Posted by monetary > 2021-06-30 17:18 | Report Abuse

if TG dropped to 3.5 SP could be 2.5

Posted by glovefinish > 2021-06-30 17:19 |

Post removed.Why?

Posted by strattegist > 2021-06-30 17:21 | Report Abuse

closed red

Posted by strattegist > 2021-06-30 17:22 | Report Abuse

tutup merah

Posted by GlovesOff > 2021-06-30 17:25 | Report Abuse

yup @MMakers ... cheap enough will come in and ...

SBL to fund houses!!! so low d better make some from interest hahaha

Posted by MoneyMakers > 2021-06-30 17:29 | Report Abuse

15% higher than prepandemic ASP is negligible to earnings..Too much BS until cannot think str8

Posted by MoneyMakers > 2021-06-30 17:29 | Report Abuse

Ding3 3.30 lowest closing this yr..huge bearish reversal, tomorrow follow-thru lower

Keep jumping hard 3.3 floor sure crack eventually

Posted by glovefinish > 2021-06-30 17:34 |

Post removed.Why?

Posted by Beary > 2021-06-30 17:48 | Report Abuse

haha tomorrow breaks 3.30 charlest quick quick run ah?

Posted by pjseow > 2021-06-30 17:54 | Report Abuse

Glovefinish and Moneymaker ,

Assuming ASP of US 24 during post pandemic ,capacity of 48 millions , utilization of 85% , exchange rate of 4.15 and net margin of 10 % .

Manufacturing Revenue = 24 x 48 x 4.15 x 0.85 = RM 4063 millions

Manufacturing Profit = 4063 x 0.1 = 406.3 millions



Now , the ASP is Slightly Higher at 15 % than US 24 ,

This additional 15 % ASP is = 24 x 0.15 = US 3.6

THerefore Addtional Manufacturing profits is

Additional profits from 15 % ASP = 3.6 x 48 x 4.15 x 0.85 = RM610 millions
Since this additional profit is subject to 25 % tax ,
Net additional profit = 610 x 0.75 = RM 457 millions

Therefore total profits from additional 15 % ASP = 406.3+457 = 863 millions . THis is 2.12 X of the 406 millions when ASP is at US 24 .

If you use the same PE of 15 , the target price will goes up by 2.12 X which is very significant .

Therefore dont play play with Slightly higher 15 % , It can means a lot .

Posted by pjseow > 2021-06-30 18:06 | Report Abuse

I am very happy to hear that Topglove executive said that post pandemic ASP will be SLIGHTLY higher than pre pandemic ASP a few days ago .
I can use US 27.6 per 1000 pcs now instead of the previous US 24 per 1000 for my worst case scenario .
Observatory can also use US 27.6 per 1000 if he wish . His new value will be rm 3.30 plus rm 2.52 or total rm 5.82 . He can also interpret Slightly higher as 10 % more which is fine too .

Posted by invest_malaysia > 2021-06-30 18:09 | Report Abuse

Pjseow keep on twist. Hahahaha

Posted by ShutTheFxxkUp > 2021-06-30 18:09 | Report Abuse

Well done.

Posted by GlovesOff > 2021-06-30 18:09 | Report Abuse

Bla bla bla
Is sharemarket 1+1 = 2 ???

Posted by glovefinish > 2021-06-30 18:17 |

Post removed.Why?

Posted by HSIF88 > 2021-06-30 18:18 | Report Abuse

Back to collection again…

Posted by invest_malaysia > 2021-06-30 18:23 | Report Abuse

Pjseow is very misleading. Those follow him and affected by this calculations since RM5 GG.

Posted by glovefinish > 2021-06-30 18:28 |

Post removed.Why?

Posted by pjseow > 2021-06-30 18:38 | Report Abuse

Glovefinish, you asked me to show you how a 15 % increase in price can result in. more than 2 x profit. I .takes time to show you the calculation . Pls critique on my calculation. I will respond to you. I am not talking about beating the market. Why you deviate from your original request ?

Posted by glovefinish > 2021-06-30 18:44 |

Post removed.Why?

Posted by Beary > 2021-06-30 18:48 | Report Abuse

Pjseow, don't worry about your temporary paper loss.

Watch this video https://www.youtube.com/watch?v=ARvKEXacpT0&ab_channel=CBSNews

Posted by glovefinish > 2021-06-30 18:50 |

Post removed.Why?

Posted by invest_malaysia > 2021-06-30 18:54 | Report Abuse

Pjseow only know how to look at the figure. Won’t think as it as a business. In business we have so much risk. Not only product pricing.

