Top Glove anticipates strong rebound in 2Q

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PETALING JAYA: Top Glove Corp Bhd is optimistic of a strong sequential rebound in earnings recovery for the second quarter of financial year 2025 (2Q25), says Kenanga Research.

Kenanga Research noted Top Glove has highlighted that its exports to the US are continuing to show improvement, which rose 21% quarter-on-quarter in 1Q25.

It noted that overcapacity will continue to subside moving into 2026 with the fall in excess capacity by 35% to 72 billion pieces from 264 billion pieces in 2023 is a key thesis to change to the fundamental improvement in supply-demand dynamics.

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Category: EconomyBusiness

Markets: Malaysia

Topics: /Business/Business News Top Glove Gloves Analyst Reports Kenanga Profit

Source Website Secure: Yes (HTTPS)

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-08 @ 11:50:00 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

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