Actually not difficult to achieve this amount of profits. Get sales team to capture bigger market shares especially from US, as now US is going to increase the tariffs to 50% for year 2025 and 100% for year 2026 for Chinese made gloves !!! Dont wait for the customers to come look for you, go and look for them instead !!! Head hunt those top sales people from the other side !!! Improve productivity !!! Minimize any rejects and improve yields !!! Reduce machine downtimes and increase machine uptimes !!! Lots of improvement can be made to increase profits !!!
Francisgohyc ( Date: 08-Oct-2024 16:09) Posted:
Hope this Q start to make small profit of 5-15 Million and not wait until next year. Utilization rate 75% should make profit
Francisgohyc ( Date: 03-Oct-2024 17:18) Posted:
Thank for the input, I follow this counter closely. I in and out a few time, maybe win 12k but still loss 30k since I bought it over a dollar
This round I am going to keep until next year, last Q Over 50 million profit because it sold away the land
That is not true profit |
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Hope this Q start to make small profit of 5-15 Million and not wait until next year. Utilization rate 75% should make profit
Francisgohyc ( Date: 03-Oct-2024 17:18) Posted:
Thank for the input, I follow this counter closely. I in and out a few time, maybe win 12k but still loss 30k since I bought it over a dollar
This round I am going to keep until next year, last Q Over 50 million profit because it sold away the land
That is not true profit
Eagle88 ( Date: 03-Oct-2024 15:24) Posted:
| Next 2 years will be much better as US imposed higher tariffs of 50% for 2025 and 100% for 2026 on Chinese gloves !!! |
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May have pleasant surprises for the results !!!
Eagle88 ( Date: 08-Oct-2024 15:39) Posted:
As long as USD maintained at high exchange rate to Ringgit, it will be very good for TG. If not, TG to raise the ASP price due to stronger Ringgit, but the US yields going back to above 4%, so USD may not fall as fast as it should be as Fed may not cut interest as fast and as much as it wanted or needs to.
Francisgohyc ( Date: 08-Oct-2024 08:34) Posted:
| Sold in US dollar convert to Ringgit is currency loss. TG is going to raise the price of AS |
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As long as USD maintained at high exchange rate to Ringgit, it will be very good for TG. If not, TG to raise the ASP price due to stronger Ringgit, but the US yields going back to above 4%, so USD may not fall as fast as it should be as Fed may not cut interest as fast and as much as it wanted or needs to.
Francisgohyc ( Date: 08-Oct-2024 08:34) Posted:
Sold in US dollar convert to Ringgit is currency loss. TG is going to raise the price of ASP
Eagle88 ( Date: 07-Oct-2024 16:57) Posted:
| Sold in USD, but payment in Ringgit for everything !!! Very GOOD !! |
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Hope more long term funds like EPF may come in or already came in. KWAP is increasing its holding almost on daily basis !!!
biper66 ( Date: 08-Oct-2024 15:09) Posted:
may clear 32 soon
Eagle88 ( Date: 08-Oct-2024 10:18) Posted:
| TG is at turning point. Very good sign |
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Not a lot. Tam po kia nia.
Francisgohyc ( Date: 08-Oct-2024 13:30) Posted:
Bro how many share did you invest. I have 125k share
Eagle88 ( Date: 08-Oct-2024 10:18) Posted:
| TG is at turning point. Very good sign |
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Bro how many share did you invest. I have 125k share
Eagle88 ( Date: 08-Oct-2024 10:18) Posted:
TG is at turning point. Very good sign.
Eagle88 ( Date: 08-Oct-2024 09:26) Posted:
Top Glove' s core net loss likely smaller in 4Q on higher sales
KUALA LUMPUR (Oct 7): Top Glove Corporation Bhd (KL: TOPGLOV), the world&rsquo s largest glovemaker by volume, will likely report a smaller net loss in its final quarter thanks to higher sales, said RHB Investment Bank.
Core loss will likely come in between RM2 million and RM5 million for the quarter ended Aug 2024 (4QFY2024) versus RM53.5 million in the 3QFY2024 as sales grew 20%, RHB said in an earnings preview. That would bring FY2024&rsquo s net loss to RM175 million, sharply below FY2023&rsquo s RM517 million.
