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

TOP GLOVE CORPORATION BHD.

(TOPGLOV)
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Top Glove Bhd : Estimates Temporary Factory Closure to Impact 3% of Fiscal Year 2021 Sales

11/24/2020 | 08:04pm EST

By Chester Tay

Top Glove Corp. Bhd. said it expects about 3% of its FY 2021 sales to be impacted by the temporary closure of its 28 production plants in Selangor state.

The temporary closure is expected to cause some delay in delivery schedule by about two to four weeks for the facilities affected, the glove maker said in a filing to the stock exchange late Tuesday.

However, the company doesn't anticipate a penalty from the delay in delivery, and said the management had rescheduled production plans for the non-affected facilities to produce urgent orders.

The company said 16 facilities have been temporarily closed since last week, and the 12 facilities, which have been ordered to close for employee testing and sanitization, are operating at about 20% capacity.

Top Glove said the 28 plants being temporarily closed account for about 50% of its total production capacity.

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

(END) Dow Jones Newswires

11-24-20 2003ET

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Financials
Sales 2021 21 200 M 5 254 M 5 254 M
Net income 2021 9 809 M 2 431 M 2 431 M
Net cash 2021 3 398 M 842 M 842 M
P/E ratio 2021 5,32x
Yield 2021 11,0%
Capitalization 51 506 M 12 754 M 12 765 M
EV / Sales 2021 2,27x
EV / Sales 2022 3,42x
Nbr of Employees 21 000
Free-Float 59,0%
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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
TrendsNeutralBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 8,46 MYR
Last Close Price 6,42 MYR
Spread / Highest target 72,1%
Spread / Average Target 31,8%
Spread / Lowest Target -45,5%
EPS Revisions
Managers and Directors
NameTitle
Kim Meow Lee Managing Director & Director
Wee-Chai Lim Executive Chairman
Chong Ban Wong Chief Operating Officer
Say Keong Liew Senior General Manager-Finance
Kian Guan Tan General Manager-Information Technology
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