AlanLW I understand Q2 revenue was good and sold 50% to Ansell Australia. I would like to know the next quarter Q3 Projected revenue will also need discounted 50% as Ansell Australia had bought 50% of Careplus Group Berhad

@ AlanLW, Ansell only bought 50% share of CMSB which currently has 8 lines. For Q2, only About 10%-15% of the core businees PAT came from CMSB. I guess So low due to upgrading works is currently going on. Q3 profit will not be affected much by CMSB and furthermore 9 new lines will run in from Q3 onwards.

TTD1990, PE = PRICE EARNING. Share Price/Annualized Earning Per share = PE or layman terms for PE is how many years the company needs to make the amount of profit equivalent to investment you invest.

@Ccm1517, please share right info! Careplus Q1 PAT was Rm1m+NOT RM5 .Q2 Core Profit after tax is RM20.9M. Increase of more than 20 times not 4.16 times.

@ thetruthoracle
As I said yesterday, Hotstuff is lonely and old sick man, just let him continue to bark here. This morning I though he has recover a bit. Apparently he is not.. God bless him

US detained Top Glove disposable and now Top Glove suspended. This has drag others panic sellers sell their glove stock irrationally. Just think who will benefits if Top Glove not allow to export to US? When you have an answer, then just think you should sell or buy more Careplus

For those have extra fund, just buy. For those no more bullets, just watch. After Q2 results out Watch also shiok..

Currently The cheapest valuation pending July Q2 results out is Careplus. At current price, even POST COVID still will be cheap after JV with Ansell. Invest in Share not speculate. Just buy in more when ever is in Red today. You will be shock with Exponential profit increase for Q2.

HEALTH AND SCIENCE
Moderna shares jump as much as 16% after company says its coronavirus vaccine trial produced ‘robust’ immune response
PUBLISHED TUE, JUL 14 20205:00 PM EDTUPDATED 3 HOURS AGO

American is now known as biggest liar, always published unconfirmed news to boost their share price

There always good shinning sky after bad weather. Won't be surprise to see a big drop before it starts moving up again. For those can't take pressure but still wants to stick to Careplus boat. Better don't look at the counter until end of July. haha

simple, don't switch on your screen. Start look at Careplus on 28th July

Those who thinks TG and Supermax everyday will goes up, they should bet all their assets in. Maybe by end of this or next year, the market caps will not only over take Maybank but Apple become the largest market cap in the world. Just wish them good luck..but don't come to lousy careplus forum to talk nonsense and wasting time.

Careplus always good for patient investors, loyal investors will be rewarded after Q2 results out by end of this month.

@z5spyglass Anything is possible, wish you extremely good luck...

@kk, Mr Lim declared intention to trade during closed period on 29th June, that means Q2 results will be out no later than 28th July or within 1 month

Careplus currently allocate 20-30% production capacities for 3-6 months contract Spot buyers , where the price are much higher

Mtrade, this is Careplus forum. Don't talk unrelated topic here. Go to Supermax Forum

Bacon, optimistic is good. But too optimistic become siok sendiri. Everyday you said limit up, if no drop consider lucky.

Cwscws, the 9m placed to affluent and institutional investors who are mainly holds long.

jinghee, too many good news. Just wait till the Q2 results out end of this month. Then you will know how good the news.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3066122

Many ignorant people don't understand how PP works. PP is 10% or 53m. The reason why only 10m PP was offered last month is due to management thinks Careplus share price still undervalued but the company needs about RM10m for lines expansion now. We shall expect much more PP placement post Q2 result (2nd phase PP should be in August) when the share price goes to more reasonable priced when that time both Investors and management think is reasonable.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3065870. he bought at 1.38 & 1.39

Quarter 1 report extend to before 15th July.

Not surprise Tan Sri buying. Sunway is really undervalued and ICPS offer is really attractive.

Vaccine news keep going out. Good news for collecting more

If a glove manufacturer is not needed after a vaccine is out. Then how Top Glove and Hartalega price around RM5-6 before COVID-19? Base on expansion plan and JV partner, Careplus is going to venture into higher value products segment and more production. Before Covid, Hartalega net profit margin is 14%, and Top Glove is 7%. At 8% margin, RM1.6 is reasonable price for careplus even before COVID. With Covid now, Careplus margin easily pass far beyond 20% net margin. Investment takes time, not overnight. Careplus is just catching up what it miss out. So, why hurry to sell even vaccine is going to roll out tomorrow? Wait for August quarter result which reflecting true effects of Covid.

@/secretinvestor8888 I see you posted in every forums calling people to sell Glove stocks. You miss out glove stock? Hoping others sell to you? Market always have plenty of sellers, just buy from there la.

