TOP GLOVE CORPORATION BHD

KLSE (MYR): TOPGLOV (7113)

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Last Price

1.21

Today's Change

-0.03 (2.42%)

Day's Change

1.20 - 1.24

Trading Volume

19,577,600

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Discussions
70 people like this. Showing 50 of 202,836 comments

MrHuangBK

Hahhaa coconut Felix still shameless.

You don’t even have balls to prove your statement. Bark and run away 😂

I standby every word I said

U run away from yours

Ballless as usual

1 week ago

MrHuangBK

Coconut Felix can continue to play “masak 2”

Everyone knows your YTLP and SAP biggest blunder in i3 🤣🤣

1 week ago

Huangbk72

Wah.... Coconut Felix still playing coconut

Did you prove what you just posted? 😂😂😂😂😂

Other oil and gas counters minimum 150% gain.

My long term investment QL breaking all time high with the bonus issue.

Not to mention my dividend stock Maybank.

1 week ago

Huangbk72

Hhahaa... Unlike that Shameless Coconut Felix bragging his unproven earnings and defending his lousy picks..

Many forumers here never post earnings. We are here to share information on lousy picks like SAP or promote strong picks like YTLP

Coconut Felix failed on both... 😆😆😆😆

Coconut Felix ego too big.. need to gain attention.. unfortunately his blunder more than his success 😆😆😆

1 week ago

Huangbk72

Hahahaha.. Means Coconut Felix cannot prove

Other O and G
Maybank
QL

🤣🤣🤣🤣🤣🤣🤣

Instead he asking others to prove what he didnt do .. What a COCONUT 😂😂😂😂

Genovese

Auntie Huang Bok Kai just go to Velesto, Wasco forum dig when I promoting these stock and when I start selling.

Do homework before you talk nonsense.

2 minutes ago

1 week ago

MrHuangBK

Hahaha Coconut Felix

Out of material to argue already ? When will you stop pusing2

Have you found your evidence of all the big profits you made in i3? Most probably you can’t 🤣🤣🤣

Everyone can see how you blunder in sap and YTLP… big big blunder

🤣🤣

1 week ago

Huangbk72

Hahahaha Coconut Felix

So your thinking is TG gain can cover your YTLP mishap? 🤣🤣🤣🤣🤣🤣

Big joke right??

I am here to fact check your gibberish in TG... No stock write off la... Gas price last Q down la.. Cost down last Q la....

All proven wrong

1 week ago

MrHuangBK

Coconut Felix talk gibberish again 😂. Bad attempt to make up stories again.

If you are not against YTLP, why you appear in that thread and make enemies 😂😂

U random pick enemies and go their thread ? 🤣

1 week ago

imbravo

hahaha...his account kena banned again. 😁

1 week ago

Genovese

Post removed.Why?

1 week ago

Huangbk72

Hahahaha Coconut Felix

Argue my failure.. u cant even prove

But I can prove all your failure 😂😂😂😂

Worse still... saying not against YTLP, but against OTB macai 🤣🤣🤣

Which coconut posted TP 3.00 for YTLP? Which coconut bla bla Nvidia down, YTLP also down.. again proven wrong

1 week ago

Huangbk72

Hahahaha Coconut Felix

Argue my failure.. u cant even prove. Coconut forgot his PLINTAS drop more than my Baidu or Bester 🤣🤣🤣

But I can prove all your failure 😂😂😂😂

Worse still... saying not against YTLP, but against OTB macai 🤣🤣🤣

Which coconut posted TP 3.00 for YTLP? Which coconut bla bla Nvidia down, YTLP also down.. again proven wrong

1 week ago

Genovese

Post removed.Why?

1 week ago

Genovese

Post removed.Why?

1 week ago

Huangbk72

Hahahhaa... Coconut post gibberish again

If you say like this.. everyone can say lost 100% also no issue. 😂😂

Anothe joke from you?

Posted by Genovese > 1 minute ago | Report Abuse

Dumbass Auntie Huang Bok Kai, ProLintas 15k shares got it during IPO. 11% paper lost nothing to be worry about. Lost 100% also no issue for me.

Auntie Huang's Bester and Baidu was once crashed more than 20% and thus are her core investment.

Dumbass 🤣🤣🤣🤣

1 week ago

Genovese

Post removed.Why?

1 week ago

Huangbk72

Hahahaah Coconut Felix.. again gibberish

How you know its my core? U live in my pants? 🤣🤣🤣

Posted by Genovese > 1 minute ago | Report Abuse

I actively applying IPO stocks. Most of the time not successful. Some gained some lost that's normal.

