probability, you need to look at different point as per below:

1)Gloves demand supplied by Malaysia last year is 192B and expect to increase to 210B this year. However with the Covid pandemic, the demand increase from 192B to 230B (additional 38B which is equalvalent half Top glove)

2)Need to look into lead time. Lead time increase from 45days to 90-120days which mean glove is shortage. Glove shortage will lead to high ASP which translate to higher margin. Who has the highest capacity will be the winner. Predict margin top glove to be improve from 9 to 12%

Chelsea

FTIR and IC equipment is very common machine. A lot unlisted company aslo selling this equipment such as shidmazu, merck , spectra and others

With USD strengthen to 4.43 translate higher revenue.
With low crude oil translate to lower raw material price. Nitrile price has weakening 20-30% from peak. Nitrile is approximate 50% from total cost glove.
With this double effect, it will translate with higher profit.

harta is the most resilient stock. With surge demand in us and Europe where approximate 60-80% from this region will boost harta net profit on coming next 2 Q.

because glove is safe haven now and current theme is rubber glove. Anticipate result boom with the next 2 Q

read latest news from margma. Resume production due to global glove shortage

Chelsea Global glove demand surge where Malaysia order increase from 192B to 230B (additional 38B) which equivalent to half Top glove. This demand will continue grow due health concern awareness which arise from flu virus in US and COVID-19. As u can c, past 5 years the CAGR average is 12% compare with 7% on past decade. My target for Harta after include plant 6 is rm7 and plant 7 is rm7.8

CHELSEA

12/02/2020 2:17 PM

lol Jerichomy don't listen to others. Please refer to the top 20 fund as closing 31 January 2020 where mostly new fund enter except Supermax.

Global glove demand surge where Malaysia order increase from 192B to 230B (additional 38B) which equivalent to half Top glove. This demand will continue grow due health concern awareness which arise from flu virus in US and COVID-19. As u can c, past 5 years the CAGR average is 12% compare with 7% on past decade. My target for Harta after include plant 6 is rm7 and plant 7 is rm7.8

CHELSEA

with plant 6 will kick in Q4 FY 2020 and plant 7 kick in next Q4 FY 2021, I forecast TP will be rm7 this year and Rm8 on next year. After this Q3 with expansion Plant 6 and Plant 7, sure Harta will keep break record high every Q

actually, the demand to US huge jump due to deadly virus flu which is more serious than corona virus. This will benefit the most to Hartalega as 60% revenue Harta is from US

Chelsea please take note if break major resistance 5.63 ascending triangle, it will head to RM6.
Coming Q3 QTQ will grow positive due to good demand and high utilization.
Confirm Q4 QTQ and YTY will positive and the YTY will break double digit growth. Profit in Q4 will break historical high since 2008 due to plant 6 kick in. Foresee Harta will back to RM 7 on next year.

CHELSEA

27/12/2019 12:59 PM

as demand of gloves increase, the ceramic mould to produce gloves will be increase as well. 3 positive improvement Q show that Esceram may back to peak 66sen when it record net profit 7+million with EPS 3.5

Kenanga upgrade Harta to RM6.50
Cimb upgrade Harta to RM6.25
Macquaria upgrade Harta to RM 7.10

Hartalega has highest exposure and export to US

harta breakout from inverse head and shoulder

sars is getting worsen and spread to Shenzhen, Beijing, guadong, south korea, japan and Singapore. glove in focus

harta in focus as sars Wuhan is spreading

Dear Mr Tan, my stock picks for 2020 stocks pick as mentioned below:

Esceram : 30%
Armada : 20%
Jaks : 20%
Tguan : 10%
Harta : 10%
Uzma : 10%

Thank you

please take note if break major resistance 5.63 ascending triangle, it will head to RM6.
Coming Q3 QTQ will grow positive due to good demand and high utilization.
Confirm Q4 QTQ and YTY will positive and the YTY will break double digit growth. Profit in Q4 will break historical high since 2008 due to plant 6 kick in. Foresee Harta will back to RM 7 on next year.

