https://www.theedgemarkets.com/article/anal...top-gloves-unit

Not the first time this happen?

Sure movin to Harta? 🤔

Steady. Don't let one fall get through your emotion. I bought ruberex more than a month ago at 3.85, after that it drop to 2.7. I thought it's gone case, it won't rise again. But yesterday it rose to 3.99. If I decided to cut loss earlier I would have turn unrealized loss into realized loss, what's the point. It's glove + covid 19 ain't gonna go anywhere. Patience is the key

Some ppl mentioned that detention is not really an issue and it happened before. How true is it?

i think it will be quick.

becos the world glove supply is short, orders filled to the brim, long Q.

if u buy spot, u pay thru your nose.

then again, mr usa can flex muscles...?

In investing, always remember that Rome was not built in a day. In trading always remember that Hiroshima and Nagasaki were destroyed in a day
Its alright man, at least you have locked in some profits in the early gloves run. Start collecting the undervalued shares, once the fund managers are done gorenging gloves. They will rotate to goreng other. Just pray that your undervalued shares will get gorenged. If they dont get gorenged, as least you still have a decent dividends better than the FDs.

Also, if they drop, you will never panic sell because you truly know the underlying value of your shares. Try getting some good dividends stock with good dividends growths in the long run.

it has fallen... and the timing is somewhat "good"!

since it has run up so much, touched rm25.

the question now is how much discount, wud buyers want for TG, ie.e what price will be favorable?

i wish i know but i will watch 20.50.

The Board of Directors of Top Glove wishes to confirm that the U.S. Customs and Border Protection (“CBP”) has placed a detention order on disposable gloves manufactured by two of the Company’s subsidiaries, namely Top Glove Sdn Bhd and TG Medical Sdn Bhd on 15 July 2020.



We are reaching out to the CBP through our office in U.S., customers and consultants, to understand the issue better and work towards a speedy resolution of the matter, within an estimated 2 weeks.



There is a possibility this may be related to foreign labour issues, which we have already resolved, save for one more issue with regard to retrospective payment of recruitment fees by our workers to agents prior to January 2019, without our knowledge.  However, Top Glove has already been bearing all recruitment fees since January 2019 when our Zero Recruitment Fee Policy was implemented.



Over the past few months we have been working on this issue which involves extensive tracing, to establish the correct amount to be paid back to our workers, on behalf of the previous agents.  We estimate the total amount to be about RM20 million to RM50 million.



We believe it is in the best interests of all parties to come to a solution expeditiously so that our disposal gloves can reach the parties that need it the most, during this COVID-19 time.



The Company will provide updates upon further developments.



This announcement is dated 16 July 2020.

TOP now showing 20.70.

suspended.

why suspended ah? any idea?

Gloves rebounding now

end of gloves run?

Got difference? Later 3.30pm open also will drop, no?

this is scary, since all the others are tailing along