Posted by strattegist > 2020-11-12 15:25 | Report Abuse

red

Posted by Seeyounoup > 2020-11-12 15:25 | Report Abuse

habis glove. run better for now. careplus management never buy back also to help

Posted by keown83 > 2020-11-12 15:28 | Report Abuse

standby at RM3 guys..RM3 is the last bottom

Posted by Seeyounoup > 2020-11-12 15:34 | Report Abuse

please stop at 3 and rebounce

Posted by babo > 2020-11-12 15:55 | Report Abuse

ASPs to drop even as glove demand stays up post-pandemic — AmInvestment Bank
KUALA LUMPUR (Nov 12): AmInvestment Bank believes that while glove demand will stay stable post-Covid-19 pandemic, average selling prices (ASPs) will drop as there will no longer be a rush for gloves.
We reckon that ASP will stabilise at a higher level than pre-pandemic level due to the broader usage of gloves,” it said in a note on Top Glove Corp Bhd today.

The research house’s analyst Thong Pak Leng said it believed that glove demand will remain strong, based on reasons outlined by Top Glove during a webinar, which include a higher awareness of personal hygiene and broader use of gloves beyond the healthcare sector.
In addition, Thong said there may not be an oversupply of gloves after the pandemic, as Top Glove had pointed out that there are key issues in ramping up supply that need to be addressed, including the availability of contractors to build production lines, the shortage of foreign workers and constraint of nitrile raw material.

Top Glove has also allocated 30% of its capacity for spot orders. “The spot orders for nitrile glove have been fully sold for the next three months. Meanwhile, the spot orders for natural rubber powder-free gloves are also increasing due to the long lead time of nitrile gloves,” said Thong.
Presently, Top Glove has a total production capacity of 90 billion pieces per annum.

To expand further, Top Glove has allocated capital expenditure of RM10 billion over the next five years for capacity expansion to double its current capacity by the end of 2025, said Thong. This will be done in stages whereby 14 billion pieces will be added for FY21 and 16 billion for FY22.

AmInvestment Bank maintains its "hold" call on the stock with a lower fair value of RM7.88, adding that the group’s fundamentals remain solid for the next few years.

“We maintain our view that Top Glove’s net profit will peak in FY21 as demand soars from the Covid-19 pandemic with increased capacity expansions. We make no changes to our FY21–FY23 net profit forecasts at RM6.5 billion, RM2.3 billion and RM2.2 billion respectively.

“Our ASP assumptions are US$60 per 1,000 pieces for FY21, US$35 per 1,000 pieces for FY22 and US$28 per 1,000 pieces for FY23 with an average utilisation rate of more than 80%,” said Thong.

Top Glove is currently fourth on Bursa’s top losers list, having fallen 19 sen or 2.42% to RM7.67. The stock is currently valued at RM62.34 billion.

Posted by trap666 > 2020-11-12 16:54 | Report Abuse

habis lahhhhhhhhhhhhhh

Posted by Taeyeon09 > 2020-11-12 17:23 | Report Abuse

Tomorrow time to rebound since continuously dropped 3 days

Posted by Hl123456 > 2020-11-12 17:26 | Report Abuse

Still have faith in Gloves as it is still profitable business for the next 4 QTRs

Posted by strattegist > 2020-11-12 17:51 | Report Abuse

closed red

Posted by Robinhud > 2020-11-12 17:57 | Report Abuse

To rebound need huge drop. Maybe tomorrow.

Posted by Kar Kien > 2020-11-12 18:56 | Report Abuse

TMR will rebound.

Posted by megat36 > 2020-11-12 19:10 | Report Abuse

aiyo....bleeding everyday......no sign of rebound....qtr profit also no use if share price keep dropping

Posted by Taipan > 2020-11-12 19:30 | Report Abuse

Believe China Vaccine not working. See Brazil new cases have started to rise again 48,000 ++.
Believe also there was a fatal case in one of the volunteers.

Posted by Noobee88 > 2020-11-12 19:31 | Report Abuse

Biasalah tu....Malaysian market stupidity...good company but price crash...
Holding ...no issue lah!

Posted by sAhaM2020 > 2020-11-12 19:32 | Report Abuse

Everyday closing price drop. Hope can rebound soon

Posted by Sneakpeek > 2020-11-12 20:14 | Report Abuse

19/10 close 4.04 12/11 close 3.04..haiyaa..talak untung woo.. tomorrow gap down below RM3
12/11/2020 8:13 PM

Posted by aliciachung > 2020-11-12 20:39 | Report Abuse

Drop 2-3 weeks already lo,.... Pls rebound back asap..

Posted by Sneakpeek > 2020-11-12 20:43 | Report Abuse

End of the year more and more big pharma announce their vaccine news. price will keep sliding.. even up also will not like last time.

Posted by GengSaham > 2020-11-12 21:26 | Report Abuse

Soon investors will come back to glove counters

Posted by bb2ualways > 2020-11-12 21:47 | Report Abuse

Yeah. My group will be coming in first thing early opening bell to buy such an undervalue Careplus.
First target to push it above 3.30

Posted by Sunshine123 > 2020-11-12 21:57 | Report Abuse

bb2ualways .... please do. Careplus doesn't deserve the low price now.

