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2020-07-20 19:52 | Report Abuse
FROM KOON YEW YIN BLOG
I refer to the above report, total issued number of shares is 1,360 million.
The 3rd quarter ending 31 March 2020, revenue/sale Rm 447 million, PBT Rm 95 million and PAT Rm 71 million. The production cost is revenue Rm 447 million minus PBT Rm 95 million = Rm 352 million and average selling price (ASP) is US$ 60.
As shown on Supermax’ briefing page 13 above, ASP for the 4th quarter ending June 2020, the selling price was increased from US$60 to US$ 160, an increase of US$100 which is pure profit because the additional selling price does not involve production cost.
The 4th quarter ending June 2020, the production cost Rm 352 million divided by 60 X 160 = Rm 939 million which is the revenue/sale minus Rm 352 production cost = Rm 587 million which is pure PBT or PAT Rm 410 million.
I refer to the table above. The total PAT for 1st quarter Rm 24,747 million, 2nd quarter Rm 30,165 million and 3th quarter Rm 71,065 million. As I calculated, the 4th quarter PAT is Rm 410 million.
The total profit before tax (PAT) for the year ending June 2020 is Rm 536 million.
EPS Rm 536 million divided by total issued share 1,360 million = 40 sen.
Based on P/E 25 my current target price is Rm 15.00.
I want to be very safe and conservative in calculating my Target price. I assume the company does not have additional production and it does not increase its selling price for the next financial year ending June 2021, its annual profit will be 4 X 4th quarter PAT Rm 410 million = Rm 1,640 million.
EPS Rm 1,640 million divided by 1,360 total issued shares =Rm 1.21.
Based on P/E 25 my target price will be Rm 30.25.
Based on P/E 20 my target price will be Rm 24.20 which is easily achievable.
2020-07-20 19:35 | Report Abuse
report the stupid Kyy page , in the public rules cant call buy & sell .
2020-07-20 19:27 | Report Abuse
This Kyy i think old already brains got problem now , can some 1 report him ? in public can call buy call sell? like like will effect all those investors
2020-07-19 22:40 | Report Abuse
Hold tight till QR out u will surprise, TP25
2020-07-17 23:26 | Report Abuse
Last time topglove also have give out share to worker like harta today announcement, after that top glove share price keep fly
2020-07-17 21:18 | Report Abuse
All bising bising who strong for what ? Just buy Big4 la
2020-07-17 19:54 | Report Abuse
Singapore topglove share up 15.8%
2020-07-17 09:51 | Report Abuse
Foreign fund keep Buying , which ikan bilis selling sure cry
2020-07-16 20:30 | Report Abuse
This is why bursa freeze At 3.30pm today when topglove start trading , if top glove crash , All counter will Bleed too
2020-07-16 20:29 | Report Abuse
early morning i cut all , will come back next week
2020-07-16 20:28 | Report Abuse
Sohai , if tomorrow Top glove down , All glove will down too , KLCI also down , dont be stupid , Glove counter will not up for now
2020-07-16 15:50 | Report Abuse
U all know , If topglove DOWN, all glove will kena pull down , KLCI will down , than All share counter will down , KLCI WILL BLEED , so must freeze it
2020-07-16 15:45 | Report Abuse
If bursa no freeze , All counter down , all Die
2020-07-16 15:21 | Report Abuse
Glove counter mega sales
2020-07-16 12:13 | Report Abuse
my friend working in some IB , get some news , “Shark continue eat “
2020-07-16 12:09 | Report Abuse
my friend working in some IB , get some news , “Shark continue eat “
2020-07-16 11:32 | Report Abuse
Shark eating ikan bilis only , u will see fly future to the sky
2020-07-16 11:10 | Report Abuse
Harta coming QR profit crazy 800-900ml
2020-07-15 21:35 | Report Abuse
already screenshot all & track your ID , will report Fake news reporting mailing to UOB & police
Apple1234 Dear all
Furtherance to the existing control measures implemented on glove stocks, the Company shall further tighten the policy for limit computation for glove stocks wef *16.07.2020*:
1. Collaterised account - 35% discount or _cap price_ of the glove stock collateral, whichever lower;
2. Normal account - clean limit of RM 100k for marginable glove stock and RM 50k for NM2/ NM3. Any excess must be covered by 1x cash and 1x marginable share.
3. Margin accounts: control measure is in placed based on _35% discount or cap price of the glove stock collateral_ and also subjected to existing inhouse haircut by stock category.
