Better be safe than sorry..Sell SKPETRO before you lose more money...cut loss..

If the directors resign suddenly for no apparent reason other than the usual lame excuse "citing personal reasons", minority shareholders better watch out. Something very bad must have happened. I think it's very likely SKPETRO's next quarterly result could be in the red..

You guys have been forewarned..

I suspect they resigned because SKPETRO's next quarter result will be a very bad one...better sell now else it will tumble all the way to below RM2.

Wah uncle, respect yoular..you're quite IT savvy for someone of your age. My mon, up to now, still doesn't know how to use Windows..

If Supermax can kick off the new plants, this stock's EPS for FY15 will increase alot. Supermax forward EPS will grow IMHO. Just have to be patient and trust yourself.

I agree with Kenanga's rating and assessment. Supermax is a deeply undervalued and underappreciated stock with a huge room for upside. That's why I'm still keeping Supermax shares..

:-)

Rating & Valuation Correspondingly our TP is reduced by 10% from RM3.06 to RM2.75 based on unchanged 14x FY15E revised EPS. We like Supermax for: (i) rerating catalyst upon commercial production of its new plant expected which dispelled market skepticism of persistent delays in the new plant, (ii) steep 40% discount to the sector average, and (iii) being a beneficiary of the strengthening USD against RM.

Reiterate OUTPERFORM.

littlebee: apart from Rafidah being appointed as the chairman, no news to share. But no worries, Supermax is still a solid company for long term investment. I still have some Supermax shares and plan to keep it for long term.

If you can wait for a year or so, Supermax share price will increase. In the meantime, enjoy your dividends.

Cheers!

Dont forget to take profit..at least take half profit...

This stock quite volatile..so my TP of RM3.50 might take a year to hit..

My Supermax stock is already up by 12%..LOL..told you all lor that Supermax will rebound and fly high you all don't believe me..one clown even called me blind.. (bullbear777)..

Waitlar..my TP of RM3.50 is still on!

power88: why compare Karex, a condom manufacturer against glove manufacturers?

:)

genesis81: you should have taken profit when Supermax was at 2.34-2.4 range. That would have netted you a nice return of 25-28%.

Then buy back again.

Remember guy, don't regret to take profits. You never know when the market might change its mind..

all else considered, Supermax is still a good buy for long term investing..

Just accumulated some more today. If it goes down more, I will buy..LOL..

As Buffet said, when people are fearful, be greedy! Grrrrr!Wahahaha..

Alex Chong: yes, exactly! Hence my positive forcast of Supermax. One must ignore all the noise and daily price fluctuations and look forward to potential increase in earnings..

Relax guys. There's nothing fundamentally wrong with Supermax. Even though the last quarter result wasn't exactly inspiring, I have confidence that this will improve overtime...just have to be patient..

@bullbear777: oooi budak kecil darjah 1, jangan buat kacau disini, kepala otak kau yang tak ert FA dan value investing jangan datang sini membebel macam tin kosong..

pergi balik trade "ASS" market stock kamu macam MPAY..jangan datang sini buat bising...

jacklintan: as a long term investor, I still think that Supermax is fundamentally sound. Nothing has changed fundamentally. A drop in price represents buying opportunity for me.. :-)

@ballanmessi: Of course! I'm a long term investor and am not really concerned about the daily price fluctuations as compared to a trader. As long as the company is fundamentally sound and below the fair value, I will keep.

all the glove maker counters are taking a hit today..

bullbear777: it's ok..my FA for Supermax is still intact..i'm a long term investor..if Supermax falls, it favours me dude and give me buying opportunities to accumulate at low prices...

you jangan cakap banyaklar...dapat ROI lebih daripada 900% dulu in less than a year baru cakap...

iris: i thought u sold all ur Supermax shares at a loss? You bought back? :-)

Profit down because of lower average selling price

I have a strong feeling that Supermax shares might move up next week by this piece of news. Good work Stanley.

