Posted by UlarSawa > 2024-03-19 10:08 |

Post removed.Why?

Posted by BuildBackBossku > 2024-03-19 11:42 | Report Abuse

estimated topglove will break 85 cents if the qr is good or probably green

Posted by Balian de Ibelin > 2024-03-19 11:53 | Report Abuse

HeLicksShit now queue Sell 80 sen 20,000 lots to make half sen profit 😁👍

Posted by 5231428 > 2024-03-19 12:46 | Report Abuse

QR out tomorrow.

Posted by SinGor > 2024-03-19 13:42 | Report Abuse

refused to release Qr results again------frying Live frog again

Posted by KimSua > 2024-03-19 13:47 | Report Abuse

The market never expect too much from the qtrly already factor in what other big 4 has reported. Just no ridiculous write down or impairment. Other than that the market just expect less lost from last quarter.

Posted by UlarSawa > 14 minutes ago |

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Posted by CaoCao > 2024-03-19 20:53 | Report Abuse

From Feb 26 to March 1, notable shareholding changes at Bursa Malaysia-listed companies included that at Top Glove Corp Bhd. Its executive director Lim Hooi Sin, the brother of the glove maker’s founder and executive chairman Tan Sri Lim Wee Chai, acquired a total of four million shares during the period, raising his direct shareholding by 0.05% to 1.38%. He also has a 35.27% interest via the extended family.

Hooi Sin bought 2.5 million shares at 83.25 sen on Feb 27 and 1.5 million shares on Feb 29 for 80.5 sen. Top Glove’s share price closed at 83 sen and 81 sen respectively on those days. The shares have shed 10% year to date to close at 81 sen on March 5 for a market value of RM6.65 billion.


Top Glove anticipates that its sales volume would be minimally affected by the recent Red Sea shipping crisis, according to AmInvestment Bank Bhd in a report last month. It said Top Glove’s management had guided that sales volumes for the second financial quarter ended Feb 29 may grow between 15% and 20% from the preceding quarter.

Posted by CaoCao > 2024-03-19 20:55 | Report Abuse

Key takeaway from above news

1. Insider is increasing his stake in TG. He has insider news.

2. Minimum impact from red sea crisis.

3. Sales is expected grow 15% to 20% this coming QR.

Tmrw afternoon is the QR announcement day.

Posted by xiaoeh > 2024-03-19 15:58 | Report Abuse

wah...
this Cao Cao working style a bit of different from the name Felix working style...
shall see shall see...

Posted by UlarSawa > 2024-03-18 15:55 |

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Posted by UlarSawa > 2024-03-19 21:21 |

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Posted by UlarSawa > 2024-03-19 21:22 |

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Posted by xiaoeh > 2024-03-19 21:26 | Report Abuse

Posted by UlarSawa > 44 seconds ago | Report Abuse
Style tak sama. Orang sama leh. Still want to run road lagi leh. Haiyoh. Correct?

each different names got different unique characters one leh bro...
i prefer the Uncle Limbek
sharp and straight to the point

Posted by KimSua > 2024-03-19 22:18 | Report Abuse

If revenue can increase to 550-600mil. Expect mild lost /or even breakeven. With the cost optimisation drive, I won't be surprised if topglove can barely break even this qtr. Let's see

Posted by xiaoeh > 2024-03-19 22:21 | Report Abuse

Posted by KimSua > 8 hours ago | Report Abuse
The market never expect too much from the qtrly already factor in what other big 4 has reported. Just no ridiculous write down or impairment. Other than that the market just expect less lost from last quarter.

i kind of agree on what you said KimSua

Posted by CaoCao > 2024-03-19 22:23 | Report Abuse

Tan Sri bought because of his ego. This insider is his brother. He doesn't have emotion when make this trade, he is based on company`s performance.

This QR can narrow down the lost below 10 million is consider a good achievement. Revenue certainly will improve this quarter.

Posted by UlarSawa > 1 hour ago | Report Abuse

Haiyoh insider beli saham in million but nosh is in billion. Only Tan Sri and family beli saham. Other directors pun resigned mana ada add saham leh. Haiyoh. Correct?

Posted by UlarSawa > 2024-03-20 08:37 |

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Posted by MrHuangBK > 2024-03-20 08:45 | Report Abuse

No suspense la. Said weeks ago, will be a red QR. GP still bad. Hopefully no big impairment from retiring old under utilized factories.

I wonder when Malaysian GP will hit Thailand Sri Trang 9.6%. Don’t even bother comparing Chinese GP

Posted by UlarSawa > 2024-03-20 09:36 |

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Posted by UlarSawa > 2024-03-20 09:38 |

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Posted by UlarSawa > 2024-03-20 09:40 |

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Posted by 5231428 > 2024-03-20 10:33 | Report Abuse

Looks like good qr to be announced cos stock price moving up.

Posted by CaoCao > 2024-03-20 10:41 | Report Abuse

V-shaped recovery coming!

Posted by 5231428 > 2024-03-20 10:50 | Report Abuse

Just the start of the uptrend.

Posted by EngineeringProfit > 2024-03-20 11:00 | Report Abuse

Another round of gloved party kah?

Posted by 5231428 > 2024-03-20 11:03 | Report Abuse

No choice,have to think positively.

