Posted by Taeyeon09 > 2020-11-17 15:42 | Report Abuse

Below 3 consider very cheap, sapu all

Posted by bigby7 > 2020-11-17 15:52 | Report Abuse

Hello everyone? let me give some positive energy
We help push to 2.80 back ya..

Hohoho

Posted by CUTLOST > 2020-11-17 15:56 | Report Abuse

Ok.. Hope close back above Rm3

Posted by Taeyeon09 > 2020-11-17 15:57 | Report Abuse

Green, time to rocket

Posted by Shark88 > 2020-11-17 15:57 | Report Abuse

unbelievable rebound

Posted by TuaTuaLiap > 2020-11-17 15:58 | Report Abuse

wah seh green liao. go k+ go go go!

Posted by jsteong > 2020-11-17 15:59 | Report Abuse

those who bought at 2.4 this morning really lucky day

Posted by Greed_kills > 2020-11-17 15:59 | Report Abuse

https://simplywall.st/stocks/my/healthcare/klse-carepls/careplus-group-berhad-shares Fair value rm21. apa mau sumore?

Posted by Taeyeon09 > 2020-11-17 16:00 | Report Abuse

Engine start, tp 4.5

Posted by CCbb > 2020-11-17 16:00 | Report Abuse

Finally saw green..

Posted by captenbloom > 2020-11-17 16:05 | Report Abuse

LU soon... Up up up

Posted by Seeyounoup > 2020-11-17 16:05 | Report Abuse

all the buy signal is appreas , i think i will buy back now . hentam 20k shares 1st

Posted by captenbloom > 2020-11-17 16:06 | Report Abuse

Yeayy! Tp 4.50

Posted by ikanbilisjerungwnabe > 2020-11-17 16:07 | Report Abuse

OFFER ABOUT END SOON

Posted by Noobee88 > 2020-11-17 16:07 | Report Abuse

Hahaha:..Careplus is unpredictable!

Posted by captenbloom > 2020-11-17 16:07 | Report Abuse

Hold till achieve tp 4.50

Posted by ikanbilisjerungwnabe > 2020-11-17 16:09 | Report Abuse

BLEEDING AGAIN

Posted by btuscy > 2020-11-17 16:10 | Report Abuse

Run first, will reenter later

Posted by Greed_kills > 2020-11-17 16:13 | Report Abuse

may i ask the TP4.50 is for what time frame? this is a sincere question bcoz i really dont know

Posted by strattegist > 2020-11-17 16:14 | Report Abuse

recovering

Posted by bigby7 > 2020-11-17 16:15 | Report Abuse

Happy ?
Semua happy?

Posted by ahpooki2 > 2020-11-17 16:17 | Report Abuse

https://simplywall.st/stocks/my/healthcare/klse-carepls/careplus-group-berhad-shares

Posted by bullgoup123 > 2020-11-17 16:20 | Report Abuse

This may be the last chance to catch up this reboundddd

Posted by strattegist > 2020-11-17 16:23 | Report Abuse

manyak untung... nice swing

Posted by TheThird > 2020-11-17 16:25 | Report Abuse

Looking at the chart, seems like same pattern forming ass 11th September. Hopefully tmrw can be like 14th September !
Any TA experts like to share?

Posted by strattegist > 2020-11-17 16:31 | Report Abuse

green

Posted by Noobee88 > 2020-11-17 16:32 | Report Abuse

Last Commenr on TA was all support broken ! So can’t really rely on TA now. Honestly this is all pure luck...fundamentals tak boleh pakai for day trading...buy only if you can afford to wait as long as possible for profit. My two cents worth.

Posted by captenbloom > 2020-11-17 16:41 | Report Abuse

Glove stocks are still in higher demand from foreign buyers to avoid CoViD19 infections pandemic spreads worst in Winter flu season now

Posted by captenbloom > 2020-11-17 16:41 | Report Abuse

GLOVEs still in the very HOT highly demand more than supply when Vaccine ain't enough for the CoronaVirus pandemic spreads faster to infect more people and more deaths are coming..

https://ewn.co.za/2020/11/16/vaccine-will-not-be-enough-to-stop-pandemic-says-who-chief

Posted by lavenderguy > 2020-11-17 16:42 | Report Abuse

GO GO GO...I AM STILL TRAPPED AT 4TH FLOOR

Posted by helang82 > 2020-11-17 16:53 | Report Abuse

from price 4.44, average down to 3.92, average down to 3.76, and then 3.2, thanks to the cut loss early

Posted by captenbloom > 2020-11-17 17:00 | Report Abuse

Tomorrow will LU glove stock

Posted by captenbloom > 2020-11-17 17:00 | Report Abuse

Closed green today. Esok gap up

Posted by carnaval > 2020-11-17 17:03 | Report Abuse

I average down twice but the third times choose to cut lost. Sakit jantung already when the price drop down to 2.38...This evening when I check again cilaka glove counter rebounce back. Damn it.

