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Company Update
Top Glove: Short-term negative impact on closure of 28 factories
BUY | RM9.60
Top Glove held a briefing for analysts on 24th Nov to provide an update on the temporary staggered closure of all 28 facilities at Meru, Klang to allow the health ministry to conduct Covid-19 tests and quarantine.
Top Glove factories at Klang currently underutilized at c.10% utilization rate and since 18th Nov, it has already closed 16 factories.
KYY hold supermx so he promote supermx with misleading blog. He need to use same period to compare, supermx and topglov latest quarter have difference in one month. PE of topglov also will higher than supermx in fundamental, both gjve PE 15 is misleading
