0135 GMT - Top Glove's fiscal 3Q margins are expected to remain stable sequentially as higher nitrile glove prices offset rising input costs, Hong Leong IB analyst Chee Kok Siang says in a note. Profits are likely to improve on stronger revenue, he says, noting that average selling prices began recovering in late March, with further price hikes planned. Sales volumes had dipped as buyers paused purchases, but these have started to normalize since April, he says. Tight nitrile butadiene rubber supply and stricter supplier terms are expected to drive industry consolidation, favoring larger players, he adds. Hong Leong raises the stock's target price to 0.75 ringgit from 0.54 ringgit, and keeps a hold rating. Shares are 0.7% higher at 0.72 ringgit. (yingxian.wong@wsj.com)

(END) Dow Jones Newswires

April 22, 2026 21:35 ET (01:35 GMT)

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