Its managing director Kuan Kam Hon said a right pricing is needed to increase the company’s market share. This would lead to compression in profit margins, but Hartalega’s earnings per share would grow, he added.

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https://www.theedgemarkets.com/article/hartalega-prepares-reduce-profit-margin-market-share

AstraZeneca Plc and four European Union countries said they reached an agreement to distribute a coronavirus vaccine.
The Netherlands, Germany, France and Italy concluded a contract with the U.K. drugmaker to provide 300 million to 400 million doses of a possible vaccine in stages starting from the end of 2020, the Dutch government said in a statement on Saturday.
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https://www.bloomberg.com/news/articles/2020-06-13/astrazeneca-reaches-vaccine-supply-deal-with-four-eu-nations

@Mk Jr

I believe is the near term(2020-2023) prospect for highway biz and property development is gloomy.

Initially, I also thought that the COvid-19 is here for a couple of months and would probably be gone by June/July.

Looking at the Covid-19 numbers, its likely to be here for next 12-24 months.

This will likely impact people's interest to spend time driving out for drinks on weekends, outings, less schooling for children,etc

Take a drive on weekends to Mont Kiara, Imbi, hot zones as examples, you don't see the usual crowd anymore.

Many people are losing jobs, pay cuts, MSS, etc,,,less people buying or investing in new property development except for upgraders.

So I guess this sums up the key points of the bosses letting go some of their share holdings.

But I believe after 2023, it should begin to gain traction again but may also head roadblock on GE in 2023.
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Posted by Mk Jr > Jun 13, 2020 12:07 PM | Report Abuse

why all of them selling at 1,992,300 share.

What message they want to convey here?

For those who had bought it earlier, would probably want to hold on to it.

For those interested to buy now, I would suggest wait for July for the short sell upliftment, there would be a better bargain when the short sellers are back.

@ GooShen

Some of us have been buying Penta since 2015 and our cost are below RM1 on average. I don't think if DowJones drop 10k, will bring Penta below RM1.
Though it drop more than 10k in Dowjones in March, Penta still above RM2 if I recalled.

It's a growth story for us, so go away.

Many good news from the company which is good to share the company's plans and direction.

Hopeful to see the news is materialised in form of increasing revenue and profitability.

Let's give them a timeline of next 12-mths to deliver their plans.

I've been in fintech biz for last 10 years myself and gestation period for their digital bank, cloud computing, e-kyc, AI thermal initiatives should bear fruit within 1 year.

Else meaning is word without action is purely to manipulate share price and nothing more.

@Seeyounoup

How can you compare the share price on its own?
It's not meaningful.

You should look at the market capitalisation which TG is trading at above USD10 billion currently.

By the way, retailers price listed on Amazon may have gone through many middle intermediaries. which cause the price of gloves sold much higher than the ones sold by TG to the wholeseller.

I guess you are new to the stock market and probably not a biz person.
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Posted by Seeyounoup > Jun 12, 2020 5:05 PM | Report Abuse

Sold below RM 16 ? not even 4 USD for the world biggest glove manufacturer. go Amazon search how much per pack their glove is . OMG. What you guys want ? RM 1 stock price ah ? dont laugh by people ok bo . LOL . have a great weekend. ADIOS.

I believe the price is quite high at this moment despite the TP set by IBs of between RM17 to RM25.

It's probably achievable in the next couple of months and not in a week time.

May not be wise to buy now for those interested, might want to wait for month of July where the short sell restriction is lifted and may have some chances to buy lower when the short sellers are back.

At an annual general meeting held Tuesday, TSMC Chairman Mark Liu (劉德音) said the company has left its forecast for 2020 sales growth unchanged at 14-19 percent higher than a year earlier and expects to continue to benefit from solid demand for 5G applications and high performance computing (HPC) devices.

https://focustaiwan.tw/business/202006100017

According to the press release on Bursa, Topglove has surpass Harta as the world largest nitrile glove maker.

