Highlights

Van Gogh of Financial

Author: newbie8080   |   Latest post: Wed, 18 Nov 2020, 11:37 PM

 

Topglove: What will Topglov be reporting Q1 profit?

Author: newbie8080   |  Publish date: Wed, 18 Nov 2020, 11:37 PM


Topglove: What will Topglov be reporting Q1 profit?

 

 

The 4 possible estimate that Topglove may post for Q1 

Estimate 1:  RM1.9 bil

Estimate 2: RM2.39 bil

Estimate 3: RM2.79 bil

Estimate 4: RM3.19 bil

 

The 4 possible estimate that Topglove dividend for Q1 

Estimate 1:  12 cent

Estimate 2: 15 cent

Estimate 3: 18 cent

Estimate 4: 20 cent

 

 

The 4 possible estimate that Topglove share dividend for Q1 

Estimate 1:  45 for 1

Estimate 2: 65 for 1

Estimate 3: 85 for 1

Estimate 4: 100 for 1

Labels: TOPGLOV
  alanshooter likes this.
 
gemfinder Cakap apa pun x guna
19/11/2020 7:30 AM
newbie8080 1QFY2021 will be released on 09 December 2020

https://www.topglove.com/corporate-calendar/
19/11/2020 11:57 AM

Topglove: New president Biden will bring changes to US CBP decision

Author: newbie8080   |  Publish date: Sun, 8 Nov 2020, 12:09 PM


Topglove: New president Biden will bring changes to US CBP

 

Please welcome the new President of Unites States of America!!

 

 

 

Joe Biden laid out exactly how his administration would address the coronavirus crisis.

 

Biden’s plan would effectively nationalize mask wearing, Covid-19 testing, PPE procurement, reopening guidelines and vaccine distribution.

Personal protective equipment: Biden intends to use “the full power of the Defense Production Act” to drive the domestic manufacturing of masks, gloves, gowns and other equipment, including ample N95 masks for health-care workers. Biden also said he would appoint “a fully empowered supply commander in charge of filling in the gaps.”

 

 

On 15th July 2020, US Customs and Border Protection (CBP) placed Topglove subsidiaries under detention orders(DO) for gloves distribution in United States. In view of new President Biden’s call to ensure all PPEs including glove to be procured, the detention order for Topglove subsidiaries namely Top Glove Sdn Bhd and TG Medical Sdn Bhd will be revoked accordingly in the coming weeks.

 

 

Unlike outgoing President Donald Trump will has made many trade restrictions over the last 2 years in areas such as technology, building materials,etc on certain countries, President Biden is looking to overturn these restrictions. Thus, Topglove will be one of the many beneficiaries including Huawei, TSMC, FGV, Tencent, TikTok, etc

Labels: TOPGLOV
  1200742 likes this.
 
Gaussian Biden has to elected into the office first before he can reverse the decision. So the revoke order Will take effect after Jan 2021
08/11/2020 12:33 PM
limkt88 thats the weirdest statement i ever heard.

CBP is enforced by custom department not the president of USA.
If revoke they just need the authority in charge to lift it..... u dont need a president to revoke this kind of order... hahaha
08/11/2020 12:35 PM
Airline Bobby lol. This guy trying to pump up the market by fooling newbies
08/11/2020 12:47 PM
henry888 Is possible as custom department have to be in line with Biden's policy of administration. CBP enforced is country to country and so is the concern of USA policy.
08/11/2020 1:43 PM
gemfinder Tis is fake news. Clearly wan to scam newbies
08/11/2020 2:09 PM
frleong2005 Yalah. Going to scam newbies..
08/11/2020 2:48 PM
Gaussian Anyway just check how many shares have EPF bought till now
08/11/2020 3:18 PM
newbie8080 @limkt88
You only have 7 comments and mostly negative towards glove.
CBP is enforced by customs department and is govern by the executive order of the President of United States of America.

