Hence, 9M18 earnings rose 40% y-o-y to RM327 million.
SINGAPORE (June 22): Maybank Kim Eng is maintaining its “buy” recommendation on Top Glove, the world’s largest glove manufacturer, with a target price of RM12.90 ($4.40).
This came on the back of the group on June 19 announcing that its 3Q18 earnings have increased by 51.4% to RM117.6 million. This was largely attributed to its revenue reaching a record high of RM1.10 billion, representing a 26.6% increase from the same period last year.
