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2021-02-15 11:23 | Report Abuse
Hopefully, the fatcat Topglove owners will spend more of the company's profit to buy back the undevalued shares!
2021-02-15 11:17 | Report Abuse
KUALA LUMPUR (Feb 10): Top Glove Corp Bhd, which will release its quarterly earnings next month, has engaged in its first share buyback of the year after it stopped the exercise after Dec 14.
A bourse filing showed that the glove maker spent RM3.69 million for 600,700 shares bought back in the open market at RM6.15 per share today.
Top Glove's share price closed at the same price at RM6.15, down five sen with 20.31 million shares changing hands.
The glove maker’s share price has been on the decline this week after it rebounded to RM7.05 on Feb 2. The buying interest among the retail investors that aimed to “short squeeze” short sellers has not gathered much steam so far.
The rubber glove manufacturer currently has 178.96 million treasury shares, which is 2.19% of its total issued share capital of 8.2 billion shares.
The last time the company had engaged in a share buyback was on Dec 14 when it had spent RM3.63 million on 576,900 shares. In December alone, share buyback activity cost Top Glove RM123.5 million.
Since September, Top Glove has utilised a whopping RM1.28 billion of its cash pile for share buyback, with RM354.74 million spent in September, and RM802.55 million in November.
For perspective, the sum is about 68.6% of the group’s net profit of RM1.87 billion for its financial year ended Aug 31, 2020 (FY20) or 53.9% of the group’s net profit of RM2.38 billion for 1QFY21.
2021-02-10 19:50 | Report Abuse
Have Top Gloves employees started selling their 397,000 ESOS shares?
2021-02-10 19:47 | Report Abuse
Looks like EPF has been shorting the gloves stock with JPM.
2021-02-10 19:46 | Report Abuse
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 287,600 shares on 04-Feb-2021.
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 100,000 shares on 03-Feb-2021.
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 4,000,000 shares on 02-Feb-2021.
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 143,900 shares on 02-Feb-2021.
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 1,062,500 shares on 29-Jan-2021.
2021-02-10 10:03 | Report Abuse
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 287,600 shares on 04-Feb-2021.
DATUK NORIPAH BINTI KAMSO (a company director) acquired 10,000 shares at 6.245 on 09-Feb-2021.
When will more fatcat glove company owners buy back their "undervalued" shares again? Come on, show us your conviction & fire power lah.
2021-02-10 10:01 | Report Abuse
When will the fatcat glove company owners buy back their "undervalued" shares again? Come on, show us your conviction & fire power lah.
2021-02-09 14:39 | Report Abuse
Hopefully, gloves demand wont normalize after Covid like after SARS and Ebola. What was the glove companies' performance and share price?
2021-02-09 14:24 | Report Abuse
Hopefully, gloves demand wont normalize like after SARS and Ebola.
2021-02-09 10:39 | Report Abuse
Why EPF keeps selling glove shares? Let's see whether the glove company owners will put money in their mouth and buy back their "undervalued" company shares?
2021-02-09 10:37 | Report Abuse
Why EPF keeps selling glove shares? Let's see the glove company owners will put money in their mouth and buy back their company shares.
2021-02-09 10:35 | Report Abuse
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 100,000 shares on 03-Feb-2021.
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 4,000,000 shares on 02-Feb-2021.
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 143,900 shares on 02-Feb-2021.
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 1,062,500 shares on 29-Jan-2021.
2021-02-09 10:30 | Report Abuse
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 695,000 shares on 03-Feb-2021.
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 1,352,900 shares on 02-Feb-2021.
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 57,100 shares on 02-Feb-2021.
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 50,000 shares on 02-Feb-2021.
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 2,197,100 shares on 29-Jan-2021.
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 73,000 shares on 29-Jan-2021.
2021-02-08 11:26 | Report Abuse
Upside potential supported by contineous strong demand for gloves and Topglove owner's share buyback.
Downside risk driven by RSS & ISS and EPF selldown in the short term, dilution due to potential Top Glove listing in HK and US govt push for domestic glove production in the medium term.
So, it's a tug of war between the bulls & bears. Let's wait & see.
2021-02-05 21:52 | Report Abuse
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 4,000,000 shares on 02-Feb-2021.
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 143,900 shares on 02-Feb-2021.
MR LIM HOOI SIN (a company director) acquired 300,000 shares at 6.634 on 05-Feb-2021.
PUAN SRI TONG SIEW BEE (a company director) acquired 300,000 shares at 6.634 on 05-Feb-2021.
TAN SRI DR LIM WEE CHAI (a company director) acquired 300,000 shares at 6.634 on 05-Feb-2021.
DATO' LIM HAN BOON (a company director) acquired 10,000 shares at 6.590 on 05-Feb-2021.
LEE KIM MEOW (a company director) disposed 300,000 shares at 6.580 on 05-Feb-2021.
