humongainz__ I have lost money thats why i want this share to crash..if TOPGLOVE goes up tomorrow who want to bet with me..can fark my mother if you all are not happy
16/09/2020 12:35 PM

Thus is the last time I am advising...don't talk a single bad word involving parents...u are disrespectful to heaven n earth. Your roots will rot slowly n with lot of sufferings.

humongainz @geary I don't. It's just experience from trading these kind of hype-ish stocks that ARE supported by fundamentals but the the full picture is not exactly as rosy.

Don't be convincing yourselves that you're buying into a FAANG company. It's a GoPro har.
16/09/2020 12:33 PM

Okay fair...u can trade everyday...But do remember to keep some glove in your portfolios...B-)

humongainz If you don't exit end of tomorrow before another profit taking occurs, you'll be left stranded for a bit, be careful. So look at your screen all day, and time it properly har.

Long term 'investors' for this counter only gets burnt. Next 1-2 years sure? Maybe better returns, maybe worse, but still profit har. After that, you would be holding a stinking a pile of shit due to the aggressive low-margin diversification of this company. By then, all these ventures will just be a limitation of the company's growth long term.

After that, the holders of this high-debt company can go Holland dy when glove use reduce by a sizable chunk, while it's still be higher than the past due to the new normal.
16/09/2020 12:27 PM

Wah...look like u have better understanding of glove business than Tan Sri Lim n those glove bosses...ಠ ೧ ಠ

newkid Khazanah already feel the heat on boiling of TG price !!! Yesterday khazanah pushed up 22 sen on Maybank , I believe they will push the Maybank price further by another 20 sen to safe guard the number one taikor position. Once Maybank price go above 8.70, TG possibilities of over take MBB as Taikor is almost impossible . 2 months after releasing 4th QR, the market capitalisation of TG will break 84 billion !!!!!!!!
16/09/2020 12:10 PM

No.1 or No.10...Not important...temporary Only... important thing u win money or not. TopGlove...12.10...No.1...if Maybank still only 8.70.
16/09/2020 12:22 PM

Tangible Asset wise Maybank win TopGlove...But Intangible asset wise... TopGlove is very much higher...B-)

geary GorengBilis Wow TP100 soon if warrent buffet invest

https://koonyewyin.com/2020/09/16/warren-buffett-should-consider-investing-in-malaysias-big-4-rubber-glove-manufacturers/
16/09/2020 11:27 AM

geary GorengBilis Wow TP100 soon if warrent buffet invest

https://koonyewyin.com/2020/09/16/warren-buffett-should-consider-investing-in-malaysias-big-4-rubber-glove-manufacturers/
16/09/2020 11:27 AM

Uncle KYY...today very logical n optimistic...8-)

GorengBilis Wow TP100 soon if warrent buffet invest

https://koonyewyin.com/2020/09/16/warren-buffett-should-consider-investing-in-malaysias-big-4-rubber-glove-manufacturers/
16/09/2020 11:27 AM

GorengBilis Warrent Buffett is Watching on malaysia Glove counter
16/09/2020 11:30 AM

Wait untill TopGlove is inside... Fortune 500...then we talk...at present only Petronas...Rank 160...among 500 worldwide company.
16/09/2020 11:52 AM

KUALA LUMPUR (Sept 16): Hartalega Holdings Bhd, which expects an additional demand for 120 billion pieces of disposable gloves in the next three years, does not foresee any sharp earnings contraction after 2021 as some analysts anticipate.

"The analysts are correct [on the earnings forecasts]. But when it comes to the third year, after 2021, they start to give us [earnings] contraction... and [it's] a very sharp contraction.

"I mean this is an opinion, right? They can be right at the end of the day. I do not know. But by my guidance, what the analysts have said cannot be right,” Hartalega's executive chairman Kuan Kam Hon told the media after the group's annual general meeting yesterday when asked to comment on analysts' earnings forecasts.

"We are on the ground. We have been in the business for the last 30 years and analysts are not able to see what we are able to see," he added.

The market consensus estimates the net profit of the world's largest nitrile glove maker to swell to RM1.8 billion for the financial year ending March 31, 2021 (FY21) and to grow further to RM1.918 billion in FY22 before dropping to RM1.219 billion in FY23, according to Bloomberg.

Hartalega made RM434.7 million net profit in FY20.

