Posted by cheeseburger > 2021-12-10 17:46 | Report Abuse

how low can ASP go?...assuming 95% cut from peak 27, probably rm1.30 in coming months.

Posted by Timmy Tan > 2021-12-10 17:47 | Report Abuse

Learn how to read financial reports first before commenting that Top Glove will go into PN17. Cash and bank balances plus investments = RM1.8billion, borrowing just RM440million. Somemore, Top Glove still making profit and positive operating cash flow. Learn first before simply shout.

Posted by ahbah > 2021-12-10 17:47 | Report Abuse

I support.

Posted by Stock Kingdom > 2021-12-10 17:50 | Report Abuse

So fast back to normal already? Not even can last beyond 2021

Posted by haha1234 > 2021-12-10 17:52 | Report Abuse

this results was really kidding me i never expect so low

Posted by IronShirt > 2021-12-10 17:53 | Report Abuse

EPF is very unforgiving when it comes to falling profit projections....Looking forward to EPF
dumping atleast 240mil shares ( half that is holding now ) in December ( TanSri can buyback
EPF lots )

Posted by IronShirt > 2021-12-10 17:56 | Report Abuse

Another 6bil shares out of 8.2bil holds by Ikan Bilis is next Volcano ready for Eruption

Posted by AdCool > 2021-12-10 17:56 | Report Abuse

this forum many lost money in gloves until become forever hater and hoping for gloves to bankrupt so that they can be at peace with their losses.

Posted by treasurehunt > 2021-12-10 17:59 | Report Abuse

Who to be blamed? Topglove? China competitors? Western customers? own?

Posted by Stock Kingdom > 2021-12-10 18:00 | Report Abuse

Why want to blame? This is your decision to invest in Glove stocks, go blame yourself for not smart enough.

Posted by treasurehunt > 2021-12-10 18:05 | Report Abuse

People are blaming of many parties here... JPM, IBs, ILO activists, US, Topglove owners, Western customers, China competitors...

Posted by Catchthewave > 2021-12-10 18:09 | Report Abuse

Wait for next QR Liaw. Now price will hover around RM2 with 15% +-

Posted by Stock Kingdom > 2021-12-10 18:12 | Report Abuse

Top Glove net profit for FYE2019 was RM370.6mil.

Assuming PE33, the expected market value shall be RM12.229b

Current market value is RM17.727b.

Where will TOP GLOVE SHARE PRICE GO NEXT?

Posted by Stock Kingdom > 2021-12-10 18:14 | Report Abuse

Next TOP GLOVE target is RM1.49!!!

Provided market still give PE33

Posted by yemes35202etoymail > 2021-12-10 18:15 | Report Abuse

1.70

Posted by Stock Kingdom > 2021-12-10 18:16 | Report Abuse

Better cabut now before too late, huge headwinds ahead and no chance of get better.

Hope for new variant will like betting 4D. This is investing, not guessing.

You deserved to lose money if you think you are good in betting.

Posted by CharlesT > 2021-12-10 18:16 | Report Abuse

The new normal for our glove co will be traded at single digit PE for a long long time...hopefully most of them still can stay profitable...

Posted by Stock Kingdom > 2021-12-10 18:18 | Report Abuse

If this is the case, price will be well below RM1.

CharlesT The new normal for our glove co will be traded at single digit PE for a long long time...hopefully most of them still can stay profitable...
10/12/2021 6:16 PM

Posted by CharlesT > 2021-12-10 18:19 | Report Abuse

TG may not be taiko in world supply for long...seeing how China increases their world supply fm 6%+ to 30% now in a matter of less than 2 years..

Local glove co should be very scare....

Posted by Stock Kingdom > 2021-12-10 18:20 | Report Abuse

Just look at those bet on omicron & chased until RM3.40, the price not even can sustain for 1 day.

------
Stock Kingdom Better cabut now before too late, huge headwinds ahead and no chance of get better.

Hope for new variant will like betting 4D. This is investing, not guessing.

