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 SOURCE: https://www.theedgemarkets.com/article/top-glove-ups-capex-allocation-rm10b-rm8b

 

Top Glove has earmarked RM10 billion for capital expenditure (capex) over the next five financial years (FY2021 to FY2025).

 

Capex allocation for FY2021 to FY2025 will be invested in:

- New capacity

- Enhancement of existing manufacturing facilities

- Industry 4.0 initiatives,

- Gamma sterilisation plant

- Land bank for future expansion

- IT upgrades

- Workers’ facilities.

 

Top Glove allocates such a big amount of money for capex over the next five financial years. Is it a good thing for both the company and investor?

 

Join our telegram channel to get the answer. We will prepare a report and share to all the members during this weekend.

https://t.me/bursashortterm

https://klse.i3investor.com/blogs/bursatrade/2020-10-09-story-h1534559078-TOPGLOV_7113_RM_10_billion_for_Capital_Expenditure_Is_it_good.jsp
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