Shares fell 5% yesterday. No evidence of anyone knowing anything.

This is potentially positive for Malaysian glove producers. Tarriff exemptions for Chinese PPE makers could end soon:

https://www.scmp.com/news/china/diplomacy/article/3146554/us-considers-extending-tariff-relief-chinese-medical-gear-used

Top Glove still trades at a substantial discount to Hartalega.

Given the main difference between the two was the US ban, I think this valuation gap will narrow.

It was clear that no one saw the ban uplift coming. Shares fell 5% yesterday, no one knew this was coming...

Post removed.Why?

Any idea why Singapore shares up 3% today?

And TOPG:MK still holding just -0.7% despite today being the dividend ex-date?

Dividendplayer, tan sri could still go along with an MBO by private equity, he's long complained shares are cheap

----

Was thinking the same thing about the reverse take over. Makes sense. But Tan sri holding so many shares. And no way he will let go. No chance of success. Maybe US forcing TG to list there instead. US / China (HK) trade war common knowledge right. Whatever it is, snowball coming.

With each ADR representing 4 shares, the $7.50 ADR price is equivalent to RM7.80 for Top Glove on the KLSE

It would not surprise me if private equity is circling. Shares are dead cheap. Possibly an MBO...

Top Glove's European ADR also soared 55% yesterday

Something is happening...

https://www.bloomberg.com/quote/5OU:GR?sref=YphvZen9

The new Delta variant - more transmissable, and more likely to result in hospitalization:

https://twitter.com/DrEricDing/status/1400745955671031813?s=20

One US ADR is equivalent to 4 Bursa TOPG shares.

So the implied KLSE price at $7.50 per ADR is RM7.80, wow.

That is 65% higher than yesterday close.

Note the US volumes were more than 10x usual yesterday.

Up on strong volume! Something seems to be cooking...

Does anyone know how many shares the US ADR reflects?

And also the implied MYR price at the current $7.50 its trading at?

monetary - you will have to wait until Monday. SGX doesn't trade on Sunday la.

No yauboon, it was up a "very nice" 69%.

Migrant worker activist Andy Hall has questioned the US Customs and Border Protection’s (CBP) ban on Top Glove Corp Bhd’s products, claiming that other Malaysian glove manufacturers are “much worse” when it comes to the treatment of workers.

They're coming for Supermax soon. The worst operator in the entire industry (and milking the US market the most).

ESG investors now fleeing Supermax

LOL stock is sinking. I wonder why

It's no secret that Andy Hall believes Supermax is the worst in the industry for the treatment of workers

Watch this space, mark my words

https://focusmalaysia.my/featured/expert-cbp-should-act-on-other-companies-too-top-glove-improved-a-lot/

Watch for US/activist action on Kossan next

No one is safe apart from Top Glove now

Before you pat yourselves on the back after yesterday's move

Note that Andy Hall will now turn his attention to Supermax, who are by far the worst in the industry on social compliance

Sell your Supermax while you can and buy Top Glove

US ban will hit Supermax soon

How has Jalil funded these purchases? Smells fishy.

Where's he got all this cash from?

Interesting that the US doesn't provide any evidence or details of its findings... It just bans Top Glove products. Where's the transparency?

Ah - I see from KLSE disclosure below - Uncle Tan disposed 70m shares...

Sorry - I meant RM20m - where did he get that from?

Where did he see the money from for RM20 of shares?

Gloves comeback today?

"Spoofing" issit?

Public Bank paid a RM2.5 billion dividend for entire FY20

Top Glove set to pay around RM2.8 billion for the 2QFY21 alone!

Public Bank earnings -18% in the 4Q

Top Glove set to be up more the 10-fold

I expect a big dividend to be announced at the upcoming 2Q result

Let's revisit this bold claim when the UK variant (and later South African and Brazilian) start to take hold in the US and other countries in the next couple of weeks...

You are aware that Intco doesn't just make gloves right? So not apples to apples comparison

DJoker - hahahaha

@Honesty - wassup lah bro?

JPM will no doubt have to cover their TG shorts to help defend their silver short

Top Glove US ADRs rose 13% on Fri

Looking forward to the KLSE catch up tomolo

Your comments make no sense

Any Telegram groups for serious glove investors? No disrespect, but the main one is full of amateurs who don’t add much to the analysis

From tomorrow the rotation from reopening/recovery plays to gloves will continue

Institutional investors will be digesting the 5000+ cases over the weekend and realize the recovery is much further away than previously assumed

Meanwhile things just get better and better for the gloves

Declining ASP growth? Hartalega just guided for another 50% quarter-on-quarter

I see no conceivable way glove prices are going to halve

Being short a stock with fairly certain 14% dividend yield is crazy

Add in the cost of borrow on that and then Malaysian retail getting behind the company also

MUCHO PAIN TRADE

Whether gloves used in vaccine or not is red herring

Even if entire world vaccinated using gloves - roughly 14bn pieces, that's only 4-5% of total annual glove usage

Much more gloves goes to general healthcare usage, Covid testing and now due to Covid gloves are required for use in a range of industries

Use of gloves for vaccines only adds to demand at the margin

Part of the reason gloves aren't being used for vaccinations in some countries is due to shortages due to no supply - so have to prioritize gloves for testing first

PPUM is on Lazada asking for PPE donations, ranging from RM50 to RM500.

https://twitter.com/esshimself/status/1355763220632363008?s=21

TOPG:SP +4.1% on large volumes

Thanks our Singaporean friends

https://www.theedgemarkets.com/article/cgscimb-research-expects-stronger-quarters-ahead-supermax-raises-tp-rm1180

The strong momentum continues. Upgrades will keep coming across the board

Companies saying ASPs continue to higher yet analysts forecasting huge declines... Who knows better? Multi-year glove veterans or some mid 20s kids?

Nice to see the big upgrade from CIMB

I think this will take all glove names further higher tomorrow

If Bursa bans short selling again - does anyone know what happens to existing short positions?