Supermax will limit up when u c 100 million profit....lol...nobody trust my calculation me...lol

myeg only provide a runner service by arranging for employee under socso to claim payment y need socso approval? and a runner service to arrange clinic to test employee y need health department approval? the employer can do that themself if they want also dun need approval.

Socso refutes all rumours about MyEG

Myeg got approval from department of labor. dun need socso approval.also dun need health ministry approval becoz this invlove foreign labor falls under department of labor jurisdiction.

may b we will c rm 6 end of may ...lol

神秀说：“身是菩提树，心如明镜台，时时勤拂拭，勿使惹尘埃。”

keep asking question until u hav no opinion

惠能说：“菩提本无树，明镜亦非台，本来无一物，何处惹尘埃。

when u hav no opinion then u can keep ask qustion.

sorry...not the cheapest..too excited..shld be lowest pe...lol

supermx is now the cheapest glove stock !!!!!!!!

wah rubberex pe 50 alreaady, top glove n harta build so big for wat...lol..

is there sbb today?

even selling at 4.50 is very cheap. not to say 3.50.

i think many ppl din c my calculation n keep dumping at 3+..r u crazy?

A more accurate calculation:

2.64 eps
361,199k sales
34,617k profit
2019-03-31

361,199k sales x 30% more sale due to max production = 469558 x5% price increase(be conservative) = 493, 036k

new Cost = 361199 - 34617= 326582 x1.20 (30% increase production - 10% cost saving ) =391898
estimate profit at 493036 - 391898 = 101137k

Profit = 101137/34617 = 2.92x

2.92 x 2.64 = 7.71 per qtr
7.71 x 4 = 30.85
pe30 =rm 9.25

every 5% increase in sales price will increase 20% profit n tp.
eg. 10% increase price = 37 sen eps pe 30= rm 11.1

lapsap2..jus cut...then will go up...lol

if go to rm2 wah then really wake up giant bak to long lost glory of rm3.....

2 million foreign worker...n many other local worker covered by socso. big big opportunity.

will we get another suspension of trading tomorrow for renewl of contract and another suspension next wk for vln or niis contract...lol

with this experience , they can replicate in indonesia n philipines nn other countries. Very good news !!!

This is important becoz it will complement their core service n win contract inVLN n NIIS.

they will get certificate for screening from MOH. For foreign worker, it will be a must form now on.

hope u can cut 3x for next 3 days...lol

nowadays when someone say cut..it always happen..lol

with this covid screening, sure MYEG will get something from VLN n NIIS becoz they giv value added service n complement each other nicely.

limit up need increase by 90sen ...still far...lol

calvintaneng already bot liao la...if not he wont come here.

collaborate with who..of course with sultans business entity !!!

good news coming..suspened

y still got ppl wanna sell at this price...even cimb tp 3.50 is wrong already when riverstone present a 50% increase of profit.

https://www.klsescreener.com/v2/announcements/view/3156479
MYEG to launch one-stop portal for employers to manage COVID-19 screening for their workforce

HUAT !!!!

SUSPENDED ..Y ?

Permit is nothing to worry...only worry loc.

No money no permit...got loc got permit.

Wait for LOC la, once they got it.then they will start doing necessary procedure. No money no talk. And by then the price will fly to 50 sen already.

chief999. mycalculation is on eps , so is already considered tax.

Profit = 101137/34617 = 2.92x

2.92 x 2.64 eps = 7.71 per qtr
7.71 x 4 = 30.85
pe30 =rm 9.25

but anyway is good to b conservative.

Highfive Bread . Yes, i din include many positive factor actually.So mycalculation is very conservative.U can c bak during h1n1. Supermax get 3 x profit on 16% increase of revenue .thank u.

and the price run up 6x becoz of that over 1 year. Ofcourse that is then, the price escalation will b very fast now becoz of internet n more savvy trader.

thats why i say cimb forcast 20-30% increase inprofit is wrong. riverstone already show 50% increase. TP3.50 is also wrong.

ya Supermax OBM market is about 30-40 % but still is very significant..so i only apply 5% in my calculation to be conservative3.

A more accurate calculation:

2.64 eps
361,199k sales
34,617k profit
2019-03-31

361,199k sales x 30% more sale due to max production = 469558 x5% price increase(be conservative) = 493, 036k

new Cost = 361199 - 34617= 326582 x1.20 (30% increase production - 10% cost saving ) =391898
estimate profit at 493036 - 391898 = 101137k

Profit = 101137/34617 = 2.92x

2.92 x 2.64 = 7.71 per qtr
7.71 x 4 = 30.85
pe30 =rm 9.25

every 5% increase in sales price will increase 20% profit n tp.
eg. 10% increase price = 37 sen eps pe 30= rm 11.1

by selling at rm3, pls u r selling supermax at pe 10. u not heart pain me.

like wat others said , august will show the higher profit than current qtr.So it shld be rm6 by jun onwards .

usually those oem glove company can only increase 3 -5 % sales price. But OBM like supermax has no such limitation. OBM is wat make supermax different from other glove company.

based on my latest calculation pe 30 @ rm9... give it a discount pe 20 rm6 is very reachable.

do not sell supermax below rm6, u will regret !!!

i say supermax will be much more than riverstone..why...

1.OBM - can adjust more sales price easily becoz direct sales to customer.

2. previous 2 qtr pull down the eps due to many reason which now not longer valid.

3.supermax had a bigger production capacity n added some new lines.

4.contact lens turn around which no longer pull down profit.

A more accurate calculation:

2.64 eps
361,199k sales
34,617k profit
2019-03-31

361,199k sales x 30% more sale due to max production = 469558 x5% price increase(be conservative) = 493, 036k

new Cost = 361199 - 34617= 326582 x1.20 (30% increase production - 10% cost saving ) =391898
estimate profit at 493036 - 391898 = 101137k

Profit = 101137/34617 = 2.92x

2.92 x 2.64 = 7.71 per qtr
7.71 x 4 = 30.85
pe30 =rm 9.25

every 5% increase in sales price will increase 20% profit n tp.
eg. 10% increase price = 37 sen eps pe 30= rm 11.1

the management spend 60 million buy bak ...1month earn bak already to them chicken feet.

i can say if this qtr no 12.69 sen, nex qtr confirm got.

my dream base on fact..if not management dare to buy so much at rm2.++ give 2888 , 6888 hint. must be kuat kuat.

u dun beleive u can go calculate. i use 5% price increase n assume no reduction in cost at all. jus a 30% increase production from 1 year ago.Dun forget at that time production is only 70-80, this yr got add some new lines also.

361,199k sales x 30% more sale due to max production = 469558 x5% price increase(be conservative) = 493, 036k
assume cost is the same (which is shld b lower,jus b conservative) 493, 036k - (361199- 34,617k profit ) =166 454k .

estimate profit at 166 454k /34617 = 4.8x !!!

2.64 x4.8= 12.69 sen !!!

u think 8 sen is possible or 12.69 sen is possible.

if 12.69 sen x 4 = 50.77 sen. pe 30 =rm 15.23

u can believe or not.
2019-03-31

361,199k sales
34,617k profit
2019-03-31

the volume then is only 60% of current cap i beleive.This year added about 10-15% cap. They are producing at only 75-80% of 2019 cap due to poor demand n low price.