CHELSEA

worst is over. buy before it shoot up to rm 6

Limit up soon

RF888, you are right. Coming Q will break record high as Plant 18 start kick in earning.

P19 got extra 3bil pcs.

worst is over. breakout at 5.40sen. gooshen is loser. now the direction is north

Haha roger keep crying.

aiyoh, read carefully. it refer to WRP glove. all the customer from WRP will switch to others

Hooi epf selling today and buy next day cannot tell the real story. Selling in left hand and buy back in right hand is to create volume. The most important epf holding is still similar

Phillip, look carefull on topglove. They are biggest in the world in term on volume but thier profit slump this year and thier profit margin keep shrinking to the lowest 6.3%.
Bear in mind largest volume does not mean the best or highest profit margin. This has be proven when looking back in year 2010 when harta output pieces is less twice than topglove but they able to achieve net profit similar to topglove.
Hence biggest does not mean the best. Innovative, able to improve production oee to achieve higher profit margins and strong management is the key of success.

https://9shares.my/%e7%be%8e%e5%9b%bd%e5%90%91%e4%b8%ad%e5%9b%bd%e6%89%8b%e5%a5%97%e5%be%81%e7%a8%8e-%e9%83%91%e9%87%91%e6%a3%ae%ef%bc%9a%e9%80%9f%e6%9f%8f%e7%8e%9b%e7%be%8e%e5%9b%bd%e5%87%ba%e8%b4%a7%e9%87%8f%e5%b0%86/

Secondly, need to look into the profit margin. Kossan profit margin is keep uptrend due to management look into their process to improve their efficiency and also the OEE.

However, need to look into the NP growth. Supermax is constant with single digit growth while Kossan is the only glove stock which record double digit growth in year 2019.

Just publish an article regarding Kossan, https://klse.i3investor.com/blogs/kossan/223474.jsp
Free to comment

Free here to brainstorm. If look carefull on Supermax, the Q4 always deliver the lowest result which is abnormal. This is because glove produce gloves continuously and earning should be flat or increase if there are expansion.

Titan, must be patient. current stock is uptrend and with the P18 kick in Q3 and P19 kick in Q4 with 20% growth, the upside is huge. With latest tariff included medical glove will boost the glove demand.

result out soon on 22 August 2019.
Forecast YTY growth by 30% and possible break highest NP ever.
Latest expansion in P18 and P19 will bring more growth earning in Q3 and Q4.

Deeply undervalue

gooshen is right this time.

This coming Q2 I forecast double digit growth 30%

Why Kossan is the long term investment with huge upside?
1)The most undervalue glove stock with low PE 23.3 compare with Harta PE 37 Top Glove PE 29
2)Third largest (26.5B) in the world behind top glove 58B and Harta 30B
By 2019, it will increase the output from 26.5bil to 32bil (Plant 18 and Plant 19) with 20% growth and possible surpass Harta.
3)The only glove stock that record double digit growth in recently quarter result
4)Most IB upgraded the target price after Kossan perform superb result in latest Q1
Maybank : Target Price RM4.70 (Upside 23%)
Hong Leong : Target Price RM4.35 (Upside 13.9%)
Cimb : Target Price RM4.52 (Upside 17.5%)
Affin : Target Price RM6.00 (Upside 57%)
Public Bank: Target Price RM4.30 (Upside 12.6%)
MIDF : Target Price RM4.53 (Upside 16.6%)
Kenanga : Target Price RM5.25 (Upside 35.3%)
Personal TP: Target Price RM4.60 based on pe 20 and RM5.75 based on pe 25
5)After 2020, there are further expansion 48bil from 2020 to 2028 in Bidor

Why I so bullish on the glove stock is trade war will shift the supply from China to Malaysia. Gloves in China are more expensive by 25% and there are no price advantage between PVC and nitrile.
Global Demand is 300bil and Malaysia dominate the global demand by 63% and China (10%). The shift of 10% (30bil) demand from China to Malaysia will spur the growth and expansion in Malaysia. Biggest winner is major player nitrile glove which is Harta (90% nitrile) and Kossan (75% nitrile)

