Hengyuan crashed because oil crashed. Covid-19 haven't settled yet. Got vaccine also, doctors still need to use glove to give vaccine shots.

Hahaha... Some mangkuk go sell cheap.

Today closing... 5.88
Kasi nombor cantik!

I think C88 is flying because it is the cheapest warrant but very high premium already.

Thank you and well done freetospeak.

Eh... Where is joyvestlah? I asked about Genting terus senyap.
Dia senyap, superman naik balik!
All these man don't like nagging people lah
Kikikiki....

Roslan67 bro... Relax. The big boys are piling/accumulating now. Soon will go up. Just my humble opinion.

We know already you don't like gloves. Let's talk about something that you like... Genting. That would be more interesting.

We don't mind one. Pls share with us Joyvest...

Pls joyvest! I beg you! Pls share with us. Why you chose Genting?

@DJoker89, Montana sounds promising. Might scare the hell out of Corona.

joyvest oh shit, i just enter genting with huge lots ............
_______________________________________________
Jokes aside, joyvest really smart in choosing counter.

Joyvest, pls share with us why you choose Genting?

What happened to Moderna? No more already ah? Why AstraZeneca pula? Think people think.

joyvest oh shit, i just enter genting with huge lots ............
_______________________________________________
Jokes aside, joyvest really smart in choosing counter.

Joyvest, pls share with us why you choose Genting?

Under these circumstances, however, the demand for protective gloves is expected to remain robust, with the Malaysian Rubber Glove Manufacturers Association (“MARGMA”) projecting global glove demand to grow
to 345 billion pieces in 2020 (2019: 298 billion pieces), out of which 65% is expected to come from Malaysia, with Thailand and China at 18% and 9% respectively. Malaysia is expected to export 225 billion pieces of gloves valued at RM20bil in 2020 compared with 170 billion pieces worth RM17.4 billion in 2019. (Kossan, NOTES1QTR2020)
_______________________________________________
2020---> 345 billion gloves needed worldwide (glove demand is expected to increase by 10% every year)
Malaysia gonna export 225 billion (valued at RM 20 billion)

Supermax production capacity 26 billion (in 2022 this will increase to 38.18 billion gloves)

Supermx revenue (expected) = 26÷225x RM 20 billion = RM 2.3 billion revenue.

Profit margins (3Q2020) = 71÷447 = 15.9 %

Expected profit for 2020 = RM 2.3 billion x 15.9%
= RM 365 million

Minimum EPS = RM 365 million ÷ 1360 million shares = 26.86 cents

If p/e 25, then then share price go up to RM 6.71

If p/e 30, then then share price go up to RM 8.05

If p/e 35, then then share price go up to RM 9.40

If p/e 40 (industry average), then then share price go up to RM 10.74

Next wave coming soon. Superman will fly above 5.90 possibly touch RM 6 before lunch. Lets see...

Relax... Stay cool.

@kenie
because RHB knows its a trap!

Ya bro... You're are the trap... Kikiki

@jonny cash
https://www.businesstoday.com.my/2020/05/21/supermaxs-4q-results-to-beat-doubled-3q-earnings-says-rhb-retail-research/

TP by RHB RM 6.08

The mega block at 5.40 will disappear once collection is done.

Riverstone
1Q2020 : 46.6
1Q2019: 30.2
Increase 54.3%

Harta
4Q2020: 116 million (+ 36 million Forex loss = 152 million)
4Q2019: 90 million
Increase : 27.9 % (68%)

Supermax
3Q2020: 71 million
3Q2019: 35 million
Increase : 105.3 %

Riverstone and Hartalega being oem players managed to increase PAT as much as 54-68%.

As for Supermax, PAT grew as much as 105.3 %.
This is the power of OBM.

Chief999,
Just predict by looking at the daily chart showing hourly share movement.
Looks like a flag formation.
Just a guess only.
TA people usually predict based on weekly or monthly chart.
Correct me if l am wrong.

Looking at hourly chart, a flag breakout is in the progress. May reach 5.70. just a will guess. Let's see....

@freetospeak
Very similar calculations. Very possible to achieve.

