Global Healthcare Analyst

Tina Banerjee

Equity research analyst having 15+ years of experience, with an interest on fundamentally strong global healthcare companies. I have been helping investors to find future winners in healthcare space to grow their wealth by focusing on the strength and potential of the business models of the companies. My initiating coverage reports and pitch help investors to know ‘what to buy’, ‘why to buy’, and ‘when to buy’. My clients always remain on top of the sector with the help of my timely and detailed notes on earnings or any news update. I also provide broader view on the entire healthcare sector through periodic thematic reports.

Top Glove Corp (TOPG MK): Recovery Continues, ASP Improves, Demand Outlook Stays Strong

Top Glove Corp (TOPG MK): Competition in Europe Along With ASP Softness to Remain a Concern

Top Glove Corp (TOPG MK): Break-Even Achieved in 1QFY25, Strong Demand to Persist in Coming Quarters

Equity Bottom-Up

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<li>
<a href="https://www.smartkarma.com/entities/top-glove-corp-bhd" target="_blank" data-smartkarma-citation="entities:20759:1" rel="noopener">Top Glove Corp (TOPG MK)</a> revenue grew 39% YoY to RM 3.5B in FY25 on the back of sales volume increasing 55%, because of competitive pricing.</li>
<li>Drop in raw material costs resulted in FY25 EBITDA rising 79% YoY to RM 454M. The FY25 Core EBITDA margin of 13%, was a significant improvement from 10% in FY24.</li>
<li>With the company’s rigorous cost control, competitive pricing efforts in fray and resulting in volumes strengthening, we prefer to be positive on the stock.</li>
</ul>



Top Glove Corp (TOPG MK) revenue grew 39% YoY to RM 3.5B in FY25 on the back of sales volume increasing 55%, because of competitive pricing.
Drop in raw material costs resulted in FY25 EBITDA rising 79% YoY to RM 454M. The FY25 Core EBITDA margin of 13%, was a significant improvement from 10% in FY24.
With the company’s rigorous cost control, competitive pricing efforts in fray and resulting in volumes strengthening, we prefer to be positive on the stock.


Top Glove Corp (TOPG MK): Competitive Pricing Alongside Cost Control Drive Sales and Margins