This is a repost.

Careplus registered PAT of RM36.4 mil . However this figure is inclusive of a one-off profit of RM15.4 mil , hence the profit derived from glove manufacturing is RM21 mil. ( 36.4-15.4)

So EPS (less 1 off gain) for this quarter is RM21/540 shares= 3.8 sen per share.

Assuming a growth rate of 5% for the next 3 quarter, EPS for 4 Quarters would work out as follows-

Current Q 3.8
Next Q......4.0
Next Q......4.2
Next Q..... 4.4
-----------------------
Total EPS 16.4 sen for 4 Quarters.
-----------------------

EPS x PE = Price

16.4 x 20= RM3.28
16.4 x 25= RM4.10
16.4 x 30= RM4.92

Fair value based on PE of 30 would be RM4.92

This calculation is purely for sharing and is not a buy or sell call.

Thank you.

Careplus is consolidating, need to rest mah, after climbing from 1.50 to 3.00 in a matter of 5, 6 days. Once a base is formed it will continue climbing higher next week. Weak players will be flushed out in the meantime. TP or 4.0 is not a problem in the short term. The patient ones will be rewarded.
Happy investing folks. Cheers!

But to a lesser extent as HLT is not a pure Glove counter.

Yes, same prospect for HLT.

ARE YOU WITH GLOVES TODAY ?

WHY invest in GLOVES:-
People are shouting ASP, average selling price increases 2 folds, 3 folds ..... and what have you...
Every QR is simply incredible...

GLOVES have shown the unbelievable 1st super bull run in April-June 2020.
The 2nd super bull run is on the way now, July-September 2020.
Market is expecting this same exact pattern to repeat n duplicate in every Q up to July-September 2021.

Gloves ...................June20.High.Close........ Price.Now..... % UP

1st SUPERMX .............8.88 ............................19.00.......... +114%
2nd KOSSAN.............. 9.13............................. 17.30............. 89
3rd TOPGLOV.............17.08............................ 26.40............ 54
4th HARTA..................13.18............................ 19.90............. 51
5th CAREPLS ..............1.82............................ 2.98.............. 63
6th COMFORT............ 4.20........................... . 5.01................19

As inspired by market leader SUPERMX, all these stocks could up to 100% to even 200% .,.
You choose carefully ok

When everything else fails bring up the Vaccine news. How pathetic this Team Rocket. Really off their rockers.lol.

Hope they see a good psychiatrist.
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Posted by sunshine99 > Jul 28, 2020 12:53 PM | Report Abuse

Today team B all MC?

Glad, Mr OTB is still in the boat, congrats.

I'm afraid you have missed the bus Mr OTB.

Uncle KY says, less informed investors dare not buy Top Glove because it is selling above Rm 25 and they prefer to buy cheaper priced glove stocks namely, Supermax. LOL.

Privatisation just RM20? Mana ada cukup Bro.

Q4 result -RM688 mil. Results leaked.? Probably.

I feel its Supermax and Harta's turn to go ballistic. Just a warm up before it goes to the moon when Q4 is out.

Good to have you back Paktua. Hope all is well with you.

Probably later in the day.

HLT may follow Careplus by releasing early ( in a few days time) a good set of Quarterly earnings.
This explains the spike.

In with the popularity of glove sector now, HLT has good growth potential.

For FYE 2019, the rubber gloves segment posted a revenue of RM90.673 million.
The export market mainly consists of Taiwan, Southeast Asia, United States of America and Spain.

With the increase in ASP it profits will quantum leap. Assuming an eps of 1.75 cents per quarter, this will constitute a full years eps of 7 cents. taking a PE of just 20 would give them Rm 1.40 value!.

Just sharing, not a buy or sell call.

No worries air01557.
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Posted by air01557 > Jul 28, 2020 12:09 AM | Report Abuse

sorry Goldman cheers

HLT own 55% of a company which operates a manufacturing plant in Kuala Pilah and it has a total production capacity of about 1.1 billion pieces of gloves.

