yttihs TG IPO price RM2.70 Mar 2001
Buy 2,000 units = RM5,400
Bonus issue:
2002 3:10 2600
2003 2:5 3640
2005 2:1 10920
2007 2:5 15288
2010 1:1 30576
2016 1:1 61152
2018 1:1 122304
2020 2:1 366912

366912 units X RM8.00 = RM2,935,296
In short, RM5,400 become RM2.9million
21/09/2020 7:20 PM

Wow...u really calculated all that...no time for that leh.

Number of shares purchased which are proposed to be cancelled (units) 0
Cumulative net outstanding treasury shares as at to-date (units) 44,221,800
Adjusted issued capital after cancellation
(no. of shares) (units) 8,177,785,304

Total number of shares purchased and/or held as treasury shares against total number of issued shares of the listed issuer (%) 0.54076

Makeabuck Application was 10% of paid up is rm167m...another rm67m to buy back?

Guys correct me if im wrong
21/09/2020 7:11 PM

Wrong...Read the above paragraphs...Understand.

The Board of Directors of Top Glove wishes to announce that the Company intends to seek its shareholders' approval for the renewal of shareholders' mandate to purchase its own shares up to ten percent (10%) of its issued and paid-up capital at the forthcoming Twenty Second Annual General Meeting ("AGM").

Total number of shares purchased and/or held as treasury shares against total number of issued shares of the listed issuer (%) 0.54076

Still have lot of buyback...B-)
21/09/2020 6:55 PM

Fair Value...@8.00-@10.66...!!!

Immediate Announcement on Shares Buy Back
TOP GLOVE CORPORATION BHD

Date of buy back 21 Sep 2020
Description of shares purchased Ordinary Shares
Currency Malaysian Ringgit (MYR)
Total number of shares purchased (units) 12,495,000
Minimum price paid for each share purchased ($$) 7.850
Maximum price paid for each share purchased ($$) 8.000
Total consideration paid ($$) 99,758,586.00
Number of shares purchased retained in treasury (units) 12,495,000
Number of shares purchased which are proposed to be cancelled (units) 0
Cumulative net outstanding treasury shares as at to-date (units) 44,221,800
Adjusted issued capital after cancellation
(no. of shares) (units) 8,177,785,304
Total number of shares purchased and/or held as treasury shares against total number of issued shares of the listed issuer (%) 0.54076

Announcement Info
Company Name TOP GLOVE CORPORATION BHD
Stock Name TOPGLOV
Date Announced 21 Sep 2020
Category Immediate Announcement on Shares Buy Back
Reference Number SB1-11092020-00026

That's why I bought some at...@7.82...:-)

geary 817065 Topglove has at least RM 3 billions available to spend and buy.....who dare to sell?
21/09/2020 5:22 PM

#1.2 B...in Cash & Equivalent...#1.6B in current securities...plus Retained earnings...#3.2B...in retained earnings...plus another few billions of free cash next 4 Quarters...I wonder why...some are so ignorant about it.
21/09/2020 5:39 PM

#2021, Mar... Special dividend...SEP bonus issue 1:1.

Morpheus61 Great job guys. Please check if all those IB guys have been thrown out yet ?
21/09/2020 5:09 PM

Some great white sharks eaten by killer whales...liver missing...many run into hiding...ಠ︵ಠ

JBond007 Full time 8.00 (发).
21/09/2020 4:54 PM

I want to Contra sell also can already...but today never use margin.

geary geary Added...@7.82.
21/09/2020 4:41 PM

Talk 3 talk 4...also lose money.
21/09/2020 4:44 PM

Added... Supermax also...@7.18.

Low all fear never buy...Up then rushing to buy...FOMO...Of course so many lost money.
21/09/2020 4:47 PM

That's why said before glove killer whales anytime can kill those great white sharks...n eat their guts.

