KUALA LUMPUR (Feb 23): Top Glove Corp Bhd, which is trading at a price-earnings ratio of 34.15 times, rose to its all-time high earlier this morning.

As at 11.53am, Top Glove was up 15 sen at RM9.95 with 1.49 million shares done. It had earlier risen to a high of RM9.98.

The stock has exceeded the targets of more than half of the research houses listed on Bloomberg, including TA Securities, UOB Kay Hian, Kenanga, RHB, MIDF, Public Bank, Maybank Kim Eng and a few others which all had target prices between RM6.36 and RM9.85.

The stock has risen 98% over the last 12 months.