means Top Glove shares only worth RM0.24 each
long way to drop.


Havefun

Based on last quarter EPS of 1.09c, annual EPS about 4.36c, PE now is about 28 that is provided it profitablity stays as it is not affected by other factors like prosperity tax

1 hour ago

new MD
dunno wat he will do
whether red or not ... no one knows

say if new MD wanna restructure to 15,000 workers,
the required processing time to identify and execute for a company the size of TG is normally 2 weeks to 1 month time.
so TG could be fairly profitable from August 2022 onwards


only thing is,
if nothing is done
and new MD just pocket salary, smile, smile, wink, wink.
then of course all QRs could be red due to deteriorating ASP
and existing down trend of orders.

(ASP and orders size could change depending on covid variants)

The 15,000 workers data is all public knowledge
except that such public data means nothing to you due to your own level of inexperience.
I expect many other people hold the same opinion as me too.

Even if you are on the inside and can see everything,
you will see nothing if you dun know anything at all,
just empty space between your ears.

I have seen it happen many many times to many many different companies
most management dun have the necessary experience and background to deal with such strange situations.

=> For companies like Top Glove if no action is taken,
just small blink one eye, you lost RM20 million.

=> procrastination and hope ... ... large blink one eye
and results in RM240 million just gone

=> 4 more large blinks and RM1 Billion is gone.

thats how companies goes bankrupt.

in fact,
Top Glove is already too late in taking action,
many many small blinks had passed by (you did not notice only)
and
nothing had been done except for removing water meter.
(small savings only still bankruptcy)

:)

the only certain thing is that nothing is certain.
monkey pox coming through of course nobody wishes it, its regretable.

management of company its all 100% EGO
best solution is to downsize which I doubt will happen due to 100% EGO

chop chop chop
downsize
Guaranteed Top Glove will survive

but its all 100% EGO
most management prefer to bankrupt the company rather than downsize.
This makes sense to EGO talking.

Top Glove requires something like only 15,000 workers rather than 22,000
management will prefer to hug those 22,000 workers to bankruptcy.

sell on news mah

thats why price down loh

post covid, Top Glove ended up the weakest of all the Gloves

on a Case Study basis
Top Glove fatal mistake include but not limited to: -
Share Buyback
Large Dividends
Loan Repayment to get CBP ban lifted
Expansion of Living Quarters for workers due to media pressure
Line modernization/expansion of much more than RM1.3 Billion last 2 QRs
Continued over-reliance on labor cf other Gloves


if you are a Glove Lover,
Supermax despite its small size looks like the strongest,
Harta should survive too.

Yes

Gloves are not comparable
Harta has got circa 8,550 to 9,000 employees max
cf
Top Glove has got 22,000 employees

sinojab

hello i3 lucker
just checking with u
yr 1st DC mean RevenueDn + asp down?
yr 2nd DC refers OHexpenses up + cost of goods up?

41.5 looks like breaking

Thanks rr88

Posted by rr88 > 5 hours ago | Report Abuse

Told u dy. 4 to 8 back to 4 and swallowed 50% of yr money in the process. Later will go to zero n you underwear also gone.

Quickly tutup kedai n get it over with. Pnb can write this off. Small % investment only for them.

one thing is certain
never be an arse_hole feller looking backwards at own arse, sure die one.

shares are forward looking
once government announce minimum wage, we can amend the excel spreadsheets ie profit forecasts.

in Top Glove case, the excel spreadsheets say its a loss forecast in the future.
applying future events to the arse always gets it wrong

untrue is also true
true is also untrue

really kindergarden feller
when did the minimum wage start?

you will never cease to be amazed by the stupieeedity of men.

when Sales units and value drops together its a double compression

when expense units and value increases together its a double compression

the combined effects are called a Quadruple Compression.

The odds of survival for Companies experiencing a Quadruple Compression case are very low.
=> very few companies survive,
thats why Bankruptcy Snake is here to oversee the bankruptcy of Top Glove.

when you see Bankruptcy Snake, there is no hope left.

by left, when grown ups start playing with water meters, you should be worried.

by right, only babies play with water.

sure Loss case for post covid results

additional RM300 million of expense items

thats way before ... ... ...
before ASP drop
before units drop

even additional depreciation is more than RM60 million per year

by right there should be impairment of assets
by left its ?????

like I said "Copy Phrase" is the new cocaine

in Serba forum conmen kept on saying Karim is buying

Snake has a way better track record than Lady Ramunia in Serba and look what happened to Serba... ...

hmmm
I expect US authorities might take action and make arrests for sanctions evasions and oil remains $120

or

they might not and oil drops sharply to $60.00

or anywhere in between $60 to $120

its difficult
coz those oil Supertankers landing in New York and New Jersey originate from India who bought up all of Russian production for resale to US markets.

Malaysian gloves factories have a huge cost deficit compared with China factories.
As such Malaysian Gloves are no longer cost competitive compared to any other country in the world.

These RM220 million are new additional HR costs on top of existing salaries cost.

ie existing HR costs + RM220 million per year

Isaac Genting says no worries, all Genting casinos will lose money later

and thats why the Snake is here to make sure Top Gloves goes bankrupt.

everywhere the Snake goes, those companies really goes bankrupt.

Malaysian gloves factories have a huge cost deficit compared with China factories.
As such Malaysian Gloves are no longer cost competitive compared to any other country in the world.
The killer are those new 4 inch mattresses and new housing requirements.

for example the RM160 million to RM200 million additional HR costs does not take into account any 4 inch mattreses, PPE and new housing requirments.

its time for you to calculate yourself those additional odds and ends of around RM20 million per year.

