Highlights
KLSE: TOPGLOV (7113)       TOP GLOVE CORP BHD MAIN : Health Care
Last Price Today's Change   Day's Range   Trading Volume
5.57   +0.13 (2.39%)  5.37 - 5.60  62,300,000
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Overview

Market Cap: 45,709 Million
NOSH: 8,206 Million
Avg Volume (4 weeks):30,708,105
4 Weeks Range:4.45 - 5.60
4 Weeks Price Volatility (%):
97.39%
52 Weeks Range:4.45 - 29.30
52 Weeks Price Volatility (%):
4.51%
Average Price Target: 8.44
Price Target Upside/Downside: +2.87

Financial Highlight

Latest Quarter | Ann. Date 28-Feb-2021 [#2]  |  09-Mar-2021
Next QR | Est. Ann. Date: 31-May-2021  |  11-Jun-2021
T4Q P/E | EY: 6.64  |  15.06%
T4Q DY | Payout %: 9.38%  |  62.29%
T4Q NAPS | P/NAPS: 0.8405  |  6.63
T4Q NP Margin | ROE: 46.80%  |  99.81%

Headlines

Date Subject
17-Apr-2021 Top Glove MD says it has remediated five forced labour indicators
16-Apr-2021 Premier: Glove Supply Constraints Persist 1 Year after the Start of the Pandemic
15-Apr-2021 Rubber Glove Exports Malaysia Statistics
14-Apr-2021 Mplus Market Pulse - 14 Apr 2021
10-Apr-2021 套利回吐 7手套股蒸发40亿
10-Apr-2021 林伟才安抚无效 顶级手套套利压顶
09-Apr-2021 4连涨后遭套利 顶级手套随同侪走低
09-Apr-2021 Top Glove Corporation Berhad - US Ban Jeopardizes Local Production
09-Apr-2021 Top Glove - Silver lining – Overcoming US CBP restrictions
09-Apr-2021 Mplus Market Pulse - 9 Apr 2021
09-Apr-2021 Top Glove's alleged forced labour pressure wanes?
09-Apr-2021 Top Glove - Update on US CBP Issues
09-Apr-2021 Expert: CBP should act on other companies too, Top Glove improved a lot
09-Apr-2021 Top Glove Corporation Berhad - Updates on US CBP WRO Status
09-Apr-2021 PublicInvest Research Headlines - 9 Apr 2021
09-Apr-2021 Top Glove Corporation - Workers’ Welfare Uplifted
09-Apr-2021 Top Glove Corp - Top Glove's update on CBP sanctions
09-Apr-2021 顶级手套与美协商顺利 最快本月呈报告
08-Apr-2021 Top Glove working towards rectifying five International Labour Organisation’s indicators, says MD
08-Apr-2021 {8 Apr 2021 4pm} TOPGLOV Zoom Webinar on US CBP WRO Status

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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  51 people like this.
 
moneymakerx @Invest_malaysia, obviously you dont know how to calculate. Same like the one before you, forgot his handle, but he also dont know how to calculate tropicana stake in TG now whether it's still a paper profit position or paper loss position. Show your stup!dity elsewhere.
17/04/2021 9:26 AM
geary moneymakerx Only newbies will believe the newspaper. the "reported loss", if one can calculate, Trop is still sitting on around 3.4mil profit after selling this stake. All these "guru" and fake "saviours" are here to dupe newbies. Maybe you just dont know how to count.
17/04/2021 9:25 AM

moneymakerx @Invest_malaysia, obviously you dont know how to calculate. Same like the one before you, forgot his handle, but he also dont know how to calculate tropicana stake in TG now whether it's still a paper profit position or paper loss position. Show your stup!dity elsewhere.
17/04/2021 9:26 AM

Good one...hehehe...two big snakes urinating n defecating lah...they never see before... that's why blah...blah...blah...!!!
17/04/2021 9:29 AM
invest_malaysia @moneymakerz, please show us your calculations on 3.4 million profit
17/04/2021 9:56 AM
sinkalan2015 If you are long enough in share trading, you would know that the Tropicana selling TG share is on purpose. If it is TG themselves to sell then we have a problem.

