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Last Price Today's Change   Day's Range   Trading Volume
2.77   -0.02 (0.72%)  2.74 - 2.84  7,287,100
32,504 comment(s). Last comment by strattegist at Dec 1, 2020 9:29 AM
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Alvaro
261 posts

Posted by Alvaro > Oct 28, 2020 10:54 AM | Report Abuse

Chill . US elections is going to open the flood gate and the cases are going to rise rapidly . Foreign funds will roll in like hyenas . Exact Sabah scenario x massive scale .


cgc8835
14 posts

Posted by cgc8835 > Oct 28, 2020 10:58 AM | Report Abuse

Careplus closing price RM3.68 (reiterate buy with valuation of RM4.80 to RM6.00)

With completion of the price fixing of 2nd Private Placement (PP), the price should be heading up. No investor will take PP at RM3.60 if there is no potential of 20% upside at RM4.32. I know the investors mentality and expectation after evaluating Careplus..

Careplus at RM3.68 is currently trading at PE 14.6 based on our estimated FY 2020 EPS of 25.26 Sen. The YTD EPS was 14.97 Sen and Q3 EPS was 8 Sen. We projected Q4 EPS to be 10.29 Sen based on our financial modelling.

We reiterate buy on weakness or during correction with valuation of RM4.80 to RM6.00 based on forward PE 12 to PE 15 using projected FY 2021 EPS of at least 40 Sen giving an upside of 27% to 60%.

We expect Q4 EPS to improve further to 10 Sen due to

• Commissioning of additional 2 lines towards in Q3 to 29 lines and increasing the annual capacity to 4.62 billion pieces compared to 4.1 billion pieces at end of June. Increase in capacity of 12.6%. By end 2020, with additional 4 lines totalling 33 lines, the capacity will be 5.1 billion pieces based on corporate presentation below

• Further increase in ASP by 15% to 20% in Q4 with higher profit margin

• Higher Q3 gross profit margin of 38.6% compared to Q2 of 23.8%.


We have projected the FY 2021 EPS to be at least 40 Sen given the expansion of capacity to 5.6 billion pieces by end Dec 2020 compared to FY 2020 of 4.1 billion pieces, an increase of 36.6%.

FY 2021 the projected EPS of 40 Sen is supported by:

• 4 new lines to commission in Dec 2020 to increase capacity to 5.6 billion pieces compared till 30 June 2020 of 4.1 billion pieces

• Additional 15 new lines by mid 2021

• Softening of ASP in 2021 mitigated by contribution of new capacities to maintain the projected profit


air01557
2197 posts

Posted by air01557 > Oct 28, 2020 11:00 AM | Report Abuse

Downtrend noted


GOKU GOHAN
36 posts

Posted by GOKU GOHAN > Oct 28, 2020 11:01 AM | Report Abuse

3.66


Tyron
12 posts

Posted by Tyron > Oct 28, 2020 11:05 AM | Report Abuse

Thanks ahpooki2 and Kar Kien for useful insight. Need more comments like this.


strattegist
10766 posts

Posted by strattegist > Oct 28, 2020 11:19 AM | Report Abuse

yoyoing


jackpot8888
42 posts

Posted by jackpot8888 > Oct 28, 2020 11:24 AM | Report Abuse

Surprisingly there is no dependency with QR results. Can go downtrend. This is a strong counter though so can top up and hold. I'm holding mine with TP4.5


helang82
49 posts

Posted by helang82 > Oct 28, 2020 11:25 AM | Report Abuse

Thanks Kar Kien, but i think your carepls future production is outdated, it's supposed to be 10.5 billions by end of 2021


shirolsz
60 posts

Posted by shirolsz > Oct 28, 2020 11:39 AM | Report Abuse

@2527005, I am not a contra player. I am not selling what I have but keep on accumulating more because I want a higher profit margin with less anxiety. Why do I need to sell and buy back later?


bullshitslayer
61 posts

Posted by bullshitslayer > Oct 28, 2020 11:44 AM | Report Abuse

told u guys to buy low sell high. only greedy investors like HNWinvestor will lose all just because he want to save the little broker fees


Plus000
88 posts

Posted by Plus000 > Oct 28, 2020 11:46 AM | Report Abuse

Buy back at cheaper price , u will earn more


Greed_kills
30 posts

Posted by Greed_kills > Oct 28, 2020 11:47 AM | Report Abuse

anyone knows whats the support price?


