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KLSE: TOPGLOV       TOP GLOVE CORPORATION BHD
Last Price Avg Target Price   Upside/Downside Price Call
8.99 7.82     -1.17 (13.01%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
19/01/2018 9.19 11.48 +2.29 (24.92%) BUY MACQUARIE GROUP Price Target News
15/01/2018 9.08 8.75 -0.33 (3.63%) HOLD PUBLIC BANK Price Target News
15/01/2018 9.08 9.40 +0.32 (3.52%) HOLD KENANGA Price Target News
15/01/2018 9.08 9.95 +0.87 (9.58%) BUY HLG Price Target News
12/01/2018 8.81 10.10 +1.29 (14.64%) BUY Affin Hwang Capital Price Target News
20/12/2017 7.59 7.86 +0.27 (3.56%) BUY PUBLIC BANK Price Target News
20/12/2017 7.59 8.20 +0.61 (8.04%) BUY KENANGA Price Target News
20/12/2017 7.59 8.20 +0.61 (8.04%) BUY JF APEX Price Target News
20/12/2017 7.59 8.47 +0.88 (11.59%) BUY HLG Price Target News
20/12/2017 7.59 6.50 -1.09 (14.36%) HOLD BIMB Price Target News
20/12/2017 7.59 8.50 +0.91 (11.99%) BUY Affin Hwang Capital Price Target News
12/12/2017 6.60 8.00 +1.40 (21.21%) BUY Affin Hwang Capital Price Target News
27/11/2017 6.74 7.86 +1.12 (16.62%) BUY PUBLIC BANK Price Target News
27/11/2017 6.74 7.96 +1.22 (18.10%) BUY MACQUARIE GROUP Price Target News
27/11/2017 6.74 7.60 +0.86 (12.76%) BUY KENANGA Price Target News
27/11/2017 6.74 6.64 -0.10 (1.48%) BUY Affin Hwang Capital Price Target News
15/11/2017 6.81 7.96 +1.15 (16.89%) BUY MACQUARIE GROUP Price Target News
19/10/2017 6.35 5.53 -0.82 (12.91%) HOLD MIDF Price Target News
19/10/2017 6.35 7.10 +0.75 (11.81%) BUY KENANGA Price Target News
19/10/2017 6.35 5.74 -0.61 (9.61%) HOLD HLG Price Target News
19/10/2017 6.35 6.36 +0.01 (0.16%) HOLD AMMB Price Target News
16/10/2017 6.14 5.53 -0.61 (9.93%) HOLD MIDF Price Target News
16/10/2017 6.14 6.60 +0.46 (7.49%) BUY KENANGA Price Target News
16/10/2017 6.14 6.85 +0.71 (11.56%) BUY JF APEX Price Target News
16/10/2017 6.14 5.74 -0.40 (6.51%) HOLD HLG Price Target News
16/10/2017 6.14 6.50 +0.36 (5.86%) HOLD BIMB Price Target News
16/10/2017 6.14 6.22 +0.08 (1.30%) HOLD AMMB Price Target News
16/10/2017 6.14 6.64 +0.50 (8.14%) BUY Affin Hwang Capital Price Target News


