joyvest, well for its intrinsic value. i guess it could be higher. how high, i am not sure. its very subjective and difficult to estimate. that's why use my method. it shows the minimum. i like to play safe.

joyvest, i am sorry. you are right. my calculation came back to 5.60 as its true value by using p/e20

btw, the news state that AT group previously said it would be investing RM120 million into dipping lines for the factory, and that the new venture is expected to break even in just a year, based on "overwhelming response and queries on orders from foreign and local buyers". so relax, everything will be fine. just a matter of time. just remember to average it down.

https://www.theedgemarkets.com/article/systematization-plans-second-placement-raise-funds-glove-venture

i really need to sleep...stupid caffein. why must i be productive now at this time....

madcow75, even if drop below 10 no need scared. eventually it will go up to 0.30 because of the min 50m net profit sale.

Madcow75, it is no secret to be honest. i personally know some big bosses that buys. i mean heck, you buy at 0.19 and wait for it bounce to 0.25. that is 31.5% increase. need i say that it is 7 times more than the bank fd rate (4% last year).

WWQ188 OH I AM WITH YOU! I am jussssst waiting for it to go down and buyyyyy. my strategy is to wait every 2 cent to drop and i will buy. even if 50m net profit out of 180m, the price will bounce to 0.30 eventually. waiting game is my forte/

Madcow75, there is some truth to what people say. there is a good chance that it will go down due to fear and vaccine news. one thing for sure is math has proven it that it will go back up to 0.30 eventually if you wait. my advise, average it.

Newbieinshare I can assure you one thing. If people have the patient and willing to wait up to 2 years at most (if AT manage to extend the contract by another year and not fckup), i am very confident that the people will get back their money with interest. Its math, man. truly.

Or average their share price. works either way.

TheRipper I agree with you. night man.

manegto, you are absolutely right. i sincerely hope the vaccine to be here as soon as possible. businesses around the world and our country will take off like no tomorrow. i expect revenge shopping, revenge outdoor activity and revenge travelling. even if vaccine is here, it will not hamper the production and sale of this company since there is a contract signed and all. nonetheless, even if we all take our vaccine shot tomorrow. i also don't think we can travel just like that. We still need to wait 3 months for recovery and i am pretty sure that there will be at least 5% of the population that will face various problems due to allergy reaction, ineffectiveness of the vaccine or etc. if people die from it, there will be another HOHAA on the news for sure. so i am guessing another 6 months after we take our shot then only thing can truly be stabilize.

btw, i did not factor in their dividend. otherwise...it would be a littleeee lower.

hi joyvest, i looked at kosun (kossan, i believe) and found out of their true value. in sep, they have reported 348,74m net profit. with their total shares of 2,558m. By using the P/E 20, their true value is RM2.80. Yet somehow they can jump 3 times. Again, i will "assume" they have future order that will allow them to generate 3 times value of the net profit for next year?

jack90 i wish i can sleep but unfortunately i have drank a cup of coffee earlier today and the caffein effect is still there. truly horrendous. waiting for it to fade out. At the moment, this is the only thing (you people on the site) that can accompany me until i sleep.

Despite AT not having produce any product or begun selling. There are people that are willing to calculate the future value of the company by making a risk calculation analysis. Assuming we all follow obediently and only buy at its value. The real share price value of the company is 0.005 sen before producing any glove or profit. This is indeed the true value. However, what are the chance that it will go down to that level? Of course it's smart to buy the price when its low but don't wait for the price to go down too low. Buy what you can at the lowest price you can get because the moment AT produce and sell to LKL for profit. Its gonna jump. So let's not get too greedy, people.

Actually, if you look at careplus report as an example. it states that they earn 42.8m net profit (AFTER 50% PROFIT SHARING WITH ANSELL).

Technically speaking they earned 85.6m profit by being able to produce 4.62b glove annually.

