MBb tp 4.51 downgraded

Top Glove's 3QFY21 Results Below Our Expectation; Lower Target Price
Top Glove's 3QFY21 earnings came in below our expectation but in line with consensus. ASP seemed to have peaked in Feb 2021 and started falling 16% q-o-q in 3QFY21 (2QFY21: +27% q-o-q) while lead time has reduced to 90-120 days.
We adjust our earnings per share forecasts by -2% to -26% after we lower our ASP assumptions by -2% to -8%, partially cushioned by a lower number of shares (-39%) to be issued for its Hong Kong listing. Post-earnings adjustments, our new DCF-Target price for Top Glove is MYR4.51. HOLD.

PBB tp 4.45 downgraded

Top Glove’s 9MFY21 net profit registered a 1163% YoY growth to RM7.26bn, on the back of stronger sales volume (+12% YoY), supported by the Covid-19 pandemic. The results came in within both our and consensus estimates at 70% and 74% of full-year numbers respectively. Despite the YTD YoY growth, we highlight that Top Glove has registered its first QoQ decline in ASP since the Covid-19 outbreak in early-CY20. Management has guided for ASP to continue falling by 5-10% on a MoM basis in 4QFY21. We lower our earnings projections for FY21-23F by ~13%, to factor in the lower ASP. We also rollover our valuation to CY22F and our TP is subsequently lowered to RM4.45, (at - 1SD of its pre-Covid historical 5-year mean) based on its CY22F EPS of 40.4sen per share. With that, we downgrade our call on Top Glove from Trading Buy to Neutral. Top Glove has also declared a third interim dividend of 12.7sen per share and a special dividend of 5.3sen per share.

Glove always Fake move
Suddenly Push up , later red .
this is what ?
Shark Disposed movement.

World covid cases is dropping.
6month Later will Going End Soon

Supply more than demand.

Mouse Trap .
Shark wanna disposed.
Waiting ikan bilis rush in

Investoz88 Have been checking Sgx recently.
TG there has a small premium over Bursa.
Last Fri when here drop a lot, SGX hold very firm but eventually close at 1.56 ( but still about 4.83 ).
Support there quite strong. Shorts have mostly covered and are negligible now.
Now with TG US going crazy, the picture is clearer..
Monday onward will be exciting.
12/06/2021 9:55 AM

Mercator, Sri trang glove all drop to bottom

US tg = Mouse Trap .
this is why 90% retailers always lose
because no brain

Tipu u all go in and kill

Thats is Fake move
Let u all ikan bilis rush in
Shark disposed la
in future glove sales at pasar malam


yauboon so we will see monday TG msia jump 50%?
12/06/2021 8:38 AM

No body care Extend.
All malaysian Expect will lockdown 1-2month .
Now Genting all Oversea Business Open

08/06/2021
8,900
Acquired
Direct Interest
Name of registered holder Tan Sri Foong Cheng Yuen
Description of "Others" Type of Transaction
Consideration (if any) RM5.17 per share

09/06/2021
11,100
Acquired
Direct Interest
Name of registered holder Tan Sri Foong Cheng Yuen
Description of "Others" Type of Transaction
Consideration (if any) RM5.15 per share

Upcoming
RWLV Grand opening.
In this summer YOKOHAMA IR Bid .
GenHK Cruise Reopen .
Stay tune AGM (more good news) .
GenS 2.0 is Coming soon .
And Miami New casino Project

6month later Malaysian 70-80% Vaccination
Skyword Genting Grand Opening.
Christmas or 1/1/2022 go to Genting Holiday Sure Jam
till u Sh1t On pants.

no need see Genting price everyday nia .
Just wait 2022 chinese new year
when u go to Genting Highland holiday
Just Take out your phone and see the price 6.5 nia .

Ask your self
Which countries Still need so much glove now ?
is Hospitals Store full of glove ?
Production too much ?
Not much Order Asp Drop ?

future 1 years Glove price Drop 70-80%?
because no one buying?

Next QR i think drop to 1.5b??
2022/Q1 = 1b
Q2 = 400m
Q3 =150m
Q4 = -100m Negative??? because Supply more
than demand????

