Investing Experience Intermediate
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I am a retiree.
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2020-06-12 14:54 | Report Abuse
Still screaming buy for Top Glove as it prepares for more bumper results
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2020-06-12 10:22 | Report Abuse
US seeing 2nd wave bcos ppl there r ignorant lots n talk about human rights n freedom instead of put priority on own n others health..
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2020-06-12 10:11 | Report Abuse
TG mkt saviour bcos when TG price stabilised n in green bring up a lot of confidence to all golve relates counters
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2020-06-12 10:09 | Report Abuse
Buyers n Sellers not many easily can push up the price but why needed to push up when everyone waiting to sell.
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2020-06-11 21:44 | Report Abuse
This cause TG sell down??
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2020-06-11 21:43 | Report Abuse
Details of Corporate Proposal
Involve issuance of new type/class of securities ? No
Types of corporate proposal Others
Details of corporate proposal Exchanging of 5 years Guaranteed Exchangeable Bonds 2019/2024 into ordinary shares
No. of shares issued under this corporate proposal 2,799,165
Issue price per share ($$) Malaysian Ringgit (MYR) 6.1000
Par Value($$) (if applicable) Malaysian Ringgit (MYR) 0.000
Latest issued share capital after the above corporate proposal in the following
Units 2,639,909,577
Issued Share Capital ($$) Malaysian Ringgit (MYR) 1,265,458,069.730
Listing Date 10 Jun 2020
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2020-06-11 21:40 | Report Abuse
This cause today sell out???
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2020-06-11 21:40 | Report Abuse
Details of Corporate Proposal
Involve issuance of new type/class of securities ? No
Types of corporate proposal Others
Details of corporate proposal Exchanging of 5 years Guaranteed Exchangeable Bonds 2019/2024 into ordinary shares
No. of shares issued under this corporate proposal 2,799,165
Issue price per share ($$) Malaysian Ringgit (MYR) 6.1000
Par Value($$) (if applicable) Malaysian Ringgit (MYR) 0.000
Latest issued share capital after the above corporate proposal in the following
Units 2,639,909,577
Issued Share Capital ($$) Malaysian Ringgit (MYR) 1,265,458,069.730
Listing Date 10 Jun 2020
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2020-06-11 21:39 | Report Abuse
Additional Listing Announcement /Subdivision of Shares | https://www.klsescreener.com/v2/announcements/view/3170835
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2020-06-11 21:30 | Report Abuse
Chose QR on same day for bonds converted to ordinary shares.
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2020-06-11 21:28 | Report Abuse
Yes why let convertable at such a low price and converted on today??
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2020-06-11 14:06 | Report Abuse
Rm347 millions not good enuf news?
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2020-06-11 14:00 | Report Abuse
Fly ka ? Or goin south???
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2020-06-10 22:41 | Report Abuse
Will this affect top glove price?
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2020-06-10 22:40 | Report Abuse
Latest issued share capital after the above corporate proposal in the following
Units 2,644,446,956
Issued Share Capital ($$) Malaysian Ringgit (MYR) 1,293,136,081.630
Listing Date 11 Jun 2020
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2020-06-10 22:36 | Report Abuse
Exchanging of 5 years Guaranteed Exchangeable Bonds 2019/2024 into ordinary shares
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2020-06-10 22:36 | Report Abuse
Subdivision ? Can sifu explained?
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2020-06-10 22:34 | Report Abuse
Additional Listing Announcement /Subdivision of Shares | https://www.klsescreener.com/v2/announcements/view/3171617
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2020-06-10 19:55 | Report Abuse
Best scenario tmorow TG will fly to new high or will caused whole mkt collapse..KLSE waiting for a Great Show of 2020
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2020-06-08 17:06 | Report Abuse
Private placement bad news ka?
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2020-06-07 12:03 | Report Abuse
Opec+ extends oil cuts in win for Saudi-Russian alliance
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2020-06-07 10:12 | Report Abuse
The high demand for gloves worldwide has allowed the world’s largest glove manufacturer, Top Glove Corp Bhd, to benefit the most among other players in terms of the average selling price (ASP) for its products, due to the diversified customer base of the company.
“Top Glove has received tremendous orders that have filled up its capacity until July 2021 with its sales lead time stretching to more than 11 months, compared to the two months pre-Covid-19,” said TA Securities analyst Tan Kong Jin.
Tan also noted that, given the long duration to fulfil the future orders, the company has been quoting indicative ASPs, and will only lock in final ASPs one month or less prior to deliveries. At the same time, customers have to put down a deposit between 10% and 20% to place orders.
