<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Jan 6): Top Glove Corp Bhd shares gained 1.13% this morning after the company said it is considering raising the average selling price (ASP) of its rubber gloves in the three months until Feb 28, as uncertainties in the prices of raw material and the weakening of the US dollar negatively impact its production costs.</p></div>

<div class=newsTextDataWrapInner><p>At 9.05am, Top Glove added 6 sen to RM5.38 with 209,600 shares traded.</p></div>

<div class=newsTextDataWrapInner><p>According to its executive director Lim Cheong Guan, a potential increase in the ASP is possible, though it depends heavily on how much further the local note would weaken against the greenback, and if raw material prices would go up in the coming quarters.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Top Glove saw the average natural rubber latex price rise 12.6% to RM4.46 per kg in the first financial quarter ended Nov 30, 2016 (1QFY17), versus RM3.96 per kg a year ago. As at Dec 30, 2016, the price of natural rubber latex was at RM6.46 per kg.</p></div>

<div class=newsTextDataWrapInner><p>Lim said the group doesn’t have a fixed timeline when a price increase would happen, but considering the current price trend of the raw material, an increase in 2QFY17 is likely.</p></div>


KUALA LUMPUR (Jan 6): Top Glove Corp Bhd shares gained 1.13% this morning after the company said it is considering raising the average selling price (ASP) of its rubber gloves in the three months until Feb 28, as uncertainties in the prices of raw material and the weakening of the US dollar negat...

Top Glove up 1.13% on plans to raise glove prices

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