cchcch Tmr, TG will rise again. Fast like wind. Up up TG..
17/09/2020 7:15 PM

Technical rebound high possiblity...this is human nature... Market trends overall weak...Today...more sellers for profit...n force selling last hour... especially those on contra n margin. Hold.

Regional n Asian markets mostly all...Red.

https://www.klsescreener.com/v2/news/view/728903

Tan Sri Lim Wee Chai
PETALING JAYA: The world’s largest glove manufacturer, Top Glove Corp Bhd is targeting for a listing on the Hong Kong stock exchange by next year.

Its chairman Tan Sri Lim Wee Chai said that the group is currently talking to bankers for the potential initial public offering (IPO) of Top Glove for the third time after Bursa Malaysia and Singapore.

“It's only a plan and we are talking to the bankers to see which is the most suitable method to go for listing in Hong Kong,” he told reporters after Top Glove’s result briefing on Thursday.

Lim pointed out that the listing in Hong Kong is to expand the company presence and be more visible to the global market.

“We always dream big, do big and achieve big. That is a bigger market and we always look for higher value add in a bigger market.

“Hong Kong stock exchange is 10 times bigger than Malaysia or Singapore. It is a bigger market and we always look for higher value add in a bigger market,” he said.

Top Glove is currently the second most valuable stock on Bursa Malaysia after Malayan Banking Bhd (Maybank).

All Regional n Asian markets are RED.

SGX Listed Stock
TOP GLOVE CORPORATION BHD (SGX:BVA)

SGD 2.700
-0.300 / -10.00%Share Price as of: 2020-09-17 16:09Market / ISIN Code: SGX Mainboard / MYL7113OO003GICS® Sector / Industry Group / Industry: Health Care / Health Care Equipment & Services / Healthcare Equipment and Supplies

SGX... Sama Sama Goreng.

stocktrade101 making tons of money and ppl don't like it and choose to run! silly.
17/09/2020 4:08 PM

Malaysia Boleh lah...lot of gamblers... Sometimes must follow market trends in Bursa lah.

joesephlim Haha profit taking only!!
Will look to accumulate more once it stays above 8.03.
17/09/2020 4:06 PM

All goreng kakis a lot... Added...@8.05.

Invest1688 The day haven’t finish yet, still have 6.5 hours to go

Wait you see
17/09/2020 10:34 AM

Patience...those on contra... kanchong already...later I go order ayam penyet...shiok shiok lunch...waiting for superb quarter report.

geary Makeabuck Have Tg ever limit up before? Cant remember
16/09/2020 10:28 PM

Maybe tomorrow...but only for few minutes...Q below the limit up price...lot of profit takers when...Limit Up.
16/09/2020 10:36 PM.

AM shoot up...n break previous resistance... become...@9.78.

moneycashrich uncle sold already.........no more support except bad news.........to drop.......and buy again.....do not tell people to invest........tell them to trade like uncle.....already sold and talk air.
16/09/2020 8:09 PM

Why u care he sold or still holding. Last Friday did u saw the volume in a single day...!!!

Power Gain If tomorrow price up , will earn . If price down , will grab at cheaper price . So no matter how , Glove counters will make me earn more and more money . Is just as thatsimple
TQ glove counters ..I already make so many round of profit …..and more to come .
16/09/2020 8:01 PM

Yup...high u buy less...low u buy more...too high or too hot u sell some...to reduce your cost or increase your Margin of Safety. But what is low...what is high...n what is too hot...u got to see it yourself. Different business have different valuation variables n ratios. So keep in learning.

Alamak...then...@12.88...Friday

Market capitalization...@105 Billion.

pang72 Everyone sialang top glove?

Haha...

Don't like that la...
16/09/2020 7:42 PM

Alamak...then...@12.88...Friday.

Stockisnotfun What do you mean? Time to sailang haha?
16/09/2020 7:36 PM

Sailang was past few days...On Weakness...margin also can.

GorengBilis SGX TOPGLOVE Do the Best today !! my SG friend keep all in they believe can go SGX TP4
16/09/2020 7:26 PM

SGX only has three pure glove counters... Topglov, Riverstone n Ughealthcare. Not much counters to goreng lah. All are Malaysian bosses.

