Top Glove Faces Clouded Outlook Amid China-Led Competition -- Market Talk

Dow Jones

Jun 30, 2025

0122 GMT - Top Glove Corp.'s earnings outlook may remain clouded due to the sector's intensifying competition, particularly from Chinese peers, says Maybank IB analyst Wong Wei Sum in a note. However, the company expects its plant utilization and sales volume to improve in fiscal 4Q, supported by restocking activity as U.S. tariff clarity improves and customer inventories fall, she notes. Following weaker-than-expected 3Q results, Wong cuts its FY2025-2027 earnings forecasts by 19%, 46%, and 52%, respectively. Maybank lowers Top Glove's target price to MYR0.70 from MYR0.73 and maintains a sell rating on the stock. Shares are 2.1% higher at MYR0.74.(yingxian.wong@wsj.com)

(END) Dow Jones Newswires

June 29, 2025 21:22 ET (01:22 GMT)

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However, the company expects its plant utilization and sales volume to improve in fiscal 4Q, supported by restocking activity as U.S. tariff clarity improves and customer inventories fall, she notes. Following weaker-than-expected 3Q results, Wong cuts its FY2025-2027 earnings forecasts by 19%, 46%, and 52%, respectively. Maybank lowers <a href=\"https://laohu8.com/S/TPGVF\">Top Glove</a>'s target price to MYR0.70 from MYR0.73 and maintains a sell rating on the stock. Shares are 2.1% higher at MYR0.74.(yingxian.wong@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 29, 2025 21:22 ET (01:22 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Top Glove Faces Clouded Outlook Amid China-Led Competition -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTop Glove Faces Clouded Outlook Amid China-Led Competition -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-06-30 09:22</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0122 GMT - <a href=\"https://laohu8.com/S/TGLVY\">Top Glove</a> Corp.'s earnings outlook may remain clouded due to the sector's intensifying competition, particularly from Chinese peers, says Maybank IB analyst Wong Wei Sum in a note. However, the company expects its plant utilization and sales volume to improve in fiscal 4Q, supported by restocking activity as U.S. tariff clarity improves and customer inventories fall, she notes. Following weaker-than-expected 3Q results, Wong cuts its FY2025-2027 earnings forecasts by 19%, 46%, and 52%, respectively. Maybank lowers <a href=\"https://laohu8.com/S/TPGVF\">Top Glove</a>'s target price to MYR0.70 from MYR0.73 and maintains a sell rating on the stock. Shares are 2.1% higher at MYR0.74.(yingxian.wong@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 29, 2025 21:22 ET (01:22 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BVA.SI","symbol_name":"顶级手套有限公司","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2547039759","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2547039759","pubTimestamp":1751246520,"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":"0122 GMT - Top Glove Corp.'s earnings outlook may remain clouded due to the sector's intensifying competition, particularly from Chinese peers, says Maybank IB analyst Wong Wei Sum in a note. However, the company expects its plant utilization and sales volume to improve in fiscal 4Q, supported by restocking activity as U.S. tariff clarity improves and customer inventories fall, she notes. Following weaker-than-expected 3Q results, Wong cuts its FY2025-2027 earnings forecasts by 19%, 46%, and 52%, respectively. Maybank lowers Top Glove's target price to MYR0.70 from MYR0.73 and maintains a sell rating on the stock. Shares are 2.1% higher at MYR0.74.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BVA.SI":"顶级手套有限公司"},"translate_title":"在中国主导的竞争中，顶级手套面临阴霾的前景——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BVA.SI":1},"content_text":"0122 GMT - Top Glove Corp.'s earnings outlook may remain clouded due to the sector's intensifying competition, particularly from Chinese peers, says Maybank IB analyst Wong Wei Sum in a note. However, the company expects its plant utilization and sales volume to improve in fiscal 4Q, supported by restocking activity as U.S. tariff clarity improves and customer inventories fall, she notes. Following weaker-than-expected 3Q results, Wong cuts its FY2025-2027 earnings forecasts by 19%, 46%, and 52%, respectively. Maybank lowers Top Glove's target price to MYR0.70 from MYR0.73 and maintains a sell rating on the stock. Shares are 2.1% higher at MYR0.74.(yingxian.wong@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 29, 2025 21:22 ET (01:22 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"}}}