Highlights
KLSE: TOPGLOV (7113)       TOP GLOVE CORP BHD MAIN : Health Care
Last Price Today's Change   Day's Range   Trading Volume
4.00   0.00 (0.00%)  3.94 - 4.05  10,001,100
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Overview

Market Cap: 32,827 Million
NOSH: 8,207 Million
Avg Volume (4 weeks):24,733,831
4 Weeks Range:3.64 - 4.22
4 Weeks Price Volatility (%):
62.07%
52 Weeks Range:3.64 - 29.30
52 Weeks Price Volatility (%):
1.40%
Average Price Target: 6.25
Price Target Upside/Downside: +2.25

Financial Highlight

Latest Quarter | Ann. Date 31-May-2021 [#3]  |  09-Jun-2021
Next QR | Est. Ann. Date: 31-Aug-2021  |  17-Sep-2021
T4Q P/E | EY: 3.83  |  26.12%
T4Q DY | Payout %: 16.67%  |  63.84%
T4Q NAPS | P/NAPS: 0.8388  |  4.77
T4Q NP Margin | ROE: 49.99%  |  124.53%

Headlines

Date Subject
21-Jul-2021 Labour abuse still prevalent in glove industry: What says you, MARGMA?
16-Jul-2021 Traders Brief - Potential Rebound Towards 1545-1556 Levels on Aggressive Vaccination Pace
12-Jul-2021 PublicInvest Research Headlines - 12 Jul 2021
12-Jul-2021 Gloves Companies – Malaysia - Glove Manufacturers Deemed Non-Essential Under EMCO
10-Jul-2021 Selangor police probing Top Glove for moving 1,606 factory workers from PJ hostel to hotels before TEMCO
08-Jul-2021 Klang disaster management chief: 28 Top Glove factories in Meru stop operations due to EMCO
08-Jul-2021 手套股中的 BIG FOUR (HARTA, TOPGLOVE, KOSSAN, SUPERMX - 排名不分先後) 究竟哪家更好?
07-Jul-2021 雪州厂EMCO停运影响产能 手套股4大天王财测下调
07-Jul-2021 Top Glove - Top Glove shut down Klang operations
07-Jul-2021 EMCO: Suspension of glove factories' operations affect earnings, overseas interests, says Maybank IB
07-Jul-2021 Mplus Market Pulse - 7 Jul 2021
07-Jul-2021 Gloves - Delta variant, EMCO shutdowns
07-Jul-2021 PublicInvest Research Headlines - 7 Jul 2021
07-Jul-2021 Rubber Gloves - Gloves deemed non-essential during EMCO
07-Jul-2021 Glove makers in Selangor shut down temporarily due to EMCO
07-Jul-2021 Malaysia Gloves Sector - Sector Facing a Triple Whammy
06-Jul-2021 Top Glove confirms temporarily shutting Klang factories, pending NSC clarification on EMCO
06-Jul-2021 Top Glove's Miti letter for EMCO operations revoked - ministry source
02-Jul-2021 Malaysia Glove Makers - Entering a Phase of Declining ASP Trend
02-Jul-2021 Rubber Gloves - ASPs Decline, But Shortage Remains

Business Background

Top Glove Corp Bhd manufactures and sells gloves through several product lines to a diverse group of global customers. Some of the different glove options include latex, nitrile, vinyl, and surgical. Top Glove’s products are utilized in an array of end markets such as aerospace, food, beauty, medical, and home care. Traditionally, the company has derived over half of its sales from its nitrile and powdered latex product lines, with customers in North America and Europe generating the most demand. Products like the powdered latex gloves are built to meet various quality standards and provide comfort, protection, and other functionalities.
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  56 people like this.
 
xiaomixiaohai Show ur proofs otherwise u won't be camping here daily to flag out negative comments lah
28/07/2021 4:02 PM
feikeiwong Some pipu like crash to Holland let them be
28/07/2021 4:04 PM
feikeiwong Mayb they like hookah weed
28/07/2021 4:05 PM
UlarSawa You want proof then you 2 meet outside lah. Like YAB Datuk Seri Paktua offer this troller claimed. privacy lah. Correct?


