Hi guys'
Now all 3 Results are out
Comfort Glove, Topglove & Supermax
Let's see their figures
1) COMFORT GLOVE
It earns 2.8 sen (Annualised 2.8 sen x 4)
= 11.2 sen
If we give it a 30 P/E then
11.2 x 30 = Rm3,360
So price should trade at Rm3.36 (if P/E is 30)
2) TOP GLOVE
1) Profit this quarter 13.59 (Annualized 13.59x4 )
= 54.36 sen
If PE 30 then 54.36 x 30 = Rm16,308
Or Rm16.30 (P/E 30)
3) SUPERMAX
Profit 5.42 sen (If annualized 5.42 x 4 )
= 21.68
If P/E 30 then 21.68 x30 = Rm6,504
Rm6.50 (If P/E 30)
Currently Comfort is Rm2.93 (If P/E 30 should be Rm3.36)
So is Comfort trading below P/E 30 value?
2) TopGlove is Rm16.90 (If P/E 30 should be Rm16.30)
Is Topglove trading above its 30 P/E?
3) SUPERMAX is Rm7.91 (If P/E 30 then Rm6.50)
Is SuperMax trading at a premium above its P/E 30 value of Rm6.50)
ON FACE VALUE WE SEE COMFORT GLOVE IS TRADING BELOW IS 30 P/E
WHILE SUPERMAX IS TRADING HIGHER ABOVE ITS 30 P/E
THERE MUST BE A REASON WHY THE MARKET UNDERVALUES COMFORT & OVER BULLISH ON SUPERMAX
How?
So we dig deeper
See
1) COMFORT GLOVE IS LIKE A YOUNG CARE FREE BOY WALKING
See little boy running in the meadow
This is the attitude of Comfort Glove Bosses
See
They happily merrily sell shares.
2) TOPGLOVE
Top Glove is a serious grown adult walking confidently
See
They are gathering Wealth & Accumulating it (Esos) No selling yet because still seriously expecting more to life
3) SUPERMAX
SuperMax is like A Young Business Man Running to Get More Business
3 New Factories being built concurrently
Just bought another land to build glove factory number 4
Instead of doing easy OEM SuperMax go all out doing OBM to get more Value
See
IN STEAD OF SELLING THEY ARE BUYING MORE FROM OPEN MARKET FROM RM7.50 TO RM7.73
WHICH ONE WILL YOU CHOOSE?
Best regards
Calvin Tan Research
Singapore
Please buy/sell after doing your own due diligence
Now all 3 Results are out
Comfort Glove, Topglove & Supermax
Let's see their figures
1) COMFORT GLOVE
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
30 Apr 2020
|
30 Apr 2019
|
30 Apr 2020
|
30 Apr 2019
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
152,907
|
119,956
|
152,907
|
119,956
|
| 2 | Profit/(loss) before tax |
22,242
|
10,555
|
22,242
|
10,555
|
| 3 | Profit/(loss) for the period |
16,339
|
8,411
|
16,339
|
8,411
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
16,339
|
8,411
|
16,339
|
8,411
|
| 5 | Basic earnings/(loss) per share (Subunit) |
2.80
|
1.50
|
2.80
|
1.50
|
| 6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
0.00
|
0.00
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
0.5600
|
0.5500
|
||
It earns 2.8 sen (Annualised 2.8 sen x 4)
= 11.2 sen
If we give it a 30 P/E then
11.2 x 30 = Rm3,360
So price should trade at Rm3.36 (if P/E is 30)
2) TOP GLOVE
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
31 May 2020
|
31 May 2019
|
31 May 2020
|
31 May 2019
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
1,688,324
|
1,190,235
|
4,127,201
|
3,612,165
|
| 2 | Profit/(loss) before tax |
422,020
|
82,239
|
677,846
|
349,588
|
| 3 | Profit/(loss) for the period |
350,033
|
75,188
|
577,802
|
293,536
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
347,895
|
74,665
|
575,004
|
290,512
|
| 5 | Basic earnings/(loss) per share (Subunit) |
13.59
|
2.92
|
22.46
|
11.37
|
| 6 | Proposed/Declared dividend per share (Subunit) |
10.00
|
3.50
|
10.00
|
3.50
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
1.2900
|
0.9900
|
||
= 54.36 sen
If PE 30 then 54.36 x 30 = Rm16,308
Or Rm16.30 (P/E 30)
3) SUPERMAX
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
31 Mar 2020
|
31 Mar 2019
|
31 Mar 2020
|
31 Mar 2019
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
447,247
|
361,199
|
1,202,685
|
1,113,352
|
| 2 | Profit/(loss) before tax |
95,277
|
49,416
|
169,549
|
156,409
|
| 3 | Profit/(loss) for the period |
72,349
|
34,963
|
127,331
|
109,653
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
71,056
|
34,617
|
125,968
|
108,695
|
| 5 | Basic earnings/(loss) per share (Subunit) |
5.42
|
2.64
|
9.62
|
8.29
|
| 6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
0.00
|
1.50
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
0.9200
|
0.8300
|
||
Profit 5.42 sen (If annualized 5.42 x 4 )
= 21.68
If P/E 30 then 21.68 x30 = Rm6,504
Rm6.50 (If P/E 30)
Currently Comfort is Rm2.93 (If P/E 30 should be Rm3.36)
So is Comfort trading below P/E 30 value?
