Back in 2010 got special dividend of 9% after strong sales/profit growth due to the Influenza A outbreak. That outbreak considered mild compared to Covid19!

Maybe got special dividend

KYY is in Supermax lah. Very early in January on he already wrote the article reminiscing about Supermax:

"In the last few days, the publicity of the current Coronavirus flu in Wuhan, China has encouraged investors to buy glove stocks aggressively. As a result, all the glove stocks are beginning to shoot up like rockets. This reminds me of my last experience in buying Supermax so aggressively during the SARS outbreak. When I became the 2ndlargest shareholder, Supermax CEO Dato Seri Stanley Thai invited me to visit their factories in Sg Buloh, Selangor and to meet their management team.

The share price of Supermax shot up more than 300% within a few months."

Nice number again 5,888,000

Target: RM1.05/share

Wow, the share buyback tells you all you need to know. Target 2.50

RM2 is for sure. Whether can hit 2.5 and 3 is the big question.

2018 already breached 2.23. Now with virus and twice the order volume and higher ASP and super low oil prices. You guys are taking profit already?

What's happening: KYY warn abt high PE, The Edge reports gloves gone up a lot and worth twice the value of MAHB and PE very high.

The agenda are all the same, looks coordinated: Scare people with the PE so that those who lack balls will sell now. They collect. Then next month QR record profit, PE drops and deserves re-rating now more attractive buy buy buy.

Hold at least until QR. Let the operators buy at higher price, then they will have to push prices even higher for us.

What's happening: KYY warn abt high PE, The Edge reports gloves gone up a lot and worth twice the value of MAHB and PE very high.

The agenda are all the same, looks coordinated: Scare people with the PE so that those who lack balls will sell now. They collect. Then next month QR record profit, PE drops and deserves re-rating now more attractive buy buy buy.

Hold at least until QR. Let the operators buy at higher price, then they will have to push prices even higher for us.

Will fall to 1.1/1.2 before stabilizing. Collect around 1.2

Speak for yourself

Been waiting for this ride up. Catch it before it shoots up

kelvin5349 i learned something after observing this for quite sometime...when people comment here giving their 'advice' to BUY, that's the time to SELL actually...some ppl here are just BS.

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Of course! Everyone here has an agenda, a dollar and cent agenda. All these new commentators suddenly appear and trying to frighten people to sell is because it is on the uptrend at least for the next 2 months and they are hoping to pick up cheap. Check TG, each time shareholders activate ESOS is before an uptrend.

1.69 no worries. Uptrend is on track! Next 2 months !

Top Glove to print money, oops, I mean make face mask in 2 months' time https://www.theedgemarkets.com/article/malaysian-firms-led-worlds-top-glove-maker-prioritise-medical-supplies

Literally print money cos capital investment for mask is small.

Top Glove to produce face mask in 2 months' time! https://www.theedgemarkets.com/article/malaysian-firms-led-worlds-top-glove-maker-prioritise-medical-supplies

Just be patient. Harta report QR first early next month. Topglove is at end June. Will start moving after Harta

10m cut is nothing. Plus everyone will overstate their previous production volume so that their portion of the cut is basically zero. The news has been more than priced into the share price jump over the past week. Basically this has no impact on anything because demand has already dropped organically by more than 10m. It is just something for markets to rally to so that Trump's stock market won't collapse.

Sell on news https://asiatimes.com/2020/04/opec-preps-trump-taming-truce/

Sell on news lah https://asiatimes.com/2020/04/opec-preps-trump-taming-truce/

Looks like some big player is manipulating Top Glove's share to ensure it is still on an uptrend but on a very controlled and gradual pace. Why and who?

Harta QR next coming soon in one month's time. This will reflect the real impact of covid-19 on sales.

20-30% drop on opening

Bought 1.12 sold 1.84. Hope to reload at 1.2-1.3

Waiting to reload at 80-90 cents

Make no mistake the ultimate goal is to kill off USA shale. If USA is net oil exporter it will be less interested to do Saudi's dirty job in the Middle East. It is about geopolitical power. Not kumbayah let's drill oil together and be happy. All these are just giving face to Trump and being diplomatic/smiling while sticking the knife deeper into shale. Oil will remain down until shale is dead

Was quite obvious that Trump's tweet was a bluff. Just wants to shore up stock market to neutralize news of USA shale bankruptcy. Good luck on Monday.

