Malaysia-based Riverstone employs more than 3,000 people throughout its six manufacturing facilities in Malaysia (4), Thailand (1) and China (1) with an annual production capacity of 9.0 billion gloves as at 31 December 2019. It also has an established global network of sales offices to serve its customers in Singapore, Malaysia, Thailand, the Philippines, China and the U.S. Riverstone was listed on the Mainboard of the Singapore in 2006.

Riverstone posts 119.3% increase in net profit to RM137.5 million for 1HFY2020
• Group’s revenue achieve RM626.7 million, driven by the surge in demand for our products worldwide
• Core operations continues to generate strong positive operating cash flows of RM222.2 million for
1HFY2020, bolstering balance sheet strength with a net cash position of RM264.2 million
• Phase 6 of the Group’s expansion plans is on track to raise production capacity by up to 1.4 billion to a
total of 10.4 billion pieces of gloves per annum by 4QFY2020
• As a mark of confidence in the Group’s outlook, the Board recommends an interim dividend of 4.00 sen
(RM) (1HFY2019: 1.55 sen (RM)) to reward shareholders

OBM King Supermax 8 distributor centres are as follows-

USA - Supermax Healthcare Inc.
BRASIL - Supermax Brasil Importadora
IRELAND - Supermax Healthcare (Europe) Limited
HONG KONG - Supermax Global (HK) Ltd.
UK - Supermax Healthcare Limited
SINGAPORE - Maxter Healthcare Pte Ltd
CANADA - Supermax Healthcare Canada Inc.
JAPAN - Aime Supermax KK

Supermax the OBM King. Hope you agree with me Aramco,

Supermax : Timely Expansion and Increasing ASP (Davidtslim)- Summary-
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1- In view of higher ASP in July and Aug, I expect Supermax to produce a record high profit for Q4FY2020 and Q1FY2021 (July-Sept 2020) which is scheduled to be released in Aug and Nov 2020.
2-Besides, aggressive and timely expansion of its Plant 12, and 15 will further boost its earning in FY2021 (July 2020 to June 2021).
3-Strong export to US export for the period of April-July which normally US has higher margin (5% according to topglove news) and Supermx has a distribution centre in US.
4-Supermax has aggressively increased its OBM contribution and also further reduced the numbers of dealers which can further improve its profit margin.
5-All new plants of Supermax have been converted to Nitrile gloves line due to higher ASP and profit margin.

yttihs , thanks for calculation. It is much better than Uncle KYY's dodgy calculation.

A PAT of Rm 1.2 b - 1.6 b for Q4 is definitely achieveable given the rising ASP and volume.

Tomorrow RM30- no problem.

Top Glove’s 4th Q. profit is 5 times its 3rd Q. profit?
ByKoon Yew YinPosted on August 4, 2020

Affin Hwang Capital Research analyst, Mr Ng Chi Hoong recently pondered the possibility that Top Glove’s share price could breach Rm 100.In the 3rd quarter ending May, its revenue Rm 1,688 million – PBT 422 million = Rm 1,266 million production cost.

Assuming 10% selling price increase its revenue for June was Rm 1,688 X 1.10 = Rm 1.857 million – production cost Rm 1,266 = PBT Rm 591 million.

Assuming 10% selling price increase its revenue for July was Rm 1,857 X 1.1 = Rm 2043 million – production cost Rm 1,266 = PBT Rm 777 million.

Hey Dog tor, Wong, missed the boat huh, don't worry can still enter.

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Posted by Dr.Wong > Aug 4, 2020 3:56 PM | Report Abuse

Supermax also miss earning laa all stupid listen to OTC and TY..
I heard 160 mil only for supermax

Me thinks there is huge migration to OBM King Supermax from Harta & Kossan (both 100% OEM players). Way to go man.

TP 25-00 before Q4 release, am sure rr88 agrees with me. lol

TP 6.00 for today. Stay calm. Thereafter it may consolidate before resuming its uptrend.

KUALA LUMPUR (June 3): AmInvestment Bank Research has maintained its “Overweight” rating on the glove sector and said that selling prices will continue to soar for the next 12 months as lead time stretches up to 12 months.

In a sector note today, the research house said the glove companies’ earnings will be further pushed by expanded margins as raw material prices remain low, selling prices continue to grow, US dollar continues to strengthen over ringgit and expansion plans remain intact for the glove producers.

Upcoming results date for rubber glove stocks Big $) quarterly report -

1) Hartalega - 4th Aug
2) Supermax - likely 2nd week of Aug - before 18 Aug
3) Kossan - 25th Aug
4) Top Glove - mid or second half of September 2020

@hairy,tambah to your list, Hexza- hand sanitiser.

An emerging glove manufacturer with business model similar to Supermax.
-----------------------------------------------------------------
Careplus runs on a hybrid OEM and OBM business model, but still predominantly manufactures more OEM gloves. It has an in-house brand Rubbercare, which distributes both nitrile and latex gloves.

The group said it will double its total production capacity to 8.8 billion pieces by end-2021 from 4.1 billion pieces currently — with a total of 50 production lines by then.

