Posted by Mikecyc > 2020-10-18 20:10 |

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Posted by Mikecyc > 2020-10-18 20:12 |

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Posted by Mikecyc > 2020-10-18 20:22 | Report Abuse

>Referred FY17 audited annual report

EQUITY
Share capital 40,465,039

Retained earnings 25,774,904

>> FY20 Q2 :

Retained earnings 8,680,000

Posted by Mikecyc > 2020-10-18 20:24 |

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Posted by Mikecyc > 2020-10-18 20:28 | Report Abuse

Referred FY20 Q2 ended June :

1.) Glove Dipping Lines :

Segment assets = 36,930,000

Segment liabilities = 33,222,000

Segment gearing ratio = 0.90


2.) Rubber Gloves :

Segment assets = 52,768,000

Segment liabilities = 20,723,000

Profit guarantees = 10,000,000

Segment gearing ratio = 0.58


Note :

1.) Gearing ratio is high with 0.9 n 0.58 , averagely is 0.74 .. Risk..

2.) If the writ of summons court case is Lost with HLA to make a minimum compensation of RM 36 million , HLA will be in bankruptcy status .

Posted by calvintaneng > 2020-10-18 20:31 | Report Abuse

After prolexus and es ceramic surged up

CAN EXPECT HLT & LUXCHEM TO POWER UP!!!

Posted by MasterYoda > 2020-10-18 21:13 | Report Abuse

Get ready for tmw,windfall for all glove investor ke ke ke

Posted by SDR245 > 2020-10-18 21:17 | Report Abuse

Hlt break 2.00 . Mark tis word. Just wait

Posted by Mikecyc > 2020-10-18 21:23 |

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Posted by Allenlee > 2020-10-18 21:26 | Report Abuse

https://www.nst.com.my/world/world/2020/10/633258/coronavirus-survives-skin-five-times-longer-flu Gloves are more important now

Posted by Mikecyc > 2020-10-18 21:27 |

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Posted by Mikecyc > 2020-10-18 21:30 |

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Posted by mf > 2020-10-18 21:31 | Report Abuse

18 Oct | 07:30pmHighlight
Top Glove says labour issues in US DOL report resolved, seeks...

Posted by Mikecyc > 2020-10-18 21:34 | Report Abuse

Malaysia May Get Chinese Covid-19 Vaccine By Dec: PM

By CodeBlue | 13 October 2020

The Malaysian government has also agreed to make an initial RM40 million payment to join the COVAX Covid-19 vaccine access plan co-led by the WHO.

Posted by Mikecyc > 2020-10-18 21:37 |

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Posted by ooi8888 > 2020-10-18 21:37 | Report Abuse

you can use the vaccines for all the 包头佬 in TDM oil palm estates.

Posted by Mikecyc > 2020-10-18 21:38 |

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Posted by mf > 2020-10-18 21:40 | Report Abuse

16-Oct-2020 Additional Listing Exercise of Warrants - 1,465,000 shares at 0.200.

Posted by ooi8888 > 2020-10-18 21:41 | Report Abuse

Tomorrow HLT will pecah bumbung

Posted by zainal84 > 2020-10-18 22:01 | Report Abuse

Top Glove says labour issues in US DOL report resolved, seeks quick lifting of import ban
TheEdge Sun, Oct 18, 2020 07:30pm - 2 hours ago


KUALA LUMPUR (Oct 18): Top Glove Corp Bhd said it has resolved issues highlighted by the US Department of Labour (DOL) in a report that listed rubber gloves among products manufactured through child or forced labour.

In a statement, the world’s biggest glovemaker reiterated steps it had taken to improve work conditions, which it has submitted to the US Customs and Border Protection to secure an “expeditious resolution and revocation” of the ban on importing its products into the country.

The measures include implementing a zero-cost recruitment policy since January 2019, whereby the company bears all recruitment fees for its foreign workers.

“Top Glove has blacklisted unethical recruitment agents and continues to do so through a robust due diligence procedure, and all business dealings with such recruitment agents will be terminated with immediate effect. Top Glove too continues to educate its workers not to pay recruitment fees to third parties,” it said.

It also said it has started to make remediation payments to its foreign workers over their recruitment fees on a monthly basis, starting August, and expects to conclude repayment in July 2021.

In total, it will pay a total of RM136 million as per the recommendation of an independent consultant.

“Top Glove has duly submitted the necessary information to the US CBP and is following up closely with them, with a view to an expeditious resolution of the matter and revocation of the WRO [withhold release order].

“In the meantime, our gloves will be routed to other countries across the globe to cater to the urgent and overwhelming demand for this highly essential personal protective item,” it said.

Top Glove also said it paid its workers a basic wage of RM1,200 monthly in a “consistent and timely manner” as per Malaysian labour law.

“Nevertheless, the general take-home pay of its workers is more than RM1,600 per month factoring in overtime, which is always performed within the allowable rest-day matrix,” it said, adding it made an unspecified amount of ex-gratia payment to its workers to thank them for their contribution during the pandemic.

The glovemaker also said it does not allow its workers to perform excessive overtime, as per Malaysian labour laws that stipulates a maximum of 104 hours overtime per month and one rest day per week.

“Overtime is solely performed on a voluntary basis and workers are only allowed to perform overtime, if they have not exceeded the daily maximum allowable working hours,” it added.

Top Glove also claimed it is one of the few manufacturing companies that has a zero-harm and safety health emergency preparedness programme, as well as a workers’ health protection programme.

