SUPERMAX CORPORATION BHD

KLSE (MYR): SUPERMX (7106)

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Last Price

0.845

Today's Change

-0.005 (0.59%)

Day's Change

0.835 - 0.85

Trading Volume

1,241,000


100 people like this.

222,689 comment(s). Last comment by mf 5 hours ago

Posted by Start_0f_the_bull > 2021-09-14 14:24 | Report Abuse

CharlesT and MM now sing different tunes already.
Ha ha, interesting.

MoneyMakers

7,647 posts

Posted by MoneyMakers > 2021-09-14 14:29 |

Post removed.Why?

MoneyMakers

7,647 posts

Posted by MoneyMakers > 2021-09-14 14:33 |

Post removed.Why?

winmal

1,128 posts

Posted by winmal > 2021-09-14 14:34 |

Post removed.Why?

skyu

2,497 posts

Posted by skyu > 2021-09-14 14:41 | Report Abuse

fui yo today here minyak busy with coke talker

Keyman188

5,968 posts

Posted by Keyman188 > 2021-09-14 14:46 | Report Abuse

Among top 4 taikor...

Today Supermax is the worse glove counter...

Amboi...

pjseow

2,264 posts

Posted by pjseow > 2021-09-14 14:51 | Report Abuse

Based on IB UOBKayHian latest report dated 8 September , it showed a consensus PAT of 882 millions for supermx in FY2023. Its assumptions of normalised blended ASP is US 25.5 per 1000 and nett margin of 15.1 %. It also assumed a capacity of 36 billions pcs. p.a.
FY 2023 will start in mid CY 2022 which is 9 months from now. The assumption of ASP 25.5 is lower than the 30 to 35 which Harta CEO Kuan mentioned in HARTA AGM.
The 882 million profit is 882/124 = 7.11 times higher than pre pandemic profit of 124 million.
Will the market give the same.price to supermx when.its earning is 7.11 x the pre pandemic price ? Pls note that supermx will be a much stronger company in terms of cash position , capacity and its new business model . The IB also assumed a flat.ASP of 25.8 and.a lower nett margin of 14.6 % in.FY 2024.

Well , despite this consensus number from IBs , Money maker will.still continue his BS of 65 sen pricing post pandemic.

Posted by Investor126 > 2021-09-14 14:58 | Report Abuse

But why on this suppress??
Any IB care to explain?
Demand for gloves continue to stay strong. Rival China is not a threat to our big 4, THKS. Yet the share price being manipulated as aggressive as the expansion of gloves factories?

idunwork

431 posts

Posted by idunwork > 2021-09-14 15:00 | Report Abuse

The support from the supporters is not real because whenever they face the short sellers' attack, they surrender.

SinGor

4,917 posts

Posted by SinGor > 2021-09-14 15:01 | Report Abuse

Before and after Super's Qr, i ask ppl to Sell TG first than Sell Super. It is Not TA or FA but ASP
sentiment. All Glove Counter rocket Up bcos of ASP.....now the rocket fuel is finished, the rocket
is falling down to Earth

skyu

2,497 posts

Posted by skyu > 2021-09-14 15:03 | Report Abuse

aiseh pj siao , lu still day day come here and promote gloves,? go promote number forecaster company ma.

MoneyMakers

7,647 posts

Posted by MoneyMakers > 2021-09-14 15:08 |

Post removed.Why?

MoneyMakers

7,647 posts

Posted by MoneyMakers > 2021-09-14 15:11 |

Post removed.Why?

wbwanabe

224 posts

Posted by wbwanabe > 2021-09-14 15:11 | Report Abuse

Time to buy more Smax :)

pjseow

2,264 posts

Posted by pjseow > 2021-09-14 15:14 | Report Abuse

skyu , this number comes from IBs not from me. I just quote their numbers and compare with the factual PAT in FY 2019. This is not my forecasting. Do you understand English?
--------------------
skyu aiseh pj siao , lu still day day come here and promote gloves,? go promote number forecaster company ma.
14/09/2021 3:03 PM

KML889

1,092 posts

Posted by KML889 > 2021-09-14 15:14 | Report Abuse

Rigorous selling is for real despite whatever analysis by who or by what. Check the numbers in front of your screen. Sometimes admit mistakes doesn't mean submissions or end of the world. Live to fight another day another ground else get buried by your own egos.

ToneeFa

2,529 posts

Posted by ToneeFa > 2021-09-14 15:15 |

Post removed.Why?

Larn

280 posts

Posted by Larn > 2021-09-14 15:16 | Report Abuse

As of yesterday 13 Sep, net short position volume and %

SUPERMAX 74,627,986 (2.74%)

TOPGLOV 205,226,692 (2.50%)

KOSSAN 45,738,485 (1.79%)

HARTA 47,677,056 (1.39%)

Seanyew

147 posts

Posted by Seanyew > 2021-09-14 15:17 | Report Abuse

Supermax RM1.80 can consider

Geek2020

970 posts

Posted by Geek2020 > 2021-09-14 15:19 | Report Abuse

10 days red candle.. RSS just whack on Hartalega’s press conference

Posted by munfatt2000 > 2021-09-14 15:19 | Report Abuse

i hold until next year

Geek2020

970 posts

Posted by Geek2020 > 2021-09-14 15:21 | Report Abuse

MOF Minister wants public wishlist. Those holding gloves kena whack by RSS should go petition to him to temporarily ban RSS..

Posted by NatsukoMishima > 2021-09-14 15:24 | Report Abuse

Malaysia confirmed cases break 2 millions !

