0142 GMT - Top Glove's sales volume is likely to decline by about 8% sequentially in fiscal 4Q, as buyers delay purchases in anticipation of further price declines, TA Securities analyst Tan Kong Jin says in a note. Nitrile butadiene rubber latex prices are expected to fall by about 38% in 2H, causing blended average selling prices to decline by between 6% and 10%, he reckons. Despite the near-term pressure on prices, the company plans to increase its effective production capacity to 72 billion gloves by the end of the current fiscal from 64 billion in FY 2025. TA Securities maintains a sell rating on Top Glove and maintains the target price at 0.65 ringgit. Shares are unchanged at 0.72 ringgit. (yingxian.wong@wsj.com)

(END) Dow Jones Newswires

June 18, 2026 21:42 ET (01:42 GMT)

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