【TOPGLOV 7113 交流专区】顶级手套

peterg

原帖由 阿圆 于 11-1-2008 11:02 AM 发表
用private placement 所得到的钱, 当时是RM8.xx, 来买RM5.xx 与RM6.xx 的股， 还不错嘛。要到期的ESOS的股数都给他买回来了，所以，这次ESOS完全没有影响到股东的利益。

private placement , RM8.xx , 現在 RM6.xx , 配售股東的利益受損.

ESOS 價 < 市價 ,  又用公司的錢買回, 價差由公司Account流進他人Account, 股東的利益受損.

ESOS, 票數增加, EPS沖稀, 股價下調, 股東的利益受損.

Mr.Business

Top Glove于31/12/2007准备的"Corporate Updates & Presentation":
http://www.topglove.com.my/investor_presentation.pdf

Mr.Business

我觉得公司花了太多的钱了来回购股票，而回购股票也导致我们没机会知道Top Glove在多数投资者的眼里到底值多少钱。

peterg

原帖由 Mr.Business 于 11-1-2008 12:24 PM 发表
我觉得公司花了太多的钱了来回购股票，而回购股票也导致我们没机会知道Top Glove在多数投资者的眼里到底值多少钱。

沒錯, 宁願它把錢拿來還債或收購 (同業/橡膠園), 不然也可以回饋給股東(股息).
可是, 它卻拿來買回ESOS的票, 很明顯是圖利某些人

我不同意, ESOS 是拿來獎勵員工, 因為每年公司還是會給花紅.
用這種方法來獎勵, 即沒效果又浪費公司的現金.

Mr.Business

"另一方面，隨著去年收購了一家手套業者后，頂級手套今年也計劃收購多一家本地業者，來壯大該公司的業務版圖。
該公司主席丹斯里林偉才博士表示，該公司在過去每年都進行至少一次的收購計劃，今年也不例外。
他指出，目前他們已開始與本地幾家小型手套業者進行洽談，並預計投資1億令吉來進行收購。"

"林偉才說，頂級手套正與本地多家上市及非上市橡膠手套生產商洽談有關收購事宜，預計今年可成功收購至少一家。"

记得从前林博士说过不大喜欢收购手套生產商，因为生产线可能老旧，自己建厂会更好。现在林博士改变想法，积极收购，是因为：
1. 有便宜的工厂等待被收购？
2. 收购工厂带来的盈利进步会比较快？
3. 投资者喜欢并购的消息？

Mr.Business

每年併購一本地手套公司&#8231;頂級手套冀奪全球市佔35%

2008-01-10 12:10

（吉隆坡訊）頂級手套（TOPGLOV，7113）計劃每年併購一家本地手套公司以增加產量，尋求在2010年可佔全球市佔率三份之一。

頂級手套目前是全球最大手套生產商，該公司期望於2009財政年提高手套年產能至440億隻，並於2010年提高至600億隻，佔全球需求的35%。

隨馬幣升值，併購計劃已經變得更容易，因為美元收入降低侵蝕手套商盈利，而小型手套商也難以將原料和燃料成本轉嫁給客戶。

洽談收購事宜

頂級手套主席丹斯里林偉才在股東常年大會後表示：“我們正與本地數家手套公司洽談收購事宜，包括上市或未上市公司。公司的目標是每年進行1項收購。”


林偉才

頂級手套擬於2008和2009財政年分別撥款1億令吉作為資本開銷，除擴大產能外，也將作為收購資金。

“通過擴大產能和收購，我們期望維持每年25%的成長。”

成本轉嫁消費者

他也表示該公司會維持穩定的股息，但不會回退過剩資金，因為會儲存併購“子彈”。

頂級手套目前在本地、泰國和中國擁有18家工廠，手套年產能達280億隻，全球市佔率則為24%。

另一方面，隨著原物料價格高漲，該公司也將把成本轉嫁消費者，同時2家位於泰國的濃縮膠乳廠供應其膠乳用量的50%至60%，也有助緩衝成本高漲的衝擊。

林偉才披露：“我們可將高出成本的80%轉嫁消費者，其中公司已於去年11月上調產品價格達3%至4%，全年則已調漲8%至9%。”

