Latest news with #TopGloveCorporationBhd
New Straits Times
4 hours ago
- Business
- New Straits Times
Top Glove turns China challenge into strategic advantage
KUALA LUMPUR: Top Glove Corporation Bhd is turning the tables on rising competition, saying the expansion of Chinese glove makers into other countries could actually work in Malaysia's favour. Executive chairman Tan Sri Dr Lim Wee Chai said the company would welcome the shift, pointing out that manufacturing outside China would drive up costs and reduce price competitiveness for its rivals. "We would be happy if China produces outside of China. Costs will be about five to 10 per cent higher, and they would not sell it cheap. "For example, in Indonesia, they would have to import raw materials, deal with less efficient supporting industries, and face challenges managing local labour. "The government support structure is also not as efficient as in China. So, it is a different game altogether," he said at the company's third quarter result briefing today. Wee Chai said Top Glove would only see a real threat if Chinese manufacturers continue expanding aggressively within their home market, where they enjoy structural advantages. Managing director Lim Cheong Guan also struck a bullish note on demand trends, downplaying the impact of recent tariff-related disruptions. "The demand is always there. It is just a matter of timing and supply chain adjustments. The tariff situation caused a temporary slowdown, but we have started seeing orders coming back in May and June, and this momentum should continue into July. "There is only so long customers can hold off. Whether or not a tariff is imposed, glove consumption remains consistent," he said. Cheong Guan also welcomed the European Union's (EU) recent move to tighten scrutiny on medical glove imports from China, describing it as a step in the right direction, even if short-term effects are limited. "Most glove tenders fall below the €5 million cap, so the effect won't be significant right away. But it's a good direction. The EU is signalling a shift towards diversifying away from China and we believe that over time, they may revise the threshold, which could eventually benefit us. "The message from the EU is also encouraging for private companies looking to expand or shift supply chains beyond China," he added. Top Glove Corp Bhd's net profit for the third quarter ended May 31, 2025, dropped 31 per cent year-on-year to RM34.7 million, mainly due to heightened competition and the weakening of the US dollar against the ringgit. The country's second largest glove maker noted that the corresponding quarter a year earlier had also benefited from a higher gain from land disposals. Despite the lower earnings, quarterly revenue rose 30 per cent to RM830.3 million from RM636.9 million, driven by a 45 per cent increase in sales volume, reflecting continued global demand recovery. No dividend was declared for the quarter under review. Top Glove said the average selling price (ASP) of gloves remained competitive, while raw material costs trended lower quarter-on-quarter. The average natural latex concentrate price fell nine per cent, while nitrile latex was down four per cent. For the cumulative nine-month period, net profit surged to RM70.5 million from a net loss of RM58.2 million in the same period last year, buoyed by a 55 per cent jump in revenue to RM2.6 billion and a 65 per cent rise in sales volume. Cheong Guan said the third-quarter performance was impacted by pronounced headwinds, chiefly lower ASPs, heightened competition and cost savings being passed through to customers. "However, it is encouraging that we have remained profitable while successfully delivering volume growth," he said in a statement. "Moreover, our cumulative nine-month performance continues to track steadily towards pre-Covid levels, which is more reflective as quarterly results can be more volatile due to the effects of headwinds and tailwinds. "These speak to the effectiveness of our continuous focus on quality improvement and cost efficiency, as well as our agility in responding to shifting market dynamics," he added. Top Glove ended the quarter with RM305.2 million in cash and bank balances, down from RM351.2 million at the start of the financial year. Total liabilities rose to RM1.65 billion from RM1.12 billion as at end-August 2024, mainly due to the issuance of an RM800 million senior sukuk to refinance its perpetual sukuk. Despite global uncertainties, Cheong Guan remained optimistic about long-term prospects. "We believe the long-term outlook is still promising as gloves are an essential item across multiple sectors, which will drive sustained global demand. "We are also committed to delivering value to our stakeholders, while staying true to our principles of responsible and sustainable growth," he said. Top Glove also highlighted its environmental, social and governance (ESG) recognition, having achieved a score of 4.1 out of 5 in the FTSE ESG Ratings, placing it among the top 10 per cent of over 700 companies assessed in the global healthcare segment. It was also named in Fortune's Southeast Asia 500 list for the second consecutive year.
