Highlights
KLSE: SUPERMX (7106)       SUPERMAX CORPORATION BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
2.55   +0.09 (3.66%)  2.47 - 2.55  5,108,800
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Overview

Market Cap: 1,689 Million
NOSH: 662 Million
Avg Volume (4 weeks):4,141,670
4 Weeks Range:1.99 - 2.55
4 Weeks Price Volatility (%):
100.00%
52 Weeks Range:1.69 - 2.55
52 Weeks Price Volatility (%):
100.00%
Average Price Target: 2.15
Price Target Upside/Downside: -0.40

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2017[#2]  |  14-Feb-2018
Next QR | Est. Ann. Date: 31-Mar-2018  |  30-May-2018
T4Q P/E | EY: 18.38  |  5.44%
T4Q DY | Payout %: 2.16%  |  39.87%
T4Q NAPS | P/NAPS: 1.59  |  1.60
T4Q NP Margin | ROE: 7.63%  |  8.73%

Headlines

Date Subject
15-Feb-2018 Supermax - A Pleasant Surprise
15-Feb-2018 Supermax Corporation - 1H18 Above Expectations, But Weak Guidance Visibility
09-Feb-2018 M+ Online Technical Focus - 9 Feb 2018
09-Feb-2018 Daily Market Update - 9 Feb 2018 (SUPERMX, HSSEB)
18-Jan-2018 Daily Technical Highlights - (WASEONG, SUPERMX)
17-Jan-2018 Daily Market Update - 17 Jan 2018 (N2N, SUPERMX)
17-Jan-2018 M+ Online Technical Focus - 17 Jan 2018
09-Jan-2018 SUPERMAX: MUST HAVE STOCK IN LIST
14-Dec-2017 王宝钦.大亨交班?
08-Dec-2017 PublicInvest Research Headlines - 8 Dec 2017
08-Dec-2017 Mplus Market Pulse - 8 Dec 2017
28-Nov-2017 Supermax Shares Plunged Over Thai's Conviction for Insider Trading
27-Nov-2017 Mplus Market Pulse - 27 Nov 2017
24-Nov-2017 (Icon) Supermax (3) - Turning Around
23-Nov-2017 速柏玛反弹上挑RM2.16/敏源
22-Nov-2017 税率效率成关键.速柏玛盈利料稳增
22-Nov-2017 Supermax - Going With the Tide
22-Nov-2017 Supermax Corporation Berhad - Refurbished Old Production Lines Boosted Revenue
22-Nov-2017 Supermax Corporation - 1Q18 Within But Weak Visibility
21-Nov-2017 Supermax to Expand Contact Lens Business

Business Background

Supermax Corporation Berhad is an investment holding company. The Company, through its subsidiaries, is engaged in the manufacturing and sales of latex gloves. It has operations in America, Europe, Asia/Australia and Africa. As of December 31, 2010, it had nine factories manufacturing various types of latex gloves, which were exported to over 146 countries worldwide, such as the United States, European Union, Middle East, Asia and South Pacific countries. Its subsidiaries include Supermax Latex Products Sdn. Bhd., Supermax Glove Manufacturing Sdn. Bhd., Maxter Glove Manufacturing Sdn. Bhd., Supermax Incorporated and Spenser Glove Manufacturing Berhad. During the year ended December 31, 2010, the Company incorporated a 90%-owned subsidiary, Supermax Deutschland. On March 24, 2010, the Company disposed of its 33% interest in Medirite Supermax (Australia) Pty Ltd.
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  36 people like this.
 
