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Tuesday, August 4, 2020

Can Still Buy Glove stocks or Sell or Hold?

Using a layman method and looking from a different angle.

 

Use Topglov as example.

Eventually Topglove profit will normalize, say rm0.71 per share a year, as per CIMB research report (22/07/2020) for Topglove FY Aug 2022.


Give a high PE ratio of 20x =RM14.20

Give a high PE ratio of 25x =RM17.75

Give a high PE ratio of 30x =RM21.30

 

Many brokers gave 25x as at end of 2019 when things were normal, assuming fair value is RM17.75

 

What happen to all the super profit? RM0.59 (FY Aug20) + RM1.97(FY Aug21) = RM2.56. You may get nothing if they don’t pay out as special dividend.  But assuming they pay all as dividend.

 

Buy at Topglove price RM26 now.

Get RM2.56 special dividend

Cost RM23.44

 

Later the target price become RM17.75

 

The above is just a sample analysis using one research report. Other analysts give higher or lower figures. They may adjust the figures upward or downward based on result announcements or news or other developments.

 

Of course, there are many uncertainties, no vaccines or delay or more cases. Or vaccines are earlier than expected.

 

The above is just a different way of looking at things when the company has one of two years of super profit.

 

 

 

Sunday, June 7, 2020

Bursa Malaysia Stock Broker Investment Bank Ranking






Source: Bursa Malaysia

Wednesday, June 3, 2020

Gloves Stocks Target Price



Some of the fair value of gloves stocks by Malaysia Bursa Brokers.
Maybe some are outdated.

Target Price
3/6/2020
Supermax and Supermx
                               10.90
Kenanga Investment Bank
22/5/2020
Supermax and Supermx
                                  5.40
AffinHwang
21/5/2020
Supermax and Supermx
                                  4.09
MIDF
21/5/2020
Supermax and Supermx
                                  6.00
BMIB
2/6/2020
Topglove and Topglov
                               15.60
Kenanga Investment Bank
29/5/2020
Topglove and Topglov
                               20.00
Maybank
27/5/2020
Topglove and Topglov
                               14.72
UOBKayHian
20/5/2020
Topglove and Topglov
                               12.23
AmInvest
18/5/2020
Topglove and Topglov
                               12.70
Public Bank
3/6/2020
Kossan
                               11.20
Kenanga
28/5/2020
Kossan
                                  8.11
Hong Leong HLG
27/5/2020
Kossan
                               10.00
UOBKayHian
22/5/2020
Kossan
                                  8.80
Public Bank
22/5/2020
Kossan
                                  9.00
MIDF
22/5/2020
Kossan
                               10.00
BIMB
22/5/2020
Kossan
                                  9.72
AmInvest
22/5/2020
Kossan
                                  9.50
AffinHwang
Careplus and Carepls
n/a
Rubberex and Ruberex
n/a
28/5/2020
Comfort Gloves
3.18
RHB-OSK
Hopefully no typo.

Tuesday, March 3, 2020

AirAsia Unlimited Pass- The Disadvantages and List of Countries and Destinations

There are many advantages and disadvantages.

Highlight some for you.

Are AirAsia Unlimited Pass promo codes applicable to all routes?
The promo code is applicable to long haul flights* with carrier code D7 (AirAsia X) & XJ (Thai AirAsia X) only. *Excluding flights to Bali, Singapore, Jeddah and Fly-thru routes. *Embargo period applies. AirAsia flight redemptions are limited and may not be available on all flights during public holidays, school breaks and weekends.

Source: AirAsia


======================


Covered Destinations
The Unlimited pass only covers AirAsia X destinations in Australia, Japan, Korea, China and India. This is only applicable for long-haul flights that are over 4 hours in duration and has the carrier code D7 (AirAsia X) and XJ (Thai AirAsia X). The pass excludes Singapore, Denpasar (Bali) and Jeddah.

Some examples of applicable destinations include Kuala Lumpur to Melbourne, Kuala Lumpur to Taipei, Kuala Lumpur to Perth, Kuala Lumpur to Haneda, Kuala Lumpur to New Delhi and Bangkok to Osaka.

Not covered Destinations
Do note that domestic and short-haul flights using the carrier code AK are not included. In summary, you can’t use this pass for flights such as Kuala Lumpur to Penang, Kuala Lumpur to Singapore, Kuala Lumpur to Kota Kinabalu, Kuala Lumpur to Hong Kong, Kuala Lumpur to Manila and Kuala Lumpur to Bangkok.

Source: soyacincau



Wednesday, February 12, 2020

Is Wuhan Coronavirus COVID-19 2.2% fatality rate high?



 


Based on the above table from Wikipedia, the death rate is 74 times higher than 2009 H1N1.

What is Wuhan Coronavirus new name? COVID-19


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