Amazonboy I keep topping up at dips...very low paper loss.Lol
28/07/2021 3:57 PM

xiaomixiaohai Show ur proofs otherwise u won't be camping here daily to flag out negative comments lah
28/07/2021 4:02 PM
28/07/2021 4:06 PM
xiaomixiaohai U topping up from top price means u paper loss loh...soh lan amazonpoy
28/07/2021 4:06 PM
Amazonboy I am person with principles....if shorties talk bad about a good co. Like TOP GLOVE...this is wrong...nothing personal...Lol
28/07/2021 4:06 PM
kami82 TG already break their support at 4.0

Let see if any pullback tomorrow
28/07/2021 4:06 PM
xiaomixiaohai U called it banned by USA because of forced labour a good company? Lol
28/07/2021 4:10 PM
xiaomixiaohai Until today cannot even resolve the ban ah....that means forced labour is the truth loh
28/07/2021 4:11 PM
BrusaCasino Malaysia - democratic
China - socialism
Vietnam - socialism
Thailand - monarchy
28/07/2021 4:11 PM
UlarSawa You pun tak tau ke. Palm Oil companies like sime darby and FGV also kena fitnah using forced labour by US. Sudah 8 bulan still not settle yet lah. You ingat so easy kah. Depend on US mood lah. Correct?


xiaomixiaohai Until today cannot even resolve the ban ah....that means forced labour is the truth loh
28/07/2021 4:11 PM
.
28/07/2021 4:14 PM
UlarSawa You think US takda forced labour ke. You goggles lah. Double standard lah. Correct?



xiaomixiaohai U called it banned by USA because of forced labour a good company? Lol
28/07/2021 4:10 PM
28/07/2021 4:16 PM
xiaomixiaohai Fitnah or not....only u went to the ground turun padang & check then u know...talk to those workers...fly ur tiny drones see lah
28/07/2021 4:17 PM
xiaomixiaohai So TG denied about forced labour means they are dishonest no integrity loh
28/07/2021 4:18 PM
Amazonboy Hari ini dalam sejarah la... TSLWC ady say TG will be number 1 in ESG
28/07/2021 4:20 PM
UlarSawa TG boss sudah rectified the issue mah. Wtg US inspector to review lah. Angmoh working attitude you bukan tak tau. Slow like tortoise lah. Thats why China catch up and beating them lah. You takda baca newspaper kah. You lagi mau fitnah meh. Go giggles newspaper lah. Correct?


xiaomixiaohai So TG denied about forced labour means they are dishonest no integrity loh
28/07/2021 4:18 PM
28/07/2021 4:21 PM
xiaomixiaohai https://www.theedgemarkets.com/article/malaysian-companies-esg-practices-come-under-more-scrutiny

Maybank Kim Eng’s Anand opines that it is not the ESG issues alone that are weighing on the share prices of companies in the glove and plantation sector, but also their immediate earnings prospects. For glove makers, the average selling prices (ASPs) are falling much faster than expected, so their earnings outlook is much less bullish than six months ago, he adds.

Structurally, there is also a new big global supplier of gloves emerging from China, and this has negative implications for the longer-term earnings growth and valuation multiples of the rubber glove sector, says Anand.
28/07/2021 4:23 PM
xiaomixiaohai No.1 in ESG? Cannot even resolve USA CBP ban
28/07/2021 4:24 PM
xiaomixiaohai https://www.scmp.com/news/asia/article/3132279/us-customs-seizes-shipment-malaysias-top-glove-over-forced-labour#:~:text='s%20Top%20Glove%20Corp%20Bhd,medical%20glove%20maker's%20production%20process.

US Customs seizes shipment from Malaysia’s Top Glove over forced labour

Officials said they seized 3.97 million nitrile disposable gloves on indications they were made by forced labour

The indicators included debt bondage, excessive overtime, abusive working and living conditions, and retention of identity documents, US Customs said
28/07/2021 4:26 PM
UlarSawa https://www.theedgemarkets.com/article/top-glove-significant-improvements-achieved-resolving-forced-labour-issues-after-engaging



https://asia.nikkei.com/Business/Companies/Top-Glove-faces-ESG-reckoning-on-forced-labor-allegations
28/07/2021 4:26 PM
UlarSawa https://www.channelnewsasia.com/news/business/top-glove-malaysia-us-customs-labour-sales-results-14978612#:~:text=In%20April%2C%20Top%20Glove%20said,ethical%20trade%20consultant%20Impactt%20Limited.
28/07/2021 4:28 PM
UlarSawa US seized gloves from TopGlove bcos they want FOC gloves dont want to pay mah. Clever way to seize the shipment lah. Macam lanun style ini macam pakai rompak juga. Correct?



xiaomixiaohai https://www.scmp.com/news/asia/article/3132279/us-customs-seizes-shipm....