For its first financial quarter ended June 30, 2020 (1QFY21), Hartalega's net profit jumped 134% to a record RM219.72 million compared with RM94.06 million a year ago. Quarterly revenue soared 44% to RM920.09 million from RM640.1 million, as it sold more rubber gloves with higher average selling prices.

The supply of disposable gloves will not be able to meet their demand in the next three years, said Kam Hon.

"Right now, there is an enormous shortage [due to the pandemic]. We do not even know whether we (the industry) have enough to meet the demand for 120 billion more pieces of gloves in the next three years," he said.

"Glove dipping is a long process. The expansion or transition period [to meet the demand] is at least three years," he said, adding that the group's annual capacity now stands at 38 billion pieces.

"Even in the fourth year, if you have extra [rubber gloves], they'd go into the inventory building. When you have a supply shortage, you are not able to build up inventory," he explained.

Kam Hon said Hartalega is now expanding its capacity by about 20% per year, and that this is a pace slightly above the industry's organic growth.

According to Hartalega's chief executive officer Kuan Mun Leong, the demand for gloves for developed countries has increased by 30% since the outbreak, whereas for developing countries — where the gloves per capita consumption used to be very low — the usage has more than doubled.

Mun Leong said the group is accelerating its capacity expansion.

"To date, we have commissioned 10 out of 12 production lines for Plant 6, while for Plant 7, the first production line is on track for completion by October 2020.

"On top of this, Hartalega is further scaling up our expansion plans with the acquisition of land adjacent to Plant 7 of the NGC (Next Generation Integrated Glove Manufacturing Complex).

"This will see the construction of four additional plants, namely Plants 8 to 11, which will progress expeditiously, adding an installed capacity of another 19 billion pieces per annum once completed," Mun Leong added.

Going beyond this, Mun Leong said Hartalega's long-term capacity growth will be propelled by the next expansion of NGC, or NGC 2.0. The group is aiming to commission its first production line under NGC 2.0 by the first half of 2022.

"Once fully completed by 2027, these expansion plans will see the group's total annual installed capacity increase to 95 billion pieces per annum," Mun Leong said.

ASPs for CY21F Fixed at substantial premium.

Acute shortage driving ASPs higher
In term of ASPs, glove makers are expecting further hikes up to at least 1QCY21F.

This is on the basis of the recent increase in raw material prices as well as the acute global shortage of gloves.

"Based on our estimates, glove ASPs could rise by 10-45% qoq in 4QCY20F to US$50-100 per 1,000 pieces, which is above our current forecasts."

-- CGS-CIMB
However, we gather that certain glove buyers are willing to offer fixed ASPs (at a substantial premium to current ASPs) with a minimum 1-year contract tenure to secure glove supply.

In our view, this should provide certainties of ASPs for CY21F if glove makers agree to these contracts.

ASPs for CY21F Fixed at substantial premium.

Acute shortage driving ASPs higher
In term of ASPs, glove makers are expecting further hikes up to at least 1QCY21F.

This is on the basis of the recent increase in raw material prices as well as the acute global shortage of gloves.

"Based on our estimates, glove ASPs could rise by 10-45% qoq in 4QCY20F to US$50-100 per 1,000 pieces, which is above our current forecasts."

-- CGS-CIMB
However, we gather that certain glove buyers are willing to offer fixed ASPs (at a substantial premium to current ASPs) with a minimum 1-year contract tenure to secure glove supply.

In our view, this should provide certainties of ASPs for CY21F if glove makers agree to these contracts.

Keeping their hands in the glove sectors
Barber Elyas Yunoos, 36 wearing face shields with all disposable items such as apron, gloves and gowns cleaning up all his hair cutting tools following instructions and SOPs by health ministry due to the Covid-19 pandemic before reopening of their shop at Lebuh Acheh in George Town.

PETALING JAYA: Hartalega Holdings Bhd and Top Glove Corp Bhd, the top-two largest glove makers in the world, are having separate events this week that will offer investors direct insight into the companies business prospects.

With a combined market capitalisation of over RM100bil, the two companies hold oversize sway on market sentiment.

Since the outbreak of the Covid-19 pandemic, their share prices have led gains on Bursa Malaysia.

This was on the back of a strong quarterly earnings growth, boosted by strong demand and higher selling prices as the world scrambled to stock up on the vital protective gear for their frontliners.

The order visibility of glove makers is robust, CGS-CIMB Research said in a note on Friday, while average selling prices (ASPs) are expected to remain elevated at least for another year.

