Our Ringgit might weaken to 4.4 against a US Dollar.
----------------------
https://www.theedgemarkets.com/article/ringgit-faces-weakening-risks-44000-against-us-dollar-%E2%80%94-dbs

Aiyo , last one hr 15 messages from IM , MM , CTDL ...panic buy back to cover shorts.

Demand for gloves to stay strong
----------------------------------
https://www.thestar.com.my/business/business-news/2021/08/12/demand-for-gloves-to-stay-strong

Nike from US had been violating forced labour issues for decades. Did US ban Nike ?

https://www.newidea.com.au/nike-sweatshops-the-truth-about-the-nike-factory-scandal

Below are the earning yields ( EY ) for last for 4 rolling qtrs of
selected stocks for your reference .

Earning Yield = Total Annual EPS / Share price

FD 2 % per annum

Supermx 47.6 % ( assuming coming qtr 1 b profit )
Kossan 37.3 %
Topglove 28.0 %
Harta 21.4 %

MPI 2.6 %
MR DIY 1.9 %
Greatech 2.1 %
Inari 2.8 %
MFCB 9.4 %
Panamy 6.0 %
Uchitech 6.1 %
UWC 1.4 %

I have computed supermx earning with 48 billions capacity and ASP at US 30 per 1000, the EPS is 53.3 sen . At current price the Earning yield is
17.2 % which is still higher than the current EY of the 8 popular non glove stocks listed above . In my opinion , Supermx is the most undervalued stock in the whole of KLSE .

With both Harta and Kossan reported better and record profits last QR due to higher shipments and ASPs ( Harta 13 % higher and Kossan 7 % higher, we can expect Supermx to deliver more than 1 b profits. With the 1 b profit , supermx FY2021 is about 4 b which.is about 147 s eps. With the current price of 3.09, the EY or Earning yield is 48 % 。Harta and Topglove has a 60 % and 50 % dividend policies respectively. Assuming supermx has a 40% Dividend policy, the DY will be 48x 0.4 = 19.2 % . This is way above the 2 % FD yield and the 3.3 % borrowing cost. I will be using my overdraft to top up more supermx shares if shorties sell below 3.00.

Supermx Own Distribution Division has been making 30 to 35 % of its total profits since End June 2020 Qtr from ASP of US 30 to last qtr US 86 . This means that the Distribution profits is about 50 % of manufacturing or factory profits. Supermx differentiate itself from other glove makers with this additional earnings .

OBM.will.take effect only if asp high? who tell you that? IM ,MM GO or GF or CTL ?

--------------------------
Habisgl0ve Of course won't habis, cause too much supply.. asp too low, obm will take effect only if asp high
10/08/2021 10:29 AM

A lot of cost ? How much.?

-----------------------
Habisgl0ve Obm actually has a lot of cost as well.
10/08/2021 10:30 AM

GF, You should go and earn your living through fortune telling. Based on which Astrology that make you predicted all the glove counters prices got stuck long term and cant go up already?
--------------------------------
glovefinish So what? All the glove counters prices long term stuck and downwards at low level can't go up high already. These are the facts presented by Mr. Market which is always the right one.
09/08/2021 10:20 PM

There will be chip glut or oversupply of semicon chips next year when the semicon manufacturers added capacities this year and next years. Lets see if our analysts will downgrade the semicon sectors the same way they downgraded the glove sectors to PE of less than 5 .
---------------------------------
https://fortune.com/2021/08/03/chip-global-shortage-glut-semiconductor-supply/

MM, Why so ""kan chong "".You dont own any supermx shares . You also dared not bet . Cool down lah. Topglove came up result.very early last QR. Early doesnt mean good. Late doesnt mean.bad lah. Supermx may have too good future plans to announce. Must prepare responses to questions from.Analyst mah.