2021-02-04 13:04 | Report Abuse
14/09/2020 8.35 9.53 +1.18 (14.13%) BUY MAYBANK Price Target News
12/09/2020 7.76 9.20 +1.44 (18.56%) BUY CIMB Price Target News
11/09/2020 6.45 8.90 +2.45 (37.98%) BUY PUBLIC BANK Price Target News
10/09/2020 7.30 5.40 -1.90 (26.03%) SELL MACQUARIE GROUP Price Target News
09/09/2020 7.55 9.20 +1.65 (21.85%) BUY CIMB Price Target News
08/09/2020 8.35 9.20 +0.85 (10.18%) BUY CIMB Price Target News
01/09/2020 27.00 26.70 -0.30 (1.11%) BUY PUBLIC BANK Price Target News
27/08/2020 26.26 25.40 -0.86 (3.27%) HOLD JF APEX Price Target News
26/08/2020 25.00 30.40 +5.40 (21.60%) BUY MACQUARIE GROUP Price Target News
19/08/2020 25.60 29.30 +3.70 (14.45%) BUY CIMB Price Target News
13/08/2020 25.20 48.10 +22.90 (90.87%) BUY CITI GROUP Price Target News
11/08/2020 28.30 26.70 -1.60 (5.65%) TRADING BUY PUBLIC BANK
2021-02-04 13:01 | Report Abuse
Date Open Price Target Price Upside/Downside Price Call Source News
29/01/2021 7.05 10.54 +3.49 (49.50%) BUY HLG Price Target News
18/01/2021 6.40 8.45 +2.05 (32.03%) BUY RHB-OSK Price Target News
18/01/2021 6.40 6.50 +0.10 (1.56%) HOLD AmInvest Price Target News
13/01/2021 6.70 3.50 -3.20 (47.76%) SELL JP MORGAN CHASE Price Target News
13/01/2021 6.70 6.50 -0.20 (2.99%) HOLD AmInvest Price Target News
11/01/2021 6.60 8.50 +1.90 (28.79%) BUY KENANGA Price Target News
11/01/2021 6.60 8.90 +2.30 (34.85%) BUY CIMB Price Target News
08/01/2021 5.86 10.54 +4.68 (79.86%) BUY HLG Price Target News
07/01/2021 5.80 10.54 +4.74 (81.72%) BUY HLG Price Target News
05/01/2021 5.57 8.84 +3.27 (58.71%) BUY TA Price Target News
05/01/2021 5.57 7.30 +1.73 (31.06%) TRADING BUY PUBLIC BANK Price Target News
05/01/2021 5.57 8.29 +2.72 (48.83%) BUY MIDF Price Target News
05/01/2021 5.57 11.05 +5.48 (98.38%) BUY HLG Price Target News
11/12/2020 7.05 3.50 -3.55 (50.35%) SELL JP MORGAN CHASE Price Target News
10/12/2020 6.94 12.30 +5.36 (77.23%) BUY UOBKayHian Price Target News
10/12/2020 6.94 9.70 +2.76 (39.77%) TRADING BUY PUBLIC BANK Price Target News
10/12/2020 6.94 10.96 +4.02 (57.93%) BUY MIDF Price Target News
10/12/2020 6.94 8.65 +1.71 (24.64%) BUY MAYBANK Price Target News
10/12/2020 6.94 10.68 +3.74 (53.89%) BUY KENANGA Price Target News
10/12/2020 6.94 6.83 -0.11 (1.59%) HOLD JF APEX Price Target News
10/12/2020 6.94 11.05 +4.11 (59.22%) BUY HLG Price Target News
10/12/2020 6.94 8.50 +1.56 (22.48%) BUY BIMB Price Target News
10/12/2020 6.94 7.07 +0.13 (1.87%) HOLD AmInvest Price Target News
10/12/2020 6.94 10.10 +3.16 (45.53%) BUY AffinHwang Price Target News
09/12/2020 7.10 8.90 +1.80 (25.35%) BUY CIMB Price Target News
03/12/2020 6.75 15.45 +8.70 (128.89%) BUY AffinHwang Price Target News
02/12/2020 6.73 9.70 +2.97 (44.13%) TRADING BUY PUBLIC BANK Price Target News
02/12/2020 6.73 10.00 +3.27 (48.59%) BUY CIMB Price Target News
02/12/2020 6.73 7.03 +0.30 (4.46%) HOLD AmInvest Price Target News
25/11/2020 6.82 10.38 +3.56 (52.20%) BUY HLG Price Target News
24/11/2020 6.89 10.96 +4.07 (59.07%) BUY MIDF Price Target News
24/11/2020 6.89 10.38 +3.49 (50.65%) BUY HLG Price Target News
24/11/2020 6.89 10.00 +3.11 (45.14%) BUY CIMB Price Target News
24/11/2020 6.89 10.80 +3.91 (56.75%) BUY BIMB Price Target News
24/11/2020 6.89 7.88 +0.99 (14.37%) HOLD AmInvest Price Target News
18/11/2020 7.09 10.00 +2.91 (41.04%) BUY CIMB Price Target News
17/11/2020 6.60 12.30 +5.70 (86.36%) BUY UOBKayHian Price Target News
