Posted by Hootkao00 > 2020-12-12 21:00 | Report Abuse

wah gemfinder, you are here also ah? u really want glove price to go down so much leh. now i know glove got some value ald. when a bit low then i will hoot kao kao!

Posted by Morpheus61 > 2020-12-12 21:17 | Report Abuse

That creep gemfinder is a paid IB stooge

Posted by EngineeringProfit > 2020-12-12 21:20 | Report Abuse

Operators aka the House had..over disposed

....too much in retailers' hands now

How to recollect the tickets?

Pay JP lah...hehe

Posted by information > 2020-12-12 21:22 | Report Abuse

TG order cancellation started, now 3% as reported
Lead time coming down for nitrile gloves from 660 days to 500 now
Next qtr all will vaporize

Posted by EngineeringProfit > 2020-12-12 21:24 | Report Abuse

See....the House always win

....control everything.....

stockpiling to stock disposing

It's their calls

Posted by Morpheus61 > 2020-12-12 21:28 | Report Abuse

Brilliant assessment buddy. This manipulation needs to stop. Why is it that the system is designed to favour only the Investment Banks in every sense of the word? There needs to some regulation to atleast make it seem like a level playing field for the retail investors.

Posted by EngineeringProfit > 2020-12-12 21:31 | Report Abuse

Need to understand.....bacl to history....share was supposed to be sold among insiders only

The problems now all because outsiders want to buy in (although allowed but they subjected to insiders' manipulation....sad)

Posted by koolset > 2020-12-12 21:32 | Report Abuse

information, where you get the 3% cancel order info from?

Posted by information > 2020-12-12 21:46 | Report Abuse

koolset, refer here

https://www.reuters.com/article/top-glove-results-idUSL1N2IP0MI

Posted by JN88 > 2020-12-12 21:48 | Report Abuse

information : looser you will not get cheap, monday is last day..buy before too late... join the boat...

Posted by Foker > 2020-12-12 22:26 | Report Abuse

Adding to Number 8. It is extremely ridiculous for JP Morgan to use the cost of capital argument. The cost of capital argument only arises when you are planning to raise capital.
Now, if you have excess cash lying around, the proceeds should used to fund capital expenditure that generates returns over the hurdle rate. That is the right move.

To suggest that Topglove should instead borrow money and declare the cash as dividend is stupid. In effect, JP Morgan is calling for companies to raise debts to pay dividends.

This erroneous argument proves the two analyst at JP Morgan is not qualified to issue analyst reports and should have their license revoked.

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 EngineeringProfit > 2020-12-12 23:22 | Report Abuse

ROE for Insas is still at infancy. Wait till the time comes, they'll do some creative accounting to give a double digit one....

.....then only fly lah

Wait and watch first

Insas was my favourite oso

Posted by JN88 > 2020-12-12 23:23 | Report Abuse

ARE JP MORGAN invloved in 1MDB case?

Posted by EngineeringProfit > 2020-12-12 23:23 | Report Abuse

No need to be too early to arrive at party lah

Posted by JN88 > 2020-12-12 23:24 | Report Abuse

JPMorgan Avoids Fine in Malaysia Fund Scandal

Posted by JN88 > 2020-12-12 23:24 | Report Abuse

1MDB, JP Morgan, Swiss private bank, money laundering
FINANCE Thursday, 21 December 2017 18:49
J.P. Morgan Snagged by 1MDB

1MDB: What Next for Scandal Bankers?
Finma's Harsh Spotlight
Singapore Reflects on 1MDB Trauma

PDF

J.P. Morgan's private bank was sanctioned for its involvement in a billion-dollar corruption scandal at Malaysian sovereign wealth fund 1MDB. The American bank will get an on-site monitor as a result.

Posted by supersaiyan3 > 2020-12-12 23:28 | Report Abuse

The 3% cancelled order was mainly due to delay of supply caused by temporary closure of factories.

Posted by supersaiyan3 > 2020-12-12 23:29 | Report Abuse

Anyone has JPM's valuation reports?

Posted by stockraider > 2020-12-12 23:35 | Report Abuse

I M AFRAID IT IS NOT SO SIMPLE JUST CANCEL ORDER LOH...!!

