Posted by mobbs68 > 2020-10-23 21:42 | Report Abuse

KUALA LUMPUR (Oct 23): Rubber glove manufacturer Careplus Group Bhd returned to the black with a net profit of RM42.86 million for the third quarter ended Sept 30, 2020, from a net loss of RM4.94 million a year ago.

In a bourse filing, the group attributed the turnaround to higher glove sales, higher utilisation rate and higher selling prices as a result of surge in demand due to the Covid-19 pandemic.

The profit attributable to owners also includes the 50% sharing of profit earned from the joint venture between Careplus M Sdn Bhd and Ansell Services (Asia) Sdn Bhd.

Careplus said quarterly revenue jumped 45.49% year-on-year to RM122.71 million from RM84.34 million, on the back of higher selling price and better capacity output.

For the nine months ended Sept 30, the group also was back in the black with a net profit of RM80.21 million, from a net loss of RM6.53 million in the previous corresponding period.

Nine-month revenue rose 35.07% to RM346.3 million, from RM256.39 million previously.

“The cumulative profits have increased significantly as a result of higher sales volume, average selling price and better production efficiency.

“It included a one-off gain of RM15.4 million from the disposal of 50% equity interest in Careplus for the joint venture with Ansell in the second quarter,” said Careplus.

Posted by MataTiga > 2020-10-23 21:42 | Report Abuse

Posted by TeamRocket > Oct 23, 2020 9:31 PM | Report Abuse

There is one off gain from the selling careplus m to ansell rm15million!!! Their actual gain is very low!!!]

This is last quarter. Not this quarter. Actual gain last quarter is only RM21m (RM36m - RM15m).

Hence, profit has doubled this quarter. RM42m compared to RM21m.

Posted by YNWALFC > 2020-10-23 21:42 | Report Abuse

foker, really u r no quality.

mah sing is no production, no nothing, dreaming of making gloves, riding the gloves bandwagon.
no experience, no network, no suppliers, no glove recipe, no expertise, no labors, no QC, no brand, no FDA.

carepls is actual production, actual demand, actual sales & actual profits.

u wanna sing mah sing good, go ahead @ mah sing forum.
do u need to give negative rubbish & hate to carepls owners here?

really pariah & really despicable.

earn living also can earn it in an honest & respectable way.
really scum of the earth.

Posted by mobbs68 > 2020-10-23 21:42 | Report Abuse

“It included a one-off gain of RM15.4 million from the disposal of 50% equity interest in Careplus for the joint venture with Ansell in the second quarter,” said Careplus.

Posted by bullgoup123 > 2020-10-23 21:42 | Report Abuse

bigprice Nah don't be regret, you never know what will happen tomorrow, at least you have some return

Posted by SaveMsiaFromPHGov > 2020-10-23 21:42 | Report Abuse

Say, how about buying both CarePlus & Mah Sing?

There is no law against that, is there?

Money is still money, wherever you can put it to make it grow & multiply

Posted by keown83 > 2020-10-23 21:43 | Report Abuse

@ingoodcrowdtogrow except me, everyone here is millionaire, Foker is billionaire, TS Koon Yew Yin is nothing compare to this fella..all hail Foker the great billionaire investor king!

Posted by shirolsz > 2020-10-23 21:44 | Report Abuse

@bigprice, it's okay. we all have our time. Maybe you can gain more in the next quarter. I had my bad time during Sept can only watch the share plummeting every day but cannot average more because I don't have money left to top up

Posted by Foker > 2020-10-23 21:46 |

Post removed.Why?

Posted by Foker > 2020-10-23 21:48 |

Post removed.Why?

Posted by SaveMsiaFromPHGov > 2020-10-23 21:48 | Report Abuse

It is not only about how long you have been in a business

It is also about how fast you learn it, improve it & grow it

Knowing a girl longer does not necessarily gv you a better chance of winning her heart than a new latecomer who might be more skilful than you at winning a woman's heart

Posted by patrickngtt > 2020-10-23 21:49 | Report Abuse

sales revenue grew only 3% meaning they couldn't capture more market share even during this pandemic.

