Not sure if I still can get at RM 3.00 - RM 3.50.

RM12 roadblock cleared

2.8B !!!

300677:CHShenzhen
Intco Medical Technology Co Ltd now almost reaching all time high (144CNY) at 138.72CNY+8.54+6.56%.

Malaysia glove stock on downtrend, it seem unusual.

DK please include me into your group , Thanks

If you are mid to long term holder, actually few days of consolidation is fine. If you think the future of the company is good and can make more profit than previous quarter, then you should continue to hold. Avoiding keep looking at the share price, you will make mistake easily.

Today market stable a bit after yesterday big drop. TG got big hand push back to 25 in last hour. I believe TG will bring the whole glove sector back to the top in near future,my guess is next week (egm) and early September ( bonus issue).

Supermx-20 fiscal year + 525 million ringgit net profit received 500 ringgit per lot (before bonus issue) of dividend. Supermax is expected to reach a net profit of RM 3.2B next year, earning an average income of 800 million per quarter， if based on the dividend rate of the 2020 fiscal year, the expected dividend is RM 3,050.00 (before bonus shares) in Yr2021.

For example:

If you have 5 lots now, Supermx distribute RM 2,490 to you, next year you will get RM 15,250.00 dividend if you keeping the share to next year.

Correct me if Im wrong.

I'm just curious if you guy sold at the price you think is highest lets say RM 23.30. Would you buy back when it goes up further ? or sold and without turning head back?

Based on my observation from the calculation above, share price increase by RM 1 for every 15M PAT increases, 800M to 1,000M earning will be translate into RM 49 - RM 63.

@freetospeak, what if the PAT range in between 800M to 1000M ? What's the blue sky and grey area target price ?

Big Block at 25.80

Hi, I just want to share my own calculation about the Q4 2020 earning, lets say supermx in 3 months is able to produced 6.75B (or 6.75M carton @ avg $ 136.67 per carton based on Apr:$100, May:$150 and Jun:$160). Revenue around RM 3.96B (USD 922M*4.3) , production cost est around 800M , and 25% tax , you can get 2.38 B earning in Q42020.Quarterly EPS around RM 1.81 , annual EPS around 1.90. PER 20 @ RM 38.15 , PER 30 @ RM 57.23. I think my calculation is too extreme, any comment on this ?

come on, pls break the wall :D

About 30M share value at RM17 , thick wall

quite hard to break RM 17

I realized people attitude changed significantly once they let go their position, if the share price keep going up they will keep talking bad as they reaslized they made the wrong decision, on another hand, they will support the counter if they are still holding, human kinds is kinda "selfish".

One of the solution is the admit your mistake then buy back and find out future expected earning and PE, you can sell at good price.

Just to update your guys, glove price will be increase 5% to 8% per month in June 2020 onward.

https://themalaysianreserve.com/2020/05/20/record-earnings-expected-for-glovemakers-in-2020/

I have been calculating if glove price increase by 5% every month for the next 12 months (after June2020), sales increase by 15% per quarters (vs previous yr Qr), annual profit after tax (25% tax) will be around 203M, at PE 20x price will be RM 6.63, PE 30x at RM 9.95, if you include 30% safety of margin, still worth RM 4.60. Other factor doesnt include such as , drop in raw material price, forex gain/loss, and possible extension of operating hours.

Good to read for glove investor, interview with Kossan boss recently. Glove supply unable to meet the demand as the demand surged by 30 to 50%, currently factory work with 100% utilization rate.

https://www.enanyang.my/news/20200516/%e3%80%90%e5%85%a8%e7%90%83%e5%a4%a7%e6%8a%97%e7%96%ab%e3%80%91%e6%89%8b%e5%a5%97%e9%9c%80%e6%b1%82%e8%bf%98%e4%bc%9a%e6%b6%a850-br%e9%ab%98%e4%ba%a7%e6%9f%85%e5%93%81%e5%b7%a5%e4%b8%9a/

@joyvest, you bought back ?

As uncle said, this counter given the lowest PE among other glove counter @ 22x (RM 1.27) while supermax at 31.48x , Harta 62x , Top Glove 48x , Kossan 32x . (Average PE of big 4 is 43.37). IF comfort can achiever min of 30PE, current price would have RM 1.73, if at 40x PE would be RM 2.3. In conclusion, this counter have more upside potential and lower risk, dont forget we have X-factor in this counter which is uncle koon, he will occasionally release some technical and fundamental to support those counter he holds, could lead to further pricing stimulation. for those who has sold it, now it's still a good time to get it back before too late.

https://www.investing.com/indices/us-30-futures

busyweekly8888 , if there are no postpone of COD and Covid-19 concerns, the expected price should be around RM 1.91 (before less 41% of earning). In my opinion both of this concerns are just several months away from today date, we can expect price will be trending north after all these issue has been cleared.

