KLSE: TOPGLOV (7113)       TOP GLOVE CORP BHD MAIN : Health Care
Last Price Today's Change   Day's Range   Trading Volume
6.79   -0.33 (4.63%)  6.68 - 7.15  91,636,200
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Market Cap: 55,654 Million
NOSH: 8,196 Million
Avg Volume (4 weeks):64,157,245
4 Weeks Range:6.15 - 8.69
4 Weeks Price Volatility (%):
52 Weeks Range:4.33 - 29.30
52 Weeks Price Volatility (%):
Average Price Target: 9.42
Price Target Upside/Downside: +2.63

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: 29.81  |  3.35%
T4Q DY | Payout %: 1.70%  |  50.58%
T4Q NAPS | P/NAPS: 0.6027  |  11.27
T4Q NP Margin | ROE: 26.31%  |  37.79%


Date Subject
01-Dec-2020 Govt opens 19 investigation papers on Top Glove worker lodgings in five states
01-Dec-2020 TOPGLOVE: Being hunted down. Should you buy/accumulate?
01-Dec-2020 MoHR opens 19 investigation papers against companies in Top Glove group after Covid-19 outbreak among workers
01-Dec-2020 Top Glove among companies to face charges for flouting Act 466
01-Dec-2020 Strategy - Malaysia: A cautious end to a roller-coaster year
01-Dec-2020 Minister rubbishes claims Top Glove being allowed to operate
30-Nov-2020 Covid-19: Enhanced MCO at Top Glove dormitories in Klang extended another 14 days, says Ismail Sabri
30-Nov-2020 陈艳芳 | 染“疫”风暴  顶级手套须尽快止血
30-Nov-2020 Report: Top Glove says yet to receive workers’ housing Act penalty notice
30-Nov-2020 浅谈股票回购 Share Buyback 》
30-Nov-2020 危机管理消弭风险/万年船
29-Nov-2020 Top Glove says has not been notified on Workers’ Housing Act penalty
27-Nov-2020 Under Covid spotlight, Top Glove sets Dec target to improve worker accommodations nationwide
26-Nov-2020 Should we buy Top Glove since it has been plunging due its 28 factories shut down? Koon Yew Yin
26-Nov-2020 Covid-19: 5,000 Top Glove workers screened so far, says Selangor MB
26-Nov-2020 Top Glove is biggest contributor of cases in a single day, says Ismail Sabri
26-Nov-2020 Now at epicentre of Selangor's largest Covid-19 cluster, Top Glove says gloves free from coronavirus
25-Nov-2020 Tan Sri Dr Lim: Top Glove estimates dividend yield to be more than 6% in FY21
25-Nov-2020 Senator: Teratai cluster should be catalyst for better worker housing, industry revamp

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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  40 people like this.


01/12/2020 9:32 PM
moneymakerx We are never short of nay-sayers or people who just want to believe in what they want to believe in. TG SBB also can complain, also can be made a topic of discussions. If you don't believe in the management, there are many other counters you can go to. Why the need to bash or critique, I also dont know. Many dont see what's being developed at the back scene. Because I think action speaks louder, and now TG is being forced into tackling all sorts of humanitarian problems as they are being the spotlight for all the wrong reasons.

TG has been actively engaging with the authority and doing all it can. And I think need to give credit where credit is due. But it's good also that many missed all these smaller details but harping on the issues that were already being fixed on actively. The management is not even denying these were wrong but they are quick to fix the issues.

But you will still hear many who say TG is only interesting in making money. Hello, US is printing money. Yet many praise US for banning because of technicality and the reporter now is still on manhunt and is afraid to face the music. People are quick to judge and there you have it, is why these peoiple will forever stay peasant and forever complain. Because when I see bad news, I see opportunity for TG to stay ahead in the competition. If internally it was a struggle, then now perhaps it's time to relook into the priorities and get it done right.

Being big has downside as well, as being complaecent will make sure you are doomed. Look at Nokia, Kodak. It's a good wake up call. To stay big and continue to grow big, they need to grow in all aspect, and this is exactly the right reason.

I will still stay invested after so many years invested in TG, this is honest and hardworking folks these naysayers are trolling. You think they know any better?
01/12/2020 9:34 PM
kens88 TopGlove also got gym lo.

Left the sauna, swimming pool and personal masseuse only
01/12/2020 9:34 PM
linheng Exert some pressure and hope the relative get a directorship. That's how we work
01/12/2020 9:36 PM
unomi12 SunTzu1668 Gloveisover OMG

Even Trump can’t prove anything. Ridiculous to base on these messages

This look so fake, look at the conversation if im working in topglove , if im sending a text message to my colleague , i wont specific write "TG factories" .