他指出，貨幣匯率波動或原料成本高漲皆不在控制範圍內，因此將致力提昇內部效率應對。

此外，頂級手套聯合8家手套製造商已向美國國際貿易委員會（ITC）反擊Tillotson機構的丁晴手套專利侵權控訴。

林偉才說：“我們預期此案件料於今年12月了結，勝出的機率良好。”

購膠園為長期計劃

該公司也物色收購橡膠種植地的機會，惟表示目前價格已太高。

林偉才說：“收購橡膠園是長期計劃，但我們並不急逼，因為現在成本太高。”

http://biz.sinchew-i.com/node/8595?tid=6

tan81

原帖由 Mr.Business 于 11-1-2008 01:02 PM 发表
每年併購一本地手套公司&#8231;頂級手套冀奪全球市佔35%

2008-01-10 12:10

（吉隆坡訊）頂級手套（TOPGLOV，7113）計劃每年併購一家本地手套公司以增加產量，尋求在2010年可佔全球市佔率三份之一。

頂級手 ...

长得真像罗家英。

Mr.Business

林偉才



罗家英



是长得很像。。。我现在在读大众银行的大老板的传记，不知道林偉才几时会出传记呢？

[ 本帖最后由 Mr.Business 于 11-1-2008 01:56 PM 编辑 ]

Mr.Business

原帖由 loyaltoad 于 10-1-2008 08:08 AM 发表
2008 大内幕：Topglove 要收购 LATEXX 了！！！

LATEXX的票数是82.4 million股，市价RM0.795，要买下整个Supermax至少要花RM65.508 million，Top Glove会买她吗？

LATEXX

(7064)  14:10:33

Last Done	0.795
Change	0.035
Day High	0.840
Day Low	0.765
Best Buy	0.000
Best Sell	0.000
Volume(Lot)	257920

[ 本帖最后由 Mr.Business 于 11-1-2008 02:30 PM 编辑 ]

弹煮

生意佬刚才说林博士不买橡胶园鸟，变成了直接收购橡胶厂？

Mr.Business

变成了直接收购胶手套厂。猜猜Top Glove会买哪间公司？LATEXX今天起3.5 sen就是因为这传言？我以为Top Glove买LATEXX的可能性不大哦，LATEXX不算便宜嘛。

弹煮

如果TOPGLOV敢敢硬硬来收购SUPERMAX我就敢说林博士有胆色

34350

Notice of Shares Buy Back - Immediate Announcement

Date of buy back	:	09/01/2008
Description of shares purchased	:	Ordinary Shares of RM0.50
Total number of shares purchased (units)	:	110,400
Minimum price paid for each share purchased (RM)	:	6.100
Maximum price paid for each share purchased (RM)	:	6.350
Total consideration paid (RM)	:	680,290.00
Number of shares purchased retained in treasury (units)	:	110,400
Number of shares purchased which are proposed to be cancelled (units)	:	0
Cumulative net outstanding treasury shares as at to-date (units)	:	4,535,600

34350

Notice of Shares Buy Back - Immediate Announcement

Date of buy back	:	11/01/2008
Description of shares purchased	:	Ordinary Shares of RM0.50
Total number of shares purchased (units)	:	33,000
Minimum price paid for each share purchased (RM)	:	6.150
Maximum price paid for each share purchased (RM)	:	6.250
Total consideration paid (RM)	:	204,090.00
Number of shares purchased retained in treasury (units)	:	33,000
Number of shares purchased which are proposed to be cancelled (units)	:	0
Cumulative net outstanding treasury shares as at to-date (units)	:	4,568,600

Mr.Business

新闻。

Q&A with Top Glove, Supermax execs:
Glove makers upbeat despite challenging environment
Top Glove Corp executive chairman/chief executive officer Tan Sri Dr Lim Wee-Chai and Supermax Corp Bhd executive chairman and group managing director Datuk Seri Stanley Thai speak about the year ahead and challenges faced by the glove-making industry
        
Published: 2008/01/12



QUESTION: What would be the main challenges for your industry this year?

