Top Glove Among Most Active Stocks In Early Trade After Strong 1Q FY2026 Performance

KUALA LUMPUR, Dec 18 (Bernama) -- Top Glove Corporation Bhd emerged among the most actively traded stocks at early trade today, after posting a strong business performance in the first quarter of its financial year 2026, which ended Nov 30, 2025 (1Q FY2026).

At 9.50 am, the company’s shares rose two sen to 67 sen, with a total of 23.35 million shares traded.

In a filing with Bursa Malaysia today, Top Glove’s net profit rose to RM38.58 million in 1Q FY2026, up from RM5.47 million in the same quarter last year, driven by robust sales volume growth across key markets, particularly in the United States.

However, revenue for the quarter under review slipped slightly to RM883.57 million from RM885.89 million previously amid a challenging and competitive environment.

Meanwhile, Kenanga Investment Bank Bhd expects Top Glove’s earnings to gain further momentum in FY 2026, driven by higher sales and stable margins.

“Top Glove expects higher 2Q FY2026 volume sales quarter-on-quarter, driven by shipment delays in 1Q FY 2026, US orders, and better showing in Europe on the back of full-quarter contribution from a tender secured there.

“Therefore, we reiterate our ‘outperform’ call on Top Glove with a target price of 75 sen per share,” it said in a note today.

-- BERNAMA