Highlights

The Gloves Century Rally

Author: Stockiss   |   Latest post: Sun, 17 Jan 2021, 8:47 PM

 

ATS (0072) - The Most Under-Valued Glove Maker

Author:   |    Publish date:



https://youtu.be/KKRVc16VY5Y

For the past few days of falls created some panic that many forgotten the very reason why they invested in ATS in the first place. It's because ATS is the most under-valued and highest growth potential with real glove factory that is about the start production that is the first among the rest of new glove makers. In fact, their prod line and conveyor system already in trial run at this moment. This fundamental remain the same, unchanged.

Calculation below base on the 1st Single Former Prod Line scheduled to start production in early December. It has a potential growth of between RM0.365 (102%) at PE10 to RM1.095 (508%) at PE30.

Which other glove makers projected at such growth potential in December?

1st Prod Line Projection ONLY

Given
1) Prod Capacity = 9.9mil gloves / month
2) Glove ASP = USD90/k
3) Shares = 4,032mil shares

Assume :
3) Production Occupancy = 75% capacity
4) Exchange Rate USD/RM = 4.10
5) Profit Margin = RM26.445
6) Corporate Tax = 25%

Therefore

Profit Before Tax = 9.9 x 0.75 x 26.445 = RM196.354 mil

Profit After Tax = (1-t%) PBT = 0.75 x RM196.3548mil = RM147.265 mil

EPS = 147.265 mil / 4,032 mil shares = 0.0365 sen

ATS (0072) Projected Price
PE 10 = RM0.365
PE 20 = RM0.730
PE 30 = RM1.095


Benchmark :
Carepls PE = 17.5X
Comfort PE = 26.7X

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Telegram Group - ATIAN Club Enrolment - https://forms.gle/eL43VzhLq8qeESx36
To get the latest updates, facts and constructive discussion for ATS (0072)
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  9 people like this.
 
Bemillion Tq noted
24/11/2020 4:56 PM
VenFx P.p. only ask for 0.1333 wor !
25/11/2020 7:24 AM
Daydreamer4698 Shall be:

Profit Before Tax = 9.9 x 0.75 x 26.445 (per '000 gloves) X 12 mths = RM2.36 mil

Profit After Tax = (1-t%) PBT = 0.75 x RM2.36mil = RM1.77 mil

EPS = 1.77 mil / 4,032 mil shares = 0.000439

ATS (0072) Projected Price
PE 10 = RM0.00439
PE 20 = RM0.00878
PE 30 = RM0.0131
25/11/2020 9:24 AM
Kimly2 I got your suggestion 0.35, i with u to hold it tight tight


Posted by VenFx > Nov 25, 2020 7:24 AM | Report Abuse

P.p. only ask for 0.1333 wor !
25/11/2020 9:27 AM
360Capitalist Calculation wrong...
25/11/2020 11:32 PM
koolset Daydreamer, you calculated wrong. Please calculate again.
26/11/2020 1:14 AM
Andre Kua What math is this?

20,000/hr x 24 hours x 365days = 175,200,000pcs

175,200,000 pcs / 1,000 x USD 90 x MYR4.4 = RM69,379,200 (SALES only, not profit)

So how did he get 196m profit from 1 line?
26/11/2020 8:33 AM
questra What a joke
26/11/2020 9:45 AM
newbie8080 Not a glove maker yet

'To be' glove maker
26/11/2020 12:00 PM
speakup kasi LIMIT UP!
26/11/2020 12:31 PM
Yu_and_Mee oh ya oh ya, super duper undervalued. so? limit up few times until 4.00 above like GETS, or EURO?
26/11/2020 9:20 PM


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