Extraordinary demand had ended, revenue normalized, but expenses still high...

$Top Glove(BVA.SG)$ sgd 0.215. It is time to reduce the expenses. If covid-driven scaled-up production and its related cost is not permanent, we are safe, else it will be very bad. This is in consideration of the current challenges, i.e., over-supply, increased competition, raw material price hike (e.g., latex, crude oil), minimum wage increase in Malaysia in 2022, and others.

1. The Business Times: Top Glove sinks into red with RM52.6m loss as orders slow, costs escalate (https://www.businesstimes.com.sg/companies-markets/top-glove-sinks-into-red-with-rm526m-loss-as-orders-slow-costs-escalate)