Posted by AdCool > 2022-05-09 17:50 | Report Abuse

Cont to accumulate slowly. Comparing to 1 year ago, the downtrend has been much slower and stabilize. now just need to wait for Harta and Supermax to announce their results by end May and get hit with another wave of selldown on gloves. Next, all the earning would be stabilized and back to normal trajectory

Posted by freddiehero > 2022-05-09 18:30 | Report Abuse

hebat betul today..

Posted by StartOfTheBull > 2022-05-09 19:34 | Report Abuse

Ular also missing now. Cerita habis.

Posted by SinGor > 2022-05-09 20:13 | Report Abuse

For the Last 8 months, whenever TanSri starts Dealing BEFORE Qr results ( usually buying 3mil shares )
Results is always Bad...Take Note pls

Posted by BursaVulture > 2022-05-09 20:51 | Report Abuse

Harta delayed their qr again, everytime company drag their feet in releasing their qr, this means bad news coming. get ready for vulture to circle around glove stocks for the next few quarters.

Posted by yfchong > 2022-05-09 21:43 | Report Abuse

Habis lah ini kali...,.

Posted by mokluhanj21 > 2022-05-09 22:27 | Report Abuse

shit la weh. when is this gonna stop? this tape is broken real bad man. this counter has lost 80% of value weh from its ATH. will it lose another 80%? damn... broke weh. haha.

Posted by Loh Kok Wai W > 2022-05-10 08:27 | Report Abuse

Down jones drop again......

Posted by Noni > 2022-05-10 09:07 | Report Abuse

Tan Sri, we trust you buyback good

Posted by KudaBengaliu > 2022-05-10 09:13 |

Post removed.Why?

Posted by dickfaceinvestor88 > 2022-05-10 09:20 |

Post removed.Why?

Posted by Pek79 > 2022-05-10 10:11 | Report Abuse

This top gloves, wasn't it expand too fast?
the issued share increased from 2.6 billion to 8 billion in 2021. 3 times expanded, crazy.

if the revenue drop back to before covid, mean the fair share price is 1/3 of before Covid, RM0.5x ......

Posted by CUTLOST > 2022-05-10 10:22 | Report Abuse

Bot 1.57

Posted by Filifawa > 2022-05-10 11:15 | Report Abuse

Ularsawa the naked dancer busy sewing torn underwear kah. Correct?

Posted by dickfaceinvestor88 > 2022-05-10 11:18 |

Post removed.Why?

Posted by KudaBengaliu > 2022-05-10 11:41 |

Post removed.Why?

Posted by carimakan > 2022-05-10 12:34 | Report Abuse

dulu ramai yg untung dekat topglove.. tp sekarang ramai yg rugi teruk pula.. belajarlah sesuatu. apila kita di atas, jgn sombong.. kekayaan bukan selamanya.

Posted by Karma4444 > 2022-05-10 13:25 | Report Abuse

Topglove 80sen

Posted by SinGor > 2022-05-10 13:33 | Report Abuse

HARTA Qr loss 190mil....How can TG Qr loss less than 500mil?????????????

Posted by SinGor > 2022-05-10 13:35 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3257984

Harta result for yr perusal

Posted by FabioDulan > 2022-05-10 15:06 | Report Abuse

Harta net loss almost 200m so TG will be even worse RIP

Posted by dickfaceinvestor88 > 2022-05-10 15:42 |

Post removed.Why?

Posted by NatsukoMishima > 2022-05-10 16:19 | Report Abuse

Wow finally QR net loss comes true to Malaysia glove company , Harta net loss 190 m ! Now believe already what people warned u before ! Top glove will be more worst than harta ! 82 - 1.20 coming !

Posted by Filifawa > 2022-05-10 16:23 | Report Abuse

Naked dancer gone into hiding haha

Posted by NatsukoMishima > 2022-05-10 16:24 | Report Abuse

Harta will drop to rm 2.xx ! Hold longer loss bigger until u bankrupt , really a good value investment with 3 sens dividen at rm 4.xx per share ! Wake up dude !

Posted by GlovesOff > 2022-05-10 16:45 | Report Abuse

Haha cacing hiding under new id ???

Tansuey slash i3 budget haha

Posted by Excel Properties > 2022-05-10 16:51 | Report Abuse

Now semua bisness sudah buka. Demand for kondom melonjak tinggi after 2-year lockdown..huhuhu

Posted by prudentinvestor > 2022-05-10 17:06 | Report Abuse

Ask 100 people who have invested in bank/plantation stocks over the past 6 months, over 95% would tell you that they have made some profit from their investments. Ask another 100 people who have investments in glove stocks, almost 100% would tell you that they regret making the investments.

Posted by AdCool > 2022-05-10 17:29 | Report Abuse

so many ppl dont even understand why Harta reported almost 200 mil losses and yet the share price up 0.06 today instead of dropping below rm4. Nobody even realized that Kossan reported poorer profit but the price didnt drop as well. Now just wait for Supermax.

Posted by GlovesOff > 2022-05-10 17:58 | Report Abuse

Hahaha ActCool

Glove from billons to reduced profit now to loss also can speak in glowing terms

Really DieHard

Posted by williamh > 2022-05-10 21:38 | Report Abuse

The key issue is the co keep increasing the share issue from 2.6 b to 8 bil,if the co has the investors concern they should not treaties the co as printing machine now its back fire

Posted by williamh > 2022-05-10 21:40 | Report Abuse

Which coffee would you like, coffee kaw kaw or kopi water

Posted by dickfaceinvestor88 > 2022-05-11 08:27 |

Post removed.Why?

