Well it is a good thing then that Topglove acquired Aspion in 2018. And due to the pandemic can continue its expansion plans of 20% y-o-y in 2020, 10% in 2021 and 7% in 2021.

https://www.theborneopost.com/2020/05/21/top-glove-one-of-largest-beneficiaries-of-covid-19-pandemic/

If demands is high and supply is limited, prices can increase.

Nope. Company pays tax on their profits which they use to pay dividend. So you don't claim a tax credit or pay tax no matter your own income level on dividends.

Touched 13.32

But now back to 13.04

Not going to be the next Nestle. But in a world ravaged by a pandemic where people and politicians are too stupid to fight it (see Brazil ad US).... yeah gloves are going to be selling for a very long time. At least for the next 2 years.

And even when we have a vaccine, it will take 6-8 months to make enough doses, and a few more months to distribute it. All that time we will need more gloves and finally when the pandemic is over, nations and hospitals around the world will have to resupply.

So glove companies are going to be making money for a few years.

Posted by farmcow > May 21, 2020 1:53 PM | Report Abuse

hi guys, do you think splitting possible considering the current uptrend?

I think Topglove will exchange all its guaranteed exchangeable bonds first before considering what to do next. But if stock prices remain high, there is a tendency for Topglove management to issue a split when share prices stay above RM10 for a few months. We might know around September.

Well it is now at 11.96

Posted by OKU_2020 > May 21, 2020 5:15 AM | Report Abuse

BEWARE...!Monkeys infected with COVID-19 develop immunity in studies, a positive sign for vaccines...CHICAGO (Reuters)

That vaccine by Sinovac is the most basic, most guarantee to work and hardest to scale up. They grew the SARS-Cov2 virus in VERO monkey cell line (a green monkey kidney epithelial cell line) and chemically inactivated it. This is the procedure used to make Salks Polio vaccine and the influenza vaccine.

The problem is growing large quantities of animal cells to grow the virus. This will make the vaccine more expensive and harder to scale up. DMEM while cheap and FBS while basic are not exactly cheap. DMEM cost RM170 per 500ml bottle and FBS cost about RM3600 per 500ml bottle. And we will need about liters of the stuff.

In any case, they still need to do a Phase I, Phase II and Phase III trial, human trials.

Closed at 10.80

Phase 1 just show that vaccine will not kill you.
Phase 2 show if vaccine will work in humans.
Phase 3 is to find adverse side effects.

Phase 1 is okay. But a lot of things won't kill you. Phase 2 is more important.

But we are in pandemic. Second wave is already starting to appear. Topglove will come down but not until a vaccine is developed.

Given that the Americans are opening up while they have not controlled the Covid19 virus, 100% guarantee that in by late May there will be massive Covi19 outbreak. Basic virology.

Need for gloves will be unending as tens of millions of people get sick. Topglove will see big profits from now till at least mid 2021.

Can anyone open https://www.malaysiastock.biz ?
Seems to be blocked since yesterday

AA problem is not bribery. AA didin't paid or receive a bribe. The problem with AA is the economic recession compounded and triggered by the coronavirus outbreak in China which is also spreading in this region. Airlines around the world are stopping flights to and from China. This also means fewer tourist to SEA, either from China, Europe or America.

This is what will slam AA. When we see AA quarter report at the end of Feb, it will be red, very very red.

But why has it been falling all morning?

Touched RM11.00
Is this the end?

14.04 now

Dividend yield is barely above 1%.

TERJUN

But what can you expect. Prices when up from RM2.6 for no reason to RM4.6. Then over 2 days has fallen to RM4.1

Dioxins and similar chemicals are a problem that will build up over time.
Burning PVC release large amounts of HCL gas. Very corrosive to equipment. Also releases large amounts of chlorinated hydrocarbons.

Better to actually use pyrolysis to break down plastics into simpler hydrocarbons that can be refined and remade into new plastics.

Posted by elbrutus > Jun 2, 2019 12:33 AM | Report Abuse

SD 40cts ..3.04 b4 ex ....SD 90cts (more than double) ...cannot get 3.40 to 3.50 meh ??

Might have in expansion years. But this is 2019, global economic recession coming. You can see that in 1Q profits. Despite awesome dividends, AA share has fallen from 3.5 and has never recovered.

TM Dividend Policy (%): 40
40% of 8 sen is 3.2 sen

We saw the rise of Tm from RM 2.72 to RM3.53 That is 80 sen rise. TM usually give 20 cen in dividend.

30% rise?

WTF

Tm is not even posting dividends. Why such a crazy rise?

My guess, malaysian institutional are buying.

Same here. paper loses of 17%
But on the other hand, Topglove is one of the few international companies in Malaysia. Topglove sales are not dependent on Malaysian market.

