Highlights
KLSE: CAREPLS (0163)       CAREPLUS GROUP BHD ACE : Health Care
Last Price Today's Change   Day's Range   Trading Volume
1.63   +0.09 (5.84%)  1.56 - 1.80  192,580,800
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  16 people like this.
 
Cwscws Then Adventa no glove business. 13M revenue 1M profit , future don't know where. No reliable partner , syiok sendiri. Do limit up
05/06/2020 11:28 PM
Grova1 Production 2019 - 3.45 billion at 83% utilisation rate.
In 2019, Careplus owns 27 production lines which can produce 4.14 billion at full capacity.
On average, one production line can produce 153 million gloves.
Revenue 2019 is RM 365 million with the production of 3.45 billion gloves.
On average, Careplus makes RM 0.106 per glove. In 2020, Careplus adds 9 production lines. So, the capacity becomes 5.51 billion gloves. We assume that Careplus runs at its 100% capacity, it will make RM 584 million revenue in FY2020. The gross profit margin in 2019 is 2.17%. Considering the improvement of efficiencies, average selling price and costs of raw materials, I assume that the gross profit margin in FY2020 is 3.5%. So, the gross profit in FY 2020 is RM 20.4 million. Assume that the tax is 30%, the profit after tax for FY 2020 is RM 14.3 million. Careplus has NOSH of 543 million. So, the projected EPS is RM 0.03. Let's say the projected PER for 2020 is 60X, the projected share price is RM 1.80.

I'm a newbie. Can any sifu tell me if this calculation acceptable?
05/06/2020 11:29 PM
BullRun_93 finally 4 years later a special gift $0.005 for supporters......congrats! lol
05/06/2020 11:31 PM
nicloras1234 Simple, Ansell not stupid haha
05/06/2020 11:36 PM
maktua37 only 1m profit then RM1.63

what a joke!!!

hahahahaha
05/06/2020 11:39 PM
lsyiat Haha, Careplus shareholders are optimistic on qr result
05/06/2020 11:40 PM
Newbieinshare this company director is sozai... QR good why go throw his share at 1.3
really no idea
05/06/2020 11:41 PM
Newbieinshare may be the director think.... hmmm... my QR is good but may be not good enough
05/06/2020 11:42 PM
Cwscws So we assume Ansell blindly joint venture to buy up empty space to make glove. So got funds buy Rubberex or Adventa. Ansell don't know how to do business. Find an Ace to hit jackpot. Why not took a Joker. Can turn into any cards. Sure win. Ansell find a company that not doing business but sell empty land to joint venture.
05/06/2020 11:43 PM
Ron90 profit margin only 1 %...the lowest in glove industry.! .. Comfor and Rubberex gave 7% profit margin.

With only EPS 0.21 per quarter, if PE 30 baru 25 cents, and even 50 PE pun baru 42 cents!! ... Careeplus should produce $6-7 million profits, that could bring up its EPS and justify the price above $1.00
05/06/2020 11:44 PM
stockist888 very deep meaning
05/06/2020 11:45 PM
kitkat if you still in doubt, please go and google about Ansell..
do your homework, dont just simply trust anyone.
05/06/2020 11:45 PM
Cwscws So meaning K+ not worth to join Ansell or vice versa.
So not worth limit up. But limit down.
05/06/2020 11:46 PM
trade_invest come liao come liao..complain director complain 1m+ only...more to come...
05/06/2020 11:49 PM
Cwscws From what I see. None of them worth of their price justification. So Rubberex worth rm7, Comfort rm9, Top Glove rm23
It is all investor perception. Shall they think it can bring future and worth that much. They buy . That all
05/06/2020 11:50 PM
Mk Jr Olin. hahahahh
05/06/2020 11:51 PM
Mk Jr careplus rubbish qtr report.
05/06/2020 11:51 PM
stockist888 my english very bad, what argument is that ?
05/06/2020 11:52 PM
Mk Jr ppl tend to compare careplus with Supermax. dumb dumb hold method. but they are holding dumb stock actually
05/06/2020 11:53 PM
trade_invest a group of "expert" want to cheat you to sell at low price so they can buy at low price to buy bmw and mercedes
05/06/2020 11:53 PM
Cwscws Ron90. They is no justification as perfect. Then, Adventa how. No solid business, sold gloves subsidiary to Top Glove, no reliable partner. Justify limit up ? Rm2++ now. Better tell reporter that sourcing a glove company to buy in. Better stories
05/06/2020 11:54 PM
stockist888 healthy debate is good
05/06/2020 11:54 PM
stockist888 nay i know who is so stupid to compare K+ to Spmax ??
05/06/2020 11:55 PM
blood7 something might or can be really wrong here.... btw did anyone or shareholders check the annual reports to see why quarter after quarter, year after year the profit are so low or even loses.... is there efficiency issues? are they spending too much? like on what? or did the directors overpaid themselves?
05/06/2020 11:56 PM
stockist888 Why K+ is dumb stock ? Then what r u dooing here ??
05/06/2020 11:56 PM
Mk Jr not to forget. 85mil short term debt. hahaha. cash only 6.6mil.
05/06/2020 11:56 PM
maktua37 PE : 194

