TOP GLOVE CORPORATION BHD

KLSE (MYR): TOPGLOV (7113)

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Last Price

1.00

Today's Change

0.00 (0.00%)

Day's Change

0.995 - 1.02

Trading Volume

5,534,300


72 people like this.

203,023 comment(s). Last comment by omione 6 minutes ago

FabioDulan

245 posts

Posted by FabioDulan > 2021-12-14 09:49 | Report Abuse

Can some unbiased old timers explain here? Tq

pdchs

574 posts

Posted by pdchs > 2021-12-14 09:50 | Report Abuse

TG paid dividend 70% & aggressive expension compared to other Harta , supermx and kossan.

FabioDulan

245 posts

Posted by FabioDulan > 2021-12-14 09:52 | Report Abuse

I mean if company starts making losses and continue so for many quarters in future, sure cashflow is broken. If worst case have to liquadate assets, then share price is very overvalued at 2.03 over 0.86 net assets only. Am I correct?

pang72

50,946 posts

Posted by pang72 > 2021-12-14 09:52 | Report Abuse

Why no drop leh?

pang72

50,946 posts

Posted by pang72 > 2021-12-14 09:52 | Report Abuse

Everyone wishes it drop then it will go up

i3lurker

13,946 posts

Posted by i3lurker > 2021-12-14 09:53 | Report Abuse

no worries

Just look at AA will know does not affect share price
AA negative 5.9 billion no issue

so for TG negative 12 Billion is nothing lah

keep calm and keep buying to help EPF





FabioDulan Share price now 2.03
NTA 0.86
Short term borrowings 305,551,000
Long term borrowings 133,501,000
Cash 894,949,000

Why cash fallen so much? Where has all cash gone to?

Net assets is worth only 0.86 per share. Now share price is around 2.03 range. Is that not expensive? What if company starts making losses next few quarters?
14/12/2021 9:48 AM

Posted by InsiderShark > 2021-12-14 09:54 | Report Abuse

and they still have long term borrowings.... they should have used the opportunity to clear all debts, then use the money to modernize their factories, and use some to expand vertically.... but no, sharesbuyback and divedends are the priority because someone wants to be the biggest company in Malaysia.

FabioDulan

245 posts

Posted by FabioDulan > 2021-12-14 09:54 | Report Abuse

pdchs, the dividend payout is only sustainable if company continues to make profits but what if otherwise?

xiaomixiaohai

1,169 posts

Posted by xiaomixiaohai > 2021-12-14 09:57 | Report Abuse

Haha will go bust lol

xiaomixiaohai

1,169 posts

Posted by xiaomixiaohai > 2021-12-14 09:58 | Report Abuse

Money being siphoned out lah lol

mh87

3,966 posts

Posted by mh87 > 2021-12-14 10:08 | Report Abuse

Everytime market worries about covid19 virus then all glove stocks will temporarily go up.

This is similar trend that will leads to another 52week low when market back to normal.

stingray_ea

2,765 posts

Posted by stingray_ea > 2021-12-14 10:09 | Report Abuse

zoom in zoom out ... issue pop out ..

Sansing

1,028 posts

Posted by Sansing > 2021-12-14 10:11 | Report Abuse

HLinvest gaves TP RM1.56 löl!

Johnchew5

11,339 posts

Posted by Johnchew5 > 2021-12-14 10:11 |

Post removed.Why?

i3lurker

13,946 posts

Posted by i3lurker > 2021-12-14 10:11 |

Post removed.Why?

