The strong global demand for gloves has pushed Maybank IB Research to maintain its “buy” call and target price on Top Glove

At RM9.53 ($3.14), its call price gives the Malaysia-headquartered company a 24% upside from its RM7.76 price on September 14, analyst Lee Yen Ling observes. She adds that the counter is the brokerage’s “top pick” among the glove counters.

Top Glove’s strong performance this year is slated to increase its earnings per share for FY20/21/22E by 5%, 53% and 224% respectively, says Lee. 

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