Posted by AnakUlarSawa > 2021-11-22 10:47 |

Post removed.Why?

Posted by xiaomixiaohai > 2021-11-22 11:33 | Report Abuse

Eh what happen? So actively kaput kah? Lol

Posted by xiaomixiaohai > 2021-11-22 11:34 | Report Abuse

Aiya cannot fight karma lah.... lol

Posted by AnakUlarSawa > 2021-11-22 11:57 |

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Posted by Lucifer999 > 2021-11-22 11:58 | Report Abuse

oh non no no..ularlar..how la skrang new low again

Posted by AnakUlarSawa > 2021-11-22 11:59 |

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Posted by Markv572421 > 2021-11-22 11:59 | Report Abuse

Never learn .....already said down trend ...

Posted by williamh > 2021-11-22 11:59 | Report Abuse

It is epf unloading all this while beside the jm,and epf still has a very very heavy volume to be unloading in the coming days,guess it will drop to around 1.70-1.80 and rest

Posted by AnakUlarSawa > 2021-11-22 12:02 |

Post removed.Why?

Posted by williamh > 2021-11-22 12:03 | Report Abuse

Dont try to flight with local institutional big fund

Posted by Start_0f_the_bull > 2021-11-22 12:04 | Report Abuse

Then you sell lor, simple.
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Markv572421 Never learn .....already said down trend ...
22/11/2021 11:59 AM

Posted by williamh > 2021-11-22 12:07 | Report Abuse

Epf has been unloading alot of holding in bursa including Ppb, they could be in desperated need extra fund

Posted by williamh > 2021-11-22 12:09 | Report Abuse

Avoid all epf holding Stocks buy BAT and you can sleep peacefully

Posted by AnakUlarSawa > 2021-11-22 12:14 |

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Posted by xiaomixiaohai > 2021-11-22 12:18 | Report Abuse

Aiya EPF fulfilling i-ciput withdrawals mah so glove stocks sure ciput lol

Posted by xiaomixiaohai > 2021-11-22 12:21 | Report Abuse

People smoke is by choice so gettting lung cancer also it's their choice loh. Better than TG doing forced labour lah.... modern slavery.... ESG rating at lowest lol

Posted by Start_0f_the_bull > 2021-11-22 12:25 | Report Abuse

EPF selling gloves stocks only? That is all you know?
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xiaomixiaohai Aiya EPF fulfilling i-ciput withdrawals mah so glove stocks sure ciput lol
22/11/2021 12:18 PM

Posted by Start_0f_the_bull > 2021-11-22 12:34 | Report Abuse

Millions of people around the world die with lung cancer due to smoking, holding tobacco company shares is considered part of the culprits and you can sleep well? Not correct?
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williamh Avoid all epf holding Stocks buy BAT and you can sleep peacefully.
22/11/2021 12:09 PM

Posted by paktua73 > 2021-11-22 12:48 |

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Posted by assthrow > 2021-11-22 12:54 | Report Abuse

Macquarie Equities Research (MQ Research) initiates coverage on the Malaysia gloves sector, with a view that the glove manufacturers have production cost advantages over its China peers and any newer entrants. Although average selling price uncertainty lingers, valuations have turned attractive with all three glove makers trading at EV/share below pre-pandemic levels.

MQ Research names Kossan as its top pick within the sector. Read on for MQ Research’s order of preference and target prices in an excerpt of the report dated 19 November 2021. Also, check out the associated Macquarie warrants over the glove names below.


Negatives are priced in

Incoming China glove supply threatens Malaysian manufacturers’ market share. However, MQ Research believes these negatives are priced in as share prices have now fallen 70-75% from pandemic highs. MQ Research believes large-cap Malaysia glove makers have a 25-35% production-cost advantage over China peers. MQ Research initiates on Malaysia’s glove manufacturers as valuations turn attractive despite average selling prices (ASP) in flux. All three glove makers in MQ Research’s coverage are trading at an enterprise value per share (EV/share) below pre-pandemic levels. If shares decline a further 10-15% - which MQ Research believes to be the absolute bottom – MQ Research sees an attractive entry point. ASPs are quickly declining (currently US$35-40 vs. mid-21 US$85-90 per ‘000 pieces), and MQ Research’s top pick Kossan’s differentiated product mix shields it from potential global oversupply. Kossan is trading at a steep discount to peers (post-pandemic PER discount to TopG/Hartalega of ~15%/ 50%) and at about half their pre-pandemic EV/share.