UlarSawa

35,552 posts

Posted by UlarSawa > 2021-12-14 10:13 | Report Abuse

Tan Sri sharing company windfall profit with shareholders you all also not happy apa lah. Better rhan many comapnies never give dividend for many years leh.. C ompany still ada net 1 billion cash lah. You all very bad mouth lagi fitmah Tan Sri siphoned money out lagi. Tak patut lah. Sendiri pun tak upaya nak run a MNC business lagi kutuk Tan Sri. Macam you are billionaire juga leh
Tapi entah millionaire ada tak. Correct?



xiaomixiaohai Haha will go bust lol
14/12/2021 9:57 AM

xiaomixiaohai Money being siphoned out lah lol
14/12/2021 9:58 AM



InsiderShark and they still have long term borrowings.... they should have used the opportunity to clear all debts, then use the money to modernize their factories, and use some to expand vertically.... but no, sharesbuyback and divedends are the priority because someone wants to be the biggest company in Malaysia.
14/12/2021 9:54 AM

xiaomixiaohai

1,169 posts

Posted by xiaomixiaohai > 2021-12-14 10:14 | Report Abuse

Blinken goes back and tell Biden to ban TG.... game over lah....boycott lol

UlarSawa

35,552 posts

Posted by UlarSawa > 2021-12-14 10:15 | Report Abuse

Q1 2022 still making 185mil Q2 still making money lagi lah. Q3 n Q4 too far away canot see yet but follow Taikor past records never loss a single Qtr one. You think Taikor willl make a loss kah. 90% chances will make money lah. Only 10 % in case only. Correct?


FabioDulan pdchs, the dividend payout is only sustainable if company continues to make profits but what if otherwise?
14/12/2021 9:54 AM

UlarSawa

35,552 posts

Posted by UlarSawa > 2021-12-14 10:17 | Report Abuse

Why you always take Serba and compare with Taikor one leh. No better company to compare kah. How can you compare hell and heaven leh. Correct?


i3lurker Suiyee Sucker Bilis borrowed money from Ah Loong and bought many container loads of Serba.

same thing will happen here at TG too.
14/12/2021 9:45 AM

UlarSawa

35,552 posts

Posted by UlarSawa > 2021-12-14 10:19 | Report Abuse

Go to Youtube and FB sifu ada explained in details. lah. Cash must add Money Market and Debt securities Taikor is holding lah. Told you already mah Correct?


FabioDulan Share price now 2.03
NTA 0.86
Short term borrowings 305,551,000
Long term borrowings 133,501,000
Cash 894,949,000

Why cash fallen so much? Where has all cash gone to?

Net assets is worth only 0.86 per share. Now share price is around 2.03 range. Is that not expensive? What if company starts making losses next few quarters?
14/12/2021 9:48 AM

FabioDulan Can some unbiased old timers explain here? Tq
14/12/2021 9:49 AM

Johnchew5

11,339 posts

Posted by Johnchew5 > 2021-12-14 10:19 |

Post removed.Why?

UlarSawa

35,552 posts

Posted by UlarSawa > 2021-12-14 10:23 |

Post removed.Why?

xiaomixiaohai

1,169 posts

Posted by xiaomixiaohai > 2021-12-14 10:24 | Report Abuse

Whole world flooded with gloves....who use the excess gloves? Machines all over the world churning out gloves like butter lol

xiaomixiaohai

1,169 posts

Posted by xiaomixiaohai > 2021-12-14 10:29 | Report Abuse

Ular....why red leh? Lol

stingray_ea

2,765 posts

Posted by stingray_ea > 2021-12-14 10:30 | Report Abuse

anytime break rm 2

UlarSawa

35,552 posts

Posted by UlarSawa > 2021-12-14 10:31 | Report Abuse

Tan Sri working so hard also want to take care shareholders also leh. Not many companies doing what Tan Sri is doing sharing 70% of the profit as dividend leh. Expanding is to fight the competition from other gloves makers leh. You dont expand and the competitors expanding very soon they will swallow all the market shares leh. Tan Sri see the furure is like this so need to prepare Taikor for the worst scenerio to have a price war in the future. Only with higher volume production can lower down Taikor cost and fight the competitors leh. Thats how Taikor want to aurvive and stand atvthe top leh. Msia big 4 gloves makers only left Taikor and Harta will most likely with the capacity to remain at top as other countries also expanded rapidly like Thai Sri Trang and China Intco and Blue Sail most likely overtake Supermax and Kossan capacity leh. Correct?