But despite this bullish outlook, the pressure is rising for glove makers to justify their lofty valuations.

Anxious investors are tracking the Covid-19 vaccine development closely, while investment in new glove-making capacities is likely to curb future price hikes.

These concerns contributed to the recent pullback in glove makers’ stock prices from their recent peaks in early August.

One equity research firm, last week, had even downgraded its target price for Top Glove by half, triggering a fresh round of sell-off that quickly spread to other glove counters.

Top Glove came out strongly to defend itself, spending over RM200mil over the past three days to buy back its own shares.

For Shahril Othman, a 40-year-old creative manager who in July opened his first share trading account, the wild swing in the stock market is quite daunting as a novice investor.

“I think glove makers will continue to do well this year, given the current pandemic situation, ” he said.

Local retail investors were a major force in driving the FBM KLCI from its low in March, as the index outperformed many of its regional peers, thanks to the meteoric rise of the glove makers.

Participation by retail investors has hit a record high this year, filling the void as foreign funds retreated.

“A lot of people have made a lot of money on glove stocks, but some are anxious about their investment, especially after the recent plunge, ” Shahril said.

Tomorrow, Hartalega will be holding its first ever virtual AGM.

The company is expected to use this opportunity to update shareholders on its business prospects in the current financial year.

Shares in Hartalega, which closed at a record high of RM20.50 on Aug 3, was last traded at RM12.44 on Friday.

That is nearly a 40% drop in just barely a month.

Investors will be looking for some kind of reassurance from the management before they rekindle their love affair with glove stocks.

Hartalega, in August, reported a 134% increase in net profit to RM220mil, or 6.5 sen share in the first quarter ended June 30.

Consensus analysts’ estimate has put its full -year profit at RM1.75bil, or 53 sen a share, largely on expectations that earnings will increase substantially in the coming quarters on strong demand and rising product prices.

Meanwhile, Top Glove is scheduled to release its fourth-quarter results ended Aug 31 on Thursday.

Expectations are high for Top Glove to deliver, especially after its executive chairman Tan Sri Lim Wee Chai on Friday said in a statement that the company was confident of robust growth.

Everybodyhuat Selling shit more likely. So dumb. Many expect high stock price, not high dividend. You want me to speak in Bangla language for you to understand? Also like I said, if you dont think TG is for you, why stilp hanging here? Go Maybank or Genting to guarantee dividend. Very difficult meh?
15/09/2020 5:10 PM

ᕦʕ •ᴥ•ʔᕤ

KUALA LUMPUR (Sept 15): The supply of the rubber gloves will not be able to meet the demand in the next three years, said Hartalega Holdings Bhd executive chairman Kuan Kam Hon.

Speaking to reporters at a press conference after the group’s annual general meeting today, Kuan said currently there is an enormous shortage of gloves due to the Covid-19 pandemic.

“Right now, there is an enormous shortage, so we (are) always short on gloves. So the system is compromising because there's not enough gloves. So we do not even know whether we have 120 billion more pieces of gloves in the next three years, do you think it's sufficient? I don't think it's sufficient.

“Glove dipping is a long process, the expansion transition period [for gloves] is at least three years, we are constantly expanding, and what is our glove (production) per annum? Maybe 20%, slightly more than the organic growth,” he said.

Kuan added: "To us, (this) is a big challenge because it is in relation to our capacity, in relation to what we produce, 20% is a lot more."

KUALA LUMPUR: Hartalega Holdings Bhd says demand for rubber gloves won’t be affected by vaccines for the Covid-19 coronavirus and will continue to outstrip supply in the next three to four years.

The pandemic has changed users’ behavior, that has resulted in the demand for gloves, chairman Kuan Kam Hon told reporters. Demand for usage in developed countries have increased 30% while in developing countries, usage has more than doubled, he says.

The industry cannot meet the 120b of additional demand for gloves. This demand can only be fulfilled in three years, he adds.

Spot prices for gloves have jumped 30% this quarter and he expects them to increase 40-50% in coming quarters, he says.

Glove prices are now three times higher compared to those during pre-covid-19.

Hartalega earmarked RM1.5bil investment to build four plants, of which first two lines will be operational by October 2021.

Another RM3bil is for its next expansion phase, its so-called NGC2, which will be fully completed in seven years. - Bloomberg

KUALA LUMPUR: Hartalega Holdings Bhd says demand for rubber gloves won’t be affected by vaccines for the Covid-19 coronavirus and will continue to outstrip supply in the next three to four years.

