Top Glove Positive Profit After Tax for the Third Quarter ended 31 May 2024 (3QFY2024)

Nonetheless, the demand for gloves from the customers to replenish their inventories has contributed positively to the revenue of the group. Besides, the imposition of steeply increased tariffs on China medical gloves from 7% to 25% by the U.S. government in 2026 is believed to have a positive impact on the glove counters.

Personal Opinion
-The glove sector has gradually recovered from the post-pandemic of Covid-19。
-Top Glove has declared optimum dividends except for FY2023 which may be seen as a medical-glove investment preference stock.
-With the growing glove demand around the world, the Average Selling Price (ASP) is rising and expected to rise further if the trend continues or any outbreak of diseases.

How do you see Top Glove for its current Q3 result?

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By: Jshen Ng