Tuesday, September 28, 2010

Top Glove Corporation Berhad : Expecting Weaker Earnings QoQ On Slower Orders and Margin Contraction - 28/09/2010

♦ 4Q10 results preview. Top Glove is expected to announce its full-year
results on 6 Oct. While we expect weaker numbers qoq, for the full-year,
we see yoy growth of approximately 40-45% largely due to: 1) higher
sales volume on the back of the new lines in F19 and F20; and 2) yoy
margin expansion resulting from better economies of scale.

Top Glove Corporation Berhad : Expecting Weaker Earnings QoQ On Slower Orders and Margin Contraction - 28/0...

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