In its results announcement on Dec 17, Top Glove noted that the nitrile glove delivered strong sales volume growth of 20% and significantly higher contributions to group profit.
SINGAPORE (Dec 18): AmInvestment Bank is keeping its “buy” call on Top Glove Corporation, despite continued headwinds for the world’s largest rubber glove manufacturer.
Top Glove saw its earnings edge 1.2% higher to RM111.4 million ($36.4 million) for 1QFY2020 ended November, even as revenue slipped 4.2% to RM1.21 billion on lower average selling prices (ASP) and lower average raw material prices.
