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2023-10-09 18:45 | Report Abuse
KUALA LUMPUR: Top Glove Corporation Bhd expects to turn profitable by financial year 2025 (FY25) on the back of improved utilisation rate.
Executive chairman Tan Sri Dr Lim Wee Chai said the company's total utilisation rate currently stands at 30 per cent based on 95 billion total capacity.
"The utilisation rate for Top Glove is about 30 per cent for the past six months based on the 95 billion total capacity and we think the glove market is improving. "At current 30 per cent, we already see improvement in our earnings before interest, taxes, depreciation and amortisation (Ebitda).
"So give us another 10-20 per cent to reach 50 per cent (utilisation rate) then we will be profitable. Maybe that would take another six to 12 months. "By FY25, we will be making profit," he said during the Top Glove's results briefing for the fourth quarter (Q4) of FY23.
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2023-10-09 16:19 | Report Abuse
UOB KAY HIAN (SEPT 21): The return to full capacity is on the horizon as the group anticipates the full reactivation of all grounded aircraft by end-2023. We had earlier factored full capacity by 4Q23 into our projections. The group had only reactivated a total of 166 aircraft as at end-2Q23, bringing seat capacity to 78% of 2019 levels.
We believe that Capital A is poised to deliver its first post-pandemic quarterly earnings in 4Q23, underpinned by the fully reinstated capacity, coupled with an elevated airfare environment despite potentially higher fuel costs (up by about 32% since end-June 2023) amid the rise in crude oil prices lately. The increase will be passed on to customers via fuel surcharges and higher airfares (averaged RM205 in 2Q23 versus RM178 in 2Q19), therefore mitigating margin compressions.
The finalisation of the PN17 regularisation plan is still underway, scheduled to be submitted in 3Q23 and executed in 4Q23. As it needs to record two profitable quarterly earnings consecutively, we estimate that the group will exit PN17 status earliest by 3Q24. Maintain “hold” with a higher target price of 88 sen from 85 sen previously.
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2023-10-09 14:00 | Report Abuse
3.) Actor with Burung Gagak Mulut :
soon9913
2011 member play double head 🐍 Wayang in Jaks forum with
>> It's Compounding
everydaysfri | Joined since 2011-05-07
One head is Positive, One head is Negative.
👉 Id : everydaysfri can changed his Name It’s Compounding to others Name .. Beware ..
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Stock: [TOPGLOV]: TOP GLOVE CORPORATION BHD
2023-10-09 20:10 |
Post removed.Why?