Should i buy now for harta quarter result?

Me too will buy with everything I have. Thanks Supermx for the profit i made from 3.00 until now.All in again.

https://www.malaysiakini.com/news/535688
Don't expect first Covid-19 vaccinations until early next year, says WHO

clouud1234 If vaccine comes out, the amount of gloves will actually increase dramatically, not decrease. Because every time an injection is given, a new set of gloves is needed. And because of the epidemic, doctors and nurses will protect themselves even more.

You can think about the following cases. Take the total cases of covid19 as a reference. There have been 15 million cases worldwide so far. During this period, our glove company's orders have been scheduled to the end of next year.

Just imagine, if a vaccine comes out by then, and 700 million people worldwide need to have a vaccine, have you ever thought about how terrifying the demand for gloves will be?

You can say that it is possible that 100% of the people in the world will not get a vaccine. That's good, just cut down 70% of the population, and the remaining 30% will get a vaccine. Then 2.1 billion people will get a vaccine. 2.1 billion! You may also say that not every doctor or nurse wears gloves to give injections. If you are more conservative, cut more than half. The remaining 15% use gloves to give injections. There are still 1 billion people who need injections. 1 billion people compared to the current 15 million cases.

This has not yet calculated whether vaccines need to be played every three to six months or whether they need to be repeated.

Therefore, even after the vaccine comes out, it is estimated that the demand will continue for more than half a year to a year.
23/07/2020 11:39 AM

If vaccine comes out, the amount of gloves will actually increase dramatically, not decrease. Because every time an injection is given, a new set of gloves is needed. And because of the epidemic, doctors and nurses will protect themselves even more.

You can think about the following cases. Take the total cases of covid19 as a reference. There have been 15 million cases worldwide so far. During this period, our glove company's orders have been scheduled to the end of next year.

Just imagine, if a vaccine comes out by then, and 700 million people worldwide need to have a vaccine, have you ever thought about how terrifying the demand for gloves will be?

You can say that it is possible that 100% of the people in the world will not get a vaccine. That's good, just cut down 70% of the population, and the remaining 30% will get a vaccine. Then 2.1 billion people will get a vaccine. 2.1 billion! You may also say that not every doctor or nurse wears gloves to give injections. If you are more conservative, cut more than half. The remaining 15% use gloves to give injections. There are still 1 billion people who need injections. 1 billion people compared to the current 15 million cases.

This has not yet calculated whether vaccines need to be played every three to six months or whether they need to be repeated.

Therefore, even after the vaccine comes out, it is estimated that the demand will continue for more than half a year to a year.

Vaccine is not enough for whole world.So the virus will continue spreading and mutating to spread faster.There will be 3rd wave of coronavirus which is very serious will happen in the future.

Kyy just a small ikan bilis compare with other big shark.So no need to worry about KYY.Fundamental good,hold.Fundamental no good ,throw.Simple.Kyy always want to create fear to buy huge.Simple,when kyy want to buy more Supermx in huge volume he will create fear.Now,he want to sell Comfort then he recommends buy call.Guys dont fall in to the trap.Summary is kyy want to sell comfort to buy supermx because of the bonus issue.

kelvin5349 never be afraid my fellow friends.

you invested in supermax because of its fundamental and the numbers proves it all...

ALWAYS TRUST IN NUMBERS...

btw dont worry about KYY, he is a little late to the party but the music is still playing and will play in fy21

KYY moves are small to impact anyway...big funds are already in now so if they move, supermax will move as well.

wait until qr is out then see for yourselves

Buy buy buy

China flooding causes delays of up to three weeks
West of Wuhan in Xiantao, sits China's largest manufacturer of nonwoven fabrics used in the production of PPE.
Torrential rain has created additional barriers for exporting goods, including PPE, as some shipments may be delayed by up to three weeks, according to a report from Reuters.
"It's just creating another major roadblock here in terms of PPE getting into the United States – it is the worst of times for it to happen but that's what we're dealing with right now," Michael Einhorn, president of Dealmed, told Reuters.

https://www.bloomberg.com/news/articles/2020-07-18/covid-most-of-world-to-face-virus-without-vaccine-expert-says
Most of the World May Face Covid Without a Vaccine
“There will be another wave, and it will be very serious.”

