Highlights
KLSE: CAREPLS (0163)       CAREPLUS GROUP BHD ACE : Health Care
Last Price Today's Change   Day's Range   Trading Volume
0.135   +0.005 (3.85%)  0.13 - 0.135  208,500
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Overview

Market Cap: 72 Million
NOSH: 531 Million
Avg Volume (4 weeks):218,457
4 Weeks Range:0.13 - 0.15
4 Weeks Price Volatility (%):
25.00%
52 Weeks Range:0.13 - 0.23
52 Weeks Price Volatility (%):
5.00%
Average Price Target: 0.56
Price Target Upside/Downside: +0.425

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2019 [#3]  |  06-Nov-2019
Next QR | Est. Ann. Date: 31-Dec-2019  |  26-Feb-2020
T4Q P/E | EY: -8.73  |  -11.46%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.1795  |  0.75
T4Q NP Margin | ROE: -2.55%  |  -8.62%

Headlines

Date Subject
07-Nov-2019 PublicInvest Research Headlines - 7 Nov 2019
11-Oct-2019 PublicInvest Research Headlines - 11 Oct 2019
11-Oct-2019 Mplus Market Pulse - Staging A Mild Rebound
03-Jan-2019 Trading Stocks - Careplus Group
22-Nov-2018 Technical Analysis - Careplus Group

Business Background

Careplus Group Bhd is involved in the manufacturing, processing, and trading of gloves. The company’s product consists of Latex exam gloves, Nitrile exam gloves, and Surgical gloves. Its latex exam gloves are used in the medical examinations and procedures, diagnostic procedures by the dentist, laboratory practices and for food handling practices. The Nitrile exam gloves are generally used in laboratory practices and automotive industry. Surgical gloves are designed specifically for precise medical and surgical applications. The company markets its product under the brand Rubber care and Guardian. Its manufacturing activities are operated only in Malaysia.
Analyze this stock with MQ Trader system

  6 people like this.
 
martinbartesque I think investors would like to see d next Q4 18 earning result in end Feb 19 first b4 buy n push it up.
14/12/2018 7:41 AM
leong87654321 If the result is good, price will not drop to 0.18 sen. No hope !!!!!!!
27/12/2018 9:34 PM
martinbartesque Suddenly big volume comes....
31/12/2018 3:59 PM
cheshirecat Hi martin ! Keep update us. Mine stuck at long long time ago 0.495.
01/01/2019 1:11 PM
commonsense I was surprise to hear that Careplus, a glove manufacturing company could deliver losses to its shareholders when its other peers keep delivering record profit to theirs. After further verification, I notice that a big portion of the profit is given back to the Non-Controlling Shareholders (NCI). The Company has 4 main subsidiaries, Careplus (M) Sdn Bhd, Rubbercare Protection Products Sdn Bhd, Masterclean Technologies Sdn Bhd and Careglove Global Sdn Bhd. All are 100% owned by the company except for Careglove Global which is only 50% owned.

The issue with the company is that the main contributor of profit comes from Careglove with the other 3 fully owned companies delivering a combined loss to the group. For 9m18, total group profit is around RM4.8mil of which Careglove delivered a total profit of RM9mil while the other 3 fully owned companies deliver a total loss of RM4.3mil. This is why the profit to shareholder is only RM260k for the period of between Jan to Sept 2018. Until the company managed to turnaround the 3 subsidiaries, investors would most probably end up with very small profit (or even losses) in the near future (given that half of the profit from Careglove will need to be return back to the NCI).

In term of business outlook, the company is relatively small compared to the other main glove manufacturers. Careplus has only an output of 4bil pieces annually vs Kossan (smallest among the top 4) of around 25bil pieces annually. With the small capacity there is a limit to the type of clients that the company can approach mainly due to its higher per unit cost compared to other bigger players, which limit the company’s ability to compete on pricing.

In terms of financials, investors will most probably end up with very minimal profit from the company due to the loss-making subsidiaries. Any growth in FY19 will be limited given that all the big players are expected to bring in new capacity supply this year (almost 20bil pieces per year of new capacity combined). There will be more intense competition in terms of pricing to attract new customers to fill in their now bigger capacity and in general the one that usually lose out are the smaller players like Careplus.

If you are looking to diversify your portfolio outside of Careplus (due to its earnings uncertainties and bleak growth outlook) I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.9x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

FY19 growth will be driven by the still high demand of the new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. The recent announcement of closure and potential disposal of the loss-making alloy wheel manufacturing business alone is expected to boost the company’s profit by an additional RM20mil. I am projecting a profit to shareholder of RM170 mil for FY19 which at the current price values MBMR at only 5.9x PE.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analysts is around RM3.50.

