【TOPGLOV 7113 交流专区】顶级手套

弹煮

不是Intra-day穿过五块钱就能算数的。

xetronic

快传topglov高价收购harta.

FernandoSor

top glove股价还会再跌，散户必须处于观望阶段

ss24

昨天股价尝试敲5.20但立刻滑落，现在只有散户买卖，成交量低迷，RSI超买再超买，MACD HISTOGRAM 升得很高估计达到圆顶或相差不远，惟BB还未有收缩现象。
个人建议逢高套利，或套利一半留下一半以期后市更好或突发好消息。预料将会有调整出现。

[ 本帖最后由 ss24 于 17-4-2008 12:25 PM 编辑 ]

小散户

几时才可以进场...

34350

Particular of Substantial Shareholder
Name	Matthews International Capital Management, LLC
Address	4 Embarcadero Center Suite 550, San Francisco California 94111
NRIC/Passport No/Company No	CRD 106054
Nationality/Country of Incorporation	United States
Descriptions (Class & Nominal Value)	Ordinary Shares of RM0.50 each
Name & Address of Registered Holder	Hong Kong Bank Malaysia Berhad Securities Dept Hong Kong Bldg 2, Leboh Ampang 50100 Kuala Lumpur
Change Detail
Change Date	16 Apr 2008
Change Reason	Purchase
Nature of Interest	Direct

Transaction Detail
Transaction Type	Date of Change	No of Securities	Price Transacted (RM)
Acquired	11 Apr 2008	50,800	0.000

No of Securities after Change
Direct Interest (units)	18,153,080
Direct Interest (%)	6.1703
Total Share after Change	18,153,080

34350

Particular of Substantial Shareholder
Name	Matthews International Capital Management, LLC

Change Detail
Change Date	16 Apr 2008
Change Reason	Purchase
Nature of Interest	Direct

Transaction Detail
Transaction Type	Date of Change	No of Securities	Price Transacted (RM)
Acquired	14 Apr 2008	77,000	0.000

No of Securities after Change
Direct Interest (units)	18,230,080
Direct Interest (%)	6.1965
Total Share after Change	18,230,080

34350

Particular of Substantial Shareholder
Name	Matthews International Capital Management, LLC

Change Detail
Change Date	16 Apr 2008
Change Reason	Purchase
Nature of Interest	Direct

Transaction Detail
Transaction Type	Date of Change	No of Securities	Price Transacted (RM)
Acquired	15 Apr 2008	49,200	0.000

No of Securities after Change
Direct Interest (units)	18,279,280
Direct Interest (%)	6.2132
Total Share after Change	18,279,280

34350

Particular of Substantial Shareholder
Name	Matthews International Capital Management, LLC

Change Detail
Change Date	16 Apr 2008
Change Reason	Purchase
Nature of Interest	Direct

Transaction Detail
Transaction Type	Date of Change	No of Securities	Price Transacted (RM)
Acquired	16 Apr 2008	67,400	0.000

No of Securities after Change
Direct Interest (units)	18,346,680
Direct Interest (%)	6.2361
Total Share after Change	18,346,680

8years

股价来到阻力，我也认为应该套利，然后再乘跌买进，相信这几天都不会有什么特出的表现。第一涨潮来到结束了，应该盘整来准备下一轮升。

不过如果如果油价持续攀升，可能ｒｍ５就是最高点了

技术分析员，每天看法都在变，可能下午又有不同看法了

悶蛋

原帖由 xetronic 于 17-4-2008 10:56 AM 发表

快传topglov高价收购harta.

不要,改传高价收购supermax或kossan比较好

8years

原炒家还在啊，那就不用担心了，看来第二轮已经准备要炒了，就等几时吧了。如果美国没有什么问题，ｒｍ６应该没有问题

快吧，早上看卖，下午看乘低买了。

悶蛋

原帖由 8years 于 18-4-2008 01:50 PM 发表
原炒家还在啊，那就不用担心了，看来第二轮已经准备要炒了，就等几时吧了。如果美国没有什么问题，ｒｍ６应该没有问题

快吧，早上看卖，下午看乘低买了。

怎么看得出炒家还在

8years

买卖盘的摆法很肯定是少数大炒家要炒高。不要和大炒家做对，对方财大气粗。现在正在用最少的资金将ｔｏｐｇｌｏｖｅ推到最高。

林老板在后面出了很多力，不容易，不容易。

Mr.Business

新闻。

Saturday April 19, 2008                                                                                
Top four glove makers expect to do well in spite of poor economic conditions                                       
By ERROL OH
                                                                                         
Glovemakers are facing a perfect storm. Surging costs and the sliding USdollar threaten to erode margins. Captains of Malaysia’s glove-making industry assure that there are ways to handle these and sales will remain robust.

