Top Glove 7113, High speed growth
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 Sep 23 2013, 05:49 PM
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#1
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All Stars
24,454 posts Joined: Nov 2010 
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QUOTE(davinz18 @ Sep 23 2013, 05:16 PM) Today (23/9/13) closed at RM6.25, up 1c topglove, hartalega, supermax all got beaten up due to fed's no taper comment, i.e. weak usd, less rm in revenue/profit. but... we see usd strengthening slowly again since y'day. which means usa is teasing... n ben will keep doing that... when fed says, "ok, we taper now" next month, glove makers may see stock prices spike like hell!  |
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Aug 10 2020, 05:42 PM
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#2
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All Stars
24,454 posts Joined: Nov 2010
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QUOTE(wendygoh @ Aug 10 2020, 04:40 PM) stock is down, time to buy more then sell higher  u dig up an old thread, very timely!! plenty of things to discuss about TG these days. and the other big 3. |
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Aug 10 2020, 06:44 PM
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#3
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All Stars
24,454 posts Joined: Nov 2010
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with such results from supermax, topglove shud fly tmr too.
https://www.bursamalaysia.com/market_inform...?ann_id=3076130 |
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Aug 11 2020, 12:29 AM
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#4
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All Stars
24,454 posts Joined: Nov 2010
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as supermax's stellar results get digested, we may see some serious movement for TG tmr.
TG's high was rm29.30 on aug 7, close rm27.20 today. some recent news on TG and related: QUOTE Rally still intact, analyst says after glove counters decline for two days https://www.theedgemarkets.com/article/rall...ecline-two-days Top Glove still resolving US ban, remediation fee now at RM53m https://www.theedgemarkets.com/article/top-...ow-rm53-million Top Glove chairman alleges activist 'sabotage' amid forced labour claims https://www.theedgemarkets.com/article/top-...d-labour-claims Malaysian glove firm says 2020 will be record year as COVID-19 drives demand | Video https://www.channelnewsasia.com/news/videos...vid-19-12918796 https://klse.i3investor.com/servlets/ptg/7113.jsp |
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Aug 11 2020, 08:02 AM
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#5
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All Stars
24,454 posts Joined: Nov 2010
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QUOTE(Ziet Inv @ Aug 11 2020, 01:52 AM) I can’t believe the TP 30 is about to be realized i can see it achieved today. |
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Aug 12 2020, 07:40 AM
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#6
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All Stars
24,454 posts Joined: Nov 2010
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QUOTE(zacknistelrooy @ Aug 11 2020, 10:54 PM) For those who missed the interview on Bloomberg in video, MD lee took pains to explain what they r doing about the foreign workers.related reuters report: QUOTE Racing to reverse U.S. ban, Malaysia's Top Glove improves workers' housing Liz Lee 3 MIN READ KUALA LUMPUR (Reuters) - Malaysia’s Top Glove Corp (TPGC.KL) is working rapidly to resolve this month issues that prompted a U.S. Customs import ban, including improving its migrant workers’ living conditions, its managing director said on Tuesday. https://www.reuters.com/article/us-topglove...g-idUSKCN2571ZL |
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Aug 12 2020, 07:58 AM
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#7
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All Stars
24,454 posts Joined: Nov 2010
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post recent supermax qtrly results, there have been new target prices (TP) from various banks/houses:
supermax 11/08/2020 0.00 25.00 +25.00 (0.00%) BUY NOMURA Price Target News 11/08/2020 24.30 24.19 -0.11 (0.45%) BUY MIDF Price Target News 11/08/2020 24.30 25.45 +1.15 (4.73%) BUY KENANGA Price Target News 11/08/2020 0.00 27.00 +27.00 (0.00%) BUY CIMB Price Target News 11/08/2020 24.30 33.00 +8.70 (35.80%) BUY Affin Hwang Capital harta 11/08/2020 18.90 21.70 +2.80 (14.81%) HOLD PUBLIC BANK Price Target News 11/08/2020 18.90 18.44 -0.46 (2.43%) HOLD MalaccaSecurities Price Target News 11/08/2020 18.90 26.22 +7.32 (38.73%) BUY KENANGA Price Target News 11/08/2020 18.90 24.10 +5.20 (27.51%) BUY HLG Price Target News 11/08/2020 18.90 24.30 +5.40 (28.57%) BUY CIMB Price Target News 11/08/2020 18.90 18.74 -0.16 (0.85%) HOLD AmInvest Price Target News |