-------------------------------------------++++----------------1
MoneyMakers Must be bad QR delay..scared to release
09/08/2021 5:47 PM

Habisglove, Airasia was not a net.cash company. It gave huge.dividend by selling off AAC which owned the planes rather than through its earnings.
Now Airasia needs to lease the planes to fly .
Supermx has huge nett cash through earnings in the last 6 qtrs. Airasia has been losing few billions in the last 6 qtr while.supermx made few billions in the last few qtrs. Thete is a world of difference.

Tonee, agreed with you. We need only pts 4 , 5, 6, 7 to materialise , then supermx will fly 。

For Harta, the market dropped from 7 to 6.60 just before its last QR result was.announced. The market did not react positively to the doubling of profits before the rrsult was out.

------------------------------
Iamstilllearning This quarter Qr will be very bad. Market always react first.
I think around 500 mil to 700 mil only
08/08/2021 11:09 PM

Tonee, yes . agreed with you that supermx will most likely give out dividend every qtr. If supermx give out 50 % of the 8 b for the next 7 qtrs on average , it will be 21 sen per qtr. The dividend yield will be 84/310 or 27 %. At the end of 2022, the company still has 4 b cash in.hand after paying off the total 1.39 b for capacity expansion plus another 4 b as cash dividend.

-------------------------------------------
ToneeFa That's right pjseow, by end 2022 . However, with PAT of 1b, I would expect dividend issue at every qtr in FY22. At current price, div yield should be >15%. So if price drop lower then better yield. With RM weakening against USD going forward, the earnings will be even better. Rather than money sitting in FD, better park in high dividend yield stocks.
08/08/2021 5:25 PM

Toneefa, my projection is slightly higher than yours but I will use your numbers for easy computations.

Last QR cash in hand 3.999 b
Customers prepayments 1.044 b
Total June dividend payout 0.354 b

Nett cash balance 2.601 b

Earnings for the next 7 qtrs 6.50 b
Total cash 9.101 b

Balance capacity expansion 1.10 b

Nett cash 8.001 b

Nett cash per share 2.94

The nett cash is almost 3.00 by the end of 2022 assuming no dividend is given out and no other spendimg other than the capacity expansion to 48 billions.
If the share price is 3.00 , assuming supermx decided to give out all the cash of rm 2.94 per share as dividend , you are basically buying a debt free supermx share with 48 billion capacity for FREE.

Where can you find such.stock in.klse ?


----------------------------------
Jun'21- 1,000mil (projected)
Sep'21- 1,000mil (assumption)*
Dec'21- 1,000mil (assumption)*
Mar'22- 1,000mil (assumption)*
Jun'22- 1,000mil (assumption)+
Sep'22- 750mil (assumption)+
Dec'22- 750mil (assumption)+

Total Earnings 6.5 billions

There is a possibility that Malaysia will do an economy stimulus by printing money like what US did. Our exchange rate will drop to 4.5 or even higher . US dollars had already dropped relative to other currencies . Commodities prices quoted in.US dollars were already up substantially. The post pandemic prices will never go back to pre pandemic. It will be 40 to 60 % higher or US 30 to 35 per k pcs as projected by MAARGMA and the 2 biggest glove makers Topglove and Harta . Please read my analysis using US 30 as post pandemic ASP.
----------------------------------------------- https://www.freemalaysiatoday.com/category/nation/2021/08/07/dont-borrow-anymore-just-print-money-or-open-up-economy-govt-told/

The author made 2 assumptions which were unrealistic and incorrect

1. The assumption that supermx capacity remain unchanged or there is no capacity expansion.
2. The assumption that there is no earning from the Distribution.divisions which had been.contributing 30 to 35 % of total earnings sincebthe change of business model by getting rid of middlemen.
The assumption that the supermx annual revenue of 2 billions was way unrealistic because even if the ASP drop to US 24 which is pre pandemic price, the mfg revenue should be

24 x 48 x0.8 x4.2 = 3.87 billions.

