We are targeting to install four new lines by the end of this year, another 15 new lines by mid-2021, with an additional nine lines in the planning stage to be completed by end 2021. - careplus
If you are so confident Careplus will make lots of money next year, then mah sing will also make lots of money, and on top of it mah sing has a very profitable property business. It will make more than Careplus will ever make during the pandemic
@bigprice chill..not ur fault at all..when were the last time u see we had a news of our government want to propose national emergency? for all i remember the last time we had it was in 1969..i do sense that we still have the opportunity to reenter monday onwards..unless our king make any announcement, i guess next week the sentiment will still be the same as today
Alot of noobs here cannot even counter a single point I made. Why? They never even bother to research. They bought because Careplus has the best price action. But they call themselves investors. Lololol
Actually, investing is more simple than you think. I sometimes feel these newbies, dumbos, ignoramuses are irritating, really stupid to a point it gets on mu nerves. I m okay with rude, bad, people, people who are mean. I can tolerate. But stupid people, I cannot accept. They are more harmful to the community than bad people. Stupid people really make me disgusted, and annoyed. But still I pity them for not knowing how to invest. Pity them for not having the virtues of investing. Number 1 is patience. Number 2 is value is not price.
Foker If you are really knowledgeable and so called smart, you would have known why Mah Sing have been on a downtrend since many years ago.
Just a basic example for you. Compare how much revenue both Careplus and Mah Sing is making, and what is their net profit. Ask yourself, why is net profit of Mah Sing so less?
I don't care if Mah Sing is making few hundred million revenue, but net profit less than 20-30m. What's the point? Where is the value?
Please do some study on their share price, market cap, EPS, to name a few before considering yourself a knowledgeable investor.
For sure is Daddy , because my dad has income and my mum is a fulltime housewife hahhaha. Second answer is I will take both , because my portfolio has these stocks hahaha
Cash is cash. It doesn't matter whether is it made from properties, or made from gloves. I compare mah sing because Mah sing ventured into gloves. This will definitely help them to maintain their fy2019 bottom line, or even boost it above it. Analyst have given it RM 150 million in profit from gloves alone in fy2021. So, yeah, it will make more than Careplus.
Careplus returns to the black in 3Q on higher glove sales Tan Siew Mung / theedgemarkets.com
October 23, 2020 19:53 pm +08
The group said it is targeting to install four new lines by the end of this year, another 15 new lines by mid-2021, with an additional nine lines in the planning stage to be completed by end-2021.
The firm is now running 29 lines with an annual capacity of 4.62 billion pieces of gloves. As a result, the group will have 57 production lines with an annual capacity of 10.5 billion pieces of medical and surgical gloves by end-2021.
Careplus will also increase surgical glove packing facilities from 72 million pairs to 288 million pairs annually by end-2021.
“We will be investing RM10 million to automate our new lines to reduce our dependency on production workers. At the same time, we will be renovating our newly purchased budget hotel to be converted into workers’ hostel (pending approval by the authorities) to attract more local workers to join us.
“Barring any unforeseen circumstances, we are confident we will be able to commission and run all the production as planned,” it said.
You need the great fundamentals for your long term investing
But if you could double or triple your money in the short term, you would be a fool to refuse that, becos you could then plough back that doubled or tripled capital of yours into your long term investment.
That is what the short term price action is for
There is nothing stupid at all about investing short term for the price action
When you bring your money to the bank, the bank manager does not ask you whether it was obtained from investing on price action or investing on great fundanentals
BTW, matatiga seems to have a big trouble getting his facts straight. He get every figure wrong, match the wrong QR to another QR, have no idea what is profit. I m ignoring him from now on. I m okay with the rest. But matatiga is stupid. Period. I hate stupid people. Sorry, but I hate them more than bad people.
Okay, but how much profits have you made from short term price action? If you can guess the price movement of Careplus correct two times straight for two days. I congratulate you. If you can guess it right 6 out of 10 times, you will become quite successful.
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....
GrowingRich
2,700 posts
Posted by GrowingRich > 2020-10-23 20:50 | Report Abuse
It always eventually gives way to fair weather