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Aug 12 2020, 09:54 PM
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#8
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All Stars
24,454 posts Joined: Nov 2010
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QUOTE(AVFAN @ Aug 11 2020, 08:02 AM) i can see it achieved today. no, still waiting on RM30!TG shareholders, u probably like to know... 1. TG boss Lim WC bought 2 mil or about rm50mil TG shares today.... becos many kept selling. https://klse.i3investor.com/blogs/glovehari...ack_TOPGLOV.jsp 2. Citigroup has this to say: QUOTE Eye-popping rally in Asian glove-maker stocks will continue, Citi says Malaysia’s Top Glove Corp Bhd and Kossan Rubber Industries Bhd can each climb by about 75% over the next 12 months as the pandemic drives unprecedented growth in sales and profits for the sector, Megat Fais, an analyst, wrote in a note on Tuesday. https://www.theedgemarkets.com/article/eyep...tinue-citi-says so... buy, sell, keep... whatever... This post has been edited by AVFAN: Aug 12 2020, 09:55 PM |
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Aug 13 2020, 11:01 AM
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#9
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All Stars
24,454 posts Joined: Nov 2010
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citigroup now has the highest TP for TG - rm48.10.
previously, it was affin's rm46. https://klse.i3investor.com/servlets/ptres/56256.jsp https://www.theedgemarkets.com/article/eyep...tinue-citi-says |
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Aug 18 2020, 06:10 PM
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#10
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All Stars
24,454 posts Joined: Nov 2010
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QUOTE Bonus Issue TOP GLOVE CORPORATION BHD Entitlement subject Bonus Issue Entitlement description Bonus issue of up to 5,476,974,322 new ordinary shares in Top Glove Corporation Bhd ("Top Glove") ("Bonus Shares") on the basis of two (2) Bonus Shares for one (1) existing ordinary share held in Top Glove as at 5.00 p.m. on 4 September 2020 ("Entitlement Date"). Shareholder's Approval Yes Ex-Date 03 Sep 2020 Entitlement date 04 Sep 2020 Entitlement time 5:00 PM Available/Listing Date 07 Sep 2020 https://www.bursamalaysia.com/market_inform...?ann_id=3078486 meaning to get the bonus/split shares: u must hold the shares at 5pm 2 sep 2020. the shares will be split, listed on 7 sep. opening price = 1/3 of closing price 5pm, 4 sep 2020 Taikor.Taikun liked this post
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Aug 19 2020, 08:00 AM
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#11
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All Stars
24,454 posts Joined: Nov 2010
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Aug 21 2020, 08:15 PM
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#12
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All Stars
24,454 posts Joined: Nov 2010
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QUOTE(MakNok @ Aug 21 2020, 07:46 PM) now the biggie issue.... Sep2, i say 30.0x.what will be the final price before split? RM30.....RM10 RM40.....RM13 it will be fun on Sep 7 seeing Harta RM20 Kossan RM17 TG...RM13 Supermax RM11 Guess which investor will buy especially normal investor.. Supermax have announced dividend 1 treasury share for 45 held share TG......have yet to announce.. This is interesting Keep some room for rise after split. Final dividend shud be gud... how about 50sen per share?!  |
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Aug 22 2020, 05:46 PM
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#13
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All Stars
24,454 posts Joined: Nov 2010
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QUOTE(MakNok @ Aug 22 2020, 05:06 PM) sure bor ? this is indeed waterfall... that's a fantasy no. and for old shares. 50 cent is bloody good. well... if we do some maths... last 3 qtrs, PAT = 347.9+115.7+111.4=575mil. https://klse.i3investor.com/servlets/stk/annqtyres/7113.jsp if last qtr PAT is 1.4bil as those analysts estimate, full yr PAT becomes 1.975bil. if we simply take 50% to be paid as dividend as per declaration below, we get 1975/2/2708 shares = 36.5sen per share. https://www.topglove.com/dividend-information/ since 10sen was already given in june, balance is 26.5 or say 27 sen. since it will be declared on sep 17 QR day, the shares wud have already split 1 into 3 - we get 9 sen per share. check supermax... declared bonus of 1 treasury share for every 45 post split shares. assume current share price is rm21, post split 1 into 2, that bonus share is worth 21/2/45 for every new share = 23sen per share. TG's 9 sen cash dividend would be comparable to supermax's 23sen worth in shares - post split. just smoking weed... anyone has a better estimate, do share! This post has been edited by AVFAN: Aug 22 2020, 05:59 PM |
