14/09/2026

BIZ & FINANCE MONDAY | SEPT 14, 2026

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Top Glove flags improved earnings for FY2026 o Executive chairman

Manufacturing and services top contributors to

investments in S’gor PORT KLANG: The manufacturing and services sectors were the high est contributors to investment value in Selangor for the first half of this year. Selangor Investment, Trade and Mobility Committee chairman Ng Sze Han said the two sectors were identified based on investments totalling RM70 billion as of June. “We are confident we can achieve the RM80 billion target within the next few months,“ Ng said after officiating the launch of the factory and central workshop of logistics vehicle company Steelbro (M) Sdn Bhd in Telok Gong here on Saturday. He said the positive performance was the result of close cooperation among the state government, Invest Selangor and the Malaysian Investment Development Authority. Commenting on Selangor’s 2027 budget, Ng said the menteri besar recently chaired a dialogue with university professors and stakeholders to discuss and gather views or requests. Meanwhile, Ng said Selangor is Malaysia's gateway to the world with a strong logistics sector. “Our ambition is clear, which is to move to a higher level up the value chain in manufacturing and engi neering. In this regard, I encourage Steelbro, which is a New Zealand company, to continue investing in our engineers and technicians as well as local suppliers and insti tutions,” he added. – Bernama

cites strong global demand and higher selling prices

Lim speaking at the launch of the book Stuck In The Middle held at Universiti of Cyberjaya. – BERNAMAPIC

CYBERJAYA: Top Glove Corporation Bhd expects to deliver improved earnings for the financial year ended Aug 31, 2026, underpinned by sustained global glove demand and higher average selling prices. Executive chairman Tan Sri Dr Lim Wee Chai said global glove demand continues to expand by about 10% annually, while some supply constraints have also provided support to selling prices. “Demand is growing every year by about 10%, so demand is good. When demand is more than supply, prices go up. Now, some factories may be affected, so supply is a little affected or short, while demand is still strong,” he told Bernama. He said this when met after the launch of Stuck in the Middle, a book by University of Cyberjaya Pro Chancellor Tan Sri Dr R. Palan. Lim noted that the improved demand-supply dynamics are expected to translate into a better performance for the world’s largest glove manufacturer compared with the previous financial year. “The profit will be much better than one year ago. The outlook is good. We are going to announce the August 2026 results next month, on Oct 6. It will be a better quarter and a better year compared with the previous years,” he said. Lim stressed that stronger demand and higher selling prices are key factors supporting the improved outlook. He said geopolitical conflicts or pandemics could also lead customers to increase orders as a precaution, KUALA LUMPUR: Citaglobal Bhd’s wholly owned subsidiary Citaglobal Land Sdn Bhd has secured a design and-build subcontract worth RM82.1 million to construct a residential college. Citaglobal said its unit has accepted a letter of award from Purnama Base Sdn Bhd to develop the college at Institut Pendidikan Guru Kampus Bahasa Melayu in Kuala Lumpur. “The contract is for a period of 22 months and scheduled for completion on June 30, 2028, or such other revised completion date as may be determined in accordance with the terms of the contract, it said in a filing with Bursa Malaysia. In a statement, Citaglobal said the project forms part of the government development initiative

further supporting glove demand and prices. “Normally, when there is a war or pandemic, customers or consumers sometimes have some slight panic, so they buy a little bit more and order a little bit more. When glove prices increase, it is good for the whole industry and the whole supply chain, so profitability will be better,” he explained. On rising crude oil prices, Lim said higher oil prices would increase the cost of petroleum based raw materials used in glove production, including nitrile related inputs. “When crude oil prices increase, raw material prices increase, and glove selling prices will also increase. When crude oil prices come down, the manufacturing cost of raw within the education sector, implemented through the Public Works Department (PWD). It noted that PWD is the employer under the main contract, while Purnama Base is the main contractor pursuant to a main contract with the PWD dated Dec 30, 2025. “Purnama Base has appointed Citaglobal Land as the subcontractor to undertake the design, con struction and completion of the works,” it stated. Following the acceptance of the subcontract, Citaglobal’s out standing proforma order book stands at approximately RM1.5 billion as at June 30, 2026. The subcontract is expected to contribute positively to the group’s earnings, earnings per share and net assets over its duration. – Bernama

Top Glove’s net profit jumped to RM80.98 million in the third third quarter ended May 31, 2026 compared with RM34.74 million recorded in the previous corresponding quarter, while revenue to RM1.09 billion from RM830.25 million previously.

materials also comes down.” Lim said despite fluctuations in external costs, maintaining operational efficiency remains crucial for the group. “More importantly, internally we must be very quality and cost efficient.”

WARRANTS WATCH

HSI bears cash in on recent plunge, Nikkei range-trade sparks new interest

THE structured warrants market in Malaysia saw an uptick in trading interest, with total turnover jumping 15.2% week-on-week (w-o-w) to RM624.9 million and total trading volume spiking 15.5% to 4.4 billion units traded. In terms of underlying breakdown, warrants over Malaysia stocks were the biggest contributor with RM366.3 million traded, up 6.4% w-o-w, followed by warrants over the Hang Seng Index (HSI) with RM235.2 million turnover. Warrants over the Nikkei Stock Average saw a huge surge in trading activities with over RM7.1 million traded, which is 140.4% higher than the previous week. Last week, the HSI saw one of its worst-performing weeks since June 29. HSI September futures closed in negative territory for five consecutive trading days, erasing more than 850 points in a week. HSI-PWTX was the most popular put warrant among bearish investors, recording 132.6 million traded while its bid price climbed 40.9%, as prices of put warrants generally increased in value with the plunge in the HSI futures. Other top traded warrants by volume last week were all HSI calls, with HSI-CWS8, HSI-CWSO and HSI CWSU clocking in the highest traded volumes; all three warrants are now

Top stock warrants by volume traded: Warrant Volume Issuer Exercise

Expiry date

name

(mil) 140.0 132.6 113.8 88.4 69.6

level

HSI-CWS8 HSI-PWTX HSI-CWSO HSI-CWSU HSI-CWS6

Macquarie Kenanga Macquarie Maybank Kenanga

27,000 24,000 26,000 26,000 27,000

29 Oct 2026 29 Sep 2026 29 Sep 2026 29 Oct 2026 27 Sep 2026

Citaglobal unit bags RM82m residential college subcontract

Power ending its five-week winning streak by closing 1.7% lower w-o-w. Call warrant YTLPOWR-C1R was the fourth most actively traded warrant by value, recording RM21.3 million turnover from 27.7 million units. To view the full list of structured warrants available on Bursa Malaysia, visit malaysiawarrants.com.my. Provided for Malaysian residents’ information only. This commentary has not been reviewed by the Securities Commission Malaysia. It is not an offer or recommendation to trade and is not research material. Past performance is not indicative of future performance. You should make your own assessment and seek professional advice. The warrants will not be offered to any US persons.

trading at bid prices lower than RM0.200 (as of the close last Friday) given the HSI futures’ decline. However, Nikkei December futures opened in positive territory on Monday and Tuesday, before erasing the gains and closing in the red for two consecutive trading days. However, the index futures rebounded on Friday to 29,387 points, down 0.6% w-o-w. The range-bound trading in Nikkei futures attracted investors interest, especially put warrant Nikkei-H15 and call warrant Nikkei-C18. Both warrants will expire on Dec 12. On the local front, YTL Power International was the top stock underlying for two straight weeks. Last week, warrants over YTL Power recorded the highest turnover among the stock warrants at RM52.7 million. Investor demand in YTL Power warrants remained upbeat despite YTL