Kar Kien
18 posts

Posted by Kar Kien > Oct 28, 2020 12:02 PM | Report Abuse

Glove Analysis

Cash
1. Supermax RM2.3 Bil
2. Harta RM1.6 Bil
3. Top Glove RM1.2 Bil
4. Kossan RM0.3 Bil (Based on Jun QR)
5. Careplus RM12.2 million
6. Comfort RM62.9 million (based on July QR)
7. Ruberex RM 76 million (Based on Jun QR)


Market Cap
1. TopGlove RM73 Bil
2. Harta RM62.7 Bil
3. Supermax RM26.6 Bil
4. Kossan RM19.2 Bil
5. Careplus RM1.97 Bil
6. Comfort RM2.42 Bil
7. Ruberex RM 1.85 Bil


Latest PAT
1. TopGlove RM1.4 Bil
2. Supermax RM0.79 Bil
3. Harta RM0.55 Bil
4. Kossan RM0.13 Bil (Based on Jun QR)
5. Careplus RM42.8 million
6. Comfort RM42.7 million (based on July QR)
7. Ruberex RM 22.9 million (Based on Jun QR)


Current Price
1. Harta RM18.28
2. Supermax RM9.78
3. Topglove RM8.91
4. Kossan RM7.52
5. Careplus RM3.68
6. Comfort RM4.24
7. Ruberex RM 2.30


PE
1. Harta 60.4
2. Supermax 20
3. Topglove 38
4. Kossan 62.3 (Based on Jun QR)
5. Careplus 24
6. Comfort 31.5 (based on July QR)
7. Ruberex 47.3 (Based on Jun QR)


EPS
1. Harta 29 sen
2. Supermax 47 sen
3. Topglove 22.79 sen
4. Kossan 11.96 sen (Based on Jun QR)
5. Careplus 15 sen
6. Comfort 13 sen (based on July QR)
7. Ruberex 4.7 sen (Based on Jun QR)


Current and Future Capacity
1. Topglove 85.5 Bil, aim to achieve in 2021, 105 Bil (+22.22%)
2. Harta 39 Bil, aim to achieve in 2023, 76 Bil (+94%)
3. Kossan 32 Bil, aim to achieve in 2022, 42.4 Bil (+32%)
4. Supermax 24 Bil, aim to achieve in 2022, 48.4 Bil (+101%)
5. Careplus 4.1 Bil, aim to achieve in 2021, 10.5 Bil (+156%)
6. Comfort 5.4 Bil, aim to achieve in 2021, 5.9 Bil (+9%)
7. Ruberex 1 Bil, aim to achieve in 2022, 3 Bil (+200%)


Profit Margin
1. Supermax 58.4%
2. Topglove 41.6%
3. Harta 40.5%
4. Kossan 18.7% (Based on Jun QR)
5. Careplus 34.9%
6. Comfort 21.6% (based on July QR)
7. Ruberex 26% (Based on Jun QR)


Plus000
88 posts

Posted by Plus000 > Oct 28, 2020 12:11 PM | Report Abuse

Sell ur share first buy back later


kuring2
510 posts

Posted by kuring2 > Oct 28, 2020 12:12 PM | Report Abuse

Greed_kills anyone knows whats the support price?

***

I believe the 1st support at 3.52 n the 2nd support at 3.43 and next support at 3.34.

I might be wrong.. maybe someone may correct me if im wrong.

Just wait, let the trading player bring down the price.


Greed_kills
30 posts

Posted by Greed_kills > Oct 28, 2020 12:17 PM | Report Abuse

kuring2, thank you


ahpooki2
991 posts

Posted by ahpooki2 > Oct 28, 2020 12:57 PM | Report Abuse

hmmm...


Letsfly
162 posts

Posted by Letsfly > Oct 28, 2020 2:05 PM | Report Abuse

its an expansion PP, why worry? people spending big money to buy at 3.60 for PP. Matter of time till it breaks 4.50...


