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BROKERS' TAKE

Maybank KE raises target price on Top Glove, positive on Malaysia glove sector

Brokerage expects glovemaker to post a Q4 net profit of RM782m, following strong Q3 results

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Top Glove on Thursday posted its highest quarterly net profit and revenue in its 29-year history, thanks to a surge in demand for gloves amid the Covid-19 pandemic.

Singapore

MAYBANK Kim Eng (Maybank KE) has maintained its "buy" rating on Top Glove while raising its target price on the Malaysian glovemaker to RM21.90, from RM20 previously.

The Singapore Exchange-listed shares of Top Glove, which also has a listing in Malaysia, closed at S$5.70...

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