Dear friends of i3 Forum,

It is by comparing & contrasting that we can find the true facts & figures above all the noise & din.

And it has got to do with Numbers

See

​

​

Now let us look at Some Numbers

1) SUPERMAX

Price is Rm1.23

NAV is Rm1.63

So price to book value = Rm1.23  / Rm1.63

= 75%

Supermax is selling at 25% discoount to Book Value

2) TOP GLOVE

Price is Rm1.32

NAV is 58 sen

Price to book value is 227%

Very over valued.

3) KOSSAN

Price is Rm2.67

NAV is Rm1.50

Price to Book value is 178%

4) HARTALEGA

Price is Rm3.88

NAV is Rm1.37

Price to book value is 283%

More pricy than Topglove?

Ben Graham said he needed a Discount of 30% to NAV as margin of safety

So SUPERMAX at 25% discount is the nearest to safety

2) LET US LOOK AT THEIR CASH ACCOUNTS (refer Bursa)

SUPERMAX (Price Rm1.23)

Cash is 40.11 sen

TOPGLOVE (Price Rm1.32)​

Cash is 6.14 sen

KOSSAN (Price Rm2.67)

Cash is 39.8 sen

HARTA (Rm3.88)

37.15 sen

From Above we SEE that SUPERMAX has the lowest bargain value price with the HIGHEST NET CASH POSITION

(SUPERMAX: We have not gone to disclose its Top 40 Valuable Assets. We shall do it another time to Show Its High Value as a Further Margin of Safety)

Now let us go back in time to year 2020

See secret code by SUPERMAX (refer Bursa)

Ok here you are

(THIS SHARE BUY BACK (SBB) Dated May 13 2020

Notice of Shares Buy Back by a Company Pursuant to Section 127 (16) of CA 2016

Announcement Info

SBB date of notice on May 13 2020

2,888,000

The hidden Code

2 = easy in Chinese

888 = fatt, fatt, fatt

THAT WAS A TRIGGER! AS AFTER THAT SUPERMAX KEPT GOING HIGHER AND HIGHER

Till Supermax crossed over Rm20 & split by 1:1 bonus issue

Now see this latest SBB

& Observe very carefully

Notice of Shares Buy Back by a Company Pursuant to Section 127 (16) of CA 2016

Date of notice for SBB

From May 13 2020 to December 4 2024 is about 4 1/2 years

Is this co-incidental?

Or SUPERMAX BOD giving us another secret code

Right after this SBB Secret code

SUPERMAX declared

1 free bonus for 5 Supermax shares

1 free warrant for 20 Supermax share

After Free Bonus out for trading will Supermax & Supermax warrant Spike up?

We think highly possible from our past 2 Successes

1) ANCOM Gave One Free Warrant for 4

Refer Bursa

52 Weeks Range -  0.30 - 2.45

Up 400% in a very short time

Notion warrant D did even better

52 Weeks Range - 0.26 - 2.05

Notion warrant D jumped over 650% to the high of Rm2.05

SO WILL SUPERMAX AND SUPERMAX WARRANT ALSO JUMP UP IN COMING DAYS?

Future is yet ahead

But we see the Huge Crowd of Enthusiastic People in Supermax

How do we know?

Let us go see i3 Forum to see how many clicked likes

SEE

SUPERMAX

People who like this 

101 people like this

72 people like this.

19 people like this

13 others like this. 

NOW IN JAN 2025 SUPERMAX WILL LAUNCH ITS FIRST GLOVE FACTORY ON USA SOIL CO-INCIDING WITH TRUMP's 2ND INAUGURATION AS US PRESIDENT

TRUMP HAS STATED IN NO UNCERTAIN SOUND THAT HE WANTS FACTORIES TO BE BUILT IN THE UNITED STATES TO PROVIDE JOBS FOR US CITIZENS & WILL

NOT IMPOSE TAX ON THEM (TEXAS )

A 50% CUT IN ELECTRICITY

ALSO UNLIMITED ACCESS TO US MARKETS (US COMMAND 38% OF WORLD MEDICAL GLOVE PURCHASE)

It is really amazing that Research Houses totally ignore Supermax & promoted Topglove, Kossan & Harta instead

Now these ones WITHOUT FACTORIES IN THE US WILL DEFINITELY BE SUBJECTED TO AT LEAST 10% TO 20% TARIFF & FOR CHINA 50% TARIFF IN 2025 100% TARIFF BY 2026

Not only Supermax Gloves made in the USA will be Free From Tariff

Even Supermax gloves Made in Malaysia or elsewhere will be Tariff Free for Exports to the USA

Korea Hanwha Qcells already set the Precedent

Boths its Factory in USA & in Malaysia are Tariff Free

FOR ABOVE REASONS WE THINK SUPERMAX NOW STANDS A VERY GOOD CHANCE TO SEE A REVIVAL OF EARNINGS IN COMING 4 YEARS OF TRUMP2 RULE

With Warm Regards

Calvin Tan

Please buy or sell after doing your own due dilgence or Consult Your Remnisier/ Fund Manager