Posted by davidkkw79 > 2022-05-27 19:24 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3263118

Posted by BursaVulture > 2022-05-27 19:43 | Report Abuse

Historically for a long time it was around 10 cents ++ before covid. Careplus is going to drop below 10 cents... RIP to those that bought at RM4.00+

Simple math:

RM1.00 drop to RM0.50 = RM0.50 drop = 50% drop
RM0.50 go up to RM1.00 = RM0.50 up = 100% up

So....

RM4.00 to RM0.10 = RM3.90 drop = 97.5% drop
RM0.10 to RM4.00 = RM3.90 up = 4000% up

Good luck....

Posted by samadk > 2022-05-27 21:55 | Report Abuse

besok terjun lagi

Posted by Sanatan > 2022-05-28 00:12 | Report Abuse

Seriously I thought this Company was well managed, looks like I was wrong.

Posted by Sanatan > 2022-05-28 00:13 | Report Abuse

Should I sell and get out of the gloves business ?

Posted by hoot9e996 > 2022-05-28 00:53 | Report Abuse

gloves counter are expected quarter losses anyway not the first gloves to report QR loss.
already stuck high, all time low (may go lower) but how low you want it to go.
u sell at a loss, buy what counter? from what i know
you sell at a loss = buy something else you lose there also.
overall market isnt doing well

Posted by Legend > 2022-05-28 09:51 | Report Abuse

KUALA LUMPUR (May 27): Glove maker Careplus Group Bhd recorded a net loss of RM37.7 million for the first quarter ended March 31, 2022 (1QFY22), plunging from a net profit of RM123.5 million a year prior due to a decline in average selling price (ASP), lower sales order from key customers, higher raw material prices and hike in utilities costs.

According to the group’s bourse filing on Friday (May 27), revenue fell by 65.9% to RM82.3 million from RM241.3 million while earnings per share came in at 6.64 sen compared with 22.98 sen previously. It did not declare any dividends.

"This (the decline in ASP, lower sales orders, higher raw material prices and hike in utilities costs) is further compounded by labour shortages and low utilisation rate of existing production capacities that contributed to production inefficiency losses," said Careplus in the financial results statement released on Friday.

Posted by StartOfTheBull > 2022-05-28 11:36 | Report Abuse

The writing is already on the wall.

Posted by alibiii > 2022-05-28 13:50 | Report Abuse

Low utilisation rate is due to lower demand. But what the heck labor shortage? More labour do what? Sit at hostel makan gaji buta?

Posted by goody99 > 2022-05-29 23:51 | Report Abuse

Sanatan, its share price is not yet below pre-pandemic level while some other glove stocks are below pre-pandemic level. If I were you I would be prudent and sell now because we do not know how many loss-making quarters we are going to see. Besides, those below pre-pandemic level are better value, in my opinion.

Posted by DickyMe4 > 2022-05-30 10:59 |

Post removed.Why?

Posted by Ryan83 > 2022-05-30 11:00 | Report Abuse

Careplus next QR loss will be higher as ASP keeps falling and increasing higher raw material and logistic costs every month...Careplus pre pandemic price less than 20 sen

Posted by DickyMe4 > 2022-05-30 11:02 | Report Abuse

Superb performance!
From high above RM 5.60+, now licking bottom around 50 sen.
90+% value gone up in smokes!

Posted by khatulistiwa1234 > 2022-05-30 15:33 | Report Abuse

LIES STOCK , beginning until now , ALL IS CHEAT .

Posted by khatulistiwa1234 > 2022-05-30 15:34 | Report Abuse

HOW TO LOSE 350 MILLION in a quarter ? , if not LIES , is WHAT ?

Posted by khatulistiwa1234 > 2022-05-30 15:34 | Report Abuse

ENOUGH THE PIRATE STOCK ..... DEVASTATE IS MY ANGER .

Posted by khatulistiwa1234 > 2022-05-30 22:45 | Report Abuse

AGM BOYCOTT , I WILL DELIVERY BOMBSHELL NUCLEAR < TERMINATED THE DISASTER .

Posted by khatulistiwa1234 > 2022-05-30 22:46 | Report Abuse

IT worth PRICELESS AFTER MY VERIFY .

Posted by khatulistiwa1234 > 2022-05-31 07:53 | Report Abuse

Changed CEO .

Posted by khatulistiwa1234 > 2022-05-31 07:53 | Report Abuse

I introduce the NEW CANDIDATE as well .

Posted by khatulistiwa1234 > 2022-05-31 07:53 | Report Abuse

PROXY given , exchanged interest .