TigerWoods Why 9.28? im thinking to queue at 9.00 to top up
16/09/2020 7:06 PM

Just try your luck loh...sure upswing lah...!!!

supersinginvestor I will do the swap some maybank into tg tomorrow early morning.....
16/09/2020 7:00 PM

Oh...then u Q at...@9.28...Sure can get lah.

keng88 Tomorrow QR out after 12.30
16/09/2020 6:45 PM

Don't care what time lah... important share price... Limit Up...8-)

greedy44444 Remember again...buy on rumour sell on news as QR coming soon
16/09/2020 6:37 PM

Only for lot of hype, news that haven't realized yet, lousy FA, etc...then u do that. For strong fundamental counters...there are...but not to such extreme.

pang72 Hihi.....

Small cap glove limit up like hlt, careplus..

Lady n gentlemen,
I have yet to see the limit up for big cap glove!

Anyone interested?

I am hunger to record down all the history moments..
16/09/2020 5:54 PM

Okay make u happy lah...Limit Up...@10.95.
16/09/2020 6:27 PM

Only Harta n Kossan... sideways...the rest...All Limit Up...8-)

pang72 Hihi.....

Small cap glove limit up like hlt, careplus..

Lady n gentlemen,
I have yet to see the limit up for big cap glove!

Anyone interested?

I am hunger to record down all the history moments..
16/09/2020 5:54 PM

Okay make u happy lah...Limit Up...@10.95.

GorengBilis WOW SGX 3.00 CLOSED !!!!!!!
16/09/2020 5:16 PM

Yup...Bid:2.99 / Ask:3.00.

Makeabuck @Geary okla open a few beers later enjoy the night and have good night sleep hahaha everyone huat ahh...tomorrow still not too late to get in...all are welcome and all huat ah!!! Make more money pay off ur loans pay off ur debts and treat yourself to an awesome holiday...
16/09/2020 5:12 PM

Hooray.

TigerWoods Pagi-pagi must park 8.50 dunno got chance top up or not
16/09/2020 5:09 PM

Even u Q now also...Sorry...very, very long Q.

Makeabuck Aiyoh read all your updates making me so excited la...how to sleep tonight leh???

$$$$$$$$
16/09/2020 5:06 PM

Should sleep well what...confirm...UPSWING.

TigerWoods Habis la.... want to top up sure susah tomorrow
16/09/2020 5:03 PM

Those who Q at...@5.40...please wait until maybe...2023, Sep...maybe not at all.

How...Friday...@10.80...!!!

GorengBilis SGX TOPGLOVE 7.55% NOW WOW!!!! ROCKET
16/09/2020 4:59 PM

BalancedPortfolio88 Hi all. Not sure if it is indicative of what the price will be in Malaysia tomorrow but as at writing this Top Glove on the SGX is SGD2.98/2.99 @ 3.04 that is about RM 9.06.
16/09/2020 4:53 PM

Almost the same price tomorrow...sometime...a bit up or down..Dual Listing.

Those who didn't take advantage to buy...last few days during price weakness...will have to buy into strength...That's...Mr. Market zero sum games...or otherwise.

Steven Teoh Now SG Top Glove 2.96 SGD +0.18 (6.47%) = RM9.028
16/09/2020 4:39 PM

superman87 lucky singaporean, can benefit from SGX TG
16/09/2020 4:24 PM

Foreigners can buy also...u need deposit to open a margin trading account. Outsiders n IBs are buying. Insiders cannot, within 1 month, after Sep 17, can. SBB can.

Tomorrow surely upswing...@8%.

Great Vocalist...OMG.

https://youtu.be/bMGc9-Dku9U

humongainz Uhhmm, ok. I got what you had to say. Anything extra I missed?
16/09/2020 12:48 PM

Investing n trading nothing is perfectl...only 60/70%... okay already...u win.

humongainz It's quite funny that people who open accounts to pose as other people. I guess I'm interfering with your time profit-taking and you don't like it? Whatever man.

Hey, at least my wild unsubstantiated guess that Nuggets won came true!
16/09/2020 12:45 PM

Nothing wrong... forum are fair to everyone...need to absorb n listen also.

Morpheus61 @Humongainz. FAANG cos are not future proof either.
16/09/2020 12:43 PM

Yup.

humongainz__ I have lost money thats why i want this share to crash..if TOPGLOVE goes up tomorrow who want to bet with me..can fark my mother if you all are not happy
16/09/2020 12:35 PM

Thus is the last time I am advising...don't talk a single bad word involving parents...u are disrespectful to heaven n earth. Your roots will rot slowly n with lot of sufferings.

humongainz @geary I don't. It's just experience from trading these kind of hype-ish stocks that ARE supported by fundamentals but the the full picture is not exactly as rosy.

