Wise option to get out and come back later… After all, there other counters to play…

Yup, hold.....

I sold all yesterday at 0.205 but still hold 1000 shares. Attended Hengyuan AGM at Nexus, Bangsar instead.

Don't cry over spilt milk. There are many more opportunities to ride on the waves. It is always about the Bull & Bear, Not Chicken.
Good luck.

Those that sold <0.185 would be regretting...

TheEdge Thu, May 23, 2019 - 9 hours ago


TheEdge Thu, May 23, 2019

THE largest off-market transaction during the week in review was at Bumi Armada Bhd, which saw 173.4 million shares, or 3% equity interest, cross in block trades. The shares were transacted at 21 sen to 24.5 sen apiece.

The parties involved in the trades were unknown at the time of writing. Between the close of April 30 and May 7, Bumi Armada’s share price fell 9% to 22 sen. On May 7, the offshore support vessel operator announced that its joint-venture company, Shapoorji Pallonji Bumi Armada Godavari Pte Ltd, was awarded a nine-year charter contract worth US$2.1 billion.

Good price to enter....

Don't be too bullish. It may close at negative zone. Just be very careful...

Rec. Buy. Target RM2.75
DRB hosted an analyst briefing last week where group MD Dato Sri' Syed Faisal Albar took to the podium to present the latest developments....

The price is well-supported currently even during bearish market.

There are 4 animals in the Stock Market Farm.
Bull and Bear make money…
Pig buys on rumours, ended up being feast…
Chicken… …………………………
Oh, makes the most noise but not owning any share.

Gamblers counter... rejects every chart.

Technically, all charts showing up-trending. Should you have entered earlier...still not late as the latest confirmed its bullishness.

Yup, good entry time for DRBHCOM...

Technically, it is has touched the bottom and making U-turn heading upwards. Wait for stronger confirmation when it crosses above 1.43 next week.

Hengyuan too...

In that case, let us join hands and be piranhas instead. Eh sai bo? Tak mo?
Hahaha…

Would 2.69 be a better buy or lower.... hmm....

a bird in your hands is better than 2 in the bush.... hahaha...

oops..... it is 2.80 !

Thank you

From Bearish yesterday to Bullish today and on its starting block.

Technically, it is still bearish; has not come from the gulley yet.

Every trader’s trading methods & style differs from one another. Whatever systems you apply on each counter have one objective. Make Money.
Bull & Bear makes money but chicken does not.

The bull & bear is fighting at 2.66 with the bull having slight advantage. Fundamentally, the strength is intact still and technically, it would test 2.80 next week.

Thank you, Sifu

Many counters are negative today. Just look at DLady, Hengyuan and TGuan that are fundamentally strong. What could we expect from a loss making company?

Yes, we could expect a correction as the RSI is 91.2% in the overbought region. Any correction gives opportunity to accumulate. Overbought situation could continue to drag a long journey. TP remains unchanged above 3.20

Very good advice, superbull11

Fundamentally, it is grossly undervalued shares. On technical aspect, we saw a good fight between the bear and the bull on Firday-23 with the highest volume traded at 2.69. Although the RSI reading is in the overbought, we could expect the uptrend to continue to test 2.73 next week.
Price correction is a normal phenomenon however; it does not prevent this counter to ride higher to its near true value. Recently, we witnessed the entry of FMR LLC, a Boston, Massachusetts investment company. Target price would be above 3.20.
https://www.nasdaq.com/quotes/institutional-portfolio/fmr-llc-12407

Don't sell yet at 2.70, let it float to break resistance at 2.73 and head towards 3.20

Tq, just for quick bite. Supermx would give a big bite.

Toyoink, I managed a quick entry & exit. Bought 0.87 x50 and sold all at 1.07

The game has just begun with increased volume indicating enthusiasm of the traders to push the price higher after breaking resistance of 2.46 convincingly. The immediate resistance of 2.58 had 137 lots traded today. If it breaks 2.58 resistance this week, and float above 2.64, we would see it testing 2.69. Those waiting at 2.70, do not release your hold yet as it has not reached its potential target above 3.20.

Yes, 3.20 looks more ideal than 2.70. If you have purchased this stock, don't sell it yet.... let it grow.

Water supply is one of the primary factors in running an efficient glove production. The company has managed to solve this water issue last year; A very positive development. With their diversification into optic lenses, it would contribute strongly on their coming financial performance further.

I didn't see Double Top in the chart, little_pumpkin.

2.58 is the next Resistance that is still far away and with the new immediate Support at 2.46, we could expect this counter to close above 2.50 today.

Posted by Alex Lu at 2/15/2018 10:30:00 PM No comments: Links to this post

Supermx: Earnings Jumped

Result Update

For QE31/12/2017, Supermx's net profit rose 29% q-o-q or 59% y-o-y to RM36 million while revenue rose 8% q-o-q or 42% y-o-y to RM336 million. Revenue rose y-o-y due to strong demand for gloves and higher output recorded. Profits rose due to higher revenue recorded, higher production capacity and also improved operational efficiency.

A comparison of the last 4 quarters' revenue, PBT, PAT, NP & EPS of the top 4 glove manufacturers against the preceding 4 quarters' numbers. This comparison is a bit unfair for Kossan because its latest result is QE30/9/2017 whereas Harta and Supermx have the results for QE31/12/2017 & Topglov's result is for QE30/11/2017. Since I am trying to make a point about Supermx, it sufficed that we compare it with Harta & Topglov. We can see that Harta's revenue and profits have the highest increase among these 4 companies. This is followed by Supermx and then Topglov. The point to note is that Supermx is finally catching up with the other players in this sector- something we have not seen for a while.

Valuation

Supermx (closed at RM2.20 yesterday) is now trading at a PER of 16x (based on last 4 quarters' adjusted EPS of 13.70sen). At this PER, Supermx is the cheapest glove manufacturer listed on Bursa. From the table below, we can see that the other 3 players command PER ranging from 31 to 47 times. If we were to value Supermx at the average PER of 36.7 times and discount that by 20%, Supermx's fair value would be RM4.02.

The market is probably assigning a lower PER for Supermx because its major shareholder, Stanley Thai was found guilty of insider’s trading. He was sentenced to a 5-year jail term & a fine of RM5 million. Stanley is appealing that decision. I believe that a 20%-discount is sufficient to factor in the risk of business interruption if the appeal is rejected and Stanley has to serve the jail sentence.

Technical Outlook

Supermx is moving within a large band between RM1.70 and RM3.30. Within this trading band, its immediate support is at RM2.00 & immediate resistance is at RM2.40.

(Just sharing)

Cheers...!!! 609 counters UP, only 48 down.

Supermx RSI showed it reached 36.1% yesterday. Normally, we use 70% as indication for Overbought and 30% (Line) as Oversold. So, pretty_life, you are not wrong to consider the stock is Oversold although it has not reached the usual guided lines as mentioned.

But....not oversold yet. LOL.

I concur with you, pretty_life.

Every counter took the beatings caused by DJ negative performance on their Friday and Monday. You would have noticed that Supermx rebounded on 2nd half today. Buying ratio was 3:2. A good potential stock that is considered strongly undervalued. Buy on weakness for mid-term play.

Those that collected some today could expect the price to move up tomorrow.