Posted by strattegist > 2021-06-08 15:52 | Report Abuse

red

Posted by The_JQuestion > 2021-06-08 16:24 | Report Abuse

hlt disappoint me waited ur SBB as mentioned in ur meeting for one week now sold off all crazy looking at it drop day by day...

Posted by strattegist > 2021-06-08 17:17 | Report Abuse

closed red

Posted by trading2019 > 2021-06-08 22:50 | Report Abuse

Don't worry. Good news coming, like KLK an IJM Plant news.

Posted by strattegist > 2021-06-09 12:46 | Report Abuse

green

Posted by strattegist > 2021-06-09 12:47 | Report Abuse

hijau

Posted by strattegist > 2021-06-09 17:26 | Report Abuse

tutup hijau

Posted by ket4212 > 2021-06-09 17:50 | Report Abuse

trading2019 have any good news for HLT？

Posted by Will76 > 2021-06-09 22:51 | Report Abuse

KUALA LUMPUR (June 9): Top Glove Corp Bhd expects average selling prices (ASPs) of gloves to drop further in the coming month due to weaker demand from the US and lower raw material costs.

Its executive director Lim Cheong Guan noted that the ASP of nitrile gloves fell 20% in Top Glove's third financial quarter ended May 31, 2021 (3QFY21).

"The ASP adjustment was in line with market pricing trends and lesser sales volume to the US," he told a virtual press conference held in conjunction with the announcement of the group's latest quarterly results.

Lim expects lower nitrile latex prices as costs of the raw materials, namely butadiene and acrylonitrile, are expected to decline by 10% and 6% respectively between May and August.

"A lower natural rubber latex concentrate price is expected in the coming months as the wintering season ended in May 2021, and yields are expected to improve," he added.

The world's largest glove manufacturer posted a softer quarter-on-quarter (q-o-q) performance for 3QFY21.

Its net profit fell 29.03% to RM2.03 billion from RM2.87 billion for 2QFY21, while revenue shrank 22.42% to RM4.16 billion from RM5.37 billion, as the group was barred from exporting to the US.

The group said the weaker q-o-q performance was owing to a decline in ASPs by 16%, a lower sales quantity following a temporary halt in shipments to the US from Malaysia and higher latex as well as natural rubber latex concentrate prices.

On a year-on-year (y-o-y) basis, the group’s quarterly net profit jumped almost five times to RM2.04 billion from RM347.9 million a year earlier on a higher revenue.

Revenue climbed to RM4.16 billion for 3QFY21 from RM1.69 billion previously.

Despite the weaker earnings performance, Top Glove declared a dividend of 18 sen a share, including a special dividend of 5.3 sen.

Top Glove gained six sen to close at RM4.84 today, with a market capitalisation of RM39.72 billion. It saw 34.54 million shares traded.

Posted by strattegist > 2021-06-10 09:22 | Report Abuse

soft

Posted by strattegist > 2021-06-10 17:49 | Report Abuse

closed red

Posted by Johngenting > 2021-06-11 11:31 | Report Abuse

Sell 1st but later

Posted by damddyy42 > 2021-06-11 11:49 | Report Abuse

Everyday going south, going to die already

Posted by zanbini > 2021-06-11 12:04 |

Post removed.Why?

Posted by strattegist > 2021-06-11 18:06 | Report Abuse

closed red

Posted by Kristina Melody > 2021-06-12 03:00 | Report Abuse

can still go below rm1....very scary

Posted by ket4212 > 2021-06-12 17:10 | Report Abuse

monday glove stock limit up

Posted by romulos > 2021-06-13 10:41 | Report Abuse

Can eat lobster in d evening.

Posted by izoklse > 2021-06-13 22:03 | Report Abuse

what happen to top glove in US ? suddenly going up almost 71%. A big jump in US market. Tomorrow this counter and other glove counter also on the radar for glove as Top Glove price going up like crazy in US market? Possible can drag the rest of glove counter up tomorrow. let hope for tomorrow.

