SMAX888 https://www.theedgemarkets.com/article/how-much-profits-do-glove-maker...

very confident to beat annual 87.92M profit to match the PE..real underdog..TP 6 is underestimating them...

Realistic TP is 7, even 6 cannot justify it
06/08/2020 12:06 PM

Using current PE...@8.88...◉‿◉

Do not be deceived: God cannot be mocked. A man reaps what he sows. The one who sows to please his sinful nature, from that nature will reap destruction; the one who sows to please the Spirit, from the Spirit will reap eternal life.

Human beings just don't understand...all great religions preach it...KARMA...But people think otherwise...human beings are ignorance by nature...¯\_( ͡° ͜ʖ ͡°)_/¯

MasterYoda unethical company,all LIM are cheaters!
06/08/2020 11:49 AM

U start to cheat others... that's why u are cheated by others...karma is 100% fair...u reap what u sow...¯\_༼ᴼل͜ᴼ༽_/¯

secretinvestor8888 i am secret investor 8888 and i have a prophecy: 28.88 by 18 august SUPERMAX... BE FOREWARNED
05/08/2020 7:42 PM

Then Topglov...@38.88...^_^

didioil132 yttihs, Top Glove is mix of OEM and OBM. Depends on the weightage ratio of OBM and OEM. You can check on the TG website, they have their own brand.
05/08/2020 7:26 PM

Never mind the brand lah...sales increase...@100%...net margin better than Harta...@25%... Fantastic margin n sales...profit Up...@400%... everyone...(人 •͈ᴗ•͈)

MasterYoda All glove stock will kaput soon once a reliable vaccine is out,you think you are making now but in the end you will be the biggest loser if you don’t run away while you can :)
05/08/2020 5:54 PM

Vaccines alone won't...maybe they need more gloves...unless...Covid19 is over n oversupply of gloves...ᕙ( • ‿ • )ᕗ

KUALA LUMPUR (Aug 5): Top Glove Corp Bhd executive chairman Tan Sri Dr Lim Wee Chai claimed today that old issues involving forced labour allegations against the company were due to an activist who intended to “sabotage” the group.

“He said bad things about the company and the industry," Lim said during a press conference in Parliament today.

An activist maybe was paid by competitors to sabotage the management team.

yttihs https://www.freemalaysiatoday.com/category/nation/2020/08/05/top-glove-to-refund-rm50-mil-in-recruitment-fees-to-its-foreign-workers/
05/08/2020 5:51 PM

Will Rocket...very soon...｡◕‿◕｡

https://www.klsescreener.com/v2/news/view/710525

Maybank...sap sap water...i think...DBS is Topglov target...n become the top market cap in SEA...^_^
04/08/2020 9:12 PM

Topglov above...RM60...market cap...beat DBS bank... that's...10 baggers... possibility is real...:^)

Miracle7 Ok geary hope ur wish come true 32 this week
04/08/2020 8:56 PM

Maybank...sap sap water...i think...DBS is Topglov target...n become the top market cap in SEA...^_^

Kendo Ken Hz TG can earn EPs of RM 1 this year, and next year rm2...
Which is 2.4bil n 5 bil....profit..
.u just give a PE between 30x to o 50x..
04/08/2020 8:35 PM

Margin of error...will be higher with above 1year assumption...we don't know what other unforseen circumstances can happen...ಠ ೧ ಠ

yttihs @geary i know lar. But shiok sendiri a bit mah. Shiok auntie uncle abit mah. Must do like corporate - advertisement a bit mah. Otherwise, how to increase sales, hahaha.
04/08/2020 8:15 PM

Good marketing...(. ❛ ᴗ ❛.)

Miracle7 Geng ..I re enter at 28.36..the next following 3 days still can go up till 32.00 ?haha
04/08/2020 8:08 PM

Demand or bidding get higher n higher u will get it...no question about it...looking promising these two months...｡◕‿◕｡

yttihs Actually I am still thinking. He used the whole

(whole quarter revenue X 1.1) - (whole quarter production cost)

This is the part I am confused. Can someone good at accounting or manufacturing explain a bit?
04/08/2020 7:49 PM

By the way my brother is a Certified Chartered Accountant...ACCA. He did said don't read so much or trust those numbers...there are manipulation of numbers...but we check everything are reasonable okay...we signed n not against corporate law...is okay. So think of the business products n how efficient they are...those demand n supply... important the demand for its shares...◉‿◉

yttihs @geary hahaha...just say yes or correct lar...you want this boat tenggelam issit...hahaha

joking :P
04/08/2020 7:31 PM

I suggest whatever happenings...just sell...@50%...when u gain...@100%. so the 50% u are holding are free shares...so whatever unforseen circumstances happenings u still feel relax n life go on happily...｡◕‿◕｡

yttihs @geary hahaha...just say yes or correct lar...you want this boat tenggelam issit...hahaha

joking :P
04/08/2020 7:31 PM

At present n till January it won't sink...so we cannot just use numbers... Covid19 nobody knows how it happened...So be prepared whatever... Don't hold until u don't know when to...Sell...(・o・)

yttihs @geary verify for me :P
04/08/2020 7:19 PM

Production cost must go up...I take conservative assumption...probably around...EPS...@0.50...unforseen circumstances applicable n other variables...forex exchange...interest rates. Too much numbers u might feel afraid...like a Chartered accountant. EQ...is still above 60%...Mr. Market will decide the price at the end of the day...◉‿◉