Sohai just all in haha
05/06/2020 11:57 PM
Mk Jr we won't buy lower. sorry. just can't buy this trash hahah
05/06/2020 11:57 PM
GloveMaker RM1.63 price per share only make 1 mil net profit this quarter. really joke
05/06/2020 11:57 PM
dreams_forever3 This qr result.... ASP monthly was increasing and their revenue for 1st QR only earn 1M????
anyway tuesday continue goreng goreng to RM2 UPUPUP
05/06/2020 11:57 PM
stockist888 it takes a very dumb person to want to waste time to comment on a stock that he thinks is dumb
05/06/2020 11:58 PM
Mk Jr joke of the day right guys. hahahah. those buying sure got no fundamental skill at all la. use the feeling to buy only
05/06/2020 11:58 PM
Cwscws Then we see who got better logic , who orland or orlin.
05/06/2020 11:58 PM
maktua37 Now 0.6 also don't know got ppl want or not

Memang sohai ppl
Report also dont know how to see
05/06/2020 11:58 PM
GloveMaker somemore give you half cent dividend. buy zap fan also not enough..hahahaha
05/06/2020 11:58 PM
Stocks888 Careplus

我们的操作不受2020年3月18日生效的《运动控制命令》或MCO的影响。 工作场所的所有生产工人和员工以及外国工人的宿舍。 在大流行期间,平均售价飙升。 本集团预计未来几个季度将取得积极的业绩。 业务前景仍然良好。
05/06/2020 11:59 PM
Cwscws Then don't comment. Look for better zap fan shop
06/06/2020 12:00 AM
maktua37 let's see careplus lead the bloody drop on Tuesday !!!

Can't wait for the show
Those buy high really sohai liao this time

hahahahahha

Gratz to those who no buy!!!
06/06/2020 12:00 AM
blood7 hi Grova1,
PER 2020 60x.... don't you think a bit high? like some people say, you might not want to compare small players to the big 4.... you expecting them to double their PAT to RM28.6m when they reporting just a million per quarter?



Posted by Grova1 > Jun 5, 2020 11:29 PM | Report Abuse

Production 2019 - 3.45 billion at 83% utilisation rate.
In 2019, Careplus owns 27 production lines which can produce 4.14 billion at full capacity.
On average, one production line can produce 153 million gloves.
Revenue 2019 is RM 365 million with the production of 3.45 billion gloves.
On average, Careplus makes RM 0.106 per glove. In 2020, Careplus adds 9 production lines. So, the capacity becomes 5.51 billion gloves. We assume that Careplus runs at its 100% capacity, it will make RM 584 million revenue in FY2020. The gross profit margin in 2019 is 2.17%. Considering the improvement of efficiencies, average selling price and costs of raw materials, I assume that the gross profit margin in FY2020 is 3.5%. So, the gross profit in FY 2020 is RM 20.4 million. Assume that the tax is 30%, the profit after tax for FY 2020 is RM 14.3 million. Careplus has NOSH of 543 million. So, the projected EPS is RM 0.03. Let's say the projected PER for 2020 is 60X, the projected share price is RM 1.80.