USA pays 3 times to grab mask orders from other countries. Wonder if they will also pay 3 times more for gloves. https://edition.cnn.com/2020/04/04/europe/coronavirus-masks-war-intl/index.html

Price correction will be minor, not below 1.5. It only broke 1.5 last month because of the crash.

EPF been buying and selling to suppress the price

So he parks a million shares at 1.62 because?

Yes it does look like Trump was throwing a cheap tweet to 'support' the oil and gas sector on the same day one of the US shale frackers file for bankruptcy.

Top Glove, Hartalega, Kossan, Comfort and Supermax are all displaying cup and handle pattern now. Let's go Friday!

U guys have sold so obviously you're hoping it will not shoot up but fall instead so that you can pick up again. Everyone is commenting to push their own agenda!

Everything went up too much already, time for correction

So after 31 Mar shoot up... but May already have 3 warrants at 1.6/1.7/1.78. So no chance to reach $3? Most of the warrants that expire by June were listed before the virus became major news so hopefully they didn't factor that into account when they purchase the warrants

WRP escape for now https://www.thestar.com.my/news/regional/2020/03/25/us-lifts-ban-on-malaysian-glove-maker-amid-shortage

Where can we check all these warrants and the price/expiry?

When does it expire? 31 March? Supermax got warrant, TG also?

Friday was dead cat bounce

Looks like a lot of instigators here trying to get people to sell i.e. trying to buy low

waiting for 0.50 before buying. Bear in mind Dayang was 0.5 only very recently in Jan 2019

haha, these comments means hoping to buy cheap before uptrend

KUALA LUMPUR (March 18): Rubber glove manufacturers are expected to record higher margins amid the current Covid-19 outbreak, said CGS-CIMB Research in a note today.

The research house said this will be driven by a 3-5% increase in selling prices, improved economies of scale arising from higher production output, and a more profitable sales mix.

“With strong global glove demand, we believe that glove makers have no choice but to prioritise clients based on pricing and product mix,” it said.

The global demand for rubber gloves has shot passed levels seen during the SARS and H1N1 outbreaks in 2003 and 2009 respectively.

“To put into context, we understand that average lead time for glove makers to fulfil orders has risen up to a minimum of four months versus usually 1-2 months on average. Note that the lead time for rubber gloves during the SARS outbreak was two months and H1N1 (bird flu) outbreak was three months,” the research house said.

Furthermore, their operations will not be disrupted by the current nationwide movement restriction order, which is effective from today until March 31, as the manufacturing of rubber gloves is deemed an essential medical industry by the government.

It added that the current operating environment for the sector is favourable as the ringgit has weakened against the US dollar.

Year-to-date (YTD), the ringgit has fallen by 5.4% against the greenback, which is beneficial for glove makers as over 90% of their sales are denominated in the US dollar.

In addition, the prices of important raw materials have continued to drop amid global uncertainties. For instance, nitrile butadiene prices have declined 4.5% YTD.

Thus, GCS-CIMB is overweight on the sector, despite its premium valuation.

“We have 'add' calls for all four glove stocks, with Top Glove and Kossan as our top picks in the sector,” it said.

The research house added that re-rating catalysts for the sector include stronger-than-expected glove sales, and higher-than-expected margins.

Meanwhile, downside risks include a sharp easing of the coronavirus concerns, and the strengthening of the ringgit against the US dollar.

https://www.theedgemarkets.com/article/three-key-factors-boost-rubber-glove-makers-margins

Bumpy ride but uptrend is on track

Big sharks are just profiting from the fear while they can before QR to buy cheap. Just hang and keep your balls on for the next few days.

Selling pressure will continue for next 2 days before QR. Just hold on and keep your cool.

Glove factory won't shut down lah. Don't spread panic. Corporate office yes lah, even then it is work from home.