Hi guys (Please read to the end while we type)
So far so good
4 Major Gloves namely Topglove, Supermax, Kossan & Harta are now near to Rm15.00 & Rm25.00 range
Really Amazing Prices Indeed!
Now it seems people are afraid of them being too high and are turning to chase pharma counters, some even to limit up today
But look at the context
Covid vaccines even if it's available will only apply to 32 million population in Malaysia. Since it does not origin from Malaysia every other country will have their own
BUT NOT FOR MEDICAL EXAM GLOVES
ONLY MALAYSIA HAS CAPTURED 65% OF MEDICAL GLOVE MARKETS WORLDWIDE
AND THE POPULATION IS VERY HUGE = 7.8 BILLION PEOPLE
See Covid vaccine = Market size - 32 millions
MEDICAL GLOVES MARKET SIZE = 7.8 BILLIONS
Now since TOP 4 GLOVES TAIKO HAVE GONE UP VERY HIGH NOW
Let's look at 4 smaller laggard gloves & SEE if there is VALUE THERE
HLT GLOBAL
Definition of Subunit:
HLT EARNS 0.51 SEN ONE QUARTER
Annualised 0.51 x 4 = 2.04
If P/E is 30
2.04 x 30 = 61.2 SEN
PRICE NOW 71 SEN (P/E 34.8)
CAREPLUS
Definition of Subunit:
LATEST QTR IS 0.21
ANNUALISED 0.21 x 4 = 0.84
P/E 30
30 x 0.84 = 33.6 SEN
CURRENT PRICE IS Rm1.89
P/E is 225
RUBBEREX
Definition of Subunit:
EARNS 3.67 SEN
ANNUALISED 3.67 x 4 = 14.6
30 P/E = 30 x 14.6
= Rm4.38
CURRENT PRICE Rm3.55
COMFORT GLOVE
Definition of Subunit:
EARNINGS 2.8 SEN
ANNUALISED 2.8 x 4 = 11.2 SEN
P/E 30 = 30 x 11.2 SEN
= Rm3.36
CURRENT PRICE IS Rm3.93
FROM HERE WE SEE RUBBEREX TO BE UNDERVALUE & CAREPLUS OVERVALUE & BOTH HLT & COMFORT FAIRLY VALUED
BUT ALL THE BIG 4 GLOVES HAVE QUITE HIGH P/E
1) SUPERMAX P/E IS 79
2) KOSSAN P/E IS 66
3) HARTA P/E IS 126.2
4) TOPGLOVE P/E IS 45.43
SINCE THE BIG 4 GLOVE PRICES ARE IN HIGH RANGE MOST RETAIL INVESTORS HAVE TURNED TO THE VACCINE THEME. CALVIN ADVISE AGAINST IT AS IT HAS A SMALL MALAYSIA MARKET IN COMPARISON TO EXAM GLOVES WHICH STILL GOT THE WORLD MARKET AT LARGE
AND THESE ARE THE TWO STOCKS TO INVEST
1) HLT GLOBAL AT 71 (P/E 34.8)
TARGET PRICE IS RM1.20 TO RM1.50
2) CAREPLUS AT RM1.89 (P/E 225)
TARGET PRICE IS RM2.50 TO RM2.80
NOW RUBBEREX IS CAPPED BY NEW MAJOR SHAREHOLDERS & COMFORT UPSIDE ONLY MEDIOCRE
THE TWO BEST VALUE COMES FROM HLT & CAREPLUS
HLT WILL REPORT A MUCH BETTER QUARTER AS ITS TWO DIVISIONS WILL REPORT BETTER PROFIT
ITS HL RUBBER INDUSTRIES' MEDICAL EXAM GLOVES FULLY SOLD TILL AFTER CHINESE NEW YEAR 2021
FOR BOTH HLT & CAREPLUS LAST QUARTER SETBACKS WAS DUE TO "IMPAIRMENTS"
NOW THAT THESE ARE OUT OF THE WAY
PLUS "EXPLOSIVE" PROFITS JUST LIKE THE MAJOR GLOVE COMPANIES THEY WILL BOTH REPORTED MUCH BETTER RESULTS!
MORE THAN THAT!!