4. Call/Put warrant of glove stock have to be cash upfront or supported by sufficient cash collateral
No temp limit shall be given to purchase glove stocks, including Issuers warrant and structured warrant, if above policies are not complied with.
Nevertheless, should you need special discretion approval for your clients who are with strong financial standing, you may submit the request to ED (Mr David Lim and Mr Cheng)/ COO (Loo Chye Seong) for considerations.
15/07/2020 8:44 PM
2020-07-15 21:20 | Report Abuse
Apple1234 last week u always at Kossan page talk shit spoiled kossan & promote supermax , now disappear in supermax page , come to topglove SKL ? how much u lose in this 2day ? hahaha
2020-07-15 21:15 | Report Abuse
Apple1234
where the UOB report ? show it , u before always positive talk in glove stock ,
now negative talk in glove stock ,
i think u already Cut glove share let shark filter out
Lost all money ?
2020-07-15 21:08 | Report Abuse
U think result out will fly ? u all can remember when topglove result out after dinner T-O RM18 but Drop like shit , i have 60% share in top glove last time . this is Shark game must play smart
2020-07-15 09:51 | Report Abuse
now i cut 80% profit to Dpharma
https://www.theedgemarkets.com/article/duopharma-pharmaniaga-undertake-fill-and-finish-processes-covid19-vaccine-—-khairy
2020-07-15 09:48 | Report Abuse
All change to Dpharma & pharma
2020-07-15 08:48 | Report Abuse
Dpharma & Pharma Fly
https://www.theedgemarkets.com/article/duopharma-pharmaniaga-undertake-fill-and-finish-processes-covid19-vaccine-—-khairy
2020-07-14 17:08 | Report Abuse
Kossan standing like a boss
2020-07-14 16:07 | Report Abuse
see top glove up so much now drop alot , but harta slow and steady
2020-07-14 15:35 | Report Abuse
now filter all those noob go out la
2020-07-14 11:05 | Report Abuse
Harta is biggest ship , slow and steady
2020-07-14 10:38 | Report Abuse
Now supermax & topglove is time to rest , Other glove counter Fly
2020-07-14 10:33 | Report Abuse
will go to RM21 Near by topglv
2020-07-14 09:43 | Report Abuse
Stupid report
2020-07-14 07:58 | Report Abuse
i have Harta supermax & topglv share , just telling the true
2020-07-14 07:35 | Report Abuse
Harta Next QR result is Crazy more than supermax X3 times more , Just wait & see , dont ask me how i know
2020-07-14 00:09 | Report Abuse
Fake news alot , just sell it come to harta
2020-07-13 23:07 | Report Abuse
Harta Have crazy QR report i think will win Top glove
2020-07-13 18:05 | Report Abuse
Just change boat come to Harta , Topglv & supermax Fly so high already, Next is Harta Fly
Stock: [TOPGLOV]: TOP GLOVE CORPORATION BHD
2020-07-20 19:54 | Report Abuse
from Kyy blog
I refer to the above report, total issued number of shares is 1,360 million.
The 3rd quarter ending 31 March 2020, revenue/sale Rm 447 million, PBT Rm 95 million and PAT Rm 71 million. The production cost is revenue Rm 447 million minus PBT Rm 95 million = Rm 352 million and average selling price (ASP) is US$ 60.
As shown on Supermax’ briefing page 13 above, ASP for the 4th quarter ending June 2020, the selling price was increased from US$60 to US$ 160, an increase of US$100 which is pure profit because the additional selling price does not involve production cost.
The 4th quarter ending June 2020, the production cost Rm 352 million divided by 60 X 160 = Rm 939 million which is the revenue/sale minus Rm 352 production cost = Rm 587 million which is pure PBT or PAT Rm 410 million.
I refer to the table above. The total PAT for 1st quarter Rm 24,747 million, 2nd quarter Rm 30,165 million and 3th quarter Rm 71,065 million. As I calculated, the 4th quarter PAT is Rm 410 million.
The total profit before tax (PAT) for the year ending June 2020 is Rm 536 million.
EPS Rm 536 million divided by total issued share 1,360 million = 40 sen.
Based on P/E 25 my current target price is Rm 15.00.
I want to be very safe and conservative in calculating my Target price. I assume the company does not have additional production and it does not increase its selling price for the next financial year ending June 2021, its annual profit will be 4 X 4th quarter PAT Rm 410 million = Rm 1,640 million.
EPS Rm 1,640 million divided by 1,360 total issued shares =Rm 1.21.
Based on P/E 25 my target price will be Rm 30.25.
Based on P/E 20 my target price will be Rm 24.20 which is easily achievable.