If didn’t break 19.1, it’ll go up

Support is at 19.1. Break this support heading 16.6 and 15.1.

Uncle KYY has spoken
https://klse.i3investor.com/blogs/koonyewyinblog/2020-07-16-story-h1510577388-US_Custom_Border_Protection_CBP_banned_import_of_gloves_from_Top_Glove_.jsp

The closing price is 19.70...not 21.24 sad.

@besmart they won’t stop lar. Their objective is to create unrest the buy cheap

The one thing I agree with Tan Sri, they we're never given a chance to prove. So, this whole drama, may have something fishy behind the scene.

If I am Tan Sri, I will just suspend until matter resolve...No room for opportunist haha

If Topglov under China...China will just say fk you US. You don't want I sell to someone else

Wow that Andy Hall really sounds very proud man...

Yes cloud!! I support you!

@stockraider cannot sustain? you got read report or not? tell me how much US revenue is?

Honestly, I am very confident with TG producing good QR report.

The problem is just these few days due to those margin/contra players sentiment. If these few days won't go up, they sure sell.

All-in-all, if you dont sell also I dont see you losing money. Eventually it will rise back after this drama ends.

@stockraider You go check again now...

If you read the zoom briefing, 12.5% revenue is affected.

Math time:

1.2 billion X (1-0.125) = 1.05 billion net profit

How long can that excess sustain? You check Amazon..."Not available"!

Yes, US will sure lift the ban one...WRP is a good example. They not that stupid lar...they need glove. But the crisis is on these few days.

That's why I said, even you don't sell, you won't lose money because eventually it will come back up. You cannot deny the exponential growth on it's net profit.

The consideration is if you sell, are you selling at the right price? What happen it rebound when you sell? Can it go down enough that it covers the brokerage fees after you sell?

Best strategy IMO, is to see tomorrow's sentiment.

I am more concerned with those margin/contra player. They sure sell. Whether it will bounce back will depends on how many ppl will sell.
Everyone hold tight tight, price won't drop much. Sell like crazy, price will go down rapidly.

Regardless, it will rebound. If you don't sell also, you won't lose money. Coz fundamental is strong.

The reaction is these few days lar.

The moment it comes up, it will be faster than rocket.

It's obviously a show to buy cheap lar...what else?

Actually this circuit breaker is a life saver. Looking at TG Sg, it's not that bad.

It's a good time to cool our head down. I bet US will lift the ban very soon. Shortage of glove is real.

RM18 looks like a good price.

Tan Sri should just revenge...once clear ASP rise 50%

@zigzag tell them to hedge their pharma or whatever at TG now...later "ja" (waste) also no more if they keep playing pharma.

@peter most important is the fundamental...the expected net profit this quarter is RM1.2 billion

If hit, then the bull continues

Top Gainer - No 1 TG

Sliver drop...investor sure come back....lol

Today Red Team boss told them to disappear...dont disturb market lol

Oi...Green Team...make some noise lar...today our turn

The bull is back...with a vengence!

If chart can win you money, you won't be sitting here talking to us

GoGo TG!!

Let's do some math

Capacity (max) 78,700,000,000
Quarterly Capacity (Glove count) 19,675,000,000 (capacity/4)
Glove per box 1,000
Quarterly Capacity (Box) 19,675,000 (quarterly c/1000)
Normal price per box (USD) 30.00
USD to MYR 4.20
Normal price per box (MYR) 126.00 (30 x 4.2)
80% capacity is normal price 1,983,240,000.00
20% capacity is spot order (X3) 1,487,430,000.00
Total revenue 3,470,670,000.00 (3.4 billion)

I let you work out the operating expenses.

Note: I am using only USD30. It is expected ASP to rise to USD40.

We are actually expecting RM1.2 billion net profit but if achievable

@taylor it's both...you need someone to buy in order for someone to sell. Its more meaningful to look at the movement.

You sell only if you are a feng shui master who can tell the price is going to go down real hard and you can buy back at low price. Otherwise, a better strategy is to top up if you have extra cash.

Look at all the TP from the IBs lar. This is clearly a profit taking activity. Like KYY wrote, you can sell but can you be sure you sell at the right price...what happen if it rebound sharply after you sell?

another 20 cent discount...15k lots traded.

last 10 min trading volume will be interesting

So now IB is quietly collection between 22.00 - 22.08

From observing l-v, there are ppl dont want the price to go up. But ppl also put a roadblock to avoid it from falling below 22.00

it indicates generally ppl who bought today is losing money.

@jungleboy volume weighted average price

VWAP is around 22.32. So closing price should be close.

Look at the volume lar, it's so alive. The volume indicate collection mode. Will go up either tomorrow or Monday.

Share market isn't an easy game.
OTB tried the best of in his judgment to guide you via his experience.
You subscribe to him then have some faith in him.
In times of prosper or decline, he is still trying.
So stop your crap lar.

Now, steady...Luke still training with Yoda. He will return in The Return of a Jedi!

Now, The Empire Strikes Back! Vader - No!!!!

Wah lao eh...all red...comfort green

@pBlue profit taking and washout.

See? you buy just now...now earning already. probably 1.00 per share ah. Fast money man...

Look at the selling volume lar...double digit liao...just now triple digit...means selling pressure easing...time to buy

1.00 discount still not happy meh...if it goes back up you straight gain 1.00 woh...

I managed to top up...you pBlue? Got top up?