Posted by patrickngtt > 2020-10-23 21:50 | Report Abuse

they won't be able to maintain this level of profit cum next quarter, these two quarter gained from selling their share to ansell

Posted by MataTiga > 2020-10-23 21:50 | Report Abuse

Hmm..ain't you contradicting yourself then? :)

Hope you will learn and find the mistakes being made by all your points below. Good luck!

Posted by Foker > Oct 23, 2020 5:13 PM | Report Abuse

Careplus is hot air, zero substance, owned by supergoreng shareholders who give no shit to fundamentals.

1. Last QR, Careplus sold half their glove subsidiary. Why sell when you will make supernormal profits? Now they sold, they only get 50% of their glove profits?

2. When vaccine comes, Careplus will be the first to be hit, the first to have lower profits, mayb loss. They have been loss making last decade, this means nobody wants their gloves. Now with vaccines, glove demand start to normalised, customers won't buy from Careplus, they have better options with comfort and big 4. That is why vaccine is 10 times worst for Careplus. Maybe big 4 and comfort still selling hot cakes, but careplus? Dunno wor.

3. Careplus too expensive? Even a property business like Mah Sing made 200 mil, Careplus, the best maximum best scenario this year is also 200 mil? Why buy Careplus, its share price may go very low because it can't sustain its profits. Even Mah Sing can sustain its profits with its property business alone. It is even lousier than a property business. Think about it. Even with all the negativity around Careplus, it is still priced at PE 60 vs comfort pe 30. Twice as expensive, thrice lousier.

4. There are so many better opportunities out there in the glove sector. Don't waste your time in Careplus, it is the most expensive, least rofitable, least attractive business in the glove sector.

Smart investors know these. Don't get fooled by some parties who claim Careplus is better than comfort. Why buy the 10th best when you can buy all of the best. Be smart, logical have common sense.

Posted by mobbs68 > 2020-10-23 21:51 | Report Abuse

Tiu Nia Sing oops sorry MahSing the tin kosong
What they know about glove making?
They just take advantage to ride on the GloveRush
Focker aka Fxxker is a psychopath

Posted by SaveMsiaFromPHGov > 2020-10-23 21:55 | Report Abuse

Dear oh dear

These guys are so much into arguing & argument winning

Time for coffee now

Have fun, guys

Posted by bullgoup123 > 2020-10-23 21:55 | Report Abuse

Guys no need to spend time on this thing hahaha today is friday hahaha

Posted by Foker > 2020-10-23 21:56 |

Post removed.Why?

Posted by MataTiga > 2020-10-23 21:56 | Report Abuse

Haha im out too.

Talk to these kinda stubborn people really tiring. Only they are forever correct haha.

Posted by SaveMsiaFromPHGov > 2020-10-23 21:58 | Report Abuse

Hey fellas

They say ahmoying is like a thousand times more pleasurable than arguing

Just saying

Posted by mobbs68 > 2020-10-23 21:58 | Report Abuse

Another Gong 1 or retard patrickngtt,cant u understand or read english

patrickngtt they won't be able to maintain this level of profit cum next quarter, these two quarter gained from selling their share to ansell


KUALA LUMPUR (Oct 23): Rubber glove manufacturer Careplus Group Bhd returned to the black with a net profit of RM42.86 million for the third quarter ended Sept 30, 2020, from a net loss of RM4.94 million a year ago.

In a bourse filing, the group attributed the turnaround to higher glove sales, higher utilisation rate and higher selling prices as a result of surge in demand due to the Covid-19 pandemic.

The profit attributable to owners also includes the 50% sharing of profit earned from the joint venture between Careplus M Sdn Bhd and Ansell Services (Asia) Sdn Bhd.

Careplus said quarterly revenue jumped 45.49% year-on-year to RM122.71 million from RM84.34 million, on the back of higher selling price and better capacity output.

For the nine months ended Sept 30, the group also was back in the black with a net profit of RM80.21 million, from a net loss of RM6.53 million in the previous corresponding period.

Nine-month revenue rose 35.07% to RM346.3 million, from RM256.39 million previously.

