ToraToraTora Geary..... UBS analyst just released TP RM5 too over nx 12 mths
18/09/2020 12:18 PM

I think lot of people lazy to do their own analysis...n don't understand the business products or services they invested. They like to listen to those outsiders, who don't run the business day in day out. Most of them are manipulators...insiders who hold billions, they don't want to know n understand why, they hold so much shares. They prefer to listen to outsiders. Good luck to u.

geary laychee If you use last quarter and do a forward PE of 20, it is worth RM5.50.

If you use this quarter and do a forward PE of 20, it is worth RM12.

Now you see what IB can see.

Be more objective...within these 18 months or 6 quarters...Robust earnings growth for glove products. Don't look at pre or pro Covid19.
18/09/2020 12:13 PM

Why I say 18 months or 6 quarters... beyond that high margin of errors.

Agjl Geary.....i think better dun get too excited. I was just sharing what i gathered in the cnbc interview. Later i will get bashed by naysayers and get cursed at. :)
18/09/2020 12:03 PM

Relax...I was assuming that figure also...before that...so just buy n forget about the price volatility...any weakness just add...or if too hot...just sell some to average down your cost. These are strategies of long term investing.

geary geary Agjl Watched Live interview on TG by CNBC a while ago. Very positive comments and views given. Mentioned FY21 another 25% growth.

Quote” the latest quarter results is not our best quarter” unquote.

WOW.
18/09/2020 11:52 AM

Every quarter...25% earnings growth...so FY2021. SEP...PAT@6 billions...◉‿◉
18/09/2020 11:55 AM

So if you bought at today price...in SEP, 2021..PE multiple is below 12x.

Makeabuck Added and locked in...long haul gains...TanSri never failed us...he indicated robust QR and it was robust...and better ones to come...i can only expect better...ppl saying its overpriced la bla bla bla...well thats their opinion...value investing...so much value in TG now and moving forward...
18/09/2020 11:56 AM

Value growth investing...by the way growth n value are joined at the Hip.

Newplayer286 Tan Sri how come ur price still not above before BI? at least stand at 8.80 lo...if not no face...
18/09/2020 11:43 AM

I remember a story in BRK AGM...a child around 12 years old...asked Buffett...why your share price not up...why down...since your are so...good...Uncle Buffett gave the child some See Candies...and said...I don't understand...but u will probably when u grow up.

GorengBilis HONG LEONG TP RM13

https://klse.i3investor.com/m/priceTarget/56982.jsp
18/09/2020 11:41 AM

Reasonable forward price in January probably.

Bloodslug666 Uncle lim wan cash out buy car house.. Tq retailer
18/09/2020 11:34 AM

Topglov can SBB with 1 billion anytime...but they prefer to grow their glove production lines. With that 1 billion cash, u think how much they can loan from bank. All the banks rushing to lend to him. Mind you, more free cash flowing in the next 4 quarters, so imagine lah.

Babi Shark Just hold if you believe in Tan Sri, no need curse other la daigor
18/09/2020 11:21 AM

Yup...SBB in TopGlove is necessary at that time. Not like Maybank...they didn't give much bonus issue. TopGlove is different. They give less dividend, occasionally special dividend, bonus issue consider good, n allocate their cash efficiently for acquisitions or growth its organic business. Of course there aren't perfect...doing such a big business isn't easy okay. U should study its balance sheet thoroughly if you invested it. Look at the retained earnings n cash n equivalent increase overtime. Plus those debts are decreasing. Very strong balance sheet, forward going I think stronger. Probably, 1:1 bonus issue, next SEP. N their outstanding shares highest in Bursa.

newkid I believe 90 % of big margin holders , cyber sifu, who speculate TG price would shoot up after qr release have cut loss n tapao already !!! They miscalculated the dumping of off shores funds on both fronts , bursa and sgx . I believe local IB will slowly pick up the stuffs gradually as their funds are quite small. Tan Sri family might fork out some personal money to accumulate in sgx. Base on his emperor style of arrogant character , he will use his personal money to buy because some funds have questioning the using of SBB .
18/09/2020 11:02 AM

There are many retailers Cari Makan in Bursa...even in SGX... remember Soh Chin Wen cases of manipulation. These people will create dozens of trading margin accounts...so there are lot of money okay. Some are directors of said company. Usually the big sharks will win most...n baby sharks will bleed most. But when those baby sharks came asking for help...there just don't care. I knew some in Singapore who lost half a million...because they trust their father or grandfather sharks. All declared bankrupt. Now some a caught, done run away overseas. Just almost like 1MDB cases. Money really make the world round n round. Money really very dirty... that's why the real monk cannot touch money...those who touch it are fake monk. Look around your surroundings...then u will understand your investment better...◉‿◉

