My comments are in relation to the above discussion.

omione wickedlion @omione Interesting observation and comment. I believe your comparison is a bit unrealistic when nestle has been making on average around the same PAT and EPS for many years but Supermx was just last quarter when pandemic just started. If supermx were to reach as high as Nestle, demand for glove must retain the same level for many years to come. Is it realistic to think this pandemic will continue that long?

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Yes, my friend. Supermax earnings potential is not just a flash in the pan. The Covid has structurally shifted the demand curve for gloves. The growth of glove usage will continue long after the Covid pandemic is behind us. I project that in FY23, with ASP of just USD45 and capacity utilization of just 80%, Supermax will still be able to rack in PAT of Rm2.5 billion, representing an EPS of Rm1.80. Remember, Supermax current capacity is only 21.7 billion. In FY23, that capacity will be 48.4 billion.

The point is not the eventual fulfilment of the Rm100 price for Supermax vis-à-vis Nestle. It is an illustration of how ridiculously out of whack the current valuation is for Supermax. The Rm100 price is by no means impossible, though the numeral Rm100 may not be actually attained. Supermax will continue to split the shares as valuation rises in order to enhance liquidity. But if you index the current 1.36 billion shares outstanding, just maybe, in the not too distant future the implied Rm100 may become a reality. The fundamentals are there. It’s about earnings multiples.

For now, forget the Rm100. It is sufficed just to know that Supermax is deeply undervalued.

Alvin Chan @jacklimeu2, ppl think it can go to 30/50/100 doesnt mean they want to buy at those price. that is the price they wanted to sell. perhaps if you have the tix now, u can sell if you will it wont sustain :)
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if you are not willing to buy, it means you don't really think it is worth that price....but you are hoping someone else thinks it is and will buy from you....lol....all these talk of how it should be 30 or 50 or 100 is all hot air....hoping some will and buy from you....

will i buy nestle at 100? YES....

will i buy supermax at 100? Hell no....

It's not possible to compare Nestle to Supermax. Nestle income stream is stable. Supermax is purely due to HIGH ASP, which is NOT sustainable, as it is purely driven by a relative shortage, which will normalise with time. How long this time will be depends on how fast production can increase (new lines, new players) and how fast Covid-19 can be controlled. Even if you think it will continue for 1, 2 years, it will eventually go back to normal, and ASP and profit margins return to normal. The market takes this caveat into account, and hence the price is NOT what the expected immediate future PE will demand.

Those who thinks it's worth RM30, 50, 100, come, I sell to you at that price now. lol

The last 10 min trade is always subject to manipulation.... suddenly up RM1!

Nice end to month...sell 21.50 buy back at 20.90....close 21.14 still in paper gain.... tonight got chicken lice.... lol

Nice ..... bought back at 20.90

come come come, go below 21, i buy back, make today's chicken lice....

so who are the buyers at 21.60?....

If history is any indicator, after msci inclusion, it will drop again...sell on fact....

flat like pancake, no trading opportunity today...

Trump got his wish....stop testing....those with no symptoms....lol

Normally, the selldown occurs after the fact, in this case, the share "bonus" (actually share split)...but this one happens even BEFORE the fact...lol

All red....anyone still collecting? lol

Getting on Indices so far did nothing for the share...

Knm_bottomed BREAKING: President Trump to hold press conference tomorrow regarding a 'major therapeutic breakthrough' on coronavirus
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Trump will lie to try get relected....he is badly trailing and wants FDA to approve anything so he can give the "good news"....

No action today....not enough volatility to trade....see next week....

The 1 for 1 "bonus shares" (technically it's a share split) adds no intrinsic value to the stock. Once ex, the share price automatically is half and while you have double shares, you ringgit value is still the same. The only effect is that it makes the price looks cheaper and subliminally encourages punters to trade.

The MSCI listing is more important, as foreign funds will pay more attention, and MSCI ETF and bonds will need to add it to their portfolio.

There is no more news about the treasury shares. No dates given, so it will be after bonus shares. In which case it will be 1:90.

Sypher I just want to say, for all those who see the usernames of idiots (secretinvestor, teamrocket, and whoever else) . Just stop reading their comments, those commenting and shouting incessantly on this forum, drowning out rationale discussion and thoughts with their barking just need to be ignored.

Don't entertain them, the biggest thing you can take away is their ability to be heard. Because that's the only form of validation they have in their pathetic existence.

