with regards to the payback of income taxes and gst refund, not sure when they will start paying, but majority of manufacturers should be happy... especially superman which has more than RM32mil payable to them...

re: HighFive, hopefully can see the contribution soon, but never know... they spending heavily on advertising... although lens have been starting to ship to Japan, they have yet to really spend on advertising on the new product... so when they start introducing, will definitely need to use the profit to fund the marketing expenses...

I think contact lens they wont show profit first... they will spend on marketing...

don't forget, capacity expansion when finish is 20% more at end 2019... using previous financials as a guide... superman's ebitda is always about 45mil before plant 10 & 11, after the addition of 30%, it's on 65mil ebitda... for every 10% increase = 17% increase in ebitda... hence, the final 20% increase in capacity = 34% rise in ebitda... hence we are looking at potentially RM89mil ebitda by 2020...

If we use EW, then i would count this way... wave 1 from Oct 2017 to July 2018 from 1.7 to 4.50...
rise about 2.8... after wave 2 correction ended at 2.65... wave 3 now starts... if we apply fibonacci 1.68 to 2.8, then we get 4.7... so wave 3 target could be 4.7 + 2.65 = 7.35 (or 3.70 after 2019)...

dream... :)

lets say EPS = 6.5cents X 4 quarters = 26 * PE 25 = 6.50... reasonable right?

wishlist... kossan 40mil+ net profit already 5b, so if superman 40mil+ can achieve too...

after bonus, if he can push to 4 again, that's good for the company... as it will provide him funds from the sale of treasury stock, which is now worth RM48mil to possibly RM100mil free cash... + RM33mil from taxes owed + RM20 to RM30mil from sale of some land in Kapar.... so total could be looking at RM150mil extra by end 2019... that can be used for building contact lens 2nd plant plus order new machinery to increase lens by another 150mil pcs....

maybe market now nervous on the budget announcement later...

usually 2Q (Oct to Dec) is the strongest quarter with the exception of 2016... so should be a blown out results next quarter and after bonus ex...

i said earlier, it needs to work very hard else, SMA50 will cross SMA200 soon... so it needs to be above SMA50... then the SMA50 can make a reversal and avoid the cross...

u already took profit?

fuyoh, now 3.45 ...

yes saw that... :)

they have adjusted income tax as 33%, so i think this will be the norm for all quarters, so should not be any more surprise for Q4 2019... but just taking more pain every quarter result...

@Charles, "The money received from an insurance company for a claim involving a loss on inventory stock is debited to Cash" i think this amount is on cashflow, not on profit / loss statement... so the net profit thing is wrong... anyway, look at the ebitda of 67mil, it's the highest ever since...

Topglov has got issue with the acquisition, maybe that's the exception, so follow the majority trend... the most positive one :)

Yes. Claim for loss of revenue

If not bcoz of some jurisdiction need to pay more taxes @33%... would have been 40+mil net profit....

No more last guy to announce results

Now they aim to be no. 2 guy... no. 2 to release result after topglov... good aim...

what is the outcome from the court ruling?

ok, lets say no 4.5, 4 is achieavable... because, RM4 X 1.36b shares = RM5.4b market cap similar to Kossan now who is having RM40+mil net profit per quarter... RM40mil per quarter is achievable...

@Charles, then from 2 in Jan, run to 4.5 again by year end in 2019...

3.35 SMA50 coming...

@Charles, should be no problem... Dow Jones stage rebound, should be good for few days...

@kaka, Africa 74% increase - nigeria population is increasing very significantly... projection is 400 to 500mil population by 10 to 20 years time...

our top 4 gloves name very canggih, 1) Harta (in malay - wealth), 2) Kossan (mountain in chinese), 3) Topglov (top of the world) 4) Superman (fly higher than mountain, earth towards outerspace)

"do you know who bought a sizeable stake in goldman in august 2018? =)"

@kaka 22, don't know, maybe you can enligthten me... :)

maybe need 3 white soldiers... 3 days action? this time also mencecah SMA50... 3.27...

50% of 0.82 = 0.40? you mean this history?

finally can buy at 1.80 to 1.90 in January :)

topglov and kossan goreng pattern about 30% to 40%... :) ... Ideally superman should be 3.50 to 3.8 region... :)

SMA200... :)

one more takeaway from the annual report, US sales of gloves increased by a lot... 20% more... i'm guessing the extra capacity has gone there... Europe sales value also increased some, this one I think is contact lens OEM... about RM50mil more...

fidelity already gone... now enter new fund from goldman...

this agm first time daughter and nephew, so need to pump more bullets to share price to look good else they will kena tembak on first time AGM...

@Charles, the C40 also showed some intentions... transacted @ 20cents for brief period...

one more interesting update in their annual report - on page 107 on analysis of shareholding, they listed the percent holding for malaysian and foreigners... 70% to 30%... very high percent holding for foreigners...

so 2018, no chance to buy below 2... :(

@CharlesT, your timeline makes sense... :)

total administrative cost has dropped almost 30mil... very good...

annual report
https://www.klsescreener.com/v2/announcements/view/28952024
circular
https://www.klsescreener.com/v2/announcements/view/28952020

still got time for c40 it seems...

Charles, with the exception of Kossan which is share split instead of bonus, the rest Topglov and Harta which is bonus takes about 11 to 15 days to ex, so fair to say superman is mid Dec... very nice prediction...

@aku, now they pay 8 cents per year compared to last time 5 cents per year... how is it lower ler?

circular + annual report + agm announcement... all still pending.. wait until hair also grey already...

after bonus got chance to buy below 2...

Tomorrow shoukd be release of annual report. They like friday...