Top Glove

Re: Top Glove

Postby behappyalways » Tue Jul 10, 2018 5:43 pm

Top Glove plunges 70 cents on alleged $240 mil overstatement of Aspion acquisition
https://www.theedgesingapore.com/top-gl ... cquisition
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 20459
Joined: Wed Oct 15, 2008 4:43 pm

Re: Top Glove

Postby winston » Sun Jul 15, 2018 5:08 am

Not all gloom and doom for Top Glove

Considering the alleged overstatement of assets and valuations, Top Glove may have paid double the value of Aspion, given the purchase price of RM1.37bil.


According to TA Securities Research, under the worst case scenario, Top Glove may have to impair the goodwill of possibly up to RM640.5mil, if the group loses the legal case.

“For best case scenario, where Top Glove wins the legal case, which will result in potentially RM714.9mil or more claims.

TA Securities Research has reiterated its “buy” call on Top Glove.


Source: The Star

https://www.thestar.com.my/business/bus ... C1ZesIp.99
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 101824
Joined: Wed May 07, 2008 9:28 am

Re: Top Glove

Postby winston » Fri Oct 12, 2018 8:49 am

not vested

Top Glove (TOPG MK)
4QFY18: Weaker-than-expected Earnings; Priced To Perfection


Top Glove’s 4QFY18 core earnings decelerated 9% qoq, mainly due to higher raw material, interest and tax costs.

Also, forward orders remained softer than 10 months ago.

We stay bearish on the stock as valuations are rich and risk-reward profile is unfavourable.

Within our coverage, Top Glove is the second priciest proxy to the sector.

Also, it is trading at more than +2SD its five-year forward PE.

Maintain SELL and target price of RM8.20.

Source: UOBKH

https://research.uobkayhian.com/content ... 76f1b75451
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 101824
Joined: Wed May 07, 2008 9:28 am

Re: Top Glove

Postby behappyalways » Thu Dec 13, 2018 5:51 pm

Malaysian authorities to take action against Top Glove over migrants' illegal overtime
https://www.theedgesingapore.com/malays ... l-overtime
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 20459
Joined: Wed Oct 15, 2008 4:43 pm

Re: Top Glove

Postby behappyalways » Wed Dec 19, 2018 7:47 pm

Top Glove reports 4.4% higher 1Q earnings of $36 mil on strong global demand
https://www.theedgesingapore.com/top-gl ... bal-demand
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 20459
Joined: Wed Oct 15, 2008 4:43 pm

Re: Top Glove

Postby winston » Tue Mar 05, 2019 4:40 pm

not vested

RHB Research lowers target price for Top Glove to RM5.80

RHB Research Institute Sdn Bhd has maintained its “Buy” rating on Top Glove Corp Bhd at RM4.60 with a lower target price of RM5.80 (from RM6.75) after Top Glove announced on 4 Mar that it had listed exchangeable bonds (EBs) – principal amount: US$200 million – on Bursa Securities (under the exempt regime) and Singapore Exchange Trading.

RHB Research said its new target price values the stock at FY20F P/E of 23.9x, or 1.1SD above its mean valuation.

“We believe the premium valuation is justified due to the counter’s recent inclusion into FBM KLCI (effective 24 Dec 2018), as well as strong double-digit earnings growth for FY19F-20F.

“Key downside risks: industry overcapacity, currency movements, and volatile raw material prices,” it said.

Source: The Edge

https://www.theedgemarkets.com/article/ ... love-rm580
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 101824
Joined: Wed May 07, 2008 9:28 am

Previous

Return to S to Z

Who is online

Users browsing this forum: No registered users and 1 guest

cron