Posted by Income > 2022-06-09 09:50 | Report Abuse

Ban for single use gloves??? Omg

Posted by thesteward > 2022-06-09 10:00 | Report Abuse

https://www.theedgemarkets.com/article/top-gloves-paper-loss-share-buyback-jumps-rm12b

Posted by thesteward > 2022-06-09 10:02 | Report Abuse

Really sad to See this . Those Retailers that kept averaging down gai sigh

Posted by Filifawa > 2022-06-09 10:05 |

Post removed.Why?

Posted by Income > 2022-06-09 10:10 | Report Abuse

The averaging down for higher dividend rates? Who always says that?

Posted by Filifawa > 2022-06-09 10:20 | Report Abuse

Someone said renew FD leh. Correct?

Posted by SinGor > 2022-06-09 10:29 | Report Abuse

this Qr could be the most exciting Qr. Beginning plunging into Black hole. Anyway getting very boring without
Ular......nobody to hentam

Posted by NatsukoMishima > 2022-06-09 10:39 | Report Abuse

1.2 billion paper loss !! Who will support this boss anymore after seeing this news ??? Bring u to holland , 50 sens also need to think deeply before buy !!

Posted by NatsukoMishima > 2022-06-09 10:41 | Report Abuse

Production cost higher than ASP ! That means glove business will be a total losing business then can shut down one by one already !

Posted by SNbright > 2022-06-09 10:51 | Report Abuse

TG is the trouble maker.
Every one is selling with a break even or small profit margin. However TG unable to secure the orders due to too bad reputation, so they disturbed the market by selling below production cost.
Are Gloves counters totally see no future

Posted by Harry > 2022-06-09 11:00 | Report Abuse

lol
sometimes i just beh tahan those glove fans
1. buy gloves for long term
2. buy gloves for high dividend
3. even after pandemic end, still need wear gloves

LOL. rip

Posted by r12047 > 2022-06-09 11:05 | Report Abuse

con-man advisors already in action

Posted by okpilllk > 2022-06-09 11:12 | Report Abuse

Man...all these FUD i see. Same as btc. Lol... Stay on the sideline mates. Watch us diamond hands buying this juicy dips. ;) Or maybe U fud so that you can buy lower? if so, well played. hehe.

Posted by Income > 2022-06-09 11:23 | Report Abuse

Your diamond hands can’t catch falling TG diamonds knives lah. Cut your hands into half… like butter? Haha

Posted by DannyArcher > 2022-06-09 11:25 | Report Abuse

I remember how glove supporters say every injection need to change new gloves…. That kind of logic also can come out… got meh? Some medical officer also never wear glove when giving injection… just use hand sanitizer… cheaper

Posted by investmalaysia618 > 2022-06-09 11:26 | Report Abuse

Wahseh production cost higher than ASP?? How wor. like that. each glove sold also losing money. if got cash to fight this war different la. but tan sri spend billion to buy back share at record high price. all burn d. maybe need financing soon. but interest rate so high leh. cannot imagine the future

Posted by Income > 2022-06-09 11:42 | Report Abuse

Don’t worry Later can learn from Dato K. Financial engineer can do attitude.

Posted by Income > 2022-06-09 11:43 | Report Abuse

Only now you know kah? Too late already to jump ship

—-

investmalaysia618
Wahseh production cost higher than ASP?? How wor. like that. each glove sold also losing money. if got cash to fight this war different la. but tan sri spend billion to buy back share at record high price. all burn d. maybe need financing soon. but interest rate so high leh. cannot imagine the future
09/06/2022 11:26 AM

Posted by SNbright > 2022-06-09 11:45 | Report Abuse

Thee are difficulties all glove companies are facing with
Because gloves are overstuffed, if you do not accept orders with lower production cost, how they want to pay for the monthly high admin cost, overhead cost, loans etc
So they forced to take in orders with losses and these continue for sometimes, they may be forced to close shop. This is a reality.
In China, it already happened many many factories closed and cleared their stocks on clearance price. I think this will happen over here as well.
So advisable dont touch glove counter,
There are many investment companies intentionally created good scenario so they can clear their heavy stocks on hand

Posted by mach10 > 2022-06-09 11:47 | Report Abuse

all the players in this industry will have bad results for the next few years due to price war. industrial consolidation is inevitable .

Posted by matklse > 2022-06-09 11:50 | Report Abuse

why top gloves don't make condoms? lol Condom is one of climate change most highly-valued products

Posted by matklse > 2022-06-09 11:51 | Report Abuse

make Condoms instead of making masks or profiting from pandemics.

Posted by Filifawa > 2022-06-09 11:53 | Report Abuse

Ularsawa stuck inside black hole lol

Posted by mach10 > 2022-06-09 11:54 | Report Abuse

Condoms manufacturing is a good idea . some need 100 each day.

Posted by matklse > 2022-06-09 11:55 | Report Abuse

make Condoms - Syariah Compliant - Climate Change silver bullet
make masks or profit from pandemics - Sin stocks - Killing people

Posted by ken2004 > 2022-06-09 11:56 | Report Abuse

Seriously you want to worry that the big bosses go bankrupt or big losses for share buying? They are not stock investor, not buying selling like us here, they are mostly to consolidate their grip on the company......

Posted by matklse > 2022-06-09 11:57 | Report Abuse

yeah, Condoms also much much better profit margin than masks and gloves.

they should make me CEO

Posted by ken2004 > 2022-06-09 11:58 | Report Abuse

The wealth of Kuan Kam Hon of Hartalega Holdings (RM8.3 billion), 11th in the Malaysian edition of the Forbes Top 50 list, while Top Glove’s Tan Sri Lim Wee Chai (RM6.16 billion), 14th, fell the most in US dollar terms, Forbes said in a statement.

