Price Target (TOPGLOV): Top Glove Corp - Demand to remain robust post-Covid-19 Company report

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1 comment(s). Last comment by mf 2020-11-12 15:53

mf

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Posted by mf > 2020-11-12 15:53 | Report Abuse

We maintain our HOLD recommendation for Top Glove with a lower fair value of RM7.88 (previously RM8.40). Our valuation is based on the rolled-over CY22 EPS over its 5- year average PER of 28x. We make no changes to our FY21– FY23 net profit forecasts.

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