Supply More than Demand

Future 1 year Mega sales at pasar malam

End Game
Hengyuan 2.0

2.5 coming soon

3.5 is coming soon

see my name

Las Vegas Party On !!
RWLV Opening = Huge Profit Coming!!

https://www.onlinepokerreport.com/51174/retail-casinos-return-to-full-capacity/

Afternoon season 4.6

and 3.5 is coming soon

After 1 year u can buy Glove at pasar malam
rm5 per box wakakakakaak

Now Problem is which country still need Orders
so much glove ?
less Orders And selling price drop .
Supply More than Demand
All hospitals Store full Of Glove .
in future 1 year Glove will Selling Pasar malam price .




Stocksafeplayer One thing for sure….gloves moving to pre-covid prices.
TG may be below 2.0 if US Total Ban continues till year-end 2021.
11/06/2021 11:58 AM

Everyone Expect will Lockdown 2 month .
no body care

Who’s Care About Malaysia ?
UK SG business as usual.

All eyes On RWLV most biggest Resort in US
with 100% Genting share subsidies
is OPENING SOON .

Huge income is coming.

Now slowly slowly up nia
1 year Later Profit Lost Turn Earning
Share price will Rocket to the moon ~

I believe Human will Crazy Panic Traveling
Business sure good than before pandemic .


Stocksafeplayer GHK Up +6.90% now!
11/06/2021 10:52 AM

Genting HK slowly uptrend .
cruise reopening Soon

Future Sales pasar malam price
u think still give high dividend?


GloveBurnHand Which country still need Too much Glove ??
in future Supply more than demand.
Future 1 years sure selling pasar malam price.

All hospitals Enough glove still Order too much??
Asp downtrend becomes pasar malam price
11/06/2021 9:15 AM

6.5 is coming soon

2.0 is coming soon

2/2020 TG QR = 115mill
Pandemic End i think can drop to 200m
Supply More than demand

Which country still need Too much Glove ??
in future Supply more than demand.
Future 1 years sure selling pasar malam price.

All hospitals Enough glove still Order too much??
Asp downtrend becomes pasar malam price

Which country still need Too much Glove ??
in future Supply more than demand.
Future 1 years sure selling pasar malam price.

All hospitals Enough glove still Order ???

i think next QR 500m
2022 Q1 300m
Q2 100m
Q3 30m
Q4 -50m ( Supply too much no orders)

2.5 coming soon

DickyMe RM 4.00 coming soon!
10/06/2021 9:01 PM

don’t touch warrent or u get Burn

future Glove sure selling pasar malam price.
Supply more than demand.
cheap and cheap sales .

Which country still need buy much glove?

Next 1-2 QR still Profit Lost .
We need wait After 1 year Panic Traveling start
QR profit Pat sure billion billion

Just wait Genting after 1 -2years
QR profit Recover and earn 1 billion profit Above +

My Target is 2023 not now.
don’t see price movements everyday.
Just delete your Apps
And wait 2023 u will surprise.

GENM 81% Buy rate .
Hot !!!

After 1 years Sure all hospitals Full Of glove .

Don’t think Dividend in future can maintain high

When Hospital Store Full Of Glove .
No body Buying
And Manufacturing Too Much Glove .
Price Asp will drop below 2019 price .
Because now Production is more than 2019
Sure Supply Over .

Now Which country still Order So much glove?

Next QR i think 1.5 b
Q1 1.0 b
Q2 500m
Q3 100m

Supply more than demand .
And cheap sales mega sales like pasar malam
in future.

run

now Glove Continue Burn
me more worry about Glove
Burn non stop

So sad .. Our EPF Huge lost .

Stocksafeplayer Bad news for Serba…hope Serba’s bankers continue to support Serba through thick and thin :)

Genting Have more upside potential 。

Gent Genm both also Have .
But i have Gent 70% Genm 30% .

Agjl GloveBurnHand Genm Very strong Buy rate .

Genting Just wait RWLV Grand Opening got show .
10/06/2021 9:44 AM

Genm is pure casino play. With more casino reopening for business worldwide (excluding msia) genm will get a boost. Thus the steady buying.. of course gent parent will also follow suit. Either one, u will benefit ist run sooner or later.. cheers!

Genm Very strong Buy rate .

Genting Just wait RWLV Grand Opening got show .

u think after 1 year
still pay high dividend?