More news on the B117 strain and it isn't good. Take care all, wear a mask and eye goggles.

"Data indicate a shift in the age composition of reported cases, with a larger share of under 20 year olds among reported Variant of Concern (VOC, B117) than non-VOC cases (original covid strains)."

https://www.imperial.ac.uk/mrc-global-infectious-disease-analysis/covid-19/report-42-sars-cov-2-variant/

And there we go. EPF having help cause the sell down was dumpster diving to collect TG share for cheap.

31-Dec-2020 EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 438,500 shares on 28-Dec-2020.
31-Dec-2020 EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 80,000 shares on 28-Dec-2020.
31-Dec-2020 EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 9,000,000 shares on 28-Dec-2020.

The whole KLCI is red.

CIMB and Maybank are red. IJM, AIJ, BURSA, WPRTS are red. AirAsia is even redder. There isn't even a hint of green window dressing.

And yes, Topglove is red too.

This does not look like a rotation out of gloves. This looks like everyone is leaving the market.

Seem more like selling or very red window dressing.

I await CIMB when it touches RM2.90 again.

Yeah AirAsia is crashing. 3% down.


Posted by Sneakpeek > Dec 31, 2020 9:56 AM | Report Abuse
mayday mayday...

Run to what, the entire stock market is red.

And the SP500 is at all time high, with overvalued PE ratios... the kind seen just before a major correction. The US stock market is at an all time high, in the middle of a pandemic, with businesses closed and 50 millions of American depending on food donations in food banks and about 40 million will be homeless by January 2021.

Also many malaysian stock are precovid level, or even pre recession levels.

You want to buy those when the pandemic will last at least to 3Q of 2021 in the the developed world (that is their aim), and may last till 2022 for developing nations?

We are stuck in a weird place. Gloves have good FA but have bad sentiment. Recovery stocks are almost full recovered price wise, have good sentiment but terrible FA.

If recovery stocks still had their recession price... I would consider.. but buying them at full price, while they are not performing and won't do so for another year with a US stock market that could implode at any moment.

Remember the 2018 Dec plunge and 2020 March plunge. Both nothing to do with COvid19. The causes of those falls are still there.

Here is some idea of the rollout of the Covid vaccination in Malaysia

Malaysia has purchased 12.8 mil doses of Pfizer vaccine, sufficient for 6.4mil Malaysians, or about 20% of the population. Immunity threshold of Covid19 is estimated to be 60-70%. Immunity threshold for B117 strain is estimated to be over 80%.

The roll out will take a year, with the majority in the second half of 2021.

Keep safe everyone. It will be a slow ride.

https://www.malaymail.com/news/malaysia/2020/12/19/azmin-ali-first-batch-of-covid-19-vaccine-to-arrive-in-february-next-year/1933423

The first delivery of one million doses will be made in the first quarter of next year, which will be followed by 1.7 million doses (second quarter), 5.8 million doses (third quarter) and 4.3 million doses (fourth quarter). ― Bernama

@emsvsi
Assumption that all vaccines will work. The Australian vaccine has failed. GSK and Sanofi vaccine have encountered problems and will be delayed till later in 2021.

Also AstraZenneca production capacity is 2000bn aiming for 3000bn in 2021.

Gamaleya vaccine SpunikV is a black box. Nobody has any data on this vaccine.

There are 7.8bn people on the planet. All these vaccine are 2 doses. So 15.6bn doses are needed.

I think EFP will at most sell another 13 million shares. That is all the new share they have left from their buying in September.

If Topglove, Supermax, Harta and Kossan are gone case, then the entire glove industry is a gone case.

A construction company that hasn't made, much less sold 1 glove, is not a glove company. It is still a construction company



Posted by kd88 > Dec 29, 2020 7:01 PM | Report Abuse

TG is gone case.

But glove is not gone case.

So buy mah sing.

Sure and initial target was 25 million American vaccinated by the end of 2020. Then revised down to 20 million Americans due to quality control issues.

Two more days to go and it is still 2 million vaccinated. Worst, over 9 million doses are sitting on dry ice... with only 5 days before their supply of dry ice must be topped up.

Will new dry ice come in time, and will the vaccine get into American arms before millions doses of the vaccine expires in storage.

