jolynce Since Tan Sri want to bring down his average cost, I'm sure he'd want to do the next SBB at the lowest price possible. Do you think this JPM attack is to his benefit too?

Of course, it's great to Buyback at lowered Price!?
Then those Treasury Shares, will be much lowered, probably around #3/4!?
It's only #2%; another #8% to Buyback; so the average cost much lowered!?
I am waiting also, !?!?!? Another honeymoon coming!?

JP Morgan slashes TP for glove makers to pre-Covid levels, warns market underestimating ASP bottoming risk
https://www.theedgemarkets.com/article/jp-morgan-slashes-target-price-glove-makers-precovid-levels-cites-markets-underestimation

For Value Growth Investor; it's like new...Honeymoon!?!?!?

OnTime WASHINGTON — Pfizer, BioNTech and Moderna are making combined profits of US$65,000 (S$88,000) every minute from their highly successful Covid-19 vaccines while the world's poorest countries remain largely unvaccinated, according to a new analysis.

The companies have sold the vast majority of their doses to rich countries, leaving low-income nations in the lurch, said the People's Vaccine Alliance (PVA), a coalition campaigning for wider access to Covid vaccines, which based its calculations on the firms' own earning reports.

Hipocrites!?
Bird Flu will infect n kill more!?
We eat those chicken everyday; so we will kill my Chicken Flu; very soon, it's Coming!? As I said, unless #90% humans are dead; we never wake up!?

paperplane ATAIMS very bad
15/11/2021 3:06 PM

Of course! It's not investment graded; plus not so...efficient n shareholders friendly...just a hit n run...okay lah!?

BangkokPost.com
THAILAND
'Former Yakuza gangster' re-arrested for medical glove fraud
PUBLISHED : 15 NOV 2021 AT 16:52

WRITER: WASSAYOS NGAMKHAM
Shuichi Ozawa, 24, is seen in police custody at the Crime Suppression Division in Bangkok last Thursday. (Photo supplied)
Shuichi Ozawa, 24, is seen in police custody at the Crime Suppression Division in Bangkok last Thursday. (Photo supplied)
Police arrested a Japanese man, allegedly a former Yakuza gangster, twice over the past week for rubber glove fraud that reportedly caused damage worth nearly 300 million baht.

Pol Lt Gen Jirabhop Bhuridej, commissioner of the Central Investigation Bureau, said on Monday that Shuichi Ozawa, 42, was arrested at a hotel in Ploenchit area of Bangkok last Thursday for unauthorised production of medical equipment.

The commissioner said the suspect was a former member of the Yakuza gang named Sumiyoshi in Japan.

TopGlov: Hold Nov, 2021; @2.50; 100,000 units = RM 250,000.
Just Presumptive:

2024~1:1~200,000 Units.
2027~1:1~400,000 Units.
2031~1:1~800,000 Units.

After 1 Decade: Price still the same;
@2.50 X 800,000 Units = RM 2,000,000;
More than #70%/year!?
Minus those Dividends, n other benefits!? Hehehe!?

TopGlove; Tan Sri Lim WC;
"Notwithstanding, we are of course mindful that the glove business has been a very attractive industry to be in, particularly during a pandemic when there is a surge in glove usage. In such an environment, we expect competition to intensify and new players to emerge.

"We welcome healthy competition as it makes us and the industry more efficient, edging out weaker practices and enhancing both performance and players. This also presents M&A opportunities for us.

"However, global glove demand is expanding and still growing yearly even in a post pandemic era from heightened health and hygiene awareness. Following this, we believe that the increase in demand will be sufficient to absorb the surplus in supply. Any oversupply and pricing pressure would be temporary,” he said.

According to Lim, competition is an external factor not within Top Glove's control.

However, the company would continue to plan and strategise internally, so that it is able to withstand headwinds when they come, he said.

"I believe that with our business direction of producing high-quality gloves at an efficient low cost and focus on staying healthy, we will successfully mitigate and navigate any period of oversupply, just as we have done before.

"In any case, Top Glove has several competitive advantages, which give us an edge over our competitors in the long term. We offer a highly diversified glove range comprising nitrile, natural rubber, vinyl and surgical gloves, (Vacuum Packed, Cleanroom Glove) and are also geographically diverse in terms of our customer and manufacturing base.

"Our production capacity of above 100 billion gloves per annum, the largest among all glove manufacturers globally, also positions us to accommodate large orders from distributors."
Surgical n Cleanroom gloves have higher ASP, roughly US60/1,000; n more sustainable margin.
So overall diversified gloves; the average ASP will be somehow around US40; even though Nitrile glove will normalize to around US30/1,000.
Pre-Covid19 was US 25/1,000.

