Last quarter result of Top Glove is 348mil profit after tax, and a profit margin of 20.7% from Sales Revenue.

OTB sure of around 500 mil after Tax profit. So if Top Glove with quarter profit of 348 mil can justify RM 28 price, what more if Supemax reach 500mil in its final quarter !! Supermax paid up is also less than Top Glove, ie.1.36 bil shares. So, price should be around RM 30 or more.

If we were to assume a total 4 quarters of PBT of RM 1 bil, taking an accountants confident figure, Supemax price will sure to explode like in Lebanon, as it implies 750 mil net profit after tax!!

This is just the beginning as further growth is more dynamic due to OBM, higher ASPs and increased capacity.

Katherine sure of 1 bil profit, OTB is sure of RM 528 mil profit, so obviously Supermax results will be very good, due to power of OBM.

Friday had a bearish engulfing candle which may lead to a lower opening price. Retailers have to be wary of MM as they may try to frighten you by selling to make its price down, implying bad results.

Like Top Glove, even if price go down due to profit taking after announcement of Superb results, hold on, consider selling only after T+2, i.e. after contra traders have sold their shares.

If Top Glove profit at 347 mil, 20% margin can command 28 rgt, then above 500 million for Supermax will see price above RM 30.!!

Top Glove has 2.07 bil shares, while Supermax has only 1.036 billion shares. Thus eps much higher than Top Glove.

Many new retailers may not know or scared to buy Call Warrants, but if you believe Supermax price will go up due to its incredible results, then dont be afraid to buy a bit, after all there are many CW at less than RM1.

Rather than play Contra with short period of within 3 days, or margin, Call Warrant can be held longer, but its main advantage is gearing where your percentage gain is higher than the Mother share percentage gain.

Those willing to take risk, may consider C- 97 or C-1D as it offers a balance between its premium, high volume transactions so easier to sell , reasonable conversion rate, and longer time to maturity.

You can verify this by downloading Klse screener apps at Play Store.

Have to thank OTB, free to speak and Dr David Lim for their indepth analysis on coming Quarter and Year End Result.

OTB says, PAT, 528 million on Revenue of over 1 bil. Based on this, Supermax expected price is around RM31 !! Hope this will be a fact after announcement on Monday, 5pm.

Russia vaccine will not affect price, as it is not proven yet, look at Aedes vaccination in Philippines. Mass vaccination still long way off.

Noticed there s a trend to buy Call Warrants blindly by new retailers not aware of fundamentals to choose CWs with 50:1 rate.

C 96 at 1% premium is good, but price is high. A balance will be C 97 with reasonable premium, value for money price, high volume transactions and priced that is affordable to many at <Rm1. !!

For those with very limited capital, but still wants to profit from expected price increase, can try C 1D with slightly higher premium at 40 cents.

At present bull market, retailers dont mind high premiums as long as can profit !! So, hope for the best.

Info for investors, not an inducement to buy or sell disclaimer.

Usual tactic by MM, as in the case of TopGlove. Before very good results out, for two days price went down.

Then after good results out, profit taking as - sell on news !!

However, after a while, to weed out contra players, after T + 2, price starts to move. !!

Those short of capital, may try C 97, or C1D as it is very active.

For Call warrant decision, not only premium counts, but other factors also. The less conversion ratio, or exercise ratio, the better, maturity date, plus Volume traded and present plrice.

Generally speaking, noticed that shares priced around RM1 has more volume traded and percentage increase more than other call warrants of higher price, , even with low premium.

C77 at 1.80 with 1% premium has less transaction compared to C 84 with 10% premium at RM 0.675. Lately, noticed that punters dont mind higher premium as can be seen from later CWs series with larger conversion ratio.

Some IBs push their CWs lower and then it will rebound as punters realize that it will rebound, eg. C 84 has gone down nearly 10 cents is a safe bet, and will definitely rebound, flag formation break out. Optimism is based on fact that Top Glove has great potential to go up further to RM30 and beyond.

Klse screener apps is very useful, and has all the info one needs.

Please add me to your group. Thanks.

As can be seen by Harta latest result, OEM only doubled profit compared to Top Glove former result, which improved more than Harta s.

Investors should realize euphoria of small Glove shares with low production volume is not sustainable, e.g. Careplus, Rubberex, Comfort. Their PE is anytime higher compared to TG and Supermx. Price rose because of affordability.