Price Target Research Article/News (past 6 months)
19/01/2018  MACQUARIE GROUP Top Glove’s Strengthened Competitive Position
15/01/2018  PUBLIC BANK Top Glove Corporation Berhad - The Largest Surgical Glove Maker
15/01/2018  KENANGA Top Glove Corporation - Milestone Acquisition Signed, Good News Priced In
15/01/2018  HLG Top Glove - Aspirations of a Surgical Glove Monolith
12/01/2018  Affin Hwang Capital Top Glove - Deriving Value From Attractively Priced Aspion
20/12/2017  PUBLIC BANK Top Glove Corporation Berhad - A Robust Start
20/12/2017  KENANGA Top Glove Corporation - Solid 1Q18, Momentum to Continue
20/12/2017  JF APEX Top Glove Corporation Berhad - A Strong Start
20/12/2017  HLG Top Glove - Starting FY18 With a Bang
20/12/2017  BIMB Top Glove - 1QFY18 Results Review
20/12/2017  Affin Hwang Capital Top Glove - Here Comes the Tide
12/12/2017  Affin Hwang Capital Top Glove - It’s Still Not Too Late to Catch the Tide
27/11/2017  PUBLIC BANK Top Glove Corporation Berhad - To Become The Largest Surgical Glove Player
27/11/2017  MACQUARIE GROUP Top Glove Plans to Acquire Aspion
27/11/2017  KENANGA Top Glove Corporation - Earning and Value Accretive Acquisition
27/11/2017  Affin Hwang Capital Top Glove (BUY, Maintain) - A Very Good Deal Indeed
15/11/2017  MACQUARIE GROUP Positive Earnings Outlook for Top Glove
19/10/2017  MIDF Top Glove - Targeting 10% Growth In Revenue And Earnings Growth Anually
19/10/2017  KENANGA Top Glove Corporation - Evolving From Good To Great
19/10/2017  HLG Top Glove - A Steady Sailing Ship
19/10/2017  AMMB Top Glove Corp - Buoyant outlook ahead
16/10/2017  MIDF Top Glove - Revenue Boosted By Newly Operational Production Lines
16/10/2017  KENANGA Top Glove Corporation - Solid 4Q17, Momentum To Continue
16/10/2017  JF APEX Top Glove Corporation Berhad - Better Days Ahead
16/10/2017  HLG Top Glove - A Satisfactory FY17
16/10/2017  BIMB Top Glove - Meeting the mark
16/10/2017  AMMB Top Glove Corp - 4QFY17 within expectations
16/10/2017  Affin Hwang Capital Top Glove (BUY, Maintain) - Ending the Year on a Firm Note



  10 people like this.
 
Chin Leong IB report next week will release dun worry
12/01/2018 14:32
investor81 Hi Chin Leong, "Finessis incentive" is pay by topglove to vendor (aspion)
12/01/2018 14:32
investor81 in summary,
TopGlove need to pay Aspion one time 1,370m (cash+shares) + "Finesis incentive" in 3 financial years.
Aspion guarantee PAT for 2 financial years. Total 80.9+108.3 = 189.2m (Any shorfall, Aspion will pay but capped at 100m)
12/01/2018 14:40
Chin Leong investor81 i think you are correct
12/01/2018 14:42
Chin Leong Just wonder how much the finessis pat
12/01/2018 15:00
investor81 yes, the variable now is finessis incentive.

Assume 1,300m loan, 3% interest, 39m interest per year, 81m extra profit from Aspion for first year.
meaning extra profit 42m or eps 3.35

break even level is finessis PAT 12.367m, TopGlove need to pay 41.875m incentive. All extra profit 42m will be use to pay incentive...

can have more complicated calculation, I leave it to IB professional and account analyst...
12/01/2018 15:21
investor81 imho, TopGlove should set maximum cap at the finessis incentive.

if finessis super hot selling, PAT 20m, TopGlove pay incentive only already vomit blood... TopGlove got think about it??
12/01/2018 15:57
Chin Leong I think topglove management not stupid and they wont acquire the company without profit . wait for the analyst report
12/01/2018 16:14
haron89 wahh got new warrant..c 27..I think it will fly next week..all glove have positive news and next week should kaboom
12/01/2018 16:28
Mohd Fahmi Bin Jaes With the inclusion of Aspion’s revenues, the contribution of surgical gloves to the enlarged group’s annual revenue is expected to increase from about 5.0% to 13.0%.
http://www.theedgemarkets.com/article/top-glove-finalises-acquisition-aspion-rm137b
12/01/2018 17:26
ivan9511 haha. my tg today up.a lot
congratulations
12/01/2018 20:02
kevin008 https://m.facebook.com/story.php?story_fbid=2076904639196257&id=2017748508445204
12/01/2018 20:54
Mohd Fahmi Bin Jaes www.theedgemarkets.com/article/top-glove-buy-2-more-companies-year-targets-4-more-2019
12/01/2018 22:03
Rusli Widad Top Glove Corp Bhd has signed a conditional share purchase agreement with Adventa Capital Pte Ltd to acquire the entire equity interest in glove manufacturer Aspion Sdn Bhd for RM1.37 billion.

Top Glove said RM1.23 billion of the purchase consideration will be satisfied with cash, funded entirely from a combination of conventional term loan and Islamic term financing.

The remainder RM137 million would be via the issuance of some 20.51 million new Top Glove shares at about RM6.68 apiece.