Posted by strattegist > 2021-06-14 09:29 | Report Abuse

green

Posted by strattegist > 2021-06-14 09:29 | Report Abuse

hijau

Posted by Johngenting > 2021-06-14 11:40 | Report Abuse

Opportunity to cash out

Posted by SEE_Research > 2021-06-14 13:18 | Report Abuse

https://klse.i3investor.com/blogs/see_research/2021-06-14-story-h1566199222-0NOW_SHOWING_The_Trilogy_of_FAST_FURIOUS_Shows_PART_11_UPDATED_NUMBER_3.jsp

Posted by strattegist > 2021-06-14 15:40 | Report Abuse

steady

Posted by strattegist > 2021-06-14 18:11 | Report Abuse

closed green

Posted by strattegist > 2021-06-15 09:27 |

Post removed.Why?

Posted by strattegist > 2021-06-15 17:23 | Report Abuse

closed flat

Posted by strattegist > 2021-06-16 10:02 | Report Abuse

soft

Posted by strattegist > 2021-06-16 17:44 | Report Abuse

closed red

Posted by damddyy42 > 2021-06-16 21:55 | Report Abuse

Die

Posted by strattegist > 2021-06-17 10:08 | Report Abuse

steady

Posted by strattegist > 2021-06-17 17:40 | Report Abuse

closed red

Posted by GloveASP > 2021-06-18 15:46 | Report Abuse

I dare to confirm, malaysian will die in covid total 100000 above, full lockdown without any business can have more than 3 months

Posted by strattegist > 2021-06-18 17:20 | Report Abuse

closed green

Posted by FaridIsland > 2021-06-19 11:55 | Report Abuse

Next week above rm1/

Posted by ket4212 > 2021-06-20 18:35 | Report Abuse

glove stock uptrend

Posted by ket4212 > 2021-06-21 08:03 | Report Abuse

halo morning everyone

Posted by strattegist > 2021-06-21 10:10 | Report Abuse

red

Posted by Will76 > 2021-06-21 12:31 | Report Abuse

KUALA LUMPUR (June 21): PublicInvest Research has downgraded the rubber glove sector to "neutral" as it expects average selling prices (ASPs) for the sector to decline gradually in the second half of the year (2H21), following the improving Covid-19 situation in both the largest glove consuming markets, the US and the European Union (EU).

Its analyst Chua Siu Li in a note today cut her earnings forecasts for the sector by 10% to 35% on the back of lower ASP assumptions.

According to her, the improving Covid-19 situations in the US and EU resulted in much lesser urgency for distributors to immediately replenish inventories back to usual levels of two to three months.

“The buyers are adopting a more careful stance currently to avoid locking in purchases at high prices.

“We expect ASPs of gloves to start trending lower in the second half, supported by the improved Covid-19 situation as well as lower raw material prices as tight supply of nitrile butadiene latex continues to ease and [with a] better yield for latex concentrate after the end of the wintering season in May,” she said.

She also noted that glove makers’ commitment to stepping up on their social compliance practices will also translate into higher costs going forward, and she reckoned that it would take time for glove makers to fully pass on the cost increase to buyers, so it should result in margin compression in the near term.

Chua downgraded her rating of Kossan Rubber Industries Bhd to "neutral", with a lower target price (TP) of RM3.65.

“We cut our FY21 to FY23 earnings forecasts for Kossan by 37% to 51% to account for the expected decline in ASPs,” she said.

She also maintained her "neutral" call on Top Glove Corp Bhd but lowered her TP to RM4.40.

Posted by strattegist > 2021-06-21 12:53 | Report Abuse

red

Posted by strattegist > 2021-06-21 17:45 | Report Abuse

closed merah

Posted by strattegist > 2021-06-22 18:09 | Report Abuse

tutup red

Posted by hahasong > 2021-06-23 16:41 |

Post removed.Why?

Posted by strattegist > 2021-06-23 17:23 | Report Abuse

closed red

Posted by strattegist > 2021-06-24 12:33 | Report Abuse

merah

Posted by strattegist > 2021-06-24 17:51 | Report Abuse

closed red

Posted by strattegist > 2021-06-25 10:44 | Report Abuse

green

Posted by strattegist > 2021-06-25 10:44 | Report Abuse

hijau

Posted by strattegist > 2021-06-25 17:18 | Report Abuse

closed flat

Posted by Mikecyc > 2021-06-25 21:33 |

Post removed.Why?