If we base on latest consensus post.pandemic price of US 30 to 35 from Topglove and Harta management , the mfg revenue of supermx will be

30 x 48 x 0.8 x 4.2 = 4.838 billions

This is more than twice the author assumption.
------------------------------------------
glovefinish Topglove and supermx overvalued, refer the following :

https://youtu.be/ElsOToQM5Yc
07/08/2021 12:05 PM

Warning by DR Fauci on variants worsed than Delta.

https://www.independent.co.uk/news/world/americas/fauci-delta-variant-rise-warning-b1897563.html

Myinvestor, thks for the info. With 32 billion capacity, it is equivalent to kossan capacity. That means in 2H , Supermx earning will be 1.5x of kossan . The additional 50 % will come mainly from supermx distribution earning.
------------------------

PJ Seow, thanks for your updates. It could be 30-32b capacity if u include lot38, Sg buloh. 1.19

Rebuilding & Replacement of Old Lines
Lot 38, Sg Buloh
Capex 70.0m additional capacity 1.19b 2HCY20 (FY21)
Source Midf.
06/08/2021 12:27 PM

Tonee and Myinvestor,

THere is a possibility that supermx already has 30 billions p.a capacity by now from the newly added 2.75 b from plant 13 and 1.0 b from plant 14 . The last QR briefing did mentioned about such capacity add . The balance 6 billions will most likely be added in 2H making the total capacity to 36 billions which is higher than the present Kossan capacity.
By end of Sept 2021 , supermx might add another 3 billions and by end December by another 3 b making the total to 36 billions as committed by Supermx .
The 2H earnings will be boosted if this is the case . One billion per qtr earning will not be a problem for the subsequent qtrs barring any unforeseen circumstances . I think supermx workers will also be vaccinated as the other glove makers .

Below were the supermx briefing of last QR.
The key takeaways were :

1. The ASP s for end June qtr will be US 80 to 110.
2. As supermx sold its gloves under contractual basis, the ASPs for at least 2 subsequent qtrs will not be significantly impacted.

3. The demand will continue to be strong for the next 1.5 to 2 years.
4. New capacities from plant 13 ( 2.7 5 b) and plant 14 ( 1.0 b ) will be added to existing 26 b

--------------------------------

Key takeaways from Supermax’s 3QFY21 results briefing

Supermax’s 3QFY21 core net profit of RM1.08bn (+2% qoq, +1,420% yoy) was mainly due to higher ASP. 3QFY21 volume was impacted by plant closures due to Covid-19 cases which the losses are bigger than expected earlier (entire production loss in February). Revenue loss during the quarter is about RM313m (c.14% loss). Production is now back to normal.
Overall, management expected global demand to remain strong and will continue for the next 1.5 to 2 years. However, the increasing competition in the market will push prices on a downward trajectory.
ASP have reach a peak in the March quarter.
Supermax’s ASP starting to see a drop in 2Q2021 which is earlier than our expectation in 2H2021.
Blended ASP still rose in 3QFY21 = Jan: USD84.61 (+1.3% mom), Feb: USD87.65 (+3.6% mom), March: USD89.2 (+1.7% mom).
Going forward, nitrile ASP (factory level) for April - June is about USD80-110, while July onward deteriorating to about USD70.
Currently, spot prices are lower than contracted prices and Supermax’s current spot prices for shipment in June is slipping down to USD70-80. As Supermax mostly sells its products under contract basis (its spot <5% of total production), it is expecting that blended ASP will not be significantly impacted in at least next 2 quarters.
Large NBR capacity are seen coming from China and they are selling the glove at aggressively lower prices. This is believed to be the main reason for the downward trend of nitrile glove prices in the market.
Next quarters will see new capacity coming from plants 13 & 14. Overall, Supermax expansion plan will add capacity of 22.25bn pcs p.a. making a total of 48.42bn pcs p.a. by end-2022.
The company is in net cash position of RM3.7bn. They have declared a special DPS of 13sen in 3QFY21, bringing a total YTD DPS of 16.8sen.

