Top Glove Corporation - Overhang Removed with Ban Uplifted
Date: 13/09/2021

Source : KENANGA
Stock : TOPGLOV Price Target : 5.40 | Price Call : BUY
Last Price : 3.28 | Upside/Downside : +2.12 (64.63%)

Top Glove Corporation - Overhang Removed with Ban Uplifted
Date: 13/09/2021

Source : KENANGA
Stock : TOPGLOV Price Target : 5.40 | Price Call : BUY
Last Price : 3.28 | Upside/Downside : +2.12 (64.63%)

PublicInvest Research Headlines - 8 Sept 2021
Date: 08/09/2021

Source : PUBLIC BANK
Stock : HARTA Price Target : 7.80 | Price Call : BUY
Last Price : 6.30 | Upside/Downside : +1.50 (23.81%)

Supermax Corporation - FY21 Inline With Expectations
Date: 27/08/2021

Source : KENANGA
Stock : SUPERMX Price Target : 5.00 | Price Call : BUY
Last Price : 2.73 | Upside/Downside : +2.27 (83.15%)

Supermax Corporation - FY21 Inline With Expectations
Date: 27/08/2021

Source : KENANGA
Stock : SUPERMX Price Target : 5.00 | Price Call : BUY
Last Price : 2.73 | Upside/Downside : +2.27 (83.15%)

Top Glove Corporation - Overhang Removed with Ban Uplifted
Date: 13/09/2021

Source : KENANGA
Stock : TOPGLOV Price Target : 5.40 | Price Call : BUY
Last Price : 3.28 | Upside/Downside : +2.12 (64.63%)

PublicInvest Research Headlines - 8 Sept 2021
Date: 08/09/2021

Source : PUBLIC BANK
Stock : HARTA Price Target : 7.80 | Price Call : BUY
Last Price : 6.30 | Upside/Downside : +1.50 (23.81%)

Top Glove Corporation - Overhang Removed with Ban Uplifted
Date: 13/09/2021

Source : KENANGA
Stock : TOPGLOV Price Target : 5.40 | Price Call : BUY
Last Price : 3.28 | Upside/Downside : +2.12 (64.63%)

PublicInvest Research Headlines - 8 Sept 2021
Date: 08/09/2021

Source : PUBLIC BANK
Stock : HARTA Price Target : 7.80 | Price Call : BUY
Last Price : 6.30 | Upside/Downside : +1.50 (23.81%)

hold until next year will profit big

PublicInvest Research Headlines - 8 Sept 2021
Date: 08/09/2021

Source : PUBLIC BANK
Stock : HARTA Price Target : 7.80 | Price Call : BUY
Last Price : 6.30 | Upside/Downside : +1.50 (23.81%)

Top Glove Corporation - Overhang Removed with Ban Uplifted
Date: 13/09/2021

Source : KENANGA
Stock : TOPGLOV Price Target : 5.40 | Price Call : BUY
Last Price : 3.28 | Upside/Downside : +2.12 (64.63%)

hold until next year

hold for long term

Shorties cannot cover their short position as no one want to sell at this ridiculous low price. So come out alot of nonsense try to scare away the weak holder

If u can hold until next year, this price is super cheap.

but if u use margin, then have to think twice b4 buy in

buy cheap price now and collect high dividend

buy at cheap price now and hold until next year

next year go back 5 and now enjoy high div

haha

next year price go back 5, now get high div why not. haha

buy more for high div haha

buy more and keep for high div, div yield is much better than FD in bank.

i am waiting my 15c div and hope another final div 15c

haha

Repost

@pjseow Many IBs started to project ASPs from the current peak of US 87 to US 48 in 2022 to US 30 in 2023 . Some even predicted US 26 in 2024 . Based on Frost and Sullivan Research , the Nitrile glove ASP s are a Bell curve with the followings .

