ahkeong88

ahkeong88 | Joined since 2020-03-19

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2020-07-08 21:14 | Report Abuse

Berlangganan Pro

hazimrashid123
8 Jul 20, 14:46
$CAREPLS / 0163 (CAREPLUS GROUP BERHAD) AGM summary

I am sad since I joined the agm a bit late, but it’s ok lah hahaha. I will share the input that I got from the AGM.

The company said thy have a very good prospects ahead:

1) The company said the surge of glove demand had increased the ASP, but the management doesn’t tell the exact amount increase of ASP. The management said that the selling price depends on the customer itself such as volume or the book order period.
2) The company told us that the acquisition of CGG is to capture a growing demand outside Brazil accelerated by pandemic. The CGG also had provided a better profit margin
3) The company wanted to increase its capacity by 9 new production lines by the end of 2020. The increase of production line will increase the production by 2.4 billion.
4) The management said the company didn’t take the long order book period and its customer basically focus more short term period like 3 months. But, if the customers wanted to make a contract with the company, then it will be a different story.
5) The company also said that the post JV with the Ansell will help them to boost the earnings in long term.

Q&A session

Q: What is your ASP?
A: The Company said they didn’t sign contract with anybody, and they don’t have the fixed selling price quarter on quarter. The price depends on raw material and demand.

Q: Will the company give dividend?
A: The company told us that maybe the company will declare a special dividend but it all depends in their financial performance.

Q: How about the orderbook of the company?
A: The company said it is a bit irrelevant to have order book, since most of the customers want to order the gloves like forever.

Q: What is the different price between the spot order and regular order?
A: The regular order price right now almost have the same price as spot order.

Q: Why the company have lower gross profit margin compare to the Big 4?
A: the company said that they are on the expansion level, that’s why the gross profit margin is at the lowest compare to the Big 4. But, after the completion of new production lines, the company will have a good margin.

Last but not least, a wise word from Mr Lim, CEO of Careplus “No matter whether you are a small or big, just do your job well and you will excel”.

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2020-06-30 18:19 | Report Abuse

Comfort also dropped. K+ also. Let's see tomorrow

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2020-06-30 12:16 | Report Abuse

This statement from where can be founded

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2020-06-29 19:35 | Report Abuse

And company website also mentioned.

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2020-06-29 19:34 | Report Abuse

So many article said material for surgical appeals like mask, caps.

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2020-06-29 16:38 | Report Abuse

surgical apparels including caps, masks, and gowns

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2020-06-29 16:37 | Report Abuse

U go to company website..
Oceancash Nonwoven Sdn. Bhd. (OCN), a wholly owned subsidiary of Oceancash Pacific Berhad (OPB), was incorporated on December 21, 1999 in Malaysia. The principal activities of OCN are in the manufacturing and trading of air-through bonded nonwoven, and thermal bonded nonwoven, which are widely used in the disposable hygienic products industry. Its application include top-sheets, second layer, acquisition distribution layer (ADL), and back-sheet for diapers, sanitary napkins, wet wipes, and surgical apparels including caps, masks, and gowns

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2020-06-29 14:07 | Report Abuse

Oceancash Nonwoven Sdn. Bhd. (OCN), a wholly owned subsidiary of Oceancash Pacific Berhad (OPB), was incorporated on December 21, 1999 in Malaysia. The principal activities of OCN are in the manufacturing and trading of air-through bonded nonwoven, and thermal bonded nonwoven, which are widely used in the disposable hygienic products industry. Its application include top-sheets, second layer, acquisition distribution layer (ADL), and back-sheet for diapers, sanitary napkins, wet wipes, and surgical apparels including caps, masks, and gowns

Stock

2020-06-26 21:54 | Report Abuse

https://www.google.com/amp/s/simplywall.st/stocks/my/consumer-durables/klse-ocncash/oceancash-pacific-berhad-shares/news/are-investors-undervaluing-oceancash-pacific-berhad-klseocncash-by-48/amp/

I quite like and agreed this logic of research at this link that the price is lower 48% than market price now. Dividend consistent, cash flow good. Etc

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2020-06-26 21:52 | Report Abuse

Mask before covid 19 is Rm5 per box, during start covid 19 rm75, now selling rm35. Compare 35 to 5 is 7times. So, material also will highly consume by mask factory for production.

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2020-06-26 20:14 | Report Abuse

In a report notes, mentioned ocncash will performed fairly in 2020 with covid19

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2020-06-26 18:15 | Report Abuse

We know well that this company no doing face mask but supply material to factory doing mask. You all can go the company website to see the product

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2020-06-26 18:14 | Report Abuse

Mentioned in report that company performed fairly under covid-19 circumstances 2020.
ROE improved and Eps improved

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2020-06-26 17:48 | Report Abuse

Wat I see the result is good. Who can try summary it to all?

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2020-06-26 13:15 | Report Abuse

Dunknw today or monday

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2020-06-18 12:54 | Report Abuse

This share nice PE. That's y holding

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2020-06-18 12:54 | Report Abuse

Due to mco, so can extend. By latest by end june

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2020-06-18 12:24 | Report Abuse

Waiting q result or shark.

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2020-06-09 18:21 | Report Abuse

Hold it. Believe it will fly

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2020-06-09 10:32 | Report Abuse

Is follow sector. Now all carepls, comfort, LKL, k1, hlt is same like ocncash. No worry

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2020-06-08 18:10 | Report Abuse

Idunwork, the news u posted not true. U should refer to Malaysia official news.

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2020-06-08 18:08 | Report Abuse

Ocn able to feed our Malaysia mask factory, already can gain. Malaysia is the main prod

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2020-06-07 20:58 | Report Abuse

Let's Say PE =48,price can go up until 1.4... 1.4/2.9 =48

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2020-06-05 18:47 | Report Abuse

Ocncash is provide material for making mask

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2020-05-30 14:19 | Report Abuse

Should be able like comfort

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2020-05-30 14:19 | Report Abuse

Hopefully. Wish to

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2020-05-30 00:39 | Report Abuse

Jason, 因为covid,所以迟交。很多公司都迟交。不要担心。这个没关系到

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2020-05-29 19:26 | Report Abuse

Waiting q result

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2020-05-28 18:53 | Report Abuse

Lol. I hope and wish good qr or maintain. Then nice

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2020-05-28 18:46 | Report Abuse

How u knw is good

News & Blogs

2020-05-27 20:11 | Report Abuse

I tot q1 wil be have increased... Because volume transaction increased since Jan until march

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2020-05-27 20:07 | Report Abuse

even 1mil also can't control。

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2020-05-27 13:22 | Report Abuse

Actually no related. U are right. Just the myeg Mr wong is one of shareholder of eforce

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2020-05-22 11:47 | Report Abuse

This is for holiday

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2020-05-21 18:41 | Report Abuse

Depend. Let's see. Because Based on 2016,q result shown in red. But stock price is steady based on stable cpo. And also FGV in the past also rm1+ even 3 quarter is red.

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2020-05-20 13:23 | Report Abuse

Annual report out alr

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2020-05-19 16:50 | Report Abuse

How u knw is tomorrow

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2020-05-08 18:16 | Report Abuse

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