KUALA LUMPUR (Jan 7): MIDF Research has maintained its “Neutral” rating on Top Glove Corporation Bhd with a higher target price of RM13.51 (from RM13.01) and said the company targets 10-15% growth in sales volume in FY16.
In a note today, the research house said Top Glove continues to break into emerging markets.
MIDF Research house said Top Glove was making R&D a key priority
“Minimal impact from the recent industrial gas hike.
“Maintain Neutral with a revised target price of RM13.51 based on a PER17 of 19x,” it said.