THIS STOCK KEEP SOARING AND SURGING AGGRESSIVELY!

sparta

Publish date: Fri, 24 Apr 2020, 03:47 AM

Date : 24 April 2020

Stock : SUPERMX (RM2.30)
Warrant : Supermx-C76 (0.215c)

First of all, congratulation who had followed our calls since RM1.50 - RM1.60. It's an invesment stocks. Please refer our previous blog for trace it as below :

01. https://klse.i3investor.com/blogs/spartan/2020-03-29-story-h1485700066-SUPERMX_WHY_THIS_STOCK_STILL_LOW_WATCH_TO_EXPLODE_ON_APRIL.jsp

02. https://klse.i3investor.com/blogs/spartan/2020-04-14-story-h1505955066-SUPERMX_Low_P_E_Get_ready_for_Glove_Makers_to_surge_100_above_this_2020.jsp

OUR TECHNICAL VIEW :

- 2.25 & 2.28 as a piled, stock will go higher if 2.33 channel break and play range 2.35-2.38 stable.

- 2.25 as support and cutloss should be at 2.18. The price will test higher today RM2.40-2.45

- Immediate new target RM2.60.

- Supermx-C76, the new target should be 0.35 - 0.40 sen

WHAT KIM SAY?

"TOMORROW FLY TO TEST BREAK NEW HIGH RM2.40"

1. Share buybacks refer to a company repurchasing its own shares.
2. Share buybacks boost share prices by reducing the number of outstanding shares in the market.
3.Share buybacks can benefit shareholders if they tick certain boxes. The best use of cash, if there is not another good use for it in business, if the stock is underpriced is a repurchase.
4. Share buybacks should also be most beneficial when shares are bought back below their true value.

So, in simple terms.. share buyback means repurchase of shares by the company. It can happen in three ways.. :

1. Either the company purchases its own shares in open market
2. Issue a tender offer and lastly
3. Negotiate a private buyback

Also, for me there a some reason companies go for share buyback such as :

1. Attempt to boost earnings per share (EPS)
2. Reward shareholders
3. Undervalued shares
4. Lack of growth opportunities
5. Tax advantage

For this SUPERMX case, I chose no. 3 (Undervalued shares) When the company feels the shares are undervalued, a share buyback is used to pump up the stock price, which acts like a support or new base for the stock.

There could be a number of reasons why shares of a particular company are trading lower despite stable fundamentals. A buyback reassures investors that the company has confidence in itself and is determined to work towards creating value for shareholders.

So, this is the time company protect their value of price. Of course its among the best Glove Counter which is still Lowest P/E 29.91 now.

My advise this week (2 weeks period) before May 2020. SUPERMAX will touch cross beyond my first target 2.30 - 2.50. The next target as schedule at http://www.kimstockwatch.com/todaycalls.html

Good Luck!

-= Kim's Group =-

DISCLAIMER : This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock.

SUPERMX (7106)

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