RHB Investment Bank analyst Alan Lim agrees, noting that this is a continued demand-supply imbalance, and added that Top Glove is likely to see the highest ASP increase among original equipment manufacturers (OEMs) due to its diversified customer base.
“We believe Top Glove has the most diversified customer base among Malaysia’s Big 4 players. During an extreme demand-supply imbalance situation, the company’s average ASP should benefit the most among the OEM operators,” said Lim.
“This is caused by its higher pricing power as a major supplier to a diversified customer base, in which each client orders in smaller volumes. We note that its biggest customer contributes less than 4% to sales. Top Glove also has a more balanced product mix to offer to a different range of customers,” he added.
This trend is shown by Top Glove’s ASP rising by about 5% month-on-month since March 2020, according to Tan, who believes that this is both demand and supply driven, as all countries are increasing their Personal Protective Equipment (PPE) reserves in preparation for the second wave of Covid-19. This comes during a time when glove manufacturers are running out of spare capacity.
“As such, we predict the current favourable pricing can be sustained until 1Q21,” said Tan.
Both analysts believe that Top Glove’s upcoming 3QFY20 results on June 11 will see profit double quarter-on-quarter, with Tan also believing that price escalations will push the company’s profits further upwards in the later half of 2020.
TA Securities upgraded Top Glove from sell to buy, raising the target price to RM17.33. RHB Investment Bank maintained its buy call, but also increased the target price for Top Glove to RM18.30, from a previous RM13.30.
At 3.41pm, Top Glove’s shares had rallied to RM16.14, up 70 sen, with 22.9 million shares changing hands. At that time, the intra-day high for the stock was charted at RM16.74. - June 5, 2020
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2020-06-05 09:54 | Report Abuse
Stock Market is like a Strapless Bra
Half of the ppl are wondering
Whats holding it up?
Whereas the other half are waiting for it to drop so that they can grab the opportunity.
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2020-06-04 18:05 | Report Abuse
271 detected in detention center...only 1-2 local cases .
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2020-06-04 18:01 | Report Abuse
☝ *In the first quarter of 2020* export of gloves amounted to approximately 53 billion pieces. For 2020, MARGMA estimated world consumption to reach 330 billion pieces of gloves and *Malaysia is expected to provide some 220 billion pieces.* - Bernama
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2020-06-04 17:59 | Report Abuse
☝ *In the first quarter of 2020* export of gloves amounted to approximately 53 billion pieces. For 2020, MARGMA estimated world consumption to reach 330 billion pieces of gloves and *Malaysia is expected to provide some 220 billion pieces.* - Bernama
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2020-06-04 14:59 | Report Abuse
hlt careplus rubbrex comfort almost 30% up
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2020-06-03 22:05 | Report Abuse
Top Glove is now on analysts’ radar, as the projected capacity growth and higher utilisation rate coupled with the market environment factors are seen to boost its earnings by more than 100% in the financial year ending August 2021 (FY21).
AmBank Research valued the group at RM17.38 per share, with a historical price-to-earnings (PE) multiple of around 100 times — but 33 times PE estimates for FY21.
In short, strong demand as a result of Covid-19 pandemic, higher ASP and low raw material prices are expected to continue fueling the glove mania moving forward.
Of 22 analysts covering Top Glove, the counter has a whopping 18 “buy” calls, Hartalega (eight “buy” calls, 28 analysts), Kossan (13 “buy” calls, 18 analysts) and Supermax (eight “buy” calls, 10 analysts).
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2020-06-03 21:40 | Report Abuse
Top Glove is now on analysts’ radar, as the projected capacity growth and higher utilisation rate coupled with the market environment factors are seen to boost its earnings by more than 100% in the financial year ending August 2021 (FY21).
AmBank Research valued the group at RM17.38 per share, with a historical price-to-earnings (PE) multiple of around 100 times — but 33 times PE estimates for FY21.
In short, strong demand as a result of Covid-19 pandemic, higher ASP and low raw material prices are expected to continue fueling the glove mania moving forward.
Of 22 analysts covering Top Glove, the counter has a whopping 18 “buy” calls, Hartalega (eight “buy” calls, 28 analysts), Kossan (13 “buy” calls, 18 analysts) and Supermax (eight “buy” calls, 10 analysts).
Stock: [TOPGLOV]: TOP GLOVE CORPORATION BHD
2020-06-12 14:55 | Report Abuse
According to Bloomberg, out of the 20 analysts covering the stock, half of them have target prices of RM20 and above, with the highest at RM25 from CGS-CIMB Research and Kenanga Research. This would also imply a 49% headroom from the current share price.