TOPGLOV (7113) TOPGLOVE Q3 Slide - ALL GLOVE SHAREHOLDER MUST READ (1) 36% capacity growth (2) Monthly ASP revision (3) Higher % spot sales (4) Sales to DOUBLE Q4

TOPGLOVE is expecting more spectacular performance in coming quarters

During today webinar, Tan Sri Lim share this information.

1. Top Glove Corporation Bhd expects better earnings in its current year ending 2020 (FY20) backed by the recent rise in ad hoc and spot orders by government agencies and global market demand. 
2. It sales would likely double in its current fourth quarter, driven by higher average selling prices (ASP).
3. It is now guiding for a monthly double-digit ASP increase at least for the next few months.
4. Top Glove envisions "extremely" robust quarters ahead, driven by strong demand growth, high utilisation and additional capacity coming onstream.
5. Following the increase in glove demand from virtually every country in the world, the group's utilisation rate rose from a pre-Covid level of 85 per cent to above 95 per cent in Q3.
6. Demand backed by increased usage in both the medical and non-medical sectors, as well as heightened hygiene awareness

 

 

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