There has been a slew of attack on glove industry recently esp. TG and there is no coincidence. If you are a season investor, you'll know what to do.

----------------------------------------------------------------------

The following was extracted from ‘Profits over people’: Covid-19 overruns Top Glove factories as workers speak of appalling accommodations : Author: savemalaysia

But some workers remain terrified at the prospect of returning to the production line, despite the company trying to enforce social distancing and providing protective gear.

“If we work in the factory, I would be really scared,” said Salman from Bangladesh, speaking from his hostel.

“Even with extra safety, it is really tough to prevent an outbreak.” — AFP

----------------------------------------------------------------------

Quite frankly, if you have had been to Bangladesh, you'll know that the working condition in Bangladesh is much-much-much worse and none were scared to go to work while the pay that they are getting in Bangladesh is probably a tenth of what they received in Malaysia. It is a clear evident that the author is trying to conjure negative campaign against TG.

https://www.bbc.com/news/world-asia-22476774 Bangladesh factory collapse toll passes 1,000. One small factory, over 1,000 deaths, 2,000+ injured and 2,000+ rescued. Indirectly, the Bangladeshi are saying, I'm terrified to go back to Bangladesh to work with a meagre salary while Covid SOP is non-existence, not to mention zero regard for any form of safety. They'll stay in Malaysia and continue to work even without proper permit or illegal, while some had wed the locals.

Life in Bangladesh in tough with majority don't have access to basic amenities including clean water. Serious outbreak is part of life and probably Covid is something that is of least concern to them. Bangladesh has160 million people with the land size equal to Sarawak. Malaysia would be a heaven. On the other hand, we shall compliment TG for having taking the necessary countermeasures and would be fully comply by end of this year while 95% of the companies in Malaysia are still not complying to the Act and what is the ministry going to do about it? Construction is one of the worst with high number of accidents (and death), and no regard to hygiene as well as living conditions.

There has been a slew of attack on TG recently and there is no coincidence. If you are a season investor, you'll know what to do.

----------------------------------------------------------------------

The following was extracted from ‘Profits over people’: Covid-19 overruns Top Glove factories as workers speak of appalling accommodations : Author: savemalaysia

But some workers remain terrified at the prospect of returning to the production line, despite the company trying to enforce social distancing and providing protective gear.

“If we work in the factory, I would be really scared,” said Salman from Bangladesh, speaking from his hostel.

“Even with extra safety, it is really tough to prevent an outbreak.” — AFP

----------------------------------------------------------------------

Quite frankly, if you have had been to Bangladesh, you'll know that the working condition in Bangladesh is much-much-much worse and none were scared to go to work while the pay that they are getting in Bangladesh is probably a tenth of what they received in Malaysia. It is a clear evident that the author is trying to conjure negative campaign against TG.

https://www.bbc.com/news/world-asia-22476774 Bangladesh factory collapse toll passes 1,000. One small factory, over 1,000 deaths, 2,000+ injured and 2,000+ rescued. Indirectly, the Bangladeshi are saying, I'm terrified to go back to Bangladesh to work with a meagre salary while Covid SOP is non-existence, not to mention zero regard for any form of safety.

Life in Bangladesh in tough with majority don't have access to basic amenities including clean water. Serious outbreak is part of life and probably Covid is something that is of least concern to them. Bangladesh has160 million people with the land size equal to Sarawak. Malaysia would be a heaven. On the other hand, we shall compliment TG for having taking the necessary countermeasures and would be fully comply by end of this year while 95% of the companies in Malaysia are still not complying to the Act and what is the ministry going to do about it? Construction is one of the worst with high number of accidents (and death), and no regard to hygiene as well as living conditions.

The big money is not in the buying and selling but in the waiting ........ Jesse Livermore

The big money is not in the buying and selling but in the waiting ........ Jesse Livermore

The big money is not in the buying and selling but in the waiting ........ Jesse Livermore

<< Cash Only >> Thanks for sharing. Many countries are not only worried but frightened with short of medical grade gloves and this situation will persist at least for next couple years. The analysts should have such info with them.

<<< Agjl >>> I'm not misleading. Of course that is JPMorgan portfolio and the link is also given, and that is not their percentage of holding in respective corporate. The wording used i.e. "Top Holdings" is also as exactly illustrated in the link page.

http://www.aastocks.com/en/funds/quote/quote.aspx?funds=1127

JPMorgan Msia top holdings :

TopGlove 9.8%
PBB 9.3%
TNB 6.8%
Hartalega 6.7%
MBB 6.1% so on and so forth

And, that is how you should diversify your portfolio. Not all-in one counter or sector, or everyday yelling buy, buy, buy or sell, sell, sell like a gambling den.

