yawn.....up down up down. good time for traders.

6th weeks of attack on Top Glove.

Done panic selling. MIC ppl said thank you. Tomorrow cont back on on uptrend until results out. TP RM9.

RM1 - 2 millions fine max. Why so panic? And it can be in court case for years if Top Glove gonna challenge this. If Top Glove paid it, then settled. MIC cronies buying non stop now. Thanks to their boss for telling the to get ready to buy when he released the bad news.

This is more like a political thingy lah. Top Glove has to make more "donation" and then all this magically will be gone case. When have Malaysia been so concern on the foreign labors rights and benefits? There are so many illegals out there and being taken advantage off and abuse.

19 paper and if only if all of them also guilty, then 19 X RM50k = RM950K fine. Provided Top Glove doesnt appeal and fight back. Cause our of 53000 employers and the authorities inspected few of them, indirectly it s already give them a case to question on selective prosecution. Not to mention that the deadline is in Sept which is still under CMCO that time. Top Glove can argue that their progress on the improvement of staffs quarters have been impacted by the MCO, CMCO and RMCO. Why you guys seem like Top Glove will close business?

EMCO for just the hostel. Dont forget that most tested negative workers have been transferred to stay at nearby hotels. Hence, there is no EMCO on the factories and Top Glove should be allowed to operate some of its factories with those workers who are tested negatives and completed their quarantine. not forgetting over 1000 workers have been discharged.

impairment from Property Dev and Construction. Condo tak boleh jual.

who wanna try the vaccine? Not halal one since made in China.

suddenly so many ppl so concern about the foreign workers employed by Top Glove?

Next Tuesday/Wed, 8-10 factories back to operation after completion of 14 days closure. Another wave up then. Just wait and be patient.

@btuscy, BCP is done by BCP experts and specialist. not just normal business analysts who are not trained in it or have the relevant experiences. Most BCP fail because it is only good on paper but not on real scenarios and practicality. I knew of companies who said got backup for its servers and data center but when disaster strike the data center, the backup unable to be recovered. Next, during the post mortem, we found out they have never do any recovery testing before. They just run the backup batch job daily and weekly not knowing if they would be able to recover or the staffs know what to do in case of recovering the data.

time to move 50% of your production away from Klang. That is y it is always good not to concentrate everything at a single location. Top Glove still concentrate 50% of its operation in Klang. Should reduce it progressively to 25% in future. After all, Klang only provide the advantage of location nearer to the seaport. Not in term of raw resources and manpowers. It's ok to move some production to further away and nearer to the raw ingredients.

traders always read the news and react accordingly. Bad news - sell, good news - buy.

phew. spent 50% of my raised fund to pick up some bottom today. Been queueing at 6.30 but no one selling to me. Have to buy at 6.80-6.85 but choose not to buy all in. Maybe have opportunity to buy lower tomorrow and Thursday.

All retailers done selling. Now, let s see what the IBs and Funds gonna do. Meeting already finished.

not 28 factories but another 12 to be closed in stages for testing and quarantined. Next week, the initial 16 factories would be back to operation when its initial batch of 5000++ employees are released from quarantined. Since 3000++ of them are negative by then. By early Dec, all 20-25 factories back in Operation with exception of maybe 5-8 factories in partial operation due to employees tested positive for Covid 19.

Since 18 November 2020 until now, we have temporarily stopped production in 16 facilities in Meru, Klang. Balance 12 facilities in Meru, Klang have been operating at much reduced capacities.

With guidance from Kementerian Kesihatan Malaysia (KKM), we have completed full screening of about 5,700 workers at our hostels. We are committed to proceed with the KKM recommended COVID-19 screening test of the balance workers and staff of our factories in Meru, Klang.

tomorrow got discount again. This time not gonna miss it

Just refer back to August and Sept and you would understand what is happening now to gloves counters. Question is when would it stop going down and reverse the trend?

Esceramic yet to announce the new major shareholder who bought the shares from the Kamal Tan.

@jonathanchee PE 18 is peak to you? i m not talking about forward PE but just the coming quarter PE.

Ehh, why suddenly their comments been removed?

jonathanchee, i m not talking about 2-3 years time. I am talking about in December. No doubt when vaccine is really developed and distributed and ppl start to get vaccinated and Covid 19 gets contained, glove would not command such a value because the revenue would be lower, profit would be lower. Hence, it is logically and statically for it to goes down to its fair value. Just like what happened during SARS, HINI, etc.

Now the question here is that Covid 19 has been around for almost a year now and there is still no sight of it slowing. The damage done for a year could not be just reversed in just 1 month. Many storage of PPE have been exhausted and there have been lot of orders placed to replace such storage and current usage. Gloves profit is foreseeable to be excessive in 2021. That is 14 months more for glove theme. Dont forget that Winter is coming and the northern hemisphere gonna get worst. Experts already said it gonna be worst than last year due to community spreading. Last year was still about China tourists bringing the virus over to Europe. This year would be total different ball game.

