It is pretty. But underlining this massive increase in glove sales and prices is the massive increase in Covid19 cases and deaths. I look forwards to unbelievable profits for TG next quarter and next year... I just hope I am alive and healthy to enjoy it. Keep safe everyone. The virus is uncontrolled in Africa, South America, America, India and Middle east.
Guys who are hooked to gloves makers unfortunately are stuck with ultra high hopes like addicted to drugs or gambling in casino.
So far they hv used speculators to push up prices which are more than enough to clear all their indebtedness to banks.
Now be wary of big shareholders unloading to reap bonus and retire. Take heed-enough is enough. Time to pack up and leave the scene unless you want to be crushed by bulls rushing out from bear attack.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥
13,337 posts
Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2020-06-16 15:27 | Report Abuse
At RM 15.56 per share, its market cap is RM 41.7 billion.
I project Topgloves' total earnings for this and next 3 quarters to be RM 1.4 billion.