Highlights
KLSE: CAREPLS (0163)       CAREPLUS GROUP BHD ACE : Health Care
Last Price Today's Change   Day's Range   Trading Volume
1.40   +0.29 (26.13%)  1.11 - 1.41  364,044,200
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Overview

Market Cap: 744 Million
NOSH: 531 Million
Avg Volume (4 weeks):138,727,306
4 Weeks Range:0.445 - 1.41
4 Weeks Price Volatility (%):
98.96%
52 Weeks Range:0.13 - 1.41
52 Weeks Price Volatility (%):
99.22%
Average Price Target: 0.56
Price Target Upside/Downside: -0.84

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2019 [#4]  |  16-Mar-2020
Next QR | Est. Ann. Date: 31-Mar-2020  |  24-May-2020
T4Q P/E | EY: -129.35  |  -0.77%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.1819  |  7.70
T4Q NP Margin | ROE: -2.14%  |  -5.95%

Headlines

Date Subject
29-May-2020 Careplus上挑RM1.50/敏源
28-May-2020 Evening Market Summary - 28 May 2020
19-May-2020 Glove makers fall on profit taking
18-May-2020 股价翻几番‧加护手套疫路狂奔
12-May-2020 Evening Market Summary - 12 May 2020
08-May-2020 Evening Market Summary - 8 May 2020
04-May-2020 Evening Market Summary - 4 May 2020
27-Apr-2020 Evening Market Summary - 27 Apr 2020
27-Apr-2020 MR LIM KWEE SHYAN Acquired CAREPLUS since MAR20
14-Apr-2020 Stocks on Radar - Careplus Group (0163)
13-Apr-2020 [转贴] [Facebook live video:浅谈Careplus group bhd (CarePls)] - James的股票投资James Share Investing
30-Mar-2020 Evening Market Summary - 30 Mar 2020
13-Mar-2020 M+ Online Technical Focus - 13 March 2020
13-Mar-2020 Trading Stocks - Careplus Group
10-Mar-2020 Healthcare proxies - Covid-19 Theme Under Traders’ Radar
09-Mar-2020 Trading Stocks - Careplus Group
06-Mar-2020 PublicInvest Research Headlines - 6 Mar 2020
06-Mar-2020 Mplus Market Pulse - 6 Mar 2020
04-Mar-2020 M+ Online Technical Focus - 4 Mar 2019
04-Mar-2020 Trading Stocks - Careplus Group

Business Background

Careplus Group Bhd is involved in the manufacturing, processing, and trading of gloves. The company’s product consists of Latex exam gloves, Nitrile exam gloves, and Surgical gloves. Its latex exam gloves are used in the medical examinations and procedures, diagnostic procedures by the dentist, laboratory practices and for food handling practices. The Nitrile exam gloves are generally used in laboratory practices and automotive industry. Surgical gloves are designed specifically for precise medical and surgical applications. The company markets its product under the brand Rubber care and Guardian. Its manufacturing activities are operated only in Malaysia.
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  14 people like this.
 
dxbman What did I tell ya! Going Limit up!
29/05/2020 4:16 PM
shadowz Adventa wow
29/05/2020 4:17 PM
Arthur546 good or bad if limit up? hold for better next week?
29/05/2020 4:17 PM
Buy0nRed Last hour careplus show
29/05/2020 4:19 PM
Steven234 go, break 1.4
29/05/2020 4:19 PM
petramaises very2 hot, high chance 2 to continue next week
29/05/2020 4:19 PM
EagleEye limit up soon 1.44...wah lau eh...
who jump ship earlier when retract???
29/05/2020 4:23 PM
Jiasaihooi adventa limit up! soon careplus
29/05/2020 4:24 PM
Neut_ron1 Do not miss the boat....!
29/05/2020 4:27 PM
DLee DLee Highlight
It is a mad mad glove makers’ market
Lai Ying Yi
/
theedgemarkets.com

May 29, 2020 14:30


-A+A
KUALA LUMPUR (May 29): The craze for glove manufacturers gains strength by days as their unprecedented hefty premium valuations show. The higher the share price climbs, the stronger the buying interest.

Hartalega Holdings Bhd and Top Glove Corp Bhd are currently among the top 10 largest stocks on Bursa Malaysia in terms of market capitalisation (cap). Their market cap have overtaken Digi.Com Bhd, Axiata Group Bhd and Nestle Malaysia Bhd.

What has gone up, it will climb higher?
Despite the sharp rise in share prices, analysts do not think the current share prices have factored in all the good news.




In short, in their view, glove makers will earn a lot higher profits so share prices should also be a lot higher than current price.

