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2021-01-14 10:22 | Report Abuse
Glove stocks are overpriced.
And Wee Chai made a mistake buying back with other people's money. He should've allowed the dividends to support the share price instead of giving it all to EPF.
Tropicana shareholders are shortchanged too.
I think TG share price should be around RM4.5 based on historical earnings, and new demand post pandemic
2020-12-31 10:22 | Report Abuse
When KYY says buy, you know it is time to run.
2020-12-31 10:19 | Report Abuse
When shorting begins next year, SuperMax will go down further. As more glove makers come online, and demand normalise, profits will fall.
The game is over.
2020-12-29 16:16 | Report Abuse
No more supercycle earning from 2021. So, stock market looks forward 12 months to 18 months, I think the game is over.
If you've made money, excellent, time to take profits.
2020-12-18 09:29 | Report Abuse
KWAP did not get private placement. Private placement was given out to any CIMB clients.
2020-11-26 08:19 | Report Abuse
Everything is valuation valuation and valuation.
nothing to do with support or not.
Can glove stocks maintain their supercycle profits? no. Will there be a larger demand compared to pre-covid, yes.
But does it justify the share price to go up more than 3x and stay there with TP going even higher than that? I do not think so.
2020-11-20 08:54 | Report Abuse
I would like Top Glove and EPF to stop buying to let the market decide the price. I think, the price would fall 10% down. After three sessions of 10% down, TG would be fairly valued.
The smart money for TG is to not buy back now. But a glove manufacturer is not an investor, so they are making the wrong moves here.
2020-11-19 15:25 | Report Abuse
Supermax is overvalued as the supercycle move towards the end. Supermax can not improve on their EPS post 2022, which means, unless Supermax pays a dividend, their share price will return to the good old days (plus increased capacity)
There are just too many players, and too little margin, when 2022 comes.
2020-11-19 09:15 | Report Abuse
Extreme profits for TG is not sustainable.
- New glove makers in the market, more than 10 new players are in, creating new supply to reduce demand
- Pandemic is ending, within 6 - 12 months. Forward looking earnings will no longer be relevant
- Mr. Lim should give out dividend or spend on their workers welfare (or capacity building). Buying back when market is selling, is not a good way to use capital.
2020-11-17 11:35 | Report Abuse
Still overvalued by 30%.
I think people are silly to buy at these levels.
Once, the pandemic is over, and already more players joining in, the supercycle of profit will be gone.
2020-07-08 09:18 | Report Abuse
I think we should only share constructive opinion on the shares
Criticizing a Malaysian made product shows you lack class and national pride.
I hope AA survives, as AA is a Malaysian boleh company.
If you do not have good things to say, just keep quiet.
Stock: [TOPGLOV]: TOP GLOVE CORPORATION BHD
2021-01-21 15:26 | Report Abuse
Still overpriced.
When a company that is poor at allocating capital, I think the forward PE should be around 5.
And assuming they can achieve 70% of their super earnings cycle, the share is worth around RM4.15. At RM4.15, TG is a good buy.
At RM6, 14% overvalued