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2021-01-07 15:07 | Report Abuse
6 Jan 2020 Top Glove AGM Summary
1. ASP in Q2FY21 is expected 30% higher than Q1FY21. The whole industry players in gloves manufacturing agreed that the ASP will remain strong for year 2021.
2. Delivery period increase from 30~40 days previous to 560 days and 370 days for nitrile and natural rubber gloves respectively. Note: Nitrile and natural rubber gloves comprises of around 90% of Top Glove revenue in FY20.
3. US gloves stockpile reduced from 16.9 billion pieces to 2 billion pieces in October 2020.
4. Some Top Glove customer stockpile for gloves reduced from 2~3 months to 1~2 weeks.
5. Top Glove is exporting gloves to 195 countries currently.
6. Top Glove has enough raw material for continuous manufacturing of gloves.
7. Top Glove expects new players in gloves manufacturing facing issues from factory installing, workers and raw material issues.
8. Dividend payout for Q2, Q3 and Q4FY21 will be 70% on PATAMI.
9. Reason for share buyback (SBB) is because Top Glove thinks their company is undervalued at the purchased price and expects better return than putting into FD which gives 2% only. The amount of SBB is only 2.15% from the allowed 10% threshold.
10. Top Glove has 4 billion cash as of 31 Dec 2020.
11. US Border issues will be resolved when the independent international consultant verified the hostels and accommodation meets the required of Workers Housing Act 446.
12. All Top Glove factories that has been affected by Covid-19 lockdown has been resumed operations as of 20 Dec 2020. The lockdown is expected to impact 4% of the total revenue and profit.
13. Top Glove is spending 100 million for next 3 years to build hostels for 7300 workers and using 95 million to acquire new apartments for 2700 workers.
14. Top Glove is moving towards automation direction which previously 1 million gloves need 8 workers and now only 1.6 workers.
15. Top Glove current factory utilization rate is 95%.
16. Malaysia will remain the focus ground of gloves manufacturing activities at the same time expanding their existing foreign manufacturing plant.
17. Top Glove Hong Kong listed is expected around mid 2021.
18. Top Glove aims to achieve Fortune500 by 2035 with an expected CAGR of 20%. Note: Top Glove current CAGR is 28%.
2021-01-04 14:40 | Report Abuse
TOP GLOVE CORPORATION BHD ("TOP GLOVE" OR THE "COMPANY")
THE BOARD'S COMMITMENT ON SPECIAL DIVIDEND
In consideration of the good profit performance and strong cash flow, and to reward its shareholders, the Board of Top Glove has committed to a Special Dividend of 20%, in addition to its existing dividend policy of a 50% dividend payout ratio on PATAMI, for 2nd Quarter to 4th Quarter of Financial Year 2021. The total 70% dividend payout ratio on PATAMI will commence from 2nd Quarter of FY2021.
The announcement is made on 4 January 2021.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3118323
2021-01-01 18:14 | Report Abuse
https://www.cnbc.com/2020/12/31/china-gives-conditional-approval-to-sinopharm-coronavirus-vaccine.html
China gave conditional approval for Sinopharm vaccines.
2020-12-31 00:30 | Report Abuse
https://youtu.be/S4ZrlYHyjZU
Covid-19 getting very dangerous
2020-12-30 16:01 | Report Abuse
someone is still clearing his shares @ 0.180
2020-12-30 14:03 | Report Abuse
KUALA LUMPUR (Dec 30): Top Glove Corp Bhd rose as much as 22 sen or 3.66% to RM6.23 when the counter resumed trading at 10am.
At 11.31am, the shares pared some gains at RM6.10, still up 9 sen or 1.5%.
The counter saw 11.57 million shares traded.
Trading in the securities of Top Glove was halted from 9am to 10am this morning.
A bourse filing yesterday showed Top Glove founder and chairman Tan Sri Lim Wee Chai continued to mop up his shares in the company.
He spent RM19.97 million to acquire 3.29 million shares at an average price of RM6.07 per share on Dec 29.
This has brought his direct and indirect shareholding in the company to 26.2% and 8.62%, respectively.