Great achievement. Salute.

@Holiao369

Good to know.
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Posted by Holiao369 > Jun 10, 2020 5:41 PM | Report Abuse

I received called fromy friend work in top glove factory, this quarter profit is 150mil, the boss will give them bonus 1 month for battle covid 19.

@goreng_kaki

Can share the article?
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Posted by goreng_kaki > Jun 10, 2020 12:00 PM | Report Abuse

PBB give TP RM35, 100% upside

Any idea when Revenue will also have the similar security features like GHL MasterCard Tokenization for merchants

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https://www.theedgemarkets.com/article/ghl-rolls-out-mastercard-tokenization-merchants

@20202023

Where do you get the ASP USD100?

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Posted by 20202023 > Jun 9, 2020 6:10 PM | Report Abuse

We all know ASP pre-covid 19 was USD20. Even if the average ASP in Q3 was USD25, now in Q4 is already USD 100 and above.

Last week, someone mentioned TP=RM28.

Never thought I could see someone calling TP=RM53 for Topglove.

I guess there would be someone calling TP=RM100 by end of June.

Do you know what you guys are saying?
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Posted by Vitamin > Jun 8, 2020 10:39 PM | Report Abuse

The Best defensive stocks in this Covid-19 worst recession is "GLOVE/medical/PPE/healthcare companies that can withstand or seeing more prosperity. World No.1 gloves producer "TOP GLOVE" is the No.1 stock pick with forwarded bright earnings with TP RM 53.00

Yes. Agreed.

If putting in RM1 today and expecting to get RM2 tomorrow or next month, that is not investing. It's speculating or gambling, in hoping to make a quick gain in the shortest time possible.

Investing means to put in your hard earned money aside to grow while you continue with your day to day living. The expectation is to grow that portfolio for your children's education or future retirement funds. And investing is like buying a small portion of the biz and hoping with good foresight to see that the biz revenue of rm100mil patoday will grow into rm1 bil pa by the time you cash them out or it has reached it's peak. Investing doesn't put focus on share price as earnings grow, share price will reflect accordingly.

@ GooShen


If UWC is better than Penta, why are you still here.
Go over UWC and comment there.
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Posted by GooShen > Jun 5, 2020 5:02 PM | Report Abuse

Powerless. Uwc is a lot better than this.

It may sound impressive having license from NASA.

However, more than 20 companies worldwide are also getting the same license.

Doesn't sound niche.

Furthermore, based on the report, the design is made in a way the parts are easily accessible to ensure the ventilators are not complex and low cost.

If it's build for mass volume production at low cost, it most likely won't generate a good profit margin.

@Aramco

Well, whoever speaks rubbish will know their mouth stinks.

I well aware of all the IBs forecast and estimates.
And none of them put RM28 for their target.

Do you own math.

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@newbie8080 did u do ur homework ,please lah newbie always anewbie boiboi
What not impossible latest IB forecast


TopGlove
As per MayBank IB Forecast 1st June, 3rd qtr(march,april n may) PAT will be 250+ millions will announce this June (could be more)
Coming 4th qtr (june,july n august) 650+ millions (Total FY20E net/PAT 1,135
Billion)
Next FY21A 1st qtr n following qtrs will be explosive due to deep price hike estimated at 1+ Billions per QTR

Note: Most Gloves producer have been price hike 5 to 15% every month ever since
CONVID 19 pandemic beginning March.
Why RM 28.00 not impossible,38,48 n so on also possible
Podah lah newbie

@Yu_and_Mee

what pe you allocated for topglove?

RM28 is impossible.


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Posted by Yu_and_Mee > Jun 3, 2020 7:29 PM | Report Abuse

QR 18 Jun. After 18 Jun, price hit 20.00 like the Supermx trend after May QR.
QR Sep will give Topglove 28.00?

