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Hi guys

Today both Luxchem & Hartalega released their great results this afternoon

 

Let's see

 

HARTALEGA

 

SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2020

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Sep 2020
30 Sep 2019
30 Sep 2020
30 Sep 2019
$$'000
$$'000
$$'000
$$'000
1 Revenue
1,346,016
709,424
2,266,103
1,349,525
2 Profit/(loss) before tax
682,961
137,327
955,780
258,981
3 Profit/(loss) for the period
549,698
104,206
770,758
198,460
4 Profit/(loss) attributable to ordinary equity holders of the parent
544,958
103,867
764,677
197,930
5 Basic earnings/(loss) per share (Subunit)
15.95
3.09
22.38
5.90
6 Proposed/Declared dividend per share (Subunit)
3.85
1.80
5.95
3.70
   
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 ($$)
0.9900
0.7500
 

 

15.95 sen

Annualized 15.95 x 4 = 63.8 sen 

If we assign P/E 30

Then 63.8 x 30 = Rm19.14

At current closing price Rm18.36 Hartalega upside is only 78 sen or 4% more to reach full value

 

 

Luxchem

SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2020

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Sep 2020
30 Sep 2019
30 Sep 2020
30 Sep 2019
$$'000
$$'000
$$'000
$$'000
1 Revenue
191,260
187,488
506,033
578,325
2 Profit/(loss) before tax
18,847
11,352
42,259
37,365
3 Profit/(loss) for the period
14,169
8,243
30,792
27,538
4 Profit/(loss) attributable to ordinary equity holders of the parent
14,204
8,583
31,758
28,076
5 Basic earnings/(loss) per share (Subunit)
1.59
0.96
3.55
3.20
6 Proposed/Declared dividend per share (Subunit)
0.00
0.00
1.00
1.00
   
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 ($$)
0.3600
0.330

 

1.59 sen

Annualized 1.59 x 4 = 6.36 sen

If P/E 30 then 6.36 x 30 = Rm1.90

Currect price 89.5 sen

So Rm1.05 or 117% more to reach Rm1.90

 

From these figures we SEE that Hartalega is almost fully valued while Luxchem still undervalue

 

And do you know that Topglove & Hartalega are Top 2 Biggest Customers of Luxchem Nitrile Glove Chemicals?

 

 

Warm regards

Calvin Tan Research

Singapore

 

Disclaimer

All information provided here should be treated for informational purposes only. It is solely reflecting author's personal views and the author should not be held liable for any actions taken in reliance on information contained herein.

OKOK

 

aikinlai I dun think can uae PE 30 for luxchem.
27/10/2020 1:55 PM


SEE HOW PEOPLE DON'T WANT TO ASSIGN P/E TO LUXCHEM & GLOVES NOW?

NO WONDER AFTER CAREPLUS GOOD RESULT OUT PRICES STILL DID NOT MOVE MUCH

HMMM?

ARE ALL GLOVES NOW OVERVALUED?

THEN HOW NOW?

YESSSS!!!

GO BUY JTIASA!!!

JTIASA IF IMPAIRMENTS NOT INCLUDED HAS A P/E OF LESS THAN 3

JAYA TIASA = GIANT TREASURE

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-10-27-story-h1535481759-LUXCHEM_RESULT_VERSUS_HARTALEGA_RESULT_COMPARE_CONTRAST_Calvin_Tan_Rese.jsp

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