dont think anyone will support even if glove go below precovid prices. Ppl in the comment section tunjuk belang they want MY to be strip off the title of being the world's largest glove manufacturer. berry berry nice lo. We shall witness a greater fall in Meleisha after 97 after covid subsides :) Majestic view. Revenue is meaningless if a business just keep earning back Meleisha kakilang's money, people will have to learn it the hard way, every single time.

dicky is gonna go crazy is he ever finds out the truth of tiananmen square story is that it was a hoax hahaha, i have been through that and think its a good lesson for all of us to not listen to one side story... cheers.

@laughingstock worse is when the day they decide to pick on palm oil again, what other products malaysia can sell? what value does RM still able to hold? through what? Tourism? TG has the money now, they can start building new condo to accomodate now, but if your condo takes 3.5 years to hand over the keys, i supposed a 1 year MCO TG should be able to build isnt it? Something tells me you didnt pay attention to which businesses allow to run during MCO 2020. Besides that, i havent seen property owner happily renting their houses to groups of foreign labourer yet, guess every businesses that need to employ foreign workers now have to change to employ fewer locals and shrink their businesses then! SME can just close down, cut loss.

@winterwolf, yup, you can give them hotels, no need 3 months they will make it look like a normal dumpster in the eyes of rich countries. To them, its weird to buy glass and ceramic daily items, high end futuristic furniture for a temporary sleeping place and will hoard stuff, its just the way how people live, the worker rather keep the money and buy land and bungalow back home because Malaysia is still too expensive for them to live a upper middle class life. YES MALAYSIAN LIVE LIKE THAT TOO.

@laughingstock needs to take a walk around public universities' dorms, look at the accommodation. I know people like you most probably have wealthy parents to sponsor you to a private college, never seen how real middle class and below malaysians living despite that makes up at least 60% of the total population and never knew the difference between expats and foreign labourer. I dont like how the world is picking on accommodation quality built when top glove is not making the crazy profit, we spent more than a year in variety of MCO, what makes us think that it can afford 1500sqft/ 6 person with TV, air conditioning, 2 person/room when they were making a mere 9% profit before covid? Does anyone know how much a 1500sqft apartment cost? Does anyone understand what this means for the fellow malaysians who dont even know top glove? property sold out in bulk, back to 900k/850sqft apartment, all industries regardless of size forced to shrink in scale due to higher cost of operation, shrink malaysia's overall production power, forcing malaysia to give up part of their already small piece of cake either scale down or either relocate or build future new factories in other countries. Why does the self-claimed high morale human right activist dumbasses not able to see this as a concealed genocide aimed at average malaysians?

@shearer202 i dont believe. RM2 and RM3 is a price point where ah cat ah dog also know its a bargain, so the the big shark wont help you push so low until the price point where you turn around become their competitor.

at 8,7,6 the esos 1.50 no flood market now only flood?

please help to push down, then masuk collect for dividend lul. I dont understand all those sell calls, you all really still got share? if like this TG shareholder holding power is actually pretty strong.

just saying, if like big analyst tell you max is X, most likely it will not hit X, if they tell you min is Y, most likely it will not hit Y.

looks like property should be really lausai-ing, until mahsing also jump field

None of their ally can perform better than them.
Correction: none of their ally are allowed to perform better than them.

such situation are often seen in companies dying due to office politics. Like those controlling managers that steal their subordinates proposal and ideas and claim as theirs. Everything has to prioritise the manager etc etc. If we really need to pick one side then better avoid this sinking ship.

eee, @stocktrade101 then if like this, on the basis on picking a business partner, China would look more like a better option. Under USA's influence/jealous, none of their ally can perform better than them. Cant have a jealous leader as the head of a pack, the pack will eventually die of internal conflict.

i dont accept Albukhary's points. when Albukhary said how many products you can see on the market belong to the other 3, you have to ask how many brands you see that you know is not from them? The question is how many brands on the market that are taking gloves produced by the same companies and we dont know about it because its confidential? Malaysia supplies over 60% of rubber glove market, Top glove alone take at least 25%, and this is before they overtook harta to be the largest nitrile glove producer. Simple maths. You look at the statistics, if topglove and supermax can achieve 300% profit growth by quoting USD100 for spotorders, what was their original price? What is harta's glove precovid price then, do you believe harta "did not raise price during covid" or do you believe "harta did not get to raise much" because precovid they are already selling at covid prices? Where did the extra profit go? Pesearch? wastage?

Back then i used to badmouth topglove for they stupid work more but sell cheap mindset (you know when you mark you products cheap prices, people judge your products as cheap stuff before they think about the possibilities of you just trying to be less of a money sucking jerk), now i understand edi. The power to adjust glove price is like an ulti skill, you have to be able starve yourself in conditions worse than than your opponent and still perform.