Good luck.
30/01/2019 11:25 AM
martinbartesque Carepls form new JV
11/02/2019 7:42 PM
Miamia2355 JV IS?
11/02/2019 10:27 PM
martinbartesque Joint venture. Pls check its announcement
12/02/2019 7:47 AM
Miamia2355 Can share the link? I can't find. Thx
12/02/2019 10:42 AM
thinkfirst CAREPLUS GROUP BERHAD (“CAREPLUS” OR “THE COMPANY”)
- RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE AND/OR TRADING
NATURE
1. INTRODUCTION
The Board of Directors of Careplus (“Board”) wishes to announce that Careglove Global Sdn. Bhd. (“Careglove”), a 50% plus 1 share-owned subsidiary of Careplus had entered into recurrent related party transactions of a revenue and/or trading nature (“RRPT”) with the group of companies of Descarpack Descartaveis do Brasil Ltda. (“Descarpack”) (“Descarpack Group”).
2. INFORMATION ON CAREGLOVE AND DESCARPACK
2.1 Information on Careglove
Careglove was incorporated in Malaysia on 24 February 2011 as a private limited company. It was initially a wholly-owned subsidiary of Careplus. Subsequent to the completion of the joint venture arrangement between Careplus and Descarpack on 7 September 2011 (“JV Arrangement”), which was approved by the shareholders of Careplus on 25 July 2011, Careglove became a 50% plus 1 share-owned subsidiary of Careplus, while the remaining 50% less 1 share in Careglove was held by Descarpack.
On 9 November 2016, Descarpack had transferred its entire shareholdings (50% less 1 share) in Careglove comprising 317,122 ordinary shares to AJJ Holding Inc. (“AJJ”).
Following the above transfer on 9 November 2016, Descarpack ceased to be a shareholder in Careglove, and the shareholdings of Careplus and AJJ in Careglove have then changed to the following proportions:
CAREPLUS - 317,124 shares (50% + 1 share) AJJ - 317,122 shares (50% - 1 share)
AJJ is a company owned by Descarpack’s ultimate controlling shareholder, Mr. Renato Silveira Joiozo, who is also a Director of Careglove.
Careglove is principally involved in manufacturing of rubber gloves.
As at the date of this announcement, the issued share capital of Careglove is RM634,246 comprising 634,246 ordinary shares. The Board of Directors of Careglove is as follows:
(a) Lim Kwee Shyan
(b) Loo Teck Looi
(c) Renato Silveira Joiozo
2.2 Information of Descarpack
Descarpack was incorporated in Brazil in 1990 under the laws of Brazil, which started off in selling disposable products to hospitals, for the protection of health professionals. In the following year, the first product of the company, namely Descarpack waste collecting container for perforating/cutting material, was introduced in the Brazilian market.
The waste collector consolidated the Descarpack trademark has been used in all large and renewed hospitals, such as the Hospital das Clínicas, Hospital Sírio Libenês, Hospital Alemão Oswaldo Cruz, Incor-Instituto do Coracão, Instituto do Câncer and 25,000 other hospitals in Brazil.
Page 1 of 3
Today, Descarpack Group’s products include perforating/cutting collector container, surgical procedure gloves, disposable pleated caps, disposable caps, disposable shoe covers, disposable and surgical gowns, surgical field cloth, sterilisation packaging material, rigid collectors for chemotherapy, toxic and perforating-cutting material and disposable syringes, with or without needles. With Descarpack Group’s established partnership with large distributors of hospital materials in the market, its products are sold not only within the Brazilian territory, and some countries of South America.
The authorised share capital of Descarpack is BRL1,000,000 (equivalent to approximately RM 1,090,000) comprising 10,000 ordinary shares of BRL100 each, all of which have been issued and fully paid-up. Descarpack is a 99%-owned subsidiary of Reansi Empreenmentos e Participacoes S.A. (“Reansi”), an investment holding company which is controlled by Renato Silveira Joiozo and family. The directors of Descarpack are Simone Joiozo Silveira Lima and Maria Helena Silveira.
(Source: The management of Descarpack)
3. RELATED PARTY AND NATURE OF RRPT
The details of the related party and the nature and details of RRPT for the period from 1 January 2019 to 31 December 2019 are tabulated as follows:
Nature of transaction
Transacting party
Interested related party
Nature of relationship
(Estimated) (1) / Transacted aggregate value(RM’000)
From 1 January 2019 to 31 December 2019
Selling of rubber gloves
Descarpack Group
Interested director of Careglove: Renato Silveira Joiozo
Renato Silveira Joiozo is a director of Careglove and an indirect shareholder of Descarpack through his and his family interests in Reansi, a holding company of Descarpack
212,000
Note:
(1) The actual transaction amounts are subjected to the selling prices of the gloves, which
will be significantly impacted by the natural rubber latex prices, which is a world commodity.
4. RATIONALE FOR THE RRPT
