Company Name: TOP GLOVE CORPORATION BHD
|Research House: HWANGDBS||Price Call: HOLD||Target Price: 4.80|
Top Glove; Hold; RM4.80
Price Target: RM4.80; TOPG MK
2Q12/6M12 results in line; earnings led by volume growth and lower latex prices. Increasing automation to improve efficiency. Maintain Hold and RM4.80 TP.
Source: HwangDBS Research - 16 March 2012