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

strong support at 4.00 - 4.05

Posted by SimonJB > 2020-11-12 15:16 | Report Abuse

QR is coming soon then it will go above 5.00 easily

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 Yong69 > 2020-11-12 16:05 | Report Abuse

This month is the QR? Which date anyone know?

Posted by Dannyfyl88 > 2020-11-12 16:06 | Report Abuse

Add again... Now own shit loh. Let's hope this is will reverse next week.

Posted by SimonJB > 2020-11-12 16:15 | Report Abuse

dun worry....strong support at 4.01

Posted by SimonJB > 2020-11-12 16:15 | Report Abuse

once QR coming out, will shoot to 5.00 - 5.20

Posted by Liquidity > 2020-11-12 16:47 | Report Abuse

Low volume not worried. Just have to wait for QR.

Posted by Dannyfyl88 > 2020-11-12 16:57 | Report Abuse

Ya, will pick up again tomorrow. Now in a buying mode. Greedy with everyone is Fearful. Fearful when everyone is Greedy... Let's see when happen next week.. after the Vaccine hype is over...

Posted by ChaseBros > 2020-11-12 17:01 | Report Abuse

https://asia.nikkei.com/Spotlight/Coronavirus/What-does-Pfizer-s-vaccine-mean-for-Asia-Five-things-to-know

**** Interesting to know that FLU VACCINE normally lasted about 4 MONTHS. **** Pfizer vaccine (even if able to achieve 90% efficacy) is not a global solution. Even Oxford, Moderna vaccine are proved to be effective will not solve the Covid pandemic for now, only lessen (hopefully).

Covid seemed to have been around for a long time but in fact only about a year or less. There are still many things that scientist do not understand. Whatever that we could out with in such a short time is already a miracle with the hope to bring the Covid under control to acceptable level but will not end it. Heighten hygiene SOP will be place for a long long time just like heighten airport security after the 9/11 incident.

Posted by gemfinder > 2020-11-12 17:14 | Report Abuse

the more u denied, the more losses u incured

Posted by Wukong > 2020-11-12 17:35 | Report Abuse

保持下降

Posted by Liquidity > 2020-11-12 18:26 | Report Abuse

Thanks for the concern gemfinder. Now buzz off :)

Posted by Jackchean > 2020-11-12 20:51 | Report Abuse

Mr wukong,I want lost. How? I'm happy with this counter,

Posted by Dannyfyl88 > 2020-11-12 21:12 | Report Abuse

Buy again tomorrow. Looks like Covid is increasing like crap this coming winter. 144 k in the US yesterday. I love losses too. What can I do except to buy on a dip. I hope it will drop so I can buy and makes more money when it blow up.

Posted by SimonJB > 2020-11-12 21:19 | Report Abuse

if we use the past year's record, the QR was announced on 16 Dec

Posted by Primeinvestor > 2020-11-12 21:20 | Report Abuse

don worry, coming quarter should be rm75mil profit

Posted by SimonJB > 2020-11-12 21:20 | Report Abuse

so we can expect the QR for this year anytime from now till mid dec

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

once QR out, it will shoot up to 5.00 - 5.30 I think

Posted by IMwhatIM > 2020-11-13 00:46 | Report Abuse

The day Pfizer announced and claimed the success of the vaccine for Covid-19, the CEO sold a bulk of his shares in Pfizer. Don't you think this is a bit strange?

Posted by IMwhatIM > 2020-11-13 00:49 | Report Abuse

I believe those who panicked and sold their shares in glove companies including Comfort Gloves last couple of days will very soon back the shares.

Posted by greedy44444 > 2020-11-13 00:52 | 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 IMwhatIM > 2020-11-13 00:53 | Report Abuse

.... very soon buy back....

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

.... very soon buy back....

Posted by Seeyounoup > 2020-11-13 01:55 | Report Abuse

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

Posted by eddie1884 > 2020-11-13 03:02 | Report Abuse

Markets pare gains as coronavirus vaccine euphoria wears off

https://uk.finance.yahoo.com/news/stock-market-report-12-november-coronavirus-vaccine-euphoria-wears-off-083625358.html

Posted by eddie1884 > 2020-11-13 03:03 | Report Abuse

Dow, S&P 500 fall as COVID-19 pandemic rages on

https://finance.yahoo.com/news/dow-p-500-drop-open-144014143.html

Posted by eddie1884 > 2020-11-13 03:08 | Report Abuse

When the Dow fall, asian market will follow suit. Vaccine news fail to take off the US market. Glove still in play strongly due to uncontrolled pandemic.
HAPPY HUNTING.

