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101-120 of 1767
Most shortists are street smart and Im sure some have turned longist ....
Market rotate to Medical play amid US index correction. Once 57 broken, ll charge towards 60... Shortist beware..:)
Investors also know these companies are quite cash rich .... cheers !
Financial reporting and div annoucement in the pipeline next few weeks..
since ppl already factored in all the negative news..
when financial report out, shld see more movement.
Well its looking better now .... hope the positive vibes can hold. Top Glove recovering and that helps
Never saw it go so low before
bxylqwan ( Date: 08-Jul-2021 16:11) Posted:
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dont need to worry about naysayers.
if div is good enough, ppl will buy the stock to get divident and hold on if earning continue to grow
if u not long term buyer u wont bother.
Inferno ( Date: 08-Jul-2021 15:52) Posted:
I mean in SG market, what is the point of good performance and good dividends? Sentiments hold sway over anything else. If not, how do we explain share price of SIA?
Even if UG sibei good results and dividends, naysayers will still have something to say to bring down the price. Contrary likewise for stock such as SIA.
Pikachaimai ( Date: 08-Jul-2021 15:22) Posted:
yes px is really all time low.. but if sentiment is lousy likely will see it hit below 5series unless their financial report and payout div is good.
otherwise its really pointless to keep harping about their growth etc. when its all hot air but ballon is not even rising |
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No new news, read old news is also good to remind us about the company fundamentals and performance.
The company is not loss making but posted record earnings.. For your reading pleasure.. cheers.
UG Healthcare posts S$34.3m Q3 net profit
IN a business update, glovemaker UG Healthcare posted a net profit of S$34.3 million for the third quarter ended March 31, 2021, almost 57 times its net profit in the previous year.
The group produced and sold a higher volume of gloves and had relatively stable average selling prices of both nitrile and natural latex gloves in key markets during the quarter.
As a result, revenue more than doubled to S$93.5 million from S$38.6 million, even surpassing the S$91.8 million recorded for the nine-month period ended March 31 the year before.
Gross profit jumped to S$58.6 million from S$7.5 million, translating to a 43.2 percentage-point increase in gross margin to 62.7 per cent. The group had higher margins for both its upstream manufacturing and downstream distribution businesses.
UG Healthcare noted that it has recorded four consecutive quarters of earnings growth from Q4 FY20. It said it continued to operate at optimum efficiency in Q3 FY21, with its upstream manufacturing capacity of 2.9 billion pieces of gloves per annum. Around 85 per cent of gloves were sold under its Unigloves brand through its own downstream distribution companies.
" We are, however, mindful of the impending challenges ahead such as rising costs and the surge in production capacities, which could lead to the average selling prices adjusting correspondingly to the increase in the global supply of gloves as competition warms up at the upstream manufacturing level," said Lee Jun Yih, executive director and finance director.
The group has commissioned the production capacity of 500 million pieces of gloves per annum since April 2021, bringing its total annual production capacity to 3.4 billion pieces of gloves.
The Covid-19 situation in Malaysia has caused slight delay to the construction of the new factory for the additional capacity of 1.2 billion pieces of gloves per annum. This means the company will gradually commission the production lines from Q3 of calendar year 2021, bringing its total annual production capacity to 4.6 billion pieces of gloves in the financial year ending June 30, 2022.
The counter closed at S$0.65 on Monday, down 1.5 Singapore cents or 2.26 per cent.
55c broken... Hmm
The market sentiment is pretty negative ...perhaps tired. I see all round stock prices are eroding. Need some bright sparks to wake it !
I mean in SG market, what is the point of good performance and good dividends? Sentiments hold sway over anything else. If not, how do we explain share price of SIA?
Even if UG sibei good results and dividends, naysayers will still have something to say to bring down the price. Contrary likewise for stock such as SIA.
