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2017-12-20 09:12 | Report Abuse
stock price not to drop a bit. it follow history 13 october when qr out, price from 6.01 up to high 6.45, now next qr price 7.48 high 7.83.
With next qr on march, price top glove expected to rm 9.30 include after little bit profit taking
2017-12-20 08:45 | Report Abuse
target price 0.580
2017-12-20 07:30 | Report Abuse
TA Securities has Buy call with target price of MYR8.60 for Kossan, but tips take profit on other three stocks.
2017-12-20 07:26 | Report Abuse
KUALA LUMPUR (Dec 20): CIMB IB Research has maintained its “Add” rating on Top Glove Corporation Bhd at RM6.94 with a higher target price (TP) of RM7.92 (from RM6.90) and said Top Glove’s 1QFY8/18 core net profit of RM101 million was above expectations, at 26% of house and consensus’ FY18 estimates.
In a note Dec 19, the research house said while revenue rose 19.4% year-on-year (y-o-y), 1QFY18 core net profit grew 37.7% y-o-y due to: i) higher sales volume, ii) better cost efficiencies, and iii) greater economies of scale.
“Top Glove is confident of raising its ASPs further to pass on the impact of the stronger ringgit versus US$, as well as the upcoming increase in gas prices effective Jan 1, 2018.
“The acquisition of Aspion Sdn Bhd for RM1.3 billion-1.4 billion should be completed by Feb 2018, and turn Top Glove into the world’s largest surgical glove producer by capacity.
“Maintain Add, with a higher TP of RM7.92, based on 21x CY19 P/E (from 19x),” it said.
Stock: [DRBHCOM]: DRB-HICOM BHD
2018-01-05 09:32 | Report Abuse
target price rm 3.20