Live Breaking News & Updates on Aminvestment Bank Research Thong Pak Leng

KUALA LUMPUR (Dec 10): Some analysts that cover Top Glove Corp Bhd have raised their earnings forecasts for the glove making giant, but kept their target prices (TPs) for the counter.
The move is considered unusual, since an increase in earnings forecasts typically leads to an upward revision of TPs, or for stocks that do not have buy calls, an upgrade in recommendations.
Kenanga Research s Raymond Choo pointed out that Top Glove s first quarter ended Nov 30, 2020 (1QFY21) profit after tax and minority interests of RM2.38 billion came in at 36% of Kenanga s full-year forecasts and 26% of the consensus estimates.
He has raised his FY21 net profit forecasts by 40% after raising its average selling price (ASP) assumption to US$70 per 1,000 pieces, from US$55 per 1,000 pieces previously, and assuming 80% utilisation of 75 billion pieces worth of sales volume, taking into account the temporary production loss at Top Glove s Klang factories. Its FY22 ASP assumption remains ....

Kuala Lumpur , Kenanga Research Raymond Choo , Top Glove Corp Bhd , Research Alan Lim , Jf Apex Research Nursuhaiza Hashim , Aminvestment Bank Research Thong Pak Leng , Raymond Choo , Top Glove , Nursuhaiza Hashim , Investment Bank Research , Thong Pak Leng , Alan Lim , குவாலா லம்பூர் , கெனாங்க ஆராய்ச்சி ரேமஂட் சூ , மேல் கையுறை கார்ப் ப்ட் , ஆராய்ச்சி ஆலன் லிம் , ரேமஂட் சூ , மேல் கையுறை , முதலீடு வங்கி ஆராய்ச்சி , தாங் பக் லெங் , ஆலன் லிம் ,