IPO not my core investment. Just for fun, nothing to worry.

On the other hand Bester and Baidu are dumbass Auntie Huang Bok Kai's core investment this year. Dumbass you see the difference?? 🤣🤣🤣

1 week ago

Huangbk72

Again proven this Coconut Felix post gibberish 🤣🤣🤣🤣

I didnt want to say anything.. let Ular prove it 🤣🤣🤣

Posted by UlarSawa > 2 minutes ago | Report Abuse

What witness. I dunno. YTLP promoters also sent Ular to jail leh. Kesian. Haiyoh. Correct?


Genovese

I went to YTLP posting negative posts because OTB macai posting Obituarty and Dirty posts here. Ularsawa is the witness.

4 minutes ago

1 week ago

Genovese

Post removed.Why?

1 week ago

Huangbk72

Coconut Felix

Your witness only prove your gibberish 🤣🤣🤣

What you say now, who believes 😂😂😂

All write off

1 week ago

Genovese

Post removed.Why?

1 week ago

Genovese

Post removed.Why?

1 week ago

Huangbk72

Hahahaha.. Again Coconut Felix talk gibberish.

Even down today, less loss % compared to PLintas

Coconut Felix dont know what is ROI? Need to read book again 🤣🤣🤣🤣

Posted by Genovese > 1 hour ago | Report Abuse


Dumbass Auntie Huang's Baidu back to square one soon. Again she will dumb dumb hold it forever.

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1 week ago

ArianaGoh

COVID cases are climbing in the U.S. amid summer travel 😯

https://america.cgtn.com/2024/07/14/covid-cases-are-climbing-in-the-u-s-amid-summer-travel

1 week ago

Huangbk72

Hahaha.. Coconut Felix pusing gibberish again...

So now we dont talk % return? 🤣🤣🤣

U started this talk of ROI.. now change again to suit your slandering.

Can you fix ROI in % or $?

Really pusing queen

1 week ago

MrHuangBK

Coconut Felix again gibberish

So now you fix talk ROI % or $? Don’t keep pusing2

I posted same day Bester 31.

Still slander 🤣

Ular betul? Haiyoh why she so dumb one?

1 week ago

MrHuangBK

Coconut Felix again lost his mirror

I posted SBH as worthy buy, Baidu and Bester as stock pick challenge this year in Feb and March. Holding not even 1 year.

Let’s talk your SAP.. hold 2 years still stuck 🤣

Your flagship TG? Hold how long? Years again 🤣

Posted by Genovese > 8 hours ago | Report Abuse

Dumbass Auntie Huang Bok Kai your flagships sinking but you laughing at other people's sampan. My flagship TG already went into battle field 3 times and celebrated victory 3 rounds.

Do you understand? Why you so dumb one? Who talk gibberish ah?

1 week ago

Mini2021

TP 1.5 by Month end

1 week ago

InfinityTifanny

Hong Leong Investment Bank (HLIB) Research has maintained its 'neutral' rating for the glove sector, and said it expects glove makers under its coverage to deliver sequentially stronger earnings in the coming quarters

https://theedgemalaysia.com/node/719115

1 week ago

BuildBackBossku

Strong support at 1.20 now for Topglove. Next station will be 1.30

1 week ago

gloveshapiro

ppl mountain ppl sea, glove slowly comeback

1 week ago

imbravo

congrats everyone...🤗

1 week ago

mf

Name
Last
High
Low
Chg.
Chg. %
Time
US 30
40,861.2 40,994.4 40,823.3 -93.3 -0.23%
04:03:42
US 500
5,629.5 5,666.6 5,626.5 -37.7 -0.67%
04:03:36
US Tech 100
20,169.4 20,394.0 20,148.1 -230.6 -1.13%
04:03:17

1 week ago

Albukhary

手套股经历了几年产能过剩,售价贱跌煎熬,今年四月至六月业绩初见曙光,券商分析员也上调手套业前景。

丰隆投资银行(HLIB)研究预测,手套厂商在下一季度可以交出更好业绩及盈利。

大马股市4大手套厂是顶级手套(TOPGLOVE 7113),贺特佳(HARTA 5168),高产柅品(KOSSAN 7153)及速柏玛(SUPERMX 7106)。