“The cumulative profits have increased significantly as a result of higher sales volume, average selling price and better production efficiency.

“It included a one-off gain of RM15.4 million from the disposal of 50% equity interest in Careplus for the joint venture with Ansell in the second quarter,” said Careplus.


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.

Careplus shares fell 12 sen or 3.08% to RM3.7


patrickngtt they won't be able to maintain this level of profit cum next quarter, these two quarter gained from selling their share to ansell

Posted by VenFx > 2020-10-23 22:01 | Report Abuse

[ lets do some maths ]


Well done careplus,

Careplus s (3rdQ'2020) s PAT almost same ~ comfort s $42.8mil
Year Roll over 4quoter : e.p.s at 15.06cts > comfort s 13.22cts
Share price as on 23.10.2020 : $3.78 < comforts s $4.30
net profit margin by 23.2% > comfort s 16.8%


Careplus s production capacity escalating amazingly,
from currently 4.62bil. pcs glove to 10.5 bil by end of 2021 .

Am impress with curiosity to see Careplus vs Mahsing;
who shall has stronger muscle to conquer the 6th or perhaps 5th Biggest glove producer title in 2021 ?



MY CONCLUSION
careplus shud worth an immediately re-rating FV at ($6.76 / share)
Lets invest patiently and pray for the bests .

Thank you !

Posted by mobbs68 > 2020-10-23 22:04 | Report Abuse

The super GonG 1 cum retard Focker n patrickngtt

Posted by Foker > 2020-10-23 22:06 | Report Abuse

Mobb you also a retard. How you answer the 3 percent revenue growth

Posted by davidong > 2020-10-23 22:08 | Report Abuse

VenFx and mobbs well written

Posted by mobbs68 > 2020-10-23 22:09 | Report Abuse

They just denying the facts
Just argue for the argument sake
What a psychopath

Posted by KK > 2020-10-23 22:12 | Report Abuse

An impressive quarterly net profit of 43 million of EPS 8 sen , foresee that it will cross over Comfort price in next week. By year 2021 when all new production lines are install it will be a black horse leading the rest behind top 4...

Posted by Foker > 2020-10-23 22:14 | Report Abuse

43 million wow. Comfort from April to Jul already 43mil.

Careplus, give you 2 months advantage, from June to set, only 43 mil. Everyone can see for themselves.

Posted by Foker > 2020-10-23 22:15 |

Post removed.Why?

Posted by KK > 2020-10-23 22:15 | Report Abuse

With PE ratio of 25 is the most undervalue glove stock listed in Bursa

Posted by mobbs68 > 2020-10-23 22:16 | Report Abuse

Hey Fxxker go read the edge news i posted
What a retard that denying higher margin is much better than volume sales
So what about Mah Sing or Comfort huge volume sales but with a peanut profit compare with Careplus

Posted by TeamRocket > 2020-10-23 22:18 | Report Abuse

The Gain from selling of the share is put in last quarter and also this quarter laa,.. which gong kia say is only last quarter? This quarter is 42-15= 27million only laaa

Posted by TeamRocket > 2020-10-23 22:18 | Report Abuse

Gong kia, don’t get cheat by the figures

Posted by Foker > 2020-10-23 22:18 | Report Abuse

Read already lor, lousy news. Peanut profit? RM 200 mil last year? Peanut? This year because of covid and bad property market, maybe RM 100 mil, haven't calculate glove venture wor. Don't forget mah sing net cash alone already more than Careplus ever make in their life. Lolololololol

Posted by mobbs68 > 2020-10-23 22:21 | Report Abuse

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.

Posted by MataTiga > 2020-10-23 22:25 | Report Abuse

Brother, you know what is ONE time gain or not? This ONE time gain is in last quarter already.

