wah gemfinder, you are here also ah??? u really want glove price to go down so much leh. i didnt buy any glove yet but now i know glove got some value ald. when a bit low then i will hoot kao kao!
I think one of the biggest mistake the JP Morgan analyst done is they thought the current ASP has been price into the Quarter Report.
For everyone information, if you place an order with Top Glove today, the ASP maybe is USD90-USD100 per carton, which is equivalent to RM400 per carton (1000 pcs). But this order TopGlove will only fulfill by maybe Q4'2021. That mean, this RM410 per carton sales will only reflected in Q4'2021 or Q1'2022.
For current quarter Q1'2021, the revenue show in the report is reflecting the ASP during Apr-May'20 period, at that time, the ASP is around USD55 per carton, equivalent to RM220 per carton.
If you take Topglove current quarter revenue to calculate, it would be RM4,759,253,000 / 21,250,000 carton* = RM223 per carton.
*21,250,000 carton is derived from 85bil pcs / 4 quarter / 1000 pcs per carton.
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Posted by gemfinder > 2020-12-12 20:18 | Report Abuse
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