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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

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.


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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