Tonee and Myinvestor , based on the supermx briefing, below are their capacity expansion plans

Phase 1 ( by end 2021)
Plant 13 + 2.75 b
Plant 14 +1.00 b
Plant 15 + 3.75 b
Plant 16 + 1.375 b
Plant 17 + 1.375 b

Total + 10.25 b

Phase2 ( by end 2022 )

Plant 13 + 1.00 b
Plant 14 + 2.75 b
Plant 16 + 4.125 b
Plant 17 + 4.125 b

Total + 12.00 b

I supposed if they have started phase 1 of plant 13 production , they could have added 2.75 billion capacity . The total will be 26.175 + 2.75
= 28.925 b now.

Lets wait for the official anmouncement during the coming QR.

------------------------------------------
think you are right myinvestor, although there is no official news of the completion and commissioning of the Plant13 except in the aureliagloves website. I read somewhere that Plant14&15 capacities are 6b each. So Plant13 must be 10b. Means that Supermax is currently alrdy producing 36b capacity, just 8b behind Harta at the moment.
Pjseow, looks like Supermax alrdy overtook Kossan this qtr. With its OBM module, its earning will not be far from Harta in 1Q22 QR. What do u think?

Today infection hit record 20,596 cases. Totally out of control. Take good care. Pls get vaccinated ASAP .
------------------
05 August COVID-19 Cases Update https://newswav.com/covid19__en?s=A_Spi5bQh

I bought some Harta after it announced a super excellent result . Harta shipped 51 % more than last qtr . Total shipment was 6.7 x 1.51 = 10.117 billions pcs . With a revenue of 3.9 billions , its ASP was 3.9/4.15/10.117 = US 92.9 per 1000 pcs which is 13 % higher than its previous qtr ASP of US 82.5 per 1000 pcs.

Its utilization was 88 % which is a surprise since June was in MCO which allow only 60 % workforce . Based on its 44 billion capacity per year or 11 billions per qtr , the shipment is 9.68 billions . THe balance 10.117-9.68 =0. 437 billions came from its previous qtr inventory which was held back in the warehouse due to shortage of container .
Since both Harta and Kossan seems not really affected by the June MCO , can we assume Supermx will perform the same ?

Assuming a utilization of 88 % , supermx shipment is expected to be
26 /4 x 0.88 = 5.72 billions . Based on last QR briefing , the " lock in " ASP for the end June qtr is between US 80 to 110 per 1000pcs . Take US 90 as Average ASP , the earning will be projected to be

5.72 x 90 x 4.15 x 0.57 = 1.218 billions

Let's hope the coming QR will be another record qtr .

I and Observatory had calculated the value of Supermx based on US 24 per 1000 pcs after post pandemic . With the latest information from both Topglove MD and Hartalega management , the ASP will be slightly higher than the pre pandemic price at between US 30 to 35 for Nitrile during the normalised state after pandemic .
I just want to let the investors to have a feel of what type of earning supermx can expect when the blended ASP drop back to US 30 instead of US 24.
Assuming post pandemic starts in 2023 , capacity of 48 billions , margin of 20% ( I had proven earlier that a 15 % increase in ASP will double the earning ), utilization rate of 80 % and exchange rate of 4.2 .

The projected manufacturing earning = 30 x 48 x 0.8 x 0.2 x4.2 = 968 m

THe projected Distribution Earning = 968 x 0.5 = 484 m ( 50 % of mfg earning )

Total earning = RM 1452

EPS = 1452/ 2720 = 53.3 sen

Based on PE of 15 , Value of Supermx = RM 8.00

Based on PE of 18 , value of Supermx = RM 9.59

I do not add the RM 1 for the super earning for 2020, 2021 and 2022 which
added value to supermx as cash in hand , dividend and capacity expansion.

