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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.
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