Interest pretty low but bullets ready ~~ See who start the ball rolling first!!

Monkey angry and be sarcastic liao ...
Ok la ... i give you more peanuts later ...LOL

Go down a little bit also happy ?? so pitiful ~~
I guess when you pay peanut, you get monkey happy !! Wakaka

Shortie and naysayer no power mah !! They all lan par par lan only !!

Wah so desperate this 112212 guys ... why la ?? wakaka ... no power~~

Fundamental always prevail over technical~~

Moderna CEO says the world will have to live with Covid ‘forever’

https://www.cnbc.com/2021/01/13/moderna-ceo-says-the-world-will-have-t...

Dont worry too much on the naysayers and haters !! The fact they badmouth this counter is because they dont have the financial capacity to influence the pricing and they need to influence others to do so !! In the end, they need other to drive down the price so that they can capatalise !! It is a dog eat dog business, right ??
We should act like Warren Buffet to ignore all this low class hypocrites and trust the company fundamental!!

TopGlove IPO price RM2.70 March 2001

2,000 units X RM2.70= RM5,400

Bonus issues:
2002 3:10 ==> 2,600 units
2003 2:5 ==> 3,640 units
2005 1:1 ==> 7,280 units
2007 2:5 ==> 10,192 units
2010 1:1 ==> 20,384 units
2016 1:1 ==> 40,768 units
2018 1:1 ==> 81,536 units
2020 2:1 ==> 244,608 units

244608 units X RM 6.42= RM 1,570,383

6th Jan 2020 Top Glove AGM Summary
1. ASP in Q2FY21 is expected 30% higher than Q1FY21. The whole industry players in gloves manufacturing agreed that the ASP will remain strong for year 2021.

2. Delivery period increase from 30~40 days previous to 560 days and 370 days for nitrile and natural rubber gloves respectively. Note: Nitrile and natural rubber gloves comprises of around 90% of Top Glove revenue in FY20.

3. US gloves stockpile reduced from 16.9 billion pieces to 2 billion pieces in October 2020.

4. Some Top Glove customer stockpile for gloves reduced from 2~3 months to 1~2 weeks.

5. Top Glove is exporting gloves to 195 countries currently.

6. Top Glove has enough raw material for continuous manufacturing of gloves.

7. Top Glove expects new players in gloves manufacturing facing issues from factory installing, workers and raw material issues.

8. Dividend payout for Q2, Q3 and Q4FY21 will be 70% on PATAMI.

9. Reason for share buyback (SBB) is because Top Glove thinks their company is undervalued at the purchased price and expects better return than putting into FD which gives 2% only. The amount of SBB is only 2.15% from the allowed 10% threshold.

10. Top Glove has 4 billion cash as of 31 Dec 2020.

11. US Border issues will be resolved when the independent international consultant verified the hostels and accommodation meets the required of Workers Housing Act 446.

12. All Top Glove factories that has been affected by Covid-19 lockdown has been resumed operations as of 20 Dec 2020. The lockdown is expected to impact 4% of the total revenue and profit.

13. Top Glove is spending 100 million for next 3 years to build hostels for 7300 workers and using 95 million to acquire new apartments for 2700 workers.

14. Top Glove is moving towards automation direction which previously 1 million gloves need 8 workers and now only 1.6 workers.

15. Top Glove current factory utilization rate is 95%.

16. Malaysia will remain the focus ground of gloves manufacturing activities at the same time expanding their existing foreign manufacturing plant.

17. Top Glove Hong Kong listed is expected around mid 2021.

18. Top Glove aims to achieve Fortune500 by 2035 with an expected CAGR of 20%. Note: Top Glove current CAGR is 28%.

Overall review:-

EPF interested in buying again with ESG fulfillment
Crossed buying from recovery market sell off
Covid mutation in UK, may lead to potential epidemic
Vaccine faced production capacity limitation
Vaccine faced distribution issue
Vaccine had allergy effect
Vaccine do not have testing for long term side effect
Vaccine not recommended for under 16
Vaccine not recommended for pregnant mom
Covid to spike from now till end of Feb
ASP for glove to rise 20-30% in this quarter
Order in hand for FY21 and FY22 still in tag
Record breaking RM 3.5B PAT coming QR
Additional 10% capacity in the coming quarter
Worker act issue and accomodation to be settle this month
US Ban in final discussion, expected to be resume export in Jan
Management continue to buy in and provide support line
Glove demand expected to rise by 20-30% in FY21
Divident at least 10% for FY21 with the current price

