Suggest TG sack those responsible person, esp HR because they not know how to handle human issues esp in this critical moment. It is impossible for TG to get rid of US sanction and becomes an outstanding MNC. Unless the CEO is an inhumanity and short sighted.

TG drop recently may be due to the Malaysia Covid case is dropping.

https://www.bursamalaysia.com/misc/missftp/sblnt/NetShortPosition20210518.pdf

Correct me, the short position is reducing?

i am waiting for the next financial report.....can't wait anymore.... money money come!

TG CEO should fly to US and tell them i will setup a plant in US... guarantee they will release everything.

US not so simple let it goes when involved the giant investment bank. That is the way how they make money. US is the most corrupted countries but they legalize by political donation. The lobbying happens with monetary funding through fundraiser. The association and giant company influence the policy maker via this channel. watch it https://www.youtube.com/watch?v=FZVfTCBUkgM.

I think KYY just share his thought, no right or wrong. I still hold the TG shares, i can understand his concern and it is valid but i hold a different thought. I believe it needs few years to back to normal. Second, no body know what is the next. The experts don't tell you the truth. The truth is the virus evolve too fast. China scientists started with new vaccine research to cope the potential mutated variance, which cannot be contain by current vaccine. Even US and the other developed countries can vaccinated their civilian but most of the under developed and developing countries, they couldn't. The mutant can happens and spread back to the developed country. So, they best way, everyone is get ready. Thus, they may need stockpile all PPE.

I think don't put too much hope on the WRO. Sometimes, i am thinking it could be a trap between the politician and the businessmen. To me the country is a most corrupted country though very clean because political donation is not a crime.

myinvestor TG:Expect higher performance in 2H21
Higher ASP in 2h21.
Additional capacity 2h21
low material costs.
High utilization 2h21.
strong demand despite shorter delivery time.

This is old news. The CEO told the ASP is dropping slightly, about 5% because increase in supply but the demand still higher. I believe TG still can deliver a strong financial result.

i ever read a comment in investing.com. He commented don't trust JPM, they never meet the forecasted. I realized many others also agreed with the statement. I think they are not provide a good market analysis but try to manipulate the market.

beginner chill, trust TG will be able to settle this with CBP. It is not the end of world, just donate some gloves to US and pay some penalties if really have to, once the ban is lifted the price will sky rocket. somehow this news looks more like US want the gloves so much for their own use, so they might be short of gloves tremendously

I don't think TG will be able to do so. First, US gov don't care much of their civilian life but the tycoons behind the politicians, the fund raising to support their politic life. Personally, i think they have more stronger motive in hatred with china and their partner. Unfortunately TG is the one, who shows greater interest in expanding their business in the main land.

Obviously US punished TG want to listed in Hong Kong and expanding their business in China. I think it doesn't matter. TG can take the opportunities to further expand in China because almost a saturated market compares to China new rise star.

US always has personal agenda behind the scene. Open market is mean for nothing.

???? funny

jamestecs Next Tue is the ex-date for dividend, i wonder do they want to pay the dividend to the lender?

pjseow, yes... it is also in my mind, of course, no right or wrong.

I think the analysis is making sense. the glove ASP is either flat or slightly higher because the pandemic is yet over and not so soon. The raw material price will hike because of the increasing of the production volume. However, i think the glove producers can transfer the material cost to consumer if the demand still very strong. In view of this, i think the earning still strong in this quarter.

I not side anyone but i wonder how many (in %) of the local firms really follows the law? I have very bad impression on our execution power, most of the time the regulation is good to see. For instance a reflection strip on the helmet, still there? The black box in a big truck, talk many times but never materialized. I assure you that the gov can catch many of them under the same article for accommodation. But at the bright side, the cost will raise and no more cheap labor will force the firms really look at the automation seriously.

Yet, Kossan. TG already had the audit from external consultant. I think they are ready, just waiting the US authority to give the greenlight. It means they can get it any times. However, i more worry it may links to political incidences. US never raise out the concern but suddenly just emerges, it not only happens on glove but the palm oil as well.

ong Ken investmalaysia8 那些手套粉丝们，只为了手套股赚大钱，恨不得COVID-19扩散。罪过！罪过！罪过啊！阿弥陀佛！
11/03/2021 12:29 PM


其实，大家都针对investmalaysia8讲出非常有逻辑性的回答。不管你喜不喜欢，人类未来面对更多变种细菌以及病毒的威胁。归根究底是人类贪婪的开发和自私的行为。如果各国可以像中国的有效控制，如今心冠病毒已经得以解决。从SARS, MERS到Covid,还有HIV以及EBOLA， 在四十年里陆续爆发。这并不是我们凡人想要或者不要。如果没有病毒，人类也面对，严重人口老化。中国，日本，二十年后马来西亚也无法幸免。因此，不管你喜不喜欢，医药以及相关工具用具会越来越吃紧。TG不管是为了赚钱还是为人类准备有效的用具，也是要扩张。

BountyOfTheBourse TopGlove clears air on Hong Kong listing plans

I still don't understand why so many ppl worry on the short term impact. For long term, it is a good strategy to put TG at international arena, a gate to China market. Some one told the China also expand the glove volume. TG also expanded to China in couple yrs ago, it is not green field, they can expand any time. Second, I study the TG product, i noticed they quite advance in formulation and very innovative. I learned from Warren Buffet, we must choose the company with great leadership. Third, they also trade the raw material and related machine, they already extend their business to up and down stream. It might be good to have better control on the whole supply chain. However, i try to gather the relevant information to confirm it and assess how strong they are. Anyone can help?

