Morpheus61 Geary, very philosophical on the weekend ? :)
26/09/2020 12:29 PM

The middle Way...is the Key.

CoolBull "I feel sorry for Americans": a baffled world watches.
Extreme happiness will turn opposite into extreme suffering n vice versa. Extremely rich will turn into extreme poverty. Blessings need to be created from our own merit n virtue.

The universal Law of Cause n Effect...is fair to everybody in the universe or Cosmo. Not a single living organisms can run away from the truth. But the truth is often not spoken or half spoken. It never begins from the root...it begins from the fruits n flowers. That's why there are so many flowery words without the real truth into it.

THKS.

Buffett quote, "it's far better to buy a wonderful company at a fair price than a fair company at a wonderful price."
The Answer to the above statement is right here:

WealthSoWonderful TopGlove IPO price RM2.70 March 2001

2,000 units = RM5,400

Bonus issues:
2002 3:10 ==> 2,600 units
2003 2:5 ==> 3,640 units
2005 1:1 ==> 7,280 units
2007 2:5 ==> 10,192 units
2010 1:1 ==> 20,384 units
2016 1:1 ==> 40,768 units
2018 1:1 ==> 81,536 units
2020 2:1 ==> 244,608 units

Today 244,608 units x RM8.80/unit = RM2,152,550

From RM5,400 to RM2,152,550 in just 19 years

This is clear solid undoubtable undeniable evidence of the benefit you get from being a long term investor in TopGlove
26/09/2020 6:23 AM.

linheng Posted by geary > Sep 25, 2020 9:44 PM | Report Abuse
Yup...if ur knowledge is right on that specific counter... it's better than just few percentage of dividend/year...at least...@25% per year can be targeted.
Agree. Could be also due to different Fund managers at diff IBs rebalancing portfolio.
26/09/2020 4:46 AM

WOW so hard working...4.45am posting... I just slowly sipping my kopi-see...yup... probably they are contractual agreement...outside of EPF...extra money if they do well... beside another group specialised on long term investment for dividend, bonus, etc.

linheng My god. EPF also start to goreng. Buy and sell same day
25/09/2020 9:34 PM

Yup...if ur knowledge is right on that specific counter... it's better than just few percentage of dividend/year...at least...@25% per year can be targeted.

geary Becos Mr. YPheng is saying that it was 1 for 1 (1 becomes 2) rather than 2 for 1 (1 becomes 3, like for 2020)

Mr.Ypheng is correct. That's share split. Different from 2:1 bonus 2020.

Never mind lah...he already Kaya Raya.

RM 1.9 million after 20 years is correct.
25/09/2020 9:07 PM

#2020...#244,608 units is correct...as today price... RM 2.15 million. Only 2,000 units in 2001. Usually for normal investor they will buy at least 10,000 units...imagine now I think abive RM 10 million.

Others
TOP GLOVE CORPORATION BHD

EX-date

31/01/2005
Entitlement date 03/02/2005
Entitlement time 05:00:00 PM
Entitlement subject Others
Entitlement description: Subdivision of ordinary shares of RM1.00 each ("Shares") in Top Glove Corporation Berhad ("Top Glove" or the "Company") on the basis on two (2) new ordinary shares of RM0.50 each for every one (1) existing Share held in Top Glove ("Subdivision of Shares").
Period of interest payment to
Financial Year End
Share transfer book & register of members will be closed from
(both dates inclusive) for the purpose of determining the entitlements to
Registrar's name ,address, telephone no: Securities Services (Holdings) Sdn Bhd
Level 7, Menara Milenium
Jalan Damanlela, Pusat Bandar Damansara
Damansara Heights
50490 Kuala Lumpur
Tel : 03-2084 9000 Fax : 03-2094 9940
Payment date
a) Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers 03/02/2005
b) Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c) Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator Ratio
Ratio 2 : 1
Rights Issues/Offer Price

Remarks :
The above Subdivision of Shares has been approved by the shareholders of Top Glove at its Extraordinary General Meeting held on 11 January 2005.

The trading in the shares of Top Glove will be SUSPENDED WITH EFFECT FROM 9.00 a.m. on 27 January 2005 (being three (3) clear market days immediately before the entitlement date on 3 February 2005) until the quotation of the shares to be issued pursuant to the Subdivision of Shares ("Suspension Period"). Hence, the last date and time of trading will be 5.00 p.m. on 26 January 2005. The suspension of trading is to facilitate the recall and subdivision of shares.

