"B3) Prospects (Cont’d) Glove business The Group has completed the commissioning of 3 production lines in Chemor Plant during the financial year end 31 March 2021. Since then, the Group has further completed additional 3 production lines and is now running 6 glove dipping lines with an annual capacity of 0.88 billion pieces of gloves. The Group is currently building 4 production lines concurrently and scheduled for completion progressively between now and end of September/October 2021. Barring any unforeseen circumstances, upon completion of these additional 4 production lines, the Group will have a total 10 production lines with an annual capacity of 1.5 billion pieces of medical gloves."
so the maximum capacity was 120 millions with 3 lines working in Q1. but when it start producing in Q1?
Revenue up due to Glove, but profit contribution of glove sector still very tiny. The profit of other investment on associates looks high. What associates they invest onto?
@Gtrade "The Group has completed the commissioning of 3 production lines in Chemor Plant during the financial year end 31 March 2021. Since then, the Group has further completed additional 3 production lines and is now running 6 glove dipping lines with an annual capacity of 0.88 billion pieces of gloves. The Group is currently building 4 production lines concurrently and scheduled for completion progressively between now and end of September/October 2021."
The 3 lines which you mentioned was completed commissioning before 31st Mac 21. Not 30th June 21.
Someone dreaming for example:- from atian group ( Welcome all in IB & EPF & Big guys! Don't be late this time! AT The only cheaper gloves stock in BURSA! 1st QR revenue RM8 million with only 3 lines. Anticipated Revenue RM100 million future QR and onwards! )
The lastest QR report show till Mac 21, AT already had 3 lines fully operated (Fully commissioning). This 3 lines had brought 8M revenue and 1.3M within the 8M revenue. On the report, it mentioned another 3 lines already completed which mean it will be total at least 6 production lines operated on next QR report. Btw, their Fabrication & automation had 5M as revenue but making loss 9M.
So do your math calculation on their glove profit margin and forecast what the number will show on their next QR on their glove segment. But don't forget their other segment which keep losing $$. And also their NOSH. Personally, I don't expect AT will LU.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
bananaskin
27 posts
Posted by bananaskin > 2021-06-30 21:32 | Report Abuse
Maybe AT glove is buying gloves from the Big 4 and do reselling, revenue 8M profit only 300k during ASP peak period? Very likely...