steady steady ... hold your position!

How do you know he is from Singapore?

Relax Che Wan just got seated in his chair at MAS. He needs sometime to think about airlines industry in this country

If tomolo limit up I will download TikTok and open an account kikikiki!

Steady steady up up huat huat!!

Posted by i3Value > Jun 8, 2020 5:39 PM | Report Abuse

In QR there is hidden stocks write off. I hope my blog is helpful for better understand

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Waaah so nice actual EPS is 1 sen! 1sen x 4 qtrs = 4 sens! At current price, PE ratio is only 40 meh!

Also, in the qtr report, the deal with Ansell was transacted at RM26.8M for 14.5M shares. That equals to $1.85 per share lorrr!

Ansell won't be dumb to buy Careplus at 1.85. Probably that was negotiated after many rounds of discounts too!

It is just a matter of time for Uncle to come here to Careplus.

Careplus is already 2 greens on QoQ and YoY. Next quarter is very likely to continue.

Be here before Uncle comes. Once he comes, Careplus share price will shoot up to the moon.

I suspect during the analyst briefing the CEO will present:

- Gloves demand has gone monumental since April 2020
- Average selling price has increased by ~22% since Mar 2020 and going to increase further in June/July 2020
- Careplus production capacity is at >90% level, the highest level in the last 3 years
- The company is moving towards a brighter future, it is sooo bright that every single guest is given sunglasses so not to get blind by the Careplus' brightness future ... kikiki

By 11:30 am, limit up!!

Tomorrow gap up at 9am and limit up at 11:30am on rush buying frenzy! More retailers are buying on prospects of the coming quarters. Careplus results will be green green green until 2021!!

Saudi Aramco OSP for July is out! Price up by $5-7/bbl vs June for Far East! and up by $3-4/bbl for Europe!

Posted by apolloang > Jun 7, 2020 9:46 PM | Report Abuse

when careplas 16cts where are all of u?

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That time if I can remember correctly, I was busy with Dayang when KYY pushed it to RM3. I was shouting in front of my PC like crazy! kikiki. Now Covid19 came along .. last week and the week before I also was shouting in front of my PC ... kikiki

Aiyoo apollo, Careplus is definitely not suitable for your risk profile. It gives too many uncertainties for you. Please do not buy Careplus. As I said before - for you, money missed is better than money lost. You feel safe by looking backward to move forward.
May be O&G counters are more suitable for you as oil price has just reached $42/bbl? It has moved up already. What do you think about O&G counters then?

How can they achieve 8 mil profit in Jan Mar period when the demand and asp for gloves were still at normal level? How? Please be realistic. Again read the reports and what did both K and Supermax said on the demand and asp for April onwards ....

Aiyo apollo, Have you read the reports or not? The data are all published and available for you to do some quick check. But I guess you are right .... money missed is always better than money lost ...

Im a newbie please dont follow me. But you go and read Careplus quarterly report on Prospect section. And also go find Supermax Analyst Briefing for May 2020 and find their average selling price for gloves in the market for Q2 and Q3. Read and challenge their report if you disagree with their numbers.

mf doesnt sleep at all. He posted 24/7 round the clock and at all the counters. He must be hired by someone to create propaganda .... kikiki

apollo because we are in June already. Not Jan or Feb lor. You are looking backward to see the future. We are looking forward to see the future lorrr ..

Ex Petronas CEO is now Chairman of MAS. You think something is brewing? They don’t put highly qualified guy to be MAS Chairman unless ... hmmm something is coming for AirAsia and AAX?

Yusofff, if you plan to attend the briefing, please ask them:

1) What is the expected ASP for Q2 and Q3?
2) What is the expected production level for these quarters?
3) Are they anticipating higher profit margin than Q1 and by how much?

You got these questions answered, you can almost calculate the EPS and TP for Careplus in the next coming quarters.

Should I buy TG or Supermax? That’s is the question... help help!

Hmmm that’s a good news but only for 1 month. There has been more than 1.5 million barrels of oil in storage to be cleared first before we see a big hike in oil price.

Yes I remember it too. Back then Hengyuan management suddenly announced they wanted to do plant upgrade and had to shutdown some capacity over a period of time. That’s when everybody left the scene.

Thank you YTH888! That’s really useful for a newbie like me.