@freetospeak
Q2 (oct-disember 2019) they made 30.3 million.
Q3 (jan-march 2020) 71.1 million
Number profit came on march onwards = 70.1 million - 30.3 million = 40.9 million

So, coming q4 (April to may) = 40.9 million × 3 + (30.2 million normal profit) = RM 152.9 million (11.24 eps)

Sum up all four quarter (July 2019-jun 2020) = 1.89+2.31+5.42+11.42= 21.04

My calculation may be too optimistic I guess
Hahaha...

Big boys are in now. Big lots being bought.

The prospect from Distribution, Manufacuring of Gloves and Contact Lens divisions remain
robust and we are optimistic that Supermax’s Own Brand Manufacturing (OBM) cum
Disribution business model yields better returns than the traditional OEM model when
demand spikes exponentially.

At that production capacity and supermx's OBM business model, Supermx can simply earn in the range of 120 to 150 million ringgits per quarter. This is massive.

Yes chief999, if 2021 the 2 new plant can start production means, really can overtake Hartalega if Hartalega didn't increase capacity.

Current production capacity

Topglove 74 Billion
Harta 35 billion
Kossan 29 billion
Supermax 26.18 billion

By 2022, Supermx will overtake Hartalega's current production capacity.

Wow!

Towards the end of 2019, the Company had completed the acquisition of a piece of land in
Meru, Klang on which it plans to build 3 new plants. On March 11th, 2020, the Company had
also entered into an agreement to purchase another piece of industrial land in Meru, Klang, on which the Company plans to build plant #16. Construction work has already commenced on 2
plants and work on a 3rd plant would commence soon.

The 3 plants would add 12.0 billion pieces per annum to the Group‟s installed capacity from
26.18 billion gloves to 38.18 billion gloves when these 3 plants have completed commissioning
and in commercial production fully by CY2022. The Group will invest total Capital Expenditure of RM715 million & this amount has been budgeted to boost Production Capacity.

_______________________________________________
By year 2022, Supermx production capacity will increase from current 26.18 bill to 38.18 billion

Last quarter eps 5.42. Next quarter eps may double to 10.8. Sum up four quarter (1.89+2.31+5.42+10.8) is 20.42.
P/e 30 means, the share price can easily reach RM6.

Marvelous result today. Congratulations to all. Tomorrow easily can cross RM 5.

@wondering
Hahaha... My target was 4.75. today reach 4.59 only. Banyak malu lah....

In my opinion, there are accumulating and doing sudden drops to frighten people. Ultimately, they will push it up. My target is 4.75. possibly after 4pm. I could be wrong. If right, make more profit. If not less profit. Hahaha. Decide for yourself : )

East to the west, joyvest is the best.

Hahaha... Joking only man. I am happy for you.

Relax McChicken... Don't cum first.

@Jack Khan
Kenaga already upgraded the tp from RM 4.50 to RM 6.00.

Wow... Thank you investopology.

By the way, last night Mr Ooi Teik Bee sent out his weekly share recommendation circular to all his subscribers. His target price for Comfort is Rm 5.56.

_______________________________________________
If comfort is RM 5.56, how about Supermax?

@Jack Khan
joyvest succeed in asking all sell him at 2.25 yesterday
_______________________________________________
I think joyvest is a girl lah not a boy.

Come joyvest... Sing with me

Up up we go
Slowly steadly with superman
Merrily merrily, merrily, merrily
RM 6.00 is not a dream.

Let's sing together with the rhyme of
'Row Row Row Your Boat'

@freetospeak
maxam becomes pak maxam already...like pak tua loves to sing song..lol
_______________________________________________
Hahaha...yeah loh terjebak dengan Pak tua already.

Let's support superman with a song.

Up up we go
Slowly steadly with superman
Merrily merrily, merrily, merrily
RM 6.00 is not a dream.

Let's sing together with the rhyme of
'Row Row Row Your Boat'

Wow...Harta flying man! May be it's qr is not that bad after all.

I think collection is almost done.

Joyvest is here not to invest but to entertain us. Hahahaha...

They want to play with it before letting it fly.

Topglove is turning green any moment.

Almost 500000 shares bought at 4.41. hmmm...