Malaysian gloves factories have a huge cost deficit compared with China factories.
As such Malaysian Gloves are no longer cost competitive compared to any other country in the world.
The killer are those slave loan payments.
We ass_u_me that these are amortized over 10 years being the maximum allowable period by Malaysian Immigration.

for example the RM80 million additional HR costs does not take into account any loan amortization at all.
Loan amortizations could range from another additional HR costs of between RM40 million to RM80 million per year depending on how much those workers had paid off their initial slave RM40,000.00 loan payment to come to Malaysia

oil price is diving down off peak

Russian oil in supertanker now arriving in Continental US specifically New York and New Jersey driving down oil prices very deeply back to normal.

at this rate of Russian supertankers arriving .. USD50.00 is not surprising

another piece to be sold off soon, price jump up you better escape loh

another piece to be sold off soon, price jump up you better escape loh

Rinse and Repeat

another piece to be sold off soon, price dive down you better drive to Penang Bridge loh coz no more pieces left to be sold off

who wants to take over loss making contracts? may lose RM20 Billion woh

pretty soon everything will be sold off then allowed to go bankrupt loh

4.5 sen will be 99% loss position very soon, new price => RM0.005 no buyers

many ways to give Free Money to Sapura, besides cut off armed forces veterans benefits
can cut all monthly allowances to Single Mums, OKU including but not limited to blind folks.

orphans, old folks .. all just kick them out to sleep on streets ok jer

can save a lot of Free Money for Sapura.

so just buy with Confidence then drive to Penang Bridge

Post removed.Why?

additional HR costs easily results in additional RM80 million per year.

that is just a one liner.

every expense item is increased
the imbalance cost pass-through will finally result in a 50% increase in electricity charges, its inevitable otherwise Tenaga will go bust since coal prices increased more than 50% and efficiency is only 36 to 42% for coal PP.

the BAU is so smelly

many conmen confidence tricksters learned a lot from Serba fraud case.
"Copy phrase" is the new cocaine

thats so interesting !!
its the unsinkable Titanic !!
the unsinkable Bismark !!
Fly To The Moon Hindenburg !!
will never drop below RM1.50 !!
the sun never sets on the British Empire !!
the undefeatable Wehrmacht !!
hmmm !!!

kakakakakakakakakakakakakakakakakakakakakakakakakakakakakakakakakakakakakakakakakakakakakakakakakakakakkakakakakakakakakakakakakakakakakakakakakakakakakakakakakakak

Post removed.Why?

Post removed.Why?

if like that sure Sapura die lah
its Other People Money mah
Dun be stingy with fake printed money loh
so be more generous lah

if wanna save jobs, Petronas can just hire all Sapura staff, leaving Sapura to die lah
if wanna save money, Petronas can just buy Sapura punya free gas field at auction price mah, leaving Sapura to die lah

why so stingy lah, its not you punya money mah, Malaysia bankrupt is good loh.
If Malaysia bankrupt can buy Agung Palace mah.

Be generous lah, its all fake money, just give Sapura RM25 Billion all kowtim loh.

This way Sapura punya all loss making contracts will also subsidise Middle East Countries mah

nothing wrong to give Free Money to Sapura, no worries, just print more money ok lah.

Yup the Snake always appear at bankrupt counters like Sapura and Sumatec and many others bankrupt counters.

once Snake appears in Top Glove, con_firmed Top Glove is bankrupt
and loss making
and Penang Bridge visit counter.
My forecast of Top Glove bankrupt is very very easy, The Snake is here.

when Snake first appeared in Sumatec, Sumatec was making profits, now bankrupt.
when Snake first appeared in Sapura, Sapura was making profits, now bankrupt.

:)
the Snake just confirmed it

The Snake confirmed Top Glove share price will never go below 1.50
The Snake confirmed Top Glove share price will never go below 1.40
The Snake confirmed Top Glove share price will never go below 1.30
The Snake confirmed Top Glove share price will never go below 1.20

The Snake now confirms that Top Glove losses will not be more than losses of all other glove companies combined.

its confirmed
:)

Post removed.Why?

Post removed.Why?

Top Glove losses could be bigger than all the other gloves companies combined in certain QRs

Genetec looks like on the verge of collapse just like XinqGuan

Post removed.Why?

looks like very close to collapse soon just like XinqGuan

Post removed.Why?

AGREE
consolidation 100 to 1 will mean your 6 sen per share today become 0.06 per share after moving 2 decimal places

BobAxelrod

Still playing musical chairs? Why so many still think they would come out the other side unscathed and making profits? Sap would still be the same? Then the world must be upside down and Debts are nothing but blank papers.

12 minutes ago

the next drop will bring it to RM1.00 per share

no one is talking about any turnaround at all.


The Rakyat is supposed to subsidise Sapura losses for the next few million years.

goldenluck16

High interest rate will kill this heavily indebted company. No chance of turnaround at all.

7 minutes ago

Post removed.Why?

when you see Bank freeze project loans it means => Contract is loss making, and the loss is so large that Bank Engineers also company cannot kowtim

we also know that costs increased from 30% to 50% due to inflation due to oil costs and shortages bidding to ultra high pricing.

but the Rakyat is stupiiiieeed right?
Lets kowtim the stupiiiieeeed Rakyat instead of the smart Bank Engineer...