bullish

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

602 Views22 Mar 2025 17:30
SUMMARY
  • Top Glove Corp (TOPG MK) achieved 70% YoY revenue growth in 1HFY25, while net profit stood at RM 58M.
  • Management remains bullish on the U.S. market with North America region (23% of revenue) witnessing 13% QoQ sales growth in 2QFY25.
  • ASP were up 3–4% across product categories. Top Glove expects the ASP to further strengthen.
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