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Riding on robust demand for gloves

Emelia Tan
Emelia Tan10/2/2020 06:30 AM GMT+08  • 7 min read
Riding on robust demand for gloves
Top Glove has a world market share of 26%
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1. What are some notable developments that Top Glove’s shareholders can look forward to?

As the world’s largest manufacturer of gloves, Top Glove has a world market share of 26%. Besides Malaysia, its manufacturing operations are done out of Thailand, China and Vietnam as well. It has a comprehensive product range, which now includes a non-glove segment comprising condoms, face masks, dental dams and exercise bands.

We believe that global demand for gloves will continue to be robust, growing by c.25% in 2021, especially given the current pandemic. Average Selling Prices (ASP) have also been increasing monthly, along with higher raw material and operating costs. We have since allocated 30% of our total capacity for spot orders and are fully sold for the next three months.

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