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today sold HSI-C3T at 0.435 which bought yesterday, earned about 19%++.

sunny days should be not far away …..

Supermx need to wait for 1) global market sentiment to recover and 2) strong support to be built up around 3.15 to 3.30, hopefully will see price above 3.30 soon.

For USA tariff on China goods, last weekend unexpected Trump to put in additional list of 269 billion goods. But let me talk about trade deficit b/w China and USA, total good value is about 600-700 billion. Total trade deficit is about 375 billion, recent monthly trade deficit from initially 3X billion increased to 50.1 billion in July 2018 due to increase shipment to prevent further tariff hike.

First tariff imposed is 25% on 50 billion goods if not wrong. Next is another 200 billion goods. Another might impose tariff on is about 269 billion goods. Trump need to recover the deficit by month is about 5X billion (sufficient to cover) and if impose tariff 25% this will hike the good price which will ended have some impact on USA people who consume the goods. With USA dollars strengthen, the tariff with 10% on total 550 billion goods will be good enough to cover the trade deficit, instead of 25%.

To me when positive new come out is lower tariff let say 10% instead of 25% then the impact will be lesser:
1) To USA customers, 10% tariff will be less impact compared to 25% tariff
2) To China exporter, 10% tariff will be better compared to 25% tariff
3) 10% tariff on 550 billion goods will be sufficient to cover all trade deficit and close the chapter and next to focus on November election

Hopefully lower tariff will be imposed and positive new to come out. For global market, if continue downside, this will not good for the market. Think towards USA November election and towards Nov qtr result release month, still have some upleg and hopefully all will turn good within this few days, maybe tomorrow will have some rebound and then firm up to continue uptrend ….

For Malaysia, Budget 2019 is coming … think this might have some positive to the market ….

As Trump opened for public comment on tax tariff, mean he willing to take the public view and November election is nearby, don't think there is harsh decision on the tariff. Should have some positive new on this.

Hope the good new come on this weekend.

I still inside the game, not yet left. Today got work to finalise before on long holiday. Today is Friday and following weeks got holiday and also pending for Trump new.

No matter how it is, whether bad new or good new, uptrend likely to resume afterward. If bad new, then Monday and Tuesday we escape and Wednesday drop a bit then Thursday move up. If good new, Wednesday will continue to surge nicely. Many stocks already fall at the very bottom part and already factored in, unless there is economic crisis, stocks and bursa will continue uptrend till the end of November 2018.

Happy holiday. Enjoy holiday first. Good thing is in front us and thanks for support Supermax price.

Today Friday next week got 2 days PH ... if today can push to near to 3.50 by the end ... think will be good signal .... next week depend on 200 billion tariff new .... hopefully will have positive new for world market to resume uptrend ...

Bonus issues might fall early next year .... when that times comes quartee result might include contact lens income .... they might push up the shares price more fiercely

Today near to 4pm, about 1 hour to 1.15 hour, this occupy about 50% of today volume. The price increased from the bottom towards today highest at 3.36, maybe this is not right to say reversal hammer because tail is not long but buying strength is more than selling strength, almost more than 50% volume push up the price to the top. To me, I might focus on buying strength/volume compared to focus on whether tail is 75% or 50%. As I said before, tomorrow need another white soldier to confirm and also need to wait the signal of world market index, but due to the buying strength and average buying price for last few days, tomorrow most likely will up. If tomorrow go back to 3.09, then this is not meaningful for today to push up to 3.36.

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made some amendment, today one is reversal hammer .... wait for dow jone signal and tomorrow another white soldier confirmation .... hopefully there is no harsh comment from white house ...

Charles, actually want to average down at 0.195 and 0.20 .... but my line really unstable today .... otherwise, will have better position now ...

Hope the best for tomorrow ...

