For all this talk about vaccines, I think that it is more hope that life will get back to normal pre-covid days. The reality is that those days are past. Even now CNBC reports the 3rd wave has happened in Europe and it is not even winter. See https://www.cnbc.com/2021/03/22/third-covid-wave-hits-europe-france-germany-eye-more-lockdowns.html

Also I would say that many who talk down gloves to say that there are many new companies that are coming on stream and that will depress prices are wrong. Their impact is limited. Gloves is a very competitive industry. The only way to make money is volume. That is why the incumbents are here to stay. The profit margins are not great so to generate profits like TG you need to go with huge volumes. Smaller companies cannot compete.

Further bear in mind that different customers have different needs. Some like their gloves thinner, some have a different texture, some require it thick. Hence machines and lines have to be configured to meet this. Since volume comes into play small producers cannot capture this niche markets. There is also the inputs required where economies of scale means costs savings. There is also environmental requirements to comply with. The Capital outlay is massive. Hence small players may come but will not last long.

If you look at TG for a quick buck perhaps the negative news may crowd out the fundamentals, but honestly long term or at the very least mid term I think TG is a very good company and cheap.

Just a minor correction. The ex date is 23 March 2021, so any adjustment will be on Tuesday 23 March 2021. If you hold through Monday you are entitled to the dividends.

I follow this forum on and off and have invested in Top glove. Not as much as most of you but I bought long time ago at 21.30 so after split it is 7.10. However I have not thought of selling when it reached over 9 or dropped below 6. This is because of the dividends. Even at 7.10, it is more than 10% return and applying the rule of 72 you double your money in about 7 years. So for those who are traders I take my hats off to you as you must have nerves of steel with all this volatility and manipulation that goes on. But if you invest for mid term or long term objectives then the gyrations in price really does not matter so much and Top Glove I think is one of the best investments in Malaysia since it is export orientated and not dependent on how well Malaysia does unlike Banks etc. All indicators show that the Malaysian economy is not doing well and will be slow to recover. So that means banks, airlines and hotels are out for me. I do not see recovery in Malaysia soon even if perhaps there may be recovery in the US and Europe, they are targeted to "recover" in late 2021 while Malaysia is in category 3 - late 2022. As for vaccines affecting the Top Glove's profits I think from reports I read the worse case scenario is that their profits would be very strong for at least another 18 months, thereafter it will start to moderate but will still be good/high. This is on the assumption that the world gets back to normal soon in a year or two. However as more and more reports are issued, it appears that the virus can and has mutated and that it acts like the flu hence there would be a need to vaccinate every year. The costs and logistics to do this yearly is mind boggling hence together with vaccine skepticism I doubt that we will get the best case scenario where there is herd immunity anytime soon. Further studies have not shown that being vaccinated you are not infectious. In fact while you may not get sick (90% protection) the irony is that you will feel confident and travel more and in the process infect others even those who have been vaccinated. With this in mind the UN has reported that the world will not be back to normal for perhaps another 7 years. Some have gone so far as to say Covid 19 will be with us forever. So for the economy to go back to normal when we meet, go out to shop or eat or attend concerts etc more protection will be needed because Covid 19 is still floating around, hence it will be normal to sanitize, keep social distance, meet in small groups where necessary etc. It will also mean more PPE which includes gloves. I am no financial guru, but common sense says that Gloves is here to stay because to go back to normal life and travel etc far more precautions will be needed then pre-covid 19 days. So if gloves are here to stay then the biggest glove company in the world being Top Glove would be the best of the rest since it will have reach and economies of scale. That is just my take.

Bad news for recovery play I think.

https://edition.cnn.com/2021/02/02/health/variant-mutation-e484k/index.html

Bad news for recovery play I think

https://edition.cnn.com/2021/02/02/health/variant-mutation-e484k/index.html

https://www.scmp.com/week-asia/health-environment/article/3119674/coronavirus-what-if-vaccines-arent-enough-herd?utm_medium=email&utm_source=mailchimp&utm_campaign=enlz-scmp_global_impact&utm_content=20210131&tpcc=enlz-china_coronavirus&MCUID=9e50ecc93f&MCCampaignID=10275667fa&MCAccountID=3775521f5f542047246d9c827&tc=13

https://www.scmp.com/week-asia/health-environment/article/3119674/coronavirus-what-if-vaccines-arent-enough-herd?utm_medium=email&utm_source=mailchimp&utm_campaign=enlz-scmp_global_impact&utm_content=20210131&tpcc=enlz-china_coronavirus&MCUID=9e50ecc93f&MCCampaignID=10275667fa&MCAccountID=3775521f5f542047246d9c827&tc=13

