Due to the Covid 19 pandemic, the demand for glove far exceeds supply. As a result, all the glove makers can easily increase their selling prices to make more and more profit.
Hartalega just announced its 3rd quarter ending December EPS 29.31 sen. Its previous ending quarter ending September EPS was 15.95, QoQ 83.8% and RoE 24.02%. Its share price shot up 68 sen to close at Rm 13.00 per share.
Hartalega’s record profit should lead the way for Supermax.
Supermax’s 1st quarter ending September EPS 30.58 sen. Its previous quarter ending June EPS was 15.19 sen, QoQ 98% and RoE 37.3%. Share price shot up 47 sen to close at Rm 7.00.
Assuming Supermax’s profit for 2nd quarter ending December goes up proportionally like Hartalega, EPS should be about 50 sen.
Hartalega EPS 29.31 sen and closing price is Rm 13.00
Supermax EPS 50 sen and closing price is Rm 7.00 which is very much undervalued.
Created by Koon Yew Yin | Oct 30, 2024
Latest poll on 30th Oct 2024
Created by Koon Yew Yin | Oct 30, 2024
Latest poll on 30th Oct 2024
Created by Koon Yew Yin | Oct 25, 2024
The group is expected to deliver better profits and revenue from its pipe coating, engineering, and bioenergy segments.
Created by Koon Yew Yin | Oct 14, 2024
Today I read the article by Murray Hunter titled “A Visit to the Malaysian Communist Party tunnels in Betong, Thailand”, which is an important part of Malaysia’s history.
Created by Koon Yew Yin | Oct 04, 2024
KSL is still the cheapest based on a 4.4 PE ratio, which means its share price should continue to go up. Unfortunately, there are a few small investors who always queue to sell at cheaper prices...
Created by Koon Yew Yin | Oct 04, 2024
KSL is still the cheapest based on a 4.4 PE ratio, which means its share price should continue to go up. Unfortunately, there are a few small investors who always queue to sell at cheaper prices...
Created by Koon Yew Yin | Sep 06, 2024
Water pollution is a huge challenge for freshwater in the UK, impacting our rivers, streams, and lakes and the wildlife that call them home.
Created by Koon Yew Yin | Sep 03, 2024
State housing and local government committee chairman Datuk Mohd Jafni Md Shukor said demand for properties in Johor has gone up since last year’s announcement about the SEZ.
Created by Koon Yew Yin | Aug 30, 2024
KSL announced its total 4 quarter EPS of 42.3 sen and its net tangible asset (NTA) backing of RM3.86. It is selling for less than 50% of its net tangible asset (NTA). KSL is undervalued. Its share...
Created by Koon Yew Yin | Aug 26, 2024
In 2012, I wrote my first book “Malaysia: Road Map For Achieving Vision 2020” which was launched by former Financial Minister Tengku Razaleigh.
Marketsifu
Today glove up not because of glove good or up trend or because of Harga QR. All because of most of the stock is drop, people sell their stock & hedge with glove. Since the govt already announced NO MCO (LOCK DOWN) tomorrow confirmed all rebound stock, Bank sectors, Tech & Others stock confirmed will gap up. DO YOU THINK PEOPLE STILL HOLD GLOVE SINCE OTHER STOCK REBOUND???? Come on UNCLE, be a smart investors.
Tomorrow continue goreng penny stock rather than holding downtrend glove. Glove only one day show. Even I'm new investor but I don't see tomorrow people will buy glove.
2021-01-26 00:03