Top Glove

Re: Top Glove

Postby behappyalways » Sun Nov 05, 2017 8:51 pm

top-glove-signs-sale-and-purchase-acquire-eastern-press-nearly-15-mil
https://www.theedgesingapore.com/top-gl ... rly-15-mil
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Re: Top Glove

Postby winston » Tue Dec 19, 2017 6:50 pm

not vested

Top Glove Q1 earnings surge on record quarterly revenue

By Joseph Chin

The world's largest glove maker announced on Tuesday its earnings rose 43.8% to RM105.44mil from RM73.31mil from a year aog.

Its revenue increased 19.4% to a record RM938.11mil from RM785.58mil a year ago. Earnings per share rose to 8.41 sen from 5.85 sen.

Top Glove said the revenue was 4% higher than the Q4 FY17. Profit before tax increased by 35.9% to RM122mil from a year ago and 23.1% from Q4 FY17.

It said sales volume rose 17% on-year and 8% on-quarter. Nitrile glove sales volume grew the most, compared with a year ago and on-quarter.

“Further contributing to demand was the disruption in vinyl glove supply following China’s strict enforcement against polluting industries which benefited both natural rubber and nitrile glove sales,” it said.

Top Glove said internally, new capacity coming onstream, as well as continuous improvement initiatives in terms of automation, better production lines and cost-saving were also instrumental in contributing to the strong performance.

It said when compared with 4QFY17, the average natural rubber latex price eased 10% to RM5 a kg while the average nitrile latex price was US$1.01 a kg, up marginally by 3%.

However, raw material prices were on the uptrend compared with 1QFY17, with average natural rubber latex and nitrile latex prices higher by 12.1% and 3% respectively.

Source: The Star

https://www.thestar.com.my/business/bus ... y-revenue/
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Re: Top Glove

Postby winston » Wed Dec 20, 2017 8:49 am

Still the top gun

Top Glove (TOPG)’s 1QFY8/18 core net profit of RM101m was above expectations, at 26% of our and consensus’ FY18 estimates.

While revenue rose 19.4% yoy, 1QFY18 core net profit grew 37.7% yoy due to:
i) higher sales volume
ii) better cost efficiencies and
iii) greater economies of scale

TOPG is confident of raising its ASPs further to pass on the impact of the stronger ringgit vs. US$, as well as the upcoming increase in gas prices effective 1 Jan 2018.

The acquisition of Aspion Sdn Bhd for RM1.3bn-1.4bn should be completed by Feb 2018, and turn TOPG into the world’s largest surgical glove producer by capacity.

Maintain Add, with a higher TP of RM7.92, based on 21x CY19 P/E (from 19x).

Source: CIMB

https://brokingrfs.cimb.com/UuXzvBpDNtr ... YAcCg2.pdf
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Re: Top Glove

Postby behappyalways » Fri Jan 12, 2018 10:48 pm

top-glove-acquires-surgical-glove-producer-aspion-434-mil
https://www.theedgesingapore.com/top-gl ... on-434-mil
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Re: Top Glove

Postby behappyalways » Fri Mar 16, 2018 9:06 pm

Top Glove posts 31.2% rise in 2Q earnings to $37 mil on higher sales
https://www.theedgesingapore.com/top-gl ... gher-sales
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