smallkid91 (◉‿◉)
^^^^^^^^

@geary reminds me of that cimb octopus mascot.
24/07/2020 2:19 PM

sunra88 Trade war if cannot source gloves from china will need to buy from who?
24/07/2020 2:20 PM

smallkid91 ~~~
~~~~

(◉‿◉)
^^^^^^^^
~~
~ ~
24/07/2020 2:20 PM

◉‿◉｡◕‿◕｡ʘ‿ʘ

Cannot buy from China companies...aiyoo...buy from TopGlove lah...the most famous gloves company in the world...ʘ‿ʘ

China’s Foreign Ministry announced Friday that it is revoking the license for the U.S. consulate general in the southwestern Chinese city of Chengdu.
The Chengdu consular district covers the controversial autonomous region of Tibet, the municipality of Chongqing, and the provinces of Sichuan, Yunnan and Guizhou, according to the consulate’s website.
The announcement comes after the U.S. ordered China to close its consulate in Houston, citing efforts to protect American intellectual property and the private information of its citizens.

Geopolitical tension...Slight negative sentiment...This is how Mr. Market lives his life all the time...he don't care...but do u care...n in which way u think it can benefit U...◉‿◉

sampooler lanikai.. u are right... hold until 22/23, price will be rm2.5

Upside will be huge by then...Maybe...@7.00...◉‿◉

KUALA LUMPUR (July 23): Top Glove Corp Bhd is now second only to Malayan Banking Bhd (Maybank) in terms of market capitalisation (cap).

At today's close, the country's largest banking group has a market cap of RM88.58 billion.

At its market cap of RM70.45 billion, Top Glove has surpassed Public Bank Bhd (valued at RM69.57 billion) and Tenaga Nasional Bhd (RM64.69 billion) by a margin of RM1 billion.


Top Glove was again the top gainer on Bursa Malaysia today, closing RM1.42 or 5.75% higher at its record high of RM26.12.

Despite logging a 455% gain year-to-date, the bullish sentiment among analysts covering Top Glove remains unfettered.

Of the gloves' bull, Affin Hwang Capital Research analyst Ng Chi Hoong earlier this week raised his target price for Top Glove from RM22.40 to RM46.40, hinging on a price-earnings ratio (PER) of 30 times on forecast earnings.

Notably, if Top Glove's shares reach RM46.40 apiece, this would mean that its market cap will reach RM125 billion, surpassing that of Maybank by a comfortable 40% margin.

Ng even thinks investors may ascribe a higher valuation due to its strong earnings growth outlook and ponders the possibility of Top Glove breaching RM100 per share should investors peg a PER of 52 times to it, similar to Hartalega's valuation.

If Top Glove were to trade at RM100 apiece, this would mean its market cap will reach a whopping RM269 billion. In fact, there has not been any Malaysian-listed company reaching the RM150 billion mark.

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% month-on-month increment, given the strong surge in glove demand.

"If selling prices were to increase by 8-10% month-on-month each month in FY21E, our earnings forecasts would be uplifted between 24%-42%," he said, adding that Top Glove could see direct earnings improvement due to operating leverage as cost does not increase in tandem with increase in ASP.

In terms of the tampering from US Customs and Border Protection detention order, Ng thinks the impact on Top Glove's earnings is manageable at around 5% to 6%.

Ng also believes that should any unfavourable circumstances transpire, Top Glove could reroute its orders for the US to other countries at spot prices, and that could in fact pose better margin for the glove maker as spot prices are generally higher by about 5%.

Upswing...5%...!!!

mbge7clt normally drop more after ex, maybe better strategy sell before ex and buy back lower after that.
23/07/2020 11:17 PM

Not really...Pentamaster was a good example...consolidating...then retrace...then some will buy back...provided company has strong history of earnings growth...it's a growth stock...good management that will return extra profits to shareholders...past, present n future...it will rebound...but won't take more than 200 days...for such a excellent company like...TopGlove...!!!

https://www.channelnewsasia.com/news/world/covid-19-vaccine-us-china-trump-12951908

myongcc5 50 is very possible given the lead time n ASP.