Can your guys see what the logic between these two statements?

Additionally, in view of the aggressive expansion by the China’s glove-makers, our DCF-based target price for Top Glove (WACC: 8.2%, LTG: 3.5%) is cut to RM4.85 (-44%) as we roll forward our valuation to FY24E (from FY21E) and lower our LTG to 3.5% (from 4.5%).

We think the planned expansion for 2021-22 could face delays due to the constraint of supply chain (i.e. shortage of NBR raw material and formers). Hence, the planned supply may spill over to 2023 onwards, resulting in a more competitive environment.

that is the reason why TG want listed in HKEX WeAreRSS. One day may be bursa could be an abandoned child.

listing in HKEX is a good choice, bigger pool for bigger fish. It help on the visibility and helping in marketing, esp in China. Expected more glove consumption in China.

DellLenovoHaier very good performance. net profit keep increasing quarter by quarter. After big fund come in from HK listing, they should have much more power to dominate the market

Good say... 8.2:1.6 is 16% dilution.

But do you think TG never think about it? TG is cash rich, they can invest first before getting the fund from HS market, so it can leverage it. They raise the new fund is to ensure the cash flow is sufficient for future challenge. ASP will definitely drop but not this qtr or next qtr. It will not back to pre-pandemic and high volume will compensate the loss, but i believe not 100%. They are working on IR4.0, reduces the human dependency. However, i notice the labor cost is less than 10% but latex cost is over 40%. The latex price and supply will support the ASP but also erode the profit. It also prohibit the new entrance as well. I think there are few ways to reduce the material cost. First, use the latest technology to reduce the material waste, and improve the yield to reduce the scrap. Second, latest formulation to reduce the latex composition, thinner but more elastics, but it is the high challenge.

wow... the earning is crazy.... rocket launching

thanks pjseow for the sharing.

No mistaken, the report will out after market in today.

thank you pjseow for the detailed explanation

Thanks for all the sharing. From those news, it draw a conclusion that put 100% good feeling with vaccine. I still very confused with the vaccine effectiveness. It is helping to avoid infection or it just mitigate the infection effect?

Thank you for the write up. Can conclude in that way: don't buy warrant or you have to sell it before the call warrant period. The banker will purposely sell off the share to drop the price during the moment. Correct me if i am wrong.

Yes.. PE = Price / Earning per share. So two ways can improve the PE, increase the earning via more reinvestment or increase the productivity. PE also affected by earning per share, as mentioned, TG may buy back the share to reduce the number of share and increase the earning per share. It is very depending on the company strategy, for sure i not know, i am just making a guess. The only thing we can do is trust the mgmt can make a right choice if you think it is worthy for you to take it as a long term investment profile, else you have to leave it and go away.

Dr Mabel Meow, thanks for the sharing. I still don't understand why ppl so concern on short term diluted PE. My 2cent opinion, TG gather more fund to invest on new assets, it will increase the future profit, at least can mitigate the impact after the pandemic on the glove price dropping. Methinks it is a good thing. But some analysts told TG does not have to do so, they are cash rich company. So, i am thinking the TG can buy back the Bursa share to reduce the shares in Bursa market and also increase the weight on Hong Kong market. Why they want to do so, i not know but may be Bursa no so favorite to them. But stand on Tan Sri shoe, he want to be the top 500 company in the world, then he need to have a 'good' market to ensure the mkt cap is consistently increases. I believe it is the best way to go.

There are numerous warnings from WHO and scientists on the future pandemic. We let the virus mutate because of selfishness; from SAR until now, more and more viruses spread out in every corner of the world. Medical PPE will be important to many countries and pile up for the future even after Covid-19.

Frankly still not know what is the message. From the calculated PV is 105.952 billion compares to today mkt cap is 42.98 billion. Can i assume the author try to tell the TG future mkt cap will inflates 2.5 times?

sorry... thanks for correction.

You don't expect TG to have their finger in every pie in Malaysia

Gotta give chance to others to have some business also. Now already got at least couple of projects to build nitrile-butadiene-latex plant in Malaysia.

You are definitely right. But as one of the shareholder (very tiny portion), we expect to have more (or more greedy). I also realized the news. Today, glove is a good margin product, some analysts even expect it will be continued in next 2 yrs, maybe. I think the bigger challenge to lead the market will very depending on the cost and productivity. That is great with TP on the automating the production line and reduces the labor. I also agree with some of the analysts that the new comers will not be easy, the entrance barrier is increasing due to the technology maturity and raw material, it eventually will reflects into the production cost and margin. TP wants to be the leader, then Tan Sri must make sure he able to manage the raw material freely. Just a sharing from a normal man.