Posted by eddie1884 > 2020-11-13 03:09 | Report Abuse

Stock market news live updates: Stocks extend declines as vaccine rally cools further, stimulus concerns linger

https://finance.yahoo.com/news/stock-market-news-updates-november-12-2020-231635966.html

Posted by eddie1884 > 2020-11-13 03:11 | Report Abuse

Losses abound for knee jerk reaction on positive news miscalculation.

Posted by oilwaterman > 2020-11-13 05:17 | Report Abuse

Pfizer's ultra-cold vaccine, a 'very complex' distribution plan and an exploding head emoji https://www.cnn.com/2020/11/10/health/pfizer-vaccine-distribution-cold-chain/index.html

Posted by Liquidity > 2020-11-13 07:18 | Report Abuse

US and Europe have pared gains on vaccine euphoria. Back to COVID safe stocks like Tech. Mercator Poland gloves was up 6% yesterday. Pzifer CEO sold 60% of his stocks the day he announced their vaccine efficacy rates, don't you think if he was so confident on the imminent vaccine roll-out he would have kept his stocks longer? Watch this space.

Posted by mf > 2020-11-13 07:19 |

Post removed.Why?

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

https://www.cnbc.com/2020/11/12/coronavirus-dr-fauci-says-he-doubts-whether-covid-can-be-eradicated.html - Fauci says doubling down on public health measures is required even with the vaccine.

Posted by AxeCapital2077 > 2020-11-13 08:59 | Report Abuse

gloves will go back to rm 5

Posted by Dannyfyl88 > 2020-11-13 09:10 | Report Abuse

Good Morning folks... It's another day of buying on a dip. What a great opportunity to add. Going 80% in on gloves stocks. Next 2 weeks... Boom... after all the Vaccine hype is over, Covid increasing and IB find out banks are boring.

Posted by AxeCapital2077 > 2020-11-13 09:19 | Report Abuse

comfort cc will burst later

Posted by oilwaterman > 2020-11-13 09:21 | Report Abuse

Many 2 weeks already since aug.

Posted by Lisabell88 > 2020-11-13 09:27 | Report Abuse

@axecapital2077 why will cc burst?

Posted by Liquidity > 2020-11-13 09:34 | Report Abuse

Bank QRs coming out today and next week. Expect poor results and zero no low dividends. Money will flow back into gloves.

Posted by Cash Only > 2020-11-13 09:37 | Report Abuse

if US lock down.. possible down 4000 point.. we wait n see

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

COMFORT READY FOR BIG REBOUND TODAY.

Posted by Dannyfyl88 > 2020-11-13 10:15 | Report Abuse

Liquidity... Yep. Nothing will change with Banks Fundamentals for the next 6-12 months. Vaccine hype and sector rotation. All will come back to gloves after QR. Good time to add. Will add more today...might be a last opportunity as the beaten gloves stocks look like it is going to Blow.

Posted by Cash Only > 2020-11-13 10:19 | Report Abuse

https://finance.yahoo.com/news/stock-market-news-updates-november-13-2020-231318394.html

Posted by ChaseBros > 2020-11-13 10:59 | Report Abuse

https://www.cnbc.com/2020/11/12/coronavirus-dr-fauci-says-he-doubts-wh...

>>>>> The public doesn’t understand all about vaccines … including that this disease may, even with vaccines, become endemic <<<<<

Posted by genghis > 2020-11-13 11:23 | Report Abuse

time to collect

Posted by Cash Only > 2020-11-13 12:14 | Report Abuse

Dr. Michael Osterholm -- an adviser to President-elect Joe Biden – this week floated the idea of a four- to six-week lockdown as the nation is approaching what he called "COVID hell," but later clarified that he had not made this recommendation to the Biden team.

Posted by SimonJB > 2020-11-13 14:55 | Report Abuse

2127cc will burst soon

Posted by SimonJB > 2020-11-13 14:59 | Report Abuse

there's very strong support at 4.00 even with the vaccine hype this week

Posted by SimonJB > 2020-11-13 15:00 | Report Abuse

next week will fly when the vaccine hype dies down and the expectation of QR out soon