Frank Tan if topglove RM8 PE34 till next QR another 1.3B,what is the PE?
21/09/2020 4:49 PM

U assume gonna be 1.3B...then just buy at this Price...then magic will happen...that is why many don't take calculated risks...how to win money.

ThePowerOfGlove @Agjl

I like latest UOB-KayHian TP

12.30 sounds cool
20/09/2020 6:39 PM

January 2021...TP.

jasonred79 Oh that rumor i gave the other day about glove stockpile? seems that euro covid surge cleared out the stock. all sold out.
20/09/2020 5:25 PM

All sold out...u don't believe...u go every warehouse in Malaysia glove manufacturers...then u will know...so sometimes u need to see live shows.

geary Primeinvestor Just ignore hahawtflol, he just created his account to bash gloves so that he can buy cheap
20/09/2020 5:03 PM

Yup we knew it... don't let him buy...let him buy his beloved Maybank.
20/09/2020 5:08 PM

Low price is no more...SEP 10...was the lowest...@6.15...No more chance...those who did not took the chance during such a @35%...Volatility...price swing...will have to buy higher.

hahalolwtf If gloves go down and you think you are buying on dip, it will dip even further later. The bottom is very very far away

Safest just dont buy glove at all
20/09/2020 5:04 PM

Buy n forget about it...RM 5,400...after 20 years...RM 1.9 million.

People in England who refuse to self-isolate when required to do so will face fines of up to £10,000 under an emergency “carrot and stick” plan to control the second wave of Covid-19 sweeping the country.

With infections rising at rates last seen before the full lockdown in March, around four million people on low incomes and in receipt of benefits, who cannot work from home, will also be given special “stay home” payments of £500 to compensate for lost earnings over their two-week isolation periods.

hahalolwtf.Vietnam all good to go! Other countries will follow suit. Glove game no more
20/09/2020 4:56 PM

Donald Trump said he expected a coronavirus vaccine to be available for every American by April, a more optimistic forecast than many US government scientists, just hours after the federal public health agency reversed testing guidance imposed by the president’s allies.

Mr Trump and his allies have repeatedly clashed with public health officials over how to tackle coronavirus, and on Friday the president insisted that he often knows more about such issues than experts such as Robert Redfield, director of the Centers for Disease Control and Prevention.

While he agreed with Dr Redfield’s assessment that a vaccine will be widely available some time between April and September, he told a White House press conference he also thought it could be much earlier than that. FYI.

Hush77 I think glove company share price already factor in whatever good news..
Now at the high point, IB will just continue to sell and downgrade and it will drop the most once vaccine come out in oct or nov 2020..according to trump..
20/09/2020 4:37 PM

hahalolwtf There have been a few other pandemics before this and each time glove share price also shoot up because they were 'fundamentally strong during pandemic'.

This is nothing new but glove share price always end up falling in the end. Why do you think glove companies were not top 5 largest just before covid? Because glove companies are cyclical in nature.

If you hold it long and after the glove season, I can guarantee you will lose even your pants
20/09/2020 4:28 PM

Very good...your Maybank sustainable business... but only...@20% per annum...maybe less... #Topglov...very, very cyclical...but rate of return...@1,750% per annum.

Lucky I bought TopGlove.

hahalolwtf Tan Sri thinks his company worth more than Maybank?

Maybank every quarter >RM1bil net profits for the last 10 years. Maybank gave more than 6% dividend returns for every year for the last 10 years. Maybank never used share buybacks to sustain share price.

PUI! What is topglove?
20/09/2020 4:22 PM

Faster run faster n buy your Maybank...now only...@7.21...cheaper than Topglov...n below its NTA...@7.31...buy your beloved bank.

hahalolwtf If China can set up a big hospital in weeks to treat covid patients then for them to start Vietnam glove factory is too simple. They are the world's experts in manufacturing. Easily by year end they can produce the 40 bn gloves. Matching half of topgloves! Imagine just how easily they can flood the industry
20/09/2020 4:17 PM

Probably it takes...#8 years to produce 40B of gloves.

hahalolwtf All these people say buy up when IB sell. You think they really have the money to sustain the price? Dont be fooled
20/09/2020 4:17 PM

U buy Maybank or not...not bad lah...#20% return per annum. Faster go n buy.

investmalysia Someone said want privatize topglove at 80billion. LMAO. 1% also don’t know he/she got or not
20/09/2020 4:13 PM

Boss aiming for Fortune 500...did u buy or not...so much fake news.

