KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day. The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
Earnings Snapshot
Top Glove (KL:TOPGLOV) posted a 31% drop in 3QFY2025 net profit, coming in at RM34.42 million, despite a 30% revenue gain to RM830.25 million. Key reason? A spike in expenses that nearly erased top-line growth. Notably, RM29.72 million in asset sales helped soften the impact.
Why Investors Should Be Cautious
Operating profit was just RM8.3 million, showing how squeezed margins are.
No dividend was declared.
Expense pressures persist and the company flagged tariff and trade uncertainty.
Stock Movement Outlook
This isn’t a value trap, but it’s also not a bargain yet. Top Glove’s fundamentals need to stabilize before becoming investible again. Keep in mind: asset disposals aren’t recurring earnings.
MoneyMaster Take — Key Insights:
Earnings were propped up by asset sales, not core business growth.
Cost inflation remains a headwind for glove producers.
No dividend means no near-term yield play.
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