The anticipated normalisation of earnings for the rubber products sector has begun as the supernormal earnings are in their final legs, says RHB Group Research analysts. In a Sept 28 note, analyst Sean Chew maintains “neutral” on the rubber products sector, with a “neutral” recommendation on...

KUALA LUMPUR (Sept 22): Following the steep decline in its share price in recent days, Top Glove has emerged as the top short selling counter on Monday (Sept 20) in terms of volume and value, with 5.53 million shares worth RM15.89 million shorted by investors. Cumulatively, based on Bursa Malaysia...

UOB Kay Hian analyst Philip Wong has lowered his target price on Top Glove from RM3.70 ($1.19) to RM3.06 after the company missed expectations in its 4QFY2021 results. Top Glove’s 4QFY2021 core net profit came in at RM608 million, 70% lower q-o-q, and 53% lower y-o-y. This brought FY2021 earnings ...

GLOVE manufacturer Top Glove Corporation was one of the early beneficiaries of the Covid-19 pandemic, booking higher revenues and profits from a spike in the global demand for gloves. However, the company's top executives said there could be headwinds ahead as vaccines are rolled out pr...

KUALA LUMPUR (Sept 17): After more than a year of being prohibited from shipping goods to the US market, Top Glove Corp Bhd said it will resume exporting and selling its gloves from Malaysia to the US as early as end-September this year, following the lifting of the US Customs and Border Protection ...

Top Glove Corporation, the world’s biggest rubber-glove maker, has reported earnings of RM607.9 million ($196.3 million) for the 4QFY2021 ended August. The figure is nearly half that of the RM1.17 billion in earnings netted in the 4QFY2020, and a 70% plunge q-o-q from 3QFY2021’s earnings of RM2....

GLOVE manufacturer Top Glove Corporation on Friday reported net profit of RM607.9 million (S$196.85 million) for the fourth fiscal quarter ended August, a 48.4 per cent decline from earnings of RM1.2 billion in the corresponding period last year.

KUALA LUMPUR (Sept 17): Glove stocks fell today after Top Glove Corp Bhd registered weaker fourth-quarter (4Q) results on normalising glove demand and average selling prices (ASPs). Top Glove and Kossan Rubber Industries Bhd were among the top 10 losers at noon. Top Glove fell as much as 25 sen or 7...

AFTER a delay in its plans for a US$1 billion dual primary listing on the Hong Kong Exchanges and Clearing (HKEX), Top Glove on Wednesday announced that it has withdrawn its listing application submitted to the Bursa Malaysia, which lapsed on Aug 26.

GLOVE manufacturer Top Glove Corporation on Friday reported net profit of RM607.9 million (S$196.85 million) for the fourth fiscal quarter ended August, a 48.4 per cent decline from earnings of RM1.2 billion in the corresponding period last year.