Top Glove Faces Heightened Competition From Expanding China Capacity -- Market Talk

Dow Jones

2025/10/10

0223 GMT - Top Glove may continue to face stiff competition as Chinese glove makers expand into Southeast Asia and adopt aggressive pricing strategies to regain U.S. market share, Maybank IB analyst Wong Wei Sum says in a note. Competition is expected to intensify with new Chinese capacity coming online from November, but should begin to stabilize by FY 2027 as the additional supply is absorbed, she says. Management targets 20%-30% sales volume growth in FY 2026 and expects margins to improve further as plant utilization reaches 80%-90%. Maybank maintains a sell rating on Top Glove and keeps its target price at MYR0.61. Shares are 3.7% higher at MYR0.70.(yingxian.wong@wsj.com)

(END) Dow Jones Newswires

October 09, 2025 22:23 ET (02:23 GMT)

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Competition is expected to intensify with new Chinese capacity coming online from November, but should begin to stabilize by FY 2027 as the additional supply is absorbed, she says. Management targets 20%-30% sales volume growth in FY 2026 and expects margins to improve further as plant utilization reaches 80%-90%. Maybank maintains a sell rating on <a href=\"https://laohu8.com/S/TPGVF\">Top Glove</a> and keeps its target price at MYR0.61. 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Competition is expected to intensify with new Chinese capacity coming online from November, but should begin to stabilize by FY 2027 as the additional supply is absorbed, she says. Management targets 20%-30% sales volume growth in FY 2026 and expects margins to improve further as plant utilization reaches 80%-90%. Maybank maintains a sell rating on <a href=\"https://laohu8.com/S/TPGVF\">Top Glove</a> and keeps its target price at MYR0.61. Shares are 3.7% higher at MYR0.70.(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  October 09, 2025 22:23 ET (02:23 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BVA.SI","symbol_name":"頂級手套有限公司","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2574117635","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2574117635","pubTimestamp":1760062980,"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":"0223 GMT - Top Glove may continue to face stiff competition as Chinese glove makers expand into Southeast Asia and adopt aggressive pricing strategies to regain U.S. market share, Maybank IB analyst Wong Wei Sum says in a note. Competition is expected to intensify with new Chinese capacity coming online from November, but should begin to stabilize by FY 2027 as the additional supply is absorbed, she says. Management targets 20%-30% sales volume growth in FY 2026 and expects margins to improve further as plant utilization reaches 80%-90%. Maybank maintains a sell rating on Top Glove and keeps its target price at MYR0.61. Shares are 3.7% higher at MYR0.70.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BVA.SI":"顶级手套有限公司","BK6511":"医疗保健服务概念","BK6103":"医疗保健用品"},"translate_title":"顶级手套面临中国产能扩张带来的激烈竞争——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BVA.SI":1.5},"content_text":"0223 GMT - Top Glove may continue to face stiff competition as Chinese glove makers expand into Southeast Asia and adopt aggressive pricing strategies to regain U.S. market share, Maybank IB analyst Wong Wei Sum says in a note. Competition is expected to intensify with new Chinese capacity coming online from November, but should begin to stabilize by FY 2027 as the additional supply is absorbed, she says. Management targets 20%-30% sales volume growth in FY 2026 and expects margins to improve further as plant utilization reaches 80%-90%. Maybank maintains a sell rating on Top Glove and keeps its target price at MYR0.61. Shares are 3.7% higher at MYR0.70.(yingxian.wong@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 09, 2025 22:23 ET (02:23 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}