四大厂股价过去2个月明显回升,但是和2021年最高峰相比,股价蒸发80%左右。

顶级手套终止连亏7季窘境 Q3净赚5067万令吉


在周二的行业更新中,HLIB表示,虽然总体上看好经营环境的改善,但认为 2025 财年的复苏论调已被合理定价。

我们维持对该行业的 “中性 “评级,但对高产柅品(KOSSAN 7153)及的评级为 “买入”。

HLIB称,销售量将显着恢复,而平均销售价格(ASP)将从第二季度(2024年第二季度)起逐步改善。

该研究机构称,就地区而言,总部位于泰国的斯里庄手套公司自2020年中期上市以来,其2024财年第一季度的销售量达到了101亿件(季度环比增长14%),创下了新的记录,以510亿件的装机容量计算,工厂利用率达到了87%。

该公司称,就以泰铢计算的平均售价而言,斯里庄市环比略微增长了 1%。

该报告说,在中国,自 2023 财年第二季度以来,丁腈医用橡胶手套的主要生产商一直在满负荷生产。

“2024 年第 1 季度,中国最大的丁腈手套生产商英科医疗(Intco Medical)的丁腈手套销量持平,而根据我们的回溯计算,丁腈手套的平均售价(ASP)至少环比增长了 13%。

“例如,贺特佳(HARTA)以令吉计算的平均售价在2024年第1季度提高了2%至3%,但其他公司的平均售价却下降了2%至5%。

“因此,我们得出结论,与全球同行相比,2024 财年第一季度的销售量和平均售价轨迹的偏差主要是由于本地同行之间的价格竞争造成的,因为一些企业的产能仍然过剩,”它说。

HLIB表示,虽然它对手套生产商经营环境的改善持积极态度,但2025财年的复苏论调已被合理定价,因为5月份美国宣布对中国加征关税后,积极的情绪推动了近期的股价反弹。

6 days ago

sirM4KU

Looking good lately

6 days ago

Albukhary

英科医疗(300677)7月18日晚间发布业绩预告,预计2024年上半年度实现净利润5.5亿元—6.2亿元,同比增长87.61%—111.49%。报告期内,公司产能利用率达100%,一次性丁腈手套及一次性PVC手套的销售均价较去年同期均有所提升。

5 days ago

BuildBackBossku

Ular is back. Time for Topglove to break out 😁

5 days ago

Ghazaar

BIMB is ridiculous, set 85 cents for the tp ...

4 days ago

CaoCao

Haiyoh UlarSawa kena halau di YTLP again? Kesian, kelian. 🤣🤣🤣

2 days ago

InfinityTifanny

B in BIMB stands for bxllshxt

2 days ago

CaoCao

Haiyoh UlarSawa you are not welcome in YTLP. Don't siasuay yourself there. How many suiyee suckers listening to you and how many you could save?

Come back here promote your Topglov taikor. Haiyoh Correct??

1 day ago

Albukhary

随着行业供需调整,库存逐步消化,一次性手套销量开始出现较快增长。从价格来看,2024年二季度丁腈手套出口价格已经企稳回升,至5月底,出口均价已连续3个月实现月度环比价格提升,一次性手套行业经营拐点已经出现。

2024年一季度,英科医疗(26.220, -0.66, -2.46%)实现营收22.03亿元,同比增长40.06%,实现扣非净利润1.61亿元,同比增长194.63%。业绩大增主要原因是销量的增长,另外,2024年上半年实现净利润5.5亿元至6.2亿元,同比增长87.61%-111.49%,原因是产能利用率提升及销售均价较2023年同期有所提升。

业绩拐点已现

华创证券将一次性手套行业分为三个发展阶段:第一阶段是平稳期,2020年以前,行业处于平稳运行期,供需稳定;第二阶段是狂热期,2020年开始,疫情暴发带来一次性手套需求量飙升,但由于手套差产能难以在短时间内扩充,供需错位下一次性手套价格快速上涨,量价齐升下相关企业实现了业绩的显著增长。为了进一步吸收潜在订单,国内外相关厂商提出了扩产计划;第三阶段为冷静期,2020年之后,疫苗接种逐渐普及,新冠疫情也逐步得到控制,导致一次性手套需求量降低,此外市场新增产能开始投放,同时原材料成本开始下降,一次性手套价格进入下行通道,行业在供需关系调整中逐渐回归理性。

