Top Glove Gets Top Recommendations!

Published on Star Business: More upside for Top Glove

• KUALA LUMPUR: HwangDBS Vickers Research sees more upside for Top Glove and is maintaining a buy call on the stock with a price target to RM4.70, based on 10 times price to earnings for 2009.
  
  “We like the stock for its visible earnings, good dividend track record and attractive valuation. Top Glove is currently trading at one-year forward PE of 8.9 times and price-to-book of 1.6 times, which are near its historic lows,” it said.
  
  However, the research house said its share price performance, however, could be muted in the short term by the recent rally (up 22% since the start of the year). ( read rest here )

The blue bold highlight says it all for me.

The stock is up a lot - yes a lot and you really need to consider the global market environment, yes?

Have a look. Here's where we are!

Aren't we at a rather lofty high position now?

And amazingly HwangDBS buy price target of rm4.70 is rather lowish!

Yes rather lowish! LOL!

Kid you not.

In today's research reports, I note that OSK has the price target at rm 5.05, CIMB has it at 5.40 and RHB tops it with 5.50.

How?

Would you like to go for the buy high, seeker higher investment strategy?

Me?

I do not rate Top Glove at all. Search for postings on my blog on Top Glove and you would understand why. :D