Posted by ket4212 > 2021-08-04 19:08 | Report Abuse

wait 2.5 prepare bullet for buy in

Posted by pjseow > 2021-08-04 20:06 | Report Abuse

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

Posted by kuaTAKtahu > 2021-08-04 20:14 | Report Abuse

Buy Buy Buy Buy Buy Buy

Posted by Boston > 2021-08-04 20:26 | Report Abuse

As at 04/08/21…rm3.10 is the equilibrium price. Market is always right. Glove companies would have lots of cash in hand. Same as Chinese restaurants during cny, lots of cash. After cny, set menu price back to normal, crowds lesser. So lots of cash in hand doesn’t equate to higher share prices.

Posted by Start_0f_the_bull > 2021-08-04 20:41 | Report Abuse

Boston As at 04/08/21…rm3.10 is the equilibrium price. Market is always right. Glove companies would have lots of cash in hand. Same as Chinese restaurants during cny, lots of cash. After cny, set menu price back to normal, crowds lesser. So lots of cash in hand doesn’t equate to higher share prices.
04/08/2021 8:26 PM

----------------------------------------------------
So is the gloves makers' 'CNY' ending anytime soon?
Note: sorry, a prolong covid-19 is nothing to be celebrated about.

Posted by Boston > 2021-08-04 20:58 | Report Abuse

Yes. ‘Cny’ for glove is over since last year.

Posted by myinvestor > 2021-08-04 21:15 | Report Abuse

Supermax should no issue get 1b-1.5b this coming qtr based on increased demand in North America market (Cbp banned TG). Furthermore the plant13 already fully operation according to their US aurelia. The timely planned expansion are listed below.
2020 Plant 11 cap 27.3b
2020 Plant 12 (block A n b) add cap 4.4b
2021 Plant 13 4.3b estimate Total cap 36b
2022 Plant 14 and 15 each estimate 6b each.
Total 48b.

Posted by Start_0f_the_bull > 2021-08-04 22:32 | Report Abuse

Boston Yes. ‘Cny’ for glove is over since last year.
04/08/2021 8:58 PM

Great answer! So you can travel anywhere in the world now? No SOP need to be followed? Plenty of hospital bed available, bar opened, all shops opened, all people fully vaccinated?

Posted by Boston > 2021-08-04 22:41 | Report Abuse

Economy ‘should’ be opening up once vaccination rate hit 70%…maybe mid September Got to live together with this terrible virus. Glove companies are cash rich..good management….you can load up more.

Posted by Start_0f_the_bull > 2021-08-04 23:06 | Report Abuse

Boston Economy ‘should’ be opening up once vaccination rate hit 70%…maybe mid September Got to live together with this terrible virus. Glove companies are cash rich..good management….you can load up more.
04/08/2021 10:41 PM

All I can say is: you are a very confusing person.
You said gloves is over since last year now you say economy may open again in September.
Anyway, hope your pridiction is right (I mean the pandemic is contained from September onwards).

Posted by MoneyMakers > 2021-08-04 23:08 |

Post removed.Why?

Posted by MoneyMakers > 2021-08-04 23:11 |

Post removed.Why?

Posted by elbrutus > 2021-08-04 23:17 | Report Abuse

and if this comes to fruition ...u will be d most happiest in this smax forum ...hahaha

Posted by Maridien2 > 2021-08-04 23:22 | Report Abuse

Joker this moneymaker, u first time play bursa? QR result important nowadays? Sharks mood more important I say, they suka up then up suka down then down.

Posted by MoneyMakers > 2021-08-04 23:28 |

Post removed.Why?

Posted by elbrutus > 2021-08-05 00:09 | Report Abuse

like i have said u will be d most happy person here lo ...that is if u r not scare that alot of smax diehards will f u kaw kaw ...but then again u f until also not scare one ...right ???...lolllllllllllllll

Posted by Boston > 2021-08-05 01:07 | Report Abuse

Start of the bull….I’m bearish on glove…but you’re hard core fan so just to asked you load up to make you happy. I’m not confused.

Posted by Start_0f_the_bull > 2021-08-05 05:51 | Report Abuse

Boston Start of the bull….I’m bearish on glove…but you’re hard core fan so just to asked you load up to make you happy. I’m not confused.
05/08/2021 1:07 AM

I am not a hard core fan on glove and in investment there is no such term called hard core fan either.
Your simple remark "glove is over since last year" if not confused then your remark must be very shallow.