Posted by Taeyeon09 > 2020-11-12 22:22 | Report Abuse

I got confident tomorrow care plus will have huge rebound

Posted by greedy44444 > 2020-11-13 00:53 | Report Abuse

No joy for glove stocks... most penny and speculative stocks went up. Tomorrow it's oil and gas stocks. Get ready for the big bucks. Forget about glove stocks.

Posted by Seeyounoup > 2020-11-13 01:54 | Report Abuse

vaccine is slow to reach layman hand and still have lots of uncertainty.

Posted by MatKoh > 2020-11-13 02:19 | Report Abuse

https://www.malaymail.com/news/money/2020/11/12/dow-sp-500-fall-as-covid-19-cases-spiral/1922124

Posted by MatKoh > 2020-11-13 02:20 | Report Abuse

Careplus gogogo!!!

Posted by Jarall > 2020-11-13 04:34 | Report Abuse

Already basement looks like go up 1st floor today.

Posted by mf > 2020-11-13 04:36 |

Post removed.Why?

Posted by FaridIsland > 2020-11-13 07:31 | Report Abuse

K+...Y still sleeping?..mk me proud plzzz.. waited long enaf!....stuck @ 4th flr!

Posted by gemfinder > 2020-11-13 07:31 | Report Abuse

https://www.theedgemarkets.com/article/sats-able-transport-pfizers-experimental-covid19-vaccine-low-temperatures-%E2%80%94-ceo

Posted by GengSaham > 2020-11-13 07:57 | Report Abuse

What you need to know
More than 50 million cases of Covid-19 have been recorded worldwide.
The US has surpassed 10.5 million cases and 240,000 deaths, with several states breaking daily case records. The Centers for Disease Control and Prevention projects there will be up to 282,000 US coronavirus deaths by December 5.

Posted by GengSaham > 2020-11-13 08:06 | Report Abuse

The US Food and Drug Administration might not complete its review of Pfizer’s Covid-19 vaccine until Christmas, according to the head of the federal network coordinating Covid-19 vaccine clinical trials.

Posted by bb2ualways > 2020-11-13 08:21 | Report Abuse

Comrades we are ready for sunshine day. Good luck

Posted by Seeyounoup > 2020-11-13 08:46 | Report Abuse

Covid case raise unstoppable

https://www.malaymail.com/news/money/2020/11/12/dow-sp-500-fall-as-covid-19-cases-spiral/1922124

Posted by Pandu1 > 2020-11-13 08:59 | Report Abuse

Check wionews.com. Volunteers face severe hanghover, headache n pain after getting Pfizer vaccine shot.

Posted by Pandu1 > 2020-11-13 09:18 | Report Abuse

https://www.wionews.com/world/volunteers-face-severe-hangover-headache-and-pain-after-getting-pfizer-vaccine-shot-342518

Posted by pakdin2023 > 2020-11-13 09:19 | Report Abuse

Greeny day...

Posted by Pandu1 > 2020-11-13 09:25 | Report Abuse

Bili2. Semua naik wo.

Posted by pakdin2023 > 2020-11-13 09:27 | Report Abuse

The United States has so far reported over 150,000 new coronavirus cases, the highest daily figure anywhere in the world since the pandemic began.
Worldwide coronavirus cases pass 52.5 million

Posted by kdginvest > 2020-11-13 09:52 | Report Abuse

CAREPLUS READY FOR BIG REBOUND TODAY.

Posted by Seeyounoup > 2020-11-13 09:57 | Report Abuse

Volunteers face severe hanghover, headache n pain after getting Pfizer vaccine shot.

Posted by Seeyounoup > 2020-11-13 10:02 | Report Abuse

even today also no rebound .

Posted by strattegist > 2020-11-13 10:13 |

Post removed.Why?

Posted by ahpooki2 > 2020-11-13 10:54 | Report Abuse

the IBs are controlling the price............

Posted by underwear > 2020-11-13 11:08 | Report Abuse

Buy?

Posted by kuring2 > 2020-11-13 11:09 | Report Abuse

Thise who can hold.. maybe just hold..wait until the ib/big boy collect enough..maybe we need to see the proce drop below rm3 before it will rebound..maybe its true they are controlling the price.. those who cant hold you may sell at any price u feel better..

We need to ensure seller become lesser/very min before he take off.. just chills guys.. target to rebound somewhere near 23rd nov n above..

Posted by Seeyounoup > 2020-11-13 11:10 | Report Abuse

cant hold anymore. bye .

Posted by Taeyeon09 > 2020-11-13 11:25 | Report Abuse

Hold will win at last,gogogo

Posted by Taipan > 2020-11-13 11:31 | Report Abuse

DJ -400++, S&P -90++

Clearly the US market already knows that Pfizers Vaccine will not be a practical solution. The vaccines will be useless once exposed to room temp. Even if SATs say they the ultra freezing equipment, what about the trucks from manufacture to the aircraft, the aircraft cargo, ground transporters, hospitals in major cities, etc, etc.

Posted by Taipan > 2020-11-13 11:35 | Report Abuse

DJ -400, S&P -90