uptrend soon, steady guys

ekovest has been sleeping for too long, going back to 55 sen level? Other share like WCT MCT already going up

seriously topglove is under value, those who think topglove is going back RM3-5 for the next year , please dream on. lol

Medical glove has been a rising demand for the upcoming years, after this covid 19 situation more and more medical SOP will require glove in place.

Is not something you can replace it from, plus population is growing every year. Thinking the price will still be RM3-5? dream on haha

I wont be surprised EPF is accumulating as well this few days , as the latest news they sell on 30/11 however today its 3rd. I suspect they start accumulating back below RM7.

Sell at RM7 + ,buy back below RM
7. You guys can keep selling :)

Seriously what makes you guys think glove is over after there is vaccine?
Scientist cant confirm whether vaccinated will the person get reinfected and etc.

They have also confirm covid 19 will be here for years until 80% of the population is vaccinated.
Even in Russia , so called they have vaccine but still rises in cases.

After this pandemic , in fact more SOP will come into place such will substantially will increase in demand of glove.

Recently bad news all around medical gloves sector, we shall see once the factory resume , tentatively mid of December 2020. Is either you invest base on sentiment or facts.

2021 will be a fruitful year for Top Glove

i dont know where you guys receive information about ASP goin down.

But the true fact is ASP is gradually going all time high by this month.

https://www.theedgemarkets.com/article/nitrile-latex-could-hit-alltime-high-month-raising-glove-production-costs-70-qoq-%E2%80%94-kaf

@wehcant Why not open a paper on why there was an outbreak in Sabah earlier?
I suppose the Government is expecting that every foreign worker is entitled to stay in a 3-star accomodation kot.

Yeah, if maintaining a foreign workers have to require at least a 3 star accommodation , i think many company are in trouble right now , cost will increase and malaysian product may not be as competitive compare to other country manufacturing .

I also dont know why attack topglove, they have been contributing so much tax and donation to the country .

We should not tarnish a local brand company, instead we must support.

https://www.marketwatch.com/story/some-disneyland-staff-say-they-struggle-with-homelessness-and-food-insecurity-2018-03-01

speaking about employees benefit, even Disneyland staff goes homeless.

SunTzu1668 Gloveisover OMG
https://worldofbuzz.com/just-make-the-factory-look-closed-top-glove-em...

Even Trump can’t prove anything. Ridiculous to base on these messages

This look so fake, look at the conversation if im working in topglove , if im sending a text message to my colleague , i wont specific write "TG factories" .

Minister Sabri already clarify , there factory is still close at the moment. Probably another fake news circulating around

Currently covid 19 is everywhere, i wont be surprise other factories has even worsen conditions compare to topglove, are they tested as well?

It is too common nowadays , even country like Japan, such a neat and follow SOP country and yet they are rising in cases again.

History repeats itself again, always bad news , panic sell , eventually it will rebound back up.
I heard other factory are ramping up their production to cope will the supply for the time being.

Top glove will come back stronger, soon you will see a lot of positive news once they resolve this problem which in coming weeks

Top Glove said it had spent some RM20 million purchasing 100 units of apartments for workers over the past two months to ensure that they adhered to Act 446.

It added this was in addition to having previously invested in 100 double-storey houses and hostels with full facilities, including in-house canteen, automated teller machines, barbershops and minimarts, worth an estimated RM50 million in total.

Fast recovery coming soon :)

https://www.freemalaysiatoday.com/category/nation/2020/12/01/top-glove-hints-hr-ministrys-action-does-not-match-stated-stand/?fbclid=IwAR1c4WZRMN4fBznZd0f2HZF-izJB9DgDHpvN2HbrPO5zDWUNs2LmsNERejk

chill , this probably came from the remaining test as last week announced.

I believe this was set to announced today. We all know the 28 factories temporary closed until 14 December .

The question is how topglove going to get up stronger, covid 19 is already very normal throughout the whole world.

At least they are taking the necessary action to fix the covid 19 , i believe they will come back stronger as before.

Some of you guys talk as if the business is closing down permanent .
I can tell you that, when ministry start to aim other bigger industry factories, definitely there will be another foreigner cluster there.

A lot of people spread panic news as if the factory is permanently closing down.

Topglove will come back stronger !

For me I will hold . Is not over tho.

I foresee slow down in production , most of their staff already isolated since last week.

Cases surge is due to massive testing and etc . But everything under control since last week during the EMCO.

They close down due to sanitisation. I believe by next week the operations will be slowly recovering back .

This MP is a joke , when company make money why punish them with tax ?

You should encourage them for further expansion, grow the industry to be more competitive in the future .

