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

 

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

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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

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Labels: TOPGLOV

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Chart Stock Name Last Change Volume 
TOPGLOV 6.39 -0.03 (0.47%) 462,700 

  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


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