Production cost advantage over China/new entrants

China: MQ Research estimates that China glove manufacturers currently have 25-35% higher production costs vs. large-scale Malaysia manufacturers due to higher fuel and labour costs. If global oversupply occurs, and prices continue to decline, MQ Research believes Malaysian large-scale manufacturers will be the last to turn unprofitable. However, MQ Research expects China producers to continue to add capacity until costs normalise despite downward pressure on margins.

New entrants: MQ Research expects newer entrants in glove manufacturing to quickly become unprofitable as ASPs dive below production cost. Newer glove producers have an estimated production cost of US$35-40 per ‘000 pieces (vs. existing players of US$20-23). MQ Research believes newer players will either abandon expansion plans or exit the industry altogether.


Post-pandemic supply-demand outlook

Frost & Sullivan expects disposable glove demand to deliver a 15.9% volume compounded annual growth rate (CAGR) post-pandemic (2019-2025F) vs. 8.2% pre-pandemic due to increased hygiene awareness. MQ Research forecasts China producers to account for 24% of global supply post-pandemic (2023E) vs. 10% pre-pandemic (2019). MQ Research expects long-term ASPs to settle at US$24-26 per ‘000 vs. street estimates of US$25-30 on increased price pressure from China manufacturers. This is structurally higher than pre-pandemic prices of US$20-22 due to higher social compliance costs.


Valuations are now compelling; Kossan is MQ Research’s top pick

MQ Research uses a price-earnings ratio (PER) methodology to value glove manufacturers, applying MQ Research’s target multiples to post-pandemic FY23E/24E earnings per share (EPS) – years when MQ Research expects ASPs to stabilise. MQ Research’s multiples of 15x-21x represent between a -1.0SD to -0.25SD discount to pre-pandemic sector/company historical averages. Post-pandemic ASP uncertainty and labour practice issues linger. MQ Research’s order of preference is Kossan (OP) > Hartalega (OP) > Top Gloves (N).


12-month target price methodology


TOPG MK: RM2.60 based on a PER methodology
HART MK: RM6.30 based on a PER methodology
KRI MK: RM2.70 based on a PER methodology

Posted by beso > 2021-11-22 13:00 | Report Abuse

hahah, lower low again, if not able to close above 2.28 in 3 trading days then next will be 2.00.
said many times already, you don't sell nvm other people will sell especially for weak downtrend stocks. lol

Posted by williamh > 2021-11-22 13:11 | Report Abuse

Yes cigarette is of Health concern and Bat has been working on thatHNB is the alternative product to addressing beside alsoprevent some to addicted to drug,corporate Govermance is Bat second to none and also generous divided ,90% of the profit is return to share holders,it the care ling of the share holder that matters

Posted by williamh > 2021-11-22 13:14 | Report Abuse

Oh if you are able to hold bat for medium term the lost of TG is easy to regain the lost

Posted by AnakUlarSawa > 2021-11-22 13:25 |

Post removed.Why?

Posted by williamh > 2021-11-22 13:36 | Report Abuse

Smoking is not the main cause of lung cancer if you dig deeper,it been researced deeper on many Health issues and succecefully tackerd with the smokes money anyway its the free choice ,is not it?

Posted by looiting > 2021-11-22 13:59 | Report Abuse

The sellers of warrant is touting warrant to newbies. Becareful guys. You don't need to leverage the upsides.

Posted by Start_0f_the_bull > 2021-11-22 14:00 | Report Abuse

52 weeks low.

Posted by AnakUlarSawa > 2021-11-22 14:05 |

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Posted by AnakUlarSawa > 2021-11-22 14:09 |

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Posted by messi88 > 2021-11-22 14:13 | Report Abuse

Everyday new low

Posted by Start_0f_the_bull > 2021-11-22 14:14 | Report Abuse

Heat-not-burn products and tobacco are all harmful to human body, just admit it is a sinful business although it is not banned. Defence it by all means will only make smokers happy, nothing more. Full stop.
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Williamh Yes cigarette is of Health concern and Bat has been working on thatHNB is the alternative product to addressing beside alsoprevent some to addicted to drug,corporate Govermance is Bat second to none and also generous divided ,90% of the profit is return to share holders,it the care ling of the share holder that matters
22/11/2021 1:11 PM

Posted by amateurJR > 2021-11-22 14:15 | Report Abuse

congrats to those still holding at high price. treat it as donation

Posted by Investoz88 > 2021-11-22 14:38 | Report Abuse

MARGMA or TG should clarify JPM wrong assumptions.
Hope it will come very soon..

Posted by AnakUlarSawa > 2021-11-22 14:43 |

Post removed.Why?