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Aug 26 2020, 01:53 PM
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#14
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All Stars
24,454 posts Joined: Nov 2010
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QUOTE Top Glove: Demand and ASP continue to rise Share on Facebook Macquarie Equities Research (MQ Research) summarised a presentation held by the Top Glove’s Executive Director in the ASEAN Conference. Strong glove demand is reaffirmed as enquiries for spot orders continue to rise with Top Glove’s observation of a shortage in the market currently. Top Glove shared its plan to increase the average selling price (ASP) and spot prices in September and October while sharing its view of that an oversupply may not be likely to happen in 2021 despite having a lot of new entrants into the sector. MQ Research maintains Top Glove’s target price at RM30.40. Read on for more. https://www.malaysiawarrants.com.my/marketn...ghlight&id=6417 |
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Aug 27 2020, 07:40 PM
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#15
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All Stars
24,454 posts Joined: Nov 2010
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Sep 11 2020, 05:39 PM
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#16
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All Stars
24,454 posts Joined: Nov 2010
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tonight's 9pm 8tv interview with TG chairman Lim Chee Wai will probably be along the lines of below new articles.
QUOTE In latest message, Top Glove chairman asserts 'extremely robust quarters ahead’ on order build-up This post has been edited by AVFAN: Sep 11 2020, 08:03 PMhttps://www.theedgemarkets.com/article/late...d-order-buildup Story : Malaysia Top Glove Company & Founder Lim Wee Chai – USD 4.6 Billion Net Worth & Share Price Could Reach RM77.60 https://thecoverage.my/story-malaysia-top-g...-reach-rm77-60/ |
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Sep 23 2020, 06:53 PM
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#17
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All Stars
24,454 posts Joined: Nov 2010
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for the record as of 23 sep:
QUOTE Total number of shares purchased and/or held as treasury shares against total number of issued shares of the listed issuer (%) 0.60947 https://www.bursamalaysia.com/market_inform...?ann_id=3090366 QUOTE Notice of Interest Sub. S-hldr (Section 137 of CA 2016) TOP GLOVE CORPORATION BHD Particulars of Substantial Securities Holder Name EMPLOYEES PROVIDENT FUND BOARD Date interest acquired & no of securities acquired Date interest acquired 18 Sep 2020 No of securities 13,695,800 Circumstances by reason of which Securities Holder has interest Acquisition and disposal of shares. Nature of interest Direct Interest Total no of securities after change Direct (units) 410,699,290 Direct (%) 5.051 Indirect/deemed interest (units) Indirect/deemed interest (%) Date of notice 21 Sep 2020 Date notice received by Listed Issuer 23 Sep 2020 https://www.bursamalaysia.com/market_inform...?ann_id=3090389 |
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Sep 24 2020, 06:49 PM
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#18
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All Stars
24,454 posts Joined: Nov 2010
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TG shareholders, please take note:
QUOTE TOPGLOV - Notice of Book Closure TOP GLOVE CORPORATION BHD Single Tier Final Dividend of 8.5 sen per share Further to Reference No. ILC-18092020-00007, kindly be advised of the following : 1) The above Company's securities will be traded and quoted "Ex - Dividend” as from: 19 Oct 2020 (Instead of 17 Nov 2020 ) 2) The last date of lodgment : 20 Oct 2020 (Instead of 18 Nov 2020 ) 3) Date Payable : 03 Nov 2020 (Instead of 1 Dec 2020 ) https://www.bursamalaysia.com/market_inform...?ann_id=3090437 |
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Oct 9 2020, 09:53 PM
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#19
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All Stars
24,454 posts Joined: Nov 2010
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QUOTE Top Glove mulls raising US$1 bil in Hong Kong listing https://www.freemalaysiatoday.com/category/...g-kong-listing/ USD1bil = 4138/8.80 = 470 million shares = 5.7% NOSH = about same as what EPF is holding. |
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