I am here to say "I TOLD U!"
Good luck all and continue to dream on. Mark my words. By 2023 TG will be less than RM2.

PE 188 @ RM1.21
NTA RM0.08

Those who chased this share has no idea. Do you even know why Euro hit RM6? Euro was RM0.20 in March 2020. Goreng until RM6. Even at RM0.60 the sharks are earning money.

I rmbr back in Aug 2020 when I buy in ECOWLD. Everybody was telling me the company gonna go bankrupt. But I continue to accumulate at low price. And I manage to cash out at 0.70. Every company is different. You need to do your own research. To me NTA, Company strength, Management capabilities, Products, Cash Flow are all important.
For EKOVEST. I will continue to collect in batch. Based on my own POV.

Short term I am not sure. But long term, I am very confident.

Prior to the pandemic, the share price was RM2.00 now the company has KIA. I do not take Peugeot in consideration because I myself is skeptical about that brand. But bare in mind that BAUTO only has 20% stake in Peugeot. On the other hand, they have a full JV going on with KIA Corp.
With BAUTO track record we know they will make the sales.
Dato Sri Ben Yeoh, he has 40 yrs experience in automotive line. He began his career as a technical executive for Mercedes-Benz customers of Cycle & Carriage in 1972 for eight years.
He then joined Borneo Motors in 1979 as a technical services divisional manager for Toyota.
After familiarising himself with the Japanese automotive culture for five years, he progressed to Daihatsu Malaysia as its divisional manager.
One of his biggest contributions was recording an export sale of 30,000 units a year to Britain when he was the executive director and COO of Proton.
In 2009, he revived the Mazda brand in Malaysia and he and his team steadily worked on the Hiroshima-based car maker to consider Kulim and Malaysia as a good base for regional exports of selected models.
My personal take. Buy while you have the chance.

Don't get me wrong. It is a good company and currently it is a good time to buy. Just that privatise does not seems possible now.

@RJ87 impossible. If i rmbr correctly. The boss holds less than 20%.

Collect with confidence and hold for 3 to 5 years

EITA is related to QL. Both under Chia family. Never expect EITA to end this way. Big hit to investors confidence towards Chia family companies.

https://www.wapcar.my/bm/pengecualian-cukai-sst-untuk-kenderaan-sah-tamat-31-disember-2020-21731

Pretty sure something is brewing. Has been watching it for months. And these 2 weeks movements aren't natural.

BAUTO did well in Malaysia. It is operations outside of Malaysia thats doing bad.

My personal take on Glove counters on why they are not going up even with astronomical results:

1) Market emotions. To the general investor, Covid means more glove use. Vaccine means less glove use. So the waves of news on vaccine naturally will garner selling emotions within investors.

2) The latest Quarter result. We all were waiting for the result yesterday. During lunch break, it came out to be phenomenal. But what happen next was a shock. The share didn't rise but instead tank further. If such Excellent result cant drive the share. What else can? This causes fear among investors

3) Competitions. Did you all know that when it comes to Latex production. Malaysia ranked 5th in the world? Thailand and Indonesia being the kings and even China is above Malaysia. With Thailand, Indonesia, China ramping up gloves productions by the Trillion. Yes Trillion, not Billion. What do you think is going to happen in global gloves prices in the next 2 years?

Finally, which comes to my most important point. The market always trade into the future. Results out now are from history performance. Looking forward with the points mentioned above. Glove Counters will only perform worse as time pass.

Petronas was established for 46 years and has not made any loss in history. The latest 2 quarters we see Petronas made loss for 2 consecutive quarters. Petronas is losing the ability to pay government dividend. in 2020 Petronas paid 24bil dividend to the government.
In 2019 sin taxes from Alcohol, Gambling and Tobbaco has contributed 15bil to government. This tax is growing every year. With Petronas dividend shrinking, I personally do not think government will sacrifice sin tax.

Budget approved, mega projects back on course. ANNJOO would benefit from this definitely.

Based on volume movement. Expect next week full action.

Will fly once cleared 0.235

Rm1.50 coming

RM2 coming

Good luck all. Thx Bornoil. Exited at 0.07

Bornoil has always been a goreng stock. Look at the chart history. Its never about the fundemental or dividend. So if you ask me, I will buy when its low and not moving.

No announcement saying its suspended for Msia 7113

https://www.cbp.gov/trade/programs-administration/forced-labor/withhold-release-orders-and-findings

Annual dividend of 6.55cts. Even at RM1.60, it is still 4.09%! Gogo!

