Top Glove Earnings Likely Weaker in 3Q on Delayed Price Hikes -- Market Talk

Dow Jones

Mar 19

0129 GMT - Top Glove is expected to see its core net profit weaken on-quarter in fiscal 3Q, as average selling price hikes only take effect in April while higher input costs are felt earlier, CIMB Securities analyst Chun Sung Oong says in a note. He notes that the glove maker has begun issuing price increase notices to offset rising synthetic rubber costs and a weaker ringgit, with planned hikes of $7-$9 per 1,000 pieces. Some customers may temporarily switch to cheaper natural latex gloves, he adds. CIMB cuts Top Glove's target price to 0.63 ringgit from 0.68 ringgit, while maintaining a hold rating on the stock, as its current valuation has largely priced in a potential earnings recovery. Shares are 0.9% lower at 0.57 ringgit. (yingxian.wong@wsj.com)

(END) Dow Jones Newswires

March 18, 2026 21:29 ET (01:29 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers HK | Online Trading in stocks, bonds & ETFS","description":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","keywords":"tiger trading,tiger security,tiger broker hk,tigers co ltd,tiger trade hk,tiger brokers hk,stock broker,securities broker,online brokerage,hong kong broker,hk broker,online stock trading,online trading platform,stock trading platforms,trading application,stock trading,stock trading hong kong,buying stocks in hong kong,tiger brokers","social":{"ogDescription":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.gotigerhk.com/news/2620070294"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"HKG","license":"TBHK","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2620070294\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2620070294?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-03-19 09:29","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2620070294","market":"hk","top_or_hot":-1,"title":"Top Glove Earnings Likely Weaker in 3Q on Delayed Price Hikes -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0129 GMT - <a href=\"https://laohu8.com/S/TGLVY\">Top Glove</a> is expected to see its core net profit weaken on-quarter in fiscal 3Q, as average selling price hikes only take effect in April while higher input costs are felt earlier, CIMB Securities analyst Chun Sung Oong says in a note. He notes that the glove maker has begun issuing price increase notices to offset rising synthetic rubber costs and a weaker ringgit, with planned hikes of $7-$9 per 1,000 pieces. Some customers may temporarily switch to cheaper natural latex gloves, he adds. CIMB cuts <a href=\"https://laohu8.com/S/TPGVF\">Top Glove</a>'s target price to 0.63 ringgit from 0.68 ringgit, while maintaining a hold rating on the stock, as its current valuation has largely priced in a potential earnings recovery. Shares are 0.9% lower at 0.57 ringgit. (yingxian.wong@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 18, 2026 21:29 ET (01:29 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Top Glove Earnings Likely Weaker in 3Q on Delayed Price Hikes -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTop Glove Earnings Likely Weaker in 3Q on Delayed Price Hikes -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-03-19 09:29</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0129 GMT - <a href=\"https://laohu8.com/S/TGLVY\">Top Glove</a> is expected to see its core net profit weaken on-quarter in fiscal 3Q, as average selling price hikes only take effect in April while higher input costs are felt earlier, CIMB Securities analyst Chun Sung Oong says in a note. He notes that the glove maker has begun issuing price increase notices to offset rising synthetic rubber costs and a weaker ringgit, with planned hikes of $7-$9 per 1,000 pieces. Some customers may temporarily switch to cheaper natural latex gloves, he adds. CIMB cuts <a href=\"https://laohu8.com/S/TPGVF\">Top Glove</a>'s target price to 0.63 ringgit from 0.68 ringgit, while maintaining a hold rating on the stock, as its current valuation has largely priced in a potential earnings recovery. Shares are 0.9% lower at 0.57 ringgit. (yingxian.wong@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 18, 2026 21:29 ET (01:29 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BVA.SI","symbol_name":"顶级手套有限公司","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2620070294","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2620070294","pubTimestamp":1773883740,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0129 GMT - Top Glove is expected to see its core net profit weaken on-quarter in fiscal 3Q, as average selling price hikes only take effect in April while higher input costs are felt earlier, CIMB Securities analyst Chun Sung Oong says in a note. He notes that the glove maker has begun issuing price increase notices to offset rising synthetic rubber costs and a weaker ringgit, with planned hikes of $7-$9 per 1,000 pieces. Some customers may temporarily switch to cheaper natural latex gloves, he adds. CIMB cuts Top Glove's target price to 0.63 ringgit from 0.68 ringgit, while maintaining a hold rating on the stock, as its current valuation has largely priced in a potential earnings recovery. Shares are 0.9% lower at 0.57 ringgit. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"BVA.SI":"顶级手套有限公司"},"translate_title":"由于提价延迟，顶级手套第三季度盈利可能会疲软——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BVA.SI":1.5},"content_text":"0129 GMT - Top Glove is expected to see its core net profit weaken on-quarter in fiscal 3Q, as average selling price hikes only take effect in April while higher input costs are felt earlier, CIMB Securities analyst Chun Sung Oong says in a note. He notes that the glove maker has begun issuing price increase notices to offset rising synthetic rubber costs and a weaker ringgit, with planned hikes of $7-$9 per 1,000 pieces. Some customers may temporarily switch to cheaper natural latex gloves, he adds. CIMB cuts Top Glove's target price to 0.63 ringgit from 0.68 ringgit, while maintaining a hold rating on the stock, as its current valuation has largely priced in a potential earnings recovery. Shares are 0.9% lower at 0.57 ringgit. (yingxian.wong@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 18, 2026 21:29 ET (01:29 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}