Next quarter result will be out in 27 or 28th Feb. Right now, big money is waiting for a strong catalyst to push the price up further i.e. solid financial results, commissioning of new plants etc.

You can bet your assses that Supermax's next quarter result will be superb..

RHB didn't say the factories were not ready..they just said that they could not confirm with the management whether the 2 new factories are ready..

Last time, RHB-OSK's TP was 1.87, now revised up to 2.17..LOL..next RM3.00..LOL

Wah..RHB-OSK has finally revised their TP which I'd long predicted. :)

Investors are waiting for the Q4 results which many anticipate will be a very good one. Supermax should do well..just be patient..

Guys, there is a resistance level at around RM2.20-2.18. I expect Supermax to hold at this level. This is a classic example of resistance becoming support. Otherwise, if it falls, next support level is at RM2.10-2.15.

The fact that Supermax didn't drop drastically these past few days indicates it's on an uptrend already. 100% confirmed.

I bought back Supermax again after selling my Uzma at a profit..LOL..


See u all at RM3.70..

Cheers!

So when should you sell stocks in a company? You should sell when:-
1) The company is making a loss and/or it's earnings are declining every quarter for NO apparent reason. This indicates the management is lousy and running the company and you should flee with your money from such companies.
2) If the fundamentals of the company are no longer favourable i.e. product/service produced is obsolete in light of a better product/technology.
3) Financial scandal involving the company i.e CEO absconded with shareholder's funds etc.

Does Supermax meet any of this criteria to sell? Absolutely not. Those who argue that we should sell because of point #3 are just fearful without reason as the insider trading charges are politically motivated and doesn't involve Supermax at all.

As I said previously, Supermax's fundamental's are still intact. It's earnings for the past 4 quarters have been increasing steadily, although not up to the analyst's expectations and this can be explained if you all read the analysts report.

The EPS for Supermax's past 4 quarters are 3.68, 3.91, 3.93 and 4.09. So EPS has been increasing steadily. With the new plants kicking off by the end of this year and the insanely stronger USD vs MYR, Supermax is set to hit record profits!

I believe the company will still be profitable even without Stanley because gloves are a necessity! The company can already run itself without the CEO.

So use your brains, not your emotions, to trade or invests.

Just to share my experience, Supermax has never failed me. Few year back, made more than RM90K from Supermax alone.

Then last year, Supermax's performance slack abit, so price drop and was in a paper loss at RM50K. When it drop to RM1.60 levels after the Stanley insider trading charges news, I topped up at RM1.68 and brought down my average price from RM2.60 to RM1.85. Now on paper profit of more than RM48K already.

I never once lost faith in this counter. If you're smart, you will average down the price and wait for Superman to fly.

Profit taking today. So could be a good opportunity to accumulate. Those who untung might want to take profit now and then buy back at a lower price. Rest assured, Supermax is already on an uptrend. How do I know? It blasted through the resistance level at RM1.90 and even RHB's pathetic price of RM1.87. What does that tell you? Supermax is set to fly sky high somemore.

Still alot of room for upside with my predicted TP of RM3.00 but I'm positive it will go beyond RM3.00

Harta is a better company in terms of fundamentals compared to Supermax. But the problem with Harta is that it's way overbought already at 25X PER. What's the point of buying something when there is hardly any room for profit?

That's why I prefer Kossan and Supermax. Kossan also now overbought which is why it's shares didn't go up today. This leaves us with Supermax and TopGlov, the laggard among the top glove makers..

But between Supermax and TopGlov, I prefer Supermax because of it aggresive expansion plans and new plants and also it's 50/50 mix of nitrile and rubber glove.

Supermax is deeply undervalued even at RM2.28. Hence, my preference for Supermax!

Tornado: did u buy Supermax shares when it was below RM2.00? If you did, congrats!

Andre Kua: You granduncle will be most huatarr once Supermax exceeds RM3.00 which is predicted price for this year..

Also, those who bought before the dividend ex-date can enjoy the dividend payable on 28 Jan..

Tornado: In my years of investing and trading, I learnt to never believe analyst whole-heartedly. Do your homework and believe in yourself.

The analyst who revised down the price at RM1.87 already untung if he bought at that price..

When Supermax releases its first quarter result for FY15, it will be a stellar one.

Supermax will fly to RM3.00 and beyond! LOL

Icon8888: jolie2 and his hoard of disparaging peers are all in Nirvana dream land waiting to buy Supermax at 10cents..LOL

To add further, Supermax's PER of 14x was based on the last 4 quarters, which was the worse. With the USD so strong, it's estimated forward earning of of 21cents tranlates to only 10X PER!!

