TOP GLOVE CORPORATION BHD
KLSE (MYR): TOPGLOV (7113)
You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!
Last Price
1.01
Today's Change
0.00 (0.00%)
Day's Change
1.00 - 1.02
Trading Volume
9,938,300
Details of Changes
Securities After Change
Transactions
| Ann. Date | Name | Details of Changes | Securities After Changes | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Date | Type | No. of Shares | Price | Direct (%) | Indirect (%) | Total (%) | ||||
Discussions
72 people like this. Showing 50 of 203,062 comments
Don’t say I BoWarn.
Almost all TG revenue denominated in usd
Existing GP margin less than 5%
Posted by Mabel > 10 minutes ago | Report Abuse
Ringgit likely to hit RM3.55 to US dollar - 28 Sep 2024
BMI has a bullish view on the ringgit which it forecast to strengthen further as interest-rate differential between the United States and Malaysia narrows with further rate cuts by the US Federal Reserve (Fed) in 2024 and 2025.
1 week ago
1. The Group is optimistic that the strong growth momentum will sustain, as customers continue replenishing their depleting glove stockpiles. The group continues to see MoM uptrend in sales volume in Sept 2024 and expects customers’ replenishment activity to pick up in subsequent quarters, underpinned by inventory rebuilding by distributors, indicating that demand recovery had further gained momentum. Presently, its sales volume had strengthened 25%-30% MoM, bringing utilisation rate to 65%-70% vs. our assumption of 55% in FY25 (based on 64b pieces capacity) compared to 45% in 3QFY24. Recall, it has previously highlighted that the bulk of a shipment delay in 3QFY24 estimated at 500m pieces had already been shipped and will be booked in 4QFY24.
2. It is optimistic that ASPs are expected to inch up gradually, potentially by 5%-15% or USD0.80 - USD1.50 per 1,000 pieces due to the uptick in demand and mitigation against the appreciating MYR against USD. However, due to the lag impact, ASP increases will only be felt gradually starting from Nov-Dec CY24. We believe predatory pricing by certain overseas players (i.e. selling below cost over an extended period to eliminate competition) have diminished as Chinese players’ utilization hit >90% While TOPGLOV is silent on existing ASP, we estimate every USD1 change impacts earnings by below 2%. We conservatively assumed ASP of USD20/1,000 pieces in our earnings model.
3. The group highlight that its exports to the US is continuing to show improvement which currently accounts for 28%-30% of its geographical sales mix. As an indication, TOPGLOV has seen its volume sales from the US market raising 20% YoY to account for 15% in 9MFY24 compared to pre-pandemic average of 20%-30%.
1 week ago
Hahahha... We play stocks.. Coconut Felix play sand.
This also can get it so wrong. Follow your words sure go Holland 🤣🤣🤣
Baidu and Bester still unstoppable.
Huangbk72
Now Coconut going to the realm of delusions
Who will run? 3 stimulus in 1 shot by China government. Definitely more on the way..
Maybe you will.. cos you coconut 🤣🤣🤣
Dont even understand China stock market, yet talk like an expert.. Same like YTLP thread.. full of gibberish
By the way, still waiting for your "clever" stock split calculation 😆😆😆😆
2 days ago
6 days ago
FBMKLCI Shake-Up in Q3: Sector WINNERS and LOSERS - YTLPOWER, MAYBANK, YTL, HARTA, TOPGLOV, CIMB, GAMUDA
https://klse.i3investor.com/web/blog/detail/bestStocks/2024-09-29-story-h470135190-FBMKLCI_Shake_Up_in_Q3_Sector_WINNERS_and_LOSERS
6 days ago
Rubber glove export value rising. For TG's reporting quarter, Malaysia's export value rose 21% (other factors notwithstanding) https://x.com/Noneotherthanwe/status/1839702131680661997
5 days ago
Irrelevant. TG GP margin less than 5% is too low to absorb major strengthening of RM.
5 days ago
Don't be fooled by the fake rebound. Once the QR report release, it will drop to 0.80 something. Previous QR report proved it. Sell all before too late!
4 days ago
If it drop to 0 .80 again, then I know for sure that KWAP is even more clueless than most newbies.
4 days ago
Dow Jones
Dow Jones Industrial Average
42,091.75
-238.40
0.56%
Nasdaq
NASDAQ Composite
17,947.87
-241.29
1.32%
4 days ago
Fed Chair Jerome Powell hinted the central bank is not in a rush to rapidly cut rates.