With their 550m shares and using P/E 15, their true net worth is only RM1.2. their current share which is 2.73 does not really make much sense. Which could only two things

1. Too many has pushed up the price.
2. They could potentially have inside news that their future order for next year may bring in a net worth of $99m (supposedly calculated after profit sharing with ansell, otherwise is $198m net profit). With their limited ability to produce that many gloves, perhaps they have joint venture with other glove companies after receiving so much orders? many solutions to it.

In fact for all the other glove counters, many of the glove counters are not suppose to be at their current price. Unless clients have already locked in with them just like careplus.

klsescreener.com/v2/news/view/744219/careplus-3q-net-profit-surges-to-rm42-8m-as-glove-demand-spikes

https://www.omnicalculator.com/finance/eps
https://www.omnicalculator.com/finance/price-to-earnings

For those who do not know how to calculate.

Feel free to use 50m as net profit out of 180 million. zero dividend. (I will use 50m as the lowest)

NOSH (number of shares) = 3,274million

P/E 15 = $0.30
P/E 20 = $0.40

Despite downtrend, math will never betray you. it is just a waiting game.

Gee~ look at the ESOS that is given $0.26 to all the employees. I wonder how many tempted employees would wanna sell it at below 0.26 or would they wait and sell it on a later date when its high enough.

Below are my prediction:

P/E 15 target price is 30-35 sen
P/E 20 the target price will be 40-45 sen. (Give and take).
Date: 21 June 2021 (Before)
Reason: they have to deliver the first half of the good to LKL.

The estimation of the first $85-90mil profit before tax, $70-75Mil after tax. Contract with LKL is 2 years (1 year +1 year). That contract amount is $200mil for a production of 2.6b gloves annually (2 years).

1.

Despite the challenge of the big glove companies that are able to produce much more gloves. Based on the research firm's estimates, glove ASPs could rise between 10 per cent and 45 per cent quarter-on-quarter (QoQ) in Q4 of 2020 to US$50 to US$100 per 1,000 pieces.

Reference: https://www.nst.com.my/business/2020/09/624171/order-visibility-rubber...

2.

"It's worrying that rubber output this month will not be enough to match the growing demand of foreign markets," Rubber Authority of Thailand Governor Nakorn Tangavirapat said.

Translation: There is a shortage of rubber gloves worldwide and the demand is high. Please also keep in mind the material to make rubber glove is also very very limited. Meaning, the price will increase.

Reference: https://www.theedgemarkets.com/article/asian-rubber-prices-soar-supply...

3,

Many of you must be wondering why so many companies tries to open a rubber glove despite vaccine coming out.

In careplus 2020 annual report, it is stated that the demand for rubber glove is 330b globally compared to 2019 which is 188b. Another reason is also because malaysia has a command of at least 60% of the global market shares for rubber gloves. translation, people buy rubber gloves from malaysia.

The demand for rubber glove in malaysia has been increasing for many years despite covid or no covid.

Do look at the recent news in Russia, the situation over there is also dire. Look at the nurses. There are not enough hands. There are more demand of nurses there compared to US. US demand for nurses is at least 300%.

4.

I can go on and on writing why rubber glove companies will still continue to soar later on but I hope many of you can do your own research and come up with your own theory. Lets not just solely depend on KYY information. Its not fair to him.


This is the second and last time that I am posting this same comment.
Those who think that this is of value, feel free to repost or don't.

We see who is right at the end of June 2021, pineapple123? :)

100m from LKL. The 2 years contract is 200million. Kepala bapa saya banyak cair. :)

That's why you have to learn how to calculate and not follow blindly. It's just math. Anyone can do it if they try to learn :) 0.35 sen by June 2021 base on the first 100m gross profit.

If you are a rich man like KYY, I wonder why would you bother telling the public that this company is a loss cause after writing 2 good articles about it? Why not just wait, let it rise more and sell quietly without informing the public. Why do such a thing and be hated by the public? Come on guys, just think about it.

Don't you think a man of his caliber would have done all the researches about the company before going in. He claim his friend took picture and used him to push the price up? Come on, he is a man who been trading for so many years. I am sure this isn't his first encounter. He could have easily told his friend to not do it. What's more, he wrote 2 good articles about AT. He could have deleted his articles to minimize the damage for his reputation but he didn't.

