Coming few quarters will be worse for glove sectors and EPF is aggressively selling down glove stocks daily.Production costs keep increasing but selling price still declining

Next quarterly result reporting few hundred millions losses due to cukai makmur and negative operating income as decreasing selling price and increasing production cost

Supermax becomes penny stock today drops to less than RM1

Next quarter result definitely loss making as TG needs to pay few hundred millions cukai makmur to government and glove selling price will be lower than production cost

Next quarterly result the worst news coming few hundreds millions loss due to one off cukai makmur and operating loss as production costs keep increasing

Top Glove 3Q net profit slumps to RM15m from RM2.04b a year earlier.
Earning per share (EPS) = 0.19sen
Current PE = 150+

Today Hartalega drops more than Top Glove with EPF continuous selling

Hartalega also heavy selling pressure by EPF similar to Top Glove and glove now is low margin business now due to oversupply of gloves worldwide

Hartalega price drops to all time low below 3.90 as selling price still downtrend and oversupply of gloves with increasing production cost

Glove selling price still declining not reaching pre pandemic price and share price will continue to drop as next few quarters more worse quarterly result

Tomorrow QR release if loss making confirms heavy sell down dragging other glove stocks

Kossan will join other glove share price downtrend as next few quarters profits declining as oversupply gloves and declining ASPs

Next week QR release more pain coming

Harta share price 1st time drops below RM4 and continues downtrend as glove ASP still declining and increasing production cost coming few quarters....Current PE valuation still high as EPS coming few quarters continues to decline to around 2-3sen

Today Top Glove 1.30 support broken soon today before next week QR release

Top Glove coming QR next 1-2 week expect earnings per share less than 1 sen as ASP still downtrend and increasing production costs

As expected QR loss RM10 millions as cost of production higher than selling price....Next quarter losses will be higher and ASP still declining as oversupply of gloves with low demands

Expected next QR higher losses increasing raw material, labour, utilities and logistic costs

Careplus next QR loss will be higher as ASP keeps falling and increasing higher raw material and logistic costs every month...Careplus pre pandemic price less than 20 sen

Careplus lost RM37 millions in 1 quarter extremely worst as production cost is higher than glove selling price

Careplus reporting loss again coming QR tis week share price will keep falling

Current price 1.40+ still very high PE>30

ASP price still falling amid very intense competition among glove makers to reduce their selling price each month

Supermax will report more worse QR tis week compares to last bad QR

Almost all tech stocks up but Inari down

Revenue share price closing new low 98 sen

Those still holding Serba shares face the reality of delisting if management can't come out with restructuring exercise

Supermax QR end of this month will be worse than previous QR profits RM40+ millions due to US CBP ban, depressed ASP price, higher costs e.g salary and logistics

Top Glove next month QR profits not looking good as ASP price still depressed, increase glove supply and higher wages, utility and logistics cost

SD will be suspended and delisted soon as no plans by management to regularise its businesses with billions of debts

Coming QR prospects even without prosperity tax still looks very bearish with increasing wages, depressed ASP price, supply chain disruptions and increasing gloves supply which leads to much lower profit margin

Should expect disappointing QR due to depressed ASP price and prosperity tax 33%

Pity those still holding Serba shares looks like worth few cents before being delisted soon

Heavy selling pressure to cut loss and waiting for opportunities to buy much lower price

Foreign funds selling local semiconductor shares

Next support price 1.20 before trading close

Revenue lost its bid to get digital bank license

Kossan next QR profits will be lower than recently announced QR profits RM90 millions

Everyone waiting for very exciting Hartalega QR to be released within next 7 trading days

All waiting for very exciting Hartalega QR release next week

All waiting for very exciting Hartalega QR release next week

If not selected share price will drop at least another 10%

Hartalega share price rebound today from last Friday lowest closing price 4.30

Top Glove net cash balance left RM600millions+ around 8 sen per share lowest among top 4 glove companies

Top Glove share price is very overvalue above PE 40 with current price 1.60+

Top Glove net profit back to pre pandemic profits RM100 millions every quarter but EPS drops to 1 sen per share after total shares increase to 8 billions shares.Current PE is very high and overvalue more than PE 40 compares to pre pandemic PE 20

Top Glove net cash RM600+millions equivalent to 8sen/share only so share buy back depends solely on Tan Sri to support Top Glove share price

Tan Sri today sure very high share buy back 20-30 millions shares if not Top Glove share will close below 1.60

Today huge volume share buy back again by Tan Sri to support price from heavy sell off

Let see how TG bad QR will affect other glove stocks under heavy selling pressure later evening session