TOPGLOV Earnings Preview: Grab rewards by guessing the closing price!
Hi Mooers! 👋
$TOPGLOV (7113.MY)$ is expected to release its quarterly earnings this week*. How will the market react to the company's results? Cast your vote and join the fun!
*The exact release date is subject to the company's announcement.
$TOPGLOV (7113.MY)$ is expected to release its quarterly earnings this week*. How will the market react to the company's results? Cast your vote and join the fun!
*The exact release date is subject to the company's announcement.
(Poll ends at 17:00 MYT on June 19)
● 100,000 Points Pool: Mooers who make the correct guess will share 100,000 points equally.
● 300 Points: For the top 3 comments sharing quality insights or outlooks on TOPGLOV.
📝 Note
1. Rewards will be distributed within 15 working days after the earnings are announced.
2. The top 3 comments are selected based on quality, originality, and engagement.
1. Rewards will be distributed within 15 working days after the earnings are announced.
2. The top 3 comments are selected based on quality, originality, and engagement.
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mieapex : Overall, the decline in Top Glove's stock price serves as a reminder of the cyclical nature of the industry and how extraordinary market conditions like a global pandemic can lead to drastic changes in demand and supply, ultimately having a significant impact on the company's performance and valuation in the stock market.
Skyrye7 : Top Glove’s future earnings prospects hinge on several key factors—here’s a snapshot of what will most heavily influence its performance going forward:
1. Raw Material Prices
2. Glove Selling Prices & Volume
3. Global Demand & Trade Policies
4. Capacity & Product Mix
5. Regulatory & Operational Risks
6. Competitive Pressure & Pricing
Natural rubber & nitrile latex costs are major inputs for glove production. Management expects these to gradually decline, which could boost profit margins—raw material prices dropped ~8% recently to US $0.86/kg, supporting Q2 profitability
However, any unexpected spikes (e.g., weather-related disruptions or supply issues) can compress margins .
Average selling prices (ASPs) rose due to tight supply and higher costs in late 2024—but as inventories normalize, pricing could stabilize .
Volume trends are crucial: solid demand-led orders upside, particularly from inventory replenishment, support ~20% quarterly revenue surges
Post‑covid glove demand remains elevated, but could flatten—market normalization is ongoing
Trade tariffs, e.g., U.S. penalties on Chinese suppliers, benefit Top Glove—but any reversal may weaken this supply-side advantage
Expansion of nitrile glove capacity gives Top Glove pricing flexibility vs cheaper latex gloves
Shifting production to higher‑margin glove types and low‑cost automation supports earnings resilience
Past labour controversies prompted U.S. import bans—though resolved, future issues in labour standards or housing could trigger sanctions
Organic cash flow must fund working capital, capa‑ex, and debt service. Q2 FY2025 saw cash dip versus capital-intensive quarters .
Intensified competition from Chinese and Thai glove makers could force ASP reductions and tighten margins
ZenZiDeR : $TOPGLOV (7113.MY)$ is the world’s largest manufacturer of gloves, but its fortunes have fluctuated sharply in recent years. Here's a breakdown of the current insights and outlooks on the company as of mid-2025:
RECENT PERFORMANCE
As of 2024–2025:
1. Revenue & Profit: Continued weakness due to post-COVID normalization. Revenues have declined from the peak in FY2021.
2. ASP (Average Selling Price): Still under pressure due to global oversupply and aggressive price competition from China and Thailand.
3. Capacity Utilization: Remains low (around 40–50%), with many lines temporarily shut down or scaled back.
4. Profit Margins: Operating margins have been squeezed; some quarters reported net losses.
FINANCIAL HEALTH
1. Cash position remains decent due to strong cash flow during the pandemic boom.
2. Debt levels are moderate; no liquidity crisis, but earnings are insufficient to fund major capex without dipping into reserves.
3. Dividend payout is low or suspended due to losses.
STRATEGIES PLAN
1. Diversification: Top Glove is exploring non-glove healthcare and cleanroom segments, but these contribute marginally today.
2. Sustainability: Committed to ESG goals — important for retaining Western buyers.
3. Restructuring: May rationalize some glove production lines to match long-term demand.
MARKET SENTIMENT & VALUATION
1. Valuation: Trading at a low P/B ratio (~0.8–1.0x), reflecting cautious investor sentiment.
2. Investor view: Mostly seen as a recovery or turnaround play.
3. Institutional interest: Low but slowly returning, especially if global glove demand stabilizes.
OUTLOOK
Short-Term (2025):
1. Recovery is slow and uneven.
2. Break-even or slight profits possible in late 2025 if ASP improves and utilization rises.
Medium-Term (2026–2027):
1. Demand will grow slowly in line with global healthcare needs.
2. Industry consolidation or Chinese exit could rebalance supply/demand.
3. Top Glove’s position as a low-cost, large-scale producer gives it resilience.
SUMMARY
1. Top Glove is in a transition phase — from a pandemic winner to a normalised cyclical stock. The worst may be over, but the road to meaningful profitability is long. For investors:
2. Conservative profile: Avoid or hold.
3. Turnaround/value investor: Watch for improving margins and ASP before accumulating.
4. Dividend investor: Wait until profits resume and payouts restart.
101651571 : .
careful Duck_7141 : up
Wowhaha : Top Glove will increase a hundredfold as long as there is a pandemic. Just because there isn't one now doesn't mean there won't be in the future. Everyone should just hold on to it; fortunes change.
ckkuay : Intuition tells me.
103379872 : predicted
104168453 : above 0.78
103789179 : Business downturn cycle.
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