@dhnn81

I own TG too. But Amazon too failed to make huge profit, when they have e-commerce, video streaming and cloud services. all in max demand during lockdown. Sometimes, we dont know what is going on inside a company, only the founder and directors know. Just wait and see.

@Lanesra

The article you shared is exactly what I told you, their capacity was always 80-90% pre covid. Now that they can add another 30%.

My only concern is how many % is OEM and how many is OBM. As we know, OEM production means the price and volume are probably locked in for a year. Any supplier would have signed a one year contract with fixed volume and pricing. If TG cannot output enough OBM, it will not generate good returns as they are committed by contract to supply x amount at x price based on whatever they agreed one year ago.

Unlike Supermax which was 70% OBM and 30% OEM pre covid, now they are 95% OBM and 5% OEM, once contract expired, they will focus sorely on OBM. Question is, how many percent is OBM and OEM for TG.

@Lanesra

If really their capacity before covid was 40-50%, then they are not efficient at all. If I remember correctly, i read somewhere is was 80-90%, not like what you said. If 50%, then they have to close some factories, no bosses will allow such wastage and will always max capacity output.

What you said doesnt make any sense. I own TG shares too.

Quater report so soon? Not august?

This whole katak jumping thing is preventing our economy from moving forward. Just call GE15 and get over it.

it is like everyone is showing who has the highest TP. Tomorrow, who knows XXX bank says TG's TP is RM30

@KeongLim139

Means their stock price is RM6.10 and if they sell today (RM17), they profit RM11?

@bullshitslayer

Do you think the price will drop drastically if the Q2 report is very bad? Long term I think Genting got potential. I am keeping it.

can someone please explain this to me:

"Exchanging of 5 years Guaranteed Exchangeable Bonds 2019/2024 into ordinary shares - 800,714 shares at 6.100."

This means bond holders that bought TG's bond around 2019 are converting their bonds to shares for only RM6.10? Means TG have to go buy shares from open market (If they do not have enough) and 'exchange' it with the bond holder?

Good news. CIMB give target price of RM25
https://koonyewyin.com/wp-content/uploads/2020/06/Top-Glove-Corporation-202006091250_v3.pdf

August 31st is Q2 already. How? If still not open and Q2 report is super super bad... then die lah. I bought already.

@gemfinder What type of mask? Normal mask sure lah, anyone with small capital can set up a factory to produce them. N95 mask got oversupply or not? N95 mask harder to make and requires certification.

Gloves also the same, medical gloves where got easy to make, plus, even normal gloves not so easy to make, even if you have billions, it will take months to set up the factory. That is why gloves' prices went up. Face shield, PPE and etc all can do it within weeks, anyone with sewing machine or 3D printer can do it... gloves where can, medical gloves even harder.

@merck Supermax already says before covid it was 70-30 OEM vs OBM, now they are more than 90% OBM. They will probably stop making for OEM once the contract expires and focus on OBM.

@Star8888

Your chart shows increasing new cases, the only thing that is dropping is death. Do you know how to look at charts?

@Star8888 is a liar. Go Google 'Covid New Cases Worldwide' and look at the data. The chart is going up and up, now flatten... but up.

@Star8888

https://www.google.com/search?client=firefox-b-d&ei=vEHeXq-XJdnt9QOJno2gAQ&q=covid+new+cases+worldwide&oq=covid+new+cases+worldwide&gs_lcp=CgZwc3ktYWIQAzoECAAQRzoECAAQQzoCCAA6BAgAEAo6BQgAEMQCOgYIABAWEB5Qh3FYvYEBYMWCAWgAcAF4AIABXogBkQaSAQIxMJgBAKABAaoBB2d3cy13aXo&sclient=psy-ab&ved=0ahUKEwiv5cD0rfLpAhXZdn0KHQlPAxQQ4dUDCAw&uact=5

Who told you new cases dropping? It is increasing at an even rapid pace. This is the data from compiled by Google updated every 20 minutes. You are lying.

TopGlove owns 30% of Brazil market share, now South America and Brazil's cases are rising up like crazy. TP30 by end of the year. Tomorrow limit up.

TopGlove closed at SGD5.84 (RM18). Tomorrow limit up for all glove. Huat. Up Up Up. TP for Supermax RM11

TopGlove closed at SGD5.84 (RM18). Tomorrow limit up. Huat.

TP Price according to Salvador Dali the legend is RM24.

AA would not have been in such a shitty situation if they had not sold all of their airplanes as give it out as dividends. Also, they should havd diversified into Cargo services, which clearly MAS Cargo is benefiting as they are used to ship out medical gloves all over the world.

At least Richard Branson put up his island as collateral, whereas Tony has not made such a move. Tony has other assets, put it up or sell it or mortgage it to save AA. I bet he too is unwilling to take the risk.

The legendary Salvador Dali gave a TP price of RM24. Covid wave 2 in USA coming, go google the daily new infection rate for USA Top 4 states - New York (Dropping), Califonia (Going Up), Texas (Going Up), and Florida (Going Up).

This is the beginning of a 2nd wave with the mass protest, all 3 states are making new high before the lockdown.

http://malaysiafinance.blogspot.com/2020/06/the-markets-disconnect-to-real-economy.html

I am long genting but the tax exemption are just words. what tax to pay when you file for losses? Unless it is tax exemption for 5 years, then maybe it benefits the company.

@EatCoconutCanWin

yeah, like how normal mask is oversupply thus real N95 mask got no value. Surgical gloves for professionals is different from those normal gloves.

Why would it drop to 5?

The vaccine, every country that produces vaccine are mass producing them not knowing if it works. For example, if they have 5 types of vaccines, they will mass produce all 5 and store them while the scientist are still at the testing stage. The idea is that if they discovered 1 out of the 5 works perfectly, they have millions of vaccine ready to use, no need to wait anymore. Then the other 4 types and the millions produced will be thrown away, this is to save time.

