Retailers in this country really like to play goreng counter innit? Profitable companies dont want

Pls no limit up

Down

Down down careplus

No fuel already?

Hopefully no profit taking for a while. Let the price reach 5.++ first

@Mikecyc i have something to tell you my friend

https://www.cnn.com/2020/09/11/business/malaysia-top-glove-forced-labor-dst-intl-hnk/index.html

Believe in the fundamentals

Lol slowing down. As i said. Only one day show

How to profit hahaa not even breakeven yet huhu

Got no time to check the volume.

This kind of situation happened in mid august i think, strong rebound but then nothing happen. Only one day show. Hopefully this time it will start a new rally. Preferrable to be consistent rather than one day show limit up.

I’ll come again in mid-december :) bye everyone

Still holding tho. Paper lost more than 50%

Where is KYY or @calvintaneng now i need some reassurances from them :)

Didnt open this forum for two days and now its full of crap from this @Mikecyc. Who are you again?

https://klse.i3investor.com/blogs/freetospeak/2020-09-04-story-h1513289415-topGLOVE_SUPERmax_BULL_COMING.jsp

Guys this is a very detailed analysis done by freetospeak sifu in this forum. I think i should share it here so that everyone can read and make a wise decision.

yesterday warren buffet's birthday i would like to share one of his famous quote.

"Be greedy when others are fearful, be fearful when others are greedy."

Just hold or buy on weakness. Remember the worst decision you ever make is to sell when others are selling

Small counters no fundamental no profit no management also can go up kaw2 what do you think glove counters that for sure will gain higher and higher profit in coming quarters can't go higher?

Logic at its best.

i guess the only reliable account I can depend here is @calvintaneng

@thestockoracle u used to be defending this counter as much as you can before but wht is happening now haahhaha promote other counters to push up the price?

That’s why u need long-term mind set when jumping into stock market :) unless you are a professional trader

All counters are red. Hold tight. No need to panic sell or anything. Remember, the worst decision you will ever make is to sell when others are selling.

And stop adding ‘LOH’ at the end of every sentence you said

@babyshark are u on sixth floor?

Am i correct to say that another rally to the peak will be coming in two months from now

@thestockoracle askin for ur opinion, what should i do now..im on fifth floor hahaha but no more bullet to topup.

Dividend day today. Is it semi or quarterly basis?

www.klse.i3investor.com/blogs/kltrader/2020-08-26-story-h1512542540-Top_Glove_Demand_and_ASP_Continue_to_Rise.jsp

there wont be oversupply or decrease in ASP. read this and u will feel much better

klse.i3investor.com/blogs/kltrader/2020-08-26-story-h1512542540-Top_Glove_Demand_and_ASP_Continue_to_Rise.jsp

the whole article

read what i posted. its for TOPGLOV, but the info is for glove industry as a whole. anyone saying ASP decreasing and there will be oversupply soon can f right off.

felt much better after i read that

Macquarie Equities Research (MQ Research) summarised a presentation held by the Top Glove’s Executive Director in the ASEAN Conference. Strong glove demand is reaffirmed as enquiries for spot orders continue to rise with Top Glove’s observation of a shortage in the market currently. Top Glove shared its plan to increase the average selling price (ASP) and spot prices in September and October while sharing its view of that an oversupply may not be likely to happen in 2021 despite having a lot of new entrants into the sector. MQ Research maintains Top Glove’s target price at RM30.40. Read on for more.

