March 8, 2011

TOPGLOV - Top Glove raised to 'hold' at Maybank

Stock Name: TOPGLOV
Company Name: TOP GLOVE CORPORATION BHD
Research House: MAYBANK

Top Glove Corp was raised to “hold” from “sell” at Maybank Investment Bank Bhd, which said earnings will “bottom” out in the second quarter of its financial year 2011.

“The tide is turning,” Lee Yen Ling, an analyst at Maybank, wrote in a report today. The share price estimate was cut to RM4.55 from RM4.70. -- Bloomberg

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