Business Description:
Top Glove Corporation Berhad is a Malaysia-based investment holding company providing management services. The Company's subsidiaries are engaged in the manufacture and trading of gloves; producing and selling latex concentrate, and property investment and trading of machinery. It operates in Malaysia, Thailand and People's Republic of China. The Company's subsidiaries include Top Glove Sdn. Bhd., TG Medical Sdn. Bhd., Great Glove Sdn. Bhd., Top Glove Engineering Sdn. Bhd. and TG Medical (U.S.A.) Inc. On March 25, 2010, the Company acquired Top Quality Glove Sdn. Bhd.
Current Price (7/1/2011): 5.42
2010 Sales 2,079,432,000
Employees: 11,500
Market Cap: 3,351,370,280
Shares Outstanding: 618,334,000
Closely Held Shares: 267,967,762
| Announcement Date | Financial Yr. End | Qtr | Period End | Revenue RM '000 | Profit/Lost RM'000 | EPS | Amended | ||||||
| 15-Dec-10 | 31-Aug-11 | 1 | 30-Nov-10 | 491,509 | 36,333 | 5.83 | - | ||||||
| 06-Oct-10 | 31-Aug-10 | 4 | 31-Aug-10 | 541,386 | 46,235 | 7.30 | - | ||||||
| 17-Jun-10 | 31-Aug-10 | 3 | 31-May-10 | 555,851 | 65,380 | 10.66# | - | ||||||
| 17-Mar-10 | 31-Aug-10 | 2 | 28-Feb-10 | 509,895 | 72,258 | 11.77# | - | ||||||
# adjusted for 2010 1/1 Bonus
Estimated EPS for 2011 = 4*5.83 = 23.32 sen
At price of 5.42, it is trading at prospective PE for 2011 = 5.42 / 0.2332 = 23 x
Year DPS EPS
2001 0.8 3.1
2002 0.6 3.5
2003 1.8 4.9
2004 2.4 7.6
2005 2.7 11.0
2006 3.0 14.6
2007 4.6 17.3
2008 5.5 18.7
2009 11.0 28.5
2010 16.0 39.84
1Q11 0.0 5.83 NTA 1.90
Historical
5 Yr
PE range 11.8 - 23.4
DY range 3.1% - 1.5%
10 Yr
PE range 10.1 -= 19.6
DY range 3.5% - 1.7%
Capital changes
2001 5.99/10 Rights @ RM 1.16
2002 3/10 Bonus
2003 2/5 Bonus
2005 1 to 2 Share Split
2007 2/5 Bonus
2010 1/1 Bonus
No comments:
Post a Comment