pdchs TG paid dividend 70% & aggressive expension compared to other Harta , supermx and kossan.
14/12/2021 9:50 AM

stingray_ea

2,765 posts

Posted by stingray_ea > 2021-12-14 10:31 | Report Abuse

lu c lu

i3lurker

13,946 posts

Posted by i3lurker > 2021-12-14 10:32 | Report Abuse

Keep calm and continue buying to help EPF

According to Microsoft punya Bill Gates a pandemic will come once every hundred years
just HOLD the share for the next 100 years

https://www.businessinsider.nl/bill-gates-thinks-the-acute-phase-of-covid-19-pandemic-will-be-over-in-2022-despite-the-emergence-of-the-omicron-variant/

Markv572421

3,342 posts

Posted by Markv572421 > 2021-12-14 10:32 |

Post removed.Why?

mh87

3,966 posts

Posted by mh87 > 2021-12-14 10:38 | Report Abuse

Emmm it hits another new 52week low. Totally not a good move.

Markv572421

3,342 posts

Posted by Markv572421 > 2021-12-14 10:38 | Report Abuse

You die already ...no need to buy shares anymore


3lurker Keep calm and continue buying to help EPF

According to Microsoft punya Bill Gates a pandemic will come once every hundred years
just HOLD the share for the next 100 years

https://www.businessinsider.nl/bill-gates-thinks-the-acute-phase-of-co...
14/12/2021 10:32 AM

UlarSawa

35,552 posts

Posted by UlarSawa > 2021-12-14 10:40 | Report Abuse

Why red kah. Bcos you all macai macai come here beramai ramai mah. Helping Ular to renew FD at higher interest rate leh. You all work harder pls. Kamsahamnida. Correct?


xiaomixiaohai Ular....why red leh? Lol
14/12/2021 10:29 AM

Johnchew5

11,339 posts

Posted by Johnchew5 > 2021-12-14 10:40 |

Post removed.Why?

xiaomixiaohai

1,169 posts

Posted by xiaomixiaohai > 2021-12-14 10:43 | Report Abuse

How much LWC paid u to carry balls daily? Lol

xiaomixiaohai

1,169 posts

Posted by xiaomixiaohai > 2021-12-14 10:50 | Report Abuse

After killed all bilis at 2.00 the floodgate will open to mass shorting and dumping .... blockbuster TG to be kicked out of KLCI just like supermax lol

FabioDulan

245 posts

Posted by FabioDulan > 2021-12-14 10:54 | Report Abuse

After minus everything else the net tangible assets is only 0.86 per share. If company is not profitable running into losses, how is dividend payout sustainable? Don't u think share price now 2.xx is overpriced?

Markv572421

3,342 posts

Posted by Markv572421 > 2021-12-14 10:55 |

Post removed.Why?

i3lurker

13,946 posts

Posted by i3lurker > 2021-12-14 10:56 | Report Abuse

no worries

Ular will give a RM10 Biliion interest free no need to pay back loan to TG

Keep calm and continue buying to help EPF



FabioDulan After minus everything else the net tangible assets is only 0.86 per share. If company is not profitable running into losses, how is dividend payout sustainable? Don't u think share price now 2.xx is overpriced?
14/12/2021 10:54 AM

Stockisnotfun

5,143 posts

Posted by Stockisnotfun > 2021-12-14 10:58 | Report Abuse

Ular why don't come back to my cave. Is warm inside

fruitcake

822 posts

Posted by fruitcake > 2021-12-14 10:59 | Report Abuse

back to Xmas offer. buy 1 free1

xiaomixiaohai

1,169 posts

Posted by xiaomixiaohai > 2021-12-14 11:01 | Report Abuse

If out of business....TG can bankrupt....anything is possible lol

UlarSawa

35,552 posts

Posted by UlarSawa > 2021-12-14 11:05 | Report Abuse

Ular dunno where is your cave leh. Batu cave or Gua Niah kah. Inside ada tahi kelawar or bird nest kah. Ular is boy boy leh. you girl girl kah. Ular ada wife cannot go to your cave leh. Ular only ada one cave leh. Very faithful always go back to Ular punya cave only leh. Outside punya cave very dirty leh. Ular scare kena infected by kuman leh. Cotrect?


