No ang pow for new year

no ang pow for new year

change agong tomorrow, chiong afternoon before closing

Do you survey on bumitama agri, the company is in what stage now?

with the current trend, do you think qr result will affect the uptrend?

because ekovest total shares are more than iwcity almost 3 times in total

@DannyArcher, consider good as compared to preceding quarter and business remain resilient in Yr2022

Indeed glove sector is mostly affected by bad sentiment plus more retailer more believing in JP Morgan report. However I'm not seeing any latest report from them but only a screen showing the TP. Is it weird?

tradeview mentioned in his book that he bought dialog at RM2.80 during last year March drop, with RM2.70 i believe this is the good opportunity to grab

market forget this hidden gem, always pumping up monies into slvest and samaiden which both trading PE50x.

@blablasheep. Yes, pekat will slowly moving up to catch back to their peer eventually. If using PE49x for Pekat is at least Rm1.20.

Samaiden的股价短期内已经到瓶颈，我觉得pekat更加值得关注。Samaiden的PE49x而pekat的PE才29x足足少差不多一倍而且后者赚钱比前者更胜一筹。后者的增长空间还是很大的

如果说slvest还是便宜，我觉得pekat更加值得关注。slvest的PE49x而pekat的PE才29x足足少差不多一倍而且后者赚钱也不会输给前者。后者的增长空间还是很大的

ctos is superb overvalued trading at PE74.32, dont know still can go up or not

next stock dropping out from KLCI soon

Posted by drteh84 > Jul 21, 2021 11:42 AM | Report Abuse

people are willing to buy a whooping of 300000 unit at 0.78 just now. What do u think ?

lim wee chai is buying?

Samaiden trading at RM1.23 with PE46.44
SLVEST trading at RM1.14 with PE44.78
As a peer from same industry, PEKAT is trading at RM0.80 with PE28.39.

I strongly believe PEKAT will catch up the PE same as their competitor and the TP RM1.27 with PE45 (average)

what happen? sudden surge to RM0.905

Rubber Gloves - ASPs Decline, But Shortage Remains
Date: 02/07/2021

Source : HLG
Stock : TOPGLOV Price Target : 6.72 | Price Call : BUY
Last Price : 4.06 | Upside/Downside : +2.66 (65.52%)

Source : HLG
Stock : KOSSAN Price Target : 5.54 | Price Call : BUY
Last Price : 3.18 | Upside/Downside : +2.36 (74.21%)

Back

Going into 2H21, we expect nitrile glove ASPs to average at USD65-75 per thousand pieces. With vaccines appearing less effective against certain new variants and winter towards year end, we do not rule out the possibility of Covid-19 cases rising again, despite vaccination efforts in key markets. We lower Top Glove’s FY21/22 net profit forecasts by -3.3%/-2.6% and Kossan’s FY21 net profit forecasts -7.9% to account for lower sales volumes from smaller workforce capacity during FMCO. Maintain OVERWEIGHT. Top Pick: Top Glove (BUY, TP: RM6.72).

Decline in ASPs begin, but supply shortage remains. While Top Glove’s ASPs have already peaked, we expect Kossan and Hartalega’s ASPs to decline in 3QCY21. Note that Top Glove’s ASPs had peaked earlier than its peers as it had reached heights unmatched by competitors. Going into 2H21, we expect nitrile glove ASPs to average at USD65-75 per thousand pieces. Despite the decline in ASPs, we note that supply shortage for disposable gloves still remains, with the crunch expected to last until 2023 before supply catches up with glove demand (Figure #1).

New variants and winter months a potential wildcard. While vaccination rates in key markets are progressing well (and resulting in lower daily Covid-19 cases) (Figure #2-3), we note that US and UK have begun relaxing lockdown rules, allowing large scale gatherings (sporting events, etc.). Despite this, there is growing evidence that vaccines may be less effective against new variants, particularly the delta variant (source). Note that while Covid-19 daily cases have declined in the US, the delta variant has roughly doubled every two weeks in the US (source). Coupled with the finding that Covid-19 (like seasonal flu) is more active during winter months (note that Covid-19 cases in US and UK peaked during winter), we reckon it is too early to rule out the possibility of Covid-19 cases rising in key markets again in the coming months, which would inevitably increase the demand for disposable gloves.

MCO3.0 impact on volumes. The recently imposed FMCO mandates that glove manufacturers operate at 60% workforce capacity from start-June for the duration of the ‘total lockdown’. Furthermore, in the government’s National Recovery Plan, Phase 2 & 3 (July-October 2021) continues to mandate that manufacturers operate at below full capacity (80% workforce). As such, we expect sales volumes in 2H21 to remain sluggish.

