Koon Yew Yin 20 Aug 2020

At the EGM for the approval of 2 bonus shares for every 1 share help by shareholder, Top Glove CEO said that the company would increase their ASP, average selling price for glove by 30-40% in August-September.

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It is safe and conservative to assume that the selling price was increased by 20% for June and July and 30% for August to calculate the PAT and EPS for the 4th quarter.

4th quarter EPS 34.8

3rd quarter EPS 13.59

4th quarter EPS is 34.8 divided by 13.59 = 2.6 times better than 3rd quarter.

Forecast full year 31.8.2021 will be 4X 4th Q 2020 X 25% ASP increase = EPS Rm 1.74

Target price based on P/E 20 Rm 34.83

Target price based on P/E 26 Rm 45.28

Conservative Assumption...PE multiple should be at least...30x...(・o・)

GloveInsider Why analyze this and analyze that? You have Tan Sri title? You have Dr. title? You have chairman title? If Tan Sri Lim and family bought tens of million when it dipped, just follow him. He not only know the inside, he also put real money into it. You might say the amount is not significant to him, but remember, he and his family did not inherit this business, every penny was hard earned. He built it up by managing it closely and earned respect from the market. That is how the family become successful.

An old saying in Chinese, follow the one with 福氣。
20/08/2020 12:08 PM

If many people can think critically like u... nobody loses in the stock markets...but because of individual causes n effect's...all types of characters n habits are formed...so it depends on these causes n effects...we created our own blessings n unfortunate events...¯\_(ツ)_/¯

https://www.nationthailand.com/recommended/930?utm_source=homepage&utm_medium=internal_referral


geary https://www.businesstimes.com.sg/hub/whos-who-in-healthcare-2019/the-changing-world-of-healthcare

Integrated Medical Hub.

HNWInvestor what is the number for tomorrow limit up?
18/08/2020 4:34 PM

@5.23...Probably...(・o・)

Investor500Mil My own TP set to RM45 above and my own estimate price can give it to maybe RM70+. The Dai Gor of glove in the world.
18/08/2020 4:21 PM

All the Way Up...till...end of September...n beyond...◉‿◉

maddox LIMIT UP!!! SUI SUI for those who hold tight tight for the next tsunami wave, CONGRATS!
18/08/2020 4:09 PM

Limit Up...◉‿◉

PureBULL ... This mkt has TONNES of big money for those who believe in HOLDING.
It's the sitting that makes us RICH.
tis the time with pure GLOVES .,.
18/08/2020 3:56 PM

Sitting n Waiting is a Boring game...But profitable investing is very Boring...ʘ‿ʘ

Lisabell88 Almost limit up liao.
18/08/2020 3:45 PM

Already limit up just now...Sold whatever on Margin...Hold the rest on Cash...◉‿◉

investorbat very funny,3.05 dont want to buy limit up many q to buy hahaha really sohai
18/08/2020 3:11 PM

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gloveharicut [TOPGLOVE SHAREHOLDER MUST READ] A very detail EGM minutes.


https://klse.i3investor.com/blogs/gloveharicut/2020-08-18-story-h1512393672-_TOPGLOV_SHAREHOLDER_MUST_READ_TOP_GLOVE_EGM_A_very_detail_minutes.jsp
18/08/2020 1:44 PM

Special Dividend...I am confident we will get it... it's how much only... because... Topglov is still expanding its organic business...more merger n acquisition expected...¯\_( ͡° ͜ʖ ͡°)_/¯

geary Zaizai85 With the current backlot order, and increasing asp trend.
No doubt tg can rebound..
The question is when it will end?
If u look at tg agm report, u can see the Expect capacity growth is getting less from 3Q21.
18/08/2020 1:16 PM

Excellent question...When it will end or reach the cliff...Focus on this issue,..◉‿◉
18/08/2020 1:18 PM

Focus...n don't be like... Lemmings...fell off the cliffs...into the Artic Ocean...(・o・)

Zaizai85 With the current backlot order, and increasing asp trend.
No doubt tg can rebound..
The question is when it will end?
If u look at tg agm report, u can see the Expect capacity growth is getting less from 3Q21.
18/08/2020 1:16 PM

Excellent question...When it will end or reach the cliff...Focus on this issue,..◉‿◉

Anna83 Share price will split 2 or 3 ? Example If now price
Rm24.18/3 = Rm8.06? Or divide 2 ?
18/08/2020 1:10 PM

Rm24.18/3=Rm8.06.

