TOPGLOV 7113 Share Price
RM0.69
klse: Top Glove Corporation Berhad
Stock Information
Board : Main
Shariah : Shariah Compliant
Sector : Gloves
Address: Level 21, Top Glove Tower, 16, Persiaran Setia Dagang, Setia Alam, Seksyen U13, 40170 Shah Alam, Selangor
Contact: +603-33623098
Website: https://www.topglove.com
Stock Background
Top Glove Corporation Berhad manufactures a wide range of latex gloves. The Company’s products include latex examination powdered, latex examination powder- free, nitrile examination gloves,soft nitrile examination gloves, vinyl examination gloves, surgical gloves, and other related products.
Profit Analysis: TOPGLOV 7113
|
Result
Quarter Report History
| Date | Revenue,k | PBT,k | Net Profit,k |
|---|---|---|---|
| 18/06/26 | 1,095,159 | 100,645 | 80,989 |
| 18/03/26 | 1,005,025 | 38,470 | 30,759 |
| 17/12/25 | 883,575 | 45,198 | 38,583 |
| 09/10/25 | 889,621 | 47,831 | 38,564 |
| 26/06/25 | 830,251 | 31,193 | 34,745 |
| 20/03/25 | 883,652 | 55,976 | 30,284 |
| 20/12/24 | 885,891 | 19,422 | 5,474 |
| 10/10/24 | 835,309 | 4,130 | -3,571 |
| 19/06/24 | 636,877 | 58,554 | 50,670 |
| 20/03/24 | 550,334 | -43,062 | -51,197 |
| 20/12/23 | 493,459 | -52,860 | -57,711 |
| 06/10/23 | 475,865 | -461,896 | -463,145 |
Fundamental
Fundamental Analysis
| Last 4 Quarter Revenue (RM’000) | 3,873 |
|---|---|
| Last 4 Quarter Net Profit (RM’000) | 186,165 |
| Last 4 Quarter EPS (sen) | 2.35 |
| Last 4 Quarter PER | 30.46 |
| Last 4 Quarter Dividend (sen) | 48.00 |
| Last 4 Quarter Dividend Yield (%) | 0.70 |
| Net Tangible Assets (RM) | 5900.00 |
| Goodwill (RM) | 855,070 |
| Cash (RM’000) | 770,560 |
| Debt (RM’000) | 862,430 |
| Total Debt (RM’000) | 1,750,000 |
| Net Assets (RM’000) | 4,810,000 |
| Current Ratio | 2.70 |
| Quick Ratio | 2.00 |
| Cash Ratio | 1.04 |
Technical
Technical Analysis
| MACD (26 vs 12) | -4.803 |
|---|---|
| Exponential Moving Average 5 | 0.776 |
| Exponential Moving Average 20 | 0.735 |
| Exponential Moving Average 90 | 0.724 |
| Relative Strength Index 14 | 0.39 |
| Stochastic %D 3 | 0.07 |
| Stochastic %K 14 | 0.06 |
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Stock Profit Analysis
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Salary Proof
BURSA MALAYSIA –
The Group’s Sales Revenue was RM1.45 billion, 9% lower compared to 1QFY2022, whilst Profit After Tax was at RM102 million, lower by 49%, attribute to softer performance came on the back of normalising average selling prices (ASPs) which are moving closer to pre pandemic levels. Raw material prices were generally on a downward trend, decreasing at a slower pace than ASPs, which resulted in margin compression.
BURSA MALAYSIA –
The Group’s Sales Revenue was RM1.58 billion, 24% lower compared to 4QFY2021, whilst Profit after tax was 57% lower at RM202 million. The Group’s weaker quarter-on-quarter performance for 1QFY2022 was mainly attributed to declining ASPs and higher operating costs as a result of lower utilisation rates, while raw material costs reduced at a much slower pace in comparison to glove ASPs, thereby impacting profit.
BURSA MALAYSIA –
Profit After Tax grew to RM7.82 billion, a 337% jump compared with the previous financial year. The Group’s commendable yearly financial performance was attributed to robust glove demand coupled with strong average selling prices (ASPs) which rose some 138% in line with market pricing trends, driven by the ongoing pandemic. Looking ahead, we are confident that demand for gloves will continue on its steady uptrend, increasing between 10% to 15% per annum, driven by elevated levels of awareness and hygiene standards both in the medical and non medical sector
BURSA MALAYSIA –
Profit after tax was 29% lower at RM2.06 billion. The Group’s softer quarter-on-quarter performance for 3QFY2021 came on the back of adjustments in line with glove market pricing trends, to ASPs which had peaked in February 2021. The Sales Volume (Quantity Sold) eased 4% quarter-on-quarter mainly due to reduction in sales to the U.S., following a temporary halt in shipments to the U.S. from Malaysia
BURSA MALAYSIA –
The Group’s Sales Revenue was RM5.37 billion, up by 13%. Meanwhile, Profit after tax amounted to RM2.9 billion, rising by 22% versus 1QFY2021. Sales Volume (Quantity Sold) declined 8% quarter on quarter due to temporary stoppages in production at the Meru, Klang factories in November and December 2020. Raw material prices 2QFY2021 in increasing trend compare 1QFY2021, average natural latex concentrate price increased 16% from RM5.14/kg to RM5.97/kg. Nitrile latex price also increased 63% from USD1.31/kg to USD2.14/kg.
The Star –
Stocks to watch on Monday include Top Glove Corp Bhd, according to JF Apex Research. Top Glove is planning to float new shares in Hong Kong to raise up to RM7.7bil.
