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