0517 GMT - Top Glove's earnings outlook is expected to remain neutral, with its risk-reward profile looking balanced to Citi analyst Megat Fais. Top Glove has strong capacity to absorb additional demand but faces potential risks from increased competition in non-U.S. markets, the analyst says in a note. The bank notes that the wider Malaysian glove sector faces a positive outlook due to improving demand-supply dynamics and could gain from additional tariffs on Chinese gloves. Citi cuts its FY 2025-FY 2027 EPS forecasts for the glove maker by 11%, 8%, and 2%, respectively, citing recent trends. Citi raises Top Glove's target price to MYR1.23 from MYR1.07 as it rolls forward valuations to end-FY 2026, while maintaining a neutral rating on the stock. Shares are 1.6% lower at MYR1.20. (yingxian.wong@wsj.com)
(END) Dow Jones Newswires
February 13, 2025 00:17 ET (05:17 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。