Lower rating: A worker inspects disposable gloves at Top Glove’s factory in Shah Alam. Macquarie Research has lowered its rating on the world’s largest glovemaker to ‘underperform’ from ‘outperform’ previously. — AFP
PETALING JAYA: A downgrade by Macquarie Research saw Top Glove Corp Bhd
’s shares take a huge beating, with its shares falling by 70 sen, or 9.8%, to RM6.45 yesterday.
The brokerage lowered its rating on the world’s largest glovemaker to “underperform” from “outperform” previously.
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