Posted by bsinvestor > 2021-12-11 09:55 | Report Abuse

so for those who keep wishing covid get worse so that gloves share can go up, you better think twice again. it bites gloves factory as we have seen mid of this year.

Posted by i3lurker > 2021-12-11 10:03 | Report Abuse

CharlesT

your money came primarily from US Govt.
Please write to thank Trump. Was his decision, his better ones lah.

US and richer European countries were buying gloves slowly in excess of requirements to create a "Strategic Stockpile" back in early 2020

=> seemed silly to me coz gloves has a much lower shelf life compared to crude oil

useful info affecting share prices ....shelf life of nitrile gloves => 5 years




Posted by CharlesT > Dec 11, 2021 9:51 AM | Report Abuse

Seeing OTB's analysis n CIMB inv bank's research showing ASP rise 10% on month to month basis i quick quick went to Ah Long to borrow money

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

@razifffff82 Why it will only the poor cointries..didnt you hear it this omicron is very high in it spread.. and now it is among the european rich countries and us too.. do you think this region will go for china's gloves.. they have in a trade war now

______________

When talking about cheap price white guys clever than all races that s y they have msny tools to abuse other countries economics n business while hard press the price for their own benefits ! 100% they will get cheaper china gloves lah !

When u hear president XI say that China is willing to total share all PPE with other countries at zero profit in order to improve relationships with all then malaysia glove factory will close down one by one !

Posted by mlike > 2021-12-11 10:16 | Report Abuse

Cash rich become fund tight…….

Posted by mlike > 2021-12-11 10:17 | Report Abuse

How fast to burn money….

Posted by IronShirt > 2021-12-11 10:23 | Report Abuse

59 factories with major expansion in progress.....atleast 400mil impairment loss in 2022 if
expansion / production has to stop due lack of demand

Posted by IronShirt > 2021-12-11 10:24 | Report Abuse

only Airasia burnt more Cash than TopGlove

Posted by razifffff82 > 2021-12-11 10:25 | Report Abuse

bsinvestor
omicron won't help, if omicron get worse, malaysia will suffer too. MCO again, top glove factory may face outbreak, force to close again. China gloves factory will benefit. China is good at control covid. China gloves probably hope malaysia covid get worse so that they can capture more the market.
11/12/2021 9:54 AM

Do you think.malaysia will close this glove industry just because of a virus break? We had been through amany mco before and malaysia just what it did last time will let this one essential business to continue its operation

Posted by NatsukoMishima > 2021-12-11 10:26 | Report Abuse

The boss really made a big mistake when cash rich just splash money like water leakage beside road , 880 million paper loss really make investors waked up from his poor money management !

Posted by CharlesT > 2021-12-11 10:27 | Report Abuse

I3lurker,

https://klse.i3investor.com/blogs/kianweiaritcles/2020-06-05-story-h1508013591-Challenging_the_Gloves_valuation_Top_Glove_as_example_felicity.jsp

For yr reading pleasure.

https://klse.i3investor.com/servlets/forum/600323073.jsp?ftp=1

Posted by Sslee > May 24, 2020 5:39 PM | Report Abuse

Dear All,
The screen shot is his Topglove holding mark to market price at 1st Jan 2020. His buying cost when he start buying TopGlove in year 2010 and continues bought over the year till holding 2,043,800 is about RM 1 million.

23-Mar-2020 Sell TOPGLOV
-120,000 6.20 2,394.80
+741,605.20
27-Apr-2020 Sell TOPGLOV
-500,000 7.32 10,899.00
+3,649,101.00
12-May-2020 Sell TOPGLOV
-500,000 8.00 11,800.00
+3,988,200.00
14-May-2020 Sell TOPGLOV
-400,000 10.32 12,139.20
+4,115,860.80
15-May-2020 Sell TOPGLOV
-523,800 10.20 15,358.31
+5,327,401.69

Total sold 2,043,800 TopGlove for: RM 17,822,168.69

If he had hold his TopGlove till today at 22/5/2020 close price of RM 11.82 his 2,043,800 TopGlove is worth 11.82x 2,043,000 = RM 24,148,260 a different of about RM 6 m+

So I wish Philip good luck that his new purchased in O&G will give him this return (RM 6m+) in 2 year time.



Looks like Philip's average selling price for his Topglove is RM17,822,168 / 2,043,800 shares = Rm8.72+ (or RM2.90+ after bonus)

Posted by NatsukoMishima > 2021-12-11 10:27 | Report Abuse

0.82 - 1.20 only will consider this company !

