Highlights
KLSE: CAREPLS (0163)       CAREPLUS GROUP BHD ACE : Health Care
Last Price Today's Change   Day's Range   Trading Volume
0.195   -0.005 (2.50%)  0.195 - 0.20  441,500
Analyze this stock with MQ Trader system

Overview

Market Cap: 104 Million
NOSH: 532 Million
Avg Volume (4 weeks):340,641
4 Weeks Range:0.185 - 0.20
4 Weeks Price Volatility (%):
66.67%
52 Weeks Range:0.185 - 0.30
52 Weeks Price Volatility (%):
8.70%
Average Price Target: 0.56
Price Target Upside/Downside: +0.365

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2018 [#3]  |  19-Nov-2018
Next QR | Est. Ann. Date: 31-Dec-2018  |  26-Feb-2019
T4Q P/E | EY: -185.34  |  -0.54%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.195  |  1.00
T4Q NP Margin | ROE: 1.18%  |  -0.54%

Headlines

Date Subject
03-Jan-2019 Trading Stocks - Careplus Group
22-Nov-2018 Technical Analysis - Careplus Group
03-Jul-2018 Technical Buy: CAREPLS (0163)

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.
Trade this stock with T+7 trading account. Find out more.

  6 people like this.
 
SHQuah Most of the stocks down today, Careplus still good.
13/08/2018 19:49
kasrim its time to enter
14/08/2018 10:09
*Sincere_Analyst*(The Best Analyst) this counter can consider. don't all in, reserve 50% of fund for it to break below new low for final collection.
16/08/2018 09:33
Gylan @sincere_analyst, I follow your post everyday. Thanks for your advise.
16/08/2018 11:49
leong87654321 Shareholders wil invest happily, if dividen is declare.
16/08/2018 15:18
*Sincere_Analyst*(The Best Analyst) Will be good if can drop more, 22 cents at least for me to collect more. I’m waiting patiently.
24/08/2018 14:20
*Sincere_Analyst*(The Best Analyst) Supermax incident will drive the stock price of carepls
25/08/2018 09:37
lewwkk @sincere_analyst Supermax office on fire, drive care pls stock price? Where is your data analysis?
26/08/2018 01:19
lewwkk @sincere_analyst analyst! Pui!
sincere_analyst=sincere talk cock lah!
26/08/2018 01:21
leong87654321 Carepls going below 0.20 soon. No hope. Zzzzzzzz
03/09/2018 10:34
Jasper Coo It is time to move..yeah..profit is real ! HAHAHA
03/09/2018 10:43
leong87654321 Hope so !!!!!! Boss is very stingy. Forgotten taking care shareholders.
03/09/2018 10:49
Lim Tek Wai Looks good to buy,profit incoming.....
03/09/2018 10:52
123456 这公司好吗
04/09/2018 09:40
Miamia2355 The price getting dropping.... Really omg
05/09/2018 14:37
Jasper Coo Good profit, able to buy more nasi lemak already hehehe
18/09/2018 11:35
MirageHotelPD USD up, more potential markets, US-China trade war, new US regulation and new factory ready soon. Guess the stock found bottom price at 0.205 with these good news. The boss start buying at 0.21. http://www.bursamalaysia.com/market/listed-companies/company-announcements/5917525http://www.bursamalaysia.com/market/listed-companies/company-announcements/5917569
26/09/2018 00:06
*Sincere_Analyst*(The Best Analyst) Who is the one that ask you switch from lousy supermx to this counter before the huge dip? Is me sincere analyst !! Now earning super huge profit from it and others jealous. Hahaha... hold tight !!!!
26/09/2018 15:54
TakeProfits Lai lai, lai leow...hehe
27/09/2018 21:55
123456 Good
28/09/2018 15:19
MirageHotelPD Since holding so long, just be patient for another 1 1/2 month. Wait for the coming quarterly result in end Nov. Then you will know still can hold or not..
05/10/2018 10:50
cheshirecat Hi martin! Ya lo i aso stuck at 0.49. Scare aridy. I no more believe in chart. The chart perfect good tomoro boat capsize. I stuck rm20,000. Last rally stop at 0.43. I no eye see. Wat to do? Wait like sami for nxt cycle glove play.
05/10/2018 12:14
Miamia2355 Same like urs.... Really dunno need hold how long.... Sad
07/10/2018 22:30
leong87654321 Don't know chinese. More voice then only the director take action. No capital gains and dividend. Hold oso no use. Better sell, will go down to 0.10 soon.
08/10/2018 21:35
stephyclq very good qr from new customers and result from expansion finally!!
19/11/2018 22:06
*Sincere_Analyst*(The Best Analyst) who is the one that ask you to collect all the way ? is me sincere analyst. now only you want to chase? Sold supermax at peak 4.30 and buy careplus 22 cents and below, now 23 cents, easily earn 20% at least.
21/11/2018 18:10
Sniper86 Sincere Analyst, dont yaya papaya lah...if the QR wasnt a green one, u would disappear by now
21/11/2018 22:04
*Sincere_Analyst*(The Best Analyst) Are you a lazy freak ? Just scroll up and read my past comment, lazy pig
21/11/2018 22:22
Sniper86 sohai pig...sendiri ckp sendiri syiok...sendiri puji sendiri...hahaha sohai pig
28/11/2018 23:27
Sniper86 sohai pig...sendiri ckp sendiri syiok...sendiri puji sendiri...hahaha sohai pig
28/11/2018 23:28
leong87654321 If everyday can increase by 0.005 sen, we can see the result. Problelm is prlce is more or less stagnant!!!
13/12/2018 20:30
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 07:41
leong87654321 If the result is good, price will not drop to 0.18 sen. No hope !!!!!!!
27/12/2018 21:34
martinbartesque Suddenly big volume comes....
31/12/2018 15:59
cheshirecat Hi martin ! Keep update us. Mine stuck at long long time ago 0.495.
01/01/2019 13:11
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
martinbartesque Carepls form new JV
11/02/2019 19:42
Miamia2355 JV IS?
11/02/2019 22:27
martinbartesque Joint venture. Pls check its announcement
12/02/2019 07:47
Miamia2355 Can share the link? I can't find. Thx
12/02/2019 10:42
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 16:12
martinbartesque For me, this JV doesn't benefit carepls a lot.
12/02/2019 16:23
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 18:19
SuperPanda some bad mgmt use JV and corporate exercise platform to make them rich but not to shareholders
12/02/2019 18:20
SuperPanda queue buy .195
13/02/2019 09:24
SuperPanda matched .195 keep for next 2 quarters
13/02/2019 15:15
Bullhunter time to catch up with other glovemakers that haven risen so much..
13/02/2019 15:39
SuperPanda bet for next 2 consecutive qtr with profit report, then can see 30c coming
13/02/2019 21:47
Bullhunter All the glove counters have moved up except carepls,... next ?
19/02/2019 09:31
Miamia2355 Always happen.... Just only careplus can't move
19/02/2019 12:08


