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2021-02-02 08:46 | Report Abuse
Defend the share? How much money they got to defend? They think they’re funds ah?
2021-02-02 08:45 | Report Abuse
Some people chase high and kena burn. Pity those people. Those people in telegram group is worse than IBs. At least IBs face to face attach you. Those people cucuk belakang.
2021-01-31 17:09 | Report Abuse
Cannot believe people still shouting for RM30. Hahaha
Haven’t wake up yet
2021-01-31 11:49 | Report Abuse
Wow dialog come topglove? Our funds keep on snap up dialog shares recently.
2021-01-31 11:20 | Report Abuse
Many people still don’t understand how the market works. Market love surprises. Obviously supermax is having a slower increase rate of net profit qoq as compare to few quarters back. Even next qr still increase but the percentage of increase will be lower.
At one point it will reach a peak and stable. Then will drop abit. Which mean earning already stabilize. In other words no surprise for market already. Same like telcos.
Why supermax price can increase that much last year? Because supermax qoq increase is the highest in the past. From 70mil to 400mil. That’s almost 6x qoq. Now only 30% increase qoq.
Some people already calculated next qr profit already. So we already know roughly where it stands. Meaning no surprise.
2021-01-31 11:13 | Report Abuse
Many people still don’t understand how the market works. Market love surprises. Obviously supermax is having a slower increase rate of net profit qoq as compare to few quarters back. Even next qr still increase but the percentage of increase will be lower.
At one point it will reach a peak and stable. Then will drop abit. Which mean earning already stabilize. In other words no surprise for market already. Same like telcos.
Why supermax price can increase that much last year? Because supermax qoq increase is the highest in the past. From 70mil to 400mil. That’s almost 6x qoq. Now only 30% increase qoq.
Some people already calculated next qr profit already. So we already know roughly where it stands. Meaning no surprise.
2021-01-31 10:33 | Report Abuse
Everyone buy 3000shares? How many of you? 42k of you in the telegram group. 42000 x 3k shares = 126million shares = RM860million.
This is roughly the amount tan Sri spent to buy back his shares everyday for one month. Tan Sri also buy and never sell. Yet the price still dropping.
That is one person. 42000 people inside you think everyone also won’t sell? Don’t be so naive la.
2021-01-31 09:35 | Report Abuse
If glove diversify into technologies, you really need to think whether still can invest in this glove company or not.
A well established company will not diversify into a totally different field. Notion is a good example. Ems, tech doing well but you look at notion share price.
2021-01-31 09:27 | Report Abuse
That’s because tech is the future. Glove is not the future. Only during pandemic. Plus ASP starting to more stabilize. Did not increase as much as before.
Look at supermax profit. 400mil to 790 mil is almost 100% increase qoq. 790mil to 1b is only 30% increase qoq. Percentage increase is slowing down
2021-01-31 09:16 | Report Abuse
You push higher, they’ll short at higher price haha
2021-01-30 21:51 | Report Abuse
Tan Sri used to buy RM70 million worth of shares everyday for almost a month. That time topglove was around RM7 something if not mistaken. Yet topglove share price still drop to RM6. Why is that so? That time RSS is not allowed. Meaning it’s genuine selling of shares. Think about it.
2021-01-30 21:49 | Report Abuse
Tan Sri used to buy RM70 million worth of shares everyday for almost a month. That time topglove was around RM7 something if not mistaken. Yet topglove share price still drop to RM6. Why is that so? Think about it.
2021-01-30 18:11 | Report Abuse
Anyone can venture into a glove business if you can have the money. But can you create a premium smartphone brand? Or can you create a search engine to compete with google?
Which company has higher barrier of entry?
2021-01-30 18:10 | Report Abuse
Apple and google consider a non cyclical business. Covid or no covid their products are still selling good. Apple products still so expensive compare to other brands.