That is the distribution issue of a vaccine that need to be kept so cold.

After the 100 million doses from Pfizer, the next batch for America is in late June or July. Moderna has promised 100 million doses, and has yet to state when it can produce more after that initial 100 million.

Posted by Parksonguy > Dec 28, 2020 10:30 PM | Report Abuse

Target end of feb 2021 100millions usa citizen will be vaccinated of covid. Two months time will know.

@greedy44444 Malaysia makes 70% of all gloves in the world. Thailand 18%. So banning all Malaysian gloves? Yeah...only in your dreams.

Ah Andy Hall, hero of foreign workers, who wants everything.... company sponsored housing, a short commute to work, and freedom of movement during a pandemic. Yet... why do I feel his demand sound increasing unreasonable and irritating?

Ah that's right. Because most people don't get such rights. People have to get up early to get to work. A 1hr commute (one-way) is considered average in Malaysia, and have mercy on the many people who have a 2 hour commute. And being able to knock off during that trip is consider a bonus.

And ask yourself when was the last time traffic was a successful excuses for being late to work?

So Mr Hall, you got your workers better accommodating and like all things in life, it was a trade off. More space... but further from work and far away from shops.. but you know what that is life.

Nothing is to stop those workers calling a taxi to go to the nearest supermarket, or getting a driving license and their own motor vehicle.

EPF only has 408 million shares. There are 8100 million TG shares in total.

And EFP has only been selling the shares it accumulated after September.

Posted by RunFirst > Dec 28, 2020 6:36 PM | Report Abuse
Wait EPF ALL out first . still long way to go
EPF ALL OUT i think will drop to RM3

5mil of those shares is SBL. TG has loaned those shares out to a third party who has to return those shares with interest at a later time.

EPF still has 411 million share of TG up, still up 11 million shares from September.

Also EPF needs chase for all those people who will withdraw their account

Posted by mf > Dec 28, 2020 8:41 AM | Report Abuse

24-Dec-2020 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 5,000,000 shares on 21-Dec-2020.
24-Dec-2020 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 1,080,400 shares on 21-Dec-2020.
24-Dec-2020 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 304,700 shares on 21-Dec-2020.

In indonesia, the average covid cases in a day is already 6900 and rising.

In Malaysia, the average covid cases in a day is 1700 and rising.

https://www.worldometers.info/coronavirus/

Posted by swagger855 > Dec 27, 2020 11:44 PM | Report Abuse
Singapore average covid cases in a day is already less than 10

White is almost certainly latex.
Black is probably black nitrile, used by mechanics and technicians. I think it maybe thicker.

And they do sell colored gloves... but none standard. Maybe colored gloves would become more common and popular if the public started to buy more disposable gloves. But currently people are pulling gloves from the existing sectors.



Posted by samo50sg > Dec 27, 2020 8:08 PM | Report Abuse

@pblu what about the supply to frontline staff like aircrew, train attendents etc? I saw white on AA aircrews and black on china's railcrew. Apologies. I know nothing about gloves. But surely thats a market that will be huge in the coming years.

If you feel that way, you should sell all your gloves shares and invests in something else..

Me.. well I know the UK population is 66 million. So 15 million people vaccinated by Feb is 22% of the population vaccinated. This is not enough to stop the pandemic. The new B117 strain has a herd immunity threshold of about 80%

And that is it. The UK has not purchased more pfizer vaccine. Additional stock would only be available in July.

This is why UK and US will grant approval to all vaccine candidates. Their hope is AstraZeneca. Moderna will likely not sell any vaccine outside the US until 2022.


Posted by swagger855 > Dec 27, 2020 7:41 PM | Report Abuse
https://www.bloomberg.com/news/articles/2020-12-27/u-k-vaccines-could-....
Glove is past tense

There is a semi color standard of what each glove type is made off and used for.

So this shade of blue is used to indicate that the gloves are nitrite examination gloves and not some other type of glove.

Most companies follow the same standards. So by color I can tell if the gloves are nitrile , latex or PVC, and it their are examination gloves (thinner) or surgical gloves (thicker). And type of chemical resistance too.



