hi DK please add me thank you

Careplus closing price RM3.68 (reiterate buy with valuation of RM4.80 to RM6.00)

With completion of the price fixing of 2nd Private Placement (PP), the price should be heading up. No investor will take PP at RM3.60 if there is no potential of 20% upside at RM4.32. I know the investors mentality and expectation after evaluating Careplus..

Careplus at RM3.68 is currently trading at PE 14.6 based on our estimated FY 2020 EPS of 25.26 Sen. The YTD EPS was 14.97 Sen and Q3 EPS was 8 Sen. We projected Q4 EPS to be 10.29 Sen based on our financial modelling.

We reiterate buy on weakness or during correction with valuation of RM4.80 to RM6.00 based on forward PE 12 to PE 15 using projected FY 2021 EPS of at least 40 Sen giving an upside of 27% to 60%.

We expect Q4 EPS to improve further to 10 Sen due to

• Commissioning of additional 2 lines towards in Q3 to 29 lines and increasing the annual capacity to 4.62 billion pieces compared to 4.1 billion pieces at end of June. Increase in capacity of 12.6%. By end 2020, with additional 4 lines totalling 33 lines, the capacity will be 5.1 billion pieces based on corporate presentation below

• Further increase in ASP by 15% to 20% in Q4 with higher profit margin

• Higher Q3 gross profit margin of 38.6% compared to Q2 of 23.8%.


We have projected the FY 2021 EPS to be at least 40 Sen given the expansion of capacity to 5.6 billion pieces by end Dec 2020 compared to FY 2020 of 4.1 billion pieces, an increase of 36.6%.

FY 2021 the projected EPS of 40 Sen is supported by:

• 4 new lines to commission in Dec 2020 to increase capacity to 5.6 billion pieces compared till 30 June 2020 of 4.1 billion pieces

• Additional 15 new lines by mid 2021

• Softening of ASP in 2021 mitigated by contribution of new capacities to maintain the projected profit

watch show first... reenter later

“Exchange of bonds to Top Glove shares would only take place upon the share price exceeding RM6.20.
Read more at https://www.thestar.com.my/business/business-news/2019/03/04/top-glove-to-save-rm16m-in-interest-a-year-from-new-bonds-issuance/#TjQGWWhMWK00SFpq.99

no more power?

https://klse.i3investor.com/additionalListing/7073/15-Feb-2019/22186_2747615942.jsp

ESOS again.. next tp 0.305

https://klse.i3investor.com/insider/substantialShareholderNoticeOfInterest/7073/14-Feb-2019/12881_3561300588.jsp

share price up till to re-election?

similar case like seacera.. http://www.enanyang.my/news/20190114/飞上枝头的派恩万年船/

Post removed.Why?

is it expected AA share will be drop to 2.60 - 2.70 after AA payout the dividend? said 0.70 (min)

to lure ikan bilis..

[SEACERA] ESOS on 09-Nov-2018
Stock
[SEACERA]: SEACERA GROUP BHD
Announcement Date
09-Nov-2018

Listing Date
12-Nov-2018
New type/class? No
Type ESOS
Details

Employees' Share Option Scheme
No. of shares issued 1,000,000
Issue Price
Malaysian Ringgit (MYR) 0.305
Par Value
- 0.000

Total NOSH
378,594,950

agreed with joekit, said the properties price increased by 20% after 5 years (5% p.a.), buyer actually offered to buy the properties that time, the buyer still need borrow from bank loan / refinance with P2P subject to t&c that time... the future purchase price and T&C (risk) is uncertain...

Scenario for study:

Year 2018 - Selling Price RM300k
20% deposit - RM60k (Paid 2018) - by own or borrow from bank
Year 2023 - Selling Price RM 360k (said appeciate by 20% after 5 years)

so the buyer offered to buy at RM 360k after 5 year , (360 - 60 = 300k), the buyer still need borrow/force out RM 300k (same with 2018 price) after five years ...