In today’s briefing:
- Top Glove Corp (TOPG MK): Recovery Continues, ASP Improves, Demand Outlook Stays Strong
- Align Technology: How a $50,000 Device Is Locking in Doctors & Driving Profits!
- Boston Scientific: How WATCHMAN and FARAPULSE Expansion Is Shaping This Med-Tech Giant’s Future!
Top Glove Corp (TOPG MK): Recovery Continues, ASP Improves, Demand Outlook Stays Strong
- Top Glove Corp (TOPG MK) achieved 70% YoY revenue growth in 1HFY25, while net profit stood at RM 58M.
- Management remains bullish on the U.S. market with North America region (23% of revenue) witnessing 13% QoQ sales growth in 2QFY25.
- ASP were up 3–4% across product categories. Top Glove expects the ASP to further strengthen.
Align Technology: How a $50,000 Device Is Locking in Doctors & Driving Profits!
- Align Technology presented a mixed outlook in its latest earnings call for the fourth quarter and full year of 2024.
- While the company reported positive revenue growth across some segments, several challenges and uncertainties were also highlighted, presenting a balanced investment prospect.
- On the positive side, Align Technology posted a total revenue increase of 4% year-over-year in the fourth quarter.
Boston Scientific: How WATCHMAN and FARAPULSE Expansion Is Shaping This Med-Tech Giant’s Future!
- The financial results for Boston Scientific’s fourth quarter and full-year 2024 highlight both strengths and challenges faced by the company.
- Achieving robust growth in several segments, the company reported operational sales growth of 23% for the quarter and 18.5% for the year, with organic growth hitting 20% and 16% respectively.
- These figures surpass their upper guidance limits, indicating strong market performance, driven primarily by the early U.S. adoption of the FARAPULSE system and other key products.
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