TOP GLOVE CORPORATION BHD

KLSE (MYR): TOPGLOV (7113)

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Last Price

0.83

Today's Change

-0.005 (0.60%)

Day's Change

0.82 - 0.835

Trading Volume

10,964,000


70 people like this.

201,339 comment(s). Last comment by BadNewsFelixFamily 1 hour ago

rr1688

3,170 posts

Posted by rr1688 > 2023-01-01 03:41 | Report Abuse

Many hospitals across the world have been overwhelmed with an unusually high number of patients stricken with tripledemic... patients overflow in hallways, offices even tents in parking lots led to a shortage of Malaysia best quality will not leak under pressure rubber gloves...

rr1688

3,170 posts

Posted by rr1688 > 2023-01-01 03:41 | Report Abuse

Many hospitals across the world have been overwhelmed with an unusually high number of patients stricken with tripledemic... patients overflow in hallways, offices even tents in parking lots led to a shortage of Malaysia best quality will not leak under pressure rubber gloves...

rr1688

3,170 posts

Posted by rr1688 > 2023-01-01 03:41 | Report Abuse

Many hospitals across the world have been overwhelmed with an unusually high number of patients stricken with tripledemic... patients overflow in hallways, offices even tents in parking lots led to a shortage of Malaysia best quality will not leak under pressure rubber gloves...

rr1688

3,170 posts

Posted by rr1688 > 2023-01-01 04:14 |

Post removed.Why?

newbie8080

2,729 posts

Posted by newbie8080 > 2023-01-01 17:38 | Report Abuse

I think you guys are still hoping for another glove mania rally liken the one in 2020 where almost every glove counter surge 500% to 1000%.
Please open you eyes to see the difference between 2020 and 2023.
1. In early 2020, the entire world of population of 8 billion are hearing this word Covid pandemic for the first time.
Panic led the glove inventory stocking up from medical hospitals to restaurant and even individuals.
2. This panic buying cause supply to outstrip demand which led to ASP price hike of 250% to 350%for the same products in just 2-3 mths, layman speaking from USD20 per 1k to USD90 per 1k.
3. Worst still panic buying led to many sectors and industry to stock up glove inventory from normal of 2-3mths to 9-12mths in advance
4. Most customers request priority purchase by putting up advance deposit or prepayment of 20% to 30% , basically everyone is pouring money to glove manufacturers just to get in queue.

Summary:
1. Today in 2023, we have 5 major global vaccine manufacturers that relieve the fear and panic buying of glove
2. In China they are more than 7 major local manufacturers of vaccine.
3. Previously 8 billion population demand for glove, currently only China is desperately needing glove.
The 2 major glove producer INTCO, Blue Sail Medical, others have ramped up capacity to almost 70bil from 25bil from 2020 to 2022 more than even to supply 23 pairs of glove for every chinese citizens including babies annually!
3. Currently, due to oversupply in China alone bringing down the ASP from USD90 per 1k to now only USD15 per 1k and causing massive contraction in revenue and earning for Malaysia Big 4 producers.
4. No one paying any deposits today and not everyone wants to buy glove due to high existing inventory. To be honest, no one interested in wearing mask these days.
5. Most citizens are everyone country has a minimum 2 vaccine shots, so risk of severity had reduced significantly and reducing fear of this pandemic.

Just my 2 cents sharing.

geary

6,230 posts

Posted by geary > 2023-01-01 20:40 | Report Abuse

CNBC News:
KEY POINTS
•The Covid omicron XBB.1.5 variant has nearly doubled in prevalence over the past week and now represents about 41% of new cases in the U.S., according to CDC data.

•XBB.1.5 is highly immune evasive and appears to bind better to cells than other members of the XBB omicron subvariant family.

•Scientists at Columbia University have warned that the rise of subvariants such as the XBB family could "result in a surge of breakthrough infections as well as re-infections."