Better invest in defensive healthcare related stock, glove is essential and stiff China competition is easing due to upcoming 50% tax levy in 2025 and 100% tax levy in 2026
4 days ago
Ya, just hold for another 3 months... the forward looking market maker will factor in the 50% US tariff soon
stainlyho37
just watch out this...!looks nice now...
4 days ago
Self deception is bad. We all know that glove stock ald reach its peak. Sell it now to avoid further loss!
4 days ago
Key Drivers of Growth
Top Glove’s positive outlook stems from several strategic initiatives and external factors:
Market Recovery: The global glove industry has faced a downturn, but there are expectations for recovery as demand normalizes post-pandemic.
Operational Efficiency: Top Glove has been focusing on enhancing its operational efficiency, which is expected to help the company remain competitive and improve margins once the market recovers.
Target Price and Valuation
Top Glove’s target price has been set at RM1.45, reflecting an attractive upside from its current market price of RM1.01. The stock remains a good investment opportunity for those looking to capitalize on the glove sector’s eventual recovery and the company’s strong market position.
https://www.minichart.com.sg/2024/10/02/top-glove-optimistic-on-future-growth-with-strong-medium-term-prospects/
3 days ago
Irrelevant. TG GP margin less than 5% is too low to absorb major strengthening of RM.
3 days ago
Topglov 1.14
U see.told u so.it drop.
3/10/24 11.55pm
Duh,many say harta 314 and kossan 2.25 but let see correction first.
18/9/24 12.16am
3 days ago
Indications are pointing to a strong demand recovery moving into 4QCY24 and CY25 that will exceed our previous assumptions, underpinned by inventory rebuilding from distributors. Specifically, there has been uptick in orders over the past two quarters. The rise in demand comes as the inventories of major distributors across all regions have returned to normal levels. Case in point - HARTA expects to hit sales volume of 2.2b pieces/month in 2HFY25. Already, HARTA has seen 1QFY25 orders hitting close to 2b pieces per month compared to 1.5b-1.8b pieces per month in 4QFY24 and 3QFY23. TOPGLOV is optimistic that the strong growth momentum will sustain, as customers continue replenishing their depleting glove stockpiles. The group continues to see MoM uptrend in sales volume in June 2024 and expect customers’ replenishment activity to pick up in subsequent quarters, underpinned by inventory rebuilding from distributors, indicating early signs of potential recovery in demand. It has seen sales order rising 25%-30% MoM. Tell-tale signs of predatory pricing by certain overseas players (i.e. selling below cost over an extended period of time to eliminate competitors) have diminished. Specifically, glove players under our coverage have seen their ASPs rising over the past two quarters, potentially implying demand is on the path to a recovery boosted by order replenishment.
3 days ago
Top glove always follow its rule to announce date of release Q result by given 1 week ahead notification in bursa. These practices is also similar happen to SUNWAY and SUNCON
2 days ago
Q4 delayed because result is too bad. Sell all stock before it collapse! Cut loss now!
2 days ago
NoviceFish is irresponsibly spreading fake news to mislead. Please do report him/her. Thanks.
2 days ago
Official announcement can be found on Bursa Malaysia website. Be an informed investor. War or not, gloves are still needed, Topglove deserves justice after 3 years of downtime.
2 days ago
US port workers and operators reach deal to end East Coast strike immediately
https://theedgemalaysia.com/node/729015
2 days ago
healthcare services are often considered defensive, increase volume sold, plant utilisation and ASP hike are main catalyst to propel earning recovery back to prepademic earning.
Better invest in defensive healthcare related stock, glove is essential and stiff China competition is easing due to upcoming 50% tax levy in 2025 and 100% tax levy in 2026
ASP gradually to increase 20% from current USD 19/k to USD 23/k
2 days ago
Stop giving the fake hope to others. Once the QR releases, will drop to RM 0.80 . Sell all the glove stock now!
1 day ago
Post a Comment
Featured Posts
Latest Videos
Apps
Top Articles
1
Koon Yew Yin's Blog
3
BFM Podcast
4
Koon Yew Yin's Blog
6
7
BFM Podcast
8
BFM Podcast
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Income
kurang stim already?
1 week ago