tuapuikia don't follow kyy, he will one day sell topglove and tell the price is too high. buy at your own risk, good luck
30/07/2020 9:35 PM

Then follow me buy... Careplus...◉‿◉

limkokthye us stock drop 500points, lucky tomorow klci cuti
30/07/2020 10:15 PM

Gloves counters don't influence by DJ...most of the time these days...◉‿◉

Want2Win turbo juga oh
30/07/2020 7:58 PM

Turbo Charge...Ferrari Spider 488...dreaming...^^^***

yttihs Wah geary so confident he can fly to heaven soon!
30/07/2020 7:55 PM

Nothing to do mah...MC two weeks...meniscus tear...gong gong anyhow target lah...make people happy go lucky...^^^

Ster333 Based one the previous history, every time topglove announced bonus issue the share price drop or stay stagnant after ex date. Wonder will it be the same this time? Any opinions?
30/07/2020 7:16 PM

Present scenarios, sentiments n demand for its outstanding shares still positive...n these will continue even after dilution of outstanding shares of both esos n bonuses...Probably more than 8.1 billions. I think by 1st week of January 2021...TP...@62.88...equivalent to...@20.96...outstanding shares diluted.

KUALA LUMPUR (July 30): Top Glove Corp Bhd, whose share price retreated today, said it has been in constructive engagement with the US Customs and Border Protection (CBP) regarding the detention order imposed on its subsidiaries Top Glove Sdn Bhd and TG Medical Sdn Bhd. The group said it hopes to arrive at an agreement with the US authorities soon.

In a statement today, Top Glove said it has been in engagement with the CBP via its headquarters in Malaysia as well as its US office since July 17.

"We have made good progress and look forward to arriving at an agreement on remediation within the month of August 2020, upon which we plan to commence remediation payment immediately.

"This will enable us to continue delivering our gloves especially to first respondents, whose safety and lives are on the line during this critical time," it said.

Top Glove added that it has appointed an independent consultant to advise them on the matter.

To recap, on July 15, the CBP placed a detention order on imported disposable gloves manufactured by Top Glove Sdn Bhd and TG Medical Sdn Bhd in relation to suspected forced labour practised at the group's factories.

Reuters reported yesterday that Top Glove had submitted information to prove it did not use forced labour, citing a US Customs official.

However, the US authorities told Reueters that it could not specify a timeline for resolving the concerns and will not modify or revoke a "Withhold Release Order" until it receives proof that establishes the admissibility of the affected merchandise.

On July 21, Top Glove's headquarters was raided by Malaysian enforcers, however the reason for the raid was because the glove manufacturer had breached Movement Control Order rules, as well as provided cramped quarters for foreign staff. Malaysian authorities, however, concluded that Top Glove did not impose forced labour.

CoronaComment will the price go up after bonus? or it will remain static?
30/07/2020 6:00 PM

Got patience sure...Up...!!!

jungleboy EGM 18 Aug for the bonus issue
30/07/2020 5:21 PM

Oh...so fast...then...TP...ex-bonus...@>33.88.

yttihs 4:50pm 5000 sapu-ed. Highest transacted volume of the day.

Monday will be good news.
30/07/2020 4:53 PM

Yup...happy weekend...***

katappa civil suit too cheapo for him...the ppl he killed with his holy hypocrite "activity".....count the deaths & charge him on 2nd degree mass murders for every single soul fall due to shortage of gloves at US

US citizen need to be made aware.....flame it to the max. Start the fire, TG shall pour kerosene, let it explode to the max, see who can't withstand the heat
30/07/2020 4:37 PM

Unfortunately most US n angmoh don't trust our culture n ethic...our Asian morality very much better than theirs...many sensible angmohs...Stay in Asia to learn more about our great philosophy.

yttihs Whenever you guys talk about KYY, this forum will go silent. We TG regulars won't talk about that issue anymore. No point you guys keep bring it up.

It's better you guys smear him at Supermax.
30/07/2020 4:16 PM

Oh...KYY isn't the biggest shark in Supermax...look closely then u know...some of the management that were caught insiders trading...are the biggest shsrks swimming around there...plus some baby sharks...running dogs 'carI makan'...running here n there...That's why I do not trust the management team I do not buy n hold the stock. Gambling can only...be careful...***

smallkid91 Actually... There was a huge YOY sales growth in china for apple. Sinovac looks promising, if it goes well, its good news for us. Hopefully cheaper too.

