Dividend Policy

The Board of Directors of TOP GLOVE wishes to announce that during its Board of Directors' Meeting held on 14 October 2014 has resolved to adopt a Dividend Policy to declare and pay annual Dividends of not less than 50% of its Profit After Tax And Minority Interest.

The following factors were taken into account in considering the level of Dividend payments:

1) the Company’s available cash and cash equivalents; 2) return on equity and retained earnings; and 3) the Company’s projected capital expenditure and other investment plans.

This announcement is dated 14 October 2014.

Source: http://www.bursamalaysia.com/market/listed-companies/company-announcements/1764041

Dividend policy 50% from net profit

You guys better check back how many mask Topglove can produce.

Top gloves will be world largest mask company soon...

Bye bye gooshem

Block people from buying...they buy low this morning...

maybank system got problem?

JN88 sifu very angry only manage to grab at 11 plus....please drop one more time...

Haiz.....JN88 sifu only manage to grab at 11...fail to sapu more at 10.6

BANKER VS IKAN BILIS!!!!!!!!!!!!

BUYYYYYYYYYY more....chiong ar...

Khoo810 want to buy cheap...

UALA LUMPUR (June 2): The demand for medical gloves is estimated to grow by 12% per year in the post-Covid-19 environment, says Top Glove Corp Bhd, stressing, however, that the spike in demand arising from the pandemic is temporary.

“The demand for gloves as an essential item in the health care sector was expected to grow by at least 10% each year, even before the onset of the pandemic,” said Top Glove chairman Tan Sri Dr Lim Wee Chai.

“With increased awareness of the importance of gloves arising from the pandemic, people who started using gloves in recent months are expected to continue using them even after the pandemic recedes, further driving demand, which is estimated to grow by 12% per year in the post-Covid-19 environment.

“It is also important to recognise that the spike in demand arising from Covid-19 is temporary. Indeed, over the past 30 years we have seen many epidemics and pandemics — including SARS, Swine Flu, H1N1, Bird Flu and Ebola — as they happen about once every five years. Covid-19 is part of this repeating cycle,” Lim said in an interview with Oxford Business Group.

He said the growth in demand for medical gloves started in China and South Korea, and then it followed in Europe and the US as the virus spread.

Lim said the expansion efforts of Top Glove, the world’s largest producer, was designed to cater to growing demand over the longer term.

“Our company believes that the market will be able to absorb the additional capacity, and we will continue to expand production and adjust plans if necessary,” he said.

Lim noted that Top Glove was already in expansion mode, even before the Covid-19 outbreak.

“We were building around one or two new factories each year and had spare capacity that we were able to utilise to ramp up production as demand more than doubled due to the pandemic. Indeed, our production utilisation has increased from 85% to nearly 100%,” he added.

KUALA LUMPUR (June 1): There is no love lost for glove makers Hartalega Holdings Bhd and Top Glove Corp Bhd, whose share prices continued to reach new record highs on Monday. The strong rally put the two glove manufacturers firmly at the sixth and eighth place among Malaysia’s largest listed companies by market capitalisation.

This is as the rising investor appetite for glove makers pushed many rubber glove-related players to new highs, extending the momentum that has lasted months in the sector as the Covid-19 pandemic spurred unseen before strong global demand.

At sixth place, Hartalega settled at a market cap of RM44.61 billion at Monday’s close, while Top Glove is ranked eighth after Maxis Bhd, with a market value of RM40.53 billion.

Top Glove, controlled by Tan Sri Dr Lim Wee Chai, managed to further narrow its gap with Hartalega amid the outstanding run of its shares.

The counter jumped nearly 22% before settling at RM15.54 at the closing bell — still it was up RM2.24 or 16.84% to emerge as Bursa’s biggest gainer.

Investors also rushed to Top Glove’s structured warrants, with 11 of them listed among the top 30 gainers across the bourse market today.

Hartalega, meanwhile, was the fourth biggest gainer on Bursa Malaysia, with its share price settling up 64 sen or 5.1%, having gained 7.66% earlier.

Top Glove and Hartalega shares have gained by 116% and 78% respectively over the past one month. In the last five trading days alone, the shares have risen by over 30%.