You deserved to lose money if you think you are good in betting.
10/12/2021 6:16 PM

Posted by CharlesT > 2021-12-10 18:20 | Report Abuse

Holy shit....supply x 4 times in less than 2 years

Posted by CharlesT > 2021-12-10 18:23 | Report Abuse

Still many glovetards keep on blaming JPM Inv Bankers RSS EPF having no clue at all abt the actual threats....China mari

Posted by Hush77 > 2021-12-10 18:26 | Report Abuse

This is a good example, if topglove is attack by allegations by some uk or us activist , if the gov choose to believe in those activist and did not defend TG, eventually TG profit will shrink and maybe move to other country..

The loser will be the gov and the ppl who will lose the tax income and also jobs..
I think TG shld move to vietnam or china as msia is a strange country

Posted by Hush77 > 2021-12-10 18:31 | Report Abuse

Bangla have better life in msia than in bangladesh where there is no job at all..
And yet they can complain...
the activist maybe use this story to short the many shares

Posted by Stock Kingdom > 2021-12-10 18:31 | Report Abuse

All I can say, you have good vision.

What about you? Guess you also live in this strange country, when do you want to move away from this country?

------
Hush77 This is a good example, if topglove is attack by allegations by some uk or us activist , if the gov choose to believe in those activist and did not defend TG, eventually TG profit will shrink and maybe move to other country..

The loser will be the gov and the ppl who will lose the tax income and also jobs..
I think TG shld move to vietnam or china as msia is a strange country
10/12/2021 6:26 PM

Posted by Consultant > 2021-12-10 18:38 | Report Abuse

Yay. Continue goes below. Yummy. 1.8 cominggg

Posted by UlarSawa > 2021-12-10 18:39 |

Post removed.Why?

Posted by UlarSawa > 2021-12-10 18:41 | Report Abuse

Where you get china now ctrl 30% gloves market leh. You surr or notm Cirrect?



Posted by CharlesT > Dec 10, 2021 6:19 PM | Report Abuse

TG may not be taiko in world supply for long...seeing how China increases their world supply fm 6%+ to 30% now in a matter of less than 2 years..

Local glove co should be very scare....

Posted by michaelgohmox > 2021-12-10 18:42 | Report Abuse

1.51 can buy keep but also scared drop to rm1.00 which is possible

Posted by UlarSawa > 2021-12-10 18:44 | Report Abuse

Ya kah. EPF throwing or you throw half to Tan Sri kah. You EPF punya CEo kah. Dont blow water leh. want 99sen go careplus lah. Correct?


Posted by IronShirt > Dec 10, 2021 5:53 PM | Report Abuse

EPF is very unforgiving when it comes to falling profit projections....Looking forward to EPF
dumping atleast 240mil shares ( half that is holding now ) in December ( TanSri can buyback
EPF lots )


IronShirt
2894 posts
Posted by IronShirt > Dec 10, 2021 5:56 PM | Report Abuse

Another 6bil shares out of 8.2bil holds by Ikan Bilis is next Volcano ready for Eruption

Posted by UlarSawa > 2021-12-10 18:46 | Report Abuse

They all JPM macai all dont care apa details report lah. They care rm1.50 only for shortists to cover back the 200mil saham lah. Correct?




Posted by Timmy Tan > Dec 10, 2021 5:47 PM | Report Abuse

Learn how to read financial reports first before commenting that Top Glove will go into PN17. Cash and bank balances plus investments = RM1.8billion, borrowing just RM440million. Somemore, Top Glove still making profit and positive operating cash flow. Learn first before simply shout.

Posted by treasurehunt > 2021-12-10 18:47 | Report Abuse

The only hope for Malaysia glove producers is US imposing tariffs on China's gloves or serious pandemic returning again.

