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546 Medtecs Intl
- 0.134
- +0.002+1.52%
10min DelayNot Open Dec 2 17:04 CST
73.02MMarket Cap-2734P/E (TTM)
0.134High0.132Low1.60MVolume0.133Open0.132Pre Close211.50KTurnover0.25552wk High0.33%Turnover Ratio544.91MShares0.12052wk Low-0.049EPS TTM64.52MFloat Cap1.774Historical HighLossP/E (Static)481.46MShs Float0.013Historical Low-0.051EPS LYR1.52%Amplitude--Dividend TTM0.44P/B100Lot Size--Div YieldTTM
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Medtecs Intl Stock Forum
Top Glove Corp Bhd has entered into a joint venture (JV) with US glove importer Tronex (Asia) Ltd, and Polywel International Trade Co Ltd for the production and distribution of high-density polyethylene (HDPE) gloves.
The JV involves Top Quality Glove Sdn Bhd (TQG), a wholly owned subsidiary of Top Glove, that focuses on manufacturing and trading gloves, rubber products, and cast polyethylene products, the group said in a bourse filing on Fri.
Under the agreement, TQG will ho...
Britain has detected two more cases of the new mpox variant clade 1b in household contacts of the first case, the country's health security agency (UKHSA) said on Mon (Nov 4), bringing the total number of confirmed cases to three.
The government agency added that the risk to the population remained low. The clade 1b variant is a new form of the virus that is linked to a global health emergency declared by the World Health Organization in Aug. ...
CIMB Securities Research reiterated its positive outlook on the glove sector, despite its view that the measures announced in Budget 2025 are unfavourable for the industry.
Pending further clarification on these budget measures and company responses, the research house is keeping its earnings forecasts unchanged.
Its stock picks in the sector are Hartalega Holdings Bhd, with a target price (TP) of RM3.12 per share, and Top Glove Corp Bhd, with a TP of RM1.25 per share.
Glove makers to pass on rising costs to customers
...
A pig at an Oregon farm was found to have bird flu, the U.S. Department of Agriculture announced Wednesday. It's the first time the virus has been detected in U.S. swine and raises concerns about bird flu's potential to become a human threat.
The farm was put under quarantine and all five pigs were euthanized so additional testing could be done. It's not a commercial farm, and U.S. agriculture officials said there...
Germany has detected its first case of the new mpox variant, the Robert Koch Institute for public health said on Tue, adding that it viewed the risk to the wider population as low.
Germany identifies its first case of new mpox variant
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Top Glove said that a levy on exports of rubber gloves in place for over two decades is now a "significant burden" for manufacturers.
The world's largest glove maker said the levy was manageable previously though current market conditions make it harder to bear amid volatile raw material prices and exchange rates. Chinese and Thai producers also benefit from their government subsidies and other support, the company noted.
Currently, Malaysian glove manufacturers are subjected...
Top Glove is confident it has sufficient capacity to meet the anticipated surge in US demand for medical gloves following the imposition of higher tariffs on Chinese imports, which are set to take full effect in Jan 2025.
Top Glove is currently operating at around 60% of its total production capacity, which stands at 60 billion gloves per annum, said executive director Ng Yong Lin during the company's results briefing on Thu.
Ng said Top Glove is "well-positioned" to ramp up ...
The 2025 and 2026 net profit margins of Top Glove Corporation Bhd are projected to grow at 39% and 42%, respectively, as a result of higher sales volume and factory utilisation rate, according to Kenanga Investment Bank Bhd (Kenanga Research).
Unsurprisingly, the glove manufacturer recorded a 75.5% revenue surge year-on-year (YoY) in the last quarter of financial year 2023/242 (4QFY23/24), and its ...
Top Glove Corporation Bhd said on Thu that its net losses narrowed sharply as sales surged, and the world's largest glovemaker by capacity also booked gains from land sale.
Net losses for the three months Aug 31 (4QFY2024) was RM3.57 million, compared to RM461.73 million over the same period last year, Top Glove said in an exchange filing. Revenue for the quarter rose 75% year-on-year to RM835.31 m...
Top Glove's operating metrics are seeing visible signs of recovery despite anticipating short-term headwinds due to an unprecedented weakening of the US dollar.
More importantly, the recently revised US tariff hike on medical gloves from China is poised to catalyse meaningful flowback of demand to Malaysian glove makers, said UOB Kay Hian (UOBKH) Research.
It remains optimistic on Top Glove's prospects over a medium-term horiz...
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