Minister Sabri already clarify , there factory is still close at the moment. Probably another fake news circulating around
01/12/2020 9:36 PM
supermxmx https://www.freemalaysiatoday.com/category/nation/2020/12/01/top-glove-hints-hr-ministrys-action-does-not-match-stated-stand/
01/12/2020 9:38 PM
AXE666 Seem like glove company need to prepare expatriate facility for Bangla...really lucky these Bangla operators ,really need to thanks our minister.
01/12/2020 9:40 PM
MoneyAndHoney Big banks all fall

01/12/2020 9:41 PM
AllYouCanBuy It is interesting just to read all the comments here. No doubt, TG sees profits until end 2021.But track and trace of its share price from the past month has begun to observe upside limit. It is all about the sentiments investors hold. Vaccination requires use of gloves but gloves have been linked to Covid-19 cases NOT vaccines in the investors' mindset (those who are holding TG are excluded).

The main question to ask ourselves is: how much more upside will we see from now on? Fundamentals, facts and sentiments determine its share price.

Many are creating fear here but I say the safe entry price will be 6.00. There will surely be more problems to watch out for besides the workers issue now. Its price will face resistance at 7 and beyond, for a while to come.

Trade cautiously! And remember, TG is a cyclical stock.
01/12/2020 9:43 PM
staedy @allyoucanbuy what are the chances that the price will drop to RM6? and what do you think will be the upside limit of TG?
01/12/2020 9:52 PM
AllYouCanBuy Soon.. a month or 2 to get to 6. Upside limit would be 7.50. That's from my study and observation. You don't have to follow..

TG price is highly related to the investors' sentiments. The heat has died off substantially as it had been there for a long while and the vaccines are coming from all directions now, if you know what I mean. Those who are still holding it or who just jumped into it will surely disagree with me. Those who are still wondering, do your homework.

There are many recovery stocks which give better chances, why dwell on gloves until 2021? Why not keep your options open?
01/12/2020 10:07 PM
YOLOorLOL Hold on guys...that is dirty trick from government...this cases like sp setia ......at last conquer by government the hippo
01/12/2020 10:08 PM
TKLOOI Our govt is playing to d gallery to show it is taking action.
If accomodation is an issue then ALL d construction companies will be in big trouble lah.

D govt shd check how n where d workers got infected. D house or aprt cannot infect them. They got infected somewhere outside. That is d root cause.
01/12/2020 10:12 PM


01/12/2020 9:32 PM

Diu, Minister said Tropicana is best of the best, they even prepare them a 18 holes golf course on top of swimming pool and sauna gyn, just can't figure out how the workers get covid.

Tropicana which counter?
01/12/2020 10:14 PM
unomi12 https://www.marketwatch.com/story/some-disneyland-staff-say-they-struggle-with-homelessness-and-food-insecurity-2018-03-01

speaking about employees benefit, even Disneyland staff goes homeless.
01/12/2020 10:20 PM
psd57 Expect a big fall tomorrow as more casee are coming up
Currently 5,000.odd workers infected.
01/12/2020 10:20 PM
mita29 Change brand to Hellglove or Thanosglove better, j/k Uncle Lim.
01/12/2020 10:21 PM
Keyman188 Keyman188 always like to repeat & repeat to remind ourselves...

Time to wake up lorrr......

Big Boy already earned full full liao...

Now only late comer turn in keep on struggling...

SO KESIAN late comer players everyday insomnia nowadays...

Everyday carrying bomb to your life unless you plan to invest for next 10 years or 20 years...

If still putting hope towards 10.00 level...hmmm...

