British American Tobacco slumped more than 6%, leading a broad decline for tobacco companies after a report that the Biden administration is considering a requirement for reduced nicotine content in all cigarettes sold in the U.S.

EPF also buying

Remember tan sri promise is TG > MAYBANK.. :)

Tan sri etc all bought at above $7..
Now still cheap..
Slowly , everyday up 30 sen is better than say up $1 in one day..

Yes shld follow ataims..
plus got bonus and free warrant

To be a fortune 500 company

After hong kong, it shld list in US - Nasdaq

Now follow me sing this song:
"Top glove is the best, better than the rest"...
Haha
https://youtu.be/03sPZmg9JeA

During the height of the pandemic , the issue of force labor never arise..
the US wants more glove and their companies thanked top glove and other msia glove company especially the hard working bangla for being the "hero" working overtime in the pandemic fight..and ensuring the US and other countries have sufficient supply...
They work overtime to meet US & other countries demand.
Now the US have enough stock and vaccine , they now say these are forced labor ... ?! :)
Even bangladesh did not say their citizen being force to work...in fact they know in bangladesh there is too many ppl and not enough jobs , that is why they allow them to come to msia and other countries to work....
Many country due to pandemic , the unemployment rate is sky high / double digits...
The bangladesh workers are the real hero and have an opportunity to work and fight the pandemic..
they shld not be label as forced labour by the US..but heros for meeting their demand :)

Anyway, the US mkt is not as important now since in US they already start mass vaccination..and their demand will drop anyway.. they must already have sufficient stock to come out with the "force labor" nonsense .
If u read, they are targetting msian glove company and not just top glove..their real motif is unknown..america has been going after all their competitors..like huawei, smic, and tiktok and other china company.

The real demand for glove will be from those country which doesnt have as much vaccine supply or is slower than US..

This will include large part of asia , india , philiphine, indo, the whole africa continent , large part of europe.. south.america brazil, etc..where covid cases still rising..
There are other mkt which can absorb the supply and need a lot of gloves for at least the next 2 years...

I think the share price of rubber glove stocks are near bottom. Sellers seems exhausted even with recent alllegations and targetted attacked by US on msia rubber industry...
All the allegations on top glove doesnt deserve the share price to drop from $9.50 to $4.70....and pe around 3.7x earnings..
As the #1 glove company in the world, its worth a second look..
Company already working on the remediation since last yr and compensate its workers..
Its on right track, the share price also on right track to recovery...
Anyway do yr own research and not financial advice..

Seems like recovering to possibly $5+

Buy nice shirt for them, install aircond and resort style living for the workers... and forbid the bangla to live on their own style or wear sarong or sleep on the floor..
Fetch them with limo and give them work minimal hours ..
Encourage them to go back bangla for holiday or if they not happy...free to go

Matter will eventually be closed case...
Now they can invite US custom to visit their factory and the banglas.. to see the changes...
now its at ~50% discount...vs high of $9.50

On the recent findings by the CBP, the Company wishes to update and clarify that there is no new additional issue on forced labour being discovered or added but there are a few rectification and verification works required on the earlier findings.


Top Glove continues to actively engage with CBP towards addressing and fully remediating the issues identified immediately/speedily.

We reiterate our strong commitment to the welfare, health and safety of our workforce.  We aim to be a leading responsible company in Malaysia and worldwide.

if they say force labour, then where is the video or evidence, they are chained with orange jumpsuits.. :) haha

the US they are not aware that its normal for bangla to sleep on the floor and wear sarong when sleeping....its their culture even in bangladesh...
they also like to stay with their friends.. and eat together..

but the US they expect nice clothing when sleeping-not wear sarong, nice bed - sleeping at floor not allowed..
and living quarters with tv and facilities, ie gym, and social area with safe distancing.. proper furniture, sofa etc. and nice clothing, like you know james bond, wear suit and tie when working

you mean, US will let bangla live inside hotel with cable tv..give them wear nice suits and necktie when working and chauffeured them around in limo ? pay them double, above their country minimum wage? what will the locals there think.. :)

they should commence legal action against the puppet masters there in US..if they illegally seize its product, they can get the cost back from the US gov..

