If you think like a businessman, you notice that Ice cream is actually the supplier of hand formers to glove makers in Malaysia & Thailand. Their business expose almost fully to glove makers !
So the more production and the more expansion by all the existing glove makers in Malaysia & Thailand or even the more new glove players' entry into this industry locally, the more the demand for their products !!

Even all glove makers fight until some lose money and close shop eventually, it doesn't matter to them at all , because they compete against other hand formers , not glove makers !! Mushrooming of glove makers and production outputs will benefit them !
There is not much competition amongst hand formers in Malaysia at the moment, only 2 in terms of size as big as ice cream.

I foresee they are going to have a strong profit records for the next 2-3 years , at least ! (referring to their best years during 2015-2017) They are just at the beginning of their business's uptrend cycle due to glove industry's super boom time. This time the demand is very likely higher than their previous peak years !!

kingb, sometimes people who forced into living in luxury hotel might end up owning the whole luxury hotel at the end !! LOL

Depends on what kind of players you are lah ! No right or wrong
If you are day traders, you just jump in and up , in and up every second, minute ....
If you are medium or long term investors, just ignore the noices and HOLD to ride the impending uptreand !

Look at bigger picture in glove industry, few analysts just raised the TP for Topglove to 20.00, topglove is trading at 14-15 + at the moment , still 30% more to go !
Remember this, if the Big Tai Koh moves, every small and baby brothers will move together for SURE !
For investors, ask yourself this question :- is covid-19 going to cure tomorrow ? next month ? end of year ?
Yes, as long as the pandemic is still out there, this theme play won't subdue any moment !

correction is very normal in sharemarket, that will be more correction along the way, see whether you can take the heat ! LOL

Holding into ice cream with good track record of profit and strong BS, you need not worry comparing to holding to other huge-loss-making companies ! Who knows, even after all the glove companies' run end, hand former can be the next BIG thing to show surprising good result to make most public to PANIC BUY at the end !!

DOn't worry, I am still holding tight tight despite the UP & DOWN , UP & DOWN .....

If they can deliver 5ct EPS, (also likely as higher demand than last time round) :-
PE = 20, fair value = 1.00 + 10ct = 1.10
PE = 30, value = 1.50 +10ct = 1.60
PE = 40, value = 2.00 + 10ct = 2.10

From the lowest of 0.90 to highest of 2.10 as valuation, divided by 2 => 1.50 as median fair value

My future PE calculation :-
If a year annualized profit = 4 ct (realistic as per their best 4Q total in 2016), and net cash of 10ct per share (excluding from PER computation) ,
PE = 20 (conservative) , fair value = 80ct + 10ct = 0.90
PE = 30 , fair value = 1.20 + 10ct = 1.30
PE = 40, fair value = 1.60 + 10ct = 1.70

remember, this is a company with proven track records for accurate estimate, unlike those loss-making company you just can only fantacize their profit & PE !!

Ice cream keeps showing profit consistently , although dropping for the past few years due to cyclical glove industry's downturn , for the industry's upcylce, they will be producing good profitable QR comparing to those lousy-performing companies !!

Bullish , I even trace back to past record, LKL experienced huge loss as pe my writing :-

"LKL :- suppliers of mainly medical beds and health care accessories, their products can be produced all over the world, losses reporting for past 2 years, last 4 Q total loss = -0.37 (horrible, almost wipe out their NTA !) "

And many other over-hyped companies like HLT ! They didn't perform with good results previous years ! Not with minor losses but huge lossess that almost wipe out their NTA into PN17 !!

That only reflect the skill, prudence of their management , if they are lousy , they can bring the whole co into deep shit !!

kingb , no need to be greedy lah !
UP 50% one day can make us laughing all the way to ice cream shop to lick and suck yummy ice cream to celebrate already lah !!
Hahaha !

TP = 1.00 (conservative one ) :)
If pandemic-theme play is still there, SKY is the limit !!

approaching LIMIT UP !!!

