http://klse.i3investor.com/servlets/ptres/35108.jsp TA latest TP analysis for Top Glove!

Based on the Q1 2016 result announcement trend, there could be a similar Q2 2016 result announcement trend. Q2 in my view would still be a good result and I can see an uptrend here until and after the Q2 result announcement. Just looking at the Q1 Chart trend before the 1 to 1 bonus issue.... 7 Dec closing price RM11/share, 15 Dec RM11.86/share (Q1 results announcement date) and peaking to RM13.84 per share on 22 Dec.

The Company will be releasing its second quarter financial results for the period ended 29 February 2016 on Wednesday, 16 March 2016.

Please review the latest Price Target Analysis from TA which gives a good insight into TG's performance and forecast in particular its growth and their significant expansion in production. TA target price of RM6 is based on PER of 18 which is the low in my view and TG has one of the lowest PER when compared to its peer.

Be informed rather than shout sell when trending down and shout sell again when trending up!

Whah Samer...you did a good killing! Well done!

Got mine at 5.06 and will hold and look see till the next quarter results announcement which should be soon. If it increased sufficiently will sell on strength but if it is flattish or lower will keep for the longer term investment. Can't go wrong with a recession proof business and the top glove company which have shown sterling growth over the years. A very well managed company! The company share price has been increasing in tandem with its growth and earning.

Wait for Q2 2016 results announcement. It should be another sterling quarter and should propel the price higher. The Sharks which have instilled fear have chewed off the panickers! Those that have entered below 5 should be in a good space to reap the reward.

http://www.thestar.com.my/business/business-news/2016/02/12/time-to-pick-up-shares-of-rubber-glove-makers/

Vicky I trusted your judgement now waiting to reap the reward. I was thinking to wait for a week or two and the Q2 results but seems the goreng down has stopped and the Sharks could be picking again. They have used the RM/US as a trigger but how can exchange appreciatice 5-7% and price drop 30%. When Q2 announced there will be an upswing. I think we need to stop looking the price by days and minutes and be brave to hold on to good shares. World class
No 1 glove company in the world with 25% market share and true blue Malaysian company. This is like the "Apple" brand of Gloves! Jangan takut, mesti steady!

I am done with my accumulation and my current paper losses. Will come back to check this counter again in say one or two weeks' time. With the Q2 2016 results to be announced very soon, I am confident it would well surpass the Q2 2015 results in profit and income and the shares should rally again. Hopefully can get some pocket money then. Happy trading and analyzing guys!

Agree with Kong CL. Small timers like us can only nibble and wait for the Sharks to finish their game plan. Whatever it is Top Glove is a good growth company and thei shares will do well in the long haul.

Samer....you Ada guaranteekah?

Continue to accumulate but running slightly out of bullet so if it continues to fall will hold for a longer haul as it is a good growth company. Sharks will soon goreng this up again.

Yes fully agreed! Everyone is entitled to their opinion. Just need to do your own assessment and analysis and trade based on your own risk profile. Judging from some comments here there are a mixed bag of short term traders, contra players and long term investors which have differing priorities and different game plan and different holding power.

Analysis please i4investor!

Supposed a lot of contra players so maybe some forced selling and some panic selling! Losses for some means opportunities for others. To borrow Mr Warren Buffett's quote...be fearful when others are greed and be greedy when others are fearful!

Fair to be prudent investing earnings growth purely due to forex gains. But TopGlove has pricing power as well as increased capacity and volume to sustain their profit and growth.

Seems all the export based counters have the most fall presumably due to the appreciating ringgit . RM was at around 4.13 to USD on Fri and now around 4.09 to USD on Monday. It shows about 1% depreciation of USD vs RM but the share price for TopGl from Mon close till now has drop by 39 sen per share which equates to 0.39/5.38x100=7.25%. Don't understand the logic or the panic!

Agree with Vicky. Have faith. Don't let the Sharks take your heard earned money. Growth counter with good growth and strong cash flow and low debt., A good fundamentally strong company. Recent good profit and sales are based on good demand and strong production growth and not solely on USD strength. Counter is oversold in my view and should be going back up again. This is a leading Malaysian manufacturer and is the wolrd's leading producer of gloves! How wrong can one go?

I am busy buying to keep. Shares seems oversold relative to the RM appreciation against USD. It has to be noted this is the largest gloves manufacturer in the world with a market share of 25%. The global glove market is also growing at about 6% yearly. The recent growth in profit is not solely on the USD appreciation but some growth in their demand and production. Since it listing in 2001 it has demonstrated steady growth with a compound annual growth rate (CAGR) of 25% for revenue and 29% for profit after tax over the past 15 years. Stocks to buy and keep as it is oversold in my view.

