Posted by CaoCao > 2024-03-20 10:41 | Report Abuse

V-shaped recovery coming!

Posted by 5231428 > 2024-03-20 10:50 | Report Abuse

Just the start of the uptrend.

Posted by EngineeringProfit > 2024-03-20 11:00 | Report Abuse

Another round of gloved party kah?

Posted by 5231428 > 2024-03-20 11:03 | Report Abuse

No choice,have to think positively.

Posted by UlarSawa > 2024-03-20 11:18 |

Post removed.Why?

Posted by Ghazaar > 2024-03-20 11:55 | Report Abuse

Party starts before q2 result is out? 😃

Posted by salman > 2024-03-20 13:04 | Report Abuse

good news coming....BUY!!!

Posted by Medusa > 2024-03-20 13:04 | Report Abuse

Below expectation

Runnnnnnnnnnnnnnnnnnnnnnnnnnnn

Kikiki…

For 2QFY2024, the Group’s Sales Revenue was RM550 million, an increase of 12% from RM493
million in the preceding quarter. Loss After Tax was RM40 million, continuing to narrow by 15% from
RM47 million in the preceding quarter. Notably, the Group’s EBITDA was positive at RM29 million, a
38% improvement against 1QFY2024; while Sales Volume strengthened by 18% against the preceding
quarter. During the quarter, natural rubber latex concentrate prices rose at a much faster rate, from an
average of RM4.91/kg at end November 2023 to RM5.66/kg at end February 2024, a spike of 15%.
This sharp increase caused a mismatch with average selling prices (ASPs), thereby affecting margins.

However, the strong growth in Sales Volume helped increase utilisation, thereby improving production
and cost efficiency, which mitigated the mismatch. The significant increase in Sales Volume also
provides a good indication that glove demand is picking up strongly on the back of excess inventory
depletion.

On a half yearly basis, the Group registered 1HFY2024 Sales Revenue of RM1.04 billion. Loss After
Tax for 1HFY2024 reduced substantially to RM87 million, contracting by an impressive 72% year on
year. Meanwhile, its 1HFY2024 EBITDA turned positive, improving 140% to RM50 million year on
year.

Posted by Balian de Ibelin > 2024-03-20 13:08 | Report Abuse

I sat for SPM.


YeeSauForFelix1510

Felix will lose as her ENGLAND very poor...can tell you how good her education..Ular ngam ngam passed SPM

Posted by BursaVulture > 2024-03-20 13:16 | Report Abuse

2:30 up or down? every quarter says next quarter will be better....

Posted by Huangbk72 > 2024-03-20 13:36 |

Post removed.Why?

Posted by 8dragon > 2024-03-20 13:42 | Report Abuse

China doesn't rely too much on importing gloves anymore as they're self sufficient in gloves. This has negative impact on our gloves manufacturer..

Posted by xiaoeh > 2024-03-20 14:00 | Report Abuse

ok la...
got improvement
do not expect an average score student to get distinction by 1 or 2 semesters ma..

Posted by Albukhary > 2024-03-20 14:11 | Report Abuse

If Top Glove sales can increase 10% from RM493mil to RM550mil, then I believe other glove company (i.e. Harta, Kossan) which have higher plant utilisation could have higher sales increase, at least 20-30% compare to last quarter.

Posted by godhand > 2024-03-20 14:19 | Report Abuse

Albukhary

If Top Glove sales can increase 10% from RM493mil to RM550mil, then I believe other glove company (i.e. Harta, Kossan) which have higher plant utilisation could have higher sales increase, at least 20-30% compare to last quarter.

Harta would have higher revenue if its not because of red sea issue

Posted by Huangbk72 > 2024-03-20 14:19 | Report Abuse

Sales increase but GP will not.

After latex price jump.. Upcoming QR, will be Gas price jump.

Posted by Albukhary > 7 minutes ago | Report Abuse

If Top Glove sales can increase 10% from RM493mil to RM550mil, then I believe other glove company (i.e. Harta, Kossan) which have higher plant utilisation could have higher sales increase, at least 20-30% compare to last quarter.

Posted by Mini2021 > 2024-03-20 14:37 | Report Abuse

V shape recovery..... You will not able to buy Harta at Rm 1.4 any more.... soon you will not able to buy Topglove below RM 1 anymore...

Posted by EatCoconutCanWin > 2024-03-20 14:37 | Report Abuse

glove boycott as the hand logo is from god

Posted by Mini2021 > 2024-03-20 14:38 | Report Abuse

Once Harta and Kossan Result coming quarter out....bye bye to RM 1

Posted by Patron > 2024-03-20 14:44 | Report Abuse

dont focus on ASP or PAT..
most importantly utilisation rate ( sales volume ) has to go up
price (profit) will only go up if the sales volume (utilisation rate) picks up
eventually things will normalize

Posted by Mini2021 > 2024-03-20 14:57 | Report Abuse

First TP RM 1

Posted by 5231428 > 2024-03-20 14:59 | Report Abuse

Recovery in motion.

