What you people really need to be Upset about is the Structured Warrants. That is the flimsiest excuse of the IB's use to supress prices and from time to time issue ' Analysts' reports giving target prices that seem like my shobhi blurting out Oil prices. Bloody creeps IBs. I insist on a 'Credibility' Rating for all Investment Banks operating in Malaysia

The Share Buy Back is nothing surprising. The company had already taken shareholders approval to buyback upto 10% of its shares. 10% is 800 Million shares.
The treasury shares will be used to list in Hongkong. My sense is bby the time of the HKG listing Top Glove share should be around RM 25. I have no idea why you guys are so paranoid about the company's fundamentals.

This could lead to further hike in ASP for Gloves

With Top Glove production likely to be affected by the infections at their factory there will be a furthur shortfall in supply in an already sparse supply situation. Remember Topglove is the world's largest producer. A 20% drop in their production translates to approximately 12-13% drop in Global production.

Please all rise and demand a BAN on Structured Warrants.

The only way for the Glove counters to go up is for all retail investors to buy. At the present rate of QoQ profit growth, a PE of 55-60 is reasonable. There is clear visible earnings for the next year atleast.

.

SUPERBULL, YOU HIT THE NAIL ON THE HEAD BRO !
Structured Warrants are the biggest scam on the planet. They are banned in the US and will probably be banned globally soon. Contract For Difference ? What a SCAM.

We are the fools. We let the IBs take us for a ride. Vaccine or not, gloves are still needed atleast for another 2 years. If we Investors have confidence in the demand we should all buy.

So guys, what happened ? Have the Vaccines reached Port Klang or KLIA yet ?

Posted by TTD1990 > Nov 10, 2020 10:05 AM | Report Abuse

I tell u, Malaysian retail investors are the stupidest bunch. Vaccine not even in Malaysia yet, already overhype. Gloves doing so well with market all over the world, and record profits, blh down, aiyooo
_________________________________________________________________

@TTD1990, Vaccine not even confirmed 100% effective, forget getting to Malaysia :)

AirAsia sure needs a Vaccine for it's aircraft. Something like a Viagra Booster shot

You use condoms also to avoid getting venereal disease

Also, Pfizer has been producing vaccine on the sidelines without Authorisation. They need somewhere to sell to. I ask all of you plugging this CONCEPT of a vaccine, " WILL YOU TAKE THIS VACCINE AS A TRIAL "?

MF0001, What VACCINE ? Early stage trials with 9 people given the vaccine and the others getting infected. Where is the data on effects, side effects, etc ?

Ssoo,
Simple. Most of the people on this forum are only passing time, not buyingthe shares. If all of you just bought the shares the price will go up.

The IB are responsible for the retail investors losing money. No doubt about it. The system is designed to favour the Investment Banks, Brokers

Ronaldh, don't bother with that literal ' Noise '. He is paid to talk crap. By the way, 10x Speed is sound is still not faster than the speed of light. Lighten up

Net profit of RM 1.89 Billion equates to RM 472 Million in taxes.
100 Million in Voluntary Donation is tax deductible meaning Counted as Tax Paid. Where is the problem Mr. Speed of Sound ?

Vanbasten, yes I will for sure

100 million net profit equals 25 Million in tax anyway. So what's the difference ? The payment is tax deductible.

There is nothing to worry about. Whatever is paid is considered tax deductible. Assuming a 25% tax rate, 4x the amount paid is tax free. Good for the company and good for the country.

https://shrts.in/MAsP

WHO advices " We must prepare for the next pandemic"

I guess that means governments are advised to stockpile Gloves :)

WHO advices " We must prepare for the next pandemic"

I guess that means governments are advised to stockpile Gloves :)

https://shrts.in/MAsP

WHO advices " We must prepare for the next pandemic"

I guess that means governments are advised to stockpile Gloves :)

https://shrts.in/MAsP

https://shrts.in/MAsP

WHO advices " We must prepare for the next pandemic"

I guess that means governments are advised to stockpile Gloves :)

Posted by mf > Nov 5, 2020 1:59 PM | Report Abuse

04-Nov-2020 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 1,000,000 shares on 30-Oct-2020.
04-Nov-2020 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 496,400 shares on 30-Oct-2020.
__________________________________________________________________

Ooooooh I'm scared............

The operators are simply making use of any and every opportunity to press the price down. With the Budget due later this week, price will stay subdued.

Retail investors should please understand that the fundamentals of Top Glove and all the other Glove counters are Very Strong. So, please do not panic and sell. You will only be playing to the tunes of the operators, the Investment Banks.

Just think !!!

Any company that earns over a Billion Ringgit in ONE QUARTER. Total 4 quarters. You have an EPS of over RM 1.50

Which other industry provides this kind of Income, especially in these very uncertain times.

Everyone knows what happened after the elections in East Malaysia. Covid cases spiked. In the USA, in the winter, no masks, no social distancing. God help America.

keown83, some of these guys will never understand the basics even if you drill it into their heads. That's the way life is.

Bearishbearbear, in tge case you're referring to, I believe it is only part of the Private Placement. Nothing to worry. However, sI strongly suggest you change your name. Too many Bears :)

MoneyMakers, don't waste this space and our eyeballs. Stop posting

JN88, You're a joker Big Time !

Although the thought of RM 5 Billion is veerrrry seductive.

So keep it International. Sell in Malaysia and take away the money from the Investors who otherwise would be investing in Shares.

And then an IB will issue another Call Warrant on Tesla or Apple and people here will spend all their money and buy that crap

Tigerwoods, true.. really bad news

AudiQ7, and compare the Profits the Tech stocks make to the Profits of the Glove counters

Congratulations to all those who participated.

This is the heights of GREED !

RHB has issued Call Warrants on Alibaba Group Holdings Ltd, Hong Kong and listed it on KLSE for trading.

https://www.bursamalaysia.com/bm/market_information/announcements/company_announcement/announcement_details?ann_id=3090838

And today it's one of the most traded on the BURSA. Awesome.

infinity, that's just CIMB hoping.

Hope keeps us all alive :)

Kitajagakita, if you're referring to me. Go F**k yourself. I hate Structured Warrants. It destroys people, families & wealth. Earns the Ba*****d IB's tons of money.

So go F**k yourself.

Please explain the article on Windfall tax. The last instance in 1998 it was introduced for Commodities and Plantation Companies. What happened ? Nothing

Double gain for the IB. Lower prices means less pay-out on the Warrants & Lower averages for their Hedge.

All this analysis is of no use. IB's are making use of every opportunity to lower the price and buy in. The retailers are either scared or stuck at high levels with no liquidity. Those with liquidity should boldly buy. Valuations are cheap.
That's the only way the situation will change.

Exactly, if EPF loses money the whole nation suffers. If the IB's lose money only their company suffers. Which do you prefer ?

Pressing what ? Oh no :)

mf, eat this. Ant Group got USD 3 Trillion in subscription. That's larger than the GDP of Great Britain.

Oops