Supermax Kossan Harta
Q1 3.68 6.03 7.81
Q2 3.91 5.76 6.63
Q3 3.93 5.41 7.55
Q4 4.09 5.38 6.26
Total 15.61 22.58 28.25

Current Price 2.21 5.17 7.15
Trailing PER 14.15759129 22.89636847 25.30973451

The table above shows the earnings of the top 3 glove makers for the past 4 quarters. As you can see, Harta and Kossan are way overvalued at 25X and 22X respectively. Supermax on the other hand is only trading at a puny 14X PER. Even if the stock goes up to RM2.80, it's only 17X PER.

What does that tell you? That among all the glove makers, Supermax is deeply undervalued. It is a hidden gem and those who are smart and patient will reap the rewards in the coming months if they buy now..

Plentiful Supply

Global stockpiles are still expanding. Inventories will reach 3.79 million tons by the end of 2014 and 4.33 million tons by 2015, according to The Rubber Economist Ltd. Reserves will increase to the equivalent of 3.9 months of consumption at the end of 2014 from 2.5 months a year earlier, the London-based independent researcher said by e-mail on Aug. 15.

“We don’t expect to see an end of ample supply,” Carsten Fritsch, an analyst at Commerzbank AG in Frankfurt, said in an e-mail. “Demand growth will find it hard to catch up. We do not see a major scope for prices to recover.”

World inventories were 2.9 million tons at the end of 2013 from 2.26 million tons a year earlier, study group data show.

“The continued decline in natural rubber prices and a slower-than-expected recovery in global demand as well as increased supply have led to an inventory buildup,” Nair said.

Production from growers representing 93 percent of global output dropped 1.1 percent to 5.83 million tons in the first seven months from a year earlier, the Association of Natural Rubber Producing Countries said on Aug. 6. The group represents the top producers including Thailand, Indonesiaand Vietnam.

Global sales of light vehicles, weighing less than six tons, are set to climb 4 percent to a record 90.5 million units next year, according to LMC Automotive Ltd., a research company in Oxford, England. Sales across Asia will expand 5.4 percent in 2015, it said in e-mail.

World production will rise 2 percent to 12.275 million tons this year and increase to 12.635 million tons in 2015, the study group said. Demand will expand by 4.5 percent to 11.904 million tons in 2014 and grow to 12.433 million tons next year.

6) World 3rd largest glove manufactor with website on various language throughout the world

www.aureliagloves.com - USA

www.supermax-brasil.com - Brazil

www.supermax-gmbh.eu - Germany

www.supermaxcanada.com - Canada

www.msd-europe.com - Belgium



7) Oversupply concerns appear overplayed, new capacity to drive growth in 2H2014.

http://klse.i3investor.com/servlets/ptres/23967.jsp

Tell-tale signs of oversupply concerns appear overplayed considering that capacity expansion of the four rubber gloves manufacturers under coverage are expected to be delayed and staggered. Kossan’s 5b pieces capacity will only gradually be ramped up starting from Mar 2014 (1st plant) and the other two plants will commence in 3Q2014 (net increase in new capacity for 2014 is 2.5bn pieces). Supermax’s new plant with an estimated 5.3b pieces will only start commercial operations end 2Q 2014 with an estimated net incremental increase of 2.5b pieces. Top Glove is scalling back and only expects 2b pieces new capacity by end 2014. Meanwhile, Hartalega’s NGC plant is only expected to commence commercial production by 4Q 2014 with a net incremental increase of 2.0b pieces by end 2014. If we sum this up, the new capacity is only about 9b piece, which is only 56% of new world demand (if we take global demand at 160b pieces of gloves and assuming a 10% growth, new demand is expected at 16b pieces) which accounts for less than 60-65% of Malaysia market share globally (bearing in mind all the four players under our coverage accounts for an estimated average 90% of production in Malaysia).



Weaknesses

1) Potential rise in electricity

2) EPF sell off recently (from 55million shares to 40million shares)

3) Cure for ebola -

http://www.businessinsider.com/man-cured-of-ebola-with-experimental-drug-today-is-a-miraculous-day-2014-8

4) Selangor water crisis

5) Foreign exchange loss (RM3.21 to RM3.15) - 2% decrease





Estimated EPS

Q2 2014 - 4.5sen (Most of the Alor Gajah factory production recovered)

Q3 2014 - 6sen (Alor Gajah factory production fully operation on June 2014, commissing of 2 new plants)

Q4 2014 - 7sen (Most of the new plant production complete commissioning)

Q1 2015 - 8sen (Full production on new plant - 6.9billion glove per year)

Q2 2015 - 8sen

Q3 2015 - 8sen

Q4 2015 - 8sen

Average PE among glove company = 17.42

TARGET PRICE (CURRENT PRICE: RM2.24)