AS TIMES OF TRUE BULL RUN HAS RETURNED CAN EXPECT BOTH HLT & CAREPLUS TO GIVE BONUS ISSUES SOON
SEE
BONUS ISSUES FROM HLT
BONUS ISSUES BY CAREPLUS
BEST REGARDS
CALVIN TAN RESEARCH
SINGAPORE
PLEASE BUY OR SELL AFTER DOING YOUR OWN DUE DILIGENCE
So far so good
4 Major Gloves namely Topglove, Supermax, Kossan & Harta are now near to Rm15.00 & Rm25.00 range
Really Amazing Prices Indeed!
Now it seems people are afraid of them being too high and are turning to chase pharma counters, some even to limit up today
But look at the context
Covid vaccines even if it's available will only apply to 32 million population in Malaysia. Since it does not origin from Malaysia every other country will have their own
BUT NOT FOR MEDICAL EXAM GLOVES
ONLY MALAYSIA HAS CAPTURED 65% OF MEDICAL GLOVE MARKETS WORLDWIDE
AND THE POPULATION IS VERY HUGE = 7.8 BILLION PEOPLE
See Covid vaccine = Market size - 32 millions
MEDICAL GLOVES MARKET SIZE = 7.8 BILLIONS
Now since TOP 4 GLOVES TAIKO HAVE GONE UP VERY HIGH NOW
Let's look at 4 smaller laggard gloves & SEE if there is VALUE THERE
HLT GLOBAL
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 |
26,132
|
31,848
|
26,132
|
31,848
|
| 2 | Profit/(loss) before tax |
2,174
|
1,094
|
2,174
|
1,094
|
| 3 | Profit/(loss) for the period |
2,024
|
1,099
|
2,024
|
1,099
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
2,600
|
1,276
|
2,600
|
1,276
|
| 5 | Basic earnings/(loss) per share (Subunit) |
0.51
|
0.25
|
0.51
|
0.25
|
| 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 ($$) |
0.1100
|
0.1000
|
||
Definition of Subunit:
In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:
Example for the subunit as follows:
| Country | Base Unit | Subunit |
| Malaysia | Ringgit | Sen |
| United States | Dollar | Cent |
| United Kingdom | Pound | Pence |
Announcement Info
| Company Name | HLT GLOBAL BERHAD |
| Stock Name | HLT |
| Date Announced | 22 Jun 2020 |
| Category | Financial Results |
| Reference Number | FRA-19062020-00018 |
Annualised 0.51 x 4 = 2.04
If P/E is 30
2.04 x 30 = 61.2 SEN
PRICE NOW 71 SEN (P/E 34.8)
CAREPLUS
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
31 Mar 2020
|
31 Mar 2019
|
31 Mar 2020
|
31 Mar 2019
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
104,696
|
85,149
|
104,696
|
85,149
|
| 2 | Profit/(loss) before tax |
1,206
|
795
|
1,206
|
795
|
| 3 | Profit/(loss) for the period |
1,141
|
518
|
1,141
|
518
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
1,141
|
363
|
1,141
|
363
|
| 5 | Basic earnings/(loss) per share (Subunit) |
0.21
|
0.07
|
0.21
|
0.07
|
| 6 | Proposed/Declared dividend per share (Subunit) |
0.50
|
0.00
|
0.00
|
0.00
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
0.1840
|
0.1819
|
||
Definition of Subunit:
In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:
Example for the subunit as follows:
| Country | Base Unit | Subunit |
| Malaysia | Ringgit | Sen |
| United States | Dollar | Cent |
| United Kingdom | Pound | Pence |
Announcement Info
| Company Name | CAREPLUS GROUP BERHAD |
| Stock Name | CAREPLS |
| Date Announced | 05 Jun 2020 |
| Category | Financial Results |
| Reference Number |
FRA-02062020-00006 |
ANNUALISED 0.21 x 4 = 0.84
P/E 30
30 x 0.84 = 33.6 SEN
CURRENT PRICE IS Rm1.89
P/E is 225
RUBBEREX
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 |