More like a rocket to the moon for me. Im pretty sure rr88 agrees.
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Posted by dreamer74 > Aug 3, 2020 1:53 PM | Report Abuse

Got shooting star meh ? Look like is real body with short shadow only..

Careplus's rise is due to its excellent earnings prospect. Just take a read -

Careplus registered PAT of RM36.4 mil . However this figure is inclusive of a one-off profit of RM15.4 mil , hence the profit derived from glove manufacturing is RM21 mil. ( 36.4-15.4)

So EPS (less 1 off gain) for this quarter is RM21/540 shares= 3.8 sen per share.

Assuming a growth rate of 10% for the next 3 quarter, EPS for 4 Quarters would work out as follows-

Current Q 3.8
Next Q......4.2
Next Q......4.6
Next Q..... 5.1
-----------------------
Total EPS 21.5 sen for 4 Quarters.
-----------------------

PE of 30x works out to RM 6.45

@origamiandair, thanks for the information. Cheers!

Im not promoting but just sharing here, the counters supplying ethanol ( the main ingredient) for hand sanitisers is worth looking at. Any comments folks?

I believe all 7 (big & small) glove counters are in for a jolly good time.

Well done James! You deserve every cent of it as you have not sold earlier.

Yup Limit Up before lunch highly likely.

CORRECT.
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Posted by silverwave > Aug 3, 2020 11:53 AM | Report Abuse

limit up max is 4.74 right?

Careplus should stabilise around RM5 , just my gut feel , I'm hopeless at technical analysis. Carelplus is surely a rising star.

Congrats to all investors.!

Rm19.62 on the way and next stop rm25.

TTDI , the share price will be adjusted accordingly. Liquidity for the stock will be enhanced.

Careplus have total 28 lines in 3 factories. Ansell bought 50% Careplus (Malaysia) Sdn Bhd which have only 8 lines. Total profit contribution from CMSB is RM0.886m for period 15/5/20-30/6/20. For 1/4/20-14/5/20 is less than RM1.7m. So, even excluded 100% CMSB PAT. CAREPLUS still have more than 18m core business PAT. Furthermore, Careplus will install another 10 lines for 2H FY2020. So, even without 100% CMSB, the PAT will still growing for Q3 and Q4.

Careplus registered PAT of RM36.4 mil . However this figure is inclusive of a one-off profit of RM15.4 mil , hence the profit derived from glove manufacturing is RM21 mil. ( 36.4-15.4)

So EPS (less 1 off gain) for this quarter is RM21/540 shares= 3.8 sen per share.

Assuming a growth rate of 10% for the next 3 quarter, EPS for 4 Quarters would work out as follows-

Current Q 3.8
Next Q......4.2
Next Q......4.6
Next Q..... 5.1
-----------------------
Total EPS 21.5 sen for 4 Quarters.
-----------------------

PE of 30x works out to RM 6.45
--------------------------------------------------------------------------
Posted by covid2019 > Aug 3, 2020 10:08 AM | Report Abuse

careplus made huge lostt for ear 2019...they pushed the profits to their sdn.bhd company...i feel this fellow cannot trust wei..

TTDI , thats right.

TTDI, this is done by splitting the par value of a particular stock.

@TTDi, In a stock split, a company divides its existing stock into multiple shares to boost liquidity. Companies may also do stock splits to make share prices more attractive. ... The most common splits are 2-for-1 or 3-for-1, which means a stockholder gets two or three shares, respectively, for every share held.

Careplus is going ballistic today as its growth potential is being appreciated by investors. May be cornered by investors as paid up is comparatively small. Share split in the offing? Probably.

Concerns over the safety of Covid-19 vaccines being developed by Russia
------------------------------------------------------------------
WASHINGTON (AFP) - America’s top infectious diseases official has raised concerns over the safety of Covid-19 vaccines being developed by Russia as the world scrambles for answers to a pandemic the WHO warned will be felt for decades.

Russia has set a target date of September to roll out its own vaccine.

But US infectious disease expert Anthony Fauci said it was unlikely his country would use any vaccine developed in either country, where regulatory systems are far more opaque than they are in the West.

“I do hope the Russians are actually testing the vaccine before they are administering the vaccine to anyone,” he told a US Congressional hearing on Friday.

“Claims of having a vaccine ready to distribute before you do testing, I think, is problematic, at best.”

On August 1, about 20,000 people took to the streets in Berlin, Germany, to protest the government's measures to prevent coronavirus, including social distancing and wearing masks, and criticised the government for infringing on people's freedom and rights.

The demonstrators are high on slogans such as "End the Coronavirus panic immediately and return the basic rights", "We are the second wave", "Natural epidemic prevention instead of vaccination", "Throw away masks", "We are forced to wear masks" and other slogans, demanding immediately To end the current epidemic prevention measures, some chanted "Isolate Bill Gates and Merkel."

But because many participants did not wear masks and were unable to maintain social distancing, the Berlin police dispersed the crowd in the afternoon and filed criminal proceedings against the convener of the parade.

According to Berlin police estimates, the number of participants in the parade reached about 20,000 at the peak.

