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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 : Expects New Covid-19 Cases Among Workers to Trend Lower as Health Screening Concludes

11/25/2020 | 03:31am EST

By Chester Tay

Top Glove Corp. Bhd. expects confirmed Covid-19 cases among its workers to be on a downward trend as health screening of staff concludes, said the group's executive director, Lim Cheong Guan.

As of Nov. 24, there were 4,036 positive cases at a cluster linked to Top Glove's workers, Mr. Lim said at a press conference Wednesday.

He said the high number of positive cases over the last few days was due to mass testing in areas surrounding Top Glove's worker hostel.

Approximately 500 of Top Glove's workers have since been discharged from hospital after being hospitalized for an average six days, as they have been found to be non-contagious, Mr. Lim said.

Over the past two months, he said Top Glove has spent 20 million ringgit ($4.9 million) in purchasing 100 units of new accommodations for workers, and will continue to invest for further improvement.

The Top Glove executive chairman said he hopes the closure of the company's factories could be over in the next two to four weeks.

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

(END) Dow Jones Newswires

11-25-20 0329ET

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Financials
Sales 2021 21 217 M 5 258 M 5 258 M
Net income 2021 9 801 M 2 429 M 2 429 M
Net cash 2021 3 398 M 842 M 842 M
P/E ratio 2021 5,33x
Yield 2021 10,8%
Capitalization 51 506 M 12 754 M 12 765 M
EV / Sales 2021 2,27x
EV / Sales 2022 3,40x
Nbr of Employees 21 000
Free-Float 59,0%
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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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