Topglov Earnings Analysis
Top Glove's third-quarter earnings report has been released, and this time it went from loss to profit.
Mainly because of some one-time additional income,
For example, land sales and foreign exchange transactions made quite a bit of money, amounting to RM89 million.
Although this makes the short-term financial situation look good,
But that doesn't mean that the company's main business will continue to make money.
In terms of cost, the prices of natural rubber and nitrile rubber have risen.
There was an increase of 20% and 16%, respectively, which increased production costs.
Despite the increase in costs, sales of gloves are still better than in the same period last year.
Top Glove also announced that their natural rubber gloves will be in
In July 2024, it will meet EU medical device standards and begin shipping.
This should help them be more competitive in the market and open up new channels.
If those one-time revenues are removed, the company will actually still lose money.
The main business is still slowly recovering, and ASP has improved
The US plans to raise tariffs on Chinese gloves in 2026.
Trust global glove vendors, including Top Glove
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生财有道致力于全方位成长投资。邱天雄老师曾是上市公司主要媒体的CEO领导，拥有超过20年的投资经验。主要投资美国，中国和大马。
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發103484366發 : Overall, it's still an improvement over the previous quarter. Although the main profit this time came from additional revenue, it really helped improve the company's financial situation.
BeContented : It still far away from $2