Fair Value: RM 10.98

Current Price: RM 12.92

Recommendation: HOLD

Recently, Top Glove annouced its 3rd Quarter report for the Financial Year 2010. Profit for 3Q10 has increased 54.37% compared to the 3Q09. However, the 3Q10's profit has decreased 9.52% compared to 2Q10. Therefore, I'm revising the Fair Value to RM10.98 from RM11.85 in anticipation of a downtrend in the next 3 quarters' earnings.

Refer to previous write-up here for more info on this company



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