Additionally, AmMerchant Bank Berhad, on behalf of Top Glove, wishes to refer to the announcement made by the Company dated 9 November 2004 in relation to the notice of books closure date for the final dividend of 6% tax exempt and 3% less 28% Malaysian income tax for the financial year ended 31 August 2004 ("Final Dividend") ("Dividend Announcement"). Pursuant to the Dividend Announcement, the Board of Directors of Top Glove has determined 18 February 2005 as the books closure date for dividend entitlement.

In relation thereto, investors who wish to acquire Top Glove's shares to be entitled to the Final Dividend should take into consideration the Suspension Period.

This announcement is dated 13 January 2005.

Announcement Info
Company Name TOP GLOVE CORPORATION BHD
Stock Name TOPGLOV
Date Announced 13 Jan 2005
Category Entitlements (Notice of Book Closure)
Reference No MM-050107-41616


Becos Mr. YPheng is saying that it was 1 for 1 (1 becomes 2) rather than 2 for 1 (1 becomes 3, like for 2020)

Mr.Ypheng is correct. That's share split. Different from 2:1 bonus 2020.

Never mind lah...he already Kaya Raya.

Next Friday...@10.88...Coming Very Soon

Yes...next week Perfect Prosperity 10.88.

(人 •͈ᴗ•͈)...That's shareholders Dreams...Hooray.

TOP GLOVE CORPORATION BHD
Particulars of substantial Securities Holder
Name EMPLOYEES PROVIDENT FUND BOARD
Address Tingkat 19, Bangunan KWSP,
Jalan Raja Laut,
Kuala Lumpur
50350 Wilayah Persekutuan
Malaysia.
Company No. EPF ACT 1991
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary Shares
Details of changes
No Date of change
No of securities
Type of Transaction Nature of Interest
1 22 Sep 2020
3,000,000
Acquired Direct Interest
Name of registered holder Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board
Address of registered holder Citigroup Nominees (Tempatan) Sdn Bhd Level 42, Menara Citibank 165, Jalan Ampang 50450, Kuala Lumpur
Description of "Others" Type of Transaction
2 22 Sep 2020
141,500
Disposed Direct Interest
Name of registered holder Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (CIMB PRI)
Address of registered holder Citigroup Nominees (Tempatan) Sdn Bhd Level 42, Menara Citibank 165, Jalan Ampang 50450, Kuala Lumpur
Description of "Others" Type of Transaction
3 22 Sep 2020
2,303,500
Disposed Direct Interest
Name of registered holder Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (ABERDEEN)
Address of registered holder Citigroup Nominees (Tempatan) Sdn Bhd Level 42, Menara Citibank 165, Jalan Ampang 50450, Kuala Lumpur
Description of "Others" Type of Transaction
4 22 Sep 2020
150,000
Acquired Direct Interest
Name of registered holder Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (ARIM)
Address of registered holder Citigroup Nominees (Tempatan) Sdn Bhd Level 42, Menara Citibank 165, Jalan Ampang 50450, Kuala Lumpur
Description of "Others" Type of Transaction
5 22 Sep 2020
65,700
Acquired Direct Interest
Name of registered holder Citigroup Nominees (Tempatan) Sdn Bhd - Emplys Prvnt FD BD (F.TEMISLAMIC) IC)
Address of registered holder Citigroup Nominees (Tempatan) Sdn Bhd Level 42, Menara Citibank 165, Jalan Ampang 50450, Kuala Lumpur
Description of "Others" Type of Transaction
6 22 Sep 2020
295,000
Acquired Direct Interest
Name of registered holder Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (TEMPLETON)
Address of registered holder Citigroup Nominees (Tempatan) Sdn Bhd Level 42, Menara Citibank 165, Jalan Ampang 50450, Kuala Lumpur
Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred Acquisition and disposal of shares
Nature of interest Direct Interest
Direct (units) 416,064,690
Direct (%) 5.117
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change 416,064,690
Date of notice 23 Sep 2020
Date notice received by Listed Issuer 25 Sep 2020.
The total number of 416,064,690 Ordinary Shares held.

