when can go 3.00?

1.56....

start down....

1.07.....

The Group’s pre-tax profit for the current quarter had improved by 75% to RM32.6 million from
RM18.6 million reported in the preceding quarter.
Improvement in pre-tax profit was contributed by:-
 39% and 25% increase in FFB and CPO sales volume respectively; and
 23% and 21% reduction in FFB and CPO unit production cost as a result of 42% and 46%
increase in production volume respectively.

9.00 vs 10.14

after split..RM 6

Next target Rm 11.00....

supermax

wait

sell first

soon 11

Yes still cheap, next quater profit higher

BUY/Target: RM10.50

Top Glove reported a record high quarterly net profit of RM103m in 4QFY15, well above expectations, on the back of a steep 6% qoq depreciation of the ringgit against the US dollar and an 8% qoq increase in sales volume. Going forward, margins could sustain at current levels on improving production mix and productivity gains from its automation drive. Current valuation continues to lag behind peers. Maintain BUY with a higher target price of RM10.50.

rm 10 soon.. pls on board before late

sell lari first

yes,,next quater higher...RM 11 also no problem...

banker target price from9.50~ 10.80... why sale? now only 8.80...wait...

We raise our FY8/16-17 EPS forecasts by 27%/23% as we raise our EBITDA margin assumption (+3-ppt) on higher productivity. We also introduce our FY8/18 forecasts. Consequently, our TP is raised to MYR10.80 (+19%), based on unchanged +1SD to mean PER of 19x (20x previously). The stock will continue to outperform in the next 3-6 months given its positive earnings outlook and proposed bonus issue which will improve trading liquidity. Trading at CY16 PER of 15x, the stock is cheaper than Hartalega (24x) and Kossan (23x).

Revise our TP for Top Glove upwards to RM9.70/share (previously RM9.30). This is based on a higher CY16 EPS of 48.5sen. Downside risks include: 1) weakening of USD/MYR, 2) increase in raw material cost, 3) subsidy rationalization of natural gas, 4) increase in minimum wages, 5) delay in expansion plans, and 6) increase in price competition. Total upside for the stock is +17.6%.

rest for next step..today already up RM 0.35~0.40...

Converstion 1:15

We lifted our TP from RM6.62 to RM9.49 to reflect changes to our forecasts as well as changing of PE multiple from 15x (3-year historical average) to 20x CY16 EPS based on +2SD above its 3-year historical average P/E (similar to Kossan). This is also in-line with FY16 PE of Hartalega and Kossan.

Correspondingly, our TP is upgraded from RM9.16 to RM10.60 based on unchanged 20x FY16 revised EPS (slightly above its 5-year historical mean average of 18x). Top Glove’s historical valuation at peak earnings averaged at between 23-27x PER. The PER valuation of Top Glove (16x FY16E PER) has lagged its peers and it is trading at an average 25% discount to Kossan (22x FY16E PER) and Hartalega (26x FD CY16 PER). We consider the underperformance as unwarranted. The valuation gap should narrow when we consider that Top Glove has similar/higher total capacity and net profit level compared to Kossan and Hartalega. We like Top Glove for: (i) its ability to evolve from purely a dominant latex-based rubber gloves producer into a higher margin nitrile-based products producer, (ii) undemanding PER valuation at discount to peers, and (iii) solid management.

Rm 10 soon,dont throw

PE=Share price/ earning per share

Low

KOSSAN PE 32
HARTA PE 35
IF TOP GLOVE PE 30, PRICE =30X45.36=RM 13.60
IF PE =20 X45.36=RM 9.07

Banker estimate profit 70-80 m, but actual 100m..

Dividen increase 4 sen , to 20 sen

Profit 103m..YTD 280m, historical high..

On behalf of the Board of Directors of Top Glove, Hong Leong Investment Bank Berhad wishes to announce that the Company proposes to undertake the following:

a bonus issue of up to 630,697,962 new ordinary shares of RM0.50 each in Top Glove (“Top Glove Shares”) (“Bonus Shares”) on the basis of 1 Bonus Share for every 1 existing Top Glove Share held on an entitlement date to be determined later (“Proposed Bonus Issue”);
the establishment of an employees’ share grant plan of up to 15% of the issued and paid-up share capital of Top Glove (excluding treasury shares) for the eligible employees and executive directors of Top Glove and its subsidiaries (excluding dormant subsidiaries) (“Proposed ESGP”);
an increase in the authorised share capital of the Company from RM400,000,000 comprising 800,000,000 Top Glove Shares to RM800,000,000 comprising 1,600,000,000 Top Glove Shares (“Proposed Increase in Authorised Share Capital”); and
amendments to the Memorandum and Articles of Association of Top Glove (“Proposed Amendments”).
The Proposed Bonus Issue, Proposed ESGP, Proposed Increase in Authorised Share Capital and Proposed Amendments are collectively referred to as the “Proposals”.

Kindly refer to the attached document for the details of the Proposals.

This announcement is dated 15 October 2015.

buy buy buy

We expect EBIT margins to improve 0.5-1.0ppts in 4QFY15 on the back of a better product mix, a stronger USD andincreased operating efficiency due to economies of scale from higher manufacturing utilisation rates, as well as better yields from further automation drive. Thus, we expect 4QFY15 earnings to be c.MYR86m-88m, which are markedly higher than consensus estimate of MYR73m.

Last year 4th Quarter profit 45m. This year profit sure 80m~ 90m.
3rd Quarter profit 72m, usd 3.6-3.7..
4th Quarter USd range 3.7~ 4.1, i think profit will more than 3rd Quarter

Why up down so fast..

not down...but kossan fly higher

The Board of Directors wishes to inform that the Company will be releasing its fourth quarter financial results for the period ended 31 August 2015 on Thursday, 15 October 2015.

This announcement is dated 8 October 2015

buy before late

harta pe 36 ,kossan pe 30 break hisorical high..top glove PE still 22, if PE go to 30
target price RM 10.50

RM 1.00 soon..

1.60 soon

next target 1.07..
0.815 support.....

RM 3...

slowly move up...usd=4.35

Waiting rm2

target Rm1.00

us market down...hopefully supermax tidak kena virus

yes..soon rm1.00

supermax nasib tidak baik...baru mau move ,crisis