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TOPGLOVE

 

QR & PRESS CONFERENCE HIGHLIGHTS

 

In the latest quarter released on 17 September 2020, TOPGLOV generated a Profit After Tax (PAT) of RM1.3 billion.
 
 
Based on TOPGLOV's Press Conference information, we gather that:
 
1) GLOVE DEMAND IS STILL ON THE RISE. The outlook for the company and glove industry remains very promising. With COVID-19, Top Glove estimates that glove demand will grow by 20% per annum in 2020, 25% in 2021 and 15% post-COVID.
 
2) SALES, CAPACITY & PRODUCTIVITY BOOSTERS. The continuous increase in sales orders from 195 developed and developing countries across the world, coupled with rapid growth in capacity and significant improvements in productivity through technology augurs well for TOPGLOV’s results going forward. 
 
3) BEST DAYS ARE YET TO COME, WITH OR WITHOUT VACCINE. Glove demand remains at a supernormal level, as gloves will still be required even when a vaccine becomes available. With glove demand still on the uptrend, we believe our best days are still ahead of us,' said Tan Sri Dr Lim.
 
 
 
DISCLAIMER
We compile our study notes based on publicly available information. We share our study notes for free, for sharing purpose only. There is no buy/sell recommendation.
 
 
JOIN US AT TELEGRAM FOR STOCK MARKET INSIGHTS, STUDY NOTES & INFORMATION:
 
 
 
 
 
https://klse.i3investor.com/blogs/jomnterry/2020-09-17-story-h1513550744-TOPGLOV_PRESS_CONFERENCE_HIGHLIGHTS.jsp


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