Gloves are used in Healthcare, Pharmaceutical, Food Industry, Semiconductor or chips manufacturers inside Cleanroom, n many more like Hotel n Restaurant, Aeronautical, n others, where biodegradable latex glove, are used.
Vinyl glove will phase out sooner or later, because of environment friendly n ESG requirements!

IronShirt as of 31Aug, JPM is holding 0.90% itself ( 1.78% for Clients)...Almost All Big Fishes (top 30)
are between 2.0---1.0% ( no more big holder except TanSri in various margin account )
Between 1,000 to 10,000, Ular Category are the largest.... 53%
( Source: Annual Report 2021 )
11/11/2021 6:58 PM

Looking at #52 weeks TA; it's already the #5th Pessimistic Trends!?
Anyway Bulls are born on Pessimism!?
Huge Technical Rebound Expected; a matter of Timings!?

SuperPanda collect son .425 today, collect all the way down, wont go below .38 unless entire market all down
11/11/2021 7:37 PM

Somehow looking at TA momentum it's around that formation; cup n handle; slightly below RSI 30; slightly above 30; unless there are other news good or bad; anticipation is quite irrational at time; so future isn't guaranteed!?
Above RSI 70; do some Actions!?
11/11/2021 8:21 PM

Macro n Micro Economic; relevant to each n every sectors of businesses need to analyse; like just looking at glove sector; it's quite negatives; but this momentum can change quite fast; because of extreme Pessimism/Oversold!?

VS-WB...FRONTKN-WB...Sold #50%...◉‿◉
24/09/2021 10:30 PM

VS n VS-WB Got Potential...Holding Free Shares...No Stress◉‿◉! Hopefully >1.00... then will Sell.

VS-WB; Bought back @0.425!? Average Up; @0.00 to @0.22.!?

Talking to Great Wall; still has an Echo!?

https://youtu.be/qCuwU67muG0

The Truth will Prevail!?

https://youtu.be/5ukuOAv7epc

So u think u are fully understand value investment ? But i can tell u a very famous value investment guru also was trapped in Harta ! I think not only me but a lot of people with VI mindset all kena this lesson !

Actually the top 4; quite relevant in terms of capital growth; like Harta; if u invested n hold #IPO @1.80; April 2008; Now so much capital appreciation!?

US market and HKEX has much much more big companies with strong future growth. The company are mostly monopoly and global presence. Value investing is much more meaningful in US and HKeX.

U must understand; then go in; there are many empty shells; especially HKEX; even Buffett has allocated 75% into #4/5 growth companies!?

pjseow Geary , You have not included the dividends received every year . The dividend in FY 2021 alone is already 28 % of RM 569.95 k or 160 k .
If you add all the dividends recd , the total would have been a million or more instead of just rm 570k.

Value Growth Investing, is logically accepted by rational investors; when they read the Intelligent Investor;or Security Analysis; at first glanced!? No doubt about it!?
Most people want excitement; most are shortsighted; that's why many don't have such patience; to succeed in stock markets; everywhere
U don't have to Swing at every stocks just predicting Prices everyday!?
All u have to do is whether your Invested Capital Now; will grow #1,000% or more; in few years time!?

AlvinTSK TopGlove IPO price RM2.70 March 2001
2,000 units X RM2.70= RM5,400

Bonus issues:
2002 3:10 ==> 2,600 units
2003 2:5 ==> 3,640 units
2005 1:1 ==> 7,280 units
2007 2:5 ==> 10,192 units
2010 1:1 ==> 20,384 units
2016 1:1 ==> 40,768 units
2018 1:1 ==> 81,536 units
2020 2:1 ==> 244,608 units

244,608 units X RM 2.33 = RM 569.95!?
Hold 10,000 Units for 2 Decades = RM 2,849.75!?

This chart tell everything~
Still a millionaire !?!?!?

Markv572421 So funny why got ppl buying even the price dropping .......pity that guy buying topglove shares

Yup; Q @1.99!?
100 Metric Tons of gloves!? A feighter plane; to EU countries!?

ahbtzh ular bro, 0.80 is my limit, after that stop adding
08/11/2021 12:28 PM

Those who bought TopGlov in 2018; before Oct bonus issued; @10.00; Now their invested capital come to around #0.88!?
That's called Value Growth Investing!?
Apa lu tahu!?

