Due to RHB’s buy recommendation Hartalega share price is going up higher and higher. But Supermax is dropping. It is so ridiculous.
Hartalega is selling Rm 12.42. EPS 15.95 sen for quarter ending September and EPS 6.49 sen for quarter ending June.
Supermax is selling Rm 6.69. EPS 30.58 for quarter ending September and EPS 15.19 sen for quarter ending June.
Based on the above comparison Supermax is very much under price. It deserves a much higher rating.
As you can read from RHB’s buy recommendation that due to Covid 19 pandemic the demand for gloves far exceeds supply and all the glove makers can easily increase their selling prices to make more and more profit. Unfortunately, many investors are rushing to sell their holdings because they are afraid the vaccine will work like a magic wand to stop the Covid 19 pandemic.
I am sure there are many smart investors and Investment Banks taking advantage of the buying opportunity to collect more glove stocks especially Supermax.
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You are again Uncle...it is still better for yourself to accumulate more Supermax and drag it along wherever u go.
2021-01-19 22:09
Lol how many times already need to kompang Supermax? Sounds quite desperate haha how many lots he has
2021-01-19 22:23
1. Retailers are not in a position to fight with big funds out to manipulate prices. 2. Supermax need to improve their dividends as a payback to investors to make the share more attractive.
2021-01-20 00:12
All the best to you Uncle.
I feel for you at 88 years old, still holding losses in stocks.
2021-01-20 10:33
If uncle so confident, it’s an simple arbitrage opportunity. Long Supermx & short Harta.
2021-01-20 18:38
Foreign funds is short selling glove counters, Morgan Stanley is talking the share price down, both working in cahoots. It is easy for foreign big fund to fleece the third world countries.
2021-01-20 18:56
u know ridiculous, ...
then sell sobermax and buy hartalegaga lor ...
small problem dont everytime keep kpkb .
2021-01-20 19:01
retailers can beat JP Morgan largest bank in the world . have connection with federal reserve that can print unlimited amount of money
2021-01-20 19:17
CCCL
Long term smart investors will stays with Harta.
2021-01-19 13:40