top glove

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Top Glove shares end flat after 7.3% surge in intra-day trade on return to full-year profitability

The group attributes its improved performance to the higher demand for gloves and its cost efficiency

Top Glove aims to grow its US market share "significantly" by FY2026.

Top Glove swings into the black with RM38.6 million Q4 net profit; returns to full-year profitability

It declares a final dividend of 0.48 sen per share and attributes the improved performance to stronger demand

The company's earnings per share for the quarter stood at 0.43 sen, down from 0.63 sen previously.

Top Glove Q3 profit slides 31% to RM34.7 million despite higher revenue

The firm puts this down to lower average selling prices and stiffer competition, but has a brighter outlook for the longer term

The higher tariffs imposed on Thailand and Indonesia are seen to likely benefit Malaysian glove producers further.

Malaysian glove makers will likely stay afloat in Trump tariff tsunami, but face being priced out in non-US markets

Uneven duties are expected to make Chinese-made gloves more expensive in the US, which could benefit manufacturers in the South-east Asian country

Semiconductors have been exempted from tariffs for now, but analysts warn that the space is not “immune” from future tariff threats.

Semiconductor, shipbuilding stocks suffer heavy losses in SGX bloodbath

The share prices of banking trio DBS, OCBC and UOB have also retreated significantly

Top Glove's revenue for Q2 was RM883.7 million, up from RM 550.3 million in the year-ago quarter. 

Top Glove swings back to black with RM30.3 million Q2 profit 

This translates into a basic earnings per share of 0.38 sen

The advanced production line at a Top Glove factory in Selangor, Malaysia. The financial results of glove companies have generally improved since the start of 2024, as customers looked to replenish their inventories.
OUTLOOK 2025

Malaysian glove makers poised for US growth but broader tariffs may upend optimism

They may also face stiffer competition as Chinese rivals pivot from the US to markets in Europe and Asia, add analysts

Top Glove is optimistic about the recovery of the glove industry, and expects orders to continue flowing in.

Top Glove swings back to black with RM5.5 million Q1 net profit

More US orders ahead of 50% tariff on glove imports from China contribute to higher sales volume

Revenue for the fourth quarter was 75.5 per cent higher year on year at RM835.3 million, up from RM476.1 million in Q4 of FY2023. 

Top Glove’s Q4 losses narrow to RM3.6 million on higher sales; proposes bonus issue of warrants

The reversal from its RM50.7m profit in Q3 is due to the US dollar weakening against the ringgit