@Agjl, the graph showed that we just entered exponential phase. so today number should be around 500 to 600. Next 7 days will be crucial. If next 7 day no signs of slowing down, then we need to be prepared to hear daily 4 digit update.

accommodation also i ownself tanggung one leh. Aih, so saddddd...

US logic: they took up loan to secure a job in your company, you have to pay them, cover their loan.
Also US: Outrageous tertiary education cost. Student with super high loan and companies not give shit about the loans. Your freedom to take loan, i didnt force you to work in my company.

Me: degree is a must to get a decent job in malaysia also... i took ptptn loan, but none of the companies i interviewed said they will pay the loan i took. So my human right, my employee right is even worse that the nepalese and banglas. Reality is sad. :/

i took ptptn loan too... so my company should pay my loan :( having a degree is one of the requirement for a job...

@chua joe beng
just is case people wondering why only 8sen dividend, its a 8 sen every share dividend (can go ahead calculate how much the dividend is). If before splitting is a 24sen per share dividend.

IB will push down to buy thats for sure, but what i dont get is sell down to "profit take"... like you all know what logic is this... They came in around what price? i give you all the lowest point (price number after split) within this 3 months la, about RM5, then it went up to RM9++, how much they still holding? and if count in the CBP issue that dip, that one lowest is about 7.50, i give another dipping, a week ago, 6.11. You ask them to profit take by selling at RM8, and continue to sell down to RM 5 Something (someone say one you all go check the comment section), IB all saint, they absorbed the loss for you all to buy. Their no QR to jaga, their no shareholders to watch them one.

if want to argue that their probably hold since april, then okay lo roller coaster so many rounds they still with TG also good sign ma

tell you all again ha, large volume came in around RM 19, RM 27, RM25 this 3 months, you divide these by 3, you know where the minimum is. Paling paling rendah is RM6.11 a few days ago. RM5? IB go so low so that you all that missed bus or want to average down can buy? LOL you think they stupid ka? RM 7 and RM8 buy from you, then RM5 sell back to you. Banks no need care their QR one? the rugi they absorb? let you buy cheap?

3 months ago, people also say one off profit. now 3 months later the profit become 3 fold plus. One off or not, what has been earned is earned. Now they so much money they can do different things to expand their range of products. The old average PE might no longer apply because new capacity to generate profit will be generated using these extra money. Things change, and they change fast. You macam sot sot de, playing mother share like playing warrants. Woi Top glove name only top glove, no rules say they really only can do gloves. No rules say their have to close shop after earning this "one time profit", i do wish this 1.3b is one time profit, new round and future be more than 1.3b k, 1.5b, 2b and more :) Even if in future the price grow until the point i no money buy i also want to see these sour lemons kena geksei

how is 1.3b below expectation? its a glove counter, not a smart phone counter. now they earn one year's worth of revenue as profit with 3 months, what you want. you paying RM8 per share, not USD8/share can anot.

@liquidity Bluechip king in malaysia Nestle (malaysia rakyat no matter how broke will still buy nestle products) also 800m only.

@liquidity, yea 1B for a mid low tech field is like.. god like edi. They think TG makes smartphones or rocket spaceship

@Invest1688 everyone guessing one number sure will have one tepat one ma

my rookie tip: minus RM2 for all legit-looking TP for the most conservative TP for personal calibration.

gone case country la NZ, another white lotus. They are forcing 3rd world industry to stop employing 5th world countries manpower in the name of human right defense. Btw, population of Selangor alone is more than 6.5 Million. and actually, less than 5% of local malaysian earn more than their minimum wage. Their minimum wage is about 18.90 NZD per hour, which is RM 52.40 per hour, many of us earn only RM50 a day. A DAY. Our lives and time is worth 8 times lesser than them, wouldnt it make more sense for them to pay NZD$20 for one box of gloves to malaysia supplier directly so that more money can flow to the worker? why buy from ansell? why bought from another first world country that exploit us? Ansell is Australian company isnt it? they strip 50% of the profit and gave peanuts to malaysia and now malaysia have to spoon feed the foreign worker like the workers are some long lost prince from NZ? hello? not like malaysia dont want to be nice to foreign workers, we empathize with them because we also often have family members who are working like kulis in other kononnye first world countries, its more like we are not as rich as AUS and NZ that we cant do like their standard of good because what is normal wage for NZ actually LUXURIOUS here? can you imagine earning close to RM9k just by packing gloves into boxes?

