tomorrow 2.00-2.04

2.09.....

so many good news came out for supermax, but price still same....terrible

Supermax Corp Bhd, the world's second-largest rubber glove maker by volume, is diversifying into the manufacturing of contact lenses, confirming a report by The Edge Financial Daily on March 16.

At the press briefing on the second day of the Invest Malaysia 2015 conference, Supermax chief executive Datuk Seri Stanley Thai said the group is also venturing into the production of eye care and lense care products.

As for its contact lenses, Thai said those will be sold to markets in the US, the UK, Germany, Canada and Brazil via the firm's distribution centres overseas.

According to Thai, Supermax (fundamental: 1; valuation: 0.8) initiated the new venture in July last year and the move is expected to need a capital expenditure of some RM65 million by June or July this year.

The factory that manufactures contact lenses, he said, will be located in Selangor.

hopefully next week move....

Business News
Supermax to venture into RM65mil contact lens business (Update)
Friday, 24 April 2015
By: S. PUSPADEVI
KUALA LUMPUR: Supermax Corporation Bhd's new RM65mil contact lens business would make the group the first Malaysian owned brand manufacturer for the product globally, said group managing director Datuk Seri Stanley Thai.

Thai said the product, which is currently undergoing research and development in United Kingdom, would complement the group's existing global distribution network in healthcare and medical device industry.

"We will launch our new contact lense product in the third quarter of this year.

"Although, i am not able to disclose the products contribution to our earnings at this point, this new industry is expected to last for the next 15 to 20 years," Thai told reporters after presenting a session at Invest Malaysia 2015 here today.

Thai said at present over 60 companies under its distribution network have agreed to be the distribitors of the new product.

He said the company would still continue to manufacture rubber gloves, as building market share was still its primary objective to sustain in the business.

He said the outlook of the rubber glove industy remained robust due to strengthening of the greenback against the ringgit, with the demand ratio for natural rubber and synthetic nitrile to stand at 55:45.

He expects margin compression of between 9 and 11 per cent to take place for the nitrile glove segment due to increase in additonal new capacities of this segment by other rubber glove manufacturers.

"The main challenges for the industy is still infrastructure and this is mainly water followed by electricity and gas," said Thai, adding that he hoped the state would not increase the tariffs without further notifications.

Having said that, he said the group is poised to capture higher market share in the nitrile glives through OBM and its existing network.



Supermax is involved in the manufacturing and the distribution of medical gloves and produces up to 16 billions pieces of gloves per year, meeting approximately 11% of the world demand for latex examination gloves.

On Tuesday, the U.S. Department of Agriculture confirmed that turkeys at four more commercial facilities--three in Minnesota and one in South Dakota--were confirmed to be infected with the fast moving H5N2 virus. The agency estimated that more than 390,000 turkeys between the plant would be lost to the disease or have to be euthanized as a precaution to prevent spread of the virus.

The latest cases come one day after USDA officials announced that H5N2 was found at a chicken laying facility in Osceola County, Iowa. Some 3.8 million layer hens at the farm affiliated with Sonstegard Foods Company will be euthanized to try to prevent the spread of the disease, according to the company.

The USDA had initially estimated that 5.3 million hens were affected. But the company has since confirmed that it was operating below capacity at the time avian flu was detected at its Iowa farm, said USDA spokeswoman Joelle Hayden.

"We went to great lengths to prevent our birds from contracting AI (avian influenza), but despite best efforts we now confirm many of our birds are testing positive for AI," the South Dakota-based Sonstegard Foods said in a statement.

test water

supermax cash: RM 131,998,000

pingdan....
Notice of Shares Buy Back - Immediate Announcement

SUPERMAX CORPORATION BERHAD

Date of buy back 21 Apr 2015
Description of shares purchased Ordinary shares of RM0.50 each
Currency Malaysian Ringgit (MYR)
Total number of shares purchased (units) 1,000
Minimum price paid for each share purchased ($$) 2.130
Maximum price paid for each share purchased ($$) 2.130
Total consideration paid ($$) 2,176.08
Number of shares purchased retained in treasury (units) 1,000
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units) 3,101,000
Adjusted issued capital after cancellation
(no. of shares) (units)
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%) 0.45801

start buying own shares

SUPERMAX: nobody support, own support....

SUPERMAX CORPORATION BERHAD
Type Announcement
Subject OTHERS
Description Proposed Renewal of Authority for Purchase of its Own Ordinary Shares
The Board of Directors of Supermax Corporation Berhad ("Supermax" or "the Company") wishes to announce that the Company intends to seek shareholders' approval for the proposed renewal of the existing shareholders' mandate for the Company to purchase its own shares on Bursa Malaysia Securities Berhad of up to ten percent (10%) of the issued and paid-up share capital of the Company at the forthcoming Eighteenth Annual General Meeting to be convened.

A Statement to Shareholders setting out the details of the above proposal and resolution pertaining thereto will be dispatched to the shareholders of Supermax in due course.