Gloves is a cyclical business. Demand will eventually come down. This is the difference
2021-01-30 13:03 | Report Abuse
It’s not about money. It’s the kind of exposure you’ll get. You can just work few years and quit. Inside IB there are many people who are rich. But they still work in the office. I’m saying AVP position and above.
2021-01-30 12:58 | Report Abuse
@treaurehunt, if you’re good. Try apply to work in IB. You’ll get different experience and exposure. Move out of retailer mindset
2021-01-30 12:57 | Report Abuse
Wow the haters who use people Mum come out already. Can even do English grammar properly. Poor people mindset
2021-01-30 12:51 | Report Abuse
If it’s so easy why don’t you try apply to work in IB and become chartist
2021-01-30 12:44 | Report Abuse
@mita, obviously you have no IB experience and full of retailer mindset. One shot sell all holdings? No funds will do it like this. You see EPF also trim abit every day.
@treasurehunt, it’s when no people want it you pick up the share. Not everyone chase chase and chase only you buy. Topglove was at uptrend few months back. What happened? Now is downtrend.
2021-01-30 12:36 | Report Abuse
We will move more funds to banking and gaming sectors.
2021-01-30 12:33 | Report Abuse
Yeap, I work for a local IB. We will sell our topglove holdings when retailers push it higher. We will trim stake in glove makers.
2021-01-30 12:29 | Report Abuse
Everyday up 3-5%? Haha
You need to make sure not much selling then. Above RM7, many funds will be selling. Plus short sellers will short at that price
2021-01-30 12:12 | Report Abuse
Profit increase also no use. Because the percentage of increase is reducing.
1) You earn 1million, next qr you earn 2million.
2) you earn 10million, next qr you earn 11million.
Which share will shoot up faster? Of course is share 1. Because of the exponential growth. Supermax exponential growth period is over. So forget about it. Don’t get too greedy. Supermax is at RM0.7 beginning of last year until now RM7. 10x increase still not enough?
2021-01-30 12:02 | Report Abuse
They’re having paper loss only. Haven’t close position. Anything can happen. Many funds going to offload topglove share next week.
As you can see supermax profit is not as explosive as before. Same goes to topglove.
2021-01-30 11:50 | Report Abuse
Everyone is imagining will win IBs haha
2021-01-30 11:39 | Report Abuse
That’s why majority retailers always lose. Keep day dreaming and don’t accept the fact
2021-01-30 11:39 | Report Abuse
Shorties wait you all push up gao gao. Push to 7.5 or 8 la. Come lo.
After that those fund managers pakat to sell shares all the way down. At the same time they short sell also. All the retailers trap at high floor. Hahaha
Really naive retailers. Only think about short sellers. Got think about those who has long positions? At RM8 they’ll offload the shares
2021-01-30 11:24 | Report Abuse
Those people in the group. Says want to queue up 50cents every day. So the price will be 8.5 on Friday.
So easy to push up to 8.5? How much money you all have? Really kaki Kong kaki song. Syok sendiri and day dreaming
2021-01-30 10:19 | Report Abuse
Malaysians are very naive. Everything also want to learn from Overseas but didn’t access whether they can do it or not
2021-01-30 10:18 | Report Abuse
How easy it is? Haha
Wow I never knew it is so easy to push up a 50b company. Maybe Malaysia retailers can do it. Or they’re just day dreaming.
2021-01-30 08:37 | Report Abuse
As some of you mentioned, the awareness increased in this pandemic thus gov want locally produced gloves.
Which makes me think this is just an emergency plan. When days back to normal people will source for cheaper gloves which comes from Malaysia, Thailand. Whereas gloves made in US or UK, of course there will be buyers. Most likely will be gov agencies which wanted to support back their own country. But is the quantity as big as the whole nation?
Business or people in US and UK most likely will not source for gloves made in their country. End of the day it’s still because of the word ‘pricing’. They have to be cost conscious. Gloves made in their country will be selling at much higher price due to high cost of producing.
How long left for this pandemic to go? Can it last 5years? Or 10 years?
