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You are not very smart if you buy topglov now. The company doesn’t make money, and is swimming in debt. You all just praying for covid 9 ringgit spike that will never happen. Even US banning China glove imports will not change that, the US can buy gloves from Mexico for cheaper instead. The share value now is overvalued also, maybe investors are optimistic, but lookat the topglov comments all I see is gamblers and one idiot talking about omicron killing 6000 people ?. Where is the optimism even coming from? No good news nothing, and as I said the US banning China glove imports is not good nor bad news for topglov.
tteffub nerraw , seem like you buy big in this counter , but now is 2024 , not year 2000 , you can make it , others can too , you can be cheap , other can be cheaper . And more Malaysia minimum salary ,increased 20-30% , living expenses increased a lot , operational cost increased so much others country workers may a lot cheaper .and top glove big maker , big maker disadvantages is , hard to control cost of operation.
Even let you win , after that you buy again everyday , and keep hoping for chance 0.0001 % everyday , 10 years 20 years wasted , hoping and begging to kena again lottery ? Win and lose all back for ? A success person , know lottery just for entertainment , he or she will built own legacy , not everyday hope , should everyday get it done , dude . You can fish to them lottery company. Why not you be the cat like meaw .
It created over 100 competitors , From stable demand And supply , To become Too over supply , And it going To be 5-8 years time To recover , earn 1-2 years money , take 5-8 years To come back . Earn 1-2 years money , but keep lossing market share , keep lossing compettion pricing , before , we can still supply To China , but now , China supply back , Indonesian rubber And raw material And salary alot lower . Vietnam glove manufacturer going To be more And more soon . Mahsing , hongseng , And Many more , From not related To glove counter , but now is glove manufacturer Too
If top glov really has validated optimism for growth then more investment firms will be investing in it. Now majority of the company share ownership is owned by insiders and public only. Not all the time, but usually if the stock ownership is so filled with public investors then more often than not it’s just full goreng all
You suddenly start giving everybody philosophy lesson here la, but alls I’m saying to your point is the last I check, for the latest topglov sales distribution, 88.3% of topglov sales are within Malaysia.