b) ASPs Continue to Increase

The Average Selling Prices (ASPs) are continuing to trend upwards and the highest ASPs

have not been reflected in this current quarter.

Demand Continues to Increase & Supermax is in Oversold Position

Demand Continues to Increase & Supermax is in Oversold Position

Demand Continues to Increase & Supermax is in Oversold Position

Supermax Prospects

Glove Division

a) Demand Continues to Increase & Supermax is in Oversold Position

The demand for gloves as a personal protection equipment has heightened as the world

fights the COVID-19 pandemic. We are seeing the emergence of new consumers and new

consumption not previously

Additional Production Capacity and Increase in Average Selling Prices

Additional Production Capacity and Increase in Average Selling Prices

take note

SUPERMAX CORPORATION BERHAD Q1’2021 RESULTS Dated 27 October 2020

ANALYST BRIEFING SLIDES Slide #4


Note:

• Q1’2021 is still not the best quarter

• The best quarter would be in the Next Few Quarters with Additional Production Capacity and Increase in Average Selling Prices from both Manufacturing and Distribution

Medical gloves are now five times more expensive

Medical gloves are now five times more expensive

Medical gloves are now five times more expensive

Today tomorrow Up or down will not change the fact

Growing concern over shortage of medical gloves amid pandemic

https://www.nbcnews.com/nightly-news/video/growing-concern-over-shortage-of-medical-gloves-amid-pandemic-94964293524


$1 million worth of gloves were stolen from a Florida warehouse this week. Medical gloves in South Dakota are now five times more expensive, as public health officials fear a looming shortage.

global shortfall of more than 200 billion

global shortfall of more than 200 billion

global shortfall of more than 200 billion

Today tomorrow Up or down will not change the fact

https://www.nbcnews.com/politics/politics-news/trump-admin-woefully-behind-stockpiling-medical-gloves-covid-19-surges-n1245298


Trump admin is 'woefully behind' in stockpiling medical gloves as Covid-19 surges
Nitrile gloves are critical for frontline medical workers, but experts say the U.S. is poorly positioned to get ahead of a global shortfall of more than 200 billion.

(Updated: 06 Nov 2020 11:35AM)

US COVID-19 cases climb by record for second day in a row, up over 120,000

https://www.channelnewsasia.com/news/world/us-covid-19-cases-climb-by-record-for-second-day-in-a-row-13476420

WASHINGTON: COVID-19 cases in the United States surged by at least 120,276 on Thursday (Nov 5), according to a Reuters tally, the second consecutive daily record rise as the outbreak spreads in every region.

US cases have risen by over 100,000 for three out of the last seven days, putting pressure on hospitals in several states and causing families to rethink their plans for Thanksgiving dinner on Nov 26.

This month Supermax will be confirmed as KLCI index stock using data from the close of business day on Nov 23

To adhere to policy, Local Funds, Foreign Funds, ETFs, etc. must move money into Supermax to re-balance their portfolio

Say as little as 15% from Harta + 10% from Topglov + (10% from outgoing and other existing index stocks?)

= RM 62,314 Million x 15% + RM 68,335 Million x 10% + RM (0)

= RM 9,347 Million + RM 6,834 Million + RM (0)

= RM 16,181 Million


RM 16,181 Million + RM 25,982 Million = RM 41,806 Million

RM 42,163 Million / RM 25,982 Million x RM 9.55 = *** RM 15.50 *** Supermax fair value

1. The Higher The Better:

a. Earnings Per Share (EPS)
Supermax 30.58 sen
Harta 15.95 sen
30.58 / 15.95 = 192% Supermax is Higher *** Double of Harta ***

b. Net Profit Margin
Supermax 60.07%
Harta 40.84%
60.07% / 40.84% = 147% Supermax is Higher *** 1.5 Times of Harta ***

c. Profit After Tax
Supermax RM 812 Million
Harta RM 549 Million
RM 812 Million / RM 549 Million = 148% Supermax is Higher *** 1.5 Times of Harta ***

d. Net Cash On Hand
Supermax RM 2.36 Billion
Harta RM 1.65 Billion
RM 2.36 Billion / RM 1.65 Billion = 143% Supermax is Higher *** 1.5 Times of Harta ***