Posted by Yu_and_Mee > 2021-12-10 18:49 | Report Abuse

if topglov can goes into PN17, means KLSE can close shop

Posted by IronShirt > 2021-12-10 18:51 | Report Abuse

Not so easy to move TG from Malaysia to say " Vietnam ".....TG machinery are most Bangla...
you train a Bangla ( or Vietnamese), you need 4--6 months....In Malaysia TanSri "Hide" alot
of Workers welfare Benefit ( cost atleast 30% of Total Workers Cost ).....Bcos TG is Malaysian
Co, Gov normal Closed One Eye....However foreign Co ( in Vietnam as said ) has to Cover full
Benefits for Vietnamese Workers, no if or But

Posted by HrryPttr > 2021-12-10 18:59 | Report Abuse

Next week 1.50. Jeff Ng told you long time ago

Posted by Benhobenhobenho > 2021-12-10 19:05 | Report Abuse

http://www.financetwitter.com/2021/12/omicron-four-times-more-transmissible-how-united-kingdom-568-cases-could-spike-to-1-million-cases-by-end-of-the-month.html

Posted by RVI123 > 2021-12-10 19:11 | Report Abuse

The activists are ruining the glove companies. Glove manufacturing is a very competitive business. The glove companies can not afford to let the workers stay 2 persons in one room. The activists are those who don't understand business. They think it is very easy to run a business.

Posted by Kim > 2021-12-10 19:15 | Report Abuse

Koyak aldy. Must admit lah.

Sorry to say. Current price sudah prove it aldy.
Nextweek or in future.. lets price talk.

Back up tinggi-tinggi also. Wont go to previous high.

HKEX listing.. more double-trouble coming.

My 2c.

Posted by treasurehunt > 2021-12-10 19:16 | Report Abuse

Nobody is able to beat China for being the lowest costs producer in the tough business environment. Anyway, not to worry much as Western countries won’t let our gloves producers die one. If our country big glove players go burst, the gloves supply might be controlled by China as strategic goods. They have experienced this for masks supply in 2020.

Posted by AdCool > 2021-12-10 19:16 | Report Abuse

Nobody pay attention on why Top Glove bosses been pushing to list in HKX even after 3 times of revising the prospectus to just 25% of original proposal back in 2020. Why list in HKX for just 25% of the original plan? Is it really to raise funds or it's for other plan? Think about it.

Posted by treasurehunt > 2021-12-10 19:19 | Report Abuse

It’s easy for Malaysia big glove supply to survive as western country can simply slap China producers of import tariffs.

Posted by Albukhary > 2021-12-10 19:19 | Report Abuse

Think from the other side, the huge drop in PAT is also a good thing for the glove boss.

Previously, when they are making huge money, all the media, social activist, government, bumiputera are aiming them, anything also relate to Glove.

I hope with the drop of profit, all these parties can leave glove alone, change their target to other sector (i.e. EMS, Crypto, Ewallet), so at least the Glove companies can focus on their own business, focus on their R&D, focus on their sales & marketing, instead of everyday worry about non-business related issue (i.e. ESG, Bumiputra shareholding, Government asking for donation, lockdow， Andy hall....etc)

Posted by Catchthewave > 2021-12-10 19:24 | Report Abuse

Declare so much profit now for what, get garmen to charge more on windfall tax?
Move some profit for future mah.

Posted by InvestorS1831 > 2021-12-10 19:29 | Report Abuse

My fren say Jialat! need gloves for falling knives?

Posted by treasurehunt > 2021-12-10 19:31 | Report Abuse

Therefore, it is silly to think that our glove industry would go burst due to the threat from China producers.

Posted by michaelgohmox > 2021-12-10 19:33 | Report Abuse

Won’t chap lap lar, but will hover between 1.50.2.00 for a long long time ……. Very long time….. need to collect 100 years of dividend to make back my capital

Posted by Johnchew5 > 2021-12-10 19:33 |

Post removed.Why?

Posted by mh87 > 2021-12-10 19:35 | Report Abuse

Company sure can survive no matter what price it is going to hit.

The problem is only for investor/trader. Who sangkut at high will never know when it can jumps back to that price. With 8bil shares i do believe that pretty hard to see RM4 and above in the next 5 years. 8bil shares will make TG more heavier to jump in the future.

Now the 2020 glory will just becomes history.

Posted by michaelgohmox > 2021-12-10 19:39 | Report Abuse

Yes agree MH87
Confirm money vanish and only people who made is Ah lim the GG man

Posted by Hush77 > 2021-12-10 19:44 | Report Abuse

To save this only one way.. gov shld temporary halt the short selling of glove stocks in bursa msia.