$TOP GLOVE CORPORATION BHD(BVA.SI)$The price hit the new 52-week low recently, as low as S$0.75. On the other hand, the new potential IPO in HK proposed up to US$545 million for up to 793.5 million new shares, or 9 per cent of its enlarged issued share capital, quoted from Yahoo on 29 Oct. Whether approved or not, this translates into an estimate of S$0.92 issuing price, or at least the price Top Glove believes it's worthwhile by and large. Nevertheless the realty is ruthless. With no more generous endorsement of institution, it's sinking relunctantly yet steadily, towards comparablely that before covid, between 0.6 and 0.7, despite its escalated assets.
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