JBond007 Wah...today close with Double Prosperity 8.8 (发.发 ).
25/09/2020 5:07 PM

Next Friday...@10.88...Coming Very Soon

Yes...next week Perfect Prosperity 10.88.

(人 •͈ᴗ•͈)

TOPGLOV]: TOP GLOVE CORP BHD
Sep 25, 2020 12:39 PM | Report Abuse

RiverOfSilver Waah so nice number aah...@8.88.
25/09/2020 12:34 PM

Q back babe glove Careplus...@2.99...cannot matched...So matched SPM...@8.29.

Sold SPM...@8.58...Hold Free Cash...#50%.

TopGlove...@10.88...Coming Soon...Next week...(｡◕‿◕｡)➜

KUALA LUMPUR (Sept 25): With rubber glove counters being the darling of investors, especially post Covid-19, the Employees Provident Fund (EPF), which is Malaysia’s largest pension fund, is also on a shopping spree for glove stocks.

Last week, the EPF re-emerged as a substantial shareholder of Top Glove Corp Bhd with a 5.05% stake on Sept 18 after acquiring 13.7 million shares in the world's largest rubber glove maker.

Subsequently, it bought more shares on Monday to bump up its shareholding to 5.1% or 414.999 million shares.

Since making its comeback as a substantial shareholder of Kossan Rubber Industries Bhd in June, the retirement fund has been consistently mopping up shares in this rubber glove company too. Within a four-month period, it has increased its shareholding to 8.09%, which means a net acquisition of a 3.08% stake or 39.38 million shares.

Elsewhere, the EPF has also emerged as a substantial shareholder of Singapore-listed Riverstone Holdings Ltd, following its acquisition of two million shares in the company valued at S$6.58 million (RM19.94 million) on Monday, according to a filing with Singapore's stock exchange.

Thus, the EPF now has a direct interest of 5.13% or 38.09 million shares in the Malaysia-based glove maker.

At the noon break today, Top Glove shares were 12 sen or 1.4% higher at RM8.67, valuing the counter at RM71.47 billion, making it the second largest on Bursa Malaysia by market capitalisation. Year to date (YTD), the counter has soared 452% from RM1.57.

Kossan shares grew 82 sen or 6.31% to RM13.82, giving it a market capitalisation of RM17.67 billion. The stock has jumped 232% YTD from RM4.16.

Riverstone shares, on the other hand, was one cent or 2.87% higher at S$3.59, valuing the counter at S$2.59 billion. YTD, the counter has surged 288% from 92.5 cents.

HOLD.

gloveisdiamond Yes very obvious that Supermax is still pressing by someone. All green how come only it become red only? For TG, Tan Sri already mentioned by this month so still have 3 days so u all

Possibility is by next week...@9.88...Coming Very Soon.

RiverOfSilver 2022 TP 36.88
25/09/2020 12:36 PM

That's great...then bonus issue...2:1 again.

RiverOfSilver Waah so nice number aah
25/09/2020 12:34 PM

Q back babe glove Careplus...@2.99...cannot matched...So matched SPM...@8.29.

Now...Profit taking... because morning shot up...I also sold my Careplus...@3.30. Holding 50% free cash... political n policies uncertainties.
25/09/2020 12:02 PM

Today quite probably rebound back to...@8.88.

Makeabuck @apple1999 Got alot of gamblers here also...dont get offended...we all same boat to the top
25/09/2020 12:20 PM

This is Mr. Market talking...nobody can decide the market value...just walk beside him n take advantage from him. Do your homework before u can take advantage from him...(｡◕‿◕｡)➜

Goldgent Seems like today bargain sales happy hour just ended.
25/09/2020 12:11 PM

Sometimes u need to earn some pocket money...beside holding one or two wonderful companies... holding free cash is the...Key.

PureBULL ... this is intra day PROFIT.TAKING.
if u need to enter, these r the low end levels:
TG ................ 848
SPM ............... 828
K+ ................ 308
25/09/2020 12:04 PM

Street Smart... Bought already SPM...@8.29.

TigerWoods BUY !!!... this is truly last call before shoot up to all those TP by banks
24/09/2020 9:05 PM

Reasonable forward price range... Coming Soon.
PE 25-RM28.0 & RM16.50.

Listing in HKEX Very Soon. Plus Fortune 500 Coming Soon.

TopGlove Market Cap :
#8,180B X @9.88 = RM 80, 818 Billion.

