covid reducing ?? which planet are you from Cindy?

Glove shares staying strong ... hold tight tight folks

Glove shares staying strong ... hold tight tight folks

Today is ex date right?

In terms of participation, foreign investors were the only group that experienced a weekly increase in their average daily traded value (ADTV) of 7.9% to reach RM1.62b.

Last week, Top Glove Corp Bhd registered the highest net money inflow of RM15.02mil last week.

https://www.klsescreener.com/v2/news/view/691963/foreign-funds-offload-rm600-7mil-off-bursa-for-18th-straight-weeks

Mid-year window dressing activities by big funds on Supermax and Top Gloves. Up up up

Mid-year window dressing activities by big funds on Supermax and Top Gloves. Up up up

dividend play ex date 25 June.. up up up Top Glove

big fund accumulating ... up up up superman

An Increase of Demand Rubber Gloves will be a Super Normal for the Next Few Years

Acute supply and supernormal rubber glove demand could persist in the next two years. Analyst, Raymond Choo Ping Khoon said glove makers issued new customer orders from airlines , hotels, retail apparel chains and hotel operators. When we look at the single capacity expansion figures, it seems daunting. Juxtaposed with annual growth in demand and new pandemic-led demand, the increased capacity is not a worry.

He said the estimated new annual capacity may not actually start as scheduled and consequently the supply shortage will remain acute in 2021. On average, Choo said glove makers required two to three plants annually to meet the supernormal demand, which takes 12 to 24 months to complete.

We assume that the average tightness of the selling price (ASP) will continue until 2021. We point out that reports of a player in China ramping up capacity by 30 billion pieces over two to three years seem ridiculous, usually taking eight to ten years to construct,” he said.

Choo noted that in the last few days, Top Glove Corp Bhd stock has veen down 15 per cent. On average, Choo said glove makers required two to three plants annually to meet the supernormal demand, which takes 12 to 24 months to complete.

They assume that the average tightness of the selling price (ASP) will continue until 2021. We point out that reports of a player in China ramping up capacity by 30 billion pieces over two to three years seem ridiculous, usually taking eight to ten years to construct.

Choo noted that in the last few days, Top Glove Corp Bhd stock has veen down 15 per cent.

It was attributed to the perceived ill-treatment of foreign employees, concerns of over-supply, and windfall tax rumors that Kenanga Research claims were largely overplayed. The stock currently trades at a slightly above-average undemanding price-earnings-ratio at 21 times compared to earnings growth of an average of 130 per cent for the 2020 (FY20) and 2021 (FY21) financial year.

Kenanga Research retained the target price of RM25 per share for Top Glove and affirmed a ‘outperform’ call on the company.

Because of the pandemic and solid earnings growth averaging 130 per annum for FY20 and FY21 the firm said strong management, booming gloves industry will help the bid for Top Glove.

A main risk to its call, however, involves lower volume sales and ASP than anticipated. They highlighted that Top Glove’s ASP is 15 per cent higher month-on – month for months from June to August, suggesting tightness of supply.

They also expect Top Glove, with a large consumer base, to have greater negotiating power and therefore potentially higher than anticipated industry average prices.

Top Glove recently found out that 20 per cent of its new capacity will be spot-priced, between US$ 80 and US$ 100 for 1,000 parts.

https://www.theasianaffairs.com/malaysia/2020/06/19/an-increase-of-demand-rubber-gloves-will-be-a-super-normal-for-the-next-few-years/

An Increase of Demand Rubber Gloves will be a Super Normal for the Next Few Years

Acute supply and supernormal rubber glove demand could persist in the next two years. Analyst, Raymond Choo Ping Khoon said glove makers issued new customer orders from airlines , hotels, retail apparel chains and hotel operators. When we look at the single capacity expansion figures, it seems daunting. Juxtaposed with annual growth in demand and new pandemic-led demand, the increased capacity is not a worry.

He said the estimated new annual capacity may not actually start as scheduled and consequently the supply shortage will remain acute in 2021. On average, Choo said glove makers required two to three plants annually to meet the supernormal demand, which takes 12 to 24 months to complete.

We assume that the average tightness of the selling price (ASP) will continue until 2021. We point out that reports of a player in China ramping up capacity by 30 billion pieces over two to three years seem ridiculous, usually taking eight to ten years to construct,” he said.

Choo noted that in the last few days, Top Glove Corp Bhd stock has veen down 15 per cent. On average, Choo said glove makers required two to three plants annually to meet the supernormal demand, which takes 12 to 24 months to complete.