Meanwhile, let's celebrate another green week for TG
https://www.theedgemarkets.com/article/top-glove-has-remediated-five-forced-labour-indicators-%E2%80%94-md
17/04/2021 10:18 AM
Goldberg TG- All Remaining labour issues remediated & to be verified next week- WRO to be uplifted soon
-----------------------------------------------------------------------------------------

SHAH ALAM, April 16 — Top Glove Corporation Bhd is currently in the third stage of the US Customs and Border Protection (US CBP) Withhold Release Order (WRO) modification process.

Managing director Datuk Lee Kim Meow said the company has remediated the remaining five forced labour indicators, pending verification by UK based ethical trade consultant firm, Impactt.

The International Labour Organisation has 11 indicators for best practices.

As verified by Impactt, Top Glove, the world’s largest glove maker has achieved six As and 5Bs.

The 5Bs need to be converted into 5As for the US CBP to lift the WRO on it.

“The United Kingdom independent consultant, Impactt, is expected to give us the report by early next week. Then we will engage with the US CBP again to let them know that we have done exactly what they have asked us so that they can uplift the WRO, which is the fourth and final phase.



This is a big boost for TG and the glove sector in general.
--------------------------------------------------------
17/04/2021 10:20 AM
gemfinder Cakap saje. Usa wil ban forever
17/04/2021 10:21 AM
gemfinder 2021.

“Also, as the roll out of the vaccine is expected to improve the recovery prospects of the economy and thus the property sector in the near future, Tropicana will intensify property development activities in strategic land banks,” said Tropicana when explaining the rationale for the share disposal.
17/04/2021 10:23 AM
shearer202 If the ban really lifted i think whole bursa glove stocks will repeat the last year history peak price ! Tg rm 29 , sup 24 ,comfort 6 ,rbberex 8 ,careplus 4 ,harta 21 !
17/04/2021 10:31 AM
gohkimhock mean the vaccine is working brilliantly. Everyone should get inoculated now to break the chain and safeguard your family.
17/04/2021 11:06 AM
will75 For those who had been cheated by JPM, pls take out your sword next week, KILL THEM without a slice of MERCY!
17/04/2021 12:35 PM
Goldberg JP Morgan is running scared and has sounded the PANIC Button.
----------------------------------------------------------------
Heres proof-

1-The current uptrend in Gloves is confirmed and has just begun. The experts say - never fight and up trending sector/stock.

2-The Edge, on April 15, was roped in by JP Morgan to reconfirmed their price targets for the 3 glove companies under their coverage since December 2020. A reminder that the infamous price targets are: Top Glove: RM3.50; Hartalega: RM8.50; Kossan: RM3.80.

3-Big money flowing back to Gloves.

Last week, the amount of money thrown at the "big gloves" short position since its opening on January 4, crossed the RM3 billion mark. The total value of short positions opened since the beginning of the year on any stock on Bursa is a little over RM4.3 billion, so the short positions on Top Glove, Hartalega, Kossan, and Supermax represent 71% of the entire value of short positions on Bursa

4-Shorties Paper Profit Dwindling- If GLOVES keep surging - the stand to lose hundreds of millions.

5-JPM's Misleading ASP estimates
.
JP Morgan have provided their blended ASP estimates for calendar year 2022. Interestingly, they believe that all 3 companies are going to have the exact same blended ASP, even though they manufacture a very different mix of products, they have very different target markets and main clients. Nevertheless, their estimate for all 3 companies for CY2022 is for a blended ASP of US$30. According to Frost & Sullivan, the ASP for nitrile gloves in CY2022 is going to be US$53.50, and for latex gloves it is going to be US$26.50

