Top Glove will be releasing its results for the 1st quarter ended 30 Nov 2021 in a few days time.

The stock price dropped during the past few days. The investors probably expected poor results.

I studied the results for the past quarters.

The result for the 4Q 2021 (ended 30 Aug 2021) was bad. The revenue dropped by 50% and the earnings dropped by 80% compared to the previous quarter (3Q ended 30 May 2021).

I believe that the results for 4Q were badly affected by the ban imposed by the US customers. This ban had since been lifted. 

So, I expect the results for 1Q to be better. It may not be as good as 3Q but should be better than 4Q.

So, I expect the stock price to rebound. 

I have decided to buy more shares at the current price of $0.79.

Note - this is my personal view. I am not giving investment advice. 

Tan Kin Lian