HLT has the exclusive right of the high density triple former holder assembly technology by teaming up with AF Solution Sdn Bhd. With the new technology, the company’s production could be increased by 30% to 50%, compared with the double former line. While operational cost and capital expenditure could be reduced by 20% to 30% by using this latest technology.

My pleasure TTDI, we have to keep investors here informed with the correct info.

By the way that guys is a genuine airhead. LOL
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Posted by TTD1990 > Jul 27, 2020 5:24 PM | Report Abuse

Goldberg, thank u for putting that airhead air011557 in his place. He just so sour gt no careplus shares, trying to scare ppl

Careplus ada 3 subsidiaries: rubberglove, carepls(jv with ansell), and careglove(now own 100% after bought back from brasil partner cheap in 2019)
About 85% profit contributed by careglove, so whether they own 50% or 100% of carepls(the jv company) will not have much effect on the coming profits
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Posted by air01557 > Jul 27, 2020 4:59 PM | Report Abuse

Next Q profit will only be half due to 50% sale to Ansell. Should drop from tomorrow.
Not sour grapes - facing reality

Projection with compliments- by staypositive- Figures looks pretty positive.
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Output: 6bil per QR = 6mil per 1000 pieces
ASP: USD 75 (Avg 3 months based on briefing sheet)

6mil * RM315 = RM 1.89 bil

Revenue: RM 1.89 bil
Cost: RM 500 mil (Add RM 100mil from previous QR)
PBT: RM 1.39 bil
PAT: RM 973 mil

If Careplus goes limit up today HLT may follow. Just monitor folks.

The way Careplus is moving today suggests it will go limit up later in the 2nd half.

Careplus registered PAT of RM36.4 mil . However this figure is inclusive of a one-off profit of RM15.4 mil , hence the profit derived from glove manufacturing is RM21 mil. ( 36.4-15.4)

So EPS (less 1 off gain) for this quarter is RM21/540 shares= 3.8 sen per share.

Assuming a growth rate of 5% for the next 3 quarter, EPS for 4 Quarters would work out as follows-

Current Q 3.8
Next Q......4.0
Next Q......4.2
Next Q..... 4.4
-----------------------
Total EPS 16.4 sen for 4 Quarters.
-----------------------

EPS x PE = Price

16.4 x 20= RM3.28
16.4 x 25= RM4.10
16.4 x 30= RM4.92

A conservative TP based on PE of 25 would be RM4.10

This calculation is purely for sharing and is not a buy or sell call.

Thank you.

X
You are absolutely Correct Karpai !
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Posted by karpai3 > Jul 27, 2020 7:48 AM | Report Abuse

3 subsidiaries: rubberglove, carepls(jv with ansell), and careglove(now own 100% after bought back from brasil partner cheap in 2019)
about 85% profit contributed by careglove, so whether they own 50% or 100% of carepls(the jv company) will not have much effect on the coming profits.
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Posted by Kimgold > Jul 27, 2020 7:56 AM | Report Abuse

Careplus profit is rm36 mill. Rm15 mill is from one off sale to Ansell. So left around rm21 to rm 22 mill. But next quarter 50% of profits will go to Ansell. So that leaves Careplus with only rm11 mill profits?

So this quarter profits wont be repeated again next quarter. Let you guys know first. At least nit until they complete their line at year end and double capacity.

Australia suffers deadliest day of pandemic

MELBOURNE: Australia has suffered its deadliest day from the coronavirus since the pandemic began, with authorities reporting ten fatalities on Sunday and a rise in new infections despite an intensive lockdown effort.

The country's Covid-19 death toll rose to 155 and the southeastern state of Victoria reported more than 450 new infections in the last 24 hours.

Ansell's examination gloves will be very much in demand.

Supermax has commissioned and undergone a Sedex Members Ethical Trade Audit (SMETA) audit by an independent auditor successfully and admitted as a member of SEDEX.
SEDEX is one of the world’s leading ethical trade service providers, working to improve working conditions in global supply chains. It provides practical tools, services and a community network to help companies improve their responsible and sustainable business practices, and source responsibly. SMETA is an ethical audit format which reports on Sedex's four pillars of labour, health, safety and environment in reflecting good business ethics.

