JN88 .. down 28cents u make so much noise?? where were you when TG was RM9, RM11, RM13 ...

why sell when the best has yet to come?? next and subsequent quarters will hit the roof

strong opening 17.50

expect TG to exceed all expectations, announce bonus issue and dividend

Yes .. back to 17 .. go go go

Back at 17

Woo hoo .. going back up

Profit taking on glove stocks but Top Glove hits new peak

Profit taking emerged among rubber glove stocks, pushing some into negative territory today.

Supermax Corp Bhd soared to an all-time high of RM9.30 in the morning. Selling pressure surfaced, pulling the share price to a day’s low of RM8.61 before it closed at RM8.65, down 23 sen or 2.6%, with 24.75 million shares traded.

Top Glove Corp Bhd continued its steady climb to a fresh peak today. It closed at a new record high of RM17 as analysts kept raising their target prices. The latest was CGS-CIMB, lifting its target price to RM25. The stock brokerage anticipates Top Glove to achieve a net profit of RM1.37 billion for the financial year ending Aug 31, 2020 (FY20) and RM3.7 billion for FY21.

https://www.theedgemarkets.com/article/profit-taking-top-glove-hits-new-peak

Profit taking on glove stocks but Top Glove hits new peak

Top Glove Corp Bhd continued its steady climb to a fresh peak today. It closed at a new record high of RM17 as analysts kept raising their target prices. The latest was CGS-CIMB, lifting its target price to RM25. The stock brokerage anticipates Top Glove to achieve a net profit of RM1.37 billion for the financial year ending Aug 31, 2020 (FY20) and RM3.7 billion for FY21.

https://www.theedgemarkets.com/article/profit-taking-top-glove-hits-new-peak

A more than 100% jump in glovemakers’ shares can run further
TheStar Tue, Jun 09, 2020 12:01pm

As countries ease their lockdowns, glove companies and some experts have noted that the widespread administering of a vaccine will actually result in a further spike in glove demand.

SINGAPORE: Northcape Capital Ltd., one of the largest shareholders of this year’s top gainers in Asia -- Top Glove Corp. and Hartalega Holdings Bhd., says the two stocks have further room to run.

The pandemic has caused a structural change in demand for gloves, so earnings at some makers will double in each of the next two years and drive their stocks to outperform, according to Ross Cameron, a fund manager at Northcape, which overseas about $7 billion in assets globally.

“The duration of super-normal demand is still longer than most people realize, ” Cameron said. Factors that will continue to support the share rally include product price increases and the fact many nations are ill prepared for pandemics, he said.

Shares of the world’s biggest glove makers Top Glove and Hartalega, both listed on Malaysia’s bourse, have soared 257% and 136% this year, respectively, making them the top gainers in MSCI Inc.’s broadest gauges of stocks listed in Asia and emerging markets.

Their rally has vaulted the two firms into the list of top companies in Malaysia and driven their valuations into uncharted territory.

Northcape, an Australia-headquartered asset manager that has been investing in the shares of glove makers for more than a decade, bought more glove-makers’ shares early this year “when signs emerged that Covid-19 would become a global pandemic, ” Cameron said.

According to his calculations, Top Glove will generate average earnings growth of more than 100% for each of the next two years while Hartalega will also deliver “exceptionally strong” earnings growth as personal protective equipment purchases increase globally.

Some glove makers have “an order backlog all the way out to June 2021, ” compared with one month before the pandemic, he said. The discovery of a vaccine to prevent Covid-19 disease will also help keep demand elevated because “glove companies and some experts have noted that the widespread administering of a vaccine will actually result in a further spike in glove demand, ” he added.

Shares in Top Glove and Hartalega are trading close to their record valuations based on 12-month forward estimated earnings, according to data compiled by Bloomberg. Analyst price targets have failed to keep pace with rapid stock gains.

Cameron said that “analysts are still behind the curve in updating their estimates, which is why the stocks look expensive on a headline basis.”

Most of the analysts “still underestimate how high margins could go in this environment, ” he added.

Northcape’s earnings estimate for Top Glove for the fiscal year 2021 is more than 60% above the Bloomberg consensus estimate. This puts Top Glove on a forward price-to-earnings ratio of just 23 times, Cameron said. That compares with 37 times based on estimates of analysts tracked by Bloomberg.

