If you purely based it on the existing production capacity in 2019, then it s already at its fair value. The growth is that Esceramic is expanding as it has acquired two plot of lands to build additional factories in Malaysia and Thailand last year. That would easily double their current production. In addition, for the next 2-3 years, many new comers join the bandwagon of manufacturing gloves and already building their new factories in China, Thailand and Malaysia. To Esceramic, it would cont to sell the former regardless if ASP for gloves down or not and these 3 countries are its market with some even to South America. With higher expansion and some which plan to even double their current production, recurring incomes for Esceramic would be higher due to wear and tear of the former within 12-18 months. In the next 2-3 years even when the pandemic subsided, Esceramic would have more clients to service and supply of formers especially for their wear and tear. For now, the business is secured for the next 2 years.

Shorties cover back their own position after sold down from 3.75. Really robbing in day light.

If Japanese standard, Tan Sri has to resign and step down for failing his shareholders since he claimed to be no 1 counter but now not even top 10

one more thing, the kowtow must be more than 90 degree. Cannot be 45 degree or 80 degree. Else, it wont be sincere enough. for more sincerity, he should bring his management and ask them to kneel down and apologize too. Tan Sri can be exempted due to his seniority.

Tan Sri LWC shoud have Press Conference and kowtow and apologize publicly and please for the elites not to attack his company shares anymore and give him second chance. Next, he should announced that Top Glove cant be no 1 share and that is only reserved for Maybank alone. last but not least, pledge another rm150 mil to donate to the Covid fund.

Hahaha. Could be Tan Sri LWC made some elites group angry when he claimed Top Glove gonna be no 1 counter in bursa. After he announced that, Top Glove lao sai non stop since then.


Benhobenhobenho What kind of price movements is that, suddenly up this morning to 3.75 n down 0.35 to 3.40 afternoon, all becoz of cbd ban lifted news. If this is not share manipulation, then I don't know what else it is. These operators are playing with investor's sentiments n manipulated to their advantage. Pity those who chase high this morning
10/09/2021 4:01 PM

I still have hope to buy at 2.60-2.80 next week.

Tomorrow where got market open? The operators happen to choose 3.40 for now for whatever reason they believe in. could be their calculation or their risk thingy. else, they wont stop attacking. Their proxies yet to receive new instruction from their big bosses.

EVO118 3.20 is on, maybe tomorrow.
10/09/2021 3:58 PM

Dont crap on ASP or US ban or China competition. Today's pattern already proven the price is being suppress by just a small group of operators. It is so coordinated and timely and fast. It s all using system and algorithm.

Shorties are so mad today and go full force attack. no more tactical move. Full frontal attack. Top Glove still no reinforcement and left with scattered troops to defend the lines. 51 mil casualties already

wow. so powerful. Shorties gonna exhaust all their bullets soon if they cont to attack in such way.

now 131 mil. Shorties really ALL IN today. Top Glove should not pass 3.50!!! that s their message.

Shorties keep topping up the sell q at 3.49 and 3.5. Building up from 70 mil to 100 mil and now to 125 mil

Great wall of China still blocking at 3.49. Mini great wall set at 3.50

I wondering too. Easily for them to push down with that amount of selling Q.

niet Disappointed cannot break 3.48. But shorties increase sell volume from 4.8 million to 5.5 million. Why cannot fill .3 million buy volume. Now shorties during lunch break will try to get media to put out some bad stories to push down.

7 million q at 3.49 - 3.50. Why they dont just push down? That really strange.

Shorties is winning. Another level pushed down and setting up wall at 3.49 now. Strange is shorties did not push down further since the buy q is weak and low compare to selling q

Shorties might need to execute until 10 mil today if they want to block the price from rising further.


niet Shorts topglov 3.9 million shares shorted at 11.22am today
10/09/2021 11:22 AM

shorties call all their uncles/aunties/neighbors/friends/contact/pets, everyone they can find to park the price and block it. They knew Top Glove yet to execute SBB and the big bosses yet to use their dividends to buy back shares.


IronShirt 3.50 sellers reached 5.0m Parking
10/09/2021 11:20 AM

Shorties need to cover position baru untung.