Don't be convincing yourselves that you're buying into a FAANG company. It's a GoPro har.
16/09/2020 12:33 PM

Okay fair...u can trade everyday...But do remember to keep some glove in your portfolios...B-)

humongainz If you don't exit end of tomorrow before another profit taking occurs, you'll be left stranded for a bit, be careful. So look at your screen all day, and time it properly har.

Long term 'investors' for this counter only gets burnt. Next 1-2 years sure? Maybe better returns, maybe worse, but still profit har. After that, you would be holding a stinking a pile of shit due to the aggressive low-margin diversification of this company. By then, all these ventures will just be a limitation of the company's growth long term.

After that, the holders of this high-debt company can go Holland dy when glove use reduce by a sizable chunk, while it's still be higher than the past due to the new normal.
16/09/2020 12:27 PM

Wah...look like u have better understanding of glove business than Tan Sri Lim n those glove bosses...ಠ ೧ ಠ

newkid Khazanah already feel the heat on boiling of TG price !!! Yesterday khazanah pushed up 22 sen on Maybank , I believe they will push the Maybank price further by another 20 sen to safe guard the number one taikor position. Once Maybank price go above 8.70, TG possibilities of over take MBB as Taikor is almost impossible . 2 months after releasing 4th QR, the market capitalisation of TG will break 84 billion !!!!!!!!
16/09/2020 12:10 PM

No.1 or No.10...Not important...temporary Only... important thing u win money or not. TopGlove...12.10...No.1...if Maybank still only 8.70.
16/09/2020 12:22 PM

Tangible Asset wise Maybank win TopGlove...But Intangible asset wise... TopGlove is very much higher...B-)

geary GorengBilis Wow TP100 soon if warrent buffet invest

https://koonyewyin.com/2020/09/16/warren-buffett-should-consider-investing-in-malaysias-big-4-rubber-glove-manufacturers/
16/09/2020 11:27 AM

geary GorengBilis Wow TP100 soon if warrent buffet invest

https://koonyewyin.com/2020/09/16/warren-buffett-should-consider-investing-in-malaysias-big-4-rubber-glove-manufacturers/
16/09/2020 11:27 AM

Uncle KYY...today very logical n optimistic...8-)

GorengBilis Wow TP100 soon if warrent buffet invest

https://koonyewyin.com/2020/09/16/warren-buffett-should-consider-investing-in-malaysias-big-4-rubber-glove-manufacturers/
16/09/2020 11:27 AM

GorengBilis Warrent Buffett is Watching on malaysia Glove counter
16/09/2020 11:30 AM

Wait untill TopGlove is inside... Fortune 500...then we talk...at present only Petronas...Rank 160...among 500 worldwide company.
16/09/2020 11:52 AM

KUALA LUMPUR (Sept 16): Hartalega Holdings Bhd, which expects an additional demand for 120 billion pieces of disposable gloves in the next three years, does not foresee any sharp earnings contraction after 2021 as some analysts anticipate.

"The analysts are correct [on the earnings forecasts]. But when it comes to the third year, after 2021, they start to give us [earnings] contraction... and [it's] a very sharp contraction.

"I mean this is an opinion, right? They can be right at the end of the day. I do not know. But by my guidance, what the analysts have said cannot be right,” Hartalega's executive chairman Kuan Kam Hon told the media after the group's annual general meeting yesterday when asked to comment on analysts' earnings forecasts.

"We are on the ground. We have been in the business for the last 30 years and analysts are not able to see what we are able to see," he added.

The market consensus estimates the net profit of the world's largest nitrile glove maker to swell to RM1.8 billion for the financial year ending March 31, 2021 (FY21) and to grow further to RM1.918 billion in FY22 before dropping to RM1.219 billion in FY23, according to Bloomberg.

Hartalega made RM434.7 million net profit in FY20.

For its first financial quarter ended June 30, 2020 (1QFY21), Hartalega's net profit jumped 134% to a record RM219.72 million compared with RM94.06 million a year ago. Quarterly revenue soared 44% to RM920.09 million from RM640.1 million, as it sold more rubber gloves with higher average selling prices.

The supply of disposable gloves will not be able to meet their demand in the next three years, said Kam Hon.

"Right now, there is an enormous shortage [due to the pandemic]. We do not even know whether we (the industry) have enough to meet the demand for 120 billion more pieces of gloves in the next three years," he said.

"Glove dipping is a long process. The expansion or transition period [to meet the demand] is at least three years," he said, adding that the group's annual capacity now stands at 38 billion pieces.

"Even in the fourth year, if you have extra [rubber gloves], they'd go into the inventory building. When you have a supply shortage, you are not able to build up inventory," he explained.