Imagine those who invested much earlier; even @10.00!?
It's zero capital portfolio; that's #100% Margin of Safety!?
Shareholders friendly company; there are only a fistful in Bursa!?

https://sg.news.yahoo.com/covid19-singapore-3035-new-cases-12-deaths-154515773.html
Look scary right; everyday around #10 died!?
Endemic Already; Vaccines are like normal Flu Vaccines!?

http://www.xinhuanet.com/english/2021-06/24/c_1310026009.htm#:~:text=With%20the%20technological%20support%20from,19%20vaccine%20manufactured%20by%20Pakistan.

The Truth will Prevail sooner or later; we are Guineas Pigs!?

https://www.khaleejtimes.com/travel/pakistan-all-international-flights-to-operate-at-full-capacity-from-november-10

Pakistan Only used Chinese Cansino Vaccines; Declining Covid-19 cases!?

bsinvestor geary must be disappointed as it was fake news. why geary disappointed? so black heart?

geary CEO of Pfizer arrested, charged with fraud – media blackout https://www.conservativebeaver.com/2021/11/05/ceo-of-pfizer-arrested-c...
06/11/2021 3:42 PM

Who are those evils u can't even see; not vaccinated then he should get Delta Variant very soon; but selling expensive vaccines; condemning China vaccines; then u ask yourself; US vaccines can be trusted; so many, are infected n suffering; even fully vaccinated n died!?
Then u tell me who to trust!?

Smart n Cunning desired a bullet into back of the head n paid for the bullet, law from China!?

https://www.channelnewsasia.com/singapore/moh-covid-19-new-cases-deaths-weekly-infection-growth-rate-nov-5-2293461


Who are those asymptomatic spreading the Delta Variant viruses; even fully vaccinated also died; more n more; before that so many migrants workers was infected, not vaccinated, only 1/2 died!?

CEO of Pfizer arrested, charged with fraud – media blackout https://www.conservativebeaver.com/2021/11/05/ceo-of-pfizer-arrested-charged-with-fraud-media-blackout/

CEO of Pfizer arrested, charged with fraud – media blackout as #PfizerGate trends

Habis conspiracies...Prizer Gates!?

Mr.Sm Invest123 They gave u TP RM40 RM50. Haha pity those follow These lives
04/11/2021 8:28 PM

Those who want to do Swing Trade; should follow those EV trends; like Genetec; just only one month; Oct 4 was #36.00; now almost #50.00!
Or they are so superhuman, it was only #1.70 in Nov 4, '20!?
Then after they died; their tomstone; inscribed the Greatest Traders of all Time!?
Happy!?

https://www.cnn.com/2021/11/03/asia/thailand-police-skymed-gloves-intl/index.html

Arrested in Thailand; Only; if he run out of luck; then probably kena Delta Variant; n died better; probably those worms also not interested to eat his flesh!?

polycarp Smallpiggy ppl I know who bot in pbb shares
for a million sold for big losses. They freak
out when dropped to 3.00. Somebody pick shares and got big bonus. Others bot yearly
for past 10 years and sold at btm price. Even
with dividend outcome loss.
02/11/2021 10:04 PM

@3.00!? Why never add or buy!?
Probably the best bank in Bursa!?

getingreal Top Glove (and I assume other companies they are associated with) are not going to account for their massive losses in value of their buy back shares. Top Gloves case they have a massive loss of 921 Million. They are going to hide the loss, and maintain the shares on its books at cost, even though it is highly unlikely they will every be worth that much again. Be warned fellow investors, if the KLSE and Auditors allow Malaysian Public Companies to get away with hiding these huge losses, then henceforth Malaysian companies Audited accounts cannot be trusted as they are fudged. All Assets marked as Equity will have to be considered to having no market value as such need to be deducted from their NTAs.
04/11/2021 1:38 PM

So u are one of those dirty money earners!?
Well good; our free cash already standby to grab gradually; anyway TQ; for creating such extreme Pessimism!?

UPlanet Ha, if Buffet rules, I think better quit Malaysia fast, coz Buffet never invest in Malaysia!
04/11/2021 12:49 PM

Bursa; probably only within our ten fingers; graded companies; even in DJ probably around #25!?

ahbtzh Drama between journalist, shortist, investor and tg, only value investor can win at last
04/11/2021 12:07 PM

Stock markets everywhere have such Dramatic Scenarios; most news are controlled by political parties; corporate identities; n even private identity with huge net worth; to create pessimism or optimism; for their own benefits!
"There are two important to know how to be a good Value Growth Investor", Buffett;
1. Approximately know the Company Valuation.
2. Analyze those price movements, or Volatilities; to invest n have good Margin of Safety.
TQ!

https://www.theedgemarkets.com/article/top-glove-says-share-buyback-not-investment-no-impairment-needed
Those Edge writers or whatever; don't know meh; they are paid to write nonsense; so many people who don't understand those Treasury Shares; will think otherwise.
So many naive investors will panic sell!?
That's how those journalists will publish more negative news, to earn dirty money, from shortsellers.
They are afraid, when more longhaulers start to buy n buy, they will have to force buy at higher price; because in the beginning they sold first, n buy later!
When it goes into that extreme Pessimism; the waves will change or swing Uptrend!?