Posted by UlarSawa > 2024-03-20 11:18 |

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Posted by Ghazaar > 2024-03-20 11:55 | Report Abuse

Party starts before q2 result is out? 😃

Posted by salman > 2024-03-20 13:04 | Report Abuse

good news coming....BUY!!!

Posted by Medusa > 2024-03-20 13:04 | Report Abuse

Below expectation

Runnnnnnnnnnnnnnnnnnnnnnnnnnnn

Kikiki…

For 2QFY2024, the Group’s Sales Revenue was RM550 million, an increase of 12% from RM493
million in the preceding quarter. Loss After Tax was RM40 million, continuing to narrow by 15% from
RM47 million in the preceding quarter. Notably, the Group’s EBITDA was positive at RM29 million, a
38% improvement against 1QFY2024; while Sales Volume strengthened by 18% against the preceding
quarter. During the quarter, natural rubber latex concentrate prices rose at a much faster rate, from an
average of RM4.91/kg at end November 2023 to RM5.66/kg at end February 2024, a spike of 15%.
This sharp increase caused a mismatch with average selling prices (ASPs), thereby affecting margins.

However, the strong growth in Sales Volume helped increase utilisation, thereby improving production
and cost efficiency, which mitigated the mismatch. The significant increase in Sales Volume also
provides a good indication that glove demand is picking up strongly on the back of excess inventory
depletion.

On a half yearly basis, the Group registered 1HFY2024 Sales Revenue of RM1.04 billion. Loss After
Tax for 1HFY2024 reduced substantially to RM87 million, contracting by an impressive 72% year on
year. Meanwhile, its 1HFY2024 EBITDA turned positive, improving 140% to RM50 million year on
year.

Posted by Balian de Ibelin > 2024-03-20 13:08 | Report Abuse

I sat for SPM.


YeeSauForFelix1510

Felix will lose as her ENGLAND very poor...can tell you how good her education..Ular ngam ngam passed SPM

Posted by BursaVulture > 2024-03-20 13:16 | Report Abuse

2:30 up or down? every quarter says next quarter will be better....

Posted by Huangbk72 > 2024-03-20 13:36 |

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Posted by 8dragon > 2024-03-20 13:42 | Report Abuse

China doesn't rely too much on importing gloves anymore as they're self sufficient in gloves. This has negative impact on our gloves manufacturer..

Posted by xiaoeh > 2024-03-20 14:00 | Report Abuse

ok la...
got improvement
do not expect an average score student to get distinction by 1 or 2 semesters ma..

Posted by Albukhary > 2024-03-18 18:23 | Report Abuse

If Top Glove sales can increase 10% from RM493mil to RM550mil, then I believe other glove company (i.e. Harta, Kossan) which have higher plant utilisation could have higher sales increase, at least 20-30% compare to last quarter.

Posted by godhand > 2024-03-20 14:19 | Report Abuse

Albukhary

If Top Glove sales can increase 10% from RM493mil to RM550mil, then I believe other glove company (i.e. Harta, Kossan) which have higher plant utilisation could have higher sales increase, at least 20-30% compare to last quarter.

Harta would have higher revenue if its not because of red sea issue

Posted by Huangbk72 > 2024-03-20 14:19 | Report Abuse

Sales increase but GP will not.

After latex price jump.. Upcoming QR, will be Gas price jump.

Posted by Albukhary > 7 minutes ago | Report Abuse

If Top Glove sales can increase 10% from RM493mil to RM550mil, then I believe other glove company (i.e. Harta, Kossan) which have higher plant utilisation could have higher sales increase, at least 20-30% compare to last quarter.

Posted by Mini2021 > 2024-03-20 14:37 | Report Abuse

V shape recovery..... You will not able to buy Harta at Rm 1.4 any more.... soon you will not able to buy Topglove below RM 1 anymore...

Posted by EatCoconutCanWin > 2024-03-20 14:37 | Report Abuse

glove boycott as the hand logo is from god

Posted by Mini2021 > 2024-03-20 14:38 | Report Abuse

Once Harta and Kossan Result coming quarter out....bye bye to RM 1

Posted by Patron > 2024-03-20 14:44 | Report Abuse

dont focus on ASP or PAT..
most importantly utilisation rate ( sales volume ) has to go up
price (profit) will only go up if the sales volume (utilisation rate) picks up
eventually things will normalize

Posted by Mini2021 > 2024-03-20 14:57 | Report Abuse

First TP RM 1

Posted by 5231428 > 13 minutes ago | Report Abuse

Recovery in motion.

Posted by xiaoeh > 2024-03-20 15:09 | Report Abuse

wah...
flying...
miss the boat...

Posted by Mini2021 > 2024-03-20 15:11 | Report Abuse

As an intelligent investor you should buy for future in which the revenue keep improving .....In stock market the price will run first and at least 3-6 months before the improving result announce...

Posted by Mini2021 > 2024-03-20 15:21 | Report Abuse

Harta and Kossan result announcement will bring this taikor elephant to RM 1..... all the best guys...

Posted by UlarSawa > 2024-03-20 15:22 |

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Posted by MikeyChan > 2024-03-20 15:24 | Report Abuse

Not bad. Revenue continues to increase qoq and net loss is reduced slightly