Husband-and-wife duo Datuk Seri Stanley Thai and Datin Seri Cheryl Tan of Supermax, 45th on the list, saw the biggest percentage drop in their wealth, which shrank by more than two-thirds to $340 million (RM1.4 billion).

The collective wealth of this group of the five, which includes Kossan Rubber Industries’ Lim Kuang Sia (RM3.25 billion), 24th on the list, and Wong Teek Son of Riverstone Holdings (RM2.48 billion), 30th in the list, declined by more than RM25 billion.

You see here, they are rich man, this is just like numbers to them only, no need to worry on them lol......

Posted by matklse > 2022-06-09 12:12 | Report Abuse

last minute sapu

Posted by investmalaysia618 > 2022-06-09 12:15 | Report Abuse

share price drop to 0.01 boss also no feeling one. they can live happily with their fat salary. but ikan bilis lose their hard earned money. look at sapura then you know d.

Posted by Filifawa > 2022-06-09 12:17 |

Post removed.Why?

Posted by Filifawa > 2022-06-09 12:19 | Report Abuse

TG should start convert glove factories to manufacture underwear and handout a few dozens of them to its own shareholders

Posted by matklse > 2022-06-09 12:19 | Report Abuse

looks like gearing for last minute sapu, I can feel the pressure

Posted by Calvin882 > 2022-06-09 12:22 | Report Abuse

@Filifawa. Lol.. Losing until need to sell our own underwear right?

"TG should start convert glove factories to manufacture underwear and handout a few dozens of them to its own shareholders"

Posted by hoot9e996 > 2022-06-09 12:23 | Report Abuse

hmmmm today green after QR out red balik

Posted by NatsukoMishima > 2022-06-09 12:35 | Report Abuse

Glove tycoon VS EPF = glove stock minor shareholder go Holland !

Posted by NatsukoMishima > 2022-06-09 12:40 | Report Abuse

A very good lesson for all malaysia bilis !

Posted by LossAversion > 2022-06-09 12:40 | Report Abuse

Buy and wait for 3-4 years, or pray for another pandemic??? Dont mind waiting for 3-4 years. Good companies (TG, Harta, Supermax) will not vanish overnight; only those "keci mai" will go bust first!!

Posted by Legend > 2022-06-09 12:46 | Report Abuse

KUALA LUMPUR: Pengeluar sarung tangan getah Malaysia, yang muncul antara sektor paling untung tahun lalu kembali berdepan dengan realiti selepas jumlah kekayaan pengasas lima syarikat terbesar industri itu di negara ini jatuh sebanyak RM25 bilion dalam tempoh setahun.

Permintaan bagi peralatan perlindungan peribadi mendatar apabila pandemik semakin reda, sekali gus menurunkan harga saham syarikat berkenaan, demikian menurut kenyataan Forbes Asia.

Nilai kekayaan Kuan Kam Hon daripada Hartalega Holdings Bhd dan Tan Sri Lim Wee Chai daripada Top Glove Corporation Bhd mencatatkan penurunan terbesar, dengan kedua-duanya menduduki tempat ke-11 dan 14 dalam senarai individu paling kaya di Malaysia.

Pasangan suami isteri daripada Supermax Corporation Bhd, Datuk Seri Stanley Thai dan Datin Seri Cheryl Tan pula menyaksikan peratus kemerosotan terbesar, apabila nilai kekayaan mereka menguncup lebih daripada dua pertiga kepada AS$340 juta (RM1.5 bilion).

Nilai kekayaan lima syarikat sarung tangan terbesar, termasuk Tan Sri Lim Kuang Sia daripada Kossan Rubber Industries Bhd dan Wong Teek Son daripada Riverstone Holdings Limited jatuh lebih daripada AS$5.7 bilion (RM25 bilion).

Posted by ragate > 2022-06-09 12:50 | Report Abuse

I expect Topglove to make RM25-30 million profit this quarter.

Posted by ocbc > 2022-06-09 12:57 | Report Abuse

Like a casino now in KLCI

Posted by DannyArcher > 2022-06-09 13:06 | Report Abuse

Goodlord… what kind of result is this?

Posted by DannyArcher > 2022-06-09 13:08 | Report Abuse

Just like shale gas that went bust in 2014, the industry never recovers and those that survived today are making tons of money. Glove will go thru the same thing, it will not go up until the new players die, then small players also die, and then maybe one big player die… then it will only gradually go up, will probably take 10+ years

Posted by LossAversion > 2022-06-09 13:13 | Report Abuse

Top Glove 3Q net profit slumps to RM15m from RM2.04b a year earlier?

Posted by LossAversion > 2022-06-09 13:13 | Report Abuse

https://www.theedgemarkets.com/article/top-glove-3q-net-profit-slumps-rm15m-rm204b-year-earlier

Posted by nicholas99 > 2022-06-09 13:15 | Report Abuse

worse than last quarter..

Posted by Ryan83 > 2022-06-09 13:15 | Report Abuse

Top Glove 3Q net profit slumps to RM15m from RM2.04b a year earlier.
Earning per share (EPS) = 0.19sen
Current PE = 150+

Posted by nicholas99 > 2022-06-09 13:15 | Report Abuse

2012 profit is better than now.

Posted by ks5S > 2022-06-09 13:17 | Report Abuse

pn17.in the making

Posted by matklse > 2022-06-09 13:20 | Report Abuse

lesson for the sinners, pandan muka