Top Glove
Last:0.26
-0.015
Top Glove Make or Break
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1241-1260 of 1458
Just keep shorting this bugger. Comfirm make money one.
Hero became zero !
0.195 lower low hit liao. Gone.
y2jchris ( Date: 22-Sep-2022 10:53) Posted:
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Another case of wealth transferred to the well informed.
Worst stock ever. The worst part is management gives force impression how the demand going to outstrip supply for next 1-2 years until 2023.. Now how many investors get burn?
iinvestor ( Date: 22-Sep-2022 15:32) Posted:
One time hot darling...ever hit $3 before.
Funds all dumping..RM also getting weaker |
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One time hot darling...ever hit $3 before.
Funds all dumping..RM also getting weaker
0.199.
Imagine.
oh no caught some in queue. gg not expecting to get no eyes see liao
looks like bb wan carry this also heavy.
yawn. see how others try to con anothers to let go.
and another try to psycho another.
tongphlp ( Date: 22-Sep-2022 09:10) Posted:
oh dear....
Joelton ( Date: 22-Sep-2022 09:04) Posted:
CGS-CIMB halves Top Glove target price, expects sustained weakness
ANALYSTS have cut their target price on Top Glove Corporation : BVA -6.98% after the Malaysian glove maker on Tuesday (Sep 20) posted its first quarterly loss since listing amid rising cost pressures and a pullback in demand.
In a report on the same day, CGS-CIMB shaved its target price on the counter by half to RM0.50 from RM1, after lowering its earnings per share estimates for FY2023-24 by 60-86.5 per cent to account for lower-than-expected sales volume and weaker average selling prices (ASPs).
Its new target price implies a potential downside of 23.1 per cent from Top Glove&rsquo s last Bursa trading price of RM0.65 as at 3.27 pm on Tuesday. Shares of Top Glove were trading 7.8 per cent or RM0.055 lower at the time. The research team has reiterated its &ldquo reduce&rdquo call on Top Glove as it believes current valuations have yet to account for the company&rsquo s weak near-term earnings prospects.
CGS-CIMB is also projecting a 90 per cent year-on-year dip in core net profit for Top Glove&rsquo s FY2023 results, assuming an ASP of US$19 per 1,000 pieces and a utilisation rate of 50 per cent. It estimates the supply glut in the global glove sector to only ease near the second half of 2023.
Meanwhile, UOB Kay Hian (UOBKH) has cut its target price on Top Glove to RM0.76 from RM0.95, implying a potential upside of 16.9 per cent. This was derived from a price-to-earnings (PE) ratio of 31.4 times for FY2023, or 1.5 standard deviations above Top Glove&rsquo s 5-year PE mean.
The drop in target price also comes as the research team slashes its earnings estimates for FY2023 and FY2024 by 74 per cent and 8 per cent respectively, owing to lower ASP assumptions. That being said, it believes Top Glove should &ldquo well weather the downcycle in the industry&rdquo .
&ldquo Its balance sheet is robust, with a net cash position of RM551 million (S$169.2 million) (0.07 sen per share) and a gearing position of 0.06 time,&rdquo said UOBKH analyst Philip Wong.
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oh dear....
Joelton ( Date: 22-Sep-2022 09:04) Posted:
CGS-CIMB halves Top Glove target price, expects sustained weakness
ANALYSTS have cut their target price on Top Glove Corporation : BVA -6.98% after the Malaysian glove maker on Tuesday (Sep 20) posted its first quarterly loss since listing amid rising cost pressures and a pullback in demand.
In a report on the same day, CGS-CIMB shaved its target price on the counter by half to RM0.50 from RM1, after lowering its earnings per share estimates for FY2023-24 by 60-86.5 per cent to account for lower-than-expected sales volume and weaker average selling prices (ASPs).
Its new target price implies a potential downside of 23.1 per cent from Top Glove&rsquo s last Bursa trading price of RM0.65 as at 3.27 pm on Tuesday. Shares of Top Glove were trading 7.8 per cent or RM0.055 lower at the time. The research team has reiterated its &ldquo reduce&rdquo call on Top Glove as it believes current valuations have yet to account for the company&rsquo s weak near-term earnings prospects.
CGS-CIMB is also projecting a 90 per cent year-on-year dip in core net profit for Top Glove&rsquo s FY2023 results, assuming an ASP of US$19 per 1,000 pieces and a utilisation rate of 50 per cent. It estimates the supply glut in the global glove sector to only ease near the second half of 2023.
Meanwhile, UOB Kay Hian (UOBKH) has cut its target price on Top Glove to RM0.76 from RM0.95, implying a potential upside of 16.9 per cent. This was derived from a price-to-earnings (PE) ratio of 31.4 times for FY2023, or 1.5 standard deviations above Top Glove&rsquo s 5-year PE mean.
The drop in target price also comes as the research team slashes its earnings estimates for FY2023 and FY2024 by 74 per cent and 8 per cent respectively, owing to lower ASP assumptions. That being said, it believes Top Glove should &ldquo well weather the downcycle in the industry&rdquo .
