For the Glove industry, Adventa is extremely Low PE of 7 compared others such as comfort (41), carpels (85), ruberex (45), Topglov (68) and Harta (75). With current Covid 19 situation, this counter is another that would suitable for investors to look into as their short to medium term investment. Furthermore, dividend yield of RM0.07 per share which represent around 7% is considered good for this small cap stock.
With the company Profit before Tax of RM23.3 mil and PE ratio of 7 as at 31.12.2020 and cash and cash equivalent of RM40.1 mil which is approximately 40% of Total Assets and dividend yield of 7% as well as related to COVID 19 stock which is glove industry. Investors consideration to include in their portfolio for this counter as other in the industry was with very high PE compared to this group
The volume for today trade approximately 6.2 mil shares compared to T3 volume of 60.6 mil dated 12.05.2020. This is merely 11% of T3 volume and with this level of volume shrinking seem like accumulation has take place.
Health care counters still on limelight, this counter with low PE, good profitability on full year result and good dividend yield. The Group balance sheet is clean and cash and cash equivalents of RM40.1 mil (approx 40% of total assets) which consider cash rich. Consider good counter.
Just saw this when I browsed through the financial reports.
This was mentioned in the q4 2019 financial report,
"The healthcare segment improved in the quarter with higher shipments to public healthcare and improved sales to private hospitals from added range of new products. It is to be noted that the impact of higher annual budget of the Ministry of Health has yet to be felt this quarter."
The last report was up to 29feb 2020. From thereon, the cases of covid-19 experienced a sudden surge to the extent that the hospitals ran out of PPE.
So, combining both revenue from last qrt and this qtr.. Are we getting a much higher revenue and profit?
Sun health & my care distribution list include isolation gowns, surgical gloves, n95 face masks, etc.
With Covid 19 still ongoing, expect Health sector continues to have good prospect especially cash position of this company stood at approx RM0.260 per share and strong balance sheet as well as good profit and dividend yield of 7%
This stock not like other glove stock, beside making glove, this company also making face mask and P.P.E , just dun know why the stock price drop by following trend of the glove stock like CAREPLS ,comfort and Ruberex. Some more the P.E of this stock is very low compare with other medical stock.
Health care stock like Adventa has a good prospect as dividend yield also good at 7% and PE of 7 is very low with outlook under new norm which is COVID 19 will result good prospect in particular the profitability of the company
hi guys, if you're really that interested take some time to look into their annual report to understand their actual core business. this is going to be a great financial year for Adventa due to their services in the healthcare sector.
today will be some profit taking for those daily trader or small retailers due to Rayaa break... nothing fearful... stay calm and enjoy your holiday, next Wednesday hoot ki...
refer back to their 2018 audited report, understand they are not manufacturing glove but purchases of gloves from the Aspion Group (which currently under Topglove ? ) . They bought RM 11,285,000 glove up to March 2019. I am interest to know 2019 audited report, what is their glove business coverage
If u Google, they made a settlement to top glove early this year, they sell off their glove business in 2013, there was a law suit from top glove to adventa.
Adventa only sold partially of glove business under sub division, they still own the glove business , face mask business and PPE business, I think this company profit will continue to grow this year.
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....
IXCCXXXIX
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Posted by IXCCXXXIX > 2020-05-15 12:15 | Report Abuse
https://www.forbes.com/sites/giacomotognini/2020/04/01/coronavirus-business-tracker-how-the-private-sector-is-fighting-the-covid-19-pandemic/#251859535899