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1. Sifu told me to watchout for tomorrow 4Q result for Top Glove.

2. He said anything below RM700m is bad for share price - it should decline to below RM7.50 if this happen

3. But if it increase above RM800m - share price should increase above RM8.60

The value of a company depends on the profit that it makes.

He gave me this whole table to refer to.

4Q profit in RM million Annualized PE Market Cap No Of Shares TP
400 1600 22 35200 8170 4.31
500 2000 22 44000 8170 5.39
600 2400 22 52800 8170 6.46
700 2800 22 61600 8170 7.54
800 3200 22 70400 8170 8.62
900 3600 22 79200 8170 9.69
1000 4000 22 88000 8170 10.77
1100 4400 22 96800 8170 11.85


 

Currently the market price is telling everyone that the number should be between RM700m to RM800m profit.
This is because the share price of RM8.43 falls within the range of RM7.54 to RM8.62.

So anything below RM700m means share price will drop a lot by more than 10%.

So anything above RM800m means share price will increase a lot by more than 10%.
 

Why 22x PE? Because average 10 years earnings growth is minimum 22%. Especially this year it can easily achieve 100% and next year another 100% so 22% in 10 years can achieve.

 https://klse.i3investor.com/blogs/feliciawong/2020-09-16-story-h1513525890-Top_Glove_TOPGLOV_How_To_Play_The_4Q_Result.jsp

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