The group also plans to buy two more companies this year and is on the lookout to acquire four more companies by 2019.
13/01/2018 07:19
Mohd Fahmi Bin Jaes Dow Jones 25,803.189 +228.46 0.89%
Nasdaq 7,261.06 +49.285 0.68%
13/01/2018 08:47
Pilotsport Epf sell already....haha
13/01/2018 17:49
Perfectinvestor Top glove price is increasing even EPF is selling. If EPF stopped selling or start buying, TG price will break RM10 soon!
13/01/2018 17:58
meistsk3134 perfectinvestor, if u take a look EPF selling and buying method, mostly EPF selling, u can see the price will shoot up, EPF buying, price will dropping. are u newbie?
13/01/2018 21:19
Perfectinvestor Thanks, meistsk3134 for sharing
14/01/2018 05:44
Kendo Ken Hz Building solid bases at rm9,
tp 10 will reach next week likely
14/01/2018 11:02
Kendo Ken Hz Owners are aiming to be bigger than Hartas mktcap..soon.
Kudos
14/01/2018 19:19
Larrytrader Like this company and director will wait for time to buy
14/01/2018 20:32
meistsk3134 i only see topglove want keep expand their business compare other glove company.
this uncle lim really have big dream
14/01/2018 21:18
Mohd Fahmi Bin Jaes http://www.theedgemarkets.com/article/cimb-ib-research-raises-target-price-top-glove-rm10
15/01/2018 08:58
investor81 first IB re-rate post Aspion confirmation, CIMB IB Research raises target price for Top Glove to RM10.


“We raise our FY18-20F EPS by 3-20% to reflect Aspion’s earnings contribution to the group.

“Maintain Add on Top Glove, with a higher target price of RM10.00, now based on 22.4x CY19F P/E vs. 19x previously, a 20% discount to our target P/E for Hartalega (28x),” it said.
15/01/2018 09:47
Shahrizal Sukri believe that is panic selling. What happened?
15/01/2018 10:48
investor81 another case of buy on rumors, sell on news... anyway, TG good in long term...
16/01/2018 09:59
berkshire168 Topglove will continue to acquire company. Careplus will be in the line up
16/01/2018 12:00
Kenneth Goh which cW worth to buy
16/01/2018 16:29
JN88 Aiyoyo RM 9 cant tahan ar?
16/01/2018 16:53
MalaysiaKaki Topglov faster go up rm10!
16/01/2018 19:15
Eatenbyshark Dun forget topglove buying it with a loan
16/01/2018 22:10
Mohd Fahmi Bin Jaes 15-Jan-2018 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 221,000 shares on 10-Jan-2018.
17/01/2018 09:46
Myeye Sooner & later sure will touch RM10 ~.~
17/01/2018 11:22
Kendo Ken Hz Very strong bargain hunting, when there are drop. Good sign of solid stocks.
17/01/2018 19:43
lindako Luckily added some more add 8.79, HAPPY
17/01/2018 20:23
aiinvestor US semiconductor index hit a new high!!
17/01/2018 23:52
nekosan what related to topglove ? topglove produce semiconductor now ?
18/01/2018 11:38
Kendo Ken Hz Solid bases built at above 9.....nice stocks
18/01/2018 13:31
Mohd Fahmi Bin Jaes https://www.thestar.com.my/business/business-news/2018/01/19/ringgit-at-highest-to-us$-since-may-2016/
19/01/2018 13:24
nekosan wow bad news for gloves ?profit will shrink
19/01/2018 14:21
Frank Tan Profit increase,offset by currency loss a bit,
Still GOOD
19/01/2018 16:41
meistsk3134 after march. rm currency will b to 4. or sell it on rm9.
19/01/2018 17:00
lindako Such is sell n take profits la
19/01/2018 17:39
HH2004227 Another IB giving buy call but the price hardly up
19/01/2018 18:03
Mohd Fahmi Bin Jaes When ib give buy call, sell on news
19/01/2018 18:04
Kendo Ken Hz IB word is buy, action is Sell, tipu..
19/01/2018 18:13
nekosan if a company only depend on currency for the profit then those company wont last long ... good example is evergreen, i believe topglove wont be affected by weak USD that much with more revenue
19/01/2018 19:33
Perfectinvestor Agreed, nekosan. Good management know how to manage external uncontrollable success factors such as weak USD. They manage internal processes and on what they can manage against any unfavourable external factors.
20/01/2018 09:45
meistsk3134 I hope u guy here good luck and be god investor. There still lot effect will efffect topglov after march. Then u guy better dun run away hiding. Trade with own risk.
20/01/2018 12:12


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