@Goldgent, Damn too desperate to promote loss-making, net debt and negative cash flow stock, even showing video from 2015...Haha... Don't worry lah, share price will move ahead of financial performance...

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@Happyday123 Venturing into glove is one thing. Being successful at it is another story. A lot of companies went into glove manufacturing but failed. Only a few survived like TG, Supermax, Harta and Kossan.

Up 1-2% is considered as fly? lol

@Steveleehs What about Genting Malaysia, Genting UK and Genting US? Crowd is good?

@Sinoboy That's why Top Glove is contemplating about listing on HKEX. Many haters in this country can't accept a non-GLC company making RM2-3bil per quarter.

@Snowpiercer Making gloves is not easy task la. A lot of businessman tried to venture into glove manufacturing in the 90's but failed miserably. Only a few survived.

It seems like genting fanboys invest based on news rather than fundamentals. Keep sharing vaccine news in this forum that we're all tired of hearing.

At the end of the day, genting's financial results will speak it for itself. I think Q4 2020 will suffer RM1bil loss and entire 2021 will continue be loss making.

Yeah build more and expand more casinos, no people go end up burning cash and chap lap. Look at Genting HK, sad case.

Top Glove management can consider buying 30% of Genting shares and other recovery stocks and sit on their boards when it has accumulated net cash of RM10bil in FY2021.

Genting is burning a lot of money now and still has a lot of debts to pay. Considering the billions that Genting has lost due to COVID, It will take 5 years for Genting to achieve what Top Glove achieve in 1 quarter. Hahaha...

@IMwhatIM I'm expecting comfort's next quarter's profit to be within RM100mil to RM110mil range.

@choysun good advice.

@JBond007 small retailers won't really impact the share price one la. If I am so influential to depress the price, you should thank me so u can buy MORE too ! After all, we are long term investors ma.

https://www.bernama.com/en/general/news_covid-19.php?id=1912259

Genting Cluster. For those who plan to visit Genting this month, stay cautious so that u don't infect the whole shopping mall.

https://www.malaymail.com/news/malaysia/2020/12/14/dr-noor-hisham-genting-cluster-emerged-after-index-case-crossed-state-borde/1931931

Genting Cluster

@stkoay 670,000 shares out of 8.197b shares.

@notailcatt0 traffic jam to genting to enjoy cold weather and eat ice cream only . genting still suffered RM704,636,000 net loss during recovery MCO.

Most likely will continue to make loss for the entire 2021.

Yeah...hold until drop back to RM3.8...

Faster run before window dressing is over.... 3182 will return to its actual value of RM4. Will drop more tomorrow as big funds continue to dispose off this loss making and cash burning company...there is no shortage of casino in the world....

Top Glove is coming back ! Gogogo! Fundamental prevails! Net cash and profitable as fuck!

Long term investors hold on tight. Time to sapu....

@ Markv572421 net cash RM3.5bil, will be RM5bil next quarter.

Seems like there are many retards that want to talk down Top Glove when they have saved the lives of millions of healthcare workers by providing them with PPE. Providing employment to 21,000 workers, paid high income tax and contributed to tabung covid.

Seems like people get very agitated when a foreigner security guard died of COVID. But when Genting caused many people to bankrupt and commit suicide, they're fine with that. Hahaha...

Take profit first and buy back at lower prices... GenM still making losses and burning cash everyday...I went Genting 4 times to support during RMCO but still suffered RM700mil loss in Q3. UK and US covid cases are out of control now, vaccine not 100% effective. International travelling won't come back until at least 2022.

RJ87 yeah I agree. Long term investors aren't worried about short term fluctuations. It
s very obvious JPM has a hidden agenda... Will add more if below RM6...Otherwise I'm happy with what I have la...not gonna chase high on recovery stocks...

RM6.45 is a good price to enter to secure 10% dividend yield next year (with potential capital appreciation) as Top Glove PE will be single digit for a very long time. If drop below RM6 Berkshire Hathaway and Fidelity will come to invest already. Hahaha...

https://www.theedgemarkets.com/article/covid19-vaccines-do-not-remove-need-wear-masks-gloves-keep-distance-%E2%80%94-chief-physician

The increase is too fake...still loss making and cash bleeding and full of uncertainty...

Up due to window dressing and not fundamental... Time to do a bit of profit taking...there is definitely no shortage of casino in the world right now...

@ChaseBros great write up. all these are facts. thank you.

Bila PN17 ini? dah refund customer belum?

@choysun If u confident with GENM, buy lo, if not then don't buy lo. Nowadays loss making and cash bleeding companies share price can up one...profit making company share price go down... :) so maybe GenM can go up further, even exceeding pre-covid price.

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@birkincollector hope limit down tomorrow. Can buy more at cheap prices. Already standby.

@ChaseBros Great sharing. Bangladeshi can fuck off if they don't wanna work here. Employ Malaysians instead and can pay them RM1.8k to RM2.5k per month.

The US authorities already warned people with allergies not to take half baked vaccine. Let's say half of the US population takes the vaccine starting tomorrow (approx. 150mil people) It will take up to 6 months to 1 year to fully vaccinate the whole American population. That means the borders will be closed for international travelers the rest of 2021.

During the period of vaccination, I predict there will be a lot uncertainty and chaos.

First of all, people will take this virus less seriously knowing there is already a vaccine, hence will start to party/travel/go out/yumcha and increase infection rates.