Stockisnotfun Ular why don't come back to my cave. Is warm inside
14/12/2021 10:58 AM

SinGor

4,874 posts

Posted by SinGor > 2021-12-14 11:09 | Report Abuse

FabioDulan After minus everything else the net tangible assets is only 0.86 per share
_____________________________________________

Thanks TG's accountant. I am sure TanSri listen to your advise.....Die-Die also want to sell
shares in HK to raise RM2 billion....Ular useless, everyday only know how to carry TS's Uranium Nuts...too much radiation, now alittle Bit kong-kong

UlarSawa

35,552 posts

Posted by UlarSawa > 2021-12-14 11:14 | Report Abuse

Taikor Banklap kah. You sure or not. Sudah cakap 6 moons at here since Ular mari sini bikin reban leh. When mau banklap. 2022 kah. So scary got such JPM Pom Pom girls at here helping JPM paymaster to achieve the TP. Correct?


xiaomixiaohai If out of business....TG can bankrupt....anything is possible lol
14/12/2021 11:01 AM

Posted by Investwiselyz > 2021-12-14 11:15 | Report Abuse

Yeah
Today green

UlarSawa

35,552 posts

Posted by UlarSawa > 2021-12-14 11:16 | Report Abuse

You said 30sen kambing and Tan Sri delist Taikor leh. Now cakap raise 2 bil from HK. Meaning no more delisted kah. Be be consistent sikit. Just less than 24hrs you can talk differently leh. Ini macam blow water very scary leh. Correct?



SinGor FabioDulan After minus everything else the net tangible assets is only 0.86 per share
_____________________________________________

Thanks TG's accountant. I am sure TanSri listen to your advise.....Die-Die also want to sell
shares in HK to raise RM2 billion....Ular useless, everyday only know how to carry TS's Uranium Nuts...too much radiation, now alittle Bit kong-kong
14/12/2021 11:09 AM

xiaomixiaohai

1,169 posts

Posted by xiaomixiaohai > 2021-12-14 11:23 | Report Abuse

Do so much expansion to siphon out money lol

pBlue

803 posts

Posted by pBlue > 2021-12-14 11:23 | Report Abuse

Well luckily TG is still profitable. As the pandemic ends, it dividends will shrink and going back to normal, like it has done many times in the past 20 years. But each outbreaks injects massive amount of money into the company, allowing it to expend. By 2025, TG aims to increase its production capacity to 201bn gloves, which is nearly 300% from its pre-pandemic days. TG has already increased its production capacity from 68bn gloves to 100bn gloves per year.

It is how much money the company generate and how much money dividends it is paying.

Public Bank has a NTA of RM2.421 and is trading at RM4.01

LCTITAN has a NTA of RM5.70 and is trading at RM2.25, when as low as 97.5sen

Tenaga has an NTA of RM9.639 and is trading at RM9.20

Maybank has an NTA of RM7.174 and is trading at RM8.11

Anyway... if you don't feel comfortable investing in TG, don't. There are a lot of other companies you can invest in.

Just remember, even though the glove bull run is over and has reverted to pre-pandemic prices, the covid pandemic continues. Take care of yourself.


Posted by FabioDulan > Dec 14, 2021 10:54 AM | Report Abuse
After minus everything else the net tangible assets is only 0.86 per share. If company is not profitable running into losses, how is dividend payout sustainable? Don't u think share price now 2.xx is overpriced?

MiaoMiao7

449 posts

Posted by MiaoMiao7 > 2021-12-14 11:25 | Report Abuse

PBlue…. You think u can lie? Tg expanding? They already say on hold, means no more growth

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