Broke the support line at 4.20. Got some at 4.21. Now let's wait for 3.50 if it really come for me to acquire again.

Back to 3.25. A burst of fire.

JPM will increase 15% TP next month. Stay tune!

latest UK Covid 19 cases is 16K ++

Bottom 4.45 minus 0.18 dvidend, the new supporting floor could be around 4.27. These are the long term holders and not short term traders who would cut loss easily and move on to other volatile and exciting counters.

A counter cannot cont to drop forever if the fundamental is intact. Once all the weak retailers and day traders exited, the remaining would be institutional, owners and also long term holders. We should have almost reach such floor as the price starts to stabilize. The previous bottom was around 4.45 before the retailers start to chase at 4.90++ until all the way to 6.06. Now most should have cut loss and sold as the losses are more than 20%.

3.80 was the TP and now they are having extra discount for collection. Just be patient.

everyone conveniently forget bout those poorer countries situation. Brazil has not even recovered from the pandemic since early this year. And South America are facing such a dire situation but nobody reported it as if they have been totally censored and ignored.

https://www.reuters.com/world/americas/brazil-sets-new-single-day-reco...

everyone conveniently forget bout those poorer countries situation. Brazil has not even recovered from the pandemic since early this year. And South America are facing such a dire situation but nobody reported it as if they have been totally censored and ignored.

https://www.reuters.com/world/americas/brazil-sets-new-single-day-record-with-over-115000-coronavirus-cases-2021-06-23/

Remember that JP Morgan gave TP 3.80. Technical indicators showing oversold now.

ASP dropping story has been in circulation since last August 2020. Now 10 months later, ppl still drumming on ASP dropping. Story for ASP going up only lasted for 4 months. ASP dropping can last for 10 months? Isn't that too much of recycling of old news?

low volume but dropped a lot. You should know what it means.

I imagining that I am in the airplane on my way to holiday while the cabin crews serving me my meals and drinks while wearing gloves (hygiene purpose) and not mask so that I can see their handsome and pretty faces and smiles. Covid 19 has been contained that time with pocket of outbreak once a while here and there especially at those poorer countries. I imagine my holiday fund was funded by my investment in GME which I cashed out and then buy lot of Top Glove at RM3.50-RM4 and enjoying my dividends for years to come without worry.

Just see the volumes transacted at 4.65 and 4.66. This is not ikan bilis transaction. The big players are pressing it kaw kaw.

5 more trading days before ex date for dividend.

5.3b
4.0b
2.8b
1.3b
0.7B <---- this will be revenue

no wonder the stock keep downtrend non stop... it will drop at least 1 years from now..

0.7 B per quarter one year from now? Top Glove was making around 0.7 Bil revenue averagely per quarter back in 2016, then 0.85 bil revenue averagely per quarter in 2017, 1.05 bil revenue averagely per quarter in 2018 and 1.2 bil revenue averagely per quarter in 2019. All these were made before any Covid 19 or any increased hygiene awareness and low ASP.

For the past 10 years in Top Glove, it never disappoint amidst some weak quarters earning and knee jerk reaction from the market. After that, every year gave dividends and report profits. 2020 was a special year due to Covid 19 pandemic. Boring, yes....stable, yes.... thrill, No except for 2020. Went for a super roller coaster ride. Luckily no heart attack for me.

James, in Malaysia, the limit up is capped at 30%.

Already 8.49, up 90%

They knew something which we yet to know. Lifting of CBP perhaps.

if drop below rm4, will buy and keep it happily for next 20 years until my retirement.

hah? glove in downtrend now? isnt it already downtrend since mid October 2020? Now is hovering without up or down.

Top Glove now macam main 4D, waiting for number to open on 1st prize, 2nd and 3rd prize. Hopefully can strike Jackpot. MCO all 4D cant operate.

WealthSoWonderful dont selectively ignore the word "Over". :)

When the US covid cases increased from Nov to Jan (at its peak), did Supermax price on uptrend? The answer is no. Supermax was on downtrend since mid October 2020. Hence, covid cases in US isnt the right gauge on what would happen next. Dont let it fool you in believing what the IBs said by giving such justification. Whether Supermax up or down, there is only one factor - which is whether IBs want it to be up or down. That's all. Dont need to over analyze the trends.

Wow, Top Glove is powerful today.

With US targeting Supermax and Hartalega now, it would mean they going to lift the ban on Top Glove soon. Else, they wont have enough gloves supply if all the big manufacturers are banned. It's just a rotational kind of sabotage by the US on the gloves. I wonder if they gonna target big bro China since they also bought lot of gloves from China.

wont go to rm3.50 as Top Glove has always been trading at the range of rm4.50 - 6 all these years even after split shares / bonus shares. You guys just give up and dont wait anymore. Go and buy Genting and Airasia or plantation. Why waste time waiting for rm3.50 at Top Glove?

Panic retailers dump for nothing. Same like March 2020. Good discount.

@GloveBurnHand, i wonder how much u earn by posting comments here? 239 comments since 4th May. That s like 17 comments per day continuously "attacking" gloves counters. This must be your part time job after delivering Food Panda?