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Posted by Alvaro > Jul 26, 2020 2:56 PM | Report Abuse

In foreign media , Topglove and Supermax have a bad labour treatment news swirling around . Which is why they had the whole show of govt raid in TopGlove as eyewash . But apparently it was insufficient .

Hazzy, its a pleasure reading your comments, very down to earth, witty and philosophical especially the following.-

'There should be a vaccine for people who talk without thinking'.

'Please reflect on your low level argument before you kick the bucket and degraded to a lower realm when you wake up' .

'There are no stupid people, its how one analyses - informed , misinformed or uninformed.

'An eagle will be an eagle soaring high to see the big picture while an ostrich bury its head under the sand'.

'Just enjoy the fruits of your success in gloves . Those who don’t get to enjoy , there’s a reason for it'

Correct !, the FED chairman mentioned that they will do whatever it takes to prevent the market from collapsing.
-----------------------------

Posted by IG211314 > Jul 26, 2020 12:26 PM | Report Abuse

Don’t worry guys,Donald duck won’t let the American market crash coz election is approaching.

Thanks for the information, Phoenix.

Wow Pang you are one smart player. A real gem finder. I see you put your money in all the high flying stocks. Hoseh!

Freetospeak, I doubt you have breached any of the standards. Just take a read folks.
Maybe the administrator was disturbed by the facts and stunning projections. lol.
--------------------------------------
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The Group will be sharing 50% of the revenue/profits from this joint venture with Ansell Services (Asia) Sdn Bhd (as they acquired from Careplus a 50 % stake in its wholly-owned unit Careplus (M) Sdn Bhd.)

This I feel is the reason for the small increase in revenue.
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Posted by _phoenix_ > Jul 26, 2020 10:20 AM | Report Abuse

RM4.00 is a very realistic figure it should be on par with Comfort now. It's really incredible to report a significant increase in np to 21mil on a marginal increase increase in revenue by 14.0 mil. Instead of looking at it negatively "why so small increase in revenue" the company probably caught unprepared and max production and max margin and still can't cope with demand. next qtr they would probably be much more prepared. The fact Ansell bought in means confidence in the management and potential

Careplus registered PAT of RM36.4 mil . However this figure is inclusive of a one-off profit of RM15.4 mil , hence the profit derived from glove manufacturing is RM21 mil. ( 36.4-15.4)

So EPS (less 1 off gain) for this quarter is RM21/540 shares= 3.8 sen per share.

Assuming a growth rate of 5% for the next 3 quarter, EPS for 4 Quarters would work out as follows-

Current Q 3.8
Next Q 4.0
Next Q. 4.2
Next Q. 4.4
-----------------------
Total EPS 16.4 sen for 4 Quarters.
-----------------------

EPS x PE = Price

16.4 x 20= RM3.28
16.4 x 25= RM4.10
16.4 x 30= RM4.92

A conservative TP based on PE of 25 would be RM4.10

This calculation is purely for sharing and is not a buy or sell call.

Thank you.

Dr Fauci believes vaccine will only be available well into 2021.
-------------------------------------------------------
Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said he believes that hope is warranted and that a vaccine could stop the pandemic in its tracks, but he also doesn't believe that will happen until well into 2021.

The first Phase 3 coronavirus vaccine trial in the US is expected to begin next week.
"I think as we get into 2021, several months in, that you would have (a) vaccine that would be widely available to people in the United States," Fauci told the Washington Post's Bob Costa during a Post Live event.

Future Earnings Looking Great For Careplus - 8.8 billion pieces by End of 2021.
-----------------------------------------------
“Careglove sales outside of Brazil have increased significantly while the Brazilian sales have also turned around significantly with better margins.

While spot average selling price (ASP) remain high, the ASP for regular buyers is expected to increase in the coming quarter barring any significant change to current shortage of supply.

“The COVID-19 pandemic has accelerated our plan to increase the production capacity for the Group subsidiaries,” it said.

