Posted by ken2004 > 2022-06-09 22:28 | Report Abuse

if 50 cent, roughly means this company will worth around 4 billion as now mention said around 10 billion, they have cash reserve i think around 500 million++ since last quarter mention 600 million++, their asset said to be worth around 5 billion, till now their annual profit for 2022 is around 300 million, cukai makmur seems not much as their financial year end at aug 2022 especially if predict in red next quarter..........

Posted by i3lurker > 2022-06-09 23:32 | Report Abuse

As at the end of the reporting quarter, the Group had approved and contracted for capital expenditure amounting approximately to RM773 million.

available cash is RM1,004 million
=> left only RM231 million

if happened again a Gross Loss, TG has cash to last only 2 months looking at historical burn rate of 100 mil a month.

Guaranteed the Snaky Snake punya gaji will not be paid soon.

the alternative is to be a Chow Kah

Posted by i3lurker > 2022-06-09 23:42 |

Post removed.Why?

Posted by Income > 2022-06-09 23:42 | Report Abuse

Surely will jumpx from Klcc next. Blame TG lah.

Posted by Mini2021 > 2022-06-09 23:50 | Report Abuse

BREAKING NEWS: MAHSING going to acquire TOPGLOV and agree to PAY RM 10 per 1,000 units of shares....

Posted by i3lurker > 2022-06-09 23:50 | Report Abuse

one way is to terminate all contracted capex of RM773 million
might need to pay some penalties.
even 10% deposit penalties forfeited also nevermind

no wonder TG changed MD
must have had a long and huge argument at BOD meetings.

Posted by i3lurker > 2022-06-10 00:04 | Report Abuse

Top Ten TG

Terminate Snaky Snake without compensation to save costs
Immediate Capacity Reset to 15,000 workers

Freeze or terminate all Capex
Machine Reset to remove low quality latex lines

Minimise indirect staff.
No more dividends (to make Snaky Snake unhappy)

Execute PP for more cash
Execute RI for more cash

Asset sales like Snaky Snake punya laptop, handphone, car and table.
Company wide cost reduction (without playing with any third party meters)

Posted by Income > 2022-06-10 00:20 | Report Abuse

Yap. When last year I heard TG news installing new water meter, I knew that something BIG was underneath TG rugs. Only now I connect the dots. My brain too rusty last year, can’t connect the dots of TG. All snaky things come out this year

Posted by i3lurker > 2022-06-10 00:33 | Report Abuse

Yap
the armchair CEO game is very nice
TG should immediately shut down at least 10 factories and at least 200 latex lines
balance after Capacity Reset should be circa 392 nitrile and 190 latex lines or thereabouts.

Posted by Income > 2022-06-10 00:41 | Report Abuse

Haven’t add in Cukai eMak mur, ESG compliance expenditures, etc.
Jumpx off Klcc?

Posted by i3lurker > 2022-06-10 00:52 | Report Abuse

many people like Barbie punya Ken do not understand and beggars belief that a company the size of TG can go bankrupt so fast.

actually the bigger they are, the faster they go bust.
Like the way I illustrated to you, TG can go bust in just 2 months time.

new MD immediate solution is to freeze those RM773 million capex
(immediate survival requirement)

every time I say TG bankruptcy, Ken says no way.
every time I say TG bankruptcy, Ken says no way.
every time I say TG bankruptcy, Ken says no way.

so now I draw out the skeleton for you so that you understand.

There are lots of hope though,
TG can be saved by fast and correct action.
Americans are very good at this management method.

Done properly with proper objectives, TG can be profitable by August 2022
otherwise all of us here will be harping and harping on TG bankruptcy.

Posted by Apastock > 2022-06-10 00:53 | Report Abuse

kesian oh.. left 400m plus Liao..

Posted by Apastock > 2022-06-10 00:54 | Report Abuse

where the money go huh?

Posted by FabioDulan > 2022-06-10 05:28 | Report Abuse

Money gets siphoned out through capex... can tapau loh

Posted by 8899EL8899 > 2022-06-10 05:38 | Report Abuse

TOP GLOVE quarter result very bad,.......worst to come,........you will be on your own pretty soon,........tan sri may come to save you at 30cent,.......just wait patiently

Posted by Income > 2022-06-10 05:57 | Report Abuse

After a few years will TG be like Spnrg or Serbak?
Have to wait and see.

Posted by Income > 2022-06-10 05:58 |

Post removed.Why?

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

rm18 down to rm1.
Next rm1 down to 20sen???

Posted by Income > 2022-06-10 06:07 | Report Abuse

Snake oh snake, please help your Tan Sri.

Tan Sri later becoming Tan Si kah???

Posted by ks5S > 2022-06-10 06:48 | Report Abuse

small fire become big fire. faster run

Posted by mach10 > 2022-06-10 08:10 | Report Abuse

still talk about expansion ? TAN SRI is mentally degrading . old age.

Posted by Filifawa > 2022-06-10 09:04 | Report Abuse

Glovetards are having diarrhea everyday lol

Posted by willc48 > 2022-06-10 09:19 | Report Abuse

what 2 do. uncle sam wants condom missles but TG gives gloves.