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I used EMA250 3.08 as lowest

tomorrow might have 5-7% big up, resistance level is about 3.50

For USA part, may due to consideration for November election and senate house election, dont think Trump will have hard enforcement in 200 billion tariff, might be in instalment stages .... should have some positive new

today celcom line really suck ..... i3 also difficult to in ...

anyway, today lowest done already, confirmed uptrend

today celcom line really suck ..... i3 also difficult to in ...

anyway, today lowest done already, confirmed uptrend

wiki123, i think Brazil, Singapore and Hong Kong might also contribute some traction ….

Today is T+4 .... wait for T+4 over …. by this week Trump should have some talk on the 200 billion tariff …… the worst I gave is today or latest by tomorrow morning ….

wiki123, noted, I thought they are selling Aime contact lens thru 70% owned Aime company in Japan.

Does this mean after gaining the Japan product license recently, they are able to sell their own products under name of Aveo brand and the first shipment of Aveo product was August 2018 right ? Prior to launch of Aveo product, this Aime contact lens is under Nippon/Japan made contact lens ?

In Japan, the existing contact lens market got Cooper Vision, Bausch & Lomb, Johson & Johnson, Hoya, etc, about few brands. In my view, with the price and quality, Supermax should get some seize of % of contact lens market in Japan.

For glove business, lower materials and higher USD should drive the revenue and bottomline and certain plant already run back in full operation.

Below 3.50 should be a good buy for long term.

If not wrong, Supermax first shipment of contact lens to Japan was in August 2018. For FY 2019, contact lens should contribute some to the bottomline.

Supermax contact lens in Japan called aime if not wrong and already started selling online and at shop.

http://www.aime.jp/

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yesterday morning sold CO & CR …. afternoon sold another round ….

will come back later ….

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time to buy in

Halite and Pang sifu is here .... this shares look interesting .....

Can i claim from uncle Koon ? I lost my mentality during this sell down .... need to go massage centre to relieve my stress in the stock market ... can later claim from Mr Koon the massage bill ?

To me Uncle Koon helped me earned some money in faster way after he pumped up the price ... in this battle i won i not lose ... maybe i like to do some homework although i am always lazy and said busy no time to do homework .... if i did lose .... i dont think i will complain Mr Koon i think i might be the one made mistake because greedy chase high or want to speculate trade ....

Sometimes when reading investment bank published article .... banker may make the article very interesting ... you need to do is get the right part for your analysis ... dont blindly follow those damn high target price and ended lose money complain or issue open letter to investment bank ....

To grow up in the market you need grow up yourself since there is no insurance scheme for the money you bet in the market ...

Just my nonsense sharing. Haha.

If remove tax credit the EPS is 1.6 cents not 4 cents ... anyway tak dapat trophy sad ... haha

Hibiscus CA - Banker is MIBB
Hibiscus CG - Banker is MACQ
Hibiscus CH - Banker is RHB

PBB is the article with TP of 1.73

Private placement is the behind big investor

CA CG CH will be due in 2-3 months time

Exercise price is 0.86 to 1.00 …. if hibiscus drop to 0.85 within this 2-3 months ….. banker win …. for private placement investor also win since they are distributing above 1.00 price …. or even 0.90 - 1.00 price ….

94 cents will be the support, if broke will further down to 0.85 ….

Just be careful, any further flush dwon

Think negative goodwill is a capital nature, a bargain price on acquisition cost of North Sabah oil field which is lesser than the net identifiable assets.

Assume Hibiscus going to sell North Sabah oil field in the future at higher price, then the tax implication will be on disposal of this capital assets. But for annual corporate tax computation, since this is not revenue generating expenditure, nil effect on bottomline.

Just nonsense sharing.

Just for sharing purpose:

Using same scenario of 200 million PBT for Hibiscus and we going into further detail price computation.

No. of shareholding = 1.588 billion
Warrant C (1 to 1 exchange) = 0.318 billion
If taking all warrant C, total share numbers = 1.906 billion

Then we also taking production useful life for Anasuria and North Sabah oil field into consideration and the production extraction may deplete over the useful life (understanding there is increase during early of stages for extraction opportunities), PE ratio of 8 might be appropriate instead of PE 10.

