Posted by Sslee > 2024-06-19 14:17 | Report Abuse

For 3QFY2024, the Group registered Sales Revenue of RM637 million, an increase of 16% quarter on quarter. Its operational losses reduced to RM34 million in 3QFY2024 from a loss of RM59 million in 2QFY2024, representing a 42% improvement. Meanwhile, Sales Volume which had been growing since 4QFY2023 also continued its upward trend, rising 13% versus 2QFY2024, reflecting the Group’s steady recovery. The Group also achieved a Profit After Tax of RM62 million, up 255% compared with the preceding quarter. The Group’s enhanced performance was driven by
increasing glove demand and ongoing initiatives focused on quality and cost optimisation measures, as well as gains from the disposal of excess land.

Raw material prices for 3QFY2024 were on an uptrend quarter on quarter, with the average natural latex concentrate price up by 20% to RM6.77/kg, while the average nitrile latex price rose 16% to USD0.89/kg.

Posted by Lukey_Greek > 2024-06-19 14:17 | Report Abuse

Kelvinfixx, it means the profit margin drop (-ve operating margin). Malaysia glove players still have lower hand in the price negotiation process.

Posted by TiGongPoPiPopi > 2024-06-19 14:17 | Report Abuse

WoW. Taikor Green QR. Alot better than expected. Operating loss reduced further with higher revenue. This is a better than expected result. Can Limit Up later?

Posted by cooledhawk123654 > 2024-06-19 14:18 | Report Abuse

so price is going to up or down??

Posted by TiGongPoPiPopi > 2024-06-19 14:22 | Report Abuse

Up lah. Once in 2 yrs then get one Green QR. Market will celebrate Taikor Green QR. All glove ctrs will turn green today?

Posted by Davidl > 2024-06-19 14:24 | Report Abuse

At least we know that the worst is over now for topglove.

Posted by crazypapapoor > 2024-06-19 14:24 | Report Abuse

before covid 2019/11 - 2020/1, revenue 1B profit 125m. stock price 1.35/share
today 2024/6, revenue 600m, profit 58m. stock price 1.24/share

You judge lo. up or down.

Posted by yfchong > 2024-06-19 14:28 | Report Abuse

boleh lar., dapat credit... well done if you are not digging the figures deeper .

Posted by crazypapapoor > 2024-06-19 14:34 | Report Abuse

muahahahha

Posted by VincentTang > 2024-06-19 14:34 | Report Abuse

Warning, in Topglove QR got mentioned raw material price increase for glove. Better go buy FPHB, multibagger stock in year 2024

Posted by VincentTang > 2024-06-19 14:35 | Report Abuse

Sell all topglove to buy more FPHB. FPHB is the next multibagger stock in year 2024

Posted by bursabetss > 2024-06-19 14:40 | Report Abuse

TG lao sai

Posted by Albukhary > 2024-06-19 14:42 | Report Abuse

I see a very good sign in today Glove Counter.
Within 5 minute from the afternoon session, everyone take profit and runaway.
The entire market has loss their faith on Glove counter.
Everyone is trying to escape from glove counter.
Those retailer no longer aim for big profit (i.e. hoping the share price go back to RM2-3, now as long as earn 2-3 sen they willing to take profit or cut loss d.

I really hope one day all the Glove counter can back to their previous time, whereby only institute player, or long term retailer will buy, there is very little day trader or immature retailer transact glove counter.

Posted by yfchong > 2024-06-19 14:42 | Report Abuse

habis liao

Posted by crazypapapoor > 2024-06-19 14:44 | Report Abuse

keep bleeding from now. TG still black in this QR and coming QR.

Posted by salman > 2024-06-19 14:45 | Report Abuse

all in...buy TG good QR coming

Posted by Lukey_Greek > 2024-06-19 14:45 | Report Abuse

Market expectation was TG turn black in 2nd half (this quarter onwards) as per uncle Lim's interview with Sin Chew one month ago.

Posted by crazypapapoor > 2024-06-19 14:46 | Report Abuse

bye bye, sayonara

Posted by yfchong > 2024-06-19 14:47 | Report Abuse

now turn bukit....... bila lar 1.32

Posted by kuningNo1 > 2024-06-19 14:47 | Report Abuse

why keep drop

Posted by crazypapapoor > 2024-06-19 14:48 | Report Abuse

before covid 2019/11 - 2020/1, revenue 1B profit 125m. stock price 1.35/share
today 2024/6, revenue 600m, profit 58m. stock price 1.24/share

You judge lo. up or down.