When the market go down for one more round,make sure you buy their warrant or mother share and hold until next year.Any top4 warrant will do.You will earn.If this virus end,the glove business will still in trend also.It will already become a trend for this world to use glove.You will not have any chance to make the glove stock down unless dji market crash,maybe will effect glove go for correction. It is already unstoppable.Sometime it will make some correction only. Buy when correction and hold.If you enter very low price,then just hold.If you enter high then Tp when vaccine available,vaccine will make glove price go for correction then will continue up after that because many stupid ppl still thinking that vaccine will effect glove business.This is my personal opinion only.If you agree then buy and hold in the next correction.

Many countries will not have vaccines, if vaccine available next year.And the virus will continue spread to 90% of this world.Vaccine cant stop glove lah,sohai ppl.Beginning of next year can just produce half 0.5billion vaccine only,this world population is 7.5billion people.Use your dick brain to count lah,sohai.Even next year vaccine cant stop this virus entirely to the world.Dont expect vaccine can stop glove in this 3 years time.All top4 will continue to expand their glove business in this 3 years from now.So better invest in glove b4 too late.Stop spreading vaccine news to make the price go down lah,useless lah.Spread vaccine news after 3 years lah.

Bloomberg: What does that mean for vaccines under development?

Stohr: We’re in a big, big quandary. We have to throw all the resources we can afford toward the development of a vaccine. On the other hand, I believe common sense tells us vaccines will not be available for the majority of the world.

There may be, by the end of this year or beginning of next year, a half a billion doses available. The world population is 7.5 billion. Particularly in those countries which have insufficient infrastructure and struggle with their health-care systems and have huge populations, what vaccine are they going to have?

LONDON (July 18): Klaus Stohr has urged governments for many years to prepare for the grim possibility of a pandemic.

In 2003, he played a key role in a World Health Organization investigation that swiftly identified a coronavirus as the cause of SARS. Stohr also sounded the alarm on the pandemic potential of avian flu, bringing countries and companies to the table to increase production of vaccines in case it began spreading widely in people.

In Covid-19, which has killed almost 600,000 people, the world faces the crisis that the virologist has long feared. Stohr, who left the WHO to join drugmaker Novartis AG in 2007 and retired a couple of years ago, paints a sobering picture. He spoke with Bloomberg by phone, and his remarks have been edited for clarity and readability:

Advertisement

Bloomberg: How do you see the pandemic advancing before a vaccine potentially is available?

Stohr: The epidemiological behavior of this virus will not be that much different from other respiratory diseases. During winter, they come back.

There will be another wave, and it will be very serious. More than 90% of the population is susceptible. If we do not tighten again to a serious lockdown or similar measures, the virus is going to cause a significant outbreak. Winter is coming before the vaccine. There will be an increase in cases, and there will be problems containing it because people seem not very amenable to more constraints in their movement and freedom.

Bloomberg: When do you predict vaccines may arrive?

Stohr: Countries like Germany may have a significant amount of vaccine by the beginning of next year and a rollout that may take four, five, six months for the elderly. The strategy may be different for a country like Brazil, Argentina or Chile, which may never get a single dose of a vaccine and still has to cope.

The world will be divided into two groups, those with vaccines and those with no vaccines.

Bloomberg: How do you see worldwide immunity ramping up as vaccines are introduced and the disease spreads?

Stohr: I would assume that by the middle of next year a significant portion of the world will have antibodies. That will increase gradually over time. Then there will be a third wave, and when that is over, I would think that 80% of the world may have antibodies if lockdowns are not instituted, which I doubt.

Bloomberg: What does that mean for vaccines under development?

Stohr: We’re in a big, big quandary. We have to throw all the resources we can afford toward the development of a vaccine. On the other hand, I believe common sense tells us vaccines will not be available for the majority of the world.

