Something fishy?

Lim Wee Chai's wife retires as Top Glove director

https://www.theedgemarkets.com/article/lim-wee-chais-wife-retires-top-glove-director

Click this link https://www.bursamalaysia.com/market_information/market_statistic/securities

u can see daily total short selling & net short position. Every single day topglove also get shorted the most among all

Shares of the world’s largest medical glove maker have erased most Covid gains

https://www.cnbc.com/2021/12/21/investing-top-glove-shares-erase-covid-gains-analysts-downgrade-stock.html

Top Glove Corporation Berhad - FY22: a Gloomy Start

https://cdn1.i3investor.com/my/files/st88k/7113_TOPGLOV/pt/JF%20APEX/7113_TOPGLOV_JF%20APEX_2021-12-13_SELL_1.70_TopGloveCorporationBerhadFY22aGloomyStart_861493013.pdf

Top Glove - Weak Start

https://cdn1.i3investor.com/my/files/st88k/7113_TOPGLOV/pt/HLG/7113_TOPGLOV_HLG_2021-12-13_SELL_1.56_TopGloveWeakStart_-1130823012.pdf

Lower prices, softer demand in coming months to affect Top Glove, says HLIB

https://www.nst.com.my/business/2021/12/751704/lower-prices-softer-demand-coming-months-affect-top-glove-says-hlib

Comfort Gloves quarterly net profit declines on two fronts

https://www.theedgemarkets.com/article/comfort-gloves-quarterly-net-profit-declines-two-fronts

ASX-listed VIP Gloves ramps up production, undeterred by falling glove ASPs

https://www.theedgemarkets.com/article/asxlisted-vip-gloves-ramps-production-undeterred-falling-glove-asps

Mah Sing gets clearances to market medical gloves in US market

https://www.thestar.com.my/business/business-news/2021/12/06/mah-sing-gets-clearances-to-market-medical-gloves-in-us-market

AT Systematization unit gets nod to market nitrile gloves in US

https://www.theedgemarkets.com/article/systematization-unit-gets-nod-market-nitrile-gloves-us

Will it be like ATAIMS?

Despite Foreign Firm Exits, Malaysia’s Labor Issues Will Persist

https://worldview.stratfor.com/article/despite-foreign-firm-exits-malaysia-s-labor-issues-will-persist

GLOVE average selling prices (ASPs) is expected to continue decline going forward, due to aggressive expansion plans from both new and existing glove makers, slower buying patterns from customers and minimal spot orders.

Glove ASP to decline further on aggressive growth

https://themalaysianreserve.com/2021/12/16/glove-asp-to-decline-further-on-aggressive-growth/

Many ppl so blur tht they don't realize NTA is just 0.86 so share price is overpriced?

After minus everything else the net tangible assets is only 0.86 per share. If company is not profitable running into losses, how is dividend payout sustainable? Don't u think share price now 2.xx is overpriced?

pdchs, the dividend payout is only sustainable if company continues to make profits but what if otherwise?

I mean if company starts making losses and continue so for many quarters in future, sure cashflow is broken. If worst case have to liquadate assets, then share price is very overvalued at 2.03 over 0.86 net assets only. Am I correct?

Can some unbiased old timers explain here? Tq

Share price now 2.03
NTA 0.86
Short term borrowings 305,551,000
Long term borrowings 133,501,000
Cash 894,949,000

Why cash fallen so much? Where has all cash gone to?

Net assets is worth only 0.86 per share. Now share price is around 2.03 range. Is that not expensive? What if company starts making losses next few quarters?

Glove is really game over this time

Bankrap or bankrupt? How to spell?

Sunset business struggling to survive

South African doctor who first spotted the Covid omicron variant says symptoms seem ‘mild’ so far
https://www.cnbc.com/2021/11/29/omicron-covid-variant-symptoms-heres-what-we-know-so-far.html

S.African doctor says patients with Omicron variant have "very mild" symptoms
https://www.reuters.com/world/africa/safrican-doctor-says-patients-with-omicron-variant-have-very-mild-symptoms-2021-11-28/

KUALA LUMPUR (Nov 17): JP Morgan which has been bearish on the glove sector since last year, has once again slashed its target price (TP) for Top Glove Corp Bhd to RM1.50 — a 67.33% discount from its current price of RM2.51 — while maintaining an “underweight” rating.