The Star –
Top Glove Corp Bhd’s shares rallied over 9% in early trade Friday as retail investors said to draw inspiration from the recent rally at GameStop Corp. The world’s largest glovemaker rose 9.5%, or 59 sen to RM6.80 with over 52 million shares traded.
The Edge –
BlackRock, which holds a 1.61% stake in Top Glove Corp Bhd, voted against the election of six independent directors at the rubber glove maker’s annual general meeting today, as it is of the view the board had failed in its duty to mitigate the issues of migrant workers’ health and safety. The six independent directors are Datuk Lim Han Boon, Datuk Noripah Kamso, Datuk Norma Mansor, Tan Sri Rainer Althoff, Sharmila Sekarajasekaran and Lim Andy.
The Edge –
Top Glove Corp Bhd announced that it has committed to a special dividend of 20% on top of its existing dividend policy of a 50% payout ratio on profit after tax and minority interests (PATAMI) for the second quarter to fourth quarter of the financial year ending Aug 31, 2021 (FY21), it said in a filing with Bursa Malaysia today. The move is in recognition of its good profits and strong cash flow, as well as to reward its shareholders, said the glove maker. It said the total 70% dividend payout ratio on PATAMI will commence from the second quarter ending Feb 28, 2021.
The Edge –
There was heavy selling pressure on rubber glove counters this morning. Top Glove Corp Bhd led the fall. Its share price had tumbled 64 sen or 10.5% to RM5.48, the lowest level since late May last year. It was the most actively traded stock as at the time of writing. Its trading volume ballooned to 120 million in less than 30 minutes after the opening bell.
The Edge –
Between Dec 7 and 11, notable filings of companies listed on Bursa Malaysia included the Employees Provident Fund (EPF) disposed of 11.61 million Top Glove Corp Bhd shares during the week in review, which left the pension fund with 447.19 million shares or a 5.5% stake as at Dec 7. In contrast, the head honcho of Top Glove, Tan Sri Dr Lim Wee Chia, accumulated 4.3 million shares and raised his direct stake to 2.1 billion shares or 26.13% as at Dec 10.
The Edge –
Top Glove Corp Bhd’s executive chairman Tan Sri Dr Lim Wee Chai bought a total of 3.1 million shares in two transactions in his own capacity on the open market yesterday. Besides Lim, two other parties also mopping up shares in the world’s largest rubber glove maker on the open market were Tropicana Corp Bhd and Top Glove itself. In contrast, the Employees Provident Fund (EPF) continued to trim its stake in Top Glove.
The Edge –
Top Glove Corp Bhd’s share price jumped more than 4% in morning trade on Bursa Malaysia today after the glove maker’s executive chairman Tan Sri Dr Lim Wee Chai said yesterday its dividend yield is estimated to be more than 6% for the current financial year ending Aug 31, 2021 (FY21). Yesterday, Lim said Top Glove’s dividend yield is estimated to be more than 6% for FY21 because the company is expected to do well as the Covid-19 pandemic generates demand for rubber gloves.
The Edge –
Top Glove Corp Bhd will temporarily shut down 28 factories in Klang due to a high number of Covid-19 cases among its workers. Senior Minister (Security) Datuk Seri Ismail Sabri Yaakob said the factories would cease operations in stages to allow for factory workers to undergo screening and mandatory quarantine to contain the spread of the virus. The Teratai cluster linked to Top Glove’s workers saw 1,067 new Covid-19 cases today.
The Star –
JF Apex Research expects Top Glove to be among the stocks to watch on Tuesday following their latest corporate news. Top Glove’s worker dormitory will come under the Enhanced Movement Control Order (EMCO) from Tuesday to Nov 30. Approximately 13,190 staff and some 1,200 residents in the area will be impacted by the move.
REMUNERATION STUDY –
In Financial Year End 2020, the directors’ remuneration was 13.29 million. It was fair compared to average in listed companies, considering the employees’ remuneration of 694.5 million and auditor’s remuneration of 499 thousands
The Edge –
Top Glove Corp Bhd today bought back another 8.91 million shares in the company, representing a 0.83% stake, for RM69.9 million. This is the second day running that the glove maker repurchased its own shares, spending close to RM140 million in the buyback exercise over the two days. The 8.91 million shares today were bought at between RM7.71 and RM7.90 per share.
The Edge –
The Employees Provident Fund (EPF) has increased its stake in Top Glove Corp Bhd to 6.05% or 492.52 million shares, after a net acquisition of 12.9 million shares on Nov 4. The price at which these shares changed hands was not disclosed in the filing. Top Glove’s share price closed at RM8.10 on Nov 4, the lowest since Sept 23, when it traded at RM8.02. Based on that price, the block of shares EPF acquired on Nov 4 is estimated at RM10.74 million.
The Star –
News of positive data from the Pfizer-BioNTech Covid-19 vaccine trial sent shares of glove manufacturers plunging in early trade Tuesday. Top Glove shed 52 sen, or 6.13% to RM7.96. The trigger was Pfizer’s announcement on Monday night that its vaccine jointly developed by the company and German partner BioNTech was 90% effective in preventing Covid-19 infections in ongoing Phase 3 trials.
The Star –
The rubber glove counters which have been charging forward, with no sign of the Covid-19 pandemic abating, suddenly found themselves in a bloodbath amid various developments involving the sector. Some positive news on a vaccine, competition rising faster than expected and concerns of a potential windfall tax all attributed to the correction. Top Glove lost 60 sen or 6.33% to RM8.88