In my opinion, supermx deserved a higher PE post pandemic when the company has transformed into a net cash company with doubling of capacity and proven business model .


Disclaimer : THis is not a buy call or sell call . It is purely for information to serious supermx investors based on my assumptions .

It is silly to compare pandemic with CNY. The.CNY is fixed and will.be over after a few days. Has WHO declared pandemic is over ? Based on what Boston.said that the pandemic is over last year ?

MM and IM, Since when a stock is valued at such stupxxd method by both of you ? Which IB s use such method to value a stock . The professional methods of valuing a stock is either DCF or PE if there are earnings. If a stock.has no.earnings then they might use.NTA with some discounts. In terms of PE ,.supermx is the most.undervalued stock.with PE of only 2.59. With the coming QR which we.expect supermx to make more than a million, its 4 qtrs rolling EPS will be 150 sen. With the price of 3.1, the PE will be less than 2.1. With a huge nett cash of more than rm 1.5 per share, profit margin of more than 55 % and expected dividend yield of more than 10 % , PE of 2.1 overvalued?


------------------------------------
MoneyMakers Prepandemic (current)
———————————————
Harta - 5.5 (6.76 @ 1.2x)
Kossan - 2.1 (3.18 @ 1.5x)
TG - 1.5 (3.8 @ 2.5x)
Spmx - 65sen (3.1 @ 4.8x)

Supermx is 2x more overvalued than TG, 3x more overvalued than Kossan & 4x more overvalued than Harta

Basically, tomorrow even if Supermx drop 50% to rm1.55 - consider same valuation as TG & still overvalued than Harta/Kossan
04/08/2021 5:03 PM

In fact , Harta PE.was.always above 30 due to its good margin and excellent compounded growth rate of more than 30 % from 2008 till 2019.

-----------------------------

AdCool The analyst even mentioned that pre_covid 19 time, gloves traded at PE 5. I am like what? That is a total lie. Gloves counters were trading at PE 15-25.

Hartalega management is still bullish with the outlook of gloves
-------------------------------------------
https://www.nst.com.my/business/2021/08/714704/hartalega-starts-latest-quarter-glove-firms-supernormal-profit-rm226bil-q1

If you read the Title of the article " Glove stocks on the last leg of their rally " by Ahmad Naqib , you can feel how ignorant and stupxxd the writer was.
Was there a rally for glove stocks in the last 10 months ?

On the contrary , glove stocks have been.dropping.since OCT 2020. His article was 10 months late?
The title should be changed to " GLOVE STOCKS ON THE LAST LEG OF CORRECTION" to reflect the actual situation.
-------------------------------------------------------------------
Glove stocks on the last leg of their rally?
Ahmad Naqib Idris
/
theedgemarkets.com

August 03, 2021 09:30 am +08
Glove stocks on the last leg of their rally?
-A+A
KUALA LUMPUR (Aug 3): While the valuations for rubber glove makers can still be seen as attractive currently, the pandemic-driven rally these counters have seen may be able to gather much steam if one looks at analysts' earnings forecasts for 2022 onwards.

Most analysts' "buy" calls are based on the strong earnings growth forecasts in 2021.

However, equity markets are usually six months ahead at least.

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This explains why the stellar quarterly earnings figures have failed to whet investors' appetite for glove stocks, despite the fresh waves of infections globally.

Several glove companies are expected to release their quarterly earnings this month. Some quarters foresee investment analysts to take the chance to downgrade the sector when they review the latest profit numbers amid the downward pattern of the rubber glove average selling prices, let alone the additional new capacity that will come on stream.


Looking at Top Glove Corp Bhd's earnings forecasts, for example, analysts are expecting the world's largest rubber glove maker to post a net profit of RM8.91 billion for its financial year 2021 (FY21) ending Aug 31, 2021 according to Bloomberg data. This would be a 376% year-on-year (y-o-y) jump from RM1.87 billion the year before.


