TOP GLOVE CORPORATION BHD
KLSE (MYR): TOPGLOV (7113)
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Last Price
1.00
Today's Change
-0.02 (1.96%)
Day's Change
0.995 - 1.03
Trading Volume
17,791,500
Details of Changes
Securities After Change
Transactions
| Ann. Date | Name | Details of Changes | Securities After Changes | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Date | Type | No. of Shares | Price | Direct (%) | Indirect (%) | Total (%) | ||||
Discussions
72 people like this. Showing 50 of 203,019 comments
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
3 days ago
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
3 days ago
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
3 days ago
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。
3 days ago
Posted by Income > 1 hour ago | Report Abuse
Whahhh back to Rm1.02 ＊
Tambah minyak laa
Wah... ...
Income sifu time the market cun cun....
2 days ago
*** "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!
2 days ago
This tariff move removes the underutilization of glove makers with a very high margin. Profits are coming back.
2 days ago
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.
2 days ago
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
2 days ago
Posted by Loh Kok Wai W > 20 minutes ago | Report Abuse
income dulu nama ular...
what...?!!
cun bo...Mr Loh...?
unlikely laa....
Income sifu...
2 days ago
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，
2 days ago
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!
2 days ago
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!
2 days ago
I think tglov need to make body glove to make more money。Mpox need better protection using body glove
2 days ago
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
2 days ago
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...😂
2 days ago
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?
2 days ago
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 😂
1 day ago
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.
I have locked profit in TG for 4 rounds in past 6 month. Now already placed my bet for this 5th round profit.
This dumbass was conned by China President Xi during CNY. Now she going to be conned again by President Xi for 2nd round. China economy is very very bad now, only time could save China.
10 President Xi's boosters cannot save China. 内优外患你懂条铁！
Posted by Huangbk72 > 5 hours 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
1 day ago
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.
1 day ago
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.. 🤣🤣🤣
1 day ago
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!!
1 day ago
Huh.. Going on holiday also have to report to Coconut Felix? What rule is this 🤣🤣🤣🤣
Buy what China stocks also have to report to Coconut Felix? 🤣🤣🤣
Go check China stocks last 2 days la.. Even Intco Medical with upcoming tariff 50% to USA also gone up 12% 🤣🤣🤣🤣
Dumdum.. people play stocks.. he play sand
1 day ago
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.
1 day ago
Your cina stock still in lost based on your cost.
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
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Financials
20.28 CNY -5.20 (-20.41%)past 6 months
27 Sept, 3:00 pm GMT+8 • Disclaimer
1 day ago
Hahhaa... My Bester cost RMB31
Up 27% in 1 month
Then stock split
Today price 20.28
Still 20% loss? 🤣🤣🤣
Mana sekolah you
Told you 2 days ago.. my target is close for 4th round
1 day ago
Sohaai your share split is 1.3 to 1.
1.3 x CNY 20 = 26. You still in lost sohaai.
1 day ago
Hahha., Coconut Felix is still a coconut..
Im asking you.. loss 20.41% as you repeatedly posted ?
U sure my cost is 26 after split? U really sure and yes, this is a trick question 🤣🤣
Posted by edwing9981 > 8 seconds ago | Report Abuse
Sohaai your share split is 1.3 to 1.
1.3 x CNY 20 = 26. You still in lost sohaai.
1 day ago
Top investors cash out of China stocks after economic stimulus.
Sohaai people run for life but she still caught on top of musang king tree. Hahahahahahaahha
1 day ago
Now Coconut going to the realm of delusions
Who will run? 3 stimulus in 1 shot by China government. Definitely more on the way..
Maybe you will.. cos you coconut 🤣🤣🤣
Dont even understand China stock market, yet talk like an expert.. Same like YTLP thread.. full of gibberish
By the way, still waiting for your "clever" stock split calculation 😆😆😆😆
1 day ago
Don’t say I BoWarn.
Almost all TG revenue denominated in usd
Existing GP margin less than 5%
Posted by Mabel > 10 minutes ago | Report Abuse
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 day ago
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%.
20 hours ago
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this price can add on !
3 days ago