Nobody can Predict; don't try to be 'Smart Alex', Nobody knows, don't believe what u don't know n understand!?
Open your eyes n Seek, the Cosmos is Endless Possibilities!?

1invest1

1,467 posts

Posted by 1invest1 > 2023-01-01 21:06 | Report Abuse

newbie8080, you are CORRECT.
glove holders warn, hope nos up, price spike.
now, vaccines & boosters, over supply.
endemic now, China reopening 8 Jan.
very few die fr c now, you r still alive.
some I know got c, after few days OK !
glove holders want make profit, scare people
Now 2023 completely back to normal.
Only glove holders want panic to make $$$ !

gohkimhock

2,946 posts

Posted by gohkimhock > 2023-01-01 22:00 | Report Abuse

@geary you seemed to miss out on this:-

"Fauci said he was encouraged by the case of Singapore, which had a major surge of infections from XBB but did not see hospitalizations rise at the same rate. Pekosz said XBB.1.5, in combination with holiday travel, could cause cases to rise in the U.S. But he said the boosters appear to be preventing severe disease."

geary

6,230 posts

Posted by geary > 2023-01-01 22:28 | Report Abuse

gohkimhock
@geary you seemed to miss out on this:-
"Fauci said he was encouraged by the case of Singapore, which had a major surge of infections from XBB but did not see hospitalizations rise at the same rate. Pekosz said XBB.1.5, in combination with holiday travel, could cause cases to rise in the U.S. But he said the boosters appear to be preventing severe disease."
20 minutes ago

That's why I say, don't be "Smart Alec" including those scientist, all health officers.
We still don't understand why so many honey bees are dying, not only global warming, so many pesticides, so much pollution.
Those deadly pathogens are getting more n more, mutating n changing. So probably we are going to be vaccinated every six months, of new enhanced vaccine!?
If all bees are Dead, humanity will be Wipeout within #18 months, all become zombies, eating human flesh!?

Sharewire

240 posts

Posted by Sharewire > 2023-01-01 23:10 | Report Abuse

Glove stock will reach 40% of former glory.Unavoidable 40%.

Posted by searchingmoney > 2023-01-02 10:11 | Report Abuse

ada Fauci followers...

KML889

1,092 posts

Posted by KML889 > 2023-01-02 11:14 | Report Abuse

40% of past glory performance? Why ah and any substance to support your prediction

KML889

1,092 posts

Posted by KML889 > 2023-01-02 11:32 | Report Abuse

Anyway, does anyone know TG latest plant utilization rate. That will somewhat tell us their

KML889

1,092 posts

Posted by KML889 > 2023-01-02 11:32 | Report Abuse

Demand

geary

6,230 posts

Posted by geary > 2023-01-02 11:34 | Report Abuse

KUALA LUMPUR: Amid a concern over the rise of COVID-19 cases in China, all visitors entering Malaysia will have to undergo temperature screening checks for fever.

Those who are found to have fever, are symptomatic or have self-declared their symptoms will then be sent to a quarantine centre or to the health authorities for further checks.

In a statement on Friday (Dec 30), the country’s Health Minister Zaliha Mustafa also said that those who have been to China within the last 14 days of their arrival into the country will need to undergo the RTK-Ag test (rapid antigen test).

These samples will then be sent for genome testing if they are found to be positive for Covid-19, Dr Zaliha said.

geary

6,230 posts

Posted by geary > 2023-01-02 12:42 | Report Abuse

CNA Commentary:
Our Shanghai office emptied out as colleagues stayed home sick with COVID-19
Following a swift change in its COVID-19 policy, China’s major cities turned into ghost towns overnight as the population battled widespread infection and medical supply crunches.
Shanghai-based Singaporean Ye Jiayi gives us an inside look at the situation on the ground.

