How to get RM45B when ASP starts to drops now. The company will be happy if can make RM1bn per annum in 2023

Since UK starts vaccination, Those who took 1st Jab on Pfizer, rate of infected and admitted hospital has drop by 75%, Those who took 1st Jab Astrazeneca, rate of infected who needs to admitted to hospital has drop by 94%. So far, 25% UK adults has taken 1st Jab. Estimate by End Summer 2021, UK will reach Herd immunity when 70% or more take the vaccines. This is signs for ends of century Pandemic? ASP for Glove now has drop to USD61/1000 pcs and estimate will further drop to USD40 by end 2021. When Covid is over, price for Nitrile glove will be back to 2019 price of USD 20+ or even lower. Base on previous Top Glove PATof around RM0.5Bn. Top Glove Profit after tax will drop around this level or lower due to potentially oversupply and dropping demand. With optimistic PE of 20. The market cap will drop to RM10bn. At RM5.23, Top Glove current market cap stood at RM43bn. This indicates there will be potential drop of 10/43 x 5.23 = 1.216!. Under optimistic assumption, let assume Top Glove has extra ordinary marketing team and able to grab most the glove customers Post Covid. Their optimistic profit probably can still increase by 127% to RM1bn profit after tax compare to Pre Covid in 2019. The max market will be RM1bn x 20 = RM20bn. The potential Post Covid Top Glove price can be RM20/43 x 5.23 = Rm2.433. Earning per share will drop to RM1bn/8.2bn = RM0.1219. With 50% pay out rate. Those who still holds Top Glove post covid shall expect around RM0.06 dividend per year.

This is not a buy or sell call. But just to share what is the potential risk for those still in this counter. Good luck.

@RainT, Matrix is selling affordable and value properties. Their sales during MCO even raised about 45%. So, why should they have impairment when their properties are so hot in demand?

The RM5m pilot project Building Information Modeling in Spore has begin trials last month. By end of the year, Spore will decide whether to proceed to extend another 6.75 years for value of RM120m. If contract extended, This Citynet project will contribute Revenue around RM17m and net profit at least 12.75m since Software has minimum overhead. This will translate to additional RM0.011 profit. At conservative PE 30 for high growth company. This project itself will worth 30x 0.011 or RM0.33. Plus EMR, SELENA+.....Those who long Novamsc can start sweet tonight.

If the Pilot project of this NS EMR successful. The total value of this project is worth RM1.5bn. The potential bidders for EMR is Dsonic, Novamsc and HTPADU. But Novamsc has the upper hand since Novamsc is the only MSC company and they already worked with HSC for EMR and HSC medical centre was officially opened by MOH in 2003.

https://codeblue.galencentre.org/2020/07/30/moh-starting-electronic-medical-records-pilot-project-in-negri-sembilan/

That’s for sure. Anything below 0.11 is only insane people will sell

tuapui burnt badly. He bought 0.11 and sold down to 0.075. Actually must thanks him for selling his stocks to us.

why RM4? If can reach RM0.40 I'll day day celebrate CNY

Waste time and money???
I bought at 0.03 10 months ago, patiently wait till now. Today my paper profit is 283% or 28.3% per month. Is there any other better investment that I haven’t know?

@ Tuapui This counter has been sleeping so long... dun waste time and money

@Yogibear126, you are really shortsighted. If you are speculator. Sunway not for you . Sunway is for real investors who can wait

Managed to buy some. Still queuing at 1.48

Today open more than 7 and may end at 8 or higher

@HIGHCHAPERAL. 1st, lesson without license is illegal. 2nd, If company like TG, Supermax.... cannot perform, small fly glove companies can perform? Another conman/chonker..

Now EPF have switched from Pandemic counters to Recovery counters. Bankers, Trading, Properties...

For those who are involves with Glove between March till September. All are happy gainers, for those I see still involves in Glove even though they started in March. more than 95% now are starts to lose money... You know,I know and the operators know that glove will not sell as good and maybe worst than 2019 when Covid -19 is over. Think carefully whether the operators will be the last one to leave the glove stocks.

Top Glove Undervalued at current price??? you must be kidding. TG has 8 bn shares issue, NTA per share today only RM0.69 (after RM0.16 dividend will adjust to RM0.53). Even if it can make RM10bn a year, that only add in RM1.25 to NTA. When the revenue starts dropping, I bet you will said Top Glove is overpriced. Good luck for those still believe Top Glove is undervalued...

@SCK82, Where you got the news?

journey to RM5

Uptrend Chart is formed today, 0.60 on the way

@kd88, you stuck at Mah Sing and AT ? or you mean the new glove that these companies make smell nicer? If the top 4 can’t perform, you expect the small baby Mah Sing and AT can perform? Glove is probably game over ...