Oh...I thought because of covid19 n huawei conspiracy...Apple sales big dropped last few months...now up already...quite sometime not in touch with tech stock...only hold little bit of Pentamaster.

smartkids Many ppl jealous of Topglove keep on creating bad news for Topglove
30/07/2020 3:07 PM

Human beings mah...some are neutral...some are happy for you...n some are jealous of u...n some want to steal from you... aiyah...this dirty money...give some back to charity loh...at least you do something with your skills...n don't expect any return...◉‿◉

Allen123 after 4pm will jump to 3.8
30/07/2020 3:13 PM

Yup...but holiday tomorrow n Monday...(◠‿◕)

Yu_and_Mee geary, i don't greed. 88 is the best enough for me
30/07/2020 3:08 PM

Yup... don't wait until the clock with no hands strike midnight...◉‿◉

Yu_and_Mee 40
30/07/2020 3:00 PM

2021...July...@RM 100.00...1 year from now...Hold...｡◕‿◕｡

chrisx9 Teamlocket sell you from this forum can ah?
30/07/2020 2:39 PM

This fellow suddenly came from where...like jealous dog barking in this TopGlove forum...the best glove company in the world...(◠‿・)—☆

blackleopard Why should we buy US's products while accusing TG blindly...f US
30/07/2020 2:22 PM

US own doing...Apple sales dropped so much in China...few store are closed. They ask for it...so be it...wait for change of President then we see loh...next year only...we can see... even Lockheed n Boeing will suffer...China already has their own pax jet. China is self sufficient enough...like Chairman Mao said...why you come to China...we are okay...◉‿◉

China hold...#1.1 Trillion of US treasury to date. So that's to say US owes China 1.1 Trillion. Imagine... that's why all products from China they try to discredit and ban them to many countries in the world. By holding US treasury China Renminbi will stay low...n advantage for China export.

That's why whatever export come out from China...US try to tell the whole world don't buy China made products. Don't let then be so filthy rich. US is a bankrupt nation. They keep on printing money...←_←

stevenckheng snap poll coming!!! run or stay!
30/07/2020 1:51 PM

This backdoor government can win...better for Bursa...◉‿◉

smallkid91 Agree. The big audit.
Topglove management better take it seriously.

@geary haha. Yeap. Manipulation is not over. US would love that we buy their vacines later on ( ͡° ͜ʖ ͡°)
30/07/2020 1:44 PM

Why Must buy from them...China said she will share with the world when its vaccine is ready...So Malaysia don't trust China or become US lapdog?. Buy expensive from US n not cheaper China vaccines...they will discredit China vaccines...u just wait n see the news...they want to monopolise their vaccines...ಠ ೧ ಠ

Geary
"Now another issue...China is hiding Jho Low...so we Malaysian still haven't wake from US manipulation...ಠ︵ಠ
30/07/2020 1:11 PM".

"Whatever good n advanced things China did...US n some EU n SWP lapdogs ..will disagreed. Why...because China is still Communist government...this cold war mentality still stay with them. They even try to influence as many countries as possible to discredit China goodwill. All types of evils mind came out from them just to discredit n devilish China. Be it loh...China is forever a Red Devil...under Communist. So what have those angmoh done for mankind...ask yourself...ಠ︵ಠ.

Drsnazzy How to join KYY telegram
30/07/2020 1:07 PM

No such things...these people want to create more panic...about those human right issue...n buy cheaper price... that's their main target...ಠ ೧ ಠ

pete11 Issue will be resolved
30/07/2020 12:58 PM

It was an old issues...these Angmoh so jealous...some conspiracy involved...by local idiots. Actually no issue siready...those western media n human right just want to cause trouble with TopGlove. TopG Bosses won't be brided lah... don't pay a single cents to those corrupted minds n biased ideologies.