6- WRO to be uplifted soon by the USA Customs , Border & Protection - as all remaining 5 issues has been rectified- pending verification.
17/04/2021 12:38 PM
myinvestor JP Morgan who cried "wolf" 2nd times, no one will believes in their story anymore.
17/04/2021 1:01 PM
will75 Go for the KILL for Monday!
17/04/2021 1:07 PM
Start_0f_the_bull While global pandemic cases surging to new high JP Morgan's analysis sounds too childish now.
17/04/2021 1:14 PM
HrryPttr This is opportunity for JPM to sell their holding. Why keep lost stock? Simple thing cannot do? Sell & buy Genting or Airasia lor
17/04/2021 1:27 PM
pjseow JP Morgan tried to misled the investors by stating that the ASP will revert back to US 30 per 1000 but did not indicate the timing of when? Based on Frost and Sullivans research a few months ago, the ASP for nitrile gloves will goes down from the peak of 85 in 2021 to US 53 in.2022, US 35 in 2023 and US 30 in 2024. The drop is gradual instead of abruptly due to demand is still higher than supply. Based on.Ben.Tan yestetday article which quoted Premier's information, the demand still exceeded supply by as much as 250 billions pcs. Taking today worldwide capacity of 420 billions , it means that the average leadtime is still exceeding 200 days ( 250 /420 x 365 days ). The article.also mentioned that the challenge of meeting the demand will last until 2023 . JP also failed to mention the aggressive capacity expansion which will mitigate the drop of ASP . Topglove will triple its 2019 capacity in 2024 while supermx will double its capacity in 2022. Another point to note is that ASP of US 30 is still 30 % higher than the 2019 ASP of US 23.1 .
17/04/2021 1:45 PM
Dante5566 It's a shame big corp. like Tropicana also succumb to JPM rss scare tactics.

I hope the remaining glove retailers here could stay strong because this year rocket about to launch REAL SOON.

Hold tight tight fellas.
17/04/2021 2:01 PM
Bullrunrun JP Morgan is in trouble now. They RSS topglove and now the price fire up. They cannot cover back their loses
17/04/2021 3:47 PM
Tantoro https://www.ecns.cn/news/society/2021-04-09/detail-ihakiuvi4579868.shtml

News reported that USA also experiencing double mutant of COVID-19 variant currently.
17/04/2021 4:06 PM
Aurora13 Today lucky number 2331...heading 3 next week.
TG heading 6 next week!
17/04/2021 4:18 PM
Tantoro New cases of 'double mutant' COVID-19 variant detected in U.S. state
12021-04-09 14:29:44CGTNEditor : Zhang MingxinECNS App Download
Special: Battle Against Novel Coronavirus
Five new cases infected with a "double mutant" of COVID-19 variant have been identified in the San Francisco Bay Area, California, CNBC reported on Thursday. The new cases were identified days after the area reported the first such case.

The variant was first detected in India last month. It was dubbed "double mutant" as it carries two mutations of SARS-CoV-2 strains E484Q and L452R.

These mutations are not new. The E484 was also present in the variant that was first detected in South Africa and Brazil. And the L452R mutation was observed in the U.S. and Europe, but the new variant carries both of them. "Something that has not been seen in other variants," the CNBC reported.

It is suspected to be more contagious and reduce the effectiveness of existing vaccines.

"We don't quite know that yet, although these mutations I've talked about have been associated with increased transmissibility," Dr Benjamin Pinsky, medical director of Stanford's clinical virology laboratory, which discovered the new variant in the U.S., said in the ABC7's show "Getting Answers" on Wednesday. "In fact, in India, this new variant accounts for 15 to 20 percent of cases in one particular state."

