Its already announced much earlier, can refer below. But of cos, its subjected to change.

https://www.topglove.com/corporate-calendar/

ah... 17 sep.

my bad... i was thinking of the ex-date for the split.

.... the volume ....

getting lower n lower

Dali san comments ..... http://malaysiafinance.blogspot.com/2020/0...s-of-being.html

ya, read that.

there was another one this morning crticizing maybank for its "necessary" article on windfall tax.

not sure if it is from him.

https://www.thestar.com.my/business/busines...r-some-pressure
perhaps too many are trying to kill this goose that lays golden eggs!

Nope it's from him.

Remember the other posting you highlighted to me?

http://malaysiafinance.blogspot.com/2020/0...-prognosis.html

let me post here.................. >>>>>>>>>


NOTE TO FINANCE MINISTRY

While it is speculative at the moment, the powers to be SHOULD NOT stamp out the current market momentum. For one, the last 3 months have more than INJECTED SUFFICIENT STIMULUS, MONEY VELOCITY into the economy to more than cover the contractions owing to the prolonged ill effects of Covid19/MCO.

This will not only save the government coffers billions of ringgit in unnecessary stimulus packages but will help "redivert government funds" to other affected sectors not benefitting from the market boom.

Let's just see how much "money" has or can flow to the economy. Let's just look at the glove related sector. Let's just assume 20% of shares were traded by retail and gains were pocketed.

CAREPLUS 540m shares 20% x 5.10 = RM550m

HLT 525m 20% x 2.30 = RM241.5m

SUPERMAX 1.3bn 20% x 21.00 = RM5.46bn

TOP GLOVE 2.7bn 20% x 22.00 = RM11.88bn

HARTA 3.4bn 20% x 13.00 = RM8.84bn

That's just a few, and that's like more than RM28bn ... imagine a stimulus program announced to inject RM28bn. Coupled with the run on small caps, we are looking at an approximate figure of RM35bn thus far. It doesn't stretch the government's coffers of debt burden.

That conservative RM35bn has a velocity of money factor into the real economy. Depending on which economist you ask, its 5x-8x value to the real economy. Simply said, the monies will be primarily used in the economy and spending flows, it trickles down the line.

Hence it is totally silly to even think of imposing a windfall tax on glove makers. How much can the government get? Assume they make RM3bn this year, taxing 10% is only RM300m ... but you will impact gravely on the market run. Collectively they have already "injected" RM28bn into the real economy, and even more in coming months ... do you really want to derail all that for RM300m. What can you do with RM300m a year? They are doing R28bn stimulus thus far. So think properly.

I would very much agree with Dali comments but then ... decisions made by gov ... can be unpredictable....

a summary from TG's egm this morning:



1.4b? i dun remember that being the average expectation!

ok, we wait for sept 17.

Goreng now by the boss?

See it is simple really.

How can I be sure that TG will not have a meh moment like SM?

Well it really got to beat the numbers BY SURPRISING ALL TO THE UPSIDE.
If the jokers are now calling 1.4b, then TG better kwai kwai beat the numbers by at least 10% at least....

so TG better bring home 1.5 B in profits!!!


can ah?

So far, the market has already known that SM would be able to churn out 400M and hence the huge rise prior to the quarter result. Today's surge is also so far the biggest in share price. TG may really do the impossible.

my other comment on this 400m issue was posted post #1612



Today's remarks from TG egm.... that was something else.....

it moved the goal posts essentially....

The possible risk I am seeing ..... and that's why I put it into spoiler too.... YUP... please don't click if you do not want to read the risk....



... and the market is crazy hot....

just like 4th Aug .....

it has gone crazy again...!!

well, maybe, there is nothing else in boland that can make good profits anymore...?

but.. more borrowings, bigger debts coming....

Only 500 mil la... lol... too small.


Ps...

Oh... weakening usd is actually not a good factor for gloves

appetizer la...

wait till u read 5bil, 30bil...

It's okay, we wait and watch the show unfold. Either today is the start of the next rally up or a fake rebound.

too many uncertainties because thursday market closed, so people might TP tomorrow for holiday, people might TP friday for weekend, we can only know for sure next week.

taikor, wanna revisit this....

aug 14 did not turn out what i thought it might... it went down another 2 days.

yesterday, aug 18, it rebounded... guess if wait long enuf, it will happen!

or maybe it needed a trigger... maybe the EGM was it?

is it looking like some bullish engulfing now? a new run up has started? volume has improved.

today's outcome will be interesting... any views on it?

This is what most, I'll say majority retailers see... Price cheap, can buy...
It doesn't really bother them the EPS, PE & etc..

This post has been edited by a$hton_Li: Aug 19 2020, 08:21 AM