so... bonus issue 5:4. Price will be adjusted accordingly. Basically no physical earning to us as well. Unless got dividend payout.

any news ?...

What is the news about this counter.. my mental is disturbed.

If MYR turn continue to strengthen, then this 75% proceed conversion will be an advantage...
But with Najib around, i dont put high hope.

today ex-date. price still up. good ah !

TG's will surely grow steadily. Just that as a investor we look forward for a quantum leap in this business.
I wonder why not invest into rubber tree farms to have better control of cost.
Just my wild thoughts..

MYR never fails to disappoint everyone. Weak politician = no public confidence = weak MYR.

Lol.. thanks @Investor5711.. now only i notice.

http://www.theedgemarkets.com/my/article/top-glove-1q-net-profit-down-43-year-rm73m

http://www.theedgemarkets.com/en/node/248563

so which is which ????

meaning BNM approved the 50% or not ? it sounds like not answering Margma's query.

everyday.. all i see is same old post.. gosh.... can you please dont make this i3 like your own FB.
Please..

Oil price nowadays have minimal impact to MYR...
The strengthening of USD is much more powerful.

Challenging operation environment i believe. Lets hope for the best

My valid question being covered by the keyboard argument....any sifu can help me.

Hi All. Can someone explain this.
We know that supermax dividend ex-date was on 24 Nov.
Meaning on 24 Nov, opening price should be 2 cents lower than closing price on 23 Nov.
But it seems the same.

Hi All. Can someone explain this.
We know that supermax dividend ex-date was on 24 Nov.
Meaning on 24 Nov, opening price should be 2 cents lower than closing price on 23 Nov.
But it seems the same.

4.41 ? 4.47 ? ...

MYR continue to weaken today by 1-2cents.

5.200... hope this price can support.

USD 4.53 now

how to break TG price 5.20... super block. lol.
need at least RM8million to break it.

USD 4.48

is currency play now. i believe if maintain 4.36 till year end... TG price will back to the peak.

drop 8 cents today. there goes the dividend.

dropping day...

CIMB 有很大的利益在TG.. 很多call warrant.

buying interest is back.

looks like a dull day..

CIMB just want topglove price to drop below its Call Warrant Exercise price.

Maybank Investment & CIMB Investment got issued too many Call Warrants.
They will try their best to press the counter.

dividend payout not on par with previous years....

based on historical data... dividend 9 cents is good enough

need time.. many people with lower cost is capable to sell it now.
Im with high cost, i have to continue to hold it.

Top Glove Corporation
4QFY16 preview: Coming to grips
■ TOPG will be releasing its 4QFY16 results on 12 Oct 16. We think the results may
fall short of our and consensus estimates at c.RM65m-70m.
■ Moving into FY17, we still project a 12% yoy earnings decline due to: i) diminishing
tailwinds and ii) more competitive operating environment.
■ However, weaker ringgit can benefit the group’s earnings in terms of arbitrage
opportunities but this is not sustainable in the long run.
■ Maintain our non-consensus Reduce call with TP of RM4.05 (15x CY17 EPS).
4QFY16 likely to weaken 32-37% yoy but flattish qoq
TOPG will release its 4QFY16 results on 12 Oct 16. We think that 4QFY16’s net profit
will come in flattish qoq, in the region of RM65m-70m (-32% to -37% yoy). This would
bring total FY16 net profit to RM360m-365m, falling short of our RM375m estimate.
Despite an expected ASP adjustment higher of 3-5% qoq, we expect flat earnings qoq
due to: i) rising systemic costs (higher gas costs, increase in foreign worker levy and
minimum wage hike) ii) a more stable US$/RM vs. 4QFY15, and iii) pricing competition.
Stabilising ASPs but substantial recovery yet to be seen
While ASPs may have started stabilising in 4QFY16, a substantial recovery in ASPs is
unlikely to take place in the near term. Pricing competition continues to be intense as
glove makers including Top Glove are still focused on growing market share at the
expense of margins. Furthermore, more capacity coming on stream in the sector will
weigh on the situation. Hence, we doubt that the recovery in ASPs is likely to be
substantial enough to lead to margin expansion.
Our view of a 12% yoy earnings decline in FY17 is unchanged
Moving into FY17, we estimate a 12% yoy decline in net profit. In our view, FY17
estimates are unlikely to replicate FY16’s performance which was boosted by
exceptional gains from the sharp depreciation of ringgit and decline in raw material
prices. Moreover, the intensified pricing competition will result in faster pass through of
cost savings in terms of currency. Note that our FY17 estimates are 14% lower than
consensus estimate of RM379m.
Stronger US$ provides unsustainable arbitrage opportunities
We note that any sharp depreciation of ringgit will be beneficial for earnings in terms of
arbitrage opportunities. While the expectation of a stronger dollar in the run-up to US fed
rate decision will provide trading opportunities for this stock, we believe that these gains
are unsustainable in the long term. This is due to the competitive environment given the
rise in sector’s capacity that will lead to faster pricing adjustments to pass on currency
gains to customers.
Maintain Reduce
We keep our Reduce call with a target price of RM4.05 based on 15x CY17 EPS, in line
with its 5-year historical mean. Despite the weaker ringgit, we think the stock is
overvalued (at 1 s.d. above its mean P/E) due to : i) a less favourable operating
environment, ii) lower 3-year CAGR of 4.3%, iii) projected yoy earnings decline of 12.3%
in FY17, and iv) multiplier effect from margins contraction due to bigger capacity. Risk to
our view: stronger-than-expected sales and sharp depreciation of ringgit.

15cents drop. i lost 3750.

All the seller is coming out suddenly

dropped 13cents.. immediate effect.
TQ CIMB.

CIMB TP 4.05...
and suggesting TG PE should be at 15x

MYR weaken to 4.150 for a dollar now.

ya. hope it beats estimates. The power of currency plays an crucial role, is a bonus.

@SA HP your prediction is correct. selling pressure now.

with the buying support at 5.10, looks like it wont drop below 5.10 for today.

Hope will hit the average target price of 5.600 by year end..

suddenly very active now.

http://www.theedgemarkets.com/my/article/immediate-hurdle-top-glove-rm485-says-alliancedbs-research

the volume is really really low @ 4.72-75. so... not so worry

Moved to Thailand save money in the long run.

wah.. today anti graviti.

1 way ticket..

bad news. we got 4th Zika infected case in Malaysia.

can i safely say we survived T+3 ?