Affin Hwang Capital Research Highlights
HwangDBS Research Highlights - 4 Jun 2013
Top Glove; Buy; RM6.38
Price Target: RM7.20 (Prev RM5.90); TOPG MK
Going strong
Sustainable demand will enable easier cost pass-through and reduce cost pressure. We have accounted for higher wages and gas costs, limited downside from here. Rerating catalyst: sustainable new demand driven by improving healthcare standards. Upgrade to BUY with higher RM7.20 TP.
Source: HwangDBS Research - 04 Jun 2013
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