it is a matter of time before TP hits 45. that is for sure... analyst all back up...Tan Sri Lim backing up...profits and bonus issue all back up...no way it is not going to hit. so just sit wait and enjoy the profits ...

winter is fast approaching in Europe and the US. more flu more virus more spread more outbreaks MORE GLOVES needed meaning more ASP hike more spot orders more profits more dividends more and more share price increases TOP GLOV: 50.0

https://www.health.com/condition/infectious-diseases/coronavirus/twindemic

winter is coming guys. more flu more virus more gloves needed ...

williamtkb@ TP and Supermax won't be anything less than 10 bucks tryst me, that thing before bonus issue is already at least 10 bucks. so when after bonus issue, that thing will be 15/17 bucks.

Zephyrus123@ yes you are right, at the current PE ratio it is trading, carepls can hit TP:9.00 based on the recent Q2 results. TP7-8 is just fair value, if we talk about premium valuations which is justified because of the ASP hikes which is not stopping by the way for now and will continue until year end at least, then TP9.0 is making sense. Look at the amount of coronavirus cases whole world has to follow the GLOVE SOPs and that mans carepls have to sell their gloves to cater to the global demand. Spot orders are increasing because glove lead times now is 12 months.

More coronavirus cases outbreak again - this time in the Middle East...

Coronavirus: Iran's death toll goes past 20,000

Iran's death toll from the new coronavirus has surpassed 20,000 with 153 deaths in the past 24 hours, according to the country's health ministry.

Iran is one of the worst-hit countries from the outbreak in the Middle East.
"The death toll has reached 20,125 ... with 2,444 new infections in the past 24 hours, the total number of cases has reached 350,279," ministry spokesperson Sima Sadat Lari said on Wednesday.

TRADING VOLUME today = 101,503,000

4.) the expansion plans that will increase capacity - by end of the year new factories new production lines.
5. ) target focus market in Latin America with fewer competition leveraging on Ansell's connections and brand management.
6. ) ASP hikes
7. ) their relatively low price and low PE ratio means that there is more yield and more upside- that is why it has the highest volume of trade amongst all the glove stocks surpassing even Comfort and Rubberex ...

THAT IS THE POWER OF CAREPLS SEE IT SCALE NEW HEIGHTS TO TP:9.00 in the coming month... the time is ripe for an explosion.

SOP guys SOP this includes hand sanitisers PPE and gloves. 3 major components. prevention together with vaccine - it goes together not cancelling each other out. BE SMART THINK SMART, NOT BE FOOLISH LIKE THE BUNCH OF FOOLS out there who just blindly follow market sentiments. smart people buy on weakness sell when the fools realise their mistakes. So we must now buy because glove price is still very cheap now. Wait until the subsequent quarters of exponential profits. I bet with you carpels will be trading at 15.0 one day and you wlill be shocked. 4.00 now is like dirt cheap

Of course la... any logical person will also know that vaccine will not reduce but increase glove demand...otherwise why you think the glove companies is embarking on an aggressive expansion plans buying more factories and land and expanding production? All only starting next year...and new players entering into glove business. Why? even with the vaccine this is happening? do you think the businessmen are so stupid to throw away their billions? come on...don't be a fool...look at the H1N1 and the bird flu epidemic years ago, it kept top glove business expanding for up to 5 years after the epidemic was brought under control. can you imagine? and this Coronavirus is an bigger pandemic on a global proportion ... this glove demand will last for years!

19 Aug | 08:13pm

EVENING 5: More OPR cuts in the offing?
Both RAM Rating and AmBank seem to think that another OPR cut is looking more likely.