66,430
|
50,457
|
66,430
|
50,457
|
| 2 | Profit/(loss) before tax |
10,487
|
2,626
|
10,487
|
2,626
|
| 3 | Profit/(loss) for the period |
9,261
|
1,959
|
9,261
|
1,959
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
9,261
|
1,959
|
9,261
|
1,959
|
| 5 | Basic earnings/(loss) per share (Subunit) |
3.67
|
0.78
|
3.67
|
0.78
|
| 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 ($$) |
0.8500
|
0.8100
|
||
Definition of Subunit:
In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:
Example for the subunit as follows:
| Country | Base Unit | Subunit |
| Malaysia | Ringgit | Sen |
| United States | Dollar | Cent |
| United Kingdom | Pound | Pence |
Announcement Info
| Company Name | RUBBEREX CORPORATION (M) BERHAD |
| Stock Name | RUBEREX |
| Date Announced | 29 Jun 2020 |
| Category | Financial Results |
| Reference Number |
FRA-26062020-00014 |
ANNUALISED 3.67 x 4 = 14.6
30 P/E = 30 x 14.6
= Rm4.38
CURRENT PRICE Rm3.55
COMFORT GLOVE
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
30 Apr 2020
|
30 Apr 2019
|
30 Apr 2020
|
30 Apr 2019
|
||
|
$$'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
|
||
| Remarks : |
This announcement is dated 12 June 2020. |
Definition of Subunit:
In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:
Example for the subunit as follows:
| Country | Base Unit | Subunit |
| Malaysia | Ringgit | Sen |
| United States | Dollar | Cent |
| United Kingdom | Pound | Pence |
ANNUALISED 2.8 x 4 = 11.2 SEN
P/E 30 = 30 x 11.2 SEN
= Rm3.36
CURRENT PRICE IS Rm3.93
FROM HERE WE SEE RUBBEREX TO BE UNDERVALUE & CAREPLUS OVERVALUE & BOTH HLT & COMFORT FAIRLY VALUED
BUT ALL THE BIG 4 GLOVES HAVE QUITE HIGH P/E
1) SUPERMAX P/E IS 79
2) KOSSAN P/E IS 66
3) HARTA P/E IS 126.2
4) TOPGLOVE P/E IS 45.43
SINCE THE BIG 4 GLOVE PRICES ARE IN HIGH RANGE MOST RETAIL INVESTORS HAVE TURNED TO THE VACCINE THEME. CALVIN ADVISE AGAINST IT AS IT HAS A SMALL MALAYSIA MARKET IN COMPARISON TO EXAM GLOVES WHICH STILL GOT THE WORLD MARKET AT LARGE
AND THESE ARE THE TWO STOCKS TO INVEST
1) HLT GLOBAL AT 71 (P/E 34.8)
TARGET PRICE IS RM1.20 TO RM1.50
2) CAREPLUS AT RM1.89 (P/E 225)
TARGET PRICE IS RM2.50 TO RM2.80
NOW RUBBEREX IS CAPPED BY NEW MAJOR SHAREHOLDERS & COMFORT UPSIDE ONLY MEDIOCRE
THE TWO BEST VALUE COMES FROM HLT & CAREPLUS
HLT WILL REPORT A MUCH BETTER QUARTER AS ITS TWO DIVISIONS WILL REPORT BETTER PROFIT
ITS HL RUBBER INDUSTRIES' MEDICAL EXAM GLOVES FULLY SOLD TILL AFTER CHINESE NEW YEAR 2021
FOR BOTH HLT & CAREPLUS LAST QUARTER SETBACKS WAS DUE TO "IMPAIRMENTS"
NOW THAT THESE ARE OUT OF THE WAY
PLUS "EXPLOSIVE" PROFITS JUST LIKE THE MAJOR GLOVE COMPANIES THEY WILL BOTH REPORTED MUCH BETTER RESULTS!
MORE THAN THAT!!
AS TIMES OF TRUE BULL RUN HAS RETURNED CAN EXPECT BOTH HLT & CAREPLUS TO GIVE BONUS ISSUES SOON
SEE
BONUS ISSUES FROM HLT
| 07-Dec-2017 | 20-Dec-2017 | BONUS_ISSUE | Bonus Issue | 1 : 2 |
 |
| 07-Dec-2017 | 20-Dec-2017 | BONUS_ISSUE | Bonus Issue | 3 : 4 |
BONUS ISSUES BY CAREPLUS
| 25-Jul-2011 | 04-Aug-2011 | BONUS_ISSUE | Bonus Issue | 1 : 2 |
BEST REGARDS
CALVIN TAN RESEARCH
SINGAPORE
PLEASE BUY OR SELL AFTER DOING YOUR OWN DUE DILIGENCE
Coronavirus Cases:
15,220,438
https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-07-23-story-h1510691620-WHY_THE_GLOVE_BULL_RUN_IS_STILL_SOLID_AND_SEE_4_SMALLER_GLOVE_PLAYERS_H.jsp