Kam Hon said Hartalega is now expanding its capacity by about 20% per year, and that this is a pace slightly above the industry's organic growth.

According to Hartalega's chief executive officer Kuan Mun Leong, the demand for gloves for developed countries has increased by 30% since the outbreak, whereas for developing countries — where the gloves per capita consumption used to be very low — the usage has more than doubled.

Mun Leong said the group is accelerating its capacity expansion.

"To date, we have commissioned 10 out of 12 production lines for Plant 6, while for Plant 7, the first production line is on track for completion by October 2020.

"On top of this, Hartalega is further scaling up our expansion plans with the acquisition of land adjacent to Plant 7 of the NGC (Next Generation Integrated Glove Manufacturing Complex).

"This will see the construction of four additional plants, namely Plants 8 to 11, which will progress expeditiously, adding an installed capacity of another 19 billion pieces per annum once completed," Mun Leong added.

Going beyond this, Mun Leong said Hartalega's long-term capacity growth will be propelled by the next expansion of NGC, or NGC 2.0. The group is aiming to commission its first production line under NGC 2.0 by the first half of 2022.

"Once fully completed by 2027, these expansion plans will see the group's total annual installed capacity increase to 95 billion pieces per annum," Mun Leong said.

ASPs for CY21F Fixed at substantial premium.

Acute shortage driving ASPs higher
In term of ASPs, glove makers are expecting further hikes up to at least 1QCY21F.

This is on the basis of the recent increase in raw material prices as well as the acute global shortage of gloves.

"Based on our estimates, glove ASPs could rise by 10-45% qoq in 4QCY20F to US$50-100 per 1,000 pieces, which is above our current forecasts."

-- CGS-CIMB
However, we gather that certain glove buyers are willing to offer fixed ASPs (at a substantial premium to current ASPs) with a minimum 1-year contract tenure to secure glove supply.

In our view, this should provide certainties of ASPs for CY21F if glove makers agree to these contracts.

ASPs for CY21F Fixed at substantial premium.

Acute shortage driving ASPs higher
In term of ASPs, glove makers are expecting further hikes up to at least 1QCY21F.

This is on the basis of the recent increase in raw material prices as well as the acute global shortage of gloves.

"Based on our estimates, glove ASPs could rise by 10-45% qoq in 4QCY20F to US$50-100 per 1,000 pieces, which is above our current forecasts."

-- CGS-CIMB
However, we gather that certain glove buyers are willing to offer fixed ASPs (at a substantial premium to current ASPs) with a minimum 1-year contract tenure to secure glove supply.

In our view, this should provide certainties of ASPs for CY21F if glove makers agree to these contracts.

Keeping their hands in the glove sectors
Barber Elyas Yunoos, 36 wearing face shields with all disposable items such as apron, gloves and gowns cleaning up all his hair cutting tools following instructions and SOPs by health ministry due to the Covid-19 pandemic before reopening of their shop at Lebuh Acheh in George Town.

PETALING JAYA: Hartalega Holdings Bhd and Top Glove Corp Bhd, the top-two largest glove makers in the world, are having separate events this week that will offer investors direct insight into the companies business prospects.

With a combined market capitalisation of over RM100bil, the two companies hold oversize sway on market sentiment.

Since the outbreak of the Covid-19 pandemic, their share prices have led gains on Bursa Malaysia.

This was on the back of a strong quarterly earnings growth, boosted by strong demand and higher selling prices as the world scrambled to stock up on the vital protective gear for their frontliners.

The order visibility of glove makers is robust, CGS-CIMB Research said in a note on Friday, while average selling prices (ASPs) are expected to remain elevated at least for another year.

But despite this bullish outlook, the pressure is rising for glove makers to justify their lofty valuations.

Anxious investors are tracking the Covid-19 vaccine development closely, while investment in new glove-making capacities is likely to curb future price hikes.

These concerns contributed to the recent pullback in glove makers’ stock prices from their recent peaks in early August.

One equity research firm, last week, had even downgraded its target price for Top Glove by half, triggering a fresh round of sell-off that quickly spread to other glove counters.

Top Glove came out strongly to defend itself, spending over RM200mil over the past three days to buy back its own shares.

For Shahril Othman, a 40-year-old creative manager who in July opened his first share trading account, the wild swing in the stock market is quite daunting as a novice investor.

“I think glove makers will continue to do well this year, given the current pandemic situation, ” he said.

Local retail investors were a major force in driving the FBM KLCI from its low in March, as the index outperformed many of its regional peers, thanks to the meteoric rise of the glove makers.

Participation by retail investors has hit a record high this year, filling the void as foreign funds retreated.