THEY ARE SOME LEGAL COMPENSATION ISSUE TO FOLLOW THRU BY THEIR CUSTOMERS LOH...!!

Posted by supersaiyan3 > Dec 12, 2020 11:28 PM | Report Abuse

The 3% cancelled order was mainly due to delay of supply caused by temporary closure of factories.

Posted by jolow > 2020-12-12 23:36 | Report Abuse

top glove have to air freight rather than ship
dieloh.

Posted by stockraider > 2020-12-13 00:00 | 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."

Posted by Morpheus61 > 2020-12-13 00:02 | Report Abuse

Wow so desperate these IB dogs

Posted by Gaussian > 2020-12-13 00:04 | Report Abuse

I believe my Bangla workers can replace the 2 sohai JPM analysts. Lol

Posted by Albukhary > 2020-12-13 00:28 | Report Abuse

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.

Posted by greedy44444 > 2020-12-13 00:37 | Report Abuse

So many glove haters...envy of ppl earning lots of money ??

Posted by Unidentify > 2020-12-13 01:22 | Report Abuse

Comparing glove with palm oil. Palm oil have substitute, glove don't have.

Posted by Unidentify > 2020-12-13 01:26 | Report Abuse

JPM: Retail and foreign participation are at all-time highs. It is thus difficult to find incremental dollars to drive this sector higher

???!! Does this means the Retail and foreign participation are at all-time highs, so it is very hard for us to goreng up?

Posted by wbwanabe > 2020-12-13 01:57 | Report Abuse

Actually these operators disposed TGlove but got caught short because TS has been consistently mopping up their shares either through company SBB or via their own personal capacity. This is causing a major panic amongst the operators because of the coming call warrants due. They wanted to further press down the glove company shares but since they had run out of bullets, they come up with unsubstantial articles to cause panic, hopefully inducing a lower price because retailers throw them or due to margin calls. They are cunning to only target Tglove because of TG position as the industry taikor plus TG happened to have lots of unfavorable news recently. So be careful, do not fall into their traps.

To prove my points, just count the numbers of call warrants due in December - hartalega, kossan, smax and tg. It is ridiculous how Bursa allows them to issue that many CW, every week there are sure some due. For these exercise, I would choose to use TG, Smax, MBB and PBB because they are actively traded and garner the most attention in recent months. The total combined numbers of CW for TG and Smax are 59 whereas MBB and PBB have a total of 19 CW. Then calculate the cash settlement prices and you would know the IBs are losing their pants in recent months because the exercise price and ratio were set too low for Smax and TG. They do not have any issues with MBB and PBB cash settlement prices. That is why the IBs would continuously come out with ridiculous articles and amplified the negative news to their advantages. Then count from Mac, April and May 2021 onwards. You would be shocked at the "expected prices" they have set forward for Smax and TG. My question is "what gives?". What caused the change from a lowly TP of rm3.50 to rm12 (and higher than rm20). That time you would see the true colors of IBs because they would come out heavily to promote what they had decried earlier and they would also give fantastic valuations and TPs. There is no love lost in business, to each, his own. Hence please do not take my word for what it is, do your own homework and derive your own conclusions from it!

Posted by liewtz06 > 2020-12-13 02:34 | Report Abuse

JPM has 9.8%of Topglove and over 6% Harta in their portfolio. Let see if these numbers increase or decrease after 31st Dec, then you'll know if they are spoofing or walk the talk. If they really think the tp is 50% of current price, they should have sold at least 50% of their holdings if not all.

Posted by slts > 2020-12-13 05:34 | Report Abuse

https://www.youtube.com/watch?v=uN_ZVKtZgPE&feature=youtu.be

Posted by slts > 2020-12-13 05:37 | Report Abuse

if foreign buys of tg gloves see tis video, habis lah

Posted by EngineeringProfit > 2020-12-13 07:21 | Report Abuse

Tarnish the image of TG = tarnish the image of Msia.....