TeamRocket The Gain from selling of the share is put in last quarter and also this quarter laa,.. which gong kia say is only last quarter? This quarter is 42-15= 27million only laaa

Posted by CHONGweiboon1119 > 2020-10-23 22:27 | Report Abuse

Shut up FOker and TeamRocket, wanna to scam and scare people lar. Go back asshole comfort please. Diam la babi Foker and Teamrocket,

Posted by YNWALFC > 2020-10-23 22:27 | Report Abuse

revenue increased marginally from 118M to 122M, but profits doubled from 21M (after minus Ansell sale) to almost 43M. That's efficiency! well done Carepls Mgmt.

also taxation allocation from 1.9M to 6.9M which is inline with increased profitability.

Looking forward to the increased capacity in Q4 & increased profitability.
Winter is coming, hospitals are stocking up on gloves.

All gloves companies should rise together!

Posted by CHONGweiboon1119 > 2020-10-23 22:28 | Report Abuse

Dont know how to read qr still wanna talk cock, babi Foker and TeamRocket, careplus PE lower than comfort, come back comfort if not get loss to your own place

Posted by Parrot > 2020-10-23 22:29 | Report Abuse

I do think that if gloves stock rises, it will be late next week after all CW's for big 2 expires..All rise together n fall together just in different steps..

Posted by mobbs68 > 2020-10-23 22:30 | Report Abuse

TeamRocket n Fxxker both r school drop out , dont understand what they read, what a retard

MataTiga Brother, you know what is ONE time gain or not? This ONE time gain is in last quarter already.

TeamRocket The Gain from selling of the share is put in last quarter and also this quarter laa,.. which gong kia say is only last quarter? This quarter is 42-15= 27million only laaa

Posted by CHONGweiboon1119 > 2020-10-23 22:30 | Report Abuse

please dont talk bad about any share if you no hold it and badmouth, otherwise get lost from here. Babi Foker and Teamrocket

Posted by CHONGweiboon1119 > 2020-10-23 22:31 | Report Abuse

Teamrocket and Foker come again dont disturb people, get lost back to comfort please babi

Posted by YNWALFC > 2020-10-23 22:32 | Report Abuse

i have held comfort, harta, HLT, kossan, ruberex. now sold all of them & now hold carepls, supermax & TG.

carepls when i 1st bought was 29sen back in early april.
when i 1st bought supermax was 1.71 also back in april.
TG only bought recently EP RM24 before BI.

so yes, all gloves should rise together. No need condemn.

Posted by mobbs68 > 2020-10-23 22:33 | Report Abuse

For the nine months ended Sept 30, the group also was back in the black with a net profit of RM80.21 million, from a net loss of RM6.53 million in the previous corresponding period.

Nine-month revenue rose 35.07% to RM346.3 million, from RM256.39 million previously.

“The cumulative profits have increased significantly as a result of higher sales volume, average selling price and better production efficiency.

“It included a one-off gain of RM15.4 million from the disposal of 50% equity interest in Careplus for the joint venture with Ansell in the second quarter,” said Careplus

Posted by Parrot > 2020-10-23 22:33 | Report Abuse

That will be the cause pending no bad sentiments..If Covid cases drops, politics uncertainties, stimulus fails, vaccine dumb stories, US elections despite ever increasing ASP then it will not help..Nowdays, half baked potatoes can raise or drops the share price..

Posted by KK > 2020-10-23 22:34 | Report Abuse

After deducting the Anseel disposal profit 15.4 million last quarter the net profit is actually 27 million generated from glove sales but 3rd quarter profit is 43 million meaning that the profit generated from glove production is double in one quarter . With the new lines to be install and increasing of ASP price due to a second wave of covid, the next quarter profit will be more than 43 million . Conservative forecast that it will be around 60 million by 4th quarter . The present price is definetely undervalue.. .

Posted by CHONGweiboon1119 > 2020-10-23 22:34 | Report Abuse

PE careplus is loweest with QR same as comfort last time, both teamrocket and Foker please answer me who has more room to up. Foker dont me Faker babi, teamrocket come buy careplus if not both of you shut up your mouth, get lost here

Posted by CHONGweiboon1119 > 2020-10-23 22:35 | Report Abuse

Teamrocket and Foker are Gongkia and babi, stupid assole

Posted by davidong > 2020-10-23 22:38 | Report Abuse

Don't know why they have so much time to badmouth in Carepls forum