Stock Analysis: Top Glove | Lianhe Zaobao
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Top Glove reported a core profit of MYR 37.4 million in the first quarter of the fiscal year 2026, a quarter-on-quarter increase of 48%. The average selling price of gloves declined by 11% year-on-year, but the operating profit margin increased to 4.6%. Sales in Asia and Latin America grew by 20% and 9%, respectively. Management expects selling prices to rise by 2% to 3% per month in the second quarter and has set a sales growth target of 30% for the fiscal year 2026. Maybank Securities maintains a "Neutral" rating with a target price of MYR 0.64
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