Posted by ikanbilisjerungwnabe > 2021-01-08 15:54 | Report Abuse

glove coming back 2.0 with stronger momentum

Posted by SifuTangmonk > 2021-01-08 15:54 | Report Abuse

小心看路，要传南了

Posted by bananachacha > 2021-01-08 15:57 | Report Abuse

well done k+... next week gap up and LU again!!

Posted by INVEST_AA > 2021-01-08 15:57 | Report Abuse

More will be stuck this time round.....when the tide turns...

Posted by CUTLOST > 2021-01-08 15:59 | Report Abuse

I'm speechless.. Betul2 horlior

Posted by invest4tomoro > 2021-01-08 16:01 | Report Abuse

kasi limit up 2.99

Posted by issac99289928 > 2021-01-08 16:02 | Report Abuse

non glove counters are losing steam. traders from non glove counter are rushing to buy glove stocks. the best time to push up glove counters sky high .I expect TP to be surprisingly high.

Posted by Mustovoi > 2021-01-08 16:06 | Report Abuse

Limit up coming...

Posted by Noobee88 > 2021-01-08 16:07 | Report Abuse

Happy day, yes speechless...please stay away forever naysayers and leave us in peace.
Stay positive guys. I’m glad I didn’t let the naysayers shake me, those who held can sleep well tonight .

Posted by Noobee88 > 2021-01-08 16:08 | Report Abuse

I hope limit up on Monday

Posted by TeamRocket > 2021-01-08 16:14 | Report Abuse

Kasi limit up satu please!

Posted by TeamRocket > 2021-01-08 16:16 | Report Abuse

Who’s the asshold keep selling

Posted by TeamRocket > 2021-01-08 16:16 | Report Abuse

Buy la, why want to against the flow?!? Asshold

Posted by TeamRocket > 2021-01-08 16:19 | Report Abuse

Limit up!!! Lai Lai Lai....

Posted by TeamRocket > 2021-01-08 16:20 | Report Abuse

Limit up Monday will cheong again. If no limit up Monday will drop kau kau!!

Posted by smartmove100 > 2021-01-08 16:23 | Report Abuse

will fly...as fundamentally good, at least tp 3.80...

Posted by loneranger3211 > 2021-01-08 16:23 | Report Abuse

Alright. I am off for today. Just be careful..

Posted by thomh4 > 2021-01-08 16:27 | Report Abuse

Monday will cheong! for sure! sharks realized now only goreng gloves can attract most traders... goreng other stock not so easy wahahahha

Posted by pineapple123 > 2021-01-08 16:30 | Report Abuse

can it come down to 2.90 to collect more ?

Posted by issac99289928 > 2021-01-08 16:32 | Report Abuse

superbull for glove stocks v2.0 is initiating

Posted by pineapple123 > 2021-01-08 16:38 | Report Abuse

no mco. life have to carry on. economy more important than life. gloves is super essential to prevent the virus.

Posted by DonWorryBeHappy > 2021-01-08 16:39 | Report Abuse

2.94 sold all good luck peeps

Posted by GoldenHarvest1 > 2021-01-08 16:44 | Report Abuse

Well I told y'all didn't I?

But y'all simply refused to listen at all

Recovery theme play now losing steam

Posted by GoldenHarvest1 > 2021-01-08 16:44 | Report Abuse

Fitch turns negative on banks

https://www.nst.com.my/business/2021/01/654954/malaysian-banks-bursas-losers-list-after-fitch-turns-negative-global-banks

Posted by thomh4 > 2021-01-08 16:50 | Report Abuse

never limit up because monday and tuesday will continue wahahahah

Posted by Luckybull > 2021-01-08 16:52 | Report Abuse

Very nice to chase..be smarter to take profit ar, if not...

Posted by HYdayne > 2021-01-08 17:05 | Report Abuse

real value for glove, company making so much money, the counter also should be valued the same. Go fly!!!!

Posted by strattegist > 2021-01-08 17:17 | Report Abuse

closed suoerb green

Posted by Noobee88 > 2021-01-08 17:31 | Report Abuse

Sleep well everyone !

Posted by pineapple123 > 2021-01-08 17:49 | Report Abuse

STILL CHEAP CAREPLUS. STILL BELOW 3. LETS HOPE CAN BUY BELOW 3 ON MONDAY.

Posted by pineapple123 > 2021-01-08 17:49 | Report Abuse

TODAY SUPERMAX AND CAREPLUS IS VERY AWESOME!

Posted by greencode > 2021-01-08 18:05 | Report Abuse

Becareful it just based on news. Reality glove is dying

Posted by franciscyl > 2021-01-08 18:08 | Report Abuse

Market will decide the direction of gloves counters. We shall see next Monday onwards ya. Happy weekend everyone and stay safe.

Posted by VenFx > 2021-01-08 18:21 | Report Abuse

Tq bery much
Careplus muack muack muack

Posted by Noobee88 > 2021-01-08 18:36 | Report Abuse

Greencode please go away as you clearly missed the boat and clueless. Go and find another forum to talk rubbish in.

Posted by GengSaham > 2021-01-08 18:37 | Report Abuse

Just begin.....

