Is Topglov Overvalued?

Is Top Glove undervalue?

At its current price of $4.88 per share and the market cap of $9.8 billion, Top Glove Bhd stock is believed to be significantly undervalued.

Is Top Glove a good buy?

Top Glove’s share price has plummeted 80% from its peak of RM8. 48 in October 2020. It is now a mere four times its trailing 12-month (TTM) earnings. Yet, analysts are telling clients to continue selling the shares of the world’s largest rubber glove maker.

What is the fair value for Top Glove?

Analysis. Top Glove’s fair value is RM1. 67.

How do you invest in top gloves?

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account
  3. Confirm your payment details
  4. Research the stock
  5. Purchase now or later
  6. Check in on your investment.

Who are the shareholders of Top Glove?

  • LIM WEE CHAI (26.8%)
  • Firstway United Corp. ( 6.7%)
  • employees provident fund (4.7%)
  • Bank of Singapore Ltd. ( 3.5%)
  • Top Glove Corp. Bhd. ( 2.4%)
  • Kumpulan Wang Persaraan (2.2%)
  • The Vanguard Group, Inc. ( 2.0%)
  • UBS AG (Private Banking Singapore) (2.0%)

What is wrong with Top Glove?

The CBP had prohibited imports of Top Glove products, citing evidence of forced labour practices at the company, including debt bondage, excessive overtime, abusive working and living conditions, and retention of identity documents.

Is Top Glove the largest glove manufacturer?

Top Glove is currently the world’s largest manufacturer of gloves with an established corporate culture and good business direction of producing consistently high quality, cost efficient gloves. Top Glove has over 2,000 customers worldwide and exports to more than 195 countries.

Is Wilmar a good stock?

Wilmar announced its first-quarter earnings last Friday, which saw its net profit climb 17.8 per cent to US$530.3 million (S$728.9 million) on the back of firm palm oil prices. ANALYSTS have maintained their “buy” rating on as they view its valuation as attractive.

How can I buy shares in Malaysia?

  1. Choose an online stock broker.
  2. Sign up for a CDS and a trading account.
  3. Choose the stocks you want to buy.
  4. Place your order.
  5. Pay for the transaction.
  6. Monitor the performance of your stocks.
  7. Sell your stocks (if you want to)

Will glove price go up?

Meanwhile, the price of natural rubber latex is expected to rise to US$1.59 a kg in May , compared with US$1.18 last August, according to Top Glove. The company noted that raw materials accounted for the largest portion of 44% of its cost structure in the second quarter ended Feb 28, 2022 (2QFY22).

Is Top Glove listed in USA?

Listed on the Main Board of the Bursa Malaysia. Listed on the Singapore Exchange SGX on 28 June 2016. Top Glove’s American Depositary Receipt (ADR) are available in OTC exchange in the United States of America.

Is Top Glove a multinational company?

As a multinational corporation , apart from serving the local needs, the firm can also enjoy the sales from the overseas business. For example, Top Glove has more than 900 customers and its products are exported to more than 180 countries.

Is bursa blue chip?

In simple terms, blue chip stocks are the strongest, and largest stocks on Bursa Malaysia or their respective national markets.

How many factories does Top Glove have?

Founded in 1991, Top Glove has grown from a modest business with a single factory, to emerge as the world’s largest rubber glove manufacturer, covering 25% of the global market share. Today, the company boasts 27 factories , 464 production lines and a capacity of 42 billion gloves per annum.

What is Top Glove business strategy?

Top Glove’s management’s focus is to use technology to further automate its production lines, reduce the number of workers, and improve the efficiency of its line and quality of its products.

Why do you choose Top Glove?

In Top Glove, we are embarking into a world of possibilities with a clear purpose to inspire all our people to be their best, physically, mentally and socially Our people not only manage departments and run factory floors, they are role exemplars for the industry.

Why does the US ban top gloves?

According to previous news reports, the US CBP banned the import of gloves from several Malaysian-based companies over allegations of forced labour since the end of 2019, including, among others, wrp asia pacific sdn bhd (from Oct 1, 2019 till March 23, 2020), Top Glove (from July 2020 till September 2021), Supermax.

When did US ban Top Glove?

The US Customs and Border Protection (CBP) had banned gloves made by Top Glove in July 2020 , saying it had found abuses of migrant workers. In its latest statement, Top Glove said its disposable gloves would be admissible at all US ports as of September 10.

Who is the largest manufacturer of nitrile gloves?

Hartalega Holdings is the world’s largest producer of nitrile and latex gloves, with production capacity to produce 35 billion gloves annually.

Are nitrile gloves made in USA?

SHOWA’S ECO BEST TECHNOLOGY (EBT) is the only Biodegradable Single-Use Nitrile Made In America SHOWA is currently the only U.S. manufacturer and distributor of Nitrile, single-use PPE gloves and operating in Fayette, AL since 1991.

Who is Top Glove supplier in Malaysia?

  • Hartalega Holdings Bhd
  • Kossan Rubber Industries Bhd
  • Supermax Corp Bhd
  • Comfort Gloves Bhd
  • Careplus Group Bhd
  • Rubberex Corp Bhd
  • Koon Seng Sdn Bhd
  • Tan Sin Lian Industries Sdn Bhd.

Is Sembcorp Industries a good stock?

The Sembcorp Industries stock has a majority rating of ‘buy’ from nine out of 10 analysts polled by Bloomberg, as of 21 September 2020 The analysts have also given the shares an average 12-month target price of S$1.72, which represents an estimated return potential of 27.4% from the last traded price of S$1.35.

Is OCBC a buy?

OCBC has the highest dividend yield among the three banks, at 4.5% However, investors should note that DBS’ fy2021 dividend includes its first-quarter dividend of S$0.18 per share, which was lower than its following three quarters due to the Monetary Authority of Singapore’s dividend restrictions imposed in 2020.

What should I invest 10k Malaysia?

  • Amanah Saham Bumiputera (ASB) .
  • Employees Provident Fund (EPF) .
  • Private Retirement Schemes (PRS) .
  • Real Estate Investment Trusts (EITs) .
  • Unit trust funds
  • Exchange traded funds (ETFs) .
  • Blue chip stocks
  • Equity crowdfunding.

Which broker is the best in Malaysia?

  • HLe Broking (Hong Leong Investment Bank) SERVICES
  • UTrade by UOB Kay Hian. SERVICES
  • Affin Hwang Investment Bank Berhad. SERVICES
  • Mercury Securities. SERVICES
  • PM Securities Sdn Bhd. SERVICES.