Media

Rubberex to register supernormal 3-year forward earnings CAGR of 30%, says RHB

Source: The Edge Markets

RHB Investment Bank Bhd research has initiated coverage on Rubberex Corp Bhd at RM1.29 with a “Buy” rating and target price (TP) of RM1.68 which implies 23.5x FY21F P/E, a 24% discount to sector average reflected by its smaller market cap and liquidity.

In a note today, the research house said it expects Rubberex to register supernormal 3-year forward earnings CAGR of 30%.

Tuesday, 28 April 2020

READ DETAILS
All eyes on Rubberex

Source : TheStar

Close to 95% of Rubberex’s products are exported to over 100 countries, with its main markets being Europe, North America and Asia.

Wednesday, 15 Apr 2020

READ DETAILS
Rubberex expanding

Source : TheStar

Perhaps the comparatively low valuation ascribed to Rubberex is because of this fact – it is largely seen as an industry glove maker, whereas the big boys such as Top Glove Corp Bhd and Hartalega Holdings Bhd are in the business of making medical gloves whose demand has surged in light of the outbreak of the coronavirus, which is climbing across China and beyond. That though is not entirely correct, points out the managing director of the Ipoh-based company, Khoo Chin Leng.

Saturday, 08 Feb 2020

READ DETAILS