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 Hi guys,
We are now in a very powerful Bull Run Time in Gloves
All Glove Companies & Glove Material Companies Have Run Up in Prices.
It is now getting harder and harder to find laggard Glove Related Stocks as prices of some have doubled & tripled from their March lows
Now Calvin has discovered a Laggard
It's PPHB Or Public Packaging Holdings Bhd

It has Real Estate, Hotel, Off-set Printing & Packaging Boxes for the E-Commerce Industry
But what pigued my interest was these these Two Below



See

PPHB SUPPLIES BOXES FOR LATEX POWDER FREE GLOVES PACKAGING

And POWERED LATEX EXAM GLOVES

According to One Spokesman About 15% of All Packaging Boxes go to the Glove Industries
So good now
Although TopGlove already has its own Box packaging they do not have enough as Demand Exceeds Supply
This increasing Demand is felt by All Other Glove Companies as well
So this is Extremely Good News for PPHB

2. PPHB also Custom Make Designer Packaging Boxes as well as Print for Many Companies
Now that MCO is on many have gone Online for their Purchases
And Business has gone up by manifold
See POS

Pos Malaysia urges public to be patient for packages, receiving 600,000 parcels daily during MCO (VIDEO)
Thursday, 30 Apr 2020 05:40 PM MYT
BY TAN MEI ZI
The video shows Pos Malaysia’s processing hub at KLIA filled to the brim with parcels. — Screengrabs from Facebook/Adella Mohd Noor
The video shows Pos Malaysia’s processing hub at KLIA filled to the brim with parcels. — Screengrabs from Facebook/Adella Mohd Noor
PETALING JAYA, April 30 — Pos Malaysia has asked the public to be patient for their packages after a video of mountains of parcels at their KLIA hub went viral on Twitter.
Pos Malaysia then responded to @kaymanbeaustore’s post saying that the movement control order (MCO) has affected their operations, resulting in the backlog of parcels.
“To our valued customers, Pos Malaysia has been receiving an average of 600,000 parcels every day during the MCO.
“Our staff are working diligently to ensure all parcels reach their recipient. However, our operating hours have to abide by the guidelines and rules under the MCO.
“We’re working as hard as we can to deliver your items and hope you will be patient with us,” Pos Malaysia wrote.
 
Calvin comments:
With such an increase for Parcel Deliveries Lots and Lots of Paper Boxes will be Needed from PPHB
 
Now let's see PPHB Financial Statements
 
SUMMARY OF KEY FINANCIAL INFORMATION
31 Dec 2019
    
INDIVIDUAL PERIOD
   
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
   
PRECEDING YEAR
CORRESPONDING
QUARTER
   
CURRENT YEAR TO DATE
   
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Dec 2019
   
31 Dec 2018
   
31 Dec 2019
   
31 Dec 2018
$$'000
   
$$'000
   
$$'000
   
$$'000
1    Revenue   
53,673
   
55,368
   
203,877
   
198,876
2    Profit/(loss) before tax   
6,044
   
7,122
   
29,535
   
24,508
3    Profit/(loss) for the period   
3,826
   
4,676
   
23,633
   
19,008
4    Profit/(loss) attributable to ordinary equity holders of the parent   
3,826
   
4,676
   
23,633
   
19,008
5    Basic earnings/(loss) per share (Subunit)   
2.03
   
2.48
   
12.53
   
10.08
6    Proposed/Declared dividend per share (Subunit)   
0.25
   
0.00
   
0.25
   
0.00
         
AS AT END OF CURRENT QUARTER
   
AS AT PRECEDING FINANCIAL YEAR END
7    Net assets per share attributable to ordinary equity holders of the parent ($$)   
1.3100
   
1.1800
 
 
 
 
 
 
 
 
 
 
 
 
 
Last quarter PPHB earns 2.03 sen
If annualised 2.03 x4 = 8.12
At today closing price of 68 sen
PPHB has a P/E of 8.37
Now look at its NAV
It is Rm1.31
So at 68 sen PPHB is selling at almost half the Value of Its NET ASSET VALUE
Now Let's Go and See the Annual Report of PPHB
From the Properties we see
1) Many are Industrial Factories which Company is using for Operations
2) Condos for rental
The combined book value of these Assets are Rm76,330,550

That is about 40.5 sen per share
So if you deduct 68 sen from 40.5 sen you are paying 27.5 sen for the Business and all the Machineries

SO FROM MARGIN OF SAFETY (50% DISCOUNT TO NTA)
 GROWTH PROSPECTS (FROM E-COMMERCE & GLOVE BOOSTER
AND UNDEMANDING P/E PPHB LOOKS LIKE A PROMISING COMPANY

Price now 68 sen
Short Term Target price is 90 sen
Longer term it should rise above Rm1.00 nearer to its NTA

Best Regards

Calvin Tan Research
Singapore

Please buy or sell after doing your own due diligence
In doubt please consult your remisier or fund manager

Btw
E-COMMERCE IS THE FUTURE
ATTESTED BY THE GREAT GROWTH OF COMPANIES LIKE AMAZON, ALIBABA. JD.COM, SHOPIFY  & LAZADA
SO PPHB IS PART OF THE FUTURE (PLUS GLOVES!!)