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Overview
Financial Highlight
HeadlinesBusiness Background Top Glove Corp Bhd manufactures and sells gloves through several product lines to a diverse group of global customers. Some of the different glove options include latex, nitrile, vinyl, and surgical. Top Glove’s products are utilized in an array of end markets such as aerospace, food, beauty, medical, and home care. Traditionally, the company has derived over half of its sales from its nitrile and powdered latex product lines, with customers in North America and Europe generating the most demand. Products like the powdered latex gloves are built to meet various quality standards and provide comfort, protection, and other functionalities.
  Income Posted by Eagle77 > Sep 24, 2024 7:24 AM | Report Abuse India also got Mpox the worst just starting be ready for the bull run of the GLOVES AGAIN ⬆️⬆️⬆️✅✅✅ ？ Eagle, u very black heart person. Go back to SCIB la. 25/09/2024 4:40 AM  InfinityTifanny Top glove will consolidate at 1.08 there for a while ... need new fuel 25/09/2024 9:35 AM Loh Kok Wai W Ringgit down share market down...Ringgit uo share marke still weak.....hahaha...all is lie... 25/09/2024 1:18 PM MarketPredictor https://www.medicalbuyer.co.in/hartalega-supplies-banned-chlorinated-gloves-through-mun-health-product/ 25/09/2024 1:38 PM Albukhary What wrong with Chlorinated glove? Based on my understabding, all powder free glove are Chlorinated. If you donwan Chlorinate, the go for traditional glove with powder. 25/09/2024 1:44 PM GlobalEquity *** "Blitzkrieg"! *** You got to be very fast in Glove arena. *** Get burnt easily if dragging longer than necessary! 25/09/2024 4:44 PM Income IRGMA explained that manufacturers do not provide certificates to customs verifying that the gloves are non-chlorinated and suitable for healthcare professionals, thereby putting consumers at risk and violating the Bio Medical Waste Management Rules which cause negative impact to the environment. "The non-medical gloves are imported under different varieties of HSN codes and sold as medical-grade gloves, thus jeopardizing the health and safety of patients and medical personnel, the IRGMA said. Requesting the Union Minister's intervention, the IRGMA noted that the Indian glove manufacturing industry is suffering due to ineffective implementation of government rules and regulations, resulting in significant risks to consumer health and safety. MB Bureau 25/09/2024 5:18 PM Income India very dirty player. Our Msian companies like Maxis, AirAsia India got burnt by Indian foul play in India. Even china companies also got burnt by India dirty playing. Kanasai 25/09/2024 5:21 PM Income I got burnt here by Dirty Indian play. Obviously they don’t like chlorinated glov making their hands white but their arms remain the same hue compared to their hands hue??? 25/09/2024 5:25 PM Income This whole week if India 🇮🇳 kacau kacau will drop back to very low. Like local said if you saw Indian and Snake at the same time, what do you do first??? 25/09/2024 5:37 PM  xiaoeh Posted by Income > 3 hours ago | Report Abuse I got burnt here by Dirty Indian play. Obviously they don’t like chlorinated glov making their hands white but their arms remain the same hue compared to their hands hue??? wah... Income sifu got bought TopGlove meh...? at what price leh..? 25/09/2024 8:29 PM xiaoeh Posted by Income > 10 minutes ago | Report Abuse Xiaoeh sifu… Rm1.02 lah Crying 😭 no wori Income sifu there is a one TopGlove sifu very famous one... ... want to consult him...? ask him what to do when price drop 3cent after purchased... 25/09/2024 9:06 PM Eagle77 https://amp.cnn.com/cnn/2024/09/25/asia/india-mpox-first-case-1b-hnk-intl 25/09/2024 9:50 PM Income <Open> <Range> Scib 12/09/2024 0.24, 0.215 - 0.245 Xiaoeh Sifu already reached your Tp. Did you buy Scib? 26/09/2024 5:26 AM xiaoeh Posted by Income > 4 hours ago | Report Abuse Scib 12/09/2024 0.24, 0.215 - 0.245 Xiaoeh Sifu already reached your Tp. Did you buy Scib? Income sifu not yet hit 2 conditions 1) 0.210 2) overall mkt condition not heading to -ve 26/09/2024 10:01 AM hng33 The U.S. government announced a sharp increase in tariffs on Chinese surgical gloves, raising rates to 50% for 2025 and 100% for 2026F. The final modification imposes a much steeper tariff, which will significantly increase Chinese average selling prices (ASPs) to US$25.50/1K pcs by 2025 and US$34/1K pcs by 2026, from the current ASP of US$17/1K pcs. Given that Malaysian manufacturers' blended ASPs of US$19-21/1K pcs currently, Chinese ASPs are expected to exceed those of Malaysian producers by 21%-34% as early as next year. Hence, the reversal of the current price gap between Chinese and Malaysian gloves would enhance the competitive position of Malaysian players. Remark: Topglove export about 15% of its glove to US marke 26/09/2024 