Top Glove to extend price hikes
Top Glove Corp will continue to raise glove prices as latex becomes costlier and the US dollar weakens, to maintain profits. It last increased the prices in July. The company is optimistic of keeping its profit margin at more than 10% in the year ending August 2010. Chairman and managing director Tan Sri Lim Wee Chai said latex prices had started to climb again since July and the US dollar had weakened since September. Such combination of factors has led to higher glove prices. (BT)
- Most of investors in KLSE are too optismistic now. TopGlove is too expensive, too much expectation from investors on the earning growth of TopGlove. Let's us monitor TopGlove closely. Once the H1N1 solved, then all investors/speculators will sell. Let's us wait panic selling from those Mr. KinCheongLan
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