Posted by samo50sg > Dec 27, 2020 7:24 PM | Report Abuse
Why always the boring blue color gloves? Any tg shareholders here to suggest this to the management?

https://www.youtube.com/watch?v=0l3EYrWjGEI

@DannyArcher

I think I know why you are having so many problems here. Most of the remaining retailer still in TG are Investors. Investors make a valuation of the company base on fundamental analysis and buy in when the stock drops below what the investors consider fair price.

In effect we buy when other run. Greedy when others are fearful and fearful when others are greedy. @Investors buy when Traders sell.

So when you point at the all the trading indicators, MACD and say oh horrible it is... investors at most think damn that is good price to buy but most pay it little attention.

Inherent to the "Being greedy when others are fearful" or "Buying good shares when it is cheap" mind set, is that Investors think the market has miss prices the share, or that it is not reading/understanding the situation correctly and eventually when the market realizes its mistake there will be a correction.

So here in glove...
I believe the market has underestimate the danger of SARS-Cov2 pandemic and it has overestimated the vaccine efficacy and the rate it can be rolled out to the global population.

Locally I has serious doubts that Malaysia will be able to obtain enough vaccine in 2021 to end the pandemic, due to developed nations having effectively bought all vaccine as pre-orders for multiple manufacturers. (Not knowing which vaccine would work, they opted to buy all of them) In addition, before the pandemic, the regional market was already in trouble due to US-China trade war.

To convince these last investors like myself to leave, you have to successfully argue that (1) the pandemic will end early. (2) the global economy will begin a new expansion phase, making March 2020 the shortest global recession in history rather than tremors of a Great Recession that is about to come.

And yes I do know the SP500 is making new highs. But I also know million of Americans are in food line and that the Fed is buying USD 100bn a month in ETF and cooperate bonds. Since the Fed can print US Dollar.... so yeah you can keep stock valuation high, even as company profit explore new lows.

We can now safety say, Covid19 is a go for breaking records in January.

Apparently the pandemic was not enough to stop the holiday spirit as 6 million Americans have taken to traveling to see their families in the week before Christmas.



https://www.tsa.gov/coronavirus/passenger-throughput

@DannyArcher
If you are of the opinion gloves are no go despite record breaking profits and a covid19 pandemic that is increasing in size, what do you propose people invest in?

What stocks are you holding? Or are you in a cash only position?

There are many companies that don't pay dividends, have bad fundamentals (ie have not made any profit in years), but are flying (ie good technical) due to speculation and hot money.

Would you rather put your money there?

That is not investing that is gambling.


Posted by RunFirst > Dec 24, 2020 12:03 PM | Report Abuse

Dividend is a trap 。
take already Drop to RM3
dividend is poison sugar 。

There is a matter of cost of equipment that runs into the millions of USD, compared to USD100,000 for a mask making machine. And the dip line equipment is large, we a talking hundreds of meters long when all the different mold clear, baths, dyer and testers are consider, requiring a footprint very much larger than a mask making machine (several hectors vs a large two car garage).

And there is economy of scale. Outside of a pandemic, gloves are cheap bulk items. The profitability on any one box of gloves is small, so you need to make a lot to be profitable.

Anyone can make gloves, but not everyone can stay in business making gloves. Once the pandemic is over, you can bet the big 4 will be driving all the newly sprout glove companies out of business to get a discount buy on their glove equipment.



https://wenku.baidu.com/view/c9ff43691eb91a37f1115cc7.html


Posted by Snowpiercer > Dec 24, 2020 10:07 AM | Report Abuse
If you are a punter, go to other counters. If you are long term investors, also go to other counters. Glove is not long term...no barrier to entry in glove....anybody can make gloves

After the pandemic is over.
After hospitals have restocked their glove supply
After countries have restocked their strategic reserve.
Just be patient.
Maybe 2023.

And if RM5 shares does not happen by then, just wait until the next virus outbreak in 3-5 years time. Historically TG management has a share split to readjust TG share prices back down to RM5. TG has split its shares so many times in the past 10 years that if you held 1 share in 2010, you would be holding 24 shares now.

RM5 will come again, even if TG has to share split for you to get it. Just be patient. I am sure by 2026 you will have a RM5 buying opportunity.

