gloveharicut
CLSA: GLOVE supply shortage forecasted throughout the next 3 years. TOPGLOV (RM28) HARTA (RM20) KOSSAN (RM13)
gloveharicut
Publish date: Tue, 07 Jul 2020, 10:19 PM
{{{PM me to join GLOVE Private Discussion Room}}}
I am reproducing the CLSA report to my blog.
We see ample upside for glove manufacturers despite the run-up, with our target prices derived using modest target P/E implying long-term growth of 5% (based on GGM), against normalised industry growth of 8-10% p.a. Maintain sector Overweight with Top Glove our top pick and Kossan Rubber upgraded from Outperform to BUY.
CLSA lift TPs across the board: from RM22.00 to RM28.00 for Top Glove; from RM16.30 to RM20.00 for Hartalega; and from RM9.80 to RM13.00 for Kossan.
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Discussions
Be the first to like this. Showing 15 of 15 comments
ya gah ????
how calculate to get TOPGLOV (RM28) HARTA (RM20) KOSSAN (RM13) ????
using batu dalam seluar kah ?????
2020-07-07 22:43
Bursa got so many cheaper and good stocks. No stocks will rise forever, its matter of time before the price of all glove stocks collapse. Better be safe than putting yourself in danger.
2020-07-07 22:52
I respectfully disagree.
Well. I have a completely different opinion on that.
Smart investor should acknowledge Glove is the vaccine to your wealth in this pandemic.
2020-07-07 23:10
Yes but the price already increased many times, now not the right time to buy
2020-07-07 23:34
ALL GLOVES NEWS NOW OUT IN OPEN
SO ALL RUSHING HIGHER AND HIGHER
ONE TOP SECRET IS?
TEXCHEM!!
TEXCHEM WILL MORPHED INTO TOP SUPPLIER OF GLOVE CHEMICAL NOW IN PROCESS!!
2020-07-08 12:42
RHBIB Share Margin Valuation (Latest Revision)*
_The ceiling price for rubber gloves counters effective 08/07/2020_
COMFORT @ RM2.80
HARTA @ RM11.20
KOSSAN @ RM7.20
RUBEREX @ RM2.40
SUPERMX @ RM7.00
TOPGLOV @ RM15.00
2020-07-08 20:44
All rush to buy glove stocks
Few realised the best buy and the cheapest of all is Texchem
Texchem is now the best kept secret in glove chemical supply
2020-07-09 08:08
Stock: [TOPGLOV]: TOP GLOVE CORP BHD
Jul 7, 2020 8:30 AM | Report Abuse
In the past big gloves always declared 1:1 bonus issues to make their prices seemed lower.
Recently TOPGLOV tan.sri lim said he has plans to grow TOPGLOV to be in the league of Fortune 500 plc.
If this is the plan then it could mean many big names in wallstreet funds r edi buying the BIG 2 n could be advising mgmt what to do best. Road shows in global financial centres will be next move.
These funds love super hyper high priced stocks. They view bonus issue as losing time to play up kau.kau, the likes of AMZN, TSLA, NVDA etc.
Good dividends given out in 4 to 5 times a yr at measured rate is powerful to drive stock prices HIGHER to the new blue sky ...
NB: Fortune 500 PLC must be above US$10 n 1stly be world # 1 in its space.
i. TOPGLOV has entered rm20 safely n is en-route to 30 then 40, 50 n beyond ...
ii. TOPGLOV being world # 1 glove plc, is 1st to receive n enjoy the best orders directly from all the governments n then from all the 1st class customers n + taking increasing orders with the super crazzzy prices of spot mkt.
This is simply a wonderful company. . .
2020-07-09 15:25
CAELY DO FACE MASK UP 5 CENTS TODAY, EG ALSO DO FACE MASK, STILL HAVENT UP. TOMORROW GORENG EG ?
2020-07-09 21:22
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Glove stocks already so high still want to promote ? The risk of losing is much higher now. See the price of Topglov and Supermx dropped heavily during lunch break. Definitely only big sharks are buying and selling.
2020-07-07 22:40