Dr. Andrew Stotz, CFA

A. Stotz Investment Research

Equity Bottom-Up

<ul>
<li>Good growth in core profit and strong cash levels relative to companies across its sector</li>
<li>New factories in Thailand and Malaysia are expected to start production in 3Q16 and 1Q17 respectively and should expand the total capacity by 10% in order to meet a growing demand</li>
<li>Venturing into medical services, through a joint venture with DHS Emergency Asia Sdn Bhd, such as outpatient and consultancy services and providing potential new sales channels for TOPG’s existing products</li>
<li>Trades below ASEAN…</li>
</ul>

Malaysia

Top Glove Corporation Bhd manufactures a wide range of latex gloves.  The Company's products include latex examination powdered, latex examination powderfree, nitrile examination gloves,soft nitrile examination gloves, vinyl examination gloves, surgical gloves, and other related products.

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