Posted by Sneakpeek > Dec 24, 2020 9:42 AM | Report Abuse
When can touch belom RM6.. I'm tired waiting.

Report by ECDC on UK 1.1.7 SARS-Cov2 strain
https://www.ecdc.europa.eu/sites/default/files/documents/SARS-CoV-2-variant-multiple-spike-protein-mutations-United-Kingdom.pdf

Does it matter?
Moderna is a US company. The US has state it will not sell any vaccine until all its citizens are vaccinated.
The US needs 700 million doses to vaccinate its citizens. The expected production capacity of Moderna is 500 million doses a year.

Note this vaccine will be Moderna's first product. Pfizer has had production issue that reduce its shipment of vaccine to the US from 100 million doses to 50 million doses.

I don't think there will be much Moderna vaccine coming to Malaysia in 2021.


Posted by huat8787 > Dec 23, 2020 6:07 PM | Report Abuse

Chief medical officer of moderna is Israeli...i think malaysian wilk have trouble acceptting it

https://heightzone.com/dr-tal-zaks/

The vaccine is taken in 2 doses 3-4 week apart. The vaccine will only have its full effect 9 days after the second dose.

So it will be a mid to late January before the first person completes the vaccination.

Right now the US has vaccinated only 0.5 million people... it has a population of 327 million people.

My point is we won't see the effects of the vaccination until sometime in Feb 2021 at the earliest.


Posted by huat8787 > Dec 23, 2020 2:31 PM | Report Abuse
VERY SIMPLE..if next few weeks case drop mean vaccine working.but if same amount of case, then means no use

All I can say is several very large warrants expiring in the money at the same time. And this causes the issuing IB to need money, perhaps forcing them to sell the mother share.

It is an opportunity to short and to buy. The closing price is beyond my ability to predict.


Posted by AlvinTSK > Dec 22, 2020 11:24 PM | Report Abuse

It is a Dog eat Dog business ... Even in the same IB group, there is internal conflict !! So you really think they all will short at the same time ??

I hope TG is careful with their money.

We have heard of too many cautionary stories of successful companies over diversifying out of their core competency, resulting in massive loses.

Just because you are good at making gloves does not automatically make your management team and workers good at making airplanes or microchips.

If anything, I think TG should use their money to improve themselves; increase production capacity, automate their plants to reduce cost, increase efficiency and give them more resilience to viral outbreaks.

They can use a small, set amount of money to try other things.Each new venture has to be treated like a new company. If it is good, it will grow. If it is bad it can use no more than its own seed money and die when that money is gone.

Posted by Amazonboy > Dec 22, 2020 10:22 PM | Report Abuse
Supermax diversify in contact lense USD19b industry. I hope TG got a back up plan, to boost their rev n investor appeal post covid

I am saying it will be painful.
And they are already reducing their short position.

Net short position of TG:
On 16 December 103 million shares
On 17 December 95 million shares
On 18 December 70 million shares
On 21 December 70 million shares

All the information we are seeing are days old. At best 1 day old.

IB are not a single group of institutions. They will have different objectives.

As the numbers show, some institutions are already unwinding their short positions.

However given that warrants are expiring heavily in-the-money starting tomorrow, maybe some Institution that issued warrants will short hard to depressed the share prices, thus reducing loses from issuing warrants with too low excision prices.

Maybe others are hoping this will happen and short along with the warrant institutions... never mind the dividend if they can push it below 16.5 sen from where they have borrowed.

We do not know. And as retailers we will just have to trust our judgement on the company's profitability and move in if we see an opportunity.



Posted by AlvinTSK > Dec 22, 2020 10:22 PM | Report Abuse
Are trying to say the IB will need to repurchase the share and sell back to EPF before the ex-date SO that they can avoid paying for the dividend entitlement ?? If that is the case, tomorrow is the last day for them to do so ... Huat ar !! Big spike and possible limit up !! LO

the TG share "sales" by EPF on 15, 16 and 17 December has been Securities Borrowing & Lending (SBL)... this means EPF has loaned the shares to a third party with the understanding that after an agreed upon period, the third party will returned the share with interest. Under SBL, the Dividend of the shares belongs to EPF

EPF has about 35million TG shares on SBL. And this loaned shares have probably been used to short the market. So far there about net 70 million TG shares that have been shorted.

