HONG KONG (July 21): Hong Kong is facing its worst coronavirus outbreak ever, and the city is woefully unprepared for the surge.

With local infections growing to 560 in about two weeks, the Asian financial hub has been taken off guard by the sudden eruption of infections, close to half of which are untraceable. While other places in the region like Australia are also facing aggressive resurgences, their hospital-bed vacancies and testing capabilities appear to outstrip those of Hong Kong's.

HONG KONG (July 21): Hong Kong is facing its worst coronavirus outbreak ever, and the city is woefully unprepared for the surge.

With local infections growing to 560 in about two weeks, the Asian financial hub has been taken off guard by the sudden eruption of infections, close to half of which are untraceable. While other places in the region like Australia are also facing aggressive resurgences, their hospital-bed vacancies and testing capabilities appear to outstrip those of Hong Kong's.

HONG KONG (July 21): Hong Kong is facing its worst coronavirus outbreak ever, and the city is woefully unprepared for the surge.

With local infections growing to 560 in about two weeks, the Asian financial hub has been taken off guard by the sudden eruption of infections, close to half of which are untraceable. While other places in the region like Australia are also facing aggressive resurgences, their hospital-bed vacancies and testing capabilities appear to outstrip those of Hong Kong's.

HONG KONG (July 21): Hong Kong is facing its worst coronavirus outbreak ever, and the city is woefully unprepared for the surge.

With local infections growing to 560 in about two weeks, the Asian financial hub has been taken off guard by the sudden eruption of infections, close to half of which are untraceable. While other places in the region like Australia are also facing aggressive resurgences, their hospital-bed vacancies and testing capabilities appear to outstrip those of Hong Kong's.

HONG KONG (July 21): Hong Kong is facing its worst coronavirus outbreak ever, and the city is woefully unprepared for the surge.

With local infections growing to 560 in about two weeks, the Asian financial hub has been taken off guard by the sudden eruption of infections, close to half of which are untraceable. While other places in the region like Australia are also facing aggressive resurgences, their hospital-bed vacancies and testing capabilities appear to outstrip those of Hong Kong's.

Dun tell me later supermax is green

faster drop la.....15% lai lai lai

no more V shape rebound?

Supermax top 1 loser today, aiyo....kena ky gel

Drastically la teamrocket

Need to call tan sri already still red

anytime will meletup for supermax, those want to throw tickets faster throw dun kacau kacau here

aiyoyo joyvest is back

only smart people know what to do

https://koonyewyin.com/2020/07/21/top-glove-supermax-comfort-which-is-the-best-buy/

Someone is controlling the price

come on supermax wake up

Keep BUY, with new DCF-derived MYR21.80 TP from MYR18.88, 19% upside with 1% FY20F (Jun) yield. We are positive on Supermax’s 1-for1 bonus issue, as it will increase the stock’s marketability and trading liquidity. Separately, we raise our earnings estimates and TP as a result of elevated ASP projections. Our new TP reflects 19x FY21F P/E, which is at a 35% discount from the sector average, due to its smaller market cap and lesser liquidity.  Supermax announced a 1-for-1 bonus issue yesterday. The ex-date will be determined later. As the number of shares will effectively double, its share price will be adjusted downwards – divided by two after the ex-date. The company’s justification for the corporate exercise is to enhance the stock’s marketability and trading liquidity. The bonus issue’s expected completion date is in 4Q20.  High number of new COVID-19 cases globally means glove demand remains high. According to the World Health Organisation’s Situation Report - 180, published on 18 Jul, new COVID-19 cases have reached a record of 259,848. We gather that four countries contributed to the increase in new cases – the US, Brazil, India, and South Africa. The stubbornly high number of new cases in these countries means that demand for gloves should stay high for an extended period. Gloves form a part of personal protective equipment, which is necessary to protect medical staff. 

Reiterate BUY with a higher TP of RM46.40 We are raising our earnings forecasts for FY20E-22E by 35%-310%, imputing a higher ASP assumption. We are also raising our TP to RM46.40, though based on a lower CY21E PER of 30x which is based on its 3-year historical mean, and we maintain our BUY call. We are not overly concerned by the detention order issued by the US Customs and Border Protection (CBP), and expect it to be resolved within the next 2-4 weeks. We estimate the impact on earnings for FY20E is around 5-6%. However, if the issue prolongs, TOPG will have to re-ship it goods to other countries, though it could benefit from higher spot prices. Key risks to our call include: 1) intensifying competition from other countries; 2) higher volatility in rawmaterial prices; and 3) worsening labor issues.

