Based on all the analyst report. Tomorrow minimum expectation would be 230mil PAT. 100% increment QOQ. If it touches this, we will see ultimate rally to RM20 as the next QR will be in the range of 310-350mil PAT.

based on all the analyst report and my personal expectation. TG must hit 230mil this quarter. which is double QOQ. Anything below that is below expectations. The following QR will be the best yet, same as Supermax. The coming QR will be the best yet.

wow! RM25!! Looks like now we know who hold the most Top Glove shares. hahaha

wow they control so darn well. Good also. I prefer they don't shoot too much first. Keep it for tomorrow and Thursday.

Eh please those want to promote other counters can go to that forum. Here is for firm believers of TG performance. Also for weak investors can also please sell out.

hahaha. agree. Throughout my trading years, so many potong steam days. haha. just luck i think. Luckyman95, depends if you are a short or mid or long term player. Short i think better dont, mid n long term. Please buy.

Impossible. You know why? Once oil touches $50, i can guarantee you someone will pull out from the agreement and pump more.

Vincent Tang, please do more research. Do you know if you have 300k you can actually start producing masks at your own home? Every Ah Beng Ah Kau all doing that, thats why over supply. And now do you think if you have 50mil you can start producing Nitrile Gloves? Do you know how stringent the whole process is? FDA approval, bla bla bla approval will already take you 6months to 1 year, not even counting your construction time. By the time you start producing your 1st glove, vaccine also out already.

KUALA LUMPUR (June 3): AmInvestment Bank Research has maintained its “Overweight” rating on the glove sector and said that selling prices will continue to soar for the next 12 months as lead time stretches up to 12 months.
In a sector note today, the research house said the glove companies’ earnings will be further pushed by expanded margins as raw material prices remain low, selling prices continue to grow, US dollar continues to strengthen over ringgit and expansion plans remain intact for the glove producers.
“Our house projection for the USD/MYR rate is an average of RM4.29 in 2020 and RM4.25 in 2021.

“We think that a stronger ringgit will even help further expand net margins for glove companies because unlike pre-Covid-19 times, cost savings are not passed through to customers due to supply constraints,” it said.
AmInvestment said glovemakers are now expecting glove demand to increase by roughly 30–50% (8–10% pre-Covid-19).
It said the higher demand has resulted in a shortage of supply, pushing up average selling prices for these medical gloves.
“Average selling prices (ASP) are trending upwards and glovemakers now guide for around 5–15% quarter-on-quarter gradual increases while spot selling prices for gloves skyrocketed 100–400% in the past few months as panic buying of gloves ensues.
“We raise our ASP assumptions for the glovemakers by around 2–9% . We believe selling prices will continue to grow in 2021 as a vaccine for Covid-19 is expected to take roughly 12–18 months to create,” it said.

Hahahahah. 230mil profit? Please la 150mil also enough to send the price skyrocket to RM20. I not so greedy. 150mil-170mil and 100+% enough. Next QR 200-220mil.

Brother please go study what kind of glove Kossan produces and how many, there is a reason for low PE as compared to Harta TG and Supermax. Why institutions don’t love Kossan as much? Go study first before comparing Apple to Apple.

I am 100% sure TG QR will be more than 100%!!!

yes please dont compare careplus with 1st liners. Careplus consider 3rd liners. Good luck to those add careplus next week. While Supermax will announce their best ever QR in 2.5 months! 80mil profit guaranteed! RM n raw material price is at the lowest.

please in before QR. After QR and div or bonus, price will definitely shoot to RM20. This I dare promise. TG is still very cheap below RM20.

please la got money, invest in proper company with real growth. I'm not bias but the only good ones are topglove and supermax, where real growth is. Not just measly 1mil profit after 3 full months of covid.

care plus is lucky, suppose to tank on Tuesday for the weak earnings but Top Glove will carry them green.

I think they will announce the split or bonus or div on the 11th or 12th too. All eyes on TG, they will carry every other glove makers. The only two boys that I see will have huge growths are TG and Supermax, everything is right for them as expansion just in time to enjoy this demand. Coming Supermax results will be even crazier that before.

wah you think these tycoons wont take care of these politicians? Just like Trump? Lesson no.1 my friend if you are rich, first thing u should do is take care of the politicians fat fat. YOur business smooth all the way.

I think its ok. Good to limit the margin. Kalau takde duit dont use margin plesae. Use own cash. Now all those inside are the strong with cash people

Everyone will look at top glove QR. This QR is very important, either will fuel another month of rallies or total correction. This QR priced in every benefit. RM, Rubber, ASP, Oil.

