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2020-10-23 16:20 | Report Abuse
Since CBB bought today, got chance to limit up on Monday?
2020-09-10 17:06 | Report Abuse
At 0.04 buying interest was high too but drop now
2020-09-10 16:39 | Report Abuse
Sabah election can up this counter?
Stock: [TOPGLOV]: TOP GLOVE CORPORATION BHD
2021-01-15 19:07 | Report Abuse
Question by The Edge: Your profit margin stood at 49.9% in the first quarter ended Nov 30, 2020 (1QFY21). Is the current profit margin sustainable?
Answer by Lim: The coming quarters performance will be better due to the reasons below:
1. Additional 10% new capacity
2. Higher nitrile gloves mix by switching some latex capacity, and sufficient NBR (Nitrile Butadiene Rubber) latex
3. Higher ASP which is in line with market prevailing price. ASP for 2Q is expected to be 30% higher from 1QFY21
4. Demand continue to increase, underpinned by in both healthcare and hygiene awareness
Q: Has there been any indication from the US Customs and Border Protection on when it will revoke the import ban on the company's two subsidiaries? Will sales to the North American market continue to slip in 2QFY21? (1QFY21 dropped 2% on-year)
A: We continue to actively engage with the US Customs and Border Protection towards the expeditious upliftment of the Withhold Release Order (WRO), for which it is making good progress. The sales drop to North America was also due to shortage of NBR supply and also the EMCO (enhanced movement control order); the coming quarter should be higher due to sufficient availability of NBR latex and with new capacity in nitrile.