maybe next week when investors get to know of its masks production

lol

a number of trailers on roadside waiting to unload shares lol

it can barely budge

quite pathetic

or many unhappy shareholders wanting out of poor management

could be Terence

sellers keep piling between 68 and 69

wonder how big its mask production is ..mgmt should come out and say it is going to ramp up on mask

I cannot figure this out either

such a comparatively small paid up adn a pretty low market cap

seems to be amongst the weakest amonsgt the face mask stocks

EG WC expires Nov 2020 so careful guys

Harta results .. Harta overpriced. it may take glove sector down. imagine its eps is just twice Careplus’

It may just snowball

Topglove fear may be more labour issues esp from the UK/Europe

spot on Powerplay66, there are new actors on the demand side. A paradigm shift

and dont fall for KYY .. his valuations on growth may be right at inception and when it goes ballistic it becomes a fools paradise and you would be left holding the can

eventually the giants in China with ample labour would supply the world. that may be in a couple of years

really a DCF calc with a reasonable terminal rate to represent growth

longer term investors should look for normalised earnings

forum seems to somewhat represent the market, some facts, some rubbish, some foresight and some absolute incorrigibles . They all seem to get in a mix lol

Topglove pulled off shelves from NZ largest supermarket chain

labour issues as usual

Topglove pulled off shelves from NZ largest supermarket chain

a possibilty could be it being out of MSCI index ( May 2020) and foreign funds that are index linked are moving out

Goldberg has it right.

would take all this with a huge dollop of salt

these journalists are also in the game...happens in the UK as well so nothing new

Wonder how this came about..

Immigration system to be awarded in Aug – here are 6 frontrunners
By Emmanuel Samarathisa | 2 hours ago | Featured, Mainstream

THE National Integrated Immigration System (NIIS) concession is expected to be awarded during the first week of Aug barring any last-minute changes, people familiar with the matter tell FocusM.

But concerns of political interference loom over the border security control project.

At RM1.2 bil, NIIS is possibly the largest public project this year. It is also highly complicated, requiring different modules as to the monitoring of foreigners in and out of the country.

To be sure, this is a steep discount to the initial RM3.5 bil price tag for NIIS’ predecessor, Sistem Kawalan Imigresen Nasional (SKIN), which was directly awarded to Prestariang Bhd.

SKIN would be cancelled under the Pakatan Harapan government as part of its review of mega-projects. Prime Minister Muhyiddin Yassin was then home minister and he called for a request for proposal (RFP).

But intense lobbying from certain participants, with some even pledging a portion of their annual revenue, as well as political pressure have been some of the issues insiders have raised as the race to bag the lucrative concession heats up.

“All we want is for the tender to be awarded to the company that scored the best in both financial and technical evaluations,” a source said.

If politics takes centre stage, Malaysians will witness more taxes wasted. The current Malaysian Integrated Immigration System (myIMMs) operated by listed company Heitech Padu Bhd, which also received the concession through direct negotiation, had been a drag to public coffers.

Close to RM600 mil had been spent on myIMMs since Heitech was awarded the project in 2010. The various Auditor-General’s Reports is a good reference on how unstable the programme is, leading to multiple incidents of sabotage and shutdowns.

Naturally, this means the Immigration Department could not account for the hundreds of thousands of foreigners who have entered the country. According to the AG’s Report 2018 Series 3, myIMMs could not account for 198,479 foreigners who entered the country through various long-term immigration passes as at April this year.

Since not only taxpayers’ money but also national security is at stake, participating companies would have to ensure two things: there are no cost overruns and that the system is stable and functional.

Here are the profiles of the six NIIS frontrunners:

Dagang Net Technologies Sdn Bhd

As its name suggests, this is a wholly owned unit of listed company Dagang Nexchange Bhd. It was incorporated on Jan 18, 1989, with a paid-up capital of RM50.17 mil.

Dagang Net’s flagship is the National Single Window for Trade Facilitation (NSW), a public project of which it had been the concessionaire since 2009.

In a nutshell, the NSW is a platform that connects traders with the Customs Department and relevant agencies for import and export document processing.

Dagang Net recently received an extension of the contract for two years from Sept 1, 2019, to Aug 31, 2021.

Over its last five financial years, from 2014 to 2018, Dagang Net has been posting net profits of RM17.94 mil, RM20.61 mil, RM33.07 mil, RM32.09 mil, RM27.68 mil respectively.