Now another issue...China is hiding Jho Low...so we Malaysian still haven't wake from US manipulation...ಠ︵ಠ

Top Glove is very much under priced - Koon Yew Yin
Author: Koon Yew Yin Publish date: Thu, 30 Jul 2020, 8:50 AM

Uncle has spoken...@38.88...No problem... slight hiccups...◉‿◉

tradeup2020 trailing PE only 50+, others already 70-80, still got legs. Abt 1-1.5 upside looks like.
30/07/2020 9:55 AM

Yup...^^^

Yu_and_Mee I only have 1,200 shares = 12 lot. I want this 12 lot to become RM100K, possible? Meams TG price should be at least RM84. Hahahahaa
29/07/2020 9:24 PM.

Hold for 1 year maybe...but many variables to assume...⊙﹏⊙

thomh4 Sold Supermax and bought more units this morning and afternoon shooting up wooohooo. MORE TO COME TOMORROW.. Next supermaNNN in the making.. The report cannot be a lied xD
29/07/2020 9:24 PM

Probably CAN...^^^

batman666 Geary, now also got angpow liao
29/07/2020 9:12 PM

My is small...I gong gong bought back later...January will be better...***

geary Predict_Future @geary, above 4.5 maybe ? HAHAHA end of this week 5.0 above !
21/07/2020 5:46 PM

My target was...@4.80...stsrt from 4th week of June...within 50 days...see how overall markets sentiments...◉‿◉
21/07/2020 6:01 PM

geary Sold...@4.80...Focus on Careplus n TopGlove...:-)
28/07/2020 1:15 PM

Within 1 month I sold...less than 50 days...Glove counters...^^^

yttihs @geary 8 weeks time, I happy with 14.00 already :)
29/07/2020 7:27 PM

｡◕‿◕｡...Hold until January, 2021...Angpau for CNY...◉‿◉

Ha... probably in 8 weeks time...TP...@38.80...◕‿◕｡

Ha...TP...@6.80...4th week of October...｡◕‿◕｡

pineapple123 tomorrow limit up to 3.80 ok bo
29/07/2020 4:29 PM

｡◕‿◕｡

PureBULL ... MGMT of TOPGLOV must quickly do these:
i. settle the import ban to USA even by fake it to make it asap
ii. set the ex date for 2:1 BI asap

JUST DO IT, tan.sri lim

Don't worry...we trust Uncle Lim...next week must be okay...few disruptions of sentiments only...◉‿◉

pineapple123 Hari ini tutup 3.50 baru cakap
29/07/2020 3:04 PM

Come on... Careplus...you must be selling at...75x PE by now...(・o・)

Lanesra geary,, if you see the video of George floyd.,.you know those white people are even more racist than us
29/07/2020 3:04 PM

katappa ang mo greatest hypocrite...ask them take back all their rubbished exported to the 3rd world...

lampa trying to champion green & human right
29/07/2020 3:05 PM

Yup...I saw the video...so disgusting n double standard...treat the blacks like animals...the treat their dogs better...Shit.

Send those toxic chemicals n wastes over to third world nation...n complaining of pollutions because we grow too many palm oils...destroying virgin forest...biased ideology.

Ha...Those not interested n believe those angmoh just sell...I Q at @24.00...till now cannot get. They want to buy Ansel gloves...anyway I bought Careplus also...Those angmoh always want to teach China n Asian how to behave...but they treat those Negroes n even Asiian living there n even Latinos like shit...so much racists n biased...they must look into the own faces first...Tired of listening to their beliefs n cultures...Not up to universal standard...ಠ︵ಠ

ttluck lesson learnt from Kossan...sold too early....miss my $$$$...now die die also hold tight tight....till RM8
29/07/2020 11:35 AM

Same like me...sold Rubberex...hold on to this... Patience...◉‿◉

Glovemakers raise ASP guidance as virus lingers
CORPORATE NEWS
Tuesday, 28 Jul 2020

In its research note yesterday, UOBKH pointed out that the likes of Top Glove Corp Bhd, Kossan Rubber Industries Bhd and Hartalega Holdings Bhd (Big-3) have revised upwards their ASP guidance for the months of August and September. It noted that Top Glove, in particular, had raised its spot sales mix to 20%-30% from 10%-15% previously.

PETALING JAYA: Amid the unabated concerns over the Covid-19 outbreak, major glovemakers have revised upwards their average selling price (ASP) guidance for the next two months.

However, industry spot sales ASPs remain unchanged at two to three times contract ASPs, UOB Kay Hian Research (UOBKH) noted.

