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

yttihs @geary it was in their report lar...i put it into number so that people can see it more clearly
21/09/2020 7:26 PM

Certified N Proved... Value/Dividend Growth Investing.

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

Wow...u really calculated all that...no time for that leh.

Number of shares purchased which are proposed to be cancelled (units) 0
Cumulative net outstanding treasury shares as at to-date (units) 44,221,800
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 (%) 0.54076

Makeabuck Application was 10% of paid up is rm167m...another rm67m to buy back?

Guys correct me if im wrong
21/09/2020 7:11 PM

Wrong...Read the above paragraphs...Understand.

The Board of Directors of Top Glove wishes to announce that the Company intends to seek its shareholders' approval for the renewal of shareholders' mandate to purchase its own shares up to ten percent (10%) of its issued and paid-up capital at the forthcoming Twenty Second Annual General Meeting ("AGM").

Total number of shares purchased and/or held as treasury shares against total number of issued shares of the listed issuer (%) 0.54076

Still have lot of buyback...B-)
21/09/2020 6:55 PM

Fair Value...@8.00-@10.66...!!!

Immediate Announcement on Shares Buy Back
TOP GLOVE CORPORATION BHD

Date of buy back 21 Sep 2020
Description of shares purchased Ordinary Shares
Currency Malaysian Ringgit (MYR)
Total number of shares purchased (units) 12,495,000
Minimum price paid for each share purchased ($$) 7.850
Maximum price paid for each share purchased ($$) 8.000
Total consideration paid ($$) 99,758,586.00
Number of shares purchased retained in treasury (units) 12,495,000
Number of shares purchased which are proposed to be cancelled (units) 0
Cumulative net outstanding treasury shares as at to-date (units) 44,221,800
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 (%) 0.54076

Announcement Info
Company Name TOP GLOVE CORPORATION BHD
Stock Name TOPGLOV
Date Announced 21 Sep 2020
Category Immediate Announcement on Shares Buy Back
Reference Number SB1-11092020-00026

That's why I bought some at...@7.82...:-)

geary 817065 Topglove has at least RM 3 billions available to spend and buy.....who dare to sell?
21/09/2020 5:22 PM

#1.2 B...in Cash & Equivalent...#1.6B in current securities...plus Retained earnings...#3.2B...in retained earnings...plus another few billions of free cash next 4 Quarters...I wonder why...some are so ignorant about it.
21/09/2020 5:39 PM

#2021, Mar... Special dividend...SEP bonus issue 1:1.

Morpheus61 Great job guys. Please check if all those IB guys have been thrown out yet ?
21/09/2020 5:09 PM

Some great white sharks eaten by killer whales...liver missing...many run into hiding...ಠ︵ಠ

JBond007 Full time 8.00 (发).
21/09/2020 4:54 PM

I want to Contra sell also can already...but today never use margin.

geary geary Added...@7.82.
21/09/2020 4:41 PM

Talk 3 talk 4...also lose money.
21/09/2020 4:44 PM

Added... Supermax also...@7.18.

Low all fear never buy...Up then rushing to buy...FOMO...Of course so many lost money.
21/09/2020 4:47 PM

That's why said before glove killer whales anytime can kill those great white sharks...n eat their guts.

Frank Tan if topglove RM8 PE34 till next QR another 1.3B,what is the PE?
21/09/2020 4:49 PM

U assume gonna be 1.3B...then just buy at this Price...then magic will happen...that is why many don't take calculated risks...how to win money.

ThePowerOfGlove @Agjl

I like latest UOB-KayHian TP

12.30 sounds cool
20/09/2020 6:39 PM

January 2021...TP.

jasonred79 Oh that rumor i gave the other day about glove stockpile? seems that euro covid surge cleared out the stock. all sold out.
20/09/2020 5:25 PM

All sold out...u don't believe...u go every warehouse in Malaysia glove manufacturers...then u will know...so sometimes u need to see live shows.

geary Primeinvestor Just ignore hahawtflol, he just created his account to bash gloves so that he can buy cheap
20/09/2020 5:03 PM

Yup we knew it... don't let him buy...let him buy his beloved Maybank.
20/09/2020 5:08 PM

Low price is no more...SEP 10...was the lowest...@6.15...No more chance...those who did not took the chance during such a @35%...Volatility...price swing...will have to buy higher.

hahalolwtf If gloves go down and you think you are buying on dip, it will dip even further later. The bottom is very very far away

Safest just dont buy glove at all
20/09/2020 5:04 PM

Buy n forget about it...RM 5,400...after 20 years...RM 1.9 million.

