Due to the Covid 19 pandemic, the demand for glove far exceeds supply. As a result, all the glove makers can easily increase their selling prices to make more and more profit.
Hartalega just announced its 3rd quarter ending December EPS 29.31 sen. Its previous ending quarter ending September EPS was 15.95, QoQ 83.8% and RoE 24.02%. Its share price shot up 68 sen to close at Rm 13.00 per share.
Hartalega’s record profit should lead the way for Supermax.
Supermax’s 1st quarter ending September EPS 30.58 sen. Its previous quarter ending June EPS was 15.19 sen, QoQ 98% and RoE 37.3%. Share price shot up 47 sen to close at Rm 7.00.
Assuming Supermax’s profit for 2nd quarter ending December goes up proportionally like Hartalega, EPS should be about 50 sen.
Hartalega EPS 29.31 sen and closing price is Rm 13.00
Supermax EPS 50 sen and closing price is Rm 7.00 which is very much undervalued.
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Marketsifu
Today glove up not because of glove good or up trend or because of Harga QR. All because of most of the stock is drop, people sell their stock & hedge with glove. Since the govt already announced NO MCO (LOCK DOWN) tomorrow confirmed all rebound stock, Bank sectors, Tech & Others stock confirmed will gap up. DO YOU THINK PEOPLE STILL HOLD GLOVE SINCE OTHER STOCK REBOUND???? Come on UNCLE, be a smart investors.
Tomorrow continue goreng penny stock rather than holding downtrend glove. Glove only one day show. Even I'm new investor but I don't see tomorrow people will buy glove.
2021-01-26 00:03