It also remains unknown whether the vaccines will be less effective against the variant, but researchers have some information on experiments on the individual mutations suggesting that "antibodies will be less able to neutralize" the variant, Pinsky added.
17/04/2021 4:18 PM
Ohlincaufun Ohlincaufun lo....JPM cannot cum inside...need to cum outside because ah ma very angry....wakakaka....so next week very interesting ka? Ah ma say u can cum inside me after 3.5 chicken round..,hehehehehe.....ah pa ohlincaufun lo....he say better enjoy a cup of orinsi, relax and watch the porn show .....
17/04/2021 4:26 PM
yingzhe17 3.5 coming soon to TG near you
3.50 per box of gloves
17/04/2021 4:47 PM
ooi8888 lelong by lazada to Ji Pei Morgan, haha
17/04/2021 4:52 PM
gloveisgreat Bye 5.57 here coming 6, stay tune, sabar sikit ya..
17/04/2021 7:04 PM
DreamCommander TopGlove & NTU sign MoU to attract more global talent

https://www.theedgemarkets.com/article/top-glove-ntu-sign-mou-attract-more-global-talent
17/04/2021 7:22 PM
katsul51 Lets recap from early Dec 20, when JP Morgan downgraded TP price to RM 3.50 since then after 4 months:
a) Are international borders open?
b) Has the testing rate reduced?
c) Vaccination rate satisfactory?
d) Herd Immunity achievable?
e) Conclusive sign of pandemic/endemic is under control?
f) Can JP Morgan confirm there would not be new variants to cause 4th, 5th or 6th wave of Covid 19?
f) Any idea/indication on all the above by JP Morgan to when the publish the report on glove counters price target yesterday?
JP morgan taking Malaysain retailers for a ride again.
17/04/2021 7:54 PM
Tan Yew Meng Double mutation of the Covid variant in India risks spreading to other countries, doctor says

The new variant will not be limited to India, but will likely emerge in other parts of the world as well, said Dr. Kavita Patel of the Brookings Institution.

India’s health ministry said last week that a variant with two mutations — E484Q and L452R — was found in the South Asian country.

The mutations could make the virus more contagious and better at evading the body’s defenses.

https://www.cnbc.com/2021/03/30/double-mutation-covid-variant-in-india-may-spread-to-other-countries-doctor-says.html
17/04/2021 7:56 PM
Tan Yew Meng A variant of the coronavirus that has two mutations was recently detected in the San Francisco Bay Area by researchers at Stanford University.

Five more cases of the “double mutant” strain have been detected since.

This particular variant originated in India and is responsible for a recent 55% surge in the state of Maharashtra following months of falling cases.

https://www.cnbc.com/2021/04/08/researchers-identify-five-new-cases-of-double-mutant-covid-variant-in-california-.html
17/04/2021 7:57 PM
Tan Yew Meng New cases of 'double mutant' COVID-19 variant detected in U.S. state

https://news.cgtn.com/news/2021-04-09/New-cases-of-double-mutant-COVID-19-variant-detected-in-U-S-state-ZjD0EU9Qju/index.html?fbclid=IwAR20rE95nt8fM6KUxYe0p02ChlYlzV5bKlKd-FSayfom5DMoKrjusVVoWQQ
17/04/2021 7:58 PM
Goldberg Malaysia Fades in Covid Fight

Competing companies, tardy procurement, low signup rates plague country

John Berthelsen

Malaysia, which early on in the fight against the Covid-19 coronavirus was one of Asia’s leaders, has begun to slip back, with at least some vaccine procurement seemingly diffused among competing parties thought to be aligned with top politicians, ostensibly illegal shots for royalty, low signup rates due to fears of blood clots, and sharply rising new cases.

Malaysia isn’t alone. Cases are surging across much of Southeast Asia, for instance in Brunei, Cambodia, Thailand, and other countries although all are far behind Indonesia and Philippines. With nearly more than 9,000 cases in the past week, Malaysia’s weekly rise has hit 35 percent during that period, according to statistics compiled by the website Worldometer.