To recap, the US DOL had released ‘2020 List of Goods Produced by Child Labour or Forced Labour’ that included rubber gloves produced in Malaysia, citing reports that said they were produced by forced labour.

The department did not specifically name Top Glove as one of the companies involved.

“Forced labour predominately occurs among migrant labourers from Bangladesh, India, Myanmar, and Nepal working in 100 rubber glove factories throughout Malaysia,” it said, adding that reports indicate around 42,500 migrant workers are employed in these factories.

“Workers are frequently subject to high recruitment fees to secure employment that often keeps them in debt bondage; forced to work overtime in excess of the time allowed by Malaysian law; and work in factories where temperatures can reach dangerous levels.

“Additionally, labourers work under the threat of penalties, which include the withholding of wages, restricted movement and the withholding of their identification documents,” it said.

Posted by zainal84 > 2020-10-18 22:01 | Report Abuse

https://www.klsescreener.com/v2/news/view/741665/top-glove-says-labour-issues-in-us-dol-report-resolved-seeks-quick-lifting-of-import-ban

Posted by VenFx > 2020-10-18 22:09 | Report Abuse

HLT & CAreplus are both glove brightest growing smallish given its max out for firing all their cylinders cash generated improved at fastest speed.
Thus, market has gave them above 3.5 Beta rating.

I only trusts the market, not rubbish talks with half baked stories.

Trades what u see.
Not hear say the incompetent story teller.

Posted by VenFx > 2020-10-18 22:09 | Report Abuse

Commentary on prospects:

The prospects for growth in the rubber glove industry are positive as the industry is expected to continue to be driven by the growth in the global and domestic healthcare industry, especially the Coronavirus Disease 2019 outbreakas pandemic. The gloves are the essential item for the medical supplies. The growth are also driven by increasing demand arising from other end-user markets suchas manufacturing, and availability of raw materials utilised in the manufacturing of rubber gloves. Given the vibrant and growing rubber glove industry in Malaysia, the prospect of our Rubber Gloves Segment would seem promising.

Nevertheless, the prospects for growth in the glove-dipping line industry in Malaysia are positive as the industry is expected to continue being driven by the growth in demand for rubber gloves globally as well as domestically. The Group will continue to execute its business strategies and has put in place a series of future plans to strengthen its position in the glove-dipping line industry in Malaysia as well as the overseas market.

Posted by Mikecyc > 2020-10-18 22:15 |

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Posted by Mikecyc > 2020-10-18 22:16 |

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Posted by Mikecyc > 2020-10-18 22:18 | Report Abuse

Careplus ?



Referred to FY20 (Q2) ended June :

a) Financial assets

Trade and other receivables 53,660,000

Cash and bank balances 17,185,000

total = 70,845,000

b) Financial liabilities

Loans and borrowings 52,602,000

Trade and other payables 37,363,000

Lease liabilities 0

total = 89,965,000


a) - b ) = ( 19,120,000 )

Posted by Mikecyc > 2020-10-18 22:19 |

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Posted by Mikecyc > 2020-10-18 22:24 |

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Posted by Mikecyc > 2020-10-18 22:26 |

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Posted by Allenlee > 2020-10-18 23:26 | Report Abuse

https://www.klsescreener.com/v2/news/view/741665 Top Glove's labour issues with US DOL resolved, seeks quick lifting of import ban

Posted by Allenlee > 2020-10-18 23:27 | Report Abuse

All glove counters wil be started to rocket up tomorrow led by TG

Posted by SDR245 > 2020-10-19 00:05 | Report Abuse

Above 1.80 tommmorw.

Posted by MasterYoda > 2020-10-19 02:51 |

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Posted by Mikecyc > 2020-10-19 06:26 |

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Posted by Mikecyc > 2020-10-19 06:29 |

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Posted by Mikecyc > 2020-10-19 06:29 |

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Posted by Mikecyc > 2020-10-19 06:32 |

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Posted by Mikecyc > 2020-10-19 06:35 |

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Posted by Mikecyc > 2020-10-19 06:37 |

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Posted by Mikecyc > 2020-10-19 06:41 |

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Posted by Lowprofile2020 > 2020-10-19 08:52 | Report Abuse

Just ignore thid street dog mikecyc, been here since july, cursing and condemn hlt, once even predict and claim tp break below 1.02 . After 4 months, ppl come ppl go,any taken profit , he is still condemn here like a mad dog.

Posted by Mikecyc > 2020-10-19 09:28 |

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Posted by Mikecyc > 2020-10-19 09:29 |

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Posted by Mikecyc > 2020-10-19 09:30 |

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Posted by Mikecyc > 2020-10-19 09:31 |

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Posted by Mikecyc > 2020-10-19 09:32 |

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Posted by TigerWoods > 2020-10-19 09:52 | Report Abuse

1.80?? BUY!!!

Posted by Lowprofile2020 > 2020-10-19 09:56 | Report Abuse

No one flag post removed, admin tak action knowing this street dog is here barking. Am never worried of hlt, invested at 0.5 warrant, 0.8 mother share, one of the counter that profit most few round for me.

Posted by VenFx > 2020-10-19 10:29 | Report Abuse

Risk vs Reward more than 2 times at 1.84 below
Where to looks ?

Posted by Lowprofile2020 > 2020-10-19 10:31 | Report Abuse

Mikecyc post kena removed, so u all know la how genuine and sincere is he to share his comments here.

Lets hope hlt break 2 , the last i manage make profit was at 2.4+-, i missed the 3.2 though.