Posted by Filifawa > 2022-05-11 08:34 | Report Abuse

Where is Ularsawa the actor, singer, dancer, trader, FD depositor cum investor? Hahaha

Posted by SinGor > 2022-05-11 09:24 | Report Abuse

AdCool
so many ppl dont even understand why Harta reported almost 200 mil losses and yet the share price up 0.06
_________________________________________

IB holding Hundred and millions will NOT allow price to Drop ( that is Final ) Once Ikan Bilis move to
other shares, IB will slowly Liquidate At Control price....Bad Qr is Bad Qr, no IF or But....Ikan Bilis is much
smarter than IB in every sense ( they can move fast bcos small Holdings )

Posted by HK_Wealth_Management > 2022-05-11 10:08 | Report Abuse

Currently a lot of "Covid sick cat" in HongKong, lack of manpower

Posted by FabioDulan > 2022-05-11 10:14 | Report Abuse

Cummulative losses will reach 1 billion? Everything is possible

Posted by GlovesOff > 2022-05-11 10:40 | Report Abuse

Cacing dicincang?
zirafah neck wait long2 for that tapeworm to defend haha

Posted by SinGor > 2022-05-11 10:47 | Report Abuse

Ular will surely re-appear later...surely claiming Himalaya Cave Collapse ( has to dig his way out )

Posted by thesteward > 2022-05-11 10:53 | Report Abuse

Mbb -91
Jp -99

Posted by vcinvestor > 2022-05-11 11:14 | Report Abuse

D-day is tomorrow - MSCI Index Review. Bye bye topglove?

Posted by prudentinvestor > 2022-05-11 11:32 | Report Abuse

Just over one and a half years ago, Top Glove was the second largest company listed on Bursa Malaysia and en route to becoming the largest listed company, displacing Maybank. Many Top Glove investors were convinced.

Posted by SinGor > 2022-05-11 11:49 | Report Abuse

Now after 1.5year, TG looking at Bottom of Glove Counters due Over investment and Tan Sri Dreaming to
be Top 3 Billionarie in the World has abused Cash flow by share buyback ( 1billion )

Posted by SinGor > 2022-05-11 11:51 | Report Abuse

Ular the Official Nut Carrier has been busy Dig New caves in Himalaya for himself and T.Sri

Posted by Investor126 > 2022-05-11 11:58 | Report Abuse

What happened to Top Glove's aim of Fortune 500?
Over ambitious ended up turned the other way round. Or still pursuing the dream?

Posted by Excel Properties > 2022-05-11 12:23 | Report Abuse

In between MCO 1.5yrs ago, one ah pek plumber came to fix my house toilet. He also started telling me to buy glove counter. He even shared with me how much he and his family members all 'invested' their live savings in TG and Harta. I sincerely hope they have stop loss along the way

Posted by Filifawa > 2022-05-11 13:49 |

Post removed.Why?

Posted by ychong88 > 2022-05-11 15:43 | Report Abuse

really can see 1.50 or even lowest price............

Posted by NatsukoMishima > 2022-05-11 16:27 | Report Abuse

KUALA LUMPUR (May 11): Analysts on Wednesday (May 11) cut their earnings forecasts for Hartalega Holdings Bhd on lower glove average selling prices (ASPs) and sales volume, as well as higher cost.

This was after the group posted its first-ever quarterly loss of RM197.9 million for the fourth quarter ended March 31, 2022 (4QFY22) due to a provision for the Prosperity Tax (Cukai Makmur). This brought its full-year earnings for FY22 to RM3.23 billion.

The results were within most analysts' expectations.

KAF Research analyst Nabil Zainoodin said in a note that he expects the group to return to profitability next quarter as the management had guided that the effective tax rate will be lower than the prevailing corporate tax rate of 24% from next quarter.

“That said, Hartalega's near- to mid-term outlook remains challenging given the intense competition resulting from the oversupplied glove market. The downward pricing pressure in the current environment would make it difficult for the group to fully pass on the rising input cost to customers, which could result in further margin compression,” he said.

Additionally, he said global logistics disruptions and container shipping shortages may continue to affect shipments and possibly may persist for the next few quarters.

Post the full FY22 results release and based on the management's forward guidance, he revised his FY23 and FY24 earnings forecasts for Hartalega downwards by 11% and 3% to RM582.8 million and RM528.3 million respectively.

"We maintain our 'sell' recommendation on Hartalega and revise our target price (TP) to RM3.66 from RM3.80 previously based on 2023 of 15.9 sen pegged at -0.5 standard deviation below the five-year historical mean forward price-earnings ratio (PER) of 23 times," he said.

Affin Hwang Investment Bank analyst Ng Chi Hoong also in a note lowered his FY23 and FY24 earnings per share (EPS) forecasts for Hartalega by 1.5% and 0.4% to RM634.3 million and RM832.7 million respectively to factor in the latest performance, and the latest ASP and sales volume assumptions.

“We are not expecting a major improvement in sales volume in the next few quarters as the lack of workers has limited Hartalega’s ability to increase output,” he said.

He also said the group’s margins are likely to remain depressed due to competition.

He believes that its earnings before interest, taxes, depreciation and amortisation (EBITDA) margin had yet to bottom at 26.7% in 4QFY22, given that it was still significantly above the 22% to 23% achieved in 2019.

“The management highlighted that as there is new capacity coming through in the first half of 2022, margins would continue to remain depressed as it would be challenging for Hartalega to raise ASPs to pass on the rising production cost. As such, we reckon that profit margins would only likely bottom out by the end of 2022,” he said.

He maintained his "sell" call on Hartalega due to continued uncertainty over future ASPs and lowered his TP to RM3 from RM4.60 based on 13 times 2023 PER (from 12.5 times 2022 PER).

Posted by beso > 2022-05-11 16:30 | Report Abuse

like it not doesn't matter, standby to be kicked out from fbmklci constituents. lol