2527005 People should stop all kinds of allegation about IB pushing down price to save their call warrants payout. You don't work in bank you don't know their strategy. 1. Call warrants only cater to a very small market and the amount is also small. Guess what they queue every step up so when you buy you already buy at a premium from them. They already made money by selling to you at every price. Go see the queues. How many people q buy call warrants? And the same amount on both side are bank themselves. You sell to them every step down you buy from them every step up. You think they are so stupid and you are smarter? When price down blame IB. When price up take credit. Yeah right.
18/09/2020 10:44 AM

Yup...one issue with those derivatives...but these are liquidity mechanism in business sense...but some crooks take advantage...there are loop holes. Including those permitted short selling in ETF. Not only gloves counter are red...almost all are red...if downtrending markets. Market directions play very important factors...then those institutions n funds will take those chances. So lacking of two or three stars not shinning...when market trends are bearish. Looking good later on... untill Tuesday morning.

JBond007 Never Say Never Again to Top Glove.
18/09/2020 9:55 AM

Latest...No Time To Die... TopGlove shareholders...◉‿◉

ASP higher during Vaccine.
https://www.klsescreener.com/v2/news/view/729093

Organic business growth.
https://www.klsescreener.com/v2/news/view/729095

Jialat.
https://www.cnbc.com/2020/09/17/coronavirus-latest-europe-jittery-as-cases-rise-and-lockdowns-return.html

jasonred79 KYY... he says some points that I agree with, and many points that I disagree with. But I am shaking my head in confusion why someone with years of experience and multi million dollar investment fund is doing margin trades, AND GETTING MARGIN CALLS. (he himself admitted to getting margin called on some stocks)
18/09/2020 12:07 AM

Few times Kena already...maybe he too daring or overconfident...some sweet n slow talk from his IBs...so like this lah...become childish.

Yup...but how to justify above 33% down...last week on the 7/8/9/10...then 11st shot up...6.15 to 8.03...limit up few minutes. Not easy looking at only call warrants issue. Technical rebound... expected.
17/09/2020 11:45 PM

BursaBiggestBoss Actually kyy kiong kan liao. He said he sold all his topglove but actually he cut loss cut till he got big loss till he lao sai till cannot walk liao!!!
17/09/2020 11:46 PM

I remember that very well...because...I won...buying with cash n margin...@6.18...sold...@8.00...1 day job.
17/09/2020 11:51 PM

newkid More look like roll down or press down instead of disposing . Kwap n kwsp combined hold more than 500million, they will not sell. Local IB shares are not sufficient to press down in this scale , even all IB sell, which are also very unlikely. Public Mutual n Great eastern fund the most hold 350 million shares. Those from Australia n US funds combined hold more than 1.5billion shares, they are likely the master hand behind this shake up.
17/09/2020 11:29 PM

Yup...but how to justify above 33% down...last week on the 7/8/9/10...then 11st shot up...6.15 to 8.03...limit up few minutes. Not easy looking at only call warrants issue. Technical rebound... expected.

Friendship Short selling is replaced by selling big volumes to push down prices and then buy back on the same day and make intra day gains

Just like u make profit from contra gains
17/09/2020 10:24 PM

Yup...something fishy about ETF funds short selling...now ETF very hot.

KUALA LUMPUR (Sept 17): Top Glove Corp Bhd said it expects to resolve the detention order imposed by the US Customs on its subsidiaries by the end of this year.

Currently, the group is still engaging with the US Customs and Border Protection (CBP) to lift the Withhold Release Order (WRO) that was imposed in mid-July, following allegations of forced labour and that the matter is progressing well, said Top Glove executive chairman Tan Sri Dr Lim Wee Chai.

“We believe it will be settled very soon. We estimate it can be before the end of the year. [In fact] we believe it should be settled within a month, but this is only our estimate,” Lim told a virtual press conference held in conjunction with the group's announcement today of its latest quarterly and full-year financial results.

The North American market remains the group’s largest market, accounting for 22% of its sales volume for the financial year ended Aug 31, 2020 (FY20), though sales volume to the market has fallen 6.5% in FY20 compared with FY19, due to the import ban.

Nonetheless, the group said there has been no impact to its overall revenue and profit due to the strong demand for its products globally, and the long lead time for the delivery of orders it received from other countries.

For example, it said sales quantity in Asia ex-Japan has jumped 53.8% year-on-year, followed by the Eastern Europe market 29.5% y-o-y increase and the Japan market's 29.1% y-o-y growth.

The import ban was placed on Top Glove's subsidiaries, Top Glove Sdn Bhd and TG Medical Sdn Bhd on July 15.

On Sept 7, Top Glove said it had submitted an audit report to the US CBP in relation to the alleged forced labour issue filed against the glove maker. The report, according to the group, was prepared by an independent consultant and entailed virtual interviews of about 1,100 of the company’s migrant and local workers in various locations.

