Macquarie Top Glove Target Price

Macquarie research has downgraded its recommendation on top glove corp bhd to underperform from outperform previously and lowered its target price to rm5 45 from rm10 13 prior priced to account for bonus issue. Macquarie raised top glove s target price to rm30 40. It also has five hold calls and one underperform according to bloomberg.

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Macquarie raised top glove s target price to rm30 40.

Macquarie top glove target price. Malaysia gloves sector a growing pie for all. Top glove corporation bhd bva si target price of top glove sgx listed companies sg investors io. Macquarie research has downgraded its recommendation on top glove corp bhd to underperform from outperform previously and lowered its target price to rm5 45 from rm10 13 prior priced to account for bonus issue.

Rubber gloves fundamentally strong but priced in. In a report today 3 jul mq research reiterates outperform on topglov raising its target price to rm30 40 73 7 above the current share price. Rm10 30 billion increased by more than 2 2x from july 2020 report as per item 2 recommendation.

The research firm said this is due to the fact that while its short term results are expected to be robust and higher average selling asps will drive ratings upgrades earnings are. Macquarie s estimated fy2021 profit for top glove. Macquarie has the lowest target price of rm5 40.

Top glove which has a consensus forward price earnings ratio of 43 35 times currently has 16 buy calls with the highest target price being rm15 45 according to a sept 3 report by affin hwang research. Type something and hit enter. Rm16 20 before bonus issue.

Kuala lumpur sept 10. Macquarie research has downgraded its recommendation on top glove corp bhd to underperform from outperform previously and lowered its target price to rm5 45 from rm10 13. Fri 3 jul 2020 9 33 am pm me to join glove private discussion room i am reproducing the macquarie research to my blog.

Bullish investors may consider macquarie s call warrants topglov c79 and topglov c80. Downgrade to underperform with lower 47 target price of rm5 40 i e. Glove is the vaccine to your wealth in this pandemic.

Macquarie downgrades top glove to underperform halves target price as earnings could normalise in 2h21 theedge thu sep 10 2020 05 36pm 4 hours ago kuala lumpur sept 10. Gloveharicut publish date. Toppick is topglov rm25 and supermx rm9 80 26 06 2020.

No concern on lower asps and oversupply on glove.