QR release...Nice!!!

everything get ready just need the trigger point.. haha the shoot up

Topglove production at klang stop operate...now management have to ramp all the production at different location and country..won't surprise they will keep expand at thailand...
indirect benefit dnonce on their packing segment

the most funny thing is he use market cap to calculate it...

should him ask maybank to do it ??? cause now maybank is number TOP 1
mean maybank earn a lot money, maybank need kena wind fall tax....

after see the commend from this fellow https://www.facebook.com/syedsaddiqofficial/posts/347204313620802.... totally no comment...really no hope for this person....

now i know why report profit will sell down, only making lose company the share will grow up....

to Top Glove, once list at HK just delisted malaysia market ba...go make sg market as primary.

for the next 5 years expansion, all the new factory setup at thailand, china, vietnam...etc ba...


no matter how much to contribute to malaysia and make become no 1 world glove maker... that fellow will said you take advantage haha....

windfall tax worry... latest news no more tax settle
supply over worry... now temp shut down to solve those who said supply over.


Apa lu mao lagi haha

Yeah.. Let them sell down only lah...

assume:

28 factory close down by stage and only operate 30 to 50%.
ASP increase another 20% or 30% for immediate order, 15 % for waiting list.

28 factory resume back to 100% operation.after 2 weeks
during temp shut operation ASP reduce 5%... will this increase profit ?


i believe those already pay deposit will not cancel order, cause once cancel order it can't get any glove factory to supply it...


i will said this temp shut down will cause more shortage on the glove...

Let see got limit down or not... i already set buy queue at 6.25...xD...

all the 28 factory close by stages to allocate the resource, factory close down and sanitizes it can open back back....management already on going hire local staff and temp staff to operate it...

understand some of them happy because top glove get effect and then curse them karma lah this lah....

Please lah... people during this period earn money you jealous, do you know that without glove and other PPE during this time how much impact to the front liner ?

if your sons, relative or daughter is the front line, told you they don't have glove or other ppe to help out those covid patience what will you think of it ?

PPE is the basic items to protect the front line...without this nobody will be the front line...
all the swap test and treatment noneed to perform anymore... because those who give you the treatment will be bring covid virus to you just simple on it.

Sad today malaysia case break high record, and covid impacted the health care industry...
all the because our government under estimate and now they need to pay with the high price...
with the current situation, all the economic in malaysia will not recover so soon..

under RMCO stage malaysia under good position, due to greedy of power in the politic.. now all the malaysia ppl, business mans and economic have been scarify...

Advise those capable business company, do expansion at other country, don't waste time anymore...
develop country like vietnamm, mynmar and cambodia are well management than malaysia.

if you notice the toglove SBB price and volume... look like it done it at at 11:30pm to 12:30...or early..... who collect it during closing period ??

my collection last collection time average 6.35... if drop below collect only....

Short of man power... manufacture close stage by stage.. Top Glove allocate 30% immediate order will increase ASP liao!!!

https://www.cnbc.com/2020/11/23/oxford-astrazeneca-covid-vaccine-is-70percent-effective-trial-shows-.html

https://www.cnbc.com/2020/11/23/oxford-astrazeneca-covid-vaccine-is-70percent-effective-trial-shows-.html

latest news!!!

For those still thinking about the windfall tax, please find below new.
Projector Y2021 total collect tax from glove industry 47B....so how much Top glove will contribute how much on 9 December 2020 we will know it haha

https://www.thestar.com.my/business/business-news/2020/11/23/glove-makers-income-tax-rm28b-this-yr-rm47b-next-yr

LOL @Hiddendragem,, Woowww can you provide your figure for the next few quater ?? how to factor in ? how you calculate on it ? hahaha

https://www.thestar.com.my/business/business-news/2020/11/23/glove-makers-income-tax-rm28b-this-yr-rm47b-next-yr

next year targer 47B for income tax.... so how much will earn for all the glove company ???

mean double up all Profit,,,

Yes... the information i get from my friend over there..they hire a lot local worker to replace all the foreign worker... so some unhappy because worry lost job lah and this lah... production no impact because all automation... won't surprise management will keep hire more and more local ppl to assist government to reduce number of unemployment....

Just the news keep emphasize the teratai link to Top Glove... haha...

Primeinvestor Lol all info so wrong, 5700 workers has gone through emco, and 5732 has been screened for teratai cluster, all has been screen! Means likely no more cases from topglove, maybe left some that results havent been reported, 5700 workers under emco cant work for 2 weeks, even all of them kena, it has already priced in


Agreed... that why don't know why all the new keep emphasize the latest covid link up with Top Glove..what is their behind intention?

Press Release from Top Glove already provide the number of worker get impact from EMCO...

Based on data prepared by the ministry, some 5,762 individuals have been screened so far, with 1,310 patients undergoing treatment in intensive care units. To date, no deaths have been reported from the cluster.

