Is Malaysia's leading glove status guaranteed?
TOPGLOV's stock price fell 10% in the past month. One reason was due to the continuous decline in turnover, preparations were made in the latest quarter, and the first fiscal year loss since listing.
Moreover, the management's goal is to turn a loss into a profit again in the next June-12 months, which means that there will be several more quarters of loss. We compared overseas glove companies' sales in the latest quarter, China 🇨🇳's Inco and Blue Sails, and Thailand's Sri Trang, all surpassed TOPGLOV in terms of turnover.
The former glove leader has now been besieged by China and Thailand. Whether they can break through in the future depends on whether management can turn things around. How do you see the future of the gloves sector in Malaysia?
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投资座右铭：价值为主，技术为辅，心态之上
在股市拥有超过10年的经验，主要是通过科技以及制造出口领域累积财富。
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010Leo : I invested in riverstone, still giving dividends, don't expect price to go sky-high during covid, strong fundamental, sound management... waiting to see an uptrend in profits.