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Ifasf is in a fast growth sector, at least perceived by investors
Top glove on the other hand is in a fast to die sector, at least perceived by me and analaysts from cimb, Maybank and Kay Hian.
At price 0.40. Fundamental will only change if company makes more money and burn less cash but will it? Also will market give higher PE to a fast-to-die sector when who cares about Ppe now?
My apologies. I may not reply anymore to this thread because I do not want to resurrect this thread when the tempo is certainly not Ppe.
You decide for yourself.
Because it s your money.
I may be wrong
Top glove on the other hand is in a fast to die sector, at least perceived by me and analaysts from cimb, Maybank and Kay Hian.
At price 0.40. Fundamental will only change if company makes more money and burn less cash but will it? Also will market give higher PE to a fast-to-die sector when who cares about Ppe now?
My apologies. I may not reply anymore to this thread because I do not want to resurrect this thread when the tempo is certainly not Ppe.
You decide for yourself.
Because it s your money.
I may be wrong
Ovywind ( Date: 29-Mar-2022 18:02) Posted:
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make sense
what to do now
if price goes to 0.4 will fundamental change of company ?
see ifast does it apply the rule ?
what to do now
if price goes to 0.4 will fundamental change of company ?
see ifast does it apply the rule ?
PHInsider63 ( Date: 29-Mar-2022 13:03) Posted:
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This thread is tenacious. Always pop up.
Allow me to explain the target price valuation method.
The PE TTM is at about 30 times. This sector does not command such insane Pe, that s why it has to correct to less than 10 but it will pivot the price to $0.20 which is tough to swallow.
So, We have to look at the book value to re value it. With book value at RM0.90 or SGD 0.30, that s why houses have it that range
This also explains why DBS threw in towel for Medtec because forwarding speaking, PE model is Irrelevant. This will be book value minus model. TOP Glove dirge sung. The tune is already long in the air but inaudible to some though.
So the price is between SGD 0.30 to 0.40.
Artificially supported and poised to have a big correction.
Allow me to explain the target price valuation method.
The PE TTM is at about 30 times. This sector does not command such insane Pe, that s why it has to correct to less than 10 but it will pivot the price to $0.20 which is tough to swallow.
So, We have to look at the book value to re value it. With book value at RM0.90 or SGD 0.30, that s why houses have it that range
This also explains why DBS threw in towel for Medtec because forwarding speaking, PE model is Irrelevant. This will be book value minus model. TOP Glove dirge sung. The tune is already long in the air but inaudible to some though.
So the price is between SGD 0.30 to 0.40.
Artificially supported and poised to have a big correction.
Currently the status of healthcare glove producers are at where they are as the BB before predicted. Rapid drop of ASP from the peak. Looking forward ahead as countries attitude towards the covid-19, gloves demand anticipate will drop.
If look at just Top Glove, their management doesn't really give shareholders much confidence. Fast burn of cash and get into ban from US during last year speak volume of their decision making.
IMHO, with couple of choices in SGX of same industry, there are better options to put the money.
Anyway I think the price already at their bottom, those want to hold can hope for the best from here.
Only thing to becareful is they annouce any fund raising activities as the cash burn in a abnormal pace.
If look at just Top Glove, their management doesn't really give shareholders much confidence. Fast burn of cash and get into ban from US during last year speak volume of their decision making.
IMHO, with couple of choices in SGX of same industry, there are better options to put the money.
Anyway I think the price already at their bottom, those want to hold can hope for the best from here.
Only thing to becareful is they annouce any fund raising activities as the cash burn in a abnormal pace.
bery true bro
i am wounded badly too
still alive but no chance to excape
as below 👇 🏿 analyst mention
its pathetic strategies from poir managment
they killed many hopes
now dividents are saviour
final hope
otherwise cut the loss and never use gloves 🧤 in
whole life
bastaxxxx managment... morons
i am wounded badly too
still alive but no chance to excape
as below 👇 🏿 analyst mention
its pathetic strategies from poir managment
they killed many hopes
now dividents are saviour
final hope
otherwise cut the loss and never use gloves 🧤 in
whole life
bastaxxxx managment... morons
meljohn ( Date: 29-Mar-2022 11:26) Posted:
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Waste time stock.
Continue drop for the last 1.5 year.
Kill all the small fish in the pond.
Continue drop for the last 1.5 year.
Kill all the small fish in the pond.
Goodmoring and appreciate your heart poured reply
truly i appreciate it
i can agree with you but how to cover my damage
whole year i earn like 20 k but lost 40k in this stock
wasted my time and money
and suffer in tension is additional
So does Glove die or ???
truly i appreciate it
i can agree with you but how to cover my damage
whole year i earn like 20 k but lost 40k in this stock
wasted my time and money
and suffer in tension is additional
So does Glove die or ???
PHInsider63 ( Date: 29-Mar-2022 07:55) Posted:
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I am sorry to read about your plight.
The fact is nobody goes against Top glove. No analysts killed Top Glove. I had stated they are a victim of their own success.
Over expansion, over confidence (when pandemic was at its peak, (someone on top management said not possible/easy to have competitors), used too much company funds to purchase shares), to name a few. In short, Pride always comes before a fall and the giant has fallen. Damage done.
To recap, Cash burns at unbelievable rates, Share price that needs to be immediately corrected to give it a more sober PE amid the endemic mindset and many other factors I stated earlier. These are facts. Do work out your own sums and do own research about their fundamentals now vis-à-vis the other glove companies. Make own judgment call.
I always believe rowers rowing against tide should have their sanity checked. Worse, the tide is very strong and with stronger undercurrent, I stay out of this sorry Giant.