SK1008 I believe the sell downs of Topglov and Supermx masterminded by the IBs is most likely towards the end. They should have bought back the battered stocks at the opportune time as a hedge against subsequent rise of their Call Warrants outstanding.
It is also to their interests to see that both stocks climb higher for them to use the higher margins to mitigate the losses with the old Call Warrants.
20/09/2020 4:08 PM

Yup...now their Risk management team...also never expect...Covid19 Pandemic keep on going...n glove counters market value keep on going up n up...so now they must analyse clearly. They are smart people n very cunning also. If not why they like to issue derivatives, lot of money involved.

As Buffett say, "derivatives are weapons of mass destruction." Why he said that...u analyse lah.

hahalolwtf Tan Sri thinks his company worth more than Maybank?

Maybank every quarter >RM1bil net profits for the last 10 years. Maybank gave more than 6% dividend returns for every year for the last 10 years. Maybank never used share buybacks to sustain share price.

PUI! What is topglove?
20/09/2020 3:43 PM

Make it #20 years lah...#6% per annum...aiyoo...yoo...bonus issue every 8 years...okay lah maybe rate of return...@20% per annum.

TopGlove is...#1,750% per annum...Ask u choose...lah.

Axe888 if IB sell at bargain price sure got the buyer. Even Tan Sri will also buy back. Lets enjoy and watch how far IB can cope with their losses by continue press down.
20/09/2020 3:48 PM

Yup...I think boss still can take out 10% to buyback... around RM 220million.

jasonred79 unless TG diversifies into other fields other than just gloves, it's going to be hard for them to grow. Like, Genting for instance, having just 1 casino on top of a mountain didn't give much room to grow. So, they expanded into other areas.
...
Right now, property prices are quite cheap, I expect that if TG took their 11b windfall profits and made some solid ventures into property development, they could indeed make some really solid growth!
20/09/2020 3:45 PM

Did you check their current assets of securities held...RM 1.6 billions. I think boss also bought other companies shares.

Makeabuck That is if ur ep is above 7.50
20/09/2020 3:34 PM

Fundamental analysis...aren't just numbers...look into those big whales holding n buying...plus those insiders holding n buying... roughly what are those average prices they bought. Insiders are running their business day in n out. Watch their every movements n what they have to say. Maybe you can go n find out from their employees, how many will hold their ESOS long term. What are the percentage.

Makeabuck Now that we know there will be selldown the strategy is different for me...sell a small portion at 20% gain from ep and buy in when there is sell down...capitalize on it...if its not 20% return capital gain i would not think its worth it...but its good to hold some access cash to buy when hits sub 7...what ya think?
20/09/2020 3:32 PM

Yup...we never know...but looking at those derivatives we cannot really know, what are their hedging strategy...but next year definitely will price higher. Crisis nobody can predict...what type of crisis. So all those noises are just distraction...focus on your FA n understand what products u invest. Plus who is your boss. All those FA, very, very important for long term.

jasonred79 Eh I'm not comfortable buying in above RM8. but below RM3, I would buy in for sure!

FY2020 n FY2021...two different valuation. Unless financial crisis...u can get cheaper price...but during...Mar this year... TopGlove didn't drop much...in fact shoot up around...#6.00.

jasonred79 @geary, so, if I want to buy and keep in 30 years, what should be my entry level? as i said, i think RM5 would be a decent entry level price.
... Ah, in october a bunch of warrants mature and their exercise price is around RM2. c66 =RM1.50, c67= 1.67,c68=2.07.
If those crazy IBs push TG below RM3, I definitely agree with you, it's pretty much a no brainer to just buy everything you can get and hold it like crazy!

