Posted by Vincenzo999 > 1 month ago | Report Abuse

Topglov last quarter revenue is 637million.

Assuming ASP increased from USD 20 per 1000 pieces to USD 21. That is a 5% increase and the demand also increased 10%.

Offsetting strengthen of Ringgit against USD about 5%.

Estimated revenue next quarter
= 637 * 1.05*1.10*0.95 = 698 million

Still higher than last quarter although there is 5% effect in exchange rate. The raw materials are purchased in USD, offsetting against revenue in USD. No big impact to the profit margin.

Based on this article gloves ASP raised USD 20 to USD 22 per 1000 pieces.

https://www.thestar.com.my/business/business-news/2024/08/05/higher-prices-in-second-half-to-buoy-glove-manufacturers


MARGMA estimated gloves demand to increase 10% annually.

https://www.bernama.com/en/news.php?id=2323758

Posted by Vincenzo999 > 1 month ago | Report Abuse

What are you talking about? I said offsetting the impact with increase in ASP and demand. This simple logic also cannot understand?

Mana you sekolah?

Posted by Vincenzo999 > 1 month ago | Report Abuse

This morning TG price 0.94. My paper lost narrow down to 4.08%. Regret that day queue 0.85. Should have queue at 0.86.

Posted by Vincenzo999 > 1 month ago |

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Posted by sirM4KU > 1 month ago | Report Abuse

Gloves are back....

Posted by Vincenzo999 > 1 month ago |

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Posted by Vincenzo999 > 1 month ago |

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Posted by Vincenzo999 > 1 month ago |

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Posted by Huangbk72 > 1 month ago | Report Abuse

Hahahha. Recovery for Harta doesnt seem to say the same to TG

Go read up both companies financials... maybe you will see daylight

If I were to go back and find my post, I fact checked you too many times in TG.

U really amateur.. 😁😁😁

Proven again.. correct me if I am wrong in saying buying Harta is better than TG 3 days or 4 days ago..

U cant right?

Did you call up Tan Sri Lim since he knows you by name.. Ask him what is the result for upcoming QR 🤣🤣🤣🤣🤣

Posted by Vincenzo999 > 1 month ago |

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Posted by Mikecyc > 1 month ago |

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Posted by Vincenzo999 > 1 month ago | Report Abuse

Welcome here Mike! Let's make Topglov great again!

Posted by Mikecyc > 1 month ago |

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Posted by Vincenzo999 > 1 month ago |

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Posted by Mikecyc > 1 month ago |

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Posted by Vincenzo999 > 1 month ago |

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Posted by Mikecyc > 1 month ago |

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Posted by NatsukoMishima > 1 month ago | Report Abuse

70 sens mari lah still hold !

Posted by Huangbk72 > 1 month ago |

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Posted by iTelex5 > 1 month ago | Report Abuse

Wah 85 cts I very xiong already.

Posted by iTelex5 > 1 month ago | Report Abuse

I think cannot come below today's level because support is very strong.

Posted by yfchong > 1 month ago | Report Abuse

bila boleh dapat mega sale.. ?

Posted by Ghazaar > 1 month ago | Report Abuse

Follow KWAP buy this time 😁

Posted by BuildBackBossku > 1 month ago | Report Abuse

RM1 next week

Posted by yfchong > 1 month ago | Report Abuse

KWAP likes trading yeah.,

Posted by kshinann > 1 month ago | Report Abuse

any thought about Sept financial result?

Posted by gloveshapiro > 1 month ago | Report Abuse

Big resistance yea

Posted by Gaussian > 1 month ago | Report Abuse

Jean Kaseya, head of the Africa Centres for Disease Control and Prevention (Africa’s CDC):

“With a heavy heart but with an unyielding commitment to our people, to our African citizens, we declare mpox a public health emergency of continental security.

Mpox has now crossed borders, affecting thousands across our continent. Families have been torn apart, and the pain and suffering have touched every corner of our continent.”

According to the CDC data as of August 4, there have been 38,465 cases of mpox and 1,456 deaths in Africa since January 2022.

Posted by chopstick > 1 month ago | Report Abuse

malaysia got a lot of mosquitoes!

https://www.news.com.au/travel/travel-updates/health-safety/warning-as-terrifying-sloth-virus-spreads-to-europe/news-story/751530414c304f96cccd37dbb91f0d90

Posted by hendrycheah > 1 month ago | Report Abuse

You may take Harta latest statement release to get a picture on the glove industry at the moment

The group’s improved performance for the quarter was primarily due to a recovery in sales volume and increased average selling prices (ASP) during the period," said the group in a statement.

"Profitability was further supported by lower operating costs driven by improved production efficiency with higher capacity utilisation, it added Kuan Mun Leong, CEO of Hartalega

kshinann

any thought about Sept financial result?

Posted by BuildBackBossku > 1 month ago | Report Abuse

JPMorgan changes view on Top Glove. Time to hentam ? 😁

Posted by kshinann > 1 month ago | Report Abuse

Thanks hendrycheah, lowering in USD to MYR cause impact to the profit? I am not sure if TG supply contract is in USD as well as meterial cost...

Posted by Jaeger > 1 month ago | Report Abuse

Gloves can fly today? WHO emergency

Posted by Dannyfyl88 > 1 month ago | Report Abuse

Bottom Fishing...

Posted by Sweetchocalates > 1 month ago | Report Abuse

Mpox!!!!

Posted by salman > 1 month ago | Report Abuse

BUY!!!.....Good QR coming

Posted by Ghazaar > 1 month ago | Report Abuse

Next QR will come in October .. Still long

Posted by Mtrade > 1 month ago | Report Abuse

First spread case in Sweden!

Posted by Mtrade > 1 month ago | Report Abuse

More cases in Europe more enquiry more sales for gloves!

Posted by Vincenzo888 > 1 month ago | Report Abuse

Sri Trang Agro-Industry Q2 net profit rises 471.3% to 628.4 million baht
Second-quarter Ebitda up 77.1% to 2.2 billion baht

Sri Trang Agro-Industry Q2 net profit rises 471.3% to 628.4 million baht https://www.businesstimes.com.sg/companies-markets/energy-commodities/sri-trang-agro-industry-q2-net-profit-rises-471-3-628-4-million-baht

Posted by Vincenzo888 > 1 month ago | Report Abuse

Sri Trang management said ASP has increased 9.6% QoQ!!!

The ASP in 2Q/2024 was THB 676 (USD 18.50) per 1,000 pieces, increasing 9.6% QoQ and 1.3% YoY following raw material costs rise. THB depreciated 2.9% QoQ against USD. However, price competition remained as the global glove industry is gradually shaking off the oversupply

Posted by OSWALD > 1 month ago | Report Abuse

https://www.malaymail.com/news/world/2024/08/16/china-enforces-six-months-of-mpox-screening-for-people-and-goods-on-arrival-following-who-alert/147175

Posted by BuildBackBossku > 1 month ago | Report Abuse

Let's see if Topglove can close at RM1 tdy or not 😀

Posted by Sweetchocalates > 1 month ago | Report Abuse

Now pakistan sweden reporting mpox cases. Better load up gloves. Spreading fast like crazy.