US Customs seizes shipment from Malaysia’s Top Glove over forced labour

Officials said they seized 3.97 million nitrile disposable gloves on indications they were made by forced labour

The indicators included debt bondage, excessive overtime, abusive working and living conditions, and retention of identity documents, US Customs said
28/07/2021 4:26 PM
28/07/2021 4:31 PM
Amazonboy W. Buffett quote "our favourite holding period is forever" ...Lol
28/07/2021 4:32 PM
Mikecyc Haha WRP just take 5 months to settled US ban .... TG US ban since August 2020 , why is still not settled , said independent audit report is submitted on September 2020.....??
28/07/2021 4:35 PM
NatsukoMishima Tech stocks like genetec will sink more faster than health care within 2 months , gloves stock still stand solid with good profits result !
28/07/2021 4:42 PM
UPlanet 17,405!
28/07/2021 4:42 PM
UlarSawa Sudah cakap lah. US working so luke tortoise and want to bargain lagi mah. Need to give goodies then they baru happy lah. Correct?



Mikecyc Haha WRP just take 5 months to settled US ban .... TG US ban since August 2020 , why is still not settled , said independent audit report is submitted on September 2020.....??
28/07/2021 4:35 PM
28/07/2021 4:43 PM
UlarSawa Not yet 20k lagi. Correct?



UPlanet 17,405!
28/07/2021 4:42 PM
28/07/2021 4:44 PM
Amazonboy Aiyoo...talk so much...close @4.00...Lol
28/07/2021 4:51 PM
UlarSawa TG closed at 4.00 again. same as yesterday. Set yhe tall wall at 4.00 and closed at the price again. Still at tingkat 4 lagi. Shortist ada buy back at last minute kah. Esok see report again lah. Correct?
28/07/2021 4:52 PM
UlarSawa JPM macai must be very disappointed lah. Whole day talk 3 talk 4 want to force ppl to sell cheap cheap to push the price down pun tak jadi. They wasting their saliva only lah. Correct?
28/07/2021 4:54 PM
UlarSawa Supermax more jialat as last minute matching big sellers thow few million shares down to buyer to buy ended up red more lagi. Correct?
28/07/2021 4:55 PM
Covidcovid Which smart shorties selling at 4? Lol
28/07/2021 4:57 PM
zhendehenre Someone die also want to move it to 4 lolololol
28/07/2021 5:17 PM
failan APA lannciao meh down tiuuu
28/07/2021 6:30 PM
Xia YiDao EPF Disposed Top Glove Share Again. Maybe EPF Gang With JP Morgan.
I'm Holding Top Glove Share At High Price, When Can I Cash Out My $...
28/07/2021 6:55 PM
Start_0f_the_bull See? When other people knows more people at high floor wants to cash out they will avoid it. So how the price can move up?
28/07/2021 7:27 PM
Amazonboy This guy is a jpm macai...same Q he ask last month...you mean he know how to buy d share...he dont know how to sell or take profit...if you are not a longterm investor...than you should have sold long time ago..
28/07/2021 7:35 PM
planta 4.0 not nice leh, keep at 4.10 better la. Today damn huge sell volume at 4.0 to avoid it go beyond this price le
28/07/2021 7:40 PM
Fong Kh Keep on topping if you are looking for super long term
28/07/2021 7:56 PM
NatsukoMishima https://www.klsescreener.com/v2/news/view/860109

This news will boost malaysia gloves stocks !
28/07/2021 8:54 PM
mf 28-Jul-2021 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 2,209,800 shares on 23-Jul-2021.
28/07/2021 9:10 PM
BrusaCasino Dispose probably for RSS, EPF got loan out their shares for RSS
28/07/2021 9:30 PM
risingstar21 Still steady at 4.00

