After Topgove last quarter report come out. Glove become hot topic.
I don't own any glove stock.
I just take some data to compare each other. Maybe it useful for you ^^...
All data some base on date as below:
(mostly data copy from i3)
1.) Revenue
Harta best in increase they revenue. Supermx =.=...
2.) Net Profit
Comfort good turnover results but tax increase from 2017 to 2019. Supermx =.=... again
3.) Net Profit Margin
Comfort lower net profit margin but most increase profit margin =.=...
Harta best profit margin.
4.) ROE
Harta best ROE, but 10 years ago ROE too good (become worst results ROE increse (%).
Opposite condition for comfort.
5.) PE
Base on PE, rank given from investors. Harta, Topglove, Kossan, Supermx and Comfort.
6.) USD/RM
Harta, Kossan, Supermx 1-Oct-2019 to 31-Dec-2019 average USD/RM about same with
previous quarter 1-Jul-2019 to 30-Sep-2019. But in furture will effect it.
For Topglove and Comfort we can see average USD/RM lower compare last quarter
*Data taken until 17-Jan-2020
7.) Latex Cost
* Jan-2020 data until 17-Jan-2020
http://www3.lgm.gov.my/mre/YearlyAvg.aspx
Simple calculation average buld latex cost vs quarter report date as below:
8.) PBT
Conclusion
Harta higher PE - Best ROE and profot margin (AMG Antimicrobial Glove)
Topglove second high PE - Big name president Lim Wee Chai and exploxe condom market
Kossan third high PE - ROE and profit margin better than Topglove but PE lower than Topglove
Supermx - Contact lens
Comfort - Cheap glove counter in Malaysia
https://klse.i3investor.com/blogs/WahLau/2020-01-19-story-h1482841838-Top_5_Glove_In_Malaysia_Harta_Topglove_Kossan_Supermx_Comfort.jsp
