Maybank Challenging ASP outlook; D/G to SELL TOPG FY21 core net profit of MYR8.1b came in below our and consensus estimates. Management expects ASP to continue falling by -8% to -10% MoM in the coming quarters and will only stabilise in early 22. We lower our FY22/23 EPS forecasts by -75%/-53% after lowering our FY22/23 average ASP assumptions to USD25.5/21.4 per 1,000 pcs. We now value TOPG at MYR1.68
Tonyfa's wish comes true. PE 1. Just to get u updated. Your valuation using forecasted asp x expected future production capacity masuk longkang liao. All glove makers including Intco have slowed down their expansion plans to avoid glut. Now no fund dare to touch glove until clearer datas are available.
I am no expert but BUY rm2.50 to rm2.55 is bargain price. All retailers buy or hold , Mongrel shorties will lose , they are too arrogant because they have so much funds to manipulate the market and they know that retailers are easy prey . There s many conflicting analysis therefore the sentiment is "running scared"
Stanley punya luxury condo neighbors include Ray Dalio, Cathie Wood, Bill Ackman, etc. During meet the neighbor session, he told them the ridiculous low price this highly profitable company is selling now. Think got chance his neighbor will onboard soon.
shorting gang spend every hour of their life awake dissing gloves, badmouthing gloves, attacking gloves, talking gloves down, in order to drag glove stock price down
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
RSS shorting gang are not really concerned about us losing our money
They're actually concerned about themselves losing their money, when their scaremongering job doesn't work on us anymore & they fail to drag the stock price down further
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....
Konan88
23 posts
Posted by Konan88 > 2021-09-20 06:12 | Report Abuse
I put the link below. Do not lose without fighting against bully. Go and like him and praise him on rss ban.
https://www.facebook.com/najibrazak/videos/466164404363222