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Author: csan   |   Latest post: Sun, 13 Dec 2020, 12:50 PM

 

TOPGLOVE: Being hunted down. Should you buy/accumulate?

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Couple of days ago, Topglove's accomodation in Ipoh got raided by the government and it was found to be overcrowded and filthy. After that, I saw the comment section for Topglove in i3investor and I was shocked to see people fighting and defending Topglove. Many were saying things like every other foreign worker accomodation is overcrowded and dirty, some even went to the extent of saying students also live in overcrowded and dirty hostels - so why can't foreign workers have the same!

How can you compare student accomodation to Topglove's? Are the students earning RM20 billion in profits? Lets not talk about RM20 billion, just put RM300,000 in the student's pocket and we will see if their accomodation is dirty or posh. Obviously these morons who defended Topglove strongly owns Topglove and are likely losing money. That is why they get so angry when there is any possible threat to their holdings. 

I have been consistent in saying that it is time to buy Topglove after their factories were ordered to shut down since we now know the extent of the virus spread among the workers and I am not changing my tune now that there will be charges against them for violating labour laws. With these charges, obviously the US CBP ban will not be lifted but this is not a problem.

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Labels: TOPGLOV

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TOPGLOV 6.34 -0.08 (1.25%) 5,476,600 

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