FEATURED EVENT
 

324  458  490  595 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 SAPNRG 0.315-0.01 
 IWCITY 0.63+0.04 
 AAX 0.26-0.03 
 VS 0.985-0.035 
 HSI-C3W 0.485+0.045 
 DAYANG 0.795+0.005 
 SAPNRG-WA 0.1050.00 
 BARAKAH 0.10-0.02 
 HSI-H4Y 0.135-0.03 
 DNEX 0.3250.00 

SPONSORED POSTS

1. Investment Bloggers Day 2019 MQ Trader Announcement!
2. Investment Bloggers Day - Get your sponsored ticket from MQ Trader today! MQ Trader Announcement!

TOP ARTICLES

1. Dayang Will Fly on Monday - Koon Yew Yin , Calvin Tan Comments (Please post comments here & contribute your ideas) THE INVESTMENT APPROACH OF CALVIN TAN
2. Dayang Will Fly on Monday - Koon Yew Yin Koon Yew Yin's Blog
3. Tony Fernandes: This will be best year for Airasia. New platform business will grow ancillary Good Articles to Share
4. [SELL] Carimin - Exposing KYY's Nonsense Real Talk
5. FPI - Earnings dragged by higher operating cost (HLIB maintain BUY rating with TP of RM2.22) FPI 2大因素前景看好台灣聯友今年再 尋突破
6. Investment Psychology is Indispensable - Koon Yew Yin Koon Yew Yin's Blog
7. QL RESOURCES VERSUS DIALOG GROUP (Compare Price Chart & 5 Years EPS) Calvin Tan Research THE INVESTMENT APPROACH OF CALVIN TAN
8. AAX - 2019 IS A STEP CLOSER TO THE BIG FAT MEAT? - YiStock AIRASIA X
Partners & Brokers