JUST HV TO B PATIENCE
23/07/2020 8:35 PM

Topglove n Supermax...#ASP margin up...@100%...Hartalega...maintaining...#Kossan...Rubberex...n probably Comfort up...@50%...All gloves Sales probably up...@50%...Sales n margin up...Profit sure up lah...Just buy n Hold...Sales n margin down...Sell...Very simple lah...investing so...headache meh...!!!

yingzhe17 All retirement funds in here. Time to pull out tomorrow to lock profit.
23/07/2020 7:58 PM

ಠ︵ಠ

stevenckheng next is who ? who is number 1 ? NESTLE?

Aiyoo...Of course it's...Maybank... TopGlove...above...RM30.00...No. 1...by next week...provided Maybank never limit up...◉‿◉

Top Glove Corp. has vaulted past Public Bank Bhd. to become the second most valuable stock on Malaysia’s equities benchmark, capping a dizzying rally by the rubber glove maker.

Shares of Top Glove, which ranked near the bottom of the FTSE Bursa Malaysia KLCI Index at the start of the year, closed Thursday with a market value of 70.4 billion ringgit ($16.5 billion), exceeding Public Bank’s 69.5 billion ringgit. The astonishing surge in Top Glove’s shares has closed the 63 billion ringgit gap at the beginning of 2020 between its market capitalization and that of Public Bank, the nation’s third largest lender by assets.

Bloomberg.

BEIJING: A coronavirus vaccine candidate developed by China National Pharmaceutical Group (Sinopharm) could be ready for public use by the end of this year, state media reported on Wednesday, ahead of a previous expectation it may become available in 2021.

Sinopharm Chairman Liu Jingzhen told state broadcaster CCTV the company expects to finish late-stage human testing within about three months.

Sinopharm's unit China National Biotec Group (CNBG), which is responsible for two coronavirus vaccine projects, said in June the shot may not be ready until at least 2021 as a lack of new infections in China made it difficult to find people to test it on.

But China has since found alternative trial sites abroad, overcoming some of the obstacles it faces in the global race to produce a vaccine to fight a pandemic that has killed over 600,000 people globally.

READ: China's Sinopharm begins late stage trial of COVID-19 vaccine in Abu Dhabi
Sinopharm's experimental shot has entered a Phase III trial involving around 15,000 participants and two vaccine strains in the United Arab Emirates.

Another potential vaccine, developed by Chinese firm Sinovac Biotech using a similar technology, has also been given to participants in a Phase III trial in Brazil.

A vaccine candidate developed by CanSino Biologics and China's military research unit, which appears to be safe and induced immune responses in most subjects in a closely-watched mid-stage study, is also looking for opportunities to run a Phase III trial outside China.

amateurJR Cant wait for tomorrow show. RM35 before bonus issue
23/07/2020 5:30 PM

Tomorrow us Friday...other counters depend on news n some FA...3 days no more shows...But for gloves counters at present scenarios...very hard to predict...n also some tech stocks...!!!

ChloeTai Welcome back to all vaccines investors. Hope that Pharma and Dpharma make money, here gloves make more money.
23/07/2020 5:20 PM

The more the merrier...Actually we can learn some IQ n lot of psychological sentiments or EQ of many traders n investors...learn from mistakes...n be a more productive traders or investors...!!!

Sold all...!!!

Alibaba Topglove overtook PB Bank today in market cap. Congratulation !

Next to overtake will be Maybank...Very Soon...!!!

yttihs 26 is nice. However, we have been here before.

The real challenge is 27. We have never been there.

So, we can champaigne if we are there. Right, now Starbucks only

Hahaha...my aim are...@62 n @72...hehehe...!!!

geary haha1234 pharma and dpharma is a total useless company compared to others around the world i can guarantee whoever go in now will burn their money that earn from glove into dust
23/07/2020 11:49 AM

As a middleman how much the profit margins...plus it's only in Malaysia's sales...n control by government policies n subsidies...then which countries want to buy from them...they aren't the producers...too much hype...(・o・)
23/07/2020 11:58 AM

Those who didnt take profit or sell Dpharma earlier...tomorrow is Friday...limit down again...up fast down also fast...as I said before some news...then 'goreng'...it won't last longer than gloves or some tech counters...the most three days...the musical stop...it's midnight...!!!