Lanesra its been so annoyingly irritating for the past two week, dont even feel like logging in here,
All those retarded and stupid naysayers.spamming the forum
Probably will be the last today here too until qr announced
18/08/2020 12:53 PM

Nowadays I never read all those nonsense...just focus on its earnings growth...n be careful when we reach the cliff... that's All...◉‿◉

TOPGLOVE EGM Update by yttihs - gloveharicut | I3investor


TOPGLOVE EGM Update by yttihs
Author: gloveharicut Publish date: Tue, 18 Aug 2020, 10:49 AM

{{{PM me to join GLOVE Private Discussion Room}}}

I invite you to read my blog and make a smart GLOVE decision.

https://klse.i3investor.com/blogs/gloveharicut/blidx.jsp



I am reproducing TOP GLOVE EGM Summary by yttihs & monkychi81 to my blog.



yttihs, 10:46 AM
Here's the summary of some interesting questions from the EGM

Aug to Sept - ASP increased 20-40% depending on the type of gloves
TG allocating 30% for spot orders
Target to resolve CBP detention issue by the end of August
Expect to pay a final dividend which will be higher
Average TP from all the analyst is 31.13
Average PAT expectation from all analyst is 1.4b
Windfall tax was debated on Parliament yesterday. For now there is no intention to implement the windfall tax.

TP...@38.88...4th week September...◉‿◉

Lanesra after Bonus issue , expecting dividend somemore...thank you Tan Sri Lim haha
18/08/2020 11:03 AM

Probably. ..Special Dividend...!!!

Lanesra yawn, the good old days of construtive exchange of information on i3 is dead
17/08/2020 11:46 AM

Waste your time reading...and there aren't any ban on abusing in i3. Just buy on weakness...no need to read all those nonsense.

Goldgent Must include baby glove also.
CCR (Comfort, Careplus, Ruberex)
The name should be THKS CCR.
18/07/2020 10:57 AM

｡◕‿◕｡

https://www.straitstimes.com/asia/se-asia/raised-on-rubber-malaysian-businessman-tan-sri-lim-wee-chai-boss-of-top-glove

geary Fully Added...@3.05...Average Capital...@3.00...｡◕‿◕｡
14/08/2020 4:42 PM

Averaging Up... Hold... Probably...@8.00...Feb, 2021...(@_@)

https://www.cnbc.com/2020/08/13/dr-fauci-on-us-coronavirus-outbreak-im-not-pleased-with-how-things-are-going.html

https://www.klsescreener.com/v2/news/view/714261

Contra trade ban... Rumour...ಠ︵ಠ

geary Bought back...@0.625...Average...capital...@0.25...Hold.

◉‿◉
13/08/2020 4:00 PM

Averaging...Up...Fully Added.

ant888 i don't know why this company is very good fundamental and making huge revenue but ppl throwing tickets. I think TG boss should announce venture into vaccine business so that ppl no need to waste time to spread vaccine news!
14/08/2020 6:23 PM

Oh...yup...maybe...Tan Sri Lim...got the money n people...can collaborate with China vaccine producers...n distribute here n ASEAN...Wait for unforseen announcement...｡◕‿◕｡

yttihs @geary you want get into private chat group?
Advantage: No naysayers. They bark, I ban
14/08/2020 6:49 PM

Never mind...I read only the important points...Anyway can learn to be patient...with unreasonable people...we can bulk up our psychological or EQ...Be a all rounder...TQ.

https://www.reuters.com/article/us-health-coronavirus-china-food-idUSKCN259330

Handling of frozen foods...Gloves are needed...SOP.

https://www.channelnewsasia.com/news/asia/china-sinopharm-covid-19-vaccine-triggers-antibodies-trials-13020856

Vaccine trials 1 n 2... Successful...◉‿◉

jean9923 Should have sold it when TP RM5.8... but I hold it and it dropped to RM3.3. Lost profit of 50K
14/08/2020 5:14 PM

Learn from mistakes...yup...must sell to bring down your buying price...that's take back some capital... that's to increase your Margin of Safety...◉‿◉

Babi Shark TROLL, the daily chart of TOPGLOVE seem like a heartbeat meter... up and down,,, more exciting compared to a roller coaster...
14/08/2020 5:00 PM

I always like RollerCoaster...｡◕‿◕｡

Lownet2323 Good luck Geary. I am newbie. I am emotional. I sold all. Thank you.
14/08/2020 4:55 PM

Buy back on Monday...if u can...◉‿◉

Lownet2323 2 - 3 years ago. Aimed for fortune 500. And bought a glove company without checking.
This year, around rm 20- buy a little to let trader think the stock is good.
Around rm 25, buy a little to convince other buyers to think the company is sound.
It is not sincere at all. Should let investors know pe of 100 needs 100 years to pay back even with full capacity - cannot reduce pe to 30++ within years.
Good luck for the believers.
14/08/2020 4:49 PM

