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Covid-19 bug does little to derail expectations of Top Glove logging supernormal earnings

Amala Balakrishner
Amala Balakrishner • 2 min read
Covid-19 bug does little to derail expectations of Top Glove logging supernormal earnings
UOB Kay Hian is maintaining its buy call and target price despite news of 17 of Top Glove’s employees contracting the coronavirus.
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Glove manufacturer Top Glove is set to resume production, under strict adherence to guidelines imposed by the Malaysian-health ministry.

The company’s operations had taken a hit earlier this month after 17 employees had tested positive for the coronavirus.

It has since undertaken deep cleaning and a thorough sanitisation of the affected production sites and living quarters. It adds that contact tracing is ongoing and already-identified employees have undergone testing for Covid-19 and placed on home quarantine while awaiting their results.

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