Highlights
KLSE: TOPGLOV (7113)       TOP GLOVE CORP BHD MAIN : Health Care
Last Price Today's Change   Day's Range   Trading Volume
8.90   0.00 (0.00%)  0.00 - 0.00  0
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Overview

Market Cap: 72,924 Million
NOSH: 8,194 Million
Avg Volume (4 weeks):48,785,740
4 Weeks Range:8.20 - 9.72
4 Weeks Price Volatility (%):
91.56%
52 Weeks Range:4.33 - 29.30
52 Weeks Price Volatility (%):
30.38%
Average Price Target: 21.04
Price Target Upside/Downside: +12.14

Financial Highlight

Latest Quarter | Ann. Date 31-Aug-2020 [#4]  |  17-Sep-2020
Next QR | Est. Ann. Date: 30-Nov-2020  |  17-Dec-2020
T4Q P/E | EY: 39.06  |  2.56%
T4Q DY | Payout %: 1.30%  |  50.58%
T4Q NAPS | P/NAPS: 0.6029  |  14.76
T4Q NP Margin | ROE: 26.31%  |  37.79%

Headlines

Date Subject
22-Oct-2020 Why you should not sell glove stocks? Koon Yew Yin
21-Oct-2020 手套股卖压沉重‧马股失守1500
21-Oct-2020 Music still loud at the GLOVES party
19-Oct-2020 PublicInvest Research Daily - 19 October 2020
18-Oct-2020 Top Glove says labour issues in US DOL report resolved, seeks quick lifting of import ban
17-Oct-2020 How to be an extraordinary investor? Koon Yew Yin
17-Oct-2020 TOPGLOV(7113),顶级手套教会我的10件事 - Harry Teo
17-Oct-2020 独沽一味VS样样都来/拿督刘明
16-Oct-2020 美劳工部:压榨外籍劳工 胶手套列强迫劳工名单
16-Oct-2020 GLOVES cement dominance in Malaysia as virus spikes
15-Oct-2020 Economics & Strategy - The Second Wave
15-Oct-2020 Are Malaysian GLOVES losing the US market on labour issues?
15-Oct-2020 GLOVES see selling pressure as US claims forced labour
15-Oct-2020 Just another 52-sen rise, and Top Glove will overtake Maybank’s market cap
15-Oct-2020 US adds Malaysian GLOVES onto list of goods produced with forced labour
14-Oct-2020 Does TOPGLOVE need Hong Kong listing?
14-Oct-2020 Top Glove - Making Progress on Plans to List in Hong Kong
14-Oct-2020 Mplus Market Pulse - 14 Oct 2020
13-Oct-2020 Mplus Market Pulse - 13 Oct 2020
12-Oct-2020 传香港上市筹资41亿‧ 顶级手套:初步阶段

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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  37 people like this.
 
WorldWideInvestor Sell down- WHY?

Topglov ex date for dividend just passes on 19-10 so meaning they all buy for dividend.

Starting tomorrow, all the dividend players sold off moving way for real shareholders (rebound today)

https://www.theedgemarkets.com/article/epf-stake-buoys-top-gloves-rise-covid19-cases-climb

HUAT AHH!
22/10/2020 7:34 PM
NoNonsenseHere -
Supermax's profit RM 1 billion (October 28 QR expected) beats the profit of Maybank previous quarter (940 million), the largest company in the whole of Malaysia.

Maybank market cap (80b) is THREE TIMES larger than Supermax (26b) but Supermax defeats Maybank's profits. Fantastic.

Meanwhile hotels will be closed for years to come and banks cannot lend.
Genting LOST RM786 million in one quarter and will continue to incur losses.
Supermax GAINS RM1 billion in one quarter and will continue to grow.
Fantastic.

Supermax's Canada OBM Aurelia Gloves™: https://aureliagloves.com/about/

Supermax OBM Mask BeyondMask™: https://mybeyondmask.com/
22/10/2020 7:34 PM
cchcch Covid cases is not coming down any sooner. Glove usage skyrocketing. Vaccine administration need even more glove. QR result will be better and better. No other counters can sustain the profit. Buy glove when it dropped . Sure bound back like today and yesterday.
22/10/2020 7:49 PM
Astartes aiyoyo a simple calculation

pat estimated by banks in FY2021 is 9bil
eps = 1.1
number of shares = 8170mil

P/E price
25 27.54
30 33.05
50 55.08

need to think n panic anymore meh? but short term n contra players cant help u la

aiyoyo
22/10/2020 7:56 PM
UPlanet StockisntFun Ok ok let’s see today 6 30 pm the number of cases , bet rm100 , lower than yesterday
22/10/2020 3:06 PM

