Top Glove    Last:0.255    -0.005

Top Glove Make or Break

Malaysia side pushed up. 

https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=7113#google_vignette

 

Maybe short squeeze like GameStop & AMC.. 

Since riverstone is able to recoved well.. TG probably could also with glove price recovering.. 

DiamondHand haha.. 

 

what happen ? up so much ?

 

Why top glove share price never go down to $0.17

 

Volume come back 27.5 cents now 

 

53.61% is to when price is way higher. Not that much of percentage yield compare to price last time . And the answer for why no dividend . Becos they make loss for that year.

Tob231      ( Date: 27-Dec-2023 10:58) Posted: don' t understand ... not sure if i got it right .... 2021 the dividends payout was superb Myr $0.498 yield 53.61% but after that no dividends payout from 2022 - 2023 what is the reason ?

 

don' t understand ... not sure if i got it right .... 2021 the dividends payout was superb Myr $0.498 yield 53.61% but after that no dividends payout from 2022 - 2023
what is the reason ?

 

Yesterday result out, today by right it should drop also. Agree with u, it will move up this few day Bought at 23.5 for 35 000 share 26 for 25000 share

Sgvale      ( Date: 21-Dec-2023 15:59) Posted: Profit take ends. Continue up soon.

 

Top Glove has noticed a growth in Asia, Europe and the US for thy past one or two months. So recovery is faster than expected.

 

Profit take ends. Continue up soon.

 

i tink mask yes,  glove, not really as it takes time to commission a glove factory and many have shutvsince....dydd

hschsc      ( Date: 21-Dec-2023 08:52) Posted: Now many country have their own factory to produce gloves.  Top Glove must have new product to enhance their profit. Joelton      ( Date: 21-Dec-2023 08:38) Posted: Top Glove cuts Q1 loss to RM57.7 million, says price war among glovemakers unlikely   GLOVE manufacturer Top Glove : BVA -5.36% on Wednesday (Dec 20) posted a net loss of RM57.7 million (S$16.4 million) for the first fiscal quarter ended November, versus a net loss of RM168.2 million in the corresponding year-earlier period.   The group attributed the narrower losses to a &ldquo strong improvement in performance&rdquo on a year-on-year basis, as well as a higher sales volume which led to increased utilisation and efficiencies. Its ongoing operational, quality and cost optimisation initiatives also helped to mitigate the increase in raw material prices.    Top Glove said that the industry is progressing towards a recovery from a protracted period of demand-supply imbalance.   No dividend was declared for the period under review, unchanged from a year earlier.    Revenue for the quarter under review was down 22 per cent to RM493.5 million from RM632.5 million. On a quarter-on-quarter basis, revenue was up 4 per cent, the company said.    Operating expenses fell 27.9 per cent to RM553 million from RM767.2 million.   In a call on Wednesday to discuss the company&rsquo s latest financial results, Top Glove&rsquo s managing director Lim Cheong Guan said it is &ldquo tough&rdquo to predict when the company will return to profitability.   However, he estimates that the company should be able to either break even or swing back to the black by the end of FY2024. The company is also looking to resume dividend payouts as per its dividend policy when it turns profitable.   &ldquo There is better demand, better utilisation, and... (the company&rsquo s) cost structure is also lighter,&rdquo said Lim.   Top Glove, along with other glove manufacturers, has enjoyed a boost in share price with the resurgence of Covid-19.   In response to queries on whether the company is expecting a resultant spike in demand, Lim said Top Glove has noticed a growth in demand in Asia, Europe and the US.   However, he noted that the rise in demand has mainly been over the past one to two months, and said he would not rush to attribute the increase in orders to the resurgence of Covid cases.   At the height of the pandemic, glovemakers in China &ndash both existing companies and new entrants &ndash gave Malaysian incumbents a run for their money.   These Chinese glovemakers ramped up production capacities and slashed the cost of their gloves, which swayed customers over and crimped the market share of Malaysian glovemakers.   When asked if there was the possibility of another price war taking place between Chinese and Malaysian glovemakers, Lim acknowledged that competition is always present in the glovemaking industry.   &ldquo But going forward, we expect (the competition) to be more rational compared to the earlier stage,&rdquo he said.   Utilisation rates for Chinese players currently stand at over 90 per cent, but Lim noted that their margins are as low as 1 or 2 per cent.   Listed companies, in particular, will not be able to sustain production at such low margins, he said, adding that the recent depreciation of the renminbi could add to the financial pressures of Chinese glovemakers.   Top Glove said it has a positive mid to long-term outlook on the glove industry, as gloves are an essential, single-use item in sectors such as healthcare, industrial and food and beverage. Gloves also have no &ldquo viable replacement&rdquo , the company said.

 

Now many country have their own factory to produce gloves.  Top Glove must have new product to enhance their profit.

