yttihs @geary verify for me :P
04/08/2020 7:19 PM

Production cost must go up...I take conservative assumption...probably around...EPS...@0.50...unforseen circumstances applicable n other variables...forex exchange...interest rates. Too much numbers u might feel afraid...like a Chartered accountant. EQ...is still above 60%...Mr. Market will decide the price at the end of the day...◉‿◉

At 5pm, the FBM KLCI pared its losses to end 3.33 points higher or 0.21% to 1,575.94, tracking the stronger key Asian markets. The KLCI hit an intra-day low of 1,549.62.

Turnover on Bursa was 15.62 billion shares valued at RM10.45bil. There were 608 gainers, 514 losers and 376 counters unchanged.

On Monday, trading volume was 13.128 billion shares valued at RM8.24bil. The 30-stock KLCI saw RM20bil wiped out that day.

Playmaker Uncle sudah tua so silap kira, yang tolong check tu OTB belim tua pun boleh check silap LOL
04/08/2020 6:41 PM

FA n TA...only 40%...EQ is 60%...(・o・)

karimboss TP RM40
04/08/2020 6:26 PM

4th Quarter after...@48.88...＼(◎o◎)／

Steven Salzberg.
Harmful if Phase 3 trials not completed.

On the benefit side, my article assumed that we could quickly make millions of doses available before Phase 3 trials completed. I was wrong there too. We can and should ramp up production of vaccines before Phase 3 trials are over–and several manufacturers are doing just that, with government support. But these vaccines aren’t available in large quantities yet, and by the time they are, Phase 3 trials will be much further along.

One thing I’ve learned as a scientist is that if you get something wrong, you need to admit it, learn from the experience, and move on. I was wrong.

Disclaimer: the content on this site is my personal opinion and is independent of my affiliation with Johns Hopkins University.

Full coverage and live updates on the Coronavirus

Get the best of Forbes to your inbox with the latest insights from experts across the globe.
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Steven Salzberg
I'm the Bloomberg Distinguished Professor of Biomedical Engineering, Computer Science, and Biostatistics at Johns Hopkins University. From 2005-2011 I was the Horvitz…Read More

Miracle7 Hopefully up up up ..tmr open rm29

@30.28...(･o･;)

Miracle7 Sold at 27.50 and re enter at 28.36 feel like want stab myself
04/08/2020 5:24 PM

ಠωಠ

yttihs @investmalysia Mercedes cheap car lar. Got money buy Aston Martin. Hand made limited edition.
04/08/2020 5:09 PM

¯\_( ͡° ͜ʖ ͡°)_/¯

wiser_dude And before bonus, will go to 50
04/08/2020 4:56 PM

┌(・。・)┘♪

investmalysia Everyday price also nice. 2688. Today 2826

@2838...easy huat...heart just...(☉｡☉)!

ronnanua time 4,45pm-4.50pm waiting for some magic show haha
04/08/2020 4:41 PM

Everyday limit up...13%...is good enough...( ՞ਊ ՞）→

HNWInvestor thank you TG. I sell off now, lock down profit. see doctor check my heart first, after the roller coaster ride
04/08/2020 4:33 PM

⊙﹏⊙

miss_secret 24k become 30k?? walao.. i get 6k soon

The Dragon is flying...◉‿◉

victory015 careplus is out of power to move up.
04/08/2020 4:05 PM

w(°ｏ°)w

mtr27 LET'S THE BULL RUN WILD.....YEEEHHAAAAAAAA!!!!!!
04/08/2020 3:37 PM

The Dragon awaken...its pearl is missing...ᕙ( • ‿ • )ᕗ

blahbleh crazy volumes crazy buy crazy sell crazy ride...this is not from retailers mainly..
04/08/2020 3:12 PM

Bursa counters aren't for those weak hearts...(・o・)

sunra88 huh care plus 5.6? what is the world going to?
04/08/2020 9:58 AM

Smaller gloves counters all limit up...100x PE... Topglov...150x PE...not a problem...:-)

Lfw100 so fast my TP RM6 want reach already??!?!? wuhooooooo!!!!!!!! current 5.60 make my paper gain almost 380% already!!! Revised my TP to RM10 now!!!!!
04/08/2020 9:38 AM

Will reach above 100x PE...very soon...◉‿◉

Hui1995 Hi all, I have a question here. Does topglove shareholder in SGX eligible to get bonuss issue as well?
03/08/2020 9:50 PM

Why did u bought Topglov dual listing in SGX...answer is... Yup...◉‿◉

KUALA LUMPUR (Aug 3): Glove stocks continued their ascent to new peaks today with Careplus Group Bhd outperforming its peers and chalking up 27.95% at the noon break. Its trading volume swelled to 91.76 million, which was more than the combined volume of its other six counterparts.