Including the latest transaction, Lim has spent RM69.72 million to mop up Top Glove shares in December.
On Dec 14, Lim spent RM19.98 million to buy 3.1 million shares in Top Glove with an average price of between RM6.39 and RM6.49.
On Dec 9 and 10, he also spent RM29.78 million to purchase 4.28 million shares in the company with an average price of RM6.93 to RM6.99.
https://www.theedgemarkets.com/article/%E9%A1%B6%E7%BA%A7%E6%89%8B%E5%A5%97%E5%A4%8D%E7%9B%98%E5%90%8E%E6%89%AC%E8%BE%BE37
2020-12-30 12:12 | Report Abuse
Time to buy
2020-12-30 11:24 | Report Abuse
This company needs to take at least 2 to 5 years to see result
2020-12-30 09:33 | Report Abuse
Additional Listing Announcement /Subdivision of Shares
1. Details of corporate proposal
Whether the corporate proposal involves the issuance of new type and new class
of securities? N
Types of corporate proposal : Private Placement
Details of corporate proposal : Private placement of up to 236,461,500 new
ordinary shares representing approximately 20% of Company's total number of
issued shares to independent third party investor(s)
No. of shares issued under this corporate proposal : 100,000,000
Issue price per share ($$) : 0.1098
Par Value ($$) (if applicable) : 0.000
Latest issued share capital after the above corporate proposal
In the following
Units : 1,537,951,697
Issued Share Capital ($$) : Malaysian Ringgit (MYR) 1,155,524,734.052
Listing Date : 22/12/2020
Remarks:
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
2020-12-29 20:47 | Report Abuse
Project X .... Restaurant business
2020-12-29 15:38 | Report Abuse
since yesterday, kept selling at 0.018
2020-12-29 11:58 | Report Abuse
Today T3 for some Contra Players. .
2020-12-28 15:47 | Report Abuse
StockHunters believe it or not up to u.
but i can say M&G wont be 0.18 after today anymore.
28/12/2020 3:33
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Definitely.....it will be 0.145
2020-12-27 14:42 | Report Abuse
Should have disposed it at 0.140-0.145 and buy M&G at 0.145 while there was still a chance. . Aiaa
2020-12-26 12:09 | Report Abuse
Who is the chairman of this stock?
2020-12-26 04:38 | Report Abuse
29-Aug-2017 30-Jun-2017 37,815 -78,257 316,485 337,231 836.93% 77.53% 48.07 0.15 0.6200 2,199.04% 2,092.15
2020-12-26 04:34 | Report Abuse
Date 30/03/18 29/12/17 29/09/17 30/06/17 31/03/17 30/12/16 30/09/16 -
Price 0.1250 0.1900 0.2350
2020-12-25 21:14 | Report Abuse
https://www.freemalaysiatoday.com/category/nation/2020/12/23/delay-in-vaccines-due-to-cost-says-khairy/
Apart from the 20% of population coverage from Pfizer, 10% from the World Health Organisation’s Covax facility and another 10% from AstraZeneca, Malaysia is in the final stages of negotiations with Sinovac, CanSino and Gamaleya to acquire more vaccines to cover 42.8% of the population.
2020-12-25 14:03 | Report Abuse
A blessed Christmas to you ❤️ wishing you a wonderful season that represents Hope, Faith, Joy & Love and most of all... reminding us of the time when the whole world stood still to witness the miracle of the birth of a child.
2020-12-24 19:45 | Report Abuse
DETAILS OF THE SHARE TRANSFER
The Share Transfer entails the transfer of the entire registered capital of USD8.8 million (“Shares”) in the Target Company representing the entire equity interest
in the Target Company from the VendortoTXB for the Transfer Price in accordance
with the terms and conditions of the STA.
Upon completion of the Share Transfer, the Target Company will be come a wholly-owned subsidiary of TXB.
2.1 Information of Vendor
The Vendor is a private limited company incorporated in Malaysia
on 21 February 2002.The Vendor is principally engagedi n
developing and operating restaurant businesses and investment
holding.
