Will ‌$TOP GLOVE CORPORATION B

2022-05-11

Will ‌$TOP GLOVE CORPORATION BHD(BVA.SI)$‌goes down the same faith as competitor, Riverstone Holdings which posted a 79.2% decline in net profit?

At a net profit of RM108.7 million (S$34.5 million) for the first quarter ended Mar 31, 2022, about one-fifth of the RM522.7 million net profit it booked in the year before. Average selling prices of healthcare gloves have come off the historic highs of Q1 2021. With the majority of the world adopting an endemic approach to Covid-19, demand for personal protection equipment, including the group’s healthcare examination glove products, has normalised, the group noted in its bourse filing. The normalisation trend has been evident since Q4 2021 and has carried through Q1 2022, it added.

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Comments

chaicka
2022-05-11
chaicka
Interesting to look back at 20th Dec post https://ttm.financial/m/post/9000104725?invite=809K03&lang=en_US and how corrections went as anticipated, if not even more (broke $0.50 mark).
MortimerDodd
2022-05-11
MortimerDodd
Demand for Healthcare gloves is slowly declining in many places.
Maria_yy
2022-05-11
Maria_yy
I'm not very happy with riverstone's performance.
BellaFaraday
2022-05-11
BellaFaraday
We do have to be aware of this risk.
Ryanccs75
2022-05-12
Ryanccs75
sad
isabeol
2022-05-11
isabeol
[Cool]

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Average selling prices of healthcare gloves have come off the historic highs of Q1 2021. With the majority of the world adopting an endemic approach to Covid-19, demand for personal protection equipment, including the group’s healthcare examination glove products, has normalised, the group noted in its bourse filing. 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