But eventually all those shares have to be repurchased at some point. Especially as TG dividend is 16.5sen, a very painful cost on top of the interest that the IB traders have to pay from borrowing shares.

Not illogical. We do know that EPF has tens of millions of TG shares out on loan in SBL.

Posted by abdullah53 > Dec 22, 2020 12:53 PM | Report Abuse
ya..it sounds illogical, could EPF sell to IB for a high
premium to do SS ? and why not ?

Information about the UK strain of coronavirus

https://www.youtube.com/watch?v=NUMMRDyzNv0

https://www.youtube.com/watch?v=0csWfr1uvj8

And a global mass vaccination program needs a lot of gloves.

This is what happens when you have professional understanding and experience in antibody development, genetic engineering (ie mRNA technology that pfizer and moderna are using) and statistic. You lose your sense of wonder and trust in the man with the white lab coat because you are one of the men with the white coat.

Also after reading about coronavirus and the 10 year development history of SARS vaccine. And the result from pfizer and moderna trials so far...

So yeah... die holding glove stocks. We need more data on the vaccine efficacy and reactogenicity.

Also the moderna vaccine is more reactogenic than the pfizer vaccine. And the second dose is more reactogenic than the first.

Posted by NJHL1234 > Dec 21, 2020 11:32 PM | Report Abuse
its sad to these ppl rather die holding glove stocks instead of having slight trust on vaccine.

It works for 2 months and causes anaphylaxis reaction in an unknown percentage of the population, because in the trials they screen out anyone with a history of allergic reactions.

We have so many basic questions that are unanswered.

Will it work in 6 months? People who get infected by the virus after the first dose but before the second, do they have higher frequencies of getting severe covid19.. due to ADE caused by subneutralizing levels of antibodies.

The problem is the phase III trial is far from complete. Pfizer phase III trials is completed on August 2021 while the Moderna phase III trial ends in October 2022. And at most only 1% of the data has come in. There is a reason why Moderna and Pfizer require governments to absolve them of all liability.

So if you get some serious side effect from taking either the pfizer or moderna vaccine, you can only get compensation from your government.

Vaccine are safe only because they are heavily tested. And the test phase takes years to do.

If we aren't going to bother waiting for the phase III results, we could have gotten the vaccine in June or July. We must remember the only reason we do the trials is because somewhere in the past, something when wrong and we learned a lesson that cost a lot of lives.

Wait for the trial results to come in.

Posted by swagger855 > Dec 21, 2020 9:57 PM | Report Abuse
Vacinne works lol. How many times i have to copy paste here to let ignorant people see.

https://www.thevibes.com/articles/news/10658/raid-reveals-laglove-foreign-workers-horrid-living-conditions
Laglove

And the moderna vaccine is even more reactogenic than the Pfizer vaccine. Lets see what happens.

How many Malaysia who are allergic to things carry an epi pen?

Journal of the American Medical Association
Pulmonary Fungal Infections Affect Patients With COVID-19
https://jamanetwork.com/journals/jama/fullarticle/2773692


Rhino-Orbital Mucormycosis Associated With COVID-19
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7599039/

@Posted by jasonred79
Covid is all over the country. We just haven't been testing. When we do test, we find massive outbreaks. In the last 3 months the number of Covid19 cases in malaysia has gone from 10,000 to 90,000 cases.

The media is focused on Topglove... but really it is everywhere. Banks, malls, hospital staff. 3 hospital have infected staff, that infected their uninfected patients.

We have gone exponential.

https://www.worldometers.info/coronavirus/country/malaysia/

@EdwinYap86

So how are the recovery stocks doing? Did you run when it was falling? Maybank has fallen over 50sen since the high of RM9 a few days back. Same for CIMB and PBBank.

US is still in a trade war with China. US going to black list more Chinese companies.

The US is in recession but their stock market doesn't see it only beause the US Fed is buying ETFs and bonds.

We did experience two massive plunges of the global economy before the pandemic really got going.