Guys one more catalyst coming up - BNM is scheduled to cut more interest rates in Sept...

https://www.theedgemarkets.com/content/evening-5-more-opr-cuts-offing-1

truth is, carepls volume is the highest of all the glove stocks and the glove rally has not even started yet. the story has a long time more to run...2020 the year for gloves. Enjoy it while you can... once in a lifetime opportunity

https://www.theedgemarkets.com/article/selling-pressure-big-four-glove-stocks-continues

CGS-CIMB Research analyst Walter Aw said the research firm stayed "overweight" on the sector, saying that the current retracement in share prices of glove stocks offers attractive investment opportunities as glove manufacturers are key beneficiaries of strong global glove demand stemming from the Covid-19 pandemic.

Commenting on the outlook for glove stocks, he said that glove makers’ order book visibility remains strong until the first half of 2021 (1H21) and average selling prices (ASPs) had continued to increase in the near term.

“We understand that most of the glove makers are still increasing their ASPs on a monthly basis due to favourable demand-supply dynamics. Therefore, we believe the increased demand and ASP hikes should lead to sequentially stronger results for all the glove makers,” added Aw.

“On the contrary, MARGMA believes that imposing a windfall tax on glove companies could spur these companies to expand overseas, especially in countries with better tax incentives and a sufficient workforce. Hence, the Malaysian government may potentially miss out on more tax payments from these expansions in the long run,” said Aw.

look at TOPGlov, the people there have so much faith holding that is why it goes up...they know the value of glove stocks. so here also we must believe in it. And the yield is even better here becasue the price is much cheaper.

bella@ have to be patient. stock market cannot simply just hike up like that. must build base first...if no one is holding the thing cannot go up. that is why i told you all so many times, have faith and just hold. don't want to buy more just hold.

ok la friday will be a show the base is now set firm for a rally

I can see a lot of collection at the desired price forming a very solid foundation of holders...

wave has started...

the wave is starting soon ...

when top glove goes up all gloves will follow suit. it is like a leader ... so nothing to worry ...

https://www.thestar.com.my/business/business-news/2020/08/19/cgs-cimb-research-stays-overweight-on-glove-makers#cxrecs_s

BUY CALL!

MQ Research believes the recent pullback in share prices is an opportunity to ACCUMULATE.

MQ Research believes the recent pullback in share prices is an opportunity to ACCUMULATE.

MQ Research believes the recent pullback in share prices is an opportunity to ACCUMULATE.

guys, steady hands win it all, weak hearts will earn kopi money...haha

A GENTLE REMINDER OF THE CATALYSTS AHEAD FOR GLOVES:

1. flu season starting in the UK/Europe soon- the amount of coronavirus cases will soar like mad. and I am sure that the vaccine is not ready yet.
2. amount of spot orders for gloves will peak very soon because of the severe shortage. Now, the gloves companies have confirmed that they will increase the ASP for Sept by 20%. - more profits more exponential growth - more money coming in.
3. bonus issues for TG and SPMX
4. BNM may cut interest rates again in Sept to spur the weak economy due to the severe GDP contraction. More money in the stock market and of course they will buy gloves because this is the obly company that makes money and big monies haha...
5. TG Kossan and Comfort Q2 results coming out ... be prepared for a rally again.

In the meantime, let's just sip coffee today relax and work ....earn more money to pump into gloves haha...just wait for the price to go up...which it will.

tomorrow public holiday, understandable that investors want to take profit. just remain steady...

i can see the price stabilising, indication of an impending hike up soon

I can assure you, if it drops again, I am buying all in...

let it come...people need to get used to the fact that vaccine improves glove usage ...

Ray@ the worst drop is over. you have not seen when we were struggling when it hit 3.05. but we held on because we know the value. this is nothing la. just some people taking profit. and wanting to hit and run...

haha yea more vaccine talk...good good more vacine - MEANS MORE GLOVES NEEDED! bring all the vaccine out, gloves will pancut even more. Thanks for your news steadysuperman@ now you can go to the pharma counter to buy their stocks...don't pusing pusing here wanting to buy glove cheap. sorry man you have no faith you got to buy it expensive!

