Karen do you still think its still the right time to enter now?

C’moon dude you gotta realise that this glove company is relatively smaller than other top 4 glove companies with higher share price. The reason why their sales fell was truly because their stocks were piled up due to MCO and they failed to deliver that time. It will only be considered as sales made once they have delivered to their clients. Yet hope you wouldn’t prejudice to compare the sales of this Quater which is only 3 months in within to the sales that was reported in the annual report which was for 12 months. Thus, despite the fall but that’s just for 3 months and not 12 months + due to the MCO. Despite their fall in sales they have certainly managed to turn the deficit into profit earning with such a short time. This would certainly be unfair if you compare it with top 4, top glove, superman, hartalega. So stop for few seconds and think, this is just beginning of 3 months, and much improvement can be seen. What would it even be when 2nd Quarter is released. Think about it and soon their production lines are increasing more and more. Can only say this is just the beginning of ‘Careplus’ empire in the glove industry as a player.

Think about it ;)

Dude if you have analysed the Quater report carefully and detailed enough, you’d realise the rose in ‘trade receivable’, majorly is due to they have just owned 100% of the subsidiary in Brazil namely “Careglove”. So previously “Careplus” only owned “Careglove” 50%+1 of its stake and the rest was owned by AJJ. Thus due to this, they have to separate out the “trade receivable” for “Careplus” & “Careglove” and since “Careglove” is now fully owned by Careplus thus which is why with accounting rules they need to combine and add up both “trade receivable” of Careplus and Careglove together, which is why it increased. But the increase in “trade receivable” is not mainly due to the increase of delayed payment by their clients. So please make sure full understandings are there before saying anything otherwise it will just be spreading false news and information all around.

Thank you and hope it’s clear enough for you.

With 2nd wave of CoVid coming to USA, Medical Gloves will be in demand, unlike normal mask (Not N95) which can be produced easily, medical gloves are harder to make and scale in a short notice.

For those in doubt of a 2nd wave, look at the rising covid cases for Califonia, Texas and Florida, these are the Top 4 largest states in USA, only New York has a decline in covid cases.

With all those protest, 2nd wave is coming.