Up...｡◕‿◕｡

yttihs Performing CPR on Pharma...Doctor not yet pronounce dead...still got chance
23/07/2020 4:15 PM

◉‿◉｡◕‿◕｡ʘ‿ʘ

yttihs this morning TG is toe-to-toe with Pharma. Both +0.76.
suddenly, only TG left now.
that one went south already.
I hope not many ppl get burn.
Some IB got burned now. Still trying to revive.

｡◕‿◕｡

Up...ʘ‿ʘ

Sold All...one or two days show maybe...◉‿◉

Goldberg AFFIN HWANG raised TOPGLOV target price to RM46.40.

Reasonable target price...but hold how long...maybe 100 days...but 200 days can become...RM 58.00...◉‿◉

haha1234 pharma and dpharma is a total useless company compared to others around the world i can guarantee whoever go in now will burn their money that earn from glove into dust
23/07/2020 11:49 AM

As a middleman how much the profit margins...plus it's only in Malaysia's sales...n control by government policies n subsidies...then which countries want to buy from them...they aren't the producers...too much hype...(・o・)

Don't expect first COVID-19 vaccinations until early 2021: WHO expert
FILE PHOTO: Professor Gottfried Kremsner injects a vaccination against the coronavirus disease (COV
File photo of a person receiving a vaccination against COVID-19 from German biotechnology company CureVac. (Photo: Reuters)
23 Jul 2020 02:24AM
(Updated: 23 Jul 2020 10:17AM)

GENEVA: Researchers are making "good progress" in developing vaccines against COVID-19, with a handful in late-stage trials, but their first use cannot be expected until early 2021, a World Health Organization (WHO) expert said on Wednesday (Jul 22).

http://www.xinhuanet.com/english/2020-07/22/c_139232444.htm

JohnFarmer458 topglove unlikely to drop already, if january,february,march profit super high. i'd imagine Q2 april,may,june going to top Q1 profit by at least 3 times . then imagine topglove price will straight shoot to RM50 by that time too late to enter price wont go down anymore

Supermax above 10 baggers... TopGlove...sooner or later also 10 baggers...4th week of march below...@5.00. Probably in less than 2 years...20 baggers...if the demand for gloves still exceed supply...n net margins above average...15%...with 3 years average profit growth of above 50%...is possible...ʘ‿ʘ

AdamK733 there is no fundamental in Dpharma. Besides, they are just middleman selling vaccine. Want goreng also, goreng something with fundamental, at least it drop to a comfortable based.

Yup...Just wait within100 days...Q results will be phenomenal growth of Profit...◉‿◉

yingzhe17 Goreng goreng to 30. Faster please

TG...@48.00...within 200 days...!!!

SYDNEY/LONDON: Global coronavirus infections surged past 15 million on Wednesday, according to a Reuters tally, with the pandemic gathering pace even as countries remain divided in their response to the crisis.

In the United States, which has the highest number of cases in the world with 3.91 million infections, President Donald Trump warned: "It will probably, unfortunately, get worse before it gets better."

The top five countries with the most cases is rounded out by Brazil, India, Russia and South Africa. But, the Reuters tally shows the disease is accelerating the fastest in the Americas, which account for more than half the world's infections and half its deaths.

Globally, the rate of new infections shows no sign of slowing, according to the Reuters tally, based on official reports.

After the first COVID-19 case was reported in Wuhan, China, in early January, it took about 15 weeks to reach 2 million cases. By contrast, it took just eight days to climb above 15 million from the 13 million reached on July 13.

Health experts stress that official data almost certainly underreports both infections and deaths, particularly in countries with limited testing capacity.

The official number of coronavirus cases at 15,009,213 is at least triple the number of severe influenza illnesses recorded annually, according to World Health Organization data, while the death toll of more than 616,000 in seven months is close to the upper range of yearly influenza deaths.

RELAX OR TIGHTEN

With the first wave of the virus still to peak in several countries and a resurgence of case numbers in others, some countries are reintroducing strict social distancing measures while others relax restrictions.

Stung by low approval ratings for his handling of the epidemic and downplaying the risks during the early stages, Trump made a significant shift in rhetoric on Tuesday, encouraging Americans to wear a face mask.

