4 Key Insights to Know from Top Glove’s Executive Chairman

Top Glove (SGX: BVA) is among one of the newest stocks in Singapore’s market. The rubber gloves manufacturer was listed in Singapore just last month by way of introduction.

Top Glove is the world’s largest natural rubber gloves manufacturer and has an annual production capacity of 45 billion gloves. It operates 25 manufacturing facilities and exports its products to more than 195 markets worldwide.

Its chief executive, Tan Sri Dr Lim Wee Chai, was recently featured in an interview series.

There might be insights we can glean from him. Here are four key insights I picked out from the interview:

1. It’s a marathon, not a sprintclick here

2. …And the marathon is ongoingclick here

3. The importance of innovation

Keeping the company ahead of competition requires new products or product-features. These can only come from innovation. Dr Lim doesn’t sugarcoat the fact:

“We try to introduce new products or features every year to keep abreast of the competition. Without R&D, there’s no improvement in quality, and without improvement, there’s no future for Top Glove.”

Top Glove is beefing up the headcount of its research and development team to 100 this year. The company also recently had two patents granted in Malaysia with another 18 pending.

4. Importance of discipline and perseverance

Staying ahead is important. To do so, Dr Lim believes that it requires two key ingredients, namely, perseverance and discipline:

“Performance and discipline are extremely important values in our company – discipline helps us perform consistently. Without these values, we cannot produce good results.”

Dr Lim believes that good results will follow if Top Glove can stay focused and be disciplined in its approach to business.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Chin Hui Leong doesn’t own shares in any companies mentioned.