Weaker US dollar may have also weighed on 4QFY2024 results, RHB flagged. While the softer greenback may erode near-term margin, &ldquo we believe the impact could be mitigated&rdquo with higher average selling prices, which &ldquo should sustain our base case long-term margin outlook,&rdquo it said.
Top Glove Corp is scheduled to report its results on Oct 10.
Shares of Top Glove retreated from this year&rsquo s high in May but remained 14% higher than at the end of 2023, thanks to planned US tariffs on Chinese competitors&rsquo products and earlier news about the mpox emergency.
The US dollar meanwhile has declined nearly 11% to a three-year low against the ringgit before rebounding sharply last week. Year to date, the ringgit is still up nearly 5% against the greenback.
&ldquo Industry operating dynamics remain in favour of local gloves manufacturers as customers are more receptive to the price hike,&rdquo RHB said. The industry&rsquo s blended average selling price may improve further by December, the house said, citing discussion to raise prices on weakening US dollar.
For FY2025, core loss is expected to narrow further to just RM5 million before turning in a profit of RM52 million in FY2026, according to RHB&rsquo s forecasts.
RHB is among the eight out of 21 research houses with &lsquo buy&rsquo calls on the stock while another eight has the stock on &lsquo sell&rsquo and remaining five are on &lsquo hold&rsquo rating. The consensus 12-month target price is RM1.12, according to Bloomberg, indicating potential return of 8.7%.
&ldquo Our buy call is premised on improving investor sentiment due to favourable operating dynamics,&rdquo Top Glove said. Top Glove, being a high-beta stock, is &ldquo poised for a meaningful share price recovery,&rdquo the house added.
https://theedgemalaysia.com/node/729226
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TG is at turning point. Very good sign.
Eagle88 ( Date: 08-Oct-2024 09:26) Posted:
Top Glove' s core net loss likely smaller in 4Q on higher sales
KUALA LUMPUR (Oct 7): Top Glove Corporation Bhd (KL: TOPGLOV), the world&rsquo s largest glovemaker by volume, will likely report a smaller net loss in its final quarter thanks to higher sales, said RHB Investment Bank.
Core loss will likely come in between RM2 million and RM5 million for the quarter ended Aug 2024 (4QFY2024) versus RM53.5 million in the 3QFY2024 as sales grew 20%, RHB said in an earnings preview. That would bring FY2024&rsquo s net loss to RM175 million, sharply below FY2023&rsquo s RM517 million.
Weaker US dollar may have also weighed on 4QFY2024 results, RHB flagged. While the softer greenback may erode near-term margin, &ldquo we believe the impact could be mitigated&rdquo with higher average selling prices, which &ldquo should sustain our base case long-term margin outlook,&rdquo it said.
Top Glove Corp is scheduled to report its results on Oct 10.
Shares of Top Glove retreated from this year&rsquo s high in May but remained 14% higher than at the end of 2023, thanks to planned US tariffs on Chinese competitors&rsquo products and earlier news about the mpox emergency.
The US dollar meanwhile has declined nearly 11% to a three-year low against the ringgit before rebounding sharply last week. Year to date, the ringgit is still up nearly 5% against the greenback.
&ldquo Industry operating dynamics remain in favour of local gloves manufacturers as customers are more receptive to the price hike,&rdquo RHB said. The industry&rsquo s blended average selling price may improve further by December, the house said, citing discussion to raise prices on weakening US dollar.
For FY2025, core loss is expected to narrow further to just RM5 million before turning in a profit of RM52 million in FY2026, according to RHB&rsquo s forecasts.
RHB is among the eight out of 21 research houses with &lsquo buy&rsquo calls on the stock while another eight has the stock on &lsquo sell&rsquo and remaining five are on &lsquo hold&rsquo rating. The consensus 12-month target price is RM1.12, according to Bloomberg, indicating potential return of 8.7%.