Let it stay competitive , creating more jobs for the local and etc

True looking at the numbers of cases in the US , even factory in the US workers have the covid 19 , the rest of the staff will still have to go to work , no such thing as lockdown and etc .

They just requires you to wear mask .

lol so many fake news here.

Glove is still shortage in the market , ASP is trending higher

Covid 19 cases is on the rise as well. Those who spread negativity may sell to the share , but look at the brighter side

A lot of people spread negativity here , share is a long term investment . Yes unfortunately topglove face this covid 19 challenge , but they doing whatever it takes to resolve it .

As far as I can see, they have fully test 5700 staff , now they know who is infected and who isn’t . Is good that they can sort things out now then later.

I foresee it will be a strong recover next week , remember guys this is not permanent , just temporary. With the government helping them , they will be back in no time .

So trust the process :)

Check out topglove latest comment , temporary close 16 factory for sanitation.

All 5700 staff have been completely tested on the covid test , only 1000 test positive .

The remaining staffs will be back in operations soon .
Maybe a bad week for topglove , but next week onwards good momentum :).

@agjl yeah but this will only affect short terms results, the world is still rising in covid 19 cases.
But i believe TG will do whatever it takes to get the factory up and running, i dont think it will close very long , since they have started EMCO last week and massive testing for their staff too.

The ministry wants them to properly sanitize the factory before opening it up again. I believe factory may need 1 to 2 days closing?

Chill guys, topglove factory is still operating . Just that close down on schedule basis for sanitization and further testing if require .

Those cases appear from the previous 5700 staff , but most of them has been isolated.

This would be just a short term affection , dont worry guys is not permanently close down.

lol everyone waiting to buy cheap,

trust me this is not the end , 28 factory closing on schedule to sanitization and covid 19 checking .
They have another 20 more factory is running .

chill guys, closure based on schedule only.

Lets see how it goes, may slow down the production, but it is still up and running :)

@boringguy

But dont forget they also have been hiring a lot of staff to replace workers who are in infected.

Unfortunately this happen in topglove factory , but this is a lesson they can learn to improve the situation in the future.

So far i heard they didnt slow down their productivity, everything is run as usual just that with tighter SOP

Those cases where outside the topglove factory, the factory itself is fully running and free from covid.

Positive cases came from the teratai district , all topglove workers has been tested covid since 2 weeks ago, those are positive already in care and those who contracted with the positive quarantine.

In fact top glove staff is helping the teratai community to provide them foods and also control to help the situation outside the factory.

you may search it in their topglove facebook page. :)

Don’t forget also a lot of staff previously contracted the covid , recovered as well .

Sooner they will go back to 100% capacity .

Actually is under control already , they have isolated all the staff who is contracted with Covid 19.

They have started this movement 2 weeks ago , where they undergo quarantine and Covid test .

I believe this cluster is got to do with the surrounding neighbourhood.

last few days , I believe IB had bought a lot of TP shares, to be ready to bomb next month expired warrant, you may see tomorrow or next week onwards will be limit up time soon.

https://www.freemalaysiatoday.com/category/nation/2020/11/19/windfall-tax-will-kill-dynamism-of-private-sector-say-economists/

not going to happen

Ya , not many people is volunteering to take vaccine tho. Even medical frontliner doesn’t want to risk it , basically whoever took the vaccine will be the white rat .

We don’t even know this vaccine will affect birth rates , growth and etc . Don’t forget it’s a new type of vaccine , MRNA , which genetically modify your DNA.

Yeah glove stock wouldn’t react as the same like before .

This people think every time vaccine news drop 10% , why yesterday vaccine stock didn’t go up ? I wonder.

A lot of people knew the vaccine will be approve for emergency use only , it will take few more months to be tested only avaible to the public .

Besides that , survey shows only 50% of the people willing to take the vaccine. If you think the virus will be gone soon , I don’t think so .

Another challenge is distribution for this vaccine . Now there is so many uncertainty.

But what we know now is , the virus is daily high , Glove demand continue to surge higher than before , ASP going higher , next quarter profit will be huge.

@tm9999 i think it will go back to neutral or lost before closing . A lot of investor is dumping the share tho.

Look at moderna , soon enough pfizer and biontech will drop as well. After the vaccine announcement you can see that it doesnt react like last time , suddenly increase 8 to 15%.

Lets see how glove share react with this pfizer news, it assume it wont drop 10% like last time as well.
Perhaps -1-3% in the morning and go back green in the afternoon.

FDA will only approved emergency usage. They wont allow it to the public available until it get tested for months or years.