And do you think JPMorgan would be so kind to ask you to run first so they would incur big losses and kena "goreng-sotong"? Year end window dressing coming already, probably 1 week before Christmas and New Year holiday?

http://www.aastocks.com/en/funds/quote/quote.aspx?funds=1127

JPMorgan Msia top holdings :

TopGlove 9.8%
PBB 9.3%
TNB 6.8%
Hartalega 6.7%
MBB 6.1% so on and so forth

And, that is how you should diversify your portfolio. Not all-in one counter or sector, or everyday yelling buy, buy, buy or sell, sell, sell like a gambling den.

And do you think JPMorgan would be so kind to ask you to run first so they would incur big losses and kena "goreng-sotong"? Year end window dressing coming already, probably 1 week before Christmas and New Year holiday?

http://www.aastocks.com/en/funds/quote/quote.aspx?funds=1127

JPMorgan Msia top holdings :

TopGlove 9.8%
PBB 9.3%
TNB 6.8%
Hartalega 6.7%
MBB 6.1% so on and so forth

And, that is how you should diversify your portfolio. Not all-in one counter or sector, or everyday yelling buy, buy, buy or sell, sell, sell like a gambling den.

And do you think JPMorgan would be so kind to ask you to run first so they would incur big losses and kena "goreng-sotong"?

http://www.aastocks.com/en/funds/quote/quote.aspx?funds=1127

JPMorgan Msia top holdings :

TopGlove 9.8%
PBB 9.3%
TNB 6.8%
Hartalega 6.7%
MBB 6.1% so on and so forth

And, that is how you should diversify your portfolio. Not all-in one counter or sector, or everyday yelling buy, buy, buy or sell, sell, sell like a gambling den.

And do you think JPMorgan would be so kind to ask you to run first so they would incur big losses and kena "goreng-sotong"?

Bursa Malaysia rebukes Macquarie for Market Manipulation https://www.thetradenews.com/bursa-malaysia-rebukes-macquarie-for-mark...

Sep 29 2020 : JPMorgan Admits Spoofing by 15 Traders, Two Desks in Record Deal https://www.bloomberg.com/news/articles/2020-09-29/jpmorgan-pays-920-million-admits-misconduct-in-spoofing-probe

The last time Macquarie downgrades TG TP to RM5.45 in Sep, the glove stocks pick-up steam thereafter.

JPMorgan analysis is laughable like a Form 3 essay writing competition. Must be under a lot of pressure to report targeted profit by year end, and hope to press down the sector, in order to collect cheap and then push up. US market is directionless hovering around 30,000 points probably till Biden took office in Jan 2021, recycling among vaccine, unemployment, stimulus news.

https://www.theedgemarkets.com/article/jp-morgan-pegs-these-glove-make...

<1> Its analysts Jeffrey Ng and YY Cheah, in a note to clients today, said they expect glove prices to weaken in the second half of next year >>> The glove manufacturers already received orders through Apr 2022 and with 50% downpayment in some cases. The stockpile is critically low and whatever the user received today is barely enough to support daily activities, while it will take quite sometime to replenish the stockpile.

<2> In particular, they noted that 13 of 17 highly populated nations’ testing trends have started to trend downwards from their peaks since the end of September. >>> This must be a joke, the record high cases seen in most part of the world including Malaysia which is set to surpass China in matter of days, is it not because of higher number of testing? or is it by telepathic guess-work?

<3> Once Malaysia lifts the short selling ban, downward pressure could be amplified >>> How do you know when IDSS will be reintroduced?

<4> While it is hard to measure the potential oversupply, we can take a leaf from the crude palm oil industry which saw a decade of oversupply post a supernormal cycle in the early 2000s >>> Oil palm is alternative to soy oil while glove is primary PPE and there is no substitute, and further to that, glove is on the rising horizon due to hygiene and health awareness.

...................... and we can go on and on to rebuke each and every single point.

<<< PureBULL >>> I hope you are right because I'm still collecting. Hopefully it will dip significantly before rebounded.

https://www.thetradenews.com/bursa-malaysia-rebukes-macquarie-for-mark...

https://www.reuters.com/article/bc-finreg-jpmorgan-spoofing-deterrence...

The last time Macquarie downgrades TG TP to RM5.45 in Sep, the glove stocks pick-up steam thereafter.