Posted by salman > 2024-06-19 14:48 | Report Abuse

KUALA LUMPUR (June 19): Top Glove Corp Bhd (KL:TOPGLOV) has returned to the black in its third financial quarter ended May 31, 2024 (3QFY2024), after posting losses for the last seven consecutive quarters, primarily driven by stronger glove demand as customers replenished their glove inventories having cleared excess stocks.

Posted by Yu_and_Mee > 2024-06-19 14:49 | Report Abuse

QR not good as expected?

Posted by salman > 2024-06-19 14:51 | Report Abuse

"Customers from the US are expected to start moving away from outsourcing orders to China ahead of year 2025 when tariffs take effect, and Top Glove as a major glove exporter to the US is optimally positioned to capture more market share from the potential trade diversion," the glovemaker said

Posted by crazypapapoor > 2024-06-19 14:51 | Report Abuse

wait back below 1.00

Posted by yfchong > 2024-06-19 14:52 | Report Abuse

habis liao parking 1.00

Posted by Yu_and_Mee > 2024-06-19 14:54 | Report Abuse

result bad, price up
result good, price down
really?

Posted by kuningNo1 > 2024-06-19 14:55 | Report Abuse

why good result also bad??

Posted by crazypapapoor > 2024-06-19 14:55 | Report Abuse

this is good result? study more

Posted by WhiteMagic > 2024-06-19 14:59 | Report Abuse

PUMP & DUMP!

Posted by imbravo > 2024-06-19 15:04 | Report Abuse

drop can buy more

Posted by TiGongPoPiPopi > 2024-06-19 15:16 | Report Abuse

Shortists in action again?

Posted by Yu_and_Mee > 2024-06-19 15:28 | Report Abuse

if not good result, then bad result. if bad result then good price. hahaha

Posted by TiGongPoPiPopi > 2024-06-19 15:28 | Report Abuse

Green QR Taikor also can red. It means Taikor QR not up to the expectation?

Posted by LimPek1510 > 2024-06-19 15:30 | Report Abuse

Sold 1.24 3rd round locked profit.

See you next time.

Posted by EngineeringProfit > 2024-06-19 15:33 | Report Abuse

Closing 1.38?

Posted by messi88 > 2024-06-19 15:37 | Report Abuse

it means it wont let retail to earn money. those has insider news already run away

Posted by Yu_and_Mee > 2024-06-19 15:41 | Report Abuse

1.96

Posted by TiGongPoPiPopi > 2024-06-19 15:59 | Report Abuse

You very good sold at time at3 plus can get 1.24?


LimPek1510

Sold 1.24 3rd round locked profit.

See you next time.

27 minutes ago

Posted by TiGongPoPiPopi > 2024-06-19 16:00 | Report Abuse

Provided you are the shark?

EngineeringProfit

Closing 1.38?

26 minutes ago

Posted by TiGongPoPiPopi > 2024-06-19 16:00 | Report Abuse

You have to wait until next year?

Yu_and_Mee

1.96

19 minutes ago

Posted by TiGongPoPiPopi > 2024-06-19 16:01 | Report Abuse

Probably is like this.

messi88

it means it wont let retail to earn money. those has insider news already run away

23 minutes ago

Posted by pineapple > 2024-06-19 16:13 | Report Abuse

If fundamentals good . Any weakness provide opportunity to buy.

Posted by Iamnotasifu > 2024-06-19 16:13 | Report Abuse

it will back to white when closing, then go all the way to north!

Posted by ArianaGoh > 2024-06-19 17:41 | Report Abuse

Quick a shot! I thought Top glove will turn green in Q4 or next financial year. Kudos to Uncle Lim

Posted by SinGor > 2024-06-19 17:49 | Report Abuse

foreign fund sold making good profit

Posted by messi88 > 2024-06-19 18:53 | Report Abuse

those sold early today no need keep mention, those who still keep you have long term vision. sekian

Posted by Davidl > 2024-06-19 19:59 | Report Abuse

Price correction towards 1.00 now

Posted by NatsukoMishima > 2024-06-19 22:05 | Report Abuse

Sell asset to get so called profits , world no.1 glove leader , kindergarden IB , share price drop = really really hopeless for malaysia glove company !

Posted by NatsukoMishima > 2024-06-19 22:06 | Report Abuse

No wonder harta also follow to drop kaw kaw , because people realised malaysia glove already lost ground to China cheap but quality glove !