Russia just announced they roll out two vaccines and will cover 90% of their population by 1st quarter 2021 and achieve herd immunity. By 1H 2021, most advance countries will have more than 50% citizen vaccinated and likely have herd immunity. If that happens, the market will foresee many cancellations or default order contract. Good luck for those still believe in glove

you all really enjoy waiting for 0.08-0.085. Keep it up

managed to buy some at 1.55 and sold PA at 1.22

Christmas Sale over, but post Boxing sales. Sunway, WB and PA Still good bargain..

big harvesting these two days. Christmas sale over soon

Year End Sale...

to pay a coupler cents higher to accumulate now is always better than just waiting for price never match. Keep it up.. cheers

@Investsucess Trader, hope you enjoy waiting

LCTitan as strong as Sunway. Buy more LCTitan

Red Dragon, Don't worry. No many have same far sight like us. Still managed to get some at the price I put

Managed to add more 0.095

Price retreat, good opportunity to add PA and WB

this guy must be stuck at Sunset glove stock can’t sell come to Sunrise stock LCTitan looking for help? Here are all LCTitan smart investors, don’t waste time here.

@liewkamchong888, Sunway has been heavily undervalued due to Covid 19. fair value shall be 1.8 now. So, TP1 should be 1.8, Next year TP 2.5 if SMC deals successful and TP3 3

queue on 0.095

Tan Sri LSC acquired more than 6m shares 5 days consecutively from 7/12-14/12. Good indication

Why think so much, like woshigushen said, Hoooot 99 eeeee

By Oct 2023, Conversion rate should be 1.35 not 1.28. Anyway, 1.35+0.275 is only 162.5 or just 3.5% premium for almost 4 years expiry. A normal healthy company’s warrant should have at least 15-20% premium for 4 years expiry. Is a real fire sales of the decades

Heard currently Potential Investors for SMC stake is carry out due diligence. Hope can conclude soon.

YES, Sunway PA will only enjoy fix dividend of 5,25 cents for first 4 years. CGS-CIMB offer 100% margin for Sunway but only 80% margin for Sunway PA.

Add more today, waiting to harvest at above RM1

@trader808, what clue you need? The world is funny, most people only want to chase high but scare to buy cheap. when the price drop, they start to feel panic. These people are usually ignorant and will panic sell at unreasonable low price without knowing the reasons. Most likely some group leads the sell down so that they can buy in later. For me, I’ll wait and see how low these people will sell and will starts buying when ever I have spare fund. After all, I wish I can sapu everything but too bad I can’t afford.

Sorry wrote Top Glove here, but WealthSoWonderful try to Misleading readers here. So I wrote something to tell him don't waste time

Sorry wrote Top Glove here, but WealthSoWonderful try to Misleading readers here. So I wrote something to tell him don't waste time

@ Ali Baba, yes, price will adjust accordingly after receiving Dividend. But, normally before dividend Ex, price will also move up. So, it will not have any significant effect unless Sunway is using Reserve to pay dividend but not Current profit to pay dividend.

Top Glove before pandemic, Quarterly profit after tax is just 110m+. After Pandemic, very likely PAT will be lower than Pre Covid level cause demand for glove will slow down, over stocking and too many production lines. But, let assume Top Glove can still play the magic and can make 227% times higher that pre covid level. Then quarterly profit Post cover will be 2.27x110m = 250m. 1 year will be RM 1bn. Sounds a lot?

When Profit grow is slowly down, Valuation also drop and PE of 20 is consider highly expensive. Let's assume Top Glove still can get PE 20. Then, market capitalisation will RM 1bn x 20 = RM20 bn. At current Top Glove price at RM6.90. The market capitalisation is RM56.5bn. That means , the potential drop is RM36.5bn or drop 64.6%. The potential optimistic price of Top Glove Post Covid will be RM2.44. So, Think twice or even 20 times before you invest in Top Glove now

Top Glove before pandemic, Quarterly profit after tax is just 110m+. After Pandemic, very likely PAT will be lower than Pre Covid level cause demand for glove will slow down, over stocking and too many production lines. But, let assume Top Glove can still play the magic and can make 227% times higher that pre covid level. Then quarterly profit Post cover will be 2.27x110m = 250m. 1 year will be RM 1bn. Sounds a lot?

When Profit grow is slowly down, Valuation also drop and PE of 20 is consider highly expensive. Let's assume Top Glove still can get PE 20. Then, market capitalisation will RM 1bn x 20 = RM20 bn. At current Top Glove price at RM6.90. The market capitalisation is RM56.5bn. That means , the potential drop is RM36.5bn or drop 64.6%. The potential optimistic price of Top Glove Post Covid will be RM2.44. So, Think twice or even 20 times before you invest in Top Glove now

@ Ali Baba, paying dividend to Sunway PA does not affects the Sunway Share price.

Before the Ex date for Sunway PA to entitle for Dividend of 5.25. Sunway PA is call Cum dividend 5.25 cents. At Ex date, the Sunway PA is call Ex dividend. That means Sunway PA price will adjust by 5.25 or 5.5 cents after Ex dividend. No adjustment to the Sunway Mother share.

@ Ong Yee Hor
when sunway pay dividend to sunway FA i think sunway mother price also will be adjusted right? Thank you