The pandemic has changed users’ behavior, that has resulted in the demand for gloves, chairman Kuan Kam Hon told reporters. Demand for usage in developed countries have increased 30% while in developing countries, usage has more than doubled, he says.

The industry cannot meet the 120b of additional demand for gloves. This demand can only be fulfilled in three years, he adds.

Spot prices for gloves have jumped 30% this quarter and he expects them to increase 40-50% in coming quarters, he says.

Glove prices are now three times higher compared to those during pre-covid-19.

Hartalega earmarked RM1.5bil investment to build four plants, of which first two lines will be operational by October 2021.

Another RM3bil is for its next expansion phase, its so-called NGC2, which will be fully completed in seven years. - Bloomberg

China locks border with Myanmar.

https://www.nst.com.my/world/world/2020/09/624633/china-locks-down-city-myanmar-border-over-coronavirus

humongainz Waa you target gamblers ah? Good strategy arr. Actually works yknow. Gamblers know no bounds.
15/09/2020 12:41 PM

Sometimes need to allocate some cash for gambling...lah...8-)

Mystereo4 For 4QFY20E (Jun-Aug), we project a net profit of MYR1.05b based on our
blended ASP estimate of USD37/k pieces (+63% QoQ), sales volume estimate of
19.1b pcs (+12% QoQ) and operating cost increase forecast of 28% QoQ. This
compares against 3QFY20’s net profit of MYR348m and 4QFY19’s MYR80m. This
will also bring FY20E net profit to MYR1.63b (FY19: MYR365m).
For 1QFY21E (Sep-Nov), we project a net profit of MYR2.15b based on our
blended ASP estimate of USD58/k pieces (+55% QoQ), sales volume estimate of
21b pcs (+10% QoQ) and operating cost increase forecast of 43% QoQ.
For 2QFY21E (Dec-Feb), we project a net profit of MYR3.52b based on our
blended ASP estimate of USD82/k pieces (+42% QoQ), sales volume estimate of
23b pcs (+10% QoQ) and operating cost increase forecast of 43% QoQ.

Maybank on TG: Buy
15/09/2020 12:39 PM

These analysts are nothing to do...Sit inside air-conditioning room target these target that...write all types of fundamental analysis...Kena...Soros or Druckenmiller...all are thrash n rubbish.

humongainz Oof geary. Ok la at least I believe you can make it back even if it goes south de. Unker believe in u
15/09/2020 12:36 PM

Profit from TopGlove... hentam some Supermax...many gamblers there...(゜o゜;

humongainz Supermax is slowly seeing their funds going out now. You think it'll go TG? Hah!
15/09/2020 12:33 PM

Then I bought some Supermax...@8.28...:-)

pang72 Harta, kossan catch up today

Top glove and Supermx will turn green soon
15/09/2020 11:03 AM

PM...green...Thursday...Up...Friday...sideway... Next week...Upswinging...plus some profit takers...Bursa markets many Contra players.

mf123 DreamCommander,, better u shut up your mouse laa..just ask opinion cannot meh...if u don want hear any bad new u leave this platform laa..
14/09/2020 10:13 PM

Tomorrow opening bell...@9.08...Sleep Well.

On Technical Analysis.
Legendary investors such as Warren Buffett and Peter Lynch agree.
Buffett has said he “realised that technical analysis didn’t work when I turned the chart upside down and didn’t get a different answer”.
To Lynch, charts “are great for predicting the past”.

Apple391 TA will always overwhelm FA in short term. It's all depends on your holding power end of the day
14/09/2020 9:02 PM

ಠ ೧ ಠ

The main ideas he learned from Graham. Buffett responded:

"Well, the biggest thing was picking up a book when I was nineteen by Benjamin Graham called the Intelligent Investor.
I had been interested in stocks since I was six or seven and I'd charted and done all this technical analysis, it was a lot of fun but it wasn't very profitable,
I read the Intelligent Investor and it really had three important ideas in it."