EPF : Harta
Type of transaction Date of change
No of securities
Price Transacted (RM)
Acquired 10/04/2015
200,000
Acquired 10/04/2015
189,400
Circumstances by reason of which change has occurred ACQUIRED OF SHARES
Nature of interest DIRECT
Direct (units) 58,825,700
Direct (%) 7.33
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change 58,825,700
Date of notice 13/04/2015

KWAP: TOP Glove
Details of changes
Type of transaction Date of change
No of securities
Price Transacted (RM)
Acquired 09/04/2015
250,000
Circumstances by reason of which change has occurred Acquisition of shares in open market by KWAP's Fund Manager.
Nature of interest Indirect Interest
Direct (units) 54,537,700
Direct (%) 8.8332
Indirect/deemed interest (units) 5,105,000
Indirect/deemed interest (%) 0.8268
Total no of securities after change 59,642,700
Date of notice 16/04/2015

EPF: KOSSAN
Type of transaction Date of change
No of securities
Acquired 03/04/2015
27,700
Acquired 06/04/2015
26,000
Acquired 07/04/2015
115,100
Disposed 08/04/2015
200,000
Acquired 08/04/2015
131,800
Circumstances by reason of which change has occurred Open market transaction
Nature of interest Direct
Direct (units) 35,807,300
Direct (%) 5.6
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change 35,807,300
Date of notice 03/04/2015

haha

EPF?

2.11 soon.....then going back to 2.0-2.04 level

dead water...

2.11..target price...Monday start going down....haha

水供影響新生產線 速柏瑪前景有挑戰
　（吉隆坡16日訊）速柏瑪（SUPERMX，7106，主要板工業）新工廠面對水供問題，或影響公司擴展計劃和盈利成長，使市場謹慎看待公司前景。

　艾芬黃氏資本研究指原定于2013年下半年竣工的工廠，若水供問題得以解決，速柏瑪第10和11家工廠預計會在2016年首季全面投入商業生產。這兩家工廠共有20條通用生產線，年度總產量達70億只。

　據悉，其中8條生產線已安裝並在低使用率下生產，但受不穩定水供影響。一旦新工廠全面投入運作，速柏瑪丁手套占總產量比例，預計將從40%提升至55%。

　另外，速柏瑪還有兩項工程在執行中，包括手套城和速柏瑪商業園，預計將每年貢獻400億只手套，資本開銷料達13億令吉。公司管理層無法承諾竣工期限，估計兩個地點面對沒有生產手套設備如水供和電供問題。

　為多元化業務類別，速柏瑪有意聯營生產隱形眼鏡。報告正面看待此舉，可提供另一收入來源之際，還可善用現有國際分銷平台，但未將潛在盈收貢獻計算在盈利預測內。

　報告維持速柏瑪2015至2017財年盈利預測以及“守住”評級，合理價為2.11令吉。由于基本設施問題打擊擴展計劃，因此報告謹慎看待速柏瑪盈利前景。

　速柏瑪早盤以2.14令吉開跑，休市報2.15令吉，起2仙；閉市掛2.16令吉，起3仙，成交量469萬100股。

Soon back to 2.00-2.04 level... Next week T3 sure force sell...

hopefully tis time can stable...

14......it die...

sangkut....2.14

careplus, karex bonus issue, share up up....supermax maybe can do bonus issue...

soon 2.03...no hope up to 2.28 or 338 haha

start going down...

EPF BN control...they buy top glove not supremax

today up to 2.13...tomorrow down to 2.03...

but share price terrible

move a little bit, then go down again... no hope

better sell

（吉隆坡8日訊）橡膠手套出口3年來首見增長，但分析員卻認為增勢只是曇花一現，丁腈和膠乳價差拉近，高盈利賺益的丁腈手套將持續是生產商的最愛，看好丁腈手套將持續成為領域增長的領頭羊
丁腈和膠乳價差拉近
大馬橡膠出口促進會（MREPC）最新數據顯示，丁腈手套和橡膠手套出口比重平分秋色，是橡膠手套自2011年來首次出口出現增長，但艾芬黃氏研究卻大潑冷水，相信橡膠手套出口銷售恐難維持增長，主要是膠乳價格出現反彈，而丁腈價格卻隨油價走跌，可能導致需求轉向後者靠攏。
“我們相信2014年丁腈和膠乳價差顯著的情況不會重演，預期在中國汽車業放緩影響下，中期膠乳需求料持續清淡，膠乳價格將徘徊在每公斤4令吉至4令吉20仙，而短期丁腈價格將徘徊在每公斤1至1.10美元關口，相信對丁腈手套比重較高的手套生產商將帶來好處。”