&ldquo Its balance sheet is robust, with a net cash position of RM551 million (S$169.2 million) (0.07 sen per share) and a gearing position of 0.06 time,&rdquo said UOBKH analyst Philip Wong.
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CGS-CIMB halves Top Glove target price, expects sustained weakness
ANALYSTS have cut their target price on Top Glove Corporation : BVA -6.98% after the Malaysian glove maker on Tuesday (Sep 20) posted its first quarterly loss since listing amid rising cost pressures and a pullback in demand.
In a report on the same day, CGS-CIMB shaved its target price on the counter by half to RM0.50 from RM1, after lowering its earnings per share estimates for FY2023-24 by 60-86.5 per cent to account for lower-than-expected sales volume and weaker average selling prices (ASPs).
Its new target price implies a potential downside of 23.1 per cent from Top Glove&rsquo s last Bursa trading price of RM0.65 as at 3.27 pm on Tuesday. Shares of Top Glove were trading 7.8 per cent or RM0.055 lower at the time. The research team has reiterated its &ldquo reduce&rdquo call on Top Glove as it believes current valuations have yet to account for the company&rsquo s weak near-term earnings prospects.
CGS-CIMB is also projecting a 90 per cent year-on-year dip in core net profit for Top Glove&rsquo s FY2023 results, assuming an ASP of US$19 per 1,000 pieces and a utilisation rate of 50 per cent. It estimates the supply glut in the global glove sector to only ease near the second half of 2023.
Meanwhile, UOB Kay Hian (UOBKH) has cut its target price on Top Glove to RM0.76 from RM0.95, implying a potential upside of 16.9 per cent. This was derived from a price-to-earnings (PE) ratio of 31.4 times for FY2023, or 1.5 standard deviations above Top Glove&rsquo s 5-year PE mean.
The drop in target price also comes as the research team slashes its earnings estimates for FY2023 and FY2024 by 74 per cent and 8 per cent respectively, owing to lower ASP assumptions. That being said, it believes Top Glove should &ldquo well weather the downcycle in the industry&rdquo .
&ldquo Its balance sheet is robust, with a net cash position of RM551 million (S$169.2 million) (0.07 sen per share) and a gearing position of 0.06 time,&rdquo said UOBKH analyst Philip Wong.
Agreed and good point there. If that is indeed the case, then it is looking even more bearish for TG...
Observers ( Date: 21-Sep-2022 18:39) Posted:
I think the elephant in the room is if China is going to consider gloves and ppe as strategic goods (or services) and will move to subsidize their own mainland industry, like in semicon, or create multipe barriers to entry like the western social media internet companies. If that happens, then I think can expect China to continue to flood the intl markets with gloves and ppe to sustain this strategic industry with very limited import opportunity for the forseeable future.
n3wbie ( Date: 21-Sep-2022 13:19) Posted:
| The key issue is demand and supply and that equilibrium is no longer in place given the abundance of supply from the Chinese who' d ramped up manufacturing capabilities significantly during the pandemic. Many variables at play, FX and operating costs for sure. Not quite sure what' s the level of customer cohesion TG has with their customers but presumably price competition will be intense. |
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Better run roads
All time low stock price in 5 years and no dividend. The worst nightmare for any investor.
I think the elephant in the room is if China is going to consider gloves and ppe as strategic goods (or services) and will move to subsidize their own mainland industry, like in semicon, or create multipe barriers to entry like the western social media internet companies. If that happens, then I think can expect China to continue to flood the intl markets with gloves and ppe to sustain this strategic industry with very limited import opportunity for the forseeable future.
n3wbie ( Date: 21-Sep-2022 13:19) Posted:
| The key issue is demand and supply and that equilibrium is no longer in place given the abundance of supply from the Chinese who' d ramped up manufacturing capabilities significantly during the pandemic. Many variables at play, FX and operating costs for sure. Not quite sure what' s the level of customer cohesion TG has with their customers but presumably price competition will be intense. |
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last qtr.....but how long can it last?..............
oli007 ( Date: 21-Sep-2022 14:00) Posted:
but TG earned quite alot last 4 Q
Stocky901 ( Date: 21-Sep-2022 13:39) Posted:
| Too huge losses. Expect selling down till 0.15 before rebounding.. Dyodd. 😶 |
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setup like penny stocks pattern liao~
go to .185 then maybe .177~ then rebound back to 0.2 after announcement?
wait see closing got big selldown again annot.
looks vely weak, overproduced, overstaff, but not to 15c lah, can hope but cannot get wan, maybe 19c oso hard to buy. jus opnn.
Stocky901 ( Date: 21-Sep-2022 13:39) Posted:
| Too huge losses. Expect selling down till 0.15 before rebounding.. Dyodd. 😶 |
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but TG earned quite alot last 4 Q
Stocky901 ( Date: 21-Sep-2022 13:39) Posted:
| Too huge losses. Expect selling down till 0.15 before rebounding.. Dyodd. 😶 |
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Too huge losses. Expect selling down till 0.15 before rebounding.. Dyodd. 😶