JP Morgan slashes TP for glove makers to pre-Covid levels, warns market underestimating ASP bottoming risk
https://www.theedgemarkets.com/article/jp-morgan-slashes-target-price-glove-makers-precovid-levels-cites-markets-underestimation

After paid makmur taxes how much cash left? Glove business still can sell more gloves? Still able to have more profits like last year? Produced so much gloves and so many competitors now everywhere

Glove makers could fall off reserves list in upcoming FBM KLCI review

KUALA LUMPUR (Nov 4): The component stocks of the FBM KLCI will soon be up for its semi-annual review by FTSE Russell, following the last one done in June, and the current constituents are unlikely to change given that they have
maintained their position as the top 30 counters on Bursa Malaysia by market capitalisation.

The changes could instead be to the list of reserve stocks, which comprises the five highest-ranking non-KLCI constituents. The five currently on the list are Westports Holdings Bhd, QL Resources Bhd, Supermax Corp Bhd, Kossan
Rubber Industries Bhd and Inari Amertron Bhd.

In particular, the two glove makers on this reserves list have seen their market capitalisations decline substantially since the last review.

Supermax’s market capitalisation, which stood at RM10.5 billion on June 3, has now halved to RM5.14 billion. In the same period, Kossan’s market cap declined 35.8% from RM9.72 billion to RM6.24 billion.

Both their share prices have been trending downwards since April this year against the background of lower average selling prices (ASPs) and the normalisation of glove makers’ profits after the pandemic-driven supernormal cycle.

On top of that, Supermax’s products have been slapped with an import ban in the US amid allegations of forced labour, which does not help sentiments on the counter.

Supermax shares, which closed at RM4.01 on June 3, settled at RM1.89 on Wednesday, while Kossan’s shares have dropped from RM3.81 to RM2.44.

Top Glove sits on RM860 mil paper loss on massive share buyback
https://www.theedgemarkets.com/article/top-glove-sits-rm860-mil-paper-loss-massive-share-buyback?type=malaysia

Impose windfall tax on glove makers, use money for small farmers, says MP
https://www.freemalaysiatoday.com/category/nation/2021/11/02/impose-windfall-tax-on-glove-makers-use-money-for-small-farmers-says-mp/

Top Glove sits on RM860 mil paper loss on massive share buyback
https://www.theedgemarkets.com/article/top-glove-sits-rm860-mil-paper-loss-massive-share-buyback?type=malaysia

Topglove sure die. Maybe dividend also cut

No windfall but makmur tax hahahaha this time really waterfall lor

Bad news coming again....This time EU will impose ban for forced labour issue....EU more fussy

With recent bad news such as sanctions by USA, it is unavoidable that foreign funds and EPF together dumping & shorting glove stocks aggressively

EPF keeps selling consecutively repeately. No buying leh

EPF will keep selling until clear stocks beware

Wooahhh EPF is disposing aggressively

Even cheap low price, EPF also fast dumping. Must have known next quarter result shocking failure

Sure EPF will keep dumping glove shares haha

EPF’s 1H performance points to higher 2021 dividend
https://www.theedgemarkets.com/article/epfs-1h-performance-points-higher-2021-dividend


EPF dumps 43.5m shares in top 4 glove companies
https://themalaysianreserve.com/2021/10/18/epf-dumps-43-5m-shares-in-top-4-glove-companies/

They know revenues & profits not sustainable

Smart EPF keep dumping. Any slight increase in share price EPF will sell

EPF dumping BYE BYE

EPF dumps 43.5m shares in top 4 glove companies
https://themalaysianreserve.com/2021/10/18/epf-dumps-43-5m-shares-in-top-4-glove-companies/

Back to glory holes so pity

Today sure gg.com again

Insider trading is an offence. Investigations underway

Cheaters conmen burnt own self nowadays