As at 23 December 2020, being the latest practicable date prior to
this announcement (“LPD”),the Vendor has an issued share capital
of RM3,000,000 comprising of 3,000,000 ordinary shares.
As at LPD ,the directors and shareholders of the Vendor and their
respective share holdings in the Vendor are as follows:
Name
No. of Ordinary
Shares
% of Issued
Share Capital
Directors
Ng Teck Wah
-
Chin Yong Fong
-
Shareholder
Tremendous Asia
ManagementInc
3,000,000
100%
2020-12-24 19:14 | Report Abuse
PROSPECTS OF THE TARGET COMPANY
The food and beverage industry in China’s fast-growing economy is projected to
bring about an overall revenue size of US$152,445m in 2020. With an annual
growth rate (CAGR 2020-2025) of 9.9%, this industry is expected to generate a
projected market size of US$244,055m by 2025. To capitalise on such a
tremendous market growth potential, TXB plans to open several new outlets within
the next three (3) years in China, which shall amongst others, include three (3)
new TGI Fridays in Beijing as well as ten (10) Teh Tarik Place in various locations
2020-12-24 19:03 | Report Abuse
Capitalised terms used in this announcement shall have the same meanings as those used in the announcement dated 26 October 2020, unless otherwise stated)
Reference is made to TXB’s earlier announcement made on 26 October 2020 in relation to the above subject matter.
The Board of Directors of TXB wishes to announce that the Parties had on 24 December 2020 mutually agreed to extend the timeline for the execution of the Formal Agreement(s) as stated in the clause 3.1 of the MoU to 25 February 2021.
This announcement is dated 24 December 2020
2020-12-24 18:32 | Report Abuse
MEMORANDUM OF UNDERSTANDING
MEMORANDUM OF UNDERSTANDING
TECHNA-X BERHAD (FORMERLY KNOWN AS SINO HUA-AN INTERNATIONAL BERHAD) ("TXB") -
UPDATE ON THE MEMORANDUM OF UNDERSTANDING BETWEEN TOUCHPOINT INTERNATIONAL SDN.
BHD., A WHOLLY-OWNED SUBSIDIARY OF TXB AND COUNTRY HEIGHTS HOLDINGS BERHAD
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
24/12/2020 05:43 PM
2020-12-24 18:31 | Report Abuse
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
TECHNA-X BERHAD (FORMERLY KNOWN AS SINO HUA-AN INTERNATIONAL BERHAD) ("TXB") -
SHARE TRANSFER AGREEMENT BETWEEN TXB AND CHASWOOD RESOURCES SDN. BHD. FOR THE
PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN CHASWOOD RESTAURANT
MANAGEMENT (BEIJING) CO., LTD.
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
24/12/2020 01:31 PM
2020-12-23 16:54 | Report Abuse
KOSSAN* (BUY TP: MYR7.90)
-Selling overdone
2020-12-23 10:45 | Report Abuse
Date Open Range Close Change Volume
22/12/2020 0.16 0.14 - 0.17 0.145 -0.02 (12.12%) 344,986,500
21/12/2020 0.195 0.165 - 0.20 0.165 -0.025 (13.16%) 155,335,900
18/12/2020 0.185 0.185 - 0.215 0.19 +0.005 (2.70%) 363,754,800
17/12/2020 0.19 0.175 - 0.20 0.185 -0.005 (2.63%) 289,562,300
16/12/2020 0.215 0.185 - 0.23 0.19 -0.015 (7.32%) 759,374,200
15/12/2020 0.155 0.15 - 0.22 0.205 +0.045 (28.13%) 1,425,661,700
14/12/2020 0.135 0.13 - 0.17 0.16 +0.03 (23.08%) 1,007,733,100
11/12/2020 0.125 0.12 - 0.14 0.13 +0.01 (8.33%) 347,355,400
10/12/2020 0.12 0.115 - 0.125 0.12 0.00 (0.00%) 32,424,400
09/12/2020 0.11 0.105 - 0.135 0.12 +0.01 (9.09%) 324,557,100
08/12/2020 0.115 0.105 - 0.115 0.11 0.00 (0.00%) 11,248,100