By Affin Hwang

after 9.30am slowly up for sure

funny its red opening haha

u can see how sharp it is the rebound, well done

walao system hang again is it kns

aiyo....why dropping? Still have so many ikan bilis here?

Faster your seat belt again

Sell ur head....

Max can q there only of coz they want to snatch

y u care ppl q at 23?

Limit up today la straight away RM23

https://klse.i3investor.com/blogs/gloveharicut/2020-07-20-story-h1510632257-TOPGLOVE_could_be_linked_to_forced_labour_says_Australia_ABC.jsp

19.00 wall pls break it

TG is going to new high soon, supermax will follow

Mad bull want to chiong again....

https://www.klsescreener.com/v2/news/view/704409/cgs-cimb-research-retains-overweight-on-glove-sector

18.80 lai lai i call tan sri now

Wingyap, that is so sad. For those who earn a lot pls remember to donate some to charity to help those in needs. Thanks

美国电动车大厂特斯拉（Tesla）的股价今年来急遽飙升，涨势令投资人惊叹不已，但若与东南亚几家橡胶手套制造商的涨势相比，仍远瞠乎其后，主因是新冠疫情提振需求以及大马政府一直到年底都禁止股票卖空。

台湾联合新闻网引述《经济日报》的报导，特斯拉股价今年来上涨259%，涨幅令人称羡不已。不过，大马塑胶手套制造商——顶级手套（Top Glove）的股价今年累计上涨389%，涨幅居MSCI亚太指数之冠；大马另一家橡胶手套制造商Supermax公司的股价今年已飙涨逾1,000%。

这种涨势在大马股市前所未见，前三大橡胶手套制造商的市值今年来合计暴增1090亿令吉。

目前流入大马股市的资金中，约10%投资橡胶手套公司；这股热潮让大马成为全球卫生保健产品的重量级角色，如同台湾和南韩之于半导体产业。

报导称，Northcape资本的基金经理卡麦隆表示：“橡胶手套制造商的股价涨势，让许多人联想到特斯拉，但该产业的获利前景比特斯拉更明确。”

他并指出，大马的卖空禁令确实已对股价涨势小有贡献，且“我们预期橡胶手套产业明年的获利成长将远高于100%。”

Northcape 和三星资产管理公司（Samsung Asset Management）的基金经理人今年已提高对橡胶手套产业的持有部位，他们表示，该产业的需求已出现结构性变化，且许多投资人尚未意识到这一点。

若新冠肺炎疫苗研发速度比预期快，橡胶手套制造商股价涨势将面临踩下煞车的风险；美国海关及边境保护局（CBP）已下令扣留Top Glove生产的抛弃式橡胶手套，该公司声明表示，遭扣押的原因可能与外国劳工有关，正与美国海关联系，寻求在两周内解决扣押事件。

美国宣布禁止进口Top Glove两家子公司的产品后，该公司股价17日仍延续涨势。

基金经理人和分析师指出，Top Glove依然可透过其他子公司把产品运往美国；订单遭取消的冲击，也会被其他严重缺货国家的需求抵销。

目前橡胶手套的订单已大幅成长，价格飙涨，许多制造商正积极扩张产能以满足需求。

Brazil’s health ministry reported 23,529 new cases of the novel coronavirus Sunday, bringing the country’s total to 2,098,389.

The health ministry also reported 716 new Covid-19 deaths, raising the country’s death toll to 79,488.

we need teamrocket to be here supermax just can fly further

Small profit taking already done, ready to another new high

opening 18.88 supermax really houyeah

https://www.bloomberg.com/news/articles/2020-07-19/a-1000-rally-has-glove-maker-stock-mania-outpacing-even-tesla?utm_campaign=socialflow-organic

Result must be damn 7 good la.....so power

let me call another tan sri again to sapu 17

Really sad for those ppl kena bakar last few days

Anyone here can give harta exact date of the quarter result?

Aiyo teamrocket is here to shout again

wow big brother is coming, show u the power

16.50 broke also

hahaha well done supermax