Come come come, Tan Sri buyback again.....

(not that I wish Tan Sri to support share price, instead buyback will become dividend in the future)

csan wrote a good passage on harta. Its a bit unexcited to wait 2 years for a 2 baggers though (at this moment).

I think a good message from his article is increasing cost will weigh on profit. However, increasing cost will also 1. restrict competition from smaller players/newcomer, 2. further increase ASP due to scarcity of good quality gloves.

The glove runs now seems much longer than previously expected. I think if the pandemic peaked near June 2021, then maybe the glove runs may last till 2025 +-.

chopstick, action is more important than words.

Bornfree, its 2040. Must memorize, don't cincai. Keke

Let's work out the numbers:

Boss did say need to grow 30 times. Let's say this FY revenue 6b (I know in fact it will be higher), x30 is 180b by 2040.

180b is about USD45b which is not enough to be fortune 500 companies.

TG need USD60b revenue at least to be qualified.

In fact to grow 30 times in 20 years is not easy, unless meteor brings in more pandemic more often. (FYI, CCP blames US, Vietnam, Italy, Spain etc brought in the virus, the latest being meteor)

Can't wait until market opens.

Gogogo!!!

之前賣完了晒冷手套股，現在趕在業績出來前買回來。

哪位大神預估了業績？歡迎分享。

我幾個月前算的是EPS=2，懶得再算。

如果再有更多的錢，考慮買回母公司Ecoworld。

祝大家好運。

KY made mistake in his calculation again. Before and after right issue EPS must be diluted mah.

Anyway, next QR we shall see EPS RM0.50. Per annum is RM2.00. That's make Supermax RM20-40.

The Maybank report is at the (most) conservative side.

1. PE 9 times on 21E. That's the lowest you could give to the largest company in an industry. The range is anything between 9-30 times.

2. Estimated Net Profit 1b coming QR. The range is anything between 1b to 1.5b.

3. 11.2b 21E NP. Like!! Peaked at Q2 21, that's as far as we can see it now. Who knows about the future?

Once TG overtake Maybank as the largest cap., maybe Maybank can take it easy.

Now no.2 market cap. RM10.10 to beat Maybank. Hope Maybank rises, keke.

Look at the bright side, now is a practical drill to avoid zombie virus.

Happy to be part of the coming Malaysian 1st.

Soon, we will surpass Singapore in many ways. Nowadays, maybe a lot of people see the political arena as chaotic, but in fact it is democracy in action.

加一點：疫情若在兩三年完結後，雖然售價會下調，但是比較目前，公司也已經擴張了二至三成。目前有八間廠在建設中。

I think the working condition is acceptable. Just build some more toilets.

當時作了一些研究，作了一些猜測，如今結論依然是一樣。

死者當天想要把過去撇開，重新開始。在校園走到頂樓時，脫去鞋子，赤足步行了很長的距離。走到海邊，一方面想解脫，一方面想重拾信心。趁四野無人，脫衣裸泳，但天色已晚，游出後分不清方向，最後溺斃。

安息！

High level of automation surprises me. Gogogo, TG.

Next year listing at HK.

Wow wow wow.

Tan Sri says end of month / early next month overtake Maybank. Wow wow wow

DickyMe, you anti-rich people huh? Farking loser.

Not a bit of worry. ASP still going up, those who said glove is over is brainless.

When ASP flat or dropping, maybe they can say that.

Guys, well done! Monday got more limit can push up more.

COVID19, bankrupt MQ. Like!

today tg and sx combined trading value must be over 2b. Amazing.

漲三塊，漲三塊。

漲三塊，漲三塊。

Need to switch some accounts to Affin bank oh! Small but decent reports.

JN88, Ikan bilis united, nice one.

Europe outbreak again, France and Spain has more than 10k case again. Support glove to save lives.

Buy, buy, buy! No more bullet already.

I hope my other stocks' QR is good, then I will sell others and buy more TG.

