Comfort (OEM) RM3.82 current capacity 5,4billion, 2021 capacity 5.9billion Current PAT 42.7mil Ruberex (OEM) RM5.37 current capacity 3billion Current PAT 22.9mil Careplus (OBM) RM3.15 current capacity 4billion, 2021 capacity 8billion PAT 36.2mil
Why do I think Careplus will have most upside potential? 1) its OBM just like Supermax so it has bigger potential to have bigger PAT in the next quarter. 2) Capacity will be doubled by 2021 , with high margin and increasing ASP can you imagine in 2021 Careplus may even reach RM100mil PAT per quarter! 3) Next QR on October if above RM50mil (which i believe with its OBM model can easily achieved) the share price might go all the way to rm9 thats almost 300% or 3 times the current share price. Assuming you own 100,000 shares of Careplus valued at RM315,000 today. It might grow to as high as RM900,000 next month and even higher next year. Remember how Supermax grow from RM1.60 to RM24.44?
Yes sold 50% of its subsidiary to Anseel. Anseel is an Australia based with worldwide establised distribution network and this is why Careplus had recently bought a factory lot for production capacity expansion. The company also purchased a hotel in Seremban to be converted into worker hostel so that they would not end up workers right issue like TopGlove. I think this is a smart move and long term vision to enter Australia, US and western countries market .
@Baby Shark, share market not based on Feeling or Friday's though I concur many times gloves stock rise on Friday's as seen..As long as TG n Supermax CW still hanging expect some pressing though TSL is doing his bit with Institution support..
I had Comfort being one of my favourites before in small Qty but redi sold all n made small profit..Now I buy small Qty in Supermax, TG n Carepls..
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