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Broker's Calls
Maybank downgrades Top Glove to ‘sell’ as share price has outpaced its fundamentals
Analyst Wong Wei Sum still expects the company to be loss-making in FY2024. Top Glove is expected to see profitability in FY2025.
December 21, 2023
Broker's Calls
Top Glove unlikely to turn profitable in the near term: Maybank
The analyst expects the glove maker’s 3QFY2023 ended May earnings to remain in the red despite higher ASPs.
June 08, 2023
Broker's Calls
The worst is over for Top Glove, UOBKH upgrades to 'buy' with higher TP of 95 sen
Top Glove’s 3QFY2023 should realise lower natural gas tariff of 15% in April onwards.
March 17, 2023
IPO
Top Glove’s listing application in HKEX officially lapses
The company received shareholders' approval to list in Hong Kong just last December.
April 28, 2022
Covid-19
Glove makers and Medtecs International surge on possible new virus variant
Nevertheless, these counters are still significantly off their peaks from last year.
November 26, 2021
Broker's Calls
Broker's Digest: CDL, Raffles Medical Group, PropNex, Centurion Corp, Top Glove
See the analysts' recommendations and target prices here.
September 23, 2021
Broker's Calls
UOB KH cuts target price for Top Glove, but maintains 'hold' call
UOB Kay Hian has cut its target price on Top Glove from RM3.70 ($1.19) to RM3.06 after it missed earnings expectations in 4Q21.
September 20, 2021
Billion Dollar Club 2021
Top Glove comes up tops; Riverstone scores for ROE
Top Glove comes out tops in the healthcare services and pharmaceuticals sector, while Riverstone Holdings delivers the best ROE.
September 10, 2021
Medtech
Malaysia’s EPF trims stake in Top Glove
Malaysia’s EPF has sold off 47,100 shares in Top Glove on Aug 27, leaving it with a 6.22% stake.
September 01, 2021
2020 in review
Healthcare equipment and glove makers enjoy a stellar year, drawing in new competitors
Glove makers saw their earnings soar due to the boom in demand brought on by the Covid-19 pandemic.
December 18, 2020