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KLSE: SUPERMX       SUPERMAX CORPORATION BHD
Last Price Avg Target Price   Upside/Downside Price Call
1.98 2.04     +0.06 (3.03%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
31/05/2017 2.01 2.11 +0.10 (4.98%) HOLD MIDF Price Target News
31/05/2017 2.01 1.95 -0.06 (2.99%) HOLD KENANGA Price Target News
31/05/2017 2.01 1.76 -0.25 (12.44%) SELL JF APEX Price Target News
31/05/2017 2.01 2.29 +0.28 (13.93%) HOLD BIMB Price Target News
31/05/2017 2.01 1.90 -0.11 (5.47%) HOLD Affin Hwang Capital Price Target News
27/02/2017 2.06 1.90 -0.16 (7.77%) SELL TA Price Target News
27/02/2017 2.06 2.20 +0.14 (6.80%) HOLD MIDF Price Target News
27/02/2017 2.06 2.15 +0.09 (4.37%) HOLD KENANGA Price Target News
27/02/2017 2.06 2.10 +0.04 (1.94%) HOLD ALLIANCE Price Target News


Price Target Research Article/News (past 6 months)
31/05/2017  MIDF Supermax - Revenue Offset By Higher Operating Expenses
31/05/2017  KENANGA Supermax Corporation - 9M17 Weaker, Hit By Expenses
31/05/2017  JF APEX Supermax Corp Berhad - Headwinds ahead
31/05/2017  BIMB Supermax - Higher raw material costs
31/05/2017  Affin Hwang Capital Supermax (HOLD, maintain) - Start-up losses
27/02/2017  TA Supermax Corporation - Sequentially Poorer Performance on Reduced Output
27/02/2017  MIDF Supermax - Lower Production Output A Drag To Earnings
27/02/2017  KENANGA Supermax Corporation - 1H17 Below Expectations
27/02/2017  ALLIANCE SUPERMAX - Earnings impacted by lower volume



  31 people like this.
 
Jon Choivo Time to buy.

If we assume that supermax can make 100mil in profit this year, considering it made more than 100m in the last 4 years. Its trading at 13-14PE. With most of the new plants and contact lens business etc not yet kicking in.

Ill just hold. I wont buy too much more as there is alot of good companies in the KLSE. But this one is definitely worth holding say 5-10% of portfolio in.
06/06/2017 15:04
MoneyMustCome buy buy buy
06/06/2017 17:26
ivan9511 wtk. bukan just released super good results and dividend also increase from last year 2 sen until 2.5 sen. so why still not limited up ?
06/06/2017 19:17
Eric Teh http://www.theedgemarkets.com/article/supermax-forges-ahead-contact-lens-venture
06/06/2017 23:13
ivan9511 thanks eric teh
07/06/2017 02:56
wiki123 Just to give a maths calculation and comparison:- St shine optical revenue = RM0.9 bil for 250mil pcs per year. Net profit = 34% = RM230mil. For Supermax, now yearly production is 70mil pcs, that will be 28% of St Shine optical taiwan. So which means it could be RM64 mil profit per year. Even if we count very conservatively by half the profit/revenue, it could mean RM32mil profit per year. That would mean RM8 mil per quarter. This can change once they introduce more higher value product mix, think easily RM10mil per quarter can be achieved...
07/06/2017 16:54
wiki123 Another way to look at is - Lets just say the product mix is 90% 1 day, and 10% weekly/monthly, then we get RM1 profit for 1 day type and RM3 profit for weekly/monthly, this will come to easily RM70mil profit per year for 70mil pcs which could amount to RM17mil per quarter extra profit from this business... so this is still quite substantial... P/S daily is sold as 30pcs for same price as weekly/monthly which is 6pcs....
07/06/2017 17:14
ProStockbroker Share is not about profit, is all about goreng. This stupid stanley dont want to goreng, no choice.
07/06/2017 18:03
bbc99 the only good thing of supermx is, they keep buying back their shares..hahah
08/06/2017 10:22
Save Glove shares lead by Harta, Topglove and carepls already break new high. Kossan and supermx will follow suit....let watch the show
08/06/2017 10:33
Save Show start!
08/06/2017 11:25
ProStockbroker this lapsap stock is just like a dog following people while other flying, but always cant chase after them. I am still having paper loss. I can buy topglove at 4.8 and you can see how much topglove worth now. Even I am a shareholder and I wont buy their stupid contact lens. If supermax wants to make me lose money in share, I will make supermax lose in market share for contact lens. Pukima pui!
08/06/2017 11:45
carilembu 1 day up next day down. maybe wait n see 2morow trend.
08/06/2017 12:05
carilembu Start-up Losses

Supermax reported yet another disappointing quarterly results despite the improving outlook for the Rubber Gloves sector. Although 3Q revenue rose a strong 30% qoq, core net profit fell 13% on a combination of a margin squeeze in the Glove division and ongoing start-up losses in its Contact Lens division, which is still in the nascent growth phase. With the lack of visible capacity growth coupled with the drag from the Contact Lens division, Supermax’s earnings growth is likely to stay tepid in the near term. HOLD.
08/06/2017 12:07
carilembu Maintain HOLD; TP Unchanged at RM1.90

While the Rubber Gloves sector continues to exhibit resilient volume growth momentum owing to the rebalancing of sector dynamics, we believe Supermax has yet to position itself to capture the earnings upcycle with its lack of visible capacity expansion. The lack of disclosure for its Contact Lens division also makes it difficult to decipher the financial viability of the new business stream. We lower our earnings forecasts by 5%-17% for FY17-19 on lower margin assumptions due to higher-thanexpected start-up losses. However, our TP is unchanged at RM1.90 as we rolled forward our investment horizon to CY18E on an unchanged target PER of 13x.

