Worst is likely over for Top Glove: analyst | Manufacturing Asia
, Singapore
/Top Glove Media Kit

Worst is likely over for Top Glove: analyst

CGS-CIMB said the manufacturer will soon experience a rise in sales volume.

SGX-listed Top Glove may soon improve its financial performance following increases in sales volume and average selling prices, said CGS-CIMB.

In a statement, the broker said the manufacturer continues to report quarterly losses due to weak operating situations for the glove industry but it will likely be over.

In its current financial statement, Top Glove posted $164.6m net loss but it plans to improve its situation through its long-term plans. 

The Malaysian manufacturer attributed losses to lower-than-average average selling prices and was aggravated by higher operating costs.

Follow the link for more news on

Join Manufacturing Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!