2022年,英科医疗营收和净利润同比分别下降59.27%、91.53%,中红医疗(9.170, -0.08, -0.86%)营收净利润同比分别下降67.97%、97.14%,蓝帆医疗(4.360, -0.02, -0.46%)的健康防护产品销售收入同比下降46.6%;2023年,英科医疗营业收和净利润同比分别变化4.61%、-39.12%,中红医疗收和净利润同比分别变化33.87%、-295.57%,蓝帆医疗的健康防护产品销售收入同比下降4.77%。

营收大幅下降原因主要为销售价格的下降。以英科医疗为例,2019年公司个人防护类产品营业收入和销售量分别为17.69亿元、155.09亿只,可知单价约为114.09元/千只。2020年和2021年,个人防护类产品营业收入为134.52亿元、158.07亿元,销售量为247.64亿只、404.51亿只,由此可大致算得一次性手套单价分别为543.21元/千只、390.78元/千只,然而2022年和2023年,个人防护类产品营业收入为60.05亿元、61.8亿元,销售量为463.82亿只、615.93亿只,即单价分别为129.47元/千只、100.34元/千只,2023年甚至低于疫情前水平。

根据英科医疗2024年度一季报,当期营业收入增长主要是报告期订单增加、销量增加。而就价格而言,机构判断价格调整已经进入尾声。

从供给端来看,各手套厂商目前已经暂停产能扩张,而且小厂商在手套价格下行过程中陆续出清,经销商库存基本消化完成,供给过剩压力已经得到极大缓解。

根据顶级手套2023年3月16日发布的2023年二季度财务季度(2022年12月至2023年2月)报告,丁腈手套销量出现环比回升,价格环比降幅大幅收窄,表明一次性手套渠道库存去化周期已经临近尾声。此外顶级手套同时公告,由于手套行业面临亏损和成本上升,手套平均售价已经于2023年2月起开始上调。而在宣布提价随后的两个多月里,顶级手套股价最高涨幅超过50%,贺特佳同时间段股价最高涨幅超过40%。

顶级手套提到,马来西亚的手套制造商已将手套的平均售价从17美元/千只提高到21美元/千只,新冠事件前丁腈手套的价格平均约为20-22美元/千只。从2月初开始上调价格后,公司手套平均售价增加了10%-20%,预计3-5月的交货期将继续提价,每月价格增量5-10%。

华创证券指出,2023年初,国产丁腈手套价格约为15美元/千只,马来西亚丁腈手套价格约为17美元/千只,其中2美元价差源自于美国对中国征收的关税,属于合理价差。2023年上半年,马来西亚手套厂商开始陆续涨价,但国产厂商仍然维持原价,将促进国产丁腈手套价格上行。

从丁腈手套出口价格来看,自2022年全球需求量下滑开始至2023年末,手套出口价格一直在持续走低,但2024年二季度已出现价格企稳回升趋势。根据海关总署的数据,医用丁腈手套5月出口均价达到16.57美元/千只,环比4月提升4.0%,已经连续3个月实现月度环比价格提升。

国内份额提升

全球一次性手套生产主要集中在东南亚和中国,疫情以前国内厂商整体产能规模与马来西亚头部厂商差距较大。据国盛证券统计,2019年马来西亚头部厂商顶级手套、贺特佳与高产柅品产能合计超过1350亿只,而同期国内头部厂商英科医疗、蓝帆医疗与中红医疗产能合计470亿只。

疫情爆发后,一次性医疗手套的需求显著增加,供不应求下手套价格大幅上涨,手套需求和价格于2021年一季度达到峰值水平,以一次性丁腈手套为例,其价格曾增至之前的4-5倍。2020年、2021年全球一次性手套销量分别达到6527亿只、7670亿只,同比分别增长23.4%、17.5%,销售收入达到192亿美元、264亿美元,同比分别增长118.2%、37.5%。

市场需求爆发之下,全球手套厂商尤其是国内厂商开始加速扩产,产能规模大幅提升,其中以马来西亚的顶级手套和中国的英科医疗扩建产能最快。国内头部厂商与马来西亚头部厂商之间的产能差距显著缩小。

2021年马来西亚头部厂商顶级手套、贺特佳与高产柅品产能合计1775亿只,两年增长31%,而国内头部厂商英科医疗、蓝帆医疗与中红医疗产能合计 1475亿只,增长2倍以上。

2022年随着行业景气度下降,国内外手套龙头均降低了扩产进度和数量。顶级手套在2021年9月产能为1000亿只/年,预计2025年其产能预计扩张至2010亿只/年;2023年披露的最新扩产计划显示,产能仍为1000亿只/年,至2025年产能预计扩张至1150亿只/年。