Similarly, Hartalega Holdings Bhd is expected to post RM3.89 billion for its FY22 ending March 31, 2022 (up 35% y-o-y), Kossan Rubber Industries Bhd to report RM3.3 billion for its FY21 ending Dec 31, 2021 (up 203% y-o-y), while Supermax Corp Bhd is seen to post a net profit of RM3.7 billion for its FY21 ended June 30, 2021 (up 602% y-o-y).


However, analysts' earnings projections for these companies are substantially lower from 2022 onwards, which may indicate that the second half of 2021 could be the last leg of high growth and supernormal profits for the glove makers.


Beyond 2022, the valuations for these stocks look vastly different. Top Glove is projected to post RM3.73 billion in net profit for its FY22, a 58% y-o-y drop from the forecast earnings for the preceding year.

This translates into an estimated earnings per share (EPS) of 44 sen for its FY22, versus the EPS of RM1.09 for FY21, based on projections. At the closing price of RM3.92, Top Glove shares are trading at a price-earnings ratio (P/E ratio) of 8.9 times. Pre-Covid-19 pandemic, glove stocks were trading at a P/E ratio of less than five times.

The same goes for the other big four glove makers, as well as the smaller players like Rubberex Corp (M) Bhd and Comfort Gloves Bhd.

Rubberex is expected to post a net profit of RM175 million for its FY22 ending Dec 31, 2022, 26% lower than the RM238 million in its current financial year, while Comfort Gloves is expected to see a 42% y-o-y decline in net profit to RM215 million for its FY23 ending Jan 31, 2023, from RM373 million in its current financial year ending Jan 31, 2022.

Target prices (TPs) for these counters have also been lowered in recent months. Looking at Kenanga Investment Bank Bhd's monthly rating summary, the TPs on Hartalega and Top Glove were lowered from RM15.76 and RM6.49 respectively as at June 4 to RM13.80 and RM5.60 as at July 30.

Hong Leong Investment Bank Bhd also trimmed its TP for Top Glove to RM6.66 on July 7, from RM6.76 in mid-June, while Public Investment Bank Bhd lowered its TP for Kossan to RM3.65 on July 28, from RM6.10 on June 11.

BIMB, on the other hand, cut its TP for Supermax to RM3.15 on July 8, from RM7.30 on May 7.

That said, the raging Delta variant worldwide would mean a relatively strong demand for rubber gloves at the front line of the battle with the virus. No one would rule out that could possibly delay the normalisation of global demand.

Kathy

Pampers, Post pandemic ASP of US 30 to 35 is reasonable .Many analysts projected this numbers . We just do not know when is post pandemic at the rate the variants are infecting peoples all over the world. I had done a worst case scenario for supermx by assuming US24 as post pandemic ASP. The US 30 to 35 is about 30% higher than my assumption . This is a bonus . At the current price , supermx price is already lower than my US 24 worst case scenario valuation. If post pandemic ASP is 30 to 35 , it give further and better margin of safety.

--------------------------------------------------
pampers @pjseow, according to the harta briefing today, ASP expected to drop to 40 potentially, they foresee post pandemic ASP will be around 30-35, so don't be too opstimic about the ASP... Anyway, glove counters are still way undervalue even ASP is dropping.
03/08/2021 11:06 PM

Negative as usual. CBP may ban, government may introduce windfall tax, emco may continue, government shut down.all factories , ASP s coming down, what else ? The sun may rise from the west ?

---------------------
GlovesOff If PN collapse ho ho ho ~ next gov first order is to shut factories ...
03/08/2021 10:31 PM

ToneeFA, yes , my assumptions were ASPs tapering down to US 80 , 70 and then 65 without capacity increase. The ASPs.may stabilized at 70 or 80 due to the recent surge in infection rates . I believe Harta may.also.increase its capacity from.the current 44 billions but not as aggressive as supermx.

