Why asp n profit drops like shit?

U dump yr glove to US n Europe ah?? If not China...

Wrong info...Philip dumped all his TG at rm6+ or Rm2+ after ex bonus...then its price shot up to almost RM30 or Rm10 after bonus within few months time.

I was playing with him everyday during that period of time while busy buying glove co...i think that was during Apr- June 2020

Meanwhile u still can happily post the daily cases of Covid 19 here everyday

Anyway for those who suffers heftly paper loss now it could be too late too painful to cut loss...

No worry u still can be a long term value investors n if u cant live that long leave it to yr son or grandson or great grandson to see the next pandemic n glove party.

U could learn this fm Kyy's Xinquan story.

China vs Msia....can we beat them?

If badminton Lee CW still manage to beat Lin Dan several times though most of the time lost to him...

Glovetards r forever living in denial

One thing for sure, i dare not put my money even rm1 in glove co for many many years to come

All glove will die for many years to come thanks to China.

Just like local steel co used to enjoy good profit margin during 1990s, then China mari.....the rest is history.

Actually steel co worths a bet. China cuts their production, in contrary to glove.

Anyway if u r currently suffering hefty paper loss n u hv sleepless night u can make yrself feeling more comfortable (or fooling yrself) by believing TG is taiko no 1 TG still make rm180m+ profit still got ard RM1B cash in bank Ah Chai still alive still botak Megatron may come after Omicron life still goes on i m long term value investor will hope n wait for next pandemic if i cant live so long my son or my grandson or my great grandson will finally see the next glove party...

Good luck. Glove never die...but u will die.

Some said China's ASP is 30% lower than Msian...i dunno how true it is...if so the gap shall be further reduced in near future.

Its either China's ASP will go up or Msia's price shall come down

Any further drops of ASP (say 10% to 20%) will hv very serious impact to glove co's bottom line (stay profitable).

If u think now is the bottom then i m afraid u will see worse in coming years...

Oversupply, fierce price wars, further drops in ASP lower than pre covid 19 some smaller glove co shall not profitable

There r 3 very important factors which affected their profit (n share price) very much

1.ASP
2.ASP
3.ASP

newtostocks CharlesT I tried to register Tricor but failed. Anyway I can get a copy of the subscription form. Should I go to Tricor office?
10/12/2021 1:45 PM

Apply via BursaAnywhere apps lah...very easy one..i have used few times oredi

Or else can just print out a hardcopy fm the following links of Bursa.

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=212880&name=EA_DS_ATTACHMENTS

But u have to go thru the troublesome of going to the banks to apply for bankers cheque n then courier to the Registrar.

Dont forget to put a stamp hasil Rm10 on yr form too.

I believe most of OTB's long time clients r happy with their returns

If u strictly follow so u can always make money fm his tips during most of the years

And dont ever fall in love with his Ns.Universe for too long...not more than one year

Can follow OTB's buy calls...just dont follow his TP will do...hehe

Still many glovetards keep on blaming JPM Inv Bankers RSS EPF having no clue at all abt the actual threats....China mari

Holy shit....supply x 4 times in less than 2 years

TG may not be taiko in world supply for long...seeing how China increases their world supply fm 6%+ to 30% now in a matter of less than 2 years..

Local glove co should be very scare....

The new normal for our glove co will be traded at single digit PE for a long long time...hopefully most of them still can stay profitable...

Mayb can sue AffinHwang Analyst for their misleading TP of Rm100 or rm33.33 after bonus

Hopefully Seow Pek can work out his projection on Supermax's next Q result

At least all can have some good laugh

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

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

Steel biz is on the contrary, the biggest supplier China intends to cut their supply in long run...\

Guess what will happen then?

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.

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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?