There may be, by the end of this year or beginning of next year, a half a billion doses available. The world population is 7.5 billion. Particularly in those countries which have insufficient infrastructure and struggle with their health-care systems and have huge populations, what vaccine are they going to have?

Bloomberg: A number of groups, including the WHO, are focusing on equitable access. Won’t that help tackle those concerns?

Stohr: It would be irresponsible not to do anything. Nevertheless, the majority of the world population will not receive a vaccine. The virus will continue to spread, and it could take two to three years before the virus has affected a large majority of the population.

It’s not the vaccine that’s going to end the pandemic. The virus will end this pandemic by burning every piece of dry wood it will find. The fire will not go out before the last susceptible person has been affected.

Then the question is what role will any vaccine play afterwards.

Bloomberg: You seem optimistic researchers will succeed in coming up with vaccines. How do you assess the prospects and potential risks?

Stohr: The coronavirus is not a particularly difficult virus to handle. Even the conventional vaccines could make a difference, and we have different approaches, vector vaccines, mRNA. That is very promising.

In the past, when a vaccine is introduced, you have a gradual increase in its use, in the number of people immunized, and if anything comes up, even very rare events, they will be noticed pretty early. But here, a vaccine will be used in large amounts, possibly hundreds of millions of doses, in a relatively short period of time, six months to a year. So the question is if there is anything possibly lingering in the vaccine that cannot be detected in the large-scale safety testing during the approval process.

It could hit many, many people. If you immunize 500 million, and it’s only 1 in a million who is affected, you still have a significant number of people who may have safety problems, so that is something that has to be addressed. But one has to balance the concern about the impact of the disease against the concern of the possible impact of the use of the vaccine.

Bloomberg: You’ve said countries need to adjust their strategies. What is the best approach governments can take?

St

Right or not what I tell you.will up today.Stupid monkey fellow,ask them to come out now.

Who say sell ask them come out now

Free2invest agree

Dont you get it,the intention to buy back is high.So the share cant go so much lower.Will very fast rebound becoz of the buying demand.Then will up like crazy.This is Malaysia No1 Top Glove Maker.People are planning to average down,that's mean the buying demand is there.Big fund will average up as well if drop.At the end will up.

Will go up crazy if you dont believe it.The IB will do the opposite thing
You sell,they will buy,at last will up like crazy.Because this is a small matter to the company.They still can ship their supply to US with another company.Thats why Big fund still will hold and buy more of Top glove share.Losing is retailer,banker will win at last.Will be so stupid to sell now,banker will win all your loses.Better hold,very fast the share will up like crazy.Many people are planning to buy Topglove now as what you see in this blog,they are not planning to sell but buying.But they just want to buy cheap.The demand of buying is high,so the price cant go low much.You see the picture.For me will hold and buy more coz the Tp Is high,people will chase.

1 and 3

Consensus Rating For Top Glove
Research House Recommendation Target Last Updated
Credit Suisse Outperform 37.00 15/7/2020
Kenagga Invst. Outperform 32.00 13/7/2020
Ta Securities Buy 31.66 14/7/2020
Hong Leong Buy 31.31 15/7/2020
Bimb Securities Buy 31.30 14/7/2020
Nomura Buy 30.65 14/7/2020
Macquaries Outperform 30.40 14/7/2020

US Custom Border Protection (CBP) banned import of gloves from Top Glove Corp Of Malaysia - Koon Yew Yin
Author: Koon Yew Yin Publish date: Thu, 16 Jul 2020, 11:15 PM

Many investors misunderstood the whole issue and started dumping all their glove shares including Comfort and Supermax when they heard about US banning import of gloves from Top Glove. Unfortunately, at the same time at 3.30 pm today Bursa also had a technical hitch to suspend trading which created or escalated more fear.

