After recording rapid profit growth in the past few quarters, Top Glove Corporation Bhd’s earnings could have peaked in the March-May quarter but would start declining thereafter amid lower glove prices, said analysts. Rakuten Trade Research’s head of equity sales Vincent Lau said it is also possible that the world’s biggest rubber glove maker may report flat earnings growth for the third quarter ended May 31, 2021 (3QFY21) compared with the preceding quarter.
