Top Glove Corp.'s Outlook Appears Remain Weighed by Headwinds -- Market Talk

Dow Jones03-21

0154 GMT - Top Glove Corp.'s outlook remains weighed by headwinds, Public Investment Bank analyst Thye May Ting says in a note. She maintains her cautious stance on the glove maker's operational environment in its fiscal 2H amid persistent competition from Chinese peers. Despite recent improvements in demand, she anticipates ongoing challenges in the company's operations, exacerbated by rising raw material costs. Thye expects Top Glove to sustain its losses, with a return to pre-pandemic profitability levels unlikely in the near term. Public IB raises Top Glove's target price to MYR0.60 from MYR0.59, while keeping an underperform rating on the stock. Shares are 1.7% lower at MYR0.85.(yingxian.wong@wsj.com)

(END) Dow Jones Newswires

March 20, 2024 21:54 ET (01:54 GMT)

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She maintains her cautious stance on the glove maker's operational ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BVA.SI","symbol_name":"顶级手套有限公司","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2421946035","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2421946035","pubTimestamp":1710986040,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0154 GMT - Top Glove Corp.'s outlook remains weighed by headwinds, Public Investment Bank analyst Thye May Ting says in a note. 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