MoneyMustCome @superbull followed you closely +1!~
15/02/2018 21:00
superbull11 ppl buy low sell high , EPF buy high , sell low , their fund manager in invest in mid cap stock is 100 percent rubbish , IQ+EQ =ZERO
15/02/2018 21:04
Dartmaster Little do you know that EPF is just a medium to provide liquidity for the stock market. They will support the market when it goes down just like few days ago when foreign fund are exiting they are buying. without them the buy and sell queue will be wide apart and price will free fall lol. Not sure how they earn but if everyone were to withdraw their money from EPF i can bet with you they wont have enough to give everyone.
15/02/2018 21:14
Verndetta We shall see the following weeks... Dont need to guess
16/02/2018 11:50
newbie911 USA FUND BOUGHT 5% SUPERMX.

http://www.klsescreener.com/v2/news/view/343229
16/02/2018 17:40
yiniugongxiong SUPERMX 7106 QUARTERLY REPORT 31 DEC 2017
http://yiniugongxiong.blogspot.my/2018/02/supermx-7106-quarterly-report-31-dec.html
17/02/2018 07:33
chamlo USD 3.891-forex loss?
18/02/2018 10:25
Nora Aishah Ali http://nexttrade.blogspot.my/2018/02/supermx-earnings-jumped.html
18/02/2018 17:05
leevoluti0n91 T’CHHALA: Wakanda forever!
18/02/2018 17:28
Springtime Yes Lee...91, Wakanda forever! Better buy your tickets to catch Black Panther
19/02/2018 08:40
superbull11 https://klse.i3investor.com/blogs/GXGXGXGXGXGXGXGX/147606.jsp

SUPERMX- GONG XI FA CHAI ,ANG PAO NA LIAO ,SUPERMX- I WAITING FOR U at RM2.70 ,ONG MALI MALI ONG , HENG ! ONG ! HUAT !

狗年赚得“旺、旺、旺”声 ,希望大家在狗年都可以“旺”足一整年,狗年发大财
19/02/2018 08:55
mahjeen why get press down???
19/02/2018 09:22
Erick Lch Waku Up Supeemax
19/02/2018 09:40
shpg22 Target price revised to 2.85.
19/02/2018 17:55
19/02/2018 18:22
kk7198 Strong closing,expect another good show tomorrow.
19/02/2018 19:08
Verndetta Long term TP 3.10, Mid Term about TP 2.70
19/02/2018 20:55
alistino Posted by Alex Lu at 2/15/2018 10:30:00 PM No comments: Links to this post

Supermx: Earnings Jumped

Result Update

For QE31/12/2017, Supermx's net profit rose 29% q-o-q or 59% y-o-y to RM36 million while revenue rose 8% q-o-q or 42% y-o-y to RM336 million. Revenue rose y-o-y due to strong demand for gloves and higher output recorded. Profits rose due to higher revenue recorded, higher production capacity and also improved operational efficiency.

A comparison of the last 4 quarters' revenue, PBT, PAT, NP & EPS of the top 4 glove manufacturers against the preceding 4 quarters' numbers. This comparison is a bit unfair for Kossan because its latest result is QE30/9/2017 whereas Harta and Supermx have the results for QE31/12/2017 & Topglov's result is for QE30/11/2017. Since I am trying to make a point about Supermx, it sufficed that we compare it with Harta & Topglov. We can see that Harta's revenue and profits have the highest increase among these 4 companies. This is followed by Supermx and then Topglov. The point to note is that Supermx is finally catching up with the other players in this sector- something we have not seen for a while.

Valuation

Supermx (closed at RM2.20 yesterday) is now trading at a PER of 16x (based on last 4 quarters' adjusted EPS of 13.70sen). At this PER, Supermx is the cheapest glove manufacturer listed on Bursa. From the table below, we can see that the other 3 players command PER ranging from 31 to 47 times. If we were to value Supermx at the average PER of 36.7 times and discount that by 20%, Supermx's fair value would be RM4.02.

The market is probably assigning a lower PER for Supermx because its major shareholder, Stanley Thai was found guilty of insider’s trading. He was sentenced to a 5-year jail term & a fine of RM5 million. Stanley is appealing that decision. I believe that a 20%-discount is sufficient to factor in the risk of business interruption if the appeal is rejected and Stanley has to serve the jail sentence.

Technical Outlook

Supermx is moving within a large band between RM1.70 and RM3.30. Within this trading band, its immediate support is at RM2.00 & immediate resistance is at RM2.40.