I_like_dividend Shortist bought yesterday bukan sudah untung?
10/09/2021 11:02 AM

Wow, seem shorties really adamant to sell down today. My 2.60-2.80 is still possible.

obviously you did not read the quarter announcement documents and Annual report.


x_abe81 will return to previous close price before stabilizing. still need more info about the business with US. When, How much, Effect to Q3 and the year.
10/09/2021 10:49 AM

0.30 uptrend isnt a goreng for Top Glove and the volume is still low. just retailers played with Shorties.

Shorties fired all their arsenal today to block the rise. Can see how they level the acttack for the past 20 minutes. Shorties today no bullets to short Kossan, Supermax and Harta. Remember that Top Glove yet to conduct any SBB for months and the bosses with hundreds millions of dividend also yet to buy back any shares. They may fire their salvo soon after being attacked for months and they did not counter attack back.

Aiyoh....i cant but at 2.60-2.80 already. Why Why Why?

Haven't top up. Just amending the buy q to lower price for top glove since ppl like to sell lower and cheaper and I might as well but cheaper n lower too.

Must cont for me to buy from 2.6-2.80. Else i not happy. I have been waiting for so long.

krish52 will south bound stop or will continue ?
09/09/2021 6:18 PM

Aiyah Kossan, today Top Glove drops, you apa pasal join the game? I dont have that much of fund to buy Kossan shares. I am focusing on Top Glove now. Pls wait for me. Dont rebound first.

The lower and cheaper you buy the higher is the dividend percentage.

ilovesoya I'm only concern on how much dividend I will get, all free shares haha
09/09/2021 6:14 PM

Sorry Supermax, was busy with Top Glove cause it s going to hit my buying price. But seeing the trend, I need to adjust my buying price lower, hopefully to get it next week. No time for Supermax yet. Supermax u just need to wait for me to settle with Top Glove first as many are willing to sell cheaper and lower to me.

I just want to buy at 2.60-2.80. That's all. Next year only we talk about number and fundamental as market doesnt care now. They only care about selling cheaper and lower. I only care bout buying cheaper and lower. Come come sell!!!

Esceramic in a unique position whether China expanding gloves capacity or Malaysia or Thailand, Esceramic will have more biz. It s not competing against China or Thailand, it is supplying to them. We only heard of newplayers starting gloves manufacturing but no big players plan to start former manufacturing since it is a more complex process and low market. Nobody is interested to earn a 10mil - 15mil per quarter biz. Only existing players can cont on with this.

Collected at 0.445. Been waiting to collect when it moved below 0.5 but been telling myself to wait and see if can collect lower. Next collection is below 0.4 if any since glove trend is overly negative now and would affect Esceramic too.

Tomorrow sell down to Rm3.20, Monday sell down to Rm3 and Tuesday sell down to Rm2.80. I better get prepared to buy from 2.60-2.80. Thank you for the great sales!!!

Hope or no hope or downtrend or uptrend, my investment is now ready for RM2.80. Come on Top Glove, sell more to RM2.80 pls!!!

why stopped at 3.40? just 5% lower. Push it to 10% at the least. It s a sunset industry. Tomorrow another 10% to close the week below RM3.

Dont rebound so fast. Pls sell until 2.80. PLS!!!!

Big shareholders might also waiting. They also wanna buy cheap and earn more dividends. That could be the reason they arent defending the price now and let it free fall for almost 9 months now. There are no more SBB or buying from big bosses.


UlarSawa Want rm2.80 alao need to see stakeholders repsonse leh. Correct?

Just let it drop to rm2.80 and stop all the craps and debates. I want to buy!!! I cant afford rm9 but i can afford rm2.80.

Do u still recall what happened after that? :) Airasia broke new high for the next 2 years after that. Reason? They bought back all the lowest price from panic sellers and sell back to them when AirAsia broke new high. It's easy to cause herd mentality.


JJchan My Banker has advised me not to touch TG for next few Days---look-see-look first---Remember
how foreigners Short AirAsia Big Time---3 weeks Continuous Fall and Bursa has No investigation
or answer on Who short Big Fat Tony

JPMorgan is a Big Short Expert and Can Call many shorties WorldWide to join attack.
09/09/2021 11:36 AM

Please cont to sell to 2.80!!! If there are still selling down after 2.80, I am gonna borrow from my siblings and buy....Pay them back with my bonus later end this year. Remember, don t use margin else you will be forced to sell and cant hold.