I am waiting to see if Topglove will drop to RM3.80.

@Darren Chia
Hello from 2019. 2 years has passed and still no re-spawn for MAS. Now there is talk from DrM that they are looking to sell this lemon to somebody. So prema death.

Genting 6.04 is near historic low.
Now Genting is 6.94. Would you still call that a buy?

Buy low, Sell high.

Genting is back up already.
If you buy high, you have to hope it climbs higher. How feasible is that in current climate.

If you want to buy at 4.00, suggest you wait until US goes into recession. 4.11 is lowest LCTITAN has gone since listing.

Power dive!
Make everyone regret not selling at 2.90

Finally! Buy. It has been months. Thought I would never be able to get back in.

EPF buying millions of share near top and selling 16 million shares at the bottom? How much money did EPF lose?

On the plus side, EFP should be low on shares to sell. Price can start rising.

Nope. 4.86
Still not bad. Monday will break 4.90

True. Not as much steam as yesterday. But the price is climbing despite two selloffs (so far) today. If this keeps up, Monday would be better.

Well, topglove does have 25% of the global glove market. Something rather unique for a malaysian company. Topglove being a major international company still based at home.

And gloves are something that must be used to avoid contaminating something or being infected by bacteria/virus. Cheap gloves tend to tear. And if your life or project is depend on your personal protection, you are not going to skim on something as cheap as a disposable glove. And people do double glove for the really nasty stuff.

So I think Topglove will be okay. People aren't going to wear less gloves during a recession. You aren't going to risk HIV or hepatitis infection just to save a disposable glove.

As for Topglove being risky, well Topglove has been challenged at 4.61-4.67 level several times (some really strong like the 6 million sell off on 11 Jan and 1 million sell off earlier today 17 jan). Topglove has always rebounded back to 4.69-4.70. So if you buy at 4.61-4.67 I think it is pretty "safe".

Gloves are a necessity in biomedical field. People wear gloves all day. So what people feel comfortable in and what people feel safe wearing is what they will stick too. Saving a few dollars per box of gloves is not worth the hassle of ill feelings between the purchasing officer and people who wear said gloves.

I wonder who is selling top glove at such a high volume?

@safewinner
Good for you. I am sadly at 5.27 average

@efymt2

I bought but I did not hold.

It depend on how long you are able and going to hold it for. And also what you think 2019 will be like. Bear market or return to Bull market?

Remember Pan Am?
Eventually somebody makes a mistake and the company ends.

@Jiahui Foo

Might as well go elect Stalin. And he will send everyone to the gulag. Then FGV will become super profitable because labor is free and high nitrogen fertilizer also free.

Global recession is coming. Even if we have the greatest economist in the world as our leader, we will still be hit. We are an ant compared to the forces moving around us.

Also have 5 figure, but I am certainly not sifu. Just lucky.

@DongFang
Dividend is normally direct debit. No more cheques.

@ John
Do not mistake year end window dressing for fair market value.
In October AA did touch 2.30
We are now in recession. If you are not careful, you could be left out in the sun when window dressing stops. Only Malaysia in Asia is up.

Sure it is a drop when you have seen AA at 2.74-2.75 for a solid session last week. And a solid day at 2.73-2.74 on monday.

GENM
Open 3.04
Close 3.08
Low 3.01
High 3.18

A lot of travel but did not go far.

>why suddenly spike?

Window dressing?
Somebody dump RM5 million into stock market and started buying AA for about 9 mins. Unfortunately once buying stopped AA started falling again.

Russell 2000 down 2%
My prediction GENM goes back down to RM2.90

>Is tomolo morning going to be more exciting ?

Everyday at the KLCI is very exciting. Question is good excitement or bad excitement.

More like cross trade
5000 lots
5000 lots
5000 lots

RM4 million. I think cross trade is brokerage activity. One/more customer of broker trading with another customer of same broker.

Opened at 2.67
Closed at 2.67

Why AAX not same as AA
Physics and geography.

Long haul (AAX) vs short haul (AA).
Cheaper to fly short haul. On long haul, you have to burn fuel to carry fuel. And fuel does not pay for its ticket.

Long haul take long time. Short haul short time. In time to fly one long haul, you can do several short haul. Make more money that way/

Tourist movement. Many exotic places to see in SEA, all it would take is a short plane hop. Since ticket so cheap, tourist can hop a lot. Long distance travel is 2 trips max. One to come here and one to go home. Ticket maybe cheap but tourist will only take so many round trip to destination and home.

AAX not as good as AA

And... I am out.
Great company and cheap oil. I see it soaring under normal flying conditions.

But... conditions are not normal. US about to implode. I'll come back when AA hits RM2.20