Investors should read the announcement by Top Glove that its management has taken all the necessary action to comply with the rules set by our Malaysia Ministry of Human Recourse regarding the employment of foreign workers in Malaysia. Previously foreign workers needed to pay agency fees. Now Top Glove no longer collect agency fees. Although all the poor foreign workers wanted to work longer hours and 7 days a week, now Top Glove only allows workers to work not more than 8 hours a day and 6 day a week. Top Glove also no longer retain foreign workers’ pass ports.

If US CBP continues to ban the import of Top Glove’s gloves made in Malaysia, Top Glove can export its gloves made by its factories in China, Thailand etc besides Malaysia. US is not the only buyer of gloves. Moreover, Top Glove can increase its export to so many countries around the world.

In any case, Comfort and Supermax are not concerned with Top Glove’s problem. In fact, Comfort and Supermax can take advantage of the situation to increase their selling price to make more profit.

Currently there are 13,732, 000 Covid 19 cases and 587,728 deaths around the world. These 2 figures are still spiking higher and higher. There are more than 200,000 new cases every day as shown on the chart below.

Currently, there are 3,618,739 Covid 19 cases and 140,185 deaths in US and the number of new cases is still spiking higher and higher as shown on the chart below.

As a result, the demand for gloves will continue to exceed supply and all the glove makers are increasing their selling prices to make more profit which should be reflected on their share prices.

I trust this article can help investors to think logically to make more money. Investors should be able to understand my article to hold on to their shares instead of rushing to dump their holdings. Investor who have buying power should take advantage of the situation to buy more shares. Remember this is a rare opportunity to make more money.

Topglove already discounted from 25.00 to 21.00.you all should buy.This is a real bargain.For me I will buy more since IB have revised the target price to be 30.00 over.21.00 to 30.00 ,9.00 profit.Should hold and buy more.

KUALA LUMPUR, July 16 — The detention order issued by the US Customs and Border Protection (CBP) on its goods will definitely affect supplies to the US, glove manufacturing giant Top Glove Corp Bhd said.


It however assured that the effect is not serious as it can still ship to the US.


Executive chairman Tan Sri Lim Wee Chai said the company will continue to ship but will park at the free trade zone as they are allowed to do so for a period of two weeks — the minimum amount of time that Lim said is needed to resolve the issue.

“If they (CBP) are willing to settle (the recruitment fees issue) then they can release the shipment.


“Otherwise, the shipment can be diverted to other countries like Latin America, Canada and even the Middle East countries,” Lim told reporters during a virtual press conference today.


Lim had earlier said that the reason for Top Glove’s detention order is likely the reimbursement needed to be given to workers who previously paid recruitment agent fees to get a job at Top Glove.

According to Lim, sales to the US represent 25 per cent of its total sales, where two of the subsidiaries that have been issued the detention order hold about 12.5 per cent of the 25 per cent business.

“Other countries can take up these orders easily.

“We have other plans as well if the US does not allow the shipment to enter into their country,” he said.

When asked about losses due to the detention order, Lim said while selling price to the US is high, the selling price to other countries is still good.

“It could be less, but still good. If the Covid-19 period is prolonged, it should not be an issue,” he said, citing the Covid-19 situation in Brazil, Peru and a few other Latin American countries.

He added that two weeks to a month is “nothing” as the US’ demand for disposable gloves is higher than what it currently has.

When asked about share prices, Lim said they will be temporarily affected but it is not as bad as what was previously experienced due to a legal dispute with rubber glove manufacturer Aspion Sdn Bhd.

In addition, managing director Datuk Lee Kim Meow said the situation is different from when glove manufacturing company WRP Asia Pacific Sdn Bhd was faced with a similar matter.

“During WRP’s detention order, there was no Covid-19.

“As for those who have already paid deposits for their orders, we’re not worried about them knocking on our door, demanding a refund.

“Because they know that they will have to be on another waiting list if they were to order from another manufacturer. They would rather wait for us to resolve this matter,” he said.

You sell other big institution and fund will collect your ticket.You sell more they will buy all of them.And go back to 25.00.30.00 is no long journey for Topglove.