The Sun
15 hours ago
- Business
- The Sun
Top Glove optimistic on growing demand for gloves, additional sales from US
KUALA LUMPUR: Top Glove Corporation Bhd expects demand for gloves to grow with opportunities to capture additional sales from the United States when there is more clarity on issues surrounding US tariffs. It also said the tariff imposed by the US on China products is unlikely to be lower than Malaysia's. Managing director Lim Cheong Guan said the group's diverse portfolio is an advantage. It can offer a range to meet customers' preferences and pricing requirements while acknowledging competition in other regions. 'The final tariff decision by the US government will provide much-needed visibility for both manufacturers and customers,' he said in the group's virtual results briefing for the third quarter ended May 31, 2025 (Q3'25) today. 'Meanwhile, to mitigate the impact of US dollar volatility on profitability, we will maintain a consistent hedging policy on a month-to-month basis,' he said. Lim also said quarterly fluctuations in average selling prices (ASP) are to be expected, influenced by raw material cost volatility, among other issues. Nonetheless, market conditions are expected to stabilise over time, he said. Overall, Lim said the group has a positive outlook for the glove industry and is confident of delivering stronger results in the coming quarters. On the cost front, Lim said if raw material prices decline gradually, this would help ease some of the pressure from price competition. At the same time, improvement in utilisation – 65% in June – is expected to rise in the coming months. This will help to optimise cost and boost competitiveness in the challenging market environment. The 2% mandatory Employees' Provident Fund contribution for foreign workers would cost the group RM200,000 a month, he said. 'If you look at it in terms of average selling price, it will be 0.1% of the ASP,' said Lim. For Q3'25, Top Glove saw its net profit decline to RM34.75 million from RM50.67 million a year ago. Revenue was higher at RM830.25 million versus RM636.87 million in Q3'24, it said in a filing with Bursa Malaysia. Lim said the group's Q3'25 performance was impacted by pronounced headwinds, lower ASP, heightened competition, coupled with cost savings pass-through. For the nine months ended May 31, 2025 (9M25), Top Glove returned to the black with a net profit of RM70.5 million against a net loss of RM58.23 million a year ago. Revenue was RM2.59 billion against RM1.68 billion in the same period last year. In 9M25, sales revenue surged 55%, accompanied by a 65% increase in sales volume compared with 9M24. – Bernama
Yahoo
09-04-2025
- Business
- Yahoo
[Latest] Global Isoprene Rubber Latex Market Size/Share Worth USD 2018 Million by 2034 at a 8.09% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)
[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of Global Isoprene Rubber Latex Market size & share revenue was valued at approximately USD 927 Million in 2024 and is expected to reach USD 982 Million in 2025 and is expected to reach around USD 2018 Million by 2034, at a CAGR of 8.09% between 2025 and 2034. The key market players listed in the report with their sales, revenues and strategies are Top Glove Corporation Bhd, Hartalega Holdings Berhad, Kossan Rubber Industries Bhd, Supermax Corporation Berhad, Kraton Corporation, JSR Corporation, Kuraray, Zeon Corporation, Ansell Limited, Rubberex Corporation (M) Bhd., Dipped Products Plc, Smart Glove Corporation Sdn. Bhd., Kent Elastomer Products, Puyang Linshi, Johnson Wilshire, Elastomer, Protective Industrial Products, Southern Glove, PAO Sibur Holdings & Others. Austin, TX, USA, April 09, 2025 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled 'Isoprene Rubber Latex Market Size, Trends and Insights By End-use Industry (Medical, Consumer Goods, Industrial), By Application (Medical Gloves, Condoms, Medical Balloons, Catheters, Adhesives), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025 – 2034' in its research database. 'According to the latest research study, the demand of global Isoprene Rubber Latex Market size & share was valued at approximately USD 927 Million in 2024 and is expected to reach USD 982 Million in 2025 and is expected to reach a value of around USD 2018 Million by 2034, at a compound annual growth rate (CAGR) of about 8.09% during the forecast period 2025 to 2034.' Click Here to Access a Free Sample Report of the Global Isoprene Rubber Latex Market @ Isoprene Rubber Latex Market Overview The global isoprene rubber latex market is making significant growth owing to its rising use in different sectors, especially in the healthcare sector. Sustainable isoprene rubber latex (IRL) has unique elasticity, high durability, and biocompatibility, which make it a great candidate for medical gloves, catheters, balloons, and adhesives. By eliminating the risk of latex allergies, its hypoallergenic properties tackle some serious issues in the medical space. The increasing awareness of infection control along with hygiene among consumers has resulted in the rise of the utilization of latex-based medical supplies, which, in turn, can boost the growth of the latex medical disposable market. Besides healthcare, isoprene rubber latex is used in consumer products, industrial adhesives, and specialty coatings, generating extensive application scope. The growing demand for disposable medical gloves is one of the key driving forces generating