KUALA LUMPUR, March 17 — Analysts are lowering their earnings forecasts for Top Glove Corporation Bhd after the world’s biggest glove manufacturer reported lower-than-expected results for the second quarter ended February 28, 2023 .
The research house has raised its blended ASPs for FY2023-FY2025 from US$18.3-US$20 per 1,000 pieces to US$19.5-US$21.7 per 1,000 pieces. The research house also said with a net loss expected in FY2023, it did not anticipate a dividend payout in FY2023. “We now expect FY2023 net loss to expand to RM507 million , continuing into FY2024 with a RM154 million loss,” it said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: