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did u notice that top gloves employees is around 10k++ in comparison to 18k++ back to pre COVID years? the total running production now is around 72 billion annually in comparison to around 70 billions back in 2019. it has already reduced its workforce thru automation for the past 5 years
Big hit especially the OT rates (where applicable) and can affect re-rating despite improved QR profit recently. Applies to all PLC manufacturers in Malaysia. Automation will be key and critical.
yes .. if included OT ... what i mean The stock market is very sentiment-driven. Even if what you said is correct and the company has already reduced its workforce, that’s just how the stock market works.
Moreover, the costs have already been reflected in each quarterly financial report and, consequently, in the share price. So, when news introduces a new cost factor, it will definitely have an immediate impact on the share price.
As for whether the share price can recover, that will depend on how the market reacts to next year’s financial results.
