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PETALING JAYA: The growth rate of average selling prices (ASPs) for gloves is expected to slow in the coming months but that is not going to dissuade Top Glove Holding Bhd from committing RM8bil in capital expenditure for expansion over the next six years.
KUALA LUMPUR: Top Glove Corporation Bhd posted exceptionally strong earnings in the fourth quarter ended Aug 31, 2020 and also for the financial year (FY20), underpinned by the surge in demand for gloves due to the Covid-19 pandemic.
ACCRA, Sept. 16 (Xinhua) -- The Chinese government on Wednesday presented the second batch of medical supplies to the Ghanaian government to support its fight against the COVID-19 pandemic.
PETALING JAYA: A downgrade by Macquarie Research saw Top Glove Corp Bhd’s shares take a huge beating, with its shares falling by 70 sen, or 9.8%, to RM6.45 yesterday.
KUALA LUMPUR: CGS-CIMB Equities Research reiterates its positive view on Top Glove expects higher average selling prices (ASP), particularly for nitrile gloves at +20% month-on-month (MoM) in September and October and another +10% in November due to strong demand for gloves.
KUALA LUMPUR: Stocks to watch on Monday include AirAsia X Bhd (AAX), LBS Bina Group Bhd, Inix Technologies Holdings Bhd, Ipmuda Bhd, Fintec Global Bhd and Ageson Bhd, according to JF Apex Research.
KUALA LUMPUR: Stocks to watch on Thursday include Advancecon Holdings Bhd, Inta Bina Group Bhd, MGB Bhd, LKL International Bhd and Iconic Worldwide Bhd, according to JF Apex Research.
KUALA LUMPUR: LKL International Bhd’s unit LKL Advance MetalTech Sdn Bhd has secured a US$18.96mil (RM78.49mil) contract to supply nitrile gloves to a China-based company.
KUALA LUMPUR: LKL International Bhd's unit LKL Advance MetalTech Sdn Bhd has secured a US$18.96mil (RM78.49mil) contract to supply nitrile gloves to a China-based company.