They assume that the average tightness of the selling price (ASP) will continue until 2021. We point out that reports of a player in China ramping up capacity by 30 billion pieces over two to three years seem ridiculous, usually taking eight to ten years to construct.

Choo noted that in the last few days, Top Glove Corp Bhd stock has veen down 15 per cent.

It was attributed to the perceived ill-treatment of foreign employees, concerns of over-supply, and windfall tax rumors that Kenanga Research claims were largely overplayed. The stock currently trades at a slightly above-average undemanding price-earnings-ratio at 21 times compared to earnings growth of an average of 130 per cent for the 2020 (FY20) and 2021 (FY21) financial year.

Kenanga Research retained the target price of RM25 per share for Top Glove and affirmed a ‘outperform’ call on the company.

Because of the pandemic and solid earnings growth averaging 130 per annum for FY20 and FY21 the firm said strong management, booming gloves industry will help the bid for Top Glove.

A main risk to its call, however, involves lower volume sales and ASP than anticipated. They highlighted that Top Glove’s ASP is 15 per cent higher month-on – month for months from June to August, suggesting tightness of supply.

They also expect Top Glove, with a large consumer base, to have greater negotiating power and therefore potentially higher than anticipated industry average prices.

Top Glove recently found out that 20 per cent of its new capacity will be spot-priced, between US$ 80 and US$ 100 for 1,000 parts.

https://www.theasianaffairs.com/malaysia/2020/06/19/an-increase-of-demand-rubber-gloves-will-be-a-super-normal-for-the-next-few-years/

don't all in ???.. i don't think you can get this discounted price come next week

i believe in Supermax and Top Glove strong fundamentals . Unlikely to go down much further

based on the pattern .. before close will gap up again

based on the pattern .. before close will gap up again

https://www.businesstoday.com.my/2020/06/05/ftse-russell-and-bursa-malaysia-announces-changes-following-semi-annual-review/

price stabilizing .. June 22 Monday Supermax will be added to Hijrah Shariah Index

thanks for sharing

price volatility due to upcoming expiration of warrant on 30 June?

Good writeup on Top Glove and Supermax

https://research.sginvestors.io/2020/06/rubber-gloves-malaysia-uob-kay-hian-research-2020-06-17.html?m=1

Price should be less volatile and trend up from here. The selling was probably due to the warrant expiring on Monday 22/6. Big funds are coming back...

https://moneynology.blogspot.com/2020/06/17-june-202-update-on-supermax-and.html

lai liao .. moving up again

lai liao .. moving up again

is it possible the expiring of upcoming warrant is causing the volatility

is it possible the expiring of upcoming warrants is causing the volatility

last 15 min huge trading volume and jump in price from 16.80 to 16.90

lai liao .. up up up

We are getting international coverage and hopefully foreign funds will invest more in TG


This Malaysian stock has tripled in price due to the coronavirus pandemic. It could climb further
PUBLISHED FRI, JUN 12 202012:58 AM EDT

The share price of Malaysia’s Top Glove, the world’s largest medical glove maker, has more than tripled this year thanks to the coronavirus pandemic — and analysts said the stock could still climb higher.

The company’s shares listed on the Malaysian stock exchange have surged by more than 255% this year as of Thursday, according to Refinitiv data. Its Singapore-listed shares experienced a similar jump of over 256%, the data showed.

https://www.cnbc.com/2020/06/12/share-price-of-malaysias-top-glove-surged-due-to-coronavirus-pandemic.html

Top Glove expects another record-high performance in Q4

Top Glove Corporation Bhd expects to see another record-high financial performance for the fourth quarter ending August 31, 2020 (Q4 2020) due to the continuous global demand for rubber gloves amidst the ongoing Covid-19 pandemic.

Executive chairman Tan Sri Lim Wee Chai said the average selling price (ASP) is expected to increase by about 30 per cent in Q4 2020, which would contribute to the company’s performance in the upcoming quarter.

Based on this business logic, the profit can be doubled (in Q4 2020), and sales revenue would be more than 30 per cent,” he said during Top Glove’s virtual briefing on its Q3 2020 results today. On dividend payout, Lim said the company is likely to pay more than 10 sen per share in December 2020 if it performs better in Q4

https://headtopics.com/my/top-glove-expects-another-record-high-performance-in-q4-malay-mail-13617277

KLCI skids, Top Glove the only component stock trading up

Top Glove Corp Bhd is the only component stock that is trading in the positive zone while the other 29 counters are in the red. Its market capitalisation (cap) stands at RM44.72 billion. The world’s largest rubber glove maker is currently ranked sixth in terms of market cap.

