TOP GLOVE CORPORATION BHD

KLSE (MYR): TOPGLOV (7113)

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Last Price

1.13

Today's Change

+0.02 (1.80%)

Day's Change

1.11 - 1.13

Trading Volume

18,431,600


72 people like this.

203,275 comment(s). Last comment by yfchong 1 day ago

alenac

2,655 posts

Posted by alenac > 2024-03-20 16:48 | Report Abuse

Owner Goreng the shares, dun get caught before a big drop. The question is when gonna happened.

Realrich

1,410 posts

Posted by Realrich > 2024-03-20 16:54 | Report Abuse

alenac I agree with you. Owner goreng and caught you. The QR result making losses 51m

Posted by Balian de Ibelin > 2024-03-20 16:55 | Report Abuse

must Force Lim Jai to buy before it drops to 30 sen 😁👍
being 50% of NTA for negative growth companies

goflykite

349 posts

Posted by goflykite > 2024-03-20 16:56 | Report Abuse

RESULTS SHOWED IMPROVEMENT AS COMPARED TO PREVIOUS QUATER...IT IS REAL!!

Posted by Balian de Ibelin > 2024-03-20 16:59 | Report Abuse

funny feller!
improvement in losses???
another 50 years of losses 😁

Posted by Balian de Ibelin > 2024-03-20 17:03 | Report Abuse

which fool want to buy a company with 50 years of losses?

KimSua

510 posts

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

Another news to wait is the US tariff exclusion on gloves import from China. Which ends on may 31st. Biden should announce it end of April. America manufacturer association is lobbying to ensure to end the exclusion and impose back 25 % tariff since covid has long end. SUPERMX main beneficiary but will be positive for all top 4

Mini2021

1,467 posts

Posted by Mini2021 > 2024-03-20 17:07 | Report Abuse

RM 68million transaction.....still a big taikor in Bursa

Posted by EatCoconutCanWin > 2024-03-20 17:10 | Report Abuse

buy all you can

UlarSawa

35,552 posts

Posted by UlarSawa > 2024-03-20 17:12 |

Post removed.Why?

UlarSawa

35,552 posts

Posted by UlarSawa > 2024-03-20 17:15 |

Post removed.Why?

Mini2021

1,467 posts

Posted by Mini2021 > 2024-03-20 17:15 | Report Abuse

Revenue 4Q RM475 million, 1Q RM493 million and 2Q RM 550 million..... what are you waiting for??

UlarSawa

35,552 posts

Posted by UlarSawa > 2024-03-20 17:17 |

Post removed.Why?

UlarSawa

35,552 posts

Posted by UlarSawa > 2024-03-20 17:19 |

Post removed.Why?

Posted by Balian de Ibelin > 2024-03-20 17:21 | Report Abuse

if still losses this QR => means did not chop enough lines.
Still insist on staff and machines not working => losses for next 50 years

just chopped 10% of cancer.

=> 90% of cancer leave inside body to enjoy !! 😁👍

goflykite

349 posts

Posted by goflykite > 2024-03-20 17:44 | Report Abuse

TG WILL BREAK EVEN YEAR END AND PROFIT STARTS COMING IN YEAR 2025...ACCUMULATING.....

xiaoeh

2,701 posts

Posted by xiaoeh > 2024-03-20 17:46 | Report Abuse

Ai ya....
Got improvement la..
Short term share price driven by mkt emotion ma...
Not a buy or sell call

Mini2021

1,467 posts

Posted by Mini2021 > 2024-03-20 19:04 | Report Abuse

In the quarter report , it mentioned that miss matched of selling price and the cost of sudden spike in material such as latex price. This maybe the reason why we not able to see better quarter result in current quarter. I speculating that this may due to the miss management of the department. If not high possibly this quarter will turn green as the spike in the latex price almost 15%.

KimSua

510 posts

Posted by KimSua > 2024-03-20 19:22 | Report Abuse

net short position stable at 0.74 %for 18 and 19 march. Most likely a short covering rally. Have to observe todays short selling trend report tmrow. Resistance at 0.9 , i doubt will hold long.

LimPek1510

211 posts

Posted by LimPek1510 > 2024-03-20 20:13 |

Post removed.Why?

UlarSawa

35,552 posts

Posted by UlarSawa > 2024-03-20 20:28 |

Post removed.Why?

CaoCao

183 posts

Posted by CaoCao > 2024-03-20 20:33 | Report Abuse

Today's press conference Tan Sri already announced very good news! ASP price finally increased!!! ASP price increased!!! Sales increased!!!!

The company is optimistic that the strong growth momentum will continue as customers continue to replenish depleted glove stocks.

While driven by the rebound in demand, Lin Weicai pointed out that glove manufacturers in China and Thailand have been raising the average selling price of gloves by about 10% to 15% to pass on the increase in raw material costs.

"Our average selling price of gloves is also expected to increase by 10% from the previous quarter, mainly depending on supply demand."

For example, he said that the decline in average selling prices in the past year was due to sluggish demand. Now that demand is growing, prices will naturally increase accordingly.

He continued that the company's weekly order volume has grown strongly. Assuming a growth rate of about 18 to 20%, weekly orders in April will reach 500 million to 600 million units.

CaoCao

183 posts

Posted by CaoCao > 2024-03-20 20:36 | Report Abuse

V-shaped recovery trend restarted!!

ASP price finally u-turned from the bottom.

Hahahahaha luckily I bought my biggest batch at 0.795. 😎😎😎😎

Realrich

1,410 posts

Posted by Realrich > 2024-03-20 20:40 | Report Abuse

Next buy price should be 0.74 all throw ticket first don't buy high price from operator and catch by operator

CaoCao

183 posts

Posted by CaoCao > 2024-03-20 20:43 | Report Abuse

You mimpi time meet Mr. Tan Ku Ku then you probably can get 0.75.