The RRPT entered into by Careglove are of revenue or trading nature which are necessary for the day-to-day operations and within the ordinary course of business of Careplus and its group of companies (“Careplus Group”). The RRPT have been entered into on arm’s length basis and undertaken at the prevailing prices and market rates w
12/02/2019 4:12 PM
martinbartesque For me, this JV doesn't benefit carepls a lot.
12/02/2019 4:23 PM
SuperPanda i was trading this counter when price at 30c plus2, now monitor to go in back.. for the JV, you can ask in the next agm... but if mgmt are good (which i hve no idea), for sure any exercise is to increase compny position..
12/02/2019 6:19 PM
SuperPanda some bad mgmt use JV and corporate exercise platform to make them rich but not to shareholders
12/02/2019 6:20 PM
SuperPanda queue buy .195
13/02/2019 9:24 AM
SuperPanda matched .195 keep for next 2 quarters
13/02/2019 3:15 PM
Bullhunter time to catch up with other glovemakers that haven risen so much..
13/02/2019 3:39 PM
SuperPanda bet for next 2 consecutive qtr with profit report, then can see 30c coming
13/02/2019 9:47 PM
Bullhunter All the glove counters have moved up except carepls,... next ?
19/02/2019 9:31 AM
Miamia2355 Always happen.... Just only careplus can't move
19/02/2019 12:08 PM
SuperPanda bad result, may drop to 17-18c bck tomorrow.. this cmpny made more loss than profit.. no idea how they run business
26/02/2019 9:53 PM
leong87654321 Company lost money, shareholders also lost money. Do not know when can sell !!!!!!!
27/02/2019 8:21 PM
joni stay tune for technical rebound
19/03/2019 2:49 PM
kh_1986 i was working for careplus as warehouse exec,i quit after 1 year,no bonus,bad management,those management level staff are old minded,and those juniors lacking of training,overbuy those chemicals and endup throw away,then glove quanlity are bad.
thats why you can see the price keep dropping,and their boss using the investors money and invest them into joint venture company (careglove)
20/03/2019 4:00 PM
Miamia2355 Thx ur information... Really sad to heard tat
21/03/2019 3:59 PM
5354_ 16 sen not bec poor managemnt?
22/03/2019 4:18 PM
Ron90 wah..loong not checking this counter..already drop this much ah?..hemm.
23/03/2019 11:39 AM
kh_1986 stock price will go up,if management fire those old minded apek in careplus,taking 5 digits of salaries monthly,do ntg ,wasting investors money
25/03/2019 9:35 AM
anonimo The Top Management shall resign due to continuous losses to the company. I don't understand why other players are making profit except Careplus.
06/04/2019 11:01 AM
kh_1986 they won't resign,those top management are relative of CEO :)
11/04/2019 1:05 PM
leong87654321 Top management won't resign, but directors should restructure company profile. Reason company is not advancing, should take positive steps and turn CAREPLS around. Shareholders are loosing daily.
22/04/2019 8:10 PM
anonimo What minor Shareholders can do if the directors (whose also the Top management) don't take action on it. Major shareholders are Directors and their relatives as well.
23/04/2019 10:18 AM
redredbear Gone
23/04/2019 11:21 PM
redredbear Better catch up fast
23/04/2019 11:22 PM
leong87654321 Salted fish oredi!!! How to swim n catch up?
01/05/2019 8:03 PM
kh_1986 company will close down soon
03/05/2019 2:14 PM
anonimo Lets voice out in the coming AGM.
17/05/2019 3:45 PM
leong87654321 Cannot reach my TP. A long way to go. Sigh!!!!!
11/06/2019 9:37 AM
redredbear Is this company closing shop very soon ?
23/07/2019 1:00 PM
redredbear I heard they expanded a lot on their capacity last two years ... May be no orders and no business ?
23/07/2019 1:01 PM
Jasonlow https://www.malaysiastock.biz/GetReport.aspx?file=2019/8/23/0163%20-%201721477990858.pdf&name=Careplus%20-%20Q2%20Jun%202019.pdf
24/08/2019 5:44 AM
carilembu historic low - hari ini dalam sejarah - good time to enter?
10/09/2019 1:00 PM
123456 Carepls 96996
18/09/2019 11:01 AM
kh_1986 company close in 3....2.....1
02/10/2019 11:32 AM
anonimo TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS CAREPLUS GROUP BERHAD ("CAREPLUS" OR THE "COMPANY") PROPOSED ACQUISITION BY CAREPLUS OF THE REMAINING 317,122 ORDINARY SHARES IN CAREGLOVE GLOBAL SDN BHD ("CAREGLOVE") ("CAREGLOVE SHARE(S)") NOT ALREADY HELD BY CAREPLUS, REPRESENTING APPROXIMATELY 49.9998% OF THE TOTAL NUMBER OF ISSUED CAREGLOVE SHARES FOR A CASH CONSIDERATION OF APPROXIMATELY RM24.0 MILLION ("PROPOSED ACQUISITION")
15/10/2019 1:43 PM
carilembu signs of better QR
21/10/2019 4:03 PM
123456 On the way 20 sen
21/10/2019 10:32 PM
carilembu slow n steady from historic low
22/10/2019 11:44 AM
kh_1986 heard company will be closed down middle of 2020,now looking for JV and buyer
01/11/2019 1:58 PM
Tripaka Better Qr? Must be joking...
06/11/2019 10:29 PM
miker Losses widened, better sell to other profitable glove company...
06/11/2019 11:13 PM


 

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