Oh not just the IBs... we can buy from that TPrm2 guy as well.
20/09/2020 3:12 PM

At present valuation...Buy on stages like me...@<9.00-7.00...buy lesser... below...@7.00...can buy more...But do remember to sell some to hold free cash... volatility isn't risk...if u know your games n strategy. Good luck.
20/09/2020 3:18 PM

Be focus...invest only in earnings growth, dividend, bonus, where boss take care of shareholders. Earnings growth must be at least average 10 years above >#18%...ROE...>#12%. So it's not easy to find in Bursa. Focus Value Growth/Dividend Investing.

geary jasonred79 @morpheus61, keep for how long?
20/09/2020 2:45 PM

#30 years... Untill TopGlove is 60 years old... Retirement age. Probably your capital value down...@75% in #30 yrs...but your rate of return is...#1750% per annum.
20/09/2020 2:56 PM

Tan Sri Lim Wee Chai...now is 62 years old...So by 25/30 years he already retired. 100%...HOLD.

Morpheus61 jasonred, no need to estimate. Just tell the IB's we don't want their TP assessment. We Want their shares. Sell more. We buy more and we keep.
20/09/2020 2:42 PM

Yup.

loong66 My nephew friend went back home last week in Taiping and found a statement that his Dad had 2000 TG shares from Mar 2001 IP0. After check with remisier , shares still valid. Guess how much now worth?
After 1 split and 7 bonus issue, 2000 shares now amount to 244, 608 shares. At 17/9 closing price of 7.79 , now worth rm 1,905, 496 . Awesome!!!
19/09/2020 4:45 PM

Just follow this guy father...Bought only 2,000 shares at IPO price of... RM 2.70/RM 5,400...Mar 2001...kept inside his locker... forgot about...his son asked him then he realised. Now market value... RM 1.9 millions... That's dividend/value growth investing.

supersaiyan3 I did DCF briefly and get like RM11.40.
20/09/2020 11:05 AM

Tangible valuation...#33% are Purely FA...<@8.00...Fair,..<@6.00...Undervalued...#33%...Need to study historical TA price movements... Interest rates at present... macroeconomic factors...plus market directions...on such products or services...#33%... management efficiency...or intangibles valuation.

Not easy bros...Right.

Axe888 @hahalollwtf, yes ASP and Price will fall will fall. We got your message. You can go sleep already. You bark whole day already.
20/09/2020 12:01 AM

Woof...woof...woofff... Barking at the Salah Tree...ಠ ೧ ಠ

pBlue The two viruses can infect the same person, even the same cell. However they cannot swap genetic material. The structure of their genes are too different... the same way you cannot get a cabbage to breed with a mouse.

A double infection would make a bad situation worse. However we will be spared any strange hybrids of the two viruses.

Aiyoo... what's happening in humanity...(●__●)

pjseow geary , the earning growth rate for the past 20 years was about 20 %. I will do a DCF computation.with different assumptions.
19/09/2020 11:09 PM

#10 years a better option...less Margin of Errors...#20% earnings growth...yup.

pjseow geary, RHB previous tgt price was rm11.10 when they used terminal growth rate of 3 %.
19/09/2020 11:03 PM

That's quite fair...so present price can buy or not...???

pjseow RHB is the only analyst used DCF to compute tgt price which is 9.50. The question of what PE.and which year earning to use.to compute tgt price should not arise since all future earnings.from 2021 till infinity are considered . We can only question their profit assumptions , discount and growth rates after.2023. In my opinion, the assumption of 2023 earning.at.4.478 billion is on the high side and the terminal growth.rate of 1 % is too low . The discount.rate of 7 %
is fair .
19/09/2020 10:51 PM

Terminal growth rate 1%...they must out of touch...at least 3%.

