The Careplus group of companies is involved in the manufacturing, processing and trading of gloves. Careplus manufactures OEM and OBM latex examination glove, nitrile and vinyl gloves, surgical gloves as well as cleanroom gloves.
Supermax is like Apple phone in Brazil . High end . Not everyone can afford . Currently maxed out booking till next year .
Careplus is like Samsung . Still can accomodate medium and lower end customers ( Nitrile gloves for smaller hospitals , hospices , cheaper Latex gloves for Large retail chains/convenience stores/domestic use . Not maxed out yet as we have re started two dormant lines last month .
Supermax have started face shields ( very Good profit margin , USD 2-3 minimum per piece )
Careplus are starting to ramp up disposable gowns ( USD 1.50-2 minimum per piece )
"xcu843" >> Supermax profit went up more than 25 times if comparing to previous quarter. ASP will increase around another 30% in this quarter, meaning the profit will jump from current 400M to maybe 700M to 800M on next QR. "KK" >> Supermax will start to make mask (not face shield) 8M pcs per month initially, in Malaysia, and then in Canada. From Topglov experience, they manage to setup the production in 2 months. Please look at Supermax financial report and announcement at https://www.klsescreener.com/v2/stocks/financial-report/7106/2020-06-30
"alfredychingwong" >> Comfort is OEM if not mistaken. The owner suggested that we will see higher ASP increase in this quarter or next QR. He was kind enough to support existing customer thus did not raise the ASP much on last quarter, like Harta.
Please, don't go expecting a super turnaround V tomorrow. The profit from Supermax is just a catalyst for the continue upward trend for the glove. Share market does not work in this way. But rest assured, the bull trend is still intact. God bless.
Supermax profit also up about 12-13 times , not 20 times, close to expectation; while comparing quarterly profit, we should use quarter vs quarter method , not compare to last year quarterly profit for glove counters... 30mil was Dec quarterly profit ( choose quarter before pandemic started ) n this quarter has jumped to 399 mil...
just remember one thing, director bought the shares in open market recently....so what do u think?? Not to worry too much, just accumulate while you can....good luck
Yup! roller coaster, the Smart Money need to press down kaw kaw before pushing up again taking advantage of this Russian vaccine as well as very promising glove counters QR coming out one after another. Just reloaded.
https://klse.i3investor.com/blogs/supermax_analystbriefing/2020-08-11 This is Supermax investor briefing for reference only. Increase volume, increase selling price from USD160 to USD180 (till July 31st) and further increase expected in Aug and Sep. Lead time up to 12 months. Biz continue to be robust at least for 1.5 years to 2 years. So all glove manufacturers will continue to see better QR after QR. Hold tight tight. I hold all big 4 and Comfort + Carepls.
"loquezila" >> you are right. Losing steam to press down the price already. Volume is diminishing. Should rebound within this week. Hold tight tight and reload if you still have bullets.
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MQ Trader 816 views | 5 d ago
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New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
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leongforever
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Posted by leongforever > 2020-08-10 19:16 | Report Abuse
hopefullybro...comfort lousai few day already please recover soon