@ secretinvestor8888 you sure?

Careplus best reporting will be for April-June which expected even better than 500% profit increase

Top Glove report profit 350m or 500% up. This is not full Covid effect yet as March pricing only increase a bit.

SGX S$6.04 already

TG results will be unbelievable good. You will know after lunch

TG result should be lunch time

sell now so that you can pick up?

Hotstuff, where is your brain? top or bottom? Sochai only hope other glove counters not performing when he claimed he has Top Glove. During this time, 1 glove company cannot perform means the others also won’t be good.

Hotstuff, only sochai will think others are sochai. If you have sold, why hang around here and keep asking others to sell and said those buy are sochai. You way to fish others to sell low are outdated. Your sochai method don't work here leh. Change another tactic la

careplus sold one of the factory number 4 call CMSB, which have only 9 lines.

Since the last 9 months revenue for FY 2020at least RM400m

But valuation for high growth company base on PE15 to 18 is rather too conservative.

ruby20 must be one of the attendee this morning.

Christopher, today's briefing is only for invited guests. You can't find

ray1980 are you in manufacturing sector? Check Tesla were at USD20 in 2013 and Amazon USD 100 in 2011 with PE 200-300. Few years every quarters making tiny profit. Today Tesla is USD885 and Amazon is USD2,483. and PE still high at 100.

When I first see Q1 result with revenue 104m, up about 20m compare to corresponding quarter. Profit only 1.14m or 0.11% net profit margin. This is really shocking disappointment. But after deep though again, although is just 1.14m, the corresponding period profit was only 363k or 0.42% profit. This justify with small Profit improve due to demand for gloves shortage actually happens late in March and very likely the company still offering last bite price for loyal customers. In April, pandemic worsen globally and many countries starts looking for glove supplies. Most glove manufacturers globally starts gradually increase about 5% price monthly since April due to shortage and more spot buyers. That would means the net profit margin for April potentially increase by 5% if Careplus also practice gradually increase monthly price by 5%(unless management allows last offer for loyal customers), May 5% and June another 5%. Currently every glove factories is running very close to 100% capacity if not more. Assume average net margin increase by 10% for Q2 and revenue still remain 104m per quarter unchanged. Then, potential net profit will be at least 11m(1m+10m) for 2Q or EPS increase to 1.7 cents or annualized PE sharply improve to 24 which will justify why the current price of 1.63. As supply demand rules, many urgent buyers willing to pay much higher price to jump queue to buy ready stock glove. Therefore, many glove factories starts to allocate up to 10% of the production capacity (which was not committed to existing customers) to sell to spot or urgent buyers at much higher price. This will resulting Forward PE for Q2 potentially drop from forward annualized PE of 194 in Q1 to just PE 24 or lower when Q2 results release in August. This has not include potential contributions from JV with Ansell which allows Careplus to venture more % into surgical glove segments to fetch even higher profit margin. So, today’s careplus may looks extremely expensive but may looks reasonable priced in Q2 and appears to be lower PE in Q3 when they carry on implementing gradually price increase as long as market still shortage.

Top 4 glove companies are good cause they are big, but for growth sometimes small is even better cause base to grow is low. Quarterly 1m improve to 2m is 100%, Improve to 10m is 1000%. High PE is justify for company with High Growth company cause today is expensive, tomorrow will be cheap.

This is just my 2c opinion. Invest according to your ability and affordability. Don’t gamble, but invest.

wahd, 50% of the ICPS automatically convert to Sunway Shares at 4th anniversary, balance will convert after 5 years mature. That's why, ICPS has a discount of 30%+

Sunway trading vol is relatively big for past few months. EPF is just part of the fund declared they buy. If so many people sell, logically the price should drop a lot. But why it still stay firmly. We shall see why after ICPS issued

I believe final adjusted conversion price for warrant in 2024 should be around 1.30- 1.35. 4 years duration Premium about 10% is seem too cheap for such a good potential company like Sunway.

Sunway next Jewel is healthcare or hospitals expansion. Part of the Fund raise from ICPS will be use for more hospitals capex. Instead of Capex is from borrowing, fund from ICPS will indirectly increase the eps and likely share price will move up faster. Warrant price will also adjust lower accordingly since capital will be enlarged after ICPS convert to Sunway share. So, I believe is good opportunity to increase Sunway and Warrants while price still low.

meat no more, inside the bone still have bone marrow.

sell sell sell.. season of selling COVID-19 stocks. Is time to switch for Undervalued banking, Reits, good fundamental companies like Sunway, Matrix,

Then you should switch to Gpacket to bullshit, why still stay here