Top Glove trims Q2 loss to RM51.2 million, aims to return to profit in 2 quarters
TOP Glove Corporation : BVA 0% executive chairman Lim Wee Chai expects the company to return to the black by FY2025, as Malaysian glove-makers continue to close the price gap with competitors in Thailand and China.
Speaking at Top Glove’s second-quarter earnings briefing on Wednesday (Mar 20), Dr Lim noted that Thai and Chinese glove-makers were increasing their glove prices. This has resulted in an overall increase in the average selling prices (ASPs) of the products.
This, in turn, has allowed Top Glove to raise its own prices. It had attempted to do so in the past, but was unable to sustain the move due to its non-Malaysian peers’ low prices.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Blackstone-led consortium eyes snacks business of India’s Haldiram’s: sources
Cordlife shareholders vote to remove 3 directors, including co-founder Ho Choon Hou, from board
Walmart to lay off hundreds of corporate staff and relocate others: WSJ
Haidilao restaurant operator Super Hi targets US$1.38 billion valuation in US IPO
Cordlife to cancel private placement; MOH stresses importance of local directors
GameStop soars as flag bearer ‘Roaring Kitty’ resurfaces, sparks meme stock rally