JPMorgan analysis is laughable like a Form 3 essay writing competition. Must be under a lot of pressure to report targeted profit by year end, and hope to press down the sector, in order to collect cheap and then push up. US market is directionless hovering around 30,000 points probably till Biden took office in Jan 2021, recycling among vaccine, unemployment, stimulus news.

https://www.theedgemarkets.com/article/jp-morgan-pegs-these-glove-make...

<1> Its analysts Jeffrey Ng and YY Cheah, in a note to clients today, said they expect glove prices to weaken in the second half of next year >>> The glove manufacturers already received orders through Apr 2022 and with 50% downpayment in some cases. The stockpile is critically low and whatever the user received today is barely enough to support daily activities, while it will take quite sometime to replenish the stockpile.

<2> In particular, they noted that 13 of 17 highly populated nations’ testing trends have started to trend downwards from their peaks since the end of September. >>> This must be a joke, the record high cases seen in most part of the world including Malaysia which is set to surpass China in matter of days, is it not because of higher number of testing? or is it by telepathic guess-work?

<3> Once Malaysia lifts the short selling ban, downward pressure could be amplified >>> How do you know when IDSS will be reintroduced?

<4> While it is hard to measure the potential oversupply, we can take a leaf from the crude palm oil industry which saw a decade of oversupply post a supernormal cycle in the early 2000s >>> Oil palm is alternative to soy oil while glove is primary PPE and there is no substitute, and further to that, glove is on the rising horizon due to hygiene and health awareness.

...................... and we can go on and on to rebuke each and every single point.

P/S : BTW, Harta, TG, Supermax already earmarked most of the expansion plan even before Covid.

https://www.thetradenews.com/bursa-malaysia-rebukes-macquarie-for-mark...

https://www.reuters.com/article/bc-finreg-jpmorgan-spoofing-deterrence...

The last time Macquarie downgrades TG TP to RM5.45 in Sep, the glove stocks pick-up steam thereafter.

JPMorgan analysis is laughable like a Form 3 essay writing competition. Must be under a lot of pressure to report targeted profit by year end, and hope to press down the sector, in order to collect cheap and then push up. US market is directionless hovering around 30,000 points probably till Biden took office in Jan 2021, recycling among vaccine, unemployment, stimulus news.

https://www.theedgemarkets.com/article/jp-morgan-pegs-these-glove-make...

<1> Its analysts Jeffrey Ng and YY Cheah, in a note to clients today, said they expect glove prices to weaken in the second half of next year >>> The glove manufacturers already received orders through Apr 2022 and with 50% downpayment in some cases. The stockpile is critically low and whatever the user received today is barely enough to support daily activities, while it will take quite sometime to replenish the stockpile.

<2> In particular, they noted that 13 of 17 highly populated nations’ testing trends have started to trend downwards from their peaks since the end of September. >>> This must be a joke, the record high cases seen in most part of the world including Malaysia which is set to surpass China in matter of days, is it not because of higher number of testing? or is it by telepathic guess-work?

<3> Once Malaysia lifts the short selling ban, downward pressure could be amplified >>> How do you know when IDSS will be reintroduced?

<4> While it is hard to measure the potential oversupply, we can take a leaf from the crude palm oil industry which saw a decade of oversupply post a supernormal cycle in the early 2000s >>> Oil palm is alternative to soy oil while glove is primary PPE and there is no substitute, and further to that, glove is on the rising horizon due to hygiene and health awareness.

...................... and we can go on and on to rebuke each and every single point.

P/S : BTW, Harta, TG, Supermax already earmarked most of the expansion plan even before Covid.

https://www.thetradenews.com/bursa-malaysia-rebukes-macquarie-for-market-manipulation/?layout=print

https://www.reuters.com/article/bc-finreg-jpmorgan-spoofing-deterrence-m-idUSKBN26Y2NT

The last time Macquarie downgrades TG TP to RM5.45 in Sep, the stock pick-up steam thereafter.

JPMorgan analysis is laughable like a Form 3 essay writing competition. Must be under a lot of pressure to report targeted profit by year end, and hope to press down the sector, in order to collect cheap and then push up. US market is directionless hovering around 30,000 points probably till Biden took office in Jan 2021, recycling among vaccine, unemployment, stimulus news.

https://www.theedgemarkets.com/article/jp-morgan-pegs-these-glove-makers-fair-value-half-their-market-price-says-supernormal-cycle

<1> Its analysts Jeffrey Ng and YY Cheah, in a note to clients today, said they expect glove prices to weaken in the second half of next year >>> The glove manufacturers already received orders through Apr 2022 and with 50% downpayment in some cases. The stockpile is critically low and whatever the user received today is barely enough to support daily activities, while it will take quite sometime to replenish the stockpile.

