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Stocks With Momentum: Careplus
by Cals Thu 06 Nov 2014, 18:48
Stocks With Momentum: Careplus
Creplus Bhd ([You must be registered and logged in to see this image.] Financial Dashboard)
Careplus was picked up by our momentum algorithm for the second time this month, after the sharp spike in volume for the past two days.
The stock price has risen 7.14% to a three-year high of RM 0.525 since we first picked it up on October 31 while the FBM KLCI has decreased by 0.42% in the same time frame.
The core business of Careplus is manufacturing of latex examination gloves under its own Rubbercare and Guardian brand names, as well as third party labels. The company also sources nitrile and vinyl gloves from third party manufacturers, processes and repacks them under its brand names and private labels, as it does not manufacture these gloves.
Careplus has been borrowing for capacity expansions. Fixed assets grew from RM20.7 million in 2011 to RM78 million at end-June 2014 while gearing has risen to 105%. No dividend was paid in the last financial year.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on November 6, 2014.
Creplus Bhd ([You must be registered and logged in to see this image.] Financial Dashboard)
Careplus was picked up by our momentum algorithm for the second time this month, after the sharp spike in volume for the past two days.
The stock price has risen 7.14% to a three-year high of RM 0.525 since we first picked it up on October 31 while the FBM KLCI has decreased by 0.42% in the same time frame.
The core business of Careplus is manufacturing of latex examination gloves under its own Rubbercare and Guardian brand names, as well as third party labels. The company also sources nitrile and vinyl gloves from third party manufacturers, processes and repacks them under its brand names and private labels, as it does not manufacture these gloves.
Careplus has been borrowing for capacity expansions. Fixed assets grew from RM20.7 million in 2011 to RM78 million at end-June 2014 while gearing has risen to 105%. No dividend was paid in the last financial year.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on November 6, 2014.
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