Posted by williamh > 2021-11-22 14:51 | Report Abuse

Absolutely not correct that 2nd cause ,just like people wanted to use less plastic,dont you know almost everytings like industri cant live without plastic,its the smoke from the vehicles ,can we live without it?

Posted by IronShirt > 2021-11-22 14:56 | Report Abuse

Start_0f_the_bull Heat-not-burn products and tobacco are all harmful to human body,
_________________________________________________

Nitrile Glove is a environmental Disaster if allowed to conT at Covid- period rate. Luckily usage is
plunging as we speak. Not far in future according to research in EU, Liquid Glove will be developed
to replace nitrile Glove...Maybe in 2022, Developer of Liquid Glove will be announcing possible
launching date

Posted by williamh > 2021-11-22 14:56 | Report Abuse

Its the u regulated not the angmo,,cigarette is not invented by angmo, Indonesia is the larger production

Posted by Newbie_23 > 2021-11-22 15:03 | Report Abuse

Good time to reload

Posted by AnakUlarSawa > 2021-11-22 15:06 |

Post removed.Why?

Posted by williamh > 2021-11-22 15:18 | Report Abuse

Its the green lung that matter, many kampung or village peoples live near forest live their life fullness more than 100 while in city where many vehicles..

Posted by goody99 > 2021-11-22 15:23 | Report Abuse

everyday got big sellers dumping their shares. Retailers are the ones suffering as the share price drops lower and lower. I still think it is better to sell your shares now and buy them back later as its share price is higher than pre-pandemic. Better be prudent as revenue and profit are going to be ugly in these 2 years. If you do not sell, other sellers will especially those big sellers. They have been dumping their shares non stop for almost a year now and it is still ongoing...

Posted by Aaron_tan > 2021-11-22 15:32 |

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Posted by dickfaceinvestor88 > 2021-11-22 15:39 |

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Posted by Investoz88 > 2021-11-22 15:47 | Report Abuse

Top Glove Corp Bhd caps its 30th anniversary in 2021 with an enhanced and even stronger commitment to its environmental, social and governance (ESG) practices.

The company said it continued to upkeep of its position for the third year running on the Dow Jones Sustainability Indices (DJSI) under the Emerging Markets category, while reiterating a strong sustainability focus in its newly-released integrated annual report for fiscal year 2021.

Top Glove is one of three Malaysian companies, aside from new additions Petronas Chemicals Group Bhd and MISC Bhd, to be included on the prestigious DJSI, marking its third year running on the index.

The company said it was also the only Malaysian healthcare manufacturing company, and one of three healthcare industry companies to be included on this year's DJSI under the Emerging Markets category.

The assessment covers ESG dimensions that include corporate governance; supply chain management, operational eco efficiency, climate strategy, occupational health and safety, labour practices and human rights, among others.

We congratulate Top Glove for being included in the Dow Jones Sustainability Index (DJSI) for Emerging Markets. A DJSI distinction reflects being a sustainability leader in your industry.

"The record number of companies participating in the 2021 S&P Global Corporate Sustainability Assessment is testament to the growing movement for ESG disclosure and transparency," S&P Global ESG Research global head Manjit Jus said in a statement today.

Meanwhile, in its recently-released 2021 annual report, the world's largest manufacturer of gloves outlined its efforts to step up its ESG initiatives.

The company had declared 2021 as Top Glove's Year of ESG and established ambitious interim targets to be attained by 2025 as it works towards a net zero carbon roadmap and target setting.

"Under the company's 2021 environmental highlights within the Integrated Annual Report, Top Glove detailed progress in carbon emission reduction at its factories. Additionally, the company aims to achieve zero carbon emissions at its water treatment plants by 2022 and at its office premises and warehouses by 2025.

"Further, the company aims to reduce 25 per cent of carbon emission intensity by 2025, against a base year of 2021," it said.

Posted by xiaomixiaohai > 2021-11-22 15:48 | Report Abuse

Must be true lah.... next quarter result losses lol

Posted by dianatrader > 2021-11-22 15:51 | Report Abuse

Big drop for TG today.

Losses again

Posted by Investoz88 > 2021-11-22 15:51 | Report Abuse

Worse qtr is likely behind TG.
US ban + MCO + 60% labour restriction in last qtr.
We shall all know soon..

Posted by Start_0f_the_bull > 2021-11-22 15:54 | Report Abuse

No lah, all here blow water only, where got TG share? Me too.

Posted by AnakUlarSawa > 2021-11-22 15:55 |

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Posted by AnakUlarSawa > 2021-11-22 15:59 |

Post removed.Why?