To get profit and it is affordable, investors should consider buying Call Warrants, price around RM1 of TG and Smax. eg. C 1A, and TG CW-84.

Coming Year End result of Supermax will Dwarf all other top glove shares due to superiority of Own Brand Marketing-OBM, higher Spot Sales percentage and increased Ave Selling Price-ASPs month by month.

Results should be out by Mid august, maybe before bonus EGM date.

Kyy assuming 65 cents /qtr x 4 quarters, = RM2.60/ share eps for 20/21.

Then assuming a PE ratio of 40 x 2.60, target of RM 100 is achievable!!

However, even reachig 37 rgt target by Credit Suisse, is already good for the time being.

VLVL, can we know amount of XOX shares Key Alliance bought and at what price ?Thanks.

Hi. Cost of PR is 5cents per share. Do we have details of Pref share, such as conversion period, exercise price, conversion ratio ?

Without these details, hard to decide whether to take up rights or not. Thank You . appreciate if someone can give details.

In buying Call Warrant, please dont buy those that are cheap, but actually have very high premium, and high conversion rate.

look at i3, at warrants section, and you will know the premium you are paying. Make sure also dont buy Call Warrant with low transactions as you may not find a buyer.

Sometimes the Inv Bank withdraw thier buy quotes especially towards closing.!!!Remember the IBs are also out to make profit from you!!

Those in the know wont sell as Supermax, using OBM will have superior margin, and even better results later than Top Glove.

Good chance for those to collect cheap C 88, C 91, and not those crazy overpriced C90, 92, 93. Since profit taking may last till friday, price will go up next week.

With such fantastic results, overseas Funds will definitely come in and buy. Which other stock can give such incredible results.

Adam, C 72, you made right choice. With such fantastic result, only the not so smart, will sell !!

Profit taking. Expect selling up to friday.

From next week, price will sky rocket. MFCB also like that, sold my Call Warrant too soon,after good results, few days later, went up a lot.

Supermax will be re rated. !!

Last time close 8.88.

Therefore, Call Warrant C 88 lah, the best value now.

Last time many got burnt as they dont know how to evaluate Call Warrant worth. Call Warrant can go higher than Mother ?! No logic as ratio is 7 to 1.

Now, ini kali lah!! Go , go go. Dont buy the overvalued C 90, 92, 93!!

At least C 91 better value.

10 cents dividend is RM 100 per 1000 shares.

After this, high chance will declare Bonus 1 to 1, as can be seen from year 2016, 2018, so that more people can buy !!

Wow, unexpected and beyond expectations, even for analysts !!

RM350 million,net profit, and Margin improved to 20%, higher than Supermx with the advantage of Covid months March to May 2020.

With this fantastic results, Glove sectors re rated. Cimb estimated this year profit ending August, to be Rm1.37 billion !!

Congrats, especially those playing Call Warrants as it is leveraged.
C 72, is still worth it,and has room to grow higher, compared to 76, 77 and C 78.

Some players of Call Warrant paying too much, tho the CW price is low.

C 90, 92,93 is too high price to pay as their premium and Ratio is very high.!!

C 93 needs 15 CW to be equal to Mother share + exercise price.

Very much better, wise player is better off buying C88, or C 91.

Goodness, some of the Call Warrant is bought by ignorant buyers. !!

C 76 and C 78 over priced by at least 65 %, tho its price is low. Conversion ratio is very high.

One is better off buying C 72

for those wanting to buy Call Warrant, I suggest you try C 72, at 1.64, Ex price of 5.88, ratio of 7:1 and expiring end Nov.

Premium is only 1.6%.!! Considered low for the time value b4 expiry on End Nov., settlement by cash.

Please dont consider C 76,and 77 as it is highly overpriced with 82% and 20 % premium, although it is cheaper, highly over valued. !!

Agree that those buying Call warrant must know calculations first before buying.

C92 at 70.5 cents is 28% over valued. C-90 at 1.75 is worse at 35 % overvalued.

I believe one of the best choice is C-88,at RM1.45, at only 2% pr1emium and expiring end January 2021, exercise value of only RM2.65 and low ratio of 4.2:1. Paying only 1.45, everytime Supermx increase, your CW will also increase.!!

Time factor has got value and you have 7 months before maturity by which time Supermx, would have increased in price by a wide margin due to its OBM and spot pricing.