"""""Top Glove's worker dormitories in Klang and its surrounding areas are currently under the enforcement of Enhanced Movement Control Order (EMCO) until Nov 30, after 250 Covid-19 cases were reported. """""

On Nov 17, Top Glove clarified that the implementation of EMCO affected about 5,700 of its workers.

LOL JK22 please use your brain before put a blame on Top Glove..
you want top glove responsible for this CMCO selangor, first you need blame our govern and the person who daily announce the the number covid case...

All this due to crazy of power, under estimate and confident able to under control..
in early stage, impose 14 days self quarantine and block those back from sabah.

they said double standard on it... buy why now only happen on selangor so who double standard ?

if Top Glove fall down, other will be fall down also..

At least Mahsing doing on proper tracking concurrent process....Hope KYY don't enter here haha

i believe all waiting bajet issues to over.... let said everything settle i believe foreign investor will come back

LOL... this KYY come Top Glove here comment... advise him before put out the comment please look at what happen on the AT counter and where is his TP 0.7....what a joke..

Please lah he tot who is him wor... all the big 4 counter need get consultant from him meh...

Today top glove position is world no 1 glove producer, of course Top Glove know well what they are doing... and what is planning too...

Look at Aspion acquisition what is the term inside, cash with cash..

what if topglove have planning on Latexx?
what if those share listed at HK market and get funding distribute higher dividend ?
what is those SBB as a dividend reward back to shareholder.

Advise KYY, ask him go back to AT push back the price to 0.7... haha

Great New!! salute Mahsing... everything settle only announce...
as i said early mahsing pattern is complete everything only make official announcement..
compare to other company is they are announcement first and then doing it...

hold until April 2021 sure will handsome reward !

haha...initial we view CBP will be bad.... actually use another way to see and think...
Euro and other country are laughing and thank you to US for CBP.. so that they can get glove for their frontline....

nobody will know the actual plan what will happen...
i guess owner try to make his company more valuable, as long the share list at HK is via the existing share pool... then all the shareholder will be reward handsome..

To listed at hk market depend the company whether want issues new share to generate fund or what use existing share pool.

is all the treasury share sell off to hk market via listed and generate 2B USD.
so you think worth it or not ?

if those share buy back with current RM900M, if they listed at HK will able fund USD 2B...
after that declare special dividend for shareholder... worth it or not ?

sure boss will know well their call flow.....if coming qr 2.++ B PAT all this share buyback just around 30% of their PAT....

those buy below RM1 just hold until next year will reward handsome !!!

yeah... soon Ambank will revise their TP haha...

actually the windfall tax should no apply to any sector... a country with economic open.... normal tax is set by government is the basic rule... if windfall tax apply to those earn huge profit.... that mean will make more foreign company run away... you can enjoy one high collection... but long run you kill yourself... don't forget government income base on tax and investment...

malaysia want to grow their company, they need to protect and invest more on the profit company and also upgrade the infra to attract more foreign investor come in... the lose job rate will decrease...and GDP up...win win situation.

if the vaccine is confirm... their glove will be fully book by china..
even lkl and notion don't have glove factory can get award on the glove... how about mahsing glove factory coming to operate at april..

next time ask syed saddiq ask government introduce windfall tax on banking sector lor... if he come view coming from earning points... ask him post covid or non pandemic time apply windfall tax on banking sector... because each time bnm increase blr banking profit a lot.

ask him dare or not

if you all notice the each time SBB how much money Topglove spend ?
what going to do for the SBB share ? now treasury share 1.4 percent....

https://www.marketscreener.com/quote/stock/TOP-GLOVE-CORPORATION-BHD-6496122/company/

based up upper link the shareholder position if include today SBB
Total share holding around 55% balance 45% in the market.

what if they really SBB up to 10%... how many balance share in the market ?
balance share at the market will be 36.5.
if really 10% listed at HK, how much fund will Topglove have ?

Please note, current their status is net cash company.. coming release QR on 9 december 2020 their net cash flow will be increase...

EPF current hold 6 to 7%, if EPF also collect up 10%
balance share in the market will be 33%

33% percentage haven't minus long term share holder...

https://www.chinapress.com.my/20201118/%e2%97%a4%e5%85%a8%e7%90%83%e5%a4%a7%e6%b5%81%e8%a1%8c%e2%97%a2-%e5%90%89%e6%9e%97%e5%bb%b6%e8%be%b9%e5%a4%ab%e5%a6%bb%e6%9f%93%e7%96%ab-%e6%b2%bb%e6%84%88%e5%87%ba%e9%99%a2%e5%90%8e%e5%a4%8d%e9%98%b3/

https://www.chinapress.com.my/20201118/%e2%97%a4%e5%85%a8%e7%90%83%e5%a4%a7%e6%b5%81%e8%a1%8c%e2%97%a2-%e4%b8%ad%e5%9b%bd%e5%86%b7%e5%86%bb%e9%a3%9f%e5%93%81%e4%b8%9a%e7%96%ab%e6%83%85%e8%bf%9e%e7%8e%af%e7%88%86-%e5%a4%a9%e6%b4%a5%e5%86%8d/

china got case again now relate with malaysia food

yes agreed... all the glove maker should divert their factory to different country... rather than let this politic ppl play around our economic....