While the epidemic worsened in the United States, Trump's focus ahead of a presidential election in November has been on reopening the economy, and governors in the hard-hit states of Texas, Florida and Georgia continue to push back hard against calls for stricter restrictions.

In Brazil, more than 2.15 million people have tested positive including President Jair Bolsonaro, and more than 81,000 people have died. While Bolsonaro has played down the outbreak, its scale has made Brazil a prime testing ground for potential vaccines.

India, the only other country with more than 1 million cases, reported almost 40,000 new cases on Wednesday. Having been keen to reopen its economy, India is now facing the twin challenge of combating the pandemic and massive flooding in the country's northeast.

Two ministers in South Africa's cabinet were admitted to hospital with COVID-19, as Africa's most-industrialised country counted a total 372,628 confirmed cases and 5,173 deaths.

Other countries are reintroducing restrictions in response to fresh outbreaks.

In Spain, the number of people allowed on Barcelona's beaches was limited after crowds flocked to the seaside over the weekend despite advice to stay home.

In Australia, residents of Melbourne, the country's second biggest city, were ordered to wear masks in public from Wednesday after the country reported a record 501 new cases.

Officials in Canada were closely watching a spike in cases as the economy reopens, attributing the rise in part to large numbers of young people gathering in bars.

China, meanwhile, announced that passengers on inbound flights must provide negative COVID-19 test results before boarding, as authorities seek to reduce the risk of imported cases amid increased international travel. - Reuters

https://mainlymiles.com/2020/07/22/scoot-ramps-up-to-11-routes-in-august-2020/

https://www.scmp.com/week-asia/politics/article/3094136/malaysia-takes-swing-us-ban-rubber-glove-maker-top-glove

https://themalaysianreserve.com/2020/07/22/top-glove-hartalega-could-be-bursas-new-behemoths-say-analysts/

New Covid-19 mutation 'helping outbreaks spread faster around the world'
share.

Professor Nick Loman of the University of Birmingham, who is part of the Covid-19 Genomics Consortium, said the new strand of the virus, known as D614G, is now the most dominant mutation globally
Professor Nick Loman of the University of Birmingham, who is part of the Covid-19 Genomics Consortium, said the new strand of the virus, known as D614G, is now the most dominant mutation globally.

CREDIT: AFP. Jack Hardy

Noobie33 Wow, Geary, the origin of this news pls ? From which newsportal pls ?

Let the scientists investigate...so many fake news nowadays...!!!

https://www.globaltimes.cn/content/1189967.shtml

https://www.independent.co.uk/news/world/americas/virus-biological-us-army-weapons-fort-detrick-leak-ebola-anthrax-smallpox-ricin-a9042641.html

https://www.politico.com/magazine/story/2019/09/15/cia-fort-detrick-stephen-kinzer-228109

*SHOCKING*⤵️News.

*Japan's professor of Physiology & Medicine, Professor Dr Tasuku Honjo, created a sensation in front of the media today by saying that the corona virus is not natural.
* If it is natural, it wouldn’t have adversely affected entire world like this, as per nature. *
Temperature is different in different countries.
if it is natural, it would’ve adversely affected only those countries having same temperature as China. Instead, It is spreading in a country like Switzerland, in the same way it is spreading in the desert areas.
Whereas if it were natural, it would have spread in cold places, but died in hot places.
I have done 40 years of research on animals and viruses.
It is not natural.
It is manufactured and the virus is completely artificial.
I have come the conclusion that since USA has all the 5 strains mutating at the same time, and there are millions of infections with some around still not tested.
It is obvious, that the the huge number of death lends credibility to the CDC of America 's wrong classification of corona virus death in July to December 2019 to Flu diseases.
Also a reported leak and closure of Fort Detrick , and strange Coronavirus death spreading in Italy and Iran in November, even before the Wuhan outbreak , lend credibility to the early outbreak from America.
I can now said with confidence USA is the source of the original outbreak.

https://en.m.wikipedia.org/wiki/Tasuku_Honjo

Made in USA... Covid-19.
https://www.globaltimes.cn/content/1182694.shtml

BabyAce KYY angry you people heart not steady...haha
22/07/2020 6:54 PM

Steady lah...@100 days TP...@38.00...◉‿◉

yttihs You talk so much about pharma also no use. I no money already. You tell me sell TG, no way man.