Then the price of hibiscus will be:
200,000,000 / 1,906,000,000 x 8 = 0.84.

Yesterday computation price based on PE 10 is about 1.30.

So the price range will then be between 0.84 to 1.30 and depend on how perceive the value of Hibiscus will be.

Market will adj to its right PE ratio whether to 8 or 10 ... towards end of December USA might pump up oil production and this might reduce oil price to range between 60 to 68.

JJ thanks for sharing.

Seeing the result quite impressive at first sight .... but got one questin to ask the main source of profit is from associate SPLASH amounting to 40.6 m for that qtr that almost is the bottomline, after SPLASH disposed, will the bottomline significantly reduced ....

Just for discussion purpose .... but good thing is KPS had purchased new subsidiaries .... but the golden goose had been disposed .... if wrong correct me ... since not going into detail ....

Just for sharing purpose:

You can use Shan 50 m × 4 = 200 m / 1.588 b to get the price for hibiscus at 1.26 if pe ratio is 10 ... this to assume each year there is some shutdown period for North Sabah and Anasuria field provided there is no oversupply issues that drag down the price and tax issues.

If 1.26 to 1.30 is next target price then still have at least 15% gain in immediate short term .... but if tomorrow gap up at 1.20 to 1.30 level then u need to determine your position ....

Just my nonsense sharing ... bye ...

Hi Alandrake i used PAT not PBT so there is no wrong on this computation. The bottomline still is 4.9 million. To work out the all inclusive profit .... u need to add back this qtr anasuria losses and add next qtr anasuria expected profit then will know the price.

The only i overlook is Anasuria this qtr is no revenue but at losses. Key point is here.

Yup dericlock you are right, this qtr only North Sabah produce bottomline ... if including Anasuria bottomline ... then price can even fetch higher at least 1.50 or even more ... unless North Sabah going have maintenance shut down in following qtr or any upward adj in royalty fee and petrol tax ...

Thumb up to hibiscus.

Did not go into detail of the report …. but noted the following:

Profit after taxation = 98,751,000
Less: Negative goodwill from biz comb. = 93,821,000
Actual profit is 4,930,000

Number of shares: 1.588 billion

EPS = 4,930,000 / 1,588,000,000 = 0.3 cent not 6.22 cent

And going into oil field profit, noted that the PAT margin for North Sabah is similar to Anasuria margin at about 3-4%, think quite at low side, and this mean tax regime quite high.

Another thing is North Sabah having planned maintenance in following qtrs. …

One more thing is whether government to increase tax on North Sabah oil field during new budget announcement ….

Just nonsense sharing, you can ignore me …. but at first sight, really fantastic profit and going into detail, North Sabah did not bring better margin and bottomline to Hibiscus …. maybe I am wrong since not going into detail

Halite, 25% also a good gain, my cost price is similar to you, I sold in different stages, maybe average selling only sikit higher than you. You done great job already.

Towards next qtr result still have 3 months to go, anytime can buy … at least you can have peaceful mind if results turned very bad ...

Halite, you are the optimistic for lionind this forum and having high expectation on coming EPS, finally you sold, but to me, i think you done the great job, at least you won the money before result out …. anytime can buy back …

Don't you mind to share what is your average cost price ? if your cost is about 0.75, if you sold 1.00, you also have 33% good profit ...

The main source of income is from plywood and timber business, like timber door, wood panel. If got time, will share more on this. Revenue and bottomline will be impressive up in following qtrs.

good for having Albukhary support. Road is not lonely ….. one day, this ssteel forum will be hot like kopitiam like huaan like lionind ….

Need to wait 2 more steel counters result out, then Ssteel might be can get more people's attention …. then the 100 meter run will start from the fair beginning among 4 steel counters but this time Ssteel may lead the 100 meter run ….. nonsense talking again …

good result

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