Top Glove expects average selling prices of gloves to increase

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Top Glove expects average selling prices of gloves to increase
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PETALING JAYA: Top Glove Corporation Bhd anticipates an improving trend in average selling prices (ASP) of its gloves and to turn profitable by financ...

From left: Lim Cheong Guan, Lim Wee Chai and Ng, at the briefing on Top Glove’s financial results.Top Glove Corporation Bhd anticipates an improving trend in average selling prices of its gloves and to turn profitable by financial year 2025 .

Lim said the improving sales volume indicated that there is still demand for gloves and he expects sales volume to improve on the back of restock orders as customers’ inventories near depletion. Touching on raw material prices, managing director Lim Cheong Guan said he expects them to be in line with the ASP trend.

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