Don't forget, every years they are consistent in delivering profit until accumulating huge net cash of 20 mil !

Put in simple :- all glove makers need to order form them or another competitor(not listed) in malaysia !! whereas we have so many glove makers fighting for market share !!

"Come back to ice cream here, if they are still the biggest manufacturer of hand formers IN THE COUNTRY & PROBABLY IN THE WORLD as reported 10 years ago, then this company could be enjoying the best hefty profit period of their life time !!

Biggest and only listed in bursa, they might enjoy near-monopoly or duo-poly market in hand formers sector ! Almost all rubber glove factories in malaysia & thailand have to order from ice cream for hand formers, because at this glove-demanding urgent time, ALL glove factories in this region (malaysia & thailand) expand their capacity, running hard at their hand formers and surely spoiling more, demand for hand formers will definitely rise !
nobody or few existing readymade factory can mass deliver this special products to glove manufacturer !! They are the hand formers KING, they dictate the price lah !! "

read my previous analysis here mamatede !

We don't just blindly invest in their business (glove, health care etc), we must also check whether the management can turn their lucrative business into profit and do not screw up !!
How is their ASP comparing to their competitors ?
Are they just cutting price to fight market until making huge loss ?
Are they lousy in control their costing & have huge financial charges until making loss ?

HLT, huge losses in 2017 (- 2 ct) & 2018 (-8ct) ! from nta of 0.20 wiped out to 0.10 in 2019 !!

I just read this, HLT & LKL actually quite risky investment !!
can be trap for novice investors !
Ice cream's balance sheet & track record are much more solid !!

comparing to HLT :-

KUALA LUMPUR (June 1): HLT Global Bhd’s share price hit limit up today as the craze for glove maker shares spilled over to the company which specialises in setting up production lines at rubber glove manufacturing plants.
The company also holds a 55% stake in HL Rubber Industries Sdn Bhd which manufactures rubber gloves.
HLT Global soared 50% or 29.5 sen to a record high of 88 sen. A total of 156 million changed hands in the morning trading session. The trading volume was 17 times more than its 200-day average trading volume of 9.09 million shares.
HLT Global's share price has jumped more than seven times from the low of 11.5 sen in mid-March.
The company’s warrants, HLT-WA, made a bigger leap. The derivatives rocketed 76% or 27 sen to 62.5 sen and were the most traded securities on Bursa Malaysia with 337 million units changing hands.
HLT Global has also jumped onto the pandemic bandwagon. In April, HLT announced that it was venturing into distributing Covid-19 test kits.
It said its wholly-owned unit HL Advance Technologies (M) Sdn Bhd had entered into a distributor agreement with Accobiotech Sdn Bhd for the distribution of Covid-19 rapid test kits around the world for an initial period of one year from April 20, 2020 to April 20, 2021.
It is worth noting that HLT is among the list of companies which have been granted an extended deadline to submit its financial results for the quarter ended March 31, 2020 (1QFY20). The reason for the delay in submission was not known.
HLT Global said it will utilise the extension of time granted by Bursa and the results are expected to be released by June 30.
For the financial year ended Dec 31, 2019 (FY19), the company managed to turn profitable, posting a net profit of RM4.68 million, compared to a net loss of RM26.1 million for FY18, on higher revenue. Its top line grew 12% to RM144.43 million from RM128.78 million.
However, HLT Global incurred a net loss for 4QFY19 of RM2.19 million, though it was narrower against RM19.84 million for the corresponding quarter a year ago. The company’s quarterly revenue shrank 27% to RM29.72 million from RM41.21 million due to a decline in revenue from its rubber glove segment.

After finishing frying Big 4, small 4 .... now to FRY with baby Ice cream liao !!!!

Adventa & careplus both experienced double limit UP for last 2 days !!

