Thanks pal. its that JPM again. but local analysts including banks have been giving very good reviews on this counter. trading at about rm6.50, which is equivalent to rm13 before the split. i guess its a fair price to pick up?

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Added on July 27, 2010, 11:42 pmyes, its southward these few days. lots of selling pressure as compaerd to earlier play. thanks.

This post has been edited by mikehwy: Jul 27 2010, 11:42 PM

Last trade was 5.66 do you think it is a good time to buy or should I wait a few more days before they announce 2011 budget?

Or on the other hand bank in on Hartalega on US conversion from latex to nitrile gloves?

This post has been edited by 8181: Oct 6 2010, 03:25 AM

It's better to wait. Today's quarter earnings report shows a drop of about 30% from the previous quarter.

This post has been edited by DanielW: Oct 8 2010, 01:05 AM

but still drop o swt lo

Bulls head fake. Sell if drops below 5.2

It's still dropping 5.39 now, wonder if this is the affect of rubber shortage or are ppl generally getting healthier.

i think the friday drop was due to the 4th Q unfavourable report. but yoy it sill made very healthy profit.

people where got more healthy these days ... .with most time spending in stock markets, pc, eating laksa and rojak .... haha, jk only.

Haha, you are right about Malaysian, but I was referring to the States bro, medical in US is good money.

JPM down it but another one up it, well the one thing that holds true is still buy low, as low as it gets so downgrades are a blessing in disguise.

tglove tradng around rm5.35 must be a good buy to me. profitable, stable management with good growth. its times better than many companies that are actively traded at the moment.

Emm, yeah agree, medical businesses in the states are good. who know, obama will need more gloves while using his blackberi ... hahaha ....

quarterly report are out. revenue increased but profit drop almost half. Anyone still holding this stock? Jump off or jump in or to avoid this stock?

The chart suggests that holding this stock through the ups and downs of the market will still give you a tidy profit.

Yes I agree with that as Top Glov being a major player in rubber gloves supply industry has certain competitive advantage
against small suppliers. Medical glove supply industry has a constant and continuous demand from both local and international health care
service line which ensure constant revenue to the glove suppliers. Contemporary ups and downs in market price of Top Glove does not reflect
the actual health of the business revenue and profit.

yes, i truly agree with you. although the last release of performance drops by 30-40% it still amkes good gains of over rm34m for a quarter, not many plc here can sustain that. the recent price, i feel, doea not relfect the performance. i am making big paper losses. i went in again friday at rm5.01.

Stock price valuation comes from EPS they can generate, profit per share, not how many million of billions company can make.

agreed, in US Stocks, EPS is very important.

I'm seeing TOP Glove at ~4,50 now

wow, lucky i exited when it was RM8 few months back. well gain and loss lah since some other company shares i sold also double in value

If you havn't jump in yet, I suggest that you jump in once its quarter earnings begin to show signs of uptrend..currently is still downtrend..

i'm working in a local investment bank now, we get reports from other investments banks.. top glove's analysis from deutsche bank suggests their forward eps (2011)has been revised downwards by 13-15% due to the increasing price of raw materials (rubber). deutsche bank has revised their recommendation to SELL . target price 4.35.

any questions, please PM me as i dont check back often.

how u get reports from other investment banks? internet download or???