Apple391 All talking about fundamental but forget about TA. Congrats amateurs
14/09/2020 9:00 PM

Oh...ಠ︵ಠ

MickeyLimitUp If 2 bil above friday and following week will sky rocket. TP12
14/09/2020 8:00 PM

Yup...◉‿◉

Invest1688 To determine expensive or cheap, one has to look into the earning, order book , leadtime, demand and many factors

Just by looking at the price of 25.74 and Comment expensive I think is not fair assessment
14/09/2020 6:28 PM

Plus very important how much free cash or owner earnings growth... discounted backwards...still controversial...how about its customers in 195 countries...TOPGLOV... intangibles value...can compute or not...then management team...can calculate or not...aiyoo... actually I also don't know...100%...its Intrinsic Value.

Stockisnotfun I am wondering why Tan Sri keep telling us to wait for the upcoming QR result? I should expect the revenue will be just either 1.5 billion or 2 billion at most? Really can earn until 4 billion ar? Got that good business?
14/09/2020 6:01 PM

I invested TopGlove since...May 2019...read his annual report..Sold...#90%...then bought back again...even sold some on Margin...last few days...Tan Sri is a humble man...u can trust his words...just be patient...u will be rewarded handsomely...｡◕‿◕｡

Beltland you want dividend buy Public Bank,this one meant for short term speculation,made money run. Huat Chaii !!!
14/09/2020 6:14 PM

Dividend is just peanut...Buffett's BRK...so many years zero dividend...No share splits also...So how...which one u one.

mlike But I use my installment money here, I only can hold until end of this month....
14/09/2020 1:55 PM

If like this...ur EQ...not stable... that's why u FOMO...then u fear of losing out...FOLO...too bad...u must solve your free cash flow.

DESPERADO...◉‿◉

Macquarie Group has warned its earnings will take a hefty first-half hit because of calm March-September trading after the steepest bear market on record and delayed mergers and acquisitions activity.

First-half financial results will fall about 35 per cent for the six months ending September 30 compared with the year-earlier period. Revenue and margins expected to fall at present weak markets.

Macquarie Group.

DreamCommander okay geary we just chase the 100 billion mark first then

12.35 looks to me like pretty doable in the near to medium term
14/09/2020 1:19 PM

Hopefully...No other products or services can have such a phenomenal earnings growth at present time... Only... GLOVES...n probably some other PPE related products.

geary TopGlove...Nothing is impossible...@18.5...Rm150 Billions...Market Cap.

https://klse.i3investor.com/m/blog/20200913StoryRM200Bil/2020-09-13-story-h1513469032-TOPGLOVE_Malaysia_first_RM_200_billion_company.jsp
14/09/2020 1:09 PM

Rm200 Billions...@24.70.

Choong Wah Kean If this coming quarter is very exceptionally good, hope tan sri will reward everyone with a good dividend.
14/09/2020 12:51 PM

Not only special dividend...next year...bonus issue again...1:1...2021...then TopGlove will have the most outstanding shares in Bursa...easily overtake...Maybank.

Jo1234 New Zealand is very old news. Move on....
14/09/2020 12:31 PM

All old news...just keep on repeating...all Fake... gloves n bursa sentiments all green green...for at least 2 weeks...Of course there are many types of waves...just hold on inside the ship cabin...n not get sea sick...Hold.

pretty I won't be shock if there is another round of sbb.
14/09/2020 11:31 AM

If go down below...@7.50...then TopGlove risk n finance management will SBB again...that was their average price of SBB. At present till next week...lot of positive sentiments...Hold.

ahpooki2 SharkFinSoup anyone know QR 17 sept will announce at noon or after 5pm?
------------------------------------------------------------------------------
usually after 5pm
14/09/2020 9:59 AM

After SEP 17...All the way... Upswing...with some profit takers.,.◉‿◉

TigerWoods Keep your shares till 2021. Thats when you see the full potential and value of TG earnings
13/09/2020 11:01 PM

Successful investing is like a marathon...very, very Boring...but nowadays most people like to see...50M sprint. Successful investing is Boring anyway.

fire38211 mabel, do u reali read things through? kossan proposing 1 for q bonus issue.. funny.. pls study only comment.
13/09/2020 10:51 PM

Yup... Actually among all pure glove counters... TopGlove percentage of limit down was the lowest...the highest was... Careplus...Harta n Kossan also drop more than Big Bro... Topglov.

Bonus issue can be quite controversial...but overall in growth company, to expand in collaborations n acquisitions can be beneficial in the long run.

Staging strong rebound after nine days of intense sell off

Over the past two weeks, glove counters have been under intense selling pressure driven by two main reasons.

According to an equity analyst, the main reasons were cashing out on the exponential gain as well as repositioning to other stocks especially pharmaceutical and technology.