With new president in placed, commissioner's office will likely be replaced with Biden's team.
08/11/2020 6:01 PM
newbie8080 @Airline Bobby

You're another individual negative of glove based on all your comments.
I'm publishing based on facts and I did not give a timeline as no one knows.

One key point for sure is WRP Asia case took 6 months to revoke, thus is a good benchmark since Topglove had engaged the same consultant that helps WRP Asia to solve the same issue.
08/11/2020 6:05 PM
witan EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 3,025,400 shares on 30-Oct-2020.

EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 9,114,000 shares on 26-Oct-2020.

EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 12,000,000 shares on 23-Oct-2020.

U think EPF stupid ah buying so much TG. Follow the big money
08/11/2020 9:59 PM
EatCoconutCanWin Sell on news. Biden not good for equities.
09/11/2020 7:45 AM
BALANCE_VIEW If u wan 2 sell, pls do so. Nobody can stop u.
Pls sell and go buy other stock, which has EPS of RM1.00. MOST likely u will get EPS of less than 10sen with PE above 50x.
09/11/2020 8:24 AM
stocktrade101 biden can always use his executive order to release those gloves.
09/11/2020 11:58 AM
Steve Ooi Don't you think the newly appoint president so dak han bother about this glove detention issue?
Needless promote, the more you promote the more the share price heading toward south darkato.
09/11/2020 1:45 PM
newbie8080 @Steve Ooi

It's President Biden's mandate during his election campaign to procure PPE using his Executive Order.

https://www.cnbc.com/2020/10/23/joe-biden-lays-out-a-detailed-plan-to-fight-coronavirus-.html
09/11/2020 8:56 PM
tips888 SHOULD I SELL MY 100 LOTS SUPERMAX ? BOUGHT AT RM 9.50 YESTERDAY ....
10/11/2020 2:54 PM
newbie8080 Ask yourself a question where Supermax will be 10 years from now.
10/11/2020 11:16 PM

Topglove: Overwhelming Demand For Nitrile Glove

Author: newbie8080   |  Publish date: Thu, 5 Nov 2020, 1:07 PM


Topglove: Overwhelming Demand For Nitrile Glove

 

Just to hightlight share some key points based on latest investor briefing on 20th October 2020.

 

  1. Orders for Topglove Nitrile Glove had reached till May 2022.

 

  1. Customers are encouraged to get natural rubber glove in the meantime, boosting natural rubber lead time to October 2021.

 

 

 

  1. Updates on US Customs and Border Protection (CBP)

 

 

 

  1. Updates on No.1 position for multiple glove types

 

 

 

  1. Topglove updates on future plans

 

 

 

  1. Company updates ‘Best is yet to come’

Labels: TOPGLOV
  tylee81 likes this.
 
witan Nice sharing. Thank you. At last someone who comes with facts instead jst rumours
05/11/2020 3:03 PM
newbie8080 Topglove is more transparent with their orderbook than supermax as the company indicates the exact month and year. So that investor will be assured.
06/11/2020 12:33 PM
newbie8080 Budget 2021: Top Glove, other rubber glove manufacturers pledge RM400m to assist Covid-19 fight, including for vaccines

A small contribution to the society should be applause, NO WINDFALL TAX
06/11/2020 6:44 PM
sensonic I WILL BUY 100 LOTS TOP GLOVE ON MONDAY USING MY EPF.
07/11/2020 11:16 AM
newbie8080 Expecting monday to move closer to RM9 and above in view of positive outcome from Budget 2021 and Covid-19 negative outlook worldwide.
07/11/2020 6:51 PM
sensonic WILL MARKET RALLY ON MONDAY ?? I AFRAID I CANNOT BUY CHEAP.
07/11/2020 8:02 PM
DarkTemplars all gloves companies will continue to make super profits till mid 2022 now.

its all common sense la..

whats so hard to see

aiyoyoyo
07/11/2020 8:04 PM
sensonic I WILL SELL ALL MY TOP GLOVES AND BUY SUPERMAX ON MONDAY AFTER READING UNCLE ARTICLE
07/11/2020 9:28 PM