Bro, you lost Rm100! Ha! So, no one can know actually WHEN the Covid19 can be ended! Not EPF, not any IBs, not the most powerful man in the world Trump or anyone else..! Except God!
22/10/2020 8:15 PM
Pimpsnwhoreshere Forget TG switch over to supermax cw n dpharma cw
22/10/2020 8:18 PM
BeastOfTheEast Donnald never had much respect for covid-19
22/10/2020 8:20 PM
BeastOfTheEast He was always so cynical & dismissive about covid-19
22/10/2020 8:21 PM
BeastOfTheEast But now that both he & his missus hv both got it he should know better I guess
22/10/2020 8:23 PM
BeastOfTheEast But he's now a dollar short & a day late
22/10/2020 8:24 PM
BeastOfTheEast Believe it or not, his getting covid-19 has virtually cost him the election & the presidency
22/10/2020 8:25 PM
DawnRaider Vaccine? What vaccine? Death-scene more like it...
https://juiceonline.com/covid-19-vaccine-trials-will-still-continue-despite-volunteers-death-in-brazil/
22/10/2020 8:31 PM
Topper88 Post removed. Why?
22/10/2020 8:33 PM
witan @Topper88 He sold??? Wear your glasses and see properly. Tan Sri buy more lah at rm9.565
22/10/2020 8:47 PM
theidiotone Post removed. Why?
22/10/2020 9:01 PM
NoNonsenseHere @theidiotone

OH NO! I guess Top Glove's BILLIONS of ringgit of profits every quarter from now onwards will turn into paper.
22/10/2020 9:10 PM
Thks1956 So many liars here, newbies please be careful
22/10/2020 9:35 PM
partimeshark don't worry, KYY is stucked here also, he will ask everyone to push up soon
22/10/2020 9:37 PM
Topper88 Post removed. Why?
22/10/2020 9:41 PM
i3lurker Thank you, I am a Newbie too... same like you...
There are liars inside i3 ????

will be careful from now on....

Posted by Thks1956 > Oct 22, 2020 9:35 PM | Report Abuse

So many liars here, newbies please be careful
22/10/2020 9:42 PM
TKLOOI https://trib.al/esL9qaN
22/10/2020 10:02 PM
GoodBoy @Topper88 ... Tan Sri Lim recently bought a lot of TopGlov shares n transferred ownership to his children, he did not sell ... He is doing it bcos he can't hold shareholding more than 33% ... In case his shareholding exceed 33%, a mandatory general offer would be triggered ... He is a billionaire but simply doesn't hv so much money to privatise TopGlov yet ...
22/10/2020 10:06 PM
Hush77 Drop seems to be caused by EPF ;)
22/10/2020 10:12 PM
GoodBoy By looking at EPF transactions, the different between total buy n total sell was merely 1 to 2 million shares a day ... Sometimes buy more than sell, occasionally sell more than buy ... They may trigger some buy or sell momentum, but not the major force ... Bcos TopGlov daily volume were much higher in the 40s 50s 60s million ...
22/10/2020 10:25 PM
Rogerwinn The number of older people getting coronavirus in Europe is rising again. That's really bad news

https://www.cnn.com/2020/10/22/europe/europe-coronavirus-older-people-intl/index.html
22/10/2020 10:26 PM
Goldberg Very interesting article

https://klse.i3investor.com/blogs/lkp/
22/10/2020 10:31 PM
Thunder96 https://covid19.who.int/?gclid=Cj0KCQjw28T8BRDbARIsAEOMBcwD6SE-TTFk9uAzIqmb8fz4ZO7tEO4Y9OONkX8cNoQSuuQJgVedRLIaAsEnEALw_wcB

WHO new case daily make new record high today, 423,819 new case today, you can see from chart when the daily case spike new high glove counter will fly.
22/10/2020 10:51 PM
Topper88 Post removed. Why?
22/10/2020 11:15 PM
GoodBoy It's stated in the announcement ...
22/10/2020 11:20 PM
mockingjay87 Go read Noor Hisham’s Facebook. He had posted some negative impact of vaccine.
22/10/2020 11:28 PM
mockingjay87 It actually need along time to get the right vaccine.
22/10/2020 11:28 PM
supermxmx Learn to live with the pandemic’: Physicians warn that a vaccine may not prevent Covid from becoming endemic
https://www.cnbc.com/2020/10/22/coronavirus-physicians-warn-virus-may-become-endemic-despite-vaccine.html

Dr. David Heymann, who led the WHO’s infectious disease unit during the SARS epidemic in 2002-2003, believes some governments may be over-reliant on the development of a vaccine at a time when effective communication, diagnostic testing and outbreak containment activities are all critically important tools.
“The difficulty right now is that in many countries, they are looking forward to a vaccine which may or may not come, which may or may not be effective in the short or long term, and they are looking at possible therapeutic (options) which could solve many of the problems,” Heymann said Wednesday during a webinar for think tank Chatham House.
“But, that’s not a good way to proceed at present. … We have to learn to live with the pandemic.”
22/10/2020 11:29 PM
Mabel The peak for glove price has yet to come. Lock your profits if you have to. But don't sell all and by all means, avoid CWs. There already too many CWs. You may think you spotted a good deal and other investors are dumb to buy mother share instead of warrant. Just wait till IB press down the price and you lose all money in the CW. You will know who is dumb in the end. We already seen this happen recently. Learn from that mistake.

