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Hi guys'
Now all 3 Results are out
Comfort Glove, Topglove & Supermax
Let's see their figures
1) COMFORT GLOVE

SUMMARY OF KEY FINANCIAL INFORMATION
30 Apr 2020

 
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
31 May 2020

 
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
 
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

SUMMARY OF KEY FINANCIAL INFORMATION
31 Mar 2020

 
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
Little boy running in meadow, side view
This is the attitude of Comfort Glove Bosses
See
They happily merrily sell shares.

2) TOPGLOVE
Adult Entrepreneur Portrait Wearing Tie Walking On Sidewalk Stock ...
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
Stock Photo - Young man running with briefcase. Stock Photos ...
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



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

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