Ibelieve
567 posts

Posted by Ibelieve > Oct 28, 2020 3:06 PM | Report Abuse

Rubberex first private placement in Apr20 priced at RM1.24, and the last price before bonus issue adjustment was RM8+... Do you the investors lost money??? Haha, get the answer yourself.
Careplus first private Placement in June20 priced at RM1.27, do you think investors lost money so far?
Now Careplus second private placement at RM3.60, I think everyone should smell something...


ahpooki2
991 posts

Posted by ahpooki2 > Oct 28, 2020 3:21 PM | Report Abuse

hmmmm....


mf
23500 posts

Posted by mf > Oct 28, 2020 3:22 PM |

Post removed. Why?


AT rocket up
76 posts

Posted by AT rocket up > Oct 28, 2020 3:23 PM | Report Abuse

Malaysia’s AT Systematization Expects MYR860 Mln Annual Revenue From Glove Venture

By Kuala Lumpur Newsroom
NewsRise

KUALA LUMPUR (Oct 28) -- Malaysia’s AT Systematization, an automation systems maker on Wednesday said it expects glove manufacturing business to generate annual revenue of 860 million ringgit ($206.51 million), based on maximum production capacity of 2.6 billion glove pieces per year.

The first production line will commence in early December 2020 and contribution will start in financial year of 2021, the company said in a statement. Two new glove dipping lines will be installed in every subsequent month, bringing its total output to 2.6 billion pieces by June 2021, it added.

AT Systematization will invest a total of 120 million ringgit for the installation of 13 glove dipping lines, together with related facilities and new building, said Managing Director Choong Lee Aun. The company plans to have a total of 20 glove dipping lines.

“The lines 14 to 20, however, will be installed in a new plant to be decided later,“ he said. “We are confident that our new glove manufacturing business will breakeven in less than a year.“

Chong said that the long-term growth prospects of the rubber gloves industry are intact, given the increased awareness of the importance of gloves following the pandemic.
28/10/2020 3:05 PM


strattegist
10766 posts

Posted by strattegist > Oct 28, 2020 4:04 PM | Report Abuse

red


mf
23500 posts

Posted by mf > Oct 28, 2020 4:04 PM | Report Abuse

GSK, Sanofi to make 200 million doses available for Covid-19 vaccine alliance

http://www.theedgemarkets.com/article/gsk-sanofi-make-200-million-doses-available-covid19-vaccine-alliance


Plus000
88 posts

Posted by Plus000 > Oct 28, 2020 4:14 PM | Report Abuse

Break 3.5 then waterfalll


mf
23500 posts

Posted by mf > Oct 28, 2020 4:17 PM | Report Abuse

Dow futures fall around 400 points as Wall Street


mf
23500 posts

Posted by mf > Oct 28, 2020 4:21 PM | Report Abuse

US 30 Futures 26,938.0 -427.0 -1.56%
US 500 Futures 3,337.38 -45.72 -1.35%


tuapuikia
2314 posts

Posted by tuapuikia > Oct 28, 2020 4:27 PM | Report Abuse

why so panic to sell?


kuring2
510 posts

Posted by kuring2 > Oct 28, 2020 4:30 PM | Report Abuse

Tuapuikia.. this is not panic.. intraday sell off due to near to closed market (EOD).. dont worry.. they will buy back EOD, and sell tomorrow morning.. lol.. we just njoy the show.. many of them stuck at high price today..


shirolsz
60 posts

Posted by shirolsz > Oct 28, 2020 4:32 PM | Report Abuse

tomorrow is public holiday. we will see the show on this Friday This Friday is their last day to press the price


ceoshare
338 posts

Posted by ceoshare > Oct 28, 2020 4:34 PM | Report Abuse

@shirolsz - why is Friday ?


ahpooki2
991 posts

Posted by ahpooki2 > Oct 28, 2020 4:34 PM | Report Abuse

mf Dow futures fall around 400 points as Wall Street
28/10/2020 4:17 PM

mf US 30 Futures 26,938.0 -427.0 -1.56%
US 500 Futures 3,337.38 -45.72 -1.35%
28/10/2020 4:21 PM

____________________________________________________________________

ya...we are all going to die.... either the economy or covid will kill us all..............!!


