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MarketScreener Homepage  >  Equities  >  BURSA MALAYSIA  >  Top Glove Corporation Bhd.    TOPGLOV   MYL7113OO003

TOP GLOVE CORPORATION BHD.

(TOPGLOV)
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Shares of Malaysian Glove Makers Rally

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05/13/2020 | 12:16am EDT

By Chester Tay

Shares of Malaysian glove makers are rallying ahead of expected strong quarterly earnings, buoyed by a surge in demand for gloves in the wake of the Covid-19 pandemic.

Shares of Hartalega Holdings Bhd.'s rose 18% to a record high of MYR8.99, bringing its year-to-date gains to 62%.

Shares of other glove companies were higher as well, with Comfort Gloves Bhd. up 15%, Kossan Rubber Industries Bhd. 14% higher, and Top Glove Corp. and Supermax Corp. each up 13%. Riverstone also gained 10%.

Singapore-listed glove maker Riverstone Holdings Ltd., had reported a 54% jump in its first-quarter results on Monday.

"The second reason for the rally is the potential second wave of coronavirus outbreak in Asia. But we think investors should be cautious as the share prices now seem overbought," Danny Wong, Areca Capital Sdn. Bhd. chief executive officer told The Wall Street Journal.

 

Write to Chester Tay at chester.tay@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
COMFORT GLOVES 11.95% 3.84 End-of-day quote.386.08%
HARTALEGA HOLDINGS -5.03% 17 End-of-day quote.210.22%
KOSSAN RUBBER INDUSTRIES 6.30% 13.5 End-of-day quote.224.52%
LETS HOLDINGS GROUP CO., LTD. -5.25% 11.37 End-of-day quote.88.25%
LINE CORPORATION -0.18% 5550 End-of-day quote.3.74%
LOOK HOLDINGS INCORPORATED -3.31% 702 End-of-day quote.-43.93%
SUPERMAX CORPORATION -0.50% 15.9 End-of-day quote.1,043.88%
TOP GLOVE CORPORATION BHD. -3.50% 23.16 End-of-day quote.392.77%
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Latest news on TOP GLOVE CORPORATION BHD.
06/30Southeast Asian Equities Hit Hard in First Half as Covid-19 Wreaked Havoc
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06/25TOP GLOVE CORPORATION BHD. : Ex-dividend day for interim dividend
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06/11Top Glove posts 366% jump in third-quarter profit amid rocketing pandemic dem..
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06/08TOP GLOVE CORPORATION BHD. : quaterly earnings release
06/04Top supplier Malaysia sees no quick end to shortages in $8 billion gloves ind..
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06/01SOUTHEAST ASIA STOCKS : Up on softer-than-feared Trump response to China, Vietna..
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05/27SOUTHEAST ASIA STOCK : Most rise on stimulus hopes; Malaysia biggest gainer
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05/21SOUTHEAST ASIA STOCKS : Most gain ahead of China policy meet; Malaysia leads
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More news
Financials
Sales 2020 7 106 M 1 664 M 1 664 M
Net income 2020 1 265 M 296 M 296 M
Net Debt 2020 2 126 M 498 M 498 M
P/E ratio 2020 47,9x
Yield 2020 1,14%
Capitalization 62 466 M 14 648 M 14 632 M
EV / Sales 2019
EV / Sales 2020 9,09x
Nbr of Employees 19 000
Free-Float 58,8%
Chart TOP GLOVE CORPORATION BHD.
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Top Glove Corporation Bhd. Technical Analysis Chart | MarketScreener
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Technical analysis trends TOP GLOVE CORPORATION BHD.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 22
Average target price 23,82 MYR
Last Close Price 23,16 MYR
Spread / Highest target 38,2%
Spread / Average Target 2,83%
Spread / Lowest Target -45,6%
EPS Revisions
Managers
NameTitle
Kim Meow Lee Managing Director & Director
Wee-Chai Lim Executive Chairman
Say Keong Liew Senior General Manager-Finance
Han Boon Lim Senior Independent Non-Executive Director
Siew Bee Tong Non-Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
TOP GLOVE CORPORATION BHD.392.77%15 175
BECTON, DICKINSON AND COMPANY-5.35%76 146
COLOPLAST A/S26.82%33 996
TELEFLEX INCORPORATED-5.75%16 260
HARTALEGA HOLDINGS226.64%14 221
SHANDONG WEIGAO GROUP MEDICAL POLYMER COMPANY LIMITED106.00%11 226