Careplus was the second top gainer on the local bourse this morning, spiking as much as RM1.04 or 28.49% to RM4.69 before paring gains to RM4.67.
Suspension on RM4.74.

GENEVA: The World Health Organization (WHO) warned on Monday (Aug 3) that, despite strong hopes for a vaccine, there might never be a "silver bullet" for COVID-19.

More than 18.14 million people around the world are reported to have been infected with the disease and 688,080​ have died, according to a Reuters tally.

WHO director-general Tedros Adhanom Ghebreyesus and WHO emergencies head Mike Ryan exhorted all nations to rigorously enforce health measures such as mask-wearing, social distancing, hand-washing and testing.

"The message to people and governments is clear: 'Do it all'," Tedros told a virtual news briefing from the UN body's headquarters in Geneva. He said face masks should become a symbol of solidarity round the world.

"A number of vaccines are now in Phase 3 clinical trials and we all hope to have a number of effective vaccines that can help prevent people from infection. However, there’s no silver bullet at the moment - and there might never be."

READ: US says unlikely to use China, Russia COVID-19 vaccine as race heats up
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READ: Commentary: Booster shots will likely be needed even if a COVID-19 vaccine is ready
Ryan said countries with high transmission rates, including Brazil and India, needed to brace for a big battle. "The way out is long and requires a sustained commitment," he added.

The WHO officials said an advance investigative team in China, where the virus originated, was not yet back.

A larger, WHO-led team of Chinese and international experts is planned next to study the origins of the virus in the city of Wuhan, although the timing and composition of that is not yet clear.

Tedros also urged mothers to continue breastfeeding even if they had COVID-19, as the benefits "substantially" outweighed the risks of infection.

WILL Top Glove Corp Bhd, whose share price has risen 440% year to date, see its market capitalisation (cap) surpass that of Southeast Asia’s largest bank — DBS Group Ltd?
Well, some glove bulls think that is a possible scenario.

Of the most optimistic glove bulls, Affin Hwang Capital Research analyst Ng Chi Hoong pondered, in a note earlier last week, the possibility of Top Glove’s share price breaching RM100 should investors ascribe a higher valuation on the world’s largest glove maker.

Pegging a price-to-earnings ratio (PER) of 52 times, which Ng noted is similar to Hartalega Holdings Bhd’s valuation, he said, “Our bull-case scenario indicates that Top Glove’s fair value could be as high as RM110.20, if selling prices do increase by 10% (month-on-month) each month in FY2021E.”

Interestingly, if Top Glove were to trade to RM110 apiece, this would mean its market cap could reach a whopping RM295 billion, surpassing that of even DBS Group, which had a market cap of S$52.4 billion (RM161 billion) as at last Friday.

So far, no Malaysian-listed company has managed to breach the RM150 billion mark.

In a research note published last Tuesday, Ng raised his target price for Top Glove from RM22.40 to RM46.40, hinging on a PER of 30 times ascribed on his forecast earnings.

Notably, if Top Glove shares reach RM46.40 apiece, this would mean that its market cap will reach RM125 billion, surpassing that of Malaysia’s largest listed company Malayan Banking Bhd (Maybank) by a comfortable 40% margin.

Ng’s optimism is premised on a high possibility that Top Glove’s average selling price (ASP) could be higher than his base case of 5% m-o-m increment, given the strong surge in demand for gloves.

“If selling prices were to increase by 8% to 10% m-o-m each month in FY2021E, our earnings forecasts would be lifted between 24% and 42%,” he said, adding that Top Glove could see direct earnings improvement, owing to operating leverage, as cost does not increase in tandem with an increase in ASP.