Covid-19 n its Variants are created by those unreasonable political motives, fake force labour issues, plus many who like to purchase discarded n used gloves, low quality gloves, that's why those Variants have happy time killing more than #5M humans, n infected almost 300M!
More to say, they think there are superhumans, no need to wear masks, face visors, n gloves!?
Pandemic are created by ignorant humans; now everybody are afraid human beings, because we feel everyone are infected or carrying the viruses!?
It's better humans all die, then earthworms, bees n all insects will flourish!?
Imagine if all earthworms are dead because of insecticide; humanity will perish, within #18 months!?

"Bull is Born in Pessimism"!
Q...@2.28.!

jolynce Actually, what happened to TG today? Why so red while the others are green? Don't tell me it's about the paper loss reported in the Edge yesterday? What's the big deal anyway.. that's small money to them, and the dividends they collect will gradually narrow the loss, or if they buy more shares at this price, it will bring down the cost too. Right?
03/11/2021 12:37 PM

Don't waste your precious time answering those pariahs forumers, praising their own target prices, gloves become toilet paper, bankruptcy coming soon, etc!!!
Standby your free cash n WAIT; attack gradually, from now onwards◉‿◉!?

Mr. Market,
"TopGlov Bull, will again reborn on pessimism, grow on skepticism, mature on optimism and die on euphoria"!

Stock: [VS-WB]: V.S. INDUSTRY BERHAD
Jun 28, 2021 5:35 PM | Report Abuse

Bought...@0.28...5,000 lots◉‿◉!
Hahaha...hahaha...hahaha...｡◕‿◕｡

FRONTKN-WB...Good Potential...Bought...! ◉‿◉

VS-WB...FRONTKN-WB...Sold #50%...◉‿◉
24/09/2021 10:30 PM

VS n VS-WB Got Potential...Holding Free Shares...No Stress◉‿◉! Hopefully >1.00... then will Sell.

luckyfei if gloves manufacturing are not worth the investment then why Hong seng pours in 3 billions n venture into this biz ??!! perhaps there are things which commoners do not know n keep criticising gloves are a dying biz or investment ! with billions why don't they venture into others more profitable biz rather than a biz where asp is dropping fast n soon market will be flooded with gloves !?? something which we need to ponders on gloves stocks ...

U take advantage of those 'wayang'; slowly u steady u will know how Mr. Market behaves!
Take advantage from him; don't kena con from him; it's always his way n his habits of irrational emotions n trends!
Be Rational yourself; then u look into those Waves; when to buy or sell or hold!
Do your own homework for those FA!
No free lunch!

https://www.corporatewellnessmagazine.com/article/vietnamese-ppe-scams-used-gloves-and-condoms

"Pandemic brings out the best of people, plus the worst of people!"
Not only gloves; Condoms ada jugs; lagi disgusting: almost same like some forumers here!?

Thailand; CNN; '21 Oct, 26.
Prime Minister Prayut Chan-o-cha has ordered a probe into tens of millions of counterfeit medical gloves reportedly imported into the US from Thailand, following a report by CNN.

Some 80 million counterfeit rubber gloves were believed imported into the US and the Commerce Ministry has asked for further information about the case from the Food and Drug Administration (FDA).

Normally, when it comes to a fraud case involving medical gloves, it typically involves one of three forms -- used gloves that have been washed and repackaged, sub-standard medical gloves imported from China and repackaged, and sub-standard medical gloves produced locally in Thailand, police said.

The CNN report concerns two cases of counterfeit medical gloves in Thailand, and the first case dealt with the unauthorised production and repackaging of medical gloves and unlawful usage of two trademarks, SkyMed and Sri Trang.

The second case dealt with the production of counterfeit medical gloves by Athip Chumphon, who had earlier last year made headlines when he was reportedly involved in the hoarding of millions of surgical masks during the Covid-19 outbreak, police said.

In a raid carried out last December at a warehouse owned by Paddy The Room Trading Co, the authorities found a large volume of used gloves and a number of workers packing those gloves in new packages containing the SkyMed label.