<2> In particular, they noted that 13 of 17 highly populated nations’ testing trends have started to trend downwards from their peaks since the end of September. >>> This must be a joke, the record high cases seen in most part of the world including Malaysia which is set to surpass China in matter of days, is it not because of higher number of testing? or is it by telepathic guess-work?

<3> Once Malaysia lifts the short selling ban, downward pressure could be amplified >>> How do you know when IDSS will be reintroduced?

<4> While it is hard to measure the potential oversupply, we can take a leaf from the crude palm oil industry which saw a decade of oversupply post a supernormal cycle in the early 2000s >>> Oil palm is alternative to soy oil while glove is primary PPE and there is no substitute, and further to that, glove is on the rising horizon due to hygiene and health awareness.

...................... and we can go on and on to rebuke each and every single point.

P/S : BTW, Harta, TG, Supermax already earmarked most of the expansion plan even before Covid.

We can't changed the reality that 80% of so-called investors aka speculators will lose money in the market, chasing the stock here and there. Only knowledge, experience and knowing your emotion thus appropriate strategy will make you the other 10% to 20%.

Even Warren Buffet famous quote "Be Fearful When Others Are Greedy and Greedy When Others Are Fearful" are not heeded. People want to be a hero (or god) and claim success in the shortest time possible. That is why some people coming into the forum to stoke your ego, doubt, fear, anger and greed.

Only value-investment strategy will get you where you want to go though you can be lucky once in a while but why would you want to count on luck? Might as well try your luck in Genting or 4D.

By the way, you may wanna to diversify your portfolio and not put everything in one counter or theme/industry. Stay with good fundamental and profit making stock. Even good fundamental stocks in US was greatly undervalue in 2010 following the Great Recession due to weak sentiment thus prompting wave of share buyback and finally share price begin to reflect new, improved economic realities. If it's so simple, everyone would have had been instant millionaire.

If you are going to receive RM12bn in coming 12 months and foresee that the high time will continue for the next 3 years, what will you do to get the best return in that 12 months apart from giving away some to shareholder in the form or dividend? Even to invest in new technology, new plant, etc will take several years.

Putting into FD? Buying property? Gradual organic expansion (which will take years)? Or buyback your undervalue shares (while maintaining investor's confidence) and reissue them in few months time to reap a big profit like listing in a foreign market without having to issue more shares that will dilute present shareholdings.

If you are a successful businessman with close to 30 years experience, who built the company from scratch to the largest manufacturer in the world, you'll know what is best for the company, and leaving a legacy for the next generation, not a short-sighted gambler yelling run, run, run, foul-mouthed, cursing and complaining.

The Stock Is Undervalued

Another major motive for businesses to do buybacks: They genuinely feel their shares are undervalued. Undervaluation occurs for a number of reasons, often due to investors' inability to see past a business' short-term performance, sensationalist news items or a general bearish sentiment. A wave of stock buybacks swept the United States in 2010 and 2011 when the economy was undergoing a nascent recovery from the Great Recession. Many companies began making optimistic forecasts for the coming years, but company stock prices still reflected the economic doldrums that plagued them in years prior. These companies invested in themselves by repurchasing shares, and to capitalize when share prices finally began to reflect new, improved economic realities.

If a stock is dramatically undervalued, the issuing company can repurchase some of its shares at this reduced price and then re-issue them once the market has corrected, thereby increasing its equity capital without issuing any additional shares.

--------------------------------------------------------------------

It is not uncommon for TG to continue buyback its share and reissue them when it was listed in HK in Q3 2021 because it has had happened in US through 2010/2011. Bank of America bought back 300 million shares in 12-month period in 2017 and preserve its share price. Massive unused cash in hand is costly. Smart people will know how to get a good return on the multibillion cash in hand in shortest time.

ronny when is the pandemic considered to over? More cases and death everyday. Banking sector blooming to near pre-covid point but would the bank do really recovering in the earning? Oil price hit USD50/barrel amid glutten in inventory and there is sluggish progress in OPEC+.

As much as i do hope vaccine do able to eradicate covid, but let keep the buy/sell call for own-self. We as investor shall smart enough in our own risk assessment
11/12/2020 6:06 PM

---------------------------------------------------------------

Spot on! Pandemic would be over by 2022 at the earliest (hopefully). Bank will have higher impairment with the NPL rolling-in, many companies are still in survival mode while oil is artificially supported with production cut. More westerner countries will go into partial or full lockdown in this brutal winter. Covid cases are rising and many deaths could not be prevented.

