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TOPGLOV (7113) : TOP GLOVE CORPORATION BHD
ILoveDividend
Member StarMember Star
Posts: 521
Joined: Dec 2011		 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

http://biz.thestar.com.my/news/story.asp?file=/2012/1/10/business/20120110152754&sec=business#13262023257791&if_height=830
Jacky
Member Star
Posts: 70
Joined: Dec 2011		 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.
whe9666
Member Star
Posts: 10
Joined: Apr 2012		 07 Apr 2012, 10:46 AMPost #3
wubthumbup
BTKSM
Member Star
Posts: 12
Joined: Feb 2012		 17 Oct 2012, 01:29 PMPost #4
Go Top Glove!!! Hit RM 6 soonyeah
Jimstock
Member Star
Posts: 21
Joined: Jul 2012		 14 Dec 2012, 11:09 PMPost #5
both profit and sales up, why share drop 13cts?starany body help?
garlic
Member Star
Posts: 109
Joined: Feb 2013		 18 Apr 2013, 06:24 PMPost #6
anyone speculating this counter on the bird flu ?
garlic
Member Star
Posts: 109
Joined: Feb 2013		 08 May 2013, 11:16 PMPost #7
just watch out closely....H7N9 at China, now SARS alike virus at France

http://www.ctvnews.ca/health/france-confirms-first-case-of-new-sars-related-coronavirus-1.1272087
RyanL
Member Star
Posts: 1
Joined: Aug 2013		 23 Aug 2013, 01:55 PMPost #8
Q3 vs last year maintain revenue but profit less, can someone share what is the reason?shy
omightycap
Member Star
Posts: 63
Joined: Sep 2015		 16 Oct 2015, 01:40 PMPost #9
O'Mighty's comment on TOPGLOV

See it here!!!
https://www.facebook.com/omightycap/photos/a.516884705141868.1073741828.516880861808919/537641326399539/?type=3
Michael Teo
Member Star
Posts: 24
Joined: Dec 2018		 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
Member Star
Posts: 24
Joined: Dec 2018		 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
Member Star
Posts: 24
Joined: Dec 2018		 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.
scotthong
Member Star
Posts: 67
Joined: Jan 2017		 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
YAPSS
Member Star
Posts: 202
Joined: Mar 2019		 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
scotthong
Member Star
Posts: 67
Joined: Jan 2017		 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
jpthedarkknight
Member Star
Posts: 8
Joined: Aug 2017		 04 Dec 2019, 02:34 PMPost #16

Read about our Top Glove Corporation Bhd analysis here:

https://www.mykayaplus.com/top-glove-corporation-bhd/
lipkarlock
Member Star
Posts: 57
Joined: Nov 2019		 27 Jan 2020, 05:24 PMPost #17

Top Glove affected by Coronavirus.

Read the chart review here: https://malaysiainvestment88.blogspot.com/2020/01/top-glove-jumps-because-of-coronavirus.html
scotthong
Member Star
Posts: 67
Joined: Jan 2017		 16 Feb 2020, 05:03 PMPost #18

TOPGLOV (7113) - ROE季度变动的技术分析

ROE季度变动的技术分析

==================

- 由于冠状病毒的爆发，TOPGLOV的股价像火箭一样飙升，没有任何阻力。毫无疑问，这是一次投机行为，而股价走势完全不反映公司的基本面。 - 不要把自己的运气当作一种技巧。除非您打算在此回合后离开股票市场。 - 总体而言，我们注意到TOPGLOV的股价很难维持在6.00令吉以上，即使ROE Q2'18达到20.68％或最近有病毒爆发的消息。因此，我们可以得出结论，RM6.00 ++无疑是强大的抵抗力。 - 通过双底反转测量，TOPGLOV的股价在2020年1月28日达到了所有满意水平。

More:- https://www.fundamental-technical-analysis.com/
scotthong
Member Star
Posts: 67
Joined: Jan 2017		 16 Feb 2020, 05:04 PMPost #19

TOPGLOV (7113) - Technical Analysis with ROE Quarterly movement

Technical Analysis with ROE Quarterly movement

===========================

- Due to Coronavirus breakout, TOPGLOV shares price has been shot-up like a rocket without any resistance. No doubt, this a speculation actions and shares price movement don't reflect company fundamental at all.

- Don't treat your lucks as a skills. Unless, you plans to leave the shares market after this round.

- Overall, we notices that TOPGLOV shares price is hard to sustain above RM6.00 even ROE Q2'18 at 20.68% or virus breakout news lately. Thus, we able conclude RM6.00++ is definely a strong resistance.

- With double bottom reversal measurement, TOPGLOV shares price hit all level of satisfaction point on Jan 28, 2020.

- Vertical volume (From Nov 29'18 to Feb 14'19) 

more:- https://www.fundamental-technical-analysis.com/
lipkarlock
Member Star
Posts: 57
Joined: Nov 2019		 22 Mar 2020, 12:29 AMPost #20

[Latest March 2020 Dividend Yields Stock]
https://malaysiainvestment88.blogspot.com/2020/03/latest-klse-stock-best-dividend-updated.html

Check out the updated dividend yield due to Covid-19 and how to select the best dividend stocks.
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yeah doh drool lol mad notworthy question rant rolleyes sad shutup shy smile star sweat thumbup wub cry

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