Top Glove Earnings Likely to Normalize After Having Peaked -- Market Talk

Dow Jones

Jun 19

0124 GMT - Top Glove's windfall earnings likely peaked in fiscal 3Q and are expected to trend toward more normal levels ahead, says CIMB Securities analyst Chun Sung Oong in a note. Oong attributes this to the easing of average selling prices from the peak levels of US$26-US$28 per 1,000 pieces since June. Profitability could moderate as selling prices come down and higher raw material costs filter through results, he says. A weaker pricing environment may cause customers to delay purchases as buyers anticipate further price declines, he adds. CIMB downgrades Top Glove's rating to reduce from hold on expectation of softer earnings and maintains a target price of 0.63 ringgit. Shares are 1.4% higher at 0.73 ringgit. (yingxian.wong@wsj.com)

(END) Dow Jones Newswires

June 18, 2026 21:24 ET (01:24 GMT)

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Oong attributes this to the easing of average selling prices from the peak levels of US$26-US$28 per 1,000 pieces since June. Profitability could moderate as selling prices come down and higher raw material costs filter through results, he says. A weaker pricing environment may cause customers to delay purchases as buyers anticipate further price declines, he adds. CIMB downgrades <a href=\"https://laohu8.com/S/TPGVF\">Top Glove</a>'s rating to reduce from hold on expectation of softer earnings and maintains a target price of 0.63 ringgit. Shares are 1.4% higher at 0.73 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  June 18, 2026 21:24 ET (01:24 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 to Normalize After Having Peaked -- 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 to Normalize After Having Peaked -- 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\">2026-06-19 09:24</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0124 GMT - <a href=\"https://laohu8.com/S/TGLVY\">Top Glove</a>'s windfall earnings likely peaked in fiscal 3Q and are expected to trend toward more normal levels ahead, says CIMB Securities analyst Chun Sung Oong in a note. Oong attributes this to the easing of average selling prices from the peak levels of US$26-US$28 per 1,000 pieces since June. Profitability could moderate as selling prices come down and higher raw material costs filter through results, he says. A weaker pricing environment may cause customers to delay purchases as buyers anticipate further price declines, he adds. CIMB downgrades <a href=\"https://laohu8.com/S/TPGVF\">Top Glove</a>'s rating to reduce from hold on expectation of softer earnings and maintains a target price of 0.63 ringgit. Shares are 1.4% higher at 0.73 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  June 18, 2026 21:24 ET (01:24 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":"2644103773","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2644103773","pubTimestamp":1781832240,"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":"0124 GMT - Top Glove's windfall earnings likely peaked in fiscal 3Q and are expected to trend toward more normal levels ahead, says CIMB Securities analyst Chun Sung Oong in a note. Oong attributes this to the easing of average selling prices from the peak levels of US$26-US$28 per 1,000 pieces since June. Profitability could moderate as selling prices come down and higher raw material costs filter through results, he says. A weaker pricing environment may cause customers to delay purchases as buyers anticipate further price declines, he adds. CIMB downgrades Top Glove's rating to reduce from hold on expectation of softer earnings and maintains a target price of 0.63 ringgit. Shares are 1.4% higher at 0.73 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":"顶级手套盈利在见顶后可能会正常化——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BVA.SI":1.5},"content_text":"0124 GMT - Top Glove's windfall earnings likely peaked in fiscal 3Q and are expected to trend toward more normal levels ahead, says CIMB Securities analyst Chun Sung Oong in a note. Oong attributes this to the easing of average selling prices from the peak levels of US$26-US$28 per 1,000 pieces since June. Profitability could moderate as selling prices come down and higher raw material costs filter through results, he says. A weaker pricing environment may cause customers to delay purchases as buyers anticipate further price declines, he adds. CIMB downgrades Top Glove's rating to reduce from hold on expectation of softer earnings and maintains a target price of 0.63 ringgit. Shares are 1.4% higher at 0.73 ringgit. (yingxian.wong@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 18, 2026 21:24 ET (01:24 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":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}