TG next quarter review:-

ESG fulfillment will prompt EPF acquisition
Additional 10% capacity = Increased Revenue
ASP to rises 20-30% = Approximately RM 3.5Billion PAT
Worker Accomodation to be settled in Jan
US Ban in final stages of discussion, should be lifted in FY21Q2
Demand for glove expected to rise 20-30% in FY21
Remained as a safe haven from political uncertainy
Remained as favourite to capitalise in Covid spike
Next dividend should be more than 16.5sen due to increased Revenue and PAT

You want more news on pfizer vaccine doubt ?? Why do they seek for law protection when their product goes wrong ?? Why you cannot sue them if you got side effect or die from their vaccine ??

https://www.independent.co.uk/news/health/coronavirus-pfizer-vaccine-legal-indemnity-safety-ministers-b1765124.html? https://www.cnbc.com/2020/12/16/covid-vaccine-side-effects-compensation-lawsuit.html

gemfinder, everyday same old story ... you no power anymore !! Haizz wakaka

Just let the shortie do their job next week !! Awaiting for the cap to hit limit ~~

History repeat itself for JPM??

https://www.cnbc.com/2020/09/29/jpmorgan-chase-to-pay-920-million-to-resolve-us-investigations-into-trading-practices-.html

Simple ...
Production down = supply down = demand increase = ASP higher = Less work more profit !!

Is ok ... just treat it like doing a good deed to help a problematic kid !! Wakaka

Trust gemfinder is just trying to get some attention !! He lack of that from his parents and friends ~~ pitiful !!

What force labour?? They signed the contract to work under the term and condition of the company, right ??
Dont trying to pick up something out of nothing like previous sam seng !!

Dont worry too much on the naysayers and haters !! The fact they badmouth this counter is because they dont have the financial capacity to influence the pricing and they need to influence others to do so !! In the end, they need other to drive down the price so that they can capatalise !! It is a dog eat dog business, right ??
We should act like Warren Buffet to ignore all this low class hypocrites and trust the company fundamental!!

Come Tomorrow !! I Dare all the shortie and IB to short TG and limit it down, If you can !!
If limit down, I chop !!

Still got people believe that covid will go away with vaccine ??
Why they cant understand that it is here with us forever ??
Even the CEO of the vaccine manufacturer already claimed COVID will stay with us forever !! Why is there still people in denial think that we will be safe from COVID!!
Between, Biden had set aside US$ 50B for the mass testing for covid in his relief stimulus plan, so that proved he also believe COVID will be with us after the mass vaccination!!
So to all the Covid disappear hoper stop dreaming like TRUMP!! Pls la wake up because you are really irritating!!

https://www.cnbc.com/2021/01/13/moderna-ceo-says-the-world-will-have-to-live-with-the-coronavirus-forever.html
https://www.cnbc.com/2021/01/14/biden-stimulus-package-details-checks-unemployment-minimum-wage.html

Ok la ... if it make you happy, we believe your love for tech company !! wakaka

he desperate to come in so have to come so late to dig for cheap ticket !! LoL

I feel the more covid cases there is, the more reason for the extension of MCO, the more justifiable for emergency state, the more convincingly for not having the a change of power !! Do you understand me ??

If you already sold, then why you so defensive and panicky ?? What a bad lier ... trust me, just cut lost ... Level 6 is defficult for Heng Yuan now ... wakaka

PP is below current price !! Once it’s issued, it will be factor in to the price !! So be prepare !!

It will go down below 5 for hengyuan!!

Heng Yuan doing ok ?? Time to drop the shortie bomb ...gemfinder you better sell on Monday !!

