Top Glove stock reports a sharp FY2026 profit rebound
Published on 10/07/2026 at 07:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Top Glove stock reached MYR 0.92 in early Bursa Malaysia trading on October 7, 2026, after the glove maker reported a sharp FY2026 earnings recovery. According to The Edge Malaysia on October 7, the stock rose as much as seven sen from its opening price of MYR 0.88 after the results were released.
Profit recovery accelerates
Top Glove reported FY2026 net profit of RM307.96 million, compared with RM105.33 million in FY2025. Revenue increased 21 percent to RM4.23 billion from RM3.49 billion, while sales volume grew 28 percent year over year, according to Bernama on October 6.
The fourth quarter supplied the strongest contribution. Net profit rose to RM157.63 million from RM34.83 million a year earlier, while quarterly revenue reached RM1.25 billion from RM893.56 million, representing a 39.7 percent increase, Business Times reported on October 6.
Pricing meets cost pressure
Management raised average selling prices by USD 2 to USD 4 per 1,000 pieces for October and November to offset higher raw material and energy costs. The company also said order books for those months remained strong, while natural gas tariffs in Malaysia rose 30 percent in October, according to The Edge Malaysia.
The balance sheet provides a second improvement. Top Glove ended FY2026 with net cash of RM141 million, reversing net debt of RM267 million in FY2025. The board also declared a final dividend of RM0.015 per share, payable on December 15, 2026, according to The Star on October 6.
Analysts remain divided
The earnings beat has not removed the structural concerns. PublicInvest Research kept an Underperform rating with a target of RM0.69 from RM0.59, while CIMB Securities maintained Reduce and lifted its target to RM0.70 from RM0.63, The Edge Malaysia reported on October 7.
MarketScreener lists a Hold consensus from 16 analysts and an average target price of MYR 0.7512. The contrast between stronger near-term earnings and continuing oversupply leaves pricing power and utilization as the key tests for FY2027.
Top Glove stock trades at MYR 0.92
Top Glove stock was trading at MYR 0.92 on Bursa Malaysia on October 7, 2026, during early trading. The company had a market capitalization of MYR 7.2 billion after the October 6 results.
Top Glove stock facts
- Company: Top Glove Corporation Bhd.
- ISIN: MYL7113OO003
- Ticker: TOPGLOV
- Trading venue: Bursa Malaysia
- Price (as of October 7, 2026): MYR 0.92
- Market capitalization: MYR 7.2 billion (as of October 6, 2026)
- Sector / Industry: Medical Equipment, Supplies and Distribution
