Bursa Malaysia Stock Watch
TOPGLOV - Top Glove drops on JPMorgan downgrade
kltrader
Publish date: Tue, 27 Jul 2010, 06:56 PM
kltrader
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Stock Name: TOPGLOV
Company Name: TOP GLOVE CORPORATION BHD
Research House: JP MORGAN CHASE
Top Glove Corp, the world's biggest rubber-glove maker, slid 3.3 percent to RM6.53, on course for its largest drop since May 6.
The company's rating was cut to "underweight" from "neutral" at JPMorgan Chase & Co because the stock has surpassed its share price estimate of RM6.30 and is trading at a premium to its peers.
It's "looking toppish," JPMorgan analyst Nicole Goh said in a report dated July 26. - Bloomberg
Company Name: TOP GLOVE CORPORATION BHD
Research House: JP MORGAN CHASE
Top Glove Corp, the world's biggest rubber-glove maker, slid 3.3 percent to RM6.53, on course for its largest drop since May 6.
The company's rating was cut to "underweight" from "neutral" at JPMorgan Chase & Co because the stock has surpassed its share price estimate of RM6.30 and is trading at a premium to its peers.
It's "looking toppish," JPMorgan analyst Nicole Goh said in a report dated July 26. - Bloomberg
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