haha...cut off from other counters... look at the other counters dropping... here is the paradise for all...it will go up. now is the consolidation phase like what happened when carepls was trading at below 2 trying to break the barrier. it may happen for days. but when it break, it will rocket. also some jittery traders newbies wanting to do hit and run. let them...they are missing out on big gains.

this is the last chance for everyone to collect cheap...i am also going to buy a bit. haha

let them be...we have to remain united. there are no more stocks out there for them to buy that can give them this kind of gains. they need to come to gloves.

ok guys don't limit up that's true. control control don't buy too much...

let the weak holders go, we don't need them in our ship ...

new lockdown in Lebanon due to coronavirus...the virus rages on

Lebanon orders two-week shutdown after COVID-19 surge

BEIRUT (Reuters) - Lebanon's interior ministry ordered businesses across the country to shut down for two weeks and enforced an overnight curfew from Friday after a rise in coronavirus infections.

Tuesday's decision allows for clearing rubble, making repairs and giving out aid in neighbourhoods demolished by the Aug. 4 blast in Beirut. The airport will remain open, with travelers having to take a PCR test before boarding.
Lebanon has registered record numbers of daily infections that have crossed 400, with its tally on Monday standing at 9,337 cases and 105 deaths since February.

more coronavirus and more interest rate cuts, the stock market will remain super-buoyant especially all healthcare and glove counters.

Guys another catalyst coming up - BNM may cut interest rates in sept again...with the GDP at an all time low and the economy so weak, another rate cut may happen.

One more OPR cut this year, in September?

KUALA LUMPUR (July 8): Hong Leong Investment Bank Research (HLIB) is not discounting the possibility that Bank Negara Malaysia (BNM) will cut the overnight policy rate (OPR) by another 25 basis points (bps) to 1.50% by as early as its next Monetary Policy Committee (MPC) meeting in September. “Consequently, as economic activity is expected to remain weak and inflation prospects modest, we think it’s possible for BNM to reduce the OPR by another 25bps as early as its September MPC meeting to bring it to 1.50%.” the research house concluded.

Latest news.

PARIS (Reuters) - The French health ministry reported 2,238 new confirmed coronavirus infections on Tuesday.

On Monday, when the number of reported cases typically falls sharply, the ministry had reported 493 new cases, after reporting more than 3,000 each on Sunday and Saturday.
The seven-day moving average of the case count, which smooths out daily reporting irregularities, has now been above 2,000 for five consecutive days, which was last seen around the middle of April.

"We believe there are still legs to rally and it is only in midst of a rerating," said HLIB Research in its report dated July 6, anticipating the glove sector to deliver stronger results in the second half of the year.

"In the past, we saw formation of a new PER average whenever there is a pent-up demand cycle. Also, the sector has not seen peak quarterly earnings yet, which suggests there is still room for upside as per our study during the H1N1 episode(back then it took roughly five quarters to hit peak profit and there was strong correlation to share price performance).

"Besides, it is one of the rare sectors presently that have strong visible earnings growth, further justifying the premium. Moreover, there is potential of a Covid-19 second wave," the research house added.

one thing special about carepls is that it follows the supermax model, OBM its JV with Ansell group allows it to market its glove under its own brand name. so when the ASP hikes up, it profits the most from it. Now it is building another production line to ramp up production.

best of all, they have the exponential profits to show and still within reasonable PE ratios to trade. The rally has just begun... this is just the start, 2020 is not over yet. Q3 results have not even been released yet which many foresee will reflect the peak of the ASP hikes. many more catalysts to come. vaccine is also one of them. the use of vaccine is foreseen to increase glove demand. SOPs will increase glove demands. that is why you see all the glove companies reinvesting to build more factories why? because they know the demand is so much until end of next year then only can stabilise. can you imagine how many more quarters to pancut this thing? i won't be surprised this thing come jan next year trading at 15 bucks and top glove is trading at 25 bucks after bonus issue.

like i said if the market don't kao kao all the glove counters to at least double digit, they will not rest.