Whether the vaccines really work and reduce Covid to manageable level beginning from 2H 2021, that has yet to be seen. Many western countries can't break away from fast-food culture, always wanting something fast and having no self-constraint, resulting in more dire straits.

"I really am sorry, from the bottom of my heart. But if the price we pay is 590 deaths a day, then this is not acceptable in my view."

German Chancellor Angela Merkel is begging people in Germany to stay at home during the Christmas holidays.

Salute to the leader(s) for making the unpopular remarks instead of telling it's A OK, vaccine is out, we are on the road to recovery, we'll have a Merry White Christmas n A Happy New Year.

This would be a brutal winter, people will come back to reality soon after the vaccine EUA is digested. Covid is accelerating and more death is expected.

"I really am sorry, from the bottom of my heart. But if the price we pay is 590 deaths a day, then this is not acceptable in my view."

German Chancellor Angela Merkel is begging people in Germany to stay at home during the Christmas holidays.

Salute to the leader(s) for making the unpopular remarks instead of telling it's A OK, vaccine is out, we are on the road to recovery, we'll have a Merry White Christmas n A Happy New Year.

This would be a brutal winter, people will come back to reality soon after the vaccine EUA is digested. Covid is accelerating and more death is expected.

Devise your own investment strategy, and hopefully you guys don't put all eggs in one basket, and coming here everyday yelling sell, sell, sell or buy, buy, buy. Glove sentiment is weak at the moment but fundamental is strong, and so rebound is imminent. As a value investor, it's a good buy when a good fundamental stock is undervalued, and if you are a short term day trader - use the chart and volume analysis as a guide and set your percentage on gain or cut loss.

No one can tell exactly how is the market movement on day-to-day basis, even self-proclaimed god. In Cantonese we call "Gu"-Zhen which means Stock-God but it can also translate to Guessing-God.

More importantly is knowing your own emotion otherwise you will lose money chasing here and there. Most of my stock portfolio only started to see significant gain after 6 months like CIMB, Serbadk, Astro, SCIB, etc, besides glove counters.

Devise your own investment strategy, and hopefully you guys don't put all eggs in one basket, and coming here everyday yelling sell, sell, sell or buy, buy, buy. Glove sentiment is weak at the moment but fundamental is strong, and so rebound is imminent. As a value investor, it's a good buy when a good fundamental stock is undervalued, and if you are a short term day trader - use the chart and volume analysis as a guide and set your percentage on gain or cut loss.

No one can tell exactly how is the market movement on day-to-day basis, even self-proclaimed god. In Cantonese we call "Gu"-Zhen which means Stock-God but it can also translate to Guessing-God.

More importantly is knowing your own emotion otherwise you will lose money chasing here and there. Most of my stock portfolio only started to see significant gain after 6 months like CIMB, Serbadk, Astro, SCIB, etc, besides glove counters.

The Edge Billion Ringgit Club Corporate Awards 2020 list of winners

Super big cap companies

Companies with more than RM40 billion market capitalisation

Highest growth in profit after tax over three years — Hartalega Holdings Bhd
Highest return on equity over three years — Maxis Bhd
***** Highest returns to shareholders over three years — Top Glove Corporation Bhd *****

If you think LWC is spending his money aimlessly, you are wrong. You will be lucky to make money from his business deal. He is the China-man type, very good with numbers. Mgmt wise, I would prefer Harta over TG but I had both in hands because both are investors friendly while the other is more staff/vendor friendly.

Trade using your own strategy and according to your emotion. Dow Jones or the market is directionless hovering around 30,000 probably till Biden take over in Jan. Unless you are day trader taking advantage of the swing, there is no point coming here on daily basis.

Bottom line is that Comfort is making higher and higher profit. Further, it is helping many countries to cope with Covid. Share appreciation is just a matter of time.

According to MARGMA, global demand is around 350 billion gloves and projected to increase around 10% annually. Whether they use glove for vaccination or not, it has minimal impact to the annual demand. Also, it is naive to assume they will vaccinate the whole world as many countries are poor and can't pay for roof over the head, while revaccination is quite likely required like flu-shot.

Personally, I hope we can put an end to this Covid so we can get back to normal life ASAP. Even my company is finishing up our book order from 2019, and hope to survive through 2021 with only a couple orders secured this year with super-low margin. Many big corporates including Petronas are trimming budget and deferring project(s), basically adopting a wait-and-see attitude. Present oil price up is not sustainable and artificially support by low production, thus O&G activities remain low throughout.

