In January, Top Glove agreed to buy surgical glovemaker Aspion from Adventa Capital via a combination of RM1. 23 billion cash and RM137 million from the issue of 20.51 million new Top Glove shares at RM6. 68 apiece
Qr out in soon... more than triple digit growth... hehehe
Top Glove Corp Bhd*, the world’s largest glove maker, said it is set to build two factories every year to keep pace with global demand for rubber gloves, amid increased usage in the medical industry and heightened hygiene awareness among people due to the Covid-19 pandemic. Meanwhile, Top Glove has overtaken utility giant Tenaga Nasional Bhd (TNB) as the third-largest company on Bursa Malaysia in terms of market capitalisation, after its shares price closed RM2.08 or 9.49% higher at its record high of RM24 today. At its closing price, Top Glove is valued at RM64.72 billion. The market capitalisation of the glove maker is higher than TNB’s market capitalisation of RM64.58 billion.
uptrend slowly is good enough rather than sudden spike for a single day. Volume is just 1/3 of what happened on 1st June 2020. Results is still 2 weeks away. Still lot of rooms for uptrend. Remember that the TP are as follow:
oh well, price dropped all of sudden.. thought can makan besar tonite zzz. Luckily sempat sell but ended up with so little profit only.. but at least better than losing money la.. haizz..
buy in 0.5 sell off 0.6 re enter 0.54... the correction expected glove stock up so many days... no worries... this stock just engine start!! tier 2 glove just start today!!
It will rebound as tThe 0.525 support was so strong that the panic sellers could only briefly pushed the price lower. Futhermore the candle has just barely touched and coming out of the Bollinger squeeze, plus the FANTASTIC coming QR, there's still so much room for upward movement.
actually is panic selling down, all this cause by top 4 glove company heavy correction... tier 2 glove and medical stock just begin... one more week the qr will release and dividend will announce soon stay tune!!
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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....
CHLEONG888
924 posts
Posted by CHLEONG888 > 2020-07-13 16:59 | Report Abuse
Hope not one day show, firmly believe coming quarter result is brilliant