Posted by Habisgl0v3333 > 2021-09-04 13:23 |

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Posted by MoneyMakers > 2021-09-04 14:13 |

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Posted by MoneyMakers > 2021-09-04 14:14 |

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Posted by myinvestor > 2021-09-04 14:29 | Report Abuse

With so much cash on hand 3.7b, Spx may venture in property sales/development projects in UK. I came across in the Annual report 2020, Spx had already owned White Oak Properties Limited 100%.

While TG already ventured in other business such manufacturing of butadiene and they plan to use it for their own nitrile gloves production.


http://www.whiteoak.co.uk/elizabeth-court/

Posted by glovefinish > 2021-09-04 15:23 |

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Posted by chief999 > 2021-09-04 20:16 | Report Abuse

re:myinvestor, SPX own White Oak Global Properties Ltd not the white oak you mentioned. The company is registered in USA... being the holding company for USA distribution centre in illinois

http://openleis.com/legal_entities/549300HOU9JQTZVBJP63/Whiteoak-Global-Property-Limited

white oak property limited (without the global word) is a UK registered in Surrey, which is different.. i know they have cash in hand, but I think long term is still to build a manufacturing plant in US... my 2 cents

myinvestor With so much cash on hand 3.7b, Spx may venture in property sales/development projects in UK. I came across in the Annual report 2020, Spx had already owned White Oak Properties Limited 100%.

While TG already ventured in other business such manufacturing of butadiene and they plan to use it for their own nitrile gloves production.


http://www.whiteoak.co.uk/elizabeth-court/

Posted by myinvestor > 2021-09-04 20:53 | Report Abuse

Chief999, Ya, i miss out the global. TQ for correction.

Posted by chief999 > Sep 4, 2021 8:16 PM | Report Abuse

re:myinvestor, SPX own White Oak Global Properties Ltd not the white oak you mentioned. The company is registered in USA... being the holding company for USA distribution centre in illinois

Posted by Jack Khan > 2021-09-04 21:09 | Report Abuse

This fellow in Youtube show face also no dare and using nickname somemore!
______________________________________________________________________

Currently not advisable to buy glove stocks bcoz its ASP and glove demand just starting turn to decline from its peak and its stock price might not be the bottom yet possible to drop further, watch the following:

https://youtu.be/dFOE3v7sVhQ

Cut loss after taking the dividend???

Posted by gohchinhan > 2021-09-05 08:51 | Report Abuse

https://www.theedgemarkets.com/article/sc-alerts-investors-top-gloves-investment-potential-clone-legitimate-entity-top-glove-corp

Posted by Bgt 9963 > 2021-09-05 10:06 | Report Abuse

Corrections coming...!

Posted by papasmurf > 2021-09-05 10:37 | Report Abuse

@pjseow Thanks for the summary of analyst reports. For CIMB to arrive at EPS of 22 sen post pandemic, what are the assumption? Even at ASP of US22, I find the EPS too low. Did CIMB exclude the capacity expansion to 48bil? Or did they ignore the distribution income?

Posted by Maridien2 > 2021-09-05 11:19 | Report Abuse

US now has more than four times as many cases of COVID and twice as many in hospital as this time last year with deaths up 80% - despite 62% of population with one shot amid Delta surge: Mu is now in LA

Labor Day weekend begins in the US with the Delta variant driving infections higher than a year ago

The rolling average of daily new cases is up more than 300% from a year ago, and hospitalizations are double

This is despite the fact that 62% of the total US population has at least one shot, with 53% fully vaccinated

Experts fear heavy travel and large gatherings for the holiday weekend could fuel a further surge in cases

Meanwhile the worrisome Mu variant has established a foothold in Los Angeles and South Florida

Variant first identified in Colombia has raised concerns that it could evade natural immunity and vaccines

Posted by pjseow > 2021-09-05 12:22 | Report Abuse

papasmurf, CIMB assumed FY 23 ASP is US 30. They ignored the distribution income . I tried to guess how they got the 22 sen EPS or 622 millions PAT for FY 23. The following assumption will get a very close numbers.

PAT = 26 X 48 X 0.8 X 0.13 X 4.2 = 629 m

The 13 % margin is too low if the ASP used is US 30 based on pre pandemic ASP of 22 which gives about 10 % margin. I think they also intentionally ignored the distribution income .
Note : I also noticed that the other IBs also ignore or omit the Distribution incomes.