Maalaysia DO NOT HAVE FACILITIES AND EXPERTISE WITHIN OUR BORDERS TO DEVELOP VACCINE, LEAVE ALONE MASS PRODUCING ANY OF THAT. We only in-charge of exporting life sciences experts to Australia and other countries okay, our "vaccine production flow" stop right there. Dont say vaccine, a product so chim, some of those less-chim oral swallow tablets also cannot produce. We at most can make generic medicine like paracetamol only. Even lotion and shampoo, many are made in Thailand.

btw, the small fishes got burned because one IB said Top glove TP is RM5++ but inside the report, they estimated Top glove will be earning even more profit in 2021 and 2022. This "more" is directly comparing their own estimation when they quoted RM30. Meaning their saying: "Topglove will earn more than what we estimated for RM30 for 2021 and 2022, but i think you wont read the small number so read this big font TP RM5.40 can edi, and quickly sell". Small fish never read properly panic and made themselves into ikan bilis goreng, put into plates nicely and served, other big fish smirked and quietly pakat to average down. If you one of the conman arh greedy, I wish karma find you and follow you. The amount of these people lost enough to make you poor for a few lifetime. Which is quite nice for conman of greedy big financial firms. You divert the blame more to TG la, Karma doesnt need us to help do judgements.

gulung tikar, a.ka. closed down, you understand ma? delisted is no big issue in front of closing down. see the point ma? among the big 4, Top glove usually isnt the one with highest share price nor the one with most share, so you can see they dont really like pump their own money into drain. Only recently they earn too much money they split and buy back. If a company that has so much money but dont buy back, you feel weird anot. Greedy, your name told you to not be greedy edi. Dont demand people to work your way la. You king meh, or you 3 yo? Cheat what? you want sell then sell la, if they really pump money inside to raise it back up, many small fish got time can escape ma, cut loss also no need so pain ma no good meh. You so contradicting la. You conman of the IB is it. the Price wont go down too low to allow too much sapuing by prepared big IBs. You are the one dont dream. Heard of negative feedback mechanism before? go google, its a natural system.

greedy, you know what, glove industries isnt your normal goreng counter. most of us dont even know Top glove until like recently. Most of us thought best gloves have to buy japanese brand summore padahal ever 4 pair got one pair made by TG. You think how they survived this 30 years? saving share price? i think tan sri has more old school thinking, you give him money, he will buy more land and build more factories to earn more money. Without the fundamental you pour all the money into share price also no use, one transaction of 1 lot enough to bring down the price. BE smart a bit, he is a businessman not charity guy, money put at place that needed. or else Topglove long time gulung tikar edi.

i dont know edi, nowadays companies cannot earn more money, earn more, then TP kena downgrade. LOL

@purebull, knew something was off. the profits they calculated to project their TP 5.40 is actually more than their projected profits for TP 30? so now the modern take for IBs to quote TP is following the "make more revenue/profit = lower TP" logic? like what the hell is going on. If they are catching those that dont read fine prints... then.. i also dont know what to say edi. tg revenue last year less than 5bn leh..profit only 430m. 2019 is a year where gloves suffered an oversupply issue, and they managed to stay at about 8% profit while still expanding and acquiring.

"The first table was by on the upgrade to TPRM30.40. The estimated revenue for 2021 and 2022 were RM12.14bn and RM7.413bn respectively. Reported profit for 2021 and 2022 were RM4.646bn and RM850m respectively.

THE DOWNGRADE REPORT projected revenue for 2021 and 2022 to RM19.058bn and RM9.023bn respectively. The expected profit for 2021 and 2022 were RM10.259bn and RM2.022bn respectively."

one common pattern of the TP given by big fishes, is that the actually will never reach the TP if new TP is not a lot higher or lower or no new TP announced at all. Whether lowest or highest, take it with a grain of salt. If got extra money, can buy and keep because like it or not During Covid this sector earned a lot of money and i suppose even if the management is some monkeys and they keep buying overpriced items also can ensure their tech growth to be higher than the total of past years' investment.

bursa needs some level of freedom for market manipulation, you think we usa stock market meh, without these big arses this pond most likely will be dead pond since 1997. But anyhow, if IBs want push down the price, let them push, then either the company or those with holding power sapu and hold. if you are having paper loss but you have holding power then holding, dont accidentally feed the IBs. Let the pushing and buying war stay between management and the IBs. Come in earn money edi not enough, want to destroy malaysia's manufacturing economy ka?

PotentialGhost yes, one day will back to normal. One day we will change to 6G phones one ma, why you bother to buy phone now? why you buy 5G phone? Dont buy. Waste of money. ASP will revise, but capacity? Capability to strangle the smaller player with their enormous production capacity and capability to revise their ASP so low that they can starve the small players or brand polishers out of the game?you know how to play this tactic? Now they 26% of whole market share, if you starve them out arh will you be able to secure 5% more? high ASP is a shortcut to raise your profit, what matter most is where your company can go so low in ASP and yet still earn similar profit, by raising your revenue. Do more work, get more business, the life cycle of companies cannot always expect "normal" to be high profit%, they should train themselves to get used to low %profit but still shocking profit. you know why harta gg-ed in this race? you know how much their %profit is pre covid arh? i give you example la, they earned almost 3 times by sell one pc of glove compare to tg selling one pc. Can they stand a ASP reduction? Can TG stand a ASP reduction?