Lim: Gloves, being necessity items in the healthcare industry will always be in demand in the global market. The demand for gloves globally is estimated at 135 billion pieces per annum and is still growing at the rate of 10 to 12 per cent per annum. This is a very encouraging growth for the industr y.

The rapid growth is due to the higher healthcare and hygiene standards that are being practised in emerging countries in Eastern Europe, Middle East, Latin America and East Asia. For Top Glove, we are always expanding and target to increase our world market share to 30 per cent by December 2008.

Our major challenge at this moment would be a shortage in the supply of natural gas for the industry to expand further, and as there are plans by the government to increase gas price, we suggest that the government gives a deep thought to the increase as it will affect all industries.

We are of the opinion that the privilege of using gas at the present price should be continued to ensure competitiveness.

The government’s plan to develop rubber plantations in Kelantan is good, but this plan should not be developed purely for the rubber wood industry but to cater to the need for latex usage as well.

There are not many industries in Malaysia that can be the world’s champion, therefore it is important that consideration and proper planning are introduced to ensure that this status is maintained. A master plan should be drawn up to ensure continious success in the rubber glove industry.



Thai: In the globalised world that our industry is in, the main challenges we face in the glove industry are:

# Continuous volatility of material costs such as commodity prices; the volatility of natural rubber latex prices and synthetic latex prices.

# Volatility of US dollars against the ringgit

# Volatility of fuel costs.

# Shortage of middle management professional managers in Malaysia.

Q: How do you plan to overcome these challenges?

Lim: We are looking at setting up our own biomass plant to cater for our requirements and we hope that the government will introduce effective measures to curb the rising cost of palm kernel shell, empty fruit bunch, wood chips and other sources for the usage in the biomass plants.

This is because we foresee that once there is a demand in such energy sources we will have a situation whereby the demand will be more than supply. Being a manufacturer, any increase in costs will have an immediate and direct adverse impact on our bottom lines.

As we have close and good working relationship with our existing customers, we have always enjoyed the benefit of mutual business understanding whereby we will share any cost increase with our customers. Similarly, any increase in the natural gas price, we would partially pass the cost to them.

Thai: We have been working under these challenges — such as managing the volatility of commodity prices and fluctuation of foreign exchange — all the time, and we have been quite good in managing these costs which directly hit our bottom line.

However, the new challenge that has emerged is the shortage of middle management professional managers in Malaysia. This is affecting all industry sectors and businesses in Malaysia.

We see an exodus of professionals such as accountants, marketing personnel and engineers. They are being lured to more lucrative, better incentives and less restrictive overseas careers advancement.

Countries that are benefiting from the brain drain in Malaysia are China, Vietnam, India, Singapore and certain Middle Eastern countries. English and Mandarin speaking managers are being lured to China and Vietnam. Accountants and financial managers are being recruited in Singapore for oversea postings. Professional managers are being recruited to work in the Middle East where they are not taxed.

We have foreseen this and since 2000, we have started opening up overseas marketing offices and distribution centres in the US, Canada, Brazil, Europe and Australia and a manufacturing facility in Vietnam.

Q: What are the trends that could shape your industry this year?

Lim: Gloves have been in use for the past 100 years and have acted as a barrier of protection from diseases. Being an important and necessary item in the healthcare industry, the demand is growing consistently as individuals all over the world are more concern on improving healthcare standards.

This trend has become prominent, in view of the demand of our gloves from countries like the former Eastern Europe bloc which has joined the European Union.

Similar effect is also felt from countries in the Latin America region.

In developed countries, hygiene awareness has also increased the demand for the usage of gloves in the non-medical sector such as the food, cosmetic and automobile industr ies.