Posted by CUTLOST > 2022-06-01 15:17 | Report Abuse

Bot again 515

Posted by Loh Kok Wai W > 2022-06-02 12:57 | Report Abuse

Back to 0.30...all glove counter on the way....penny stock....

Posted by Loh Kok Wai W > 2022-06-02 13:17 | Report Abuse

All Glove countersc need to transfer to Muzium Negara...

Posted by bjgdila123 > 2022-06-02 18:21 | Report Abuse

market mcm ular ... pi mampus

Posted by Legend > 2022-06-02 20:03 | Report Abuse

Sudah lama makan roti kosong

Posted by VTrade > 2022-06-02 20:11 | Report Abuse

Roti kosong pun dah naik harga
Jangan simply jump masuk market pool
Kena pastikan sendiri ada baju renang

Posted by KLLee_0110 > 2022-06-03 06:24 | Report Abuse

The marketing team of this counter should be sacks cause the sakes to drop so much. They should focus like Taiwan facing heavy covid 19 & planning all the world where health care product or gloves was very less go to the country to do more promotion not base on Malaysia only.

Posted by KLLee_0110 > 2022-06-03 06:31 | Report Abuse

They don’t really do businesss & let the share prices keep falling down. One day big company will start buying up all the share prices if keep falling.

Posted by MTOUCHE1818 > 2022-06-07 17:02 | Report Abuse

khatulistiwa1234 is around. no wonder the share px is downtrending.

Posted by khatulistiwa1234 > 2022-06-09 16:34 | Report Abuse

White shield man back , back to 2.00 SOON .

Posted by khatulistiwa1234 > 2022-06-09 16:35 | Report Abuse

MAIN BOARD .

Posted by khatulistiwa1234 > 2022-06-09 16:36 | Report Abuse

LIMIT UP ON TOMORROW .

Posted by Apple2353 > 2022-06-09 16:42 | Report Abuse

the mad man has just resurrected.. this forum will be jammed up with all his nonsense

Posted by khatulistiwa1234 > 2022-06-09 16:52 | Report Abuse

OFF SHORE CRAZY BULK IN THIS STOCK < HEARD TOMORROW GREAT NEWS AHEAD .

Posted by khatulistiwa1234 > 2022-06-09 16:53 | Report Abuse

INSANE WAD GIVEN STATEMENT < MANY WILL CRAZY EARNING .

Posted by khatulistiwa1234 > 2022-06-09 16:54 | Report Abuse

0.57 - 0.90 - 1.25 - 2.00 IS JOURNEY .

Posted by khatulistiwa1234 > 2022-06-09 17:10 | Report Abuse

SUNSET TO SUNRISE ALL TIME IS A CYCLE PROCESS .

Posted by khatulistiwa1234 > 2022-06-09 17:11 | Report Abuse

NOT LOW < BUT LOWER < NOT LOWER BUT RISING BACK >

Posted by khatulistiwa1234 > 2022-06-09 17:12 | Report Abuse

BELIEVE ON YOUR CONFIDENCE .

Posted by khatulistiwa1234 > 2022-06-09 17:12 | Report Abuse

IT WILL OVER PREVIOUS HIGHER ..... THAT CALL SYNDICATE POWER ROOF .

Posted by khatulistiwa1234 > 2022-06-09 17:13 | Report Abuse

I AM THE MOVIE MAKER .

Posted by khatulistiwa1234 > 2022-06-10 08:53 | Report Abuse

Resistant 20 , 50 and 100 will indicate the REAL DIRECTION , retailer on CONFIDENT MAKING THE KING IMAGE .

Posted by khatulistiwa1234 > 2022-06-10 08:54 | Report Abuse

ONCE TSUNAMI , IT WILL LEAP HIGHER .

Posted by khatulistiwa1234 > 2022-06-10 08:54 | Report Abuse

I BELIEVE THE WEIRD ACTION .

Posted by khatulistiwa1234 > 2022-06-10 08:55 | Report Abuse

POOR MOMENT IS CORRECT TIMING PULL EVEN FIERCE >>>>> SYNDICATE POTENTIAL WE VERIFY .

Posted by khatulistiwa1234 > 2022-06-10 08:56 | Report Abuse

FORESEEN ANOTHER MIRACLE TODAY .

Posted by khatulistiwa1234 > 2022-06-10 09:02 | Report Abuse

SPY FIRM ASK JOIN BOAT >>>>>> GUARANTEE RISE

Posted by khatulistiwa1234 > 2022-06-10 09:02 | Report Abuse

CARNIVAL TODAY

Posted by khatulistiwa1234 > 2022-06-10 09:03 | Report Abuse

CAREPLUS LIMIT UP PENDING