Some people like uncle doesn't have money to topup, margin call so they sell and buy back, sell and buy back, sell and buy back....keke

I think the drop is over. Sad I didn't buy enough. I think the whole thing is engineered when brokerage house force sell due to right issue, negative spiral happened then.

https://klse.i3investor.com/blogs/shareseatreasure/2020-09-09-story-h1513406475-TOPGLOVE_Massively_Undervalued_Not_worth_RM126_but_much_more_than_curre.jsp

Very good article.

Jangan takut. 22.14 coming to save us. Keke

My rank in the stockpick contest goes up again. Finally positive. Lol!

Dirt cheap, dropped 1/2 in 2 weeks? Where is 22.14 saviour? Or it is weak holder??

China group not likely lah, money difficult to come out, they are short of foreign currency.

Parksafe changed name, don't know what happen??

Bull valuation RM20.40, bear valuation RM5.4. Next week MQ will switch to Bull again.

Amazing! Despite all the good news, MQ managed to downgrade.

0 mark

JBond007, yup.

I learned the following,

1. Boss is like Trump (in fact most of us are like that), he thinks share price reflects his success. So, just relax.

2. CIMB did a diagram reflects blended ASP is rising 373% between feb 20 - dec 20. Sky high valuations. But their forecast still the same as 3 months ago, maybe they will update it once QR is out.

3. Now we know for nitrile Sep + 20%, Oct + 20% and Nov + 10%. However, raw material price increases as well. I agree to some smart traders that raw material shortage will prolong price hike for nitrile glove for a longer period of time.

4. I am very happy to see smart and truthful investors like freetospeak, pB, gloveHARIcut, etc. Enjoy the journey.

Hi, GloveHARIcut,

I noticed the following,

1. CIMB haven't update their forecast yet, maybe after the QR.

2. In this report, blended ASP +373% from Feb to Dec 20. If the analyst incorporate this into their forecast, then even CITI's valuations look cheap.

3. 1.3b profit before tax, 1.1b after tax.

Sky is the limit.

Well written. 100 mark

Today huge volume, smart money starts coming back.

Buy buy buy.

Apa takut. If lose, double up again.

Philip, there is a big problem in your assumption. If you think Supermax double its profit every quarter, then in a year it will be 16 times growth, one way to value it will be 1600 times PE. That will be roughly RM1000.00 Per share. If you do a DDM, NPV, etc whatever 201 stuff you will get "infinity" as an answer.

I am quite sure nobody think Supermax worth RM1000, yet.

Supermax only need RM800m next QR, then slowly towards RM1b profit. At 20 times PE, assuming 4b net profit per annum, that will be 80b market cap. That will make Supermax worth slightly more than RM30.

(At RM2 a share, if Supermax make 4b profit, that would be PE of 1.4?? Possible, but not probable. )

Choivo, I got Supermax and glove fairly early too. What i mean is to advice you to do the calculation just as you did with Airasia. Don't jump into conclusion without working it through.

Let the numbers speak. Kossan, Harta still talking about USD30-40 ASP, Supermax is aiming USD280 now. Kneel to figures.

Remember bitcoin? Monopoly money can worth USD30k.

My guess is a half year pandemic will consume 2 years production of glove. It looks like it will go on for another 9 months at least, that will create excess demand for another 4 years at least.

kens88, don't worry, its only because of the right issues, a lot of supporters of supermax and topglove faced margin calls as 1/2 to 2/3 value of their stocks taken away.

Tomorrow we shall push back.

gogogog!!!

I disagree, based on:

1. HY is a trap (or collateral damage, it was never the intend of the owner to make money from goreng?), the owner from China make up the numbers, get loan, and reporting bad numbers even since. Evidence by top directors + CEO resigned (immediately after something goes wrong). JAKS (in JAKS, the owner never say they can make so much money, only KYY+ talk about their ambition), SENDAI got net cash?

Bear in mind i said similar thing about HY even before the rise. I hate to earn dirty money like that.

2. I think you are making a mistake without study in depth on the company, the technology, the pandemic, etc (or maybe you did? kindly share your insight). We may defer in opinion/conclusion but at least you study on the company first. I mean, don't talk about sentiment only, in the longer term, its always about the company.

