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 Top Glove 7113, High speed growth

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squarepilot
post Sep 26 2021, 05:12 PM

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QUOTE(1282009 @ Sep 26 2021, 01:07 PM)
Any advice to those who bought this share at rm6 or rm7? The only way I can think of is buy low to breakeven? Question is when is the right moment as price is getting lower and lower. It bounced back once a while but dropping again..
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TOP GLOVE PRICE is 2.75 right now, or 3x2.75 = RM8.25 pre-covid price (before bonus issue)

you need to consider the few factors:
1. overcapacity of gloves in the market

2. price war among other producers

3. political interference

4. market sentiment

5. company cash reserves to withstand the first 2 above

They have been giving and giving massive and generous dividends and at the same time, their share buy back has causes few hundred million dollars of paper loss

They will come back, but nobody knows when...

This post has been edited by squarepilot: Sep 26 2021, 05:24 PM
squarepilot
post Sep 27 2021, 11:34 AM

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QUOTE(cucumber @ Sep 27 2021, 11:14 AM)
A big advantage is also in our ability to innovate like Hartalega. If they were able to disrupt the industry many times in the past, then it is entirely possible for them to continually to do so because it is in their DNA.

People now made it seem like just because China has some advantage during the pandemic, our companies will start failing and lose money from here on.

30 years in the business. Highest quality grade gloves. Good relationships with the clients around the world. Billions of net cash sitting in the war chest. Market consumption still projected to have 10% yearly growth.

Is it really that bad of an investment? If Malaysian glove companies lose market share, then just switch to China companies. But don't forget China also got a lot of issues right now and foreign investors are running away from them.

Maybe, just maybe we should have a little more faith in our capabilities.
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This shall applies to other gloves company in malaysia but not for topglove, don't forget they have already issued out massive dividend and also the losses due to share buyback

don't only look at the biggest tree in the forest, learn to look at the whole forest too.

during price war, everyone except buyer are casualties. calculate your own risk before going in

p/s: topglove management so-so only, if you are serious into gloves, why not look at better ones sweat.gif



This post has been edited by squarepilot: Sep 27 2021, 11:35 AM
squarepilot
post Sep 27 2021, 11:47 AM

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QUOTE(cucumber @ Sep 27 2021, 11:38 AM)
I'm buying Harta, not TG. Which better ones are you referring to?
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definitely not toglove

was assuming you are referring to Topglove because you posted on Topglove thread
squarepilot
post Nov 4 2021, 03:41 PM

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QUOTE(icemanfx @ Nov 2 2021, 09:35 PM)
Top Glove sits on RM860 mil paper loss on massive share buyback

https://www.theedgemarkets.com/article/top-...e-share-buyback

It is a matter of time, topg need to realize this loss in p&l.
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2022 is a good year to declare since Government introduce on off prosperity tax for FY 2022

 

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