yeah, whats the point selling now.

knowing that topglove has secure high profits for the next few quarter or until end 2022.

@JN88 you should see biontech as well, 13% drop.

a lot of these bad debts have not reflected in the P&L

bank stock will start to run dry once there is slow down in vaccine news.

a lot of SME businesses is closing down, many cant afford to pay their loan and installment. I wonder how much bad debt banks will incurred for the next 6 months

https://www.cbsnews.com/news/who-chief-warns-that-vaccine-alone-wouldnt-end-covid-pandemic/

Glove maker will benefit both way,

Vaccine will be there, people will line up to take vaccine

Even tho there is vaccine, majority of the population prefer prevention rather than cure.

Either way, glove will still continue to grow despite vaccine news. In fact with vaccine news, more company will stock up the gloves, hence higher ASP.

@dimitri

Actually this vaccine news is purely to help trump administration on the US election results . There is a lot of unanswered question to this vaccines, and vaccine companies had been pressure by the fast produce vaccines.

MRNA vaccine is not a regular vaccine, apparently there is no approve MRNA vaccine yet cause it was highly dangerous.

It changes your DNA to fight with the coronavirus, but nobody know this changes might cause other side effect in the future.

Look at Pfizer , Biontech share , heavy selling.

Moderna from 100 USD , drop to 94 USD.

CDC chief said it will be only available to the US public 3rd quarter of 2021.

By the time how many people will get infected and etc.

https://edition.cnn.com/2020/11/15/opinions/covid-19-face-masks-wearing-blumenthal-stark/index.html

After Moderna news , most likely this will be the end of a falling knife.

It oversell since last week as everyone knew the news will announced on 3rd week of November .
I forsee there will be a roadblock for vaccine news, it happens to Sinovac and Russia vaccine.

Lets see how it goes tomorrw onwards.

@JN88

True, the vaccine news is mere a political news for the US elections.
But many people is still getting infected.

And survey mentioning that more than 50% of population would not take the vaccines.

Just check top glove factory will be still operating during EMCO.
More gloves will be require next year, as many people will undergo testing + vaccines.

Also those who took the vaccine, they will have to following check up again.

Finally the news already up, vaccine news has been factor since 2 weeks ago.

Lets see how it will go for the coming weeks. As we know the demand remains strong.

Another 9 mil share buyback, EPF also collected 2 mil share.

Something is brewing behind that we don't know.

Factory are still allow to operate during EMCO, only stricter movement.

TG didnt tutup lar, actually 2 weeks ago they already started testing their staff.

Some of them got it and now having treatment.

As now they are having stricter SOP around the factory. Factory still run as usual, they only close awhile for sanitization. Apparently is only 1-2 factory that got affected out of 40 over

lol dont trust the news by Dr Fauci , during April of May , they said they will have the vaccine ready for the election date. Now its defer to next year Q1 2021.

@jonathanchee

You left out one key important point , even there is vaccine.

How many people would willing to take the vaccine , knowing there will be side effects.
Everyone reacts to the vaccine differently.

keep collecting :)

Those who think glove is over is trying to pull the glove market share down in order to buyback more.

Two months ago , those IB talking about daily infected cases rises, US hitting 50-60k infected daily.
Put very high TP at that time.

But now they are trying to put bad news, on the other hand today the world is having all time high on infected cases. US itself from 50-60k now 120-150k daily.

How is that not a shortage? lol

oversell for too many days.

Hopefully by afternoon it will rebound back.

https://www.topbiotech.asia/

Top Glove will be announcing their newly launch product, Covid 19 rapid test kit.
Stay tuned :)

AmInvest is talking crap in their recent article, mentioning ASP will drop further for the coming months.

But look at the facts , everyday the world is reach daily high covid 19 infected.
US is nearly marking their 200k daily infected cases.

and recently I saw a news by CNN, many states in US is having a shortage in nitrile gloves.

Many had confirm if everything goes smooth, vaccine will be available to the public by next year May 2021 under the circumstances if the FDA approved the vaccine by this year.

There is also a lot of speculation, the virus continue to mutates as some of the vaccine is no longer effective.

TopGlove is also gonna announced their subsidiary top biotech which will be supplying covid 19 rapid test kit.

I believe it will be in the public news by next week or end of the month.
TopGlove and EPF wouldnt consecutively buying the share after the vaccine news.

on 10th Nov, EPF just bought almost 27 Mil shares a day , more buying to come. stay tune

when topglove announced their profit , then all of you will start chasing . lol

Might as well get it now, even topglove is buying back their share at the moment.

In the history, there is no vaccine is likely to get approve within 1 year, quickest also 2 years.

By the way, if a person took the vaccine, they still have to go back for testing after effect of the vaccine jab. Which glove will still on the rise.

I think you are underestimating EPF capability, EPF knew what is topglove 3 to 5 years plan, forecasting sales, next 3 quarter estimated profits and etc.

That is why their confident to increase their stake in TopGlove. A lot of sensible information we do not know in topglove, like Tan Sri already said next 3 years is full order and ASP is gradually going up.

And for those of you who doesnt know, topglove is expanding another 3 more large factory by 2021 which will produce 100 ++ bil glove by end of 2021.

You think glove demand will drop during 2021? look at the world infection rate, is way way higher than 3-6 months ago. lol

And expect US to hit 200k daily infection rate for the next couple of days .

you guys really think the vaccine will work?

1) Pfizer boss sold 60% of his share during the announcement of 90% rate
2) Putin recently came out said their vaccine is 92% rate but last few days Russia all time high infected cases.

Please be more sensible unless you are too dumb to realized the situation. lol

fundamental vs rumors haha

Think about why EPF started to invest topglove for the past few months, I believe TG management has shared the company plan and growth for the upcoming 2 years.