Joelton      ( Date: 21-Dec-2023 08:38) Posted: Top Glove cuts Q1 loss to RM57.7 million, says price war among glovemakers unlikely   GLOVE manufacturer Top Glove : BVA -5.36% on Wednesday (Dec 20) posted a net loss of RM57.7 million (S$16.4 million) for the first fiscal quarter ended November, versus a net loss of RM168.2 million in the corresponding year-earlier period.   The group attributed the narrower losses to a &ldquo strong improvement in performance&rdquo on a year-on-year basis, as well as a higher sales volume which led to increased utilisation and efficiencies. Its ongoing operational, quality and cost optimisation initiatives also helped to mitigate the increase in raw material prices.    Top Glove said that the industry is progressing towards a recovery from a protracted period of demand-supply imbalance.   No dividend was declared for the period under review, unchanged from a year earlier.    Revenue for the quarter under review was down 22 per cent to RM493.5 million from RM632.5 million. On a quarter-on-quarter basis, revenue was up 4 per cent, the company said.    Operating expenses fell 27.9 per cent to RM553 million from RM767.2 million.   In a call on Wednesday to discuss the company&rsquo s latest financial results, Top Glove&rsquo s managing director Lim Cheong Guan said it is &ldquo tough&rdquo to predict when the company will return to profitability.   However, he estimates that the company should be able to either break even or swing back to the black by the end of FY2024. The company is also looking to resume dividend payouts as per its dividend policy when it turns profitable.   &ldquo There is better demand, better utilisation, and... (the company&rsquo s) cost structure is also lighter,&rdquo said Lim.   Top Glove, along with other glove manufacturers, has enjoyed a boost in share price with the resurgence of Covid-19.   In response to queries on whether the company is expecting a resultant spike in demand, Lim said Top Glove has noticed a growth in demand in Asia, Europe and the US.   However, he noted that the rise in demand has mainly been over the past one to two months, and said he would not rush to attribute the increase in orders to the resurgence of Covid cases.   At the height of the pandemic, glovemakers in China &ndash both existing companies and new entrants &ndash gave Malaysian incumbents a run for their money.   These Chinese glovemakers ramped up production capacities and slashed the cost of their gloves, which swayed customers over and crimped the market share of Malaysian glovemakers.   When asked if there was the possibility of another price war taking place between Chinese and Malaysian glovemakers, Lim acknowledged that competition is always present in the glovemaking industry.   &ldquo But going forward, we expect (the competition) to be more rational compared to the earlier stage,&rdquo he said.   Utilisation rates for Chinese players currently stand at over 90 per cent, but Lim noted that their margins are as low as 1 or 2 per cent.   Listed companies, in particular, will not be able to sustain production at such low margins, he said, adding that the recent depreciation of the renminbi could add to the financial pressures of Chinese glovemakers.   Top Glove said it has a positive mid to long-term outlook on the glove industry, as gloves are an essential, single-use item in sectors such as healthcare, industrial and food and beverage. Gloves also have no &ldquo viable replacement&rdquo , the company said.

 

 

0.265 was a good pick...P/L narrowed  very impressive .With this covid, sales reflect in dec jan?  looks positive going foward...hope can catch some tmr @ 27..dydd

easywin      ( Date: 20-Dec-2023 14:49) Posted: Good chance to pick up best price

 

Loss narrowed..By 2Q'2024 should turn profitable.

 

Good chance to pick up best price 

 

push up , then push down...it seems shorts win for now...

 

Anyway its improved vs previous qtr....loss is lesser.....
Rm 47 m shld be peanuts for a big company like topglove...
Main thing is how the msia side share price movement after this announcement.. short vs long camp fighting.. lol

 

That is in Ringgit . The profit margins are low. too bed.

Wind22i      ( Date: 20-Dec-2023 13:14) Posted: Net loss decrease to 47mil....

 

Top Glove delivered a commendable performance in 1QFY2024, attaining Sales Revenue of RM493 million, an increase of 4% quarter on quarter, while Loss from Operations continued to narrow by 39% to RM60 million compared with the previous quarter. The Group also saw an improvement in its 1QFY2024 Loss After Tax of RM47 million, representing a 90% reduction from its 4QFY2023 Loss After Tax, which included a one-off impairment of RM392 million. Meanwhile, Top Glove recorded positive EBITDA of RM21 million, an increase of 320% against the previous quarter and total positive cash inflow from operations of RM17 million, which are areas of priority for the Group. 16. 17. Commentary on prospects and targets Looking ahead, the Group maintains a positive mid to long term outlook on the glove industry, as gloves are an essential, single use item in the healthcare, industrial and F&B sectors with no viable replacement. The Group is also optimistic that global glove demand growth of approximately 8% will resume in time to come, along with glove consumption driven by customers? replenishment of depleting glove stockpiles as well as robust industry fundamentals, and further spurred by increased health and hygiene awareness post pandemic.