There should not be any reason why FDA would not grant Emergency Use Authorization (EUA), as it is not meant for mass vaccination merely emergency use and that it is also optional unless there is/are significant setback(s). This would help to lift the morale (but not ease the actual number of cases) in this brutal winter which will probably see 10% of the population infected by the end of the winter and many hundred of thousands more people dying. This is also flu season in northern hemisphere.

Granting EUA is the least they can do for they are helpless against Covid coupled with flu season.

This has already priced-in thus negligible effect on Dow Jones. The news always has to come out with a headline to justify and recycle the reasons behind the Index up and down such as vaccine, unemployment, stimulus, etc until you believe that you can be a "qualified" economist too.

There should not be any reason why FDA would not grant Emergency Use Authorization (EUA), as it is not meant for mass vaccination merely emergency use and that it is also optional unless there is/are significant setback(s). This would help to lift the morale (but not ease the actual number of cases) in this brutal winter which will probably see 10% of the population infected by the end of the winter and many hundred of thousands more people dying. This is also flu season in northern hemisphere.

Granting EUA is the least they can do for they are helpless against Covid coupled with flu season.

This has already priced-in thus negligible effect on Dow Jones. The news always has to come out with a headline to justify and recycle the reasons behind the Index up and down such as vaccine, unemployment, stimulus, etc until you believe that you can be a "qualified" economist too.

<<NPRA1985>> UAE is basically in deep economy problem. Hundreds of construction projects are in limbo while oil price is lackluster coupled with production cut and it has also lost huge revenue from trade, tourism and transportation. So, just take it with a pinch a salt what the so-called leaders are trying to do to save its economy.

By the way, local Emiratis only make up to about 11% of the total population. Mostly are expats.

And, UAE royals are indirectly involved in the 1MDB scandal i.e. IPIC.

Trade using your own strategy and according to your emotion. Dow Jones or the market is directionless hovering around 30,000 probably till Biden take over in Jan. Unless you are day trader taking advantage of the swing, there is no point coming here on daily basis.

Bottom line is that Supermax is making higher and higher profit, Cash rich and strong fundamental. Further, it is helping many countries to cope with Covid. Share appreciation is just a matter of time.

According to MARGMA, global demand is around 350 billion gloves and projected to increase around 10% annually. Whether they use glove for vaccination or not, it has minimal impact to the annual demand. Also, it is naive to assume they will vaccinate the whole world as many countries are poor and can't pay for roof over the head, while revaccination is quite likely required like flu-shot.

Personally, I hope we can put an end to this Covid so we can get back to normal life ASAP. Even my company is finishing up our book order from 2019, and hope to survive through 2021 with only a couple orders secured this year with super-low margin. Many big corporates including Petronas are trimming budget and deferring project(s), basically adopting a wait-and-see attitude.

There should not be any reason why FDA would not grant Emergency Use Authorization (EUA), as it is not meant for mass vaccination merely emergency use and that it is also optional unless there is/are significant setback(s). This would help to lift the morale (but not ease the actual number of cases) in this brutal winter which will probably see 10% of the population infected by the end of the winter and many hundred of thousands more people dying. This is also flu season in northern hemisphere.

Granting EUA is the least they can do for they are helpless against Covid coupled with flu season.

<<NPRA1985>> UAE is basically in deep economy problem. Hundreds of construction projects are in limbo while oil price is lackluster coupled with production cut and it has also lost huge revenue from trade, tourism and transportation. So, just take it with a pinch a salt what the so-called leaders are trying to do to save its economy.

By the way, local Emiratis only make up to about 11% of the total population. Mostly are expats.

And, UAE royals are indirectly involved in the 1MDB scandal i.e. IPIC.

There should not be any reason why FDA would not grant Emergency Use Authorization (EUA), as it is not meant for mass vaccination merely emergency use and that it is also optional unless there is/are significant setback(s). This would help to lift the morale (but not ease the actual number of cases) in this brutal winter which will probably see 10% of the population infected by the end of the winter and many hundred of thousands more people dying. This is also flu season in northern hemisphere.

Granting EUA is the least they can do for they are helpless against Covid coupled with flu season.

Trade using your own strategy and according to your emotion. Dow Jones or the market is directionless hovering around 30,000 probably till Biden take over in Jan. Unless you are day trader taking advantage of the swing, there is no point coming here on daily basis.