Secondly, the vaccine does not have 100% effectiveness, which means that out of the 150mil people who get the jab, about 30mil-40mil might be re-infected with Covid. The 30mil-40mil would then infect those people with allergies (and didn't take the vaccine).

Thirdly, this vaccine only took 9 months to approve, which means they are not unable to conclude whether the immunity will last more than 9 months. That means, there is a possibility that a person who received the jab could be re-infected 9 months later.

Throughout the period of vaccination, people who receive the vaccine might die/fall really ill as well, raising the concerns about the safety of this vaccine. Scientists/doctors will need gloves to investigate/research again.

Our beloved director general of health, Dr Hisham, said that Malaysia would only be "covid free" if we have 0 zeroes for 28 days consecutively. Based on the rising cases in Malaysia, that is a distant dream. Until then, borders will remain close to internationally travelers. Even if our neighborhood Singapore will not advise Singaporeans to visit in Malaysia.

The two analysts from JP Morgan got something wrong with their thought process la, since they are so confident with the vaccine, maybe Malaysian Gov should jap these two people first with the half baked Pfizer vaccine that Trump threatened the FDA commissioner to approve.

UK also simply approve the vaccine, just took the findings from Pfizer and relied on that fully. Good luck to the British people.

Genting Singapore doing pretty well...3182 is on the way to recovery...hope can hit RM5 next week...

I heard few people's died or mulut senget after they have been injected the Pfizer vaccine? Can anyone help me verify this is true？

If US goes ahead to jap this half baked vaccine on most of its population, I think we know how to recognize a American in the future! All mulut senget! Trump will probably say, "it is what it is'!

In terms of JP Morgan's largest holdings in Top Glove, Woi dont tell people la, I already uplifted my FD last week to average all the way down to RM5 leh. I recall the day Supermax went from RM16 to RM20 in one day leh.

GENM's NTA/share and cash by quarter result (can be verified by quarter reports published by Genting's website):

Q4 2019 : 3.27 , RM6.4bil
Q1 2020 : 3.16 , RM6.4bil (after 1bil loan disbursed)
Q2 2020 : 2.92 , RM5.9bil (full lockdown)
Q3 2020 : 2.71 , RM3.7bil (during RMCO)


Q4 2020 : 2.5 ? , RM2bil ? (CMCO)
Q1 2021 : 2.3 ? , RM1bil ?

Assuming Covid-19 cases in Malaysia continues to hover around 1k-2k cases per day, GENM needs to raise more funds to sustain operations, which means stealing from its future. Genting Berhad is probably a better because it's more diversified.

Ready your bullets next Monday. 12.12 sales for Top Glove shares.

I'm skeptical about this rushed Pfizer vaccine. When you read the news, read the content and not just the header.

Trump threatened to fire the FDA commissioner if he didn't approve the vaccine today, that's really horrifying to me.

Desperate times will lead to desperate measures. God Bless the USA.

Here's the article:
https://abcnews.go.com/Business/wireStory/white-house-presses-hahn-approve-vaccine-end-day-74676636

@choysun I already said I own stocks in Genting. I'm also looking forward to Top Glove's RM10bil profit in 2021 leh.

PBB is the best bank in Malaysian in terms of asset quality. Glad to have purchased a few lots at Rm15-RM16 range.

@goldgent GENM will limit up to RM3.5 next Monday ! Will make RM2.4bil every quarter !

Re-opening of overseas operations does not necessarily mean GENM will make more money. You can open your restaurant, but if u don't get enough customers u end up losing even more money/burning more cash than shutting down completely due to the overhead costs. This is common sense and also applies to airline/f&b industry.

Casinos can only make good money when high rollers go and gamble and there is a massive influx of tourists from all across the globe. Going to GPO and eat ice cream won't significantly improve Genting's profits also. UK/US economy is in shambles now, honestly speaking, do u think it will go back to pre-covid levels anytime soon (i.e. RM250mil-RM500mil profit per quarter)? We don't even know whether trump will hand over his presidency to biden next year.

Pre-covid price was around Rm3, and now is RM2.7. Why would I bad mouth Genting? I own stocks in Genting too, I'm just sharing my views. I can say GenM's 2021 result will be better 2019, but everyone will know it is a lie.

The crowd at Genting Malaysia is quite miserable now...a lot of empty car parks and many shops not opening possibly due to COVID cases around that area. I think Q4 2020 will be challenging quarter for GENM with around RM700-800mil losses, hopefully it can recover starting from Q1 2021 as I'm looking forward to the outdoor theme park...NTA getting lower and lower by the day...

Rushed vaccine is not a good idea... Americans and Europeans at getting infected with COVID at an alarming rate, daily death rates is also getting higher and higher...they totally gave up on social distancing measures already and trump is not sharing information from president elect biden...feel very sad for them...not sure what are the long term effects on their bodies after injecting that half-baked vaccine...

In my opinion, Supermax, comfort and top glove are the most undervalued glove stocks right now. All trading below PE15 with net cash position. On the other hand, banks are a overvalued right now as they have almost reached pre-pandemic prices.

Bossku songlap 2.6b, TG makes 2.4bil net profit in 3 months. BBB = bukan biashe biashe

Top glove is expected to generate RM2bil PAT per quarter in 2021. Based on simple effective rate of 24%, it needs to pay roughly RM2bil + tax to government coffers, on top of the donations it had already committed to tabung covid. It also employs ten of thousands of Malaysians from all racial backgrounds. Something for Malaysians to be proud of.