Posted by xiaomixiaohai > 2021-06-30 19:25 | Report Abuse

Calculate so much also useless if u have no business sense

Posted by Bullrunrun > 2021-06-30 19:53 | Report Abuse

RSS keep shorting now almost 58 million shares already

Posted by pjseow > 2021-06-30 20:34 | Report Abuse

Glovefinish , moneymakers and invest malaysia.
Read the article below. Vital Factor Consulting projected ASP will drop to US 38 in 2024 while Frost and Sullivan peojected ASP to drop to US 24.6 in 2025. Our assumption of US 27.6 during post pandemic is still considered reasonable . Dont get too hung up with the numbers. No one knows the future when it is 3 to 4 years away. Myself and Observatory has used US 24 during the normalised post pandemic period. Any prices higher like US 27.6 , 30 , 35 or 38 will be a big bonus to those medium or longer term investors.
The key point I want to covey is a small increase of 15 % higher than US 24 ASP can produce double the earning. Imagine the normalised ASP is US 30 or higher during normalised state.
It is just mathematics. Dont get overly excited.


----------------------------------

https://www.klsescreener.com/v2/news/view/822959

Posted by pjseow > 2021-06-30 20:43 | Report Abuse

Glovefinish , you asked me to confirm a 15 % higher ASP can double its profit and value of its share. I did it and show you the detailed calculation. Instead of commenting on.my calculation , you jump up and down like drunken prawns kena.whisky. Why cant you be objective a bit.


---------------------------/-/---------------------------
glovefinish pjseow, How do u confirm a 15 % higher ASP can mean doubling of profit and double its value of its share? How u calculate on that?
30/06/2021 4:59 PM

Posted by pjseow > 2021-06-30 20:51 | Report Abuse

Beary, I am.like you. I can hold and have the patience. I will do my last buy below 3 if it goes down to that level. I and you know the value of supermx stock. Your video confirm.the seriousness of this Delta variants. You take good care as the number of cases in Malaysia dont seem to go down.at all.


-----------------
Beary Pjseow, don't worry about your temporary paper loss.

Watch this video https://www.youtube.com/watch?v=ARvKEXacpT0&ab_channel=CBSNews
30/06/2021 6:48 PM

Posted by NatsukoMishima > 2021-06-30 20:56 | Report Abuse

Bankers want it at pre pandemic price , pls check what s the price , pls only joy the ride with bankers n dont step in now !

Posted by MoneyMakers > 2021-06-30 21:53 | Report Abuse

Walao apologies to pjs, looks like 15% higher ASP does give 2x profits

Anyway, 2x prepandemic profits = 2x prepandemic share price (1.30)..still very2 OVERVALUED

* Fyi ur calculation for 15% higher post-pandemic profits (only deduct 25% tax) is wrong/overstated

**There are generally 3 types of costs - manufacturing/operating/tax

*** The additional 15% higher ASP isnt subject to manufacturing cost (still producing same amount of goods), but still liable for operating costs+tax (u only deducted for tax)..should also discount operating costs % as well

Posted by pjseow > 2021-06-30 21:54 | Report Abuse

Invest malaysia , gloveoff , glovefinish ,money makers,
Please read this article . MARGMA expect Post Pandemic ASP to be 40 to 60 % higher than pre pandemic ASP. In my opinion , it is very very unlikely post pandemic ASP will be at pre pandemic level . The reason.is very.simple. Inflationary. Ask yourself , can you.get a similar cup of coffee today at 5 year ago price? Can you get a bowl of wan than mee at 5 year price ? Can you get the same soap , detergent, milo at the price 5 year ago ? I remembered one bowl of one than mee cost 50 sen 40 years ago. One plate of char koay teow cost rm 4 five years.ago. Today is rm 5.50 . Dont expect.gloves which is a necessity to cost the same as 2019 price in 2004 or 2005.




https://klse.i3investor.com/m/blog/hleresearch/2021-04-06-story-h1563185501-Rubber_Gloves_MARGMA_Meeting_Takeaways.jsp

Posted by MoneyMakers > 2021-06-30 21:54 | Report Abuse

Nobody knows what big boss means by ‘slightly’ higher..could be 5%/10%/15%

Anyway this is just his early estimation..More likely competition/oversupply will push it down to prepandemic level or even lower (some competitors may choose to lower price for more market share/volume)

Final verdict - prepandemic ASP max = prepandemic profits max = prepandemic price max (65 sen max)

Posted by MoneyMakers > 2021-06-30 22:00 | Report Abuse

Inflation doesnt mean higher profits..means higher revenue but higher costs (raw material/wage) as well

History alrdy proven prepandemic price was the price that deterred competition..new competitors will keep coming in until price reaches prepandemic price which again deters new players

If higher price was viable, price increase would’ve happened pre-pandemic to maximise profits

Posted by very_goat > 2021-06-30 22:05 | Report Abuse

just wait August QR results, the number will tell the story, cheers !!!

Posted by MoneyMakers > 2021-06-30 22:17 | Report Abuse

RHB expecting 500Mil for Aug QR

50% profit drop + ASP drop announcement = perfect ingredient for disaster

Posted by ToneeFa > 2021-06-30 22:26 | Report Abuse

pjseow, well done with your calculation to prove that a slightly higher ASP of 15% can actually double up on the net profit. Gf,MM,IM and GO should just accept the conclusion, as basically for comparison purposes we have to assume all other factors remain equal. You cannot suddenly impose other variables into the equation to complicate the matter. After all, factors such as raw material could move both ways, it could also go lower, which is what's happening now, nitrile butadiene price has dropped of late. Gf, u specifically asked for proof if15% higher than prepandemic price, can it lead to doubling of the net profit, and that is what pjseow has done.