kuring2
510 posts

Posted by kuring2 > Oct 28, 2020 4:34 PM | Report Abuse

Ooo ya la.. tomorrow is PH.. ya.. wait for friday.. i heard there were another 3 or more days.. after t+2 / 3... just my 2cents.. friday is gap down.. the price will move on 2nd week of Nov or after our budget 2021 announcement..


ceoshare
338 posts

Posted by ceoshare > Oct 28, 2020 4:41 PM | Report Abuse

FF seem like continue buy careplus TICKET


ceoshare
338 posts

Posted by ceoshare > Oct 28, 2020 4:55 PM | Report Abuse

may be is PP, than't why someone keep eating back the ticket.


ceoshare
338 posts

Posted by ceoshare > Oct 28, 2020 4:57 PM | Report Abuse

& good news is the lower price they eating back the ticket is RM 3.51++ - 3.53 ++


Noobee88
132 posts

Posted by Noobee88 > Oct 28, 2020 4:58 PM | Report Abuse

Or it will continue to fall further ... eeeeshhhh! This counter really no fun !
Still... I am patiently holding ...


ahpooki2
991 posts

Posted by ahpooki2 > Oct 28, 2020 4:59 PM | Report Abuse

so LOL LOL.....


Letsfly
162 posts

Posted by Letsfly > Oct 28, 2020 5:04 PM | Report Abuse

kachan... i dont think there is a tomorrow trading day....


strattegist
10766 posts

Posted by strattegist > Oct 28, 2020 6:07 PM | Report Abuse

closed red


jackpot8888
42 posts

Posted by jackpot8888 > Oct 28, 2020 6:20 PM | Report Abuse

Strong counter to hold. I'm with Careplus since April till now. Hold and top up when drop then sell when meet my TP.


koolset
200 posts

Posted by koolset > Oct 28, 2020 6:20 PM | Report Abuse

My recommendation is to sell some of your shares and buy the future new glove counters. Due to future heavy competitions and vaccine that is one day closer. Why buy other new glove counters even though Vaccine is coming? The reason is because the world is lacking in Glove supply at the moment and there are not enough glove factories to produce to meet the demand. Sooner or later, people will buy these new glove counters and will equalize the share price of all glove counters. I bought this careplus at 40sen in March and sold it at rm3 after holding for 3 months.


Ibelieve
567 posts

Posted by Ibelieve > Oct 28, 2020 7:18 PM | Report Abuse

Why say they press the price for PP? There is no need to press already... The PP price has already been fixed and announced RM3.60 la... Some of you weak holders were the one selling...


gemfinder
2935 posts

Posted by gemfinder > Oct 28, 2020 7:35 PM | Report Abuse

So how now? Shouting making mili9n s profit but drop like hell. Kimikimi


patrickngtt
13 posts

Posted by patrickngtt > Oct 28, 2020 8:44 PM | Report Abuse

don't agree with the PE calculation. Need to understand the details of Carepls Q3 profit, operating profit only RM27M but not RM42.8, they had profit after selling 50% share to Ansell, both Q2 and Q3 shared the profit. My worry is their revenue only grew +3% as compared other glove manufacturers. It shows Carepls not able to capture upwards sales trend, could be due to their capacity. Margin wise also not as attractive as Supermx and Topglove. I sold all Carepls and converted to Supermx.


FortuneBlooming
1527 posts

Posted by FortuneBlooming > Oct 28, 2020 9:07 PM | Report Abuse

CarePlus got much better price action than Big 4 gloves when overall glove mood is good


FortuneBlooming
1527 posts

Posted by FortuneBlooming > Oct 28, 2020 9:08 PM | Report Abuse

Some guys are regiously crazy about fundamentals


FortuneBlooming
1527 posts

Posted by FortuneBlooming > Oct 28, 2020 9:09 PM | Report Abuse

Other guys are in it all just for the money


FortuneBlooming
1527 posts

Posted by FortuneBlooming > Oct 28, 2020 9:09 PM | Report Abuse

To each his own


Kar Kien
18 posts

Posted by Kar Kien > Oct 28, 2020 9:10 PM | Report Abuse

Read the financial report again. Ansell JV with the company revenue its not calculate in Q3 account onwards. Only share profit. Google what is operating profit and PAT.

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