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UGHealthcare
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UGHealthcare share worth keeping?
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PQTPQK
Supreme |
23-May-2022 09:33
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cheong !!!????
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ETHunter
Master |
20-May-2022 16:57
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Richardlai
Master |
17-May-2022 15:40
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Wow ! Good Luck it could be a medium to long term hold.. This share has high net assets at 35 cents. But price is quite battered. | ||||
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Edward555
Member |
14-May-2022 11:18
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Yes, this is probably the ONLY gloves company that grow in rev and profits from the previous quarter. Vested a lot recently. TQ
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FreedomAngelz
Veteran |
13-May-2022 18:40
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Bought a bit (10k shares) for today to average down the last 10 lot at $0.285 | ||||
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ETHunter
Master |
13-May-2022 16:00
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They have about 70% i think. From past dividend, they prefer scripts. They can buy up the rest and take it private.. 35c good for them and us. |
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Richardlai
Master |
13-May-2022 15:16
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I am not sure if they pay themselves fat bonuses .... but yes the dividend is crappy. There is no need for them to hoard so much cash
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atozatoz
Member |
13-May-2022 13:38
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UG will not pay dividend but pay themselves generously in salaries and bonueses.
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oli007
Member |
13-May-2022 13:03
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Hi what is the div declared , thanks
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Longtermer
Elite |
13-May-2022 10:42
Yells: "A disciplined investor is a wealthy investor" |
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News has no mention of q-o-q comparison which is most important.. Q3 revenue increase 12.4% from last qtr. EBIT, Earning before tax increase 29.8%. Net earnings similiar. Not a call to buy or sell. DYODD as always. Cheers |
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Richardlai
Master |
13-May-2022 09:55
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Profit is steady , NTA is high, cash is still there. Share Price is still stuck as general market is not good at the moment. Dividend , its nominal but at least better than nothing. Could be one of the cheapest Glove stock in terms of NTA and market price comparison.. |
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Joelton
Supreme |
13-May-2022 09:48
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UG Healthcare Corp sees 68.9% y-o-y plunge in 3QFY2022 earnings of $10.7 mil
UG Healthcare Corporation has reported earnings of $10.7 million for the 3QFY2022 ended March, 68.9% lower than the net profit of $34.3 million in the same period the year before.
For the nine-month period, the group&rsquo s earning&rsquo s fell 64.2% y-o-y to $31.9 million.
Earnings per share (EPS) for both the 3QFY2022 and 9MFY2022 stood at 1.71 cents and 5.16 cents respectively.
The lower figures were due to the declining average selling prices (ASPs) of gloves. The fall in ASPs were due to the increased market supply of disposable examination gloves and higher competition among disposable gloves manufacturers.
According to the group, the impact was mitigated by its own-brand manufacturing (OBM) model, as it produced higher volume on its own at 3.4 billion pieces of gloves per year.
Revenue for the 3QFY2022 fell 31.2% y-o-y to $64.3 million, again due to the relatively lower ASPs and buffered by the higher sales volume of disposable gloves.
Gross profit for the quarter fell 65.1% y-o-y to $20.4 million as ASPs normalised to pre-Covid-19 pandemic levels.
As a result, gross profit margin fell 30.9 percentage points to 31.8%.
Profit before tax also fell 66.3% y-o-y to $15.7 million.
As at end-March, cash and bank balances stood at $92.0 million.
UG Healthcare Corp&rsquo s net asset value (NAV) per share stood at 35.76 cents.
&ldquo The ramp up of our productivity in the second quarter (October to December 2021) following the temporary closure and 60% manpower capacity in the first quarter (July &ndash September 2021), allowed us to record higher revenue sequentially in 3QFY22,&rdquo says Lee Jun Yih, executive director and finance director of UG Healthcare.
&ldquo We are, however, mindful that the prevailing manpower shortage in Malaysia could potentially impede our progress to achieve optimal utilisation rate as we increase our total production capacity to 4.6 billion pieces of gloves per annum,&rdquo he adds.
He continues: &ldquo While the ASP normalises, we are also experiencing better visibility on the demand for our proprietary &lsquo Unigloves&rsquo brand of disposable gloves with our customers at our downstream distribution. The additional production capacity of 1.2 billion pieces of gloves per annum that is coming onstream progressively from end May this year, is catered for our existing customers as disposable examination gloves remain essential for hand protection.
&ldquo We will continue to grow prudently at both our upstream and downstream operations, while managing the rising operating costs. We believe the benefits derived from economies of scale through our OBM model outweigh the adverse impact of ASP adjustment and higher operating cost,&rdquo he says.
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Edward555
Member |
13-May-2022 08:20
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Good fundamental company oversold. What is the TP?
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tritonyeah6666
Senior |
13-May-2022 08:19
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Ya lor. More than 2 years already you still cannot let go. Get a life lar. Alamak
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Midtermer
Master |
13-May-2022 06:24
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Let it go bro, and you are still harping on it. At least their net profit didn't plunge like TG last quarter. Really good fundamentally now.
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bxylqwan
Master |
12-May-2022 23:47
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more than 2 years into covid and some are still living in denial | ||||
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Longtermer
Elite |
12-May-2022 20:42
Yells: "A disciplined investor is a wealthy investor" |
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UG just reported their latest Results. Looking at UG Healthcare last 3 qtr results.. Q1 results: Rev 60.1m , Ebit 13.8m, Net Profit 10.6m, EPS 1.72c Q2 results: Rev 57.2m, Ebit 12.1m, Net Profit 10.6m, EPS 1.72c Q3 results: Rev 64.3m, Ebit15.7m, Net Profit 10.7m, EPS 1.71c Indeed UG Healthcare reported a good set of results for 3Q22. They are profitable over the last 3 qtrs. Both revenues and profit before tax for Q3 increased QoQ. This is the first time it shown a reversal of the down trend. OBM biz model mitigate lower ASP while production improved. Bright spots going fwd.. ASP has normalised to pre covid level. Next qtr will see UG production up from 3.4b to 4.6b gloves. More visibilty on customers demands for their Uniglove brand and the additional 1.2b capacity will cater to their own existing customers. Benefits derived from economy of scale and OBM model outweigh foreseeable challenges. Company will continue to grow biz both upstream and down stream. Global gloves demand projected to grow 12 to 15% UG Nav $223.1m Nav per share 35.8c Cash on hand $92m (14.8c per share) EPS for 9mths 5.2c (est 6.9c to 7c for FY22) Current price 21c A net cash company trading almost 15c below Nav! Dyodd and huat. |
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oli007
Member |
09-May-2022 13:24
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Now is endemic but even boosterd people are getting covid, my friend who was boostered in feb got covid in mar and got covid again last week. so healthcare gloves are still in demand post covid also | ||||
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Richardlai
Master |
09-May-2022 13:03
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Next pandemic is 100 years time
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bxylqwan
Master |
06-May-2022 13:35
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" Fundamentals will catch up eventually" haha yeah it will, at the next pandemic 10 years later |
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