2. The Lower The Better:

a. Number of Shares
Supermax 2,721 Million
Harta 3,428 Million
2,721 Million / 3,428 Million = 79% Supermax is Lower than Harta

b. Trade Receivables
Supermax RM 248.4 Million
Harta RM 575.6 Million
RM 248.4 Million / RM 575.6 Million = 43% Supermax is Lower than Harta



Therefore,

Harta Market Cap / Supermax Number of Shares

= RM 62,314 Million / 2,721 Million Shares

= *** RM 22.90 *** is the Fair Value for Supermax

Each rubbish word trolls type EVERY MINUTE trolls are trolling, Supermax is ALREADY making ≥ RM 8K to 10K for loyal shareholders

Supermax is ALREADY earning ≥ PAT Half a Million ringgit EVERY HOUR while you’re trolling

Supermax is ALREADY making ≥ Profit After Tax RM 10 – 15 Million EVERYDAY while you’re trolling

Assuming Supermax OBM-X business model
• No more increase of ASP
• No more increase of Stunning net profit margin 60.07% (PBT Margin 77.6%)
• No inclusion into KLCI sure command higher PE valuation
• No Beyondmask in Canada No other PPE income
• No increase of new line production
• No increase of exports of production under own brands own distribution centres
• No expansion in UK and US
• No dual listing on SGX
• No increase of Net Cash whopping RM2.36 billion to next QR possibly 4b


EPS/Qr___Forward4Q___EPS/Yr______P/E______Fair Value______Fair Value discount 30%
30.58______4.00______122.32______20.00______RM 24.46______RM 17.12

30.58______4.00______122.32______25.00______RM 30.58______RM 21.41

30.58______4.00______122.32______30.00______RM 36.70______RM 25.69

30.58______4.00______122.32______35.00______RM 42.81______RM 29.97

30.58______4.00______122.32______40.00______RM 48.93______RM 34.25

Even uncle KYY also know how to appreciate Supermax, much better than those low class lousy “analysts”


Supermax: my revised target price - Koon Yew Yin

Publish date: Wed, 28 Oct 2020, 9:04 AM

https://klse.i3investor.com/blogs/koonyewyinblog/2020-10-28-story-h1535506589-Supermax_my_revised_target_price_Koon_Yew_Yin.jsp



In view of its latest announcement I need to revise my target price.

Total EPS Rm 1.736 for the year. Based on P/E 15, my target price is Rm 26.00.

I believe my target price of Rm 26 is achievable because my assumption of its 25% increase in quarterly profit is quite conservative.

1. Some worries ASP increasing is not sustainable for OBM-X Supermax

then why you think ASP increasing is sustainable for OEM Harta, Kossan & Topglov and value them such high PE??


• In fact, after a few years of higher ASP consumers will be conditioned to the new norm prices already.
I have never seen my favorite Teh C Gao price goes down after its ASP gone up and up.


2. Some say Post-COVID, the customers (the Distributors/Dealers aka the middlemen) will abandon Supermax

Hey, hello, Hello, wei, Supermax OBM-X business model own brand Own Distribution Network ok??

Eliminated all the middlemen take all the profits ok??

Directly supply to end customers ok??

Supermax even build Glove factories in US and UK supply to local governments Hospitals clinics ok??
Supermax has already supplied Millions of Facemasks to Canada government, will contribute profit to next QR ok??

Ok ok

We already knew

Due to Supermax’s Unbelievable too good to be true Stellar performance

Despite Supermax
The Highest EPS → Double!! of Topglov & Harta
Phenomenal Profit After Tax Margin → 60.07%!!! (PBT Margin 77.6%!!!)
The Highest Net Cash → RM2.36 Billion!!!
Exponential Growth!!! and Strategic Expansion Plans!!! Super Bright Prospects!!!

but Market undervalues Supermax at such Ridiculous Low PE = 19

Harta PE = 62 Absurdly High
Kossan PE = 61 Damn Expensive
Topglov PE = 37 Double of Supermax


Obviously market values the other big 3 Forward (taken into account future PAT not yet reported) considered all the good factors

but the Market is Double Standard, Biased against Supermax and values it Backward (taken into account only the PAT Supermax ALREADY reported) ignored all the good factors


Ok never mind, we accept this Unfair valuation for a moment

Backward 4 quarters = 30 (Oct’19-Dec’19) + 71 (Jan-Mar) + 400 (Apr-Jun) + 790 (Jul-Sep) = RM 1,290 Million PAT

