8.69 x 4 = 34.76
Assuming next 4 quarters can do the same
34.76 x 20 PE = RM6.95

I did the above earlier...that assumes no growth...but if there's a doubling of capacity...i don't think 30PE would be unfair...

34.76 x 25 PE = RM8.69

To keep it conservative...i won't do a 30 PE

if the results is so bad, it wouldn't be where it is now...in fact, it's an opportunity to buy before sentiments get better for gloves...

don't worry gemfinder, with the sentiments currently, i think you'll still be able to get in cheap...

just to bring in some perspective...
latest quarter
- harta's EPS - 6.49
- kossan's EPS - 10.25
- Careplus EPS - 4.1 (after deducting one off profit)
- ruberex EPS - 8.69

Don't think ruberex did poorly at all...

And Yes, we haven’t factored in extended capacity in Q4

8.69 x 4 = 34.76
Assuming next 4 quarters can do the same
34.76 x 20 PE = 6.95

If we look at the running EPS 14.14
If we multiply by the PE that Careplus is running on after their report, which is currently 59x

14.14 x 59 = 8.34

if 27-28mil is achieved, it would be great already !

@ChefSaham, let's just put it this way...these guys makan gaji...clock in, clock out !

hope it'll stun us positively...coz we really need some good news !

Yea, Patrick is right, it's not about absolute earnings, it's about earnings per share.

Ruberex is a small player, but the following is why I think has potential.

1) It doesn't have as much shares issued as compared to the rest (easily controlled - Well, can work both ways - but just be careful.)

2) the stock looks cornered. Owner owns >50% officially. Unofficially? And continually buying.

3) It has a doubling capacity story which hopefully comes on-stream by 3rd or 4th quarter 2020.

4) Earnings growth is easy to come by from smaller companies with smaller bases. Especially when there's strong demand and ASP growth.

5) Very aggressive and opportunistic owner from how it looks so far.

Hope it doesn't disappoint in the next few months to come.

FYI, I have both Comfort and Ruberex. I also hope comfort catches up with Ruberex and both run like crazy ! Fingers crossed Ruberex comes out with good results, as it is reporting soon, and that will drive all the second tier stocks !

Yea, ruberex is a small player, but the following is why I like it.

1) It doesn't have as much shares issued as compared to the rest (easily controlled - Well, can work both ways - but just be careful.)

2) the stock looks cornered. Owner owns >50% officially. Unofficially? And continually buying.

3) It has a doubling capacity story which hopefully comes on-stream by 3rd quarter 2020.

4) Earnings growth is easy to come by from smaller companies. Especially when there's strong demand and ASP growth.

5) Very aggressive and opportunistic owners from how it looks so far.

Hope it doesn't disappoint in the next few months to come.

If your prediction comes true, we're looking at a good rally ahead

@superpanda, let's hope they do 3x Q1, then we have something great to look forward to ! :)

If I apply Supermax's performance on TG, I actually think they'll break the billion ! let's see...if it does, it's good for the glove sector as a whole...

sure hope they do much better than 30mil

i have comfort for sometime now...if it just reaches 30mil, it would be disappointing...If I assume they repeat this for 4 quarters, it'll be roughly

~ 5.6 EPS x 4 = 22.4

20 PE = 4.48

Put a little bit of growth in it

25PE = 5.60

Which means we should be selling it soon?

it's a wonderful initiative by yttihs to stop the rot in this forum...the stench of manipulation was getting unbearable, with baseless comments...we can agree to disagree but some of the comments are downright puerile.

@yttihs, please add. Tired of these negative comments without substance.

@yttihs, please add me. Thanks

TeamRocket, this time don't sell so early and turn to the dark side ya...

when it fell 30% from 9.30 to 6.50, they really made us sweat big time...it was churning like crazy...today, we are 30% down...and making us sweat like crazy

Nevertheless, we're still in correction...hopefully, close to the bottom...this is expected. So, hope everyone gets their share and move up together ! All happy...

@ financialfreedom35

In a nutshell, you're saying SOUR GRAPES !

we just have to realise it's correcting...prices will have to correct...let it come down...let these traders pick slightly lower and we all go up together...happy happy together !

hahahahaha...at least some humility

mitchy09 If i can short it, i will make killing man. But dunno how, is there shorting for retail ppl like us?