.......but the backdoor gomen, traitorman and assman are busy with babee movie trivialities (small men focus on small stuff)

Not serious matter like this one

Posted by slts > 2020-12-13 08:05 | Report Abuse

yaloh, if they bark, jus giv them angpow
than all close both eyes

Posted by PureBULL ... > 2020-12-13 09:03 | Report Abuse

Posted by PureBULL ... > Dec 13, 2020 8:40 AM | Report Abuse X

Professional words: NOBODY'S SAFE TILL EVERYONE IS

n not everyone in the world dares to take those imperfect vaccines.
like all pandemic, it disappeared by itself. this giant PANDEMIC could take 3 years more.
GLOVES truly can help, n should be given a premium valuation not just tech stocks.

The best proven medicine : Everybody must take care n stay SAFE as the circuit.breaker


ttps://www.themalaysianinsight.com/s/289389

Posted by Morpheus61 > 2020-12-13 09:31 | Report Abuse

JPMorgans holding percentages are % of their own portfolio. Not % ownership of the company. The world would be a better place without crooks and Bursa would be a much better place without JP Morgan, Macquarie and their ilk

Posted by slts > 2020-12-13 09:34 | Report Abuse

i hope most of u dont take the vaccine
so that i have good chance of getting jap asap

Posted by slts > 2020-12-13 09:37 | Report Abuse

.......it disappeared by itself.....

ie wat dornald duck said, n he got a taste of it, haha

Posted by EngineeringProfit > 2020-12-13 10:32 | Report Abuse

Can't beat them. They always succeed in recollecting tickets that they want.....

.....by hook or by crook

Posted by EngineeringProfit > 2020-12-13 10:33 | Report Abuse

no use fighting (trend is your only friend in market)

Posted by Transporter > 2020-12-13 10:50 | Report Abuse

Well Written Article!

Posted by stockraider > 2020-12-13 10:50 | 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 Stockhunter88 > 2020-12-13 11:33 | Report Abuse

Let see how much JPM can sell on next week. MCQ CW burning d

Posted by herry168 > 2020-12-13 12:06 | Report Abuse

Everyone also wish & pray for covid 19 end soon, but nobody kow when is the time for fully recovery..dont tell 2021/2022 or 2023, tomorrow wat gonna happen we also dont know..u can look gd to your analysis but dont look down on virus covid 19, vaccine out is gd for everyone, but doest mean vaccine is elixir..even vaccine only 10 months old, how long can sustain vaccine immune still a question mark..dont forget nation n worldwide covid cases raising everyday..comply sop stay at home is the best way to kill the virus , by the way i wish Jp morgan can sell 3.50 on glove market, i am ready here...huat la..

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

U do not need to know exactly when covid19 is ending, just sell early b4 too late mah...!!

Posted by herry168 > Dec 13, 2020 12:06 PM | Report Abuse

Everyone also wish & pray for covid 19 end soon, but nobody kow when is the time for fully recovery..dont tell 2021/2022 or 2023, tomorrow wat gonna happen we also dont know..u can look gd to your analysis but dont look down on virus covid 19, vaccine out is gd for everyone, but doest mean vaccine is elixir..even vaccine only 10 months old, how long can sustain vaccine immune still a question mark..dont forget nation n worldwide covid cases raising everyday..comply sop stay at home is the best way to kill the virus , by the way i wish Jp morgan can sell 3.50 on glove market, i am ready here...huat la..

Posted by herry168 > 2020-12-13 12:12 | Report Abuse

U want sell just sell la..u think is too late just go ahead n sell la.lose money nvm ,dont lose confident, huat la..

Posted by stockraider > 2020-12-13 12:18 | Report Abuse

The more gloves fall....the more confidence u lose loh...!!

Better sell early b4 too late mah...!!

Posted by herry168 > Dec 13, 2020 12:12 PM | Report Abuse

U want sell just sell la..u think is too late just go ahead n sell la.lose money nvm ,dont lose confident, huat la..

Posted by EngineeringProfit > 2020-12-13 12:19 | Report Abuse

Come 2molo? everypne sell to catch back 3.50










........hehe

Posted by herry168 > 2020-12-13 12:19 | Report Abuse

If just for gambling just go genting which is more faster, investing is long journey..if u able bear the risk in what you invest into the company , you already know the value before you invest in..market is open everyone , u can decide your self..i wish JPM can queue cheaper to sell on market, huat la..