Re: Top Glove
Posted: Fri Sep 18, 2020 9:34 am
not vested
Top Glove Corporation (ADD, tp:MYR10.00)
- Record high profit thanks to Covid-19
- FY8/20 net profit of RM1.9bn (+403.8% yoy) came in above expectations.
We expect TOPG to continue posting stronger quarterly earnings, driven by higher sales volumes from increased capacity and higher ASPs.
Reiterate Add with a higher TP of RM10.00 (17x CY22 P/E).
Source: CIMB
https://rfs.cgs-cimb.com/api/download?f ... F133910150
Top Glove Corporation (ADD, tp:MYR10.00)
- Record high profit thanks to Covid-19
- FY8/20 net profit of RM1.9bn (+403.8% yoy) came in above expectations.
We expect TOPG to continue posting stronger quarterly earnings, driven by higher sales volumes from increased capacity and higher ASPs.
Reiterate Add with a higher TP of RM10.00 (17x CY22 P/E).
Source: CIMB
https://rfs.cgs-cimb.com/api/download?f ... F133910150