Even for JPM, they wont limit it down as they are still holding quite a significant amount of share in TG !!

I dont think anyone have the ability to limit down a bullish industry company !! Dont worry and trust the company fundamental !!

It is time for a leap of faith !!

https://www.theedgemarkets.com/article/top-glove-says-employees-four-factories-test-positive-covid19

Trust Monday is a shortie day to recoup their loss ~~ Is a matter of holding on tight & defend OR give in & fight for another day!! Remember Warren Buffet doesnt follow the technical aspect of a stock, instead he trust his fundamental report & instrinsic valuation !!

Mention JP again ?? Why so addicted to them ?? They try to bring down Tesla price, and they fail miserable... Now, you still trust them or even worship them ?? Pls la... wake up !! They are just a common Lo s e r trying to get some attention !!

https://focusmalaysia.my/business/covid-19-top-glove-confirms-outbreak-adhering-to-all-protocols/

Bring it on Shortie and now you have the reason to do so !! See if you have the balls or capacity to limit down on Monday !! Dont be big failure like you are in the last few days ~~ wakaka

They are call shortie for another reason because they always fall short !! Wakaka

Bring it on shortie !! I dare them to short next week ~~ The fact is they are at the losing end after the first day of trading this year ~~

By the way, who care about JP Morgan analysis report ?? They are the one who give a Target Price of USD 90 on Tesla; AND just compare the current Tesla stock price with that TP !! What a joke !! And now you expect us or anyone to believe them again ... Pls wake up to reality ~~

With so many side effects and death from the covid vaccine, trust this pandemic will last at least a few more years!! Even the CEO of Moderna admitted that this covid will be with us forever ... so I still confident that the glove demands will outshines this temporary set back !!

Just get this over with and take this minor hit !! TG will fly again soon ~~

This proved that TG is following the protocol from the govt; that is to screen every of its employees!! The fact is covid is already in all of the community and I am sure if everyone follow the protocol, there will be more to come from others!! Big salute to TG for taking the lead ~~

https://focusmalaysia.my/business/covid-19-top-glove-confirms-outbreak-adhering-to-all-protocols/

If monday limit down, I chop !!

Here we go again ~~
Bring it on Shortie and haters!!
See who will prevail!!

So many so hai here !! Thinking that just because they open shop to do glove today, people will buy from them straightaway !! Pls la dont humiliate yourself ...
Glove industry is build on track record and years of trust !! Any newbie to the industry will have a hard time to gain traction due to this!!
Just like you create a new smart phone today, try la to sell it to a Iphone user with your cheap price !! See how you die ... so hai kia !!

Since CNY is coming, and that the JPM analyst who wrote the analysis and the re-emphasise it again, is a chinese !! We should celebrate with him and help him to brigthen his house !! Paint it red and make it huat !! wakaka

@stevee Pls look at the chart below!! After so many bonuses issue over the years!! The price had been consistently increasing with or without the pandemic !! And not forgeting the dividend deduction every year !!
SO if you still want to factor in the bonus division, why not you factor in all of the bonus division over the years!! Dont be a so hai trying to prove a so hai theory !! Pls make an @ s s out of yourself !!


TopGlove IPO price RM2.70 March 2001

2,000 units X RM2.70= RM5,400

Bonus issues:
2002 3:10 ==> 2,600 units
2003 2:5 ==> 3,640 units
2005 1:1 ==> 7,280 units
2007 2:5 ==> 10,192 units
2010 1:1 ==> 20,384 units
2016 1:1 ==> 40,768 units
2018 1:1 ==> 81,536 units
2020 2:1 ==> 244,608 units

244608 units X RM 6.42= RM 1,570,383

Buying vaccine or own coffin ??

https://www.globaltimes.cn/page/202101/1212915.shtml

Germany - vaccine death !!

https://www.republicworld.com/world-news/europe/10-dead-in-germany-within-4-days-of-covid-19-vaccine-inoculation-probe-ordered.html

Vaccine death !!

https://www.bloomberg.com/news/articles/2021-01-15/norway-warns-of-vaccination-risks-for-sick-patients-over-80