Fingers crossed, all eyes on tg dai gor to raise the tide so that we small boat can float and set sail. Theme play is as such, relying solely on sentiment, which is scary once the sentiment ends. Go go top gloves!!
HLT Global, which is involved in the manufacturing of glove-dipping machines and rubber gloves, reported a 2Q20 PATMI of MYR4.9m (+66% YoY; +87% QoQ). Excluding one-off net loss, its 2Q20 core net profit rose 84% YoY. For the 6M20 period, however, its core net profit was only 12% YoY higher at MYR4.7m, as 1Q20 results included MYR2.7m one-off net gains (mainly reversal of impairment loss and forex gains). No dividend was declared for the current quarter.
The stronger 1H20 results were mainly attributable to stronger contribution from its rubber glove segment. For the 6M20 period, its rubber glove division recorded a PBT of approximately MYR2m vs. a loss before tax of MYR1.6m a year ago, thanks to increase in average selling price arising from overwhelming demand of gloves during Covid-19 pandemic. Notably, its glove-dipping segment also saw its PBT rising 45% attributable to better performance in both sales of new lines as well as upgrading and modification works performed.
Clearly, HLT is one of the beneficiaries of the Covid-19 pandemic. Both its operations benefited from the outbreak, which boosted demand for essential item for medical supplies such as gloves. Meanwhile, its glove-dipping machines division should also benefit from the current strong demand for rubber gloves globally as well as domestically. Although no research houses cover HLT at this juncture, the search for alternative names for glove makers may draw greater interest to this stock.
HLT has returned to profitability in FY19 after slipping into losses in 2017 and 2018. YTD, its share price has risen by 850%, driving valuation to the high side, at >100x annualized earnings on a fully-diluted basis. Warrants are included in EPS computation as they are now in-the-money, another compelling reason to explore this stock. One point to note, as demand for gloves are driven by the Covid-19 pandemic, any news on vaccine could create volatility in HLT’s earnings and share price performance.
Know what you are buying earning per share lees than 1 sen in the last qtr net assets per share less than 12 sen full year profit maybe 4 to 6 sen per share do you think the TP 0f 4.50 achievable you may argue the TP is the future price . 2 yrs down the road there would be oversupply of gloves in the market with or without vaccines and HLT is the late comer in the upstream gloves industries I think 45 sen in the more likely TP
Titan 3322 you are more scary than mickey. Everybody cry saw your TP. But you are correct the green peace will take action on waste from glove after this when is billion dump into the sea after vaccine is found and Europe start to ban for it anytime.
Glove ... to many competitor... even though QR report show gaining ... but here still drop... all here giving view negative point.... to make the investor scary run.........vaccine won't so easily found , Russia announce got vaccine but didn't work....
i'm giving my observe.... not under what group... gang... try go to other glove forum... u can get some idea about glove... still need in market wordlwide....... even though mask ... our government full force compulsory to wear mask.......
Price will up back soon, together with other gloves. QR profiting. Not to worry, furthermore company is expanding. Saman is nothing - 'The Board is of the view that the legal claim is frivolous and vexatious and will defend the claim vigorously.'
Anyone can advise the advantage of buying hlt instead of careplus? I know hlt got 3 dipping line or something like this which is unique, any other useful information ? I buy hlt aswell anyway
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....
Hero76
397 posts
Posted by Hero76 > 2020-09-01 12:41 | Report Abuse
Where got PE 123? Annualized Result ( EPS: 2.61, P/E: 62.87 )..retrace is normal, afternoon sure green one