Posted by keown83 > 2020-11-17 17:05 | Report Abuse

chill guys..its most probably technical rebound..it is still a long journey before another bull run for established glove counters..more vaccine news to come before market comeback their sanity..this week everything is about penny stock, everyone is mad about penny stock

Posted by lalazai9 > 2020-11-17 17:22 | Report Abuse

Sapu sapu will rebound like last time on September, easily reach 4.0, ez money haha

Posted by keown83 > 2020-11-17 17:34 | Report Abuse

but still, its a very good hammer candle with volume..shud be a good news tomorrow but dont put your hope too much for bull run..more vaccine news afterwards..can't deney the fact that market keep on reacting to vaccine news & the intensity of the reaction keep increasing..thats why glove sector being forced to a selling mode..imo, until FDA approve some vaccine, we might not going to see glove bullrun for a time being

Posted by GengSaham > 2020-11-17 17:43 | Report Abuse

If u believe careplus..... don't worry about the price

Posted by straxorx > 2020-11-17 17:54 | Report Abuse

downgrade tp. remain tp 4.5 above. then i cash out.

Posted by strattegist > 2020-11-17 18:00 | Report Abuse

closed green

Posted by Noobee88 > 2020-11-17 18:17 | Report Abuse

I agree with known, the super bull runs or bull runs may be over, just be satisfied with a smaller profit. But if you want to wait longer, I believe this will pay off in the future too. All the best guys!!!

Posted by james70 > 2020-11-17 19:12 | Report Abuse

Careplus in 2019 has a production capacity of 4.14b gloves per their 2019 AR:
Careglove Global - 2.40 billion (100% share)
Careplus (M) - 1.32 billion (50% share)
Rubbercare Protection Products - 0.42 billion pieces (100% share)

They had an 85% capacity and out of these 2.4b were latex gloves(69%), 0.9b nitrile gloves(26%) and 0.2b surgical gloves(5%).

Latest 3rd quarter report states a production capacity of 4.62b gloves. Using the same breakdown, we can expect as a base case assumption of (69% x 4.6b latex gloves), (26% x 4.6b nitrile gloves) and (5% x 4.6b surgical gloves). Using an ASP of $60 for nitrile gloves/1k and $40 for latex and surgical gloves/1k, we can project Careplus will have a base case turnover of US$208m for the next 12 months.

3rd quarter turnover was RM122m vs expected RM213m(USD:MYR of 4.1/1). Can we expect the Q4 turnover to be per the projected figures and with a net profit margin of 35%, the net profit to be around RM74.6m? Certainly looks plausible.

RHB on the recent Rubberex report stated rising ASPs. For the base case, Rubberex is projected to have a net profit of RM255m by producing 2.5b nitrile gloves, sold at US$60 per 1000pcs.

With a RM300m net profit, this gives Careplus an EPS of around 54.5sen. A 10x PER will value Careplus at RM5.45 and at 15x earnings, RM8.18/share.

That was the base case. In the recent Qtr 3 report, Careplus stated they will be expanding production to 10.5b gloves by end of 2021. So the upside is huge if glove demand remains robust throughout 2021. Looks like this recent sell down is an opportunity to add a good growth stock to one's portfolio.

Posted by JamesRubin > 2020-11-17 21:05 | Report Abuse

Thanks Mr James70 for such detailed information... Definitely will add positive decision on position held in this share.

Posted by james70 > 2020-11-17 21:34 | Report Abuse

You are welcome JR. Just piecing all the info I have. The upcoming Jan quarter will shed more light as to whether the projected forecast is realistic.

Anyways, it is good to see the major shareholder adding more shares at RM3.05. This indirectly tells us that he too thinks Careplus is going to do a lot better in the coming quarters.

Posted by TonalDrump > 2020-11-17 23:45 | Report Abuse

Company CEO & director Lim Kwee Shyan and his wife Ng Shu Si bought 400k shares of careplus.

According to the M+ app, this news was released at 5.21pm, after bursa closed. If this is the case, we can expect a huge leap tomorrow, possibly a gap up.

Posted by keown83 > 2020-11-17 23:48 | Report Abuse

Topglove, SuperMax, Kossan, Harta, Comfort, Careplus, Ruberex, all these is a proven record real deal profit-making glove counters with real deal future plan..u bought any of these counters is a OK, & will give you a handsome reward for the long run..talk any bad things about Top Glove as u like, but Top Glove has produced a many millionaire investors who started investing in Top Glove 19 years ago with only RM10k & some even lower than that.focus only counter that give u a real deal

the only counter u guys need to be careful right now & afterwards are those 'kompang kuat' yet to run a factory penny glove counter, even AT, let alone Mah Sing

Posted by SaveMsiaFromPHGov > 2020-11-18 00:20 | Report Abuse

Pity them iddiot dikkhedd panicking monkeys gang guys who sold cut loss loss panic selling at 2.38

Posted by SaveMsiaFromPHGov > 2020-11-18 00:20 | Report Abuse

Iddiots

Posted by SaveMsiaFromPHGov > 2020-11-18 00:21 | Report Abuse

Dikkhedds

Posted by SaveMsiaFromPHGov > 2020-11-18 00:21 | Report Abuse

Posted by aphrodite > Nov 18, 2020 12:01 AM | Report Abuse

I have to change a new pair of gloves every time I draw blood or handle new patients. Glove demand down when vaccine comes? No loh.

================

Yes, doctor aphrodite

Thank you so much for your very enlightening input

That is exactly what so many non-stop yelling screaming shouting iddiot dikkheds vaccine fanboys/fangirls still don't understand