- Top Glove’s core loss narrowed q-o-q to MYR86.3m in 4QFY23 bringing the FY23 number in line with our and Street expectations. Notwithstanding the challenges ahead, management guided that it will strive to improve operating efficiency while remaining committed to uphold ESG practices following its inclusion in the Dow Jones Sustainability Index for five consecutive years.
- - Read this at SGinvestors.io -
Top Glove's 4QFY23 results overview.
- Top Glove (SGX:BVA)'s 4QFY23 (Jun to Aug 2023) core loss narrowed q-o-q to MYR86.3m bringing its FY23 core loss to MYR509m (after adjusting for a MYR388.5m asset impairment arising from a decommissioning exercise) in line with our and consensus estimates.
- - Read this at SGinvestors.io -
- On the flip side, ASP fell by 0.5% q-o-q to US$20/thousand pieces, whereas volume sold declined 9.5% q-o-q given customers still refuse to commit to bulk orders as the demand-supply dynamics remain imbalance.
Key operating metrics.
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