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Interesting, what would be your target price tomorrow and after H1 FY21.
FreedomAngelz ( Date: 05-Feb-2021 00:16) Posted:
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Hi guys, just going to share my projection since we have 1H2021 results out, i did a projection for FY 2021 projection which will end on June 2021 and the result is astonishing.
1H FY21 Revenue is $159.4m, with the new addition of 500m gloves production starting April, i estimate FY21 revenue for UG to reach at least $335m-$350m
1H FY21 Net Profit is $61.1m, projected full year net profit to reach $140-$150m
Gross Margin maintained at 55-65%, Net Margin at 30-35%
NAV at end June 2021 for UG is projected to be around $0.30-$0.35
Group borrowing expected to be clear off by end June (Current group borrowing at $11m on 31st Dec, drop previously $35m in on 30th June)
Interest payment has drop sharply due to clearing of debts and we may see UG start to earn more interest income from its cash pile.
Later half of 2021 will be more interesting with the additional 1.2 billion gloves production and with UG board considering further expansion, i think this is the reason why UG has not proposed a high dividend payout yet because they are keeping the cash reserve for possible further expansion. DYODD
1H FY21 Revenue is $159.4m, with the new addition of 500m gloves production starting April, i estimate FY21 revenue for UG to reach at least $335m-$350m
1H FY21 Net Profit is $61.1m, projected full year net profit to reach $140-$150m
Gross Margin maintained at 55-65%, Net Margin at 30-35%
NAV at end June 2021 for UG is projected to be around $0.30-$0.35
Group borrowing expected to be clear off by end June (Current group borrowing at $11m on 31st Dec, drop previously $35m in on 30th June)
Interest payment has drop sharply due to clearing of debts and we may see UG start to earn more interest income from its cash pile.
Later half of 2021 will be more interesting with the additional 1.2 billion gloves production and with UG board considering further expansion, i think this is the reason why UG has not proposed a high dividend payout yet because they are keeping the cash reserve for possible further expansion. DYODD
Huh only gap up 775? Open already 80cents above 😁
yamseng ( Date: 04-Feb-2021 22:23) Posted:
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tmr gap up at 775 will be good, do a slight pullback before breaking 790,,,,
reserve some energy to chiong to 88
huat ah
reserve some energy to chiong to 88
huat ah
This explains why they are keeping cash.
Next, their profit for half year exceeded the total revenue of last year.
Huge cash hordes.
$1 is a must. Probably not tmr but should be after cimb re rating of strong buy and target price close to $3 by houses.
Let see.
Huat Huat Huat R!
Next, their profit for half year exceeded the total revenue of last year.
Huge cash hordes.
$1 is a must. Probably not tmr but should be after cimb re rating of strong buy and target price close to $3 by houses.
Let see.
Huat Huat Huat R!
Shifu8888 ( Date: 04-Feb-2021 21:51) Posted:
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The global gloves demand remains intense as COVID-19 infections worsened drastically, with many countries suffering second and third wave of infections. Across the markets in which the Group operates, demand continues to outstrip supply. This situation is expected to persist in this new calendar year.
The additional capacity of 500 million pieces of gloves per annum is on track to come on stream by March / April 2021. The Group?s new factory, which will increase an additional capacity of 1.2 billion pieces of gloves per annum, is currently under construction and is expected to start commissioning in the third quarter of this calendar year (July ? September 2021). Both these expansions will increase the Group?s total manufacturing capacity to 4.6 billion pieces of gloves per annum.
The Group is currently studying the possibility of further capacity expansion beyond 4.6 billion pieces of gloves per annum and will update shareholders in due course.
On the overseas market distribution companies, the Group will continue to invest heavily in building and expanding its distribution network, local infrastructure and logistics, as well as marketing to further entrench and enhance brand awareness of its own ?Unigloves? brand.
The additional capacity of 500 million pieces of gloves per annum is on track to come on stream by March / April 2021. The Group?s new factory, which will increase an additional capacity of 1.2 billion pieces of gloves per annum, is currently under construction and is expected to start commissioning in the third quarter of this calendar year (July ? September 2021). Both these expansions will increase the Group?s total manufacturing capacity to 4.6 billion pieces of gloves per annum.
The Group is currently studying the possibility of further capacity expansion beyond 4.6 billion pieces of gloves per annum and will update shareholders in due course.
On the overseas market distribution companies, the Group will continue to invest heavily in building and expanding its distribution network, local infrastructure and logistics, as well as marketing to further entrench and enhance brand awareness of its own ?Unigloves? brand.
Sell it if your profit target is met
Buy it, if you believe it will go up more after re rating report
Sell it and buy it back if it drops also can
Do nothing and watch also also can can.
Buy it, if you believe it will go up more after re rating report
Sell it and buy it back if it drops also can
Do nothing and watch also also can can.
For a growth company, normally we do not expect dividend. we want the share price to appreciate based on increase shareholders equity.
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guards80 ( Date: 04-Feb-2021 17:36) Posted:
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People here just mentioned dividends and they never say special or what dividends. And I havent see their report as sgx website hang...
guards80 ( Date: 04-Feb-2021 20:54) Posted:
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Yup.. it's entirely possible : )
tmr straight away open above 80cents
Ichimoku ( Date: 04-Feb-2021 20:16) Posted:
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u know what is call special dividends means? just extra give u one. normally actual dividend will be more :)
Invest1 ( Date: 04-Feb-2021 20:12) Posted:
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Me too.. i just want to see the stock price soar : )
zzzz522010 ( Date: 04-Feb-2021 20:39) Posted:
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Actually I' m not that into the dividend as if UG can use the capital for biz growth and get a better return in the biz for the shareholders vs dividend, I' m all for it. UG is a growth company.
Cannot be la bro..
You want 1050 for every 10000 shares (7,650 today closing)?
Which company can give that ?
You want 1050 for every 10000 shares (7,650 today closing)?
Which company can give that ?
jimmysum ( Date: 04-Feb-2021 20:27) Posted:
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Dividend 0.105
Tomorrow UG will hit 0.8
Tomorrow UG will hit 0.8
Really $10.50 only for every 10,000 shares? That's miserable..
I thought it is $0.105 ×10,000 =$1050..
Invest1 ( Date: 04-Feb-2021 20:12) Posted:
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The dividend is so low for a 70cents stock. Too stingy company. To earn so much but never reward shareholders properly. When lesser profit, maybe no dividends at all.
ringo88 ( Date: 04-Feb-2021 19:54) Posted:
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Very good result is factored in.
But it comes out better than very good. So will up tomorrow but not power up.
But it comes out better than very good. So will up tomorrow but not power up.