CharlesT

14,572 posts

Posted by CharlesT > 2023-01-02 12:43 | Report Abuse

The faster it spreads in China, the faster it will be over

The rest of the world went thru the same cycle

qqq47660

8,707 posts

Posted by qqq47660 > 2023-01-02 13:10 | Report Abuse

China, the faster it will be over
++++++++


It's call China speed. Everything faster than others

geary

6,230 posts

Posted by geary > 2023-01-02 15:07 | Report Abuse

Almost everyone has COVID!?
Over the couner Flu medication.
The supply shortage was so bad that tech giant Tencent launched a Pandemic Mutual Aid mini app within WeChat to allow users to put up location-based posts about medication they urgently needed. Users who could spare medicines could choose to respond to these requests through the app.

Hospitals were completely overwhelmed. A friend’s wife was due to give birth in two weeks when a sudden COVID-19 infection led to irregularities in the baby’s heartbeat.

What he expected to be a routine hospital visit turned into a 72-hour nightmare. Beds were in extremely short supply, and partners were expected to double-up as caregivers as staff could not cope with the volume of patients, he shared.
Sooner or later, even u have the fourth boosted shot, u still can be infected, transmission is 1 to 18 person's!?

gohkimhock

2,946 posts

Posted by gohkimhock > 2023-01-02 15:23 | Report Abuse

come on. This is 2023. No longer 2020. The only persons guaranteed of wearing gloves now are those dishwashers..

geary

6,230 posts

Posted by geary > 2023-01-02 15:48 | Report Abuse

COVID XBB.1.5!?
"We think it is because a larger population of people in Singapore have been vaccinated with latest vaccines and 3rd/4th boosters," he said.
That could be a problem in the U.S. China n other countries, unfortunately.

People age 65 and older are the most vulnerable to any form of the Covid virus. Yet, only 37.5% of that age group has received the updated omicron booster, according to the most recent CDC data.

The most important thing experts agree is to get a booster shot with the bivalent vaccines to bolster your immune system against the newer subvariants, especially in Singapore, most above age 65, are advised to get injected with Bivalent Vaccine!?

Posted by WinBigOrLoseAll > 2023-01-02 17:23 | Report Abuse

XBB, Influenza, Europe, US, China all time high cases.
Ini kalilah, tomorrow limit up

geary

6,230 posts

Posted by geary > 2023-01-02 17:54 | Report Abuse

DailyMail UK. XBB.1.5.
1. Strain has caused alarm in US over its quick spread and a rise in hospitalisations
2. XBB.1.5 has mutations that help it better infect people and dodge immunity
3 Experts told MailOnline strain is a 'wakeup call' and could worsen NHS crisis.
Latest UK News!?

geary

6,230 posts

Posted by geary > 2023-01-02 18:42 | Report Abuse

Singapore News.
Bivalent Vaccine.
All citizens, at present are advisable to get vaccinated.
Most important thing experts agree is to get a booster shot with the bivalent vaccines to bolster your immune system against the newer sub variants, like XBB. 1.5
Especially in Singapore, most above age 65, are advised to get injected with Bivalent Vaccine!?
Advisory messages have been sent, to all those who are qualified, after their 3rd/4th boosted, are more than 6 months.
That's how efficient n fast Singapore government is vaccinating everyone, after 6 months of boosted shots.
CNA Report.

bang_miskin

1,059 posts

Posted by bang_miskin > 2023-01-02 19:27 | Report Abuse

Gotta agree with @newbie8080 here. It is unlikely we'll see a repeat for 2020 in 2023. Gloves companies are dealing with oversupply issue, not the other way round.
On the other hand 2022 is an interesting year for China. From strict adherence of "zero-covid" policy to a sudden "f*** it, let-it-rip" policy, I don't think many would consider it as a prudent healthcare measure. Glove shortage is the least of their concern. Can't even get panadol/ibuprofen two weeks ago when cases are exploding left and right.

