Posted by hng33 > 1 month ago | Report Abuse

https://www.thestar.com.my/business/business-news/2024/10/04/recovery-in-sight-for-top-glove-despite-challenges

Posted by hng33 > 1 month ago | Report Abuse

https://www.thestar.com.my/business/business-news/2024/10/04/ringgit-weakens-against-the-greenback

Posted by hng33 > 1 month ago | Report Abuse

US port workers and operators reach deal to end East Coast strike immediately
https://theedgemalaysia.com/node/729015

Posted by hng33 > 1 month ago | Report Abuse

healthcare services are often considered defensive, increase volume sold, plant utilisation and ASP hike are main catalyst to propel earning recovery back to prepademic earning.

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

ASP gradually to increase 20% from current USD 19/k to USD 23/k

Posted by hng33 > 1 month ago | Report Abuse

War in fact will spur higher demand for healthcare, glove is needed

Posted by yfchong > 1 month ago | Report Abuse

Keeps on buying Kwap

Posted by NoviceFish > 1 month ago | Report Abuse

Stop giving the fake hope to others. Once the QR releases, will drop to RM 0.80 . Sell all the glove stock now!

Posted by yfchong > 1 month ago | Report Abuse

Ada huat kah

Posted by Income > 1 month ago | Report Abuse

Buy。All in
https://youtube.com/shorts/s8KHgsXBW6s?si=iT0Z3aoiEPZ6akp6

Posted by InfinityTifanny > 1 month ago | Report Abuse

Better don't sailang ...

Posted by NoviceFish > 1 month ago | Report Abuse

It's the last chance to sell it at the high point. Quick! Sell all before the Q4 report release. Quarter report announcement delayed probably caused by bad financial result.

Posted by hng33 > 1 month ago | Report Abuse

USD strength further to RM 4.27 due to global tension and fed hint no rush to cut rate.

topglove earnings recovery is strongly supported by increase volume loaded, plant utilization rate and higher ASP forward

Posted by AndrewHo93 > 1 month ago | Report Abuse

RHB expects Topglove to deliver a core loss of MYR2-5m from a core loss of MYR53.5m in 3QFY24 on the back of:
i) Improving operating efficiency (expecting a higher plant utilisation rate) with sales volume expected to grow by 20%;
ii) flattish ASP, offset against by a weaker USD/MYR (-3% during the quarter). In terms of cost, global natural gas commodity prices spiked 19% QoQ, offset against by the easing of raw material prices (ie natural latex: -2%; acrylonitrile: -5%).

Posted by hng33 > 1 month ago | Report Abuse

Malaysia’s gloves export volume surged 66% MoM and 105% YoY in Aug, outpacing the growth in July (+12% MoM; +43% YoY). The latest export volume is even 34% higher compare to pre-pandemic 2-years monthly average number indicating that the recovery momentum of global gloves demand remains healthy.

Posted by yfchong > 1 month ago | Report Abuse

Can hit Rm 1.26. Boh

Posted by Income > 1 month ago | Report Abuse

You can do it

Posted by Income > 1 month ago | Report Abuse

Do not worry

Posted by hng33 > 1 month ago | Report Abuse

KWP accumulate more topglove share

Posted by InfinityTifanny > 1 month ago | Report Abuse

Top Glove likely to show profits in FY2024

Posted by NoviceFish > 1 month ago | Report Abuse

Ald quit and sold all before 4Q report releases. Good luck to you all when seeing your stock drops to the rock bottom.

Posted by abidinaa > 1 month ago | Report Abuse

Stinky fish don't belong in this forum Novice

Posted by hng33 > 1 month ago | Report Abuse

Top glove 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.

Posted by hng33 > 1 month ago | Report Abuse

Soley based on shipment delay in 3QFY24 estimated at 500m pieces had already been shipped and will be booked in 4QFY24 will give topglove boost up revenue by RM 45m.

If these shipment delay cost have been booked in 3QFY2024, upcoming 4QFY2024 will purely book these RM 45m as 'extra profit'

Posted by AngAngBoHaiLang > 1 month ago | Report Abuse

500m pieces how to make RM45m profit?

Posted by hng33 > 1 month ago | Report Abuse

USD 20/1000pc,
500m = USD 20 x 500k = USD 10m
Assume average exchange rate RM 4.5 during July-spt, USD 10m = RM 45m
As Topglove operate at slim profit margin, revenue almost equal to production cost, therefore if delay shipment 500m pc already fully account in Q3 as production cost, but, collection only booked in Q4

Posted by hng33 > 1 month ago | Report Abuse

These is possible as Topglove record Q3 revenue RM 636.8m, but the, operating expense record RM 671.1 m, resulted operating loss RM 34.3m. It make sense as topglove record operating expense ahead before shipment. As shipment delay and only booked in subsequent quarter, therefore, revenue collected in upcoming Q4 will be record as full operating profit (to offset Q3 operating loss)

Posted by AngAngBoHaiLang > 1 month ago | Report Abuse

you're too optimism USD20/1000pcs, this is next year price, if they got USD17 previously then need to pray already, haha..hopefully they got profit in tmr report..

