TOP GLOVE CORPORATION BHD

KLSE (MYR): TOPGLOV (7113)

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Last Price

1.14

Today's Change

-0.01 (0.87%)

Day's Change

1.13 - 1.16

Trading Volume

17,805,700


72 people like this.

203,282 comment(s). Last comment by BuildBackBossku 1 day ago

Posted by AngAngBoHaiLang > 1 month ago | Report Abuse

aiyo~~today very down, felt like monday blue

Income

12,440 posts

Posted by Income > 1 month ago | Report Abuse

This whole week if India 🇮🇳 kacau kacau will drop back to very low.
Like local said if you saw Indian and Snake at the same time, what do you do first???

xiaoeh

2,731 posts

Posted by xiaoeh > 1 month ago | Report Abuse

Posted by Income > 3 hours ago | Report Abuse
I got burnt here by Dirty Indian play.
Obviously they don’t like chlorinated glov making their hands white but their arms remain the same hue compared to their hands hue???

wah...
Income sifu got bought TopGlove meh...?
at what price leh..?

Income

12,440 posts

Posted by Income > 1 month ago | Report Abuse

Xiaoeh sifu… Rm1.02 lah
Crying 😭

xiaoeh

2,731 posts

Posted by xiaoeh > 1 month ago | Report Abuse

Posted by Income > 10 minutes ago | Report Abuse
Xiaoeh sifu… Rm1.02 lah
Crying 😭

no wori Income sifu
there is a one TopGlove sifu very famous one... ...
want to consult him...?
ask him what to do when price drop 3cent after purchased...

JovaneChua

507 posts

Posted by JovaneChua > 1 month ago | Report Abuse

I almost kill0d myself

Income

12,440 posts

Posted by Income > 1 month ago | Report Abuse

<Open> <Range>
Scib 12/09/2024 0.24, 0.215 - 0.245

Xiaoeh Sifu already reached your Tp. Did you buy Scib?

yfchong

5,879 posts

Posted by yfchong > 1 month ago | Report Abuse

Sudah
Game over.....

Posted by EatCoconutCanWin > 1 month ago | Report Abuse

Worst is damn over. Bank really good news

Posted by AngAngBoHaiLang > 1 month ago | Report Abuse

gg la, game over d, KWAP joined us for downhill party lolll..

hng33

20,510 posts

Posted by hng33 > 1 month ago | Report Abuse

bought topglove at 98.5sen

xiaoeh

2,731 posts

Posted by xiaoeh > 1 month ago | Report Abuse

Posted by Income > 4 hours ago | Report Abuse
Scib 12/09/2024 0.24, 0.215 - 0.245
Xiaoeh Sifu already reached your Tp. Did you buy Scib?

Income sifu
not yet hit 2 conditions
1) 0.210
2) overall mkt condition not heading to -ve

hng33

20,510 posts

Posted by hng33 > 1 month ago | Report Abuse

The U.S. government announced a sharp increase in tariffs on Chinese surgical gloves, raising rates to 50% for 2025 and 100% for 2026F.

The final modification imposes a much steeper tariff, which will significantly increase Chinese average selling prices (ASPs) to US$25.50/1K pcs by 2025 and US$34/1K pcs by 2026, from the current ASP of US$17/1K pcs. Given that Malaysian manufacturers' blended ASPs of US$19-21/1K pcs currently, Chinese ASPs are expected to exceed those of Malaysian producers by 21%-34% as early as next year. Hence, the reversal of the current price gap between Chinese and Malaysian gloves would enhance the competitive position of Malaysian players.


Remark: Topglove export about 15% of its glove to US marke

Huangbk72

5,068 posts

Posted by Huangbk72 > 1 month ago | Report Abuse

Is the new incoming USA president will keep to this? No one knows

Posted by hng33 > 15 minutes ago | Report Abuse

The U.S. government announced a sharp increase in tariffs on Chinese surgical gloves, raising rates to 50% for 2025 and 100% for 2026F.

stncws

10,711 posts

Posted by stncws > 1 month ago | Report Abuse

of course no one know......

hng33

20,510 posts

Posted by hng33 > 1 month ago | Report Abuse

Both republican and democrats party are practicing anti-China policy. It will only intensify these critical policy in future to further limit reliance on China on medical supplies and eventually US self-sufficient in medical equipment

'Public Health Is a National Security Issue'

Vincenzo999

1,096 posts

Posted by Vincenzo999 > 1 month ago | Report Abuse

Bought TG this morning, target to lock profit for the 5th round 👍

stncws

10,711 posts

Posted by stncws > 1 month ago | Report Abuse

this price can add on !

hng33

20,510 posts

Posted by hng33 > 1 month ago | Report Abuse

The impact on USD weakness is mitigated by fact that 40% of glove manufacture cost are also denominated in USD.