Just to add a note here that for vaccine to be developed, tested and approved within a year time is marvelous feat by itself. But im skeptical that it could be achieved looking at how vaccine needs an average of 5-7 years time to develop. And some disease has no vaccine at all. For example Dengue. So give them a 50% warp speed (as in Star Trek), experts and scientists may be able to roll out a vaccine within 2.5 - 3.5 years. That is a miracle by itself. We yet to talk about the logistic and vaccination program for 7 billions earthlings @ Human. Next come the issues on logistic, purchase priorities, halal and non halal question, poor countries that cant afford it just like those in Africa. Gloves and masks are here to stay for years to come.

No need to reason so much. Now it s the vaccine hype period, so gloves would be hammered down and IBs also can take this opportunities to recoup their call warrant losses. When this vaccine thingy die down just like what happened from early August to early Sept, then gloves theme will be at play again. Dont forget that Top Glove gonna release results on 17th Dec (based on last year released date). Since glove already down for 3 weeks ++ now, it may pick up mid next week.

SSB ongoing. Poor IBs....kena wallop by Tan Sri.

IB pushed down so hard, come 430 PM, Top Glove boss SBB and pushed up to RM7.90. Poor IBs, all hardwork wasted for another day. Next week they would realize no point to push down anymore. Better buy more Top Glove mother and sons and breakeven back rather than making millions of losses or try so hard to profit 100K.

no windfall tax!!!!

no windfall tax. the top 4 gloves donate a one off rm400 million to the covid fund.

glove will rebound back to peak if there is no windfall tax but only an one off tax or a small % of extra tax.

my collection below 0.5 seems to come truth by next Monday. Anything below 0.5 is already below value.

now you guys know how the rich made money out of your wallets. You are buying the high price from them. Sooner or later you will sell lower and they will buy back from you.

This counter is currently at fair value. If drop below 0.5, then it s under value. This Friday and next week may provide such opportunity to collect below 0.5

Seem that good123 already burnt and cut loss. Be prepared for potential lower price on Friday and next week due to negative sentiments in the global market.

typical Malaysia market, report good results will sell down, deliver bad results also will sell down. It's common that ppl just wanna take small profit.

not rare for a goreng counter to go down many days due to its over value and also end of hype. In addition, with the bonus shares, many would choose to take profits and move on to other counters.

killed all the retailers and IB collected cheaply. Now super bullish.

It's time to start collect. Thanks IBs for working hard to press down as warrants expiring on 27 and 30. They may try to press even further in the next two days before they are out of bullets. IBs have many call warrants and they can't be spending all the bullets at one counter. They may aim to reduce the losses.

Poor all the newbies trapped in Esceramic. All the huat huat call become hope hope call. Instead of huat to rm1 now become hope it rebound to rm0.7

touched 0.69 already. better wait for tomorrow and buy at 0.60 - 0.65

pang72, u earn only. those newbies who just joined the bandwagon, burnt kaw kaw now.

poor newbies and ikan bilis. Swallow by the big fishes. Guess on 26th Oct, the price could be back to 0.69 for the bonus and warrants to be listed. Those who played contra kena burnt kaw kaw. 0.9 hold, 0.85 hold, 0.8 hold, 0.75 hold. How bout 0.7, 0.65 and 0.6, still hold?

many are stuck now just like back in August when Esceramic reached its peak.

Yawn! price volatility nothing in comparison to August

you just looked back the Dividend too. it also mentioned ex date and entitlement date which is a day different. Ok lah, i help to give u the definition as well. Most of you could be first time receiving bonus shares.

Ex-dividend date: To be eligible for a dividend payout, you need to purchase your shares before (not on, or after) the ex-dividend date. Entitlement date: This is the date on which a company checks its records to see who should receive the dividend. Payment date: This is the date that you'll receive your dividend.Sep 3, 2019

ConfirmKaya, you can fire your remisier already. hahaha.

*it's finalized. typo error

Fujisnow, you can sell your shares today and still get the warrants and bonus shares. Just that you cannot sell more than what you are holding since yesterday although theoretically you should have double of shares from what you had yesterday. Just that this bonus shares and warrants yet to be deposited into your CDS account. The share price has been adjusted which means it s not finalized. whoever bought today would not be entitled to any bonus shares or warrants.

This counter is potential for bull run if:

1. Post at least a million profit for next quarter
2. Private placement successfully executed with most to par down debts and biz expansion
3. Secure another copper supply biz as claimed by New Strait Times in Sept news report

Next, you can set a TP if Anzo delivered below results:

1. 1 million profit per quarter, EPS 0.11 (PE 15: 0.66 PE20: 0.88)
2. 1.5 million profit per quarter, EPS 0.165 (PE 15: 0.99 PE20: 1.32)
3. 2 million profit per quarter, EPS 0.22 (PE 15: 1.32 PE20: 1.76)

The TP above is only possible if Anzo delivered those results with no other external negative factors.

burnt until kaw kaw for all who chased high.