the market growth. As the global healthcare industry is being held to a higher standard regarding infection prevention, especially after the event of the COVID-19 pandemic, medical gloves will continue to be in high demand for frontline workers. WHO (World Health Organization), CDC (Centers for Disease Control and Prevention), and governments all over the world never stop making rules and working on measures to maintain the safety of health. Moreover, the increasing number of hospital-acquired infections (HAIs) has led hospitals and diagnostic centers towards the utilization of latex-free alternatives such as isoprene rubber latex gloves. For instance, Top Glove Corporation and Hartalega Holdings are boosting their production capacities in response to growing demand. As an example, Top Glove is increasing investments in state-of-the-art manufacturing facilities, as such efforts are providing a significant impact on the supply of premium-quality medical gloves to global markets, and this is providing a long-term boost to the market outlook. The isoprene rubber latex market, although projecting significant development, is hindered by factors associated with ever-changing raw material costs. As synthetic rubber latex is derived from isoprene monomer, its production is highly dependent on the prices of crude oil. The price fluctuations caused by geopolitical issues, such as military conflicts, and lockdowns, such as the COVID-19 issue, have an unpredictable nature, which, in the long run, alters manufacturing costs. Moreover, the reliance on petrochemical feedstocks is a continued hindrance, which drives manufacturers to find sustainable alternatives. Request a Customized Copy of the Isoprene Rubber Latex Market Report @ But this challenge has been overcome somehow by the companies through investment in bio-based isoprene latex. For instance, plant-based isoprene rubber latex by Kraton Corporation lowers carbon emissions while helping to buffer raw material price volatility. This strategic transition towards sustainable resources contributes favorably to the environment and brings resilience to the supply chain, which will continue to drive market expansion. One of the trends governing the isoprene rubber latex market is the increasing adoption of natural, green, and synthetic latex alternatives that are both hypoallergenic and sustainable. Growing awareness of eco-friendliness and increasing scrutiny against chemical producers has led the manufacturers to assuage the consumer and regulatory pent-up demand for eco-friendly isoprene rubber latex products. Many companies, such as Sustain Natural, have been pioneers, offering biodegradable condoms and other latex products produced using synthetic isoprene. These products provide similar stretch and resilience as natural latex without adding to the latex allergy debate. High-performance isoprene rubber latex for industrial applications Several advances in nanotechnology and polymer modifications have led to the development of high-quality isoprene rubber latex. For example, specifically developed for aerospace elastomers and precision adhesives, Zeon Corporation has commercially introduced chemically resistant isoprene latex to its characteristics. Based on the end-use industry, the isoprene rubber latex market is segmented by medical, consumer goods, and industrial. The medical industry segment is the largest in the isoprene rubber latex market with a significant share, as isoprene rubber latex is widely used in the manufacture of medical gloves, catheters, medical balloons, and other healthcare-related products. The preference in the medical sector would be due to its hypoallergenic nature when compared to natural rubber latex, providing comfort and elasticity as well. This makes it especially ideal for latex-sensitive patients and healthcare professionals. The isoprene rubber latex system market is segmented across Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa. The industrial sector in North America is further facilitating the growth of the isoprene rubber latex market. With the automotive, construction, and aerospace industries requiring high-performance adhesives, coatings, and sealants, the region is likely to witness increased use of isoprene rubber latex over the forecast period. To achieve the advanced performance levels needed to satisfy the strict performance and safety requirements of the region, companies are turning to advanced latex formulations with improved chemical resistance and ever-increasing durability. Developments in nanotechnology and polymer modifications have further improved the performances of isoprene rubber latex, providing opportunities, for example, in performance gaps earlier in the above-mentioned specialized industrial products. Sustainability has also emerged as a focus in North America, with companies striving for bio-based and recyclable materials. Manufacturers are looking into sustainable rubber latex from bio-based sources as a way to lower carbon footprints. Further market growth is supported by regulatory bodies promoting sustainable materials such as the U.S. Environmental Protection Agency (EPA). Further, growing collaboration among latex manufacturers and research organizations as well as government agencies is contributing towards innovations in the biodegradable latex product developments. Along with high consumer awareness in the region, these factors are expected to continue to bolster a prominent share of