Top Glove *Official* (SGX: BVA)

Jupiter2017

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http://www.businesstimes.com.sg/com...s-to-buy-medical-gloves-business-from-adventa
Top Glove enters exclusive talks to buy medical gloves business from Adventa
Fri, Nov 24, 2017 - 1:49 PM Kenneth Lim kenlim@sph.com.sg

TOP Glove Corp has entered into exclusive negotiations to buy the medical gloves business of Adventa Capital in a cash-and-shares deal.
The final terms for the target business, Aspion, have yet to be decided, but Adventa has agreed to only negotiate with Top Glove until Jan 15, 2018.
Top Glove, a Malaysia-based rubber-glove maker, said that the purchase consideration will be based on Aspion's after-tax profit, a possible guarantee by Adventa in case of a profit shortfall in 2018, and a possible multiple of 16 to 18 times of the 2018 target after-tax profit.
If successful, Top Glove said that it will retain the existing leadership of Aspion.
Top Glove said that the acquisition will establish the group as the largest surgical glove exporter in Malaysia and one of the largest surgical-glove makers around the world. It also confers benefits in access to new technologies, gross profit margin and geographical reach.

Price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=BVA.SI
 

Wood41

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No one in this gem ?
Pity there is little volume.
SGX S$2.26 vs KLSE RM 6.85 @
 

Wood41

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Lol
I hope you don’t think this is one of those dumbo Catalist stocks. :o
Its low volume here because of its secondary listing here.

It mirrors KLSE .
This stock is a triple over the years.
BWltcyW.jpg


Malaysian firm aims to be world's largest surgical glove maker with acquisition of Aspion
http://www.straitstimes.com/business/companies-markets/top-glove-to-grab-larger-market-share

volume too little leh..
trade with caution
 

Jupiter2017

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http://www.businesstimes.com.sg/com...nings-up-438-to-rm1054m-on-record-glove-sales
Top Glove's Q1 earnings up 43.8% to RM105.4m on record glove sales
TUE, DEC 19, 2017 - 2:24 PM LEE MEIXIAN leemx@sph.com.sg

HEALTHY growth in sales volume gave a lift to results for Top Glove for its first quarter ended Nov 30.
Net profit shot up 43.8 per cent to RM105.4 million (S$34.8 million) from the previous year, the group said in a Singapore Exchange (SGX) filing on Tuesday afternoon.
For the three months, revenue expanded 19.4 per cent to RM938.1 million from the preceding year - its highest-ever quarterly sales revenue.
Earnings per share expanded to RM8.41 from RM5.85 in the preceding year. Net asset value per share crept up to RM1.68 as at Nov 30, from RM1.6 as at Aug 31.
The glove maker said that the quantity it sold grew 17 per cent compared to a year ago; nitrile glove sales volume grew the most, following China's strict enforcement against polluting industries which benefited the company's natural rubber and nitrile glove sales.
"The improved results followed strong demand growth stemming from developed and emerging markets, where glove demand is rapidly on the rise.
"Internally, new capacity coming onstream, as well as continuous improvement initiatives in terms of automation, better production lines and cost-saving were also instrumental in contributing to the strong performance."
Raw material prices for the quarter were on the uptrend compared with the year-ago period, with average natural rubber latex prices higher by 12.1 per cent and nitrile latex prices up by 3 per cent.
As at end-November 2017, the group was in a positive net cash position of RM80 million.
Besides its secondary listing on the Singapore Exchange (SGX), the glove maker also has a primary listing on Bursa Malaysia.
After its trading halt lifted, its shares on SGX stayed flat at S$2.30 at 1.56pm.
 

Wood41

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No leh .
Perisher is the king with so many many holdings.

Wa, this stock jumps >5%(RM 0.40) in KLSE today to RM 7.33 . :s22:
 
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Wood41

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Top Glove Corporation +7.8% at record level of MYR7.48, after it reported 44% rise in 1Q net profit, slightly above expectations.



Malaysia's Top Glove Corporation 1Q Net Profit Surges 44% On-Year

KUALA LUMPUR (Dec 19) -- Malaysia's Top Glove Corporation, the world's largest rubber glove producer by capacity, said Tuesday its net profit surged 44% in the fiscal first quarter from a year earlier thanks to higher demand.

Net profit for the three months ended Nov. 30 was 105.45 million ringgit ($25.88 million) compared to 73.32 million ringgit over the same period last year, Top Glove said in an exchange filing. Quarterly revenue climbed 19% year-on-year to 938.12 million ringgit from 785.58 million ringgit.

The company said it will continue to build one to two factories every year. "Top Glove will also continue to explore mergers and acquisitions, as well as new set-ups in synergistic industries," it added.
 
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Mr. Wood

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Top Glove Corporation +7.8% at record level of MYR7.48, after it reported 44% rise in 1Q net profit, slightly above expectations.



Malaysia's Top Glove Corporation 1Q Net Profit Surges 44% On-Year

KUALA LUMPUR (Dec 19) -- Malaysia's Top Glove Corporation, the world's largest rubber glove producer by capacity, said Tuesday its net profit surged 44% in the fiscal first quarter from a year earlier thanks to higher demand.

Net profit for the three months ended Nov. 30 was 105.45 million ringgit ($25.88 million) compared to 73.32 million ringgit over the same period last year, Top Glove said in an exchange filing. Quarterly revenue climbed 19% year-on-year to 938.12 million ringgit from 785.58 million ringgit.

The company said it will continue to build one to two factories every year. "Top Glove will also continue to explore mergers and acquisitions, as well as new set-ups in synergistic industries," it added.

continue to build one to two factories every year:eek:
Money many many :o
Huat ah!
 

endlssorrow

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However, we are mindful of a potential supply glut at some point, with most players having embarked on aggressive capac- ity expansion in recent years. is could end in severe price undercutting that would hurt margins. We estimate that the combined production capacity of the Big ree (Top Glove, Har- talega & Kossan) will expand by a whopping 17% to 121 billion pieces annually in 2018, versus a 7.5% growth in 2017. Also, with input costs denominated largely in ringgit while export sales in US dollars, glove makers stand to lose from a strengthening ringgit (a reversal from the windfall they enjoyed due to the weakening ringgit in recent years).
 

Wood41

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The brave retail investors who took the placement @ S$1.71 in June & I who bought it after that are $laughing$ .

It is easy $ with >50% capital gain & 2 total dividend of S$0.047 soon.
Enuf gain for a cup of kopi 0 & cai png. :o
 
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