(Just sharing)
19/02/2018 21:05
20/02/2018 07:57
snowball001 Kesm is a good buy. Its outlook is very good after the recent AGM. It became CIMB's top pick yesterday.
20/02/2018 08:31
Erick Lch Semua masih cuti CNY ke? Belum balik kat Market ke? Push Push Push 7106
20/02/2018 10:24
EngineeringProfit huat ar

TP 2.70 within reach next
20/02/2018 11:23
Mms33 ho ie HENG ! HENG ! HENG ! ho ie ONG ! ONG ! ONG ! ho ie HUAT ! HUAT ! HUAT
20/02/2018 11:23
Datokim this fall on kyy criteria, the old man must be keep buying but tell the whole world he is buying jaks !! !kikikikiki
20/02/2018 12:28
superbull11 SUPERMX - RM 2.70 is waiting for u , ONG MALI MALI ONG ! ONG MALI MALI ONG ! HENG ah ! ONG ah ! HUAT ah !
20/02/2018 12:32
Malatlou Next resistance 2.7
20/02/2018 12:59
Verndetta Huat a!!!! Ong a!!! Wang a!!! Panther of Wakanda is on the move!
20/02/2018 13:04
Macrullen 2.70 still keep or sell all?
20/02/2018 15:28
alistino 2.58 is the next Resistance that is still far away and with the new immediate Support at 2.46, we could expect this counter to close above 2.50 today.
20/02/2018 15:55
Bluenote superbull 11 , SUPERMX when reach RM 2.70 to sell or to keep for the next height , pls advise , Thanks for your advise
20/02/2018 15:57
Rio88 superbull11 ,SUPERMX afternoon seems not good. this morning wave not strong enough??
20/02/2018 16:08
faithhope Superbull, last time reach 2.5 then drop till 1.99, this time hit 2.55 will repeat history?
20/02/2018 17:21
little_pumpkin OMG..double top formed
20/02/2018 17:27
Macrullen I think keep for long time should gain a favorable profit.
20/02/2018 17:42
Macrullen Rubber gloves demand increase especially for medical gloves. Malaysia plans to export 65% rubber gloves to worldwide
20/02/2018 17:43
Macrullen In 2020..
20/02/2018 17:44
alistino I didn't see Double Top in the chart, little_pumpkin.
20/02/2018 22:24
EngineeringProfit no.......just a bad day for bursa.......daily price fluctuation is not important

(unless you are waiting all the time to shout

'huat ar')
20/02/2018 22:30
Malatlou http://www.enanyang.my/news/20180220/业绩超前-追上同行br-速柏玛增长势头强劲/
20/02/2018 23:09
Malatlou More good news,enter before those aunty uncle go in
20/02/2018 23:10
alistino Water supply is one of the primary factors in running an efficient glove production. The company has managed to solve this water issue last year; A very positive development. With their diversification into optic lenses, it would contribute strongly on their coming financial performance further.
21/02/2018 09:52
Springtime I am betting on their optic lens to give this stock a superb performance but there doesnt seem to be much news on their optic lens biz.
21/02/2018 10:08
superbull11 SUPERMX - ONG MALI MALI ONG ! ONG MALI MALI ONG ! RM 2.70 MALI MALI ONG, WAITING FOR U , HENG ah....... ! ONG ah............ ! HUAT ah........... !
21/02/2018 12:25
pretty_life Huat ar...I wan 3.2
21/02/2018 12:28
Yoshi Sor jor.........
21/02/2018 12:35
21/02/2018 12:38
alistino Yes, 3.20 looks more ideal than 2.70. If you have purchased this stock, don't sell it yet.... let it grow.
21/02/2018 12:54
EngineeringProfit Still holding
21/02/2018 12:57
Malatlou Wait it pass 2.7 resistance first, then 3.2 will be another dream
21/02/2018 13:02
EngineeringProfit yes.... yes......surfing earlier wave 1.88 to 2.48.....

this round 2.08 to 2.68 will do

( but shall be back for next....and next.....round )
21/02/2018 13:09


 

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