My personal calculation for Careplus assuming continuous performance,

EPS 0.21sen + Div 0.50sen = ~0.71sen x 4 Qtrs = 2.84 sen
With PE ratio of Ruberex at 88 times, TP is RM2.50
With PE ratio of Comfort at 63 times, TP is RM1.79
With PE ratio of Supermax at 71 times, TP is RM2.20
Average PE 74 times, TP is RM2.10 .... hmmmm

But I may be wrong! Kikiki!

Posted by shareinvestor88 > Jun 6, 2020 4:06 PM | Report Abuse

My 2c opinion. The QTR report was unexpected. Profit only minimal. Overhyped overvalued.
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I think the mistake Careplus did was to release the report too late. By this time in June, people are already well adjusted to higher ASP, higher demand and exponential returns. So the expectation is much higher.

Had Careplus released the report back in early/mid May, the market was still digesting on the impact of COVID19 on glove markets. Most consultant reports on glove supply demand only started to get published mid-May/end-May 2020.

Posted by samyew1234 > Jun 6, 2020 3:50 PM | Report Abuse

how many malaysian wear glove on the streets? sorchai

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If you don't wear any contact lenses, you wouldn't know how many bottles of contact lenses solution you need a month. The gloves market is for those who need it the most, not to those who use it out of convenience.

Careplus Quarterly Report
5th June 2020

In comparison with Supermax, below is excerpts from Careplus Quarterly Report which carry the same key messages!

Prospects:
- The global pandemic caused by the Covid-19 virus have created an exponential increase in demand for medical gloves which benefited many manufacturers including Careplus.
- The average selling prices surged during the pandemic period. The Group expects a strong positive result in coming quarters. The business prospects remain good.
- We are optimistic that the group will perform better after the completion of purchase of the remaining shares of Careglove from AJJ and the recent JV of Careplus (M) Sdn Bhd with Ansell Services (Asia) Sdn Bhd.
- The prospects from both corporate exercises are accelerated by the unexpected Covid-19 pandemic. Careglove sales outside of Brazil has increased significantly while the Brazilian business has also turned around significantly with better margins.
- Partnership with Ansell on surgical gloves is a long term goal and benefits. Currently Careplus (M) capacity is still mainly on examination gloves which is in very high demand now.
- By end of this year, nine (9) new production lines will be commissioned and another two (2) will be commissioned by end of 2021.
- This will increase production capacity from 4.1 billion pcs to 6.5 billion pcs by end of 2021 barring any interruption.
- Surgical gloves will be our new product line. Notwithstanding expected higher costs, we anticipate better average prices and profit margins.
- As such, the prospect of better profitability will be high for the coming financial year.
- Glove manufacturers tend to install additional capacities to prepare for future demands as well as reserve capacities.
- In the past, over supplies have made glove business a buyers’ market. But the sudden surge in glove demands have created a situation of under capacity which have resulted in acute shortage of gloves, particularly the examination gloves range.

Source:https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3056698

Supermax acknowledged that the impact of ASP and profits only occurred post Mar 2020.

Below is reference to their statement in Analysts Briefing May 2020:

- Covid 19 has brought Supermax Group bumper profits starting March 2020 April 2020
- Expect the demand to continue to be robust for the next 1 to 1 5 years
- Average selling prices started to increase at manufacturing level starting April 2020
- Governments around the world will increase healthcare spending substantially after Covid 19. That includes spending on PPE products, including Medical Gloves
- Strong demand yields higher average prices
- Glove prices are increasing almost every week starting 2nd half of March 2020
- Since March 2020 (Covid 19 outbreak):
1) Market turns to seller’s market,
2) Exponential growth in demand,
3) For most of distribution warehouses in Europe, North America, etc working inventories are swiftly sold within 4 to 6 weeks,
4) Sellers dictate prices and capacity to offer to buyers,
5) Buyers are willing to pay high prices as long as manufacturers are able to offer capacity allocation,
6) Margin expansion for both manufacturers and distributors.

Although the above are perspective of Supermax, Careplus should experience the same and next quarter reports is expected to be a lot better!

To be fair to Careplus, some reference to Supermax Analyst Briefing 21st May 2020. Even Supermax acknowledged their profit went up only after March 2020.
- Covid 19 has brought Supermax Group bumper profits starting March 2020-April 2020
- Average selling prices (started to increase at manufacturing level starting April 2020
- Strong demand yields higher average prices Glove prices are increasing almost every week starting 2nd half of March 2020
- ASPs continue to increase every month
- Since March 2020 (Covid 19 outbreak)
- Market turns to seller’s market
- Exponential growth in demand

Careplus next quarter results should be better!