The remain negative impact on USD weakness can easily offset entirely by increase glove ASP which have big room of hike in 2025 by 20% from current US$19-21/1K pcs to US$25.50/1K pcs by 2025 to match Chinese glove and further 40% hike ASP potential US$34/1K pcs by 2026 match Chinese glove.

Glove profitability in USD= ASP hike + globve volume sold - (feedcost in USD)

Remark: The impact on USD weakness is NOT only affect Msia glove manufacture, but also affect Thai and China glove manufacture.

USD weakness by 12.5% in RM
USD weakness by 10.9% in Thai bath
USD weakness by 3.5% in Chinese Yuan

Therefore, all top 3 top global glove maker will collectively demand ASP hike to offset USD weakness

hng33

20,510 posts

Posted by hng33 > 1 month ago | Report Abuse

A lot of oversea stockpile previous accumulate during pandemic time have depleted or expire as glove only have shelf life of 3 year, therefore, upon reach expiry, oversea buyer have to dispose off and restart placement order to glove manufacture for new batch of glove, volume load will increase exponentially

Posted by InfinityTifanny > 1 month ago | Report Abuse

Great, pass through RM1 once again 😀

Income

12,440 posts

Posted by Income > 1 month ago | Report Abuse

xiaoeh
2506 posts
Posted by xiaoeh > Sep 25, 2024 8:29 PM | Report Abuse
wah...
Income sifu got bought TopGlove meh...?
at what price leh..?

Posted by Income > Sep 25, 2024 8:53 PM | Report Abuse X
Xiaoeh sifu… Rm1.02 lah
Crying 😭

Whahhh back to Rm1.02 *
Tambah minyak laa

Income

12,440 posts

Posted by Income > 1 month ago | Report Abuse

Posted by hng33 > Sep 26, 2024 4:03 PM | Report Abuse

A lot of oversea stockpile previous accumulate during pandemic time have depleted or expire as glove only have shelf life of 3 year, therefore, upon reach expiry, oversea buyer have to dispose off and restart placement order to glove manufacture for new batch of glove, volume load will increase exponentially



Overseas don't dispose old stockpile. They sell cheaply to India or Africa. Siapa mau rugi? That's India shouting now。

xiaoeh

2,731 posts

Posted by xiaoeh > 1 month ago | Report Abuse

Posted by Income > 1 hour ago | Report Abuse

Whahhh back to Rm1.02 *
Tambah minyak laa

Wah... ...
Income sifu time the market cun cun....

Posted by GlobalEquity > 1 month ago | Report Abuse

*** "Bad" news for Bursa!
*** Tides have turned: It's a sin not to pivot to Hang Seng!
*** China unleashed hundreds of billions in stimulus packages, and more to come !
*** Chance of a lifetime!

hng33

20,510 posts

Posted by hng33 > 1 month ago | Report Abuse

This tariff move removes the underutilization of glove makers with a very high margin. Profits are coming back.

hng33

20,510 posts

Posted by hng33 > 1 month ago | Report Abuse

With tumbling in crude oil price now, glove maker energy cost and major raw material cost, nitrile butadiene will decrease substantially. Both energy and raw material collectively form 20% and 30% respectively, input cost in glove manufacturing. Raw material cost is denominator in USD, offer natural hedge again weak USD

Incoming US traffic 50% surcharge on competitor China glove will prompt Msia hike ASP more than offset weakness in USD. This tariff move removes the underutilization of glove makers with a very high margin. Profits are coming back.

Loh Kok Wai W

3,717 posts

Posted by Loh Kok Wai W > 1 month ago | Report Abuse

income dulu nama ular...

hng33

20,510 posts

Posted by hng33 > 1 month ago | Report Abuse

Based on The Office of the United States Trade Representative (USTR) announced final modifications concerning the statutory review of the tariff actions in the Section 301 investigation of the People's Republic of China's (PRC) Acts, Aside Medical Gloves. Increase rate to 50 percent in 2025 and 100 percent in 2026.

Another glove manufacture product, facemask also impose tax increament. Face Masks. Increase rate to 25 percent in 2025 and 50 percent in 2026

xiaoeh

2,731 posts

Posted by xiaoeh > 1 month ago | Report Abuse

Posted by Loh Kok Wai W > 20 minutes ago | Report Abuse
income dulu nama ular...

what...?!!
cun bo...Mr Loh...?
unlikely laa....
Income sifu...

Income

12,440 posts

Posted by Income > 1 month ago | Report Abuse

Posted by xiaoeh > Sep 26, 2024 11:33 PM | Report Abuse

Posted by Loh Kok Wai W > 20 minutes ago | Report Abuse
income dulu nama ular...

what...?!!
cun bo...Mr Loh...?
unlikely laa....
Income sifu...