2022年,英科医疗陆续终止了临湘市年产400亿只(4000万箱)高端医用手套项目、夏邑年产131亿只(1310万箱)PVC高端医用手套项目、年产50亿只TPE手套和50亿只CPE手套项目。

至2023年,顶级手套、贺特佳与高产柅品产能分别为950亿只、310亿只、320亿只,合计1580亿只,国内头部厂商英科医疗、蓝帆医疗与中红医疗产能分别为790亿只、480亿只、260亿只,合计1530亿只。

目前,马来西亚一次性手套产量占全球的65%,中国占20%,其他国家占15%。相比疫情前的2019年,中国市占率已有显著提升:2019年,英科医疗市占率2%,蓝帆医疗3%,中红医疗2%,然而2022年,上述厂商市占率分别达到了7%、5%、2%。华创证券指出,由于国产手套厂商新建产能占比较高,产线自动化程度较高,在产线成本控制上较马来西亚厂商存在一定优势。

行业具备成长性

前期大幅扩产导致阶段性的产能过剩,但从中长期来看,行业需求仍然保持持续增长的趋势。

2017-2022年,全球一次性手套销量分别为4409亿只、4947亿只、5290亿只、6527亿只、7670亿只、6225亿只,销售收入分别为75亿美元、85亿美元、88亿美元、192亿美元、264亿美元和117亿美元。未来随着民众的健康卫生意识提升、不断沉淀防护用品的使用习惯,以及医疗行业针对手套使用标准的规范制定,预计全球一次性手套行业还将保持稳定增长。

从人均使用量看,发展中国家及地区一次性手套人均使用量远低于发达国家及地区水平。2020年,荷兰手套人均使用量为317只、美国人均使用量300只,而中国大陆人均使用量仅为9只,印尼人均使用量为6只,与发达国家和地区的人均使用量水平相比,有巨大的增长空间。

首创证券(19.900, -0.18, -0.90%)表示,重大疫情的发生会带来短期需求量的激增,例如2010年的HINI疫情、2012年的MERS疫情、2014年的EBOLA疫情。疫情过后手套市场会经历一个调整期, 2011年和2015年全球一次性手套需求出现下滑,但通常调整时间约为1年左右,在次年均恢复正向增长。虽然2022年一次性手套需求下降,但仍高于疫情前2019年的水平。

其认为,一次性手套行业属于成长性行业,调整期过后仍然会恢复正常增长。随着渠道库存的消化、使用场景拓展和发展中国家渗透率提升等有利因素,终端需求有望恢复增长,一次性手套的采购需求将逐步恢复正常。

1 day ago

Albukhary

行情总在绝望中诞生。
当大家都觉得不可能的时候,他已经慢慢回来着。
当你还在谈笑风生,他在默默耕耘。
当你还在取消他的失误,他已经无数次检讨自己犯过的错误。
有一天,当他真正站起来时,你才发现,他已经不再是哪个你印象中落败的他,他变成了更高更优秀的他,因为这5年来他一直默默的在改变。而你却还在同一间咖啡店,驾着同一辆车,住同一间屋子,做同一份工,每天和朋友吹水当年手套股几惨几惨,自己几厉害跑得快,马来西亚手套不能了啦,马来西亚股票骗人的啦。

1 day ago

CaoCao

Haiyoh UlarSawa, I told you already you are not welcome in YTLP but you degil went there kena halau and kena ban. Pandan muka kau! 🤣🤣🤣🤣

Your Ti Gong Po Pi's turn come back here promote TG Taikor.

UlarSawa
UlarSawa | Joined since 2020-11-28


Due to repeated abuse posts, this account has been suspended from posting to the i3investor portal until 2024-08-26. Please refer to the Terms and Conditions of Use or Community Standards of this portal.

22 hours ago

BuildBackBossku

Huge volume today. Short sellers cover their position?

20 hours ago

InfinityTifanny

I think so, except Kenanga 😄

https://theedgemalaysia.com/node/719944

19 hours ago

yfchong

Can clear RM 1.28 boh

10 hours ago

Sarawak32

Kenaga TP 75 cents. Why still above 1.20?

4 hours ago

Jeffrey

This Kenanga has same 🧠 type like the dumbass Huang Bok Kai in I3. 脑袋进水了。

Posted by Sarawak32 > 1 hour ago | Report Abuse

Kenaga TP 75 cents. Why still above 1.20?

3 hours ago

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