Buffett, "The difference between successful people and really successful people is that really successful people say no to almost everything."

@9.88...Coming Very, Very Soon...(｡◕‿◕｡)➜
24/09/2020 8:37 PM.

Changes in Director's Interest (Section 219 of CA 2016)
TOP GLOVE CORPORATION BHD
Information Compiled By KLSE

Particulars of Director
Name MR LIM CHEONG GUAN
Descriptions(Class) Ordinary Shares
Details of changes
No
Date of change
No of securities
Type of transaction
Nature of Interest
1
24/09/2020
300,000
Others
Direct Interest
Name of registered holder CGS-CIMB Nominees (Tempatan) Sdn Bhd Pledged Securities Account for Lim Cheong Guan (S Alam-CL)
Description of "Others" Type of Transaction ESOS Subscription
Consideration (if any) RM1.63 Per Share

Circumstances by reason of which change has occurred Allotment of 300,000 shares via exercise of ESOS Options.
Nature of interest Direct Interest
Total no of securities after change
Direct (units) 857,800
Direct (%) 0.011
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice 24/09/2020
Date notice received by Listed Issuer 24/09/2020


Remarks :
Balance of shares:
Direct Interest: 857,800; #ESOS Options: 460,200
Note: # Balance of ESOS Options granted but yet to be exercised

This announcement also serves as announcement pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements for dealing in listed securities outside closed period. The number of shares and percentage of the total issued shares of Top Glove Corporation Bhd involved is 300,000 (0.0037%).

This announcement is dated 24 September 2020.

Smart transactions.

Again Hartalega and Top Glove propped up the KLCI.

KUALA LUMPUR: Buying of Hartalega and Top Glove helped the key FBM KLCI to close at the key 1,500 level amid a cautious broader market on concerns about rising Covid-19 coronavirus cases, the lack of a conclusive vaccine and political uncertainties.

TigerWoods And also the whole world need our gloves. Whole market drop except KLCI haha
24/09/2020 5:20 PM

That's call Market Directions...The Only Key...◉‿◉

Sea of Red from NYC to LHR...Bursa Green...Glove Malaysia Boleh.

KUALA LUMPUR (Sept 24):
Top Glove Corp Bhd's share price pared gains after rising as much as 54 sen or 6.73% to RM8.56 today against a confluence of factors including the rising number of global Covid-19 cases and after the company brought forward its dividend ex and payment dates.

Investors could have also taken cue from Top Glove's announcement that the Employees Provident Fund (EPF) had emerged as a substantial shareholder of the world's largest glove maker by output volume.

kyliew today closing 8.88, tomorrow 9.88
24/09/2020 3:33 PM

U r probably right...@9.88...Friday...Sept 25...after 8 days of FYI 2020 report.
24/09/2020 3:48 PM

Coming Soon...Please Hold tight...don't let go...like your beloved babe.

HONG KONG: Hong Kong's financial markets watchdog said on Thursday that about 20% of the market manipulation schemes it is currently investigating are so-called "ramp and dump scams" conducted via social media.

The targets of such scams are local retail investors who account for roughly 10% of Hong Kong-listed shares' trading value, according to exchange data, a relatively high proportion compared to other markets.

Many small cap stocks in Hong Kong are little traded and prone to wild price swings and sudden crashes. The Securities and Futures Commission (SFC), has, in recent years, tried to take a more active role in policing the market.

In the 12 months to end March 2020 it investigated 478 cases of market misconduct, mostly alleged market manipulation or insider dealing.

In a ramp and dump scheme, fraudsters typically purchase a significant portion of shares in a small company with low liquidity, driving up the price.

They then use social media platforms like Facebook, WhatsApp and WeChat to spread favourable, normally false news about the company, sometimes posing as investment experts, drawing more buyers in and allowing the fraudsters to offload their shares.

Remaining shares are then dumped, causing the price to collapse.

"To avoid falling victim to these scams, the public must be vigilant when offered unsolicited investment advice or tips on social media," SFC chief executive Ashley Alderin said in a statement. - Reuters

Maybank market cap slips below RM80 billion.

