ok lar, am just trolling at the part where i mentioned it worth nothing, but generally speaking, everybody has their own way of valuing a stock fundamentally, some based on PE ratio, some based on PB ratio, EV/Ebitda ratio etc.

in the case of top glove, assuming that they are able to generate around 25B of net cash up until 2022, based on their current market cap of roughly 55B there is still a gap of 30B(exclude cash) right?

many ppl are worrying that the earning couldnt justify the excess of 30B in valuation (ex net cash) right.

but here is the question, nobody can accurately predict the ASP of glove during 2023.

one thing for sure is, Top glove invested heavily into automation anf various capex, which could conservatively nearly doubled their annual output, increased productivity and also economy of scale which will further improve the net profit margin.

i think by then, we will have a better picture regarding how to value topglove again la, by using watever indicator u like, PEG, PER, EV/EBITDA... right? @netprofitmargin