CY 2019 US 23.1
CY 2020 US 38.0
CY 2021 US 85.1
CY 2022 US 53.5
CY 2023 US 35.1
CY 2024 US 30.5
CY 2025 US 27.2

FY 2020 ( July 2019 - June 2020 )

Revenue = 2131 millions
PAT - 526 millions
Capacity = 24 billions per year

Nett Margin = 526/2131 = 24.7 %
Blended ASP = 2131/4.2/24/0.85 = 24.9


Based on the above Actual and FACTUAL Data ,Supermx FY 2020 blended ASP was US 24.9 which will give a Net margin of 24.7 % .
With capacity of 24 billions , it generates a PAT of 526 millions
With simple maths , a capacity of 48 billions will generate double the profits to 1052 millions .

i am waiting to collect 15c dividend

no need to argue with those "bendan"

i got 13c last div, get another 15c div again next two days

haha

Citade, go home to learn ur math from ur child

1) 3.55 - 0.13 = 3.42 - 3.12 = paper loss 30c
0.30 / 3.42 = 8.7%

2) i am not going to sell, so what to loss

pity u even can't calculate simple m

if final div another 15c

wah total 43c/3.55 = 12%

my ave cost 3.55 i got last dividend 13c, plus coming div 15c

25c/3.55 = 7.8%

good dividend yield

i like it

good dividend, happy to collect good yield dividend

PJseow , your analysis make sense. thanks

i believe supermax will reward shareholder good dividend.

CIMB give kossan FY23 PE 16

How others IB give supermax PE 5 ??

答：高产柅品次季净利按年飙高712.50%、按季微扬2.2%，尽管手套平均价预计第三季后走低，分析员各调低今年财测4.7至8%，却基于手握强劲现金与慷慨派息，加上手套均价下跌已从近期股价下跌反映，评级仍保持正向。

该公司次季净赚10亿6484万7000令吉，首半年净利飙975.60%至21亿零667万令吉，肯纳格研究表示，目前的手套均价反映人们对未来几季价格太过看淡，手套业者短至中期仍可从马币兑美元走疲受惠。

该集团管理层预测手套平均价渐进式走低，疫情后需求持续强劲使得订单持续至今年尾，规划的产能扩张在10月、11月与12月继续；3家新厂将使2022年装置产能，从每年的320亿个手套，增长33%至424亿个。

肯纳格认为，高产柅品手套均价下跌，已从其股价反映；基于销量不如预期，调低这个财政年净利8%，把目标价从5令吉84仙调低至5令吉，然而保持明年财测。

联昌研究也预期，从第三季起净利按季走软，然而却比同业少受压力。

基于封锁期间展延产量扩展，以及上述种种因素，联昌调低高产柅品今后3个财政年财测4.7%至15.3%；每千个手套价今后依次为73.4、38.2和29.4美元。

然而，联昌基于高产柅品对比同侪折价19.4%，截至6月杪有16亿令吉强劲现金流，这个年度预计慷慨派息（最高周息率18.1%对比同侪平均13.9%），今年预测派50仙股息，因而维持“加码”，依据2023年本益比16倍，把目标价从4令吉20仙下修至4令吉。

buy now 3.1 and keep for fat cash dividend

me too

MM u r not showing any "numbers" or analysis and just say nonsense,

u r purposely want to mislead ppl to sell at loss. ur intention is bad.

i wont waste my time to talk to u. haha

supermax had profit record for past 20yrs, MM u got what record to show ppl? haha

Stealth, Cheers!!

i am happy to "stuck" in supermax and get fat cash dividend every quarter. haha

if coming next 3 year u get cash dividend total RM 1 (33cents / yr), mean ur cost will be only RM 2.1 after 3yrs.

If EPS after 3yrs drop to 20cents, PE only 10x.

Yearly profit RM 519mil will contribute EPS 20cents, quarterly only RM 129Mil, monthly RM 43Mil.

Last Q monthly profit around RM 320Mil per month (ave). RM 3.1 is so cheap, shd buy more.

i use my money to buy supermax, so if you have no money to buy supermax then keep your mouth shut.

buy more if drop below 4 and keep for 2yrs

if drop to 3.50, then add some again

Warren Buffett once said that it is wise for investors to be “fearful when others are greedy, and greedy when others are fearful.”