" Don't hope, hope become your killer"...
01/12/2020 10:22 PM
faralenz77 COVID-19 is not as dangerous as what most ppl think.
It is highly infectious in the sense that it transmits rapidly from one person to another.
But if ppl are willing to follow sop guidelines of mask wearing, hand washing,social distancing,
death rate will keep low.
After more and more ppl get infected and immunised, the virus will just disappear one day.
Effective and safe Vaccines takes time to get to the mass, it will take years.
01/12/2020 10:24 PM
tan81 Rumour said tg want cancell 150mil donation to gov..... Good luck to tg shareholder.
01/12/2020 10:28 PM
staedy also TG just appoint new risk commettee and nominee commettee go see the background you think TG just become biggest in the world overnight meh
01/12/2020 10:34 PM
AXE666 Yes better cancel it. Use it to build the swimming pool and gym requested by Hr minister, fair enough right ?
Since govt so concern on the foreign labour work life balance and leisure life.
01/12/2020 10:35 PM
tan81 Gov wan tg donate 3bil...but tg only donate 150mil....game over this tg.
01/12/2020 10:37 PM
Ryan83 Tomorrow morning all newspaper headlines Top Glove face government court penalty charges really very bad news
01/12/2020 10:37 PM
tan81 If donate 3bil...gov can close eye.
All ok.
01/12/2020 10:37 PM
Arsenewenger8383 Hehe.. sudah jatuh ditimpa tangga..
01/12/2020 10:37 PM
mita29 COVID-19 is ~10 times more deadly than swine flu! DONT PLAY PLAY WITH THIS VIRUS PLZ!
01/12/2020 10:38 PM
AXE666 Tan81, ask LWC donate 3bil sperm for u may be
01/12/2020 10:40 PM
greencode News spread till overseas. Order cancel. 360 degrees change the Bussines. Once drop till rm 4 all director sell also. Game over.
01/12/2020 10:41 PM
mita29 I think TG should donate at least half of their next year earning to government vaccination program. Suddenly, you would see gov officials very helpful and cooperative to help TG resume limited operation. DO IT LWC! We support you (for your free vaccine)
01/12/2020 10:46 PM
Ryan83 Top Glove share buy back again tomorrow at least RM50millions same as today while EPF keeps selling millions of shares every day
01/12/2020 10:48 PM
staedy @greencode 360 degrees is back to where it started, what are you even saying? must be intelligent a bit ler
01/12/2020 10:48 PM
AXE666 Can’t understand why these ppl want to tarnish the local company which is bringing in high profit and boosting the nation economy,just for the personal interest in hoping ppl sell down and grab the cheap ticket.
01/12/2020 10:58 PM
john1 COVID-19 | The Health Ministry reported 1,472 new Covid-19 cases as of noon today and three deaths.

Half of the new cases were from the Teratai cluster alone, which is linked to the Top Glove factory in Klang, Selangor.

Health director-general Dr Noor Hisham Abdullah said overall, the number of new infections in the country had reached a "more stable" rate.

This was because the majority of new transmissions were emerging from construction sites and factories.
01/12/2020 10:59 PM
john1 Half of today cases
01/12/2020 10:59 PM
jolow Epf sell top glove. Not meeting ESG requirement
01/12/2020 11:01 PM
matmon https://www.tradeview.my/2020/12/tradeview-commentaries-glove-dilemma.html?m=1
01/12/2020 11:02 PM
jolow Customer don’t buy glove from top glove anymore.
Cancel order
01/12/2020 11:03 PM
jolow Macc will investigate on top glove
01/12/2020 11:04 PM
michaelwong Worst than windfall taxes . Go by the back way to squeeze funds from behind since the contribution by TG couldn't fulfill their obligations.

This is totally a bad moves by the authorities since the company are willing to comply and to improve the living workers conditions .Ample and adequate time must be allowed for improvement not by using excessive force that may resulted in certain cash rich companies to shift their investments to some others countries , so the government may lost their tax revenues in return.
01/12/2020 11:07 PM
jolow Top glove surgical plant terang nusa under detention fda level 2 loh.
Very serious .
01/12/2020 11:07 PM
Ryan83 Top Glove already spent RM1.2billion share buy back since Sept until today.It is much better to spend RM200-300millions to buy 1,000-1,500units of apartments for their foreign workers accommodation.
01/12/2020 11:12 PM
Keyman188 Keyman188 still can recall...

Past few months back during MCO...CMCO...or...lock down everywhere...

TG players very happy & laughing others who are suffering because all other sectors so much selling pressure until no eye see...

But now come back to TG become factory CMCO + penalty once if found guilty on SOP not meet...

So end up TG this few weeks become targeted selling pressure...

Is it called karma + retribution!!!...

01/12/2020 11:12 PM
gemfinder Karma hit gloves
01/12/2020 11:13 PM
gemfinder Earn money from dead person. Karma. Like to c cases increasing. Karma
01/12/2020 11:14 PM
Will188 Drop.. ST entry not now. LT don't sacrifice ppl hard earn money
01/12/2020 11:14 PM
YouHoLanKangLiao Ah chai Lim this time really HoLanKangLiao! No hope liao! From hero become semi zero liao!
01/12/2020 11:14 PM
Will188 St plz out at this moment,.
01/12/2020 11:14 PM
menotassassin Earn money from dead ppl?? Gloves are the one that keeping ppl alive!!!
01/12/2020 11:15 PM
gemfinder It is vacine. Not glove
01/12/2020 11:16 PM

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