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papasmurf @pjseow Thanks for the summary of analyst reports. For CIMB to arrive at EPS of 22 sen post pandemic, what are the assumption? Even at ASP of US22, I find the EPS too low. Did CIMB exclude the capacity expansion to 48bil? Or did they ignore the distribution income?
05/09/2021 10:37 AM

Posted by pjseow > 2021-09-05 12:53 | Report Abuse

papasmurf , Sorry , there is a typo error. The
PAT should be 30 x 48 x 0.8 x 0.13 x 4.2 which gives 629 millions

Posted by papasmurf > 2021-09-05 13:14 | Report Abuse

Thanks @pjseow for the reply. I guess so as well that 600+mil PBT is only for manufacturing income. Supermax has spent the last 20 years building their own brand and distribution in various countries. This is coming to bear fruit and will contribute significantly to the bottom line from now onwards, even at 40% of total production. Don't be surprise that one day the distribution income is higher than manufacturing income. Analyst will not understand this. As for the PE, this is an arbitrary number analyst often use to justify a price level to reflect the current sentiment (or a level they feel the price should be). There is no logic behind the PE multiple analysts used.

Posted by Bgt 9963 > 2021-09-05 14:40 |

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Posted by MoneyMakers > 2021-09-05 14:51 |

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Posted by MoneyMakers > 2021-09-05 14:51 |

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Posted by MoneyMakers > 2021-09-05 14:53 |

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Posted by AlsvinChangan > 2021-09-05 14:56 | Report Abuse

ASP drop 5%

Sales volume rise 50%

Profit up 100%

Posted by raymond96 > 2021-09-05 14:56 | Report Abuse

moneymakers u have SIMPLY missed out on the increase in production capacity N TURNOVER

Posted by iamnotinvestor > 2021-09-05 15:06 | Report Abuse

Billions of cash in hand is not what you're holding only hell bank note moneymaker. Only when shit hit you will know. Let the time present to you and the running dogs of IBs. May dogtor bless you. Amin

Posted by AlsvinChangan > 2021-09-05 15:11 | Report Abuse

Watch the Bear

Ride the Bull

Get ready your Money

Posted by raymond96 > 2021-09-05 15:11 | Report Abuse

MONEYMAKERS PLS think logically before u posted (65sen),SUPERMAX^S CASH per share now is about RM1.45 not to mention the next 2 qtr super profit compare to pre pandemic level

Posted by MoneyMakers > 2021-09-05 15:12 |

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Posted by MoneyMakers > 2021-09-05 15:12 |

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Posted by MoneyMakers > 2021-09-05 15:20 |

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Posted by pjseow > 2021-09-05 15:23 | Report Abuse

MMM, Kenanga gave a tgt price of 5.00 without considering the huge total earnings of approximately 9 billions made in. CY 2020, 2021, 2022.and . It is easily worth about 1.50 if we consider 50 % of this 9 billion. Besides , it did not consider the Distribution income also . Lastly., it give only a PE of 9 which is well below 16 which was the historical average during pre pandemic. If all these 3 factors are considered , the tgt price will be well above 5.00.

Posted by Geek2020 > 2021-09-05 15:45 |

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Posted by emsvsi > 2021-09-05 15:59 |

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Posted by MoneyMakers > 2021-09-05 16:00 |

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Posted by MoneyMakers > 2021-09-05 16:01 |

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Posted by myinvestor > 2021-09-05 16:37 | Report Abuse

Top Glove Corporation Bhd ADR (TGLVY)


OTC Markets

Create Alert
Add to Portfolio
3.70 -0.01 -0.27%
03/09 - Closed. Currency in USD ( Disclaimer )

TG ADR still trading last week.

Posted by Start_0f_the_bull > 2021-09-05 17:24 |

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Posted by ToneeFa > 2021-09-05 17:57 |

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Posted by ToneeFa > 2021-09-05 18:23 |

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Posted by ToneeFa > 2021-09-05 18:36 |

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Posted by joyvest > 2021-09-05 18:47 |

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Posted by joyvest > 2021-09-05 18:52 |

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Posted by ToneeFa > 2021-09-05 18:52 | Report Abuse

Really gotta thank Mr Forum for deleting so many nonsensical postings.

Posted by joyvest > 2021-09-05 19:01 |

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Posted by pjseow > 2021-09-05 19:38 | Report Abuse

joyvest , can you explain why glove stocks PE must be less than 3 while other stocks can have PE of 30 to 60 ? Pls back up with your numbers . Otherwise you are just talking nonsense .
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joyvest Any PE of more than 3 is just a fantasy.Your self deceiving is more than your loss...
05/09/2021 6:52 PM

Posted by Stealth > 2021-09-05 19:54 | Report Abuse

With all said and done, Supermx will still remain to be a fundamentally strong growth company!! Just be patient and wait for an explosive breakout. The GOLD RUSH BEGINS TOMORROW!! WELCOME ABOARD PAPASMURF. yOUR CONTRIBUTION IS MUCH APPRECIATED!!

Posted by joyvest > 2021-09-05 19:57 |

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Posted by joyvest > 2021-09-05 20:02 |

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Posted by Stealth > 2021-09-05 20:10 | Report Abuse

We can all see how desperate the shortists are!! Haha! They will all fall flat on their faces with their feces!!!

Posted by MoneyMakers > 2021-09-05 20:17 |

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Posted by MoneyMakers > 2021-09-05 20:20 |

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