At 5pm, the FBM KLCI pared its losses to end 3.33 points higher or 0.21% to 1,575.94, tracking the stronger key Asian markets. The KLCI hit an intra-day low of 1,549.62.

Turnover on Bursa was 15.62 billion shares valued at RM10.45bil. There were 608 gainers, 514 losers and 376 counters unchanged.

On Monday, trading volume was 13.128 billion shares valued at RM8.24bil. The 30-stock KLCI saw RM20bil wiped out that day.

Playmaker Uncle sudah tua so silap kira, yang tolong check tu OTB belim tua pun boleh check silap LOL
04/08/2020 6:41 PM

FA n TA...only 40%...EQ is 60%...(・o・)

karimboss TP RM40
04/08/2020 6:26 PM

4th Quarter after...@48.88...＼(◎o◎)／

Steven Salzberg.
Harmful if Phase 3 trials not completed.

On the benefit side, my article assumed that we could quickly make millions of doses available before Phase 3 trials completed. I was wrong there too. We can and should ramp up production of vaccines before Phase 3 trials are over–and several manufacturers are doing just that, with government support. But these vaccines aren’t available in large quantities yet, and by the time they are, Phase 3 trials will be much further along.

One thing I’ve learned as a scientist is that if you get something wrong, you need to admit it, learn from the experience, and move on. I was wrong.

Disclaimer: the content on this site is my personal opinion and is independent of my affiliation with Johns Hopkins University.

Full coverage and live updates on the Coronavirus

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Steven Salzberg
I'm the Bloomberg Distinguished Professor of Biomedical Engineering, Computer Science, and Biostatistics at Johns Hopkins University. From 2005-2011 I was the Horvitz…Read More

Miracle7 Hopefully up up up ..tmr open rm29

@30.28...(･o･;)

Miracle7 Sold at 27.50 and re enter at 28.36 feel like want stab myself
04/08/2020 5:24 PM

ಠωಠ

yttihs @investmalysia Mercedes cheap car lar. Got money buy Aston Martin. Hand made limited edition.
04/08/2020 5:09 PM

¯\_( ͡° ͜ʖ ͡°)_/¯

wiser_dude And before bonus, will go to 50
04/08/2020 4:56 PM

┌(・。・)┘♪

investmalysia Everyday price also nice. 2688. Today 2826

@2838...easy huat...heart just...(☉｡☉)!

ronnanua time 4,45pm-4.50pm waiting for some magic show haha
04/08/2020 4:41 PM

Everyday limit up...13%...is good enough...( ՞ਊ ՞）→

HNWInvestor thank you TG. I sell off now, lock down profit. see doctor check my heart first, after the roller coaster ride
04/08/2020 4:33 PM

⊙﹏⊙

miss_secret 24k become 30k?? walao.. i get 6k soon

The Dragon is flying...◉‿◉

victory015 careplus is out of power to move up.
04/08/2020 4:05 PM

w(°ｏ°)w

mtr27 LET'S THE BULL RUN WILD.....YEEEHHAAAAAAAA!!!!!!
04/08/2020 3:37 PM

The Dragon awaken...its pearl is missing...ᕙ( • ‿ • )ᕗ

blahbleh crazy volumes crazy buy crazy sell crazy ride...this is not from retailers mainly..
04/08/2020 3:12 PM

Bursa counters aren't for those weak hearts...(・o・)

sunra88 huh care plus 5.6? what is the world going to?
04/08/2020 9:58 AM

Smaller gloves counters all limit up...100x PE... Topglov...150x PE...not a problem...:-)

Lfw100 so fast my TP RM6 want reach already??!?!? wuhooooooo!!!!!!!! current 5.60 make my paper gain almost 380% already!!! Revised my TP to RM10 now!!!!!
04/08/2020 9:38 AM

Will reach above 100x PE...very soon...◉‿◉

Hui1995 Hi all, I have a question here. Does topglove shareholder in SGX eligible to get bonuss issue as well?
03/08/2020 9:50 PM

Why did u bought Topglov dual listing in SGX...answer is... Yup...◉‿◉

KUALA LUMPUR (Aug 3): Glove stocks continued their ascent to new peaks today with Careplus Group Bhd outperforming its peers and chalking up 27.95% at the noon break. Its trading volume swelled to 91.76 million, which was more than the combined volume of its other six counterparts.