Saman malu itu LKW. I'm not ular。Go to check your eyesight s,

xiaoeh

2,731 posts

Posted by xiaoeh > 1 month ago | Report Abuse

Posted by Income > 3 hours ago | Report Abuse
Saman malu itu LKW. I'm not ular。Go to check your eyesight s,

i believe Income sifu and Ular are 2 different person
although unable to identify from shape and size...
but be it the temperament and syntax used etc are totally different!

Posted by AngAngBoHaiLang > 1 month ago | Report Abuse

Black Friday

Income

12,440 posts

Posted by Income > 1 month ago | Report Abuse

Kenanga:
With a less acute oversupply situation, it estimates that the demand-supply situation will only start to head towards equilibrium in 2026 when there is no more net new capacity coming onstream while the global demand for gloves continues to rise by 15% per year.

Maintaining its “market outperform” call on Top Glove but raising the target price to RM1.02 from RM0.97 previously, Kenanga Research said



Only 2026, equilibrium in hospital stock of gloves and
Wah no meat left on Bak kut Teh - only bones ahyohhh!

Income

12,440 posts

Posted by Income > 1 month ago | Report Abuse

Where is Sawa?
Sawa Went to Genting to Ahmoiing?
Hahaha

Income

12,440 posts

Posted by Income > 1 month ago | Report Abuse

Where is Sawa?
Sawa Went to Genting to Ahmoiing?
Hahaha
Sawawife not jealous? OMG

Income

12,440 posts

Posted by Income > 1 month ago | Report Abuse

I think tglov need to make body glove to make more money。Mpox need better protection using body glove

Income

12,440 posts

Posted by Income > 1 month ago | Report Abuse

Suddenly kurang stim already?

Income

12,440 posts

Posted by Income > 1 month ago | Report Abuse

Come on. All ah Kong ah mah, Please buy to support Top G。

Huangbk72

5,068 posts

Posted by Huangbk72 > 1 month ago | Report Abuse

Cannot support gloves for now. Worried USD - MYR hit 4.00 and below

Then confirm TG masuk ICU. Today:
HLB bank buy rate 4.03
MBB buy rate 4.05

TG GP margin below 5% cannot withstand this shock

xiaoeh

2,731 posts

Posted by xiaoeh > 1 month ago | Report Abuse

Posted by Loh Kok Wai W > 17 hours ago | Report Abuse
income dulu nama ular...

Posted by xiaoeh > 7 hours ago | Report Abuse
Posted by Income > 3 hours ago | Report Abuse
Saman malu itu LKW. I'm not ular。Go to check your eyesight s,
i believe Income sifu and Ular are 2 different person
although unable to identify from shape and size...
but be it the temperament and syntax used etc are totally different!

Mr Loh is right, genius
i3 is a learning place...😂

Income

12,440 posts

Posted by Income > 1 month ago | Report Abuse

Posted by xiaoeh > Sep 27, 2024 4:48 PM | Report Abuse

Posted by Loh Kok Wai W > 17 hours ago | Report Abuse
income dulu nama ular...

Posted by xiaoeh > 7 hours ago | Report Abuse
Posted by Income > 3 hours ago | Report Abuse
Saman malu itu LKW. I'm not ular。Go to check your eyesight s,
i believe Income sifu and Ular are 2 different person
although unable to identify from shape and size...
but be it the temperament and syntax used etc are totally different!

Mr Loh is right, genius
i3 is a learning place...😂




xiaoeh,what do u mean?

xiaoeh

2,731 posts

Posted by xiaoeh > 1 month ago | Report Abuse

Posted by Income > 3 hours ago | Report Abuse
Posted by Loh Kok Wai W > 17 hours ago | Report Abuse
income dulu nama ular...
Mr Loh is right, genius
i3 is a learning place...😂

xiaoeh,what do u mean?

Income sifu
it doesn't who we are that matter
it is what we learn from here i3 matter
maybe i'm the one Ular which nobody detected ever since i disappeared
or maybe i'm the one Mr Huang, i3Lucker or maybe i'm Mr Loh who knows...
just enjoy learning in here i3 😂

Posted by edwing9981 > 1 month ago |

Post removed.Why?

Huangbk72

5,068 posts

Posted by Huangbk72 > 1 month ago | Report Abuse

Eh Coconut Felix.. U posted same message using Jeffrey

U forgot to change id and using edwing now? 🤣🤣🤣

Posted by edwing9981 > 17 seconds ago | Report Abuse

This Auntie Huang Bok Kai 🥒 is a dumb investor. She follows IB sing the same song.

Demand is increasing 20% to 30% MoM, production capacity increased from 50% last year to 70% now. ASP price going to fly to the moon..this joker is looking at exchange rate only.

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