I think everyone knew about this, thats why biden administration is focusing on social distancing , small gathering , mandatory mask and tighten SOP. Vaccine is just for emergency use only

For those who keep talking about vaccine news, the moderna share price drop to -4% , what are you waiting for? all in already lo , 95% le haha

Instead of those people who keep blasting glove counter, why dont you take your money invest in pfizer ,moderna and biontech.

To let you know moderna now is dropping - 2.4%, time to buy. go go go.

Ya , some people here thinks every time vaccine news drop 10% lol, continue to dream on.
If everyday vaccine news, like this the share will go below RM 3 which is super under value.

The vaccine news has been started last week, we already know vaccine is there , rate at 90 to 95%. But there so many uncertainty whether it will work, the only thing we know ,

nitrile glove is still shortage until 2022 , ASP going to go higher looking at the daily high infected cases worldwide.

and we also know top glove is going to list in HK stock exchange, more expansion to come.

For those who think EPF and topglove SBB is stupid, think properly lol. People have a team of consultants , financial analyst and etc.

Russia said they have a vaccine which has a 92% success rate, on the other hand what is really going on is here

https://in.news.yahoo.com/bad-russias-covid-crisis-packed-025900294.html

Please read guys. They started injecting vaccine 2 months ago.

Top glove may have something behind its sleeve, that EPF and boss know only.
We can argued about vaccine news , limit down and etc.

But EPF and Topglove SBB every single day.
Is either you fear it and sell your glove share or you can continue support for long term.

PPE items becomes very in demand after this pandemic , a lot of medical SOP has been revise rubber glove will not be the same as before.

Even in the future, people will tend to be more careful , hence glove will continue to grow thanks to this pandemic.

@ares123G, lol if you see a company CEO announced a "great news" but sold the share in the same day. You believe it works? If I am announcing something that i can make a lot of money , why would i sell my company share away? lol

Warren Buffet , pick few company to invest thats all. But he doesnt know how and when the vaccine is available to the market.

But if the vaccine so called works , from last week announcement , pfizer share should be uptrend ,however it still remains at its USD 36.

Because there is a lot of challenging to sell this vaccine to the public, it may benefit certain group of people in the country . But you are forgetting the virus is all around the world.

The question is how long does it take to vaccine everyone and to eliminate the virus?
Most likely scenario is more people will get covid before they can get the vaccine .

@8888_ i dont think it will happen, if they want it to happen , it already happen 3-4 months ago.

I believe the finance ministry had discussed with the glove company , they have share the impact of windfall tax and to make sure Malaysia glove maker stay competitive and attractive for investors.

That is why they came to an agreement of donation of RM400 Mil.

@ares123G, if vaccine were really approved, just look pfizer moderna and biontech, the share price gradually is going down more than up.

and 6 days ago, pfizer CEO sold 60% of his share during the announcement , common sense that the vaccine is not ready to sell anytime soon.

A lot of people is speculating now , how can a vaccine so called "safe" within few months of testing.
Most of the vaccine take years of trial and error, tested side effects and only available report to the public.

The pfizer announcement earlier ago, is just purely a marketing scheme for its share price. One week ago mentioned 90 % , after moderna mentioned 95% , two days later they follow the same rate.

Lol

@tm9999 , this is from 2018, a lot of SOP change by then.

now we are dealing with a super contagious virus. Not your normal kind of flu lol

Pfizer have a huge problem for its transportation vaccine , even it is 95% not many places easily accessible for this vaccine.

Biden administration will annouce mask Will be mandatory soon. More PPE will be coming .

And this vaccine approval is for emergency purpose only , is not ready for the public yet

Nowadays covid 19 is like a norm, basically you can recover it within a week or 2.

Nothing to worry about, as long is under care and surveillance

EMCO nothing, topglove is still running their factory.

Just that only affect 3,900 workers. but they have been tested 3 days ago.
Those negative will start to go back to work already. basically it can be solve very easily.

They have not reported, but most of their production is almost running 100% capacity, only maybe last few days it got affected only

one of the share holder bought share yesterday, tomorrow announcement more directors will buyback their share for today.

when you guys spread panic news, the management all happy, happily collecting.

As we know the ASP and glove demands continue to surge. Think about 500k daily infected cases.

Last time 250k also ASP fly so high, now double the people getting infected. Top glove one year profit can easily beat those bluechip profit for 4-5 years.

lol EPF sell other shares but still remain invest in topglove as potential growth is there.

Once Topglove listed in HK , topglove klse will fly.

IB will start buying back all the share. it happens again. lol

i wont be surprise the next few days go back to RM8