P/E 3.5?? Oversold?
And yet still many dare not enter. Sigh...

Be patient and have faith la.
See Harta closed green today, I feel motivated at least. At least gloves are not totally doomed.

Sh!t! Without hesitation, this is almost an abandoned counter.

Not even a slightly rebound?? Sigh...

Been red for so long, not even kasi chan to get green??

No need to wait for TG crack.
Even TG no crack also, Supermx has already gone down so much.

Relax la. See the volume.
But I doubt it will rebound later.

Problem with Supermx these days, once gostan hardly get back.
Wake up black panther.

Buy at your own risk. Only a strong heart can take it.
I myself holding this free timer bomb can hear its tik tik tok tok..

What happened to this counter??

Mr DIY likely to replace Supermax as KLCI component stock in next review, say analysts. Mark the word "likely".
FTSE Russell is due to announce the results of its upcoming semi-annual review of FTSE Bursa Malaysia Index Series on June 3.

We shall see then. I still have faith with this black panther.

Still haven't seen the signal yet so far.

DSST still be very happy to see this.

In fact, it is still well fundamental and sitting on piles of cash, but why is it performed out of way?

70cents dividend? LOL
Stop rubbing salts on wound la.

Supermx is almost coming to Kossan's price now.
But I wouldn't be surprise to see this.
So far, the BOD/ Management still remained silent.

TBH, whatever supports now also useless.
This counter keeps retrace like no tomorrow. Sigh..

What is with this drop again?

DSST must be really happy now.

Dividend how much?
29cents or 13cents?
Why keep dropping?

Today's drop as of now, also as much as the dividend? Sigh...

Today ex dividend or issue QR?
Why similar to QR issuing?

Why is this movement so weird and lame?
Kossan moving up and this counter moving down. What is the rationale?

Not even half an hour yet, opened high and we shall see later.

I'm still holding many lots of Supermx.
Sorry to say, maybe some of you do not wish to see this, but I have to be frank. U don't have to look for future ASPs normalise bla bla bla.. Just look at the current. The boss himself has not come out to support his own share price, which is deemed to have abandoned this ship and neglecting everyone, I believed.

No doubt it's full of manipulation, just let the market decide it's movement. No point hard sell promoting this counter. Without a strong support, this counter still green a day and red a week. Investors just want to be rewarded. As long as every one is happy.

Why bothered to worry so much every day? Just invest wisely. Your money, your call.

https://www.theedgemarkets.com/article/supermax-puts-sgx-listing-hold

Just to recap an interesting paragraph as shown below from the recent news of Supermx on hold the SGX dual listing.
MIDF Research said that at a recent post-results briefing, Supermax indicated that the idea of using its treasury shares for a secondary listing is not feasible at the moment.
"We think that the company could instead use the treasury shares to be paid out as dividends to shareholders.

As most of us are aware.
Supermx, as at 31 March 2021 or till date, held a total number of treasury shares at 102,980,727, which is equivalent to 3.79% as required of its total share capital of 2.72 billion shares. That simply said, is still within the maximum limit of 10% according to the Chapter 12 of the Listing Requirements.

Here comes the question. When are they going to initiate the next SBB? Can anyone please enlighten me? Perhaps we have someone here from the BOD/ Management who can answer? No offense but just my two cents. Please also correct me should there be any mistake.

Thank you.

Back to square one.. Sigh...
Then, should not had rose at the first place on the last trading.
Have not seen any strong support yet so far.

These are all being manipulated. Noticed that Top 4 (THKS) current movement since 8th April 2021 is as below, except Kossan.
I'm comparing apples to apples, which I presumed all the share to be compared, taken prior to Bonus Issued last year.

As of 8th April 2021 till current.
Top Glove closed @5.40, currently @5.27 (About negative RM0.39 before BI)

Harta closed @10.14, currently @9.71 (About negative RM0.43)

Supermx closed @4.87, currently @4.67 (About negative RM0.40 before BI)

Guys, please be professional rather than being abusive.
This counter itself is under manipulations.
This is where the BOD/ Management supposed to take some immediate action, not doing nothing.

Seeing this kind of pathetic volume, I would not expect much.
Supermx's BOD/ Management is truly a failure. Since the issuance of latest QR3, there is only one of them who acquired 12k units of share.
The Thai's family still stay silent, and no action??

@pjseow, is not market do not appreciate companies with big cash.

Yes, undeniably this company is sitting on piles of cash but look at the reward to their share holders.

Furthermore, they have been very inactive in reacting to the market and their share holders. No doubt, their business is on track.

In my earlier post, I doubt they have already abandoned their share holders. How I wish this is not true, but it seems to be a fact.

@johnny cash.

Thanks for your infos. I was having the same thought with you. Of which, I have been questioning the directions of BOD/ Management too all this while.

@johnny cash, are you trying to say the culprit behind all this bearish is the management of Supermx? What can they get?

Don't think will close below RM4.80 today.
Supposed to have minor rebound while more.

Trust the fundamental all well, but never the management of this company. Many of you might disagreed with me. History tells it all.

All the way down, not even a minor rebound?
Hate to say it, but this kind of "rose a day, drop a week" is not convincing at all. Plus, the volume is suspicious.

Let's see who else from the BOD acquire this share.
So far after the issuance of QR3, Mr. Albert Saychuan Cheok acquired 12,000 units on 6 May 2021, almost at the range of current price.

Announcement of good QR, share price dropped.
Announcement of bad QR, also dropped.
This counter is really full of crocs.

Trading is half on Raya eve, ain't it?

Whatever the yay or nay is, the biggest problem now is this counter still swaying and hardly stand firmed above RM5.
Calls will only be made once it reached RM5.50.

Good sign. But the price moves up very slow like the stingy boss.

The only counter which is still celebrating Chinese New Year (red), while the rest Hari Raya (green).

Supermax puts SGX listing on hold?

Sigh...

Someone been selling quietly and happily.

I believe every things happened for a reason. Not everyone will agree with me, but I'm still going to give my 2 cents about this company. You decide your ownself.
Undeniably, the company itself still making monies and sitting on piles of cash too. Only problem is with the BOD/ Management.
Last year, we have seen how they react to their investors and market with the Analyst Briefing which is the catalyst to drive up the share price. Not to forget, some good news to stimulate it too.
However, since their last Bonus Issue, they MIGHT seems to have abandoned the ship. (I put the word MIGHT, perhaps I have misunderstood them). The proposal of SGX dual listing has no news at all, which is deemed to have ignored. Of course, one of my concern is still the SBB. Many of you would have said that SBB itself is just a waste, seeing the share price keep plunging. But please do not forget, the SBB itself can also help to boost the market.
The latest QR had seen some good news, which I really hope that Supermx BOD/ Management could utilize it wisely, rather than disappointing their loyal investors once again.

The momentum to drive up this counter is still not strong.

This is so ridiculous.
Do they really want it to limit down at 15% then only happy?

Still PE?
This counter has the lowest PE so far, what's wrong?

Based on the past experience since MCO, gloves upon the issuance of their QR, have never been so depreciated suddenly in within that few days.
This the first time I encountered this with Supermx. Last evening QR, this morning dive down.