Top Glove committed to conserving nature and supporting local communities
KUALA LUMPUR: Top Glove Corporation Bhd, through its charitable arm, the Top Glove Foundation (TGF), is committed to a series of environmental, social and governance (ESG) initiatives, aimed at conserving nature and supporting the livelihoods of the local community. This commitment is exemplified by the ongoing sponsorship by the world’s largest manufacturer of gloves of […]
Top Glove’s Q2 net profit falls to RM87.55 mln
KUALA LUMPUR: Top Glove Corporation Bhd’s net profit fell 97 per cent to RM87.55 million in the second quarter ended Feb 28, 2022 (Q2 FY2022) from RM2.87 billion a year earlier. Revenue shrank 73 per cent to RM1.45 billion from RM5.37 billion previously, the world’s leading glove producer said in a filing with Bursa Malaysia […]
US customs directs all ports to seize disposable gloves produced by Top Glove
KUALA LUMPUR: The US Customs and Border Protection (CBP) has directed personnel at all US ports of entry to begin seizing disposable gloves produced in Malaysia by Top Glove Corporation Bhd. The CBP Office of Trade, in consultation with the Secretary of the Treasury, published an alleged forced labour finding against disposable gloves produced in […]
Top Glove honoured at Prime Minister’s Hibiscus Award
KUALA LUMPUR: Top Glove Corporation Bhd has garnered Notable Achievement in Environmental Performance at the prestigious Prime Minister’s Hibiscus Award 2019/2020. The Prime Minister’s Hibiscus Award 2019/2020 recognition was for one of Top Glove’s factories, F12, which was certified with ISO 14001:2015 that specify requirements for effective environmental management system, in 2019. Currently seven Top […]
Top Glove’s R&D arm ranks second highest among Malaysian patent applicants in 2020
KUALA LUMPUR: Top Glove Corporation Bhd’s research and development (R&D) arm, Top Glove International Sdn Bhd, has been ranked the second-highest Malaysian patent applicant for 2020 by the Intellectual Property Corporation of Malaysia (MyIPO). It said although patent filings had traditionally been dominated by universities, Top Glove International’s achievement reflected the trend of increasing industry-based […]
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 […]
Top Glove FY21F to be impacted by suspension of operation
KUALA LUMPUR: CGS-CIMB estimated that Top Glove Corporation Bhd’s (Top Glove) financial year 2021 net profit forecast (FY21F) will be negatively impacted if its manufacturing facilities in Meru, Klang does not resume full operations in two weeks. Yesterday, the world’s biggest rubber glove manufacturer had announced the temporary suspension of its manufacturing facilities in Klang […]
Top Glove shares rise on DJSI inclusion, cancellation of windfall tax plan
KUALA LUMPUR: Shares of the world’s largest glove manufacturer, Top Glove Corporation, rose in early trade following its listing on the Dow Jones Sustainability Indices (DJSI) under the Emerging Markets (EM) category. It is the sole Malaysian company to be listed on the 2020 DJSI for EM. As of lunch break, Top Glove rose 10 […]
Top Glove reaches out to US CBP over detention order on disposable gloves
KUALA LUMPUR: Top Glove Corporation Bhd (Top Glove) said the US Customs and Border Protection (CBP) have placed a detention order effective yesterday on disposable gloves manufactured by two of its subsidiaries, Top Glove Sdn Bhd and TG Medical Sdn Bhd. It is reaching out to the CBP for a better understanding and speedy resolution […]
Top Glove’s profit up on nitrile glove sales
KUALA LUMPUR: Top Glove Corporation Bhd, the world’s largest maker of rubber gloves, posted a 1.2 percent year-onyear (y-o-y) growth in net profit to RM111.43 million for the first quarter ended Nov 30, 2019, on higher contribution from nitrile gloves following a capacity expansion in that segment. However, the better performance of the nitrile glove […]
