I studied her financial statement found this counter is jet-speeding in growth from the past 6 years.

1) Sales 44%
2) Profit after tax 39%
2) EPS growth 34%
3) Nett Assest 32%
4) Cash grow 60%

People suggested that her fair value should be around triple of current price at RM4 which is about RM12+. Is it too good to be true ? How come the transaction volumn is so low ? I think it is neglected.
What all sifus comment here ?

This post has been edited by rayloo: Nov 16 2008, 02:38 PM

I think whether market recession will bring minimum impact to glove usage, we cannot use a same pair few times. Now people especially the rise of developing countries like BRIC have more awareness to hygine and the increase of diseases only create more demand. It is not like other products such as vehicle or computer or cloth which we can save by avoiding upgrade and use old one.

I don know that most rubbers are imported from Thailand, but take palm oil as an example, Indonesia and Thailand also has palm trees. But they rate our palm oil quality is the best. And many people like me will not bother China goods which are lots cheaper but poor quality, so I believe if their competitors stand some factories in Thailand and have advantage of lower cost, at least they must run double faster to challenge Top Glove.

From my calculation I also think that the price at RM4 is under value, where the average PER for the past years was about 16, considering the growth of the EPS at 34% you can forsee its value in future. Even I give it the minimum growth which I can accept at 15, the price now is still 30% lower from its value.

I beg you all sifus to raise different opinions so we can see from various angles. And please correct me If I am wrong.

This post has been edited by rayloo: Oct 5 2008, 11:27 PM

Hmm....making sense...O.K, keep an eye on it.
Thanks darkknight81. Your analysis is pro.

Top Glove already have factories in Thailand & China.

Notice that the transaction volumn was also low even when market was good in this counter. Why huh I wonder ? No one to goreng ?
This is supposed to be very good corp. Really wonder why it does not catch much attention.

Hmm.....this is news to me. Not detail enough I study.

I think they are confident with their operation, hold much share possible to gain max benifit !

I heard a lot of protein allergy problem, but Top Glove already had taken measures to solve the problem, is it not...
However, are synthetic nitrile gloves a future replace of rubber gloves ? What does Top Glove do about this ? Some enlighten ?

This post has been edited by rayloo: Nov 16 2008, 02:36 PM

I will grab at RM3. Another 60 cents to go.

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.