Highlights

gloveharicut

Author: gloveharicut   |   Latest post: Sat, 24 Oct 2020, 10:31 AM

 

Top Glove spent RM328.5 mil so far this month for share buybacks

Author:   |    Publish date:


{{{PM me to join GLOVE Private Discussion Room}}}

I invite you to read my blog and make a smart GLOVE decision.

https://klse.i3investor.com/blogs/gloveharicut/blidx.jsp

 

I am reproducing the The Edge article to my blog.

This post don't have any value added content.

Compile here for my own record.

Please skip if you don't like it.

 

https://www.theedgemarkets.com/article/top-glove-spent-rm3285-mil-so-far-month-share-buyback

Top Glove spent RM328.5 mil so far this month for share buybacks

 

Top Glove spent RM328.5 mil so far this month for share buyback

KUALA LUMPUR (Sept 22): Top Glove Corp Bhd, whose cash pile ballooned to RM1.21 billion, continued its share buyback this week.

The world’s biggest rubber glove producer has spent RM118.61 million to buy back a total of 14.85 million shares so far this week.

The group seems to be spending big money on share buyback after its share price had been capped in recent weeks. Since the start of the month, the group has acquired a total of 44.59 million shares for RM328.51 million on five trading days (see table).

The latest bourse filing shows that Top Glove bought back some 2.36 million shares today for RM18.85 million.

Meanwhile, in a separate filing, the company announced its executive director Lim Cheong Guan has been trimming his stake in the company, disposing of a total of 380,000 shares since Sept 17.

He sold 300,000 shares last Thursday at RM8.05 per share, 50,000 shares the following day at RM8.06 per share and 30,000 shares today at RM8.09 per share.

Following the disposal of shares, Lim directly holds 557,800 shares, equivalent to a 0.007% stake in Top Glove.

Top Glove’s share price has retreated from its record high of RM9.47 on Aug 6 to close at RM8.03 today. Still, the stock has gained 412% year to date, making it the second largest stock with a market capitalisation of RM65.31 billion.

 

Share this
Labels: TOPGLOV

Related Stocks

Chart Stock Name Last Change Volume 
TOPGLOV 8.70 -0.20 (2.25%) 33,599,300 

  Be the first to like this.
 
Aero1 Can Top Glove sell these shares in HKEX? If can sell at RM10, that is a hefty 25% gain in just short span of time.
23/09/2020 8:18 AM


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
View candlestick stock charts with Technical indicators
MQ Affiliate
Be rewarded by being an MQ Affiliate
 
 

214  861  482  609 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 KGROUP-OR 0.005-0.005 
 MLAB 0.02-0.005 
 AT 0.080.00 
 LAMBO 0.030.00 
 IRIS 0.265-0.04 
 LUSTER 0.175-0.015 
 DGSB 0.20+0.015 
 DAYA 0.015+0.005 
 MAHSING 1.04-0.10 
 DSONIC-WA 0.23-0.03 

FEATURED POSTS

1. The Equity Market Index Benchmark in Malaysia CMS
2. Trading Scenarios of Derivatives Bursa Derivatives Education Series
3. Derivatives 101 Bursa Derivatives Education Series
4. Why Trade FKLI? Bursa Derivatives Education Series
5. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!
PARTNERS & BROKERS