If I apply Supermax's performance on TG, I actually think they'll break the billion ! let's see...if it does, it's good for the glove sector as a whole...
Read what i posted at HLT forum. Then wait qtr rpt out to see if it true or not.
HLT now is so overvalue and when actual figure out lower than expectation, market may react. Hopefully it wont happen. If happen those enter early still made big profit but those latecomer will lose big trap at high.
idk jus lookin at the outlook of demand > supply, Gloves still making superb profits qoq, and covid still lying around and gov still imposing SOP. i just close and buy lol, money making business dont think so hard sure will limit up hehe
well, careplus this year can only produces 2.5Billion gloves per annual with 1st PAT from April till end of June is 36.2m, while Comfort can produces 5.9Billion gloves per annual. i think the PAT for comfort should far exceed than 47M.
Careplus production is going to ramp up to 8.8 billion with additional of new production lines , counter is undervalue among its peers. A pure glove production company and business model similar to Supermax . JV with Ansell Australia and this will definitely help for international distribution of medical nitrile glove with assist from long well established Ansell worldwide distribution network
by the correction, the reason why careplus earn 36.3m last quarter is bcos the one-time paid off from disposal of 50% equity which is equivalent to 15.4m. Meaning, the actual PAT of careplus from gloves production might only be half from 36.3m. As a result, the PAT of comfort for next quarter to 47m from glove production might make sense
I think one of the comfort 'bad' was the management are too quiet. they should come out something LOUD to goreng the market. Unlikely careplus management very smart to goreng, end of next years production line also can be used to announce by today market.
Based on calculation from Q1's Revenue plus ASP, PAT & EPS, my prediction for Q2 result : Revenue : 204M to 216M PAT : 55M to 63M EPS : 9.4 cts to 10.86 cts.
Careplus top management is too high profile n many ppl didn’t deduct out the one off sales proceed of 15 mil from her latest quarterly profit... Even making 20-21 mil net profit in last quarter, some investors still feel doubt how can the tiny manufacturer having 20 fold jump for her profit....
i'm not too sure about tomorrow but monday will definitely be an amazing week Only thing pending is comforts amazing qr that should push this baby all the way up :)
or else going to whupped big time & left behind trailing in the darned dust by careplus
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Tomolo might gap up