“There are very few companies globally which can deliver anything close, ” he said. - Bloomberg

https://www.klsescreener.com/v2/news/view/686389/a-more-than-100-jump-in-glovemakers-shares-can-run-further

A more than 100% jump in glovemakers’ shares can run further
TheStar Tue, Jun 09, 2020 12:01pm

As countries ease their lockdowns, glove companies and some experts have noted that the widespread administering of a vaccine will actually result in a further spike in glove demand.

SINGAPORE: Northcape Capital Ltd., one of the largest shareholders of this year’s top gainers in Asia -- Top Glove Corp. and Hartalega Holdings Bhd., says the two stocks have further room to run.

The pandemic has caused a structural change in demand for gloves, so earnings at some makers will double in each of the next two years and drive their stocks to outperform, according to Ross Cameron, a fund manager at Northcape, which overseas about $7 billion in assets globally.

“The duration of super-normal demand is still longer than most people realize, ” Cameron said. Factors that will continue to support the share rally include product price increases and the fact many nations are ill prepared for pandemics, he said.

Shares of the world’s biggest glove makers Top Glove and Hartalega, both listed on Malaysia’s bourse, have soared 257% and 136% this year, respectively, making them the top gainers in MSCI Inc.’s broadest gauges of stocks listed in Asia and emerging markets.

Their rally has vaulted the two firms into the list of top companies in Malaysia and driven their valuations into uncharted territory.

Northcape, an Australia-headquartered asset manager that has been investing in the shares of glove makers for more than a decade, bought more glove-makers’ shares early this year “when signs emerged that Covid-19 would become a global pandemic, ” Cameron said.

According to his calculations, Top Glove will generate average earnings growth of more than 100% for each of the next two years while Hartalega will also deliver “exceptionally strong” earnings growth as personal protective equipment purchases increase globally.

Some glove makers have “an order backlog all the way out to June 2021, ” compared with one month before the pandemic, he said. The discovery of a vaccine to prevent Covid-19 disease will also help keep demand elevated because “glove companies and some experts have noted that the widespread administering of a vaccine will actually result in a further spike in glove demand, ” he added.

Shares in Top Glove and Hartalega are trading close to their record valuations based on 12-month forward estimated earnings, according to data compiled by Bloomberg. Analyst price targets have failed to keep pace with rapid stock gains.

Cameron said that “analysts are still behind the curve in updating their estimates, which is why the stocks look expensive on a headline basis.”

Most of the analysts “still underestimate how high margins could go in this environment, ” he added.

Northcape’s earnings estimate for Top Glove for the fiscal year 2021 is more than 60% above the Bloomberg consensus estimate. This puts Top Glove on a forward price-to-earnings ratio of just 23 times, Cameron said. That compares with 37 times based on estimates of analysts tracked by Bloomberg.

“There are very few companies globally which can deliver anything close, ” he said. - Bloomberg

https://www.klsescreener.com/v2/news/view/686389/a-more-than-100-jump-in-glovemakers-shares-can-run-further

“Note that the impact of higher ASPs is extremely strong on earnings. We expect Top Glove’s 3QFY20 earnings to surge 88% to RM218 million from RM116 million in 2QFY20,” it said in a recent note.

https://themalaysianreserve.com/2020/06/09/top-gloves-earnings-surging-more-than-double-in-3qfy20/

Rotational play going on... sell supermax and buy top glove??

TG result out June 11 during lunch break

9.25 tie with kossan

waa .. what's going on with harta up so much +1.2

lai liao .. bye bye $16

glove counters very bullish leh .. even careplus average results also the stock didnt tank

Cheers .. Supermax overtake kossan

Singapore glove counters opening up up up

China Focus: China to make COVID-19 vaccine global public good: official

Wang Zhigang, minister of science and technology, said however that the development of vaccines is a rigorous and complex procedure, which faces many uncertainties and may take a long period of time.

http://www.xinhuanet.com/english/2020-06/07/c_139121567.htm

China Focus: China to make COVID-19 vaccine global public good: official

Wang Zhigang, minister of science and technology, said however that the development of vaccines is a rigorous and complex procedure, which faces many uncertainties and may take a long period of time.

http://www.xinhuanet.com/english/2020-06/07/c_139121567.htm

"It is a multi-year story for the glove makers, and not just a blip,” said Maybank Kim Eng head of regional equity research Anand Pathmakanthan.

“What the market has missed is the structural flow through from what has happened. The world will never be the same again, especially the healthcare sector,” said Anand.

