@fatguyman, pls send to me also.. k.jhin3@gmail.com
Thank you so much

So far they only posted one time a very small gross profit for HLRI since their acquired. They main customer are from Taiwan, if no mistaken taking up 70% of their rubber glove sales. However, they still recorded losses and sales volume decrease last quarter where it's the peak for Taiwan Covid-19 fight :))

Their sales 70% is to Taiwan ? Is it by contract based or ?

If HL rubber is selling 50 usd / Carton average for April-June, based on 1.1bil production capacity and 55% ownership in HL rubber, we will be looking at 10mil profit after tax, which will bring HLT to 2c EPS. At this point I just assume glove dipping business around 1.5mil profit

Foreward PE 20 = 1.6
Foreward PE 30 = 2.4

If they selling higher than 50 usd, the result will be fantastic. So far HL rubber already not taking any new orders. Could be either business close down or too good business, what’s your opinion ?

Just now called HL rubber and ask for glove supply, they said already no stock and all orders are full. Good business not accepting new orders from local

This stupid kyy, run to top glove already then say supermx not good top glove better. What’s with his previous calculation ?
Simply he want to goreng top glove then say top glove better due to higher capacity and didn’t increase as much as supermx.
So disappointed with this guy.

What a punishment for those who sold in this morning expecting there will be selling pressure during the evening. From now onwards can only buy expensive ticket hahaha.

Yes most likely, which is also a good thing as the icps is at premium price compared to mother

Director acquired 168mil preference shares on 22 June, good news coming ?

Company reserves at 150mil, market value 138mil only. What a joke. Seriously undervalued company. Someone Buy it over pls

Any news from AGM?

Top glove posted 357mil Q3 Nett profit today.
Surpassing most of the prediction from investment banks and sifu.
Why does it drop instead of sky rocket ?

If today quarter earnings is around 250mil instead of 350mil, it probably will go up instead. Why do I said so?

When the earnings is much higher than the forecast, banks have to reorganise their allocation of mother shares and the amount of call warrant they’ve sold to the market. By having 350mil Nett profit this exceeds their estimation and they have to recalculate and revise their TP.
If today Top Glove shares spike up without having controlled, all the banks which issued call warrants will suffer big losses, even the profit from the mother share will not be able to cover the losses in their call warrants, hence they have to buy back their warrants and add their mother shares holding in order to earn money.

Even the IB knows the result is fantastic and will bring this company share price to a whole new level, but they have to control the price and reorganise before moving forward. Now We have to wait they collect enough of the shares, otherwise it will be another big drop to create panic sales again.

To those who believe in Top Glove will be able to achieve even higher results in the next quarter, just hold on to your ticket and ignore the drop. Or you can collect more if still have bullet. I won’t be surprised if there’s another huge drop by announcing some bad news. In the long run as long as Covid still exists, top glove achieving rm25 is just a matter of time.

Above statement is just my personal assumptions and not a call buy or call sell. Trade at your own risk.

Kempen pemilikan rumah sehingga rm2.5mil
This is already consider HOC
No stamp duty required for 2.5mil and below house.
3rd property owner no longer restrict to 70% loan, can apply higher margin.
Removal of RPGT, all is good news

Today probably won’t limit up, the banks have yet to collect enough tickets, but next week surely will touch rm1.

IB are collecting, if sudden spike they might push down the price again, remember don’t panic sell anymore and let them eat your ticket.

After this event could happen two things
1. The remaining holders will be cash user which will be more stable
2. Margin investors will jump to other counter which is not affected, especially hlt & adventa

Today all glove counter drop mainly due to bank cut borrowing to investors for all the main glove company.
Healthcare related company has increased 100%-400% since the start of this pandemic. Definitely market will be panic when bank announce this, worrying the price will go back to square one, causing many panic selling in the morning.

However as you can notice, market is slowly getting back confidence on good fundamental counters and the share price has been steadily moving upwards after lunch break. In fact can notice collection of shares especially HLT after lunch break, this news make them able to buy at lower price compared to RM1 this morning.
Banks revised even higher TP for the major glove counter even though they had set a cut on the financing to customers. Perhaps banks would want to collect more shares so the crazy uptrend has to be cooled down a bit before another ride.

I believe the share price will swing between 0.8-0.9 few days and will then move upwards again. The big guys are not out yet, the sudden drop today is caused by mostly margin players. Once shares are collected enough, it will move to try to break RM1 once again.

By the way the director who disposed his share today had also acquired shares, it’s not necessary that he’s selling his shares because the QR is not good. It is always not wrong to take profit.

Good closing today at 0.84 despite all other glove counter dropped 10-20%

Unless today able to close at 0.9x, then more ppl will have more confidence with warrant, will make correction to 0.2-0.25 difference

Warrant need time to convert to mother, so the price usually will maintain at a safe distance if mother suddenly up too much.

HLT-WA will wait mother share price stable, then will follow at exercise 0.2, now is consider cheap.

If tmr drop Below rm2 I’m willing to enter.

This is just standard procedure. Normally after freeze for 1 day, the next day will continue surge as the momentum is strong. Unless bad news came out regarding this counter and cause panic selling

HLT is a fundamentally strong counter, they have the patent license for triple former glove dipping manufacturing. With all the big companies expanding their business and production, HLT can help to boost 30%-50% capacity by upgrading their production line. Forecast a very good year for HLT.

During February CEO Madam Chan mentioned they had a lot of orders from China during the outbreak, so the Quarter result should be fascinating. However they might also spend on R&D on the triple former manufacturing which is good for future business. If they spent a lot on it the quarter result may reflect lesser profit than it supposed to be, but revenue should be much higher.

Other than glove dipping business they also own HL rubber which produce 1bil glove production and that’s before, they can easily increase production by installing more glove dipping line.

From the annual report we can notice the glove dipping profit margin is even higher than glove production, with the expansion going on for many glove company, I’m expecting profit more than 20mil for this financial 2020, which will bring down this counter PE to 20+-.

Suggesting Future PE around 30-40
My TP for this counter is RM1.2
Second TP RM1.6

Son still consider cheap now at 0.635, should be Worth 0.685 @ exercise price +0.2

Please add me too paktua..

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