Huat ar...

You only can compare JAKS with Hengyuan

Only sohai compare v JAKS haha.....future power plan ar??

Let JN88 sifu tell you a story: why Tan Sri Want to take legal action to these two cheater and company.

1st: Tans Sri Sibeh beh song. Tan Sri each quarter earn 100 million. So he got power to beh song.
2nd: once legal action take, I think no people will look at aspion and these two director anymore. Yes these two director very rich now, but reputation is gone. They only can huge the cash, if want to do business very hard.
3rd: topglove Sibeh rich, they may turn into long term sue and play with these fews parties. The longer time it take , more good to topglove , because top glove Sibeh rich.

All in all Mr Lin want to due and huge until these few people exhausted of cash.

Lol..... Everyone want to buy low o

The best performing as compared v other 4 steel counter.....

Public bank collected at 3.00 ....wakakakaakakkakakakakaakakkakakakaak

Warning: buy.

Asdfghjkl: change your prediction to action, then action turn to money.

go go go ah chai go go go...

M16 standby

When go down... Must rap the counter.....

Today is the day.... Rm15 or RM8

Nanyang give TP 9.90....buy before too late....
Last time give TP 8.5 .....so top glove up to 10.7

Nanyang report target TP at 0.89.......guys run before too late......

Nayang report target TP of TOPGLOV at 9.90 ....guys buy before too late.

Your story very good.... but description and outline of this story not nice......learn from Tykoon and Icon better.

Now you all only know very strong future ar???

Monday buy cheaper...kekeke

When rm3.8....topglov revenue will be break another 30%........

not rm 6....should be rm60

Totally no support at all tomorrow TP 6.0...

That is not battle.....hand changing that involves more small kaki...if not cant up....

Go go go TP15

10.22 is a price that humiliate this counter and investors..... TP rm15 intact..

Listen to JN88 sifu ....hold until your father cant recognized you..... forget about the oil price for one month.

When you friend sifu say buy....u fast fast selll

titus: after his sifu give sell signal come .....you fast fast sell to your friend.

sold all free up all capital....thank you mini petronas.

wow hahahaha lolo wahahahaha

Shark ady sold more than 50%

I say thank you to you....

Go go go high profit ....help me push....

Masteel is the best among other 4 steel coyunters...wakakaka you can see more sohai will come this counter.

Listen to JN88 sifu.....who said the CEO will resign??? I guess the CEO will say yes yes yes.....

If E&P listing= no EPF, KWAP and PNB support??? Answer> go Holland

If Right Issue= no EPF, KWAP and PNB support??? Answer> go Holland

So these few days Tan Sri cant sleep well

PNB , EPF.....and many so will bring down Tan Sri....no worry... how they going to bring down.....tell you all when i free.

Dont go first ...not yet finish sapu ooo.

1st SohXi...

An imbalance in supply demand is expected to manifest in 2019 with the glove players expected to increase supply by c.14% (annual global demand growth of 8%-10%). The RM is expected to be weaker in 2H18 which augurs well for the sector whilst the reversal to the SST regime will yield a neutral effect. We expect the glove players will apply for and receive an exemption for SST. We maintain our NEUTRAL sector rating. We downgrade Karex to a Sell given the recent share price run.

Capacity. We estimate that the top 4 in the glove industry will have increased capacity by c.11% in CY18. At this juncture we believe that the supply demand dynamics remains balanced as the excess supply has been mopped up as evidenced by the higher utilization rates experienced by the sector in general. However we do note that an imbalance is expected to manifest in 2019 with the glove players expected to increase supply by c.14% (see figure #1) which outstrips the expected annual demand growth of 8%-10%. However, in view of the oligopolistic industry structure, we do not rule out the possibility of glove players’ eventually expanding capacity in a more gradual manner to avoid price competition.

A weaker RM. The RM is expected to be weaker in 2H18 which augurs well for the sector in maintaining its cost competitiveness against its regional peers (despite the RM being the better performer against a basket of EM currencies). Our economics team revised its exchange rate projection to USD/MYR3.90-4.10 for the rest of the year (previous: USD/MYR3.85-4.00) which is within our forecasted range. Within our coverage, Top Glove is the main beneficiary of a weaker RM (stronger USD) as it has the highest exposure to NR latex gloves.