I heard that Rafidah is a close ally of Najib. She might persuade Najib to get EPF to buy Supermax shares..LOL

Appointing Rafidah Aziz, the head of wanita UMNO, to the position of Chairman is a good move and bodes well for Supermax shareholders. Rafidah can use her political connections to protect Supermax from government interference. She could also use her political connections to even gain something positive for Supermax. This appointment could also inspire confidence in EPF and other trust funds to be keen again in investing in Supermax.

All in all, a very good move for Supermax shareholders. Stanley is beginning to be a businessman, not a political opponent of the government LOL

I Will buy more stocks come Monday. This new development is a good move for Supermax shareholders.

Supermax is still fundamentally strong. However, those who are impatient may want to sell off their stakes and move to fast moving counters..

Profit dropped slightly in tandem with other Glove makers. Nothing to be concerned about. 3 cents dividend declared.

yay market jatuh..boleh beli lagi....yay!

aduhai, kesianlar bullbear777, kena tembak puas-puas sampai tengah makan dengan gf pun terpaksa jawab komen saya..LOL...

ooiii trader bodoh, sudah butt-hurt ke saya lebih kaya daripada kamu, lebih banyak kereta mewah daripada kamu? wakakaka...

memang, u dont x waste time with fundamentals sebab kepala otak kau tu macam kanak kanak darjah 1, tak erti faham FA langsung..

jual beli tembak guna luck saja..LOL...

tak apa, no 1 is lucky all the time, lets see how long ur winning record goes...

bullbear777: itu sebab you bodoh..jual beli guna desas desus orang saja..tak guna otak untuk beli saham..beli guna intuition dan luck saja....tak guna FA..

oklar..u trader bodoh, u memang tak kisah fundamental syarikat, kalau syarikat NTA 1 sen pun you beli kat 21 sen asalkan naik 3-4 sen, untung terus..

itu semua orang pun boleh buat..kanak kanak darjah 1 pun boleh buat macam itu..jual beli tutup mata..LOL..

jangan cakap banyak, u cuba dapat untung lebih 900% dalam masa kuranng 1 tahun..LOL..

bullbear777:jangan cakap banyaklar..duduk diam diam, pandu kereta lembu kamu pegi Singapura..jangan balik Malaysia...wakakaka

bullbear777: wakakaka, tak tahu main saham? LOL...kepala otak engkau! Wakaka...beli stock PE lebih 67X macam MPAY tahu main stock..wakaka...

saya pun boleh trade..tapi saya tak bodoh macam kamu, trade stock macam MPAY..."ASS" market stock...LOL

saya beli semua main market...PE < 15X..profit naik..bukan macam MPAY, profit semakin hari semakin turun..LOL

bullbear777: keuntungan belum kira lagi dividend...kalau dividend dari BAT, KOSSAN, SUPERMAX, UZMA sudah lebih RM500K..LOL..

You beli kaunter macam MPAY tak ada dividend..PE lebih daripada 67X..LOL

bullbear777 tin kosong, otak babi..cakap besar saja..LOL...jangan buang masa saya lah..

bullbear777: MPAY ACE market stock...LOL...bodoh babi...untuk orang "ASS" macam kamu beli..

bodoh babi.. :-)

bullbear777: janagn buang masa saya..babi..

bullbear777: LOL...itu 90K untung tak kira yang saya untung tahun 2009, bodoh bangau babi. saya tak kata kerana tak mau tunjuk lebih..

belum kira lagi untung saya dari uzma, kossan, harta, BAT..LOL...leboh dari RM 8juta..LOL..


kalau tambah semua, keuntungan lebih daripada RM20 juta..LOL..

bullbear777: bodoh lar you..cakap tin kosong, suka action banyak...

bullbear777: you untung 11% 20% sehari sudah cakap besar..dulu tahun 2009, saya beli Supermax 32 cents dan jual bila ia di RM3.00, untung more than 900%...saya untung dari Supermax lebih 10 juta ringgit..LOL

bullbear777: you jangan action banyak lar..pakai kereta lamborghini sudah action...saya ada kereta Ferrari, Porsche, Lamborghini, BMW, 3 rumah banglo, 4 condo pun saya tak action macam kamu..

you beli stock macam MPAY kah..lol...shit companyleh...

iris: you sold all your supermax stocks already? ylar..if you bought at RM3 and sold at RM2.18, rugi liao..

