After Topglove released its quarter results in Jun, Supermx share went as high as RM 9.30 before going as low as RM 6.50 a few days later. This is a 30% drop.

Similar thing happened after Supermx released its marvelous q4 result. It went up as high as RM 24.40. After that it went as low as RM 17.20 on last Friday. This is a 29.5% drop.

Is RM 17.20 the lowest or should I say the most discounted price one can get before the share price shoot up again?

From RM 9.30, it went up to RM 17.80 and after a slight breather, it went up continuously to RM 24.40.

Could a similar trend materialize?
We shall wait and see.

karimboss today close 17.88
monday 15.88
tuesday 13.88
wednesday 11.88
thursday 9.88
friday 7.88
14/08/2020 4:45 PM

Saturday 0.5
Sunday 0.00

Ok tak brother karimboss?

Collection done... It's fly time.

Market is driven by news.
Market maker is using the vaccine news to push down the price and do collections.

I believe the share price will rise to more than RM 30 before the bonus issue.

After which the share price will go higher before the next quarter results.

When we look back at H1N1 pandemic history, the glove rally was over when WHO said the H1N1 pandemic was over/ under control. This was after 18 months H1N1 pandemic was discovered.

Remember, this glove rally is not a bubble but supported by a strong fundamental especially Supermx which managed to rake in profits more than Topglove.

This is not a buy/sell call.
You may sell and buy back later at a cheaper price if you're lucky. Kikiki...

ongong2020 @maxam the calculation is very good.. But you can expect more with new input from this quarter.. The TP should be much higher..
10/08/2020 7:33 PM

__________________
Yes ongong2020... I agree with you. This is an old TP.

freetospeak sifu prediction is really spot on!
Congratulations to all Supermx share holders!
Hoseh!

Stock: [SUPERMX]: SUPERMAX CORP BHD

Jul 11, 2020 11:48 AM | Report Abuse

freetospeak billion profit per qtr , notnreally practical la for this qtr 4 becoz management oledi said got oem low price shipment until may. But for qtr 1 and 2 chance is high. If qtr 4 is 400,qtr 1 will be 700m at least,qtr 2 will be 1b becoz asp will only peak in july next yr. So the profit is the same range with tg. In that case 50% market cap of tg is very reasonable.

________________________________
I completely agree with Sifu freetospeak.

Q4 : 400 million (EPS 29 ¢)
Cumulative EPS= 38.63 (1.89+2.31+5.42+29)

Q1: 700 million (EPS 51.47¢)
Cumulative EPS= 88.2 (2.31+5.42+29+51.47)

Q1: 1 billion (EPS 73.53¢)
Cumulative EPS=159.42 (5.42+29+51.47+73.53)

According to the investor briefing, Supermx has 20 billion glove orders.

Annual capacity : 22 B gloves
Monthly capacity : 1.83 Billion
It would take at least 12 months to complete all the orders.

20 billion gloves = 20 million cartons

March onwards per carton is sold for 60 usd (minimum price).
Precovid per cartoon was 24 USD (60-24= 36 USD)

We take very conservative profit of 30 USD per carton.

20 million cartons x 30 USD x 4 = RM 2.4 billion profit per year

RM 2.4 billion ÷ 1360 million shares = RM 1.76 EPS

Possible share price =
X10 = RM 17.60
X 15 = RM 26.40
X 20= RM 35.20
X25 = RM 44
X30 = RM 52 80

Really mind blowing!!!!!

Stock: [SUPERMX]: SUPERMAX CORP BHD

Jul 11, 2020 11:48 AM | Report Abuse

freetospeak billion profit per qtr , notnreally practical la for this qtr 4 becoz management oledi said got oem low price shipment until may. But for qtr 1 and 2 chance is high. If qtr 4 is 400,qtr 1 will be 700m at least,qtr 2 will be 1b becoz asp will only peak in july next yr. So the profit is the same range with tg. In that case 50% market cap of tg is very reasonable.

Excellent prediction by freetospeak sifu...

399618 million / 71056 million = 5.62 times increase in profit.

Excellent prediction by OTB sifu

Hoseh! Really unbelievable!
Congratulations to all!

Don't forget to thank Harta.. kikiki....

From today's low of 18.00 to today's high of 22.46 (+Rm4.46). Really crazy.

Wah 20.20 already : )

Quarterly rpt on consolidated results for the financial period ended 30/06/2020 | https://www.klsescreener.com/v2/announcements/view/3203829

Ikan bilis kena played. Hold tight.

Seems like harta pulling down top 4 but super is holding up pretty well. Low liners are flying

20.20 is a nice number. Maybe tomorrow?

Nice number...

20.20

Gloves are going to continue to lead the way!

In a strategy note July 28, the research house said it raised its KLCI earnings forecasts to reflect higher earnings forecasts for glove makers.

https://www.theedgemarkets.com/article/cgscimb-raises-end2020-fbm-klci-target-1550-points

p/e on 14 Jan before shoot up

Harta : RM5.421/0.1293= 41.93x
Topglove: RM 4.8/0.15= 32 x
Kossan: RM4.155/0.1805= 23.02x
Supermax:RM1.3/0.08= 16.25 x

From here we know that Supermx (16.25x) is the most undervalue. That's why it increased to most.

Cup and handle formation at the top?

Superman with the highest volume has the lowest buying rate among the top 4 at 48%.

Huat huar... Kossan... Bought some kossan last week. But sold too early for a small profit. If still hold until today... Sure made a handsome profit... Nevermind... Let's focus on Supermx. Bigger profit is on the way.

idkdontaskmelol To all sifus here, any chance spmx qr will show higher pat than harta? Kikiki

_________

Harta's market cap is 2.5 higher than Supermx

To justify this this market cap, harta must earn 2.5 more than Supermx.