I think his TP is typo error at RM 3.25 to RM3.35 is too far form current price standing at RM 1.29 for technical analysis point of view. What you guys think of this ?

Nothing will happen today guys

If you managed to buy cheap tomorrow, you just have to thanks them those seller by letting a good value stock cheap to you. Last time i managed to grab some at RM 1.18 during Iran - US bomb strike to reduce my average price.

@ OTB, your first TP of RM 1.86 is by February 2020 or 2021 ?

Today closing quite promising at 1.52 - 1.53, hopefully tomorrow can continue the momentum to breakout 1.55. In fact, the current chart formation is very similar to MFCB earlier on.

RM 1.51 is weakening, can i still buy at this price?

Many people waiting to break 1.5 and 1.51, once it broken it will shoot up further more, 1.50 will turn into support.

@DK66, JR is categorize as construction segment stock, however MFCB is utilities stock. Do you think different industrial segmentation would impact on the share price even they are engaged in similar projects? Is there a possibilities where JR switching from construction to utilities segment?

Even if you take the most conservative valuation but still give you RM 4 valuation price. At of today price at RM 1.45 it just a huge bargain!

Thanks a lot, I think this would be a question to ask in AGM.

Have you thought of which project / construction works would be focusing on after completion of Hai Duong power plant?

@moneycashrich, it is normal when the price goes up rapidly and profit taking. If you aim for long term then shouldn't be worried about.

1.5 is huge resistance, very tough to break

Furthermore, you cant compare construction stock with Tech stock due to apple to orange is not comparable. Tech stock tend to be high expectation on future earning from investor lead to higher PE.

@steady 31, as you can see recently market affected by trade war, Wuhan virus , missile attack and so on, investor tend to be more conservative at this point. However if you observe the price chart since Oct 2019 until today which is actually trending positively.

I believe utilities stock will still benefited with consistent in demand despite poor market sentiment as electricity is a necessity goods.

@klsetitan, sometime market sentiment can make the rational people become irrational. For those who are understand the company prospect and fundamental will win big as always.

@ryong92, you but a lot on this counter?

Actually in this rally is very dependent on how serious of the virus. There are conflicts in between greed and conscience. If share keep getting higher = more people die

If today can hold above 1.4. Next week gonna 1.5 no issue

Today buy rate% at "0"%, I think people cash out for cny. After cny will back to green which will be next week.

What is the best moving average analysis for this counter within 3 to 6 months? (I meant it could be 9 / 10 / 30 / 50 / 120 days etc)

https://www.thestar.com.my/business/business-news/2020/01/01/touch-n-go-ewallet-to-double-users-and-merchants-in-2020#cxrecs_s

@Yao, as stated by CEO, currently the largest competitor is GHL. The threshold of doing this business is very high is because of licensing from VISA MASTER, since this is cash less transaction all related to fund transaction would required high security incorporation certification. Once the license is approved, then you have to send it to Bank Negara for approval as it take a lot of verification to get it done and it take a very long time.

In my opinion, since Revenue is able to incorporate with Banking industry (8 banks) which is what they currently doing, as you know banking industry has the highest number of transaction and complexity policy to be complied under BNM compare to other industry. I strongly believe Revenue will get more business opportunities from other industry in near future, thanks to huge confidence boost by corporation with banking industry.

In order to increase the volatility Director have to let go some of their share through certain way such as sell to public, fund institution , KWSP etc. In fact, director has issued 2 times of bonus issue in Yr2018 and Yr 2019 respectively in order to increase volatility , another reason is to attract more new investor to buy their share (as public would think price are cheaper now but work well in KLSE). To sustain the share price, Director better not to sell in the public as it would affect the share price, that's why they let go their share to fund institution instead.

As stated by CEO : In July to November 2019, CEO and other directors sold off their share to Kenanga (fund institution) in order to strengthen the share price stability and increase price flow, if fact directors are sad to let go their share, as they knew the prospect and future of the company goanna be. (In another words, they know future price is worth a lot more)