So, steady lar. RM30 will come.

@Huat Huat 46 cent not happy meh....yesterday drop only 42 cent. Tomorrow and Monday Supermax more power. It will carry TG along, if it goes up tomorrow.

if you think you cannot tolerate the risk, then wait until bonus issue or after QR. Supermax QR out this Monday.

@Miracle
of coz can still in...but higher risk
Must always weigh gain vs risk.

@dique15 i think selling price too low.

RM0.07 per piece X 1000 = RM70 = USD16.67

I take your Aug ASP RM0.13 X 1000 = RM130 = USD30.95

Data show Aug ASP is already USD40+.

What happen to March to May is that some old stock were ship out. So lower ASP which equates lower revenue.

@dique15 show us your calculation

@geary not assumption leh...from The Edge article on the link.

Gonna put the summary 1 more time:

https://klse.i3investor.com/blogs/freetospeak/2020-08-06-story-h151155...

PAT expectation for rally to continue:

TG - 866 million quarter
Supermax - 312 million quarter
Harta - 476 million quarter
Comfort - 151 million annual
Careplus - 87.92 million annual
Rubberex - 18.8 million quarter
Kossan - 243.5 quarter

If not tomorrow sure got show. Huat ar!!

This evening got show because Supermax announcement QR out Monday.

https://klse.i3investor.com/blogs/freetospeak/2020-08-06-story-h1511558505-HOW_MUCH_GLOVE_PROFIT_TO_SUSTAIN_RALLY.jsp

PAT expectation :

TG - 866 million quarter
Supermax - 312 million quarter
Harta - 476 million quarter
Comfort - 151 million annual
Careplus - 87.92 million annual
Rubberex - 18.8 million quarter
Kossan - 243.5 quarter

I really don’t care what ppl says. Their rights. But talking about politic? Don’t go there. Leave that until GE season.

Coz I can really say a lot of things about politics but it’s nothing beneficial.

Eg. Short term gain, long term pain.

Pls let’s not get into politics. Anyway, gloves stock goes up bcoz of coronavirus. Nothing to do with the government

@batman666 5 number only woh. Toto 6 number woh lol

just ignore that guy lar
just came out from tanjung rambutan
nothing we can do.

@didioil132 ok 80% OEM 20% OBM

@didioil132 TG is OEM...you sure got your facts right?

https://twitter.com/Atomicalandy?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

Look at the way this guy talk man - "Well they didn't try very hard"

Communication is two way. They didnt try hard, you go try hard lar.
Hiding behind twitter is cheap man. Come forward and talk like a man!
Go call The Edge lar. You no phone number I give you.

The Edge Communications Sdn Bhd
(+603) 7721 8000

https://www.freemalaysiatoday.com/category/nation/2020/08/05/top-glove-to-refund-rm50-mil-in-recruitment-fees-to-its-foreign-workers/

Supermax QR maybe next Monday. That's why supermax flying. After Supermax QR, the fund will come to TG. Patience lar.

Add me pls!! TQ

OK i am learning the IB style lol as highlighted by LHS888. More realistic haha. The KYY style, freetospeak style, yttihs style, all look bloated haha.

yttihs style :P :

Capacity 78,700,000,000.00
Quarterly Capacity (Glove count) 19,675,000,000.00
Glove per box 1,000.00
Quarterly Capacity (Box) 19,675,000.00
Normal price per box (USD) 30.00
USD to MYR 4.20
Normal price per box (MYR) 126.00
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

Assuming production cost didn't increase:
3.4 billion - 1.266 billion = 2.134 billion

PAT = 2.134 X 0.75 = 1.6005 billion
EPS = 1.6005/2.7 = 0.593

59.3/13.59
= 4.36x

Thank you, thank you. 'blush blush'

Ok lar...lets use freetospeak and KYY method:

Closing on 11 June 2020 is 16.70 (Honestly, I don't which date to take, haha.)

KYY Style:

If PAT:

600 m -- (0.6/2.7)/0.1359 = 1.62 X 16.70 = 27.31
700 m -- (0.7/2.7)/0.1359 = 1.91 X 16.70 = 31.90
800 m -- 36.41 (I use Excel. Skip typing all the formula)
900 m -- 40.96
1,000 m -- 45.51
1,100 m -- 50.06
1,200 m -- 54.62
1,300 m -- 59.17
1,400 m -- 63.72
1,500 m -- 68.27
1,600 m -- 72.82
1,700 m -- 77.37
1,800 m -- 81.92



Freetospeak Style:

Qtr 2: 5.85 with 115,683m profit
Qtr 3: 17.22 with 347,895m (~2.94X-3.00X)

rise to:

26.00 with expected profit 347,895 X 1.51 = 525,277.00m
27.00 with expected profit 347,895 X 1.57 = 545,479.97m

... (to TP100 to long already. So cut short grandma story)

40.00 with expected profit 347,895 X 2.32 = 808,118.47m
....
60.00 with expected profit 347,895 X 3.48 = 1,212,177.70m
...
100.00 with expected profit 347,895 X 5.81 = 2,020,296.17m



Wah..."yao mou"?