   

  
THE bosses of the four leading latex glove manufacturers in Malaysia – in the world, in fact – may have vastly different personalities and standpoints, but they have similar views when it comes to assessing how the industry will fare in the coming months.

For example, theyare all convinced that their sales orders will keep swelling despite the ripples created by the faltering US economy. They also reckon that the stronger players are in a position to gain market share when competitors fail to adapt to the challenging environment today.

In BizWeek's separate conversations with each of the four CEOs, they choose the same word to describe the business – recession-proof.

Says Kossan Rubber Industries Bhd managing director Lim Kuang Sia: “The usage is not affected by economic conditions. Gloves protect lives and the prices are so low.

People are not going to cut back on gloves.”

There is even the theory that during hard times, more gloves are needed,particularly those donned by surgeons, doctors and other medical personnel.

“The US current economic slowdown will not hit the healthcare industry. In fact, it should do better in view of more people seeking medical treatment and health checks as a result of the economic uncertainty,” says Datuk Seri Stanley Thai, the executive chairman and group managing director of Supermax Corp Bhd.

Based on capacity and value, Kossan, Supermax, Top Glove Corp Bhd and Hartalega Holdings Bhd are Malaysia's four largest glove manufacturers.They are all listed on Bursa Malaysia, with Hartalega being the most recent to be floated. It made its main board debut last Thursday.

True to its name, Top Glove is the undisputed No.1, with a market capitalisation of RM1.5bil and the ability to churn out almost 30billion pieces of gloves a year. Kossan is next with a market worth of about RM600mil and an annual capacity of 10 billion pieces. Hartalega and Supermax are in the RM400mil plus category.

     Kuan: You need to know how to handle the volatility

Malaysia produces 60% of the world's latex gloves. Top Glove alone commands a 24% share of the global market.

For the listed glove manufacturers, it is important to hammer home the point that because the products are often either necessary or mandatory, the industry is inherently resilient. That means demand will stay firm no matter how severely people slash their spending.

This matters because the glove industry is facing mighty headwinds, and investors need to be assured that the companies' financial performance will not be further hurt by the economic downturn, bearing in mind that many of the glove producers have major customers in the US.

The perfect storm
Until about two weeks ago, the glove counters had been experiencing a poorrun. Worried that the manufacturers' margins were under tremendous downward pressure, analysts turned bearish on the stocks and the shareholders went into selling mode.

This sparked a share price decline that stretched for nine months or so. At last Thursday's closing of RM5.05, Top Glove was 45% off its price a year ago. Supermax and Kossan have shed 32% and 28% in that period.

So deep was the plunge that Top Glove and Supermax saw their shares as significantly undervalued and thus deemed it worthwhile to buy back some shares. The latter activated a vigorous share buyback programme on Sept 21 last year and has since accumulated 6.6 million treasury shares, about 2.2% of its paid-up capital.

The Supermax management signalled its belief that the company's shares are 'cheap' when it began buying back shares on March 3. To date, it has a hoard of 930,000 treasury shares.

What spooked the investing community was the rubber glove industry's equivalent of a perfect storm. The surging prices of fuel and natural rubber latex, and the declining US dollar led to fears that the manufacturers' profitability was eroding fast.

     Kuang Sia: People are not going to cut back on gloves

It was impossible to dismiss the impact of these three factors. The main raw material for rubber gloves, latex has seen constant price increases since 2001 (see table), but the pinch is felt more these days because of the greater volatility and stubbornly high prices.