Careplus was the second top gainer on the local bourse this morning, spiking as much as RM1.04 or 28.49% to RM4.69 before paring gains to RM4.67.
Suspension on RM4.74.

GENEVA: The World Health Organization (WHO) warned on Monday (Aug 3) that, despite strong hopes for a vaccine, there might never be a "silver bullet" for COVID-19.

More than 18.14 million people around the world are reported to have been infected with the disease and 688,080​ have died, according to a Reuters tally.

WHO director-general Tedros Adhanom Ghebreyesus and WHO emergencies head Mike Ryan exhorted all nations to rigorously enforce health measures such as mask-wearing, social distancing, hand-washing and testing.

"The message to people and governments is clear: 'Do it all'," Tedros told a virtual news briefing from the UN body's headquarters in Geneva. He said face masks should become a symbol of solidarity round the world.

"A number of vaccines are now in Phase 3 clinical trials and we all hope to have a number of effective vaccines that can help prevent people from infection. However, there’s no silver bullet at the moment - and there might never be."

READ: US says unlikely to use China, Russia COVID-19 vaccine as race heats up
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READ: Commentary: Booster shots will likely be needed even if a COVID-19 vaccine is ready
Ryan said countries with high transmission rates, including Brazil and India, needed to brace for a big battle. "The way out is long and requires a sustained commitment," he added.

The WHO officials said an advance investigative team in China, where the virus originated, was not yet back.

A larger, WHO-led team of Chinese and international experts is planned next to study the origins of the virus in the city of Wuhan, although the timing and composition of that is not yet clear.

Tedros also urged mothers to continue breastfeeding even if they had COVID-19, as the benefits "substantially" outweighed the risks of infection.

WILL Top Glove Corp Bhd, whose share price has risen 440% year to date, see its market capitalisation (cap) surpass that of Southeast Asia’s largest bank — DBS Group Ltd?
Well, some glove bulls think that is a possible scenario.

Of the most optimistic glove bulls, Affin Hwang Capital Research analyst Ng Chi Hoong pondered, in a note earlier last week, the possibility of Top Glove’s share price breaching RM100 should investors ascribe a higher valuation on the world’s largest glove maker.

Pegging a price-to-earnings ratio (PER) of 52 times, which Ng noted is similar to Hartalega Holdings Bhd’s valuation, he said, “Our bull-case scenario indicates that Top Glove’s fair value could be as high as RM110.20, if selling prices do increase by 10% (month-on-month) each month in FY2021E.”

Interestingly, if Top Glove were to trade to RM110 apiece, this would mean its market cap could reach a whopping RM295 billion, surpassing that of even DBS Group, which had a market cap of S$52.4 billion (RM161 billion) as at last Friday.

So far, no Malaysian-listed company has managed to breach the RM150 billion mark.

In a research note published last Tuesday, Ng raised his target price for Top Glove from RM22.40 to RM46.40, hinging on a PER of 30 times ascribed on his forecast earnings.

Notably, if Top Glove shares reach RM46.40 apiece, this would mean that its market cap will reach RM125 billion, surpassing that of Malaysia’s largest listed company Malayan Banking Bhd (Maybank) by a comfortable 40% margin.

Ng’s optimism is premised on a high possibility that Top Glove’s average selling price (ASP) could be higher than his base case of 5% m-o-m increment, given the strong surge in demand for gloves.

“If selling prices were to increase by 8% to 10% m-o-m each month in FY2021E, our earnings forecasts would be lifted between 24% and 42%,” he said, adding that Top Glove could see direct earnings improvement, owing to operating leverage, as cost does not increase in tandem with an increase in ASP.

In terms of the potential effect from the US Customs and Border Protection’s detention order on disposable gloves produced by two of Top Glove’s subsidiaries, Ng thinks the impact on the group’s earnings is manageable at 5% to 6%.

He also believes that, should there be any unfavourable circumstances, Top Glove could reroute its orders for the US to other countries at spot prices, which could give the glove maker better margins, as spot prices are generally higher by about 5%.

Quantum leap in market cap rankings

At last Friday’s market close, Top Glove was valued at RM68.62 billion, making it the third-largest listed company in the country, behind Public Bank Bhd’s RM68.79 billion.

Just the previous day, Top Glove had edged out Public Bank by a margin of nearly RM1 billion.

So far this year, Top Glove’s ranking by market cap has jumped 31 places, from 34th to third-largest in Malaysia.

A similar scenario has unfolded in Singapore, where Top Glove is also listed. Top Glove Singapore is now the 10th-largest company on the Singapore Exchange, with a market cap of S$22.66 billion. So far this year, it has skipped past 41 companies, from 51st position at the start of 2020.