Posted by ToneeFa > 2021-06-30 22:31 | Report Abuse

@MoneyMakers Inflation doesnt mean higher profits..means higher revenue but higher costs (raw material/wage) as well

History alrdy proven prepandemic price was the price that deterred competition..new competitors will keep coming in until price reaches prepandemic price which again deters new players

If higher price was viable, price increase would’ve happened pre-pandemic to maximise profits
30/06/2021 10:00 PM

An exercise of comparison assume all other factors remain equal, otherwise you cannot compare apple to apple when you have too many other moving variables. This is a simple concept that we learn in school.

Posted by ToneeFa > 2021-06-30 22:43 | Report Abuse

https://www.change.org/p/pelabur-runcit-bursa-malaysia-mohon-tengku-zafrul-memberhentikan-restricted-short-selling-rss-seperti-march20?signed=true

Glove supporters, quickly get more support for this petition. Once Bursa decides to suspend RSS, we will see a gap up immediately. Let's not be taken for further rides by the short sellers during this pandemic. Go all out get the RSS suspended. Share to everyone you know to get their support. Current signatures is at 1769.

Posted by MoneyMakers > 2021-06-30 22:45 | Report Abuse

Tonee All things equal - prepandemic ASP = prepandemic profits = prepandemic ASP (65sen)

Posted by pjseow > 2021-06-30 22:46 | Report Abuse

MM ,GF, IM ,GO ,
May be my calculations is too complicated for you guy. Let me make a very simple analogy. If a man sell a watch for rm 1000. He make a after tax net profit of rm 100 . Then he decided to increase the price by 15 % to rm 1150 . He make an additional rm 150 right ? But this additional rm 150.is subjected to.a 25 % tax. After minus the tax, the additional profit is rm 112.5 。 Therefore total profit is 100 +112.5 = 212.5 which is double his original profit of rm 100.
Understand Now ?

Posted by ToneeFa > 2021-06-30 22:46 | Report Abuse

@MoneyMakers RHB expecting 500Mil for Aug QR

50% profit drop + ASP drop announcement = perfect ingredient for disaster
30/06/2021 10:17 PM

MM, why can drop 50% NP for Aug QR? Pls explain otherwise you are just fearmongrelling.

Posted by BoomBerg > 2021-06-30 22:50 | Report Abuse

The fake Japanese is a axh hole

Posted by BoomBerg > 2021-06-30 22:54 | Report Abuse

Tiruan orang jepun ia lah hum car chang

Posted by ToneeFa > 2021-06-30 22:57 | Report Abuse

@MoneyMakers Tonee All things equal - prepandemic ASP = prepandemic profits = prepandemic ASP (65sen)
30/06/2021 10:45 PM

MM, excuse me but u just made a very dumb statement here without understanding my comment. I said for purpose of comparison , we have to assume all other factors remain equal, otherwise u cannot objectively compare the change in that particular factor of consideration.

Posted by GlovesOff > 2021-06-30 23:01 | Report Abuse

haha @boomberg you're officially a scammer now ... takeover mana ??? issue wrong buy call a ...

Posted by glovefinish > 2021-06-30 23:01 |

Post removed.Why?

Posted by MoneyMakers > 2021-06-30 23:02 | Report Abuse

Tonee Search back yesterday someone post RHB glove research..can see their next QR estimate 500Mil

Posted by GlovesOff > 2021-06-30 23:04 | Report Abuse

@pjseow why you hardsell me ???

it is banker's play now or ahbah really caused the cirit birit no one knows

be water my friend .. btw tg broke last defence at 4.17 GL !!!

margin call next

Posted by glovefinish > 2021-06-30 23:06 |

Post removed.Why?

Posted by ToneeFa > 2021-06-30 23:09 | Report Abuse

@pjseow MM ,GF, IM ,GO ,
May be my calculations is too complicated for you guy. Let me make a very simple analogy. If a man sell a watch for rm 1000. He make a after tax net profit of rm 100 . Then he decided to increase the price by 15 % to rm 1150 . He make an additional rm 150 right ? But this additional rm 150.is subjected to.a 25 % tax. After minus the tax, the additional profit is rm 112.5 。 Therefore total profit is 100 +112.5 = 212.5 which is double his original profit of rm 100.
Understand Now ?
30/06/2021 10:46 PM

pjseow, I really pity u have to go to such many steps of detail explanation to teach the naysayers here some simple mathematical calculations. Sometimes it made me wonder, why we have to take the trouble to debate with such low IQ ppl , whose purpose in this forum is just to annoy the genuine glove supporters.