Source: Affin Hwang Research - 31 May 2017
08/06/2017 12:08
Save The strategy is buy harta just after consolidation, take profit when harta price up and buy supermax for 2nd round........
08/06/2017 12:47
brainfart from the time i bought supermx at 2. topglov was dropped to 4.6x. now topglov is at 5.74, supermx still stuck at 2... what a joke
08/06/2017 13:54
Cockcroach Brainfart
My friend faced the same thing as you so he cut loss at 1.98 and switched to other counters.
Think he waited for one year
08/06/2017 14:24
Save What to do? Buy the leader or bluchip first, then only swap to follower ma. Next year supermx only perform because lower base this year.
08/06/2017 15:14
wakarimas last time election moment, how is the performance of every glove stock?
08/06/2017 18:01
riko hamparan glove up but supermx ... rename it to superworst.
09/06/2017 11:38
Save Ha Ha Supermx currently can only curi-curi naik as all IB asked not to buy, hold only
09/06/2017 11:47
David Ng The company decides not to breakdown the revenue and results in the last quarterly report and that makes it difficult to know the progress of the plants and contact lens business (after investing over than 100M)...

Think, if the contact lens business have been contributing positively now, do you think you can buy this at the current price ?
If this company is without hiccups for the past 2-3 years, do you think you can buy it now at Rm2.0x ?
It's a potential turnaround company with a upside earning catalyst if they can make the contact lens business right.
09/06/2017 14:16
voon1900 this is a manipulation counter...those buy c27...good luck to hell
09/06/2017 15:14
MoneyMustCome hold until I die and lose grip.....
09/06/2017 16:35
bjaya The way the last QR was presented smacked of "something-to-hide ". Today many of its peers registered a double digits gain and this contrarian counter is still sliding.
09/06/2017 16:41
Woo John Both topglove and kossan continues uptrend in share prices but not supermax. Harta after yesterday hugh jump remain unchanged. Supermax....... ????
09/06/2017 16:44
bbc99 obviously, someone is trying very hard to press down the price.
09/06/2017 17:36
Kyou Still can drop to 1.99?? If yes, buy some for next year prospect ...Lol
09/06/2017 17:51
meistsk3134 topglov, kossan, harta all up. why supermx super drop?
does topglov kossan harta related to election coming ??
09/06/2017 17:58
riko if you look at the volume it trade, it is not about contact lens or pe or whatsoever... it is simply manipulate.
09/06/2017 18:12
ryong92 I think careplus rm1 this crap still at rm2-2.1
09/06/2017 18:34
meistsk3134 supermx can buy cheap with huge lot while top kos har need lot money to buy
10/06/2017 21:02
donaldtrump elephant stock
13/06/2017 10:58
riko superworst .. up least drop most
13/06/2017 15:16
Cimbnet Zzz, really up least drop most
13/06/2017 16:56
ProStockbroker I ady cut lost lol. Show a finger to that sorchai stanl3y.
13/06/2017 18:13
mancingbursa Do anyone here helping me to copy and paste the acticle below to

AA 5099 forum

bcos im promise smo there to be silence reader, tq


(JN88 Icon8888 mention when he buy......after sold Icon also mention he sold all.......so far in I3 I think he is the first one got crystal ball to do this thing.....

I love his personality so much.....

Richardle you should learn.
15/06/2017 16:18)

thank you and appreciated
15/06/2017 17:22
mancingbursa Bcos BuyWithConvince
Forrce me out there
Thank....
15/06/2017 17:23
chkhooju Avoid!
15/06/2017 17:56
scgan Ownership of shares:-
Stanley Thai (Kim Sim) - 20.44%
Tan (Bee Geok Cheryl) - 20.44% (Stanley's wife)
What would you do if you are in their shoes?
17/06/2017 16:09
MoneyMustCome how leh
19/06/2017 12:15
Eric Teh At least got one good news. Latex price still in down trend. Today drop kaw kaw.
20/06/2017 13:26
abang_misai Support Icon8888, buy!
20/06/2017 13:44
wakarimas drop like hell..........
21/06/2017 15:29
Cornerstone market bad mah... 650 stocks down...
21/06/2017 15:32
Superb99 Comfort also improved a lot but this clumsy counter still going down hill...wtf....
23/06/2017 00:42
Jon Choivo Every time someone say will drop, i buy abit more.

If you normalize the earning of this company, the P/E is 10-13. 10-13 P/E glove company that is expanding in to contact lens.

OPCF to price is also 10X.

Hartalega is almost 35X OPCF to Price.

Hartalega is a fantastic company, but got until 3.5X more valuable than supermax for every dollar earned mou?

I can wait. No worries. Its only 7-8% of portfolio. Man man lai.
23/06/2017 00:50
titus bought some supermax today. Keep it under the bed for 1 year. See supermax can turn to become superman or supershit
23/06/2017 12:23
wakarimas drop for no reason....
23/06/2017 17:06


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