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2023-10-10 14:24 | Report Abuse
Hoho see the Insider handled the worker hostel issue with the HR minister, too proud n too arrogant.. openly asked the Minister to visit his shown hostel photo in FB …
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2023-10-10 12:29 | Report Abuse
Hoho wow FYE22 Dividend RM 0.0120 … FYE23 Dividend , satu biji Telur 🐍sawa …
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2023-10-10 12:19 | Report Abuse
Hoho alamak changing So Fast le .. 1st said in One month all in … 2nd said FY25 … now ..
Posted by 0007 > 3 minutes ago | Report Abuse
I will continue top up at price range 0.70 - 0.76 than keep, this tg can keep for short terms 1- 2 years.
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2023-10-10 12:17 | Report Abuse
Hoho Top Glove insider is the Worst , why ?? Why spent RM 1.42 Billion on SBB after issued Bonus shares on 1 ordinary share for 2 Bonus share …
Better give as Dividend to shareholders…
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2023-10-10 11:54 | Report Abuse
Hoho Cham lor … broke Rm 0.76 broke 2016 Lowest ( RM 1.14 to RM 0.76 ) , 2015 ( RM 1.14 to RM 0.38 ) as posted earlier..
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2023-10-10 11:53 | Report Abuse
Hoho recalled that during 2021 , EPF lent 20 million TG share to Shorties … TG is so famous with its utilisation of RM 1.42 Billion on SBB after Bonus issued on the basis of two (2) Bonus Shares for one (1) existing ordinary share
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2023-10-10 11:44 | Report Abuse
Hoho VWAP from 0.205 to 0.206 to 0.210 …
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2023-10-10 11:33 | Report Abuse
Hoho 1st son of 88 Gang why So So fast deleted yr post ???
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2023-10-10 11:21 | Report Abuse
Hoho Satay Ular le … kena bakar kaw kaw le … hahahaha..
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2023-10-10 11:14 | Report Abuse
Hoho 88 Gang ke …the 1st son je ?? Son of course useless dead lo as maturity on December 2023 …
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2023-10-10 10:08 | Report Abuse
Hoho Cham lor … broke Rm 0.76 broke 2016 Lowest ( RM 1.14 to RM 0.76 ) , 2015 ( RM 1.14 to RM 0.38 ) as posted earlier..
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2023-10-10 09:59 | Report Abuse
Hoho earlier ask ppl buy with all in wow in One month Shl be better return than Bank interest rate wow , why changed so fast … those follow if Loss can Sue you le ..
Posted by 0007 > 3 minutes ago | Report Abuse
Buy to keep till 2024/2025.
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2023-10-10 09:56 | Report Abuse
Hoho why don’t u said keep until 2035 ….hahaha
Posted by 0007 > 3 minutes ago | Report Abuse
Buy to keep till 2024/2025.
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2023-10-10 09:55 | Report Abuse
Hoho when TG price is Up , Shorties are active :
Top Glove
Total Net Short Positions :
6/10 : 23,158,634 0.28 %
9/10 : 23,315,634 0.28 %
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2023-10-10 09:27 | Report Abuse
This article first appeared in The Edge Malaysia Weekly on October 9, 2023 - October 15, 2023
Top Glove Corp Bhd’s downward spiral continues. Last Friday, the world’s largest glove maker by output, announced its biggest quarterly net loss of RM463.15 million for its most recent quarter ended Aug 31, 2023 (4QFY2023), mainly due to impairments amounting to RM389 million.
Even after stripping out the impairments, Top Glove remains in negative territory, posting a net loss of RM65 million — its fifth straight quarter of losses — hit by excess capacity and falling average selling prices.
Top Glove has maintained that the goodwill impairment of RM138 million and the impairment and write-off of property, plant and equipment of RM251 million was a “one-off” action and has no impact on cash flow.
Still, the latest writedown exercise has put the spotlight on the aggressive share buybacks Top Glove undertook over the past three years to defend against selling pressure on its shares amid falling glove demand. The company spent as much as RM1.42 billion at one point between October 2020 and February 2021.
Critics have pointed out that management could have opted then to return the excess cash to shareholders as dividends, or used the extra capital to prepare for rainy days as the supernormal demand for rubber gloves because of the Covid-19 pandemic in 2020 would not last forever.
As it is, the company’s cash pile has been depleting, which could prove more challenging for the glove maker to ride through a prolonged period of overcapacity. Its cash and bank balances stood at RM290.1 million at end-August 2023, down from RM437.6 million a year earlier. At the same time, its non-current assets were RM5.37 billion versus RM6.01 billion a year ago.
Shares of Top Glove have fallen 16.6% year to date to close at 75.5 sen last Friday, giving it a market capitalisation of RM6.05 billion.
Following the operational rationalisation exercise and a review of the group’s income-generating assets, minority shareholders and investors will be keen to see how quickly Top Glove can reverse its fortunes.
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2023-10-10 09:23 | Report Abuse
Hoho why miss the opportunities on other stocks :
PETALING JAYA: Top Glove Corporation Bhd anticipates an improving trend in average selling prices (ASP) of its gloves and to turn profitable by financial year 2025 (FY25).
Executive chairman Tan Sri Dr Lim Wee Chai said that since ASP have hit an “all-time low”, he expects demand for gloves to gradually improve.
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2023-10-10 09:01 | Report Abuse
Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ > 1 week ago | Report Abuse
osted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ > Sep 27, 2023 6:29 AM | Report Abuse X
Blog: 10 ANNIVERSARY IN i3 INVESTOR FORUM (LOOKING AT PM CORP PERFORMACE) Calvin Tan
https://klse1.i3investor.com/servlets/forum/608694619.jsp
When Calvintaneng created this thread, it was an interesting heading. He obviously was highlighting his 10 years involvement in i3 and in particular highlight PM Corp performance.
My study of investor behaviour and psychology means another wealth of information on this topic can be gained from studying his posts in the early years of his involvement in i3, particularly in PM Corp promotion.
Not surprisingly, it was a treasure house to study behavioural finance.
I was interested to understand what happened to PM Corp before calvintaneng's promotion, during his promotion and after his promotion of PMCorp. Also, how the readers reacted. How sophisticated were those who followed calvintaneng? How did they make their investing decisions? How good was calvintaneng's PREDICTION or PROMOTION of this stock? Given his unopposed promotion, how effective was his style? How easily or how difficult it was to promote a stock? How many contrarian views? (Actually, I discovered during the early period, very few actually. But the few who expressed were very good, in particular, Fabien. I subsequently studied Fabien's approach in investing from his/her posts in this site.)
For the early posts of PMCorp now being ?deleted or ?not accessible, just points to only one thing. calvintaneng was not proud for his early promotion of PMCorp to be revealed and dissected objectively and factually.
There he goes again, just promoting and as Mr. See mentioned, boasting.
3iii
To our administrator in i3
My thanks to you on your thankless role.
However, our administrator in i3 should be more careful in looking at issues from many aspects before complying to requests of one group or another. I have never flagged any one in this i3 forum. If they are proud of their postings, they should let these remain forever. If they are not proud of their postings, why posted in the first place?
calvintaneng
51,299 posts
Posted by calvintaneng > 1 week ago | Report Abuse
This 3iii has caused the bankruptcy of investlah members by pointing people away from Pm Corp when it was below 20 sen and as a result they gone punting in stocks like Patimas and Sumatech
finally www.investlah.com also closed shop
i3 Admin Team better be very careful now
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Stock: [TOPGLOV]: TOP GLOVE CORPORATION BHD
2023-10-10 14:38 | Report Abuse
Hoho purely on common interests or conflict of interests…