&ldquo Our buy call is premised on improving investor sentiment due to favourable operating dynamics,&rdquo Top Glove said. Top Glove, being a high-beta stock, is &ldquo poised for a meaningful share price recovery,&rdquo the house added.
https://theedgemalaysia.com/node/729226
|
|
Top Glove' s core net loss likely smaller in 4Q on higher sales
KUALA LUMPUR (Oct 7): Top Glove Corporation Bhd (KL:
TOPGLOV), the world&rsquo s largest glovemaker by volume, will likely report a smaller net loss in its final quarter thanks to higher sales, said RHB Investment Bank.
Core loss will likely come in between RM2 million and RM5 million for the quarter ended Aug 2024 (4QFY2024) versus RM53.5 million in the 3QFY2024 as sales grew 20%, RHB said in an earnings preview. That would bring FY2024&rsquo s net loss to RM175 million, sharply below FY2023&rsquo s RM517 million.
Weaker US dollar may have also weighed on 4QFY2024 results, RHB flagged. While the softer greenback may erode near-term margin, &ldquo we believe the impact could be mitigated&rdquo with higher average selling prices, which &ldquo should sustain our base case long-term margin outlook,&rdquo it said.
Top Glove Corp is scheduled to report its results on Oct 10.
Shares of Top Glove retreated from this year&rsquo s high in May but remained 14% higher than at the end of 2023, thanks to planned US tariffs on Chinese competitors&rsquo products and earlier news about the mpox emergency.
The US dollar meanwhile has declined nearly 11% to a three-year low against the ringgit before rebounding sharply last week. Year to date, the ringgit is still up nearly 5% against the greenback.
&ldquo Industry operating dynamics remain in favour of local gloves manufacturers as customers are more receptive to the price hike,&rdquo RHB said. The industry&rsquo s blended average selling price may improve further by December, the house said, citing discussion to raise prices on weakening US dollar.
For FY2025, core loss is expected to narrow further to just RM5 million before turning in a profit of RM52 million in FY2026, according to RHB&rsquo s forecasts.
RHB is among the eight out of 21 research houses with &lsquo buy&rsquo calls on the stock while another eight has the stock on &lsquo sell&rsquo and remaining five are on &lsquo hold&rsquo rating. The consensus 12-month target price is RM1.12, according to Bloomberg, indicating potential return of 8.7%.
&ldquo Our buy call is premised on improving investor sentiment due to favourable operating dynamics,&rdquo Top Glove said. Top Glove, being a high-beta stock, is &ldquo poised for a meaningful share price recovery,&rdquo the house added.
https://theedgemalaysia.com/node/729226
Sold in US dollar convert to Ringgit is currency loss. TG is going to raise the price of ASP
Eagle88 ( Date: 07-Oct-2024 16:57) Posted:
Sold in USD, but payment in Ringgit for everything !!! Very GOOD !!!
Eagle88 ( Date: 07-Oct-2024 16:54) Posted:
| TG is still making exchange rate gain when higher US vs Ringgit during the last Q. So, will make higher profits due to the favourable exchange rate. |
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Sold in USD, but payment in Ringgit for everything !!! Very GOOD !!!
Eagle88 ( Date: 07-Oct-2024 16:54) Posted:
| TG is still making exchange rate gain when higher US vs Ringgit during the last Q. So, will make higher profits due to the favourable exchange rate. |
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TG is still making exchange rate gain when higher US vs Ringgit during the last Q. So, will make higher profits due to the favourable exchange rate.
If EPF starts to buy more, the SP will fly up to the SKY !!! LOL
Eagle88 ( Date: 07-Oct-2024 16:45) Posted:
| TG starts to CHEONG UP !!! |
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TG already had a condo mfg barnd calle Top Feel. So just to increase the market shares !!!
Eagle88 ( Date: 07-Oct-2024 14:31) Posted:
By forming a new subsidiary called Top Condom !!! LOL
Eagle88 ( Date: 07-Oct-2024 14:27) Posted:
| TG should look into producing other value added products e.g. condoms which have much higher value and the market is really GREAT all the times in the world !!! LOL |
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By forming a new subsidiary called Top Condom !!! LOL
Eagle88 ( Date: 07-Oct-2024 14:27) Posted:
| TG should look into producing other value added products e.g. condoms which have much higher value and the market is really GREAT all the times in the world !!! LOL |
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TG should look into producing other value added products e.g. condoms which have much higher value and the market is really GREAT all the times in the world !!! LOL
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