at least the retired ac clerk ah pek Seow Pek is still alive....lol

The next question will be how low can the ASP go? Is this the worst Q we have ever seen?

Or it is going to drop further in the coming Qs?

Good luck.

One of the most classical example is KYY n his Xinquan story.

I think he still believe Xinquan has cash ard RM1.50 per share in their bank acs in China even Xinquan was being suspended n delisted few years ago.

I think he believes one day his grandson can finally get a share of their cash....

When u lose too much u tend to fool yrself....boh tai chi boh tai chi eveything will be find soon...

cash biz somemore profit margin is higher than 100%...mana mau cari

Laughing all the way to the banks lah

When news come out in newspaper another round of selldown by Ah Pek n Ah Soh

Posted by Mini2021 > Dec 10, 2021 4:35 PM | Report Abuse

topglove axpand too fast that's why profit margin so low..

Dude u should blame China...not TG...lol

China mari n may become Taiko in glove overtaking Msia in near future

Posted by vcpmaster123 > Dec 10, 2021 4:32 PM | Report Abuse

That's why is time to sell.. Too many uncertainties... You will regret if you don't sell now

Where got so many uncertainties? Only one clear direction to go in years to come.......Hollanding

its a fundamental change in the whole supply n demand equilibrium with China's presence.

Their supply inceases fm 6%+ to 30% within 2 years time....

N their selling price could be lower than Msia's

Its a fundamental change in the whole supply n demand equilibrium with China's presence.

Their supply inceases fm 6%+ to 30% within 2 years time....

N U said boh tai chi they only sell to the developing countries...

Then why ASP plunged like shit over the last 2 Q?

Glovetards r forever living in denials....blaming this n that...blaming JPM Inv Bankers EPS RSS etc etc

Then why ASP plunge like shit??

Posted by newbie2828 > Dec 10, 2021 2:31 PM | Report Abuse

in business world, no such thing call loyalty. all about price especially dealing with commodity product or low tech grocery item such as glove. topglove bosses know and play the game well.

Supermax is the master among all glove co....n they made lots of money fm the party

Loyal customers??? Will see their coming Q results....Dont worry

How many times i wanna post in I3...

China mari fm 6%+ world supply pre covid 19 to ard 30% now...such a drastic increase within 1 year+ time...

Thats y ASP profit share prices all come back to earth fm Mars

fundamental issues

Its all abt China mari ASP drops profit drops share prices drop

Posted by pjseow > Dec 8, 2021 8:48 PM | Report Abuse

MM , Want to bet with me on TG coming PAT ? I projected around 600 mil . What is your projection? Below 300 million?
TG FY 2019 prepandemic full year profit was 371 millions. Average per qtr was 93 millions.

----------++++++-------------
MoneyMakers Even 400Mil TG profit bad alrdy..if left 200Mil (below prepandemic level) + low div 2/3sen str8 limit down
08/12/2021 4:39 PM

Wait for Seow Pek to come out with his very detailed forecast on Supermax next Q result...chun chun one

Thast why i created a new word Glovetards for u guys

Even if price drops to Rm1+ still very good as compare to Xinquan..

Posted by Benhobenhobenho > Dec 10, 2021 2:12 PM | Report Abuse

I am not trying to defend tg, just because I am a small shareholder, but this is a fact. Hundreds of millions per quarter is no joke. How many companies in bursa are making that kind of profits.

Still very happy still better than Careplus's 90% plunge in profit still no close shop yet

Harta is the dumbest or most kind glove co...they adjusted their selling price 3m to 6m slower than others

Not really in terms of share prices...it drops to pre covid 19 much faster than others.....

Can kiss goodbye to HK listing i think...or mayb IPO at Rm1?

Next Q's EPS can get higher than 2.32 cents or not?

Drops 70%...still better than Careplus's 90% plunge in profit...

If glovetards really wanna find some good news to please themselves

TG profit drops ard 70%...

Good news...still better than careplus's 90% drop...

Drops ard 70%

Holy shit....less than rm200m profit....

Easier to apply via BursaAnyway Apps..but its upto Rm30k max.

Save thr troublesome of filling the forms n applying bankers cheque n courier

One of the most profitable biz in the world

Lots of cash

If Harta/Kossan/Comfort oredi back to pre covid 19 level, why TG n Supermax can skip so?

Ah Chai's botak is more shinning n can bring more ong??

If u think now is very bad for glove I think u can see worse in near future....

If I m not mistaken local steel co did have good times during 1990s...good profit high share price

Then when China started to export their steels all kaput....for many many years until now...

o better blame the right guy China and not JPM or IBs or RSS....lol

Prior to Covid 19 China only produces ard 6%+ of glove...

Now in less than 2 year's time China hv ard 30% n shall go higher

This explains why ASP drops sharply n so are Msia glove co's profit n share prices......

Third world use so much glove ah???

I thought US n Europe n other rich countries use much more glove than others?

market share volume, china 39.63% (sep)-> 28.50%, malaysia 44.76% (sep)-> 54.43%.

Almost 40% of mkt shares in Sep...

If China's quality is not good how on earth they could conquer such a large mkt share within 1 year+ time...Unless they export to Africa n other developing countries only

Lots of Glovetards likes to post number of cases here....seeing increases in daily case can help to ease their pain of hefty paper loss ah?

ASP, china 49.12 (sep)-> 49.91, malaysia 74.10 (sep)-> 67.28

Selling prices? China's ASP is 30% lower than Msian?

If not will slow slow die in coming years

Share price also plunged abt 80% fm Rm2.50....more or less is being factored into it.

Short term ding dong ding dong moving in tight range I think

Long term depends on how soon they could bring in new clients (not easy to fill the 80% gap left by Dyson).

The best wish will be if they could resolve the issues n Dyson is back to them.

Old Con everyday eat pineapples n walk 6000 steps then very free nothing to do busy thinking how to goreng AYS

A not so strong rebound if there is any....

Will be very much depends on Omicron...if it's not so mild then may comes a rebound

Just spent some small money to push one or two bits higher at 4.50pm

I think Old Con sendiri push up the closing price last few days to create his so called trend reversal in AYS...

Wah really wanna limit down for the 4th time tmr meh