Top Glove warns of weak demand as profit slumps

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Top Glove warns of weak demand as profit slumps

Reuters2021-12-10

(Reuters) - Malaysia's Top Glove said on Friday its quarterly profit had been nearly wiped out, adding that it expected the business environment in the immediate term to be challenging. The world's ...

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Malaysia's Top Glove said on Friday its quarterly profit had been nearly wiped out, adding that it expected the business environment in the immediate term to be challenging.\nThe world's ...</p>\n\n<a href=\"https://finance.yahoo.com/news/top-glove-warns-weak-demand-053606142.html\">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://finance.yahoo.com/news/top-glove-warns-weak-demand-053606142.html","article_id":"2190640240","we_media_id":null,"thumbnails":[],"rights":{"source":"yahoofinance_sg","url":"https://finance.yahoo.com/news/top-glove-warns-weak-demand-053606142.html","rn_cache_url":null,"customStyle":"","selectors":"article, body","filters":"","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2190640240","pubTimestamp":1639120446,"sourceInfo":{"source_id":"yahoofinance_sg","name":"Yahoo Finance"},"weMediaInfo":null,"summary":"(Reuters) - 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Malaysia's Top Glove said on Friday its quarterly profit had been nearly wiped out, adding that it expected the business environment in the immediate term to be challenging.\nThe world's ...</p>\n\n<a href=\"https://finance.yahoo.com/news/top-glove-warns-weak-demand-053606142.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BVA.SI":"顶级手套有限公司"},"source_url":"https://finance.yahoo.com/news/top-glove-warns-weak-demand-053606142.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2190640240","content_text":"(Reuters) - Malaysia's Top Glove said on Friday its quarterly profit had been nearly wiped out, adding that it expected the business environment in the immediate term to be challenging.\nThe world's largest medical glove maker posted net profit of 185.7 million ringgit ($44.04 million) during the September-November quarter, a plunge of 92% from 2.36 billion ringgit a year ago.\nRevenue tumbled 67% to 1.58 billion ringgit, its stock exchange filing showed.\nThe company said average selling prices and demand have been returning to normal after the global rollout of coronavirus vaccine, while customers stay cautious on replenishment orders, in expectation of a further fall in glove prices.\n\"The group saw a decrease in sales volume in the current quarter, which was attributed to increased competition and supply, owing to expansion by existing players and entrance of new players,\" Top Glove said.\nIt added that it had gradually regained exports to the United States, and expected sales volume to improve in coming quarters.\nLast year, the U.S. Customs banned imports of Top Glove's products from Malaysia over accusations of forced labour at its operations, but lifted the ban in September after a review showed Top Glove addressed all indicators of forced labour.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":605757532,"gmtCreate":1639271283259,"gmtModify":1676532259851,"author":{"id":"3581913988119713","authorId":"3581913988119713","name":"Roticanai","avatar":"https://static.tigerbbs.com/4da10b7952b9a699e2c4703a67642740","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581913988119713","authorIdStr":"3581913988119713"},"htmlText":"Buy","listText":"Buy","text":"Buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":15,"repostSize":0,"link":"https://ttm.financial/post/605757532","repostId":2190640240,"repostType":4,"repost":{"id":"2190640240","kind":"news","pubTimestamp":1639120446,"share":"https://ttm.financial/m/news/2190640240?lang=&edition=fundamental","pubTime":"2021-12-10 15:14","market":"sg","language":"en","title":"Top Glove warns of weak demand as profit slumps","url":"https://stock-news.laohu8.com/highlight/detail?id=2190640240","media":"Reuters","summary":"(Reuters) - Malaysia's Top Glove said on Friday its quarterly profit had been nearly wiped out, addi","content":"<p>(Reuters) - Malaysia's Top Glove said on Friday its quarterly profit had been nearly wiped out, adding that it expected the business environment in the immediate term to be challenging.</p>\n<p>The world's largest medical glove maker posted net profit of 185.7 million ringgit ($44.04 million) during the September-November quarter, a plunge of 92% from 2.36 billion ringgit a year ago.</p>\n<p>Revenue tumbled 67% to 1.58 billion ringgit, its stock exchange filing showed.</p>\n<p>The company said average selling prices and demand have been returning to normal after the global rollout of coronavirus vaccine, while customers stay cautious on replenishment orders, in expectation of a further fall in glove prices.