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Hot Stock Top Glove gains 6.58% ahead of 1Q results release
by Cals Thu 10 Dec 2015, 22:29
Hot Stock
Top Glove gains 6.58% ahead of 1Q results release
By Chen Shaua Fui / theedgemarkets.com | December 10, 2015 : 2:57 PM MYT
KUALA LUMPUR (Dec 10): Glove maker Top Glove Corp Bhd ([You must be registered and logged in to see this image.] Valuation: 1.10, Fundamental: 2.50) rose as much as 70 sen or 6.58% to RM11.34 ahead of releasing its financial results for the first quarter ended Nov 30, 2015 (1QFY16).
However, Top Glove pared gains to settle at RM11.28 as at 2.45pm, still up 64 sen or 6.01%. Some 3.2 million shares were traded.
Top Glove is scheduled to release its 1QFY16 financial results next Tuesday (Dec 15).
The glove maker recorded a profit of RM280.15 million for financial year ended Aug 31, 2015 (FY15) compared to RM180.52 million in FY14, an increase of 55.2%, topping the previous record high of RM250.4 million in FY10.
Its revenue for FY15 also increased to RM2.51 billion from RM2.28 billion in FY14.
Its share price has grown steadily after the glove maker released its financial results on Oct 15. The share has gained 26.07% since Oct 15 until the closing price of RM10.64 on Wednesday.
(Note: The Edge Research's fundamental score reflects a company's profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)
Top Glove gains 6.58% ahead of 1Q results release
By Chen Shaua Fui / theedgemarkets.com | December 10, 2015 : 2:57 PM MYT
KUALA LUMPUR (Dec 10): Glove maker Top Glove Corp Bhd ([You must be registered and logged in to see this image.] Valuation: 1.10, Fundamental: 2.50) rose as much as 70 sen or 6.58% to RM11.34 ahead of releasing its financial results for the first quarter ended Nov 30, 2015 (1QFY16).
However, Top Glove pared gains to settle at RM11.28 as at 2.45pm, still up 64 sen or 6.01%. Some 3.2 million shares were traded.
Top Glove is scheduled to release its 1QFY16 financial results next Tuesday (Dec 15).
The glove maker recorded a profit of RM280.15 million for financial year ended Aug 31, 2015 (FY15) compared to RM180.52 million in FY14, an increase of 55.2%, topping the previous record high of RM250.4 million in FY10.
Its revenue for FY15 also increased to RM2.51 billion from RM2.28 billion in FY14.
Its share price has grown steadily after the glove maker released its financial results on Oct 15. The share has gained 26.07% since Oct 15 until the closing price of RM10.64 on Wednesday.
(Note: The Edge Research's fundamental score reflects a company's profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)
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