In that case , your call warrant will also increase in tandem with the increased Mother price !!

Hope for the best tomorrow, and Top Glove to reach at least 230m net profit for 3 rd quarter, ending Aug 2020.

goreng kaki, where to get repot that PBank says TP 35 rgt ? Thank You.

A chance to get lower price before it is re rated.

Wow, Public Bank giving TP of Rm 30 ? They are usually conservative !!

Anyway, believe it is a chance of a lifetime as Top Glove has 700 lines producing 78.7bil pieces per year. Ave Selling Price, ASP will be determined one mth before delivery and fully booked till year end !!

Supermax has prodution of 26.2 bil per year.

As TG price goes higher, can only buy Call Warrant. Choice is C -75, price not too high, low premium and high volume transacted.

Let s huat together after results announced !! Possibility price go down on result, due to profit taking.

Confident next week, institutions will come in when they see the result. June 15 is a good date for investors.

The Calm before the Storm!!

When Top Glove announce result, people dont believe their good result. So they will also valuate Supermx on higher side.

Have bought and will buy more Supemx Call Warrant as it is leveraged, and long time to maturity, since most Analyst bullish on Gloves. The Target Price keeps increasing, now it is 10.90

Bought C 91 as it is balanced btwn price, premium, volume transacted and maturity. Buying more as this oppurtunity is too good to miss before TG result out tomorrow.

Top Glove target price keeps increasing from 20 by Maybank-KE, 23 by Credit Suisse, and recently 25 by Cgs-Cimb.!!

So Supemx will also go higher with its OBM, own brand Marketing, no need distributors.

Having capital that is limited, tried Supermx C 91. Price not that high, premium low and acceptable and still long way to maturity.

Most write ups give TP of 12 rgt to Supermx due to its OBM as compared to OEM, and buyback by directors. Oppurtunity comes but once only. !!

For those with ltd capital, can try TG Call Wrt, C 75, a balance between price, premium, maturity and volume transacted.

It has low premium and long way to maturity while TGgoes up and up.

All Fatt Fatt, 8.88, so Call Warrant C 88, lagi Fatt Fatt.

Very low premium at 0 %.!!!

You are paying nothing for the time factor till end January, period of 8, Eight months!!

Price close also at 1.48, got Fatt !!

Next Tuesady, so Huat lah.!

Margin people has time until end of June, so where got forced selling ? Dont panic people. Good time to collect, TP by OTB and IB is around RM20.

QR will be coming out, and we see who is right, the doomsayer or IBs.

One Glove producer not covered by capping is Careplus, a 4.1 bil pieces producer, as compared to Ruberex 1 bil, and no glove company, Adventa !!

Wonder why Careplus not capped, maybe have not reached over valued yet ?

Imagine Ruberex with less production of 1 bil pieces is Rm3.50 ! Adventa with no surgical gloves, hit limit up !!

Careplus with 4.1 bil pieces is only around Rm1.40 !! What irony. !

Ruberex will increase production from June this year, to 3 bil pieces as written by KYY in his 4 th of May article.

Careplus as early as 2017 planned to increase production to 10 bil plieces in 2020 from present 4.1 bil.

Question is, which one offers better value ? Your guess is as good as mine.

Other than these two shares, dont forget Luxchem supplies chemicals to make Nitrile gloves and HLT makes the production lines to be more productive. So next week, even these two can move. Bull market as Vol traded hits record, Value traded also high, and all Indices up.at 1473 KLCI.

According to 2019 Annual Report, Ruberex production of gloves will reach 2 bil by end 2020, as compared to Careplus 10 bil pieces by 2020.

Sold my Ruberex too soon. Careplus 1.40, Ruberex 3.50. Logically Careplus has more room to move.

If not mistaken, simply buying and holding Supermax Call Warrants, e.g; CW 88, can make that amount by buying 20 to 30 lots.It went up almost a ringgit every day. !!

Another way is buying MFCB Call warrant, CH. dropped to below 10 cents, and now at 32 cents, maturing in August.Triple profit.

Despite what people may say, logically thinking, you can make that amount by hoping on Careplus or Top Glove as their coming results will be bullish.

Adventa, without surgical gloves can go limit up ? Ruberex with lower production than Careplus, 1 bil, can reach 3.50.!!,

Careplus only 1.40 with 4.1 bil production !!

