Highlights

Rubber Glove companies till year 2023

Author: koolset   |   Latest post: Wed, 20 Jan 2021, 6:22 PM

 

What are the investors in Topglove (7113) going to do?

Author:   |    Publish date:


According to the news, 28 out of 46 Top Glove factories will cease operations in stages. That is 60% of topglove operations.

Question remains:
What is going to happen to Topglove share during this short period?

Some has speculated that the share price of 7.35 to fall as many of their production lines will not be operating for a certain period of time. This could result in a loss of revenue and profit for the time being.

There is a chance that conservative investors from Topglove may start jumping boat to other glove companies such as SuperMax (8.16), Rubberex (2.03), Hartalega (14.46), Kossan (6.30) & Careplus (2.78) for a safe and slow gain growth.

There will also be investors from Topglove that will take this chance to play a little aggressively by investing into new glove companies such as AT (0.17), Solcan (0.29), Mah Sing (0.89), Luster (0.18) and others for a more risky and faster gain after these new glove companies start to produce gloves.

Many topglove current investors are very confident that the share price will not drop too heavily and will come back stronger than ever. On the other hand, other potential investors has already started eyeing on Topglove share price to fall so that they can buy at its lower share price.

In my opinion, it could take a while for Topglove to recover their share price to 7.35 again after the fall tomorrow. Their shares are most likely to rebound after they manage to solve their workers hostel situation and their workers health issues.

Reference:

https://www.freemalaysiatoday.com/category/nation/2020/11/23/28-top-glove-factories-in-klang-to-close-in-stages/
 

Share this
Labels: TOPGLOV

Related Stocks

Chart Stock Name Last Change Volume 
TOPGLOV 6.14 +0.01 (0.16%) 21,811,700 

  Be the first to like this.
 
williamh Margin call is next and short sellers as well,never try catch the falling knife
24/11/2020 9:56 PM


APPS
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
 
 

559  433  624  487 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 HPPHB 0.71+0.14 
 MTOUCHE 0.0650.00 
 WIDAD 0.66-0.005 
 ANZO 0.105+0.025 
 DGB 0.125-0.05 
 VIZIONE 0.275-0.03 
 KSTAR 0.32+0.065 
 KTG 0.25-0.015 
 AT 0.1750.00 
 PNEPCB 0.33-0.01 

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