KUALA LUMPUR (March4): Two directors of Top Glove Corp Bhd have acquired more shares in the company, ahead of the glovemaker’s quarterly results announcement next Tuesday (March 9). Filings showed that Top Glove independent director Tan Sri Rainer Althoff acquired 10,000 shares at RM5 apiece today —...

HONG KONG/SINGAPORE/KUALA LUMPUR (March4): Malaysia's Top Glove Corp Bhd is betting that pandemic-induced sales can provide enough fuel for its US$1.9 billion (RM7.7 billion) Hong Kong listing to break through the headwind of US sanctions and the prospect of slower growth as vaccinations become wide...

KUALA LUMPUR (March 2): Top Glove Corp Bhd’s share price sank below RM5 on Monday — a key psychological support level. The stock dropped to its lowest since late June last year to close at RM4.90, down 34 sen or 6.5%. Some RM2.78 billion was wiped off from Top Glove’s market capitalisation in a sing...

KUALA LUMPUR (March 2): Trading of major glove manufacturers was lacklustre this morning on selling pressure that persisted, thanks to weak sentiment arising from the latest developments in the Covid-19 vaccination programme in Malaysia. Early losses in intraday trading wiped off as much as RM23.23 ...

KUALA LUMPUR (March1): Top Glove Corp Bhd executive chairman Tan Sri Dr Lim Wee Chai has purchased more shares of the group, as a continuous sell-off took the counter to an eight-month low. Lim has raised his direct shareholding in the group to 26.419% or 2.11 billion shares, after he acquired 4.04 ...

KUALA LUMPUR (March 1): Analysts foresee Top Glove Corp Bhd’s primary dual listing on the Hong Kong Exchange (HKEX) to dilute its FY21 to FY23 earnings per share (EPS). CGS-CIMB Research’s analyst Walter Aw said he is negative on the exercise as it is EPS dilutive. Assuming the over-allotment option...

THE following companies saw new developments that may affect trading of their securities on Monday:

KUALA LUMPUR (Feb 26): Top Glove Corp Bhd, which has spent RM1.4 billion on share buy-back exercises, is planning to float new shares in Hong Kong to raise up to RM7.7 billion. In a bourse filling, the world's largest glove manufacturer said the dual primary listing exercise on the main board of Hon...

KUALA LUMPUR (Feb 25): Top Glove Corp Bhd executive chairman Tan Sri Dr Lim Wee Chai and the Employees Provident Fund (EPF) have raised their equity stakes in the rubber glove manufacturer, which had in recent days bought back more shares in the company as news on global COVID-19 vaccination schemes...

A rout in Malaysian glove makers is deepening, sending valuations for some companies to rock-bottom levels. Top Glove Corp., the world’s biggest, slid 7.8% in a fifth day of declines Wednesday, taking its February loss to 22%, set to be the worst for any month on record. The stock is trading at ab...