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Market Date: 24 Jan 2020

Trade Detail

Trade Value (RM)
4 Weeks Range
4 Weeks Change (%)
Avg Volume (4 Weeks)
1 Year Range
1 Year Change (%)
Avg Volume (1 Year)

Market Capital (RM)
Number of Share
EPS (cent)
P/E Ratio
ROE (%)
Dividend (cent)
Dividend Yield (%)
Dividend Policy (%)
Par Value (RM)

* Calculated based on the net profit of the trailing twelve months and latest number of shares issued.

No. Financial
PBT (RM,000)Net Profit
EPS (Cent)Dividend
17 Dec 201931 Aug 2020130 Nov 20191,209,100125,452111,4264.360.001.010 Malaysia Stock - KLSE Quarter Report History
26 Sep 201931 Aug 2019431 Aug 20191,189,59481,16080,0523.134.000.950 Malaysia Stock - KLSE Quarter Report History
18 Jun 201931 Aug 2019331 May 20191,190,23582,23974,6652.923.500.970 Malaysia Stock - KLSE Quarter Report History
22 Mar 201931 Aug 2019228 Feb 20191,159,965125,470105,7924.140.000.980 Malaysia Stock - KLSE Quarter Report History
17 Dec 201831 Aug 2019130 Nov 20181,261,965141,879110,0554.310.000.970 Malaysia Stock - KLSE Quarter Report History
11 Oct 201831 Aug 2018431 Aug 20181,216,856141,987101,5927.9510.001.890 Malaysia Stock - KLSE Quarter Report History
19 Jun 201831 Aug 2018331 May 20181,100,574134,209117,5719.367.001.780 Malaysia Stock - KLSE Quarter Report History
15 Mar 201831 Aug 2018228 Feb 2018958,440124,524109,0108.680.001.680 Malaysia Stock - KLSE Quarter Report History
19 Dec 201731 Aug 2018130 Nov 2017938,116121,990105,4458.410.001.680 Malaysia Stock - KLSE Quarter Report History
13 Oct 201731 Aug 2017431 Aug 2017902,41599,11798,6227.878.501.610 Malaysia Stock - KLSE Quarter Report History
16 Jun 201731 Aug 2017331 May 2017869,64191,50477,7136.206.001.520 Malaysia Stock - KLSE Quarter Report History
16 Mar 201731 Aug 2017228 Feb 2017851,537102,72883,0546.630.001.510 Malaysia Stock - KLSE Quarter Report History

Entitlement TypeDividend
26 Sep 201931 Aug 201909 Dec 201910 Dec 201923 Dec 2019Final Dividend4.00000.00 Malaysia Stock -  Dividend
18 Jun 201931 Aug 201902 Jul 201903 Jul 201916 Jul 2019First Interim Dividend3.50000.00 Malaysia Stock -  Dividend
12 Nov 201831 Aug 201809 Jan 201911 Jan 201925 Jan 2019Final Dividend5.00000.00 Malaysia Stock -  Dividend
19 Jun 201831 Aug 201802 Jul 201804 Jul 201817 Jul 2018First Interim Dividend7.00000.00 Malaysia Stock -  Dividend
10 Nov 201731 Aug 201710 Jan 201812 Jan 201825 Jan 2018Final Dividend8.50000.00 Malaysia Stock -  Dividend
16 Jun 201731 Aug 201703 Jul 201705 Jul 201717 Jul 2017First Interim Dividend6.00000.00 Malaysia Stock -  Dividend
11 Nov 201631 Aug 201606 Jan 201710 Jan 201723 Jan 2017Final Dividend8.50000.00 Malaysia Stock -  Dividend
15 Jun 201631 Aug 201629 Jun 201601 Jul 201615 Jul 2016First Interim Dividend6.00000.00 Malaysia Stock -  Dividend
13 Nov 201531 Aug 201511 Jan 201613 Jan 201628 Jan 2016Final Dividend12.00000.00 Malaysia Stock -  Dividend
13 Nov 201531 Aug 201511 Jan 201613 Jan 201628 Jan 2016Special Dividend3.00000.00 Malaysia Stock -  Dividend
17 Jun 201531 Aug 201530 Jun 201502 Jul 201515 Jul 2015First Interim Dividend8.00000.00 Malaysia Stock -  Dividend
11 Nov 201431 Aug 201412 Jan 201514 Jan 201529 Jan 2015Final Dividend9.00000.00 Malaysia Stock -  Dividend

TypeRatioRight Issue
11 Oct 201824 Oct 201826 Oct 201826 Oct 2018Bonus Issue1 : 10.000 Malaysia Stock -  Bonus/Rights Issue
11 Jan 201621 Jan 201626 Jan 201626 Jan 2016Bonus Issue1 : 10.000 Malaysia Stock -  Bonus/Rights Issue
24 Jun 201016 Jul 201020 Jul 201020 Jul 2010Bonus Issue1 : 10.000 Malaysia Stock -  Bonus/Rights Issue

Member StarMember Star
Posts: 511
Joined: Dec 2011
Male, MYS
10 Jan 2012, 09:45 PMPost #1
thumbupTop Glove aims to increase revenue to RM5bilthumbup

KUALA LUMPUR: Top Glove Corporation Bhd aims to increase its revenue to RM5 billion in the next five years in sync with its plan to boost efficiency, its chairman Tan Sri Lim Wee Chai said today.