ToneeFa

2,529 posts

Posted by ToneeFa > 2021-09-14 15:26 |

Post removed.Why?

Maxsuper

1,421 posts

Posted by Maxsuper > 2021-09-14 15:28 | Report Abuse

.. sometimes diehards don't understand that you need lots of cash to buy shares... n now ppl simply don't put their money in gloves.., a no future counter..

ToneeFa

2,529 posts

Posted by ToneeFa > 2021-09-14 15:29 | Report Abuse

Geek2020 MOF Minister wants public wishlist. Those holding gloves kena whack by RSS should go petition to him to temporarily ban RSS..
14/09/2021 3:21 PM

Yup Geek2020, perhaps everyone here can write directly to him and appeal to him to suspend RSS for glove counters only, and hope he listens.

ToneeFa

2,529 posts

Posted by ToneeFa > 2021-09-14 15:30 | Report Abuse

tengkuzafrul@mof.gov.my this is his email. Everyone should write direct to him.

bigfan01

60 posts

Posted by bigfan01 > 2021-09-14 15:31 | Report Abuse

haha, very funny for this forum .. the admin only allows people to talk gd abt glove counter, any negative views ll b deleted immediately .. i tot forum suppose to give people freedom to voice out ...
then ok la ..
Supermax is top counter in malaysia
Will rocket fly to rm20 very soon !!!!!

MoneyMakers

7,647 posts

Posted by MoneyMakers > 2021-09-14 15:31 |

Post removed.Why?

GlovesOff

2,499 posts

Posted by GlovesOff > 2021-09-14 15:33 | Report Abuse

Today's tengku zafrul fault ... I see

ToneeFa

2,529 posts

Posted by ToneeFa > 2021-09-14 15:33 | Report Abuse

I think it really makes no sense that counters with billions of cash in hand, and making billions annually and giving huge dividend should be shorted so aggressively everyday. I really mean everyday non stop.

rchi

20,946 posts

Posted by rchi > 2021-09-14 15:36 | Report Abuse

Cases reduced to 15k plus.Gloves dip more.

MoneyMakers

7,647 posts

Posted by MoneyMakers > 2021-09-14 15:38 |

Post removed.Why?

MoneyMakers

7,647 posts

Posted by MoneyMakers > 2021-09-14 15:39 |

Post removed.Why?

imvu

7,888 posts

Posted by imvu > 2021-09-14 15:43 | Report Abuse

bulan 10 hijau .

Larn

280 posts

Posted by Larn > 2021-09-14 15:45 | Report Abuse

The RSS will be re-introduced with the following enhanced control measures to ensure stability and maintain investor confidence:

1.) The daily gross short position limit for Approved Securities[1] will be temporarily reduced from 3% to 2%; and

2) A new cap of 4% on RSS aggregated net short position will be introduced.

Posted by Debonnaire > 2021-09-14 15:46 | Report Abuse

pre-pandemic peak present
------------------ ------ ----------
Intco 9.0 230 97
Mercator 12.0 500 155
Supermax 0.65 10.50 2.60

Intco is still up more than 10 times from Jan 2020 level
Mercator is till up more than 12 times from Jan 2020 level

Benchmarking with international peers, what is Spx fair value from its pre-pandemic level?

ToneeFa

2,529 posts

Posted by ToneeFa > 2021-09-14 15:47 | Report Abuse

@MoneyMakers Company got no cash 4 shareholders @ all set aside US factory

Future is prepandemic profits & 2-3sen div only
14/09/2021 3:38 PM

Aiyoh when build factory also got longer term pay back. Cash now or more cash in the future mah. But seriously, the over shorting is over done and should not have been allowed to go on. TG is bearing the biggest brunt now.

Larn

280 posts

Posted by Larn > 2021-09-14 15:47 | Report Abuse

RSS for supermax will run out of bullet if they keep going this rate..

Posted by munfatt2000 > 2021-09-14 15:51 | Report Abuse

I hold until 5

Supermax Corporation - FY21 Inline With Expectations
Date: 27/08/2021

Source : KENANGA
Stock : SUPERMX Price Target : 5.00 | Price Call : BUY
Last Price : 2.73 | Upside/Downside : +2.27 (83.15%)

Posted by investmalaysia7777 > 2021-09-14 15:51 | Report Abuse

no need to email la. tweet tengku la.

Posted by Start_0f_the_bull > 2021-09-14 15:54 | Report Abuse

TG qtr results has been leaked. Now shorties run with their tails between the legs.
Just saying.

ToneeFa

2,529 posts

Posted by ToneeFa > 2021-09-14 15:55 | Report Abuse

Ya, actually the effect of the extreme RSS has created a situation where investors do not have any basis to evaluate the glove counters anymore. Nothing make sense alrdy whether FA or TA , bcos all basis are thrown out the window by the shortists. Its all up to their whims and fancies to maximise their profits by bullying the retailers. All that is left is fear of the unknown.

Posted by investmalaysia7777 > 2021-09-14 15:59 | Report Abuse

I taught you guys always ask RSS to try harder?

Posted by investmalaysia7777 > 2021-09-14 16:00 | Report Abuse

Now cheap enough or not?

Posted by investmalaysia7777 > 2021-09-14 16:00 | Report Abuse

RSS losing now?

Posted by investmalaysia7777 > 2021-09-14 16:00 | Report Abuse

From RM6&7 to RM2.5

Posted by investmalaysia7777 > 2021-09-14 16:00 | Report Abuse

I taught you guys say walk to the bank happily?

Posted by investmalaysia7777 > 2021-09-14 16:01 | Report Abuse

going bank for personal loan now?

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