Highlights

Koon Yew Yin's Blog

Author: Koon Yew Yin   |   Latest post: Sat, 23 Jan 2021, 5:58 PM

 

All glove stocks dragged down by Top Glove - Koon Yew Yin

Author:   |    Publish date:


Malaysia reported a record 1,884 new COVID-19 cases on Monday (Nov 23), following a spike in infections linked to workplace clusters in the Klang Valley.

This is the highest daily number of new cases since the outbreak of COVID-19 in the country, said Health Director-General Noor Hisham Abdullah.

Malaysia has recorded a total of 56,659 COVID-19 infections to date, of which 13,842 are active cases. Two more fatalities - both in Sabah - were also recorded on Monday, taking the national death toll to 337.

On Nov 23: Top Glove Corp Bhd has confirmed that it will temporarily shut down 28 factories in Klang, Selangor following an insurgence of Covid-19 cases among its workers. Top Glove, the world's largest glove manufacturer, has 41 factories in Malaysia.

Malaysian government has ordered staggered closures after surge in COVID-19 cases at world’s biggest glove maker.

Top Glove worker hostels west of Kuala Lumpur have been under a strict lockdown for a week. Now the government has ordered phased factory closures so all staff can be tested for COVID-19

Top Glove, the world’s biggest manufacturer of medical gloves, has said it will fully cooperate with the Malaysian government on the staggered closure of its factories to allow all staff to be screened for COVID-19 amid an escalating outbreak of the coronavirus among its workforce.

 

Top Glove price chart shows that it has been dropping in the last 1 month despite its aggressively share buy backs. Today the share price of Top Glove dropped from Rm 7.35 to Rm 6.80, a drop of 55 sen which dragged down all the other glove stocks.

Hartalega dropped 28 sen

Kossan dropped 27 sen

CarePlus dropped 13 sen

Comfort dropped 12 sen

Rubberex dropped 10 sen

Supermax dropped 9 sen

Due to Covid 19 pandemic the demand for medical gloves far exceeds supply and all the glove makers are increasing their selling prices to make more and more profit. Many scientists predicted that the pandemic will take at least another 1 or more years to control despite the discovery of vaccines.

Today all the prices of glove stocks dropped does not mean that all the glove stocks will continue to drop. In fact, this situation has created an opportunity for smart investors to sell some not so good stocks or non performing stocks to buy better stocks to make more money. The best way is to look at their price charts to select the best performer.

Supermax is making more earning per share (EPS) in every quarter since the pandemic began in March, than any of its peers, namely Top Glove, Kossan, Hartalega, Comfort Glove, Care Plus and Rubberex, etc. as you can see from their price charts.

All investors should not miss this opportunity to make more money from the stock market.

 

 

 

 

Share this
Labels: TOPGLOV

Related Stocks

Chart Stock Name Last Change Volume 
TOPGLOV 6.25 +0.23 (3.82%) 47,660,400 

  Be the first to like this.
 
williamh As tg may continue going south due to margin call and short sellers and the dragging game may repeat,it happened in tg factory it may happened in other factory as well,catching a falling knife is just too Ricky
24/11/2020 10:12 PM
Policy No risk no return
25/11/2020 11:51 AM
zhen wei & JP Margin call happening lately.
This could affect up to 70% contra/margin holder.
25/11/2020 12:04 PM
stockraider I still remember when sifu calvin 1st promoted Gloves beginning of the year, if Raider just listen to sifu calvin n buy....b4 the price spike up, raider would have make few hundred percent gain loh...!!

Raider regret did not follow & do it immediately, when gloves still at a very low affordable price loh...!!

Raider now realise plantation stocks are something like Gloves situation beginning of the Year mah...!!

Just buy b4 spike up loh...!!

Posted by calvintaneng > Nov 25, 2020 11:54 AM | Report Abuse

As cpo prices maintain above Rm3300 a tonne all palm oil stocks will be good to very good



Posted by calvintaneng > Nov 25, 2020 11:56 AM | Report Abuse

As a rising tide of lifts all boats so rising cpo prices will be universally good for all palm oil share as a whole
25/11/2020 1:13 PM
Sales Most of the palm stock are no profit, have to wait a few more quarters only can see profit. Still a long way to go.
25/11/2020 3:18 PM


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
Perform Technical & Fundamental Analysis on Stocks
MQ Affiliate
Earn rewards by referring your friends
 
 

564  409  601  26 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 TRIVE-OR 0.0050.00 
 QES 0.38+0.04 
 KSTAR 0.21-0.045 
 DNEX 0.26+0.005 
 BIOHLDG 0.30+0.04 
 DYNACIA 0.120.00 
 LAMBO 0.030.00 
 MCLEAN 0.325+0.095 
 AT 0.180.00 
 VSOLAR 0.040.00 

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!

TOP ARTICLES

1. STEEL Industry - HOT ! ! The Huat Project
2. Malaysia Electronics Industry 5G TECH MANUFACTURING
3. SUPERMAX - HEAVILY SELL OFF ACTIVITIES(RUN) RISE OF TITAN
4. SILTERRA SAGA : GPACKET NOT BIDDER,COUNTING SECONDS FOR DNEX Official Opinion by Tuan Capital
5. Tenaga Nasional - MCO impact not as severe as 2QFY20 AmInvest Research Reports
6. Daily technical highlights – (SCIB, KGB) Kenanga Research & Investment
7. Mplus Market Pulse - 22 Jan 2021 M+ Online Research Articles
8. A BEARISH outlook for Covid-19. GENERAL
PARTNERS & BROKERS