Posted by mf > Jun 5, 2020 1:01 PM | Report Abuse

AstraZeneca is aiming to produce 2 billion doses of a coronavirus vaccine — and it could be ready by September
PUBLISHED THU, JUN 4 20202:57 PM EDTUPDATED AN HOUR AGO
Lucy Handley
@LUCYHANDLEY
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It is a competition and every single pharmaceutical company would like to make news to show their capability to their shareholders. But the reality is no company want to be the first to provide the vaccine.

It comes with great responsibility and huge credibility risk! If the vaccine works on the first 10,000 human but fails on others, the company brand and reputation will go down the drain. A single mistake that could cause the entire company go bankrupt!

September is just too soon.

CarePlus is planning to reward RM400K++ to its Directors for calendar year 2020 in the next AGM. This is an increase from last year RM334K (see Bursa Announcement). It is "almost" a confirmation that business is doing pretty good this year!

If MCO extended, the price will rise because it is not safe out there and cases still continue to rise.

If MCO is lifted, the price will also rise because there is a possibility for 2nd wave of COVID-19 as we have seen in China, Korea etc. (from asymptomatic cases)

But above all, the price will continue to rise because of supply/demand gap, ASP up by 30%, production capacity is overbooked until Q1 2021.

Posted by didioil132 > Jun 3, 2020 2:06 PM | Report Abuse

price down will continue till meet the IB's desired price. So hold tight the belt.
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Oh my god! .. what is the IB's desired price then?

Posted by rr88 > Jun 3, 2020 2:04 PM | Report Abuse

Guarding the bubble. Its only so long this bubble guardian can keep this bubble inflated. Stay away if you do not want to lose your underwear. Ultimate target: back to square one. Adios.
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r88, is it going down to $5 again? this is crazy!

Anybody got any news if IB has revised their TP for Supermax?

Hey wait wait @PakTua, add me too! Thanks!

You are at the end game. There was a blip in the system. Someone snapped his fingers and then someone else snapped his fingers to turn everything back again .... kikiki

About 900 students are infected with Covid19 since the reopening of school in South Korea! School has been suspended there now.

Waah TOP MASK! Is that the one with a zip in the middle and you can open it during eating time?

Posted by eshakk > May 29, 2020 6:47 PM | Report Abuse

anyone has any idea why comfort director keep disposing everyday ? hmmm
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May be he is making way for KYY to be the new director in the company ... kikiki

Posted by rr88 > May 29, 2020 5:24 PM | Report Abuse

This is pro talking here. When their cost is at 1.50 - 2.50, 30 cents difference above 7.50 wont matter much. One click of a button gave to shark 40k lots. Then this shark will have hard time taking a day or three with his fancy magical moves to trick you idiots to vomit back this 40k lots be it at breakeven at some losses.

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Interesting! By the same principle, upward price movement could also happen the same way it did today. As long as the system allows it both ways it is fine. If it is not so, this exceptional privilege given to the big players may be ... should be taken away .. hmm.

This incident is worth investigation by Bursa I think. All transaction is time stamped and the flow should be continuous in a very liquid market. If there is no volume, I can understand. If this transaction done outside the market, investors would also like to know how and why it did happen ... no?

On the 1 min chart, it shows a massive drop from 7.99 to 7.70?? If the volume is very liquid, why should there be this huge gap?

Something is fishy!

Something very fishy is going on here! hmmmm ...

Congratulations to all! Good start to the weekend!

Go go go! 8.0 for today?? Make all of us SUPER HAPPY!

I am ready! I am good to go! I am good to go! Fly me to Vega!

Posted by EagleEye > May 29, 2020 3:03 PM | Report Abuse
"It is a mad mad glove makers’ market"
The Edge Market 2.30pm 29/05/2020
https://www.theedgemarkets.com/article/it-mad-mad-glove-makers-market

Quote: In a research note today, Maybank Kim Eng analyst Lee Yen Ling wrote that “massive earnings explosion in coming quarters will throw brokers’ forecasts out of the window”.

WOW!!

Look at the profit line .. an increase of 107% in 3Q alone!

@freetospeak, now I understand and yep you are correct then!