Consequently, it will double its total production capacity to 8.8 billion pieces by end-2021 from 4.1 billion pieces currently – with a total of 50 production lines by the end of next year.

It's collaboration with Ansell (Australia based Glove giant) is a massive boost and this will further take Careplus to greater heights.

Called a few IB friends and they mentioned no such plan for margin haircut for Careplus.
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Posted by PZOGRO > Jul 25, 2020 9:48 PM | Report Abuse

Red alert...buy with extra cautious next week....heard rumors from xxx dealers today likely to put Carepls under the margin haircut list next month. 4 more days left this month for trading kaw kaw ...Huat arrr

Yup, he must have drank too much toddy, must be pissed/drunk and talking thru his rear end.

TP of RM5.36 @ PE of 20 shouldn't be a problem next week.
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At 6.7 sen this quarter

Annualised - 6.7 x 4 = 26.8 sen

If PE20 - RM5.36.

If PE 30. - RM8.04

Congrats to all especially Aramco & staypositive.

No worries staypositive. Yup this rr88 is a demented clown. Agree with you.
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Posted by staypositive > Jul 24, 2020 6:07 PM | Report Abuse

Haha paiseh my message came out after his message. I was laughing at rr88 analysis saying Bio would break 0.48 ytd and reach 0.600 by today. Demn hilarious

@cjp . You're absolutely right !

@staypositive , high time you live up to your name. Be positive for Pete's sake. lol
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Posted by cjp74132rn > Jul 24, 2020 4:51 PM | Report Abuse

staypositive Worst analysis ever

No need to over complicate things. You can't get a good bottom line without a good top line.

Yes, a date must be fixed with Bursa first before announce can be made.
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Posted by High5 > Jul 24, 2020 2:00 PM | Report Abuse

Funny right? Listed co didnt fixed a date to announce their qr...All listed cos shud

Oh dear, another clown surfaced.
Bashing Supermax and promoting Topglove.
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Posted by RRlapanlapan > Jul 24, 2020 11:39 AM | Report Abuse

I just received insider news! Created acc to inform you all.

Faster run. You know why OTB and kyy run from supermx? Because they know qtr report not as good as expected!

WRP is currently controlled by a Private equity fund. They are looking at way to cash out and it could be thru a merger.
This is the information that I have received.
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Posted by desmondlee78 > Jul 24, 2020 10:17 AM | Report Abuse

Goldberg how solid are the WRP rumours? A merger with WRP would make Careplus a 20 billion glove capacity a year. That's a quarter of Top Glove capacity.

Yes, we have to learn to live with such irritating clowns in this forum. Most of us would like to put them to sleep but its not possible I'm afraid. lol.
Just ignore them.

Posted by kenny888 > Jul 24, 2020 9:48 AM | Report Abuse

goldberg, what does WRP stand for?

--------------------------------------------------
WRP is one of the world’s leading manufacturers of Surgical, Examination, High Risk and Multipurpose gloves with worldwide coverage in every key market sector. Our Malaysia-based factories meet and exceed the most stringent international quality and product standards, giving us the ability to serve virtually any country around the world.

Our distribution partners include the world’s most respected brand industry, companies who trust their reputation and good name to the quality, service and proprietary technology of WRP.

WRP factories employ state-of-the-art technology, modern dipping lines and flexible packaging options, including sterile and non-sterile. Our on-site gamma sterilization facility and packaging manufacturing plant ensures smooth uninterrupted order processing from start to finish.

Rumoured to merge with WRP Asia. Hope it true.

Absolutely, making big bucks is never easy or rather a walk in the park.
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Posted by ngs98 > Jul 24, 2020 8:01 AM | Report Abuse

Yes-Patience is the key!Not easy when you see other counters going up but you have to decide whether you believe in Supermax and if so then stay confident!!!

Supermaxx is undergoing minor correction and this allows those who had missed out the opportunity to buy at a lower price.
The Q4 2020 result is crucial, the share price of Supermaxx will definitely surge exponentially if Q4 2020 result is excellent.

Keep believing and be patient as results will be released soon.