Moderna will not be selling any vaccine until the US is fully vaccinated. And that is well into 2022 given Moderna's production capacity.

And we have only managed to secure enough vaccine for 20% of the population from Pfizer in 2021. The Covax initiative by WHO is likely to fail as few major vaccine producers have signed up and it hasn't gotten enough funding from interested nations.

@Sam Singh.

There are now Covid19 outbreaks in 3 malaysian hospital, the staff have covid19 and have spread it to uninfected patients.

Hartalega also has Covid19 outbreak among their workers. Are you going to the US and EU to report them too.

Given enough time and cases, people will die. This is why we are in pandemic. The virus is everywhere.

Well all market Red.

So it is RUN... Run into cash and hide it under the bed.

Well at least for gloves we know there is solid profits all the way to FY21Q4.

@Sam Singh We are in a deadly pandemic. What do you think happens during a deadly pandemic that is highly contagious?

Any company with a sizeable work force that is still operating will get infected and if enough people get infected somebody will eventually die. The only way to keep all TG employee safe is to put them into isolation. Basically a prison. But that might offend your sensibilities.

There is no need to hope the pandemic will get worse. We know it will get worse. It is flu season in the western hemisphere. Worse we even have news that the SARS-Cov2 virus has jumped into the wild mink population, so the virus now has an animal reservoir for it to retreat too and come back later. We may now need to vaccinate minks all around the world if we want to stamp out this virus.

We even know that TG will be making record breaking profits in FY21Q2 and FY21Q4. FY21Q3 may not break any records

What most people are hoping is that the TG share prices will reflect this reality.

As things stand, experts estimate less than 25% the world population will be vaccinate in 2021. And if you take the word of company CEOs, then assume all vaccine work from all companies (Moderna, Pfizer, AztaZenecca, Johnson Johson, GSK, Sanofi, Sinovac, Sinopharm, CanSino, Gamaleya, Novavax, Curevax, Covaxx) and all vaccines can be produce at maximum capacity there is enough for about 50%-60% of the global population. Better but not enough to stop the pandemic.

There is no Karma only Reality. The western world has pre purchased most of the global supply since it is not known which vaccine will succeed. Case in the point the failure of the Australian vaccine and the delay of the GSK and Sanofi vaccine as it had low efficacy in the age 55 and older group. So for the rest of us, it is likely we won't be fully vaccinated until 2022.

That is not Karma. That is the imbalance of power in the world. We did a relatively good job of controlling the virus but we are still at the end of the queue because our politicians were slow, we did not develop our own vaccine and we are poor.

Posted by Snowpiercer > Dec 16, 2020 10:19 AM | Report Abuse
Can you imagine one has to hope that pandemic get worse so one can make more money from glove counter..... there is karma

aka fun time of living in a developing nation.....


>>Some experts predict it will be 2024 before there is enough vaccine. Others, like Dr. Hatchett, think that as more people get sick and acquire natural immunity, the need for the vaccine will diminish and the supply will be adequate by late 2022.<<

https://www.nytimes.com/2020/12/15/us/coronavirus-vaccine-doses-reserved.html?action=click&module=RelatedLinks&pgtype=Article

American wild mink found infected with Covid19

https://www.bbc.com/news/science-environment-55309269

This is not good.

If a virus has an animal reservoir, we must also vaccinate that animal species or risk the virus coming back from the animal reservoir, possibly as a different strain as it mutates there.

Pfizer vaccine
Covid infections after first dose, before second dose
39 vaccinate : 82 placebo.

Covid infections after second dose
11 vaccinate : 193 placebo.

A single dose is mildly protective. As the second dose is give 21 days after the first dose, there is a window where a vaccinated person is still vulnerable to the virus.

But here is something interest. 622 people were excluded from the Pfizer study after second dose of the vaccine due to important but unspecified protocol deviations. In the placebo group only 121 people were excluded for the same reason.

The 5x difference in number between the vaccine and placebo group rises questions. What are these protocol deviation and it seems link the vaccination. This exclusion group is larger than the number of people infected by Covid19 or even dropped out of the trial.

If anyone can get hold the actual pfizer report to the FDA, I would like to read it. Thanks.

https://www.fda.gov/media/144245/download