A good share to accumulate for the long haul as there are one of the most regionalised Malaysian banks which have good foot prints in SEA. They were impacted by the Indonesian commodity business which I believe they have managed to get it in checked. My feel is it is still trading below book value and they have seen better times and will continue to improve henceforth.

About time the share starts to move with some better news! Been hampered by all the negative news.

CIMB Group announces RM3,914 million Profit Before Tax for FY15, after restructuring costs
9.8% Y-o-Y growth in FY15 operating income coupled with well-contained operating expenses brought about a pre-provision operating profit growth of 19.3% Y-o-Y
Cost to income ratio improved by 350bps to 55.6% for FY15 from the structural cost management initiatives and strict cost discipline
Provisions remained elevated from Indonesia and Thailand, impacting the FY15 net profit
4Q15 net profit improved 237% Y-o-Y from higher operating income and lower provisions
FY15 annualised ROE stood at 8.6% excluding restructuring costs
Excluding FX fluctuations, FY15 loan growth was 6.6% Y-o-Y, with deposits increasing 6.9%
Significantly strengthened capital position with CET1 at 10.3% as of end December 2015
Second interim dividend of 11.0 sen, bringing FY15 dividend payout to 41.9%

So what is tiggering the move? Who has been buying? Seems to be on the uptrend as it has move quite rapidly upward over the last few days

Well said Jonathan! I think with the asset sales from 1MDB and the payments in RM plus some liquidation of funds and assets from Tabung Haji from overseas to pay for their dividend and the strengthening oil price, these are helping the RM to appreciate. Long run is we still need a steady appreciating oil and lpg to help sustain the market and the RM.

Morale of the story is ...political stability is of utmost importance for investors especially foreign investors. As long as there is money to be made no one seems to care whether the corrupt or a dictator is ruling a country. With the currency stabilizing and oil seem to have seen the bottom and Ah Jib having consolidated his reign, the market should be on the upswing due to the apparent political stability for now.

On the upswing. Huat ah! Still below book value. Those that bought around RM4 must be laughing now.

Don't worry about short term noises and the punters. Hold for long. One of the most well established banks in South East Asia and now trading below book value.

James Bond ...see historical financial which indicates DY...http://klse.i3investor.com/servlets/stk/fin/1155.jsp

Annquuengueen..a million dollar question! No one can predict the lowest. My view is anything below 8.30 is worth picking due too strong dividend and ROI as mentioned above.

Ivan if you buying for long haul and not hear the short term noise you are all right brother. Based on historical track record and at current pricing, you are projected to have over 6.5% dividend and ROI close to 9%. I am picking more shares as it is averaging down.

Power Sector - Two bids for Edra OVERWEIGHT

Author: kiasutrader | Publish date: Thu, 5 Nov 2015, 10:27 AM

- The Edge Financial Daily today reported that Tenaga Nasional Bhd (TNB) has put in the lowest bid – at slightly above RM8bil – for Edra Global Energy Bhd’s equity portion.

- This is about 20% lower than the competing bid of ~RM10bil from a foreign consortium. The other bid was jointly submitted by a consortium comprising China General Nuclear Power Corp Ltd and Qatar’s Nebras Power QSC. According to the report, which quoted sources, the two parties had initially come in as separate bids.

- With an estimated net debt of RM8.5bil, the bids would place an enterprise value of RM16.5bil-RM18.5bil for Edra.

- If based on pricing, the report noted that the consortium may have an advantage over TNB to win the tender to buy Edra.

- Note that StarBizWeek said over the weekend that a foreign bidder may win the bid with 1MDB remaining as a sizeable minority to ride on the future upside of Edra.

- Based on our back-of-the-envelope calculations, TNB’s net gearing for FY16F would increase to 0.7x from 0.4x if it were to acquire Edra at RM16.5bil. The final binding bid for Edra is due tomorrow with results expected by year-end.

- In our opinion, we think that the sale of Edra to a foreign party may be positive for TNB as it would not strain TNB’s balance sheet. As at end-Aug, TNB’s net gearing stood at 0.5x.

so it seems share is up cos the worry of TNB putting in an over-priced bid did not materialise

Good share to pick at current price close to book value. Ben buying and averaging it out when price is dropping. Seems to be picking up today.

Price seems to be moving over the last week

Was wondering why the share price dropped today so this lapse of the PPP agreement must be a factor. Glad I checked this forum.

where can I get information on Earning Per Share Growth Rate?

Maybe TF will get Richard Branson to support. They are good mates!

WTF is happening to AirAsia why such free fall?