Remember bankers will always win. So far so many retailers win. In stock market will have equal losers and winners. They will never lose. So if shoot the price all the way up to RM20. Who do you think win most? retailers or institutions? So tactic have to be in place for them to win 2nd half. 1st half looks like they won. retailers half of it all sudah kantoi. They collected full full. will push again soon, then retailers back on it, they sell again.

Remember bankers will always win. So far so many retailers win. In stock market will have equal losers and winners. They will never lose. So if shoot the price all the way up to RM20. Who do you think win most? retailers or institutions? So tactic have to be in place for them to win 2nd half. 1st half looks like they won. retailers half of it all sudah kantoi. They collected full full. will push again soon, then retailers back on it, they sell again.

Remember bankers will always win. So far so many retailers win. In stock market will have equal losers and winners. They will never lose. So if shoot the price all the way up to RM20. Who do you think win most? retailers or institutions? So tactic have to be in place for them to win 2nd half. 1st half looks like they won. retailers half of it all sudah kantoi. They collected full full. will push again soon, then retailers back on it, they sell again.

Remember bankers will always win. So far so many retailers win. In stock market will have equal losers and winners. They will never lose. So if shoot the price all the way up to RM20. Who do you think win most? retailers or institutions? So tactic have to be in place for them to win 2nd half. 1st half looks like they won. retailers half of it all sudah kantoi. They collected full full. will push again soon, then retailers back on it, they sell again.

https://www.bloomberg.com/news/articles/2020-06-01/gilead-drug-has-only-modest-benefit-in-large-trial-shares-fall

Vaccine fail

https://www.bloomberg.com/news/articles/2020-06-01/gilead-drug-has-only-modest-benefit-in-large-trial-shares-fall

To be honest there is no one here pray that covid number rises. You think we are the one that dont care about the 100k death? Having riots? Protest on further lockdown? We are merely following the trend and that's it. We didnt wish for anything. Facts is Facts, Virus mutates, vaccine is far from found. Glove counters secure orders until 2Q21.

to my surprise even at current date, cases are increasing at a crazy rate. and everywhere is lifting lockdown.

if only we can attach picture here. I would snap worldometer/coronavirus daily case chart for u.

Hahaha TuhanSaham. "100 million-120 million vaccines" at most each year. China how many population? 1billion? 10 years to only able to sell vaccine out of China after they have enough for their own people.

Just like C88 on Friday. Premium 70% sell down until 40%. another month or 2 will sell down until 20%.

even with vaccine also no use, they will still need to stock up their hospitals for additional 6 months supply.

Yes correction is definitely bound to happen. But it doesnt mean that the bubble burst or over priced. I think 10% correction throughout all the glove counters are healthy. Giving more room to rise until 2021.

OMG reading the comments here can brain damage. FYI, hospitals supposed to have glove supplies up to 6 months. Now barely 1 month. You see gloves and masks at counters is because our government make sure we the public have enough supplies. FYI our hospitals also do not have 6 months supplies of gloves but gov make sure the public also can buy some from the shelves. If all goes to our hospitals, public mati oh. Also please note that the hospital grade/medical gloves are higher quality and not those we get of the shelve ya.

No.2 - US hospitals also have supplies of less than a month. They are taking any gloves they can get their hands on at the moment. And that is just US. Havent include other countries.

No.3 - Every report already mentioning that they can revise their ASP every month because demand will keep increasing. The big boys like TG, Harta, Kossan and Supermax have their supplies signed and sealed until 2Q 2021 (1 more year to go).

KYY now at topglove lah.

bad market sentiment, also drop. Good market sentiment, also drop. really can see so much difference this pandemic vs SARS.

Yes you are right. mainly panic retailers. IB sidelines first. Regardless whether the stock is defensive or not, cash still king.

Ya market want cash only. Dont care whether it is defensive or not just sell.

wow even glove stocks laosai

top glove going green. but no volume. just buy and wait 3 more months.

cut profit will most likely happen when global market start to recover.

foreign funds are coming into topglove, harta and kossan. topglove branding is the best among the top 4 gloves

no need complain la, just sell off jump to Topglove a cleaner and better counter. I gave up with supermax and jump over there, seeing their results coming as well.

Can you imagine their coming quarter results? one word : WOW

Its ok, bound to happen. Especially those went in the past few days.

Where are all the naysayers? Who everyday bang Pang72 saying will go to 1.30 1.40. I think they have already quietly shifted their portfolios into glove counters. lol

Really useless this one. Sold all in profit and jumped to TG. Apalah really controlled max and see like I told you, too many speculators in this counter. Up a little bit, will drop.

Can only say RM7.5 is definitely no issue for coming 2 quarters. Good luck all. Hope today TG 5% up again.

Let the race begin, who will up highest today in % terms.

Ho Seh liao!!