Posted by Mustovoi > 2021-01-08 18:45 | Report Abuse

Closed 2.95 very bullish.. Monday may test 3.50

Posted by geary > 2021-01-08 18:57 | Report Abuse

geary Stock: [CAREPLS]: CAREPLUS GROUP BHD
Dec 30, 2020 8:34 PM | Report Abuse

Buffett, "You can't produce a baby in one month by getting nine women pregnant.”

Added...will hold for another 9 months...then only...Baby is OUT n kicking...!!!

At present Price...Probably around 10 months from now...CARE+...will be selling at...@<5X PE multiple...!!!

Highest sales growth among its peers end Dec '21...Added...@1.98...!!!
04/01/2021 2:08 PM

(. ❛ ᴗ ❛.)

Posted by james70 > 2021-01-08 20:14 | Report Abuse

I am not sure if anyone noticed that Careplus just had a BREAKOUT of a descending triangle. This reversal is SUPER BULLISH. If we are to measure the peak of the triangle to the base (RM5.83 to RM1.95), this distance is RM3.88. Breakout happened at around RM2.33. Thus the target price to the upside is the a 100% extension of the downside from the breakout price = RM2.33+RM3.88 = RM6.21.

The upcoming Quarterly will be the boost for Careplus to hit the TP.

Careplus in 2019 has a production capacity of 4.14b gloves per their 2019 AR:
Careglove Global - 2.40 billion (100% share)
Careplus (M) - 1.32 billion (50% share)
Rubbercare Protection Products - 0.42 billion pieces (100% share)

They had an 85% capacity and out of these 2.4b were latex gloves(69%), 0.9b nitrile gloves(26%) and 0.2b surgical gloves(5%).

Latest 3rd quarter report states a production capacity of 4.62b gloves. Using the same breakdown, we can expect as a base case assumption of (69% x 4.6b latex gloves), (26% x 4.6b nitrile gloves) and (5% x 4.6b surgical gloves). Using an ASP of $60 for nitrile gloves/1k and $40 for latex and surgical gloves/1k, we can project Careplus will have a base case turnover of US$208m for the next 12 months.

3rd quarter turnover was RM122m vs expected RM213m(USD:MYR of 4.1/1). Can we expect the Q4 turnover to be per the projected figures and with a net profit margin of 35%, the net profit to be around RM74.6m? Certainly looks plausible.

RHB on the recent Rubberex report stated rising ASPs. For the base case, Rubberex is projected to have a net profit of RM255m by producing 2.5b nitrile gloves, sold at US$60 per 1000pcs.

With a RM300m net profit, this gives Careplus an EPS of around 54.5sen. A 10x PER will value Careplus at RM5.45 and at 15x earnings, RM8.18/share.

That was the base case. In the recent Qtr 3 report, Careplus stated they will be expanding production to 10.5b gloves by end of 2021. So the upside is huge if glove demand remains robust throughout 2021. Looks like this recent sell down is an opportunity to add a good growth stock to one's portfolio.

What if the ASP is much, much higher than the $60/1k pcs? Careplus valuations may hit double digits. With the recent surge in covid cases worldwide, glove prices will only trend higher.

I certainly am looking forward to the upcoming quarterly. May Lady luck smile on all holders. :D

Posted by Gooner82 > 2021-01-08 21:05 | Report Abuse

My favourite glove counter since april 2020. Back in the game. Trade careful all, maximise your profit :)

Posted by Armada Quantum Leap Stock In 2020 > 2021-01-08 21:09 | Report Abuse

Every time kena ban, why?
Too rude? Or talk syok sendiri?
Haha...



Posted by VenFx > Jan 6, 2021 12:14 PM |

Post removed. Why?

Posted by CUTLOST > 2021-01-08 21:11 | Report Abuse

Klsi bullish +30point.. Because all glove strong buy

Posted by GengSaham > 2021-01-08 22:47 | Report Abuse

Carepls my love counter

Posted by Noobee88 > 2021-01-08 23:16 | Report Abuse

Set own TP firat

Posted by kennethG > 2021-01-08 23:18 | Report Abuse

tp 7

Posted by JohnFarmer458 > 2021-01-09 02:25 | Report Abuse

JohnFarmer458 shorters will get burned when MKN announced MCO 2.0
07/01/2021 2:57 PM

Chart very bullish!

All glove counters crossed EMA20 SMA200 MACD , very bullish!! all uptrend indicators, buy signal that would attract all TA chartist!

Healthcare: Glove TP

HLT next week RM2.30
Careplus next week RM4.20
Ruberex next week RM2.80
Comfort next week RM4.70

Supermax next week RM10.50
TopGlove next week RM8.30
Hartalega next week RM14.50
Kossan next week

Posted by EngineeringProfit > 2021-01-09 09:24 | Report Abuse

All in yesterday morning ady


....huat ar

Posted by VenFx > 2021-01-09 09:37 | Report Abuse

JohnFarmer458 
Wish Your calibration above come true.

Do not left over for other healthcare which has rushing for their order on hand like no tomorrow...
The masks producer - prlexus & notion

(the quantum and price structure shown strong come back has just ignited)

Stay tune !

Posted by VenFx > 2021-01-09 09:37 | Report Abuse

1st round

HLT & CAREPLUS BIGGEST WINNERS

Posted by Icon8888 > 2021-01-09 10:50 | Report Abuse

Adui kesian chase high, no MCO laa.
As per my fr who work at MKN, only say propose to have MCO, but market macam over react alread. If Malaysia MCO, any benefit to glove?
Will it increase the business?