Top Calls
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Company Update � Top Glove (BUY, maintain)
- Automation in high gear Top Glove is scheduled to announce its 4QFY16 results in mid- October. Core net profit (CNP) could be flat qoq at RM60m-RM70m, largely due to tepid sales volume growth and higher production costs. Pricing pressure remains prevalent but ongoing automation efforts and balanced product mix management could provide an avenue for underlying margin expansion. Maintain BUY.
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Other Calls
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| For important disclosures, please refer to the Disclosure section at the end of the individual linked research reports. |
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