The five component counters that are still ahead of it are Malayan Banking Bhd (Maybank) with a market cap of RM88.9 billion, Tenaga Nasional Bhd (RM67.88 billion), Public Bank Bhd (RM65.2 billion), Petronas Chemicals Group Bhd (RM51.9 billion) and IHH Healthcare Bhd (RM48 billion).

https://www.theedgemarkets.com/article/klci-skids-top-glove-only-component-stock-trading

Yu and Mee .. RHB also had problem this morning . Could not execute my buy order

Demand for gloves to stay positive even if Covid-19 vaccines found

TOP Glove Corp Bhd expects the element of fear factor and mass public embracing the use of protective gear to drive demand for its range of glove products in the next few years.

Top Glove MD Datuk Lee Kim Meow foresees the use of face masks and gloves to grow and drive sales to America, Mexico, Brazil and other Latin American countries.

“The next quarter will be a very strong quarter for us and we believe this momentum will carry on until the end of the year and beyond 2020 as well.

https://themalaysianreserve.com/2020/06/12/demand-for-gloves-to-stay-positive-even-if-covid-19-vaccines-found/

Demand for gloves to stay positive even if Covid-19 vaccines found

TOP Glove Corp Bhd expects the element of fear factor and mass public embracing the use of protective gear to drive demand for its range of glove products in the next few years.

Top Glove MD Datuk Lee Kim Meow foresees the use of face masks and gloves to grow and drive sales to America, Mexico, Brazil and other Latin American countries.

“The next quarter will be a very strong quarter for us and we believe this momentum will carry on until the end of the year and beyond 2020 as well.

https://themalaysianreserve.com/2020/06/12/demand-for-gloves-to-stay-positive-even-if-covid-19-vaccines-found/

Top Glove Corporation Berhad BUY : Fundamental backing momentum
JF APEX SECURITIES BERHAD : Target Price RM22

https://eresearchsystem.bursamalaysia.com/eResearch/webdownload.pub?id=32532

Top Glove’s 3Q sets the bar for other glovemakers

Top Glove’s robust set of 3Q financial numbers now sets the bar for an equally strong showing from its industry peers.

The outlook for the industry remains good. The World Health Organisation has warned Covid-19 infections and death numbers continue to rise globally despite the lifting of lockdowns and with many more countries moving to normalised economic activity.

The threat of a second wave of infections remains, while the discovery of a vaccine has yet to materialise.

Top Glove MD Datuk Lee Kim Meow said the industry can fall back on about 8%-10% growth annually, even without the Covid-19 pandemic factor.

https://themalaysianreserve.com/2020/06/12/top-gloves-3q-sets-the-bar-for-other-glovemakers/

why sell now and earn peanuts?? sell at $35 la

Nice .. first to reach green

shit .. system hang .. order cannot execute .. anyone facing this problem??

Hold and buying more ..

ah yo wrong timing to release TG results ... major world indexes mostly down by 2%

look at harta .. share price so stable

good .. sell and short until habis .. than the price will just go up up up

no worries .. just hold tight tight

enjoy the ride everyone .. not always can experience this ya

Buy order 238K @ $22.20??

"Monthly sales orders went up by some 180%, resulting in long lead times ... from 40 days to around 400 days, whereby orders placed now would only be delivered over a year later," it said.

The company said it was looking towards "extremely robust quarters ahead", helped by strong demand growth, high utilisation and additional capacity coming onstream.

"With a year's worth of orders in the pipeline, Top Glove is confident of delivering solid results not only for FY2020, but for FY2021 as well," it said.

https://news.trust.org/item/20200611045236-lh326/

Malaysia's Top Glove Q3 profit jumps over 360% as sales shoot up during pandemic

The world’s largest glove maker recorded a net profit of 347.9 million ringgit ($81.90 million) for the three-month period ended May 31, versus 74.7 million ringgit a year earlier.

Revenue jumped 42% to 1.69 billion ringgit.

The company said it was “its most outstanding performance yet” in its 29-year history.

https://www.reuters.com/article/top-glove-results/malaysias-top-glove-q3-profit-jumps-over-360-as-sales-shoot-up-during-pandemic-idUSL4N2DO11S

Proud to be malaysian .. Top Glove Malaysian Largest Glove Company in the World ... Top Glove Top Stock

Next and subsequent quarters even better results ... hold on tight and enjoy the ride

have faith la .. the best is yet to come