In a 11/7/ 2017, AmBank report, quote that Careplus intends to produce 10 bil pieces by 2020.

https://www.theedgemarkets.com/article/careplus-plans-produce-10-billion-gloves-annually-2020

As mentioned Careplus has advantage in South America. Also the last quarter already reported positive eps. Have contacted their Investor relations executive, Ms Aley Lim.

She quotes that in the first quarter result, Company will increase production due to high demand for gloves.

As the cheapest glove producer and higher production than Ruberex, positive that price should catch up with Ruberex, Comfort. !!

Imagine Adventa has no surgical gloves as it is sold to Top Glove, yet can go limit up !!

Ruberex with 1 bil production can touch RM3.!!

So, Careplus with 4.1 bil production, surely can touch RM2 !!

Checked with Company Annual Report, production is 4.1 bil pieces at present.

I believe Rubberex production is lower than Carepls, yet its price is way higher.

However, seems Company intend to produce 10 bil pieces in 2020.

Its cheapest Glove shares, so hopefully can catch up with Ruberex and Comfort.

Thanks PJSeow for confidence. Made some profit from Call Warrant, but sold too early. Anyway, hope interest will spill over to Jaks.

Hope after rights, price will recover to past high as
COD gets nearer.

From a graph, Careplus wants to increase production to 10bil by end of 2020 from current 4bil, increase of 140%.

Have yet to verify this.

Anyway, it is the cheapest glove manufacturer at present, at around RM1.00. Possible to go up to Rm2, with coming quarter result ?

coming result on 29 th May, Thursday, will be a very good one. Price will no doubt go over 6 rgt.

Jaks rights issue is good as it gives 50% discounted price to share holders and free money in the form of Warrants, 1 for 2 rights shares at 40 cents for the rights price. Rights issue by itself can be sold as it is quoted.

recall Malayan Flour rights issue. Those that undertook rights, easily made lots of money.

From Charts, price may go up some more. Call Warrant CH better value at just 1.8% and still more than 2 months to go. Wonder what is the TP now for MFCB. !

Jaks is not loss making. It is profitable. Only thing is the Commissioning of Operation Date of Turbine is delayed. When MFCB releases result, Retailers may consider Jaks as cheaper alternative. Dk66 and OTB is bullish on Jaks and anything below 1.20 is worth it.

Among the Call Warrants, c 47 is better value.

Tomorrow Call Warrant will up more. MFCB has never declared such high dividend for the first quarter !!

Last quarter, their eps was fantastic. This quarter, lagi fantastic ?

will this cause Jaks re-rating ?

timely warning. Nearly bought Gpacket Wb to convert to Mom at 40 cents !! Just 1 day, warrant down by 20 cents !!

definitely good news coming. This can be seen in declaring 6 cents dividend before results out.

Also, various call warrants on uptrend. Call Warrant CH is a good value buy.

User ID is as above. Thanks.

Please kindly add me on this discussion. Notice that MFCB is slowly and quietly on the rise. Quarter report due this end of Month. Thank You, DK66. You have put in great effort to substantiate your analysis.

I believe DK66 has done a lot of good analysing Jaks. At present FD rates are low, at less than 3%. Any projected returns of more than 4 %, represents good returns.

Before the Black Swan, people heavily buying Jaks at Rm1.50. OTB also promoted this share.KYY and OTB have also went to the site. Just look at MFCB to see that Hydro /Coal Powered Plant can give good dividends and capital returns. Though MFCB is expensive at RM5, a cheaper entry is to consider Call Warant CH which at one time touches 17cents and is now only 9 cents.!!

Everyone is entitled to his own opinion. There are some people who says Calvin Tan,-promoting Opcom for National Fiber Plan or 5G phone, and DK 66 is conman. That is factually wrong. They are actually helping investors to make the right decision. Many have gained from their write ups.

Opcom at one time touches more than 70 cents and went below half the price, but is now climbing up and at around 58 cents. Wont be surprised if it strongly rebounds above the price before the Covid 19, Political upheaval and low Crude Oil price triple whammy. !!

Agree, connected with Ventilator. Will be like LKL and Bcmall.

profit taking ? High demand for Ventilators. Scope has potential to be like LKL.

Calvin, are there reasons for the drastic fall of Opcom ? Due to politics ? Thank You.

Like LKL, involved in Medical equipment ?

Continuous buy back. There must be some good news because company is positive on its business to spend cash, around 50 million on this !!