Move forward and let's try to improve this forum with logical discussion. Good luck everyone today.
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I completely ignore these idiots, including those who resorted to personal insults. But in this case, my nick was hijacked, and posts were made seemingly from me. In any case, my complaints have worked, and the hijack posts have been removed.

Abuses I can ignore. Hijacking Nick is a system flaw.

lol

Right. And anyone can be anyone else. The forum system is flawed.

Cannot ignore, hijacked my nick. Abuse complaint made.

This is supposed to be a serious forum discussing stocks. If I don't own Supermax shares, I wouldn't be here. But seriously, everybody must be sycophants with no brains? I say what is facts. If whoever hijack my account (and from the language used, it is obvious who is the fake) don't stop, this is a useless forum. I have changed my nick for the moment.

jacklimeu2 buy tomorrow !!! steady !! sure uptrend lah...TP covered by so many banks, why scared...go buy !

if you dont buy then u cry father, cry mother no use.

CIMB: More some than fire in the GLOVE
Source : CIMB, Price Call : BUY, Price Target : 27.00
Last Price : 20.94, Upside/Downside : +6.06(28.94%)
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Someone is desperate enough to hijack my nick....by registering jacklimue2 and using my nick as first name....whoever that is, please stop.

If admin do not and cannot regulate a simple thing like this....

Despite such enthusiasm, do note that there is no declared dividend, and there is no more news about the proposed distribution of treasury shares at 1:45....ie all the excess profits are still kept by the company, nothing given to shareholders...

Good volatility...made some chicken rice kopi o money...

Nobody knows any news about the 1:45 treasury shares?

Can't find any updated information: what happened to the 1:45 treasury share dividend proposed?

Just out from meeting, see price, I presume EGM approved bonus shares....

DJoker89 poor jacklimeu2.....

if i were you, i would not fight them
just remain silent and shut up ...is the ebest u could do
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Buy on rumours, sell on facts.....

Not I say one....

https://www.dummies.com/personal-finance/investing/technical-analysis/how-to-buy-stocks-on-the-rumor-sell-on-the-news/

Common knowledge....

jack_limeu2 Me and Jakclimeu2 one and the same person..i lost alot of money around rm 300 and thats why i always tell the supermax will crash..i betted my mother to be fark by a dog..and i am so shameful and angry
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Imitation is the greatest form of flattery....lol

For a supposedly serious forum like this, the amount of junk and trolls even exceed lowyat /k....

Buy on rumours sell on facts....so after EGM bonus shares confirm, another round of drop....

Every punter hopes there is a greater gambler/fool who will come buy at 30 40 from you mah....

This is with bonus shares and treasury share free gift pending.... imagine after ex the free shares....lol

banks cutting off contra trades for gloves....news just out lunchtime, now force sell....

The glove game is not over....but the next significant Q result is TG in 2 months, so expect no push for a month or so, like in July....

https://www.newscientist.com/article/2251722-everything-you-need-to-know-about-russias-coronavirus-vaccine-claims/

Those who can understand some science..... everything we know so far about the Russian vaccine.

Lucky Investment Just buy and hold tight until the next qr. Don't trade in trade out.
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Small correction: till just before next Q, then should exit before announcement.

limkokthye nice number 18.88
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the last time it was 8.88, it dropped like a stone the next day.....lol

Forget the Russian vaccine lah. Completely untested and without scientific evidence....everybody who gets it will be phase 3 guinea pigs....lol

Buy on rumour, sell on fact....as always still so so true....lol

missed the lows again today...

damn....came out from meeting, and missed the sale.

Q but no strike.

Since when Russia/Putin/KGB got ethics one?....lol

trumpet would dearly love to do the same to win reelection....only usa got congress and senate to block such actions....

CoolJay What happens to warrants during bonus issue?
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prices stays the same, but redemption price and ratio adjusted...

eg C84 now RM1.70 plus 4 warrants, after split, becomes RM0.85 plus 2 warrants.

tiantsai @jacklimeu2 , this is true, if cannot destroy will make them stronger
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Not in this case. Phase 3 is to determine if it works, and side effects in larger group human guinea pigs....no evidence it works as they have not done the trials....so everybody receiving the vaccine is a guinea pig....if there are bad side effects, well......lol

The Russian vaccine never undergo phase 3 trials....everybody now guinea pigs....lol