From TG's Investor Relation;

** There was an improvement in Sales Volume (Quantity Sold) as compared with the preceding quarter.**

**“Top Glove” today announced its financial results for the Second Quarter that ended 28 February 2023 (2QFY2023), taking the challenging environment in stride and maintaining a positive long-term outlook.**

**The Group notes that customers’ glove inventory levels are moving closer to normality. However, while sales have started to pick up, not all orders received will prove feasible due to lower price points**

**.As the glove industry faces losses coupled with escalating costs, the industry has started to revise selling prices upward from February 2023, which is a necessary step toward the industry’s eventual recovery and sustainability.**

** “To mitigate the effects of the headwinds encountered, we continue to implement efficiency enhancement and cash conservation initiatives aimed at driving recovery and improving our bottom line, while increasing ASPs to offset rising costs”, continued Mr. Lim**

Hopefully, raw material prices continue to ease. This way, the raised ASP would benefit TopGlove greatly. For now, current fundamental are greatly empowered by the rise of its ASP and interim easing of its RMP. Way to go, keep at it TopGlove.

Stanley, you are missing the point. If you look at the losses, you are not looking at the business's operational performance at present. Re-read again from the QR and in the IR letter. I posted it here so you and the others don't have to open the pdf.

good day Aaron,

you also here

hahaha

happy trading

Few key factors involved;

1: Rising ASP
2: Low material cost
3: Easing glove supply

You filled in the remaining dots.

I'm just bought in yesterday 0.695

hahaha

happy trading

You're welcome Stanley, I hope the information imparted benefits you.

John, I've it at 0.68, 1 and a half pt under you. :)

Happy Trading

Agreed Aaron, that was a awesome experience in Beta

hahaha

happy trading

@YY I don't want to apply speculative views, only looking at it based on the fundamental that was shared by the company during its QR release. The only factor that interest me the most was in the Easing Supplies - Rising Average Selling Prices - Easing Material Costs. As for the technical, above 1.00 is assured since fundamental has strong price-in effect.

I was surprised by how far it went in such an expansive mood. Wow, I really wonder if it has the rally strength to break 1.0 today (If it doesn't expect below 0.80cts soon). The algorithm projected a strength of 128% above 1.0, I am not a doubter.