-------------------------
ToneeFa thanks pjseow , i agree with your analysis. I too expect that by 2Q22 Harta PAT would have almost touch the FY22 forecast of 3.89b by the analyst. As a note, your forecast assumes that Covid is receding and would be slowly under control in the next 3 qtrs. But the global trend seems to indicate that Covid may continue to wreck more havoc in many countries and that glove demand would remain elevated well into 2022. So its hard to say if ASP would drop gradually or remain flat or even increase further.
03/08/2021 10:15 PM

Toneefa, it is quite obvious that the analyst who wrote thus article did not expect the super duper earning of harta announced in.this afternoon. The analyst had not studied in.detail Harta 's Q4 2021 qtr earning and also did not pay attention to its briefing . Harta hit the 1.1 b earning in Q4 despite shipping only 6.7 b pcs which was.only 70 % of the Q3 9.5 billion pcs. If Harta.had.shipped 9.5 b pcs, its earning would have been 1.57 b. The ASP of Q4 Q4 was US 82.5 and the briefing.clearly.stated that the ASP will be higher in Q1 2022. Obviously, the higher ASP , higher volume shipped in Q1 plus the approximately rm 360 million inventory which was shipped in Q1.due to the earlier.container shortage had helped to boost up the great earnings. My estimate for the balance 3.qtrs will be 1.5 b, 1.2 b and 1 b for the balance 3 qtrs respectively. This will.give a total of 2.26 +1.5+1.2+1.0 = 5.96 billions.


----------------------------------------------
ToneeFa https://www.theedgemarkets.com/article/are-glove-stocks-last-leg-rally

pjseow, any comment on the above article? especially the Harta FY2022 forecast?
03/08/2021 9:10 PM

Investmalaysia, can you explain why the glove share prices keep going up from April 2020 till Oct 2020 when the PE was more than 100 ?

-----------------------------
investmalaysia777 is there any correlation between no of covid cases and glove share price? If there is, please explain the drop in share price of glove counters.
03/08/2021 7:28 PM

There is a difference beyween NTA and Net Cash in Hand. NTA comprises land, buildings,machinery , cash , goodwill etc . I agreed with you that many companies could be selling below NTA when the NTA cannot generate good earnings especially those in property sectors currently. Nett Cash is a different thing. No one will sell below the nett cash per share especially the other assets are.generating huge cash in the past few qtrs and will.continue to generate in the coming.years. It will.be plain.stupxxd to do so for the seller. Supermx.is still selling more than.2x of its net.cash. From the huge earnings in this qtrs plus the coming qtrs, the net cash will.still be growing , other assets will also be growing while the supermx investors will.receive Dividend yield of more than 10 %, why should the sellers sell below the current nett cash.per share?


------------------------------
investmalaysia777 oh ya lor. no point telling you guys what's going on when you cannot get it. so now I just troll only hahaha.
03/08/2021 8:03 PM

It looks like the June 's 60 % production durimg MCO did not impact both Harta and Kossan. Both. acheived record results due to high sales volume and higher ASP s.

Wow. Fantastic result. The higher earning was attributed to higher sales volume and.higher ASP . Harta is expected to announce a 20 sen dividend based on its 60% dividend policy of its previous eps of 33 sen. With the latest eps of 66 sen , it means the dividend for next qtr will be 40 sen. Harta pay its dividend 3 months later than its earning . With both Kossan and Harta reported record profits, we should expect supermx to deliver another record profits.

-----------------------------------------------
sinojab Despite Harta today Firesales to 6.64
QR out today
Surprising +928.4%
EPS 66.08
NTA 1.91
Profit after tax double up to 2.259B ( MarchQ 1.1B )

Tiktok Tiktok GF where are you ?
03/08/2021 1:49 PM

ToneeFa, haha, I still remembered he looked depressive after he was banned and lost his income. He bid farewell with i3 after he created new ID with 666 and.got banned also. DJoker wished him 一路走好。Dont come back. Be careful with his crocodile tears.

