RUBEREX 7803 QUARTERLY REPORT 30 SEPT 2018
Quarterly Report Review:
收入与去年同期相比减少17.9%主要是低销售量，中国业务表现不好和汇率因素。
该集团第一阶段扩建并生产丁晴手套已全面运行。
该集团预计第二阶段扩建会在2019年中完成并在年尾开始营运。
在2018年9月时，该集团接到中国当地环境部门发出强制停止命令主要是对运营燃煤锅炉的工厂，而该集团在广东省惠州市的工厂停止营运。
除非锅炉转换为其他清洁的能源如电力或天然气才会允许恢复运营。
该集团正在积极采取适当措施，用燃气锅炉取代所有现有锅炉，并预计此转换需要大约四到六个月时间才能完成。
因此该集团的第四季度业务因中国业务受到负面影响。
Reference Price:
27.11.2018
Price: RM 0.525
Rolling EPS: RM 0.0535
PE: 9.81
NTA: RM 1.09
Price/NTA: 0.48
PE*Price/NTA: 4.725
Undervalued: RM 0.855
Fair Value: RM 1.14
Overvalued: RM 1.71
Disclaimer:
The information contained in this research is based on data obtained from sources believed to be reliable. However, the data and/or sources have not been independently verified and as such, no representation, express or implied, is made as to the accuracy, adequacy, completeness or reliability of the info or opinions in the research.
Accordingly, neither 以牛攻熊 nor any of its related companies and associates nor person connected to it accept any liability whatsoever for any direct, indirect or consequential losses (including loss of profits) or damages that may arise from the use or reliance on the info or opinions in this publication. Any information, opinions or recommendations contained herein are subject to change at any time without prior notice. 以牛攻熊 has no obligation to update its opinion or the information in this research.
Investors are advised to make their own independent evaluation of the info contained in this research and seek independent financial, legal or other advice regarding the appropriateness of investing in any securities or the investment strategies discussed or recommended in this research. Nothing in this research constitutes investment, legal, accounting or tax advice or a representation that any investment or strategy is suitable or appropriate to your individual circumstances or otherwise represent a personal recommendation to you.
This research is being supplied to you on a strictly confidential basis solely for your information and is made strictly on the basis that it will remain confidential. All materials presented in this research, unless specifically indicated otherwise, is under copyright to 以牛攻熊. This research and its contents may not be reproduced, stored in a retrieval system, redistributed, transmitted or passed on, directly or indirectly, to any person or published in whole or in part, or altered in any way, for any purpose.
This research may provide the addresses of, or contain hyperlinks to, websites. 以牛攻熊 takes no responsibility for the content contained therein. Such addresses or hyperlinks (including addresses or hyperlinks to 以牛攻熊 own site material) are provided solely for your convenience. The information and the content of the linked site do not in any way form part of this research. Accessing such website or following such link through the research or 以牛攻熊 site shall be at your own risk.
收入与去年同期相比减少17.9%主要是低销售量，中国业务表现不好和汇率因素。
该集团第一阶段扩建并生产丁晴手套已全面运行。
该集团预计第二阶段扩建会在2019年中完成并在年尾开始营运。
在2018年9月时，该集团接到中国当地环境部门发出强制停止命令主要是对运营燃煤锅炉的工厂，而该集团在广东省惠州市的工厂停止营运。
除非锅炉转换为其他清洁的能源如电力或天然气才会允许恢复运营。
该集团正在积极采取适当措施，用燃气锅炉取代所有现有锅炉，并预计此转换需要大约四到六个月时间才能完成。
因此该集团的第四季度业务因中国业务受到负面影响。
Reference Price:
27.11.2018
Price: RM 0.525
Rolling EPS: RM 0.0535
PE: 9.81
NTA: RM 1.09
Price/NTA: 0.48
PE*Price/NTA: 4.725
Undervalued: RM 0.855
Fair Value: RM 1.14
Overvalued: RM 1.71
Disclaimer:
The information contained in this research is based on data obtained from sources believed to be reliable. However, the data and/or sources have not been independently verified and as such, no representation, express or implied, is made as to the accuracy, adequacy, completeness or reliability of the info or opinions in the research.
Accordingly, neither 以牛攻熊 nor any of its related companies and associates nor person connected to it accept any liability whatsoever for any direct, indirect or consequential losses (including loss of profits) or damages that may arise from the use or reliance on the info or opinions in this publication. Any information, opinions or recommendations contained herein are subject to change at any time without prior notice. 以牛攻熊 has no obligation to update its opinion or the information in this research.
Investors are advised to make their own independent evaluation of the info contained in this research and seek independent financial, legal or other advice regarding the appropriateness of investing in any securities or the investment strategies discussed or recommended in this research. Nothing in this research constitutes investment, legal, accounting or tax advice or a representation that any investment or strategy is suitable or appropriate to your individual circumstances or otherwise represent a personal recommendation to you.
This research is being supplied to you on a strictly confidential basis solely for your information and is made strictly on the basis that it will remain confidential. All materials presented in this research, unless specifically indicated otherwise, is under copyright to 以牛攻熊. This research and its contents may not be reproduced, stored in a retrieval system, redistributed, transmitted or passed on, directly or indirectly, to any person or published in whole or in part, or altered in any way, for any purpose.
This research may provide the addresses of, or contain hyperlinks to, websites. 以牛攻熊 takes no responsibility for the content contained therein. Such addresses or hyperlinks (including addresses or hyperlinks to 以牛攻熊 own site material) are provided solely for your convenience. The information and the content of the linked site do not in any way form part of this research. Accessing such website or following such link through the research or 以牛攻熊 site shall be at your own risk.
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