Last month, the group said it would pay an estimated remediation sum of RM53 million to its foreign workers, subject to finalisation with the US CBP, to resolve the matter.

Today, Top Glove said it has made two remediation payments of RM4.4 million each to the migrant workers who were employed by the group before 2019, on Aug 10 and Sept 10.

Retailers profit taking...

https://www.klsescreener.com/v2/news/view/728941

Nathan27 Now tan sri cash pile swelled up , pls step in to support price tmr ;)
17/09/2020 8:58 PM

Yup...@>1.2 billions...let see.

RG1972 Jom & Terry (KLSE Stock Sharing)

Today, the overall market sentiment has turned weak in the afternoon session due to 3 reasons:

1) Despite good TOPGLOV quarterly results and prospects, the market sold glove stocks on news, especially TOPGLOV. This affected the KLCI sentiment.

2) The reddish US futures spread negative sentiment across major markets, and Malaysia is not spared from it.

3) Combining #1 & #2, the market sentiment turned weak starting from today's afternoon session.

"Derivative are weapons of mass destruction," Buffett.
It did happened in year 2008 crisis.

Shawalrich87 How come that possible @ pjseow, even with Sterling financial result, lock in profit for next 18 months also get sell down ..who did this ? Not make sense
17/09/2020 8:32 PM

Mr.Market is Irrational...U must be rational...as long your data n analysis are correct...u are right because of your understanding n not because u need to have the crowds agreed with u or not.

pjseow Based on total eps of last 4 rolling qtrs , Topglove PE is lowest at 34 followed by Supermx at 40, Kossan at 50 and then. Harta at 86. It is ironic that Topglove , the world number 1 glove maker was sold down with lowest PE. Topglove management provide quite good visibility. of next qtr earning with % of spot.sales and ASP increases. The next rolling 4 qtrs eps will give Topglove PE at about 17 assuming next.qtr earning at 1.5 X of Q4 earning based on today closing price.
17/09/2020 8:24 PM

Yup... Weakness Buy... Forward PE multiple much lower...I don't see TopGlove selling at below 15x PE.

Dave Jet Tan Sri Lim made TG loyal investors earn big over 20 years..
17/09/2020 8:15 PM

Yup.

HumbledInvestor Here's what we think about Topglove! Sell on news?

https://klse.i3investor.com/blogs/HumbledInvestor/389145.jsp
17/09/2020 8:08 PM

So before news came out...how come sold down...on the 7th, 8th, 9th n 10th. On the 11st... suddenly limit up for few minutes in the morning. Explain lah.

hengsame YA:
Jingweihan Kyy is a frog. Listen to him die. Tomorrow he will say buy in topglov
17/09/2020 7:37 PM

KYY the snake will hide all his trading losses and only tell you trading gains.
17/09/2020 7:44 PM

Losing in Market crisis like in March this year are mostly those on Margin. If u bought with cash...even higher price a good FA counter...u never sell...then u average down...now u already win back already. Probably he lost more than he won. That's why he feel afraid during this Covid19 Pandemic uncertainties, he sold n profit less is okay. We have nothing to say, he is so old, very experienced, n now maybe a bit childish.

Nobody can control the price of outstanding shares in TopGlove...But with many sellers because of uncertain market directions...but these people will buy back...they are all professionals traders. I will see how long it takes to upswing again. Hold or buy on further weakness.

ThePowerOfGlove Start learning to chase at low
17/09/2020 7:24 PM

Chase low on strong FA counter...where got counter keep on going up like rocket...find one for me...Market directions also very important... crisis...all down...But which are the counter...to go up faster...of course earnings growth counter. Just hold...but always remember to lower your Holdings or portfolios cost of capital.

Bloodslug666 I took advantage of the situation and sold all my Top Glove shares... From my kyy

https://koonyewyin.com/2020/09/17/do-shareholders-benefit-when-top-glove-buys-back-its-own-shares/
17/09/2020 7:22 PM

Old already Uncle KYY...talk like children.

cchcch Tmr, TG will rise again. Fast like wind. Up up TG..
17/09/2020 7:15 PM

Technical rebound high possiblity...this is human nature... Market trends overall weak...Today...more sellers for profit...n force selling last hour... especially those on contra n margin. Hold.

Regional n Asian markets mostly all...Red.

https://www.klsescreener.com/v2/news/view/728903

Tan Sri Lim Wee Chai
PETALING JAYA: The world’s largest glove manufacturer, Top Glove Corp Bhd is targeting for a listing on the Hong Kong stock exchange by next year.

Its chairman Tan Sri Lim Wee Chai said that the group is currently talking to bankers for the potential initial public offering (IPO) of Top Glove for the third time after Bursa Malaysia and Singapore.

