Posted by OngKawKaw > 2020-06-08 17:48 | Report Abuse

Apa lu cakap? Use mandarin or bahasa also can. You punya english saya read kepala sakit o

Posted by conscript > 2020-06-08 17:56 | Report Abuse

Nothing wrong with his English. No need to be too judgemental as malaysia just use rojak english

Posted by greedy44444 > 2020-06-08 18:03 | Report Abuse

I thought profit 51 million EPS 21 cents NTA 2.10

Posted by patrick8 > 2020-06-08 18:28 | Report Abuse

Inventories written down cant be reversed into profits, bro.

Posted by juon > 2020-06-08 18:30 | Report Abuse

wahahahahahaha.....wahahahahaha....wahahahahaha

showing desperate sign to the public......

Posted by NIWV > 2020-06-08 18:38 | Report Abuse

thanks for the info dude. If I happen to dump my share later, I will certainly rebuy tjis extremely high potential stock!

Posted by gohkimhock > 2020-06-08 19:09 | Report Abuse

what kind of accounting are you trying to interpret? Why don't you just remove all the expenses too since you don't like it?

Posted by newbutold > 2020-06-08 19:21 | Report Abuse

But last year written off inventories about the same amount. Need more info to understand better. Could be normal in gloves biz to write off old inventories. Also last year depreciation/write off of equipment also very high 20m hence loss of 7m otherwise will be in black for 13m. higher than this quarter. More question marks.

Posted by conscript > 2020-06-08 19:25 | Report Abuse

You guys here who condemned should learn more about accounting

An inventory write-down is treated as an expense, which reduces net income. It considers the cost of goods sold, relative to its average inventory for a year or in any a set period of time.

It is a way to show a lower income

Posted by conscript > 2020-06-08 19:29 | Report Abuse

Every company has their own method of showing income and policy of depreciation and valuation of stock. We look at the future of the company, expansion plan and global pandemic still here. You should come to the investor press so that you could ask anything you need more info.

Posted by factbasedinvestor > 2020-06-08 19:38 | Report Abuse

Even with pandemic, we have inventory write down, means inventory become worthless that's why they impair it down.

So means, its's a bad news on top of another bad news.

Posted by factbasedinvestor > 2020-06-08 19:39 | Report Abuse

Trying to put the write down and add back to profit just to make Careplus result good lol. Last quarter also have write down the same amount you didn't mention?

You would hope that no write-down during a pandemic, but now it has.

Bad news on top of bad result.

Posted by stncws > 2020-06-08 19:50 | Report Abuse

COMPETITION WILL COME IN FOR GLOVE SECTOR

Posted by Jokers2020 > 2020-06-08 20:26 | Report Abuse

bad news is Saudi covid19 case increasing,brazil also,Africa as well

Posted by CCCL > 2020-06-08 20:33 | Report Abuse

Maybe, Written off inventories can be the certain production batch with quality issue, hence downgraded to scrap.Customers refuse to take shipment due to non conformance.

Posted by EngineeringProfit > 2020-06-08 20:41 | Report Abuse

This has a serious impact on any business’s net profit or balance sheet, as changes in the value of any inventory or assets will affect the profitability of the business.

Posted by PotentialGhost > 2020-06-08 22:29 | Report Abuse

You should remove depreciation too , Careplus total profit cross above 10m , eps is 2cts , total eps 2x 4 x 100(top glove PE) TP RM 8.00

Posted by BaconGuest > 2020-06-09 07:59 | Report Abuse

congratulation to little newborn k+
turning black in jumps quarters
profit trending up qoq +45.72% yoy +214.33%
increase production capacity from 4.1 billion pcs to 6.5 billion pcs
what else you want
careglove ansell corp exec deal done
expect higher growths 8% min 2-3yrs
expect accelebrate good QR coming
special dividen given
bonus possible
what else you want
you expect result boom boom flowerly like as big3
gila la lu...you dream la....wakkkkakakakkak !

Posted by Jack Khan > 2020-06-09 08:59 | Report Abuse

Write off means throw away ! why want to add it back ?

Posted by Anaconder > 2020-06-09 11:14 | Report Abuse

Overvalue ,better don"t touch. buy ASB instead

Posted by arman70 > 2020-06-09 22:34 | Report Abuse

Hidden? hahaha everyone can read those.

Posted by Jack Khan > 2020-06-09 23:07 | Report Abuse

Why this bloger does not mention about 4.535m Write off from previous QR 31-Dec-2019?

Posted by Ron90 > 2020-06-10 00:23 | Report Abuse

CCCL Maybe, Written off inventories can be the certain production batch with quality issue, hence downgraded to scrap.Customers refuse to take shipment due to non conformance.
08/06/2020 8:33 PM
=================================================
I found this to be the most acceptable explanation!!

Still if you put back the value into sales (no written down), additional profit only up $40k (1% margin from that $4m goods).

Posted by BaconGuest > 2020-06-10 07:53 | Report Abuse

https://www.firstpost.com/health/covid-19-situation-worsening-worldwide-says-who-chief-protests-in-us-eu-spark-fears-of-a-second-wave-8463371.html

covid 19 worsening
second waves coming coming coming
brazil india russia worsen....wakakkkakkak !

Posted by BaconGuest > 2020-06-10 08:52 | Report Abuse

clap clap clap
noticed after big selldown 2 june 2020
big4 making record high ever
topglove 17.24
harta 13.50
kossan 9.33
supermx 9.30
play play play
one by one to take turn
small cap gloves one by one
play play play
comfort ruberex k+ .....wakkkakkkka !

Posted by diehardunited > 2020-06-10 15:52 | Report Abuse

Glove game is over!

This darling stock will make a comeback!!!
https://klse.i3investor.com/blogs/winningstocks/2020-06-10-story-h1508724518-THIS_DARLING_STOCK_WILL_COMEBACK_AFTER_GIVE_A_WAY_TO_GLOVE_STOCKS.jsp