With optimistic prospects ahead supported by expectation of strong surge in sales volume given the Covid-19 pandemic, and wider profit margin, glove analysts are busy with revising their forecasts and target prices as the rally continues.

In a research note today, Maybank Kim Eng analyst Lee Yen Ling wrote that “massive earnings explosion in coming quarters will throw brokers’ forecasts out of the window”.

Lee has raised its target price of Top Glove to RM20, implying a 49% share price increment from the current price of RM13.38 amid expectation of higher average selling prices (ASPs) and exponential growth on glove consumption worldwide.

Maybank KimEng raised its earnings per share forecast by 37% for the financial year ending Aug 31, 2020 (FY20), 180% for FY21 and 18% for FY22 to impute for ASP hikes and spot orders until 1QFY21 (September to November 2020).

“Our earnings forecasts could still be conservative as glove players might continue to raise ASPs until June 2021,” said Lee.

“Comparing the confirmed ASPs in September 2020 against January, the ASPs have increased 40-50%. Though the hikes are steep, the ex-factory price for a pair of gloves is just six US cents. This is still very cheap for the developed markets, for example US and Europe.

Lee anticipates Top Glove’s net profit to soar to RM3.2 billion in FY21 compared with forecast of RM1.1 billion in FY20. However, Top Glove’s net profit is expected to shrink to RM663 million.

If Top Glove is able to grow its market cap by 49% to RM52 billion, this would imply that the glove manufacturer will be the fourth largest listed company in Malaysia, surpassing chemical giant Petronas Chemical Group and hospital operator IHH Healthcare, should their share prices remain underperforming.

So far, 2020 is a prosperous year for glove makers as all of their fortune has leapt by a large quantum.

To put into perspective, Hartalega's market cap has more than doubled by RM19.02 billion to RM34.93 billion from its initial market cap of RM18.48 billion at the beginning of the year. It is currently ranked at 7th place among the largest market cap Malaysia companies.

The meteoric rise on Top Glove, its market cap ballooned by RM22.9 billion in value – the increment is equivalent to Dialog Group Bhd’s market cap of RM21.36 billion.

With a market cap of RM34.93 billion, Top Glove is currently the 10th largest Malaysia listed company.

What a turn of fortune to see the glove manufacturer leaping from second bottom market cap placing among the KLCI constituents to the current standing.

Year-to-date (YTD), out of the thirty KLCI constituents, there are only five companies in the positive zone (see chart).

Among them, Dialog’s market cap has increased by RM1.92 billion, while Petronas Group Bhd and Maxis Bhd are able to creep up a meagre RM831 million and RM78 million in valuations respectively.

A back of envelope calculation, an aggregate of RM131 billion of market cap has evaporated among the 30 component stocks.

Other than the number of companies that have lost their valuations YTD, the actual amount of market cap lost is remarkably hefty with the aggregate amount currently at RM131 billion.

A rising tide lifts all boats. Beside the two big boys, other glove makers' share prices are rocketing to new peaks as well.

Supermax Corporation Bhd's market cap jumped by more than four times or RM8.02 billion to RM9.8 billion — which propelled its market cap ranking to 34th place from 123rd place at the beginning of the year.

As for Kossan Rubber Industries Bhd, currently the 33rd largest from 61st previously, it saw its market cap more than doubled by RM5.8 billion to RM11.12 billion.

The market cap phenomenon is more extreme for the small cap glove makers as most have soared exponentially.

