top glove lao sai edi

rip to those who cannot sell it in time. fuh..

Could expect volume, asr and profit to drop in the next qr. it seems asr is back to pre-pandemic level.

This post has been edited by icemanfx: Mar 21 2022, 12:38 AM

wifey pandai pandai bought some banking knock in knock out stuff for extra interest linked to this shit around 8... didn't consult me

cannot sell until knocked in... took delivery didn't tell... even now didn't get pw to broker account...

80% down... dunno how to salvage this shit... need 400% to recover... if do nothing maybe 2030-2035 if they manage it well... lol

Wait till they reach Fortune 500 global status then

individual investors own the lion's share in the company with 34% ownership. mean many retailers are trapped.



https://simplywall.st/stocks/my/healthcare/...ove-corporation

Share price is likely to maintain in current price range in the medium term.

Ah remember the good old days arguing with all the glove lovers. Well after super profit, wheres the cash flow ? Wheres the dividend, seemed like just another cyclical stock price chart to me

KUALA LUMPUR (June 3): Hong Leong Investment Bank (HLIB) Research has maintained its “sell” rating on Top Glove Corp Bhd at RM1.26 with a lower target price (TP) of RM1.12 (from RM1.33) and said the operating environment for Top Glove remains tough, owing to the demand-supply mismatch situation.

In a note on Friday (June 3), the research house said softening demand has also led to low utilisation rate of circa 60% and the average selling price (ASP) is still seeing some decline, albeit at a slower rate.

“The increase in operating costs should also lead to margin compression, as we opine it will be difficult for Top Glove to pass on the entire cost increase, due to vast glove supply available in the market.

https://www.theedgemarkets.com/article/hlib...get-price-rm112


KUALA LUMPUR (June 3): Top Glove Corp Bhd's market capitalisation slipped below RM10 billion on Friday (June 3) as its share price settled down over 2% at an intraday low of RM1.23 at the noon break.

At 12.30pm on Bursa Malaysia, the rubber glove manufacturer's share price settled down three sen or 2.38% at RM1.23, giving it a market capitalisation of about RM9.85 bilion based on its 8.01 billion outstanding shares.

https://www.theedgemarkets.com/article/top-...ips-below-rm10b

One could only defy gravity temporary, long term economic equilibrium always prevail.


This post has been edited by icemanfx: Jun 3 2022, 03:29 PM

Tomorrow quarterly result announcement.

these few days dump a lot... must be insider selling

have been on downtrend since Oct 2020.
insider trading or not won’t know….

Top Glove Corp Bhd said on Thursday (June 9) third quarter net profit slumped to RM15.29 million from RM2.04 billion a year earlier as revenue dropped.

In a statement to Bursa Malaysia, Top Glove said revenue dropped to RM1.46 billion in the third quarter ended May 31, 2022 (3QFY22) from RM4.16 billion a year earlier.

https://www.theedgemarkets.com/article/top-...4b-year-earlier


Net income fell to 15.3 million ringgit ($3.5 million) in the third quarter ended May, the smallest quarterly profit since 2005. Revenue slumped 65% to 1.5 billion ringgit.
https://www.bloomberg.com/asia

This post has been edited by icemanfx: Jun 10 2022, 12:23 AM

https://focusmalaysia.my/passion-has-limita...save-top-glove/

Interesting articles. Why spend so much money to buy back share instead distribute as dividend to shareholder? After all it can’t stop price to drop further

TOPGLV
Down 0.10 down8.8% today. I think it will be dropped from the KLCI list soon.

wait december update

TQ
I think now they have to start pushing it up soon.

FBM klci has always been bi-annual since 2009, you'll have to wait 6 months later

I wonder what happened to all the Sifu who recommended gloves stocks. Did they get lawsuit by their members?

Lowyat.com should be the one to get lawsuit for allowing its members to open thread to recommend top glove stocks in kopitiam.