People in England who refuse to self-isolate when required to do so will face fines of up to £10,000 under an emergency “carrot and stick” plan to control the second wave of Covid-19 sweeping the country.

With infections rising at rates last seen before the full lockdown in March, around four million people on low incomes and in receipt of benefits, who cannot work from home, will also be given special “stay home” payments of £500 to compensate for lost earnings over their two-week isolation periods.

hahalolwtf.Vietnam all good to go! Other countries will follow suit. Glove game no more
20/09/2020 4:56 PM

Donald Trump said he expected a coronavirus vaccine to be available for every American by April, a more optimistic forecast than many US government scientists, just hours after the federal public health agency reversed testing guidance imposed by the president’s allies.

Mr Trump and his allies have repeatedly clashed with public health officials over how to tackle coronavirus, and on Friday the president insisted that he often knows more about such issues than experts such as Robert Redfield, director of the Centers for Disease Control and Prevention.

While he agreed with Dr Redfield’s assessment that a vaccine will be widely available some time between April and September, he told a White House press conference he also thought it could be much earlier than that. FYI.

Hush77 I think glove company share price already factor in whatever good news..
Now at the high point, IB will just continue to sell and downgrade and it will drop the most once vaccine come out in oct or nov 2020..according to trump..
20/09/2020 4:37 PM

hahalolwtf There have been a few other pandemics before this and each time glove share price also shoot up because they were 'fundamentally strong during pandemic'.

This is nothing new but glove share price always end up falling in the end. Why do you think glove companies were not top 5 largest just before covid? Because glove companies are cyclical in nature.

If you hold it long and after the glove season, I can guarantee you will lose even your pants
20/09/2020 4:28 PM

Very good...your Maybank sustainable business... but only...@20% per annum...maybe less... #Topglov...very, very cyclical...but rate of return...@1,750% per annum.

Lucky I bought TopGlove.

hahalolwtf Tan Sri thinks his company worth more than Maybank?

Maybank every quarter >RM1bil net profits for the last 10 years. Maybank gave more than 6% dividend returns for every year for the last 10 years. Maybank never used share buybacks to sustain share price.

PUI! What is topglove?
20/09/2020 4:22 PM

Faster run faster n buy your Maybank...now only...@7.21...cheaper than Topglov...n below its NTA...@7.31...buy your beloved bank.

hahalolwtf If China can set up a big hospital in weeks to treat covid patients then for them to start Vietnam glove factory is too simple. They are the world's experts in manufacturing. Easily by year end they can produce the 40 bn gloves. Matching half of topgloves! Imagine just how easily they can flood the industry
20/09/2020 4:17 PM

Probably it takes...#8 years to produce 40B of gloves.

hahalolwtf All these people say buy up when IB sell. You think they really have the money to sustain the price? Dont be fooled
20/09/2020 4:17 PM

U buy Maybank or not...not bad lah...#20% return per annum. Faster go n buy.

investmalysia Someone said want privatize topglove at 80billion. LMAO. 1% also don’t know he/she got or not
20/09/2020 4:13 PM

Boss aiming for Fortune 500...did u buy or not...so much fake news.

SK1008 I believe the sell downs of Topglov and Supermx masterminded by the IBs is most likely towards the end. They should have bought back the battered stocks at the opportune time as a hedge against subsequent rise of their Call Warrants outstanding.
It is also to their interests to see that both stocks climb higher for them to use the higher margins to mitigate the losses with the old Call Warrants.
20/09/2020 4:08 PM

Yup...now their Risk management team...also never expect...Covid19 Pandemic keep on going...n glove counters market value keep on going up n up...so now they must analyse clearly. They are smart people n very cunning also. If not why they like to issue derivatives, lot of money involved.

As Buffett say, "derivatives are weapons of mass destruction." Why he said that...u analyse lah.

hahalolwtf Tan Sri thinks his company worth more than Maybank?

Maybank every quarter >RM1bil net profits for the last 10 years. Maybank gave more than 6% dividend returns for every year for the last 10 years. Maybank never used share buybacks to sustain share price.

PUI! What is topglove?
20/09/2020 3:43 PM

Make it #20 years lah...#6% per annum...aiyoo...yoo...bonus issue every 8 years...okay lah maybe rate of return...@20% per annum.

