Highlights
KLSE: TOPGLOV (7113)       TOP GLOVE CORP BHD MAIN : Health Care
Last Price Today's Change   Day's Range   Trading Volume
4.60   0.00 (0.00%)  4.53 - 4.60  623,700
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Overview

Market Cap: 11,779 Million
NOSH: 2,561 Million
Avg Volume (4 weeks):2,295,805
4 Weeks Range:4.33 - 4.62
4 Weeks Price Volatility (%):
93.10%
52 Weeks Range:4.21 - 6.36
52 Weeks Price Volatility (%):
18.14%
Average Price Target: 4.72
Price Target Upside/Downside: +0.12

Financial Highlight

Latest Quarter | Ann. Date 28-Feb-2019 [#2]  |  22-Mar-2019
Next QR | Est. Ann. Date: 31-May-2019  |  19-Jun-2019
T4Q P/E | EY: 27.08  |  3.69%
T4Q DY | Payout %: 1.83%  |  49.60%
T4Q NAPS | P/NAPS: 0.9776  |  4.71
T4Q NP Margin | ROE: 9.28%  |  17.38%

Headlines

Date Subject
20-Nov-2019 COMMENTS ON TOP GLOVE CORP BERHAD (7113) - louisesinvesting
15-Nov-2019 Top Glove - Turning Positive Due to Better Quarters Ahead
14-Nov-2019 供应过剩解除·手套业受惠美中贸易战
14-Nov-2019 顶级手套试叩RM4.55/敏源
07-Nov-2019 下跌股:顶级手套RM4.26支撑
05-Nov-2019 Daily Technical Highlights – (TOPGLOV,FPI)
05-Nov-2019 热门股:顶级手套上挑RM4.64
18-Oct-2019 [转贴] 【南洋独家】诗董挑战顶级手套 林伟才:欢迎良性竞争
16-Oct-2019 [转贴] 斤经济较:如何决定KLCI指数股?TOPGLOV是否会被踢出KLCI?
14-Oct-2019 Budget-2020 - Prosperity shared and future proofed
08-Oct-2019 【视频】顶级手套 自动化减人力成本
07-Oct-2019 Top Glove - Heightened Competition for Latex and Vinyl
07-Oct-2019 Top Glove Corporation Berhad - NR and Vinyl Glove Segment Remains Challenging
07-Oct-2019 Top Glove Corporation - Lower Utilisation Rate Expected
07-Oct-2019 Top Glove Corporation - Tough Year Ahead, Cushioned by Better Efficiencies
07-Oct-2019 Top Glove Corporation - Competitive Pressure In Latex Gloves
07-Oct-2019 Top Glove - Inconsistent Sales Growth Trend in Developing Market
07-Oct-2019 PublicInvest Research Headlines - 7 Oct 2019
07-Oct-2019 顶级手套资本开销保持6亿·放眼明年双位数成长
07-Oct-2019 TOP GLOVE CORP - Aiming for Largest Nitrile Gloves Producer

Business Background

Top Glove Corp Bhd manufactures and sells gloves through several product lines to a diverse group of global customers. Some of the different glove options include latex, nitrile, vinyl, and surgical. Top Glove’s products are utilized in an array of end markets such as aerospace, food, beauty, medical, and home care. Traditionally, the company has derived over half of its sales from its nitrile and powdered latex product lines, with customers in North America and Europe generating the most demand. Products like the powdered latex gloves are built to meet various quality standards and provide comfort, protection, and other functionalities.
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  13 people like this.
 
Jonathan Keung Natural glove is cheaper & more widely used unlike surgical gloves. TG is the world number 1 producer . TG is a home grown producer { listed in 2001 ) and now operates in China, Thailand and other Asean countries
25/10/2019 12:58 PM
Dave Jet Coming!Buy in more now.
04/11/2019 9:07 AM
lambsauce Top Glove at risk of being removed from KLCI — AllianceDBS

