Price Target Analysis: SUPERMX (7106)

The company is buying back the shares and again recently on 23Sep.2024

7106 SUPERMX SUPERMAX CORPORATION BHD
Notice of SBB by a Company Pursuant to Section 127 (16) of CA 2016
Date of Buy Back : 10/09/2024
No. of Shares Purchased : 1,223,500 shares
Minimum Price Paid For Each Share Purchased : RM 0.800
Maximum Price Paid For Each Share Purchased : RM 0.800
Total Amount Paid For Shares Purchased : RM 983,009.04
Shares Were Purchased Through : Bursa Malaysia Securities Berhad
No. of Shares Purchased Retained in Treasury : 1,223,500 shares
Total No. of Shares Retained in Treasury : 170,000,000 shares
Total Issued Capital as Diminished :
Date Lodged With Registrar of Company : 23/09/2024
Lodged By : Boardroom.com Sdn Bhd
Remarks:
You are advised to read the entire contents of the announcement or attachment.

To read the entire contents of the announcement or attachment, please access

the Bursa website at http://www.bursamalaysia.com
Submitted By:

1 month ago

The 2 continuing articles in The Edge suggested that telling good stories about themselves, pushed Nvidia & Tesla’s valuations up a lot higher than their underlying earnings. Why isn’t Supermax IR doing something, anything a little like this? First place of reference for anyone is naturally their website but its current state is just terrible and doesn’t install much confidence. Can the CEO of supermax please revamp it quickly!

1 month ago

Sorry, instill confidence, not install confidence & we desperately need that.

1 month ago

Mini2021

You come back another 6 months ...no need to grandmother story...

1 month ago

We need all minority shareholders to push Supermax management to up its game in projecting the company adequately, perhaps learn from Kossan, Hartalega or Topglove. Its shares should not be trading at half its book value when these 3 in the same industry are more than 1 & half time.

1 month ago

ScotFree

No worry lah. SUPERMAX is now in investment mode, building capacity..down time build, up time reap

1 month ago

There's no need to worry (go for holiday for a month or two) and let the stock move up gradually to it's next resistance at 0.955 which is quite far. RSI is at 54% indicates it's neutral position. This is a good time to accumulate to each individual capacity and tolerance.

1 month ago

Today, I managed to buy some more.

1 month ago

EngineeringProfit

Glove party approaching ke??

1 month ago

EngineeringProfit,
Yup, don't miss the opportunity.

1 month ago

newbie9893

look likes glove counters going to shoot up to the moob soon lead by Harta...buy...........

1 month ago

blackmamba87

All the price target says Supermx to be at RM1. But no harapan also..

1 month ago

Supermax share price is going the opposite direction of the industry. It must be the market reflection of what it thinks of its management. Why is it not projecting anything positive about supermax? Wonder if they even talk to analysts regularly. Wonder when they are going to revamp their disgracefully outdated website. Where the hell is its Investor Relation manager?

1 month ago

https://theedgemalaysia.com/node/729668

RSI 46%, can start loading. Next Resistance is 0.955

1 month ago

bose00

1 month ago

bose00

Good news!

1 month ago

Limit up lol

1 month ago

Last week, I managed to get some. Today, I queued but didn't manage to close. See tomorrow, any luck.

1 month ago

Gaussian, not so far la, okay.

1 month ago

Gaussian,
be patient, man man lai...
Time to accumulate dan tunggu.
https://theedgemalaysia.com/node/726994

1 month ago

hng33,
wait,,,,,, not yet!

1 month ago

Supermax price will definitely be the same as kossan. lol

1 month ago

EngineeringProfit

SUPERMAn is my favourite

1 month ago

freddiehero

rili cool superman... its real hero

1 month ago

Gaussian, I really really hope Supermax can be nearer Kossan’s price to recover losses for some & make a little more profit for some but what we small time shareholders should really really hope for is its management to arise from their slumber to tell the company’s story to give everyone the good feel. They should really start by trashing its shamefully outdated & uninspiring website! Perhaps if the sensible Thai daughter oversees the management, it’ll do much good for minority shareholders.

1 month ago

On Friday, traders showed some enthusiasm in buying , with RSI reaching 48.4%; still a good level to accumulate before Texas factory starts it's operation in Jan.2025. Hopefully, on Monday, this positive trend and yet moderate buying continues to touch 0.955 which is a 9% improvement. The management is not in slumber but could only allows the market to decide its movements.

1 month ago

Everyone should go to www.supermax.com.my to see how outdated the website is. Latest news posted was 14 Apr 2023, latest photo in Photo Gallery is 16 July 2012. Does not give very good impression on com. Alamak, pay lah some money to make it look good & impressive, not management on sleep mode. How can we hope for pension fund of Norway to be interested like that?

1 month ago

Yup, their website needs an immediate attention for updates.

1 month ago

jklkk911

dont be suprise if they still take order only by fax in PO

4 weeks ago

ket4212

I hope trump win election

4 weeks ago

Price has softened a little and yet buying was very conservative. Good opportunity for
medium term investors. Personally, I have accumulated for quite bit; with extra money, I would certainly continue to buy.

4 weeks ago

Now, we see some strength in the buying, it (RSI) has moved above the 50 centerline mark to 55,4. Positive indication that buying is gradual means the presence of mid-term investors.

3 weeks ago

hng33

sold supermax at 85.5sen, locked profit first

3 weeks ago

https://theedgemalaysia.com/node/731276

Sold too early lol

3 weeks ago

speakup

3 weeks ago

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2 weeks ago

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2 weeks ago

Dannyfyl88

This is perhaps the cheapest Gloves stock with the most potentials with greater return. This was at same price or higher than Kossan and TG. Look at it now... shit because of family feuls...

1 week ago

chunah

Will be Superman v v soon
Buy b4 he fly

1 week ago