Posted by hng33 > 1 month ago | Report Abuse

The importance massage is next year onward, cheap China glove USD 17/1000pc can't compete with Msia glove maker in US as 50% tax level will sent USD 25/1000pc in 2025 and more tax 100% next in 2026

Posted by hng33 > 1 month ago | Report Abuse

Top glove is world largest glove maker with capacity 100 billion is prime beneficial as it will intensified to fill China market share gap in US

Posted by hng33 > 1 month ago | Report Abuse

After series of improvement in plant efficiency with more automated, many Malaysia glove maker already can almost breakeven even selling at low selling price USD 18-19/1000pc. Therefore, any hike in ASP above these level is PURE profit

Posted by hng33 > 1 month ago | Report Abuse

💪

Posted by hng33 > 1 month ago | Report Abuse

KWP keep accumulate more topglove share

Posted by Gaussian > 1 month ago | Report Abuse

As usual will drop after the QR lol

Posted by CHS23 > 1 month ago | Report Abuse

all wait for today QR...

Posted by AngAngBoHaiLang > 1 month ago | Report Abuse

the wave is coming, push push push it go further..

Posted by ket4212 > 1 month ago | Report Abuse

形式一片大好！

Posted by flexibt > 1 month ago | Report Abuse

1.50

Posted by X288888 > 1 month ago | Report Abuse

This Qr was freaking good way much better than all analyst predicted.

Posted by abcb > 1 month ago | Report Abuse

TP1.30 before budget 2025

Posted by abcb > 1 month ago | Report Abuse

Profits will jump up this coming quarter

Posted by xcu843 > 1 month ago | Report Abuse

Still don’t know how good or bad of result.

Posted by Gaussian > 1 month ago | Report Abuse

Drop drop drop 😆

Posted by Epseps > 1 month ago | Report Abuse

So considered good or bad QR now?

Posted by hng33 > 1 month ago | Report Abuse

https://www.thestar.com.my/business/business-news/2024/10/10/top-glove-set-to-return-to-profitability-in-fy25

KUALA LUMPUR: Top Glove Corp Bhd’s financial performance has improved significantly in the financial year ended Aug 31 (FY24), bringing the group closer to breaking even, according to managing director Lim Cheong Guan.

“Our full-year Ebitda (earnings before interest, taxes, depreciation, and amortisation) is positive while sales volume growth continues to be healthy. These are strong indicators of market resurgence and we are well positioned to ride the recovery wave.

Posted by hng33 > 1 month ago | Report Abuse

“We are pleased to have concluded our financial year 2024 on a positive note. We are now on the final leg of our recovery journey and certain of turning profitable within the new FY25, as glove orders continue their uptrend.

“The group has every confidence in the long term prospects for the glove industry whose fundamentals are intact and robust, and looks forward to far better times ahead,” Lim said.

Top Glove said the upcoming high tariffs imposed by the U.S. on Chinese-made medical gloves are expected to drive significant sales volume growth in the coming quarters.

As the glove industry continues to recover, the group expects ongoing improvements in sales orders due to more positive demand and supply dynamics.

Top Glove noted that glove sales to the U.S. have been rising sharply. It expects this trend to continue following the U.S. Trade Representative's recent announcement. Tariffs on Chinese medical gloves will increase from the current 7.5% to 50% effective January 2025, and to 100% by January 2026.

Top Glove will resume the installation of advanced production lines at its newer factories to ensure the group is well-positioned to meet the rapidly increasing demand for gloves. This installation had been temporarily halted due to oversupply.

However, it maintained a cautiously optimistic approach for capacity expansion plans in light of the volatile business environment which can be affected by geopolitical factors.

“The group’s long-term outlook for the glove industry remains optimistic, as gloves are an essential, single-use item in the healthcare industry, for which there is no viable replacement to date,” it said.

Posted by hng33 > 1 month ago | Report Abuse

Top Glove has proposed a bonus issue of up to 405.96 million warrants on the basis of 1 warrant for every 20 existing Top Glove shares, subject to shareholders’ approval at the upcoming AGM in January 2025.

Posted by Income > 1 month ago | Report Abuse

You can do it

Posted by NoviceFish > 1 month ago | Report Abuse

It's a very terrible and disappointed result. Sell fast before too late.

Posted by Income > 1 month ago | Report Abuse

Yahoo, my cost rm1.02.
Thank you. Still early to sell.

Posted by Income > 1 month ago | Report Abuse

Topgirl boleh