A slight changes of discount n terminal rates...the said Intrinsic value at present will be much different...even Buffett n Munger came out with different valuation... that's they never talk so much about DCF.

Fong Zhin Bok Covid 19 virus and H1N1 virus will be present at the same this winter. Both of the virus will infect the same cell and exchange genetic materials while consuming the DNA of the infected human host cell. Therefore, the next generation of Covid 19 or H1N1 virus will be the hybrid of the two virus.

The next generation of virus will have the following property:
a) transmitting rate is same as Covid - 19 virus, 10 times of transmitting rate than H1N1 virus.
b) mutation rate is same as H1N1 virus, higher than the Covid-19 virus.
19/09/2020 10:43 PM

(●__●)

geary : [TOPGLOV]: TOP GLOVE CORP BHD

May 7, 2019 1:02 PM | Report Abuse

Over Diversification... Probably No...there aren't many wonderful companies...a Bird in the hand is Worth two in the Bush...!!!
https://www.forbes.com/sites/garymishuris/2019/05/05/5-insights-from-t...

Probably some thought I was a robot...¯\_༼ᴼل͜ᴼ༽_/¯

jasonred79 eh. did this actually happen? guys? I don't remember glove prices "falling steeply" in june. Was I just not paying attention, or did this actually happen?
https://www.thestar.com.my/business/business-news/2020/06/30/glove-prices-soften
19/09/2020 9:46 PM

Bunch of rubbish analysis...maybe they think impregnated 9 women...9 babies can come out in one month...so it takes how many month for a baby to born...ಠ︵ಠ

Herosan Supermax FYE 2021 annualized EPS should be around 1.5-2.00. At present price of 7.6 is very much under value (below PE 5 FYE 2021)
19/09/2020 9:20 PM

Just buy n hold loh.

humongainz @jasonred79 mind sharing how to get in touch with IPO? I am interested but no expereince.
19/09/2020 8:21 PM

IPO are usually issued during bullish market...so many are probably...Initial Public Overpriced or Overhyped...Be careful.

That is abt 1200% return in 20 years which is abt 60% return per annum.

Note: Calculations based on ZERO pandemic in next 20 years, zero dividend rate and zero bonus issue.
19/09/2020 7:56 PM

That guy only 2K...can have 1,750% per year...woof...!!!

Just buy n hold lah. U can gambler a bit also. Just 2,000 shares. After almost 20 years...@2001...IPO...@2.70...Rm 5,400...now become millionaire...how many baggers...I don't know leh...(●__●)

Note: Calculations based on ZERO pandemic in next 20 years, zero dividend rate and zero bonus issue.
19/09/2020 7:56 PM

2001...Glove business expensive...RM 2.70/share...I think his father just anyhow buy with some money...that time Public Bank was selling at around maybe RM 3/4.

geary loong66 My nephew friend went back home last week in Taiping and found a statement that his Dad had 2000 TG shares from Mar 2001 IP0. After check with remisier , shares still valid. Guess how much now worth?
After 1 split and 7 bonus issue, 2000 shares now amount to 244, 608 shares. At 17/9 closing price of 7.79 , now worth rm 1,905, 496 . Awesome!!!
19/09/2020 4:45 PM

This must be true investment story...that time @2001...TopGlove IPO was...@2.70...I think. #2,000 shares only. He just kept it n forgot about it. U see...because I had same experience with my dad HLbank. But no so Kaya lah.

Just buy n hold lah. U can gambler a bit also. Just 2,000 shares. After almost 20 years...@2001...IPO...@2.70...Rm 5,400...now become millionaire...how many baggers...I don't know leh...(●__●)

Rm5,400 become...Rm1,905,496...Wow... gains 35,000%...350 baggers...!!!... Hold... unless u need some money urgently.