The world's largest rubber gloves manufacturer posted RM2.05 billion revenue for the financial year ended Aug 31, 2011.

"There's always a chance to double revenue or profit. We want to have RM4 billion or even RM5 billion in the next five years," he said.

Lim said the target was achievable in tandem with the company's plan to invest heavily in technology and automation.

"It's important for the company to invest in technology and automation in order to take it to the next level. We will invest more in human capital, technology, automation and research and development.

"This will include recruiting, retraining and retaining of staff," he told a briefing for fund managers and the media.

Top Glove has allocated RM100 million for its capital expenditure (CAPEX) for this year.

Last year, between RM100 million and RM120 million was spent for CAPEX.

Lim said the company expects to achieve 30 per cent earnings growth by December this year with the weaker latex price and stronger US dollar.

"This will be achieved if we are able to sell 45 billion pieces of gloves. Today, we are selling 40 billion pieces of gloves. We are getting closer to the five billion pieces.

"We are in a much better position this year. Last year was competitive with the headwinds and high latex price," he said.

Managing Director Lee Kim Meow said Top Glove planned to buy 10,000 hectares of plantation land in Cambodia.

He said the company was looking at several pieces of plantation land in the north-east and south-east of Cambodia, bordering Vietnam.

Lee said Top Glove would go into this venture on its own as it had some experience in the rubber business.

"This plan is expected to materialise this year. The timing is right due to the weaker latex price. It's good to be in a country where there's labour," he said.

The company has estimated RM160 million for development cost, which includes land purchase, for seven years. With the purchase, Top Glove will be involved in downstream, mid-stream and upstream business.

Lee said the company would continue acquiring plantation land in Cambodia, Indonesia, Sabah and Sarawak.

Lee said the company would look for land at good prices in these four places.

"We are in the midst of applying through the governments and agencies. We hope to firm up on these in the next three to six months," he added. - BERNAMA

Member Star
Posts: 70
Joined: Dec 2011
Female, MYS
06 Feb 2012, 09:35 AMPost #2
Vietnam still prone to outbreaks of fatal bird flu

Vietnam continues to be susceptible to outbreaks of bird flu and the A/H5N1 virus remains deadly to those who contract it, an official said in Tien Phong (Vanguard) newspaper Friday.

Nguyen Tran Hien, chief of the National Institute of Hygiene and Epidemiology, made the statement after Vietnam reported its first two bird flu fatalities this year.

The deaths came after nearly 20 months of no reported cases of humans with the A/H5N1 virus.

According to Hien, although the latest two victims were in the prime of life– an 18-year-old man in the Mekong Delta province of Kien Giang and a 26-year-old woman in Soc Trang Province, also in the Mekong Delta-- that does not mean that the virus has become stronger.

He said that because the virus is specific to poultry, it is impossible to say whether a particular group of people may be immune to it. An individual's chance of contracting bird flu depends on the person's level of exposure to the virus and genetic predispositions, he added.

In fact, while many people have been exposed to the virus, only a few have become ill, the official was quoted as saying.

However, mortality rates for the virus are quite high, possibly 100 percent, so people must be extremely cautious, he stressed.

When asked why there have been no human reports of human cases in northern Vietnam since May, 2010, while the southern provinces recorded a few cases, Hien said it was because southern provinces host more poultry. Moreover, the practice of letting ducks roam freely in the fields has increased the risk of humans contracting the virus.

Hien was also quoted as saying that the scientists from his agency are still assessing the effectiveness and safety of A/H5N1 vaccines. Vaccines are expected to be used extensively in the near future.

According to a World Bank report in October last year, Vietnam was among the countries most affected by A/H5N1, with 119 human cases confirmed as of March 2011, of which 59 were fatal.

Since 2003, bird flu outbreaks have killed and led to the forced culling of tens of millions of fowl in Vietnam.

