Top Glove’s strong performance this year is slated to increase its earnings per share for FY20/21/22E by 5%, 53% and 224% respectively, says Lee.
The strong global demand for gloves has pushed Maybank IB Research to maintain its “buy” call and target price on Top Glove.
At RM9.53 ($3.14), its call price gives the Malaysia-headquartered company a 24% upside from its RM7.76 price on September 14, analyst Lee Yen Ling observes. She adds that the counter is the brokerage’s “top pick” among the glove counters.