07/12/2020 0.11 0.105 - 0.115 0.11 0.00 (0.00%) 29,676,100
04/12/2020 0.11 0.105 - 0.11 0.11 0.00 (0.00%) 6,535,200
03/12/2020 0.11 0.105 - 0.115 0.11 0.00 (0.00%) 23,258,000
02/12/2020 0.105 0.10 - 0.115 0.11 +0.005 (4.76%) 63,138,300
01/12/2020 0.10 0.10 - 0.105 0.105 +0.005 (5.00%) 4,147,500
30/11/2020 0.105 0.10 - 0.11 0.10 -0.005 (4.76%) 13,561,300
27/11/2020 0.11 0.10 - 0.11 0.105 -0.005 (4.55%) 6,198,400
26/11/2020 0.105 0.10 - 0.11 0.11 +0.005 (4.76%) 2,833,900
25/11/2020 0.105 0.10 - 0.11 0.105 0.00 (0.00%) 10,059,500
2020-12-23 09:46 | Report Abuse
Notice of Person Ceasing (Section 139 of CA 2016)
Particulars of Shareholder
Name : LIU GUODONG
NRIC/Passport No./Company No. : -
Nationality/Country of Incorporation : China
Address:
-
Descriptions (Class and Nominal Value):
Ordinary Shares
Name and Address of Registered Holder:
You are advised to read the entire contents of the announcement or
attachment. To read the entire contents of the announcement or attachment,
please access the Bursa website at http://www.bursamalaysia.com
Details of Changes
Date of Notice : 22/12/2020
Transactions:
No. Date Transaction Type No of Shares Price (RM)
1. 18/12/2020 Disposed 0 -
Circumstances by reason of which change has occurred:
Cease to be substantial shareholder due to the dilution of percentage of
shareholding to 4.8116% based on the enlarged issued share capital of
1,537,951,697 ordinary shares arising from private placement
2020-12-23 09:45 | Report Abuse
Notice of Person Ceasing (Section 139 of CA 2016)
Particulars of Shareholder
Name : LIBRAN INFINITY INC
NRIC/Passport No./Company No. : 1994311
Nationality/Country of Incorporation : Virgin Islands, British
Address:
80 Main Street, PO Box 3200, Road Town, Tortola, VG1110, Virgin Islands,
British
Descriptions (Class and Nominal Value):
Ordinary Shares
Name and Address of Registered Holder:
You are advised to read the entire contents of the announcement or
attachment. To read the entire contents of the announcement or attachment,
please access the Bursa website at http://www.bursamalaysia.com
Details of Changes
Date of Notice : 22/12/2020
Transactions:
No. Date Transaction Type No of Shares Price (RM)
1. 18/12/2020 Disposed 0 -
2020-12-22 12:03 | Report Abuse
Their Management:
https://klse.i3investor.com/servlets/stk/annchbr/2739.jsp
2020-12-22 10:41 | Report Abuse
No need to groan. just move your fund to other counter to gain your capital back. Go for Tech
2020-12-22 10:16 | Report Abuse
Might be bad news we don't know yet
2020-12-21 21:21 | Report Abuse
To late to sell. Wait till it goes up to 0.180 maybe 2 years later. So now they are able to use your money for their venture.
2020-12-21 20:03 | Report Abuse
You will be able to view the *Christmas Star* from 7:00 pm to 9:00 pm (Jupiter and Saturn will align in the night sky.)
2020-12-21 19:53 | Report Abuse
How did Winter Solstice begin? Chinese celebrate this day on the 21st or 22nd December. This day is the most important celebration for the Chinese people.
In looking at the Chinese history in light of the Book of Genesis, it will be helpful to look first at the earliest known religion in China. Later, we will see how this ancient religion fits in with the Biblical account of ancient history.