</p>\n<p>\"The group saw a decrease in sales volume in the current quarter, which was attributed to increased competition and supply, owing to expansion by existing players and entrance of new players,\" Top Glove said.</p>\n<p>It added that it had gradually regained exports to the United States, and expected sales volume to improve in coming quarters.</p>\n<p>Last year, the U.S. Customs banned imports of Top Glove's products from Malaysia over accusations of forced labour at its operations, but lifted the ban in September after a review showed Top Glove addressed all indicators of forced labour.</p>","source":"yahoofinance_sg","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Top Glove warns of weak demand as profit slumps</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTop Glove warns of weak demand as profit slumps\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-10 15:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/top-glove-warns-weak-demand-053606142.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Malaysia's Top Glove said on Friday its quarterly profit had been nearly wiped out, adding that it expected the business environment in the immediate term to be challenging.\nThe world's ...</p>\n\n<a href=\"https://finance.yahoo.com/news/top-glove-warns-weak-demand-053606142.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BVA.SI":"顶级手套有限公司"},"source_url":"https://finance.yahoo.com/news/top-glove-warns-weak-demand-053606142.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2190640240","content_text":"(Reuters) - Malaysia's Top Glove said on Friday its quarterly profit had been nearly wiped out, adding that it expected the business environment in the immediate term to be challenging.\nThe world's largest medical glove maker posted net profit of 185.7 million ringgit ($44.04 million) during the September-November quarter, a plunge of 92% from 2.36 billion ringgit a year ago.\nRevenue tumbled 67% to 1.58 billion ringgit, its stock exchange filing showed.\nThe company said average selling prices and demand have been returning to normal after the global rollout of coronavirus vaccine, while customers stay cautious on replenishment orders, in expectation of a further fall in glove prices.\n\"The group saw a decrease in sales volume in the current quarter, which was attributed to increased competition and supply, owing to expansion by existing players and entrance of new players,\" Top Glove said.\nIt added that it had gradually regained exports to the United States, and expected sales volume to improve in coming quarters.\nLast year, the U.S. Customs banned imports of Top Glove's products from Malaysia over accusations of forced labour at its operations, but lifted the ban in September after a review showed Top Glove addressed all indicators of forced labour.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6945060,"gmtCreate":1639271335712,"gmtModify":1663238472540,"authorId":3581913988119713,"author":{"id":3581913988119713,"idStr":"3581913988119713","authorId":3581913988119713,"name":"Roticanai","avatar":"https://static.tigerbbs.com/4da10b7952b9a699e2c4703a67642740","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":605757532,"type":1,"supId":0,"prevId":0,"content":"😍😍😍","text":"😍😍😍","html":"😍😍😍"},{"id":6945075,"gmtCreate":1639271366671,"gmtModify":1663238472247,"authorId":3581913988119713,"author":{"id":3581913988119713,"idStr":"3581913988119713","authorId":3581913988119713,"name":"Roticanai","avatar":"https://static.tigerbbs.com/4da10b7952b9a699e2c4703a67642740","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":605757532,"type":1,"supId":0,"prevId":0,"content":"😊😊😊","text":"😊😊😊","html":"😊😊😊"},{"id":6945038,"gmtCreate":1639271295180,"gmtModify":1663238472244,"authorId":3581913988119713,"author":{"id":3581913988119713,"idStr":"3581913988119713","authorId":3581913988119713,"name":"Roticanai","avatar":"https://static.tigerbbs.com/4da10b7952b9a699e2c4703a67642740","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":605757532,"type":1,"supId":0,"prevId":0,"content":"🤩🤩🤩","text":"🤩🤩🤩","html":"🤩🤩🤩"},{"id":6945073,"gmtCreate":1639271361111,"gmtModify":1663238472228,"authorId":3581913988119713,"author":{"id":3581913988119713,"idStr":"3581913988119713","authorId":3581913988119713,"name":"Roticanai","avatar":"https://static.tigerbbs.com/4da10b7952b9a699e2c4703a67642740","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":605757532,"type":1,"supId":0,"prevId":0,"content":"👌👌👌","text":"👌👌👌","html":"👌👌👌"},{"id":6945079,"gmtCreate":1639271378292,"gmtModify":1663238472148,"authorId":3581913988119713,"author":{"id":3581913988119713,"idStr":"3581913988119713","authorId":3581913988119713,"name":"Roticanai","avatar":"https://static.tigerbbs.com/4da10b7952b9a699e2c4703a67642740","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":605757532,"type":1,"supId":0,"prevId":0,"content":"😎😎😎","text":"😎😎😎","html":"😎😎😎"}],"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":9,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}