In terms of the potential effect from the US Customs and Border Protection’s detention order on disposable gloves produced by two of Top Glove’s subsidiaries, Ng thinks the impact on the group’s earnings is manageable at 5% to 6%.

He also believes that, should there be any unfavourable circumstances, Top Glove could reroute its orders for the US to other countries at spot prices, which could give the glove maker better margins, as spot prices are generally higher by about 5%.

Quantum leap in market cap rankings

At last Friday’s market close, Top Glove was valued at RM68.62 billion, making it the third-largest listed company in the country, behind Public Bank Bhd’s RM68.79 billion.

Just the previous day, Top Glove had edged out Public Bank by a margin of nearly RM1 billion.

So far this year, Top Glove’s ranking by market cap has jumped 31 places, from 34th to third-largest in Malaysia.

A similar scenario has unfolded in Singapore, where Top Glove is also listed. Top Glove Singapore is now the 10th-largest company on the Singapore Exchange, with a market cap of S$22.66 billion. So far this year, it has skipped past 41 companies, from 51st position at the start of 2020.

Notably, Top Glove is also among the stocks listed on the Dow Jones Sustainability Emerging Markets Index (DJSI) in September 2019 in recognition of its sustainability practices.

Top Glove is ranked 15th out of 44 healthcare companies, placing it among the top 33% performers across all DJSI indices.

pineapple123 started selling at 4.74, i think careplus need to rest liao
03/08/2020 5:10 PM

Suspension n let her...Rest...too tired...need some gasoline or oxygen...:-)

katappa I just realized TS Lim sibek suka number 8

BI EGM also falls on 18/8
03/08/2020 5:06 PM

Number...8...is a business or money number...it has two zero...bottom n top...so either u are zero pokai...bottom...or multimillionaire...zero on top...:-)

investmalysia Nice number. 2688
03/08/2020 4:51 PM

Next is 6288...But after the bonus issue...X...3...:-)

HNWInvestor geary: both comfort and rubberex now at RM6 each....damn high and dangerous......
03/08/2020 2:45 PM

I don't know...gone crazy already...but looking into all...7 pure gloves counters...average...PE multiple...@100x...per year earnings growth is reasonable...◉‿◉

KUALA LUMPUR (Aug 3): Glove counters, including the smaller players, dominated the list of gainers with seven of them rallying to new all-time highs today, against the negative sentiment seen in the broader market, as several countries extended their restrictions due to surging Covid-19 cases.

The FBM KLCI was in negative territory throughout the norning session today, and closed 0.94% or 15.09 points lower at 1,588.66 at the noon market break.

The benchmark index was traded between 1,587.68 and 1,599.34 today against its closing at 1,603.75 last Thursday. The market breadth was negative as the number of declining stocks outnumbered advancers by 445 to 305.

The smaller glove counters, namely Careplus Group Bhd, Comfort Gloves Bhd, and Rubberex Corp (M) Bhd, also finished at their all-time highs at the noon break.

Careplus was the second top gainer on the local bourse this morning, spiking as much as RM1.04 or 28.49% to RM4.69 before paring gains to RM4.67. The stock saw some 91.76 million shares traded.

Rubberex jumped as much as 89 sen or 17.02% to RM6.12. It also pared gains to RM6.09 at the noon break, placing it as the fifth top gainer on Bursa Malaysia. Some 16.47 million shares were transacted.

Meanwhile, Comfort Gloves also gained as much as 16.01% or 86 sen to RM6.23, before paring gains to RM6.22. Some 29.33 million shares were traded.

Among the glove-making behemoths, Top Glove Corp Bhd rose as much as 3.79% or 98 sen to RM26.86 before paring gains to RM25.88, bringing it a market capitalisation of RM72.07 billion. It was the sixth top gainer on Bursa this morning. The counter also saw some 9.68 million shares exchange hands.

Hartalega Holdings Bhd rose as much as 88 sen or 4.34% to RM21.16 before paring gains to RM20.88, placing it as the 10th top gainer on Bursa and valuing it at RM71.57 billion, after some 8.17 million shares were traded.

Supermax Corp Bhd rose as much as RM1 or 5.41% to RM19.50 earlier today before paring gains to RM19.34 at the noon break, valuing it at RM24.95 billion. The counter saw about 11.71 million shares exchange hands. It was the fourth top gainer on Bursa.