Posted by Start_0f_the_bull > 2021-08-05 08:02 | Report Abuse

Good morning guys,

Hartalega
Qtr ending 31 Dec 20
Profit RM1.0 billion EPS 29c
Qtr ending 31 Mar 21
Profit RM1.12 billion EPS 32c
Qtr ending 30 Jun 21
Profit RM2.26 billion EPS 66c

For those who think that bullish mood on gloves is over is acceptable at least for me.
But for those who think that gloves is over since last year this simple data tabulated by me may help.

Posted by ket4212 > 2021-08-05 08:35 | Report Abuse

morning

Posted by nahc4131 > 2021-08-05 08:47 | Report Abuse

Share Merkel is the country index n a index show the government ... ....

Fail or success

Posted by Bgt 9963 > 2021-08-05 08:54 |

Post removed.Why?

Posted by wallstreetrookie > 2021-08-05 08:57 | Report Abuse

Another day for the foreign funds to cover

Posted by imvu > 2021-08-05 09:03 | Report Abuse

. bulan ni hijau .

Posted by myinvestor > 2021-08-05 09:08 | Report Abuse

US new cases hit above 111k.

Posted by Habisgl0ve > 2021-08-05 09:18 |

Post removed.Why?

Posted by Stealth > 2021-08-05 09:26 | Report Abuse

top glove will lead today

Posted by Ryan83 > 2021-08-05 09:28 | Report Abuse

Supermax will lead today

Posted by imvu > 2021-08-05 09:28 | Report Abuse

rasa rasa bulan ni boleh jadi jutawan lagi ?

Posted by Stealth > 2021-08-05 09:34 | Report Abuse

top glove behind now--lol

Posted by Ryan83 > 2021-08-05 09:39 | Report Abuse

Delaying US expansion factories almost USD550millions(RM2.2billions) will free up more cash to reward shareholders

Posted by Benhobenhobenho > 2021-08-05 09:47 | Report Abuse

Super Thursday back again.

Posted by investmalaysia77 > 2021-08-05 09:51 |

Post removed.Why?

Posted by glovefinish > 2021-08-05 09:57 |

Post removed.Why?

Posted by casanwk > 2021-08-05 09:57 | Report Abuse

Lai lai lai
Risk ratio reward 11cents

Posted by glovefinish > 2021-08-05 10:00 |

Post removed.Why?

Posted by Ryan83 > 2021-08-05 10:05 | Report Abuse

investmalaysia77 delay US expansion meaning no growth hahahaha
Supermax glove capacity will grow 85% from 26 billions to 48 billions end 2022 from Malaysia factories expansion

Posted by glovefinish > 2021-08-05 10:18 |

Post removed.Why?

Posted by pjseow > 2021-08-05 10:31 | Report Abuse

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 ?

Posted by Start_0f_the_bull > 2021-08-05 10:42 | Report Abuse

pjseow 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 ?
05/08/2021 10:31 AM

That 'clever' guy has left GF and MM smelling his smoke behind him.

Posted by Boston > 2021-08-05 10:46 | Report Abuse

Pjseow…cny meal once a year(high asp)..glove asp can go up back to 100?? From rm20 dropped till rm3.50…how to explain??? Both buyers/sellers reading same informations.

Posted by Habisgl0ve > 2021-08-05 10:52 |

Post removed.Why?

Posted by Boston > 2021-08-05 11:03 | Report Abuse

Habisglove…initially I thought every front liner have to change glove to treat different patient. That’s why last year panick buying from all hospitals around the world it regardless of price. Just went for vaccination yesterday at MSU, front liner don’t have to change…just spray sanitizer to the glove. Demands definitely will be greater than previous years but supplies overwhelming them. End of the day, super cash rich companies with low share prices.

Posted by Citadel9999 > 2021-08-05 11:04 |

Post removed.Why?

Posted by Boston > 2021-08-05 11:11 | Report Abuse

During cny grandmothers also know meals at restaurants more expensive. Not trying to talk down glove prices, who knows maybe asp can shoot back to usd100.

Posted by nataliekoo > 2021-08-05 11:22 | Report Abuse

No worries, limit up soon !!

Posted by pjseow > 2021-08-05 11:29 | Report Abuse

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 .

Posted by Citadel9999 > 2021-08-05 11:33 |

Post removed.Why?

Posted by Boston > 2021-08-05 11:35 | Report Abuse

Pjseow…good write up. As I said, market is always right. It’s reflected on the daily closing. Buyers vs sellers different interpretations. You might be right when price go back up to rm8.50 but right now sellers are right.

Posted by GlovesOff > 2021-08-05 11:39 |

Post removed.Why?