What will happen if Harta do not earn as much?

We can look at kossan share price and Supermx share price as an hint.

Last quarter, kossan made 64 million, Supermx made 71 million.

Kossan share price now is RM 13.8, Supermx is RM 17.14

Correct me if I am wrong....

freetospeak, if your post got emoticons, then cannot post in i3.
If no emoticon, still cannot post means, you might be posting highly classified info...
: )

Polish gloves maker Mercator Medical SA sees a 3,277% stock rally.

Supermax... Only 1000% rally.
Come on superman... Need to buck up!

https://www.theedgemarkets.com/article/polish-gloves-maker-mercator-medical-sa-sees-3277-stock-rally

Careplus : From 1.2 million to 21 million profit. An increase of 20 times.

Supermax: 71 million x 20 = 1.4 billion profit?

Profit for 4 quarters = 24+30+71+1400= 1500 million?

EPS = 1500/1360= RM 1.10?

X 20 = RM 20.20
X 25 = RM 27.50
X 30 = RM 30.30

Wow! Really mind blowing!

Asymmetrical triangle is being formed here... Might fly... Might drop... Fasten your seat belts.

Game over for pharmaceutical stocks... The money will flow back to gloves. Let's see....

https://www.theedgemarkets.com/article/supermax-share-price-rises-alltime-high#.XxUUm3QfjUs.facebook

“We reiterate 'add' (the call for Supermax shares), with a higher TP (target price) of RM19.60,” Aw said (CGS-CIMB Securities Sdn Bhd).

DJoker89 Hahahahahha

Battle of The Titans premier tomorrow
__________________________________
Bro, it's supposed to be

Jack versus the Goliath

Simply put... Someone is disappointed with the bonus issue. The grass on the other side of the river looks greener.

One must remember that when the number of shares triples (1:2), eps will be greatly reduced.

Somebody sold high, push the price low, collected low and now pushing the price higher.

The moment you sell, that's when it will rebound. Hahahaha...

https://klse.i3investor.com/m/blog/koonyewyinblog/2020-07-18-story-h1510605378-Supermax_Sellers_are_caught_Koon_Yew_Yin.jsp

Walau... Uncle is very dahsyat. Hoot almost 1 million shares at RM 13.25.

Sadly sold too early hoping for a cheaper entry price. Very sad.

Anyway congratulations to all holders. Will re-enter when the price is right.

Superman is the best...

Better close Bursa for 1 week. Let Topglove settle this problem. Then only open.

Notice of trading disruption
Trading on Bursa Malaysia Securities was halted at 3:30pm today caused by a technical issue. We are currently diagnosing the problem and will communicatie with all our participants while we determine the cause and impact.

9540 lots of Topglove sold at RM 19.70 and then everything hang.

https://edition.cnn.com/2020/07/02/health/coronavirus-mutation-spread-study/index.html?utm_content=2020-07-12T12%3A30%3A10&utm_term=link&utm_source=fbCNN&utm_medium=social

Study confirms new version of coronavirus spreads faster, but doesn't make people sicker

"Our global tracking data show that the G614 variant in Spike has spread faster than D614," theoretical biologist Bette Korber of Los Alamos National Laboratory and colleagues wrote in their report.

Trump Wears a Mask; U.S. Cases Hit Daily Record: Virus Update https://www.bloomberg.com/news/articles/2020-07-11/u-s-cases-maintain-record-pace-disney-parks-open-virus-update

US is leading the way with a whopping record daily cases of 71389.

freetospeak billion profit per qtr , notnreally practical la for this qtr 4 becoz management oledi said got oem low price shipment until may. But for qtr 1 and 2 chance is high. If qtr 4 is 400,qtr 1 will be 700m at least,qtr 2 will be 1b becoz asp will only peak in july next yr. So the profit is the same range with tg. In that case 50% market cap of tg is very reasonable.

________________________________
I completely agree with Sifu freetospeak.

Q4 : 400 million (EPS 29 ¢)
Cumulative EPS= 38.63 (1.89+2.31+5.42+29)

Q1: 700 million (EPS 51.47¢)
Cumulative EPS= 88.2 (2.31+5.42+29+51.47)

Q1: 1 billion (EPS 73.53¢)
Cumulative EPS=159.42 (5.42+29+51.47+73.53)

According to the investor briefing, Supermx has 20 billion glove orders.

Annual capacity : 22 B gloves
Monthly capacity : 1.83 Billion
It would take at least 12 months to complete all the orders.

20 billion gloves = 20 million cartons

March onwards per carton is sold for 60 usd (minimum price).
Precovid per cartoon was 24 USD (60-24= 36 USD)

We take very conservative profit of 30 USD per carton.

20 million cartons x 30 USD x 4 = RM 2.4 billion profit per year

RM 2.4 billion ÷ 1360 million shares = RM 1.76 EPS

Possible share price =
X10 = RM 17.60
X 15 = RM 26.40
X 20= RM 35.20
X25 = RM 44
X30 = RM 52 80

Really mind blowing!!!!!

Superman is getting ready for a big price movement.
Want up or down?

https://koonyewyin.com/2020/07/10/supermax-investors-must-be-more-observant-%ef%bb%bf/

Sudahlah TeamRocket... Go and sleep now. It's already too late or else MamaRocket will scold you. Tomorrow can continue with your childish tantrums.

Hahahaha... Magnificent show it was. More to come. Stay tuned.
Cannot take the heat?

Waseh... 11.20 block has vanished just like that.

The game gonna start very soon...

Harta and Topglove are also recovering. See... How it goes.