Salak South Garden's Restoran Hakkayin surprises with the rarely-seen Hakka 'sui pan' from the 1960s plus excellent homestyle Hakka noodles
This is after factoring in the group’s actual FY2023 results, lower plant utilisation rate for FY2024/FY2025, and the exchange rate of RM4.50 to the US dollar from RM4.20. On Friday last week, Top Glove announced the FY2023 net loss which was due partly to asset impairment and write-off of RM389 million. In FY2022, it posted a net profit of RM225.56 million.
“Malaysian glove players could face further erosion in global market share as customers may continue to divert their orders to Chinese players, lured by the comparatively lower pricing. Another research firm, Hong Leong Investment Bank , also maintained its “sell” call with an unchanged TP of 51 sen as it is not anticipating the company to return to the black in the near term.