2021-01-29 23:00 | Report Abuse
@pharker, now we talking about business leh. You talking about goodwill? Hahaha
Look at america MNCs. FAANG especially. How much money they park offshore to avoid tax? Is there any goodwill?
Apple all produce in China. Why? Because of cheap labor to reduce cost. You might as well tell Tim Cook to produce in Bangladesh for cheapest labor.
2021-01-29 22:45 | Report Abuse
It doesn’t involve highly skilled workers.
2021-01-29 22:45 | Report Abuse
Ya lor. Because US got no option Ma. Who can produce in 3nm? TSMC can ma. That’s why I called it high tech manufacturing.
Gloves leh? Aiya, mahsing notion also can produce lo. This is a low tech manufacturing la
2021-01-29 22:42 | Report Abuse
Hahahaha, save transportation cost?? You’re paying over 4x wages dude by setting up a factory there. With lower productivity. Think both ways la.
If that’s the case, why Apple want to made in China? Why Microsoft want to made in China? Why Tesla want set up factory in China?
If they so desperate want faster clearing time they won’t stop topglove stock for more than 6 months la.
2021-01-29 22:36 | Report Abuse
Warm up? How much money you got to support the market. Especially in companies worth billions
2021-01-29 22:31 | Report Abuse
If the gloves you produce only for United States,
cost is high, price will be high. Does it have competitive advantage over gloves produce in Malaysia or Thailand?
If no why choose Made in USA?
2021-01-29 22:27 | Report Abuse
You can pay RM2k per month for wages. Why bother paying USD2k per month for wages? Your gloves can sell at 4x the price produce in Malaysia?
Think about it
2021-01-29 22:26 | Report Abuse
As I said, mostly high tech manufacturing are setting up factories in expensive labor countries. Chips makers are consider high tech manufacturing. For gloves? No la. This is low tech manufacturing.
2021-01-29 22:19 | Report Abuse
Bad move to produce in UK and US. Manufacturers in both countries wants to produce in China, India, Vietnam due to cost efficiency.
Usually only high tech products which have a high margin only will produce in high cost labor countries. For example, CBU cars, luxury watches. These products they can charge high margin.
For gloves? You produce in US just to sell back to Americans? If too expensive, they’ll just import from overseas as well. So no point setting up factory there. Bad move
2021-01-29 22:00 | Report Abuse
Don’t look at PE only la lol. Harta high PE because they are the top. QL PE 60 o. So you saying QL not good? And you want Teo Seng?
2021-01-29 21:55 | Report Abuse
Yeap. Angmo like work life balance. Not like bangla in Malaysia can do 24 hours shift. Angmo work 8,9 hours per day enough d. They go for beer. Office work can la. But manufacturing mana boleh.
Tuesday will have sell down
2021-01-29 21:54 | Report Abuse
If I’m the short sellers, I’ll use this opportunity to sell gao gao. Let retailers die and end game. Topglove is a 50b company. So easy to push up?
Unless everyone really buy and no sell lo. But I see from the group some people sold d haha
2021-01-29 21:50 | Report Abuse
Supermax qr now same with harta. Supermax can up so much that time because it is the first who raise ASP and it’s the highest. Now no longer the story. Maybe next qr harta can overtake supermax.
For those strong believes in supermax I feel sorry for you
2021-01-29 15:31 | Report Abuse
The person who launch this does not have much experience in share market. Honestly speaking how much money retailer has? To support a 50bil company? What a joke.
You guys push up the share price for JPM to short la hahahaha. Anyway offloaded 100k shares above RM7. Good luck for the person who bought my share.
2021-01-27 21:34 | Report Abuse
Already told you guys long time ago. This notion buat apa pun take boleh. Keep changing business model. That time kena scold somemore. Say I want collect cheap ticket so purposely talk bad haha.
Where are all the hardcore fans? Kiki come out and buy la. Just buy and buy.
Stock: [TOPGLOV]: TOP GLOVE CORPORATION BHD
2021-02-02 09:32 |
Post removed.Why?