Research House Maintains HOLD On Top Glove Pending Clarity On JV Impact
Research House Maintains HOLD On Top Glove Pending Clarity On JV Impact
Maybank IB said the JV is expected to provide an additional income stream for Top Glove and help further solidify its position in the global glove manufacturing sector.
Although Maybank Investment Bank Bhd (Maybank IB) is feeling positive about Top Glove Bhd's latest joint venture (JV) for high-density polyethylene (HDPE) gloves, the research house maintained a HOLD recommendation for the glove manufacturer with an unchanged target price of RM1.08.
儘管馬來亞銀行投資銀行有限公司（Maybank IB）對Top Glove Bhd的最新高密度聚乙烯（HDPE）手套合資企業（JV）持樂觀態度，但該研究機構維持了對這家手套製造商的持倉建議，目標價保持不變，爲1.08令吉。
It was mentioned that Top Glove's JV with Tronex (Asia) Ltd and Polywel International Trade Company Ltd on a shareholding of 60:20:20 will strengthen its product offerings and market reach while leveraging on Tronex's and Polywel's expertise in the medical and HDPE gloves industries.
有人提到，Top Glove與Tronex（亞洲）有限公司和保利威爾國際貿易有限公司的合資企業以 60:20:20 的股權將加強其產品供應和市場影響力，同時利用Tronex和Polywel在醫用和高密度聚乙烯手套行業的專業知識。
The JV comes at a time when Top Glove is diversifying its supply chain amid the prospect of higher US tariffs on glove imports.
合資公司成立之際，Top Glove正在實現供應鏈多元化，因爲美國可能提高手套進口關稅。
Maybank IB said the JV is expected to provide an additional income stream for Top Glove and help further solidify its position in the global glove manufacturing sector.
Maybank Ib表示，該合資公司預計將爲Top Glove提供額外的收入來源，並有助於進一步鞏固其在全球手套製造領域的地位。
Despite this positive development, the research house has opted to maintain its earnings forecasts for Top Glove pending further information on the production capacity from the JV that is set to commence production next month.djustments to its forecasts.
儘管取得了這一積極進展，但該研究機構仍選擇維持其對Top Glove的收益預期，等待定於下個月開始生產的合資企業的產能的進一步信息。調整其預測。
譯文內容由第三人軟體翻譯。