Meanwhile, Kossan Rubber Industries Bhd climbed as much as 66 sen or 3.75% to RM18.26 earlier before paring gains and closing 50 sen or 2.84% higher at RM18.10, bringing it a market capitalisation of RM23.1 billion. The counter saw about 3.62 million shares done.

yttihs @geary Now Tan Sri beginning to pay the RM30 million to the banglas. Once settle, sure fly one.
03/08/2020 2:42 PM

:-)◉‿◉｡◕‿◕｡

mlike Don’t talk too early, end out no house no car... only big loan!
03/08/2020 2:40 PM

ಠ_ಠಠ_ʖಠಠ︵ಠ

yttihs Wah lao...they push Comfort to 6.XX and Careplus to 4.XX.
Like that TG is 40.XX liao, haha.
03/08/2020 2:30 PM

｡◕‿◕｡...Big Bro... sleeping...ಠ ೧ ಠ

PE of 30x works out to RM 6.45
03/08/2020 1:51 PM

I don't see sny...30x...PE...gloves counter...even half glove...HLT...above...100x...◉‿◉

slient demand is there
03/08/2020 1:22 PM

Yup supply n demand...supply of gloves less n demand increasing...same like demand for its shares...the crowd keep bidding higher n higher...all rushing to...Buy...n shares outstanding is low...(・o・)

youngblood29us careplus is a joke..balance sheet like shit but more expensive that genting..lol
03/08/2020 1:15 PM

So how are U gonna anticipate or forecast the next few quarters of earnings growth...then the balance sheet isn't shit...(・o・)

_phoenix_ it cannot lagged behind Comfort and Rubberex by 1.00 difference
03/08/2020 12:15 PM

Yup...Will overtake them...｡◕‿◕｡

rr88 4.46 RSI 94%. A serious drop from here. Sell !!
03/08/2020 11:36 AM

Gloves counters...No...Too much TA...get u no where...look more into the trends...n gloves demand going forward...PE...EPS...etc...◉‿◉

SuperKenn Switched all my funds from Supermax to careplus since careplus is 2.60 hold till now..hopefully carepls will be second supermax fly from RM3 to RM19..huat a....
03/08/2020 11:03 AM

ʘ‿ʘ

Lfw100 wahhhh my TP RM6 is coming more closer and closer liao wei!!! :D wuhhoooo!!!
03/08/2020 10:03 AM

RM 8.88...Next Q report...◉‿◉

Gen2 Why SIA needed almost 34B ringgit to bail whereas AA and AAX only need 1 to 2B ?
02/08/2020 5:56 PM

SIA groups...Scoot, MI n Tiger...Zero domestic flight...No other source of revenue...pax n cargo only. AA...some domestics flights in Malaysia, Indonesia, Thailand, India, Philippines n maybe Japan. Plus cargo, red ventures, maybe BigPay, etc...N AA has positive cash flow from operations.

Underhand Stupid people talk about human rights at this point of time
02/08/2020 5:03 PM

They ask for it...so spread the Covid19...So more money flow into gloves companies...:-)

kyliew vaccine is coming out, this stock price will shoot up
02/08/2020 2:26 PM

Patience...Boring...But when it's...Up...it takes less than...100 days...maybe not like some gloves counter...10 baggers...a 5 baggers is enough...:-)

August 2, 2020 04:20 JST
TOKYO/SYDNEY -- COVID-19 infections are increasing around the world, with 126 countries and regions -- about 70% of the globe -- reporting growing cases as of Friday, marking the highest percentage since the beginning of April.

Nikkei examined data from Johns Hopkins University and calculated the number of countries and regions that have recorded new daily highs or upticks in the past week.

Out of 188 countries and regions, 77 were experiencing an upward trend in May. That number has now reached 126.

Forty European countries, or roughly 80% of nations on the continent, are experiencing an uptick. In Asia and Oceania, the percentage is almost 70%.

As the pandemic shows no signs of subsiding, countries face the challenge of balancing reopening their economies and preventing infections.

Spain in particular is seeing notable increases. Currently, its new cases tally is about eight times what it was in June. Australia, too, has recently recorded a daily new high, exceeding the previous peak it saw in late March.

One reason for the surge in cases is increased testing.