TopGlove is...#1,750% per annum...Ask u choose...lah.

Axe888 if IB sell at bargain price sure got the buyer. Even Tan Sri will also buy back. Lets enjoy and watch how far IB can cope with their losses by continue press down.
20/09/2020 3:48 PM

Yup...I think boss still can take out 10% to buyback... around RM 220million.

jasonred79 unless TG diversifies into other fields other than just gloves, it's going to be hard for them to grow. Like, Genting for instance, having just 1 casino on top of a mountain didn't give much room to grow. So, they expanded into other areas.
...
Right now, property prices are quite cheap, I expect that if TG took their 11b windfall profits and made some solid ventures into property development, they could indeed make some really solid growth!
20/09/2020 3:45 PM

Did you check their current assets of securities held...RM 1.6 billions. I think boss also bought other companies shares.

Makeabuck That is if ur ep is above 7.50
20/09/2020 3:34 PM

Fundamental analysis...aren't just numbers...look into those big whales holding n buying...plus those insiders holding n buying... roughly what are those average prices they bought. Insiders are running their business day in n out. Watch their every movements n what they have to say. Maybe you can go n find out from their employees, how many will hold their ESOS long term. What are the percentage.

Makeabuck Now that we know there will be selldown the strategy is different for me...sell a small portion at 20% gain from ep and buy in when there is sell down...capitalize on it...if its not 20% return capital gain i would not think its worth it...but its good to hold some access cash to buy when hits sub 7...what ya think?
20/09/2020 3:32 PM

Yup...we never know...but looking at those derivatives we cannot really know, what are their hedging strategy...but next year definitely will price higher. Crisis nobody can predict...what type of crisis. So all those noises are just distraction...focus on your FA n understand what products u invest. Plus who is your boss. All those FA, very, very important for long term.

jasonred79 Eh I'm not comfortable buying in above RM8. but below RM3, I would buy in for sure!

FY2020 n FY2021...two different valuation. Unless financial crisis...u can get cheaper price...but during...Mar this year... TopGlove didn't drop much...in fact shoot up around...#6.00.

jasonred79 @geary, so, if I want to buy and keep in 30 years, what should be my entry level? as i said, i think RM5 would be a decent entry level price.
... Ah, in october a bunch of warrants mature and their exercise price is around RM2. c66 =RM1.50, c67= 1.67,c68=2.07.
If those crazy IBs push TG below RM3, I definitely agree with you, it's pretty much a no brainer to just buy everything you can get and hold it like crazy!

Oh not just the IBs... we can buy from that TPrm2 guy as well.
20/09/2020 3:12 PM

At present valuation...Buy on stages like me...@<9.00-7.00...buy lesser... below...@7.00...can buy more...But do remember to sell some to hold free cash... volatility isn't risk...if u know your games n strategy. Good luck.
20/09/2020 3:18 PM

Be focus...invest only in earnings growth, dividend, bonus, where boss take care of shareholders. Earnings growth must be at least average 10 years above >#18%...ROE...>#12%. So it's not easy to find in Bursa. Focus Value Growth/Dividend Investing.

geary jasonred79 @morpheus61, keep for how long?
20/09/2020 2:45 PM

#30 years... Untill TopGlove is 60 years old... Retirement age. Probably your capital value down...@75% in #30 yrs...but your rate of return is...#1750% per annum.
20/09/2020 2:56 PM

Tan Sri Lim Wee Chai...now is 62 years old...So by 25/30 years he already retired. 100%...HOLD.

Morpheus61 jasonred, no need to estimate. Just tell the IB's we don't want their TP assessment. We Want their shares. Sell more. We buy more and we keep.
20/09/2020 2:42 PM

Yup.

loong66 My nephew friend went back home last week in Taiping and found a statement that his Dad had 2000 TG shares from Mar 2001 IP0. After check with remisier , shares still valid. Guess how much now worth?
After 1 split and 7 bonus issue, 2000 shares now amount to 244, 608 shares. At 17/9 closing price of 7.79 , now worth rm 1,905, 496 . Awesome!!!
19/09/2020 4:45 PM

Just follow this guy father...Bought only 2,000 shares at IPO price of... RM 2.70/RM 5,400...Mar 2001...kept inside his locker... forgot about...his son asked him then he realised. Now market value... RM 1.9 millions... That's dividend/value growth investing.