Over here we have lifted our nationwide CMCO in the midst of thousands of new cases daily
It is a tough call.
Economy dead more people will suffer.
Rescue the economy some people will suffer.
Collateral damage.
The choice is yours.

'Profits over people'
Should ask Trump for comment.
World's self proclaimed richest country with the best health care systems
Also the most Covid infections with the most deaths recorded in the world

Before Covid Top Glove already making good money. You cannot be the world's biggest manufacturer and not be profitable.
2020 arrived and all company records keep tumbling. It is still very much work-in-progress.
Enjoy the ride

We have the world's biggest glove manufacturer.
How about being patriotic and profitable at the same time

Last quarter Top Glove made their highest ever PAT which was also the highest for any KLCI listed company. An extraordinary feat indeed.
Yet the Boss hinted that coming quarters are even going to be BETTER!
And here we have JP Morgan saying Top Glove is worth RM3.50 per share.

Whither Genting Casino
Whither Malaysian Racing Association
Soon, whither Bursa

Buy low sell high is only for retailers.
And this maxim cannot be true since most retailers lose money
In theory it is perfect but not practical in real life as the retailer is only a passive passenger in price setting. The big funds are the drivers. And they can even short
Outstanding short on Top Glove is about 110 million shares.

If we fast forward to 2022, then it is easier to understand JP Morgan's $3.50
In 2022, TP will be $3.50
In 2022, covid 19 testing will drop a lot
In 2022, gloves supply will be higher than demand
In 2022, ASPs will drop

Any update on Top Glove's HK Listing

Only Big Funds can set price direction.
For the past several months prices have been going south.
Why so?
If they have a lot of cheap shares they will do the opposite
Forcing prices to go lower means they are not through with accumulation.

Retailers have no say where prices are heading.
Looking at daily Bursa transactions only the big funds can direct prices to move up or down.
Being mere passengers going for the ride we will be driven either north or south or to Holland.
Our individual smarts should be put to good use to ensure safe passage.

A cup half filled with water is either half empty or half full.
Both correct.
Whether we buy now sell higher later or we sell now buy lower later, both also correct. as long as it is profitable.

With supernormal profits only the glove stocks can pay hefty dividends.
Top Glove minimum 6% already.
Just move your investment around and pick up dividends along the way.
Additional bonus issue is aptly named BONUS.

JP Morgan becoming clairvoyant.
They give advance notice that next quarter Top Glove will give 1:1 bonus issue. Hence, the TP is half current price.

TPs are merely a guide, take with a pinch of salt

Those high TPs never become true. So too will those low TPs like JP Morgan's!

The show will go on....

On my right, the green corner of perpetual optimists, consoling themselves holding out for the elusive target prices. Syiok sendiri, if you like.
On my left, the red corner of naysayers, rooting for ever lower prices.

Who will win?

We welcome analysts that give high TPs
Naturally, we condemn those McQ and JP Morgan's analysts for posting the reverse.

Of what use is high TPs when they do not materialize? Even with substantial QRs and earnings growth.

Better to feel smug when current prices are twice that of JP Morgan's TP!

Bursa is the BEST Contrarian Exchange in the world
Most profitable company have their share prices down the past few months
Loss making companies can see their prices surge base on rumours
Even Warren Buffet dare not tread

Peak prices in early August. Since then prices trending down.
Meanwhile the Big 4 are earning more and more MOM with ASPs increasing every month by 5% or more. Orders are still oversold for the next 12-18 months.

Logical?

Glove shares are grossly undervalued here.
For comparison...
Mercator Medical is a Polish firm with operations in Thailand.
On 2 Jan 2020 it closed at 10.48 PLN (1 PLN = RM1.11)
Yesterday 3 Dec 2020 it closed at 471 PLN, about 45X higher
Mercator's market cap is about RM5 Billion, almost 4.5X smaller than Supermax

Supermax's closing price on 2 Jan 2020 was RM1.38 Yesterday's closing was RM8.70, after 1 for 1 bonus. It has risen only about 12.5X

Shouldn't Supermax earn more than Mercator during this covid pandemic?
What gives?