______________________________________


you've been talking like a champion and you ask a question like this?

Why worry about Q2 GDP report when...

- Gross exports in June is the highest in 2020.
- Wholesale and retail trade is back to precovid levels
- Credit card transactions back to March levels
- IPI & PMI in June back to normal
- Loans disbursed by banks back to precovid levels in June..

What matters is what's the figures going forward not the past

BUY ! While it's cheap !

Totally agree
________________________________

dreamer74 I dun think this counter is overvalue. Latest QR RM0.3eps, forwarded PE is only 16.2 base on today's price. It is cheap. It will be up for sure but first it need to bottom down. Everybody is trying to catch that.

careful what you wish for...some here shit on the stock, hope for lower prices...it happens, they buy and they're now stuck ! damn f***ing funny...but life as a trader is such...we may be in for one or two more weeks of this...hope not, but just stay firm...good luck, even to those pitiful flip flop traders...

Both sides will have their point of view on things. Go back to human behavior. During correction, everybody will panic and sell out of fear. Then when it starts to run. Everybody will jump back in out fear also. Fear of missing out. Greed kicks in and all the co*k talk about vaccine is out the window. At least for a while. Happy trading

Both sides will have their point of view on things. Go back to human behavior. During correction, everybody will panic and sell out of fear. Then when it starts to run. Everybody will jump back in out fear also. Fear of missing out. Greed kicks in and all the co*k talk about vaccine is out the window. At least for a while. Happy trading

Happy trading

Both sides will have their point of view on things. Go back to human behavior. During correction, everybody will panic and sell out of fear. Then when it starts to run. Everybody will jump back in out fear also. Fear of missing out. Greed kicks in and all the co*k talk about vaccine is out the window. At least for a while.

1) This is the first correction that's more than 20% since the hike from 6.50 to 24.40, therefore, can we take stock of things a little before we overreact? That's one helluva amazing hike without a huge correction.

2) Plus when TopGlove reported an excellent result on June 11, the price went to a high of circa 18 to 14 within six days after, roughly 22% drop.

3) Similarly, Supermax has thus far dropped 25% from the high (accelerated by the Russian vaccine hoax, no doubt).

4) TopGlove soon after the decline went on a long ascent, with one little blip in between due to the US customs issue, before today's correction.

5) So, please take note, the correction is due, and this may not and should not be the end of gloves.

But up to you to decide.

buy on weakness ! this washout is for the gamblers...especially those penny stocks !

This Russian vaccine really played up hard by those who were shaken out on Monday or sold off high yesterday! What to do, we just have to co exist with traders.

I’ll think twice about taking a vaccine even after two years of testing, let alone no Phase III testing. Buy on weakness !

The US market went down with Russia vaccine news? Really? Shouldn’t it be rallying if it’s gonna come save the world?

At the very least the Chinese is doing a Phase III

@ Greedy44444 - I think the operative words there in your article is, “study will last 6 months.”

it's one thing about having a vaccine available, but it's another to get people to get vaccinated...especially one that has not been properly tested ! unless you do it at gunpoint ! so please stop talking like it's so easy to administer...

it's a political ploy by Putin...anyway, don't know how people will react tomorrow...my impression of late is the vaccine story is a non event to people. just noise, as people are now more aware that vaccines do not come overnight

owner swiped loads more shares at about RM6...very soon this stock will be incredibly cornered, if not already !

simple...the naysayers want to buy in cheap in anticipation of the bonus issue !

@chasebros - Exactly, they have actually exceeded expectations, hence revisions. My hope is comfort is able to increase their prices and PAT margins. Supermax' margins are phenomenal.

the west is not going to inject themselves with something from communist countries. Let it be china or russia. Period

all those haters, please piss off !

399 mil

@alexByob, I’m kinda disappointed too. Taking their revenue and quarterly output into consideration, it doesn’t appear like comfort had strong pricing power as compared to careplus nor ruberex. If the last quarter, comfort managed to raise their selling price by 2 to 3 times, then we will have a strong chance of big profits. It’s now mainly about the average price sold per quarter. We can only hope !