Event
Top Glove’s Executive Director, Mr Lim Cheong Guan, presented on Day 2 of the ASEAN Conference.
Impact
Strong glove demand reaffirmed. Mgmt. indicated that enquiries for spot orders continue to rise. As such, the group allocates 30% of total capacity for spot orders (vs. last month’s guidance of 20-25%). In addition, normal order lead time is lengthening -- nitrile gloves 590 days, natural rubber 460 days, vinyl 150 days and surgical 125 days. Top Glove also observed the inventory levels at distributors or hospitals are as low as 2-3 weeks vs. normal 2-3 months, suggesting market is facing a shortage.
ASP rise higher than expected. The group now plans to increase the ASP for September and October order deliveries by 30% MoM and 15-20% MoM, respectively, which is higher than the initial guidance of 5% MoM. Spot prices also increased in tandem with normal prices, from US$80-130 per 1,000 pcs to US$100-150. Assuming projected ASP increases and strong demand hold, management is optimistic that the nitrile glove ASP is likely to reach US$100 by end-2020, which is the peak during the HIV epidemic in 1991.
Views on post-Covid-19 ASP. Mgmt. views the overall ASP will normalise post the pandemic; however, it is likely to be higher than pre-Covid-19 due to higher glove consumption. Historically, with higher glove demand, manufacturers have enjoyed better negotiating power with customers.
No oversupply concerns in 2021. In spite of having a lot of new entrants e.g. Karex, Blue Sail and Intco, into the sector, mgmt. does not foresee oversupply in 2021, given i) the construction of a factory takes at least 1-2 years to complete, ii) difficulty for small players to source nitrile raw material due to shortage, and, iii) new capacity addition can be absorbed by higher global demand growth. Global glove demand is expected to grow +20%/+25%/+15% for CY20-22E due to higher healthcare awareness.
Updates on CBP issue. The independent consultant appointed for the purpose has interviewed about 1,000 workers and intends to resolve the issue by end-Aug 2020. The estimated total remediation payment is RM53m, subject to finalisation with the CBP. Top Glove has started the first remediation payment of RM4.4m on 10 Aug. Mgmt. expects no earnings impact from the issue as these orders are diverted to other countries.

if got extra money then better to topup. careplus is not goreng counter like vaccine ones. We better look into longer term. Next 2 quarters will be extraordinary, otherwise they wont waste their money into buying more lands.

@Parrot Mine is the same as yours..paper loss red all the way in august but still holding coz i believe what the company is doing. Factory expansion + looking at other glove QR which has the same model as CAREPLS, really helps me to decide whether i should cut loss or not. so far, the only reason the price keeps dropping is bcs of sentiment and IB playing. Eventually it will match with the fundamental. Remember, you dont lose yet if you dont sell.

8) Bonus issue by topglov, supermax and rubberex in sept. Will draw more investors in glove sector.

More upsides:

6) Acquired land for more production lines. 8B gloves at the end of 2020.
7) Rubberex QR for 4B gloves ~ 23m . Calculate yourself how much CAREPLS will gain for 8B units.

Upsides:

1) Global covid cases still doesnt reach its peak
2) OPR reduced 25 points in sept
3) uncertainty in vaccine, can be effective can be not
4) directors bought shares at 5.20 and still holding. Same goes to directors from rubberex and topglov
5) WHO hoping this pandemic will only last for at most two years.

Downsides;

1) august is the month for penny stock. Most retailers like to gain quick profit
2) vaccine development - even this can be debatable. Glove is still in need to prevent infection. Vaccine doesnt get rid of virus in such a short time.

@Observes you talked so much but all that tin kosong. Even I as a newbie know how to calculate the justified share price of a company. If u wanna talk throw in some facts and fundamentals not pusing2 sana sini like orang gila

Every quarter**

Call me back when it reaches rm7-8 in november..now i cou from this platform first. Strongly believe in this company, profit up and uo every counter what to worry meh

@strattegist stop telling us wht colour the counter is

SHOWTIME!

SHOWTIME!

@TTD1990 im on fifth floor. Ur opinion?

Looks like TG share price is dropping in Sgapore exchange today @thetruthoracle

Can close 4.50 or not today? Last push come onnnn

Why supermax harta kossan all red

@thetruthoracle @BlackHawk looking at the chart, it wont rise as a perfect curve isit? must slow down a little like after round 1 correction in june

correct me if im wrong. just to make sure i wont make any dumb decision in the future