Pikachaimai ( Date: 08-Jul-2021 15:22) Posted:
yes px is really all time low.. but if sentiment is lousy likely will see it hit below 5series unless their financial report and payout div is good.
otherwise its really pointless to keep harping about their growth etc. when its all hot air but ballon is not even rising |
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yes px is really all time low.. but if sentiment is lousy likely will see it hit below 5series unless their financial report and payout div is good.
otherwise its really pointless to keep harping about their growth etc. when its all hot air but ballon is not even rising
UG been holding tirelessly at 0.55. Pray the support level strong enough
Longtermer ( Date: 08-Jul-2021 15:15) Posted:
UG Price dragged down by TG due to persistent negative news.
Just looking at UG, they probably be making 120m in 2021.
The EPS will be around 20c and their 50m cash will be boost up by another good qtr.
Many ppl discount their low dividend over the past years..
Their last few years profits were low due to the competitive environment in 2018 and 2019 and also capex set aside to build more factories and distribution offices oversea.
BUT 2021 is the year of unprecedented earnings for them. Loans and debts are mostly paid.
I think with huge cash in their coffer and more profits visbility going forward, they may start giving good dividend this year onward.
Other glove companies are giving 40% to 70% .. Not sure about about UG, but i am hopeful.
Results out early August we will all know.
Vested heavily too as the price here is too cheap to ignore.
Dyodd and huat.
Inferno ( Date: 08-Jul-2021 11:35) Posted:
Don' t put too much hopes into the dividend.
Personally I am more interested in the new facility and the improved capacity, as well as any probable new contracts/markets to offset any global glove price decline |
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UG Price dragged down by TG due to persistent negative news.
Just looking at UG, they probably be making 120m in 2021.
The EPS will be around 20c and their 50m cash will be boost up by another good qtr.
Many ppl discount their low dividend over the past years..
Their last few years profits were low due to the competitive environment in 2018 and 2019 and also capex set aside to build more factories and distribution offices oversea.
BUT 2021 is the year of unprecedented earnings for them. Loans and debts are mostly paid.
I think with huge cash in their coffer and more profits visbility going forward, they may start giving good dividend this year onward.
Other glove companies are giving 40% to 70% .. Not sure about about UG, but i am hopeful.
Results out early August we will all know.
Vested heavily too as the price here is too cheap to ignore.
Dyodd and huat.
Inferno ( Date: 08-Jul-2021 11:35) Posted:
Don' t put too much hopes into the dividend.
Personally I am more interested in the new facility and the improved capacity, as well as any probable new contracts/markets to offset any global glove price decline.
Pikachaimai ( Date: 08-Jul-2021 10:32) Posted:
the key in coming weeks is the financial report and how much divident they going to give..
if lousy, the share will tank. |
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how to be confident these days?
so many uncertainties nowadays to even consider long term.
last time ppl say airlines damn solid now where are they? lol
play and dyodd.
The thing with this counter is that UG is a small brother compared to the rest so it seems its share price is highly influence by other glove counters. And most " investors" into this counter are actually punters..1 or 2 pip gain sell to buy coffee for the day... lol.
overall sentiment is impt.. investors invest for capital gain.
its good if coy has something in mind. but if not .. nothing can stop the slide.
I agree, though I am heavily vested in this counter, newcomers need to be aware that ug is a growth company and dividend policy is not as exciting as TG or RS. Dyodd
Inferno ( Date: 08-Jul-2021 11:35) Posted:
Don' t put too much hopes into the dividend.
Personally I am more interested in the new facility and the improved capacity, as well as any probable new contracts/markets to offset any global glove price decline.
Pikachaimai ( Date: 08-Jul-2021 10:32) Posted:
the key in coming weeks is the financial report and how much divident they going to give..
if lousy, the share will tank. |
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|
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Don' t put too much hopes into the dividend.
Personally I am more interested in the new facility and the improved capacity, as well as any probable new contracts/markets to offset any global glove price decline.
Pikachaimai ( Date: 08-Jul-2021 10:32) Posted:
the key in coming weeks is the financial report and how much divident they going to give..
if lousy, the share will tank. |
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usual aim for invested shareholders is to have dividends ( ie 1/2 yearly or annually )..
and will be added bonus if there' s capital gains ( ie share price appreciation ).
i am vested since Dec 2020 as UG have the potential for both..
