Top glove producing ~90bil gloves per annum and priced at RM7+, with total shares of ~8bil
Salcon will produce 3bil gloves with total shares of ~1bil
Based on profit margin calculation,
(90bil ÷ 3bil) = 30 (TG is 30 times bigger producer)
RM7 ÷ 30 = RM0.233 (Salcon price for 8bil shares)
RM0.233 x 8 = RM1.84 (Salcon price for 1bil shares)
**just my 2 cent. No buy or sell call**