Glove Catalyst Part 2: Vaccine Manufacturer’s Confession

Author: newbie8080   |  Publish date: Thu, 29 Oct 2020, 10:19 PM


Glove Cataly​st Part 2: Vaccine Manufacturer’s Confession

 

Merck CEO says Covid vaccine won’t be a ‘silver bullet,’ predicts mask use for the ‘forseable future’

 

https://www.cnbc.com/2020/10/29/covid-merck-ceo-says-vaccine-wont-be-a-silver-bullet-predicts-mask-use-for-the-forseable-future.html

 

https://www.cnbc.com/video/2020/10/29/merck-ceo-social-distancing-vaccine-mask-wearing-squawk-box.html

 

 

Merck CEO Kenneth Frazier said Thursday that drugs to treat or prevent Covid-19 aren’t a “silver bullet” solution to the pandemic, predicting people will need to wear masks and practice social distancing measures well into 2021.

 

“I don’t see the therapeutics that we have — or the vaccines that are coming — as a silver bullet,” Frazier told CNBC’s “Squawk Box,” saying that people will still have to practice mask wearing and social distancing “for the foreseeable future.”

 

“I think that’s with us for a while, and I would say certainly well into 2021 we’ll still be trying to observe these public health measures,” he said.

 

 

Dr. Robert Redfield, the director of the U.S. Centers for Disease Control, has previously told lawmakers that a face mask could provide better protection against Covid-19, even when a vaccine is approved. That’s because a potential vaccine, which will likely be available in limited quantities by the end of this year, may only be 70% effective.

 

 

The effectiveness, or immunogenicity, measures a vaccine’s ability to build an immune response to the virus. Other top health experts, including White House coronavirus advisor Dr. Anthony Fauci, have said the likelihood of producing a highly effective Covid-19 vaccine — one that provides 98% or more guaranteed protection — is slim.

 

Which glove to choose? You can choose Topglov, Supermx, Harta, Kossan

Note: I ignore the smaller ones.

Of course the one who is the largest in the world and the lowest PE at 37

 

Topglov target price of RM30 ?

Supermx target price of RM26 ?(according to Koon Yew Yin)

Harta target price of RM29 ?

Kossan target price of RM23?

 

Are you looking at vaccine?

 


 

 

 

  Be the first to like this.
 
ahbah "" predicting people will need to wear masks ""

"" people will still have to practice mask wearing ""

The above article is about wearing masks or about wearing gloves or about both of them, please ?
30/10/2020 4:20 PM
sensonic I WILL CONTINUE TO BUY SUPERMAX.
30/10/2020 7:10 PM
newbie8080 @ ahbah
This article is to reveal that one of the vaccine manufacturer is confessing that long term mask is still needed.
Thus, PPE including glove will still be the main solution for Covid-19 even with vaccine.

Not that vaccine will not work, but production and logistic are not ready to vaccinate 8 billion ppl.

Even if both production and logistic are ready, the vaccine efficacy may not be effective.

Even if vaccine efficacy is efficient/perfect, a person vaccinated can still be infected with covid-19.

So that's the point that glove WILL surpass most IBs estimate for 2022's demand to normalise, at least till 2024/2025.
30/10/2020 11:00 PM
ahbah ""Even if vaccine efficacy is efficient/perfect, a person vaccinated can still be infected with covid-19.""

If like that above, then plain water vaccine can still be considered efficient/perfect vaccine bcos a person vaccinated can still be infected with covid-19.
01/11/2020 10:07 PM
newbie8080 @ ahbah

To be honest, many people are promoting vaccines and that glove's demand will reduce significantly will be proven wrong.

Vaccine wannabies are thinking after 1-2 doses of vaccine, the individual will be 100% immune to covid-19. It's very sad to see these understandings.