“With the higher revisions and spot sales mix, we expect 2020 industry blended ASP to increase by 69% year-on-year (y-o-y) (versus 23% y-o-y previously), ” the brokerage said.

“Order visibility as reflected by delivery lead time is further extended to 540 days (from 300 days in June). Contracted capacity for the second half of 2021 is almost secured. This suggests new orders being placed may only be received in 2022, ” it added.

In its research note yesterday, UOBKH pointed out that the likes of Top Glove Corp Bhd, Kossan Rubber Industries Bhd and Hartalega Holdings Bhd (Big-3) have revised upwards their ASP guidance for the months of August and September. It noted that Top Glove, in particular, had raised its spot sales mix to 20%-30% from 10%-15% previously.

Kossan, on the other hand, had accelerated its capacity addition for 2021 to 35.4 billion pieces per annum, up 10.4% y-o-y.

“Apart from that, Kossan and Supermax Corp Bhd appear to be on track to be included in the FBM KLCI as a component stock during the November 2020 review. The MSCI review in August is likely to see higher weightage for glove manufacturers as well, ” UOBKH said.Meanwhile, the brokerage noted that while the discovery of a preventive vaccine against Covid-19 could dent investor sentiment towards glovemakers, such a development would unlikely have an immediate impact on glove demand and subsequently the ASPs.

It added that a kneejerk selling in glove stocks could represent an opportune entry for for investors.

UOBKH has maintained an overweight stance on the glove sector, with Top Glove as its top sector pick.

“We like it for its increasing allocation to spot sales mix coupled with above-industry expansion growth. We also like Kossan as the company, a laggard, is playing catch-up with its peers in its ASP pricing, and has unveiled plans to accelerate capacity expansion, and is on track to being included in the FBM KLCI as a constituent stock, ” it explained.

It has maintained a hold call for Hartalega, with a target price of RM19.50. Its target price for Top Glove stood at RM36.90 and for Kossan it was RM19.40.“Our normalised valuations based on 2022 suggest there is support to existing valuations. Hence, the reward-to-risk trade-off still appears attractive to us at this juncture, ” UOBKH said.

Factoring in the recent ASP guidance, higher spot sales mix and accelerated capacity addition, UOBKH said it expects peak earnings to grow 850% against 2019. In addition, it noted its earnings estimated for the sector are 80% above consensus estimates, leaving ample positive surprises over the few quarters ahead.

Elevated Demand for Glove.

Globally, it was reported today that nations in Asia imposed new restrictions while an abrupt British quarantine on travellers from Spain threw Europe's summer reopening into disarray, as the world confronted the prospect of a second wave of Covid-19 infections.

It was reported that in the US, which is still dealing with its first wave as infection rates have climbed since June, President Donald Trump's national security adviser Robert O'Brien became the most senior official to test positive. The White House said Trump had not interacted with him in days and was not at risk.

"Surges were reported in several countries that previously appeared to have the virus under control. Australia recorded a record daily rise. Vietnam was forcing tens of thousands of tourists to evacuate the central city of Danang. Mainland China, where the virus first emerged late last year, confirmed the most locally transmitted cases since early March.

"Hong Kong banned gatherings of more than two people, closed restaurant dining and made face masks mandatory in public. A surge of new infections in Spain, another early epicentre of the pandemic, prompted Britain on Saturday to order all travellers from there to quarantine for two weeks, undoing months of preparation for Europe's reopening to tourism," Reuters reported.

Bloomberg, quoting UBS Group analysts Nicole Goh and Joseph Koh as writing in a note, reported on Monday (July 27) that Southeast Asian glove makers have the ability to raise average selling prices by 15% to 70% in the third quarter of 2020 due to elevated demand.

"Hospitals also expect prices (for gloves) to be 25% higher year-on-year in the upcoming month.

"UBS maintains neutral rating on Top Glove. Sees strong near-term earnings momentum, though tight raw-material supply and new capacity could impact long-term margins," Bloomberg reported.

KUALA LUMPUR (July 28): Ahead of the mandatory requirement for Malaysians to wear face masks effective Aug 1, manufacturers and industry leaders remain confident that they would be able to meet an anticipated soaring demand.

Federation of Malaysian Manufacturers president Tan Sri Soh Thian Lai said the industry has adequate capacity, while some companies have built up stocks.