Posted by CharlesT > 2021-12-11 10:30 | Report Abuse

Philip sold all his TG at average 2.90+ before May/June 2020 n switched to Serbak....

Dont ask me if he could sleep well ever since then

Posted by i3lurker > 2021-12-11 10:30 | Report Abuse

IronShirt
agree 100%

money was just one off from US Govt under Trump
IBs knew it and passed on news while laughing to themselves

IBs especially US based JP Morgan quickly reduced TP when Trump said "stop"

=> expansion is a very quick short road to bankruptcy


Posted by IronShirt > Dec 11, 2021 10:23 AM | Report Abuse

59 factories with major expansion in progress.....atleast 400mil impairment loss in 2022 if
expansion / production has to stop due lack of demand

Posted by IronShirt > 2021-12-11 10:30 | Report Abuse

poor management and also Hired a sub-standard Marketing Agent ( ular )....No Liao --everyday
Talk rubbish, confused ikan bilis And also most of time confused herself too

Posted by 8899EL8899 > 2021-12-11 10:35 | Report Abuse

let see ,..............TAN SRI will subscribe cheap- cheap top glove shares in hong kong ipo,.......price below rm1...........

Posted by Loh Kok Wai W > 2021-12-11 10:40 | Report Abuse

当一个股大跌几个月后，就算他的公司的CEO 如何的 去向小股东们和投资机构们解释公司未来的前 已经无补於事了。。。。股东们已经没有信心去接受了。

Posted by GlovesOff > 2021-12-11 10:42 | Report Abuse

Haha Ular still sleep like a baby ka ... weeknd glove bashing is everyone's fav past time

Posted by Hush77 > 2021-12-11 10:47 | Report Abuse

can try i think if drop to rm 1.
but right now the profit not supporting the share price..
even Tan sri didnt say anymore about top glove mkt cap will be greater than maybank as it is no longer possible..

Posted by i3lurker > 2021-12-11 10:49 |

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Posted by Johnchew5 > 2021-12-11 10:50 |

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Posted by i3lurker > 2021-12-11 10:51 |

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Posted by Johnchew5 > 2021-12-11 10:54 |

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Posted by Hush77 > 2021-12-11 10:58 | Report Abuse

the mistake for top glove is it do the share buy back too early at around rm 5..and help to take a lot of stock from the lousy/uncommitted investor like epf..
it should do it at rm 1..and take all epf stake at rm 1..

second mistake is, the US ban.. which took too long to lifted... and the gov also didnt help, they side with the bangla's and what those "activist" says.. regardless it is poorly handled..

now share price too low, should not issue too many share in hong kong at low price.. it is not good for the capital management.. should issue it last year or in the next pandamic...

but if it drop to RM 1 , i think worth a "2nd look"

good luck

Posted by Johnchew5 > 2021-12-11 10:59 |

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Posted by CharlesT > 2021-12-11 11:01 | Report Abuse

Most glove co will still be around in many years to come...though some of them may not be profitable for a while...

For example, Steel Co has been struggling for many years since China's steel comes into the picture during late 1990s or early 2000s

20 years+ down to road i hardly see any local steel co close shop...Except Perwaja n Kinsteel...

Posted by Johnchew5 > 2021-12-11 11:02 |

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Posted by Johnchew5 > 2021-12-11 11:10 |

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Posted by Johnchew5 > 2021-12-11 11:16 |

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Posted by DickyMe > 2021-12-11 11:16 |

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Posted by Johnchew5 > 2021-12-11 11:18 |

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Posted by i3lurker > 2021-12-11 11:19 | Report Abuse

steel mostly sells into Malaysia
when Malaysian Govt bans import of China steel, it helped a lot.

Malaysian Govt ban import of China gloves will NOT help

already seen China face mask killed off Malaysian face mask factories



Posted by CharlesT > Dec 11, 2021 11:01 AM | Report Abuse

Most glove co will still be around in many years to come...though some of them may not be profitable for a while...

For example, Steel Co has been struggling for many years since China's steel comes into the picture during late 1990s or early 2000s

20 years+ down to road i hardly see any local steel co close shop...Except Perwaja n Kinsteel...

