MIDF Research lowers Top Glove TP to RM8.29
KUALA LUMPUR: MIDF Amanah Investment Bank Bhd (MIDF Research) has lowered its target price (TP) for Top Glove Corporation Bhd to RM8.29 from RM10.96 previously, although it is “positively surprised” by the company’s extra 20 per cent special dividend announcement yesterday. “Our new TP is based on -0.5 standard deviation (SD) of 10-year price-to-earnings ratio […]
