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

Posted by NatsukoMishima > 2022-05-11 16:34 | Report Abuse

82 sen to 1.20 coming !

Posted by NatsukoMishima > 2022-05-11 16:34 | Report Abuse

Hold longer loss bigger !

Posted by FabioDulan > 2022-05-11 17:21 | Report Abuse

Actually JPM issued TP 1.50 means there is no upside unless it drop to 1.00 then maybe got upside 30%

So... get ready for it to drop further

Posted by FabioDulan > 2022-05-11 17:22 | Report Abuse

Daily salesman also disappeared... u know what to do lah haha

Posted by CUTLOST > 2022-05-11 18:28 | Report Abuse

Bot 1.20 next week

Posted by UlarSawa > 2022-05-11 21:39 | Report Abuse

Mana ada salesnan at here. Only ada kakijudi only leh. Correct?


FabioDulan

Daily salesman also disappeared... u know what to do lah haha

4 hours ago

Posted by UlarSawa > 2022-05-11 21:40 | Report Abuse

Tan Sri buying and holding mana ada lose more leh. Correct?


NatsukoMishima

Hold longer loss bigger !

5 hours ago

Posted by UlarSawa > 2022-05-11 21:43 | Report Abuse

JPM price not rm1.50 leh. Itu long time sudah not valid mah.JPM tukar countless and now only TP 99sen leh. Correct?

FabioDulan

Actually JPM issued TP 1.50 means there is no upside unless it drop to 1.00 then maybe got upside 30%

So... get ready for it to drop further

4 hours ago

Posted by NatsukoMishima > 2022-05-11 23:17 | Report Abuse

@UlarSawa

13,510 posts

Posted by UlarSawa > 1 hour ago | Report Abuse

Tan Sri buying and holding mana ada lose more leh. Correct?


NatsukoMishima

Hold longer loss bigger !

5 hours ago

_____
U are not tan sri , u are a naive snake !

Posted by GlovesOff > 2022-05-12 06:14 | Report Abuse

CacingSuay is back . ToppledGlove soon ! Haha

Posted by thesteward > 2022-05-12 09:47 | Report Abuse

I wonder how big The ‘loss es’ from the earlier sbb at rm7+? Anyone got the figures?

Posted by Ryan83 > 2022-05-12 09:59 | Report Abuse

Top Glove next month QR profits not looking good as ASP price still depressed, increase glove supply and higher wages, utility and logistics cost

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

Naked dancer came out short while only but no long dancing

Posted by SinGor > 2022-05-12 10:28 | Report Abuse

Public Bank Tp 1.48, obviously PB has many clients Trapped...Harta Tax Makmur is 400mil, can TG taxes be
Less

Posted by feikeiwong > 2022-05-12 10:48 | Report Abuse

Still have ppl believe in glove ah

Posted by dickfaceinvestor88 > 2022-05-12 11:08 |

Post removed.Why?

Posted by Filifawa > 2022-05-12 13:18 | Report Abuse

Someone hope to eat KFC but get chicken bones

Posted by CUTLOST > 2022-05-12 14:14 | Report Abuse

Bot 99cts next month

Posted by FabioDulan > 2022-05-12 15:03 | Report Abuse

Its NTA keeps dropping to 0.70 to date. No more glove glory days since endemic started... should be going downhill from here. Can share price be maintained? Fair value should be way below 70sen tbh

Posted by HK_Wealth_Management > 2022-05-12 15:03 | Report Abuse

buy Serba Dinamik Holdings Bhd

Posted by Filifawa > 2022-05-12 15:36 | Report Abuse

That tiktok dancer doesn't want to come out do a show lol

Posted by Loh Kok Wai W > 2022-05-12 16:06 | Report Abuse

1.50 sudah pecah ...Tan Sri buy in.......Puan Sri n family sold out....tangan kiri beli,...tangan kanan jual...believe them ...you will lost more ...

Posted by SinGor > 2022-05-12 16:25 | Report Abuse

Ular goes hiding Or give up. Trying to pull Two-2Ton Nuts up Hill is hard. But when the Batang is Chopstick
size, things just refused to move.

Posted by maggiemee > 2022-05-12 17:25 |

Post removed.Why?

Posted by maggiemee > 2022-05-12 17:26 |

Post removed.Why?

Posted by maggiemee > 2022-05-12 17:26 |

Post removed.Why?

Posted by thesteward > 2022-05-12 18:41 | Report Abuse

Wah slow death so Low di

Posted by Loh Kok Wai W > 2022-05-12 20:46 | Report Abuse

Snake is Top Glove broker ......he makan commission from Top Glove ...he sold glove counter since 2020 already....who believe snake talk ,is Silly...

Posted by prudentinvestor > 2022-05-12 22:18 | Report Abuse

This counter has dropped by over 80% from its peak about 18 months ago. I don't think the downtrend has ended.

Posted by freddiehero > 2022-05-12 22:21 | Report Abuse

apa Saya dengar orang cakap boss mau sapu? so boss wait down baru sapu kakaka?

Posted by Loh Kok Wai W > 2022-05-12 22:24 | Report Abuse

Tan Sri bukan bodoh ...dia beli banyak tak wakil harga akan naik...he still control this company.....

Posted by Legend > 2022-05-12 22:43 | Report Abuse

Below 0.90 can sapu

Posted by acai78 > 2022-05-13 00:00 | Report Abuse

ular sawa make a joke la..as i told earlier 1.5 sooner or later and now it happen...keep on dreaming liau this ular

Posted by acai78 > 2022-05-13 00:04 | Report Abuse

TG once break 1.4, 1.1-0.9 is otw....0.8-0.75 is the only area if we are looking to start buy

Posted by Excel Properties > 2022-05-13 00:41 | Report Abuse

Kompom 1 Ringgit coming soon.

Posted by gohkimhock > 2022-05-13 00:47 | Report Abuse

produce billions of gloves also no use. How many people are actually using? Some countries had even drop mask requirement.

Posted by The_JQuestion > 2022-05-13 01:17 | Report Abuse

hehe i buy top glove gloves and use good quality not cheap u know

Posted by Filifawa > 2022-05-13 08:12 | Report Abuse

Dancing without underwear inside cave is so fun leh. Correct?

Posted by nicholas99 > 2022-05-13 11:26 | Report Abuse

haiya.. if want, ask topglove compulsory his employees buy 100 box each every month. :)

Posted by FabioDulan > 2022-05-13 11:27 | Report Abuse

Dwindling demand for gloves, the stock is overpriced, gloves overcapacity, etc.... Just some of the reasons why it will keep dropping RIP

Posted by nono_hardi > 2022-05-13 11:31 | Report Abuse

Price back to what it used to be

Posted by smartmove100 > 2022-05-13 12:11 | Report Abuse

haha

Posted by CUTLOST > 2022-05-13 15:05 | Report Abuse

Ok Q sell 1.80