Stay updated with breaking news from Wong Wei Sum. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Tambun Indah Land Bhd was the second biggest loser on Bursa Malaysia in Tuesday (Feb 14) morning trade, shedding as much as 11 sen or 11.58%, after it announced that its net profit for the fourth quarter ended Dec 31, 2022 (4QFY2022) fell by 57.44% from a year ago.
KUALA LUMPUR (Sept 19): Top Glove Corp Bhd slipped below 70 sen on Monday (Sept 19), falling as much as 7 sen or 9.15% to 69.5 sen — its lowest since more than five years ago — ahead of its fourth quarter (4QFY22) and full-year (FY22) results on Tuesday (Sept 20).
KUALA LUMPUR, July 13 – Top Glove Corporation Berhad's plunging profits, by more than 99 per cent, could affect Malaysia’s position as the dominant global rubber glove...
For a moment, Tan Sri Dr Lim Wee Chai’s ascent looked unstoppable. His Top Glove Corp Bhd grew bigger than Malaysia’s banks, telecommunications firms and even the state-owned electricity company during the Covid-19 pandemic. Its share price soared 450% through the first seven months of 2020, leaving high-flyers like Moderna Inc, Zoom Video Communications Inc, Peloton Interactive Inc and Carvana Co in the dust and making Lim a billionaire several times over.
KUALA LUMPUR (July 2): Maybank Investment Bank Bhd (Maybank IB) said today the best is over for the Malaysian rubber glove manufacturing sector as average selling prices (ASPs) had peaked in the first half of 2021 (1H21) amid moderating demand for gloves on rising Covid-19 vaccination rates. Maybank IB analyst Wong Wei Sum wrote in a note today that the glove sector’s earnings upcycle seems to have been cut short in anticipation of a faster-than-expected decline in glove ASPs in 2H21. "The glove sector is entering a phase of declining ASP (and hence profit) trend on increased supply and ris...