Comfort Gloves Bhd's market cap more than tripled, or rose by RM1.57 billion in value, to RM2.03 billion, followed by Rubberex Corporation Bhd, whose market cap leapt by about six times or RM815 million to RM951 million, and Careplus
29/05/2020 4:28 PM
petramaises order sure overflow to carepls and the rest
29/05/2020 4:31 PM
supper888 $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
29/05/2020 4:33 PM
petramaises 1.40 gone
29/05/2020 4:33 PM
thesigncom somebody just telan 3.3 million shares in 1 minute
29/05/2020 4:33 PM
thesigncom too many barriers. No limit up for today
29/05/2020 4:39 PM
EagleEye all busy buy and sell...
no time to comment... last 15 mins of closing is the best time...
29/05/2020 4:39 PM
azeera https://klse.i3investor.com/blogs/Treasureseekers/2020-05-29-story-h1507897150-FINTEC_is_a_GEM.jsp
29/05/2020 4:40 PM
8055K Aiyoyo yo wettt liao lo
29/05/2020 4:41 PM
EagleEye 8055... u know what is "sup sui foo yung" (watery lotus)... all splashing out liao... haha
29/05/2020 4:43 PM
newtomarket recommended to enter now? price so high liao
29/05/2020 4:44 PM
Diego2020 finally can buy new monitor for my pc... need to have 2 monitor now...
29/05/2020 4:45 PM
Buy0nRed 1.4!
29/05/2020 4:45 PM
desmond1996 clear all in 1.4 wohoo thank glove
29/05/2020 4:47 PM
K0W3SE4 Slow2 makan 1.4
29/05/2020 4:54 PM
Lingst Luckily bought back
29/05/2020 4:54 PM
giinyang520 @newtomarket already dont know what price to recommend enter anymore... this counter is been swallow by big player and forecasting another big wave is coming
29/05/2020 4:57 PM
shan33 Hows Monday insight? Continue uptrend?
29/05/2020 4:58 PM
giinyang520 I forecast careplus will easily ride to RM2 - RM 3 in mid june or faster perhaps? As most of glove counter in Malaysia lowest is RM 3 except careplus. So operators and big sharks are focusing on smaller producer now such as careplus and hlt
29/05/2020 4:59 PM
EagleEye Nice closing... 1.40...
Next monday lagi main...
happy weekend all...
29/05/2020 4:59 PM
goldbabymilk I think QR report will be out today, should wait for the report to reflect next Monday's insight.
29/05/2020 4:59 PM
EagleEye .
goldbabymilk...
Sorry, I think u must be new player...
During MCO period those QR deadline 31st May 2020 can request extension until 30th June 2020, so pls don't continue harping on the QR thing...
learn to get more info before invest...
happy weekend
29/05/2020 5:05 PM
goldbabymilk okok :D
29/05/2020 5:05 PM
635789 Can anyone give the feedback on how many existing production lines carepls have and what is the annual production.
29/05/2020 5:06 PM
giinyang520 Agree with eagle eye. By requesting to extension until 30 June 2020, it mean report can be release anytime before due date of 30 june 2020 and not late release at 30 june 2020. Kindly study the meaning guys
29/05/2020 5:06 PM
EagleEye QR report extension approved, the listed companies in the news is updated until 3pm..
mostly announcement will be in Bursa after closing....
try to see for announcement later
29/05/2020 5:08 PM
gnath_77 good closing Careplus-ians... see you guys on Monday !! keep the momentum up throughout :) i decided not to acquire or collect any today as i'm on fund pullback & standby mode for all my shareholdings till Trump's announcement tonight... will bring back fund either monday or later.. depends
29/05/2020 5:08 PM
EagleEye but anyhow I think even extension is given till end June 2020 for QR...
I think K+ will post QR out earlier than end June, so it can ride on the wave of Glove counters, so the wave for this sector remain bullish...
my personal SKL views la...
29/05/2020 5:10 PM
conscript Yes i agree. I already call careplus office as well. We will see how high it flies on monday
29/05/2020 5:10 PM
Christ cs2020 Careplus can chase comfort... Subjected this QR shows better earning and profits in terms of sales..
29/05/2020 5:11 PM
ml2020 congrats again to those who made some good earnings. for those still holding please don't every single day wish to limit up limit up. next week will up + some corrections no need to fret too much.
29/05/2020 5:13 PM
Thebullinvestor Anyway congrats to all
29/05/2020 5:14 PM
Laxmana_Damburi Congrats to all K+sian... see u on Monday, hope for another great battle next week. Happy holiday everybody.
29/05/2020 5:21 PM
8055K Steady boom bibi , believe u can u can
Congrats for those who ady take profit and earn, enjoy ur weekend have fun
29/05/2020 5:22 PM
paktua73 yes..paktua love swing here.. exist point at 1.80

tut tut
let cuti dulu laa
29/05/2020 5:42 PM
bjaya Today's trading volume represent a whopping 68.5% of its outstanding shares. Incredibly high !
29/05/2020 5:44 PM
lollipopkan People can doubt, people can be negative, people can bark but people who hold and weather the storm will emerge the winners.

Congratz to all K+sian, we ride higher next week!
29/05/2020 5:47 PM
STOCKS168 Extension QR. GOOD LUCK GUYS.
29/05/2020 5:50 PM
Ron90 of coz la high, same person buy n sell 2-3x . :-p
29/05/2020 5:52 PM
Neut_ron1 K+ should be trending higher because unabated demand for gloves world wide. Many countries are stocking up in view of prolong pendemic. Almost all glove companies make profits & average selling price getting higher. Enquiries for gloves coming from every corner of the world. I could see K+ would follow its peers in making profits as well (IMHO). JV partner Ansell will make this company more exiciting for years to come. ride on.....
29/05/2020 5:55 PM
onionchong if ruberex can go 3+.. i dont see why careplus cant.
29/05/2020 6:08 PM


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