Shareinvestor8888 dont waste your breath lah.You are like monkey to me.Topflove share holder know the value of this company,they will think by themselves.Whether sell or not.For me I will buy more tommorow,since this is a small issue to Topglove.

21.24 ,all previous trading are refund.

Shareinvestor 888 and Mf already famous in i3 to make stock down.last time talk bad about Supermx and ask investor to sell,that time is 7.50.Now almost 18.00.Dont trust shareinvestor8888,he also go to all channel talk bad about that stock so that they can buy cheap.I know this guy,still have more people like him in i3.I remember they Ask people to buy pemaju and astro also,then all go down.Dont believe them.

You thinks bursa so coincidentally down,i think it purposely shutdown because a lot of big fund in the Topglove.Topglove have such influence power to made bursa shutdown to prevent the share to drop further.It shut down because the news spreader purposely spread just right before the afternoon closing,so that Topglove cant react to the news.Thats why forced to shutdown Bursa.They have such a big influence power,do you think Topglove will limit down tommorow.Think twice.Hold your share tight,dont let those bad news spreader influence you in this channel.They just want to buy cheap Topglove share.Dont let them do it.

Topglove already made a conference at 5.30 pm.

All are welcome

Dear Analysts,

Top Glove Corporation Bhd: Updates on Order by U.S. Customs And Border Protection (CBP) on Disposable Gloves Manufactured by Top Glove

We are pleased to invite you to a conference call via Zoom on the issue

Date: 16 Jul 2020 (Thursday, TODAY)

Time: 5.30pm (we advise you to join the Zoom half an hour earlier)

Link: https://zoom.us/j/92152262844

For enquiry, please feel free to contact the following:

Ms. Michelle Voon | Tel: 03-3362 3098 ext: 2228 | email: wavoon@topglove.com.my | H/P: 016-6688336 or

Ms. Lee Shee Bee | Tel: 03-3362 3098 ext: 2409 | email: sb_lee@topglove.com.my | H/P: 017-243 9780)

Top Glove Special Conference Summary:
1. Tan Sri said this issue was pursued by Activists (the NGO) to pay back the recruitment fee to the workers.
2. Tan Sri showed his dislike of these Activists because this seems one-sided action and TOP GLOVE are not given chance to respond.
3. TOP GLOVE are using WRP, KAREX, ANSELL as prior settlement cases that they paid up 4.5M-10M and that TOP GLOVE can do the same, expecting RM15-20M.
4. Same consultant to WRP will be engaged to help settle the case, time frame expected 2-4 weeks.
5. Tan Sri seems to accept that paying up will help lifting the retention order, rather than contending the issue CBP.
6. The shipment will continue going into US trade zone until the issue is resolved.
7. Currently only these two subsidiaries are in the spot light, no mention of other subsidiaries.
8. Tan Sri said US shipments if they are not desired they can be returned to Malaysia or be routed to other countries in need, but Tan Sri do not think US will do so because of grave supply situation in US.
9. And Tan Sri do not worry about the refund of deposit as the customer may have to pay more and start a new queue if they source somewhere.

Top Glove
Date: 16 July 2020, 530PM
Management: Cheong Guan, Tan Sri Lim and Dato Lee

Action mgmt will take? - 1) TOPG US office has engaged with CBP - find out why are the reason/s they put TOPG into the list. 2) called consultations which got WRP to get out their detention order previously. Confident to overcome the challenges in the short period of time ~2-4 weeks. WRP was off the detention list within 2 weeks because the US need gloves urgently.

What’s the progress of 2019’s claims? Workers need to pay agency fees previously. TOPG took action and no longer collect agency fees. Estimated RM20-50m need to compensate the workers who arrived in Malaysia 2-3 years ago. Activists wanted TOPG to reimburse the worker immediately - working with HR to reimburse immediately. Activists continue to target TOPG.

Any other issue that could cause the detention? No, only on foreign worker treatment issue. Issue was foreign workers work more than 7 days a week. Management don’t allowed them to work more than 6 days/week now. But, foreign workers actually wanted to work longer hours, but TOPG do not allow.