Eldon, I see ! Good luck ! :)

Adam Lim, where did you get this info ??
EPS for past 4 Q = 1.74, cash per share = 10ct, present share price = 62ct,
PE (minus off cash per share) is (62-10) / 1.74 = 29.88 !

This is just the "past" PE ! All glove counters past PE already reaching 70-100 ! (as reference)

Ice cream best past 4 Q PE is around 3.9 (in 2016, we expect they can reach that judging by the demand for thier products going forward ! ), so at present price of 62ct, future PE ( - cash per share) is (62-10) / 3.9 = 13.33 (ONLY) !!

Present & future PE also very much under value !!
This is a company with past 10 years of profit, and strong net cash , yet the only hand former company listed in Bursa that fully exposed to glove industry !!

https://www.youtube.com/watch?v=7hyMCymFA2Q

Es ceramics annual dinner ! LOL !
come and meet their staffs !!
All minority shareholders also dance like that now !! haha

Be patient !
RM1.00 is reachable by this week !!!

RIDE ON YOUR WINNER !!
The engine just started !! BROOM BROOM BROOM >>>>>>>>>>>>>>>>>>>>>>>>>>>

200 mis shares issued, 45% held by 2 big bosses, around 110 mils liquid shares in the market, as at now , trading volume already reached 65 mil liao !!

Shadowz , noted with thanks for info !
DOn't be greedy right ? Up 30 cents per sessions , can laughing all the way to bank already lah !
LOL

sit tight and relax comrades , let's enjot the ice cream goreng ride !!!!! >>>>>>>>>>>>>>>

https://www.youtube.com/watch?v=7hyMCymFA2Q

Es ceramics annual dinner ! LOL !
come and meet their staffs !!

My weekend research on Luxchem, LKL, ...
1. Luxchem :- chemicals processing company, but only 35% of turnover exposed to latex processing for glove industry, the rest exposed to construction, automobile and electrical industries.
35 % of business is good but 65% of business might be bad ... plus plus minus minus = break even in performance, according to analyst. FA quite good with years of stable profit
2. LKL :- suppliers of mainly medical beds and health care accessories, their products can be produced all over the world, losses reporting for past 2 years, last 4 Q total loss = -0.37 (horrible, almost wipe out their NTA !)

Comparing to ice cream, almost 99% expose to Glove industry... plain and simply to understand business and BS , with low future PE !

Apart from Calvin, many other persons such as KYY, OTB, Cold Eyes, Icon8888, Philip etc.... even our Mickey Mouse, come here to give stock calls ! You can't held them liable for their call, they just recommend !
Chun or not Chun, depends on investors themselves to analyse and make final decisions.

Actually Chun Chun Call Calvin ( "Cal"l & "Win") Tan has been making stock call as a hobby all these years, as he has never asked for fee or profit sharing etc . He never force you to follow his chun chun call also.
If he is a conman, he would have conned money and disappeared long time ago !
Everyday he is still as active as before come here to do "chun chun call" !! LOL
End of the day, up to the investors or traders to do your own homeworks and make your own decison !!

Everybody miss Mickey Mouse so much ! LOL

I hope Mickey mouse is busying "sapu"-ing Ice Cream from the market right now !!

Big Bosses & CEO busy in hand former manufacturing plants to complete tonnes of orders from glove makers, no time to promote, we as minority shareholders , do our part and help to promote lah !!
LOL

Wow ! As i just wrote, big rock at .46 & .465 sapu habis liao !!!

