yeap comfort still has the best growth prospect with new production lines and asp hikes. compared to topglov, capacity maxed out alrdy from the beginning of march
Protests May Spur Cases: Governor, Mayor (11:15 a.m. NY) Maryland Governor Larry Hogan and Atlanta Mayor Keisha Lance Bottoms said street protests over George Floyd’s death in police custody could spark more Covid-19 infections.
If you guys do a deep research on UG Healthcare (Malaysia’s company listed in Singapore), you guys will realize that it is quite similar to Malaysia listed Supermax and Top Glove. The reason Supermax and Top Glove up alot since Supermax release their quarter report is because these 2 companies are distributing their own brand of glove which lead to higher profit margin. You guys can understand further from the video as per below link. After watching, you guys can go read UG's report and you guys will realize that UG has their own distribution center at China, Nigeria, UK, German, US and Brazil. Despite UG didnt own 100% of share of these companies, but definitely it helps UG to have better profit. Also, these coutries are badly affected by Covid-19.
Also, not to neglect that Ug Healthcare German is also selling mask, PPE, disinfection, protective clothes etc. All these products are high demand product during this Covid-19. Please refer to the link to understand better.
Besides, UG Healthcare Nigeria is also very interesting distribution center as it is selling the similar products that UG Healthcare German is selling but on top of that, it is also selling infra-red thermometer which is also high demand. Please refer to the link below.
The link below will enable you to understand better about Uniglove UK. Even though it is old news but it definitely will be benefited during this pandemic as it is Europe’s first antimicrobial nitrile glove.
If we do comparison between Rubberex Malaysia and UG Healthcare. UG healthcare is lagging behind. Rubberex market cap = (rm3.56/3.06) * 252195617 = SGD 293,404,051 UG heathcare market cap =(SGD 0.47 * 196092856)= SGD 92,163,642
UG yearly capacity is around 3B where Rubberex only 2B.
So if we use production capacity ratio to market cap as below calculation. UG should worth SGD (293404051 (Rubberex’s market cap) * 3B (UG’s capacity)) / 2b (Rubberex’s market cap) = 214685891
UG’s potential share price = 214685891 / 196092856 (no of UG’s issued share)= SGD 1.09
If we do comparison between Careplus Malaysia and UG Healthcare. UG healthcare is also lagging behind. Careplus market cap = (rm1.40/3.06) * 531,359,799 = SGD 243,105,790 UG heathcare market cap =(SGD 0.47 * 196092856)= SGD 92,163,642
So if we use production capacity ratio to market cap as below calculation. UG should worth SGD (243105790 (careplus’ market cap) * 3B (UG’s capacity)) / 4.1B (careplus’ capacity) = 177882285.4
UG’s potential share price = 177882285.4 / 196092856 (no of UG’s issued share) = SGD 0.907
Even though careplus produce 1B pcs extra compared to UG healthcare, but UG healthcare will benefitted from it’s own brand of glove as well as it’s distribution centers in UK, Brazil and Nigeria are selling others PPE and tools which are badly needed during this pandemic.
If we use the method of one of the Malaysia’s famous investor to calculation the price per glove, UG healthcare is on 0.09 per glove which is much more cheaper compared to peers.
Even though the last quarter report seems like “poor”, but it was mainly affected by the production modification cost where the board has decided to on hold the modification in order to cope with the sudden spike of demand. Do take note that the modification at the end will benefit the group as well. UG has reported positive earning for the last 3 FY. In fact, increase of marketing expenses is good for the company in long run as once everyone know about “Uniglove”, the marketing expenses eventually will come back and profit will go up.
Most likely August report will have flying colour result.
US internal really messy & Brazil President is an idiot (& going to be cold season) : C19 pandemic will be continue .............. even vaccine start mass production in Dec 2020, it would not be able to cover such mass population within a short period until next year Apr - June 2021.
The basic thing is we all want comfort fly abv RM4 we believed that comfort value shud higher collectively hold tight let it pass rm4...if everyone q to sell at RM4 how to go up...
Hold tight tight untl RM6...those who want to take profiit now and collect again at low price might not be able to do so, as you can see from all the gloves taikor all fly until mother also cannot recognise!
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
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....
TheDeathShadow96
3 posts
Posted by TheDeathShadow96 > 2020-06-01 02:17 | Report Abuse
GoodLuck all