Posted by Ryan83 > 2022-06-10 09:22 | Report Abuse

Supermax becomes penny stock today drops to less than RM1

Posted by SinGor > 2022-06-10 09:23 | Report Abuse

as i said previously, TG will close down factories 2023. But a contractor friend call me early morning and
say he need a job for 2022....T.Sri starts stopping extension works in his factories in June, much earlier
than i thought

Posted by stingray_ea > 2022-06-10 09:32 | Report Abuse

still far ... klci 1494.4 now

=======================
Stock: [TOPGLOV]: TOP GLOVE CORP BHD
2 months ago | Report Abuse


ho ho ....ho ... klci >>>> 1450

===============
Stock: [TOPGLOV]: TOP GL...
=======================

Posted by 8899EL8899 > 2022-06-10 09:43 | Report Abuse

honey moon time in glove sector is over,.......worst to come,.......top glove have given out it cash reserved about rm7bil. recently,.......can it walk out the hard time with limited cash,.........only tan sri have the cash,....cash is king now,.......unprofitable company worth nothing,.......rm1bil goodwill , intangible asset will be written off,........more than rm1bil. loss in share buyback will be cancelled,........this is the near future of top glove,.......

Posted by fortunefire > 2022-06-10 09:49 | Report Abuse

glove business is already yesterday.... EV is the future..

Posted by Ppmaster > 2022-06-10 09:49 | Report Abuse

Jus wait the price drop below RM 1, than only i will start collect to keep , estimate capital to spend RM 100m.

Posted by Ppmaster > 2022-06-10 09:50 | Report Abuse

No need rush, accumulate buy and not support the price.

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

I think the max price will drop around 0.70 - 0.80.

Posted by LongTermInvestor8 > 2022-06-10 09:53 | Report Abuse

I remember there was this lady in TG telegram, she is a huge supporter of TG, she knows all the factories, the output and etc. Just like many retailers, she only started investing in glove, around 2020 and bought at the peak. That time it was around RM8, and she continues to average down, when it was RM6.

The reason why I remember her is her telegram profile pic is her hugging her daughter, a baby. I feel pity for her, she kept on saying TG will become a fortune 500 co in 10 years time.

I kept on telling people not to average down, eventually I was kicked out of the group.

I hope she is fine. I feel sad for her daughter.

Sometimes, people got so brainwashed by DAP that they think EPF is bad at investing. EPF is very good in investing and most retailers should just put their extra money in EPF. Chinese think it is Malay run, but EPF dont actively manage the funds, they delegate to various funds, and those that performs get to renew the contract, thus many funds will try their best to give the best return to EPF.

I hope those that lost big in glove will stay strong. Life goes on.

Posted by Ppmaster > 2022-06-10 09:53 | Report Abuse

If world finance crisis come than the price will be around 0.30-0.50.

Posted by Ppmaster > 2022-06-10 09:54 | Report Abuse

This counter split the share too many time.

Posted by mach10 > 2022-06-10 09:55 | Report Abuse

topglove will be removed from KLCI soon.

Posted by mach10 > 2022-06-10 09:59 | Report Abuse

EPF's performance is shxt . you know how much EPF lost on this stock .

Posted by SinGor > 2022-06-10 10:03 | Report Abuse

DonT average for 2022. Next Qr will not be better than this Qr. Any new Covid sub-variant has little impact
on infection / Death Rate. 2022 problem is only Ukraine War. Look for heavy interest / Dividend stock is your
only correct Bet ( and GE15 goreng stock ) Forget about BossKu stock ( myeg or Gkent or Opcom ) These
people are going to jail long time

Posted by Filifawa > 2022-06-10 10:16 | Report Abuse

Ular suffers total loss and owing loan sharks kah

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

How many years ularsawa has to work in KFC outlet to payback loan sharks?

Posted by mach10 > 2022-06-10 10:21 | Report Abuse

topglove is the reason for the sharp decline of KLCI and will be removed from KLCI's list soon.

Posted by nicholas99 > 2022-06-10 10:24 | Report Abuse

RM1 stock for at least 5-10 years..

Posted by speakup > 2022-06-10 10:32 | Report Abuse

look like a lot ppl & funds panic selling.
izzit time to buy? any advice?

Posted by qcmboy > 2022-06-10 10:34 | Report Abuse

If no share can buy 20-30% now.
30% 1
40% 0.5

Posted by hakkalinczai > 2022-06-10 10:36 | Report Abuse

Many glove sohei fans still mung lan chacha waiting to go bankrupt together with tg

Posted by MaluNegaraKu > 2022-06-10 10:36 | Report Abuse

Top glove become top Gun 2 Maverick

Posted by hakkalinczai > 2022-06-10 10:40 | Report Abuse

Top pisang top hairy got lah diao

Posted by anzo888 > 2022-06-10 10:43 | Report Abuse

haha, think for yourself......is current sentiment for gloves ( TG especially) irrational? Extreme Bearishness????
Just look at the comments here n judge for yourself.....
Irrational exuberance n extreme bullishness are precursors always results in crashes. The opposite also applies.

Posted by NatsukoMishima > 2022-06-10 10:49 | Report Abuse

Earn almost 10 billion in 1 and half year but left only 400million , the boss really splash money like water ! Warren buffet say before invest a company u must really have good research on the management attitude , this prove to be true now ! Last time i think 82 sens is the bottom but now i think top glove will be karex 2.0 or even worse sapura 2.0 !

Posted by NatsukoMishima > 2022-06-10 10:53 | Report Abuse

Atleast 50 % more drop from now !

Posted by nicholas99 > 2022-06-10 10:54 | Report Abuse

drop so much profit still say people irrational? fact don't lie.