Top Glove Corporation Bhd reported significantly narrowed losses for its latest quarter, beating market expectations, driven by higher utilization rates and lower raw material costs. The positive earnings surprise sent its stock price soaring 5.5% today, leading the healthcare sector gains.
Top Glove Corporation Bhd saw its share price surge 5.5% today, closing at RM1.05, following the release of its quarterly results for the period ended November 30, 2025. The company reported a significantly narrowed net loss of only RM15 million, substantially better than the consensus market forecast of a RM40 million loss. Management attributed the improved performance to higher capacity utilization rates (reaching approximately 45%) and stabilized natural latex prices. The market views this as a strong indication that the glove sector is emerging from its prolonged downturn. The positive news also provided a boost to other glove manufacturers like Hartalega Holdings Bhd.
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