Top Glove is aiming for production capacity to achieve a 50:50 nitrile-to-latex glove production mix over the next three years from the 37:63 ratio in the third quarter

PETALING JAYA: Despite Top Glove Corp Bhd’s optimism of a stronger financial performance in the next quarter, analysts have generally maintained their ratings on the company.

After attending a briefing by the company on the recent third-quarter financial year 2017 (FY17) results, analysts said Top Glove’s valuations were fair and provided near-term positive catalysts.

CIMB Research made no changes to its earnings per share (EPS) forecasts and kept its “hold” call and target price of RM5.75. This is because the bulk of its organic expansion plans are still in early stages.

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