Stockisnotfun What price topglove can take over Maybank?
24/09/2020 12:28 PM

At present market cap...@9.88...Topglove...No. 1...Coming Soon.
24/09/2020 2:00 PM

Makeabuck very nice surge today...happy day!!! hahaha...
24/09/2020 11:34 AM

@8.68...Coming Soon...◉‿◉

Stockisnotfun Tan Sri said by the end of this month will surpass maybank? Can or not?
24/09/2020 10:43 AM

Market sentiments or directions in Bursa looking Good...high probability...@10.28...Coming Soon.

Want2Win ki ki ki

9.20 coming soon!!!
24/09/2020 10:42 AM

Coming Soon...@9.28.

Hold 20 years this is much better;

Stock: [TOPGLOV]: TOP GLOVE CORP BHD

Sep 22, 2020 8:52 PM | Report Abuse

yttihs TG IPO price RM2.70 Mar 2001
Buy 2,000 units = RM5,400
Bonus issue:
2002 3:10 2600
2003 2:5 3640
2005 2:1 10920
2007 2:5 15288
2010 1:1 30576
2016 1:1 61152
2018 1:1 122304
2020 2:1 366912

366912 units X RM8.00 = RM2,935,296
In short, RM5,400 become RM2.9million
21/09/2020 7:20 PM

TopGlove...Now Showing... RM 8.02...Coming Soon...RM 19.60.
23/09/2020 8:13 PM

Morpheus61 Anyone get this calculation ?

Consensus estimated earnings per Share for forward FY21E RM 0.98

Consensus of the 'Analysts'. We should be happy to see the share price at todays PE of 34.24?
RM 33+
23/09/2020 7:34 PM

What...@0.98...then at today market value...RM 8.02/0.98 = PE...8.18...Faster Buy n Hold.
23/09/2020 7:57 PM

PE...20X...must be reasonable...then...@0.98 X 20 = RM 19.60.
23/09/2020 8:05 PM.

TopGlove...Now Showing... RM 8.02...Coming Soon...RM 19.60.

TopGlove...Fair Market Cap...@<8.68...(｡◕‿◕｡)➜

Immediate Announcement on Shares Buy Back
TOP GLOVE CORPORATION BHD

Date of buy back 23 Sep 2020
Description of shares purchased Ordinary Shares
Currency Malaysian Ringgit (MYR)
Total number of shares purchased (units) 3,280,500
Minimum price paid for each share purchased ($$) 7.920
Maximum price paid for each share purchased ($$) 8.010
Total consideration paid ($$) 26,226,737.53
Number of shares purchased retained in treasury (units) 3,280,500
Number of shares purchased which are proposed to be cancelled (units) 0
Cumulative net outstanding treasury shares as at to-date (units) 49,859,100
Adjusted issued capital after cancellation
(no. of shares) (units) 8,180,679,004
Total number of shares purchased and/or held as treasury shares against total number of issued shares of the listed issuer (%) 0.60947

Makeabuck 9m shares that is RM72m waiting...someone is protecting the share price at RM8...if it gets lower you better buy all you can...its matter of time for this to fly...maybe some announcement or something...u dunno but im excited hahaha...
23/09/2020 4:46 PM

Consolidating at..above...#8.00...few days already... it's a matter of time...it will rebound strongly. SBB again.

RiverOfSilver Aah I believe our geary is already holding several small gloves at least

Right geary?
22/09/2020 10:18 PM

Shss...time to sleep.

MickeyLimitUp Long time no see TG up $1 per day..... Can we have the show tomorrow... hmmm read my name.... See u at the Top.
22/09/2020 10:01 PM

Okay lah... tomorrow afternoon...@8.88.

RiverOfSilver So TCG has sold 380 big lots of TopGlove at around RM8. That means he's getting a bit over RM3 mil of cash.

So if he then buys some small gloves & they subsequently go limit up when TopGlove rises 15%, he makes 900k gain. Compared to only 450k if he just kept all that in TopGlove.

Just a very simple example.