Forecast sales and next estimated quarter profit.

Topglove share buyback shows that they are confident the current price is under value, as analyst expect TG to do 2bil PAT , which i think is doable after supermax/harta QR out last month.

US is expect a rise in cases by next week, after 14 days of the election.

Expected to hit 200k per daily , more PPE will be needed as coming elect president joe biden had already said the main task is to focus on the coronavirus safety measurements.

Likely they will lifted the ban very soon , as to cater the demands of PPE.

@night_shadow.

The current production rate is only meeting 60% of the current demand capacity.
There is a lot of shortage of glove in the market. But when there is vaccine , i believe it will even surge higher.

When this coronavirus pandemic over assuming the next 2 to 3 years, I believe it after this the demand will drop but people will tend to use more glove after this pandemic for safety measurement purpose.

This is assuming if we can get a approved vaccine by next year. But a lot of scientist expect the vaccine to be ready to the public by Q3 of 2021.

If to reach the whole world it will take another 1 - 2 years , and also assuming the virus do not mutate.

Steady guys, think about the next 2-3 years.

The only stock is highly profitable now is still glove.
As Tan Sri said after this coronavirus pandemic , people will start to aware using glove as a safety measurement.

Demand will gradually growth throughout the next 6-10 years.

On top of that, if Pfizer vaccine is doing so well, why does the CEO sell his stock during the announcement?

I will see no vaccine news until next year.

also think about the fact.

Glove is still shortage, 3 years booking order ahead.
Vaccine will take time to develop, based on research, more than 50% of the population wouldn't want to take the vaccine.

The virus will be still going around for at least 2 - 3 years.

I bet tonight or tomorrow Pfizer will say there is some complication to the vaccine etc etc ,
same thing happen with Astra Zaneca vaccine.

vaccine news is such a hoax , I believe it create confident to people to go out and many more get affected from the virus sooner or later.

Eventually there are more people infected and the vaccine is still not ready.
It already happens in Russia, more to come in USA.

The recent share purchased by EPF, I believe TG next QTR profit will surge from 20-30 higher than the last QTR.

Stay tune. For myself is a good time to invest now. I believe by next week it will recover back to RM8.50

lol congrats those who bought earlier.

trust me this vaccine news is political and monetary

Joe Biden had mentioned face mask will be mandatory , and also to tighten the SOP which require more PPE and gloves.

So you think which is more likely to happen.

chill guys, the vaccine news is just a short term good news.
Few days later, it will go back to soundless.

i forsee tomorrow open red, but a lot of big shark will accumulate it, including myself :D

Then when those ikan bilis see going back up, they will chase again. haha

everyone know this vaccine company will announce this and that.

We have this news for a coupled of months, two months ago, Putin announced they have successfully found a vaccine that can prevent covid 19, but two months later Russia rises in cases.

Same goes to Sinovac from china. All this false vaccine is political or monitorial motive.
The vaccine will be ready until WHO approves it which no one can answer it now.

when people bark to sell, that is the time you buy.

Already confirm no more windfall tax, Joe Biden is elected president, which main focus is to tackle covid 19.

Healthcare stock will move until next 2-3 years. The fact is there is no vaccine at the time being.

I believe the US ban will be lifting up very soon.
As president joe biden will focus to battle covid 19, the covid 19 will be increasing 200-300k daily in the US after the election.

More testing is require , hence glove will be even more a shortage. US will do what it takes to tackle covid 19. which mean ASP will be going up again.

I forsee 1.8 to 2bil PAT for the next quarter .

Think about it, why does Topglove want to declare their covid statement today ,
since they have staff getting it since January this year.

and if you read their statement and below, they mentioned there is not affect on their productivity.

Actually today the announced their 17 of their staff getting covid since January this year.
To me they purposely push out this news to pull the price down, I believe this morning TG massive share buyback when it dip below RM 8.

Think about it, more and more covid 19 cases soon.
US will be leading the chart after election, already mentioned they have shortage of Nitrile glove in stock.

The US ban will lift soon once biden took over, his a healthcare person, he will start to do something like Obamacare . Healthcare stock will continue to surge soon.

Be ready guys.

my source told me after 4 PM , it will close high later.

Stay tuned.

Dow Jones went down , it shows that vaccine news and hope is just a hoax.

Prevention is still the only solution for the time being, glove will only continue to surge until next year.
Think about it, a lot of big shark and IB is buying back their share and warrant in the same time.

As in TopGlove boss interview, the ASP continue to move up gradually for the upcoming months ahead

Not many company right now can commit a positive growth and cash cow business for the next 3 years except glove sectors.

By the way , there are many other glove share which is still over price if your comparing the PE ratio.

Rubberex and HLT.

lol hold steadily , this is what the IB and other big sharks wanted ikan bilis to do.

Basically they are doing a heavy correction until the lowest, and it will be push back up soon.

Continue to collect. Dont miss the train.

This happen so many times.

So many panic seller, i remember one week ago before the bonus issue, there is almost 90 Mil share trade in a day closing price at RM21 ++

Based on the bonus issue , it suppose to be at RM10.50. But right now is only RM6.50.
To me , this is a steal for those who purchase it earlier.

Beside that, i believe the share will rebound back to by tomorrow or next week. It cannot continue to fall despite of its results and potential growth for the upcoming months.

Glove is still a hot commodity product , and there is still no proven vaccine available yet.

Remembered two months ago, there is steep fall as well, in the end it recover and move higher.

Nothing to do with vaccine , glove is still require a lot despite the vaccine news.

Even there is vaccine, there will be a long lead time, testing will more crucial at that time.
This is only a short correction , but definitely it will move up very soon