17/11/2020 6.60 9.70 +3.10 (46.97%) BUY PUBLIC BANK Price Target News
17/11/2020 6.60 10.95 +4.35 (65.91%) BUY HLG Price Target News
17/11/2020 6.60 10.00 +3.40 (51.52%) BUY CIMB Price Target News
17/11/2020 6.60 10.80 +4.20 (63.64%) BUY BIMB Price Target News
17/11/2020 6.60 7.88 +1.28 (19.39%) HOLD AmInvest Price Target News
16/11/2020 7.73 10.00 +2.27 (29.37%) BUY CIMB Price Target News
12/11/2020 7.80 7.88 +0.08 (1.03%) HOLD AmInvest Price Target News
06/11/2020 8.35 10.00 +1.65 (19.76%) BUY CIMB Price Target News
04/11/2020 8.28 10.00 +1.72 (20.77%) BUY CIMB Price Target News
15/10/2020 9.50 13.00 +3.50 (36.84%) BUY HLG Price Target News
14/10/2020 9.11 10.00 +0.89 (9.77%) BUY CIMB Price Target News
12/10/2020 8.81 9.70 +0.89 (10.10%) TRADING BUY PUBLIC BANK Price Target News
09/10/2020 8.76 13.00 +4.24 (48.40%) BUY HLG Price Target News
08/10/2020 8.83 9.53 +0.70 (7.93%) BUY MAYBANK Price Target News
08/10/2020 8.83 13.00 +4.17 (47.23%) BUY HLG Price Target News
07/10/2020 8.60 12.30 +3.70 (43.02%) BUY UOBKayHian Price Target News
07/10/2020 8.60 9.70 +1.10 (12.79%) BUY PUBLIC BANK Price Target News
07/10/2020 8.60 10.00 +1.40 (16.28%) BUY CIMB Price Target News
04/10/2020 8.76 10.68 +1.92 (21.92%) BUY KENANGA Price Target News
30/09/2020 8.47 6.83 -1.64 (19.36%) HOLD JF APEX Price Target News
28/09/2020 8.90 13.00 +4.10 (46.07%) BUY HLG Price Target News
22/09/2020 7.98 13.00 +5.02 (62.91%) BUY HLG Price Target News
18/09/2020 7.81 12.30 +4.49 (57.49%) BUY UOBKayHian Price Target News
18/09/2020 7.81 5.00 -2.81 (35.98%) HOLD UBS Price Target News
18/09/2020 7.81 9.50 +1.69 (21.64%) BUY RHB-OSK Price Target News
18/09/2020 7.81 9.70 +1.89 (24.20%) TRADING BUY PUBLIC BANK Price Target News
18/09/2020 7.81 9.63 +1.82 (23.30%) BUY MIDF Price Target News
18/09/2020 7.81 10.68 +2.87 (36.75%) BUY KENANGA Price Target News
18/09/2020 7.81 6.83 -0.98 (12.55%) HOLD JF APEX Price Target News
18/09/2020 7.81 13.00 +5.19 (66.45%) BUY HLG Price Target News
18/09/2020 7.81 16.20 +8.39 (107.43%) BUY CREDIT SUISSE Price Target News
18/09/2020 7.81 16.00 +8.19 (104.87%) BUY CITI GROUP Price Target News
18/09/2020 7.81 10.00 +2.19 (28.04%) BUY CIMB Price Target News
18/09/2020 7.81 10.80 +2.99 (38.28%) BUY BIMB Price Target News
18/09/2020 7.81 8.40 +0.59 (7.55%) HOLD AmInvest Price Target News
17/09/2020 8.78 15.45 +6.67 (75.97%) BUY AffinHwang Price Target News
14/09/2020 8.35 9.53 +1.18 (14.13%) BUY MAYBANK Price Target News
1
2020-02-19 17:15 | Report Abuse
Maybe EPF sold to force the price down and bought back cheaper? They need Maybank dividend to pay EPF interest?
2020-02-16 10:55 | Report Abuse
MGM Resorts-Led Consortium Named as Lead Bidder for Osaka Casino Project. TOKYO — A consortium led by U.S. entertainment giant MGM Resorts International has been named as the lead bidder for an integrated casino complex in Osaka, the local government said on Friday
2019-11-06 16:40 | Report Abuse
8.73 liao. Huat ah! Switching from CIMB to MBB?
2019-11-06 13:55 | Report Abuse
06-Nov-2019 Additional Listing Dividend Reinvestment Scheme - 195,547,322 shares at 4.630.
2019-04-17 17:30 | Report Abuse
Why Amanah Saham and EPF have been selling Maybank shares?
Stock: [SUPERMX]: SUPERMAX CORPORATION BHD
2021-02-16 10:01 | Report Abuse
Why the cashrich glove company Towkays dont spend more to buy back their undervalued shares?