saw the news lionind wants to takeover megasteel equity and debt...

t+ something... maybe doing t+3...? today t+2...

Johnny, do kenanga do that to all gloves counter?

Samoscar, im still not convinced superman can pull off to 10... However 6 and 7.5 pulls like a magnet due to previous bonus split at these levels... Unless we have some surprises..

that's what i suspect... when DOW wants to make a final low, KLCI usually stabilise... bcoz they will want to rise already... so think this week KLCI should be making a major low and sky is bright later...

just a sidenote... DJIA will test 23300 soon by this wed or thurs... after that it should bounce and rally into Sept... hold on tight tight ya....

re: pang, can't blame anybody... even me also in the dark... i hope Dato seri and team will have more information to this venture... everybody is so excited... no need to keep everyone guessing

I'm more interested in the contact lens - their final retail is roughly about RM100 per 30pcs which means RM3.30 per piece... lets just say they allow the retailers to make 30 to 50%.... so that means their price out at distribution arm is about 1.7 to 2.3... Lets take 70mil pcs, that will be RM140mil revenue per year... margin upto distribution arm = 30 to 50% per industry margin... we are looking at RM42mil to RM70mil per annum profit minimum... dont forget about the breakdown of weekly, quarterly, asgtimatism, coloured lenses which are higher margin... then this profit can be higher... as a new venture, can always apply for tax free / tax incentive for 5 to 10years...

I like to paint a concrete picture so that one understands why all these activities are beneficial and what do we expect from the outcome... then only we can say whether it's cheap or expensive...
Rule no. 1 = Understanding the expansion plan for gloves
The main purpose of the gloves refurbishment helps to improve efficiency... so how do we measure... lets look at Ebitda... Ebitda for Superman low is about 16 to 17%.... while the peak is 22 to 25%... the best they have done in recent quarters was Q2 FY18 which is 21%... then with the increase in natural gas of +23%, this drops to 18%... after that they mentioned cost pass through lag of 2 months... but ultimately 20+% is achievable - lets take 2 targets - low = 22% and high 25%. we know that by end 2019, we should have 27b pcs... which is 17% more... so conservatively take revenue as 330mil X 17% more = 390mil per quarter. At 22% Ebitda = 85mil and 25% Ebitda = 97.5mil... PBT is usually 80% of Ebitda = 68mil to 78mil PBT. At 24% Tax, net profit = 51mil to 59mil, EPS is a possible 8 to 8.5cents per quarter... so at current price, it's not expensive... at 32 cents EPS and 4.34 price, PE is only 13X... so cheap...
We know that contact lens is loss making about 1mil per quarter... so that's no effect to its performance... However, having said that, I still expect contact lens to register RM50mil profit per year... meaning 10mil+ net profit to the quarterly is possible... Now its not right time due to promotional activities which they give out for free or at a discount.... to get acceptance... in truth 70mil and above profit per quarter is achievable... that will be 100% from current profit... growth a bit slow, but sustainable...

Here's the summary from analyst about the expansion plan...

Q2 FY18 (Oct-Dec 17) less than 20b pcs - water supply resolved in Nov
Q3 FY18 (Jan to Mar 18) 22.3b pcs
Q4 FY18 (Apr to June 18) 22.3b pcs - New plant Lot 6061 start build
Q1 FY19 (July to Sept 18) 22.3b pcs - Blk G complete operation end-Q1
Q2 FY19 (Oct to Dec 18) 23.7b pcs - a) Blk G Kamunting commence operation (1.4b) b) Blk F Kamunting start build factory (2b)
Q3 FY19 (Jan to March 19) 22.5b pcs - Lot 38 Sg Buloh start refurbishing
Q4 FY19 (Apr to June 19) 24.9b pcs - Lot 38 operation starts (2.4b)
end CY19 27.2b pcs all new plants up and running + refurbishment completion

i like the current price ascending... no news but keep going up... :)... bcoz a lot of bullets at the back to back up

today rest first... ?

"In a note June 28, the research house said SUCB’s Block G plant in Kamunting, Taiping is on track to resume production post full revamp works by end-1QFY19 (3Q18).

CIMB Research said this will grow its capacity 6% to 23.7 billion pieces per annum."

RM350mil revenue soon?

Lets wait for any announcement later...

how? i tot you tunggu RM6... still ask me how... tunggu lor...

ya, they realised too cheap... 3B market cap only.... how come this gem missed earlier...

yes, market cap still only 3B... quickly sapu....

fund manager sapu.... window dressing, they need to show in the fund report that they also hold one of the top performing stock of 2018... else kena questioned....

after 4pm, kuat berjalan....

re: Ivan9511, your limit up is which level?

with the new ministers sworn in, hopefully the International trade ministry can expedite that with China approval....