Not to worried on EPF diaposal

Posted by mf > Jul 28, 2021 9:10 PM | Report Abuse

28-Jul-2021 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 2,209,800 shares on 23-Jul-2021.
28/07/2021 10:04 PM
UlarSawa Apa lah. EPF is another culprit helping JPM kah. Here alot of JPM macai already hari hari mari bising bising TP rm2.80 and rm2.50. EPF also JPM macai kah. Correct?
28/07/2021 10:29 PM
yfchong RM 5.00
28/07/2021 10:49 PM
Mabel #jeffchoo I have observed that those stocks prices include top 4 gloves shares n Myeg n others.. are deliberately depressed by RSS SHORT SELLING. Altho it is legalised it appears to favour the big boys over the small investors n retailers. Maybe Rss should be suspended for fair play.
Perhaps Mabel can offer some of your views.. Thanks.
27/07/2021 3:09 PM

So Sorry jeffchoo,

Just saw your message. Mabel was distracted today by Pom Pom Mickey Mouse who continue trying to court Mabel. He has been chasing Mabel around i3 ..

Back to your question,

I agree with what you said. Bursa are run my the so call Market Maker. You can see many newid Naysayer in this forum. They are part of this ecosystem.

Remember JPM and IB are pushing down the TP because they want to collect. Despite the Big 4 still making billion, they are using ASP as a barometer to push the price down. Then they come up with Rotation Theme to push those sectors where they have already collected in abundance. Next they will show fantastic chart to support their argumentation. It's a cycle. That's how these people makes money. As long you stick mother shares, there's nothing to fear.

Chin up. Stay away from Margin Call and Call Warrant, then you can sleep like a baby. Take a look below for Mabel's Kossan latest result..

Kossan Second quarter 2021 earnings released: EPS RM0.42 (vs RM0.051 in 2Q 2020)
The company reported a strong second quarter result with improved earnings, revenues and profit margins.

Second quarter 2021 results:
• Revenue: RM2.24b (up 219% from 2Q 2020).
• Net income: RM1.06b (up RM933.8m from 2Q 2020).
• Profit margin: 48% (up from 19% in 2Q 2020). The increase in margin was driven by higher revenue.

Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.


Mabel has no issues holding all the Big Fantastic Four. Will collect more if it drops to Mickey Mouse Pom Pom Target Price. Mabel has upgraded Glove Fantastic Four to Buy and Forget. All Four are very profitable companies. It's part of giving back after gaining so much.

Meow

Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD

Jul 28, 2021 10:19 AM | Report Abuse

#Mikecyc Haha kon meow ah pek is Loss until blur blur ...no Money Freedom n Times Freedom ..is just blowing ...
28/07/2021 8:26 AM

Your ah pek has left you ke?

Mabel is a vibrant yuppies woman. Granny is a German Mah..Mixed Mah..

Here's a traits of a German Woman..

They are good-looking. ...
They are confident and forthcoming. ...
They will challenge you intellectually. ...
They want to build a trusting and supportive relationship. ...
They always tell it like it is. ...
They are ready for commitment. ...
They are the most natural mothers. ...
They will always make time for the family.

No wonder ConMouse like to follow and walk 3 steps behind Mabel..

Even willing to leave his attractive Japanese and Korean Gal friends to pursue Mabel...

Now Sour Grape...cannot get ...call Mabel ah pek..

Meow
28/07/2021 11:19 PM
Boringguy https://www.chinapress.com.my/20210728/%e2%97%a4%e5%85%a8%e7%90%83%e5%a4%a7%e6%b5%81%e8%a1%8c%e2%97%a2-%e5%8d%97%e4%ba%ac%e6%9c%ba%e5%9c%ba%e6%84%9f%e6%9f%93%e7%be%a4%e6%89%a9%e6%95%a3-%e4%b8%ad%e5%9b%bd5%e7%9c%81185%e4%ba%ba%e7%a1%ae/

China could be out of control soon
28/07/2021 11:22 PM
Bullrunrun Limit up tomorrow
29/07/2021 12:44 AM
Invesbler https://www.theguardian.com/world/2021/jul/28/revealed-6bn-nhs-glove-contract-shows-rocketing-cost-of-ppe
29/07/2021 4:16 AM


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