Migration to SST. The reversal to the SST regime will yield a neutral effect to the glove sector as it is mainly export driven. It has been guided that as per the previous SST regime, the glove players will apply for and is expected to receive an exemption. Thus the migration from GST to SST is neutral to the sector. Furthermore, based on the recently released proposed SST exemption list, many (if not all) of the core input costs used in the manufacturing of rubber gloves are exempted.

Minimum wage. The PH government mentioned in its GE14 manifesto to increase minimum wage RM1500 (from RM1000). At this juncture the government is expected to announce their decision on the minimum wage by Aug. We understand that the increment is staggered and that there will be a government subsidy component. As always, the increase in costs will be passed thru to the customers. However we can expect a temporary negative impact to margins as the glove players take time to renegotiate prices. We estimate that the impact to net profit ranges between 1.5% - 2% for every RM100 increment in minimum wage.

Raw materials. We expect the price of nitrile to increase moving forward on the back of renewed strengthening of the price of oil and stronger demand from China. As such, nitrile heavy players such as Hartalega and Kossan would be negatively impacted. YTD the price of butadiene (a core component in nitrile manufacturing) has increased by 48.8% YTD (see figure #3) outpacing the price of crude oil (+9.4%). We expect the price of natural rubber (NR) to remain low for the remainder of FY18, averaging RM4.00-4.50/kg, (YTD average: RM4.57/kg; 2017 average: RM5.92/kg) assuming no supply disruption (see figure #4). This is primarily to the benefit of glove players with a skewed product mix toward natural rubber (TG and Supermax).

Downgrades. We are downgrading Karex (TP: RM0.86) to a SELL from a HOLD given the recent run in share price. Although management will have instituted margin improvement measures and ASP’s are on the rise, we note that earnings outlook remains soft on the back of a higher overall cost structure as the group builds its OBM segment and make inroads overseas. We also take this opportunity to downgrade Kossan (TP: 3.84) to a SELL from a HOLD due to valuations.

Valuations. Valuations remain lofty with the sector trading at 35x or 2SD above 3 year historical mean (see figure# 6). We note that further upside could be capped due to a more flattish outlook on earnings in 2H18. However downside risk to the sector could be limited in 2H18 due to the “export play” factor and capacity expansion led earnings growth.

Maintain NEUTRAL. Maintain Neutral on the sector as we believe that share prices will be supported by inclusion into key indexes (MSCI and KLCI) for Top Glove and Hartalega amidst the backdrop of a weakening RM which augurs well for the export players in general. Nonetheless, with valuations remaining lofty and expected downward pressure to margins arising from wages and raw materials (Nitrile) will in our opinion, cap further upside. Our preferred stock for within the sector is Top Glove (TP: RM9.92; HOLD).

Source: Hong Leong Investment Bank Research - 24 Jul 2018

Ady up so much.....up your head......

The Aspion if win hor ....tiba tiba TOp glove get more RM700 million.....

If Law case win hor shot to RM15 within one months(eating popcorn watch movie)....If loose hor shoot below rm10 within 2 minutes >>(stop eating popcorn buy more)...

SO, no matter what as long as die die hold this counter.... your grandchildren will thanks you.

APA MAU lagi TAKUT APA LAGI

Law your head la.... The Aspion incident ady factor in the share price.... now the USD and demand of glove increasing, Topglov will be number 1 beneficial from above.

Next few weeks hor, you will see many fund manager tok1 , tok 2, tok3 about TOPGLOV......kekeke

Very sad Today the CEO earn another 200k.....

RM200k salary perday= RM10k / hours

No need to worry shark........we sailang....later shark also follow us sailang...wakaka

RM VS USD 4.0675.....apa mau lagi??

Shark blocking at 10.40...everytime same pattern boring

wow...wah ooooorghhh wow wow wow...

Follow JN88 sifu....let we chiong to RM11..... avoid the noise..... chiong arrrrrrr

Support support......I believe both of you sailang already...

StockGambler: if got person know the answer then he or she will be Robert Kuok.

Cancel is good, this project is created before GE14. How you know later these two companies doing something wrong

RM6 is too less..