Meow
23/10/2020 12:02 AM
kachan Can feel all glove can limit up today friday. Quickly buy before miss the train. Buy first today before IB buy.
23/10/2020 4:14 AM
OKU_2020 Post removed. Why?
23/10/2020 5:00 AM
song9bird Post removed. Why?
23/10/2020 6:26 AM
song9bird Post removed. Why?
23/10/2020 6:29 AM
Liquidity i love it when there's so much advise on other people's money and investment. just stfu la.
23/10/2020 6:44 AM
will75 Collapse and correction also don’t know
23/10/2020 6:51 AM
LoneWolf88 So many SKL here, diam9lan7 la
23/10/2020 7:04 AM
Alibaba https://www.benzinga.com/general/biotech/20/10/17932966/gileads-remdesivir-ineffective-in-covid-19-patients-who-study-finds
23/10/2020 7:33 AM
UrKawan So kesian lo..today come crashing down in history
23/10/2020 7:48 AM
UrKawan Funeral with many coffins
23/10/2020 7:49 AM
inPeace What’s the difference between an EUA (emergency-use authorization) and an approval of a vaccine?

EUAs are the primary way that the FDA is handling regulatory authorization of medical products used to prevent or treat infections caused by the coronavirus under authority granted during the public health emergency. However, an EUA is no longer valid once the emergency is over.

Some public health experts have warned, however, that, when it comes to vaccines, the limitations of the EUA process may be misunderstood by the public.

Such an approach should only be used cautiously for COVID-19 vaccines because the public may perceive an EUA as the same as approval.

The FDA issued guidance that recommends COVID-19 vaccines meet a threshold of being effective 50% of the time, which would make a coronavirus vaccine similar in effectiveness to a flu vaccine.
23/10/2020 8:01 AM
inPeace Remdesivir and interferon fall flat in WHO’s megastudy of COVID-19 treatments

One of the world’s biggest trials of COVID-19 therapies released its long-awaited interim results yesterday—and they’re a letdown.

None of the four treatments in the Solidarity trial, which enrolled more than 11,000 patients in 400 hospitals around the globe, increased survival—not even the much-touted antiviral drug remdesivir.

Scientists at the World Health Organization (WHO) released the data as a preprint on medRxiv last night, ahead of its planned publication in The New England Journal of Medicine.
23/10/2020 8:02 AM
inPeace Coronavirus update: Global COVID-19 cases top 39 million as trial of promising therapy finds it does not stop patients dying

The trial, conducted by the World Health Organization, found that remdesivir, as well as hydroxychloroquine, and lopinavir/ritonavir and interferon had “little or no effect” on overall mortality, ventilation, and length of hospital stay among 11,330 participating patients.

The Food and Drug Administration has authorized remdesivir as a COVID-19 treatment, based on a clinical study conducted in the U.S. that found the drug could reduce recovery times.
It had also granted an emergency use authorization to hydroxychloroquine as a COVID-19 treatment although it was rescinded this summer.

The WHO study was first reported by the Financial Times on Thursday.
23/10/2020 8:03 AM
RiverOfSilver AstraZeneca shares slide after Brazilian health authority says volunteer in covid-19 study dies

https://www.cnbc.com/2020/10/21/astrazeneca-shares-slide-after-brazilian-health-authority-says-volunteer-in-covid-vaccine-study-dies.html
23/10/2020 8:05 AM
inPeace https://www.npr.org/2020/10/16/924648126/update-on-coronavirus-vaccine-and-drugs

Update On Coronavirus Vaccine And Drugs

Pfizer announced Friday there would be no coronavirus vaccine before the election. And a new study questioned the effectiveness of remdesivir, a drug used to treat hospitalized COVID-19 patients.
23/10/2020 8:20 AM
gemfinder https://www.theedgemarkets.com/article/gileads-remdesivir-gets-us-fda-approval-hospitalized-covid19-patients
23/10/2020 8:21 AM
inPeace https://www.theedgemarkets.com/article/remdesivir-hydroxychloroquine-found-not-effective-covid19-treatment

Remdesivir, Hydroxychloroquine found not effective in Covid-19 treatment

Antivirus medicines such as remdesivir have been found to be ineffective in treating Covid-19 patients as well as not helpful in reducing death cases of the outbreak.

Health director-general Tan Sri Dr Noor Hisham Abdullah said clinical studies by the World Health Organization (WHO) Solidarity trial proved that anti-malaria medicine hydroxychloroquine as well as lopinavir and ritonavir are not effective in treating the disease.
23/10/2020 8:27 AM


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