The reason Supermax's stock is raging between RM2.17 to RM2.20 is because investors are waiting to see how well Supermax's next quarter result will be which I'm confident will be much better than previous quarterly result..

I accumulated some more today..LOL..expect Supermax to fly to RM3.00..LOL

Relax..Supermax's next quarter result will be out by tommorrow or Friday..

iris: be patient...u can average down at the current price..make sure the amount purchased is big enough to bring down your average buying price.

example: u have 40000 shares of Supermax at RM3.00. if you buy 60000 shares of Supermax now at RM2.18, your everage buying price is now RM2.51. So if Supermax flies all the way to RM2.90, you can sell all with a 15% profit..

Not bad..

Hi Mr Koon Yew Yin,

I understand that you're an astute long term investor who has made a lot of money investing in undervalued or under-appreciated companies. A few years back, you posted an article highlighting Coastal Contracts as a solid company to invests in and I completely agree with your views. Investing in Coastal alone has made me a lot of money.

Just out of curiousity, how high do you think Jaya Tiasa's stock will go in, say, 7 years time? Are you hoping this stock will be another Sime Darby or GENP stock where it will grow multiple times?

Thanks.

For those who are still sceptical, this company was listed as one of the best companies to invests back in 2010. Although it's been more than 5 years already, I still think Supermax is a winner.

Supermax Corporation Bhd (Symbol & Code: SUPERMX 7106)
Company Background

The Supermax Group was founded by Dato' Seri Stanley Thai and his wife Datin Seri Cheryl Tan in 1987 as a trading business distributing latex gloves which were sourced from contract manufacturers. In 1989, they started their first manufacturing facility. Today, the Supermax Group is the world's second-largest rubber glove manufacturer. It produces more than 14 billions pieces of gloves per year, meeting approximately 11% of the world demand for latex examination gloves.

The Supermax Group has eight (8) manufacturing plants based in Malaysia. Supermax currently exports to over 145 countries worldwide in the regions of America, Europe, Middle East, Asia and the South Pacific.
As an own-brand manufacturer, Supermax has developed a range of brands, namely Supermax, Aurelia, Maxter, Medic-dent and Supergloves.

In the 1st quarter of 2010 ended March 31st, the Supermax Group recently reported a 161.2% rise in earnings, on the back of 14.2% rise in revenue from the corresponding quarter last year.

Fundamentals

ROE: 23.3%

Average EPS Growth Rate: 29.7%

D/E: 0.30

Average P/E: 10.9

Dividend Yield: 2%

Supermax is very resilient! Lingering between RM2.17 to RM2.20. This means smart investors are accumulating at these levels and expecting a stellar quarterly result due next week. Brace yourselves for a another fantastic rally!

TP is RM3.50. But the next rally could see this stock at RM2.90. That's 32% upside from its current price of RM2.18. Awesome!

I accumulated some more today at RM2.18..LOL

Folks, don't let the vultures scare you into selling because this stock is still fundamentally sound. Be patient and you will be rewarded...

Went up to 2.21..someone is accumulating..LOL

Came across this piece of article that clearly echoes my sentiments about this stock..

http://klse.i3investor.com/blogs/icon8888/67262.jsp

Haha..thats the new revised TP of RHB-OSK..

It's like the calm before the storm..LOL..Superman also needs to take a break after a solid rally the past few weeks