2) TopGlove is Rm16.90 (If P/E 30 should be Rm16.30)
Is Topglove trading above its 30 P/E?
3) SUPERMAX is Rm7.91 (If P/E 30 then Rm6.50)
Is SuperMax trading at a premium above its P/E 30 value of Rm6.50)
ON FACE VALUE WE SEE COMFORT GLOVE IS TRADING BELOW IS 30 P/E
WHILE SUPERMAX IS TRADING HIGHER ABOVE ITS 30 P/E
THERE MUST BE A REASON WHY THE MARKET UNDERVALUES COMFORT & OVER BULLISH ON SUPERMAX
How?
So we dig deeper
See
1) COMFORT GLOVE IS LIKE A YOUNG CARE FREE BOY WALKING
See little boy running in the meadow
This is the attitude of Comfort Glove Bosses
See
| DATIN GOH KIM KOOI | 11-Jun-2020 | Disposed | 1,050,000 | 0.000 |
 |
| DATO' LAU ENG GUANG | 11-Jun-2020 | Disposed | 1,246,450 | 0.000 |
|
| DATO' LAU ENG GUANG | 11-Jun-2020 | Disposed | 1,050,000 | 0.000 |
|
| DATIN GOH KIM KOOI | 09-Jun-2020 | Disposed | 603,600 | 0.000 |
|
| DATO' LAU ENG GUANG | 09-Jun-2020 | Disposed | 603,600 | 0.000 |
|
| DATIN GOH KIM KOOI | 02-Jun-2020 | Disposed | 1,000,000 | 0.000 |
|
| DATO' LAU ENG GUANG | 02-Jun-2020 | Disposed | 1,000,000 |
2) TOPGLOVE
Top Glove is a serious grown adult walking confidently
See
| MR LIM HOOI SIN | 22-May-2020 | Others | 247,600 | 4.900 |
|
| MR LIM HOOI SIN | 22-May-2020 | Others | 58,900 | 4.630 |
|
| MR LIM HOOI SIN | 22-May-2020 | Others | 49,200 | 5.060 |
|
| MR LIM HOOI SIN | 22-May-2020 | Others | 30,000 | 4.720 |
|
| PUAN SRI TONG SIEW BEE | 22-May-2020 | Others | 247,600 | 4.900 |
|
| PUAN SRI TONG SIEW BEE | 22-May-2020 | Others | 58,900 | 4.630 |
|
| PUAN SRI TONG SIEW BEE | 22-May-2020 | Others | 49,200 | 5.060 |
3) SUPERMAX
SuperMax is like A Young Business Man Running to Get More Business
3 New Factories being built concurrently
Just bought another land to build glove factory number 4
Instead of doing easy OEM SuperMax go all out doing OBM to get more Value
See
| MR NG KENG LIM @ NGOOI KENG LIM | 29-May-2020 | Acquired | 200,000 | - |
|
| MR TAN CHEE KEONG | 28-May-2020 | Acquired | 20,000 | - |
|
| MISS CECILE JACLYN THAI | 27-May-2020 | Acquired | 100,000 | - |
|
| MR TAN CHEE KEONG | 21-May-2020 | Acquired | 40,000 |
WHICH ONE WILL YOU CHOOSE?
Best regards
Calvin Tan Research
Singapore
Please buy/sell after doing your own due diligence
https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-06-12-story-h1508760038-A_TALE_OF_3_GLOVES_IN_PICTURES_COMFORT_GLOVE_TOPGLOVE_SUPERMAX_Calvin_T.jsp