Speaking at Maybank Kim Eng's Invest Asean 2020 virtual conference today, Anand said with COVID-19 cases being reported unabated across the world, there will continue to be a need for rubber gloves.

This leads to a spike in demand for the product, he said, adding: "This then results in higher utilisation and better economy of scale and definitely a lot better pricing power.

“People are going to be much more cautious about treatments and what medical equipment they use going forward to ensure that contagion does not happen again and gloves are going to be an essential part of that,” he said.

Anand noted that many parts of the world have been slow in getting onto the rubber gloves bandwagon or are satisfied with low quality gloves or vinyl gloves.

But now, they are scrambling to upgrade and increase the volumes of gloves they buy, he added.

https://www.theedgemarkets.com/article/its-multiyear-story-glove-makers-not-just-blip

"It is a multi-year story for the glove makers, and not just a blip,” said Maybank Kim Eng head of regional equity research Anand Pathmakanthan.

“What the market has missed is the structural flow through from what has happened. The world will never be the same again, especially the healthcare sector,” said Anand.

Speaking at Maybank Kim Eng's Invest Asean 2020 virtual conference today, Anand said with COVID-19 cases being reported unabated across the world, there will continue to be a need for rubber gloves.

This leads to a spike in demand for the product, he said, adding: "This then results in higher utilisation and better economy of scale and definitely a lot better pricing power.

“People are going to be much more cautious about treatments and what medical equipment they use going forward to ensure that contagion does not happen again and gloves are going to be an essential part of that,” he said.

Anand noted that many parts of the world have been slow in getting onto the rubber gloves bandwagon or are satisfied with low quality gloves or vinyl gloves.

But now, they are scrambling to upgrade and increase the volumes of gloves they buy, he added.

https://www.theedgemarkets.com/article/its-multiyear-story-glove-makers-not-just-blip

yes 888

close at 8.88 shld be nice .. huat ah

hold on tight tight ...

hold on tight tight ...

Yet another record high for Top Glove and Supermax, keen interest in glove stocks remains

https://www.theedgemarkets.com/article/yet-another-record-high-top-glove-and-supermax-keen-interest-glove-stocks-remains

Yet another record high for Top Glove and Supermax, keen interest in glove stocks remains

https://www.theedgemarkets.com/article/yet-another-record-high-top-glove-and-supermax-keen-interest-glove-stocks-remains

Remember to take photo end of today .. top 2 gainers Top Glove Supermax

Remember to take photo end of today .. top 2 gainers Top Glove Supermax

slowly and surely closing in on Kossan

A rising tide lifts all boats - Koon Yew Yin

https://klse.i3investor.com/blogs/koonyewyinblog/2020-06-05-story-h1508013402-A_rising_tide_lifts_all_boats_Koon_Yew_Yin.jsp

Hold tight tight ... result out next week

lai liao lai liao ... closing in on kossan

Tomorrow we will overtake kossan

CharlesT .. let's do that

8.15 roadblock

awesome .. 15.50 already

Cant wait for supermax to overtake kossan tomorrow

Top Glove result on 11 June. Dont sell people and hold tight tight ya people

https://www.topglove.com/corporate-calendar/?__cf_chl_jschl_tk__=85b298055bf4ba38a2d8a5fc1f4e6f6b9eed81d6-1591247845-0-AfO1WYJV1O1QkbzKU6Nk2CoWtw8Q1m_vp4SoFYj2yLOpLj_HYUqHyrhofT14bjxRWOd1UwH0O1mcpCd-j7X7Z5hGZKEgbnQl_VnLItXTlyitrZi5Ebxwh-DBYlLibeAhxFmI-RItHTy5jw5HlG3mSWmPzLVsa3PYAnPxBsloQ4zMMXLuvr-5BbSUIVRozh2AU46IMFkfvQNQ-LTKbu6fsjI46gkUMkzkL_XYZLVfQtrTLg-Wh4UI2Dm9650P9AF_QhLzr1E_j9NgG9lVqT9extp-75nG8P3J71EvyBg0ZH2L

Supermax will overtake Kossan soon

Break 15

TG result out next Thurs .. buy and hold more supermax

TG result out next Thursday 11 Jun ? If so .. hold and buy more

Waa .. glove counters bullish. Adventa and HLT hit limit up

yessss

breaking 8 ...

i am holding Supermax and TG also . Hope both do well today