Auntie Huang Bok Kai dumbass cucumber 🥒 was on hibernation for one month because lost naked in China market. Still thick face bullshit here ke? Where is your record? Show us!!
I have locked profit 4 rounds in TG alone. More than 💯 % gain in past 6 months. All buy and sell decisions recorded here. Ask your good friend UlarSawa.
For example this Bester still in lost more than 20% ma. President Xi' going to con you for 2nd round, your mark my statement today. One month later you check again what I said today is true or not. China Bester Group Telecom Co Ltd SHA: 603220 Overview Compare Financials 20.28 CNY -5.20 (-20.41%)past 6 months 27 Sept, 3:00 pm GMT+8 • Disclaimer
Ringgit likely to hit RM3.55 to US dollar - 28 Sep 2024 BMI has a bullish view on the ringgit which it forecast to strengthen further as interest-rate differential between the United States and Malaysia narrows with further rate cuts by the US Federal Reserve (Fed) in 2024 and 2025.
1. The Group is optimistic that the strong growth momentum will sustain, as customers continue replenishing their depleting glove stockpiles. The group continues to see MoM uptrend in sales volume in Sept 2024 and expects customers’ replenishment activity to pick up in subsequent quarters, underpinned by inventory rebuilding by distributors, indicating that demand recovery had further gained momentum. Presently, its sales volume had strengthened 25%-30% MoM, bringing utilisation rate to 65%-70% vs. our assumption of 55% in FY25 (based on 64b pieces capacity) compared to 45% in 3QFY24. Recall, it has previously highlighted that the bulk of a shipment delay in 3QFY24 estimated at 500m pieces had already been shipped and will be booked in 4QFY24.
2. It is optimistic that ASPs are expected to inch up gradually, potentially by 5%-15% or USD0.80 - USD1.50 per 1,000 pieces due to the uptick in demand and mitigation against the appreciating MYR against USD. However, due to the lag impact, ASP increases will only be felt gradually starting from Nov-Dec CY24. We believe predatory pricing by certain overseas players (i.e. selling below cost over an extended period to eliminate competition) have diminished as Chinese players’ utilization hit >90% While TOPGLOV is silent on existing ASP, we estimate every USD1 change impacts earnings by below 2%. We conservatively assumed ASP of USD20/1,000 pieces in our earnings model.
3. The group highlight that its exports to the US is continuing to show improvement which currently accounts for 28%-30% of its geographical sales mix. As an indication, TOPGLOV has seen its volume sales from the US market raising 20% YoY to account for 15% in 9MFY24 compared to pre-pandemic average of 20%-30%.
Don't be fooled by the fake rebound. Once the QR report release, it will drop to 0.80 something. Previous QR report proved it. Sell all before too late!
Fed Chair Jerome Powell hinted the central bank is not in a rush to rapidly cut rates.
Better invest in defensive healthcare related stock, glove is essential and stiff China competition is easing due to upcoming 50% tax levy in 2025 and 100% tax levy in 2026
Key Drivers of Growth Top Glove’s positive outlook stems from several strategic initiatives and external factors:
Market Recovery: The global glove industry has faced a downturn, but there are expectations for recovery as demand normalizes post-pandemic. Operational Efficiency: Top Glove has been focusing on enhancing its operational efficiency, which is expected to help the company remain competitive and improve margins once the market recovers. Target Price and Valuation Top Glove’s target price has been set at RM1.45, reflecting an attractive upside from its current market price of RM1.01. The stock remains a good investment opportunity for those looking to capitalize on the glove sector’s eventual recovery and the company’s strong market position.
Indications are pointing to a strong demand recovery moving into 4QCY24 and CY25 that will exceed our previous assumptions, underpinned by inventory rebuilding from distributors. Specifically, there has been uptick in orders over the past two quarters. The rise in demand comes as the inventories of major distributors across all regions have returned to normal levels. Case in point - HARTA expects to hit sales volume of 2.2b pieces/month in 2HFY25. Already, HARTA has seen 1QFY25 orders hitting close to 2b pieces per month compared to 1.5b-1.8b pieces per month in 4QFY24 and 3QFY23. TOPGLOV is optimistic that the strong growth momentum will sustain, as customers continue replenishing their depleting glove stockpiles. The group continues to see MoM uptrend in sales volume in June 2024 and expect customers’ replenishment activity to pick up in subsequent quarters, underpinned by inventory rebuilding from distributors, indicating early signs of potential recovery in demand. It has seen sales order rising 25%-30% MoM. Tell-tale signs of predatory pricing by certain overseas players (i.e. selling below cost over an extended period of time to eliminate competitors) have diminished. Specifically, glove players under our coverage have seen their ASPs rising over the past two quarters, potentially implying demand is on the path to a recovery boosted by order replenishment.
Top glove always follow its rule to announce date of release Q result by given 1 week ahead notification in bursa. These practices is also similar happen to SUNWAY and SUNCON
Official announcement can be found on Bursa Malaysia website. Be an informed investor. War or not, gloves are still needed, Topglove deserves justice after 3 years of downtime.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Huangbk72
5,066 posts
Posted by Huangbk72 > 1 month ago | Report Abuse
Hahaha... Coconut Felix.. are you still living in a nut?
U didnt know 2 days of exploding China stocks? All stocks going up unstoppable..
U dumdum.. told you to close eye buy China and USA stocks last month.. U cannot comprehend 🤣🤣
u make it sound like weakening USD no impact to TG.. 🤣🤣🤣