Posted by katsul51 > 2020-12-12 22:17 | Report Abuse

In order for us to accept the price downgrade to RM 3.50 could JPM gives the previous price target coverage so that we can compare the change in the revision and its associated assumption then and now.

Posted by stockraider > 2020-12-12 22:28 |

Post removed.Why?

Posted by stockraider > 2020-12-12 22:56 | Report Abuse

STAY ON TRACK WITH INSAS, U DEFINITELY WILL MAKE MONIES MAH...!!

FUNDAMENTALLY VERY SOUND MAH....!!

JUST BUY LOH...!

Get ready for the coming big upside potential of insas in view of its growth potential, value rerating and big improvement in financial stock business mah....!!

Jump in & buy big b4 too late loh....!!

INSAS IS A MISUNDERSTOOD STOCK LOH....!!

IF U LOOK BACK AT INSAS FOR PAST 10 YEARS, IT HAS BEEN CREATING VALUE NON STOCK ALMOST EVERY YEAR WITH INCREASING SHAREHOLDER FUND MAH...!!

THATS THE REASONS WHY ITS NTA GROW FROM RM 1.00 SAY 10 YEARS AGO TO ALMOST RM 4.00- 5.00 AS AT NOW MAH...!!

INSAS BIGGEST WINNER LIKE INARI, CONTRIBUTE MORE THAN RM 1.4B MARKET CAP & SMALLER WINNER LIKE SENGENIC CAN CONTRIBUTE MORE THAN RM 60M LOH...!!

SMALL INVESTMENT LIKE OMESTI & DGSB ARE DOING EXTREMELY WELL LOH...!!

INSAS IS LIKE BERKSHIRE HATHAWAY BUSINESS MODEL LOH...!!

BUT UNLIKE BERSHIRE, ACTUALLY INSAS IS BETTER IT PAYS DIVIDEND BUT BERSHIRE DON'T PAY LOH...!!

THOSE INVESTING IN INSAS IS GETTING COMPOUND GROWTH RETURN AVERAGING 10 TO 12% PA EVERY YEAR LOH....!!

IF U BUY INSAS NOW U R PAYING RM 0.865 FOR A FAIR VALUE OF RM 4.00 IN INSAS LOH....!!

A GREAT INVESTMENT LOH...!!

BUT MOST EXCITING PART THIS INSAS IS GROWING WITH GOOD PROFITABILITY MAH!


Just look at the amazing growth track record of value creation of insas for the past 10 yrs

Sept 2020- Nta Rm 2.75

June 2019- Nta Rm 2.62

Dec 2018- Nta Rm 2.54

Dec 2017..Nta rm 2.49

Dec 2016 ...Nta Rm 2.18

Dec 2015..Nta Rm 1.96

Dec 2014..Nta rm 1.82

Dec 2013 nta..rm 1.71

Dec 2012 nta ..rm 1.51

Dec 2011 nta..rm 1.38

Dec 2010 nta...rm 1.22

Dec 2009 nta ..rm 1.14

INSAS IS GROWING STRONGLY MAH....ONLY THOSE PEOPLE DO NOT UNDERSTAND BERKSHIRE HATHWAY BUSINESS MODEL ARE SAYING INSAS HATHWAY BUSINESS MODEL ARE LOUSY LOH...!!

BUT INSAS BUSINESS MODEL ARE SAME SAME MAH, IN FACT INSAS GENERATE COMPOUND EARNINGS OF 12% PA SAME SAME AS BERKSHIRE WOH..!!...HOW COULD BE BERKSHIRE VERY GOOD & INSAS VERY BAD LEH ??

Posted by supersaiyan3 > 2020-12-12 23:37 | Report Abuse

Take Topglove as an example,

3 times PE? Dividend yield = 19%? Would really like that.

Posted by Stockhunter88 > 2020-12-12 23:38 | Report Abuse

Promote insas until like that a.. Confirm cannot buy d lor

Posted by stockraider > 2020-12-12 23:39 | Report Abuse

SUSTAINABILITY IS THE KEY LOH....!!

THE DURIAN RUNTUH PROFIT IS OVER MAH...!!


Posted by supersaiyan3 > Dec 12, 2020 11:37 PM | Report Abuse

Take Topglove as an example,

3 times PE? Dividend yield = 19%? Would really like that.

Posted by stockraider > 2020-12-13 00:02 | Report Abuse

SOHAI LOH....PALMOIL TAKES 6 YEARS TO BEAR FRUITS BUT GLOVES TAKES 9 MTHS TO START PRODUCTION MAH...!!

WHO IS LIKELY EASIER TO OUR PRODUCTION LEH ?

PALMOIL IS PERISHABLE CANNOT KEEP....BUT GLOVES NOT PERISHABLE & CAN KEEP...WHO IS LIKELY & EASIER TO OVER SUPPLY LEH ??

OF COURSE GLOVES MAH....CAN BE EASILY STOCKED UP BCOS NOT PERISHABLE MAH..!!

"JPM: We can take a leaf from the crude palm oil industry which saw a decade of oversupply post a supernormal cycle in the early 2000s
Rebuttal: Comparing glove with palm oil is again nonsense. Palm oil oversupply is unavoidable as the FFB (which is perishable) from the increased planted acreages have to be converted to oil. But glove manufacturers can shut down production lines when demand drops. So increased capacity does not have to mean oversupply.

