Saturday, October 10, 2009

RHB raises fair value of Top Glove stock

Published: 2009/10/06

RHB Research Institute Sdn Bhd says Top Glove Corp's full-year earnings could exceed its estimates because of better than expected margins.

The research firm raises the fair value of Top Glove's stock to RM8.80 from RM8.00.

The shares of the world’s largest rubber glove maker, rose 4.8 per cent to RM7.82 in Kuala Lumpur trading at midday, bound for the steepest gain since July 7.

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