Top Glove Target Price Rm20
Top glove corporation bhd bva si target price of top glove sgx listed companies sg investors io.
Top glove target price rm20. In mq research s view the market is underestimating glove makers abilities to raise asps and. Sustainability at top glove creating value through sustainable practices ranks high on our corporate agenda. Kuala lumpur june 10.
Rhb raised topglov target price to rm28 88. Maybank kim eng maybank ke has maintained its buy rating on top glove while raising its target price on the malaysia glove maker to rm21 90 from rm20 previously. Kuala lumpur july 15.
Op rating on the shares of topglov and raising its target price to rm30 40 based on a lower target price earnings pe of 23x was rm20 50 on a target pe of 40x. Also ahead of top glove s earnings results scheduled to be released next week mq research expects a better than expected 3qfy20 and an even stronger 4q20. We believe in doing well by doing good and are committed to managing our business in a way that respects and contributes positively to the environment resources and community.
Now i can believe affin hwang capital research analyst mr ng chi hoong s rm 100 as top glove s target price is achievable. Ta raised topglov target price to rm31 66. But selling pressure started to surface soon after that indicating investors are holding the horses ahead of its quarterly result announcement tomorrow at the noon break top glove closed at rm16 86 down 14 sen or 0 9.
Hong leong investment bank bhd hlib raised its earnings forecast and share target prices tps for rubber glove manufacturers top glove corp bhd hartalega holdings bhd and kossan rubber industries bhd on expectation of higher average selling prices asps for gloves due to the covid 19 pandemic in a note today hlib analyst farah diyana kamaludin said the research. Based on p e 20 target price rm 126. The singapore exchange listed shares of top glove which also has a listing in malaysia closed at s 5 70.
Macquarie equities research mq research upgraded top glove s target price tp to rm20 50 based on the increased assumption on top glove s average selling price asp by 10 15 resulting in a 54 44 increase in fy20e 22e earnings. There were 7 39. Hlib ups target price for top glove to rm31 31 hartalega to rm20 12.
As at the midday break on friday shares of the company which is dual listed in singapore and malaysia were trading at s 5 65 on the singapore bourse up s 0 09 or 1 6 per cent. Top glove asp skyrocketing on stratospheric demand. The supermax price chart shows that it has shot up from rm 2 to rm 23 an increase of 11 5 times in the last few months.
Maybank kim eng maybank ke has maintained its buy rating on top glove while raising its target price on the malaysian glovemaker to rm21 90 from rm20 previously.