With the threat from bio-terrorism like anthrax, usage of gloves has surged tremendously as new users like Customs, postage workers and courier services have started to use gloves in their daily working activities. As a glove manufacturer, we always ensure that the quality of our products meet international standards.

Thai: All that I hope to see is that the government continues to improve the public delivery system, especially at the local government level.

Building a new factory and getting the approval from various government departments remains a nightmare, wasting precious time and incurring unnecessary costs in dealing with local government departments.

Q: What are the prospects for your industry this year?

Lim: We are optimistic on the glove business and are increasing our targeted world market share to 30 per cent by December 2008.

Currently, it is at 23-24 per cent of the world market share, with our production capacity of 28.6 billion pieces per annum from 18 factories.

Moving forward, we are looking at a two-prong growth strategy; firstly, vertical growth, whereby we are giving due consideration to move downstream to ensure that we give good service and fast feedback to our targeted customers by setting up more marketing offices over seas.

In this competitive business environment, it is always good if we can respond immediately to our customers and clients. The management is also looking at synergistic acquisitions such as rubber plantations that will ensure that we have enough supply of raw materials for our own consumption.

Meanwhile, our horizontal growth is more into expanding our products range in line with our “One Stop Glove Sourcing Centre”.

Such a strategy will enable us to increase our market share with the availability of various types of products.

Besides that, our presence in China will also enable us to tap for opportunities that can synergise with our distribution channel.

In order to increase our organic growth by building new factories, we are on the lookout for any good glove companies that we can acquire to further improve Top Glove ’s performance.

We are also expecting the demand for gloves to be strong this year as it is a necessary item in healthcare industry and demand from countries in Eastern Europe, Latin America is growing strongly, in view of their improved hygiene standards and requirements.

Thai: The disposable medical gloves industry is recession-proof.

The prospects remain good and we remain upbeat that the glove industry will continue to grow.

We have seen high demand growth in the hygiene sector especially in the food services outlets and meat processing sector.

Q: How will your industry be affected by the expected rise in fuel and electricity this year?

Lim: If the government proceeds with the plans to increase the fuel and electricity prices this year, it will have an impact on our manufacturing cost as this area forms about 10 per cent of our production cost.

As we mentioned earlier, any increase in cost will be shared partially with our customers due to the good working relationship that we have built over the years.

Thai: So long as Malaysia remains globally and regionally competitive of its fuel and utility costs, we are able to pass down the cost increase to the consumers without losing our global market share.

http://www.btimes.com.my/Monday/OurPick/20080112000549/Article

[ 本帖最后由 Mr.Business 于 12-1-2008 10:39 PM 编辑 ]

34350

林伟才总是信心十足.........目标也总是可以达到...........厉害.

留下眼镜

随着Supermax向Nitrile glove的专利权拥有者Tillotson妥协后，情况不知道有没有变？林博士的其中一个打算可能是赔钱了事，扩建和买原料供应公司都要钱，看来是不会发红股的吧？

34350

红股还是会有的,如果公司还是需要发展与扩建,那么就有可能需要增加资本.

peterg

原帖由 34350 于 14-1-2008 12:13 AM 发表
红股还是会有的,如果公司还是需要发展与扩建,那么就有可能需要增加资本.

發紅股不會增加現金資本吧?  和發展和擴建應該沒啥么關係....
主觀的認為它甚麼都好, 不是太好吧..

34350

Notice of Shares Buy Back - Immediate Announcement

Date of buy back	:	14/01/2008
Description of shares purchased	:	Ordinary Shares of RM0.50
Total number of shares purchased (units)	:	118,900
Minimum price paid for each share purchased (RM)	:	6.050
Maximum price paid for each share purchased (RM)	:	6.200
Total consideration paid (RM)	:	724,155.00
Number of shares purchased retained in treasury (units)	:	118,900
Number of shares purchased which are proposed to be cancelled (units)	:	0
Cumulative net outstanding treasury shares as at to-date (units)	:	4,687,500