INVESTMENT SHARING
TOPGLOVE- ONCE IN A LIFETIME OPPORTUNITY FOR INVESTORS
TOPGLOVE
|
|
Net profit (‘000) |
|
Share Price during result announcement |
|
|
Q2 Feb 2009 |
35997 |
|
2.67 |
|
|
Q2 Feb 2010 |
70526 |
Profit x1.96 |
7.00 |
Share price x2.62 |
|
Q2 2020 |
115683 |
|
6.20 |
|
|
Q4 2020 |
850000 (347895x2.5) |
Profit x7.35 |
60.00 |
Share Price x9.8 |
During H1N1 pandemic, during initial outbreak , Top Glove announce a net profit of 36 million, Q2 Feb 2009. Its profit jump to 70.5 million during its profit peak on Q2 Feb 2010, a multiple of 1.96 increase in profit. The share price during that time increase from 2.67 to 7.00 , an increase by multiple of 2.62.
For the current Covid 19 pandemic, its profit may jump from 115 million (Q2 2020) to 850 million (upcoming Q4 2020). Supermax register a x5.62 times increase in net profit Q3 to Q4 2020 result. Thus , let said Top Glove conservatively only register a multiple of x2.5 increase in profit , its 347895 x2.5, its profit is already 870 million . This is a multiple of 7.35 increase in net profit compare to Q2 2020. Thus its share price is estimated to increase by 9.8 times based on the ratio. RM6.20 (Q2 2020) will become 60.00, if the history repeat itself. The target price of TopGlove of RM60.00 is not a dream, it is achievable. Don’t forget it is only two quarters of increasing profit which market is expected still have few quarters of increasing profit to come . This is once in a lifetime opportunity for all the investors.
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Discussions
1 person likes this. Showing 14 of 14 comments
Niama Thailand no capabilities la, they good in tourism and tom yam, you think make gloves like making tom yam? Niama
2020-08-31 12:30
When peak demand
excess capacity and many competitors coming
vaccine coming
Where got future growth leh ??
Posted by geary > Aug 31, 2020 1:57 PM | Report Abuse
PZOGRO In US, ppl buying Apple Tesla until stock split today’s also keep pushing higher; but Malaysian will normally do the other way. Buy before stock split and Sell after stock split! That’s Malaysian! Happy Merdeka!
31/08/2020 1:47 PM
For counter with high earnings growth...still have legs to run...plus there are final n special dividend...o:-)
2020-08-31 14:03
Sri Trang Thailand has 33 bil capacity only.
Global demand is currently over 320 bil with current supply(Big 5) less than 230 bil.
The rest has to be delivered next year which is a backlog of more than 9 months.
2020-08-31 23:01
People are naive, they think Malaysia glove makers are the only one who will earn every penny until they all die. Wake up lor time to face reality
2020-08-31 23:32
China one saliva also can bury you deep deep lor, what more of glove production? They will overtake the market share soon
2020-08-31 23:33
Once China serious to produce glove, it is game over for glove industry in Malaysia.
Max within 2 hrs glove company in Malaysia production cut in half.
2020-08-31 23:40
Agree, some people are fools, people who never learn from history are doomed to repeat it
2020-08-31 23:58
Rubberex latest q pat 23m. Production 1b nitrile glove per annum. Q is for month of April, May n June 2020.
TOP glove q for month of June, July n August 2020 with production of 80b per annum will give what pat?
2020-09-06 14:39
rubbish article..implying that history will repeat itself easily..2009 and 2020 is under different market conditions now
2020-09-06 16:58
china has the capacity to depress prices. i just buy face mask from shoppe shocking sale RM16.90 per 100pcs 3 ply one woo. if use shoppe coin can get as low as RM12.00WOO... Imagine happen to globe if they serius....
2020-09-06 18:57
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Billions of medical gloves from Thailand coming to grab market share from Malaysia top four glove companies very soon. All the high expectation of higher ASP going to the drain when billions of Thailand's gloves flooding the market.
2020-08-31 01:28