well topglove should be like US, come out with more video to educate the US ppl that this company is good....and the banglas need their jobs.. thats why they come to msia...
and some video of how the banglas live in their own country.. which is probably similar...
they can also lobby the US politicians, by building factory in US...creating jobs there..or do fund raising...

normally bangla live like that in bangladesh...
they dont live like in hotels.. or drive limo to pick them up... they use bus...
but the US propaganda machinery is very strong...

like rebounding

when top glove and other msian glove company are not making much money, prior to covid, nobody in US or Canada complain about force labour, but now msia glove company is making a lot of profit and can captured the US and canada market and is better than its US competitors, suddenly there are all sorts of video and allegations coming out..
so just like EU ban palm oil they say due to labor and environment issue, but their true motif is protecting their own industry which is vegetable and olive oil based...

the gov should fight for the msian companies-which help to boost the country economy in this covid period, and not for the US which does not provide them with any tax revenue...or anything good.

sadly today, only china dare to and can take action against US and Canada..
other country they are quite powerless..

when u become the #1 company in the world and threaten their own US based company like apple, the US will take action.. just look at Huawei..
so u cannot believe what u see on the video..

the true motif is they want to protect their own US based glove/mask companies.

should just automate the factory and send all the banglas back..

this is an attack on the msia, one of the brightest industry - glove industry and the economy.

why dont they investigate who lobby and created the video which put top glove in bad light.. my guess is it could be top glove US based competitors..

net asset is $3. and PE = 2.

its undervalued

old man is a crook...those of you who dont know him might think this old man is an angel or is helping u .. but he cld be helping his own wallet.. :)

for those who buy son, in theory, can convert son to mother share at anytime and the cost is around 0.16+0.11=0.27c...
and in theory, compare to mother share now 0.65c....can sell and profit 0.65-0.27=0.38c...
this is of course assuming mother share hold at this price level.. once u get the new share

can convert son to mom anytime...

Each Warrant B carries the entitlement to subscribe for 1 new ordinary share in Macpie at the exercise price of RM0.16 "at any time during the period" commencing on and including 9 March 2021 (being the date of issuance of the Warrants B) and ending on the close of business at 5.00 p.m. on 8 March 2024 (being the expiry of the tenure of the Warrants B) ("Exercise Period").

its still cheap.. PE ratio around 6X.. recently the profit has increased...
and big shareholder is PNB.. which is very good shareholder

finally can ranhill be gaining its momentum?
... water and solar plant...player with
good story..and high dividend..5 to 6%

still undervalue. ranhill...going to go up
the dividend is 5 to 6 %...

those who want safe dividend yield of 5% to 6% can try this ranhill.. its water utilities business hence not impacted by covid....

Recommendation. Maintain BUY on Ranhill at unchanged SOPderived TP of RM1.25. Potential catalysts: (1) Expansion into Indonesia source-to-tap water supply (2) Potential extension of RP1 concession (3) Scheduled rate hike/potential lease re-negotiation for Johor water operations. (4) Progress in water-sewerage integration.

Source: MIDF Research - 4 Dec 2020

water and utilities like puncak is going up .....

so Ranhill is going up?

akan datang:
https://www.thestar.com.my/business/business-news/2020/10/23/mmc-mulls-reviving-rm41bil-ipo-of-port-assets

its a special stock way below NTA and with port , power and other business...

latest qtr EPS is 5.9 sen..annually shld be 24 sen ....
NTA = 3.12...
so can TP $1.50 to $2 ? in the longer term

its looking good.. recovery stock with good fundamental NTA is = $3.12

earnings per share 7.2 sen this qtr..
and dividend increase to 9.5 sen!

dividend is better than most tech counter

excellent results and dividend

aluminium counter all moving.. alcom , pmetal, etc

most undervalue tech related company..

https://www.thestar.com.my/business/business-news/2021/02/09/supermax-klang-facility-to-close-for-three-days-due-to-covid-19

good company.. latest 1 qtr EPS = 10 sen..

this is the most undervalue "tech" stock...
tech all going up

In 1 qtr it already make 10 sen a share...so 1 year maybe 40 sen a share..
share price now still undervalue

Its a good company.. easily can declare bonus issue..from the retained earnings