Posted by xiaoeh > 2024-03-20 15:09 | Report Abuse

wah...
flying...
miss the boat...

Posted by Mini2021 > 2024-03-20 15:11 | Report Abuse

As an intelligent investor you should buy for future in which the revenue keep improving .....In stock market the price will run first and at least 3-6 months before the improving result announce...

Posted by Mini2021 > 2024-03-20 15:21 | Report Abuse

Harta and Kossan result announcement will bring this taikor elephant to RM 1..... all the best guys...

Posted by UlarSawa > 2024-03-20 15:22 |

Post removed.Why?

Posted by MikeyChan > 2024-03-20 15:24 | Report Abuse

Not bad. Revenue continues to increase qoq and net loss is reduced slightly

Posted by UlarSawa > 2024-03-20 15:30 |

Post removed.Why?

Posted by UlarSawa > 2024-03-20 15:32 |

Post removed.Why?

Posted by xiaoeh > 2024-03-20 15:34 | Report Abuse

Posted by UlarSawa > 3 minutes ago | Report Abuse
Haiyoh Pusing Queen you ada rum road or not. If ada better update the public leh. Dont senyap senyap run road hor. Haiyoh. Boleh?

do not worry la Ular sifu
my sifu is very responsible and will not abandon me one

Posted by EatCoconutCanWin > 2024-03-20 15:37 | Report Abuse

Bought 0.86 30k. Bottom fish

Posted by Realrich > 2024-03-20 15:45 | Report Abuse

Eatcoco qr losses again run as fast as possible

Posted by Mini2021 > 2024-03-20 15:49 | Report Abuse

Eat coco: no good for cheating ...0.60 transaction only 1k + how you buy 30k?

Posted by xiaoeh > 2024-03-20 15:49 | Report Abuse

Posted by Realrich > 3 minutes ago | Report Abuse
Eatcoco qr losses again run as fast as possible

Realsifu
can share link?

Posted by Realrich > 2024-03-20 15:55 | Report Abuse

Mini yes eatcoco cheating you buy 0.86 but he don't buy

Posted by Realrich > 2024-03-20 15:57 | Report Abuse

Xiaoeh top glove lose 51.2m again. The result not good operator push up and sale to you.

Posted by Realrich > 2024-03-20 16:00 | Report Abuse

Xiaoeh top glove wait 0.74 buy call

Posted by xiaoeh > 2024-03-20 16:01 | Report Abuse

Posted by Realrich > 3 minutes ago | Report Abuse
Eatcoco qr losses again run as fast as possible
Realsifu
can share link?

oh...
Eatcoco = EatCoconutCanWin..
i thought another glove company...
what a dumb me😂

Posted by xiaoeh > 2024-03-20 16:02 | Report Abuse

Posted by Realrich > 50 seconds ago | Report Abuse
Xiaoeh top glove wait 0.74 buy call

Realsifu
what indicators u use?
why 0.740?
will u buy?

Posted by EatCoconutCanWin > 2024-03-20 16:03 | Report Abuse

0.855 to 0.86 la... Buy la.. can up rm1

Posted by 5231428 > 2024-03-20 16:06 | Report Abuse

Directors bought at 0.90 still cheap.

Posted by Realrich > 2024-03-20 16:06 | Report Abuse

Eatcoco qr losses 51m again how to up Rm1 so funny

Posted by 5231428 > 2024-03-20 16:12 | Report Abuse

For sure by next qr, above 1.00.

Posted by Realrich > 2024-03-20 16:13 | Report Abuse

By 3 month later just buy also can. Now will drop to 0.74 within 1 months

Posted by xiaoeh > 2024-03-20 16:17 | Report Abuse

Posted by Realrich > 1 minute ago | Report Abuse
By 3 month later just buy also can. Now will drop to 0.74 within 1 months

why so sure of 0.74 within 1 month leh Realsifu
share share leh...

Posted by Burdoc > 2024-03-20 16:19 | Report Abuse

when you got chance to buy TG as low as 80 cents if not now. my 2 cents. :)

Posted by 5231428 > 2024-03-20 16:27 | Report Abuse

Let's see the latest IB price target.

Posted by Realrich > 2024-03-20 16:29 | Report Abuse

Xiaoeh operator tactics push up sale to you after that push down force you sale back to them

Posted by Mini2021 > 2024-03-20 16:45 | Report Abuse

Buy for future! If not now ? when? RM 100?

Posted by BuildBackBossku > 2024-03-20 16:47 | Report Abuse

Come back is real? It will break 90 cents?