@boringguy, yes you are right, after 6 months how? maybe we should question ford, BMw, Benz all those also, how they grow so thick face claiming to be the top car brands arh? they making normal cars only, now japan flying car prototype also out edi, sooner or later we will all have flying cars, they worth so much meh, confirm gulung tikar once the flying car in production, its so clear that everyone is excited to see flying car and will buy the flying one and dump the road one. Cannot justify their earnings now, temporary only.

Technically speaking no business can forever maintain their earning if they dont do R&D and expand. Everything also temporary lure only, stock market is the ocean of greed. Same goes to banks, but their are leeches la in essence, so if their hosts, which are "temporary" earning companies like tg and toyota and many more dies, their end also not very far edi. Now that you know stock market is just temporary shitty place that want to eat up your money, quickly sell everything and go back to menabung k. See rosmah, she is a good example how menabung makes you rich. Not stock market!

i actually wish more can throw out. Too many shares at chapalang people's hands, QR good drop, good news drop, bad news lagi drop because people scare being the last one to sell, haiya, quickly sell la cant you see people wait for RM 5 neck also long edi. Sell before QR you know, because many will sell before QR come out one. losing money also chop you know. the earlier you chop the better. Sell until bursa hang for the second time for TG. Thanks.

walao, i also kena misled, @jeep, company buy back that announcement, you go read, people wrote there clearly company buy back @ RM7+.

@jeep company buy back not using market price meh you sure anot RM1, dont know where you pluck this number from. then company can easily eat IBs la, IBs can gulung tikar straight away lo, go back kampung plant potato can earn more la. Imagine if company buy back at RM1 from market, you sell at RM1 or IBs sell theirs at RM1? Then Company sell back to you and IBs at RM 7, you sure this one legal? did coronavirus infected your brain?

@sensonic sebab lu jual bila rugi lo. Jual bila untung tak boleh ka? pegang kuat kuat.

banks sure collect one, now they just need to push to rm8 to trap new ikan bilis since many cut loss when it fell this 2 days

so many q buy at around 6.59... why. not say wait RM5 meh. LOL

so macquarie release ulti to lower down the price for all big fish to stock up and depleted MP edi (in terms of the title that suggesting they no more playing glove stocks in public and will pretend they will switch their view to other stocks) now it depends on other investment banks to carry it upwards?

yea force selling, should be Macquarie, they enter the party room quite late so their bait for ikan bilis finish faster. So now they topping up bait supply by processing the flesh of ikan bilis that fed them into new bait. Aih. See how the other banks. Yesterday only CIMB buy call hahah one slap from macquarie. its a margin call to flush out the margin ikan bilis this round, next round will be contra ikan bilis.

@big3 ESOS is for employee, or you want another round of us detention?
@newkid, if everyone here has holding power against IB, then they are the ones that have to sell at loss. Unless you convert from paper loss to actual loss by "cutting loss" la. If not how IB earn you money leh? if they force companies to close down delisted then i will just take it as a price to pay to see these IBs show their ugly side lo. like how crude oil went to negative price and still call itself a real price not a manipulated one a few months back. Imagine you buy oil, and the seller have to pay you money. See the logic?

if it goes down to Rm 5, seriously how many of us will top up? we might wish it reach 4, 3, 2,1. reach back pre covid pre BI RM 1.33, lets pretend our money still worth as much as precovid times la :) anyone checked how much selling price for satu bijik apple in night market?

US kastam said i wont let you in, but whatever you sent here you cannot take back also. Knowing american authority, you should know its their call for under table money.

actually harta ASP is the highest among top 4 before pandemic. Its not that they "didnt raise they ASP too high during pandemic" is that they already raised their price before pandemic hence the space for they to raise WHILE keeping their price competitive relatively small. They were selling about double of whatever TG's selling before pandemic i think. To me, harta is walking the branded path la, make lesser, but with consistently better marketing and advertisement and profit margin higher.

interesting to see why someone bother to waste time on stock that he doesnt like. Either HLT killed his company or his was paid to do whatever he could to bring down the price, or more. I dont see mike is trying to help any retailers, he is putting too much effort in badmouthing this counter i would called it "working". this is some hard work leh, but we all must understand that no one work hard without benefits. Question is what is the benefit mike is getting from the hard work he is being doing everyday? I see his comments my eyes also tired.

actually arh, if you all put it in another viewing angle, the question about "if everyone earn money then who lose" the answer might "those who didnt put money in places that can secure the value". Could it be that part of the "hike" in stocks actual was due to too much cash in the market? Did anyone feel like the RM50 actually shrunk very badly in the past 3 months? is the cash on our pocket shrinking because "someone have to lose"?