I seldom comment content to let others blow off steam but today is an exception. I am not surprised that gloves shares dropped in the morning substantially because many people I think do not analyse the shares they buy into or news that affect the shares. It seems more like gambling or blindly putting money in without understanding what they are investing in. However what I am surprised is that the sensible investors did not pick up shares and if remained 10% down. When the vaccine was announced as having 90 percent efficacy it APPEARS to be big news but actually it is something that has already been reported before about 2 months ago. The problem with this vaccine is that it is unlikely to do anything much to curtail covid. The reason is the same as 2 months ago. As reported in Rueters today and even the Straits Times it must be stored in minus 80C. Just think about that. How is it logistically possible to deliver the dose to wide populations. We are not talking about poor countries, even small developed ones like Singapore would have immense difficulty doing so since the infrastructure is NOT there. Further 2 shots are needed costing at least USD60. It is not affordable to many of the poor plus we do not know how long the immunity can last (some study from Cambridge says that after 3 months anti body activity diminishes and you can be reinfected). Think of the logistics. Even top hospitals do not have storage. How are you to manufacture and then transport the vaccine. Billions of doses. Are there super chiller vehicles to do so. After you have done that it must be stored before the patient comes. Stored where? Is each clinic going to invest in these super cool chillers too. I doubt if in 1 year more than 1% of the world would be inoculated. During that one year more new people will be infected then innoculated. That is the problem with the novel RNA method used. It needs supercool temperatures hence has not been a popular method. I suppose millionaires will be able to get a dose. By the way the Chinese vaccine and Russian vaccine also with all the hype has had little impact so curtailing the virus. There is a time to sell your shares but I not for this new vaccine reason. Probably the news was sent out by some to benefit from their own investments. So do not be fooled. A vaccine will come one day but in this present form this Pfizer vaccine is not it.

ahpooki2 I am new to this buying for myself. My experience is just let the Relationship manager recommend unit trust to buy. I read you comment. I expected that with record profits it would go up. That is logical. Vaccine news is old news. Vaccines do not appear to be forthcoming, even if it is not enough to reach the general population until late 2021, even then new normal requires gloves with or without vaccine. TG and others have orders backed up to 2 years waiting list. Some have prepayments for 1 year. So I cannot understand why did not shoot up, worse went down so much?? It makes no sense. Can you explain to a newbie like me the Malaysian stock market?

Hi all. Not sure if it is indicative of what the price will be in Malaysia tomorrow but as at writing this Top Glove on the SGX is SGD2.98/2.99 @ 3.04 that is about RM 9.06.

Latest analysis Sept 2020:-

https://www.marketwatch.com/press-release/surgical-latex-and-nitrile-r...

Synopsis:-

The global Surgical Latex and Nitrile Rubber Medical Gloves Market will rise at a significant rate during the forecast period, between 2020 and 2025. This report studies the Surgical Latex and Nitrile Rubber Medical Gloves market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

Hope this helps the long term investors. To those who are "traders" good luck to you and I mean it. I have no doubt if you read the market right on any given day or week there is money to be made. For me I am just in it for the long haul and this is part of a balance portfolio for me which also includes US tech stocks and the China play.

All the best to all.

Latest analysis Sept 2020:-

https://www.marketwatch.com/press-release/surgical-latex-and-nitrile-rubber-medical-gloves-market-report-2020---indepth-analysis-on-market-share-size-growth-rate-and-factors-future-developments-and-prospects-2020-09-02

Synopsis:-

The global Surgical Latex and Nitrile Rubber Medical Gloves Market will rise at a significant rate during the forecast period, between 2020 and 2025. This report studies the Surgical Latex and Nitrile Rubber Medical Gloves market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

Hope this helps the long term investors. To those who are "traders" good luck to you and I mean it. I have no doubt if you read the market right on any given day or week there is money to be made. For me I am just in it for the long haul and this is part of a balance portfolio for me which also includes US tech stocks and the China play.

All the best to all.

https://www.cnbc.com/2020/09/01/europe-coronavirus-resurgence-spain-and-russia-see-infections-spike.html

I thought that Russia approved a vaccine. How come spike?

https://www.cnbc.com/2020/09/01/europe-coronavirus-resurgence-spain-and-russia-see-infections-spike.html

I thought Russia had a vaccine which they approved.