Tpoglove drops and faces selling pressure in the morning. It closes ar day low.
can anyone please explain why? any bad news? or is it overvalued after ex?
thank you ....
Top Glove 7113, High speed growth
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 Jul 27 2010, 01:03 PM
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All Stars
17,100 posts Joined: Mar 2005  
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Jul 27 2010, 11:41 PM
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All Stars
17,100 posts Joined: Mar 2005
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QUOTE(kroegand @ Jul 27 2010, 07:27 PM) 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?Added on July 27, 2010, 11:42 pm QUOTE(rayloo @ Jul 27 2010, 05:11 PM) I am not surprised it coming down. 1st it is already too over priced, 2nd the price was made / pushed before the split. Now everthing has settled down, nothing more to support the stock, I cannot see why it won't go south bound or normalized. yes, 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 |
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Oct 9 2010, 02:41 PM
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#3
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17,100 posts Joined: Mar 2005
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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. |
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Oct 10 2010, 12:35 PM
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#4
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All Stars
17,100 posts Joined: Mar 2005
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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 .... |
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Dec 18 2010, 11:44 AM
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#5
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17,100 posts Joined: Mar 2005
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QUOTE(bumblebeezz85 @ Dec 18 2010, 12:54 AM) Yes I agree with that as Top Glov being a major player in rubber gloves supply industry has certain competitive advantage 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.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. |
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Mar 6 2011, 11:46 AM
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#6
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17,100 posts Joined: Mar 2005
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I am very sad that this counter fails to catch up with the klci. It continues to show signs of weakness in the last qarter. Just wonder what excuses it gives other than rising cost and slowdown in orders.
Any friends have ideas? Thans |
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Mar 7 2011, 02:23 PM
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#7
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17,100 posts Joined: Mar 2005
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QUOTE(highlander124 @ Mar 7 2011, 11:21 AM) I guess reason may be due to low utilisation and low nitrile production. They will major gainers when dollar rises and rubber prices drop and when demand goes up as they have capacity. Other manufacturers are running close to full utilisation >90%. very encouraging response from you pal. lets hope it is the way. yes, i still think its a short term issue, coupled with analysts' negative comments about it.thanks |
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