Anyway, glove will still continue to produce after covid-19 war but vaccine for covid-19 will definitely die a natural death since vaccine wannabies believe everyone is cured in the end.
03/11/2020 2:09 PM

Will Glove Demand Sustain after 2021? - Van Gogh Of Financial

Author: newbie8080   |  Publish date: Wed, 28 Oct 2020, 5:33 PM


Will Glove Demand Sustain after 2021? - Van Gogh Of Financial

October 28, 2020

Focus: It's always had been the story of vaccine undermining the attraction of gloves 

 

Will glove demand sustained beyond 2021?

First things first, 2021 capacity for most glove manufacturers are fully booked which means confirm earnings for 12-mths. There are no companies in other sectors that are able to delivery such guidance.

It's confirm that during the analyst briefing, Supermax and Hartalega capacity for 2021 are fully booked as at October 2020.

We are still waiting for Kossan and Topglove to deliver their earnings soon. More will be revealed and we can be fairly confident that their capacity for 2021 is fully booked as well.

Other smaller players such as Careplus, Comfort and Ruberex will be revealing their earnings as well.

Mahsing will be interesting to watch if the company could deploy speed to build, develop and market in next 1-2 years what the Top 5 glove manufacturers had been doing the last 20 years.

 

 

 

How is it that glove demand is so high?

EU warns not enough Covid vaccines for all in Europe until 2022

The 27-nation bloc has a population of 450 million. It has secured more than 1 billion doses of potential Covid-19 vaccines from three drugmakers and is negotiating the booking of another billion vials with other companies. “There will not be sufficient doses of Covid-19 vaccines for the entire population before the end of 2021,” a European Commission official told diplomats.

https://www.cnbc.com/2020/10/27/eu-warns-not-enough-covid-vaccines-for-all-in-europe-until-2022.html

 

Covid hospitalizations rising in 36 states as U.S. hits another record for average new cases

The average number of patients hospitalized with Covid-19 over the past seven days rose by at least 5% in 36 states as of Monday, according to a CNBC analysis of data from the Covid Tracking Project. “This is a harbinger of a very tough winter that’s coming,” Dr. Bill Schaffner, an epidemiologist at Vanderbilt University, said in a phone interview. Over the past seven days, the U.S. reported an average of 69,967 new cases every day, the highest seven-day average recorded yet, according to a CNBC analysis of Johns Hopkins University data.

https://www.cnbc.com/2020/10/27/covid-hospitalizations-rising-in-36-states-as-us-hits-another-record-for-average-new-cases.html

 

Supermax:

Yesterday Supermax’s net profit soared to RM789.5mil from RM24.7mil made a year ago, as revenue jumped to RM1.35bil. Supermax also said it was exploring the options of a dual listing on the Singapore Exchange (SGX).

Supermax said it has put in place expansion plans to build a total of five glove manufacturing plants between now and 2022. This will yield an additional production capacity of 22.25 billion, making a total of 48.42 billion gloves by end-2022. Supermax will invest a total capital expenditure of RM1.39bil for the new plants.

Supermax is reinvesting the earnings derived from our distribution centres into the respective countries in particular in the United States and the United Kingdom. The company is now in the planning stages and will kick-start the US and UK projects in 1H2021 and target commission in stages starting 1H2022.

The capital expenditure earmarked for the US is US$300 million for phase 1 and US$250 million for phase 2, totalling US$550 million, and for the UK, it is £50 million. 

 

 

Hartalega:

Hartalega net profit jumped 424% to RM544.96mil in the second quarter ended Sept 30, from RM103.86mil a year ago, riding on the surge in demand due to the Covid-19 pandemic. The glove maker reported higher revenue by 89.7% to RM1.34bil from RM709.42mil. Its earnings per share were 15.95 sen compared with 3.09 sen.

In the first half, its net profit rose by 286% to RM764.67mil from RM197.93mil in the previous corresponding period. Its revenue increased by 67.9% to RM2.26bil from RM1.35bil a year ago. The group’s performance was propelled by higher sales revenue on the back of increased sales volume and higher average selling price. This was further supported by improved production efficiency.

Hartalega marked a critical milestone this month with the completion of plant six of its Next Generation Integrated Glove Manufacturing Complex (NGC).