"There are companies that have expressed interest to venture into face mask manufacturing. So, there should be no issue of insufficient supply,” he told Bernama.

The Domestic Trade and Consumer Affairs Ministry last week told the Dewan Rakyat that there was sufficient supply of face masks, based on its monitoring and surveillance on production and distribution and supported by import.

Top Glove Corporation Bhd, for example, has three machines which are already fully operational with a total capacity of 8.8 million pieces of face mask per month.

Its executive chairman Tan Sri Lim Wee Chai said the world’s largest glove maker started producing face masks in June and manufacturing mainly for internal consumption.

"To ensure our internal supply of raw materials is sufficient, we source from several suppliers. We also have enough land and space for capacity expansion," he said.

Nevertheless, he said there could be a shortage arising from urgent buying at the initial stage of the directive for the public to wear face masks in crowded public places and public transport.

Senior Minister (Security Cluster) Datuk Seri Ismail Sabri Yaakob said the ruling was made following the increase in positive Covid-19 cases and lower compliance to standard operating procedures among the public.

"If this happens, it will be temporary and for the immediate term only.

"With e-commerce, face masks are widely available online and countries such as China will have sufficient supply to cater to any surge in demand," Lim said, adding that the government was also limiting the export of face masks.

On product accreditation from the Medical Device Authority Malaysia, in accordance with the Medical Device Act, he said it takes time particularly for new manufacturers to register with the body as this requires ISO 13485 certification.

"It is important to bear in mind that in addition to wearing a face mask, there is a need to also ensure the masks are worn correctly and disposed of safely, and to continue practising social distancing as well as washing hands frequently and properly," he said.

Last month, experts from the Association of Malaysian Medical Industries and Malaysian Pharmaceutical Society suggested that face masks available in the market should be properly graded and meet the necessary standards to provide protection from Covid-19.

In terms of offering protection from Covid-19, Lim explained that face mask performance is mainly determined by Bacterial Filtration Efficiency (BFE) and Sub-micron Particulate Filtration Efficiency (PFE); the higher the BFE and PFE, the better its performance.

"BFE and PFE for Top Glove’s face masks (Top Mask) is above 95%,” he said.

He cautioned that some face masks may have a high degree of BFE and PFE but do not meet the medical grade standard as they are unable to comply with other parameters such as differential pressure, flammability or splash resistance test.

"We recommend that Malaysia considers developing a standard set of requirements for face masks to ensure consistently good product quality and performance, and setting up more accredited face mask testing facilities," he said.

yttihs @geary yup. i suggest walking. If you like morning walk, Taman Tun nice place.
28/07/2020 3:42 PM

I injured... Careplus n TopGlove also slight injuries...(. ❛ ᴗ ❛.)

yttihs @geary ah jogging is another thing. If you have duck feet, jogging will cause knee problem.
28/07/2020 3:34 PM

Thanks...u are wise...I try few times...quite okay...even go up small mountain...should be okay...but not too strenuous...I will rest n walk...◉‿◉

yttihs @geary depending on the source of the problem. If age is the cause, I suggest find another game. Because badminton at old age, will make the knee worse. In the end, have to go operation. Same goes for basketball.
28/07/2020 3:30 PM

Yup...getting older...now I start to go slow jogging in the evening...no more strenuous exercise...◉‿◉

yttihs @geary if you got knee problem at badminton means you should be around 30 years old liao. OR you are just big size and very clumsy hahaha.

Ya...getting fatter n clumsy...◉‿◉

yttihs @geary see...haha. I know one. I old sage. Got alot of wisdom. Hahaha.
Joking only.
28/07/2020 3:19 PM

Just Hold... TopGlove...now resting like me ..◉‿◉

yttihs @geary it's either basketball or badminton loh.
28/07/2020 3:17 PM

Badminton...◉‿◉

yttihs @geary now only show up meh
28/07/2020 3:08 PM

See doctor...injured my left knee...sprains...walk slowly like TopGlove...◉‿◉

Uncle KYY
"Top Glove being the biggest glove maker in the world can easily take advantage of this captive market situation.

Only smart investors and well-informed Investment Bankers would buy Top Glove because they know Top Glove will soon announce unprecedented profit in the Glove Industry history."