Posted by Johnchew5 > 2021-12-11 11:26 |

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Posted by UlarSawa > 2021-12-11 11:33 |

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Posted by UlarSawa > 2021-12-11 11:37 | Report Abuse

What Taikor under attacked by JPM and Tiger and TA Macai Macai kah. Attacking Taikor song song but TP bila mau dapat leh. Still above rm2.00 leh. Blow water so kuat tapi Taikor mana ada runtuh Not even can pecah rm2.00 talk like Taikor mau banklap lah. Tutup shop lah. Boleh ke. Bila boleh dapat baru cakap lah. Anyway work harder gor Ular to renew Fd at higher interest rate leh. Kamsahamnida again. Correct?



GlovesOff Haha Ular still sleep like a baby ka ... weeknd glove bashing is everyone's fav past time
11/12/2021 10:42 AM

Posted by GlovesOff > 2021-12-11 11:39 | Report Abuse

Har we worked not hard enough ka ... over to you lo snake oil promoter

Posted by UlarSawa > 2021-12-11 11:40 | Report Abuse

Talk apa ayam lah. China shipment to US dropped lah. Msia shipment to US naik lah. China selling cheap to US tapi Why US import more frim Msia. Quality count lah. China cheapskate low quality mah. All the good quality gloves from Msia lah. Correct?



Posted by CharlesT > Dec 11, 2021 9:35 AM | Report Abuse

Why asp n profit drops like shit?

U dump yr glove to US n Europe ah?? If not China...

Posted by UlarSawa > 2021-12-11 11:41 | Report Abuse

Where got hard enuf leh. rm2.00 pun cannot break talk ayam kuatvonly lah. Correct?


Posted by GlovesOff > Dec 11, 2021 11:39 AM | Report Abuse

Har we worked not hard enough ka ... over to you lo snake oil promoter

Posted by stockraider > 2021-12-11 11:42 | Report Abuse

Actually main beneficiary is thailand for USA gloves mkt mah!

Posted by UlarSawa > 2021-12-11 11:43 | Report Abuse

wah you moved your lamp post like IBs and broking house again kah. TP rm4.00 then rm2.50 then 60sen penny stock kah. Can or not. Must work extra hard ini macam leh. Correct?



Posted by DickyMe > Dec 11, 2021 11:16 AM | Report Abuse

"
DickyMe 80 sen coming soon!
10/12/2021 8:22 PM"
=======================

Ular panggang!

Posted by David Coperfield > 2021-12-11 11:45 | Report Abuse

No more glove topic, the season is over ! Now is EV topic dear

Posted by UlarSawa > 2021-12-11 11:46 |

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Posted by EatCoconutCanWin > 2021-12-11 11:49 | Report Abuse

Bank TP rise as results worst..yea

Posted by yfchong > 2021-12-11 11:49 | Report Abuse

Just have read the quarterly report TG china suffers loss.. with their vast experiences also cannot make thru , dun know how their china china counterpart can swim through this difficult situation... only gloves enterprenuer will knows

Posted by UlarSawa > 2021-12-11 11:52 | Report Abuse

Wby you so bother by Ular at here side promoters leh. Ular dont like JPM lah. So Ular against JPM then mustvside promoters mah. Ular orak cacing jus keep blow water ular live at condo level 5 lah. level 6 lah. level 7 lah. Ular pun takda own condo now leh. You work harder help Ular own Condo lah. Boleh kah. Anyway Taikor will do more National Ervice lah. Will pay Makmur tax in 2022 lah. Not banklap lagi lah. This is for sure mah. Taikor pun never lose a sibgle Qtr b4 lah. Time good earn more lah Time bad also earn mah but earn lesser only lah
Correct?



Posted by IronShirt > Dec 11, 2021 9:38 AM | Report Abuse

Snake(ular) Stew everyday until next Qr results. Then Crab meat and Snake stew on 28Feb 2022.
This Qr revenue 1,584,120,000 ( Revenue on 28Feb 2021 Was 5,365,482,000...Profit 3.7bil )

.....How TanSri can match 3.78Bil Deficit in Feb 2022 when Demand is Falling?????
----Next Qr results will be so RED that the Sun no longer exist....we are in MARS

Posted by yfchong > 2021-12-11 11:52 | Report Abuse

Small small player in malaysia will be tough next year..

Posted by Johnchew5 > 2021-12-11 11:52 |

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

The more ular promote price kongkam more

Posted by GlovesOff > 2021-12-11 11:55 | Report Abuse

No more special high interest fd sobs sobs

Posted by Johnchew5 > 2021-12-11 11:56 |

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Posted by UlarSawa > 2021-12-11 11:56 |

Post removed.Why?