3. Nobody knows about the future, who knows if somebody crash a plane into it tomorrow. However, based on available information, Supermax will do superbly over the next 12 months at least, it is equally risky to invest in the recovery.

4. Even after this pandemic, other disease may come. This is not a one-off event, the transmission is just amazingly fast, and therapy is so difficult. In the future, to prevent such event from happening, worldwide precautionary measure is pushing the glove industry to grow superfast year after year.

You know? China always has weird diseases, swine fever, h5n1 and we Malaysia as a country (and the rest of the world), never allow to import any livestock or uncook meat etc from China, because they will always have outbreak, forever. Only this time this pandemic is so strong due to its manmade nature. They may make more because it looks like they are winning the war.

Its hard to say. 1. Warisan says many things but in fact everything still the same, eg, say no more slot machines but actually its still everywhere. We cannot hide the fact that PH candidates are very weak at getting the government to function. 2. Sahfie did an exceptional job in stopping China flight earliest though. 3. Sahfie appointment of key officer is controversial, ate so much money still can be appointed. 4. Based on observation, Perikatan is on the lead.

A lot of people think our politic is getting more chaotic, but in fact this is what we want it to be, let them compete......

Nice one, well written.

Calvin also so supportive, bravo!!!!

That's pretty much what i predicted. I think Glove will continue to rise for 4 years.

I got both TG and Supermax. This morning suddenly got margin call, forced to sell off all remaining holdings. I guess some of you are like me.

Another dirty trick of brokerage house.

Can’t wait to buy back.

Yup. TG Gogogo!

Frankly, shares available for sale only 1/3 of Outstanding or market cap, sure demand is stronger than supply.

Nvm Supermaxian, they need to learn. Even stockraider can learn slowly.

I was in doubt also, but when I did the maths myself, I am convinced. Supermax next QR will earn 30c post BI and this is a highly likely event. It may be affected by strong myr a little bit and slightly higher material cost but the general trend is there.

This pandemic is a very serious event. Unlike SARS or MERS or AIDS, it is extremely hard to contain, you talk to your friend for 5 minutes you catch it. (I have no doubt it is being engineered. ). (Probably out of good heart though, they want to know is it possible to cure AIDS through another virus. ). (Don’t be surprise AIDS is defeated after this).

So for another 2-4 years, it is very good for glove producers. First, supermax and topglove! Because they are keen to increase prices. Next will be kossan and harta. Steady, folks.

人比人氣死人！賈伯斯做了幾個手機，拍了幾部動畫，也許很牛，但也只是一位非常成功的商人。

馬斯克完全超過賈伯斯，是完完全全的另一個層次的高大上。馬斯克做太陽能、電動車、殖民火星，目的是提高人類物種的安全系數，順便解決了人類幾百年來解決不了的大問題，比如說車禍、疾病和生存。

現在馬斯克搞「人造人」，挑戰人類智慧、能力與生命的極限，不是賈伯斯可以比得上的。

More people will swing to Muyhiddin then.

Tesla is great, now Neuralink blowyourbrain.

So far, Elon Musk is the greatest human ever live.

Glove will soon have a rerating, 100 times PE coming.

Supermax coming 4 quarters make RM2.50 a share, 100 times PE = RM250.00??

Topglove coming 4 quarters make RM2.50 a share, 100 times PE = RM250.00??

One other thing, what Airasia has been doing is actually not true innovation, semi-innovation maybe?? They incorporate available technologies into new application which is destructive (rather than disruptive, because they are selling cheap) to the industry.

Isn't it a negative-sum game in every industry Airasia enters?

I used to think Airasia is disruptive, however I change my view after Airasia gets irrational by wanted to kill MAS once and for all in 2018-19. (You can't kill a competitor, a company only dies when the owners are giving up).

A wise shoe salesman （謝家華）once said, if there is only one crazy player (keen on price competition) in the industry/on the table, the whole industry is doomed.

Finally I finished reading it, sort of.

Its a wonderful piece, you should publish it. Hire an editor and put in some pictures, get comments from TF, title is good enough.