RHB Target Price RM18.30
https://focusmalaysia.my/mainstream/top-glove-winner-of-supply-demand-imbalance-say-analysts/

TopGlove is 16.38
Supermax is 8.88

Tuesday open 30% limit up.

TopGlove is 16.38
Supermax is 8.88

Tuesday open 30% limit up.

all glove green now.... time to load up

all glove green now.... time to load up

Title: U.S. coronavirus cases have been slowly ticking up since Memorial Day

Coronavirus cases in the United States have been slowly ticking up since the Memorial Day holiday, according to a CNBC analysis of data compiled by Johns Hopkins University. Source: CNBC

note: Not yet count the mass protest, which we will know in 2 weeks time

U.S. coronavirus cases have been slowly ticking up since Memorial Day
https://www.cnbc.com/2020/06/04/us-coronavirus-cases-have-been-slowly-ticking-up-since-memorial-day.html

Coronavirus cases in the United States have been slowly ticking up since the Memorial Day holiday, according to a CNBC analysis of data compiled by Johns Hopkins University.

note: Not yet count the mass protest, which we will know in 2 weeks time

close 18.7 today

Uncle Koon's new TP is RM23. Last call before the amazing 11th June results.

Limit up today

Today limit up.... TP20

Who care about political turmoil, whomever the gov is, TG is still going to sell gloves to the highest bidder. This is not a construction company where it depends on projects from the gov, not a banking stock that depends on gov policies. TG is international, no country is going to say I won't buy gloves from you because you got a new gov.

Why Hong Leong Investment Bank TP Price - RM19.80 not in the Price Target List?

https://www.hlib.hongleong.com.my/Published/Download.ashx?ArticleId=15...

Up Up Up

Dragonfly Doji and Hammer Candlestick? If true, tomorrow limit up?

TP 20. Up Up Up

Also, USA lockdown started end of March, so, they only panic buying around April.

This is not pasar malam, today you want, you pay and get the stock. You have to order and wait. The march sales is probably from sales done in january or february. This is why TopGlove and all other glove company says there is a 12 months waiting period. Read Supermax report to know, they say something like that time waiting time was 6 weeks? now is 4 months? or something like this, waiting list gets longer.

Hong Leong Investment Bank TP Price - RM19.80

https://www.hlib.hongleong.com.my/Published/Download.ashx?ArticleId=15274&mode=view

Up Up Up

Kenanga also join MBB - TP price is RM20.10. WTF, Kenang must always one up MBB

TP 20.... green is our fav colour

many are waiting for the flash crash... like yesterday, many want to sapu RM11 and then sell RM14 when it goes up. Will it happen today?

Banks seek concessions to help ease hire purchase pain

"BANKS, expected to take a hit from not being able to impose additional charges for hire purchase (HP) instalments that are deferred over the six-month moratorium period, are in talks with Bank Negara Malaysia and the Ministry of Finance (MoF) on some options to help mitigate the impact, sources say."

https://www.theedgemarkets.com/article/banks-seek-concessions-help-ease-hire-purchase-pain

Big Sharks unloading overpriced stock to Ikan Billis, Becareful. Dont do stupid. Dont use margin to play. 30 June is when short selling comes back. Becareful and never ever ever use margin. Dont get trapped.

Banks seek concessions to help ease hire purchase pain [ The Edge ]

"BANKS, expected to take a hit from not being able to impose additional charges for hire purchase (HP) instalments that are deferred over the six-month moratorium period, are in talks with Bank Negara Malaysia and the Ministry of Finance (MoF) on some options to help mitigate the impact, sources say."

Big Sharks unloading overpriced stock to Ikan Billis, Becareful. Dont do stupid. Dont use margin to play. 30 June is when short selling comes back. Becareful and never ever ever use margin. Dont get trapped.

Banks seek concessions to help ease hire purchase pain [ The Edge ]

"BANKS, expected to take a hit from not being able to impose additional charges for hire purchase (HP) instalments that are deferred over the six-month moratorium period, are in talks with Bank Negara Malaysia and the Ministry of Finance (MoF) on some options to help mitigate the impact, sources say."

Big Sharks unloading overpriced stock to Ikan Billis, Becareful. Dont do stupid. Dont use margin to play. 30 June is when short selling comes back. Becareful and never ever ever use margin. Dont get trapped.

Banks seek concessions to help ease hire purchase pain

"BANKS, expected to take a hit from not being able to impose additional charges for hire purchase (HP) instalments that are deferred over the six-month moratorium period, are in talks with Bank Negara Malaysia and the Ministry of Finance (MoF) on some options to help mitigate the impact, sources say."

https://www.theedgemarkets.com/article/banks-seek-concessions-help-ease-hire-purchase-pain

Big Sharks unloading overpriced stock to Ikan Billis, Becareful. Dont do stupid. Dont use margin to play. 30 June is when short selling comes back. Becareful and never ever ever use margin. Dont get trapped.

With HP loan deferred, and housing loands too, and soon many will default after the 6 months memorandum. The evaluation of banks are too crazy already. Wait till 30 June for short selling to be activated, then see how big shark eat ikan billis. Dont fall for it.

https://www.nst.com.my/business/2020/05/590048/four-banks-will-be-negative-due-highest-hp-loans-exposure

With HP loan deferred, and housing loands too, and soon many will default after the 6 months memorandum. The evaluation of banks are too crazy already. Wait till 30 June for short selling to be activated, then see how big shark eat ikan billis. Dont fall for it.

https://www.nst.com.my/business/2020/05/590048/four-banks-will-be-negative-due-highest-hp-loans-exposure