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2023-10-09 18:45 | Report Abuse
KUALA LUMPUR: Top Glove Corporation Bhd expects to turn profitable by financial year 2025 (FY25) on the back of improved utilisation rate.
Executive chairman Tan Sri Dr Lim Wee Chai said the company's total utilisation rate currently stands at 30 per cent based on 95 billion total capacity.
"The utilisation rate for Top Glove is about 30 per cent for the past six months based on the 95 billion total capacity and we think the glove market is improving. "At current 30 per cent, we already see improvement in our earnings before interest, taxes, depreciation and amortisation (Ebitda).
"So give us another 10-20 per cent to reach 50 per cent (utilisation rate) then we will be profitable. Maybe that would take another six to 12 months. "By FY25, we will be making profit," he said during the Top Glove's results briefing for the fourth quarter (Q4) of FY23.
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2023-10-09 16:19 | Report Abuse
UOB KAY HIAN (SEPT 21): The return to full capacity is on the horizon as the group anticipates the full reactivation of all grounded aircraft by end-2023. We had earlier factored full capacity by 4Q23 into our projections. The group had only reactivated a total of 166 aircraft as at end-2Q23, bringing seat capacity to 78% of 2019 levels.
We believe that Capital A is poised to deliver its first post-pandemic quarterly earnings in 4Q23, underpinned by the fully reinstated capacity, coupled with an elevated airfare environment despite potentially higher fuel costs (up by about 32% since end-June 2023) amid the rise in crude oil prices lately. The increase will be passed on to customers via fuel surcharges and higher airfares (averaged RM205 in 2Q23 versus RM178 in 2Q19), therefore mitigating margin compressions.
The finalisation of the PN17 regularisation plan is still underway, scheduled to be submitted in 3Q23 and executed in 4Q23. As it needs to record two profitable quarterly earnings consecutively, we estimate that the group will exit PN17 status earliest by 3Q24. Maintain “hold” with a higher target price of 88 sen from 85 sen previously.
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2023-10-09 14:03 | Report Abuse
Hoho Gov oredi bail out on Navy ship case .. paid over RM 6.0 Billion out of RM 9.0 Billion.. Latest is Boustead sold the Navy Ship company Sdn Bhd to Gov for RM 1.00 … Case Closed …
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2023-10-09 14:00 | Report Abuse
3.) Actor with Burung Gagak Mulut :
soon9913
2011 member play double head 🐍 Wayang in Jaks forum with
>> It's Compounding
everydaysfri | Joined since 2011-05-07
One head is Positive, One head is Negative.
👉 Id : everydaysfri can changed his Name It’s Compounding to others Name .. Beware ..
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2023-10-09 13:40 | Report Abuse
Hoho Points to Be Noted :
1.) Keep Selling Profitable Business
2.) Repeatedly issued RI to pay Bridging Loans .
3.) After RI is issued on 2021 , Staff Expenses is increased more than RM 20 million on 2021 compared to 2020 …
4.) A) High yearly employee salaries expenses :
👉 👉 RM 27.67 Million per Year … BOD remunerations = RM 4.8 million
Total = RM 32.47 Million per year .🤩
B ) Other Operating Expenses = RM 25,842,000 / Quarter
Insaf Signal to be Gone Case …….
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2023-10-09 07:47 | Report Abuse
Hoho tangkap Lala girl ke ..
Posted by Zuliana > 22 minutes ago | Report Abuse
Hari Sabtu dan Ahad pun banyak Aedes sini. Mari panggil DBKL fogging sini. Nanti boleh Dengue.
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2023-10-09 07:00 | Report Abuse
4) October 2023 : dateline on Zero Carbon Energy company MOU signed on a Europe Country Solar Project. Will it be success ???
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4a) 13 October 2023 : Budget Day
Hoho see see look look this week will MA10 be jump over MA200 …
1.) 1st hurdle BB 20 2 Mid : Done
2.) 2nd hurdle MA200
3.) 3rd hurdle MA400
4.) 4th hurdle 52W H ……
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2023-10-09 03:11 | Report Abuse
Hoho but when TG Boss said will resubmit HK listing n Shl allocate RM 2.4 Billion on SBB after Utilised RM 1.4 Billion on SBB , the Price is Swing Up with ard 25 % …
This round , The Boss said :
Top Glove pin hopes on rising ASPs to improve earnings in FY24.
Friday, 06 Oct 2023 6:25 PM
> Top Glove to return to profitability by financial year 2025
Asila Jalil
By Asila Jalil
October 6, 2023 @ 5:44pm
KUALA LUMPUR: Top Glove Corporation Bhd expects to turn profitable by financial year 2025 (FY25) on the back of improved utilisation rate.
Executive chairman Tan Sri Dr Lim Wee Chai said the company's total utilisation rate currently stands at 30 per cent based on 95 billion total capacity.
"The utilisation rate for Top Glove is about 30 per cent for the past six months based on the 95 billion total capacity and we think the glove market is improving. "At current 30 per cent, we already see improvement in our earnings before interest, taxes, depreciation and amortisation (Ebitda).
"So give us another 10-20 per cent to reach 50 per cent (utilisation rate) then we will be profitable. Maybe that would take another six to 12 months. "By FY25, we will be making profit," he said during the Top Glove's results briefing for the fourth quarter (Q4) of FY23.
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Stock: [TOPGLOV]: TOP GLOVE CORPORATION BHD
2023-10-09 20:08 |
Post removed.Why?