Hello ASP price has increased! Sales increased!

xiaoeh

2,701 posts

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

Realsifu
here got many realsifus are watching to you leh.....
0.74...

xiaoeh

2,701 posts

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

Posted by LimPek1510 > 30 minutes ago | Report Abuse
This QR result is below my expectations.
Lost slightly lower than previous quarter, I was expecting lost below 10mil.
Sales increased 13% QoQ lower than my expected but if Auntie Huang accepted my challenge she should already gone from TG forum by now.
I didn't accept Auntie Huang`s condition challenge on QR profit because the ASP price still at the bottom. How could TG generate a profit with such low ASP. China glove maker also suffering operating lost.
I keep telling dumbasss like Auntie Huang and UlarSawa. Share investment is talking about future, don't look back and don't look at current situation, looking forward.
To thus who bought at bottom low at 0.79, congratulations!!!
Too bad for Xiaoeh talk too much but didn't grab the low hanging fruits.

wah...
u r right Uncle Limbek...
miss the boat liao....

Huangbk72

5,066 posts

Posted by Huangbk72 > 2024-03-20 20:58 |

Post removed.Why?

xiaoeh

2,701 posts

Posted by xiaoeh > 2024-03-20 21:17 | Report Abuse

wah...
there is still a lot of underlying thing that affect Glove profit...
Thanks Mr Huang for highlighting
the more i learn
the more i feel that i know nothing...

CaoCao

183 posts

Posted by CaoCao > 2024-03-20 21:25 |

Post removed.Why?

Huangbk72

5,066 posts

Posted by Huangbk72 > 2024-03-20 21:43 |

Post removed.Why?

Mini2021

1,467 posts

Posted by Mini2021 > 2024-03-20 21:44 | Report Abuse

Rubber gloves for January 2024 increase from 1 billion to RM 2 billion...this is fact.... I think Harta and Kossan sales included a lot in that 2 billion..... these 2 brothers will move first ....UPTREND confirmed.

CaoCao

183 posts

Posted by CaoCao > 2024-03-20 21:46 |

Post removed.Why?

CaoCao

183 posts

Posted by CaoCao > 2024-03-20 21:48 |

Post removed.Why?

CaoCao

183 posts

Posted by CaoCao > 2024-03-20 21:48 | Report Abuse

Hurray! ASP price finally increased!!!

Let's celebrate this victory!!!

Mini2021

1,467 posts

Posted by Mini2021 > 2024-03-20 21:49 | Report Abuse

No matter you like or not like the revenue for next quarter will up to RM 700 million ....

Huangbk72

5,066 posts

Posted by Huangbk72 > 2024-03-20 21:49 |

Post removed.Why?

Mini2021

1,467 posts

Posted by Mini2021 > 2024-03-20 21:50 | Report Abuse

I miss Harta at RM 1.4+.....now Topglov is the only chance for me.....Kossan I miss at Rm 0.8 ....

Mini2021

1,467 posts

Posted by Mini2021 > 2024-03-20 21:52 | Report Abuse

Hi Huang,
If tomorrow down mean some one is selling and they willing sell at cheaper price.

super911

300 posts

Posted by super911 > 2024-03-20 21:53 | Report Abuse

Sales Volume Up + ASP Up = ?

Get ready for RM1 this week!

Huangbk72

5,066 posts

Posted by Huangbk72 > 2024-03-20 21:55 |

Post removed.Why?

super911

300 posts

Posted by super911 > 2024-03-20 21:56 | Report Abuse

Jangan gaduh gaduh. No matter what, there is only one direction for gloves -> Up Up Up

Huangbk72

5,066 posts

Posted by Huangbk72 > 2024-03-20 22:14 |

Post removed.Why?

xiaoeh

2,701 posts

Posted by xiaoeh > 2024-03-20 22:29 | Report Abuse

i always learn especially from the gaduh gaduh...😂
learn how to read in between the lines from financial report
learn how to deal with in the gaduh gaduh for the future if i were to in the same situation
learn how to organize my thinking...
i3 is the place to learn...
love i3

xiaoeh

2,701 posts

Posted by xiaoeh > 2024-03-20 22:32 | Report Abuse

also learn to let go if miss the boat
there is nothing i can do if boat leave without me
we can learn almost everything in i3

CaoCao

183 posts

Posted by CaoCao > 2024-03-20 23:12 | Report Abuse

Did you read this? Wow expected sales and revenue up 20% next quarter with ASP price increased 5% to 10%!!



According to Lim, the group’s weekly sales volume improved to up to 600 million pieces of gloves in March and April, from about 400 million and 500 million pieces previously.

“The price (for gloves) also increased another 5% to 10%, so next quarter's sales and revenue should increase by more than 20%,” Lim said.

CaoCao

183 posts

Posted by CaoCao > 2024-03-20 23:14 | Report Abuse

Impact from red sea crisis is minimum because TG`s selling price mainly are FOB price. Meaning the buyer paying for the shipping cost. Great price strategy TG smart one!!

KimSua

510 posts

Posted by KimSua > 2024-03-21 06:28 | Report Abuse

Buy lah. Many good news to trigger a rally.1) May-Us China tariff review, high possibility to reinstate 25% tariff for medical products 2) April ~KOSSAN qtrly follow by HARTA. Supermax lifeline will be determined by the US operation loss/gain

UlarSawa

35,552 posts

Posted by UlarSawa > 2024-03-21 08:15 |

Post removed.Why?

UlarSawa

35,552 posts

Posted by UlarSawa > 2024-03-21 08:18 |

Post removed.Why?

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