Dear Friends & Investors,

Today SUPERMAX came out with a Set of Spectacular Results Plus Great Optimism from Management!

Let's take a closer look and see

Amazing Improvements

Revenue up from Rm361 Millions to Rm447 Millions or up = 23%

NAV up from 83 sen to 92 sen = Up 10.8%

BUT THE PROFIT IS SPECTACULAR

Profit up from 2.64 to 5.42 or Up A Whopping 105% 

WHY PROFIT SO HIGH?

To understand that let's look into the balance sheet

And these are the figures

1) Share of profit of associated companies Rm4,575,000 (This quarter)  Rm1,675,000 (Last year qtr)

Profit from associates increased by Rm2.9 Millions (Up 173%)

2) Profit after tax Rm72,349,000 (this quarter)  Last year qtr Rm 34,963,000

A fantastic jump Rm37.3 Millions (Up 106.9%)

3) Foreign currency translation Rm4,920,000 (This qtr)     (Rm4,424,000) Last year loss

Fantastic currency gain from last year losses!

ALL ROUND APPLAUSE!!

RESOUNDING SUCCESS!!

STANDING OVATION!!

Notice of Shares Buy Back by a Company Pursuant to Section 127 (16) of CA 2016

This 2,888 Signal SBB (Share Buy Back) was a very positive telling figures 

2 as in Easy (cantonese)

8 means Fatt or Prosperity

888 means Triple prosperity!!

SEE THIS AGAIN IN TREASURY SHARES

INSIDE COMPANY TREASURY IS 68,888

6 is Low 0r Do business in cantonese

8888 4 times again means quatruple prosperity!!!

Yes Calvin 1st bought into SuperMax at Rm1.73

Seeing its strong upside I sold some & switched to Supermax C87 at 34.5 sen

While mother share of Supermax almost up 200% the Call warrant already gone above 200%

Warrants or Call warrants are instruments of Bull Markets like now

Please don't simply buy call warrants as it can go both ways. It amplifies gains on the upside buy also exacerbate losses on the down side

For now SUPERMAX IS STEAMING AHEAD TO OVERTAKE KOSSAN 

Let's see the days ahead

Best Regards

Calvin Tan Research

Singapore

Please note:

THIS IS NOT A BUY CALL FOR SUPERMAX!!

CALVIN NEVER,ENCOURAGE CHASING THE BULL

IF YOU DO YOU ARE ON YOUR OWN. PROFITS OR LOSSES YOU MUST BEAR YOUR OWN

NOW CALVIN HAS ONE VERY GOOD LAGGARD STOCK FOR YOU IF YOU ITCHY TO CHASE SUPERMAX

BETTER NOT CHASE SUPERMAX BUT BUY NYLEX (4944)  OR ANCOM (4758)

WHY BUY NYLEX OR ANCOM

JUST AS SUPERMAX IS SPECIALIST IN MEDICAL GLOVE AND EVEN VALUE ADD BUY RETAILING FOR HIGHER PROFITS INSTEAD OF DOING CONTRACT SUPPLY WITH LOCKED-IN LOW MARGINS

(SUPERMAX NOT ONLY DO WHOLESALE IT ALSO RETAIL. MANAGEMENT SAID A SURPRISE NOW TO SEE NEW BUYER COMING IN TO PURCHASE SUPERMAX GLOVES EVEN BY COMMON PEOPLE)

SO IS NYLEX

NYLEX HAS THE ADVANTAGE OF FERMPRO MANUFACTURING ETHANOL IN CHUPING, PERLIS

THIS IS WHERE THE BIGGEST SUGAR CANE PLANTATION IS LOCATED

FERMPRO PRODUCES 5 MILLION LITRES OF ETHANOL A YEAR

FERMPRO FACTORY WAS SHUT DOWN FOR MONTHS TO DO REPAIR AND UPGRADE

AND THESE ARE THE IMPROVEMENTS

1) OLD RUSTY PIPES WERE CHANGED TO NEW ONES TO STOP LEAKAGES

2) PURITY OF ETHANOL HAS INCREASED FROM 95.5% TO 99.5%

3) SAVING ON FUEL BY 40% AS OIL PRICE HAS COLLAPSED

4) OVERALL PRODUCTION HAS IMPROVED BY 5%

5) BEST OF ALL IS DEMAND BY ESTABLISHED AND NEW PLAYERS IN THE SANITIZER MARKETS

LOTS AND LOTS OF DEMAND NOW DUE TO COVID 19

6) PLUS PRICES OF ETHANOL HAS SHOT UP IN PRICE (FEED COST FROM SUGAR UNDER PRICE CONTROL)

VERY GOOD. COST OF ETHANOL IS NOT UNDER PRICE CONTROL

CURRENT SALE PRICE OF ETHANOL IS AS HIGH AS RM100 IN SINGAPORE

AND THE BEST IS YET TO COME

ETHANOL MADE BY NYLEX IS NOW VALUE ADDED BY ANCOM

ANCOM IS CONVERTING ETHANOL TO SANITIZER (BOTH 5 LITERS & 10 LITRES ARE AVAILABLE)

SEE AnGUARD SANITIZER PRDUCED BY ANCOM FROM NYLEX'S FERMPRO ETHANOL

WHILE HEXA CONVERTS ETHANOL TO ALCOHOLIC DRINK TO ADD VALUE ANCOM CONVERTS NYLEX'S ETHANOL TO SANITIZER

CURRENT PRODUCTION OF ETHANOL BY FERMPRO IS 5 MILLION LITRE A YEAR

MARKET VALUE IS RM100 PER LITRE

TOTAL GROSS WILL BE A WHOPPING RM500 MILLIONS (RETAIL)  OR HALF A BILLION RINGGIT

OF COURSE WE NEED TO DEDUCT OPERATION & DISTRIBUTION COST PLUS MIDDLE MEN COST AND OTHER MISCELLANOUS COST

IF SO WHAT IF WE DEDUCT BY UP TO 90%?

THEN IT WILL STILL BE A VERY GOOD RM50 MILLION PROFIT FOR NYLEX IF ALL GOES WELL

THIS YEAR IS 2020

IN OPTICAL TERM 2020 VISION IS PERFECT

CAN WE SEE AHEAD THAT NYLEX SHARE PRICE WILL GO LIMIT UP?

LIKE SUPERMAX WHICH WE CALL "SUPERMAN"!!!

NYLEX CURRENT PRICE IS 80 SEN

TARGET PRICE SHORT TERM  IS RM1.20

LONGER TERM TARGET IS RM1.50 TO RM1.80

BEST REGARDS

Calvin Tan Research

Singapore

Please buy or sell after doing your own due diligence

YES! BEFORE WE FORGET

TOMORROW SUPERMAX MIGHT GO LIMIT UP TO CROSS RM6.00 & OVERTAKE KOSSAN!!

YOU CAN GO CHASE SUPERMAX OR YOU CAN BUY NYLEX WHILE CHEAP

IT IS UP TO YOU

MAY ALL PROSPER IN THIS SUPER GLOVE BULL RUN TIME IN MALAYSIA

NOTE FURTHER

SUPERMAX'S GLOVES ARE DEFENSIVE AND PROTECT FROM COVID 19

NYLEX'S ETHANOL IS OFFENSIVE AND ATTACKS COVID 19

ONE IS PASSIVE WHILE THE OTHER IS ACTIVE

ONLY SANITIZER WITH 65%  ETHANOL KILLS COVID 19