But I remember IB give TP32 at 1.2 billion PAT woh.

Anyway, great promotion!!

@playmaker hahaha. Disclaimer: Buy at your own risk. I no sifu. Support some mood in this forum only.

@geary i know lar. But shiok sendiri a bit mah. Shiok auntie uncle abit mah. Must do like corporate - advertisement a bit mah. Otherwise, how to increase sales, hahaha.

Please don't criticize like that. Politely ask him lar. You must allow ppl to explain. The way you criticize is nothing more than a barbarian

Actually I am still thinking. He used the whole

(whole quarter revenue X 1.1) - (whole quarter production cost)

This is the part I am confused. Can someone good at accounting or manufacturing explain a bit?

@geary okok. You good auditor hahaha. PBB style. :P

That is a good spot by Siow Teck Ong.

Lets recalculate for KYY (reworked):

Average Revenue = 1688/3 = 562.67
Average Production Cost = 1266/3 = 422

Jun 618.93 - 422 = 196.93
Jul 680.83 - 422 = 258.83
Aug 748.91 - 422 = 326.91

Total = 782.67
PAT = 782.67 X 0.75 = 587.01
EPS = 587.01 million/2.7 billion = 22 sen

22/13.59 = 1.62x

Like that calculation, we all can throw already. Something is missing with this model.

lol

I prefer my model:
Capacity 78,700,000,000.00
Quarterly Capacity (Glove count) 19,675,000,000.00
Glove per box 1,000.00
Quarterly Capacity (Box) 19,675,000.00
Normal price per box (USD) 30.00
USD to MYR 4.20
Normal price per box (MYR) 126.00
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

Assuming production cost didn't increase:
3.4 billion - 1.266 billion = 2.134 billion

PAT = 2.134 X 0.75 = 1.6005 billion
EPS = 1.6005/2.7 = 0.593

59.3/13.59
= 4.36x

Wah still TP 100 right? Hahahaha

@winwinvest their QR comes first, naturally, they will run first. Don't red eye lar. They good means we good and vice versa.

@geary hahaha...just say yes or correct lar...you want this boat tenggelam issit...hahaha

joking :P

@Uncle Koon

If you are reading this, please teach me, or at least tell us, how you arrive at quarter revenue X 1.1 without dividing 3? Some special reasoning? My math is poor. Please help.

@geary verify for me :P

KYY calculation is not wrong. Except that he didnt factor in production cost increase. But all calculations sure got assumptions. So, it makes sense.

@investmalysia Mercedes cheap car lar. Got money buy Aston Martin. Hand made limited edition.

@investorbat then make sure will buy insurance :P. Beat die already must call wife TT to you "yam si ji" profit haha.

Now is Supermax time. Just hope Supermax QR will shine. Then we ride together with Supermax to RM30.

After Supermax QR, Supermax will ride with us to TP40!!

If Harta today turn green, don't know what story IB will tell.

Sure say:
"Future very bright lar. Demand more than supply lar"

@investor77 37.00 is easy leh. Eg. 37/3 = 12.33 only leh.

15.00 X 3 = 45.00 !!

Supermax broke 20.00!
TG will play catch up!
GoGo

A lot of harta gang, jumped ship to supermax.

Suddenly careplus and comfort and hlt no more volume.
All ikan bilis scared.

OMG...the 'toh sui gah' went back to 19.XX??
No sense one ah...

Diu no chance top up!

@Yu_and_Mee what happened?

So, my take is simple. This Harta always have FLAT revenue chart.
https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5168

As TG and Supermax, seen to be going up 3X-4X.
https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=7113

https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=7106

But the sentiment is real. So, adjustment is expected.

Hopefully, next week Supermax QR release. And TG can ride together with this brother up all the way to 30.

So, I am topping up later this afternoon.

But it may not even break RM25. If you want to top up, pandai pandai lar.

RM23 unlikely. RM24.XX is possible.

@miracle I expect adjustment. But will rise again. So, good time to top up.