Stock is about up and down all the time, if you buy cash, dont sell when loosing money, surely carepls still have a lot of potential to go up. If you are contra player, I personally think it is too risky to stay in the market at the moment.

haha....there will always be haters throw out negative comment when the stock turn red, they were not here this morning when it was green.
OK la, like this la dear expert, please give us 10 stock that will guarantee going up everyday for the next 2 weeks, come back again after 2 weeks then we will discuss.

Same like last Wednesday to Friday, price holding around 1.50, even positive news also dont rocket up, is it because of current situation in USA?

it's not about QR or not, even good QR result you can see top glove stock also no improvement. It's more about world economy, as long as trump creating problem around the world dont expect market will come good so soon

so far carepls have very strong support below 1.5, since yesterday the price always bounce back to 1.5, I dont really think will limit up today, but quite positive it can close around 1.50

@noobbasedinvestor Warren Buffett no time to eat with you? Or you are too smart and he dont have face to eat with you?

@ZStrader yes, agree with you, that's why I always say, with holding power, dont sell when you loosing money, you can invest in long term
I have been looking at Carepls inside and outside since 10 years ago, very confident with their growth, surely it cant compete with the big 4 but they can grow steadily, they are building a very solid foundation now

@noobbasedinvestor go have your breakfast with Warren Buffett, dont bark here.

I think today still can close above 1.40 even bad opening, personally I will hold, since my on hand lots also bought from previous profit, but I guess wont buy more cause current market really unpredictable, if Donald Trump step down now I think all stock will immediately go up.

@Hotstuff please read my comment carefully, I never tell people to buy nor sell, and please dont keeps forcing people to sell or buy other stock, as US stock just laosai last night, you sounds like a big shark here to threaten other member in this forum.
I think any stock you go in now will be a great gamble, so those with holding power, no point to sell when loosing money, just hold and the stock will eventually come up soon.

Only Harta showing green now. Even with impressive QR is not enough for Top Glove to turn green. So if you have holding power, no need to run, everywhere also dangerous now

yes, those with holding power, dont throw when loosing money. market got up and down, it will go up eventually. Those who not yet buy, also hold first. I dont really like to tell people buy or sell, but I like to tell people hold. LOL.

@ramunia why need listen to friend? I worked in listed company before..... Have you deal with auditor before? Not to forget Careglove was JV with another company until end of 2019, if careplus makan kuat kuat, you think their partner dont know about it? Descarpack should have their own management stationed in careglove. Dont always listen to friend.....

@ramunia you cant really compare big 4 to carepls. big 4 have enough cash to build a new factory with max capacity anytime. While it takes time for carepls to do expansion. And I believe you watched to much TV to think it is so easy to makan kuat kuat by the management.

@ramunia it is normal to have high inventory written off when you doing production line expansion.....new production line need time to do test run and fine tuning before they can produce best quality product with top speed.

TG report should already fully reflect orders since Covid 19, careplus latest report only shows up to 31/12/2019, still a lot of space of improvement in the coming reports. Not to forget, 31/12/2019 is before Ansell JV with careplus m.

to those who keeps talking about vaccine, kindly read the link below, anything related to vaccine also in testing stage, and "estimated" completion date. But what happen to the outbreak is currently happening, it gets worse and worse each day. So as of now, glove is still in demand.

https://www.bloomberg.com/news/articles/2020-06-10/second-u-s-virus-wave-emerges-after-state-reopenings

if buy with cash and with holding power no need to run, dont run when you loosing money, long run sure will go up, expect much better result in coming 2 to 3 QR from Carepls.

Covid 19 has create the awareness, so people will only take more protection. MCO, CMCO and RMCO will not slow down the demand. Plus Carepls mainly do export, so please do homework before throwing out baseless negative comments. Maybe you can argue the price is overvalue, but how many undervalue stock in market? As I said above, some people invest is for long term, why scold people when they dont agree with your view?

@ruby20 I dont know why so much stock written off, but based on my experience in glove factory before, as we know currently Careplus is having capacity expansion, at this stage they should have installed a few new production line, but they need a lot of testing and fine tuning before the line can run in full capacity, so it is normal they have a lot of reject glove(written off in QR) from new production line. It takes weeks or even months to tune the new production line to best settings.