North America in the global isoprene rubber latex market. Report Scope Feature of the Report Details Market Size in 2025 USD 982 Million Projected Market Size in 2034 USD 2018 Million Market Size in 2024 USD 927 Million CAGR Growth Rate 8.09% CAGR Base Year 2024 Forecast Period 2025-2034 Key Segment By End-use Industry, Application and Region Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America Buying Options Request tailored purchasing options to fulfil your requirements for research. (A free sample of the Isoprene Rubber Latex report is available upon request; please contact us for more information.) Our Free Sample Report Consists of the following: Introduction, Overview, and in-depth industry analysis are all included in the 2024 updated report. The COVID-19 Pandemic Outbreak Impact Analysis is included in the package. About 220+ Pages Research Report (Including Recent Research) Provide detailed chapter-by-chapter guidance on the Request. Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2025 Includes Tables and figures have been updated. The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis Custom Market Insights (CMI) research methodology (Please note that the sample of the Isoprene Rubber Latex report has been modified to include the COVID-19 impact study prior to delivery.) Request a Customized Copy of the Isoprene Rubber Latex Market Report @ CMI has comprehensively analyzed the Global Isoprene Rubber Latex market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict an in-depth scenario of the market. Segment-wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Isoprene Rubber Latex industry. The competitive landscape includes key innovators, aftermarket service providers, market giants, and niche players. These are studied and analyzed extensively concerning their strengths, weaknesses, and value-addition prospects. In addition, this report covers key player profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends, and dynamics in partnerships. Key questions answered in this report: What is the size of the Isoprene Rubber Latex market and what is its expected growth rate? What are the primary driving factors that push the Isoprene Rubber Latex market forward? What are the Isoprene Rubber Latex Industry's top companies? What are the different categories that the Isoprene Rubber Latex Market caters to? What will be the fastest-growing segment or region? In the value chain, what role do essential players play? What is the procedure for getting a free copy of the Isoprene Rubber Latex market sample report and company profiles? Key Offerings: Market Share, Size & Forecast by Revenue | 2025−2034 Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions Competitive Landscape – Top Key Vendors and Other Prominent Vendors Buy this Premium Isoprene Rubber Latex Research Report | Fast Delivery Available - [220+ Pages] @ Isoprene Rubber Latex Market Regional Analysis The Asia-Pacific region dominates the global isoprene rubber latex market in terms of its production, high number of manufacturers, availability of raw materials at low cost, and increasing demand for medical and consumer products such as baby, sanitary, and better consumer products markets. Other Asian countries, such as Malaysia Thailand, and later Indonesia, have been the major producers of isoprene rubber latex since they already have a highly developed latex-processing industry. Much of this leadership is driven by major manufacturers such as Top Glove Corporation and Hartalega Holdings, especially in Malaysia. They have invested heavily in state-of-the-art production technologies and higher production scales with factories catering to the growing global demand for medical gloves and other latex-based products. On top of that, low labor costs and rubber-friendly government policies also help the region. Moreover, the Asia-Pacific might continue to reinforce its market dominance due to rapid growth in domestic as well as international demand for medical-grade gloves during health emergencies such as COVID-19. In addition, growing healthcare infrastructure, along with increasing awareness regarding infection control practices, has facilitated the growing demand for isoprene rubber latex in hospitals and clinics across the region. Known as the largest watch market in the global market, Asia-Pacific holds a strong position owing to its existing export network and proximity to major consumer markets such as China and India. Request a Customized Copy of the Isoprene Rubber Latex Market Report @ (We customized your report to meet your specific research requirements. Inquire with our sales team about customizing your report.) Still, Looking for More Information? Do OR Want Data for Inclusion in magazines, case studies, research papers, or Media? Email Directly Here with Detail Information: support@ Browse the full 'Isoprene Rubber Latex Market Size, Trends and Insights By End-use Industry (Medical, Consumer Goods, Industrial), By Application (Medical Gloves, Condoms, Medical Balloons, Catheters, Adhesives), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025 – 2034' Report at of the prominent players in the Isoprene Rubber Latex Market: Top Glove Corporation Bhd Hartalega Holdings Berhad Kossan Rubber Industries Bhd Supermax Corporation Berhad Kraton Corporation JSR Corporation Kuraray Co. Ltd. Zeon Corporation Ansell Limited Rubberex Corporation (M) Bhd. Dipped Products Plc Smart Glove Corporation Sdn. Bhd. Kent Elastomer Products Puyang Linshi Johnson Wilshire Inc. Elastomer Inc. Protective Industrial Products Inc. Southern Glove PAO Sibur Holdings Nizhnekamskneftekhim PJSC Others Click Here to Access a Free Sample Report of the Global Isoprene Rubber Latex Market @ Spectacular Deals Comprehensive coverage Maximum number of market tables and figures The subscription-based option is offered. Best price guarantee Free 35% or 60 hours of customization. Free post-sale service assistance. 