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SHAH ALAM: Top Glove Corp Bhd expects its production of nitrile gloves to grow rapidly, with volume firmly surpassing that of low-margin latex gloves by the end of the year.
KUALA LUMPUR: Top Glove Corporation’s 1QFY8/20 net profit of RM111.4mil was within expectations, at 26% of CGS-CIMB Equities Research and Bloomberg consensus FY20F estimates.
KUALA LUMPUR: Kenanga research has cuts its FY19/FY20 earnings estimates for Top Glove Corp Bhd by 4% each given competitive pressure from low margin latex gloves.
PETALING JAYA: Top Glove Corp Bhd, which recently entered the European market, will soon venture into the United States to sell its flagship biodegradable gloves amid high demand for the green product.
KUALA LUMPUR: CIMB Equities Research expects Top Glove, the world’s biggest glove maker, to record stronger results in the second half of the current financial year ending Aug 31, 2019.
SHAH ALAM: Top Glove Corp Bhd will be adjusting its average selling price in the next two months as it accounts for the increase in raw material prices.
KUALA LUMPUR: BIMB research has reduced its earnings forecast for Top Glove COrp Bhd for FY19/20 to account for lower average selling price (ASP) and a slight delay in its expansion plans of Factory 32 as well as higher-than-expected operating cost.
THE Yeoh family maintains its 11th spot on the top 40 richest list, despite its net wealth declining by RM2.3bil or 25% in 2018.
KUALA LUMPUR: Top Glove Corp Bhd's net profit fell 2.95% year-on-year to RM105.79mil in the second quarter ended Feb 28, 2019, due to a challenging environment and shorter work months over the period.
KUALA LUMPUR: Top Glove Corp Bhd executive chairman Tan Sri Lim Wee Chai is bracing for higher latex prices this year.