Key Indices
Top Stories
Company Results | Top Glove Corporation (TOPG MK/HOLD/RM0.875/Target: RM0.85)
- TOPG’s earnings grew meaningfully in 4QFY26, as profitability expanded on steep ASP revision to buffer spiking raw material costs due to earlier Middle East tensions. Nevertheless, we anticipate a gradual normalisation of ASP and profitability in coming quarters, in tandem with easing raw material prices. Overall, FY27 should see improving volume sales and better efficiency which provide commendable earnings growth, but the sector’s profitability remains under pressure due to competition from China. Maintain HOLD with a higher target price of RM0.85.
Market Spotlight
- The FBMKLCI extended its gains yesterday, closing 1.60pt higher to close at 1,633.35.
- US stocks were higher after the close on Tuesday, as gains in the utilities, consumer services and industrials sectors led shares higher.
Tehnical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
3Ren | 3REN MK
- Trading Buy Range: RM0.41-0.415
Comfort Gloves | CG MK
- Trading Buy Range: RM0.17-0.175
Hartalega Holdings | HART MK
- Trading Buy Range: RM1.10-1.12
Top Stories
Company Results | Top Glove Corporation (TOPG MK/HOLD/RM0.875/Target: RM0.85)
- TOPG’s earnings grew meaningfully in 4QFY26, as profitability expanded on steep ASP revision to buffer spiking raw material costs due to earlier Middle East tensions. Nevertheless, we anticipate a gradual normalisation of ASP and profitability in coming quarters, in tandem with easing raw material prices. Overall, FY27 should see improving volume sales and better efficiency which provide commendable earnings growth, but the sector’s profitability remains under pressure due to competition from China. Maintain HOLD with a higher target price of RM0.85.
Market Spotlight
- The FBMKLCI extended its gains yesterday, closing 1.60pt higher to close at 1,633.35.
- US stocks were higher after the close on Tuesday, as gains in the utilities, consumer services and industrials sectors led shares higher.
Tehnical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
3Ren | 3REN MK
- Trading Buy Range: RM0.41-0.415
Comfort Gloves | CG MK
- Trading Buy Range: RM0.17-0.175
Hartalega Holdings | HART MK
- Trading Buy Range: RM1.10-1.12
Key Indices
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