Don't forget superman still have 24.7mil of treasury shares.... so selling them at RM6 will get them RM147mil of cash... for dividend and expansion.... plus cash back from land sale to East Coast expressway and claim back from LHDN... :)

Mana ada overvalued... its PE is only 30... its net profit can rise further... and its ambition is moving towards Fortune 500 companies in the future... that will be RM80b to RM100b revenue... with net profit at 10%, that will be RM8 to 10b net profit in the future...

re: Greatleaper It's really overvalued!

To travel to 10 will take some time... coz 10 means need EPS about 10 cents per quarter... of which nobody knows what's the earning potential of contact lens yet... but for net profit for 40mil, similar to Kossan, already can justify 5b market share... which means 6++ share price...

資匯 The busy weekly
June 29 at 8:24 PM ·

目前市值排名：
贺特佳(HARTA，5168) - 198亿令吉
顶级手套(TOPGLOV，7113) - 155亿令吉
高产柅品(KOSSAN，7153) - 53亿令吉
速柏玛(SUPERMX ，7106) - 28亿令吉

年头至今股价涨幅：
速伯玛(SUPERMX ，7106) - 114%
顶级手套(TOPGLOV，7113) - 52%
贺特佳(HARTA，5168) - 12%
高产柅品(KOSSAN，7153) - 4.3%

this is from the busy weekly... what do one think when they read this comparison? Most pple will feel undervalue... and when they invest, which will they choose?

next immediate destination

my chart shows 4.37 next destination...

:)

Monday KLCI will rampant run... minister swear in... cabinet finally complete...

ok, make sense, 6 then bonus split to 3 then run again to 7+ after contact lens news.... looks like a good idea...

Rating agencies downgrade malaysia, then malaysia show them the power of up... especially now so close to announcing the cabinet... from uncertainty to certainty on one major item...

but this one a bit tricky, chart has 4.6, 6 and 7.5 for bonus split... so this time bonus split... what's the final number? 4, 6 or 7+....

re: pang72, CIMB did give very high TP for superman back in end 2015/early 2016... until superman also got burst and trapped many pple and had to recover from the bottom again... but this time it has earnings growth to back, so maybe it's not as danger as last time... plus 4.6, 6 and 7.5 acts like a magnet for bonus split...

from the history charting... when it reaches 14 the first time, it will pull back to 11++ then go back to 14 again before split... so this situation might happen.... the whole thing can take about 5 months...

it's anybody's guess...
but there exist the gap to RM14 before another split... so it will close that gap.... when it reaches near to it, think split is just a matter of time... plus its share is 1.2b compared to Harta 2.4b, so will have another bonus split... since both after tax earnings are almost the same now...

didn't commit how to jail ler?

i want full report, if anyone has can upload to a temporary link?

you have cimb latest report?

Today's title :- https://www.theedgemarkets.com/article/klci-edges-window-dressing-kicks
After window dressing in 1st half, 2nd half later, many funds will show they have holdings in Superman... if they don't they will look bad not holding one of the best performer of 2018...

aiya, you guys, still want to fight each other... enjoy the show and let the profit run... make friends don't make enemy...

:)

This run targeting RM14 b4 another split?

nothing to comment, but this business has taken a different twist, it maintains its strong brand name in the countries it operates, while at the same time penetrating to other countries when it can expand its manufacturing, in fact on the diversification level, it has expanded to contact lens producer to make sure this business profit is not so sensitive to currency fluctuations...... ultimately all the gloves maker dreams are healthcare giants like johnson and johnson, but they all will take different routes eventually... when you buy into the top 4, there's a chance they will be as successful as another healthcare giant....

Roger bro....

The most interesting thing is that, most of the funds are less than 5% only can be seen in annual report. So daily who is collecting more nobody knows... Especially later u suddenly see epf is one of the 5% holder as well... Then pple start to chase...

i don't know if they will help... in the end, their quarterly earnings must justify the growth... these are potential news... which if I were him as ceo, will use these 5 years to out all the news and expansion before the next election...

everyone go cashless everyone will pay tax soon bcoz now everything will be monitored... but entirely dependent on electricity... u just gonna hope tenaga not down on the day you want to buy something...

"Cashless society = 100% monitor society. Transfer 10cents also will be recorded and tracked."

yes, and a lot of news not out yet :) ---> 1) Court case 2) Income tax reimbursement from overly charged amount 3) contact lens sales / progress 4) New chairman 5) 2 new directors, at least some comments/speech from them... expect this year AGM 6) Annual report should have more information 7) Contact lens expansion? 8) Bukit Kapar glove city land sale to west coast expressway? about RM40 mil or more? 9) Dividend - can we now see every quarter? 10) China contact lens license approval 11) Penetration to Japan market 12) Gloves - expansion progress?
so all are likely further catalyst for share price movement... too many to name...

good to rest first...

if today don't start to move, then macd will cross downwards...