@ Yael Jasper

Don't expect dividend anytime soon.

Stock price is one thing but the company seems to be able to generate good profit and above average profit growth quarter on quarter.

In my opinion,it needs to factor in the insider trading issue as well. The company also has the lowest efficiency and innovation among gloves manufacturers.
PE=18 (10% off PE=20 allocated)
Based on latest rolling 4Q EPS=0.16, RM2.88 is fair value.

The last quarter eps only 1.5 cent. How to achieve 5 cents?

If related to Lim Guan Eng, it would have limit up on the 1st trading day after election result just like Opcom.

@ VenFx

Retrace?
Looks like going to hit rm3 very soon.

I still recalled when it was 0.10 and normally top 5 highest daily volume.
Really miss the train.

Sorry to ask.
Am I in the right topic?

Seems everyone is so excited about this counter.
Expecting it to go RM1.80 like J@k$?

5G technology still long way to go.
Don't think it will be out in major developed cities even by 2020.
Too expensive to deploy(READ before comment).
Most Telco in Japan, US and UK are experimenting only.
For now, limited 5G equipment are manufactured.

Wow, so many ads here.

Who is Howard?

Oh.
What happen to the share price?
I thought it was RM0.95 a few months back.

@ trulyinvest

That's true.
But you hardly able to make mistake if you choose the right one and keep it.

@ kyy_superinvestor

Why would you even consider to look at 2nd class company.
You have Inari, MI, Penta to choose and you pick Unisem which made THREE consecutive quarters of negative growth.

Apa la!!

Why you guys trade like that?
Day traders?

If you had just bought it in 2016 and keep it till today, you would be sitting on a gain of 700% in just 2 years, without doing anything.

Those who still remember those companies in the 90's where in those days ,you still have T+7.

Many did rights issue similar to this counter, but some failed and declared bankruptcy due to mismanagement, scandals and manipulation of share price.
Sapura Energy seems to heading that way. The only difference now is KWAP, PNB, etc are coming to save it.

Whether the company would turnaround, it really depends on crude price over the next 2-3 years and the CEO steering the company. Major shareholders may pump in capital but if the person who steer the company does not have the wisdom, it goes down the drain at the end of the day.
Look at PETRONAS for example, even when crude oil is at USD30, the company still manage well with of course dent to their profitability but the company came through since. But PETRONAS did cost cutting measures like the VSS in 2016.

What did Sapura Energy did? I think none at all.
I believe the CEO still getting his RM80 mil salary package despite the headwinds.

I'm very surpise after all this , many i3 members still wants to support this company.
Even EPF voted out by selling down.

At the end of the day, do you still want to support this unethical CEO and the way he mismanage the company by digging a bigger hole.

Most selling pressure has been absorbed.
Next should be better.

@ tomtom

Sure won't reach 0.30?

@ windcloud

I think trade war has little impact on glove counters.
Both China and US don't produce glove in huge quantity as commodity.
As the trade war starts, both countries' medical industry still need gloves.

@ rogers123

You are still accumulating?
Good luck.

Wow, with this current rate its rallying, it could reach RM10 by December 2018.

Buy and close two eyes.
After 10 years, only see.
Should be RM2 by then.

Rebounded already

Below RM1 again?

@ geary

You bought it?

Below RM1 again.

Tomorrow rebound?

In my opinion, it should be the lowest PE among the three mentioned. In addition, it needs to factor in the insider trading issue as well. The company also has the lowest efficiency and innovation among gloves manufacturers.
PE=18 (10% off PE=20 allocated)
Based on latest EPS=0.16, RM2.88 is fair value.

MR KUAN KAM HON @ KWAN KAM ONN (a substantial shareholder) disposed 30,000,000 shares on 29-Aug-2018.

Going lower?

@ wiki123

Thanks for the insight.

Later will have bonus issue.
Impressive!!

I recalled that the last few months the company is busy replacing new machinery to increase the output of gloves.
During the replacement, will there be downtime?

After breaching rm1, then he will declare it and let you chase it.

Yup
Heading toward RM3 very soon.
Strong rally.
Reminds me of Penta 1 year ago.

Looks good.
Close GREEN.

@ Penang123

None at all.

@ CharlesT

Agree, I never like IB analyst.Not any from any IBs.
I used to call them SPINELESS people.
Can't even give a buy or sell call that hold for more than 6 months.
When there's changes in the marketplace, they rerate, upgrade,downgrade,etc.
No confident in their own analysis to give a firm CALL and not changing for long term like 1 or 2 years.
Most of their analysis is also not accurate.

@ Penang123

I'm not sifu.
But I've been there before.
No one can predict the future unless he is God
But you can consider to HOLD for long term if you feel this company has a good future after the RI.
At least you know that the PNB, KWAP are fully supporting the RI.

Wow, a love letter.
Well said!!

Many "Oracles" around to prophecy the future.
Haha.

@ OrlandoOIL

It's ok.
I'm wrong and you are right.

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Posted by OrlandoOIL > Jul 23, 2018 02:01 PM | Report Abuse

Get it from me man

Core PAT RM 165m is minimum

RM 45m from d rest

Sabah PSC minimum RM 120m

EPS 10 sen is base case with upside bias due higher oil prices and usd

PE 15 is 1.50



Posted by OrlandoOIL > Jul 24, 2018 08:45 AM | Report Abuse

If takin 5500 bpd as profit oil

Profit oil = 5,500×90×78×4×4=617,760,000

Net of 38% PITA = 383,011,200

Net of 30,000,000 admin = 353,011,200

PAT @ 24% tax = 268,288,512


Posted by OrlandoOIL > Jul 24, 2018 02:54 PM | Report Abuse

Knn wat? Profit too good to b true? Nid confirmation by lookin at qr is it? By thn hopefully not too late



Posted by OrlandoOIL > Jul 25, 2018 11:59 AM | Report Abuse

Good sign a positive lead to coming good QR

@ Icon8888

Yup. It's more accurate to reflect actual earnings without the negative goodwill.

@OrlandoOIL

What happen to you???

Good opportunity to purchase on weaknesses.

@ Icon8888

I'm not sure why you felt this negative goodwill is BAD.
Negative goodwill is good sign that the company managed to get a good deal on asset that is greater than what the company paid for.
The difference between the 2 value is called negative goodwill.

That's why the company published the result of the crude oil reserves much earlier.

Do you agree?

It's been a long time since the last bonus issue.
Finally, have some rewards.

Wow, impressive run up.
Going for Rm4 soon.

But definitely not like some people here shouting net profit ex good will for 2018/2019 to be more than RM200mil.

I'm still putting net profit ex goodwill for 2018/2018 to around RM100mil and up to RM125mil for most optimistic computation.

There's negative goodwill.
Net profit did improve to reflect North Sabah PSC.
Nothing to shout!!!