Dividend yield. At these price levels, we expect the healthy dividend yields of glove players to support share prices. At current prices, glove players have FY21/22 dividend yields of 6.9%-19.2% (Figure #4).

Forecasts. We lower Top Glove’s FY21/22 net profit forecasts by -3.3%/-2.6% and Kossan’s FY21 net profit forecasts -7.9% to account for lower sales volumes from FMCO impact on operations mentioned above. We keep Hartalega’s forecasts unchanged as we had already factored in impact from FMCO.

Maintain OVERWEIGHT. After adjustments to our forecasts, our TP for Top Glove (RM6.76 to RM6.72) and Kossan’s (RM5.60 to RM5.54) are adjusted downwards slightly. We value the glove companies using with their pre-pandemic 5-year average PE multiple of (CY15-19) based on sustainable earnings in a post-super normal earnings environment summed with free cash flows (both discounted back to PV) generated during the boom period. This encompasses earnings in a post-pandemic era as well as high profits generated during the pandemic (Figure #6-8). Our top pick remains Top Glove (BUY, TP: RM6.72).


Source: Hong Leong Investment Bank Research - 2 Jul 2021

Do you mean shortist is taking profit? dont forget shortist is keep shorting of gloves stock especially, topglove, supermax, kossan and harta. between big 4, kossan shorted the most

business prospect of SCIB is very bright in 2021 in view of Sarawak state election to be held in 2021

After dividend, it will goes back to 5.20. What a good chance to collect divodend

loss making company making awesome raise 1000% since last year Mar 20

long steel demand is lesser than flat steel due to construction activity is lesser than during 2019. Flat steel is more opportunity with higher car production and industry sector.

Top Glove - DBS research A Befitting Windfall Strong Demand Continues
https://research.sginvestors.io/2020/12/top-glove-dbs-group-research-2020-12-10.html?fbclid=IwAR0vDC3-177nJEkeQAiY0uRwyeQSNdZEeeH8htOBPEu4o1a7frFim6qgfGo

Plz stop pressing the price, you are making the market irrational, especially banker here who pressing down the price, you issue the warrant you yourself should responsible for the bad. Don’t make the world look down on bursa market

first time i see stock inclusion in FBM KLCI is drop

this stock is overvalued, results weak than Topglov and Supermx but PE higher than both

Vaccine or not, glove maker roll on. For those spreading vaccines news, please do homework as vaccines still need gloves for injection. In the other meaning, there are much more gloves needed after vaccine out.

I heard they are going dump it starting this afternoon, do your own diligence

Mahsing is too hot, investor should take this opportunity to sell high

trade with care, i think it move up too much from RM5 pre-split to RM3 (post-split equivalent rm9), 80% up

when to release next QR? end of this month?

hi stupid, keep sell it at lower price. if you're dumb enough

Banker is keep pressing down the price in order to cover their huge loss in structured warrant and buy back during pre-closing. Now become banker games

All the while the investment bank is keep pressing down the price of supermax and buy back during the pre-closing everyday. Perhaps the game is changed now as foreign fund are coming in in huge volume. Hopefully the price will move up north from today onward.

Stupid teamrocket? Why don’t you sailang lambo?

Topglov already top 2 in market capitalization, congratulations! Moving forward to surplus top 1 maybank

what do i mean is he is explaining wrong in his statement or he might read wrong too. In uncle koon written:

"In any case, I do not think its share price will drop because yesterday it has announced that shareholder will be given 1 bonus share for every 2 share you hold. I will buy back at cheaper price after the price correction."

Supermax is given out 1 to 1 bonus and Topglove is 1 to 2 bonus. where got 1 bonus for every 2 share you hold?

kyy is sleeping? shareholder will be given 1 bonus share for every 2 share you hold?

Unbelievable kyy jump ship action

Nobody share the AGM information yesterday?

Really disappointed to kossan daily movement

Kossan is moving slow like turtle, should change to Supermax yesterday

Rm25 not far away

Aiya, they want hear positive news only. Let them happy lo, they will know the result on Tuesday morning

apolloang, you make a lot peoples mad on you at Careplus post. Hahaha!

UG also been discussing here, awesome job

So funny, why so many people arguing here? Whatever you said will not influence the share price too, just keep an eyes and see how it’s perform on Tuesday

For those shareholder who are optimistic, suggest you buy more during Tuesday open market. I read all the comments also want to laugh. You are using Lamborghini price to purchase a periodic kancil. Good jobs