“A lot of people have made a lot of money on glove stocks, but some are anxious about their investment, especially after the recent plunge, ” Shahril said.

Tomorrow, Hartalega will be holding its first ever virtual AGM.

The company is expected to use this opportunity to update shareholders on its business prospects in the current financial year.

Shares in Hartalega, which closed at a record high of RM20.50 on Aug 3, was last traded at RM12.44 on Friday.

That is nearly a 40% drop in just barely a month.

Investors will be looking for some kind of reassurance from the management before they rekindle their love affair with glove stocks.

Hartalega, in August, reported a 134% increase in net profit to RM220mil, or 6.5 sen share in the first quarter ended June 30.

Consensus analysts’ estimate has put its full -year profit at RM1.75bil, or 53 sen a share, largely on expectations that earnings will increase substantially in the coming quarters on strong demand and rising product prices.

Meanwhile, Top Glove is scheduled to release its fourth-quarter results ended Aug 31 on Thursday.

Expectations are high for Top Glove to deliver, especially after its executive chairman Tan Sri Lim Wee Chai on Friday said in a statement that the company was confident of robust growth.

Everybodyhuat Selling shit more likely. So dumb. Many expect high stock price, not high dividend. You want me to speak in Bangla language for you to understand? Also like I said, if you dont think TG is for you, why stilp hanging here? Go Maybank or Genting to guarantee dividend. Very difficult meh?
15/09/2020 5:10 PM

ᕦʕ •ᴥ•ʔᕤ

KUALA LUMPUR (Sept 15): The supply of the rubber gloves will not be able to meet the demand in the next three years, said Hartalega Holdings Bhd executive chairman Kuan Kam Hon.

Speaking to reporters at a press conference after the group’s annual general meeting today, Kuan said currently there is an enormous shortage of gloves due to the Covid-19 pandemic.

“Right now, there is an enormous shortage, so we (are) always short on gloves. So the system is compromising because there's not enough gloves. So we do not even know whether we have 120 billion more pieces of gloves in the next three years, do you think it's sufficient? I don't think it's sufficient.

“Glove dipping is a long process, the expansion transition period [for gloves] is at least three years, we are constantly expanding, and what is our glove (production) per annum? Maybe 20%, slightly more than the organic growth,” he said.

Kuan added: "To us, (this) is a big challenge because it is in relation to our capacity, in relation to what we produce, 20% is a lot more."

KUALA LUMPUR: Hartalega Holdings Bhd says demand for rubber gloves won’t be affected by vaccines for the Covid-19 coronavirus and will continue to outstrip supply in the next three to four years.

The pandemic has changed users’ behavior, that has resulted in the demand for gloves, chairman Kuan Kam Hon told reporters. Demand for usage in developed countries have increased 30% while in developing countries, usage has more than doubled, he says.

The industry cannot meet the 120b of additional demand for gloves. This demand can only be fulfilled in three years, he adds.

Spot prices for gloves have jumped 30% this quarter and he expects them to increase 40-50% in coming quarters, he says.

Glove prices are now three times higher compared to those during pre-covid-19.

Hartalega earmarked RM1.5bil investment to build four plants, of which first two lines will be operational by October 2021.

Another RM3bil is for its next expansion phase, its so-called NGC2, which will be fully completed in seven years. - Bloomberg

KUALA LUMPUR: Hartalega Holdings Bhd says demand for rubber gloves won’t be affected by vaccines for the Covid-19 coronavirus and will continue to outstrip supply in the next three to four years.

The pandemic has changed users’ behavior, that has resulted in the demand for gloves, chairman Kuan Kam Hon told reporters. Demand for usage in developed countries have increased 30% while in developing countries, usage has more than doubled, he says.

The industry cannot meet the 120b of additional demand for gloves. This demand can only be fulfilled in three years, he adds.

Spot prices for gloves have jumped 30% this quarter and he expects them to increase 40-50% in coming quarters, he says.

Glove prices are now three times higher compared to those during pre-covid-19.

Hartalega earmarked RM1.5bil investment to build four plants, of which first two lines will be operational by October 2021.

Another RM3bil is for its next expansion phase, its so-called NGC2, which will be fully completed in seven years. - Bloomberg

China locks border with Myanmar.

https://www.nst.com.my/world/world/2020/09/624633/china-locks-down-city-myanmar-border-over-coronavirus

humongainz Waa you target gamblers ah? Good strategy arr. Actually works yknow. Gamblers know no bounds.
15/09/2020 12:41 PM

Sometimes need to allocate some cash for gambling...lah...8-)