Notably, Top Glove is also among the stocks listed on the Dow Jones Sustainability Emerging Markets Index (DJSI) in September 2019 in recognition of its sustainability practices.

Top Glove is ranked 15th out of 44 healthcare companies, placing it among the top 33% performers across all DJSI indices.

pineapple123 started selling at 4.74, i think careplus need to rest liao
03/08/2020 5:10 PM

Suspension n let her...Rest...too tired...need some gasoline or oxygen...:-)

katappa I just realized TS Lim sibek suka number 8

BI EGM also falls on 18/8
03/08/2020 5:06 PM

Number...8...is a business or money number...it has two zero...bottom n top...so either u are zero pokai...bottom...or multimillionaire...zero on top...:-)

investmalysia Nice number. 2688
03/08/2020 4:51 PM

Next is 6288...But after the bonus issue...X...3...:-)

HNWInvestor geary: both comfort and rubberex now at RM6 each....damn high and dangerous......
03/08/2020 2:45 PM

I don't know...gone crazy already...but looking into all...7 pure gloves counters...average...PE multiple...@100x...per year earnings growth is reasonable...◉‿◉

KUALA LUMPUR (Aug 3): Glove counters, including the smaller players, dominated the list of gainers with seven of them rallying to new all-time highs today, against the negative sentiment seen in the broader market, as several countries extended their restrictions due to surging Covid-19 cases.

The FBM KLCI was in negative territory throughout the norning session today, and closed 0.94% or 15.09 points lower at 1,588.66 at the noon market break.

The benchmark index was traded between 1,587.68 and 1,599.34 today against its closing at 1,603.75 last Thursday. The market breadth was negative as the number of declining stocks outnumbered advancers by 445 to 305.

The smaller glove counters, namely Careplus Group Bhd, Comfort Gloves Bhd, and Rubberex Corp (M) Bhd, also finished at their all-time highs at the noon break.

Careplus was the second top gainer on the local bourse this morning, spiking as much as RM1.04 or 28.49% to RM4.69 before paring gains to RM4.67. The stock saw some 91.76 million shares traded.

Rubberex jumped as much as 89 sen or 17.02% to RM6.12. It also pared gains to RM6.09 at the noon break, placing it as the fifth top gainer on Bursa Malaysia. Some 16.47 million shares were transacted.

Meanwhile, Comfort Gloves also gained as much as 16.01% or 86 sen to RM6.23, before paring gains to RM6.22. Some 29.33 million shares were traded.

Among the glove-making behemoths, Top Glove Corp Bhd rose as much as 3.79% or 98 sen to RM26.86 before paring gains to RM25.88, bringing it a market capitalisation of RM72.07 billion. It was the sixth top gainer on Bursa this morning. The counter also saw some 9.68 million shares exchange hands.

Hartalega Holdings Bhd rose as much as 88 sen or 4.34% to RM21.16 before paring gains to RM20.88, placing it as the 10th top gainer on Bursa and valuing it at RM71.57 billion, after some 8.17 million shares were traded.

Supermax Corp Bhd rose as much as RM1 or 5.41% to RM19.50 earlier today before paring gains to RM19.34 at the noon break, valuing it at RM24.95 billion. The counter saw about 11.71 million shares exchange hands. It was the fourth top gainer on Bursa.

Meanwhile, Kossan Rubber Industries Bhd climbed as much as 66 sen or 3.75% to RM18.26 earlier before paring gains and closing 50 sen or 2.84% higher at RM18.10, bringing it a market capitalisation of RM23.1 billion. The counter saw about 3.62 million shares done.

yttihs @geary Now Tan Sri beginning to pay the RM30 million to the banglas. Once settle, sure fly one.
03/08/2020 2:42 PM

:-)◉‿◉｡◕‿◕｡

mlike Don’t talk too early, end out no house no car... only big loan!
03/08/2020 2:40 PM

ಠ_ಠಠ_ʖಠಠ︵ಠ

yttihs Wah lao...they push Comfort to 6.XX and Careplus to 4.XX.
Like that TG is 40.XX liao, haha.
03/08/2020 2:30 PM

｡◕‿◕｡...Big Bro... sleeping...ಠ ೧ ಠ

PE of 30x works out to RM 6.45
03/08/2020 1:51 PM

I don't see sny...30x...PE...gloves counter...even half glove...HLT...above...100x...◉‿◉

slient demand is there
03/08/2020 1:22 PM

Yup supply n demand...supply of gloves less n demand increasing...same like demand for its shares...the crowd keep bidding higher n higher...all rushing to...Buy...n shares outstanding is low...(・o・)

youngblood29us careplus is a joke..balance sheet like shit but more expensive that genting..lol
03/08/2020 1:15 PM

So how are U gonna anticipate or forecast the next few quarters of earnings growth...then the balance sheet isn't shit...(・o・)