The soaring oil prices are a primarily problem for glove makers in at two ways – tyre manufacturers are compelled to substitute natural rubber for petroleum-derived synthetic rubber (thus pushing up latex prices)and there is extra impetus for a gas tariff hike in Malaysia.

In glove plants, fuel – usually gas – is needed to generate heat to dry the gloves. For now, the outcome of the general election may have reduced the likelihood of a tariff increase, but the relief may not last long because oil prices continue to chart new record highs.

The slide of the US dollar against the ringgit is an unwelcome development for the glove manufacturers whose sales are largely in US dollars.

Gloves snap back
To add to the woes, it came out in July last year that US-based TillotsonCorp had filed a suit against 30 glove manufacturers (including TopGlove, Supermax, Kossan and Hartalega) in relation to patent infringement relating to certain nitrile gloves.
(Nitrile gloves are made from a crude oil by-product instead of natural rubber.)

If the manufacturers lose the case, they may end up paying royalties on their sales of nitrile gloves, including those in previous years.However, they say the cost can be passed on to the customers.

Top Glove executive chairman Tan Sri Lim Wee-Chai offers another reason for the selldown of glove stocks. He says the subprime crisis in the US had prompted fund managers to hold more cash, thus requiring them liquidate some investments.

     Thai: The US slowdown will not hit the healthcare industry

He adds, “For those who had bought into Top Glove much earlier, it was time to realise their profits. About 33% of Top Glove's shareholders are foreigners.” Inevitably, the selling of the Top Glove shares was mirrored in the trading of the other glove stocks.

In the same way that the Top Glove selldown had been a drag on the other glove counters, the current upturn in the stock has also lifted its peers.

Analyst who covers the sector attributes the reversal to an April 8 briefing by Top Glove for analysts, fund managers and the media. Hesays, “The management addressed two key issues – how much of the cost increases can be passed on to customers and how it will deal with theUS dollar situation – and that made a big difference.”

The analyst may be right. On April 1, the stock hit a 52-week low RM3.90. Aweek later, the stock closed at RM4.06, but it was really from the next day onwards that it hit its stride and marched towards the RM5 level.

What comforted the analysts and the fund managers was the proportion of additional costs – up to 80% – that Top Glove says it can shift to customers. This is an indication of the pricing power that comes with its size. According to Wee-Chai, the Top Glove chief, the company has upped selling prices thrice in the past two months.

He adds, “We have longstanding relationships with many of our customers and they understand (the reasons for the price increases) after we have explained properly.

Weathering the ups and downs
To counter the effect of the weakening US dollar on its topline, Top Glove wants to invoice its European customers in the euro. However, Lim saysit has not been easy to convince the customers to agree to this because they are unwilling to give up the current advantage of paying in US dollars.

“This will take time. Meanwhile, we will do hedging to lessen the impact,” he adds.

     Wee-Chai: Industry is still growing at 10% per annum

Another way for Top Glove to maintain its margins is to improve efficiency at its plants, particularly of its machinery, and thus control fuel consumption.

In many respects, the issues challenging the glove manufacturers are neither new nor peculiar to the industry. Volatility in raw material and fuel prices are certainly problems faced by just about every manufacturer, particularly given the extraordinary leaps in the global commodity market.

Also, the US dollar slide is a bane for all Malaysian businesses that rely on exports, not just the glove industry.

The stocks of the top glove manufacturers are hit hard perhaps because they had mostly performed well in recent years, and in the process, they attracted quite a following among institutional investors. As such,when things became less certain, the investors would rather lock in their gains and sell.

The CEOs point out that their companies' fundamentals have not changed much. Says Kuang Sia of Kossan: “Our profits still meet expectations quarter after quarter. That tells you that the industry is resilient.”

Thai of Supermax expects thatthere will be more interest in glove stocks when the industry players demonstrate that they can maintain their margins and keep delivering sound earnings going forward.

For the larger players, the cloud may come with a silver lining. Hartalega managing director Kuan Kam Honpoints out that the volatility affecting the industry is caused by the forces of supply and demand, and is not the result of the players' actions.

“The nature of the business is such that you need to know how to handle this volatility,” he adds.

Those who cannot do this are likely to find themselves in trouble. Kuang Sia of Kossan foresees that the weaker manufacturers will fall faster in the present conditions.