73B glove, 1pc up USD0.001 = 1QR Extra 78.84M net profit (assuming USD conversion 4.32)
If 1pc up USD0.002, then nearly 159M extra net profit. I scare to calculate.

This is the powerful of huge quantity with full capacity (15-20%) increase from previous.

@ bowman

Ironman's company is there as well.

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Posted by bowman > Jun 2, 2020 11:13 AM | Report Abuse

Fundamental logic:

1) K1 only company in Malaysia given rights to distribute this.
2) This ventilator can be used in hospitals or customised for field response
3) Because it is US-approved (Nasa), it will by default be preferred by Chinese brands
4) This is a low cost, low maintenance device needed by most hospitals, even in poorest of countries. Parts are easily found too.

Read more about this ventilator named VITAL, here
https://scitechdaily.com/nasa-has-selected-8-us-manufacturers-to-make-...

Any details on when the company able to begin production and the production volume per month?

Looking forward for Harta to be the largest company by market capitalisation in 2020.

The note seems to be a typo:

" when all order with higher prices are shipped by May "


Better results means better average selling price , means higher not lower.

@infinity888
WHat TP will you place based on this report?

I believe still have upside towards rm10.

Shariah status at pg 7 as at 29 May 2020

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https://www.sc.com.my/api/documentms/download.ashx?id=dd80630a-6dd5-45ae-bedb-75f0586fe3ec

Looks like it's going for RM1 soon.

Minimum net profit pa for main board listing is RM20mil.
Probably will be next financial year.

On 27 February 2020, the Directors recommended a final single tier dividend of RM0.015 per ordinary share amounting to approximately RM7.1 million in respect of the financial year ended 31 December 2019 (2018: Nil). The dividend is subject to shareholders’ approval at the forthcoming Annual General Meeting and the entitlement date will be fixed and announced in due course.
As at the date of this announcement, the Board of Directors (“Board”) does not recommend any dividend in respect of the quarter ended 31 March 2020.

Looking at how Supermax able to have PE=76 based on 4 quarters cumulative earnings and Harta at PE=84 based on the same 4 quarters cumulative earnings,

I believe Harta should trade at premium over Topglove, Kossan and Supermax due to its earning superiority and tech efficiency.

PE=100 sounds better for Harta though it applies only during this pandemic. Thereafter a PE=50 sound more reasonable.


At PE=100, it should trade at RM22

based on net profit of RM750mil pa. for 2020 or average net profit of RM187mil for each quarter.

@Phillip
RM300mil net profit pa?
I don't think so that's possible.
There's also debt servicing, LAD, possible lawsuits compensation,etc

@Value888

You are right.
However, Kiple Live solution started to on traction in April/May 2020.
Kiplepark started end of 2019.
Kiple Pay white label got BNM approval in Feb 2020.

How do you expect profit from the latest fintech initiatives?

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Posted by Value888 > May 28, 2020 11:49 AM | Report Abuse

Exercise caution guys. This company has been making losses for years. Looks like they are better in making news then making profit.

If no more extension, then it's time for the stock to limit down.

Interesting to note why the company still need rights issue since construction already reach 92% last quarter.

ANy idea if the government has plan to renew after June 2020?

https://www.cnbc.com/2020/05/27/china-tech-giant-tencent-pledges-70-billion-investment-in-ai-cloud.html

@Jeju88

Ventilator is used for patients in critical condition like those in ICU.

Covid-19 is one of the disease that requires.

Unlike Mask,Protective gears,etc.....not much demand after Covid-19 settle down.

Thus, ventilators will continue to have demand worldwide.
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Posted by Jeju88 > May 26, 2020 3:13 PM | Report Abuse

Just thinking if a vaccine is found, will covid related related stocks be tumbling? Some of them at all time high. Just my concern.

Many would ask why J@k$ is not raising funds via private placement.

The latest large & successful private placement is Serba Dinamiks , an engineering solution company with EPF taking more shares.