“It's only a plan and we are talking to the bankers to see which is the most suitable method to go for listing in Hong Kong,” he told reporters after Top Glove’s result briefing on Thursday.

Lim pointed out that the listing in Hong Kong is to expand the company presence and be more visible to the global market.

“We always dream big, do big and achieve big. That is a bigger market and we always look for higher value add in a bigger market.

“Hong Kong stock exchange is 10 times bigger than Malaysia or Singapore. It is a bigger market and we always look for higher value add in a bigger market,” he said.

Top Glove is currently the second most valuable stock on Bursa Malaysia after Malayan Banking Bhd (Maybank).

All Regional n Asian markets are RED.

SGX Listed Stock
TOP GLOVE CORPORATION BHD (SGX:BVA)

SGD 2.700
-0.300 / -10.00%Share Price as of: 2020-09-17 16:09Market / ISIN Code: SGX Mainboard / MYL7113OO003GICS® Sector / Industry Group / Industry: Health Care / Health Care Equipment & Services / Healthcare Equipment and Supplies

SGX... Sama Sama Goreng.

stocktrade101 making tons of money and ppl don't like it and choose to run! silly.
17/09/2020 4:08 PM

Malaysia Boleh lah...lot of gamblers... Sometimes must follow market trends in Bursa lah.

joesephlim Haha profit taking only!!
Will look to accumulate more once it stays above 8.03.
17/09/2020 4:06 PM

All goreng kakis a lot... Added...@8.05.

Invest1688 The day haven’t finish yet, still have 6.5 hours to go

Wait you see
17/09/2020 10:34 AM

Patience...those on contra... kanchong already...later I go order ayam penyet...shiok shiok lunch...waiting for superb quarter report.

geary Makeabuck Have Tg ever limit up before? Cant remember
16/09/2020 10:28 PM

Maybe tomorrow...but only for few minutes...Q below the limit up price...lot of profit takers when...Limit Up.
16/09/2020 10:36 PM.

AM shoot up...n break previous resistance... become...@9.78.

moneycashrich uncle sold already.........no more support except bad news.........to drop.......and buy again.....do not tell people to invest........tell them to trade like uncle.....already sold and talk air.
16/09/2020 8:09 PM

Why u care he sold or still holding. Last Friday did u saw the volume in a single day...!!!

Power Gain If tomorrow price up , will earn . If price down , will grab at cheaper price . So no matter how , Glove counters will make me earn more and more money . Is just as thatsimple
TQ glove counters ..I already make so many round of profit …..and more to come .
16/09/2020 8:01 PM

Yup...high u buy less...low u buy more...too high or too hot u sell some...to reduce your cost or increase your Margin of Safety. But what is low...what is high...n what is too hot...u got to see it yourself. Different business have different valuation variables n ratios. So keep in learning.

Alamak...then...@12.88...Friday

Market capitalization...@105 Billion.

pang72 Everyone sialang top glove?

Haha...

Don't like that la...
16/09/2020 7:42 PM

Alamak...then...@12.88...Friday.

Stockisnotfun What do you mean? Time to sailang haha?
16/09/2020 7:36 PM

Sailang was past few days...On Weakness...margin also can.

GorengBilis SGX TOPGLOVE Do the Best today !! my SG friend keep all in they believe can go SGX TP4
16/09/2020 7:26 PM

SGX only has three pure glove counters... Topglov, Riverstone n Ughealthcare. Not much counters to goreng lah. All are Malaysian bosses.

TigerWoods Why 9.28? im thinking to queue at 9.00 to top up
16/09/2020 7:06 PM

Just try your luck loh...sure upswing lah...!!!

supersinginvestor I will do the swap some maybank into tg tomorrow early morning.....
16/09/2020 7:00 PM

Oh...then u Q at...@9.28...Sure can get lah.

keng88 Tomorrow QR out after 12.30
16/09/2020 6:45 PM

Don't care what time lah... important share price... Limit Up...8-)

greedy44444 Remember again...buy on rumour sell on news as QR coming soon
16/09/2020 6:37 PM

Only for lot of hype, news that haven't realized yet, lousy FA, etc...then u do that. For strong fundamental counters...there are...but not to such extreme.

pang72 Hihi.....

Small cap glove limit up like hlt, careplus..

Lady n gentlemen,
I have yet to see the limit up for big cap glove!

Anyone interested?

I am hunger to record down all the history moments..
16/09/2020 5:54 PM

Okay make u happy lah...Limit Up...@10.95.
16/09/2020 6:27 PM

Only Harta n Kossan... sideways...the rest...All Limit Up...8-)

pang72 Hihi.....

Small cap glove limit up like hlt, careplus..

Lady n gentlemen,
I have yet to see the limit up for big cap glove!

Anyone interested?

I am hunger to record down all the history moments..
16/09/2020 5:54 PM

Okay make u happy lah...Limit Up...@10.95.