In early April, the percentage of positive cases compared with the total number of tests was above 20% in the U.S., and above 7% in Japan. The median rate was down to roughly 2% in July for 88 countries and regions that provide the percentage of positive cases.

According to Max Roser, a fellow at the University of Oxford, 3% is the threshold that indicates a country is experiencing an uptrend. Out of the countries that have provided the percentage of positive cases, half report figures above 3%

Nine countries in Europe, including Spain and Belgium, are reporting cases-to-tests ratios above this threshold. Japan saw the ratio below 1% in June but it is now about 5%. This could mean infections are spreading at a faster rate than testing.

In Europe, countries imposed tough restrictions on movement in April and May, resulting in lower daily new cases. In the past few months, economies in the region have been gradually reopening.

However, according to Germany's Robert Koch Institute, new infections are occurring via family celebrations, in leisure facilities and in offices. Many countries have also been lifting restrictions on overseas travel since June, which is leading to a resurgence of the virus.

As a result, many countries are tightening movement restrictions again. As of Friday, 84 countries and regions have reimposed measures such as prohibiting gatherings and closing amusement facilities.

Twenty-five countries in Europe and 19 countries and regions in Asia and Oceania have reinforced movement restrictions or lockdowns. Several countries have implemented policies that focus on regions with rising cases this time, while they imposed nationwide lockdowns during the first wave of infections.

The imposition of nationwide movement restrictions and lockdowns has severely damaged economies, so authorities are attempting new measures to prevent infections that will not completely smother economic activity.

Some European countries are trying so-called smart lockdowns. In western Germany, a restriction on movement was implemented in Gutersloh county in June, when a massive outbreak occurred at a local food processing factory.

Federal and local governments have agreed to a new strategy to impose a lockdown; they will implement restrictions only in the relevant county or a smaller area, and strictly regulate the inflow and outflow of people from there. A similar measure has been taken in Spain's Catalonia region. On Friday, the U.K. government announced that it would implement social distancing measures such as banning home gatherings in roughly 20 areas.

For international travelers, countries are seeking to avoid another all-out interruption to movement. Italy had started to allow in people from the European Union since early June, but on July 24, it decided to impose a mandatory two-week quarantine period on travelers from Romania and Bulgaria, where cases are on the rise.

In Australia, Queensland State has decided to allow in some domestic travelers but excluded those from Victoria State and Sydney, where infections are increasing.

In Japan, the Tokyo Metropolitan Government has requested that restaurants in close by 10 p.m.

While there is hope these experimental measures will have a positive effect on containing the virus, time will tell which are the most effective tools as governments and municipalities try to strike the right balance between allowing economic activity and preventing the spread of the disease.

GENEVA: The World Health Organization on Saturday (Aug 1) warned the coronavirus pandemic was likely to be "lengthy" after its emergency committee met to evaluate the crisis six months after sounding the international alarm.

The committee "highlighted the anticipated lengthy duration of this COVID-19 pandemic", the WHO said in a statement, and warned of the risk of "response fatigue" given the socio-economic pressures on countries.

The panel gathered on Friday for the fourth time over the coronavirus crisis, half a year on from its Jan 30 declaration of a public health emergency of international concern (PHEIC) - the WHO's highest level of alarm.

"WHO continues to assess the global risk level of COVID-19 to be very high," it said following the meeting.

The novel coronavirus has killed at least 680,000 people and infected at least 17.6 million since the outbreak emerged in China last December, according to a tally from official sources compiled by AFP.

Unsurprisingly, the panel, comprising 17 members and 12 advisers, unanimously agreed that the pandemic still constituted a PHEIC.

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CRISIS FATIGUE WARNING

Several countries around the world have imposed strict lockdowns in a bid to control the spread of the respiratory disease, plunging economies into sharp contraction.

The committee urged the WHO to provide nuanced, pragmatic guidance on COVID-19 management "to reduce the risk of response fatigue in the context of socio-economic pressures".

READ: US says unlikely to use China, Russia COVID-19 vaccine as race heats up
The panel urged the WHO to support countries in preparing for the rollout of proven therapeutics and vaccines.

The committee also urged the agency to accelerate research into the remaining "critical unknowns" of the virus, such as the animal source of the disease and potential animal reservoirs.

