The stock has touched the lower band 0.395. There is buying support at 0.39. This could be the bottom. The impending tariffs on Chinese gloves will have good impact on Top Glove sales margin. The recent rise in USD against MYR should have favourable forex gains for Top Glove. Good time to accumulate.
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Deep Sea
OP
:
Take note that Top Glove Corporation is one of the beneficiaries of the JS-SEZ with two factories located in Johor.
Specifically for the Warrants listed on the Singapore Exchange Securities Trading Limited (“SGX-ST”), the Exercise Price has been translated into Singapore Dollars (“SGD”) 0.38 per Warrant based on SGD1.00: RM3.3230, being the middle rate quoted by Bank Negara Malaysia as at 5.00 p.m. on 3 December 2024, which is the last trading day (in Malaysia) immediately preceding this announcement. This translated Exercise Price of SGD0.38 per Warrant is applicable to Warrants listed on the SGX-ST to be exercisedduring the period commencing from the date of issuance of the Warrants until 31 March 2025.
Deep Sea OP : Take note that Top Glove Corporation is one of the beneficiaries of the JS-SEZ with two factories located in Johor.
103725026 : Fall off.
Green Leaf Froggie : is TG giving 1 bonus convertible warrant at 0.38 for every 20 shares ?
Deep Sea OP Green Leaf Froggie : No idea. Never saw the announcement at sgx.
Deep Sea OP : The stock already dropped 10%. Cheap to accumulate.
Deep Sea OP Green Leaf Froggie : It’s confirmed. Look at sgx announcement.
https://links.sgx.com/FileOpen/TopGlove_Proposed_Bonus_Issue_of_Warrants_04.12.2024.ashx?App=Announcement&FileID=827212
Specifically for the Warrants listed on the Singapore Exchange Securities Trading Limited (“SGX-ST”), the Exercise Price has been translated into Singapore Dollars (“SGD”) 0.38 per Warrant based on SGD1.00: RM3.3230, being the middle rate quoted by Bank Negara Malaysia as at 5.00 p.m. on 3 December 2024, which is the last trading day (in Malaysia) immediately preceding this announcement. This translated Exercise Price of SGD0.38 per Warrant is applicable to Warrants listed on the SGX-ST to be exercisedduring the period commencing from the date of issuance of the Warrants until 31 March 2025.