Looking at historical valuations, Hartalega has managed to maintain the status quo of outpacing Top Glove in terms of market cap after it overtook Top Glove since 2013.

In August 2018, Hartalega was even seen to out-value Top Glove by RM9.3 billion.

Nevertheless, with Top Glove managing to close the gap by some margin — the difference currently stands at about RM4.08 billion — there are some with the view that Top Glove will soon retake the pole position as the glove manufacturer with the largest market cap.

According to Bloomberg data updated in May, there were 12 “buy” and one “hold” recommendations for Top Glove, with target prices (TPs) ranging from RM9.20 to RM20.50, implying further upside to its share price, judging by the best-case estimate.

Meanwhile, for Hartalega, there were eight “buy” , 11 “hold” and three “sell” recommendations, with TPs ranging from RM5.95 to RM11.39. The top range of the TP might suggest that Hartalega's upside was seen limited.

Five other glove makers have joined the Monday frenzy to hit fresh highs. Of the top 30 gainers across Bursa Malaysia, 20 counters were glove-related stocks and warrants.

Rubberex Corp Bhd jumped 98 sen or 27.53% to emerge as the third on the list. The counter closed at RM4.54 for a market capitalisation of RM1.26 billion.

Comfort Gloves gained 58 sen or 16.02%, putting it at eighth on the list. The counter settled at RM4.20 for a market capitalisation of RM2.45 billion.

Kossan Rubber Industries Bhd was the 11th largest gainer with a 43 sen or 4.94% jump in share price to RM9.13, giving it a market capitalisation of RM11.68 billion.

Careplus Group Bhd was at 13th place, with a 42 sen or 30% gain to settle at RM1.82 for a valuation of RM967.07 million.

Glove dipping line manufacturer HLT Global Bhd, which also has a glove manufacturing arm, hit a limit-high of 30 sen or 51.28% to settle at 88.5 sen, valuing the group at RM453.12 million.

Since IB control margin, JN88 sifu decided use all cash to buy, JN88 sifu will sell my underwear to buy...

别人恐慌，我贪婪。!!!!!!!!!!!!!! You all invest so many years Warrent Buffer theory also dunno how to apply...

shpg22: aiyo..you are from which sifu? dont look at PE look at business...

okay lo, since you want total PE then you tell me why PE so high?

Listen to JN88 sifu sell your underwear and buy more...

Bank loss money in warrant, that's why need to slow down their mother...

steady so bibi

who care the bank caping...i care the business only

JN88 sifu bought more at 14.3....thank you very much arigato kozaimust

who panic sell here?

haircut cut your bird la...purposely want haircut so can buy cheaper...

Topglove will see green first

sell more pls

Huat ar!!!!!!!!!!JN88 sifu sapu more thank you..

Greedy444444: Which sifu teach you the fundamental?

MichelleNg: Heng Yuan ?? hahahahahahahahhahahahahahahahha

300-500 million net profit

Top mask margin higher than glove...

Total 35% glove from Topglove apa mau lagi?

will break 50 billion market cap

Aramco; US and Hk riot....more people get hurt, after hurt they will visit Hospital. Doctor need to use more gloves. So higher Topglove can go.

No rm20 JN88 sifu cut bird!!!!!!!!!!!!

Top glove, Top feel , Top mask.

Base on all the analysis report by investment bank and all sifu sifu .....JN88 sifu find out 5 more important key points they miss out....this is why Jn88 sifu very confident Topglove will reach Rm 20 very soon...anyone here want to know the reason?

Steadybombibi?? Harry Potter group?

YTH888: why you buy so high? my cost onlt Rm 1+ ...aiyoyo

JN88 sifu decided to sell all Kossan share....let their management buy kossan shares...

who is millionare here?

People a jump to comfort supermx and ruberrex

MatthewBong TP 48 just matter of time

Topglove waiting report card only....bonus issue soon...

OMG...

RainT: we give base on business data...not simply said....if you dunno how to count...give me rm 899 tuition feee i can teach you...

RM20 by year end...

Undervalue

How big?

okay break already...hahahaha