It called for improved understanding of the epidemiology and severity of COVID-19, including its long-term health effects.

And the committee wanted more light shed on the dynamics of the virus, such as "modes of transmission, shedding, potential mutations; immunity and correlates of protection".

The near six-hour gathering was hosted at the WHO's headquarters in Geneva, with some participants joining via video-link.

The committee will reconvene within the next three months.

EFFECTS 'FELT FOR DECADES'

Going into the meeting, WHO chief Tedros Adhanom Ghebreyesus said the pandemic's effects would be long-lasting.

"It's sobering to think that six months ago, when you recommended I declare a PHEIC, there were less than 100 cases and no deaths outside China," he said on Friday.

"The pandemic is a once-in-a-century health crisis, the effects of which will be felt for decades to come."

The committee warned countries to prepare their health systems to cope with seasonal influenza and other disease outbreaks alongside the new coronavirus.

They were also urged to "encourage global solidarity" on COVID-19 and address "mis/disinformation" about the virus.

The WHO has been sharply criticised for the length of time it took to declare an international emergency.

The United States, which accused it of being too close to China, officially began its withdrawal from the organisation in July.

The agency has also been criticised for recommendations deemed to be late or contradictory, in particular on wearing masks, or the modes of transmission of the virus.

KK How about face mask sector , just wonder if this is better than glove business?
02/08/2020 3:46 PM

Gloves wearing are for protection n for specific functions...then into the trash cans. Masks wearing last much longer n reusable masks much longer. So for masks people will buy certain branded reusable masks. Gloves not really into brands, OEM, ODM, n OBM, not so sentimental about it. Use n then throw away. Masks probably have sentimental n brand value. So business sentimental demands...we got to differentiate between the lines...◉‿◉

edwardkuah my k+ TP is RM10
02/08/2020 2:16 PM

Yup...Me...@8.00...◉‿◉

bahai4453 AA will never go bankrupt . Even it goes and trapped into PN17, a knight riding with a white horse will come for the rescue. Good opportunity for those trapped around 3.00 to average out, may be this time off is the last chance you all can grab.
02/08/2020 12:37 PM

Investors are those who think AA is an unique Brand n its management team are efficient...Covid19...is a natural calamity or unforseen circumstances...Nothing to do with management team. AA of course will survive such unprecedented turbulence...^_^

vickvick Current price for Careplus is undervalued based on its fundamentals . It should quickly go up to at least equate the price of Comfort n Rubberex..tht will start from tmrw..


N pls dont buy in all those Vaccine Fantasy Stories.. Lets get real n live life in an abnormal way..
02/08/2020 12:49 PM

Yup... probably better than Comfort n Rubberex.

Vaccine only for Russian...WHO did not announce covid19 pandemic is over...many countries still infected...gloves demand still high...even every countries got vaccine...Unless there are oversupply of gloves n demand tapered off. Profits margins squeezed...ಠ︵ಠ

stocktrade101 Cramped spaces are standard for migrant quarters. So are working ot. Just ask singapore how their migrant workers are treated, yet US and the rest of the world don't bitch about it.
02/08/2020 11:09 AM

Yup... because US navy stationed there...(・o・)

chtan33 every bangla workers given free TGloves share 100 unit.... all become shareholders. no issue of abuse ..
02/08/2020 11:22 AM

Bro...Any docs proof...that foreign permit holders...are given free esos shares...◉‿◉

New York (CNN Business)Wall Street is deep in the red on Thursday. Investors are wrapping their heads around the morning's economic data including the GDP report, which finally put a number on just how badly the economy fared during the spring lockdown, as well as an increase in weekly jobless claims.

The Dow (INDU) shed nearly some 470 points, or 1.8%, around mid-morning, with only one stock in the index trading in positive territory. The S&P 500 (SPX), meanwhile, fell 1.4%. The tech-heavy Nasdaq Composite (COMP) was down 0.9%. The biggest stock declines were in energy and basic materials sectors.

450 points very little...as expected GDP down, jobless claims, earnings down, etc.

yttihs @geary if it drops 1,800 i'll be scare but 500 vs current Malaysian sentiment on glove stock...Not a problem
30/07/2020 10:22 PM

Steady lah...2020...no more collapse...(◠‿◕)