5.19 x 3 = RM 15.57, and you use to say this below (haha):
Even, at a price of RM10 (which is not something we can expect given it is now RM15.60, the average PE would have been 35x, given the scenario above. See below's table. That is still high.
@CharlesT If you want to talk about 2003, to be fair and honest, then you need to take it last trading price in 2002 roughly, then calculate those corporate exercises it had starting from 2003. How many bonus issues it had gone through..
All glove's profit r still growing fm 2003 till today right?
So what do u meant by back to pre covid 19? U meant their profit right? Or their prices will be back to pre covid 19 level, say ard RM2+ for TG (Rm2+x3= Rm6+)??
How many companies in Bursa ever declared they will pay you dividends of 70%. Handful or less? For that I have to give TG the thumb's up. It shows they take care for retail investors. Talking about dividends I failed to understand why it has to work as currently where immediately after exdate the share price will drop as much as the dividends given. Why must this be so? Can't the Exchange leave the share price as at the last closing price and let the market decides whatever price after the ex-date? Dividends are bonus for investors but then dropping the share price on ex-date by the equivalent amount of the dividends means the investors are getting nothing...nil. Your thoughts on this guys.
And topglov wont go bankruptcy duh! Its net cash 10bil soon, and still expects to keep earning near 3bil every quarters still probably until 2h this yr also.
Whether expensive or not expensive thats up to your own interpretation lah. Rm3 can ve expensive also for some ppl, even rm0. 01 also expensive sometimes to someppl。depends how you view things. With status now 15% div yield, pe single digits, i think it's dirt cheap
Guna otak mah. And be patient mah in investment. Many ppl able to retire by just holding gloves stocks. Just like how auntie, uncle thanks pbbank, genting last time mah
To predict the future , it is best to look at the past records. In the last 20 years,we have.seen 3 pandemics. The first is SARS in 2003 followed by H1N1in 2009 and then covid 19 in 2020. The.SARS was relatively smaller pandemics which killed a few.hundred peoples in a few countries . We saw topglove earnings doubled in 2004 and continued to grow organically until 2009 when the bigger H1N1 pandemic started in 2009. The earning double again within.a year in 2010 . The earnings tapered off for a while before it grow again organically until 2020 when covid 19 sparked a huge and unprecedented growth of more than 10x earnings by the end of the year. This pandemic.is 10 to 20x bigger than the previous 2 . The profits will continue to grow in 2021 and most likely in 2022. If history were to repeat , then.in 2023 or 2024, profits will tapered off.and then continue to grow organically. It is silly and illogical to think that the earnings will go back to pre pandemic levels. If you want to have a better FEEL , please look at the qtrly earnings in details for topglove in the last 20 years, then you can better appreciate what I am talking. Facts never lie.
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....
commonsensing
4 posts
Posted by commonsensing > 2021-02-27 10:58 | Report Abuse
5.19 x 3 = RM 15.57, and you use to say this below (haha):
Even, at a price of RM10 (which is not something we can expect given it is now RM15.60, the average PE would have been 35x, given the scenario above. See below's table. That is still high.