ppl so hardworking built up the product and reputation to world market... no body will know when the virus happen and end... just during this pandemic covid-19 they gain more benefit... their product to protect frontline and human life... now increase tax and take advantage on it really shame of it...

hope boss divert to vietnam and combodia market.

this Syed Saddiq very disappointed on him.... he don't even know what will impact if windfall tax applied... malaysia will lose glove market position.. and more and more country will ban malaysia...
because during this time take advantage to increase tax.. average ASP will shoot to sky...as the business they can easier convert the windfall tax to average ASP...

new virus coming.... gg...

https://www.chinapress.com.my/20201118/%e7%8e%bb%e5%88%a9%e7%bb%b4%e4%ba%9a%e7%8e%b0%e8%87%b4%e5%91%bd%e6%96%b0%e7%97%85%e6%af%92-%e5%8f%af%e4%ba%ba%e4%bc%a0%e4%ba%ba%e7%97%87%e7%8a%b6%e4%bc%bc%e4%bc%8a%e6%b3%a2%e6%8b%89/

current production volume 90B... feb 2021 will be 100B...from 80b to 100B increase 20B volume...
let said the ASP increase another 10% during december... how much profit will gain on 2q 2021 and 3q 2021...

analysis mention on the ASP, which their predict... have they zoom to the volume???

two new factory going to production at 1Q at 2Q

4B - sadao, Thailand
2.3B - kulim. Penang

after 2Q 2021, total TOP Glove production will achieve 100B.

company will keep SBB... until achieve the number of share they want.. because all the treasury share will be listed at HK market. it won't issues new share..

Vaccine celebrating going to over... back to reality !! haha

haha bigby7... price below 7 consider dirty cheap liao......

EdwinYap86 In next year not only ASP will reduce, Volume demand also will reduce and more people joining glove industry.

EPF also hint portfolio adjustment due to account 1 withdrawal , first counter to dump will be glove.

are you sure they dump glove???

i heard they going to dump banking sector... because dividend coming for 2 years will drop...

Today boss big shopping via SBB... to achieve his target to listed at HK market..

https://www.theedgemarkets.com/article/eyeing-hong-kong-listing-does-top-glove-need-it

@Stockisnotfun, very simple... vaccine out the glove demand still there and their order book until 2021.. where other like banking and genting..i think still need time to recover and their current price already back to post covid time.. where haven't happen...

after this incident... i think boss will more aggressive execute their plan list at HK market...
for the next 5 years plans, they will more focus expand at other country... all this because our gov under estimate the covid 19, still remember during september what our kkm said ? everything under control so what is the situation now? really what a joke... recently GDP and and export data is boots up by health care segment.. without all the healthcare segment we are shrink more... market is too optimistic malaysia will recovery next year with 5% to 7%.... i really don't see from what point we can recovery back to that level? sorry to said that...

thank you for the panic sell.. able to enter 6.2 and 6.5 hahaha

https://www.cnbc.com/2020/11/16/coronavirus-biontech-ceo-says-life-could-return-to-normal-next-winter.html


As a scientist and from extrapolation of what we have seen so far for other viruses, I would expect that a high efficacy in preventing disease translates into at least some efficacy in preventing infection,” Sahin told the BBC on Sunday.

“So, I’m very confident that transmission between people will be reduced by such a highly effective vaccine – maybe not 90% but maybe 50%. But we should not forget that even that could result in a dramatic reduction of the pandemic spread.”

The Pfizer-BioNTech vaccine is one of several in the final stages of testing, as drugmakers and research centers worldwide scramble to deliver a safe and effective vaccine.

Wah SBB again and EPF collect again..

https://www.cnbc.com/2020/11/16/coronavirus-biontech-ceo-says-life-could-return-to-normal-next-winter.html

"" As a scientist and from extrapolation of what we have seen so far for other viruses, I would expect that a high efficacy in preventing disease translates into at least some efficacy in preventing infection,” Sahin told the BBC on Sunday.

“So, I’m very confident that transmission between people will be reduced by such a highly effective vaccine – maybe not 90% but maybe 50%. But we should not forget that even that could result in a dramatic reduction of the pandemic spread.”

The Pfizer-BioNTech vaccine is one of several in the final stages of testing, as drugmakers and research centers worldwide scramble to deliver a safe and effective vaccine. ""