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2022-02-24 23:44 | Report Abuse
continue up...
2020-12-02 12:19 | Report Abuse
CGS-CIMB analyst Walter Aw said in a note that assuming that each worker accommodation is hit by one charge (it is estimated that Top Glove has a total of 300 worker accommodations), Top Glove would have to pay fines of up to RM15 million, which is 0.14% of his FY21 EPS estimate (for the financial year ending Aug 31, 2021).
At this juncture, we are unable to ascertain the impact of the Ministry of Human Resources' (MoHR) charges (RM50,000 per offence) on Top Glove, pending further details, such as the number and types of charges to be filed against Top Glove,” he said.
He also made no changes to his FY21 to FY23 EPS estimates, awaiting further updates on the matter.
Aw, however, kept his "add" call for the stock, with a target price (TP) of RM10, based on 17 times 2022F PER (forecasted in line with its five-year historical mean).
He continued to like Top Glove as it is a key beneficiary of higher glove demand due to the Covid-19 pandemic, given its position as the world’s largest glove maker.
It was reported yesterday that the MoHR had opened 19 investigation papers into six subsidiaries of Top Glove, following enforcement operations in five states, amid the spread of Covid-19 in the Teratai Cluster originating from the group’s workers' dormitories in Meru, Klang.
Top Glove said in a statement the company is fully cooperating with the authorities. It is also seeking more accommodations and efforts to improve its existing workers' accommodations. It also expects the exercise to improve its workers' accommodations to be completed by Dec 31, 2020.
2020-12-02 12:17 | Report Abuse
AmInvestment Bank Research analyst Thong Pak Leng said in a note today that the latest development could potentially raise Top Glove's perceived risk premium, hence the research house had reduced its price-earnings ratio (PER) valuation to 25 times from 28 times.
With 25 times PER, we arrived at a lower fair value (FV) of RM7.03 per share (previously RM7.88) for Top Glove based on [estimated] 2022 earnings per share (EPS),” he said.
While the investigations are still ongoing, we are not making any changes to our earnings forecasts at this juncture,” he said, maintaining his "hold" call for the stock.
2020-11-09 12:04 | Report Abuse
5G is labelled as IR4 revolution that will generate trillions of dollars .This especially with the 5G launch globally in Oct that is why tech stocks is in the trend.Follow the Funds investing in the right 5G tech that will benefit from the uprising Industry.
2020-07-27 10:21 | Report Abuse
Malaysia recorded 23 new Covid-19 cases in the last 24 hours ending noon with two new clusters detected
2020-07-27 10:19 | Report Abuse
39 (new) positive cases (accumulated since last Sunday) and with one more case, we will turn into a red from the yellow zone
2020-07-27 10:18 | Report Abuse
Sarawak Disaster Management Committee (SDMC) chairman Datuk Amar Douglas Uggah Embas said it will convene a special meeting tomorrow to discuss the latest development on the Covid-19 pandemic in the Kuching District
2020-07-27 10:18 | Report Abuse
There are four new cases in the Hospital Sentosa Cluster. (A total of) 677 individuals have been screened and tested, 657 are still waiting for their results and Kuching, Sarawak has become a red zone
2020-07-27 10:17 | Report Abuse
Kuching declared red zone Hospital Sentosa closed
2020-07-27 10:17 | Report Abuse
MCO may be enforced again if cases reach three digits says Ismail Sabri
2020-07-27 10:15 | Report Abuse
Covid 19 Malaysia reports 13 new cases today with one death
2020-06-24 10:00 | Report Abuse
covid up top glove up...
2020-06-24 10:00 | Report Abuse
current covid infection 3.74mil
2020-06-24 09:59 | Report Abuse
world corona virus hit 9 mil
2020-06-24 09:57 | Report Abuse
pakisan today covid jump 4471 cases
2020-06-24 09:52 | Report Abuse
Thx bro advice, like that trive not suitable to buy la...
2020-06-22 14:27 | Report Abuse
mexico today rapid increase covid
2020-06-22 14:25 | Report Abuse
brazil want more gloves can call them exchange with coffee... barter trade
2020-06-22 14:24 | Report Abuse
EU want more gloves can call them exchange with palm oil... barter trade
2020-06-22 14:24 | Report Abuse
united states want more gloves cancall them exchange with palm oil... barter trade
2020-06-22 14:21 | Report Abuse
india buy more palm oil and gloves..
2020-06-22 14:21 | Report Abuse
india rapid increase covid...
2020-06-22 14:20 | Report Abuse
united states today increase 58 cases
2020-06-02 12:38 | Report Abuse
Togetherweearn ...Are carepls have build new factory now to increase production ? No lo... Carepls shares good prices boss sell stock first...
2020-06-02 12:30 | Report Abuse
ahbah Next everybody will chase high prices gloves or chase low price PPE ?
2020-06-02 12:27 | Report Abuse
ahbah you everyday wear gloves or wear face mask ?
2020-06-02 12:26 | Report Abuse
ahbah gloves demand high or face mask demand high ?
2020-06-02 11:42 | Report Abuse
demand high in personal protective equipment (PPE)
2020-06-01 19:43 | Report Abuse
you wear what country made mask
2020-06-01 19:36 | Report Abuse
i everyday wear mask have support strong...
2020-05-28 11:18 | Report Abuse
singapore listed top glove also rally
Stock: [YTLPOWR]: YTL POWER INTERNATIONAL BHD
2024-01-22 16:06 | Report Abuse
ytlpower data center iskandar