They have net cash around 20 mils , have been profit for almost 10 years ...
The only listed company in bursa producing hand maker supplying to glove makers
current PE only 12-15, i think (after deducting their cash of 10ct per share)
The one and only very under value glove related counter left in Bursa !
Mari mari ! lelong lelong last cheap price before they explode ! LOL

Sean, glove related counter, they provide hand former to glove makers.
All glove maker counters running crazy already but this baby ice cream still moving at snail pace !
LOL

As I analysed before, They stop to proceed further with property diversification vide 30-4-20 announcement ! They also changed the terms of JV agreement for the 2.3 mil already invested with a guaranteed returns of 19% interest in 2 years (Kamal Tan's other listed company in SGX guaranteed for the payment !)
There is safeguard in Bursa rules, if they are to proceed for the JV investment with any further 20mil plus fund, they need EGM to approve (Kamal Tan -25% shareholding, can't vote)

Mikecyc, take it easy lah !
During this pandemic crisis, who didn't lose money from share market ?
Even KYY admitted he lost almost 90% at that time & Warren Buffet lost Billions in airlines etc

Now there is glove theme run, our purpose is to make money and recover from the all losses !
Mistakes made treated as lessons well learnt !
We log in here everyday to learn and share with each others the valid infos and knowledge !
No point spamming and F here F there , that won't make you rich !
Be humble and learn ! Thank you !

First, Glove Big brother 4 running up to crazy valuation !
Second, and now, Glove small brother 4 running up to crazy valuation !
Next .... Glove hand former baby brother's turn >>>>> to crazy valuation ??
Enjoy the ride and thrill ! LOL

Philip , Thanks for valuable value-trap write-ups !
Really learn a lot from that, pls keep it up and share with us your knowledge and experience !

Small 4 Glove counters almost go LIMIT UP !!
Baby Ice cream will be LIMIT UP next !!

Ice cream share cap very small only = 200 millions, 2 big bosses controlled 45%, so public only hold 110 miliions, once put on burner for frying, one day can SHOOT UP to 0.60 already !!

All Ice cream lovers, sit tight !
After finished frying Big 4, now frying Little 4, ..... Baby Ice cream will be NEXT !! For sure !!

I just read from the star news, the gearing of the following glove counters =

Harta = net cash 31 mil
Top Glove = net debt (2.2 billion)
Kossan = net debt (245 mil)
supermax = net debt (254 mil)
comfort = net debt (49 mil)

just for computation, if they can repeat EPS of 3.6 per year going forward,
valuation with PE of 20 (the most conservative) , share price will be 72ct + 10ct cash = 82 cts
PE of 30, share price = 1.08 + 0.10 cash = 1.18
PE of 40 (crazy value as per glove but stil half of glove ! ), share price = 1.44 + 0.10 cash = 1.54

Ice Cream best profit year is 2016, around 7.3 millions, EPS = 3.6,
if they can repeat that (very likely or even better due to glove's boom time), and with net cash of almost 10ct per share, based on KC Chong's fair valuation of their PE shall be :-
current share price = 40ct, minus cash per share of 10ct, net price for PE calculation shall be 30ct only !
forward PE :- 3.6 / 30 = 12 ! ( I myself shock to compute that !!)

comapring to present Top Glove / Harta PE= 85, supermax = 74, comfort = 53 !
I just read all glove companies (except Harta) have high gearing

The more and more glove makers to expand or new players venture into glove making business, the only end beneficial will be none other than ICE CREAM !!

the next QR out around end July might not reflect that yet, but if the CEO 's outlook comment is good there, the price will SHOOT UP, the QR out at end Oct, 20, end Jan, 21 will be huge !!

I guess Mikecyc is a day trader and had bought at highest price of 0.595 recently and suffered contra loss , get so frustrated and came here to spam to vent frustration !
Very common in i3 and many share investment forums, losers will normally came and vent anger and frustration when they suffered loss !!
Jaks forum recently got so many F words here and there because many people suffered loss and frustrated !!

As I always say, if you are value investors and hold long term, the prospect is very good for ice cream :-
Not only big 4, small 4 and tiny 10 etc rush to expand and replace their over-worked / spoilt hand formers, many players want to enter this juicy business nowadays .... glove makers are going to fight against each other for market share soon, BUT .... still minimal competition amonst this second liners hand former business... simply because it has been largely ignored by investors !!

Before common investors notice this, it is time to collect at cheap and wait to SELL HIGH to those realize later to panic buy !!