Koon Yew Yin's Blog

Author: Koon Yew Yin   |   Latest post: Tue, 19 Jan 2021, 11:39 AM


Should we buy Top Glove since it has been plunging due its 28 factories shut down? Koon Yew Yin

Author:   |    Publish date:

Many people in my chat group wanted to know if we can take advantage of Top Glove’s price plunge to make some money.

Top Glove

The 1-month price chart shows it has dropped from Rm 8.90 to close Rm 6.65, a drop of 25%.

Its latest quarter ending August EPS was 15.95 sen and its previous quarter EPS was 6.80 sen, an increase of 135%.

Just assumed that it cannot increase its selling price for its gloves, its EPS for the next 4 quarters will be 15.95 X 4 = 63.8 sen

Based on PE 15 X 63.80 = Rm 9.57, its target price.    




For comparison I will use the same way I used to calculate the target price for Top Glove.

The 1-month price chart shows that it has dropped from Rm 9.85 to close at Rm 8.08, a drop of 18%.

Its latest quarter ending September EPS was 30.58 sen and its previous quarter was 15.29 sen, an increase of 100%.

Just assumed that it cannot increase its selling price for its gloves, its EPS for the next 4 quarters will be 30.58 X 4 = Rm 1.22

Based on PE 15 X Rm 1.22 = Rm 18.30, its target price.    


Share this

Related Stocks

Chart Stock Name Last Change Volume 
TOPGLOV 6.27 -0.07 (1.10%) 6,198,800 
SUPERMX 6.63 -0.05 (0.75%) 3,258,300 

  wayne_klse likes this.
CCCL TG has become a scapegoat!
26/11/2020 10:45 AM
longranger TG eps will be >30cts for coming qtr. if follow the kindergarden calculation...30cts x 4qtr x 15pe = RM18 ???
26/11/2020 1:10 PM
speakup look like PN minister going to fine Topglove kaw kaw RM1 BILLION to raise money for Budget 2021
26/11/2020 1:51 PM
minginvest if give TG 15pe means supermx 8pe lo?
26/11/2020 3:51 PM
Sansing Better buy AT instead of tis big elephant. Too big hard to move loh!
27/11/2020 10:03 AM
probability by opening comment box....uncle now wants to read the retailers mind....


please tell what you all think on supermax...and what shares will be the next theme play...like O&G or tourism (genm , airasia) or..plantation...tell tell please
27/11/2020 2:24 PM
benlim wah... so easy mathematics.
27/11/2020 4:58 PM
Jim Tan Nothing to do with The 28 Factory closing down.... I wonder what he analyst.
27/11/2020 5:04 PM
probability PM: Covid-19 vaccines for 6.4 million Malaysians as early as January next year


Covid-19 vaccine will be safe for Malaysians, promise Pfizer and BioNtech

27/11/2020 6:56 PM
probability 30 pc will be vaccinated

27/11/2020 7:33 PM
ooi8888 没有原则的老废材,快点收档啦。
27/11/2020 8:55 PM
william79 There is a hidden agenda in his every post. Please becareful.
28/11/2020 7:42 AM
cicakman Senile oldman.
28/11/2020 7:59 AM
newbie8080 Buy a stock based on your understanding not from others.
Learn to do your own valuation and be good at it.
Prove to others than you do not require to follow the herd.
Buy or sell at your own judgement as it is your own hard earned money.
Unless somehow, you received a large donation of USD600 mil.
28/11/2020 1:06 PM
stockraider Yes never believe in kyy, just switch to insas loh...!!

The best & the safest stock to invest in klse now is INSAS loh...!!

Posted by banchin65 > Nov 28, 2020 12:04 PM | Report Abuse

How can we believe an old trader like KYY?
28/11/2020 1:14 PM
CharlesT Sifu Probability left glove theme ah...if not dont overstay for too long like the previous Heng Yuan n steel play ah
28/11/2020 1:17 PM
stockraider Post removed. Why?
28/11/2020 1:18 PM
CharlesT A lot of glove fanatics fail to understand while glove co keeps posting record profit while their prices keep coming down...

Dont ask me why why why like that one leh...1+1 =2 right??
28/11/2020 1:19 PM
probability sifu charles, vaccine news 95% effectiveness comes out...i quickly leave 5% only on gloves....
28/11/2020 1:20 PM
CharlesT Lol...this round responds fast...hope u hv a great investment year this year

Now lets c 2021
28/11/2020 1:21 PM
stockraider Post removed. Why?
28/11/2020 1:22 PM
probability good to go for very defensive stocks like BAT...LC titan etc...and Genm i guess...

i have also started punting on O&G stocks..

we cannot wait too long and miss the boat
28/11/2020 1:22 PM
gohkimhock Finance and construction counters will rule Bursa trading next week.
28/11/2020 1:23 PM
CharlesT BAT fantastic DY with fantastic upside potential...mana mau cari..
28/11/2020 1:24 PM
CharlesT The only sector i dare not hold in 2021 is glove co...

Unless price drops rm1 when news of another vaccine comes out...lol
28/11/2020 1:25 PM
Beltland Heat wave for glove stock already over , a lot of undervalued potential company waiting to give you big angpow money !!
28/11/2020 1:26 PM

I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
Stock Screener using Technical and Fundamental criteria
MQ Affiliate
Join the MQ Affiliate Program today to earn rewards

412  477  574  1028 

Top 10 Active Counters
 VSOLAR 0.040.00 
 PA 0.18+0.005 
 PNEPCB 0.35-0.03 
 ARBB 0.295+0.02 
 SAMAIDEN 2.03+0.35 
 CYPARK 1.50+0.16 
 KTG 0.265-0.005 
 CONNECT 0.235+0.01 
 MESTRON 0.22+0.005 
 QES 0.3550.00 


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!