Bottom line is that TG is making higher and higher profit, 30% ASP increase in next quarter, 10% additional production volume, and higher margin by switching to nitrile while having book order till Apr 2022. Cash rich and strong fundamental. Further, it is helping many countries to cope with Covid. Share appreciation is just a matter of time.

According to MARGMA, global demand is around 350 billion gloves and projected to increase around 10% annually. Whether they use glove for vaccination or not, it has minimal impact to the annual demand. Also, it is naive to assume they will vaccinate the whole world as many countries are poor and can't pay for roof over the head, while revaccination is quite likely required like flu-shot.

Personally, I hope we can put an end to this Covid so we can get back to normal life ASAP. Even my company is finishing up our book order from 2019, and hope to survive through 2021 with only a couple orders secured this year with super-low margin. Many big corporates including Petronas are trimming budget and deferring project(s), basically adopting a wait-and-see attitude.

https://www.cnbc.com/2020/12/09/european-central-bank-set-to-increase-its-covid-stimulus.html

If it is clear and shiny, affluent countries wouldn't be expanding and extending the stimulus well into end of 2021. More bankruptcies and deaths are imminent. If you have friends working in the financial dept of the banks, you'll get to hear the horrendous NPL rolling-in especially selective banks which are bound to do "national-service" will see a huge write-off.

AlvinTSK @ChaseBros
Pls la dont Ass-u-me !!
Had you factor in the cost of 10% expansion in 2Q21?? which is going to eat up the margin!!

ASP expected to be 30% higher ... Expected is the key word!!

Order book through Apr 2022... trust this news is already out in first half this year!! Havent it been factor in the current price??

RM3bil easily achievable !!?? say who ?? your ah gong la ??
09/12/2020 10:48 PM

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How much is the expansion cost? Not that much isn't it, base on AT or Mah Sing investment per billion glove? Presumably it is progressive payment, thus maybe last milestone payment will be billed in Q2 2021.

Order book through Apr 2022 is just reported from today's forum, not half a year ago. It was till end of 2021 then.

Of course ASP "expected" to go up further, and it could be better. Glove are still in great demand. Stockpile are "critically low". Please read the stockpile report. Hospitals in US are over-over-over loaded. 1mil cases in 4 days. This would be a brutal winter. Mass vaccination full approval filing may be Mar 2021 at the earliest and approval quite likely 1H 2021 onwards while optional emergency use will not ease the brutal winter, only morale support.

Revenue was RM4.8bn on 1Q21, can you imagine how much is the revenue with 10% increase in production volume + another 30% ASP increase + switching from latex to nitrile (with better margin)? Likewise, the PAT.

Based on the supported figures from today's investor's briefing, RM3bn is easily achievable.

US FDA is likely to grant emergency use (not full approval) of Pfizer and Moderna vaccine. It is optional for frontliner and vulnerable group. You need to sign no-liability paper, thus the government, pharma nor insurance will bear any responsibility in case of any complications. If complications surfaced months or years later relating to this emergency vaccination, your insurance company will deny any claim.

Both pharma will file for full approval in around Mar 2021. Mass vaccination (if approved) may be well toward 1H2021. We would of course hope that it will be approved for mass vaccination then but still have to wait for maybe 1 to 2 years especially if we are healthy individuals.

AlvinTSK So many con artist saying next coming quarter is going be better !! Are you joking ??

They fail to factor in:-
The factory closure which is expected to be more than 3% of the total revenue especially with the extended CMCO
Saman and further suspension for their worker act abuse
US Ban which is still on going ( fyi, US market is around TG 20% revenue... and it has been 2 months of ban so far)
09/12/2020 10:22 PM

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Can you round up how much that is gonna be? as compared to

- Additional 10% new capacity in 2Q21 (and 20% in FY21)
- More lines switching from latex to nitrile (with higher profit margin)
- 2Q21 ASP expected to be 30% higher than 1Q21. Fuyoh! more than enough to make up for the EMCO losses and "peanut" summon.
- Order book through Apr 2022. And, they can always sell to the next one in queue out of the 170 countries that it served.

RM3bn is easily achievable in next quarter. Despite EMCO begin in second half of Nov, they manage to pull in RM2.4bn PAT in 1Q21.

Yeah, that is right. We need to control our emotion i.e. Regret, Disappointment, Anger, Insane, Denial. Because of the speed of info being transpired today and every media is trying to sensationalize every event on hourly or daily basis, thus our emotion is easily swayed as compared to decades ago, people just invest and revisit the investment after months.