they panic liao, pumping in so much today to keep its position
04/11/2019 2:12 PM
mf https://www.theedgemarkets.com/article/top-glove-risk-being-removed-klci-%E2%80%94-alliancedbs#.Xb-2V1g-r-Q.facebook
04/11/2019 2:13 PM
berry EPF keeps dumping until the share price dropped more than 25%, now only they realised that Topglov is at risk of being kicked out! Have fun, EPF!
04/11/2019 3:40 PM
Kwong2018 Today warm up.. tomorrow Bari lari..
04/11/2019 6:46 PM
Jeffreyteck Despite weak ringgit, Sep exports fell. Tough challenge ahead for the country.
04/11/2019 10:51 PM
spectre007 Time for bonus issue again to increase market cap?
05/11/2019 5:19 PM
mf Sell
05/11/2019 5:22 PM
enigmatic ¯\_(ツ)_/¯ Kinda sad. Harta is taking flight while Top Glove is sinking.

Still believe in management?

Yes. Past financial records are a confidence booster when you start doubting.
05/11/2019 5:31 PM
lambsauce Harta AMG is boosting them up too much, while topglove acquisition of this kantoi Aspion till now still got no significant n similar product to fight harta
06/11/2019 8:25 AM
Plantermen Without prejudice to any party. Size and volume does matter. TG have ready already diversify into nitre gloves and other related products. Result will shown in the coming financial year. TG is the world's biggest glove manufacturer. TG apart from a contract ma ufacturer has started their own rand manufacturing where margin is higher
06/11/2019 9:01 AM
ravin25 Why drop so much?
06/11/2019 10:03 AM
Questions Stronger ringgit @ravin25
06/11/2019 10:14 AM
kaleemtheman Top Glove Corp Bhd is at risk of being removed from the FBM KLCI if the rubber glove manufacturer's share price deteriorates further, AllianceDBS Research Sdn Bhd analyst Quah He Wei wrote in a note today.
06/11/2019 10:17 AM
ravin25 Thanks @questions
06/11/2019 10:25 AM
Plantermen USD 4.13 against 4.17
06/11/2019 5:41 PM
max8999 Act i not so understand, if pull out from KLCI Index, will affect top glove what?
06/11/2019 6:55 PM
loonginv alamak, harta drop you follow drop, harta up why you didn't follow....aiyoyo....
06/11/2019 7:37 PM
RainT Insider buying today at low
06/11/2019 11:58 PM
RainT Problem is tooglove involve in world largest rubber glove manufacturer which is now trend not good

Most people now want use nitrile instead of rubber glove
So u can see nitrile glove margin is better
07/11/2019 12:03 AM
RainT Tooglove revenue is most from rubber glove
07/11/2019 12:03 AM
Mizi1 I could have miss it earlier, anyone follow the law suit with Aspion?
07/11/2019 1:06 AM
lambsauce tan sri whole family pumping in.......
07/11/2019 9:09 AM
PotentialGhost Boss buy we buy ! Buy !!!
07/11/2019 11:06 AM
Plantermen FBM 30. Top glove is now at 35 { from 6.00 drop to 4.00} FBM 30 have a list of 35 counters pu lished { certain conglomerate have 2 or 3 on the list} example Genting and GENM
08/11/2019 9:28 AM
RainT do you dare to buy when all the bad news about TOPGLOV is in the air ??
08/11/2019 10:51 AM
Trouble Huat selling cont. dont enter first
between EPF and shareholder
08/11/2019 3:28 PM
lambsauce only 1-day show from tan sri family today
08/11/2019 4:50 PM
meistsk3134 topglov what happen? cannot search any news bout it. i see pmetal in top 20 whil topglov 35 almost delist
08/11/2019 10:08 PM
Plantermen TG Price needs to buck up if not by end November drop from FBM 30
11/11/2019 7:57 AM
enigmatic ¯\_(ツ)_/¯ Will TG drop further if it is ejected from FBM30? Any benefit from being amongst top 30?
11/11/2019 10:50 AM
Jonathan Keung FBM 30 is based on top 30 market capitalisation { there are multiples group holdings on the FBM 30 list. Good example is Genting and GENM. effect is immaterial if TG provides good dividend and earnings stream
11/11/2019 2:44 PM
lambsauce wah dun play play, see their power to sapu
12/11/2019 8:48 AM
enigmatic ¯\_(ツ)_/¯ @Jonathan Keung,
My small concern is the exodus of foreign investors in the event TG is out of top 30. (time to accumulate more) So, from your reply, the answer seems to be no.