J@k$ has a power plant with good prospects as many had forecasted.

No takers or investors interested to take a slice?

Well, probably you would know the answer as well.

https://www.thestar.com.my/business/business-news/2020/05/26/pentamaster-to-venture-into-ventilators

Yeah. Sooner or later the vaccine news will start to crop out.

Once the vaccine from the global multinationals companies starts to commercialise it probably by Q1 2021, most glove demands will begin to normalise back to pre-MCO levels with the standard 7%-8% pa growth.

No surprise.

Going for RM10?

https://www.theedgemarkets.com/article/servex-partners-green-packet-distribute-kiplelive-solutions

Currently banks will likely not get the digital bank license as it would be duplicate to their existing license and conflict of interest.

Consortium that likely to win the 5 digital bank license:

1. Boost & Axiata Group (#1: local firm & consortium advantage)
2.Grab (Grab Financial arm)
3.TNG Digital & Ant Financial (#2: Collaboration with local firm)
4. Razer Pay
5. BigPay
6.Property firm Paramount Corp Bhd
7.US-founded financial start-up MoneyLion Inc (#3: Existing digital bank in US)
8. Gpacker & Tencent (e-KYC collaboration initiated, #4: Collaboration with local firm)
9. Sunway & Credit Bureau Malaysia (CBM) (#5: local firm & consortium advantage)

Only extend for 1 month?

@CharlesT


Gloves demand spike happen only during pandemic. By end of the year, glove company back to where it is in 2019. You can compare this with the top 3 glove company results and the last few pandemics in the last 10 years. This covid-19 is indeed more severe, you can factor in additional 4-5 months additional supply and 50% topline and bottomline during these period.

DO you think this high demand earnings will continue for many years?
Ask yourself this question.

Tech companies earnings for 5G,IOT,etc is consistent and ever growing till 6G arrives.

Notice the first 5 years of each evolution, remember the first iphone with 4G?
Yes, the iphone 5 back in 2012.

Look at the top tech companies that supply for 4G and all related supply chain from 2012 to 2017.

Compare their share prices from 2012 to 2017.

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Posted by CharlesT > May 22, 2020 11:33 AM | Report Abuse

Glove co expected to see few hundred percent increase in their profot fir next 2 years...Tech co can ah?

@Simonalibaba

Wrong.

According to Bursa, they subscribe 65 mil for the private placement set out 10 September 2019.

Normally private placement is 10-15% below market price of 65 cent-70 cent (average September 2019)

Kendall Court bought another 35 million share from direct business transaction on 19 February 2019. Direct business transaction is normally sold by existing shareholders at higher than market price due to reducing shareholding or to exit.

That's why the share price moved towards 90 cent that week.

During that period, GP is trading between 70 cent to 80 cent.

So estimated average price for Kendall Court should be 70 cent.
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Posted by Simonalibaba > May 21, 2020 8:37 PM | Report Abuse

So chai, Kendall court bot low price at 20 cents you buy now at 1?

@SuperPanda

Check out the website for Kendall Court who recently bought 100 mil share of GP. Look at their track record since 2004 and asset under management to date.
Look at the strategy they employ went they buy in to the company.

You will be interested to buy more GP.

I believe the Singapore company is looking at the prospect of GP in next 3-5 years(stated in website, standard private equity strategy).
Similar to Brahmal Vasudevan pe company where they normally exit after a good return.

http://www.kendallcourt.com/
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Posted by SuperPanda > May 22, 2020 10:11 AM | Report Abuse

mother continue drop, might until son premium finds fair value against mother

Looking at how the glove PE had gone sky high, tech counters is beginning to look like a bargain.

@Rishi

Bursa Malaysia will have all the details.
Annual reports and quarterly financial reports.
The Edge website also provide updated details.
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Posted by Rishi > May 21, 2020 2:35 AM | Report Abuse

newbie8080 --> what are the website you check for their prospects