© Provided by New Straits Times
KUALA LUMPUR: The days of supernormal profits by Top Glove Corp Bhd seem over.

Analysts attending Top Glove's first quarter results briefing late last week came out expecting huge earnings drop for the year ending August 31 2022 (FY22) and 2023.

They also downgraded the counter as its outlook remained challenging over the near term amid the decline of average selling price and rising competition from Chinese rubber glove manufacturers.

KUALA LUMPUR: The Asian Development Bank (ADB) has downgraded Malaysia's gross domestic product (GDP) growth forecast to 3.8 per cent from 4.7 per cent for 2021 and 5.9 per cent from 6.1 per cent next year.

GDP 5.9 per cent next yr. ... still good ?

For the last few days, it looks like got artificial klci closings ?

" With so many with unpaid loans, unemployed, expect bankruptcy rate to explode. "

Oredi got answer above for my query.

Thanks.

When loan moratarium ends, got bad debts later ?

Thanks for your precious enlightenment.

Got klci rebound ?

Mkt players oredi kena veri teruk.

Downgrade to SELL, TP: RM1.56.

Following our earnings revision, our TP on Top Glove is subsequently lowered to RM1.56, representing a PE multiple of 17.3x (at mean of its 5-year pre-pandemic average) on its CY22f EPS of 9.0 sen.

With that, we downgrade our rating on Top Glove to SELL.

Upside risks to our TP and rating includes (i) surge in Omicron cases triggering a spike in glove volumes, (ii) sharp decline in raw material prices, and (iii) substantial depreciation of the Ringgit against USD.


Source: Hong Leong Investment Bank Research - 13 Dec 2021

How to top up when the big fire keep on burning our top up moni ?

How mani are back to square one ?

Or how mani whose hard earn moni is in a big fire ?

JPM is TOO optimistic with their target price ?

Those who were in Supermax n taklat cut loss sure kena veri veri teruk !!!

With all the blessings from us here, she shall be protected from all harm .

Take vit. d, zinc n coq 10 before taking the vaccines ? to strengthen our bodies.

May she be blessed with good health now.

good to go means what ?

Supermax ... no longer a falling knife ?

or still a falling knife ?

Thong said investors also may exhibit a wait-and-see attitude ahead of the release of US inflation data that might influence Federal Reserve decision on when to roll back economic stimulus.

roll back economic stimulus ?

" The general mkt on KLSE was weak n scary.
Many mkt favorite stocks had fallen down n out edi. "

I also got fallen down n laid flat on the floor !!!

US mkts taklat takut interest hike lah ?

or a reversal trap, to attract us to go inside the trap ?

After we got gone in, then the reversal DOWN shall begin with our hard earn moni

trapped inside ?

" China is expected to give away more gloves for free. "

If like that above, then how can our glove makers do their business or

sell their gloves ?

I support.

Omicron is a good virus.

It causes no death but gives us a lot antibodies to fight against future infections.

Where got such thing as paper loss !!!

It is all our hard earn moni loss, U understand ah !!!

Also govt should give incentives for bringing in foreign moni ?

What ?

KLCI now turn to glove stocks index ? n drop below 1000 pt ?

How to recover our hard earn capital invested in glove stocks ?

Still got hope meh ?

KUALA LUMPUR (Nov 17): JP Morgan which has been bearish on the glove

sector since last year, has once again slashed its target price (TP) for

Top Glove Corp Bhd to RM1.50 — a 67.33% discount from its current price

of RM2.51 — while maintaining an “underweight” rating.

for me, no eyes see liao.

If crash, what to do ?

" BIG CRASH at afternoon... "

Are U sure ?

Thanks.

Thanks for your info.

The show oredi on !

Get in FASTER.

Mani people play stk mkt just to get some excitement out from the boredom caused by the MCO ?

Why U condemn us so bad ?

Still no show today lah ?

Korrect.

Now can just go in n play play for enjoyment !!!

The fun in this stock is oredi over ?

Can still main main for fun n entertainment meh ?

Just try a little bit n see how later ?

oredi hit rock bottom prices ?

collect slowli ?

Oredi hit rock bottom prices ?

Just add some lah.

Coming ?

Just wallop some n enjoy the show ?

Just hold on as long as the trend is up ?

Technical readings, ok or not ?

uptrend or downtrend ?

Just play some for some fast nasi lemak moni ?

I think price trend reversal not yet.

May be got to wait a little bit longer onli.

That who got small looses ... is a winner in this current mkt mode ?

Warrant expert ?