After all, TG fundamental is still intact, bombastic QRs (another 30% increase in PAT in next quarter, additional 10% capacity, switching from latex to nitrile with higher profit margin), order book through Apr 2022, ....................., what is there to complain about.

https://klse.i3investor.com/blogs/gloveharicut/2020-12-09-story-h1537502804-TOPGLOV_2021_Q1_Zoom_Briefing_The_Best_is_Still_Yet_to_Come_Strong_orde.jsp

Do expect more bombastic result on next quarter. Some of the takes from today's briefing ;

- Additional 10% new capacity in 2Q21 (and up to 20% in FY21)
- More lines switching from latex to nitrile (with higher profit margin)
- 2Q21 ASP expected to be 30% higher than 1Q21
- Order book through Apr 2022

RM3B PAT is achievable in next quarter. Maybank Kim Eng estimation of RM11bn - RM12bn in FY21 would be understatement now. And TG will emerge at the spot in terms of corporate earning in FY21, surpassing Maybank which expect to bring in around RM6bn - RM7bn.

<<kabam88>> not only massage center, but also physio, rehab, barber, hotel, resort, etc

The earning or PAT is getting better and better, still on the uptrend. Trade with your own strategy. Rebound is imminent to reflect the fair value (probably with moderate discount).

The Edge Billion Ringgit Club Corporate Awards 2020 list of winners

Super big cap companies

Companies with more than RM40 billion market capitalisation

Highest growth in profit after tax over three years — Hartalega Holdings Bhd
Highest return on equity over three years — Maxis Bhd
***** Highest returns to shareholders over three years — Top Glove Corporation Bhd *****

Whenever naysayers are saying will collect at lower price (which may not even come close), is actually believing TG share will eventually reflect its fair value but only that they were "hoping" to come in at even lower price and may eventually chasing high.

These are very conservative estimates :

Number of Shares : 8.196 billion

Q1 2021 RM2.4B PAT 0.50 EPS, thus RM10.00, in case of P/E = 20
Q2 2021 RM2.4B PAT 0.78 EPS, thus RM15.60, in case of P/E = 20
Q3 2021 RM2.4B PAT 1.03 EPS, thus RM20.60, in case of P/E = 20
Q4 2021 RM2.4B PAT 1.17 EPS, thus RM23.40, in case of P/E = 20

NOTE : Q1 refers to Aug 31 to Nov 30 2020 (and QR is expected on Dec 9 2020) thus Q4 would translate to Aug 31 2021. And, TopGlov will add another 18bn (or 20%) production capacity in FY21.

Some IBs are estimating Topglov will see up to RM12B (as per Maybank Kim Eng estimation) while we are only assuming RM9.6B. Historically, TopGlov is traded at P/E = 30 and above but we are conservatively assuming P/E = 20.

***** A good value-investor like Warren Buffet will take its position when a good fundamental stock is undervalue (insensibly sell-off by temporary weak sentiment or negative emotion). The big fund mangers are collecting cheap ticket and will reallocate their portfolio in due time, pushing the share price up to reflect its fair value.

Whenever naysayers are saying will collect at lower price (which may not even come close), is actually believing TG share will eventually reflect its fair value but only that they were "hoping" to come in at even lower price and may eventually chasing high.

These are very conservative estimates :

Number of Shares : 8.196 billion

Q1 2021 RM2.4B PAT 0.50 EPS, thus RM10.00, in case of P/E = 20
Q2 2021 RM2.4B PAT 0.78 EPS, thus RM15.60, in case of P/E = 20
Q3 2021 RM2.4B PAT 1.03 EPS, thus RM20.60, in case of P/E = 20
Q4 2021 RM2.4B PAT 1.17 EPS, thus RM23.40, in case of P/E = 20

NOTE : Q1 refers to Aug 31 to Nov 30 2020 (and QR is expected on Dec 9 2020) thus Q4 would translate to Aug 31 2021. And, TopGlov will add another 18bn (or 20%) production capacity in FY21.

Some IBs are estimating Topglov will see up to RM12B (as per Maybank Kim Eng estimation) while we are only assuming RM9.6B. Historically, TopGlov is traded at P/E = 30 and above but we are conservatively assuming P/E = 20.

***** A good value-investor like Warren Buffet will take its position when a good fundamental stock is undervalue (insensibly sell-off by temporary weak sentiment or negative emotion). The big fund mangers are collecting cheap ticket and will reallocate their portfolio in due time, pushing the share price up to reflect its fair value.