Remember, he also wrote he has a WhatsApp group. I wonder how many of his members are writing here to tell us to sell under his command. With enough members selling and telling us to sell, we have fallen victim to a domino effect. It is brilliant. Wonderfully played. He knows his audience too well. Audiences that doesn't know how to count and calculate.

If none of you has understand why he done such a thing. It's easy. He plans to invest more in this company but at a lower price and probably he has already done it without you knowing. He finally understands the "demand" and "risk investment appetite" of the people for this particular stock.

Think for a sec, this was 1 sen and now is 19 sen. Before it was 30 sen before the drop. There is a likelihood to amplify it by 30 times within a fix duration of time (6-7 months).

Now maybe some of you would think this is a rubbish talk. And I am sure there are some others that will also think this is true.

With that said, this stock will reach 0.30-0.35 before June 2021. This is my calculation and prediction.

Below are my prediction:

P/E 15 target price is 30-35 sen
P/E 20 the target price will be 40-45 sen. (Give and take).
Date: 21 June 2021 (Before)
Reason: they have to deliver the first half of the good to LKL.

The estimation of the first $85-90mil profit before tax, $70-75Mil after tax. Contract with LKL is 2 years (1 year +1 year). That contract amount is $200mil for a production of 2.6b gloves annually (2 years).

1.

Despite the challenge of the big glove companies that are able to produce much more gloves. Based on the research firm's estimates, glove ASPs could rise between 10 per cent and 45 per cent quarter-on-quarter (QoQ) in Q4 of 2020 to US$50 to US$100 per 1,000 pieces.

Reference: https://www.nst.com.my/business/2020/09/624171/order-visibility-rubber-gloves-continue-least-until-1h-2021

2.

"It's worrying that rubber output this month will not be enough to match the growing demand of foreign markets," Rubber Authority of Thailand Governor Nakorn Tangavirapat said.

Translation: There is a shortage of rubber gloves worldwide and the demand is high. Please also keep in mind the material to make rubber glove is also very very limited. Meaning, the price will increase.

Reference: https://www.theedgemarkets.com/article/asian-rubber-prices-soar-supply-woes-covid-glove-shortage-and-china-tyre-demand

3,

Many of you must be wondering why so many companies tries to open a rubber glove despite vaccine coming out.

In careplus 2020 annual report, it is stated that the demand for rubber glove is 330b globally compared to 2019 which is 188b. Another reason is also because malaysia has a command of at least 60% of the global market shares for rubber gloves. translation, people buy rubber gloves from malaysia.

The demand for rubber glove in malaysia has been increasing for many years despite covid or no covid.

Do look at the recent news in Russia, the situation over there is also dire. Look at the nurses. There are not enough hands. There are more demand of nurses there compared to US. US demand for nurses is at least 300%.

4.

I can go on writing why rubber glove company will soar later on but I hope many of you can do your own research and come up with your own theory. Lets not just solely depend on KYY information.

i heard from one of my resources that luster managed to obtain a client to buy the gloves.
contract 1 year + 1 year + 1 year? can someone please verify this? I am not talking about AT contract with LKL.

This is definitely a winning stock if you hold now, however too many people want it to drop in order to buy it cheaply. Sorry guys but this is not going to happen.

The annual report for 2020 looks bad or am I just not seeing it right.

Alright, I have queued up to buy 0.255 when market opens. Hopefully it will go up after this.

Good

Other glove counters going down, why is luster not moving down??

Deal fell thru because they wish to open their own factory in 5 months rather than 1 year. Good for investors. Bad principles.

10th Nov - all market shares increase except for gloves (Vaccine news came out)
11th Nov - all market shares decrease.