Hartalega’s operational efficiencies and project management capabilities were able to bring plant six fully on-stream one year ahead of schedule. Moving forward, plant seven which caters to specialty products is in the expansion pipeline and will add an annual installed capacity of 2.7 billion pieces.

The company will also be embarking on construction of plants eight to 11 on land acquired adjacent to the NGC, which will increase their installed capacity with the addition of 19 billion pieces per annum once completed.

Hartalega's longer-term expansion will be driven by NGC 2.0, with the first production line targeted to be commissioned in the calendar year 2022. NGC 2.0 will ntailed seven production plants, comprising 82 production lines with an installed capacity of 32 billion pieces of gloves. The completion of this expansion will bring the group’s total installed capacity to 76 billion pieces per annum.

 

 

 

 

https://vangoghoffinancial.blogspot.com/2020/10/will-glove-demand-sustain-after-2021.html

  Be the first to like this.
 
tablesalt Lol, at the end all these don't matter as people will be panic selling after the slightest news of vaccine availability.
29/10/2020 6:42 PM

Supermax: The Best Is Yet To Come- Myth or Truth

Author: newbie8080   |  Publish date: Tue, 27 Oct 2020, 5:20 PM


Supermax: The Best Is Yet To Come- Myth or Truth

 

It will all be reveal by Stanley Thai, who once said that he expected Supermax revenue to hit RM700 million in 2005 on a Bursa Query on 18 October 2005.

Back then, the company is running on a capacity 8 billion per annum.

Can his words be trusted even since he was previously convicted of insider trading with former remisier Tiong Kiong Choon who had each been sentenced to five years' jail and fined for insider trading in relation to APL Industries Bhd (APLI)?

Away with the past, now the company is running towards 100% capacity of 26 billion per annum by end 2020. It also runs a different model of OBM structure that allows it to garner better ASP and profit margin. Also noting among the top 5 largest glove manufacturer in the world, it’s the SMALLEST. However, it’s plan to expand it’s capacity to 48 billion per annum by 2022 is the BIGGEST among the top 5.

 


 

Note: Supermax exported 55 per cent of production under its own and 40 per cent through independent distributors. Only five per cent is allocated for original equipment manufacturer (OEM) production. Supermax is able to leverage on its own distribution to build a direct relationship with the end users so that they will remain sticky and continue to purchase through Supermax's own distribution channel even post-pandemic.

 

 

 

 

Currently Supermax will be announcing it’s Quarter 1 (Q1) results soon.

In i3 investor forum, people are calling its Q1 PAT between RM600 million to RM1billion.

So it’s safe to say that RM700 million to RM800 million is possible.

However, let’s be reminded again that Supermax’s last call for ASP hike was back in July (Refer to slides)

 

Will there be further ASP hikes for August onwards?

What’s your take on Supermax’ Q1 PAT?

 

 

 

 

Related stocks: Topglov, Harta, Kossan, Careplus, Comfort, Ruberex, Mahsing

 

 

 

 

Labels: SUPERMX
  2 people like this.
 
CCCL Myth: no dividen declare after reporting super profit!
28/10/2020 11:09 AM
speakup no dividend because profit used for share buyback
company have to spend a lot of money for share buyback because short term traders sell on good news
28/10/2020 11:30 AM
speakup because of short term traders, company have to spend on share buyback rather than give out big dividend. otherwise supermax could've given a 5sen dividend this Q
sama macam topglove.
28/10/2020 11:40 AM
CCCL Share buy back only beneficial to the owner of the company. Now some more going to spend a billion ringgit in US. So for next few quarters won’t be any big dividen.
28/10/2020 11:59 AM
Goldberg Final dividend via share dividend distribution on the basis of one (1) treasury share for every forty-five (45) existing ordinary shares held in the Company in respect of the financial year ended 30 June 2020.

Ex-Date07 Dec 2020

SUPERMAX is the best stock in Bursa.

A SUPER stock .
28/10/2020 9:30 PM
newbie8080 Almost 20 cent in value
28/10/2020 9:48 PM


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