I'm a newbie. Can any sifu tell me if this calculation acceptable?
06/06/2020 12:00 AM
Cwscws Sohai then go to sleep. Don't do valuation for people
06/06/2020 12:00 AM
Bigwet Come on guys. Look at how high is their cost of good sale. NP only 1.09% what a joke?? High production capacity and revenue so what?? Earning is like shit and you pay so much to buy a share that give you shit profit like this. Ridiculous!
06/06/2020 12:01 AM
Ron90 no more limit up or limit down argument la..result already out...do your own calculation and compare with other glove counters. Just get yourself ready for Thursday morning bell.

I still own Careplus shares but Limit up or down pun no problem coz i already pocketed most of profits from this counter..keeping small amount only...

for me la..LIMIT-UP up we can always kejar, it will take minutes to fly ... but when LIMIT-DOWN ..it can happen in seconds and you may be caught with your pants down.
06/06/2020 12:01 AM
wesley_gold Do not blindly look on special dividend declared or due to glove trend, need to look on whether with such quarter result worthy for RM1.63 or not...
06/06/2020 12:01 AM
GloveMaker selling glove during pandemic only earn 1mil really zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
06/06/2020 12:03 AM
maktua37 Next QR even earn 10m also not worth RM1.63 ah

Congrat to newbie!!!
Let U all loss 99 this time!!
06/06/2020 12:05 AM
OKU_2020 U.S. already produced 2 million vaccine doses, Trump says
11:37 a.m. ET — The U.S. produced 2 million coronavirus vaccine doses that are “ready to go” , President Donald Trump announced from the White House.
06/06/2020 12:05 AM
Hamster Lesson for newbies since many people open trading account through Rakuten during MCO:-

So lets make sense of this ... for newbies

EPS = 0.21 this quarter
For 4 Quarters say 0.21x4=0.84 which is RM0.0084

Current Price = RM 1.63 ....

So Price to Earning Ratio = RM1.63/RM0.0084 = 194.04 right.

So higher PE ratio is a lot better isn't ?

Say we take PE ratio of 500 which is supposed to be the case gloves counter.

means share price = 500 x RM0.0084 = RM4.20

Yay... Its gonna go up to RM4.20

Good luck ....

Btw
Here is the definition of PE Ratio taken from
https://www.youtube.com/watch?v=csy91a1iDKU&list=PLECECA66C0CE68B1...=4

For PE=194
means:
"For every RM194 I spend buying this stock, I should receive RM1 profit a year later"

for PE=500
means:
"For every RM500 I spend buying this stock, I should receive RM1 profit a year later"

for PE=10
means:
"For every RM10 I spend buying this stock, I should receive RM1 profit a year later"


Which one is better then??

ps.... I don't hold any Careplus share and don't intend to hold such shares... too chicken shi* to get my feet wet... I only believe in PE ratio between 8 to 15 only ... anything between 15-25 I consider very risky (got enter for "main tikam tikam").... So current 194 PE .... man ... my body will start shivering.....

My sifu is Peter Lim / KC Lau at Bursa Method ... go join his online class if you want to know more or go to Preston Pysh Youtube channel.
06/06/2020 12:06 AM
edwardkuah no need argue so much here,lets see thursday result lo,then we as the investors will diam diam jor~~~
06/06/2020 12:06 AM
wesley_gold give u 0.5 cent dividend, then wan u loss 30% (assuming limit down on tuesday) = belanja u a bubble tea for attraction, then slap 9 u 300 times u ok?
06/06/2020 12:07 AM
trade_invest thank you all the "expert" who advise us very sincerly with their long calculation and wise perception. we appreciate it and will dump all the stock to limit down the price.
06/06/2020 12:07 AM


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