丁腈手套賺益更高
該證券行補充，就算膠乳價格跌至每公斤4令吉以下，生產商業不太可能顯著轉向生產橡膠手套，因丁腈價格短期依舊疲弱，將拉近兩者的價差距離。
“更重要的是，丁腈手套賺益為20至25%，比橡膠手套的15至16%為高，手套業者將更強力推銷高賺益的丁腈手套。”艾芬黃氏研究說，就算膠乳成本僅為了每公斤3令吉80仙，其賺益也僅17至18%，根本無法與丁腈手套比擬，促使領域現新增生產線以丁腈手套居多。
“受到架構問題影響，許多手套生產商都在去年將擴展計劃展延，相信隨著多數手套生產商開始解決丁腈手套產量問題，我們預期銷售將增加。”
該證券行認為，基於橡膠手套生產線相對陳舊，而新丁腈手套生產線將帶來更高的生產和營運效率，就算丁腈手套平均售價因市場激烈競爭打壓，相信也將可從營運效率改善中抵銷，看好丁腈手套的成本和生產效率將是拉動領域盈利表現的主因。整體來看，艾芬黃氏研究維持手套領域“加碼”評級，主要是原料成本，以及美元兌馬幣匯率趨穩將抵銷供應增加帶來的潛在價格壓力，並持續看好丁腈手套業務為重的手套公司。“在4大手套公司中，高產尼品（KOSSAN,7153,主板工業產品組）將是膠乳和丁腈價差拉近的最大贏家，估計丁腈價格每下跌10仙將擴大其盈利3.6%，因此將之列為領域投資首選。我們預期高產尼品2015至2017年盈利將強勁增長12至36%，目標價為6令吉38仙。”

2.01

dead water

dividen only 2.4%...FD still better than supermax

Haha

Tp 2.75.. Kenanga

We maintain our OVERWEIGHT rating on the rubber gloves sector. Rubber glove stocks under our coverage have performed well YTD, led by KOSSAN (+30%), SUPERMX (+26%), HARTALEGA (+23%), and TOPGLV (+21%). Nevertheless, we believe they still have further upside moving into 2Q15. The stage is set for rubber gloves makers to post decent-to-solid quarterly earnings growth over the next few quarters. Our investment case is based on: (i) resumption of earnings growth in coming quarters, underpinned by new capacity expansions matched and fueled by sustained demand for rubber gloves, led by nitrile gloves, (ii) favourable USD/MYR exchange rate, and (iii) the sustained low raw material prices especially latex. We expect glove makers to announce good sets of 1QCY15 numbers due to the commencement of new capacity starting from Jan 2014 and a favourable forex rate. As an indication, the recently announced Top Glove’s 2Q15 results which topped expectations were boosted by the strengthening of US dollar against MYR. In the meantime rubber glove players indicated that customers have been found for their new plants’capacities. Our Top Pick is HARTALEGA with a TP of RM9.50. We continue to like HARTALEGA for its: (i) highly automated production processes model, (ii) solid improvement in its production capacity and reduction in costs leading to higher margins compared to its peers, (iii) innovation in producing superior quality nitrile gloves, and (iv) positioning in a booming nitrile segment with a dominant market position. We also have OUTPERFORM calls for KOSSAN (TP: RM6.68) and SUPERMX (TP: RM2.75).

2.05....

Careplus 0.64, historical high...

sell ......no hope

RHB comment on Hartalega
Hartalega has front-loaded its capex and we expect this to bring
forward their capacity expansion plans. Consequentially, management
has guided that Hartalega would be taking up a revolving credit facility
in FY16 (Mar) to ease cash flow for the firm. We switch our valuation to
DCF from one-year forward P/E. We downgrade to NEUTRAL (from Buy)
with a lower TP of MYR8.48 (vs MYR8.60), 0.3% downside.
  Downgrade to NEUTRAL on valuation grounds, with a revised TP of
MYR8.48 (0.3% downside, CAPM 8.9%, terminal growth rate 2%) vs
MYR8.60. Hartalega’s share price has risen 22% since Sep 2014.
Although Hartalega’s growth prospects remain intact, we downgrade our
recommendation as we believe that much of the positive news has been
priced in at current prices. Hartalega trades at 23.8x FY16F P/E, above
its historical 2SD trading band of 22.2x, while its peers are trading at an
average of 14.7x.

CIMB comment on Hartalega
From our recent meeting with Hartalega’s management, we felt that the
operating environment in the next two years will be tougher due to increasing
competition. To protect market share, the group aims to complete its new NGC
two years earlier, which will raise capex/year. To fund the accelerated
expansion, Hartalega will draw down some of its credit facilities. The higher
interest expense and depreciation cost are expected to weigh on its bottomline
in the near term. We cut FY15-16 EPS to factor in mainly (i) stronger US$
against RM (ii) higher interest expense and (iii) higher depreciation cost. This
reduces our target price which is based on 2-year historical P/E of 21x CY16.
We downgrade the stock to Hold. We prefer Kossan

today careplus show time....

big crocodile play trick...last minute push high, next day throw...

big 4 glove shares

30/1/2015
kossan-5.22, harta-7.59, top glove-4.93,supermax-2.20.

kossan 5.80, harta 8.63, top 5.49, supermx 2.11....