Top Glove is issuing 2 for 1 bonus shares. Is it for SGX or Bursa? Also, after the bonus issue, will the price generally drop?

I think nobody can predict where the marker will go to. Drop or not, its all just speculation.

But the current P/E ratio for top glove is sitting at 134 at the moment. For a growth stock it makes a lot of sense. But I think we shouldnt view top glove as a growth stock.

Paying for a stock at 134 multiple is prettty expensive. Industry average

Companies who are the competitor of top glove is trading at P/E of 26 at the moment so paying for a stock at P/E of 134 is pricey in my opinion.​​​