yongts
2022-03-08

$TOP GLOVE CORPORATION BHD(BVA.SI)$Do you all know 1) majority who sell are small holders recently.2) very negligible short sellers recently. 3)very small swing amid price drop.4) volume 6m+ (3month) 4.) Company cash flow solid due to making money all the time amid a hugh drop last quarter. 5). Risk: external risk ( political, cure for covid, war, climate changes affect rubber price, labour,oil prices, exchange risk,) most of this also affect their competitors. 6) they also pay consistent good dividend 7) someone is accumulating I believe mainly from small sellers. 

What do you all think the fair value of top glove should be? I personally feel that if it continue going down or stay at a small range too long (more than 6- 8 months) it could turned into value trap stock. Which I think highly unlikely as tp is highly traded all along. Anything reaches the bottom will bounce up unless it go bankrupt.  It is only time. Hope the time is very soon. Good luck everyone. 

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Comments

  • SPOT_ON
    2022-03-09
    SPOT_ON
    halted... yong u chum... dropping and dropping still dont cut
    • SPOT_ONReplyyongts: 
      sigh... 👍 👌
    • yongts: 
      I will keep the shares but will move to some other greener pasture. lucky make some from other shares to offset.
    • yongts: 
      ya. misread the trend. did not expect the 2rd quarter result worse than 1st quarter. admit I was wrong.But it is not a money losing co. so I will still keep the share. let see whether can cover back
  • Cjwee
    2022-03-10
    Cjwee
    No more dividend this qtr... not consistent anymore
    • yongts: 
      sad. our only chance are 1) look out for revive of listing in HK  2) any new development that boost up glove demand3)our wait a few more quarters for TG to build up revenue & profit.
  • SPOT_ON
    2022-03-10
    SPOT_ON
    all stocks cheong up.. top glove cheong down
    • yongtsReplySPOT_ON: 
      yes. I know. Australia and many country are increasing their defence budget . even Singapore.
    • SPOT_ONReplyyongts: 
      no point chasing if they had gone up substantially already....  like top glove once the hype gone... once russia war over.. peace...... defense stocks will plunge back again
    • yongtsReplySPOT_ON: 
      any potential stock that you can share with me? for me I am looking at tiger. gone down to opening level. gone down because of short sellers & people hitting Chinese share. any comment?.
    • yongtsReplySPOT_ON: 
      I also looking at arms and defence related sticks. any ideas?
    • yongts: 
      not going to waste time. already loss 5 digits. not going to put in any more money.although I think it has reached bottom.i will if I do not own any tp shares & not sure what to buy.
  • CcyInvestor
    2022-03-10
    CcyInvestor
    [Call][Call][Call]
  • LukeGott
    2022-03-09
    LukeGott
    oh
  • Ahi
    2022-03-09
    Ahi
    💪🏻
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