Mingkoon, u really dunno Kossan is third largest in the world. hmmm

Why Kossan is the long term investment with huge upside?
1)The most undervalue glove stock with low PE 23.3 compare with Harta PE 37 Top Glove PE 29
2)Third largest (26.5B) in the world behind top glove 58B and Harta 30B
By 2019, it will increase the output from 26.5bil to 32bil (Plant 18 and Plant 19) with 20% growth and possible surpass Harta.
3)The only glove stock that record double digit growth in recently quarter result
4)Most IB upgraded the target price after Kossan perform superb result in latest Q1
Maybank : Target Price RM4.70 (Upside 23%)
Hong Leong : Target Price RM4.35 (Upside 13.9%)
Cimb : Target Price RM4.52 (Upside 17.5%)
Affin : Target Price RM6.00 (Upside 57%)
Public Bank: Target Price RM4.30 (Upside 12.6%)
MIDF : Target Price RM4.53 (Upside 16.6%)
Kenanga : Target Price RM5.25 (Upside 35.3%)
Personal TP: Target Price RM4.60 based on pe 20 and RM5.75 based on pe 25
5)After 2020, there are further expansion 48bil from 2020 to 2028 in Bidor

Why I so bullish on the glove stock is trade war will shift the supply from China to Malaysia. Gloves in China are more expensive by 25% and there are no price advantage between PVC and nitrile.
Global Demand is 300bil and Malaysia dominate the global demand by 63% and China (10%). The shift of 10% (30bil) demand from China to Malaysia will spur the growth and expansion in Malaysia. Biggest winner is major player nitrile glove which is Harta (90% nitrile) and Kossan (75% nitrile)

The most undervalue stock in glove is Kossan.
Previous Q4 output is 25bil.
Coming Q1 (production Jan to March) output is 26.5bil after completion plant 17 in November 2018.
Based on the additional output, I forecast coming Q is growth approximate 30% to 40%.
Based on full year 2019 taking account plant 18 and plant 19 completion , I forecast EPS is around 23.
Based on the most conservative PE 20 , target price is RM4.60
Based on mean PE 25, the target price is RM5.75.

Other catalyst
Weakening MYR, Tariff, Expansion 48bil in Bidor.

Gooshen is right. Dive......

Laugh die me. Like this also can link. Better link Topglove supply glove to worker in Bandar malaysia and karex supply condom to workers

Krono - 15%
Vis - 15%
Kossan - 15%
Elsoft - 10%
Fpi - 15%
Comfort-10%
Wegmans-10%
Esceram-10%

Thank you very much

really funny and many joker on comfort will go back to pn17.
Will RHB raise back the target price???

Limit up on Monday. A lot of joker here.

many noob here. lifted out from ban. please read the announcement. Believe the management from kent.

Double btm at 0.285 (7 March) for good support.
Formation doji at 0.300 (8 March) for another rebound.

Posted by RT (ilovehits) > Jan 28, 2018 12:01 PM | Report Abuse

$22mil revenue only, very unpromising. TP $0.30.


Very easy if you study deep into reach.

Q1 2017 (Jan to March) : Brent 47-57 USD
Still in red as reach in the 6 month handover agreement
Q2 2017 (April to June) : Brent 47-57 USD
Still in red due to low crude oil and need 6 month handover agreement to fully control EMIR oil from its purchase date on 26 November 2016
Q3 2018 (July to Sept) : Brent 55-66USD
Still in red due to unfavorable weather on Aug and Sept and just full took control Emir Oil on 25 May 2017 and need 2months to introduce methodologies, improvement and others

Q4 2017 (Oct to Dec) : Brent 55-66USD
Will post in next message.

Hi Lau333,

I read your analysis on Hibiscus and the analysis is superb.
Now i find a stock which similar to hibiscus and seem it deep undervalued.

Can you share your email to me?

CHELSEA

My stock pick for 2018 as below;
Comfort : 30%
Rgb : 30%
Hiaptek : 10%
Umwog : 10%
Vs WA : 10%
M3tech : 10%

The most undervalue glove stock. I forsee target price RM1.70 after completion 8 line by next year.
Gem for 2018