“After nine trading days, the tables have turned again in favour of the glove counters following the halting over vaccine trial by UK based AstraZeneca due to complications as well as the continuous surge of Covid-19 cases globally,” the analyst said.

While the world is hoping for a vaccine for Covid-19 to be produced soon, she said pharmaceutical companies which have been in the race to come out with one, are experiencing hiccups.

On a two-week basis, the healthcare index which comprises glove makers, pharmaceutical and hospital players saw a drop of 25.17 per cent before staging a rebound of 9.15 per cent on Friday (Sept 11).

As the week ended, rubber glove stocks have dominated the top gainer segment, while being the main index, the FBM KLCI ended on a stronger note driven by robust performance by Top Glove and Hartalega.

Rakuten Trade Sdn Bhd research vice-president Vincent Low said the move was driven by bargain hunting in glove counters following the recent sell-offs.

“Glove counters have been oversold over the past week. In the coming week, we foresee that demand for glove stock will be on the rise, indicating a healthy correction,” he said.

Uptrend still on the cards

In terms of market capitalisation, Top Glove stands at RM62.97 billion, Hartalega (RM42.64 billion), Supermax (RM19.33 billion), Kossan Rubber (RM13.66 billion), Comfort glove (RM2.14 billion), Rubberex (RM1.46 billion) and Careplus (RM1.36 bilion).

Despite the latest slip due to recent sell offs, research houses are still optimistic on the future performance of glove companies as Covid-19 cases have yet to show signs of slowing down.

With health operating procedures in place as well as rising concern of another wave as winter season approaches, steady demand, and positive financial results indicate a stability for the sector.

“While retail investors especially are often following the trend be it buying or selling, we believe that glove companies are an asset to invest in as the pandemic will create a new norm, leaving demand for glove on a steady note,” said an equity analyst. — Bernama

EdenOfSaudi1 For the past month, Tan Sri has bought half a billion. He’s already hinting so obvious it is way undervalue.
13/09/2020 4:11 PM

Yup...one year or more ahead...he knew it... because of his years of experiences...u can say present value is undervalued...for people who knew the forward estimated earnings growth...maybe 18 months from now.

Value investing n Growth component are joined at the Hip.

No less than the Oracle of Omaha agrees, writing in the 1992 letter to Berkshire Hathaway shareholders:

[…] most analysts feel they must choose between two approaches customarily thought to be in opposition: “value” and “growth.” Indeed, many investment professionals see any mixing of the two terms as a form of intellectual cross-dressing.

We view that as fuzzy thinking (in which, it must be confessed, I myself engaged some years ago).
In our opinion, the two approaches are joined at the hip: growth is always a component in the calculation of value, constituting a variable whose importance can range from negligible to enormous and whose impact can be negative as well as positive.

In addition, we think the very term “value investing” is redundant. What is “investing” if it is not the act of seeking value at least sufficient to justify the amount paid?

Consciously paying more for a stock than its calculated value – in the hope that it can soon be sold for a still-higher price – should be labelled speculation […].

199, BRK letter to shareholders.

klcianalyzer Those who bought below rm8? Because tomorrow gap up above rm8?
13/09/2020 4:11 PM

(◠‿・)—☆

clouud1234 You think Tan sri stupid enough to hoot 200million share for nothing.Sure got crab behind the stone.
13/09/2020 4:03 PM

Yup...those who bought below...@8.00...the forward PE multiple is reasonable. U will realise it after SEP 17. Hold... Overweight until SEP, 2021...｡◕‿◕｡

Soros: "It takes courage to be a pig."

When asked about the most important lessons that Stan Druckenmiller learned from George Soros, he says:
"I've learned many things from him, but perhaps the most significant is that it's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong.
The few times that Soros has ever criticised me was when I was really right on a market and didn't maximise the opportunity.
Soros has taught me that when you have tremendous conviction on a trade, you have to go for the jugular.
It takes courage to be a pig. It takes courage to ride a profit with huge leverage.
As far as Soros is concerned, when you're right on something, you can't own enough."

Druckenmiller.

Nitrile Glove: Barrier of Entry is so HUGE.

Moat: A barrier of water, red piranhas are swimming, sharks, or crocodiles...◉‿◉

In other words, not everyone needs gloves -- but the people who do need gloves are likely to need nitrile gloves. And they're only going to get harder to find.

