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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

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
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:
 
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
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

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
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:
 
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
 
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

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
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:
 
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
 
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

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

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:
 
Country Base Unit Subunit
Malaysia Ringgit Sen
United States Dollar Cent
United Kingdom Pound Pence


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

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

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