Replied to Mikecyc on his comment: Haha Yong ken concern is right .. as nitrile gloves raw mat .. the biggest producer is US , then Europe , then Japan ....

Dear Mikecyc, i had read couple of your comments. You seemed very against the TP. But don't get me wrong, i respect every comments from you and anyone else. You might get me wrong, i bet on the TP in doing greater, i own 25k share on hand, i just bought in 5k yesterday. I not a fool though many think the ppl like me is fool, and neither smart. We analyze and we know the risk, take the risk and no blaming on loss. I very enjoy to take part in the forum, it is a good platform to share news and thought.

I read many comments on the TP decision to be listed in HongKong market. Some said it will dilute the PE and dividend. I think it is not the case. First, as i know TP will use the fund to invest in China. Although i not know what the details but my simple thought is the China possesses huge consumer market. But the most important thing is China will be an aging country and the hygiene awareness is stronger than before pandemic. On the other hand, the demand on the medical PPE will increases. I am still no seeing any future plan from TP to guarantee the raw material supply. Frankly, i not worry about the demand, the raw material will be a greater challenge to all glove manufacturers, it will increase the cost and worst thing you have no material to process to meet the demand. May be TP already has the solution, I hope too. As the conclusion, i not worry the demand but i worry the raw material source and cost.

just my 2cents opinion, TP will announce their financial report, this week is the last week for the short sellers to get back their profit, unless they willing to pay high dividend to the lenders. Expected the result should be good and more dividend in its announcement. I also consider to buy in more.

Even i bought the share but i agree don't simply delete the negative comment. Let's ppl read and consider it. I don't try to influence everyone but it is our right to share what in your mind and news (regardless good or bad). We analyze, we buy it, we take the risk. Everything must within your affordable range, don't beyond and drive by your greediness, market always is a risky place with attractive return.

gloveharicut GLOVE prices remain robust amid supply shortage

I just want to sit tight and counting the dividend for next 2 yrs. From the history, i know TP will split again. I have 20k on hand, not many but enough for me. if 1:2 split it becomes 40k. If the dividend back to normal after the 2 yrs booming period, i also enjoy 0.12 x 40,000 = MYR 4,800 a year at pessimistic estimation based on past 3 yrs data.

Many ppl just preaching production increases in glove, yes, but think about the supply of natural rubber. It will forms a high entry level. Second, not possible the ASP will back to pre-pandemic. First, the market already absorbed it; second, most important you can't get the natural rubber supply. TP already working on the automation to reduce the headcount, it will help on productivity and costing. Those who are working with automation should know that it is not a plug and play game. The new entrant will in trouble with the design, reliability, quality and ROI. But one thing TP need to do is it must protect its automated schematic drawing as trade secret and pattern whatever it has. TP has high pattern registration in Malaysia after MIMOS and local universities. You just look at the intelligent properties, you surely should know it is impossible for any consortium come in for plug and play. Even you hire the mgmt or core competent, you at least need 1 to 2 yrs to pickup. It is technology not administrative jobs. Last but not least, i foresee the future big challenge is the rubber supply, i not sure whether TP has it own farm? or contracted farm. May be need to consider it for consistent supply from now onward.

Apparently, Bursa is a magician. There has no fair game here. Suggest topglove quickly list in Hong Kong... i believe it will be good to us and the Tan Sri.

https://www.washingtonpost.com/health/2021/02/05/biden-vaccines-tests-gloves/

Rubber gloves have not been included as part of the kits, packed with syringes and alcohol swabs, that accompany federal shipments of vaccines. Gloves are not required for administering the shots, but medical staff are trained to use them routinely.

The accommodation condition for foreign workers is not a first day issue, crowded and hygiene issues are common. The authority never look at the area, as you know it is common in Malaysia also. They only start disclose and take action when issue burst, after that.... nothing. Example, the bus with black box, how many times it was bringing out? Trust me, it will come again when higher casualty happens. It is Malaysia. Back to social distancing in factory, not only happens in TP but everywhere. The ppl no discipline, no matter what you do, they just ignore it. Of course, limited space in the factory also another reason. But not only in TP. That is why you can see many factories has positive case. I just don't understand why only focus foreigners? They think the virus can discriminate the local and foreigner?

Guys, refer to The Edge, he said is 4%....

just keep the price at around 7 until 28 Feb... they will in big trouble.

I just very wonder what is the BURSA functioning? Confuse the investors? They don't have any written rules, regulations or SOP? Or they just do it by whim? Syok sendiri.

I believe there will be a sweety candy at the end of Feb.

Posted by tallman > Jan 30, 2021 12:25 PM | Report Abuse

If a stone not hit on a dog, the dog wouldn't come out to bark

Fully agree, there is huge number of ask at 6.80. Apparently, someone wants to stop the hike.