The earliest account of religious worship in China is found in the Shu Jing (Book of History of Book of Documents), the oldest Chinese historical source. This book records that in the year 2230 B.C., the Emperor Shun “sacrificed to Shangdi.” That is, he sacrificed to the supreme God of the ancient Chinese, Shangdi meaning Supreme Ruler. This ceremony came to be known as the “Border Sacrifice,” because at the summer solstice and Emperor took part in ceremonies to the earth on the northern border of the country, and at the winter solstice he offered a sacrifice to heaven on the southern border.
The Chinese have been called one of the most history-conscious and tradition-conscious peoples of the world. This is seen in many aspects of Chinese culture. Perhaps it is seen most of all in this very Border Sacrifice which the Emperor performed twice a year. This ceremony, which goes back at least to 2230 B.C. was continued in China for over four thousand years, up until the fall of the Manchus in A. D. 1911. Even though the people gradually lost an understanding of what the ceremony was all about, and Shangdi was obscured behind all kinds of pagan deities in China, nevertheless the worship of the one God, Shangdi, was continued faithfully by the Emperor up into modern times.
The oldest text of the Border Sacrifice that we have dates from the Ming Dynasty. It is the exact text of the ceremony that was performed in A. D. 1538, which was based on the existing ancient records of the original rituals. Let us look at portions of the recitation script that the Emperor used
Above: The Circular Mound Altar of the Temple of Heaven
in Beijing, built in A. D. 1420, where the Emperor
would offer sacrifice. Temple of Heaven Photo and caption
courtesy of Hieromonk Damascene
The Emperor, as the high priest, was the only one to participate in the service. The ceremony began: “Of old in the beginning, there was the great chaos, without form and dark. The five elements [planets] had not begun to revolve, nor the sun and the moon to shine. In the midst thereof there existed neither forms for sound. Thou, O spiritual Sovereign, camest forth in Thy presidency, and first didst divide the grosser parts from the purer. Thou madest heaven; Thou madest earth; Thou madest man. All things with their reproductive power got their being.” This recitation praising Shangdi as Creator of heaven and earth sounds surprisingly like the first chapter of Genesis: “In the beginning God created the heavens and the earth. The earth was without form and void, and darkness was upon the face of the deep” (Genesis 1: 1- 2).
So, in the earliest records of Chinese religion, we see that the people worshiped One God, Who was Creator of all. We also see that the original people of China looked at Shangdi with a sense of love and a filial feeling. The Emperor continued his prayer: “Thou hast vouchsafed, O Di, to hear us, for Thou regardest us as a Father. I, Thy child, dull and unenlightened, am unable to show forth my dutiful feelings.”
As the ceremony concludes, Shangdi is praised for His loving kindness: “Thy sovereign goodness is infinite. As a potter, Thou hast made all living things. Thy sovereign goodness is infinite. Great and small are sheltered [by Thee]. As engraven on the heart of Thy poor servant is the sense of Thy goodness, so that my feeling cannot be fully displayed. With great kindness Thou dost bear us, and not withstanding our shortcomings, dost grant us life and prosperity.”
These last two recitations, taken together, bear the same simile as found in the Prophecy of Isaiah in the Bible: “But now, O Lord, Thou art our Father; we are the clay, and Thou our Potter and we all are the work of Thy hand” (Isaiah 64: 8).
In general, reading the text of the Border Sacrifice reminds one strongly of the prayers of the ancient Hebrews as found in the Old Testament: the same reverent awe before God, the same selfabasement, humility and gratitude before His greatness. For us Christians, these most ancient of Chinese prayers to God are strangely familiar. Why is this? It seems that the most ancient Chinese religion and the ancient Hebrew religion are drawn from the same source. And that is indeed the case, as we will see.
2020-12-18 16:53 | Report Abuse
ular' just sell all of it and move on to another good counter. you cry here nobody can help you. the smart thing to do is to sell all of it.
2020-12-18 16:19 | Report Abuse
npra 1985 commented he will SELL all his beloved kanger once touch 0.165....don't know lah
Stock: [KANGER]: KANGER INTERNATIONAL BERHAD
2021-01-09 08:12 | Report Abuse
Why this Msian govt dispised Chinese vaccines?