World case around 280k back in August 2020 and Gloves counters were super peak and all above rm20 for the top 4 gloves with some touching rm30. Now world case around 900k, all gloves traded at PE lower than 7. World case around 800K, 700k, 600K also the same. It means cannot use world case as gauge. If the gloves wanna fly, it would fly. No need any justification. Just like all the penny stocks. No fundamental, no trends, nothing, just goreng.

Latest seize by US CBP give a rough calculation of USD145 per 1000 gloves. ASP is going up.

Last time when got into the KLCI index, Supermax price dropped a lot. Now if kicked out then mean up a lot.

4.68 millions gloves worth usd680k. Meaning ASP is around USD145 per 1000 gloves. Wow. How come the ASP going up again? Last seize was usd130

15-20% lower ASP and if based on the recent seize of Top Glove gloves by US CBP, the ASP given was USD130 per 1000 gloves. So 80% of USD130 is USD104. Just round it up to USD100 for the next 2 quarters and then USD80 for final quarter. How much would Supermax be making with its current production volumes? Any new production lines coming live this Q2 and Q3?

A rough calculation with 10% downtime to production may yield averagely RM2.3 billion revenue per quarter for the next 3 quarters. Of course this is just an average amount and it could be higher for a quarter and lower for another quarter. Just a caveat that this is based on the assumptions of 90% utilization of the plants, USD93 (ASP) for the next 3 quarters, using 26.17 billions x 90% utilization = 23.55 billions capacity and no other hidden cost or issues.

If market still unhappy about this and value the counter lower, well that s the market and not caused by the business. Just like how the market those loss making companies with high valuation now.

Thanks probability. Imagine what the company can do with such additional of 2-3 billons cash. They can just invest in new plants, machineries, lands, technologies, or even acquire other strategic assets without the need to loan from banks. They also can pay off their existing loans and debts to the financial institution and saved on interests. Could also develop new channels such as own distribution networks / own brand, etc. The actual valuation of the company should be 3-5 years from now after the pandemic and how the management actually invest their new found wealth. That would differentiate them from the peers and leapfrog the company to another level. Top Glove is already investing into better accommodation and automation. Supermax is opening up new plants in Northern America and focusing on the new biz of lens and masks. If the company just purely invest in opening new plants in Malaysia, that would be shortsighted. They should think deeper on the whole supply chain and how to gain from it with their hoard of cash now.

nobody noticed how high is the trade receivables minus the trade payables. This is the hidden amount which yet to be reflected in the net profit.

tomorrow time to shop for cheap sales. aim to buy below rm4.30. Missed the chance last time when it dropped below rm4.

15%-25% ASP drop is for Spot price not for contacted price. 10% of the volumes only reserved for Spot orders. I really wonder if such analyst got read through the report or not.

All the big 4 gloves reported big profits and growth since June 2020 and yet the share price corrected since October 2020. That was freaking 7 months ago. How to explain that then?

EPF helping the shorties. Disposing Kossan instead of collecting dividends.

FundaStronk State government enters the glove battle also, RIP

https://www.theedgemarkets.com/article/glove-factory-be-built-batu-gaj...
05/05/2021 10:40 PM

Anything built by the Gov is sure doom to fail especially for Perak government. They have been building lot of white elephants projects all these years from Solar farm to animation park to industrial zones to tourism and all became white elephants and massive losses. And the reports mentioned the first phase only will start in 2023. That is 2 years from now.

The US Customs and Border Protection has seized a shipment of 3.97 million nitrile disposable gloves from Malaysia’s Top Glove Corp Bhd estimated to be worth US$518,00 (RM2.1 million). That would mean ASP is around USD130 per 1000 gloves. Hmm, how come the IBs claimed ASP would come down in Q2 2021. Now already May and yet the ASP is USD130. Long way from their estimation of ASP USD35-45.

Kossan has been suppressed much of this week. Come next week, it would burst into super uptrend mode to do some catch up with the peers.

Yesterday recovery was purely sbb. Retailers are still selling and next sbb again. Buying cheaply from retailers.

Retailers are panic lots and always lose money in the market. Just sit back and relax. This week is for shorties to play due to all the stars are aligned and can easily shake all the retailers. JPM already gave TP 3.80 but retailers still panic. US is banning Top Glove not Kossan. Kossan should have more business now from US since Top Glove cant export there.

This is to allow US funds to buy cheaply on Top Glove. Panic retailers are selling for the past two days. This is why retailers always loses money in the share market. Top Glove boss should just send an email and phone call to Joe Biden and ask him "Apa Lu Mau?" Dont play all this tricks, just tell me what you want? 30% stakes to US funds for Top Glove? or start a new factory in US?

If US not buying from Top Glove, where else are they gonna buy from if not from the rest of the gloves companies? JPM already gave TP 3.80, why you guys still worry? Most trusted JPM when JPM gave TP 3.40 for Top Glove but nobody trust JPM when it gave TP 3.80 for Kossan?

Tomorrow Russia and China would announce to buy Top Glove's gloves from US. US doesnt want them, we want them. Purposely wanna annoy US. China is so piss off with US now and may do anything just to annoy them and show them who is in control.

US wants a pie of the gloves. Either Top Glove lets the US funds to buy cheaply on its shares or start an operation in US making US made gloves. Then everything would be resolved. That's how they put pressure on you.