OnTime

2,074 posts

Posted by OnTime > 2023-01-02 19:48 | Report Abuse

don't listen and read any "news and reports" from western media - please!

bulldog

12,157 posts

Posted by bulldog > 2023-01-02 20:52 | Report Abuse

Accumulation in progress


Huat chaiii

VTrade

2,434 posts

Posted by VTrade > 2023-01-03 01:28 | Report Abuse

All fund manager is buying ke?

nuilam hali

1,376 posts

Posted by nuilam hali > 2023-01-03 06:25 | Report Abuse

The UK Health Security Agency has issued strong new advice as hospitals battle soaring rates of Covid, flu and Strep A, amid warnings hundreds are dying unnecessarily every day due to overcrowding and lack of resources

nuilam hali

1,376 posts

Posted by nuilam hali > 2023-01-03 06:26 | Report Abuse

Top glove before March will hit rm2 for sure

UlarSawa

35,547 posts

Posted by UlarSawa > 2023-01-03 09:24 | Report Abuse

Wei dont promise sky is the limit leh. You can make it happen or not. Haiyoh. Boleh?


nuilam hali

Top glove before March will hit rm2 for sure

2 hours ago

UlarSawa

35,547 posts

Posted by UlarSawa > 2023-01-03 09:26 | Report Abuse

Taikor survived 2022 belum banklap lagi leh. Today 2023 already leh. Mana all the naysayers cakap Taikor will banklap one. Will pecah 56.5 sen one. Semua pun hiding in the cave kah. Haiyoh. Correct?

Posted by searchingmoney > 2023-01-03 09:29 | Report Abuse

Ade 5 mao...

AndrewHo93

315 posts

Posted by AndrewHo93 > 2023-01-03 09:51 | Report Abuse

Retrace before rebound?

fuyohpuyo

83 posts

Posted by fuyohpuyo > 2023-01-03 10:18 | Report Abuse

back to 2021, time to buy glove stock

UlarSawa

35,547 posts

Posted by UlarSawa > 2023-01-03 10:22 | Report Abuse

ASP up already kah. Haiyoh. Correct?


fuyohpuyo

back to 2021, time to buy glove stock

2 minutes ago

UlarSawa

35,547 posts

Posted by UlarSawa > 2023-01-03 10:23 | Report Abuse

You are back after missing for 5 moons leh. Haiyoh. Correct?


failan

Y keep falling

38 minutes ago

kl_guy

1,394 posts

Posted by kl_guy > 2023-01-03 10:53 | Report Abuse

with ba.7 and xbb.1.5 ...I think more case will be register with china tourist come in after Jan 8 around the world. Taiwan TV program ...show how china are driving all ppl become covid positive where their custom don't stop covid positive people to travel out of china.

goody99

1,763 posts

Posted by goody99 > 2023-01-03 10:55 | Report Abuse

overcapacity and low selling price are tricky. It may take 10 years to reverse the trend, e.g the shipping freight rate.

ArianaGoh

72 posts

Posted by ArianaGoh > 2023-01-03 10:57 | Report Abuse

The demand for gloves seems to be increasing lately

awieze

685 posts

Posted by awieze > 2023-01-03 11:16 | Report Abuse

naik 0.5 sen ..undur 1 sen..bila nak naik?

Posted by Mohd Qadri Abdul Rani > 2023-01-03 11:27 | Report Abuse

sumbat extrajoss dalam glove cepat naik

awieze

685 posts

Posted by awieze > 2023-01-03 11:29 | Report Abuse

hahaha

jwyap

829 posts

Posted by jwyap > 2023-01-03 11:38 | Report Abuse

Top xx worst Cmpany year 2022 . from 295 down to 0.885,

awieze

685 posts

Posted by awieze > 2023-01-03 12:09 | Report Abuse

fake news bnyk sngt

jwyap

829 posts

Posted by jwyap > 2023-01-03 12:18 | Report Abuse

this company like game is over. drop drop drop

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