“The big problem with the nitrile glove space is that the barrier to entry is so great,” says Sean Kelly, Chief Procurement Officer for PPE of America.

“For surgical masks, also known as 3-ply masks, for $150,000 you can get a machine to make them and you’re in business."

"Nitrile glove manufacturing is very complex. The raw materials are very difficult to access in some parts of the world.”

Right now, the only US, domestic manufacturer of nitrile gloves is The Showa Group. Their factory, in Lafayette, Ala. opens April 12, 2021. And when it comes to amateur glove-making, well, that simply doesn’t exist.

CPO. PPE of US.

Top Glove Corporation Bhd.
(KLSE:TOPGLOV) share price down 29% in the last month. But that doesn’t undermine the fantastic longer term performance (measured over five years). To be precise, the stock price is 889% higher than it was five years ago, a wonderful performance by any measure.
So it might be that some shareholders are taking profits after good performance. The most important thing for savvy investors to consider is whether the underlying business can justify the share price gain.

It really delights us to see such great share price performance for investors.

There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance.
By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.

During five years of share price growth, Top Glove Corporation Bhd achieved compound earnings per share (EPS) growth of 24% per year.
This EPS growth is lower than the 58% average annual increase in the share price. So it’s fair to assume the market has a higher opinion of the business than it did five years ago.
That’s not necessarily surprising considering the five-year track record of earnings growth. This favorable sentiment is reflected in its (fairly optimistic) P/E ratio of 96.28.

It’s probably worth noting we’ve seen significant insider buying in the last quarter, which we consider a positive. That said, we think earnings and revenue growth trends are even more important factors to consider.

What About Dividends?
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. It’s fair to say that the TSR gives a more complete picture for stocks that pay a dividend.
We note that for Top Glove Corporation Bhd the TSR over the last 5 years was 990%, which is better than the share price return mentioned above. And there’s no prize for guessing that the dividend payments largely explain the divergence!

A Different Perspective
It’s good to see that Top Glove Corporation Bhd has rewarded shareholders with a total shareholder return of 310% in the last twelve months. That’s including the dividend. That gain is better than the annual TSR over five years, which is 61%. Therefore it seems like sentiment around the company has been positive lately.
Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. I find it very interesting to look at share price over the long term as a proxy for business performance.
But to truly gain insight, we need to consider other information, too. Consider for instance, the ever-present spectre of investment risk.

There are two risks, first a ASP tapering off, when supply n demand in equilibrium. Second urban citizens are vaccinated, n WHO declared, COVID-19 is OVER.

Disclaimer: For reference Only.

Overweight call on glove counters.

https://www.klsescreener.com/v2/news/view/727255

Pure glove counters,
Uptrend still on the cards

In terms of market capitalisation, Top Glove stands at RM62.97 billion, Hartalega (RM42.64 billion), Supermax (RM19.33 billion), Kossan Rubber (RM13.66 billion), Comfort glove (RM2.14 billion), Rubberex (RM1.46 billion) and Careplus (RM1.36 bilion).

Despite the latest slip due to recent sell offs, research houses are still optimistic on the future performance of glove companies as COVID-19 cases have yet to show signs of slowing down.

With health operating procedures in place as well as rising concern of another wave as winter season approaches, steady demand, and positive financial results indicate a stability for the sector.

“While retail investors especially are often following the trend be it buying or selling, we believe that glove companies are an asset to invest in as the pandemic will create a new norm, leaving demand for glove on a steady note,” said an equity analyst.

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dalpinia PAT RM1.6B x 4 QRs
12/09/2020 10:52 PM

Yup...I can put an assumption of...@25.00..Sep 2021.

TigerWoods i mean 2021 at least. cheers!. if 2022 then double cheers!!

Yup...I can put an assumption of...@25.00..Sep 2021.

But under so many factors n unforseen circumstances...within a year... probably margin of errors...off...#10%><.

We Malaysian retailers n local funds...Must support our glove industries...then there are good chance for most glove counters to appreciate its market values. Macquarie is an Australian assets management professional team...with...AUD500B asset under management. They are very, very cunning n experience teams. So how... business world all are interrelated..lot of challenges...$$$...are flowing in n out from every marketable mechanism.

That is Why...stock markets aren't for those faint hearted. Many people dare not press...ENTER...even some of them are multi millionaire.

So who are U anyway...find your true self...whether u can than...in the long, long marathon...¯\_(☯෴☯)_/¯