Morpheus61 humongainz, geary as stated the link to imgur post is below.

https://imgur.com/o3g0ZDS
19/09/2020 6:26 PM

Thanks. Hahaha...those iBs Risk management still think gloves isn't such a golden goose...by the way. Let see how high it can go next year...will probably stabilised after the 2nd quarter reports.

Makeabuck @geary of course la...everyone should have a plan on whether to buy and when to buy...as everyone have their on ep for their own investment...we all mature here and should decide for ourselves...

Just having a good read on yall discussions...im learning too...never stop getting other perspectives for own analyzing purpose...

Just that some ppl will flock to the forum and post nonsense makes it boring to read...
19/09/2020 6:13 PM

Yup...many people just lazy to analyse deeply...and take responsibility when they invest. They never monitor their investment. Never try to understand the financial statements. That's very high risk. So if something went wrong they blame those who said buy. They never ask themselves what are their weakness n mistakes. That's why there are people blaming here n there...but never blame themselves. Never analyse where are the mistakes, n don't do it again. Sometimes I just keep quiet, but today, since few good guys are analysing, I just say something. Keep on learning anyway.

humongainz Now, instead of thinking of investing TG as primarily a glove company, if you intend to go long, ask yourself this question, would you invest in a company specializing in an array of different rubber/healthcare related products, in Malaysia where they are just primed to do so. I predict that the next factories to be built in Thailand and Indonesia as they had expressed the intention of owning their own rubber plantations to reduce volatility of rubber pricing and shortages. Another good reason to build factories/plantations over there would be the wider sales channel besides lower overheads. In fact, Vietnam is one of the cheaper places for this, so Lim must have this in mind oso, assuming he is a visionary. Then again, he actually built factories before pandemic started, so I don't know, everything seems to be just lined up for him.

Then again, better for them to just their name to TG, instead of TopGlove, must nicer sounding for a more diversified business.
19/09/2020 6:11 PM

I think Tan Sri Lim, already had a small rubber plantation in Southern Thailand. Small plant processing natural rubber. Maybe he can collaborate with Petronas to build more synthetic rubber manufacturing plant in Malaysia. That's will benefit it's nitrile gloves cost of production n margins. I think he will, because this two years, he got the free cash flow.

Makeabuck I finally reading some good discussions thanks @humongainz @geary @jasonred79 @growingrich
19/09/2020 6:01 PM

Don't see so far...less than 3 years enough...don't jump over a ten feet barrier...look for a 2.5 feet to jump over. Now is Covid19... remember it n analyse it thoroughly...plus it's mutating, very scary right. So can buy or not... TopGlove...this...Price...nobody point a gun forcing u okay. U decide after all the facts n database, understand first then decide.

Vc Looi The world in the recent years never short of pandemic, in around 3-5 years there will be pandemic here and there be it flu be ebora be it covid-19 and in future there sure be another pandemic, dont just focus on and only think that covid is the only pandemic..
19/09/2020 5:47 PM

Normally a ten years average earnings growth of 25% is okay. 5 years much higher. 2.5 years very much higher. So we focus less than 3 years... that's 2.5 years. So the the earnings growth very high. I can slap a 50x PE multiple for all glove counters...no problem. Any PE below 50x is consider reasonable. That's below 3 years average, because of present Covid19 maybe other type of bacterial infections, etc. So at present TopGlove is selling at below 35x PE it's okay for u to invest...ask yourself...if not don't buy...if yes just buy. What so difficult.

jasonred79 Opposite happened to me. I bought a bunch of eurospan like 15 years ago because they were giving good dividend, then I somehow forgot about them. Took a look recently and they lost 35%... haiz!!!
19/09/2020 5:13 PM

Eurospan...what product or service...many old people buy share to keep n take dividend...like my dad. Lucky he bought HLbank. Got bonus one time only. The rest dividend n right issues. That's why I said just now:
1. Dividend Growth Investing.
2. Value Growth Investing.

No question about it.
19/09/2020 5:22 PM

Plus must always monitor your investment at least half yearly...any earnings or dividend down are red flags. Sell.