-------------//--------//---------
ToneeFa Citadel-seikau, are you drunk again? Don't scare us again like the other day when u had a meltdown. My advise is don't mix drug with alcohol, u may suddenly wake up in Holland.
02/08/2021 9:46 PM

Investmalaysia777, you are really a lawyer buruk or kaki pusing. Did my above.message indicate I dont trust Topglove MD? You still had not replied me which company in.Bursa sell transacted below the nett cash per.share and also the criteria of windfall tax which you claimed the government will impose for EXTRA ORDINARY profits.

-----------------------------------
investmalaysia777 @pjseow, so you don't trust topglove managing director and you choose to trust harta ceo? hahaha

Harta CEO is optimistic with gloves futureand its long term propspects . The gloves demand remined strong.
---------------------------------
https://www.theedgemarkets.com/article/hartalega-prospects-strong-shortterm-glove-demand-remain-high-%E2%80%94-kuan-kam-hon

hng33 , A fair and reasonable.expectation. Supermx has 103 million treasury shares which is 3.78 % of total company shares.

--------------------------------------------
hng33 What to expect from supermax upcoming result are

1. Profit RM 1 billion or EPS 40sen
2. Special share dividend 1 for 27 or about 13sen
3. Final cash dividend 13sen
02/08/2021 1:42 PM

Moneymakers, I handicap you.300 millions from your 500 millions. If supermx profit.is less than 800 millions, you win . If it is more than 800 millions , I win . Want to bet ?

Money makers , Yes , Aug.will be the massacres of the Shorties . With Kossan record 1.06 billion earning announced last week, both Harta and Supermax are expectedb to hit more than 1 b profits too in the coming week. The shorties will be massacred and scrambled to cover their shortes.
----------------------------------------------
MoneyMakers Welcome to Aug!! QR massacre around the corner

The long-awaited day is near..Gather the chickens - heads will be rolling this week
01/08/2021 4:00 PM

Imvestmalaysia, Enough of bullshit. You still had not answer my question on which company traded below its nett cash per share in Bursa.
There is still no guidelines on what is Extraordinary Profits ? Doubling of YOY or QOQ ?
Companies making more than a billion per qtr or per year? There are many companies making doubling of profits yoy or even qoq. Many banks are also making billions per year or even per qtr.
Until now, the government has not come out will clear criterias. Investmalaysia dont represent the SC or MOF.

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investmalaysia777 agreed. should impose windfall tax on glove companies for extraordinary profits. I know there will be some dumb donkeys saying banks also earning a lot of profits why not tax them as well. let me answer now. banks are earning their normal profit. not EXTRAORDINARY PROFITS. be clear.
01/08/2021 9:59 AM

Every supermx stock investor is anticipating a good result for the coming QR. Although Supermx has 19 % lower capacity than Kossan, it has a Distribution Business division which contribute 35 % of the total profits which Kossan does not has. In other words, this second income is about 50 % of supermx manufacturing profits. If you take a proportionate earning from Kossan latest 1.06 billion profit, supermx mfg profit would be about 850 millions. If you add another 425 millions from the distribution division, the total would be 1.275 billions barring any unforseen circumstances like container or additional shutdown issues. Lets hope for the best.

Investmalaysia777, can you name me just one company in bursa which transacted below.its cash in hand per share while the company make record profits for the last 6 qtrs and expected to make billions in the coming years. Just name me one company will do.



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investmalaysia777 @toneefa, you're another dumb donkey to suggest that Stanley will take supermax private. FYI there are many companies in bursa traded below NTA. Cash in hand = Rm2 doesn't mean its share price must trade above RM2.
31/07/2021 10:26 AM

WHO warning to those lowly vaccinated countries on Delta variants. US start anti virus.campaign . Israel will.implement third sgot fir those above 60.

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https://www.ndtv.com/world-news/world-races-to-contain-delta-variant-us-steps-up-anti-virus-plan-2498264