Post removed.Why?

As at the end of the reporting quarter, the Group had approved and contracted for capital expenditure amounting approximately to RM773 million.

available cash is RM1,004 million
=> left only RM231 million

if happened again a Gross Loss, TG has cash to last only 2 months looking at historical burn rate of 100 mil a month.

Guaranteed the Snaky Snake punya gaji will not be paid soon.

the alternative is to be a Chow Kah

not yet finished selling
the drop only comes after selling has been completed.

now its still
LHS to RHS
RHS to LHS

which fool want to sell cheap?

my old data was like this...

latex up 50%
butadiene fluctuate between up 200% to up 300%
compared to pre-covid

HR up RM300.00 (or RM600.00 if overtime) per mth
if no OT then RM3,600.00 per year

loan amortization say RM20,000.00 to RM40,000.00
amortized over 5 to 10 years means ~ RM4,000.00 per worker per year

4 inch mattresses and new housing ? ~ RM1,200 per worker per year

electricity up 18.4%

PPE ~ RM400.00 per worker per year

agree

Can I advise you something?
coz China 100% confirmed and maybe US will be self sufficient in Gloves

its downhill all the way for Top Gloves unless they invent a Time Travel Machine or something ...

nobody wants to sell at low price
the handwashing will continue until completely sold then jump off cliff
dun believe?
ask rr88 and many others with decades of experience

best just do momentum trading

if up just hold until next down 10% then sell
if down cut lost at 10%

Guaranteed profits this way and no need to bother about Snakes.

must ask the Snake whether the difference of 2 is due to Snaky billing by him to TG


sinojab

sales 1.46b
cost 1.48b
what a choke

5 minutes ago

thanks rr88


rr88

Bear trap. Cannot. Index will come down and cruise past 1500 without any resistance. Sell/stay away.

2 minutes ago

I am only curious about the Bankruptcy Snake punya FD interest this QR
Snake forgot to renew the FD interest.
Snake only renewed the Principal.

later Snake will be informed that the bank had just become a Swiss Bank
in Swiss Banks you no get interest ... you pay the bank interest instead...

you are supposed to set a cut loss at 10% to 25%
depending on your risk appetite

its a bit too late now, rite?

NatsukoMishima

Can anyone share your feeling if your entry price > rm 3 n still hold tg ?

10 minutes ago

thats why 15,000 workers
taking into account further drops

the current conditions requires 17,000 workers

you can only cut once
otherwise the drop in morale is a sure road to bankruptcy
many people make this mistake of continous cuts every month
sure die


jimjim111

more challenging ahead … minimum wage implementation, too much capacity, more competition and continuously lower and lower ASP, profit getting lower and lower per Q.

32 seconds ago

these are forensic results
its in the past

already die liao lah

Post removed.Why?

ini ACE counter punya results lah

how about a lickable and eatable condom?

matklse

TG will be the next big thing if they came out with durian flavor and texture condom.

1 second ago

someone is hoping those Ballot count centers will be flooded?

Sweetchocalates

Parliament will dissolve on 1st of sept and GE15 on 8/10. Rumours only. You know you know la

8 seconds ago

when it hits bottom, company goes bankrupt
why would anyone buy a bankrupt company?

its a Gross Loss
so Capacity Alteration to 15,000 workers is critical to short and long term profitability.

otherwise sure Top Glove hugs 22,000 workers to bankruptcy.

if you did not see Elvis at Lorong Haji Taib
or see Martians at Putrajaya,
its confirmed you are not the right type of person to see or hear Ekovest news

its invisible news
if you are not the right person you cannot hear the news or see the news.

coffee and cake at Harrods been RM150.00 for years
zero inflation
the Rakyat are all liars



BobAxelrod

Yeah, the same Gobermen that kept saying Inflation rate is at 2.2 to 3% only lah......

They have never gone marketing or shopping for groceries......Even their roti canai has price increased....maybe their driver paid for drinks.

18 minutes ago

no worries
I have full confidence that MOF will agree to send out Free Money to oil rich Middle East Countries via loss making contracts.

I suspect some people might not agree with me.


BobAxelrod

Today is last hour already. Tomorrow is 10th June....still no noise from MOF....keep your pants on...don't hold your breath......hahahaha

10 minutes ago

I dun agree,
the Snake is just a floor sweeper and rubbish worker working outside the KFC outlet coz Outlet Manager dun allow him to go inside,
too dirty and smelly to work inside outlet, will scare away customers.

Buy Sapura shares with confidence

I will propose to Gobermen to shut down Kebajikan and give the Free Money to Sapura.

Personally I do not see anything wrong in shutting down Kebajikan Ministry campak out orphans and old folks and force them to live on the streets and give the money to oil rich Middle East countries.

I suspect some people might not agree with me.

Personally I do not see anything wrong in poor Malaysians giving Free Money to oil rich Middle East countries via loss making contracts.

I suspect some people might not agree with me.

last chance to buy Top Glove before it drops below RM1.00 per share

on paper, its 2 sen NTA, in reality, there is nothing left.

any debt papers that creditor gets is just promises that future generations of stupieeed Malaysians slaves will give free money to such creditors for next few hundred years.