CBP doesn’t require very strong ground to impose detention. CBP look into 2 main areas - 1) Passport retention - TOPG no longer detain foreign worker passports , 2) Recruitment fees - looking into it actively to come up with the calculation to reimburse foreign worker. Has adopted zero recruitment policy since Jan-2019.

Activists tend to rely on consultations. 3rd parties audited TOPG. Engaged with 3rd party independent consultant

The detention list only have 2 TOPG subsidiaries. Impacted 12.5% of TOPG business. TOPG will continue to ship and park in the free-trade-zone. Detention is 2-4 weeks depending on the settlement (previously WRP is only 2 weeks) and once it is settled the stocks can be released. Customers will complain to the US custom as they demand gloves urgently.

On worse case scenario, can ship to other countries. Will have to return deposit to US customers. Customers not urgent to collect back their deposits because they demand the gloves.

ASP to other countries will be lesser than US but still high. ASP difference between US and non-US? Spot orders ASPs are similar. Normal orders 5% differential.
This is really a very small matter to the company.Believe in Topglove,tommorow will be a good day.

https://klse.i3investor.com/servlets/ptg/7153.jsp
Kossan price e target is 15.00 from cimb

Gogogo FRONTKN UP UP UP

My sifu said this counter will up alot in this few days.Dont miss the boat guy!!!

Yup,my sifu said at least 4.00.Guys dont miss the boat.

My sifu said will up in this 1 or 2 days.I covering a lot of ticket already.Guys dont miss this boat.Will up until father and mother cannot recognize u.

Where is those Supermx hater,ask them to come out lah.Where are you,idiot.Come out,open your eyes and see the price now properly.

Today airasia will fly

DJoker89 For Genting I already cut loss because I made wrong decision,I admit.No need to put salt on other people wound.

Better follow the trend,if you against the trend,what will happen? unless you hold your position until the market crash and recover again.But issit wasting your time?Up to you,your decision we respect.What I mentioned earlier ,is not 100%will happen.Make your own judgement.Good luck guy.

The coronavirus keep rising and rising,America cannot tahan too long.Why dji not rebound strong this few day is due to many investor are staying aside from the market.They scare the market will crash.When people are watching and not buying,the market cannot up.Like klse today,so quiet,no shark is spotted,they also stay cautious.Those who cut loss will make the market down even further.The dji is likely to crash if the coronabuddy dont stop.My advice is Save your bullet,opportunity to make money is when the market crash and rebound.

No joke bro ,really better dont touch the market first.See whether dji will rebound or not.The DJI crash is no joke,it effect global economy system.When mutual fund start to throw their holding,it is jia lat liao.Cut loss is the first thing to be done if situation goes worse.Anytime can buy back low.Those who choose to hold we respect their decision too.Just a small advice.

It is not Supermx trading at dow jone but the global market are watching dji to make their investments decisions especially day trader.Thats why it will indirectly will effect Supermx performance.Like one guy said in this forum,if they is no buyer interest in one stock,no matter how good its Fundamental,it will going nowhere.I would rather say if trader are staying cautious it will going nowhere.Investor are so sensitive with dji up and down.

Today up kaw kaw lah

Wall Street higher on signs of recovery, Nasdaq hits record high
June 23, 2020 by Reuters
By Devik Jain and Medha Singh
(Reuters) - Wall Street's three major indexes rose on Tuesday as improving economic data and the prospect of more stimulus bolstered hopes of a swift recovery, while a jump in technology shares powered the Nasdaq to another record high.

Wall Street gains on signs of economic recovery, Nasdaq hits record high

https://www.investing.com/news/stock-market-news/stock-futures-rise-on-trade-deal-relief-business-activity-data-awaited-2209630

Wall Street gains on signs of economic recovery, Nasdaq hits record high

https://www.investing.com/news/stock-market-news/stock-futures-rise-on-trade-deal-relief-business-activity-data-awaited-2209630