ASP increase +20%, then you shall use revenue +20% and then deduct the operating cost to get PBT and PAT. PAT divide number of shares. Only this calculation is correct.
@tcgien,yes it is 60 sens. In fact my calculation is 62.2 sens. I just use the very-very low estimations so that those who is ignorance can digest easier.
The broker institute this no contra guideline to protect the glove traders & investors and remisier mah..if there is a crash alot of people will go bankrupt mah..!!
Better to let some air out 1st mah...!!
If the purchasers are so confident perhaps they should use their own cash to buy...why need to use remisier limit or margin and endanger much more people to the euphoria leh ?...!!
The brokers are right to institute pre emptive strike loh...!!
Posted by stockraider > Aug 17, 2020 12:33 AM | Report Abuse X
This stupid dali say gloves being a commodity they are sign of danger then why he do not allow the brokers to steer away from danger leh ??
I think people should be rational and allow the brokers to take preventive action mah...!!
2nd Quarter before EPS is just 2.31 sen (official) 1st Quarter before EPS is just 5.42 sen (official) The current quarter EPS is just 30.58 sen (official)
Next quarter EPS @36.69 sen (forecast assumed ASP increase 20% ONLY!) So, total 4 quarter EPS is 2.31 + 5.42 + 30.58 + 36.69 = 75.00
My personal opinion on PE for rubber glove company especially the big rubber glove company is around PE 40 to PE 70 during this Covid-19 period.
EPS x PE= Price
75.00 x 40= RM30.00 75.00 x 50= RM37.50 75.00 x 60= RM45.00 75.00 x 70= RM52.50
Based on the PE recently where the Top 4 glove companies namely Topglove, Supermax, Hartalega and Kossan hv achieved P/E 100 and more, it's safe to give a P/E 40 to 70.
Therefor, the price shall be at least RM30.00 to RM RM52.50
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
liewtz06
356 posts
Posted by liewtz06 > 2020-08-12 16:53 | Report Abuse
It is flawed to assume 20% increase in ASP only resulted in 20% EPS increase.