Regardless, thank you for your reply.
13/11/2019 2:45 PM
Plantermen Enigmatic : u need to look at TG biggest 30 shareholders. Mostly local funds inclusive of EPF who has been rebalancing the books with other Glic. Lim family also hold sustantial stakes. Some are park under nominess acc
13/11/2019 4:08 PM
Plantermen Foreign funds are holding substantial stakes of our government MGS. Any sell down will hit our MYR directly( one of the reasons why our ringgit is depreciating n underporforming against other regional currencies Ed Thai baht, SGD, yuan not forgetting USD.
13/11/2019 4:12 PM
stocksyndicate Buy more if TOPGLOV gets delete from FBM30. Any cheap sales is a good entry
13/11/2019 4:14 PM
stocksyndicate I buy more Alliance bank when it was excluded from FBM30. The prices are already rebound. Good bargain
13/11/2019 4:16 PM
meistsk3134 people talk topglov talk allia.
13/11/2019 8:13 PM
Vkpgkl Top Glove was ranked 15th out of 44 healthcare companies placing it amongst the top 33 percent performers across all DJSI indices. Top Glove is the only Malaysian healthcare company included in the DJSI Emerging Markets, which comprises 98 companies from various industries and also one of only two Malaysian companies on the index.
The DJSI Emerging Market Index tracks the sustainability performance of the top 10 percent of the largest Emerging Markets companies on the S&P Global Broad Market Index and serves as a key reference point for investors and companies alike.
14/11/2019 9:19 PM
factslim1 Top Glove Corporation Bhd (Top Glove) is expected to record improvements in its performance starting from the fourth quarter of 2019 (4Q19) onwards.

“We believe that Malaysian manufacturers will start gaining market share in the coming months as the 15 per cent tariff on Chinese gloves was implemented since September 2019.
19/11/2019 10:54 AM
meistsk3134 share price up talk cock share price drop talk shit
19/11/2019 12:06 PM
RainT any drop is a good chance to collect

wait the exclusion from index

another sell down
19/11/2019 3:01 PM
Dave Jet U think Tan Sri allows topglove exclude from index??
19/11/2019 4:18 PM
Dave Jet He just need top up money ,just like you top up your HP :)
19/11/2019 4:20 PM
RainT is not that LIM WEE CHAI decide want exclude from index or not

is TOPGLOV market cap value

if the share price continue to slide down & lim wee chai dont come to rescue

the market cap will drop below threshold & replace by other higher market cap company

doubt if lim wee chai have enough bullets to support the share price or not?

dont think so he can
20/11/2019 11:04 AM
Plantermen Ambank, Topglove, Airport & Qsr all rank between closely 32- 35. Capitalisation closely link { subject to their price closing. FBM 30 ranks the biggest 30 market cap. Certain Conglomerates have multiple listing. Eg Petronas, Petronas gas. GENTING and GENM etc
20/11/2019 2:20 PM
Jonathan Keung FBM 30 is one of the market cap Indicator. We have FBM 70 and of courses the KLCi 100
20/11/2019 2:27 PM
LouiseS In its 2019 annual report, Top Glove is declared as the world's largest manufacturer of gloves, which exports to 195 countries worldwide.

Nitrile gloves generates the highest revenue (46%), followed by Latex powdered (21%), Latex powder-free (18%) and others (15%). Sales of nitrile gloves is on decreasing trend while sales of powdered and powder-free latex gloves are on decreasing trend.

Top Glove currently owns 33 glove factories, 682 production lines and has production capacity of 64 billion pieces per annum. Expansion of production capacity in progress to reach at 38 factories, 876 production lines and 84.2 billion pieces per annum capacity by December 2020.

Top Gloves' last five years earning per share is steady, ranging from 12 to 17sen. At current share price, P/E ratio is at relatively high level (31). High PE level may be due to support by investors who are confident of the future prospects of Top Glove, which likely to have increased earnings once factories expansion has been completed.

https://louisesinvesting.blogspot.com/2019/11/comments-on-top-glove-corp-berhad-7113.html
20/11/2019 3:55 PM


 

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