This will, of course, benefit their competitors and may set the stage for more industry consolidation. Says Top Glove's Wee-Chai: “Of course, amid challenging times, there are often opportunities. The other players may not do well and if that happens, we can expand our market share.

“Fundamentally, we are still strong. Our direction is clear. We will continue to grow, both organically and through acquisitions.”

The good news
All four CEOs insist that the country's glove industry's growth potential is intact. The key here is that it is a resource-based industry in which Malaysia has a distinct edge by virtue of its proximity to rubber-growing areas and its head start in a competitive and innovation-based business.

Says Kuan of Hartalega, “Malaysia is the biggest producer of rubber gloves and the market has to accept that the costs have increased. There are no alternatives.”

     *Until April 17 Source: Malaysian Rubber Exchange  

In other words, few believe that producers in another country are set to grab market share from the leading Malaysian players anytime soon. But the others may still try nonetheless, for it is an attractive prize to aim for.

Says Top Glove's Wee-Chai: “It's very important to appreciate that the glove industry is still growing at 10% per annum.Even if the recession is dampening demand in the US, the demand in other countries remains robust. People still need gloves.”

Thai of Supermax says he is convinced that the glove industry will continue growing on the back of higher demand from the emerging consuming markets (such as China, India, Vietnam, the Middle East and Eastern Europe).

He sees additional demand for gloves in the developed countries for areas such as the hygiene sector, food handling and food processing. “In addition, there is no apparent replacement for gloves as an infection control device in the healthcare industry,” he adds.

http://biz.thestar.com.my/bizweek/story.asp?file=/2008/4/19/bizweek/20986651&sec=bizweek

[ 本帖最后由 Mr.Business 于 20-4-2008 05:52 PM 编辑 ]

Mr.Business

看好手套股，特别是Top Glove。

Top Glove executive chairman Tan Sri Lim Wee-Chai offers another reason for the selldown of glove stocks. He says the subprime crisis in the US had prompted fund managers to hold more cash, thus requiring them liquidate some investments.

He adds, “For those who had bought into Top Glove much earlier, it was time to realise their profits. About 33% of Top Glove's shareholders are foreigners.” Inevitably, the selling of the Top Glove shares was mirrored in the trading of the other glove stocks.

In the same way that the Top Glove selldown had been a drag on the other glove counters, the current upturn in the stock has also lifted its peers.

Analyst who covers the sector attributes the reversal to an April 8 briefing by Top Glove for analysts, fund managers and the media. Hesays, “The management addressed two key issues – how much of the cost increases can be passed on to customers and how it will deal with the US dollar situation – and that made a big difference.”

The analyst may be right. On April 1, the stock hit a 52-week low RM3.90. A week later, the stock closed at RM4.06, but it was really from the next day onwards that it hit its stride and marched towards the RM5 level.

What comforted the analysts and the fund managers was the proportion of additional costs – up to 80% – that Top Glove says it can shift to customers. This is an indication of the pricing power that comes with its size. According to Wee-Chai, the Top Glove chief, the company has upped selling prices thrice in the past two months.

He adds, “We have longstanding relationships with many of our customers and they understand (the reasons for the price increases) after we have explained properly.

Mr.Business

注意观察以下照片和2007年报的cover page，很有趣的发现。

ah-b

原帖由 8years 于 18-4-2008 01:50 PM 发表
原炒家还在啊，那就不用担心了，看来第二轮已经准备要炒了，就等几时吧了。如果美国没有什么问题，ｒｍ６应该没有问题

快吧，早上看卖，下午看乘低买了。

我还没有卖咧~
我买4.98,你认为几多才卖适合?

c56733

以我对顶级手套的观察，它从约RM3.90的价位急速的上扬到5元的价位，
会在这个水平巩固横摆一段时间。

tan81

原帖由 Mr.Business 于 20-4-2008 06:01 PM 发表
注意观察以下照片和2007年报的cover page，很有趣的发现。

发现了很像罗家英。 有趣吗？

难道是替身？

[ 本帖最后由 Mr.Business 于 21-4-2008 11:24 AM 编辑 ]