UOB rerate SUPERMAX to RM12.40 implies RM17.60.

However, our blue sky scenario entails Supermax potentially trading at 21.3x or +2SD of its 5-year mean on a potential entry to the FBMKLCI Index.

It implies a target price of RM17.60.

Inclusion in FBMKLCI?

Market cap stood at RM12.8b as of 3 Jul 20. Should it attain our target price of RM12.40, it would command a market capitalisation of RM16.9b. It could be included in the FBMKLCI Index as a constituent component if it reaches the 25th-largest market capitalisation, a potential threshold of RM16b-17b. This could further lead to a re-rating as seen for Hartalega and Top Glove.

Ntpboon..chief ..yes..FOC ..freetospeak ..freetocharge...but so close the number 326.1 vs 329 mil...i also shock...lol...great coincidence.

but our friend wok also make projection based on secretive data. can get 380 mil profit and sales revenue can be 1bil to 1.3 bil. i hope he is more accurate...lol...becoz higher profit ma.

1.3 bil sales..u can imagine the profit or not...lol

LONG TIME NO RECAP !!!! DO A RECAP FOR MY EARLY PROJECTION IN MAY for QTR 4.

jan feb mar apr may jun
OBM price 90 98 105 97.67 110.00 130 150 130.00
OEM price 20 30 40 40.00 70.00 85 100 85.00
average 68.83 107.50

Revenue for QTR 3 447,247.00
cost 351,970.00
PBT 95,277.00
PAT 72,411.00

OBM sales @ 40% 178,898.80
unit sold to OBM centre 1,831.73

OEM /OBM distributor sales@60% 268,348.20
unit sold to OEM 6,708.71
total unit sold for OBM + OEM = 8,540.43

QTR 4 (based on OBM/OEM model)
OBM sales @ 55% @ USD130 ASP 610,640.98
OEM sales @ 45% @ USD 85 ASP 326,671.57
total 937,312.56
cost 351,970.00
PBT 585,342.56
PAT 409,739.79
eps 0.315

QTR 4 (Based on Average model)
ave unit sold 6,497.54
NEW sales 698,485.02
Cost 351,970.00
PBT 346,515.02
PAT 242,560.52
eps 0.19

PAT 242,560.52 - PAT 409,739.79 range. AVG RM326mil PAT :)
Not considering increase volume at max capacity.

wat if profit is more than 350 m...there is such possibility.

1.80 to 4.50 ..is 2.5 x profit (30m to 71m). 4.50 x 5 (71 to 350)=22.50

I giv tp 18 is very conservative already.

if 300 m profit...tp 12.80 is too low...TG 340 mill TP is 30.00 .
Supermax 350 m TP at least 18.00.

even CIMB expect a 350 m profit . same as TG. so 12.80 is still too low ah.

Our recent meeting with SUCB yielded positives, mainly on higher ASPs recorded and increased allocation for spot orders (20% of total capacity).

■ For its 4QFY6/20 results to be released by mid-Aug 20, we expect SUCB to post a record-breaking net profit of RM320m-350m (>100% yoy and qoq).

■ Reiterate Add, with a higher TP of RM12.80 (25x CY21F P/E).

X
chase high is for the rich la...i poor man no money already...I even withdraw all my housing loan fd all share disposed to all in already..not enuff me...wan me go charlest ah long n live streaming with charlest to borrow money...i dun wan with charles t lo..with linda i ok..

chief...u mean they cutt immediately when someone ask why y lose to super me?

kossan agm...boss dun wan malu..die die will win supermax by 1 sen b4 agam...lol

if u c 4 qtr down the road the price rm10 pe is single digit u think this price is expensive or not? so 11, 12 ,13 even 15..this price will come sooner or later..so within expectation only... no shake.

i say no limit up i also no shake la..up abit only..

i no shake ah..y shake..i expected already ma...still long way to go la..

since qtr 3 of 71 m...supermax profit will not be lower than KOSSAN any more in future becoz by 2022 supermax caps is more than kossan or comparable in future while super still got obm . so supermax price shld not be lower than kossan already after qtr 3. any price below kossan is grossly undervalued.

Supermax can beat kossan in profit with much lower caps than kossan in qtr 3.so kossan profit cannot beat super already when they got equal caps in future.

kossan overtake super...means super qtr result not factor in yet...so more upside to come..

these ib fund they expected ASP price to peak in mid july 2021 then slowly dip into 2022...so now is jus beginning. So they rush in like unlimited QE buying glove stock like buy cabbage.

Posted by idkdontaskmelol > Jul 6, 2020 11:19 AM | Report Abuse
Guys, pls c this news, manage to screenshot from today morning breaking news: https://imgur.com/jLI2zth

lobster index also breakout!!!

i think lobster death rate is higher during covid..

rina..i got info also cannot post here ah...wan me go jail ah.

from sbb at 1.80 profit 30 mil...go to rm18.00 with profit 300m +. ver nice ratio. 1 qtr earn 10 qtr profit.

at this rate...if this wkend end 12 ...b4 result 15..profit confirm 300m above.

journey still long ah...wake me up later...i go sleep first...no limit up dun wake me.

The THSK Glove Co. represent malaysia for 60% worldwide supply.

THSK ..GOOD..GOOD. THSK GLOVE CO.

Charlest...if it hit then is no joke la...if it isnt then....its a big joke lo.

Charlest sifu...i always joke but ppl take my word too seriously ma...lol...

Malaysia dentist shld support malaysia gloves...even if they equally good...infact it isnt.

Check your dentist if he use vietnam or china gloves...ask him to change glove or u change dentist.

Wok...old habit dies hard...lol

Poseidon80...ur friend says 3x figures is production figure or sales figure?wat figure?

According to h1n1 history...supermax profit only lose to tg(70 to 90%) at no.2.

as long as both TG n super got explosiv profit...i am more than happy...best is everyone also explosive...then will everyone huat.

If like that count...if supermax qtr 4 profit is more tahn 350 mil. Than supermax market cap shld b 76b = rm58...lol..

Wow...finish trial 1 n 2 in july can straight launch already.remind me of indian movie ,can throw heart into patient chest during in operation room across the road.

prob..u shld share your calculations here as well...lol...dun keep to ourselves...lol

prob..this covid..got the ability to move between human n animal freely..swtiching gene with flu virus in bird , pig n cow is very possible. especially during flu season. i am afraid there might be a mutation soon going into fall. not a good sign for human...but a good sign for glove.

probability...poor mink kena covid from human i think...y blame the mink...

y philip curse himself...lol...lucky i not philip...

n why after this wk...still got long way to go ...u think journey end ah.

why call philip curse...?

charlesT..u scared wat..

chief...today is cup and chopstick...

result leaked liao me...so fast ? accounting departmnet...how much u all hav bot...work so hard.

boss ah tai hinted must fine tune ..fine tuning ah...prepare for the grand performance...so take it easy.

degaht..if they decide to give bonus they will likely state in nex report..but not sure also. since it reaaly depends whther they got enuff retained earning. more possible is the share dividend.

result leaked will overtake kossan...lol

spermx...u c i am wrong again..i say i am not always rite..ppl dun beleive..so i am wrong again...then ppl still say i rite..then i am wrong again...lol

supermaxking..u like that paste u got ask OTB sifu permission or not...got copyrite.

spermax...i where got always rite...sometime rite most of the wrong wrong...