The World Health Organization has ranked Vietnam the country second most affected by bird flu after Indonesia.
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Posts: 10
Joined: Apr 2012
Male, MYS
07 Apr 2012, 10:46 AMPost #3
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Posts: 12
Joined: Feb 2012
Male, MYS
17 Oct 2012, 01:29 PMPost #4
Go Top Glove!!! Hit RM 6 soonyeah
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Posts: 21
Joined: Jul 2012
Male, MYS
14 Dec 2012, 11:09 PMPost #5
both profit and sales up, why share drop 13cts?starany body help?
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Posts: 109
Joined: Feb 2013
Male, MYS
18 Apr 2013, 06:24 PMPost #6
anyone speculating this counter on the bird flu ?
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Posts: 109
Joined: Feb 2013
Male, MYS
08 May 2013, 11:16 PMPost #7
just watch out closely....H7N9 at China, now SARS alike virus at France

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Posts: 1
Joined: Aug 2013
Male, MYS
23 Aug 2013, 01:55 PMPost #8
Q3 vs last year maintain revenue but profit less, can someone share what is the reason?shy
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Posts: 63
Joined: Sep 2015
Male, MYS
16 Oct 2015, 01:40 PMPost #9
O'Mighty's comment on TOPGLOV

See it here!!!
Michael Teo
Member Star
Posts: 24
Joined: Dec 2018
Male, MYS
22 Feb 2019, 10:54 AMPost #10

We raise our FY19–21F forecasts by 3.3%, 3.0% and 2.7% respectively to reflect interest savings from the issuance of US$200mil exchangeable bonds. However, we tweak our FV lower to RM6.34 (from RM6.35) after factoring in a fully-diluted share base of 2,689.4mil (+5.1% vs. the current outstanding shares). Our FV is based on DCF (WACC 6.4%; terminal growth 2.5%). At RM6.34, the implied CY19F P/E is 17.4x. Top Glove has issued US$200mil guaranteed exchangeable bonds with the following key terms: 1. 2% p.a. coupon rate and fixed exchange rate of RM4.0703 per USD; 2. An exercise price of RM6.2040, which is at a 20% premium to the reference price of RM5.17 as at 20 February 2019; and 3. A tenure of five years (maturity date: 1 March 2024)

Michael Teo
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Posts: 24
Joined: Dec 2018
Male, MYS
22 Feb 2019, 10:55 AMPost #11

The proceeds will be utilised to pare down part of its USD syndicated term loan and other higher interest loans. We anticipate a RM15.4mil savings. Assuming a full conversion of the exchangeable bonds, the additional 131.2mil new shares (equivalent to 5.1% of current outstanding shares) would dilute FY20F EPS by 2.6%, which is insignificant.

Michael Teo
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Posts: 24
Joined: Dec 2018
Male, MYS
22 Feb 2019, 10:55 AMPost #12

We are neutral on Top Glove’s latest corporate exercise. While the exercise will result in interest savings, it is offset by a mild EPS dilution assuming the exchangeable bond would eventually be converted into new shares. We continue to like Top Glove for: (1) its strong growth prospects driven by both organic growth and M&As; (2) its continued efforts in improving quality ad operational efficiency; and (3) its dominant market position as the largest rubber glove manufacturer in the world.

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Posts: 59
Joined: Jan 2017
Male, MYS
03 Mar 2019, 07:22 PMPost #13

TOPGLOV (7113)

March 3, 2019 | HONG WEI GIET

Technical Analysis


- TOPGLOVE completed double top reversal which reflected a strong selling pressure on shares price on Jan 1, 2019.

- It tried to bounce back and challenged resistance @ RM5.020 but shares price unable to sustain above RM5.020 for 4 trading days. Thus, it is considered as a fake break out.

- EMA 20, 60, 120 shows downward trend which

More: https://www.fundamental-technical-analysis.com/malaysia/author/HONG-WEI-GIET

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Joined: Mar 2019
Male, MYS
24 Apr 2019, 08:26 PMPost #14

Day 52 of Fundamental Daily, YAPSS will be covering Top Glove Corporation Berhad's fundamental via a short animated video. I hope it helps and please enjoy the video, see ya! #YAPSS #FundamentalDaily #TopGloveCorporationBerhad

Click the on the link to find out more: https://youtu.be/LXqvWxvJl2k

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Joined: Jan 2017
Male, MYS
18 Aug 2019, 10:51 PMPost #15

TOPGLOV (7113) - Technical And Fundamental Analysis_V2

August 18, 2019 | HONG WEI GIET

Technical Analysis


- After TOPGLOV completed the Elliott Triangle Wave, it rebounded and hit RM5.095 on May 24, 2019.

- However, it fails to sustain the buying momentum to push higher shares price.

- From the middle-term view, we noticed TOPGLOV still trade in bearish momentum.

- Moving average (All Level), RSI and MACD are in bearish/oversold.

- However, we hold a new view of the situation. Let us continue further!

- We noticed there is RSI golden cross appears in weekly/monthly charting bars.

- It indicated a strong turning point for TOPGLOV and it might lead to bullish momentum in the middle term. Stay tuned!

Fundamental Analysis


a) Overview

- Based on the overview table, we able to conclude TOPGLOV have a better financial in the pa

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Joined: Aug 2017
Male, MYS
04 Dec 2019, 02:34 PMPost #16

Read about our Top Glove Corporation Bhd analysis here:


yeah doh drool lol mad notworthy question rant rolleyes sad shutup shy smile star sweat thumbup wub cry