In Move Upstream, a Stronger Grip on Key Rubber Supplies

Top Glove Corporation Bhd MD KM Lee discusses:     - Recent purchase of 30,000 ha of greenfield rubber plantations;  - Use of hedging or other financial instruments - address price variability;   - Whether longer-term plan to buy even more land to plant rubber;   - Time to fruiting - time to supply meaningful portion - latex needs;   - Expertise - challenges;   - Costs management;   - Rubber prices - hedging - quantum of needs bought forward - price;   - Impact - current price environment - fiscal 2012 earnings;   - Consensus estimates - fiscal 2012 - guidance;   - Nitrile - adoption - M&A;   - Supply and price strategies - whether market is still as responsive to cost fluctuations;   - Natural gas - needs;   - Higher Energy Prices - New Gas Service Agreement with Petronas - Elections Delaying Revision in Energy Prices;   - Removal of fuel subsidies - impact - migration to cheaper sources;   - Human Capital - issues - R&D emphasis - Malaysia deficiency - strategy;   - Minimum Wage - impact on operations;   - Overall state and health of global market;   - Production - utilisation rates - capacity - outlook for additional capacity - plant rollout plan;   - Prices - outlook - drivers - competition from China and price pressure in 2H;   - Currency - USD/MYR Appreciation - impact;   - Dividends - capital management - issues.