https://www.asiasentinel.com/p/malaysia-fades-in-covid-fight
17/04/2021 8:01 PM
amithaba jp morgan issued 2nd sell call too soon and at wrong timing....as a well known market manipulater, they know will losing big money if the share up trend to continue further......see what happens next week.
17/04/2021 8:09 PM
Tantoro Bro, JPM and scientist did't know or caught off guard/naive that convid can mutate to many variants and stronger and some variants can escape vaccine too especially South Africa type and India double mutation so contagious and deadly
This time JPM will lost their pants off by billions
Thats a retribution and karma to JPM
All mighty will punish them kaw kaw


katsul51 Lets recap from early Dec 20, when JP Morgan downgraded TP price to RM 3.50 since then after 4 months:
a) Are international borders open?
b) Has the testing rate reduced?
c) Vaccination rate satisfactory?
d) Herd Immunity achievable?
e) Conclusive sign of pandemic/endemic is under control?
f) Can JP Morgan confirm there would not be new variants to cause 4th, 5th or 6th wave of Covid 19?
f) Any idea/indication on all the above by JP Morgan to when the publish the report on glove counters price target yesterday?
JP morgan taking Malaysain retailers for a ride again.
17/04/2021 8:13 PM
DickyMe This spike is temporary and won't last beyond June.

In fact, recovery will be fast.

RM 4 is coming soon.
17/04/2021 8:25 PM
17/04/2021 8:30 PM
Ohlincaufun Hehehehe.....really ohlincaufun lo....jpm need to cum in a chicken wrongly selected a cock instead of a hen....hehehehehe....the content looks like in the rush.....hehehehe.....oh lin cau fun lo.....hehehehe.....one nice cup of orinsi to watch this porn show......
17/04/2021 8:40 PM
sammmy dickyme I admire that how positive you are being.
17/04/2021 8:52 PM
Tantoro Monday all gloves stocks limit up until my Dicky also cannot recognize Me
17/04/2021 8:55 PM
Bullrunrun TG next Monday RM 6.00
17/04/2021 9:00 PM
Goldberg Covid infection rate is approaching highest level ever, WHO chief warns
---------------------------------------------------------------

APR 16 2021

The head of the World Health Organization said Friday that an alarming rise in Covid cases has pushed global infections toward their highest level in the pandemic.

https://www.cnbc.com/2021/04/16/covid-who-chief-warns-infection-rate-approaching-highest-level-so-far.html
17/04/2021 9:20 PM
beginner Covid cases breaking new high, cbp issue resolved, gloves unstoppable. Shorties wanna sell cheap let them lar, we thank them for selling cheap to us
17/04/2021 9:31 PM
Moustache DickyMe faster hedge glove to cover your AA losses .AA 0.40 coming
17/04/2021 9:43 PM
shearer202 More n more people will become full trader in stock market because earn money very fast and enjoy freedom at home ,somemore can prevent from covid 19 infection !
17/04/2021 10:06 PM
DickyMe Posted by Moustache > Apr 17, 2021 9:43 PM | Report Abuse

DickyMe faster hedge glove to cover your AA losses .AA 0.40 coming

================================

No need! Even if delisted, not worried.

LOL!
17/04/2021 11:31 PM
DickyMe "
sammmy dickyme I admire that how positive you are being.
17/04/2021 8:52 PM"

============================

Thanks! You should adopt the same attitude.
17/04/2021 11:33 PM
yingzhe17 Tan Sri buddies sold big chunk. More coming next week. No confident anymore at 3.5 is coming


https://www.theedgemarkets.com/article/tropicana-sells-185-million-top-glove-shares-loss
17/04/2021 11:54 PM
gemfinder Ya. All uselss tropican bod
17/04/2021 11:57 PM
spyking YingZhe why keep cursing glove stock? What happened to you? You so bad heart. Will get bad karma u know?
17/04/2021 11:59 PM
ks55 Why Malaysian companies should avoid Bangla workers at all cost.
https://www.thestar.com.my/news/world/2021/04/17/police-kill-4-in-clashes-witf-chinese-backed-power-plant
18/04/2021 12:25 AM
will75 All must taste the blood of JPM on Monday! Go for the kill!
18/04/2021 12:54 AM


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