And glove is not a commodity like palm oil. The health and medical segment accounts for 69.4% of global glove sales and gloves for this segment command a premium price as quality is crucial. Hence, buyers are less likely to change suppliers and concomitantly price is also less likely to drop. Therefore, the established large glove supplies will have a great competitive advantage over new entrants."
13/12/2020 12:00 AM

Posted by Morpheus61 > 2020-12-13 00:03 | Report Abuse

IB dogs alert

Posted by michaeso > 2020-12-13 10:30 | Report Abuse

Good luck

Posted by stockraider > 2020-12-13 10:51 | Report Abuse

THE DEMAND FOR GLOVES ALREADY PEAK, COUPLE WITH SHARP INCREASE IN CAPACITIES & COMPETITIONS & VACCINES COMING WHICH IS A RECIPE FOR SHARE PRICE COLLAPSE FOR GLOVES COMPANIES LOH!!

TheStar Sat, Dec 12, 2020 08:10am - 1 day ago

Peak gloves

WHEN the price of crude oil was onward to its historical highs, we were introduced to the phrase “peak oil.”

Peak oil was to show how production of crude oil was at its high and why the world will not see oil gushers in the frequency it has in the past. Well production did rise, given the historic prices that made marginal fields, deepwater and fracking viable.

But demand unfortunately did not keep up because the high prices meant the world started looking at alternative and renewable energy.

Like high oil prices back in the day where the oil majors were sloshing in cash, the same now may be said of our glove manufacturers.

The role and importance of gloves cannot be understated in the global fight against the Covid-19 pandemic although there is much room for improvement in terms of how some in the industry handle the welfare of their workers.

Top Glove Corp Bhd’s extraordinary profit of RM2.38bil in the first quarter of its 2021 financial year was symbolic of high demand and prices, and it was more than the RM1.87bil it made for the whole of its 2020 financial year.

There is no doubt other glove companies will be making super-normal profit for some time but it will be unfathomable to expect that trajectory of profit increases to continue.

As the world starts rolling out vaccines and as more people get inoculated against Covid-19, then the catalyst for the huge profits would increasingly get muted. The argument that the vaccine rollout will require the use of gloves is true but much of that will be one time use. The world has a population of 7.8 billion people and 16 billion pieces of gloves, or 32 billion if there needs to be two injections, to administer a vaccine to each and every person. Top Glove alone makes way more than that.

Then there is competition from new suppliers. Germany is starting to make rubber gloves seeing the demand and profits companies are making, which would indicate that the barriers of entry are not high for a business that can be automated to a way larger degree than it is in Malaysia. Then there is the production increase from existing manufacturers and new players just in Malaysia that are entering the business.

The glove players will make more money than prior to the pandemic but how will the supply dynamics change and prices react will bear watching over the long run.

Posted by stockraider > 2020-12-13 11:42 | Report Abuse

Warning!!!!

Quickly leave gloves immediately...!!

Danger Tsunami is coming loh...!!

Posted by Keyman188 > 2020-12-13 12:56 |

Post removed.Why?

Posted by abunene > 2020-12-14 10:47 | Report Abuse

faster cut

Posted by samk > 2020-12-14 11:33 | Report Abuse

https://www.klsescreener.com/v2/news/view/758141/Top_Glove_estimates_dividend_yield_to_be_more_than_6_in_FY21_chairman

top glove dividend yield 6-7% at current price... FYI .. will top up more if drop till 6.00 .. better than putting in EPF

Posted by samk > 2020-12-14 11:38 | Report Abuse

the yield is around 8.33% if drop till 6.00 // start to accumulate guys

Posted by Dannyfyl88 > 2020-12-14 11:58 | Report Abuse

Stockraider is pissing his doom day for Gloves stocks with long illogical writing.
Waste of time. WTF you want? Grinding the crap so we sell and buy Banks Stocks? F off lah...

Posted by Keyman188 > 2020-12-14 12:02 | Report Abuse

Top Glove reports death of worker due to Covid-19, first since outbreak at firm

(December 14, 2020 11:56 am +08)


KUALA LUMPUR (Dec 14): Top Glove Corp Bhd has reported that a worker died on Saturday due to Covid-19, the first death since the outbreak at its dormitories and factories in October.


##https://www.theedgemarkets.com/article/top-glove-reports-death-worker-due-covid19-first-outbreak-firm

Posted by speakup > 2020-12-14 13:05 | Report Abuse

Biasalah.
JP Morgan missed the gloves bull so they very sour grapes just like those here who missed the glove bull. JP Morgan very red eye and jealous see other ppl make money from gloves, so JP Morgan throw tantum and spew out negative remarks about gloves.
Biasalah!

Posted by speakup > 2020-12-14 13:07 | Report Abuse

Tesla PE 1000x how come JP Morgan never downgrade to sell? WHY? WHY? Why double standard when it comes to our beloved country Malaysia? Just when Malaysia got something the West dont have, they envy, they jealous, they talk bad about our gloves. Just like Palm Oil. The West dont have Palm Oil so they bash our Palm Oil

Posted by speakup > 2020-12-14 13:08 | Report Abuse

PN govt should goreng up the gloves sector just to give a tight slap to the face of foreign JP Morgan and Macquire who think they are superior to us local Malaysians

Posted by WinIWin > 2020-12-14 13:09 | Report Abuse

So, you will short sell next month ??????

Posted by ooi8888 > 2020-12-14 13:10 | Report Abuse

JP Morgan only know how to jiak sai...from stockraider

Posted by beso > 2020-12-14 16:17 | Report Abuse

smart ppl left gloves already when record covid cases & record profit didn't cheer the share price, let those 傻蟹 trapped inside. lol