- RM3.72 based on EPS21.41sen for FY2014

- RM4.88 based on EPS32sen for FY2015

3) Profit margin increase due to production efficiency

Manufacturing and Process Automation
Most of the manufacturing plants in the industry, including Supermax’s plants, are already
highly automated. However, there are some remaining processes, particularly the stacking and
packing processes, which still require a lot of manual labour. The automation programme to
automate these remaining processes is being fast-tracked in response to the need to reduce
dependency on foreign labour. This process has invariably lead to some output loss but it is a
necessary step for future gain. (hint: This is the reason why Alor Gajar factory on fire??????)
Ultimately, this would enable the Supermax Group to further increase productivity and manufacturing
efficiency and remain at the forefront in terms of global competitiveness. In addition, all the new
manufacturing facilities would be fully automated and equipped with manufacturing automation
processes fully built-in as part of the capital expenditure.

4) Ebola boost demand on gloves

http://blogs.wsj.com/moneybeat/2014/08/06/ebola-outbreak-gives-malaysia-glove-makers-a-boost/

Malaysian rubber glove makers, the world’s biggest, are getting a boost from the Ebola outbreak in West Africa on speculation there’ll be a jump in demand for the products used to prevent infection.

The country is one of the world’s largest natural rubber producing countries, and the glove producers typically receive a bump when global health worries surface on bets more will be needed for medical procedures, and that companies will stock up as a precaution too.

Shares of the world’s largest glove maker, Top Glove 7113.KU 0.00% Corp Bhd., have rallied as much as 6.7% this month while competitor Kossan Rubber Industries 7153.KU +1.99% has jumped 5.2% and Supermax up 17%.

Analysts however are less sanguine about a sudden surge in demand, even as a second U.S. Ebola patient arrived at an Atlanta hospital Tuesday.

“While some glove companies have seen an increase in demand from the affected African countries, sales contribution from these countries is negligible, leading to minimal earnings impact,” CIMB analyst Eing Kar Mei wrote in a note this week. She says they’ll only be an impact on demand if there’s a significant rise in Ebola cases globally and a depletion in glove inventories.

Top Glove said in an email it has “noted growth in demand for natural rubber gloves, in line with the general uptrend from developing countries,” but said any rise in demand isn’t necessarily related to the Ebola outbreak. Africa contributes just 4% of Top Gloves sales revenues, said corporate communications manager, Michelle Voon.

“The potential is there but panic buying will only happen when it spreads beyond Africa and if the WHO (World Health Organization) declares something,” said Edward Yip, corporate affairs head at Kossan Rubber. “Even then, the main buyers will likely be from developed countries like the U.S. and Europe rather than from developing countries like Africa where glove consumption is low.”

The last time the glove sector experienced a surge in demand was after the World Health Organization announced a health emergency in April 2009 amid a global outbreak of the H1N1 flu strain, she noted.

Hong Leong Investment Bank meanwhile said it is keeping its “Neutral” rating on the rubber gloves sector as the virus’ spread has yet to reach the scale of the 2009 flu pandemic which caused about 280,000 deaths.

Still, current health concerns will be advantageous to Top Glove as the company has a greater exposure to the continent where latex gloves are preferred, analyst Tan J Young added.



5) Raw material such as rubber dropping tremendously as supply of rubber at new high

http://www.bloomberg.com/news/2014-08-17/rubber-glut-seen-shrinking-as-28-price-decline-deters-tapping.html

The global surplus of natural rubber will shrink 46 percent in 2015 as demand expands and farmers reduce tapping because of decreasing prices, according to the International Rubber Study Group. Futures advanced.

Production will outpace demand by 202,000 metric tons from 371,000 tons in 2014 and 650,000 tons last year, the Singapore-based body said in an e-mail on Aug. 13. The group said in May the glut this year would exceed the 714,000 tons in 2013 after it increased output estimates forThailand, the biggest shipper.

Futures plunged 28 percent this year, declining to the lowest level in almost five years in June. Supply increased after record prices three years ago spurred output, while demand slowed as the pace of economic expansion decelerated inChina, the biggest buyer. The glut is now contracting as profits decrease for small farmers who represent 80 percent of world supply amid forecasts for record global car sales.

“Small growers across producing regions have started responding to a consistent decline in prices,” said Lekshmi Nair, senior economist at the group. Farmers are showing less enthusiasm for tapping

I am here to ANSWER a simple question. Why Supermax?