11:27 AM Huangbk72 Is the new incoming USA president will keep to this? No one knows Posted by hng33 > 15 minutes ago | Report Abuse The U.S. government announced a sharp increase in tariffs on Chinese surgical gloves, raising rates to 50% for 2025 and 100% for 2026F. 26/09/2024 11:43 AM hng33 Both republican and democrats party are practicing anti-China policy. It will only intensify these critical policy in future to further limit reliance on China on medical supplies and eventually US self-sufficient in medical equipment 'Public Health Is a National Security Issue' 26/09/2024 12:03 PM hng33 The impact on USD weakness is mitigated by fact that 40% of glove manufacture cost are also denominated in USD. The remain negative impact on USD weakness can easily offset entirely by increase glove ASP which have big room of hike in 2025 by 20% from current US$19-21/1K pcs to US$25.50/1K pcs by 2025 to match Chinese glove and further 40% hike ASP potential US$34/1K pcs by 2026 match Chinese glove. Glove profitability in USD= ASP hike + globve volume sold - (feedcost in USD) Remark: The impact on USD weakness is NOT only affect Msia glove manufacture, but also affect Thai and China glove manufacture. USD weakness by 12.5% in RM USD weakness by 10.9% in Thai bath USD weakness by 3.5% in Chinese Yuan Therefore, all top 3 top global glove maker will collectively demand ASP hike to offset USD weakness 26/09/2024 12:40 PM pjflower https://www.enanyang.my/%E8%B4%A2%E7%BB%8F%E6%96%B0%E9%97%BB/%E6%89%8B%E5%A5%97%E9%9C%80%E6%B1%82%E5%A4%8D%E8%8B%8F%E5%BC%BA%E5%8A%B2-%E5%88%B8%E5%95%86%E5%A4%A7%E5%B9%85%E4%B8%8A%E8%B0%83%E9%A1%B6%E7%BA%A7%E7%9B%88%E5%88%A9%E9%A2%84%E6%9C%9F 26/09/2024 3:50 PM hng33 A lot of oversea stockpile previous accumulate during pandemic time have depleted or expire as glove only have shelf life of 3 year, therefore, upon reach expiry, oversea buyer have to dispose off and restart placement order to glove manufacture for new batch of glove, volume load will increase exponentially 26/09/2024 4:03 PM Income xiaoeh 2506 posts Posted by xiaoeh > Sep 25, 2024 8:29 PM | Report Abuse wah... Income sifu got bought TopGlove meh...? at what price leh..? Posted by Income > Sep 25, 2024 8:53 PM | Report Abuse X Xiaoeh sifu… Rm1.02 lah Crying 😭 Whahhh back to Rm1.02 ＊ Tambah minyak laa 26/09/2024 5:50 PM Income Posted by hng33 > Sep 26, 2024 4:03 PM | Report Abuse A lot of oversea stockpile previous accumulate during pandemic time have depleted or expire as glove only have shelf life of 3 year, therefore, upon reach expiry, oversea buyer have to dispose off and restart placement order to glove manufacture for new batch of glove, volume load will increase exponentially ？ Overseas don't dispose old stockpile. They sell cheaply to India or Africa. Siapa mau rugi? That's India shouting now。 26/09/2024 5:53 PM xiaoeh Posted by Income > 1 hour ago | Report Abuse Whahhh back to Rm1.02 ＊ Tambah minyak laa Wah... ... Income sifu time the market cun cun.... 26/09/2024 7:34 PM GlobalEquity *** "Bad" news for Bursa! *** Tides have turned: It's a sin not to pivot to Hang Seng! *** China unleashed hundreds of billions in stimulus packages, and more to come ! *** Chance of a lifetime! 26/09/2024 10:02 PM hng33 This tariff move removes the underutilization of glove makers with a very high margin. Profits are coming back. 26/09/2024 10:10 PM hng33 With tumbling in crude oil price now, glove maker energy cost and major raw material cost, nitrile butadiene will decrease substantially. Both energy and raw material collectively form 20% and 30% respectively, input cost in glove manufacturing. Raw material cost is denominator in USD, offer natural hedge again weak USD Incoming US traffic 50% surcharge on competitor China glove will prompt Msia hike ASP more than offset weakness in USD. This tariff move removes the underutilization of glove makers with a very high margin. Profits are coming back. 26/09/2024 10:35 PM hng33 Based on The Office of the United States Trade Representative (USTR) announced final modifications concerning the statutory review of the tariff actions in the Section 301 investigation of the People's Republic of China's (PRC) Acts, Aside Medical Gloves. Increase rate to 50 percent in 2025 and 100 percent in 2026. Another glove manufacture product, facemask also impose tax increament. Face Masks. Increase rate to 25 percent in 2025 and 50 percent in 2026 26/09/2024 11:22 PM xiaoeh Posted by Loh Kok Wai W > 20 minutes ago | Report Abuse income dulu nama ular... what...?!! cun bo...Mr Loh...? unlikely laa.... Income sifu... 26/09/2024 11:33 PM Income Posted by xiaoeh > Sep 26, 2024 11:33 PM | Report Abuse Posted by Loh Kok Wai W > 20 minutes ago | Report Abuse income dulu nama ular... what...?!! cun bo...Mr Loh...? unlikely laa.... Income sifu... ？ Saman malu itu LKW. I'm not ular。Go to check your eyesight s， 27/09/2024 6:05 AM  | |
