Today Top Glove released its 1QFY2021 report. You can access the full report here.
The stock has been trading at below RM7 level for the better part of the last few weeks on a myriad of news perceived as bad. Albeit all that, the company posted a net profit of RM2.38 billion for the quarter. They have approximately 8.2 billion outstanding shares. This gives the company an EPS of RM0.29 for the quarter. Let's do a bit of calculating:
- Assume the profits don't increase (they are expected to, but we will be conservative).
- This would mean an EPS of RM1.16 for FY2021.
- This translates into a forward P/E of 6 at price RM7 (as of writing this, the price is RM6.84)
This make is one of the lowest valued stocks in the entire stock market, with only 5 companies having forward P/Es of below 6 at the time of writing this.
If we assume that a stock is fairly priced at P/E 15, this would mean that the fair value of Top Glove is RM17.40.
At the same time, one of Top Glove's main competitors in the glove manufacturing market - Hartalega, has a consensus forward P/E of about 19.5 based on its current market price.
Let's assume that the market assigns the same valuation to Top Glove as it does to its direct competitor and simiarly-sized peer Hartalega. In this case, Top Glove's market price would be RM22.62.
China berpengalaman dalam bangunkan vaksin MyMetroMutakhir Share Share Suraya Roslan dan Raja Noraina Raja Rahim am@hmetro.com.my
Kuala Lumpur: China berpengalaman dalam membangunkan vaksin dan diiktiraf oleh Pertubuhan Kesihatan Sedunia (WHO), kata Ketua Pengarah Kesihatan Tan Sri Dr Noor Hisham Abdullah.
piercing candle stick pattern, this is rare piercing pattern where it almost cover the whole previous red candle, it shows super strong reversal, hopefully a genuine 1 and will continue uptrend
Those who previously left. Dont worry you can still join back now before it fly pass RM2. WAHAHHAHA I think the next pressure down should be around RM1.90-RM2.00 MAX
United Arab Emirates Claims China’s Sinopharm Vaccine Is 100% Effective At Preventing Moderate And Severe Covid-19 Robert HartForbes Staff Business I cover breaking news.
United Arab Emirates Claims China’s Sinopharm Vaccine Is 100% Effective At Preventing Moderate And Severe Covid-19
TOPLINE The experimental vaccine developed by China National Pharmaceutical Group, also known as Sinopharm, is 86% effective at preventing Covid-19 infection and 100% effective at preventing severe and moderate disease, health officials from the United Arab Emirates announced Wednesday, although with scarce detail provided about the trial.
The UAE health ministry cited an interim analysis of a late-stage clinical trial involving 31,000 volunteers as the source of its information, though neither they nor Sinopharm provided any data from the trial to validate the claims such as how many participants were infected or how many actually received the vaccine.
The ministry said “no serious safety concerns” were observed, though, again, no information on side effects was provided.
The ministry said the announcement is a “significant vote of confidence by the UAE’s health authorities in the safety and efficacy of this vaccine.”
The ministry added that it had officially registered the vaccine at the request of the manufacturer, which it says could eventually lead to the shot’s widespread authorization.
AstraZeneca vaccine details published in Lancet, but data suggests need for more trials
LONDON — Scientists at AstraZeneca and the University of Oxford on Tuesday became the first vaccine developers to publish their full data in a peer-reviewed scientific journal, confirming earlier claims that the vaccine is 70 percent effective overall.
hahah..morning to all solutn believer.. paktua hold solutn from below 0.70(0.6++) bintai also same.. from ealy sept..if paktua influence by all this naysayers.. paktua will not sitting comfortable position right now.. from early ride.. many yelling bintai n solutn not worth it.. goreng stock.. this what its happened.. until solutn up above rm2 and bintai up above rm1.50.. their will sing same song.. to make you confuse.. you cutlost you die.. lesson to learn yesterday.. and the cycle will be happened again.. you fear..you lose..
Oxford-AstraZeneca Covid vaccine to immunize the planet ‘more effectively,’ Lancet editor says PUBLISHED WED, DEC 9 20207:34 AM ESTUPDATED WED, DEC 9 20209:19 AM EST Sam Meredith @SMEREDITH19
As vaccines are coming, it's a good business opportunity to joining venture with Chinese/American vaccine companies to set up fill and finish plant in Malaysia as a vaccine hub to supply South East Asia.
U.S. prepares to ship 2.9 million vaccine doses The federal government has prepared 2.9 million Covid-19 vaccine doses to be distributed immediately after the FDA grants emergency clearance on Pfizer and BioNTech’s candidate, U.S. officials said.
Pfezier dropped last night, Moderna dropped even harder, FDA approval so what, in the end need to sell on actual news bah KJ said no deal with third party, Solution got no Pfaizer vaccine, later sure drop again kaw kaw today. Sell before you lose money.
Paktua already sold half his share earning a lot money, now he ask newbie to push up price so he can sell the rest of his share, lagi kaya, but newbie trap at high price mati la
@yupeeten@ sour palm yupee , thta not your business either he took money away , u r miss the lower price boat rite , hahahaha, keep ask ppl to sell it , when ppl keep asking buy low price stock where u been ??? sleeping inside the cave hah ..........now the stock is gaining keep ask ppl sell off yaa......this lessson for u ,
opportunity wont come second time ...........get lost
Ya, my job is to remind you all that your kaki already goyang faster run, later fall down all die log. Some people borrow from ah long one you know. This loss making company, forever I no buy
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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....
lee9fold
4,730 posts
Posted by lee9fold > 2020-12-09 18:14 | Report Abuse
Scylla, I tot you ask ppl cut lost? And curse this counter? Now suddenly you are on board?
Are you serious?