Top Glove sees FY2027 growth as higher costs prompt price increases
FY2026 net profit tripled to RM308 million, while revenue rose 21% to RM4.23 billion on higher sales volume.
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FY2026 net profit tripled to RM308 million, while revenue rose 21% to RM4.23 billion on higher sales volume.
The currency weakened against the euro, British pound and most ASEAN peers, while gaining against the Japanese yen and Philippine peso.
Gainers outnumbered decliners, while trading volume fell to 4.18 billion units with a value of RM2.95 billion.
The proposed ACE Market offering includes 168.08 million new shares and the sale of 72.4 million existing shares.
FY2026 net profit nearly tripled to RM307.96 million, while annual revenue rose 21% to RM4.32 billion.
Advancing counters outnumbered decliners 524 to 428, with turnover reaching 2.36 billion units valued at RM1.24 billion.
The ACE Market debutant has tenders exceeding RM1 billion and estimates a success rate of 10% to 15%, according to its managing director.
Gainers led losers 272 to 202, while turnover reached 440.19 million units valued at RM164.76 million.
The construction company raised about RM29.4 million, with proceeds earmarked for equipment, debt repayment and working capital.
The US dollar index gained 0.23 per cent to 102.167 points, while the ringgit recorded mixed movements against regional currencies.