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1 month ago | Report Abuse
I like this statement "Whatever astronomical future earnings you guys are anticipating doesnt materialize yet.. so be rational a bit!"
1 month ago | Report Abuse
YTLP @ RM2.50 TA POV
twobits
Publish date: Tue, 06 Aug 2024, 10:00 PM
To, Gen z/alpha/omega ...
Posting this purely on TA pov... not bashing this counter or etc
AI theme should take a break. Whatever astronomical future earnings you guys are anticipating doesnt materialize yet.. so be rational a bit!
Classic 5 waves done. Anticipating corrective wave kicking in. Looking at 2.50 area.
Yearly chart support at RM 2.50 ya
Again... this is purely on TA. FA is not my cup of kopi. I do not hold a single share of ytlp...
Healthy discussion are welcomed ya...
1 month ago | Report Abuse
Welcome here Mike! Let's make Topglov great again!
1 month ago | Report Abuse
Stop posting already?
Keep posting lah!
1 month ago | Report Abuse
This morning TG price 0.94. My paper lost narrow down to 4.08%. Regret that day queue 0.85. Should have queue at 0.86.
1 month ago | Report Abuse
What are you talking about? I said offsetting the impact with increase in ASP and demand. This simple logic also cannot understand?
Mana you sekolah?
1 month ago | Report Abuse
Topglov last quarter revenue is 637million.
Assuming ASP increased from USD 20 per 1000 pieces to USD 21. That is a 5% increase and the demand also increased 10%.
Offsetting strengthen of Ringgit against USD about 5%.
Estimated revenue next quarter
= 637 * 1.05*1.10*0.95 = 698 million
Still higher than last quarter although there is 5% effect in exchange rate. The raw materials are purchased in USD, offsetting against revenue in USD. No big impact to the profit margin.
Based on this article gloves ASP raised USD 20 to USD 22 per 1000 pieces.
https://www.thestar.com.my/business/business-news/2024/08/05/higher-prices-in-second-half-to-buoy-glove-manufacturers
MARGMA estimated gloves demand to increase 10% annually.
https://www.bernama.com/en/news.php?id=2323758
1 month ago | Report Abuse
Riverstone just posted impressive QR results. Net profit up 54.6%
https://www.businesstimes.com.sg/companies-markets/riverstone-h1-net-profit-54-6-demand-gloves-recovers
Based on this article gloves ASP raised USD 20 to USD 22 per 1000 pieces.
https://www.thestar.com.my/business/business-news/2024/08/05/higher-prices-in-second-half-to-buoy-glove-manufacturers
1 month ago | Report Abuse
Congratulations to Harta! Started Q1 with good results! 👏👏👏👏
1 month ago | Report Abuse
I admit I caught the falling knife 🔪. I have capital to catch it. I went in batch by batch.
This price level is cheap for me. It could be cheaper, I welcome it with open arms.
1 month ago | Report Abuse
Let it find the bottom. Drop until you won't believe. 😎😎
1 month ago | Report Abuse
As of last quarter Topglov has MYR 418 million loan in JPY. Strengthen JPY against MYR not good for Topglov.
1 month ago | Report Abuse
Yakah Maybank dropped 3.3%. YTLP double digit drop? 🤔
1 month ago | Report Abuse
Bought too early, caught the falling knife 🔪 🙃. No regret because I have locked profit at 1.22.
This afternoon too greedy queue at 0.85 but didn't get.
See got opportunity to buy at cheaper price in next few days.
0.75 coming !!!
Holland 🇳🇱 coming !!! 🤣🤣🤣
1 month ago | Report Abuse
I just told one guy last week, don't ALL in.
1 month ago | Report Abuse
Worst for TG already over since last year. Nothing to worry about now.
I keep my decision go in batch by batch.
1 month ago | Report Abuse
Top up 2nd batch at 0.93. Average cost now 0.98.
Every 10 cents drop add 1 batch. 💪
1 month ago | Report Abuse
if calculate from recent peak of 1.31, TG share price already down 25%.
Could be drop more but this is golden opportunity to accumulate.
1 month ago | Report Abuse
Maybe the ringgit strengthening and US correction causing the recent sell down in Glove stocks.
1 month ago |
Post removed.Why?