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Top Glove Q3 profit slides 31% to RM34.7 million despite higher revenue
The company puts this down to lower average selling prices and stiffer competition, but has a brighter outlook for the longer term
[SINGAPORE] Malaysian glove maker Top Glove : BVA 0% on Thursday (Jun 26) posted a net profit of RM34.7 million (S$10.5 million) for its third quarter ended May, 31 per cent down from a profit of RM50.7 million in the previous corresponding period.
This translated to a lower earnings-per-share of 0.43 sen, down from 0.63 sen in Q3 of FY2024.
The decline in its bottom line came despite the group recording top-line growth for the period, with revenue up 30 per cent at RM830.3 million, from RM636.9 million in the year-ago period.
Q3&rsquo s higher revenue was driven by a 45 per cent year-on-year rise in sales volume, Top Glove said. The quarter&rsquo s profit after tax and minority interest stood at RM35 million, moderating 31 per cent from RM51 million in Q3 FY2024. The group attributed this fall to increased competition and the weakening of the greenback against the ringgit.
Operating expenses for Q3 rose to RM821.9 million from RM671 million in the year-ago quarter, and finance costs went up to RM9.6 million from RM1.8 million.
The quarter&rsquo s earnings before interest, taxes, depreciation and amortisation fell 10 per cent on the year to RM117 million from RM130 million.
For the first nine months of FY2025, Top Glove posted sales revenue of RM2.6 billion, a 55 per cent increase on the year, boosted by a 65 per cent growth in sales volume.
Lim Cheong Guan, managing director of Top Glove, said: &ldquo Our Q3 FY2025 performance was impacted by pronounced headwinds, chiefly lower average selling prices, heightened competition, coupled with cost savings pass-through.&rdquo
Despite the headwinds, he maintained that the long-term outlook remains &ldquo promising&rdquo as gloves are an essential item in multiple sectors, with global demand expected to be sustained.
While evolving tariff actions and trade dynamics could limit near-term visibility, Top Glove said that it is &ldquo well-placed&rdquo to mitigate supply-chain risks and country-specific export risks because its customer base spans 195 countries. It has manufacturing facilities in Malaysia, Thailand and Vietnam.
Top Glove has a primary listing on the mainboard of the Bursa Malaysia Stock Exchange and a secondary listing on the mainboard of Singapore Exchange.
wonder wen will they stop the xcuses...?
stil not bored to repeat the story - outlook going to b brighter blah blah..
was same same storyline quarters even b4 trump liberate u.s.a with his big beautiful worldwide war 4 tariffs..
the performance of the share price is telling..
https://www.businesstimes.com.sg/companies-markets/top-glove-q3-profit-slides-31-rm34-7-million-despite-higher-revenue
stil not bored to repeat the story - outlook going to b brighter blah blah..
was same same storyline quarters even b4 trump liberate u.s.a with his big beautiful worldwide war 4 tariffs..
the performance of the share price is telling..
https://www.businesstimes.com.sg/companies-markets/top-glove-q3-profit-slides-31-rm34-7-million-despite-higher-revenue
Last Friday bought at the lowest point 21.5c, make a bit of profit now
Hope this Q result around 30 million profit and slowly move up
Will kept for around 1 year and sell to buy Malaysia property
Hope this Q result around 30 million profit and slowly move up
Will kept for around 1 year and sell to buy Malaysia property
Francisgohyc ( Date: 23-Jun-2025 12:20) Posted:
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Buy 15 lot at 21.5 and 15 lot 22
Hope this is the lowest point to enter
Hope this is the lowest point to enter
Francisgohyc ( Date: 12-Jun-2025 14:32) Posted:
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I have in and out 3 times and make profit
This round I am stuck with it, maybe have to wait for 6 months to recover my loss
I cant understand that it is still making profit and can come to such low level 24.5 to 26 cents
This round I am stuck with it, maybe have to wait for 6 months to recover my loss
I cant understand that it is still making profit and can come to such low level 24.5 to 26 cents
oli007 ( Date: 10-Jun-2025 16:06) Posted:
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Good Morning
Thank for the info, if the data is correct
If will raise to 30 cents soon, waiting for the Q result to release on 26-6-25
Thank for the info, if the data is correct
If will raise to 30 cents soon, waiting for the Q result to release on 26-6-25
oli007 ( Date: 10-Jun-2025 16:06) Posted:
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In latest analysts briefing session TOPGLOV management already provided following information for the coming quarterly result which going to announce in next 2 weeks time:
1. Sales Revenue increased 10% to 15% QoQ.
2. Increased ASP price in US market at least USD 22. (Kossan already recorded ASP price USD 24 per 1000 pieces of gloves.
3. Production utilization rate reached 65%.
Stay tuned for the good results 👌
1. Sales Revenue increased 10% to 15% QoQ.
2. Increased ASP price in US market at least USD 22. (Kossan already recorded ASP price USD 24 per 1000 pieces of gloves.
3. Production utilization rate reached 65%.
Stay tuned for the good results 👌
Thank 26-6-25 Q result out & will buy another 20 lot by 24-6-25, profit will drop compare with last Q
But the share price dives to this level 24.5 to 26 cent, it should have factor in
Another Q the share price will increase
But the share price dives to this level 24.5 to 26 cent, it should have factor in
Another Q the share price will increase
oli007 ( Date: 10-Jun-2025 14:17) Posted:
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TG qr out on 26 june 2025
Francisgohyc ( Date: 10-Jun-2025 12:23) Posted:
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Coming up liao, Hartalega up 11 cents with high volume
Francisgohyc ( Date: 30-May-2025 11:12) Posted:
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Price down too long, going up soon ( rebounce )
Francisgohyc ( Date: 28-May-2025 10:01) Posted:
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When is the next Q result release ? Any guru know it
Stay flat for quite sometime, it is bottom at this range 24.5-26 cents
Stay flat for quite sometime, it is bottom at this range 24.5-26 cents
Top Glove was founded in 1991 and has a history of 34 years. The brand is recognized by the world. It has a certain position in the world market and is very cost-effective. With the current COVID-19 and influenza epidemics, sales will be further improved.
Prior to Liberation Day (tariff day), US has already imposed like 100% tariff on China gloves, PPE etc.
See the last spike up for Top Glove, and Medtecs (few months back).
Check it out.
So the current Liberation Day tariffs has no impact on gloves, PPE.
Along your line of thinking.
See the last spike up for Top Glove, and Medtecs (few months back).
Check it out.
So the current Liberation Day tariffs has no impact on gloves, PPE.
Along your line of thinking.
Francisgohyc ( Date: 22-May-2025 11:34) Posted:
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Don' t understand why, China glove can ship to USA?
This is the only reason I can think of, any guru know why ?
Just now drop to 24 but now 25, hope it don' t drop further
This is the only reason I can think of, any guru know why ?
Just now drop to 24 but now 25, hope it don' t drop further
piscesmonkey ( Date: 22-May-2025 09:25) Posted:
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Malaysia topglove keep going down.
Bought 10 lot at 25.5, hope it will raise by next few week
Francisgohyc ( Date: 21-May-2025 09:06) Posted:
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Golden cross should be clear 260 soon. Covid surge on china taiwan bangkok singapore vietnam. Got peoples death
Q 10 Lot at 25, slowly accumlate
Covid-19 returns: 257 cases reported, 2 dead in Mumbai here?s how to identify symptoms of JN.1 variant
The department reported 33,030 Covid-19 cases from May 11-17, double the number of more than 16,000 in the previous week.
Of those, 1,918 were hospitalised, while two were reported dead from the disease in Sukhothai and Kanchanaburi.
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