25% discount on your next purchase. Service guarantees are available. Personalized market brief by author. 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Which Trends Are Causing These Developments? Who Are the Global Key Players in This Isoprene Rubber Latex Market? What are Their Company Profile, Product Information, and Contact Information? What Was the Global Market Status of the Isoprene Rubber Latex Market? What Was the Capacity, Production Value, Cost and PROFIT of the Isoprene Rubber Latex Market? What Is the Current Market Status of the Isoprene Rubber Latex Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Isoprene Rubber Latex Market by Considering Applications and Types? What Are Projections of the Global Isoprene Rubber Latex Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports? What Is Isoprene Rubber Latex Market Chain Analysis by Upstream Raw Materials and Downstream Industry? What Is the Economic Impact On Isoprene Rubber Latex Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends? What Are Market Dynamics of Isoprene Rubber Latex Market? What Are Challenges and Opportunities? What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Isoprene Rubber Latex Industry? Click Here to Access a Free Sample Report of the Global Isoprene Rubber Latex Market @ Reasons to Purchase Isoprene Rubber Latex Market Report Isoprene Rubber Latex Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors. Isoprene Rubber Latex Market report outlines market value (USD) data for each segment and sub-segment. This report indicates the region and segment expected to witness the fastest growth and dominate the market. Isoprene Rubber Latex Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region. The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled. Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players. The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions. Isoprene Rubber Latex Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain. Reasons for the Research Report The study provides a thorough overview of the global Isoprene Rubber Latex market. Compare your performance to that of the market as a whole. Aim to maintain competitiveness while innovations from established key players fuel market growth. Buy this Premium Isoprene Rubber Latex Research Report | Fast Delivery Available - [220+ Pages] @ What does the report include? Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Isoprene Rubber Latex market analysis. The competitive environment of current and potential participants in the Isoprene Rubber Latex market is covered in the report, as well as those companies' strategic product development ambitions. According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions. For each segment mentioned above, actual market sizes and forecasts have been given. Who should buy this report? Participants and stakeholders worldwide Isoprene Rubber Latex market should find this report useful. The research will be useful to all market participants in the Isoprene Rubber Latex industry. Managers in the Isoprene Rubber Latex sector are interested in publishing up-to-date and projected data about the worldwide Isoprene Rubber Latex market. Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Isoprene Rubber Latex products' market trends. Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans. Request a Customized Copy of the Isoprene Rubber Latex Market Report @ About Custom Market Insights: Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work towards achieving sustainable growth in their respective domains. CMI offers a comprehensive solution from data collection to investment advice. The expert analysis of our company digs out essential factors that help to understand the significance and impact of market dynamics. The professional experts apply clients inside on the aspects such as strategies for future estimation fall, forecasting or opportunity to grow, and consumer surveys. 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Yahoo
17-03-2025
- Business
- Yahoo
Top Glove Corporation Bhd (KLSE:TOPGLOV investor five-year losses grow to 52% as the stock sheds RM321m this past week
We think intelligent long term investing is the way to go. But along the way some stocks are going to perform badly. For example, after five long years the Top Glove Corporation Bhd. (KLSE:TOPGLOV) share price is a whole 59% lower. We certainly feel for shareholders who bought near the top. The falls have accelerated recently, with the share price down 36% in the last three months. If the past week is anything to go by, investor sentiment for Top Glove Corporation Bhd isn't positive, so let's see if there's a mismatch between fundamentals and the share price. See our latest analysis for Top Glove Corporation Bhd Because Top Glove Corporation Bhd made a loss in the last twelve months, we think the market is probably more focussed on revenue and revenue growth, at least for now. Shareholders of unprofitable companies usually desire strong revenue