Post removed.Why?

Post removed.Why?

Post removed.Why?

Welcome to the world of Bankruptcy (never drop below 1.50) Snake

means Top Glove shares only worth RM0.24 each
long way to drop.


Havefun

Based on last quarter EPS of 1.09c, annual EPS about 4.36c, PE now is about 28 that is provided it profitablity stays as it is not affected by other factors like prosperity tax

1 hour ago

new MD
dunno wat he will do
whether red or not ... no one knows

say if new MD wanna restructure to 15,000 workers,
the required processing time to identify and execute for a company the size of TG is normally 2 weeks to 1 month time.
so TG could be fairly profitable from August 2022 onwards


only thing is,
if nothing is done
and new MD just pocket salary, smile, smile, wink, wink.
then of course all QRs could be red due to deteriorating ASP
and existing down trend of orders.

(ASP and orders size could change depending on covid variants)

The 15,000 workers data is all public knowledge
except that such public data means nothing to you due to your own level of inexperience.
I expect many other people hold the same opinion as me too.

Even if you are on the inside and can see everything,
you will see nothing if you dun know anything at all,
just empty space between your ears.

I have seen it happen many many times to many many different companies
most management dun have the necessary experience and background to deal with such strange situations.

=> For companies like Top Glove if no action is taken,
just small blink one eye, you lost RM20 million.

=> procrastination and hope ... ... large blink one eye
and results in RM240 million just gone

=> 4 more large blinks and RM1 Billion is gone.

thats how companies goes bankrupt.

in fact,
Top Glove is already too late in taking action,
many many small blinks had passed by (you did not notice only)
and
nothing had been done except for removing water meter.
(small savings only still bankruptcy)

:)

the only certain thing is that nothing is certain.
monkey pox coming through of course nobody wishes it, its regretable.

management of company its all 100% EGO
best solution is to downsize which I doubt will happen due to 100% EGO

chop chop chop
downsize
Guaranteed Top Glove will survive

but its all 100% EGO
most management prefer to bankrupt the company rather than downsize.
This makes sense to EGO talking.

Top Glove requires something like only 15,000 workers rather than 22,000
management will prefer to hug those 22,000 workers to bankruptcy.

sell on news mah

thats why price down loh

post covid, Top Glove ended up the weakest of all the Gloves

on a Case Study basis
Top Glove fatal mistake include but not limited to: -
Share Buyback
Large Dividends
Loan Repayment to get CBP ban lifted
Expansion of Living Quarters for workers due to media pressure
Line modernization/expansion of much more than RM1.3 Billion last 2 QRs
Continued over-reliance on labor cf other Gloves


if you are a Glove Lover,
Supermax despite its small size looks like the strongest,
Harta should survive too.

Yes

Gloves are not comparable
Harta has got circa 8,550 to 9,000 employees max
cf
Top Glove has got 22,000 employees

sinojab

hello i3 lucker
just checking with u
yr 1st DC mean RevenueDn + asp down?
yr 2nd DC refers OHexpenses up + cost of goods up?

41.5 looks like breaking

Thanks rr88

Posted by rr88 > 5 hours ago | Report Abuse

Told u dy. 4 to 8 back to 4 and swallowed 50% of yr money in the process. Later will go to zero n you underwear also gone.

Quickly tutup kedai n get it over with. Pnb can write this off. Small % investment only for them.

one thing is certain
never be an arse_hole feller looking backwards at own arse, sure die one.

shares are forward looking
once government announce minimum wage, we can amend the excel spreadsheets ie profit forecasts.

in Top Glove case, the excel spreadsheets say its a loss forecast in the future.
applying future events to the arse always gets it wrong

untrue is also true
true is also untrue

really kindergarden feller
when did the minimum wage start?

you will never cease to be amazed by the stupieeedity of men.

when Sales units and value drops together its a double compression

when expense units and value increases together its a double compression

the combined effects are called a Quadruple Compression.

The odds of survival for Companies experiencing a Quadruple Compression case are very low.
=> very few companies survive,
thats why Bankruptcy Snake is here to oversee the bankruptcy of Top Glove.

when you see Bankruptcy Snake, there is no hope left.

by left, when grown ups start playing with water meters, you should be worried.

by right, only babies play with water.

sure Loss case for post covid results

additional RM300 million of expense items

thats way before ... ... ...
before ASP drop
before units drop

even additional depreciation is more than RM60 million per year

by right there should be impairment of assets
by left its ?????

like I said "Copy Phrase" is the new cocaine

in Serba forum conmen kept on saying Karim is buying

Snake has a way better track record than Lady Ramunia in Serba and look what happened to Serba... ...

hmmm
I expect US authorities might take action and make arrests for sanctions evasions and oil remains $120

or

they might not and oil drops sharply to $60.00

or anywhere in between $60 to $120

its difficult
coz those oil Supertankers landing in New York and New Jersey originate from India who bought up all of Russian production for resale to US markets.