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.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。