@paperplane people hold because they believe in long term, you can have different view but you dont have to call people socai. It doesnt makes you smarter.

bouncing back bit by bit

Read back some comments last 2 days, too many negative people throwing out panic to this forum. Many people only see "Profit" in report then judge on the whole performance. Let me share the link below again, they are currently doing capacity expansion, meaning that they are installing new production line, according to report below, it cost them 30M/year, so you think they sekali pay all few years ago? Surely they will pay by installment or by progress of installation. So it is normal if you see the profit is lower.....
Fo me, I think Careplus is building a very strong foundation, even during expansion they still showing profit, which means they are in healthy condition.


https://asia.nikkei.com/Business/Markets/Nikkei-Markets/INTERVIEW-Careplus-To-Spend-30-Million-Ringgit-A-Year-For-4-Years-To-Expand-Capacity-CEO

@Activestream by right they should announce last month, but due to CMCO, they cant get the report audited, so they apply to postpone, so this month confirm will out, as what I heard it should be this week or next week, but since today is friday already, so I think chances to announce next week is higher.

@Activestream he mean Q1 quarterly report out in June

@factbasedinvestor yeah, not a good day for you to come in today.

@PeterJamesLim we should be worried if the CEO of careplus doesnt care about profit. LOL...

Dont be scared when director throw out share. As I know they cant play their own share like us. They need to sell by bigger chunk at once. Usually before QR out. So this could means the report coming out this week? but I'm not very sure. Any insider news?

@stockist888, I think some of your questions doesn't need insider news. since they already confirm the deal to JV with Ansell, for sure you dont have to worry about extra order. Ansell will sort it out. Can they fulfil it? If can't, why Ansell JV with them? Future is looking bright, but if you are margin player or contra kaki, maybe not suitable for you. If you buy with your extra cash, now is the time to enter. Conlanfirm will up in long term.

@l3ryan, Lol. I see many prople throwing out and run away, I thought it will drop further down. But seems like every time when it drop close to 1.20 then many people will sapu and it'll bounce little bit.

seems like it just dont drop below 1.20, I was queueing to enter around 1.05.
But 1.20 should be good price also.

@JamesRubin thanks for the information. Thanks and goodbye

@Togetherweearn, how long you mean? Some people couldn't wait until month end. Lol...
Those buy high with holding power I think can try to hold, carepls price surely can go up again, but it could take months to recover. But with big boys like Ansell in the same ship with carepls I always feel confident with their future

let's be more realistic, it wont go up crazily like last week, it seems like it will stay around 1.20 for some time, still many people collecting around this price

doubt it will go below 1.00, but any price around 1.00 is best price to enter, not sure whether it will bounce in short term but if you looking for long term investment and a safe place for your retirement money, carepls should be 1 of it. But if you want goreng goreng then please stay away until they have big announcement.

@uniteen do you know what are you talking about? 0.20 is base on your own calculation or agak agak? When they get listed their IPO was 0.23, that was before they have careglove and careplus (M). Please stop giving misleading message.

it will stay between 1.00~1.20 for some time, many people will sapu within this price range.

later drop around 1.00 will be time to slowly enter

the lowest I can foresee is 0.80 to 1.00, but I really doubt it will drop below 1.00, because many people invest in carepls below 0.50, so surely many people will sapu when it drop to 1.00 ~ 1.20 because many of them already get the profit by selling above RM1.50

always buy at your on risk, if you buy high using extra money, keep first, buy more again if it drop to around RM1.00. It will surely go up, just matter of time. If no cash but come contra goreng goreng, then please cut immediately, I think it will drop further.

buy now is keep for long term, if want contra goreng goreng sure many people say dont buy. carepls should be looking good in next 2 quarter report.

*psst, dont forget Q1 or Q2 report might show the sum they receive from Ansell for JV. if they announce any big plan on it, sure carepls will become hot again.

Feels like some people pressed it low. QR coming out anytime and it could bounce very high.

@uniteen, fundamentally, they are strong. With Ansell joining it will push their potential to another level. I think people are just lazy to check their background. After buying out all Careglove share, they will have more positive financial report in coming announcement, plus expansion of production will complete soon, it will boost their capacity to another level, so future looks bright, goreng kaki now doing panic sell because they dont even know what carepls is doing and just follow trend.

seems like it could drop below 1.20 before lunch.

@BaconGuest why so sure announcement before weekend?

Even CMCO ends it will not bring down the demand of glove, it could increase because most people have the awareness now, usage of gloves will grow.

prince4 dude, are you working in Careplus? Seems like you are very unhappy with the management there. lol
Obviously in an interview in 2017 the CEO already said they are investing 30 Million Ringgit A Year For 4 Years To Expand Capacity. So since current factory still able to expand why need to built new factory?

https://asia.nikkei.com/Business/Markets/Nikkei-Markets/INTERVIEW-Careplus-To-Spend-30-Million-Ringgit-A-Year-For-4-Years-To-Expand-Capacity-CEO

jasmine teo, careplus is not building new factory, but they invested heavily to increase production capacity. Below is link of interview in 2017.


https://asia.nikkei.com/Business/Markets/Nikkei-Markets/INTERVIEW-Careplus-To-Spend-30-Million-Ringgit-A-Year-For-4-Years-To-Expand-Capacity-CEO