@alexsee if it drop back to 0.85 then it will need another cycle... It needs to ride the momentum... Its now or never IMO. Short selling suspended, Alam flora benefiting from covid, UMNO pushing the market in preparation for snap election, All stars aligned.

Has been holding since IPO gogogo!

Hope it break thru RM1 and maintain above. Last 2 years it has been touching RM1 and failed to maintain. Fingers cross

But it is positive to PECCA as it opens up more revenue source for future expansion.

It wont... PPE is new to PECCA. Guess it will take some time for them to smoothen everything. From production to getting sales.

They need to up their dividend play in order to go back to RM1.80. Mayb to 8cts per annum.

@pBlue
Agree.

JN88, what happened? RM18 u say up, RM17 u say up, RM16 u say sapu, RM15 u say sapu, Rm14 dy u still say sapu and order till next year. Lol not bad oh

V simple logic. U buy because you want to earn right? It's RM14.50 now. Let say the TP is RM20.00, you would exit at RM18 correct? That means you are looking for RM3.50 profit. Which comes to about 25%.
Now, if you are looking for 25% profit y not look elsewhere? For Eg. BAUTO, 6 months ago RM2+, it is trading at RM1.5 now. PECCA was RM1.10 now trading at RM0.85. Maybank was RM8.5 now trading at RM7.7, CIMB was RM4 now trading at RM3.70. HLIND was RM10+ now trading at RM8
All the shares i mentioned up has:
1) 6-8% dividend annually based on current price;
2) Net cash company
3) healthy PE

I predict it to continue to drop. RM13 atleast. Then next surge should be the next financial quarter. The surge again wont break RM18. Then it will retreat again. This share will not break RM20. not in 2020.

Rm13 inbound. No doubt about it.

Tmr down another RM0.20
One week down 3 times up 2 times. Net down 0.50 a week. Trap all small fish. One mth gone RM2.00. Park at RM13.00. 2021 back to RM10.00. I aint no hater. I am just just trying to save your hard saved monies.
U can scold me. U can hate me. It's ok, I will watch you as the price go down. I will pity you. But only you can save you. Haha

JN88, Chill. Just because u r losing money. Doesn't mean u need to start being mean. Oh wait. Nvm. its ok. U shall vent as much as you like. Freedom of speech! Haha Dream on

Rm6.50 when production at 80% capacity. Now production at 100% capacity and price at RM15.00. Can buy or not? Dividend 1.4% a year. Can buy or not? PE 100+ can buy or not? Lol

Drop gradually and slowly. Thats how u trap small fry.

@WinnerWay U r ignoring my points. I said. Its all been priced in. Time to move on to other counters that has dropped 30% with solid dividend. Or hold TopGlov for 3 years and remain RM16 with 1.6% dividend.

My prediction for TopGlov price for the next 6 months.
Between RM13 to RM16. Next surge will be prior to their quarter result announcement in Sept.

@rosetan yes they r actively working towards that. But how long would it take to start new production line? 1 year? 2 years?
That's y i said. RM20 yes, but not now, not 2021. Mayb 3 to 5 years time.

Good time to exit. Those who thinks that the 2nd wave of Covid will push demand. Good luck. They are already running at 100% capacity. They do not dare to take more orders for quite some time already. Orders are piled up to 2022. Without extra production capacity, where will extra profit comes from? Stop making up stories and start giving facts.
Rm20 TP? Not possible in 2020.
Don't get me wrong, TopGlov is a good company. If you can hold it for 5 years, you will not lose. But then again you have to think about the return it gives. Less than 2% dividend and RM4 (RM16 to RM20).
Also remember a very important point. The suspension of short selling will be uplifted on 30th June 2020. The upside is so limited with so many down sides.
Trade at your own risk.

Lol good luck all. See you at RM14 tomorrow. Mark my words. RM13 by this week.

If investment bank TP can pakai. No one will lose money dy.

Frankly. These are the stocks I have entered once the market crashed. Same with Topglove. I have exited Topglove at RM15 while still holding the followings.
- BAUTO
- MAYBANK
- CIMB
- HLIND
- HEIM
- MALAKOF
- PECCA
- ZHULIAN
My reasons to buy is very simple.
1) Net cash company
2) Good solid dividend policies
3) Price has plunged more that 30% since covid
4) Companies in field that will bounce back fast after covid

Sell now still good profit. Or u could sell next week at RM14.00+ also good. or even later at RM13+ still good. Since your cost RM6

JN88 wow. Nice RM6.00, should have exited at RM17 mah...

JN88, Lol you make me laugh. Hopefully you are funding your purchase with cash. Not Margin... If not. Gonna b painful Lol