Paddy The Room Trading; probably there are some in Malaysia; maybe there are here; glove forumers!?

That's the same everywhere; dirty, soiled PPEs, especially gloves; because there are Big Money to Earn; humans will take all types of Risks n Cheating to fight for Money!?
It's the same here, in Bursa, in the Stock.Markets;
Mr. Market can be very illogical, irrational n very, very Emotional; don't get affected; in the long run; FA will prevail; TA are emotional waves!?

A new investigation by CNN has revealed that tens of millions of dirty, soiled medical gloves are being made to look clean again at several factories in Thailand. The second-hand gloves, some even blood-stained, have reached the United States. “There's an enormous amount of bad product coming in,” industry expert Douglas Stein told CNN. “An endless stream of filthy, second-hand and substandard gloves coming into the US of which federal authorities, it seems, are only now beginning to understand the enormous scale.”

Buffett, “In the short run, the market is a voting machine, but in the long run, it is a weighing machine”

EQ usually makes a huge difference; that's how Mr. Market behaves always, end of the day, u got to check the weight!

kimpau son (VS-WB) conversion price RM1.38

mother price now is RM1.56

VS-WB RM1.56 - RM1.38 = RM0.18 only

without premium, son should be RM0.18 only

with some premium, son should be around RM0.2x only

e.g.

RM0.18 + 30% = should be fair @ RM0.234 only

RM0.18 + 50% = should be fair @ RM0.27 only

RM0.18 + 100% premium = should be fair @ RM0.36 only
24/10/2021 12:23 PM

Where have such straight forward formula...then how about...Genetec...???

Stock: [VS-WB]: V.S. INDUSTRY BERHAD
Jun 28, 2021 5:35 PM | Report Abuse

Bought...@0.28...5,000 lots◉‿◉!
Hahaha...hahaha...hahaha...｡◕‿◕｡
05/08/2021 9:11 PM

FRONTKN-WB...Good Potential...Bought...! ◉‿◉

VS-WB...FRONTKN-WB...Sold #50%...◉‿◉
24/09/2021 10:30 PM

Got Potential...Holding Free Shares...minimum...#200 Days...◉‿◉

https://sg.news.yahoo.com/china-t-look-singapore-way-143440602.html

Zero Tolerance!!!

https://www.channelnewsasia.com/singapore/covid-19-new-cases-deaths-oct-21-moh-update-2258806

Gtrade Today is Oct 22th,any one got Oct 21th Singapore covid19 cases?
22/10/2021 11:50 AM

https://www.cnbc.com/2021/10/19/the-uks-covid-infection-rate-is-rising-heres-why.html
Endemic Reality we are vaccinated; but still get infected; booster shots are yearly happenings!!!
New Norms PPEs demand on upward trends; new norms; ASP of average US 40/1000 PCs!!!
Dumping of gloves counters are overdone; of course everybody knows supernormal profits aren't sustainable; new-norms ASP will be sustainable; these are facts; but many IBs cannot estimate those facts; when all dumped, because their report cards are RED!!!
That's why most funds n even EPF cannot have supernormal profits!!!
They knew those valuations; but Dump instead; for those value investors to Grab!!!
That's Mr. Market behavior!!!

UlarSawa Why so few JPM n Tiger Macai appear leh. TG price green and they are hiding again kah. When price red ha. Berpuluh puluh Macai dunno from mana one also appear at here leh. Correct?
11/10/2021 9:15 PM

All are the crowds of dumping or pumping; creating fake n genuine news, etc; no real FA at all; when the crowds start dumping; funds managers, margin account traders, panic retailers, all are dumping, because of red reports cards, margin calls, n panicking selling plus shortsellers coming in;
So the pumping or reversal, u think or guess for yourself!?

No problem can try, investment graded another thing, to consider; for Swing Traders it's okay!
I'm holding VS-WB n FRONTKN-WB; at least #1.00 n above both! Patience Only!
11/10/2021 7:52 PM

Dare or Daren't it's up to u to decide; anyway I already took back my capital; still have potential, that's why I hold another half of it!?

Beautyseeker Gloves will be forgotten

Posted by mintingmoney > Oct 11, 2021 7:23 PM | Report Abuse

Reality is, recovery is on beast mode now, more vaccines, more drugs, topglove price will be weaken daily. Good luck until the next pandemic once in a lifetime - no vaccine , no drug, lockdown
11/10/2021 8:01 PM

Investing, Swing or Day trading aren't so simple as u think!
There are many variables to decide why u invest, why u trade!?
So simple all become multimillionaire very fast!?