Again, I am not infallible.
Take care.
The fact is nobody goes against Top glove. No analysts killed Top Glove. I had stated they are a victim of their own success.
Over expansion, over confidence (when pandemic was at its peak, (someone on top management said not possible/easy to have competitors), used too much company funds to purchase shares), to name a few. In short, Pride always comes before a fall and the giant has fallen. Damage done.
To recap, Cash burns at unbelievable rates, Share price that needs to be immediately corrected to give it a more sober PE amid the endemic mindset and many other factors I stated earlier. These are facts. Do work out your own sums and do own research about their fundamentals now vis-à-vis the other glove companies. Make own judgment call.
I always believe rowers rowing against tide should have their sanity checked. Worse, the tide is very strong and with stronger undercurrent, I stay out of this sorry Giant.
Again, I am not infallible.
Take care.
Ovywind ( Date: 28-Mar-2022 22:33) Posted:
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when is dividents for too glovd ?
march is ending
no news ???
march is ending
no news ???
Ovywind ( Date: 29-Mar-2022 06:33) Posted:
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these analyst change their target based
on situations
i dont trust them 0.4 is ok price
i can avg more
guys do u kn glove exists before
pandemic also
so do u think they ll die
???????
on situations
i dont trust them 0.4 is ok price
i can avg more
guys do u kn glove exists before
pandemic also
so do u think they ll die
???????
Ovywind ( Date: 28-Mar-2022 22:33) Posted:
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i kn they keep killinng TG
now TG will go against this flow
now TG will go against this flow
PHInsider63 ( Date: 28-Mar-2022 20:18) Posted:
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https://sginvestors.io/sgx/stock/bva-top-glove/target-price
Ovywind ( Date: 28-Mar-2022 19:49) Posted:
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EPF just buy 1 M shares.....fast hand fast leg...
des_khor ( Date: 23-Mar-2022 13:49) Posted:
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rubishhhhh
.6 is kind of consolidation level
this is bottom so what worst can be this
i can see gloves stock moving from hrre
0.8 is tp by may
.6 is kind of consolidation level
this is bottom so what worst can be this
i can see gloves stock moving from hrre
0.8 is tp by may
PHInsider63 ( Date: 28-Mar-2022 10:36) Posted:
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Latest TP:
CIMB $0.42
Maybank $0.30
UOBKH $0.49
DBS Unrated (expected to give up on Ppe like Medtec)
Time to correct to 4 series and below.
CIMB $0.42
Maybank $0.30
UOBKH $0.49
DBS Unrated (expected to give up on Ppe like Medtec)
Time to correct to 4 series and below.
What happened to TG previous Forum? Reply fm ShareJunction or anyone please.
Saw this pop up and got the urge to comment.
US will dangle more carrots to China by lifting tariffs so that China can start to be less pro Russia.
Top glove hitting high utilization in last financial qtr yet it burned cash like nobody business. And Margin was squeezed.
With asp continue under pressure with more suppliers coming onboard (not forgetting Medtec is also into glove making in Cambodia soon), even if top glove hits 100% capacity, it will not even be near one third the glory years or not even pre pandemic when suppliers are rarities.
Worse, material and overheads are expected to increase amid the surging commodity prices.
It will be a case of producing more, lose more zero sum game.
From now till next qtr, it seems some collection is going on, but to me it is a case of distribution before the next crash.
Nobody cares much about covid now. Spanish flu took 2 years plus to abate though the offspring variant is a milder version of H1N1 or so. Covid last erupted in Jan 2020, more than 2 years ago and the offspring seems a milder version of Omicron and BA2.
I may be wrong but stock market is a sentiment field.
PpE is yester year story. We are now talking about commodity.
Next recession is ominous, imminent and unavoidable. In a recession, the bread and butter issue is not Ppe.
My views. Not infallible.
US will dangle more carrots to China by lifting tariffs so that China can start to be less pro Russia.
Top glove hitting high utilization in last financial qtr yet it burned cash like nobody business. And Margin was squeezed.
With asp continue under pressure with more suppliers coming onboard (not forgetting Medtec is also into glove making in Cambodia soon), even if top glove hits 100% capacity, it will not even be near one third the glory years or not even pre pandemic when suppliers are rarities.
Worse, material and overheads are expected to increase amid the surging commodity prices.
It will be a case of producing more, lose more zero sum game.
From now till next qtr, it seems some collection is going on, but to me it is a case of distribution before the next crash.
Nobody cares much about covid now. Spanish flu took 2 years plus to abate though the offspring variant is a milder version of H1N1 or so. Covid last erupted in Jan 2020, more than 2 years ago and the offspring seems a milder version of Omicron and BA2.
I may be wrong but stock market is a sentiment field.
PpE is yester year story. We are now talking about commodity.
Next recession is ominous, imminent and unavoidable. In a recession, the bread and butter issue is not Ppe.
My views. Not infallible.
Top slowly climb up from its low of 0.54, its up 10% only,
this few days stable at 0.585-0.605, it have room to shoot up, dont worry
this few days stable at 0.585-0.605, it have room to shoot up, dont worry
Ovywind ( Date: 25-Mar-2022 18:49) Posted:
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thats only hope i have too
almost stuck my all savings here
TG do someyor give 10% dividey
pls
almost stuck my all savings here
TG do someyor give 10% dividey
pls
siewmai ( Date: 25-Mar-2022 18:22) Posted:
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like what you said hope can really go up to 0.75 at least .
Ovywind ( Date: 24-Mar-2022 22:04) Posted:
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