Its directors are Samsul Husin, Osman Percy King Jones @ Abu Bakar, Abdul Khalil Abdullah, Mohamed Hazli Mohamed Hussain, and Md Saffi Nadzir.

Aside from Dagang Net, other DNex subsidiaries include DNex Solutions Sdn Bhd, a system integrator that has implemented projects worth RM2 bil for the Ministry of Education.

Also, Innovation Associates Consulting Sdn Bhd (IAC) which is the concessionaire of the Government Financial Management and Accounting System (GF-MAS). It’ is understood that IAC also threw a bid for the NIIS.

Mindmatics Sdn Bhd

A closely held corporation, Mindmatics brands itself a “boutique information technology house.” It was incorporated in 2001 with a paid-up capital of RM5 mil.

The company has been posting profits over the last five financial years (2012-2017) of RM35,055, RM656, 351, RM537,297, RM7.89 mil and RM30.33 mil respectively.

According to company filings, the company’s directors are Abdul Wahab Sulaiman and Asfazura Mohd Dhany. Both are 50:50 shareholders.

Mindmatics’ core businesses revolve around providing integrated IT solutions across different segments such as command centre management and cybersecurity.

Infomina Sdn Bhd

Infomina was incorporated on June 11, 2007, with a paid-up capital of RM5 mil. The company provides maintenance and support services for various IT segments.

On Infomina’s official website, among the services the company provides are surveillance, perimeter detection and green energy.

The company has been posting a net profit across its latest five financial years, from 2015 to 2019, of RM377,803, RM284,915, RM804,315, RM1.14 mil and RM3.6 mil respectively.

Infomina’s directors are Mohd Hoshairy Alias, Nasimah Mohd Zain, Lim Leong Ping @

Prior to Ansell getting in Careplus(M) was a loss making concern through the years. It only produced 1.2 billion gloves. Now with a JV it should increase contributions. Ansell are with the big boys with big ideas. Earnings next qtr to increase substantially with higher ASP.

Quick back of the envelope calculation.

This past qtr eps about 4 sen. By beginning 2021 production of 6 billion gloves and end 2021 production of 8 billion gloves. Let us step back and say only 50% increase recognised by beginning of 2021( quite conservative) and ignore the balance 2 billion by end of 2021.

So 50% increase makes it 6sen per qtr by end 2021 or 24 sen per annum. On a 2021 basis with a further low PE of 18 gives us RM4.32 or thereabouts. Midpoint would be RM3.4 for those who are squirmish on valuation.

Again we maintained April to June ASP. At RM 2.46 it seems a steal. Note these are only broad numbers that bring out the value of Careplus.

Why was it sold down on Friday...that is my only caveat. Was it overall market sentiment?

Yes super diligent

Capacity expansion. We expect Comfort Gloves to add six production
lines in FY21. Upon completion, its production capacity will increase by 14% to 5.9bn pieces pa (ppa)...& CAREPLUS 8 billion with improved margins

Careplus' growth is explosive. By end 2021 it would have doubled its output

Virust . This is a Careplus forum.If you think KPJ is a buy you should perhaps buy more of it

for a so called major announcement this is a very weak pullback..expect higher prices soon

lol

and dont hold your breath

And all the newbies ( those with less than 5 years in the market) would proffer up advice (with good intentions) as if they knew it all and more. Best undertake DCF and have probability weighting/ expected values.

Rarely do Malaysian govt projects ever deliver on time...a foot dragging bureaucracy. It would be this or that or even senior civil servants on leave /holiday and Putra Jaya's procrastination and then it would be the election and then some other crap. Nothing ever is urgent with tax payers money.

with the surge in demand and price its margin should be past 5% and if not wow there must be something fundamentally weak in its operations as it produces as many gloves as Comfort and yet sells for less than half its price

Will wait to see qtr and if unsatisfactory with poor margin will need to let it go. Ansell or not.

Comfort and Careplus as a comparison... the former rises more and falls less..Wonder what the issue is with Careplus.

humoungous sellers

The weekend Edge has covered Notion on its mask production

thanks kobethebeagle. Ramunia comes to mind in 2008/9 with these clowns making predictions and it all came to nought. Been in this game long before I can remember with UE Singapore and Plus formation ... always with a pinch salt and but appreciate your advice as offered in the right spirit

I wonder how reliable these Focus articles as it seems to issue weekly updates

Article. from Focus