So, doesn't have to be anything sinister at all, guys.
22/09/2020 9:23 PM

U name must be RiverOfGold...o:-)

yttihs TG IPO price RM2.70 Mar 2001
Buy 2,000 units = RM5,400
Bonus issue:
2002 3:10 2600
2003 2:5 3640
2005 2:1 10920
2007 2:5 15288
2010 1:1 30576
2016 1:1 61152
2018 1:1 122304
2020 2:1 366912

366912 units X RM8.00 = RM2,935,296
In short, RM5,400 become RM2.9million
21/09/2020 7:20 PM
22/09/2020 8:39 PM

KYY is intelligent...but he isn't a value growth Investor. Value growth investing strategy...u can see stated above...Only RM 5,400/ 2,000 shares Only...Now market value growth become...RM 2.9 millions.
How about if...Uncle KYY invested million in 2001.

witan Haiyo director sell so little of his own shares also cannot meh? Maybe he wants to buy car while still got sst discount leh? Such a small news also bising alamak
22/09/2020 8:27 PM

Sold a bit nothing wrong...then he kept for so long... enjoy a bit of his golden years...talk 3 talk 4 for what.

Important points are these...see the numbers:
Only 2K shares/RM 5,400...2001...Today maybe...RM 8,400...2020...Now the market value:


yttihs TG IPO price RM2.70 Mar 2001
Buy 2,000 units = RM5,400
Bonus issue:
2002 3:10 2600
2003 2:5 3640
2005 2:1 10920
2007 2:5 15288
2010 1:1 30576
2016 1:1 61152
2018 1:1 122304
2020 2:1 366912

366912 units X RM8.00 = RM2,935,296
In short, RM5,400 become RM2.9million
21/09/2020 7:20 PM

JustAPasserby Haha @geary. I'm just someone that learning how to apply the thing i learnt from university.

Some people call SBB is stock manipulation. Very subjective and up to interpretation. Can be misused and can be true capital management also.

But for me, you know what is manipulation. Manipulation is some well know sifus/experience investors come out with ridiculous high price target to lure financially illiterate investor to buy, but they themselves slowly take profit.

Then once they sold all their holding, they will write some funny argument to act against their previous sky-high price target and push the price down, slowly accumulate again. Then the said sifus come out with good article again, sky is blue again etc. They keep on repeat the cycles over and over again.

Even if TG "so-called"' manipulating the stock price, at least they announce it at Bursa (for transparency) and legally as per Malaysia/global rules. At least their intention is for good purpose to support stock price and reward loyal true investors. At least Tan Sri Lim is telling those sharks, stop making the 2nd largest market capitalization stock behaving like a penny stock.

I really hope those uncles and aunties will slowly improve their financial literacy and dont follow people blindly.
22/09/2020 6:50 PM

Good u are still very young n knowledgeable... keep on learning... hopefully u start to invest young if u can.

Immediate Announcement on Shares Buy Back
TOP GLOVE CORPORATION BHD

Date of buy back 22 Sep 2020
Description of shares purchased Ordinary Shares
Currency Malaysian Ringgit (MYR)
Total number of shares purchased (units) 2,356,800
Minimum price paid for each share purchased ($$) 7.980
Maximum price paid for each share purchased ($$) 8.000
Total consideration paid ($$) 18,850,731.96
Number of shares purchased retained in treasury (units) 2,356,800
Number of shares purchased which are proposed to be cancelled (units) 0
Cumulative net outstanding treasury shares as at to-date (units) 46,578,600
Adjusted issued capital after cancellation
(no. of shares) (units) 8,177,785,304
Total number of shares purchased and/or held as treasury shares against total number of issued shares of the listed issuer (%) 0.56957



Announcement Info
Company Name TOP GLOVE CORPORATION BHD
Stock Name TOPGLOV
Date Announced 22 Sep 2020
Category Immediate Announcement on Shares Buy Back
Reference Number SB1-21092020-00015

TigerWoods Nice GREEN... today up 3c... tomorrow up another 2-3c. slow and steady i like it
22/09/2020 6:24 PM

Yup...;-)

Boringguy i think LWC want slap this director liao.... during this time sell off his share where company use company company perform SBB... hahaha
22/09/2020 6:25 PM

One person Sold little bit for his own commitment...nothing wrong.

JustAPasserby To show you all how good a share buyback ("SBB") is in monetary perspective (vs dividend), below are the calculation. In Malaysia rules, a company can maximum buyback 10% of share. Lets us look at the maximum scenario.

In term of price target, 17 out of 22 analysts have a buy call on Top Glove. The price target ranging between MYR9.50-16.20.