It may drop more, I say just buy more when it's below 4.00 cause there is no way it will drop below 4.00 when we are taking our Vaccine shot by then.

many expects dpharma to be at least rm5 with high confidence because of its year to year financial performance and its market cap which is so much higher than pharmaniaga. not just that but the future "fill and finish" project.

market cap is 80m and the share is 0.65 (revenue and net profit falls this year)
whereas, gdex market cap is 2.54b and the share is 0.45 (increase of revenue and the net profit still falls a little behind, however there is a good growth of net profit for the past few years)

so I don't understand why this counter can go up so high.

Guys, how high you reckon luster can go up until? What is your highest expectation?

My guess is RM1.20 before No v2021.

It's finally going down. Good good. What goes down, must comes up. Vice versa.

Shareholders:
Tan Yu Yeh 51.0%
Creador 15.2%
Gan Choon Leng 6.9%

Net turnover
2018 - 1,771
2019 - 2,276
2020F - 2,537
2021F - 3,484
2022F - 4,262

Here is the beautiful thing about MRDIY.
1. Despite covid, their retails are still open for operation.

2. People still go to their retails to buy everyday items and if you realize, they just remodel their business model a little and started selling f&b items too.

3. Many landlords including in the malls are giving them rental discounts

4. They do not need to hire skilled workers to operate their retails.

5. They are always expanding every year and trying to expand another 132 stores for year 2020. An additional 175 stores for year 2021 (Another beautiful thing about this is more people are getting jobs which lower the unemployment rate of this country)

https://www.utrade.com.my/webecos/research/researchview.asp?ResID=21383

Lots of good news mean share will drop these few days but rise in a week.

From rm1 billion to rm3 billion budget approved for covax Vaccine. Caters 70% population in Malaysia. Price will go up in the next few weeks (1 month at least). It may fall tomorrow or in few days but no worries, it will definitely reach at least RM5.80 sooner or later.

From myr1 billion to myr3 billion budget approve for covax Vaccine for 70% population. Sinopharm vaccine is too damn expensive by at least 7 times more. Covax is the ideal choice for our country who has tight budget.

Luster not going down today?

My recommendation is to sell some of your shares and buy the future new glove counters. Due to future heavy competitions and vaccine that is one day closer. Why buy other new glove counters even though Vaccine is coming? The reason is because the world is lacking in Glove supply at the moment and there are not enough glove factories to produce to meet the demand. Sooner or later, people will buy these new glove counters and will equalize the share price of all glove counters. I bought this careplus at 40sen in March and sold it at rm3 after holding for 3 months.

goodnews coming out soon for topglove. i suspect it to go up to 9.00 along with many of the healthcare counters.

From my experience, this is just scare tactic. Good. Let it go down then the smart people will buy it when it's low. Until the news of Vaccine is out then let's see who will have the last laugh.

To those who see the price share drop, don't worry. It will def go up to at least 4.00 before end of December. Best advise is go home make tea and watch it grow over the next 3 months while watching Uncle Roger YouTube videos for entertainment.

Don't worry, it will go up. It will definitely hit 4.00 one of these fineee day.

Highly recommend to buy the stocks before end of this month. The 6 month loan deferment will be over on 30 September. Banks will start to earn again soon after.

Don't buy yet. Malaysia GDP announcement has been delayed. At the moment gov has pumped in money into the share market so that it won't collapse easily. I reckon to just wait and only buy after the announcement of GDP. Feel free to buy some but only buy more after GDP announcement.

My advice is to buy now and keep it till end of the year.

Koolset here, if any of you remember me from careplus when it was 0.25. You are welcome if you kept it till today.

With the announcement of China covid vaccine (sinopharm) being in phase 3 "last phase" in Abu Dhabi with 15,000 volunteers, many are expecting it to be a success. After the success of phase 3, it will move on to mass production. Vaccine will boost any pharmaceutical share up and lowering the glove share. This is just my cup of tea.

Guys, as long as topglove stock is going up. All the other rubber companies stock will also go up. Especially when topglove quarter report is coming out. If it shows positive, stock for this sector must go up. For those who read my comment about buying 0.23 and leaving it for 3 months. Hope u all are happy. Do the same for this until end of August. Thank me later.