Ha...Next quarter...can pay back...no need 100 years...PE...33x...if price still the same...｡◕‿◕｡

Added... enough...@23.40...◉‿◉

Fully Added...@3.05...Average Capital...@3.00...｡◕‿◕｡

tcgien too much rubbish rumuour. last mont said windfall tax, now say ban contra. they just want to create panic to force weak player to sell
14/08/2020 2:05 PM

Syndicates...Sharks...etc...Just want to...Buy Lower...so all types of half baked news came out...half truth...half fake...So when their targets are achieved...U know...I know lah...｡◕‿◕｡

Miracle7 Geary pls make it happen
14/08/2020 1:52 PM

At present...Market directions look slightly uncertain...U know Bursa...we Malaysian...are adventurous people...So just...Wait...it bounds to happen...Be optimistic...｡◕‿◕｡

Aiyoo...Got free cash just add lah... forward earnings growth... Should be...@40.00...◉‿◉

Lisabell88 If only careplus down, then be scared. But now every counter also red. Just chill lah. Aiyo.
14/08/2020 11:31 AM

More than 750 counters... down...GDP contraction was expected...But today Friday...lot of profit taking...Buy on Weakness...◉‿◉

skyhin Remember TG up to 18,uncle Lim buy at 17. 00 with huge... After that drop 14..... Than come back until today...... Senario.. Is same now.. Wait him up to 30 to 35 soon
13/08/2020 7:27 PM

(◠‿◕)

yttihs @Kendo @geary exactly my point. There are useful stuff in charting. But if you rely on in to guess direction, not useful. At the end of the day, big guns are the answer.
13/08/2020 6:22 PM

We got to anticipate n assume...who are those big guns...local or foreign institutionals or funds..plus other prospective buyers...so what do u think...more buyers...or more sellers...plus market trends at present...｡◕‿◕｡

Burdoc top up some during closing. will see
13/08/2020 5:58 PM

From my TA...it should be...<@24.50...to average up...but still okay at present...going uptrend a bit... haven't reach... Overbought...◉‿◉

yttihs unfortunately, chart is not something i believe. But there are things which is useful.
13/08/2020 5:29 PM

Can be useful...if u need to average Up...or maybe average down...but sometimes downtrending counters can be tricky... without solid FA...plus more prospective buyers than sellers...I am still learning...｡◕‿◕｡

jungleboy means oversold technically for TG?
13/08/2020 5:27 PM

Ha...I don't see any glove counters...Oversold...they can stay... Overbought...for 2 or 3 weeks...n down only for few days...in consolidating trends... slightly in the middle of... Overbought...◉‿◉

yttihs The Empire Strikes Back!!!
13/08/2020 4:46 PM

Insiders are supporting its market price...later we shall see announcement...｡◕‿◕｡

Miracle7 Ok geary wish ur dream come true
13/08/2020 4:23 PM

Kick Maybank down from its Perch...If run by yellow skins... already as good as PBB...◉‿◉

Miracle7 Or maybe rm35
13/08/2020 4:15 PM

No lah...Limit Up...@53.00...ʘ‿ʘ

Bought back...@0.625...Average...capital...@0.25...Hold.

◉‿◉

Invester88 If I know the nurse touch the previous patient, then want to use the same glove touch me, I will ask them to change glove, it is highly contagious.
13/08/2020 3:32 PM

Yup... highly contagious n smart virus...New SOP needed...more gloves needed...Every patient... A pair of gloves in the trash can...｡◕‿◕｡

Lanesra Geary,, medical personnel need to change each pair of gloves after they handle 1 patient. And change into another when they handle another patient. Not 1 pAir for 4 hours.
13/08/2020 3:07 PM

Yup...if like this for Covid19...more gloves needed...I was thinking they work around 4 hrs...then lunch break...they change new one...they have to be very, very strict... follow...new SOP.

Bornfree Be patient, follow TG bosses. They know the demand for gloves very high even with vaccine. Order already full until next year. So results must be very good lah.

Yup... unfortunately...there are many Topglov...imposters...acting like TG bosses...they know gloves business better than Tan Sri Lim n others running the business day in day out...ᕙ( • ‿ • )ᕗ

Fong Zhin Bok While injecting vaccine, the doctor no need to wear gloves? The vaccine must not be one dose only, must be at least three doses. And then, what if the vaccine of company A is not effective, the people have to get the vaccine of company B. Vaccine should not be the enemy of gloves, they are in the same team.
13/08/2020 2:41 PM

For gloves they can only wear maximum...4 hrs...Must change new one...others u guys go n find out more evidence...◉‿◉