Lowest Price target = MYR9.50
Consensus EPS for 2021 = 0.96 cent (PAT = 0.96 x 8100 = 7,776bn)
Derived Forward PE = 9.50/0.96 = ~10 times

Max number of SBB = 8100mil shares x 10% = 810mil shares
Post SBB no. of shares = 8100mil - 810mil = 7,290 shares

Post-SBB derived EPS = PAT 7,776bn / 7,209 shares = 1.067
Post-SBB derived share price = EPS 1.067 x PE 10 = 10.67

SBB at MYR8, after SBB derived share price increase to MYR10.67 (if PE maintained at 10). An increment of MYR 2.67.

Compared to dividend:
Amount estimated for max SBB (810mil shares @ MYR8)= MYR6.4bn
(MYR 6.4bn if give out as dividend = 79 cent per share). Your TG price will also adjusted downward by 0.79sen post dividend.


So is 2.67 vs 0.79, with the same 6.4bn cash outlay.
Your choice. SBB for better long term EPS, or run with 0.79 dividend now.


Of course the above calculation is based on majority of buy call analyst view with higher price target. You all can use back the same calculation method if you all want to try price target of MYR25-33, just for the fun of it.
22/09/2020 6:21 PM

I think u are an Auditor...on going ACCA.

Investar2862 TOPGLOVE's management do not need such advise as they are highly competent to run their business successful with proven track records.

KYY only thinking about his own speculative trading (hit & run trader) is not qualified to give investment strategy).

Yup...}:‑)... Below are facts n figures:

TG IPO price RM2.70 Mar 2001
Buy 2,000 units = RM5,400
Bonus issue:
2002 3:10 2600
2003 2:5 3640
2005 2:1 10920
2007 2:5 15288
2010 1:1 30576
2016 1:1 61152
2018 1:1 122304
2020 2:1 366912

366912 units X RM8.00 = RM2,935,296
In short, RM5,400 become RM2.9million
21/09/2020 7:20 PM.

All the above mentioned not important,

Most Important fundamental is below:

yttihs TG IPO price RM2.70 Mar 2001
Buy 2,000 units = RM5,400
Bonus issue:
2002 3:10 2600
2003 2:5 3640
2005 2:1 10920
2007 2:5 15288
2010 1:1 30576
2016 1:1 61152
2018 1:1 122304
2020 2:1 366912

366912 units X RM8.00 = RM2,935,296
In short, RM5,400 become RM2.9million
21/09/2020 7:20 PM.

PZOGRO WHOLE WORLD MARKET TUMBLED BUT FBMKLCI UP BECAUSE 2ND WAVE COVID19 COMING .....HO HO HO...GLOVES UP UP UP ON THE WAY!
22/09/2020 10:36 AM

Yup. Covid19 Pandemic...Bursa Bull...:-)

yttihs @geary Tan Sri will find ways to reward their shareholders. That's 1 thing I like about TG, be it, bonus issue, 50% dividend policy, or SBB.

By doing SBB, it will reduce the number of outstanding share in the market and hence, rising the Dividend per Share (DPS).

Given the expected PAT to be 10 billion for FY2021, 50% dividend policy and NOSH to be 8.13 billion, DPS is (10b*50%)/8.13b = 0.615.

With 10% SBB, NOSH will be reduced to 8.13b*0.9 = 7.317b. Hence, DPS will be increased to (10b*50%)/7.317 = 0.683.

Let say you own 1,000 shares, the dividend for 2021 is expected to be RM683 instead of RM615.

Another way, Tan Sri is trying to reward investors.
21/09/2020 7:37 PM

Yup...thanks...hope all shareholders here understand.

hahalolwtf What is the purpose for the company to buy back its own shares?

1 The purpose can be to support the share price.

2 The purpose can be to CREATE AN IMPRESSION that the share price is undervalued.

3 The purpose is to encourage shareholders to keep their holdings and not to sell to depress the share price.

Why would a 'top' company resort to such deception and manipulation if their share price is undervalued? Don't be fooled.
21/09/2020 7:30 PM

All the above not important.

Important news is this:

yttihs TG IPO price RM2.70 Mar 2001
Buy 2,000 units = RM5,400
Bonus issue:
2002 3:10 2600
2003 2:5 3640
2005 2:1 10920
2007 2:5 15288
2010 1:1 30576
2016 1:1 61152
2018 1:1 122304
2020 2:1 366912

366912 units X RM8.00 = RM2,935,296
In short, RM5,400 become RM2.9million
21/09/2020 7:20 PM