growth. That's because it's hard to be confident a company will be sustainable if revenue growth is negligible, and it never makes a profit. In the last five years Top Glove Corporation Bhd saw its revenue shrink by 26% per year. That's definitely a weaker result than most pre-profit companies report. Arguably, the market has responded appropriately to this business performance by sending the share price down 10% (annualized) in the same time period. It's fair to say most investors don't like to invest in loss making companies with falling revenue. You'd want to research this company pretty thoroughly before buying, it looks a bit too risky for us. You can see below how earnings and revenue have changed over time (discover the exact values by clicking on the image). We consider it positive that insiders have made significant purchases in the last year. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. So we recommend checking out this free report showing consensus forecasts Investors should note that there's a difference between Top Glove Corporation Bhd's total shareholder return (TSR) and its share price change, which we've covered above. Arguably the TSR is a more complete return calculation because it accounts for the value of dividends (as if they were reinvested), along with the hypothetical value of any discounted capital that have been offered to shareholders. Top Glove Corporation Bhd's TSR of was a loss of 52% for the 5 years. That wasn't as bad as its share price return, because it has paid dividends. It's nice to see that Top Glove Corporation Bhd shareholders have received a total shareholder return of 8.2% over the last year. There's no doubt those recent returns are much better than the TSR loss of 9% per year over five years. This makes us a little wary, but the business might have turned around its fortunes. It's always interesting to track share price performance over the longer term. But to understand Top Glove Corporation Bhd better, we need to consider many other factors. Consider risks, for instance. Every company has them, and we've spotted 1 warning sign for Top Glove Corporation Bhd you should know about. If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: most of them are flying under the radar). Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Malaysian exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
19-02-2025
- Business
- Yahoo
When Should You Buy Top Glove Corporation Bhd. (KLSE:TOPGLOV)?
Top Glove Corporation Bhd. (KLSE:TOPGLOV), might not be a large cap stock, but it saw significant share price movement during recent months on the KLSE, rising to highs of RM1.41 and falling to the lows of RM1.00. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether Top Glove Corporation Bhd's current trading price of RM1.00 reflective of the actual value of the small-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let's take a look at Top Glove Corporation Bhd's outlook and value based on the most recent financial data to see if there are any catalysts for a price change. Check out our latest analysis for Top Glove Corporation Bhd The stock is currently trading at RM1.00 on the share market, which means it is overvalued by 28% compared to our intrinsic value of MYR0.78. This means that the opportunity to buy Top Glove Corporation Bhd at a good price has disappeared! Furthermore, Top Glove Corporation Bhd's share price also seems relatively stable compared to the rest of the market, as indicated by its low beta. If you believe the share price should eventually reach its true value, a low beta could suggest it is unlikely to rapidly do so anytime soon, and once it's there, it may be hard to fall back down into an attractive buying range. Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Although value investors would argue that it's the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. With revenues expected to grow by 68% over the next couple of years, the future seems bright for Top Glove Corporation Bhd. If the level of expenses is able to be maintained, it looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation. Are you a shareholder? It seems like the market has well and truly priced in TOPGLOV's positive outlook, with shares trading above its fair value. At this current price, shareholders may be asking a different question – should I sell? If you believe TOPGLOV should trade below its current price, selling high and buying it back up again when its price falls towards its real value can be profitable. But before you make this decision, take a look at whether its fundamentals have changed. Are you a potential investor? If you've been keeping an eye on TOPGLOV for a while, now may not be the best time to enter into the stock. The price has surpassed its true value, which means there's no upside from mispricing. However, the optimistic prospect is encouraging for TOPGLOV, which means it's worth diving deeper into other factors in order to take advantage of the next price drop. With this in mind, we wouldn't consider investing in a stock unless we had a thorough understanding of the risks. In terms of investment risks, we've identified 2 warning signs with Top Glove Corporation Bhd, and understanding these should be part of your investment process. If you are no longer interested in Top Glove Corporation Bhd, you can use our free platform to see our list of over 50 other stocks with a high growth potential. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
