Super sad news Top Glove QR profit after tax drops to RM600 millions only from RM2 billions previous QR.... Dividend only 5 sen....Really worse news for all glove stocks
Gloves Big 4 are collectively a significant source of tax revenue for govt of Malaysia
So govt will be defending the interests of Gloves Big 4 & also other glove firms in general, including defending their stocks from the indiscriminate attacks & destruction & devastation from RSS shorting gang
Almost all IBs analysts are very surprised with Top Glove very disappointing QR profits RM600 millions as they expected around RM1 billion profits....Gap down this evening and downtrend continues next week
Start_0f_the_bull TG was banned by US but Supermax was not. This is the difference. **************************************************************************************************
TG last Qr. was 2.0 bil Profit ( also within USA Banned period) What eliminated most of TG profit is LockDown and prolong MCO and EMCO.......TG Qr start at 1 June and Ends 31Aug
Super and Harta (Qr results ) escaped with just LockDown ( 1 Jun---15June ) plus MCO 30Jun
Both Super and Harta Next Qr results will be Horrible (same) as TG
17/09/2021 1:36 PM X NatsukoMishima How many company can make 600m / qr ?? 17/09/2021 1:58 PM X NatsukoMishima During such bad luck period , tg still very solid , u cant find other company than tg ! Just look at AA, SERB !
Bossku as economies advisors would like to see rss suspends for 6month. Increase margin to trade. Shorty is nuisence to economy and didnt contribute much to economy.
TSLWC already "settle" with this quarter's profits. If you know the meaning of "settle". This quarter have to "settle". That's why profit margin lower this quarter. Next quarter is 100% boom.
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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....
ThePowerOfGlove
3,963 posts
Posted by ThePowerOfGlove > 2021-09-17 12:48 | Report Abuse
RSS ban in the pipeline