GOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

today is DDDDDDDDD-day for Q result

Supermax current Nitrile glove production is about 72% of its total capacity. Nitrite glove fetch much higher ASP hike than latex or vinyl due to western demand preference.

Supermax in coming Q may present even higher percentage allocation for nitrite glove as all its production lines are interchangeable, where we will be able to adjust the production quantity of our natural rubber gloves and nitrile gloves based on the market demand

resume uptrend ahead of excellent Q result

Hope to breakout RM 9.80, and stand above these EMA 20 to pave way for next uptrend

LCtitan cup and handle chart remain intact with today recover,

With today recover, follow by tomorrow is D-day, supermax will challenge previous record high level

Q1 result leakkkkkkkkkkkkkkk

hahahahha, Green now

Q1 result leaked, marked up soon

Lets turn back to green

Expect to record more than RM 1 billion, EPS 38sen, annualized RM 1.50, PE valuation 5.9x.

Supermax will be the FIRST glove stock trading at significantly below fair RE 10x, a significant undemanding valuation among all top 4 glove stock (topglove, harta, kossan, supermax) + top small glove stock (comfrot, rubberbrex, riverstone, careplus)

Final Dividend: 1 for 45
Interim dividend: !? (special dividend ?)

Supermax dividend policy is 20% PAT + Special Dividend for any extraordinary Profits.

Correction is over, time to recover ahead of Q result which will reflect the significant positive real impact on margin spread between feed-cost vs. end profit price

Final correction is over.

Biggest loss today, will pave way for biggest gain next once Q1 result release tomorrow + share dividend 1 for 45 to be declared

add more supermax at 8.78-8.79 to average down cost

cut bp at 47.5sen

cut cypark at 85-85.5sen

Recovering back

Await arbitrary gap to be capitalize on jaks-OR once listed next week

bought back LC at 2.24-2.25

to buyback its jaks-OR next week

sold back jaks at 90.5-92sen

Last day of trading cum right.

tomorrow is LAST day for jaks to trader cum right.

add all margin line to supermax at 9.58

bought back all supermax at 9.62

bought back Boustead plantation at 48sen

sold back again at 2.50-2.51

bought again LC at 2.47-2.48

sold back again at 2.51

bought back all LC at 2.47

cut LC at 2.50-2.52

Surprisingly, exiting jaks-WB remain strong!? even no entitle to any right + free warrant.....Jaks share price will adjusted to around current jaks-WB level next week, a strange scenario for jaks-wb price closed to underlying share price jaks next week.

Remark: Jaks-WB exiting excise pries 64sen will adjusted lower after right issue + potentital some additional free jaks-WB to compensate warrant holder according to sifu DK.

But, jaks-wb warrant holder still benefited if jaks share price recover back to RM 1.15 after right issuance, just that current jaks cum right + free warrant benefit the MOST.

hahahha, now many people awaken these gem, jaks, as the worse impact on worry on right dilution have fully absorbed on the fact that

before right share
1. power plant net profit RM 200m will EPS = 30sen
2. share price trading before right is around RM 1.20
3. PE 10x will give target price RM 3.00, upside potential 150%

after right share
1. power plant net profit RM 200m will give EPS = 11.5sen
2. share price trading now around 5 share x 87sen, cum 8 right x 22sen = 47sen
3. PE 10x will give target price RM 1.15, upside potential 145%

Therefore, in conclusion, shareholder are enjoying similar potential gain upside before and after right by peg to same power plant earning, and same valuation PE 10x,

Based on fair value for jaks on enlarge share volume after right share and commencement of power Co's by these month, net profit RM 200m, EPS forward earning 11.5sen for next 25year, the target price is RM 1.15 and each free warrant with exercise price 49sen will have fair value in money at least 65sen worth if peg just 0 premium with 5 year lifespan

Jaks currebtly trade cum right + free warrant, will ex-entitlement in friday. Next week, jaks price will adjusted according to around 52-55 sen depending on last trading price in Friday. Shareholder exititng 5 stock will entitlement 8 jskd-OR x subscribe right 22sen each, average down your cost to around 13 x 48sen + 4 x free warrant

Now is courting down time, anytime now within these month oct if achieved early or by early next month. Nov} for power plant to officially announce commencement commercial operation

your right subscription cost 22 sen will be easily cover back by free warrant worth 65sen ( based on ratio cover 8 right 22sen entitle 4 free warrant worth 65sen after listing)

Based on fair value for jaks on enlarge share volume after right share and commencement of power Co's by these month, net profit RM 200m, EPS forward earning 11.5sen for next 25year, the target price is RM 1.15 and each free warrant with exercise price 49sen will have fair value in money at least 65sen worth if peg just 0 premium with 5 year lifespan

Jaks upside >>>>> exiting jaks-WB

Please take note only jaks is entitle to right + free warrant (exercise price only 49sen), exiting jaks-WB is NOT entitle at all. However, existing Jaks-WB exercise price will adjust lower than current 64sen.

COD to be announce soon

start moving

add more LC at 2.61

bought back LCtitan at 2.64

The major key of course is power plant, RM 200m net profit, EPS 11.5sen, steady deliver every year for next 25 year will give fair valuation at least 10x, target price RM 1.15 + in money free warrant which have exercise price 49sen

bought cypark at 87sen

The reason to be optimistic is that

1. Jaks already divest its loss making property development, trim its 51% stake to nil, therefore de-consolidate and recoup back about RM 71m profit to be reflected in upcoming Q result.

2. Jaks property investment properties in Evolve mall have reach breakeven occupancy rate 81%, therefore, eliminate loss making business

3. However, Jaks newly open Star pacific mall still at infancy stage with occupancy rate 60%. But, judging from strategy location in Pj16, the rental rate should be better than evolve mall, allowing breakeven to be achieved faster.

4. The Key point now is focus on Vietnam to be commecial operation by these month. Oct. and unit 2 in early next year. Revenue RM 2.6 billion pa, net profit margin 25%, tax free, will give jaks share of profit RM 200m net

5. All court, jaks is now trading at forward 4x PE valuation based on enlarge share after right

total average for 2 day accumulation cost around 87sen, will full subscribe right later at 22sen, further average cost down to 47sen + entitle full free warrant.

Based on full enlarge after right

1. power plant net profit RM 200m will give EPS = 11.5sen
2. share price average cost 47sen, PE trade at 4x
3. Fair PE 10x will give target price RM 1.15, upside potential 145%
4. Free warrant will give extra profit with fair trading premium 30% once listed

Accumulated last at 86.5sen completed