Top Glove Target Price 110

Based on p e 20 target price rm 126.

Top glove target price 110. Rubber gloves malaysia overweight the sector on better asp demand visibility. Macquarie research has downgraded its recommendation on top glove corp bhd to underperform from outperform previously and lowered its target price to rm5 45 from rm10 13 adjusted for bonus issue. The improved profit was also attributed to productivity enhancements which top glove continued to embark on while the group s utilisation levels which remained at close to 100 amplified production efficiency and reaped. Top glove corp diversified customer base a boon for selling prices.

Affin hwang outperform rm 46 40 20 7 2020. Reflecting market demand average selling prices asps were also adjusted upwards said top glove in a statement. The research firm said this is due to the fact that while its short term results are expected to be robust and higher average selling asps will drive ratings upgrades earnings are expected to peak in fy21 and will unlikely repeat once the demand supply equation. Now i can believe affin hwang capital research analyst mr ng chi hoong s rm 100 as top glove s target price is achievable.

8 research houses updated their target prices for top glove as below. Cgs cimb maintains target price for top glove despite potential hong kong listing wednesday 14 oct 2020 04 17 pm myt reuters citing two unnamed sources reported that the world s largest rubber glove maker which is already listed in malaysia and singapore had hired three banks citigroup c n china international capital corporation. Top glove corporation bhd bva si target price of top glove sgx listed companies sg investors io. Kuala lumpur sept 10.

Top glove share price could hit as high as rm 110 on value in a bull case scenario if selling prices increase by 10 month to month each month in financial year 2021.