0205 GMT - Top Glove's fiscal 3Q net profit could rise sharply on margin expansion from lower-cost pre-war inventory, cheaper nitrile latex supplies and higher average selling prices, Maybank IB analyst Wong Wei Sum says in a note. She tips 3Q net profit at 60 million ringgit to 80 million ringgit, roughly double the amount from 2Q. However, she expects the earnings windfall to be short-lived, as glove prices ease and energy costs rise. Maybank downgrades its rating for Top Glove to sell from hold, as current valuations appear to price in peak earnings and view any post-results share price strength as a profit-taking opportunity. It raises its target price to 0.65 ringgit from 0.62 ringgit. Shares are 1.2% higher at 0.84 ringgit. (yingxian.wong@wsj.com)

(END) Dow Jones Newswires

June 09, 2026 22:05 ET (02:05 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.