Top Glove managing director Lim Cheong Guan.
PETALING JAYA: Top Glove Corp Bhd
is banking on clearer US tariff policies and improving plant utilisation rates to support its earnings recovery, even as average selling prices (ASPs) remain under pressure amid stiff market competition and volatility in raw material cost.
Top Glove managing director Lim Cheong Guan said market uncertainties and increased competition led to a downward adjustment in ASPs for nitrile and natural rubber gloves by 5% and 3%, respectively, in the third quarter of financial year ended May 31, 2025 (3Q25).
