2Q10 results preview. Top Glove is expected to announce its 2Q results on 17 Mar. We believe the results could, once again, surprise on the upside on the back of stronger-than-expected margins. We understand that Top Glove has managed to hold its margins steady qoq despite higher latex cost and a weaker US$ against RM. This, in our view, is a strong testament of the glove manufacturers’ ability to pass on rising costs and adverse exchange rate movements to its customers.
Top Glove Corporation Berhad : Expect Yet Another Strong Set Of Results - 16/03/2010
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