TOPGLOVE EGM Update by yttihs - gloveharicut | I3investor


TOPGLOVE EGM Update by yttihs
Author: gloveharicut Publish date: Tue, 18 Aug 2020, 10:49 AM

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I am reproducing TOP GLOVE EGM Summary by yttihs & monkychi81 to my blog.



yttihs, 10:46 AM
Here's the summary of some interesting questions from the EGM

Aug to Sept - ASP increased 20-40% depending on the type of gloves
TG allocating 30% for spot orders
Target to resolve CBP detention issue by the end of August
Expect to pay a final dividend which will be higher
Average TP from all the analyst is 31.13
Average PAT expectation from all analyst is 1.4b
Windfall tax was debated on Parliament yesterday. For now there is no intention to implement the windfall tax.

TP...@38.88...4th week September...◉‿◉

Lanesra after Bonus issue , expecting dividend somemore...thank you Tan Sri Lim haha
18/08/2020 11:03 AM

Probably. ..Special Dividend...!!!

Lanesra yawn, the good old days of construtive exchange of information on i3 is dead
17/08/2020 11:46 AM

Waste your time reading...and there aren't any ban on abusing in i3. Just buy on weakness...no need to read all those nonsense.

Goldgent Must include baby glove also.
CCR (Comfort, Careplus, Ruberex)
The name should be THKS CCR.
18/07/2020 10:57 AM

｡◕‿◕｡

https://www.straitstimes.com/asia/se-asia/raised-on-rubber-malaysian-businessman-tan-sri-lim-wee-chai-boss-of-top-glove

geary Fully Added...@3.05...Average Capital...@3.00...｡◕‿◕｡
14/08/2020 4:42 PM

Averaging Up... Hold... Probably...@8.00...Feb, 2021...(@_@)

https://www.cnbc.com/2020/08/13/dr-fauci-on-us-coronavirus-outbreak-im-not-pleased-with-how-things-are-going.html

https://www.klsescreener.com/v2/news/view/714261

Contra trade ban... Rumour...ಠ︵ಠ

geary Bought back...@0.625...Average...capital...@0.25...Hold.

◉‿◉
13/08/2020 4:00 PM

Averaging...Up...Fully Added.

ant888 i don't know why this company is very good fundamental and making huge revenue but ppl throwing tickets. I think TG boss should announce venture into vaccine business so that ppl no need to waste time to spread vaccine news!
14/08/2020 6:23 PM

Oh...yup...maybe...Tan Sri Lim...got the money n people...can collaborate with China vaccine producers...n distribute here n ASEAN...Wait for unforseen announcement...｡◕‿◕｡

yttihs @geary you want get into private chat group?
Advantage: No naysayers. They bark, I ban
14/08/2020 6:49 PM

Never mind...I read only the important points...Anyway can learn to be patient...with unreasonable people...we can bulk up our psychological or EQ...Be a all rounder...TQ.

https://www.reuters.com/article/us-health-coronavirus-china-food-idUSKCN259330

Handling of frozen foods...Gloves are needed...SOP.

https://www.channelnewsasia.com/news/asia/china-sinopharm-covid-19-vaccine-triggers-antibodies-trials-13020856

Vaccine trials 1 n 2... Successful...◉‿◉

jean9923 Should have sold it when TP RM5.8... but I hold it and it dropped to RM3.3. Lost profit of 50K
14/08/2020 5:14 PM

Learn from mistakes...yup...must sell to bring down your buying price...that's take back some capital... that's to increase your Margin of Safety...◉‿◉

Babi Shark TROLL, the daily chart of TOPGLOVE seem like a heartbeat meter... up and down,,, more exciting compared to a roller coaster...
14/08/2020 5:00 PM

I always like RollerCoaster...｡◕‿◕｡

Lownet2323 Good luck Geary. I am newbie. I am emotional. I sold all. Thank you.
14/08/2020 4:55 PM

Buy back on Monday...if u can...◉‿◉

Lownet2323 2 - 3 years ago. Aimed for fortune 500. And bought a glove company without checking.
This year, around rm 20- buy a little to let trader think the stock is good.
Around rm 25, buy a little to convince other buyers to think the company is sound.
It is not sincere at all. Should let investors know pe of 100 needs 100 years to pay back even with full capacity - cannot reduce pe to 30++ within years.
Good luck for the believers.
14/08/2020 4:49 PM

Ha...Next quarter...can pay back...no need 100 years...PE...33x...if price still the same...｡◕‿◕｡