Aiyaa, this mike dude just want to collect cheap tomorrow morning. Just ignore him . HLT will be announcing impressive quarterly results soon. His constant rants will only strengthen our resolve to hold on to our HLT shares.

Of course TG won't sit at one corner and sulk. They will definitely give a good fight.

What will happen if Supermax price is higher than TG ?

------------------------------------------------------

Superman will be installed the new King of Gloves in the world.

@wendycwl, no worries its real. figures obtained from i3 and from latest company news.

An emerging glove manufacturer with business model similar to Supermax.
-----------------------------------------------------------------
Careplus runs on a hybrid OEM and OBM business model, but still predominantly manufactures more OEM gloves. It has an in-house brand Rubbercare, which distributes both nitrile and latex gloves.

The group said it will double its total production capacity to 8.8 billion pieces by end-2021 from 4.1 billion pieces currently — with a total of 50 production lines by then.

Tier 2 glove stocks comparison.

..................Capacity by 2021.....Current price........T4Q PE
Rubberrex...........3.0 billion.............5.23..................77.8
Comfort..............6.0 billion.............5.37...................76.2
Careplus.............8.8 billion.............3.65..................59.4

The World Health Organisation on Saturday warned that the coronavirus pandemic is likely to be "lengthy" after its emergency committee met to evaluate the crisis six months after sounding the international alarm.

The committee "highlighted the anticipated lengthy duration of this Covid-19 pandemic", the WHO said in a statement, and warned of the risk of "response fatigue" given the socio-economic pressures on countries.

Goinvest88, the 9 newly installed lines will not involve the JV company.

Careplus have total 28 lines in 3 factories. Ansell bought 50% Careplus (Malaysia) Sdn Bhd which have only 8 lines. Total profit contribution from CMSB is RM0.886m for period 15/5/20-30/6/20. For 1/4/20-14/5/20 is less than RM1.7m. So, even excluded100% CMSB PAT. CAREPLUS still have more than 18m core business PAT. Furthermore, Careplus will install another 9 lines for 2H FY2020. So, even without 100% CMSB, the PAT will still growing for Q3 and Q4.

-----------------------------------------------------------------------
Posted by Johngenting > Aug 1, 2020 9:45 AM | Report Abuse

But they already sold 50percent of the glove making factory . How to increase their profit ......

Careplus is an OEM and OBM manufacturer of Gloves.
--------------------------------------------------------------
Careplus runs on a hybrid OEM and OBM business model, but still predominantly manufactures more OEM gloves. It has an in-house brand Rubbercare, which distributes both nitrile and latex gloves.

(source Affin Hwang Capital-Research)

The group said it will double its total production capacity to 8.8 billion pieces by end-2021 from 4.1 billion pieces currently — with a total of 50 production lines by then.

An emerging glove manufacturer with business model similar to Supermax.

Careplus buys remaining stake in Careglove Brazilia (dated 10/10/19)
----------------------------------------------------------------
Careplus Group Bhd is spending RM24 million to gain full control of Careglove Global Sdn Bhd, which makes rubber gloves for the Brazilian market.

In a filing with the stock exchnage today, Careplus said it is buying the remaining 49.99% stake in Careglove

This includes the expansion of the unit’s business into other markets outside Brazil, it added.

Careglove Brazil is a manufacturer, distributor, importer and exporter of all types of handgloves.

The acquisitions expected to be completed by the first quarter of 2020.

This is a big boost to Careplus as Brazil is the epicentre of Covid19 cases in South America.

Totally agree with you Aramco.
----------------------------
You will never have a chance to own RM5.00 Gloves stock out of 7 in Bursa very soon Beside Carpls if you buy now

Short-term TP of RM4 is coming sooner than expected driven by an aggressive "shark".
Yes, keep on gobbling.!

This is a repost.

Careplus registered PAT of RM36.4 mil . However this figure is inclusive of a one-off profit of RM15.4 mil , hence the profit derived from glove manufacturing is RM21 mil. ( 36.4-15.4)

So EPS (less 1 off gain) for this quarter is RM21/540 shares= 3.8 sen per share.

Assuming a growth rate of 5% for the next 3 quarter, EPS for 4 Quarters would work out as follows-

Current Q 3.8
Next Q......4.0
Next Q......4.2
Next Q..... 4.4
-----------------------
Total EPS 16.4 sen for 4 Quarters.
-----------------------

EPS x PE = Price

16.4 x 20= RM3.28
16.4 x 25= RM4.10
16.4 x 30= RM4.92

Fair value based on PE of 30 would be RM4.92

This calculation is purely for sharing and is not a buy or sell call.

Thank you.

Careplus is consolidating, need to rest mah, after climbing from 1.50 to 3.00 in a matter of 5, 6 days. Once a base is formed it will continue climbing higher next week. Weak players will be flushed out in the meantime. TP or 4.0 is not a problem in the short term. The patient ones will be rewarded.
Happy investing folks. Cheers!

But to a lesser extent as HLT is not a pure Glove counter.

Yes, same prospect for HLT.