Im building my retirement fund. This is really a rare golden opportunity for me as market is very negative and pessimistic on gloves. Had never happened before for the past 13 years since I invested. It's like the total opposite of the optimism and confidence of gloves in 2020. The more ppl sell the more I am happy to buy from them.

why panic if you can average down? Let's say you entered at 2 lot at rm6, next two weeks down to 2.80, just buy another 4 lots and average it down to rm3.86. That is a safe price for you to hold and keep for years while enjoy the dividends and growth. Pandemic or endemic wont just be gone. For last 20 years, how many viruses already? Almost every 3-5 years you got new viruses from SARS to mad cow disease to H1N1 to swine flu to dunno what new bird flu, and now to Covid 19. In addition, even have variants and mutations. Market is selling like the glove is a sunset industry and gonna be wiped off from the face of the earth by ASP USD0.

For those who played margin, sorry lah. You were meant to be killed by the big players.

3.33 coming soon for me to average down. Finally. I have been waiting for almost 1.5 months now. Next, 2.80 for me to All In. Thanks you shorties!!! Never have imagined that I can buy Top Glove at this price.

Please give me 2.80 JPM. I will All in if come to 2.80 and just lock my account and keep Top Glove for 20 years as my retirement fund. Pls pls pls.

Totally agree. And that's y I am picking up the gloves happily. Hahaha. In short term, the shorties are winning but in long term, i would be happy to hold gloves. With 5-6 billion cash, can even buy the whole AirAsia since ppl loves it so much. Then start to produce AirAsia gloves. LOL


pjseow Yesterday Harta briefing had created havoc on the market prices of all glove makers today . Harta price dropped to 6.68 . This price minus the good dividends ( 17.7 s + 19.75 + 70 s ) is almost at the pre pandemic price . What is so shocking with the briefings ??? Is it because of the ASP dropping to stabilised state in CY Q1 2022 US 30 to 35 ? I read a latest IB report dated 8th Sept with the projections of consensus earnings in FY2022 at 3986 millions and FY 2023 of 1493 millions .
The FY 2020 pre pandemic earning was 434 millions .If we temporarily "forget " the huge extraordinary growth in FY 2021 and FY 2022, there is a 3.44 x growth of earnings from FY 2020 to FY 2023 . This is like 50 % growth per year or CAGR from FY 2020 to FY 2023 . This growth is even better than the growth before pandemic . Why panic as though it is end of the world . THe market has been BRAINWASHED so much that peoples stop thinking rationally .
Do we give same pricing to a stock which earn 3.44 x in three years from 2020 to 2023 while earning 7 billions in FY 2021 and FY 2022 ( between FY 2020 and FY 2023 ) ? These super earnings has enabled Harta to increase it capacity to more than double without borrowings and at the same time give a generous dividend of 60 % of the earnings . The semicon stocks would have easily double or triple the pricings with such performance .
08/09/2021 10:07 PM

No lah, give me 2.80 as JPM TP....


paktua73 paktua not bomoh laa..
but.
for TG paktua can say..
it hard to crash below 3.20..
deep can crash mybe at 3.30

let see paktua stick by on move



**not buy or sell call or recommended target price only own move sharing.



tut tut
let ride

Let them press all they want. I wnna buy more at RM3. been waiting but they still not pressing hard enough. 6 days only drop from 4 to 3.54. So slow on their shorting. They didnt go all out to short Top Glove and push down further.

ToneeFa Terrible shorting on TG today. They really try to press down to touch 3.50.
08/09/2021 4:46 PM

Where are all the sellers? 6 days only drop from rm4 to 3.54. When only can reach 2.80? Am i suppose to wait for another 3 weeks for it to drop to 2.80? Just drop the atom / nuclear bomb and drop it kaw kaw since 2.80 is the TP from JPM. Learn from Serbadinamik, dont need to wait long. Straight went to 0.4 from 1.6 within a month. This Top Glove from Rm7 to rm3.54 took it 8 months though everyone said no good, no growth no profit, can close shop.

Cause retailers and newbies dont know what they are buying and selling. Just follow the wind. Keep to your own investment strategy. Up and down in market is normal due to negative sentiment and positive sentiment/confidence plus some manipulation.


StockGodFatt Esceram sells formers to China should be good news for them. So why follow gloves down?
08/09/2021 2:26 PM