Added... enough...@23.40...◉‿◉

Fully Added...@3.05...Average Capital...@3.00...｡◕‿◕｡

tcgien too much rubbish rumuour. last mont said windfall tax, now say ban contra. they just want to create panic to force weak player to sell
14/08/2020 2:05 PM

Syndicates...Sharks...etc...Just want to...Buy Lower...so all types of half baked news came out...half truth...half fake...So when their targets are achieved...U know...I know lah...｡◕‿◕｡

Miracle7 Geary pls make it happen
14/08/2020 1:52 PM

At present...Market directions look slightly uncertain...U know Bursa...we Malaysian...are adventurous people...So just...Wait...it bounds to happen...Be optimistic...｡◕‿◕｡

Aiyoo...Got free cash just add lah... forward earnings growth... Should be...@40.00...◉‿◉

Lisabell88 If only careplus down, then be scared. But now every counter also red. Just chill lah. Aiyo.
14/08/2020 11:31 AM

More than 750 counters... down...GDP contraction was expected...But today Friday...lot of profit taking...Buy on Weakness...◉‿◉

skyhin Remember TG up to 18,uncle Lim buy at 17. 00 with huge... After that drop 14..... Than come back until today...... Senario.. Is same now.. Wait him up to 30 to 35 soon
13/08/2020 7:27 PM

(◠‿◕)

yttihs @Kendo @geary exactly my point. There are useful stuff in charting. But if you rely on in to guess direction, not useful. At the end of the day, big guns are the answer.
13/08/2020 6:22 PM

We got to anticipate n assume...who are those big guns...local or foreign institutionals or funds..plus other prospective buyers...so what do u think...more buyers...or more sellers...plus market trends at present...｡◕‿◕｡

Burdoc top up some during closing. will see
13/08/2020 5:58 PM

From my TA...it should be...<@24.50...to average up...but still okay at present...going uptrend a bit... haven't reach... Overbought...◉‿◉

yttihs unfortunately, chart is not something i believe. But there are things which is useful.
13/08/2020 5:29 PM

Can be useful...if u need to average Up...or maybe average down...but sometimes downtrending counters can be tricky... without solid FA...plus more prospective buyers than sellers...I am still learning...｡◕‿◕｡

jungleboy means oversold technically for TG?
13/08/2020 5:27 PM

Ha...I don't see any glove counters...Oversold...they can stay... Overbought...for 2 or 3 weeks...n down only for few days...in consolidating trends... slightly in the middle of... Overbought...◉‿◉

yttihs The Empire Strikes Back!!!
13/08/2020 4:46 PM

Insiders are supporting its market price...later we shall see announcement...｡◕‿◕｡

Miracle7 Ok geary wish ur dream come true
13/08/2020 4:23 PM

Kick Maybank down from its Perch...If run by yellow skins... already as good as PBB...◉‿◉

Miracle7 Or maybe rm35
13/08/2020 4:15 PM

No lah...Limit Up...@53.00...ʘ‿ʘ

Bought back...@0.625...Average...capital...@0.25...Hold.

◉‿◉

Invester88 If I know the nurse touch the previous patient, then want to use the same glove touch me, I will ask them to change glove, it is highly contagious.
13/08/2020 3:32 PM

Yup... highly contagious n smart virus...New SOP needed...more gloves needed...Every patient... A pair of gloves in the trash can...｡◕‿◕｡

Lanesra Geary,, medical personnel need to change each pair of gloves after they handle 1 patient. And change into another when they handle another patient. Not 1 pAir for 4 hours.
13/08/2020 3:07 PM

Yup...if like this for Covid19...more gloves needed...I was thinking they work around 4 hrs...then lunch break...they change new one...they have to be very, very strict... follow...new SOP.

Bornfree Be patient, follow TG bosses. They know the demand for gloves very high even with vaccine. Order already full until next year. So results must be very good lah.

Yup... unfortunately...there are many Topglov...imposters...acting like TG bosses...they know gloves business better than Tan Sri Lim n others running the business day in day out...ᕙ( • ‿ • )ᕗ

Fong Zhin Bok While injecting vaccine, the doctor no need to wear gloves? The vaccine must not be one dose only, must be at least three doses. And then, what if the vaccine of company A is not effective, the people have to get the vaccine of company B. Vaccine should not be the enemy of gloves, they are in the same team.
13/08/2020 2:41 PM

For gloves they can only wear maximum...4 hrs...Must change new one...others u guys go n find out more evidence...◉‿◉

Cause the truth is gloves will remain relevant until WHO announces pandemic is over. Pandemic is still far from being over.
13/08/2020 1:01 PM

Gloves. Mask. PPE n upcoming vaccine...huge demand.
13/08/2020 1:31 PM

We can see in YouTube...how vaccine trials was conducted...all the doctors n nurses wearing gloves, masks n PPE...still there are many imposters here trying to discredit those findings...Up to them...Pity them because their aren't so critical of what they want...or maybe they don't know what are their investing strategies.

