Top Glove Corp.'s Earnings Outlook Still Neutral -- Market Talk

Dow Jones

2024-12-23

0110 GMT - Top Glove Corp.'s earnings outlook seems neutral, Public Investment Bank analyst Thye May Ting says in a note. Projected declines in raw material prices in 1H 2025 may pressure the company to maintain flat or slightly lower pricing to protect market share. However, higher sales volumes, spurred by a potential U.S. tariff hike on Chinese medical gloves due to take effect in January will likely mitigate some of that pressure, she says. Top Glove's production capacity is on track to increase 6.7% to 64 billion pieces annually, she adds. Public IB maintains a neutral rating on Top Glove with a MYR1.20 target. Shares are 3.0% higher at MYR1.36. (yingxian.wong@wsj.com)

(END) Dow Jones Newswires

December 22, 2024 20:13 ET (01:13 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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Projected declines in raw material prices in 1H 2025 may pressure the company to maintain flat or slightly lower pricing to protect market share. However, higher sales volumes, spurred by a potential U.S. tariff hike on Chinese medical gloves due to take effect in January will likely mitigate some of that pressure, she says. Top Glove's production capacity is on track to increase 6.7% to 64 billion pieces annually, she adds. Public IB maintains a neutral rating on Top Glove with a MYR1.20 target. Shares are 3.0% higher at MYR1.36. 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Projected declines in raw material prices in 1H 2025 may pressure the company to maintain flat or slightly lower pricing to protect market share. However, higher sales volumes, spurred by a potential U.S. tariff hike on Chinese medical gloves due to take effect in January will likely mitigate some of that pressure, she says. Top Glove's production capacity is on track to increase 6.7% to 64 billion pieces annually, she adds. Public IB maintains a neutral rating on Top Glove with a MYR1.20 target. Shares are 3.0% higher at MYR1.36. (yingxian.wong@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 22, 2024 20:13 ET (01:13 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones & Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BVA.SI","symbol_name":"頂級手套有限公司","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2493717712","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2493717712","pubTimestamp":1734916380,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0110 GMT - Top Glove Corp.'s earnings outlook seems neutral, Public Investment Bank analyst Thye May Ting says in a note. Projected declines in raw material prices in 1H 2025 may pressure the company to maintain flat or slightly lower pricing to protect market share. However, higher sales volumes, spurred by a potential U.S. tariff hike on Chinese medical gloves due to take effect in January will likely mitigate some of that pressure, she says. Top Glove's production capacity is on track to increase 6.7% to 64 billion pieces annually, she adds. Public IB maintains a neutral rating on Top Glove with a MYR1.20 target. Shares are 3.0% higher at MYR1.36. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate","earning"],"viewcount":null,"language":"en","relate_stocks":{"BVA.SI":"顶级手套有限公司"},"translate_title":"顶级手套公司的盈利前景仍然中性——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BVA.SI":1},"content_text":"0110 GMT - Top Glove Corp.'s earnings outlook seems neutral, Public Investment Bank analyst Thye May Ting says in a note. Projected declines in raw material prices in 1H 2025 may pressure the company to maintain flat or slightly lower pricing to protect market share. However, higher sales volumes, spurred by a potential U.S. tariff hike on Chinese medical gloves due to take effect in January will likely mitigate some of that pressure, she says. Top Glove's production capacity is on track to increase 6.7% to 64 billion pieces annually, she adds. Public IB maintains a neutral rating on Top Glove with a MYR1.20 target. Shares are 3.0% higher at MYR1.36. (yingxian.wong@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 22, 2024 20:13 ET (01:13 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0}}}