By end of December (October has accomplished)
<Assuming no further ASP increase, No production increase, No Facemask and other PPE income, No KLCI inclusion, etc.>

then Backward 4 quarters = 71 (Jan-Mar) + 400 (Apr-Jun) + 790 (Jul-Sep) + <790> (Oct-Dec) = RM 2,050 Million PAT

PAT RM 2,050 Million / PAT RM 1,290 Million x RM 9.55 = ***** RM 15.18 ***** to keep Supermax at such Ridiculous Low PE = 19

Even if 3 months later Market is still Blind, still Biased, still Unfair, still Undervalue SUPERMAX

Some say just use 10-20% of money to play short term ok

Better don’t.

The 10-20% short term up Down or Up may eventually influenced you made wrong decision due to fear greed drag down your other 80-90%

You think you better than the Syndicates Sharks?
You better than Professional Traders from around the world?
You better than Crook Evil IBs who may even holding your portfolio monitoring your moves?
You better than Robotic High Frequency Proprietary Computer Trading Program?

Day trading short term trading very tiring at the end make money also small money

Probably only 1 out of 10 can make big money by day trading short term trading – that only 1 is a Robotic High Frequency Proprietary Computer Trading Program with no emotion involved at all

Syndicates Sharks can easily Throw Down or Push Up a few bids to lower/higher TA Support/Resistance levels to trap to trick you

Because they know you are reading the chart to buy sell in out in out day trading short term trading

They also know you listen some Facebook Live Sifus tips for trading

Punish those trading platforms all of a suddenly hang system down

Regulate crook evil dirty IBs forbid them abruptly change share margin finance cap

Take legal actions on those goreng stocks hired ulterior motive online media newspapers blogger spread fake new rumors

Require crook evil dirty IBs to declare all the Conflict of Interest shareholdings before and after upgrade Downgrade

No need to organize these meaningless events

Ban all structured warrants then market will be healthy retail investors will be back

Bursa is the one allowed all the structured warrants issued by crook evil dirty IBs killed all the retail investors

Is this a joke??

ok Happy trolling ya Hahahaha

Each rubbish word trolls type EVERY MINUTE trolls are trolling, Supermax is ALREADY making ≥ RM 8K to 10K for loyal shareholders

Supermax is ALREADY earning ≥ PAT Half a Million ringgit EVERY HOUR while you’re trolling

Supermax is ALREADY making ≥ Profit After Tax RM 10 – 15 Million EVERYDAY while you’re trolling

If Biden wins, he’ll announce this good news as his quick win as the New President of USA, part of his Covid-19 fight plan


Supermax:

i) Allocation of US$300 million in Glove Manufacturing in USA for Phase #1 &
US$250 million for Phase #2.

If Trump wins, he’ll announce this good news as he brings more jobs to the Americans, Make America Great again

Supermax:

i) Allocation of US$300 million in Glove Manufacturing in USA for Phase #1 &
US$250 million for Phase #2.

His hobby is to screw China further deeper escalate Trade War

Mess up global trade to another level, Tariff, Tariff, Tariff

Don’t think you can escape, USA will also ban all the countries used by China as transshipment hub

He didn’t really care about vaccine before re-election

He definitely will not care after re-elected.

If Trump wins you can forget about expediting development of vaccines

Because he already got his 2nd term

He has no more re-election pressure

He will not care if additional 10 million new cases and another one million American deaths

You can forget about wearing face mask, physical distancing, wash hands, etc. sop in USA

China low cases is
not because their “vaccine” is effective,
it’s because they lockdown fast and mass testing as soon as several cases are detected

Indonesia: Doctors advise not to rush for Covid-19 vaccine

https://www.thestar.com.my/aseanplus/aseanplus-news/2020/10/24/indonesia-doctors-advise-not-to-rush-for-covid-19-vaccine-as-death-toll-hits-above-13000-and-total-now-almost-396000

@ kltower will update you all on Russia “vaccine” soon

Do you think Government and Rakyat will let you profit more than 5%??

The ceiling price set for the Covid-19 vaccine offered to Malaysia under the Covax facility is US$21 (RM87.50) each, he added.

they say dirty politicians should try any vaccine first

If the Politicians are ok then the Country is safe

If the Politicians die then the Country is safe