If vsccines are approved by WHO...u think WHO will allow those front lines workers... don't wear gloves, masks n PPE, to administer those vaccine to all the people. This is Covid19...not main main... okay...¯\_( ͡° ͜ʖ ͡°)_/¯

Havoc27 so much of hatred in this forum. when tg reached 10 all say overvalued sell and run. whn it reached 15 thn 20 now 25 ppl are still barking the same thing but the share price keep going up. reason ? Good fundamentals, good management and exponential earnings every quarter. if u guys wanna gample based on vaccine news don come here coz we invest based on fundamentals and earnings

Yup...｡◕‿◕｡

supersinginvestor @geary. U must ask citi how come in february he got no target for gloves only now.. february no covid ah.
Citi gives this target for u to buy from him lor...
13/08/2020 1:36 PM

U don't have to tell me... Topglov...bought in 2019 May...Sold untill free shares...Bought back again... Topglov all the while I never lost money...Maybe u should look into yourself...what wrong with u anyway...¯\_( ͡° ͜ʖ ͡°)_/¯

Lisabell88 CITI just revised TopGlove’s TP to RM48.10. If gloves not relevant anymore then explain why still bother revising to higher TP.

Cause the truth is gloves will remain relevant until WHO announces pandemic is over. Pandemic is still far from being over.
13/08/2020 1:01 PM

Gloves. Mask. PPE n upcoming vaccine...huge demand.

yttihs And Tan Sri will show us the result we all longing to see.
12/08/2020 8:28 PM

Yup...be specific towards your goal... don't waste time talking to those imposters...Insiders are buying n buying...same like... Careplus...of all those people...who are those who understands Topglov business...Better...Outsiders...even we don't really understand...funds n institutions... still...No... Insiders... BOD n others inside the management...when u see them buying... that's a fantastic signs...＼(°o°)／

https://www.scmp.com/week-asia/opinion/article/3097035/indonesias-sinovac-coronavirus-vaccine-trial-raises-safety

Another one for some... imposters...SEE...◉‿◉

https://www.bangkokpost.com/world/1966567/indonesia-starts-final-clinical-trial-of-sinovac-covid-19-vaccine

sino-vac-covid-19-vaccine...Final Clinical Trial-Can't u see both hands gloves are...ON...Mask On...plus PPE... Pictures say a hundred words.

https://www.klsescreener.com/v2/news/view/713271

Glove...Still have legs to run...◉‿◉

Bluey A lot of silly comments caused by extreme fear. Vaccine or no vaccine the glove biz will thrive.......it is now the SOP for many businesses., the dentist uses a new pair for each patient, the popish seller uses it to serve you clean food, the vet uses it for each animal he touches, all workers at a restaurant wear one. You actually know it and you will not patronize a place where people don’t wear gloves or mask. So you have to believe TG will declare record profit in a few days. Cheer up people. If you are afraid, stand back, take a rest and come back when are more confident of the market. Super Good Luck to ALL
12/08/2020 3:04 PM

Yup...lot of people not observance when they are out...there are all types of gloves...even they go hospital also...those who really understand gloves usage...will be very attentive...how its demand everywhere... vaccine production n storage need more gloves on both hands. Then what the biologist n biotechnologists wear...Condom...or other things...¯\_( ͡° ͜ʖ ͡°)_/¯

tuapuikia Panic seller never learn from mistake, always sell cheap
12/08/2020 11:57 AM

Why panic sell... because they don't understand why... vaccine are produced...n they don't understand gloves are needed for what...n they don't understand supply n demand...n they don't understand one n only gloves business...then how to understand so many businesses...so many variables n geopolitical factors...n they don't understand what they really want...¯\_( ͡° ͜ʖ ͡°)_/¯

geary geary Added... Average...@3.33.
12/08/2020 10:39 AM

Rebound can be fast n furious...(・o・)
12/08/2020 10:40 AM

Fast n Furious... Rebounding...(゜o゜;

geary Added... Average...@3.33.
12/08/2020 10:39 AM

Rebound can be fast n furious...(・o・)

Added... Average...@3.33.

yttihs Coz TG no action...geary no shiok....no shiok no appear haha
11/08/2020 8:19 PM

Topglov...still snoring lah...Will wake...Up...very soon... Something kacau kacau...lah...ᕙ( • ‿ • )ᕗ