22/07/2020 1:02 PM

Hahaha...!!!

pete11 no worries. limit up the other side for something did not exist. their hype cannot last. vaccine is very very remote from reality. massive sell off over there later and move back to glove
22/07/2020 11:42 AM

Government don't allow vaccine to be sold at too high profit margin n it's one year or few years one shot...,,◉‿◉

yttihs Nice geary! Hope you make alot of money, ok?
22/07/2020 11:41 AM

I Gong Gong bought back again...Sold too fast at...@10.50...anyway got profit from other counter like Dpharma n comfort...◉‿◉

yttihs Look at the chart:

11:23am 24.52 1465
11.29am 24.34 338
11.31am 24.40 1528

Ya...bought some at...@24.40...◉‿◉

My Bets: Watch out for another rotation plays in pushing glove makers. BUY ON DIPS for potential another 15%-20% gains.

Huat Huat AAARRRR!! Happy Trading and Stay Cool!!
22/07/2020 7:34 AM

Power...◉‿◉

Since Kyy has sold all Comfort gloves can consider switching to a new hidden gem

Did Uncle KYY article said he sold all...maybe sold some on margin or pledge securities...,,◉‿◉

calvintaneng Hi guys

Since Kyy has sold all Comfort gloves can consider switching to a new hidden gem

Hahaha...hidden gem...already known quite some time highest was around...@1.00...pribsbly beliw...@0.60...can consider to swing trade...,,◉‿◉

May Chua Oh no...here comes the false prophet..beware!
22/07/2020 12:28 AM

Good morning...slight limit up today... unknown...long time already up...not 100% gloves company...HLT...plus liquidity...demand n bidding no so constant as other top gloves counters...◉‿◉

KUALA LUMPUR (July 21): The Ministry of Human Resources today confirmed that the headquarters of Top Glove Corp Bhd in Meru, Klang was raided by enforcement officials last Monday.

However, no offences involving elements of forced labour were found, the ministry said in a statement today.

It said the raid was carried out because the glove manufacturer had breached Movement Control Order rules and provided cramped quarters for foreign workers.

"This caused Top Glove to be compounded by the Ministry of Health and was issued a compliance notice by the Ministry of Housing and Local Government," the ministry said.

The raid, it said, was carried out by task forces for the Anti-Trafficking in Persons and Anti-Smuggling of Migrants Act 2007 and the Recovery Movement Control Order.

Top Glove recently confirmed that the US Customs and Border Protection (CBP) had placed a detention order on disposable gloves manufactured by two of the company's subsidiaries, namely Top Glove Sdn Bhd and TG Medical Sdn Bhd.

The group said there was a possibility this might be related to foreign labour issues and that it was reaching out to the CBP through the glove producer's office in the US besides the company's customers and consultants, to understand the issue better and work towards a speedy resolution to the matter within an estimated two weeks.

The ministry said it is aware of how the CBP detention order can affect the credibility and image of Malaysia as well as influence foreign investor confidence following the allegations of forced labour.

Human Resources Minister Datuk M Saravanan have met with Top Glove and other rubber industry players under the Malaysian Rubber Glove Manufacturers Association to seek clarification on the matter.

In a separate statement today, Top Glove said it was recently accorded an "A" rating during a social audit by Amfori, a leading global business association for open and sustainable trade.

The rating was awarded in a social audit conducted from May 23 to 26, as a result of Top Glove receiving 12 "very good" scores and one "good" score for a total of 13 performance areas assessed during the audit.

"The recent Amfori audit and earlier third-party audits, which garnered good ratings, provide independent verification that there is no element of forced labour in our manufacturing facilities," said William Yap, general manager of human resources at Top Glove.

Top Glove said it has continuously upheld good labour practices and complied with requirements of labour laws and best practices, while ensuring adequate measures are in place to protect the safety and well-being of its workforce.

"Since January 2019, Top Glove has attended to more than 100 external social audits of its factories, conducted by established international audit firms. In addition, Top Glove has proactively engaged with various organisations with a view to improve Top Glove's social compliance and performance," the company added.

All settled...Now all gloves counters rocketing...!!!