Strength

1) Undervalue (PE12.34 vs Harta PE23.01 vs Kossan PE18.03 vs Topglove PE16.3)

2) Explosive production growth in 1 year (5.4billion to 12.3billion) - 128% increase - highest percentage among top 4 glove maker

Expansion Plans
Expansion of Nitrile Latex Examination Gloves Capacity
Plants #10 and #11 in Meru, Klang are nearing completion and the Company has been working
with the relevant authorities to install and supply the necessary infrastructure and utilities. The
first batch of lines is expected to be commissioned within the 3rd quarter of the year. These
new plants will have lines that are built to be inter-switchable between natural rubber and
Nitrile glove production but have currently been earmarked for Nitrile in tandem with market
demand.
Capacity from the 2 new plants will be commissioned in batches starting from Q3 2014, and
when fully commissioned, it would increase the Group’s Nitrile glove capacity by 6.9 billion
gloves which is more than double the Supermax Group’s current Nitrile capacity from 5.4
billion pieces per annum to 12.3 billion pieces per annum. This increase in production
capacity will result in Nitrile Gloves forming 53% of the Supermax Group's total installed
capacity while NR Latex Gloves will form the balance 47%.
Though we anticipate competition would be more intense on Nitrile Glove, we have factored
into our budget with profit margins ranging from 9% to 11% from the increased revenue
generated by the additional capacity that Supermax Group would be adding to the market in
year 2014.
Thus, the additional capacity will not only enable the Group to reduce the lead times to meet
demand for Nitrile Gloves but also improve profitability through higher efficiency and better
productivity. In addition, the increase in production capacity of Nitrile Glove would contribute
NOT just to the Manufacturing Division in terms of additional new sales & additional profits,
but also provide additional new sales and additional profits to Supermax Group's overseas
distribution activities, providing additional income and increase in market shares of Nitrile
Gloves where the Group's overseas distribution companies operate.
Glove City Project
With fully-owned subsidiary Maxter Glove Manufacturing Sdn Bhd’s (MGM) development of
plants #10 and #11 in Meru, Klang, due to be completed this year, MGM will next move on to
its Glove City Project.
The entire project will encompass 6 manufacturing plants which will be built over the next 10 -
12 years. Each plant would have an installed capacity of 4.1 billion pieces. Construction of
the first plant is targeted to commence in year 2015.

Supermax Business Park Project
Supermax has also acquired a large piece of industrial land measuring 100-acres in Serendah,
Selangor, to build the Supermax Business Park. The idea and vision is to create a win-win
situation whereby 60% of the land area will be used by Maxwell Glove Manufacturing Bhd
(formerly known as Seal Polymer Industries Bhd), a wholly owned subsidiary of Supermax, to
build an Integrated Glove Manufacturing Complex (IGMC) to produce nitrile gloves, and
the balance 40% of the land will be developed for the Supermax Group’s supporting industries
such as the chemical, packaging and porcelain/ceramic former suppliers, and engineering and
automation companies, to set up their operations here.
The 40% portion of land allocated for the supporting industries will have a Gross Development
Value (GDV) of RM350-400 million and is targeted to be fully developed within 3 to 5 years.
For the remaining 60% of the land reserved for the development of Maxter Glove
Manufacturing Sdn Bhd’s IGMC, it will be developed in 2 phases at a total cost of between
RM700 million and RM750 million with total of 40 production lines with production capacity
of 15.5 billion pieces per annum. Details are as follows:

2014-2018 (Phase 1)
Installed capacity - high capacity & high efficiency lines 28 - pieces of gloves 10.85 billion
2019-2022 (Phase 2)
Installed capacity - high capacity & high efficiency lines 12 - pieces of gloves 4.65 billion

The proposed manufacturing facilities will employ the very latest technology in nitrile glove
manufacturing which would make this the most advanced, efficient and productive
manufacturing facilities in the region. The acquisition will enable the Company to
aggressively expand its production capacities to meet the current and future growing demand
for nitrile gloves.
This is in addition to the capacity expansion which is currently being carried out by Maxter
Glove Manufacturing Sdn Bhd, another fully-owned subsidiary of Supermax Group based in
Klang, Selangor.

I reiterate again..Supermax will fly beyond RM3.00 by the half of this year, if not the end of the year. All the fundamentals that make Supermax very profitable are in favour of it i.e. stronger USD, lower production cost and increasing new plants..


When Supermax's next quarter result comes out, you can bet your assess that all the analyst will revise their TP up.


I'm already laughing all the way to the bank when I bought Supermax at RM1.68 and then at RM2.00. I'm still laughing and expect to laugh all the way to RM3.00 holding this stock.


When news of Stanley Thai's charges came to light, a lot of idiots and dishonest clowns (jolie2 etc.) were condeming this stock saying its shit and will nose dive to 10 cents. These idiots were hoping to scare investors into selling this stock on panic so that they accumlate quietly at cheap prices. Some idiots were even hoping to buy Supermax at 10cents. Haha..maybe in your Nirvana dreamslar...

But experience investors like me knew that Supermax will not go below RM1.60 because if you look at the charts, technically Supermax was already at an all time low at that time...Fundamentally, Supermax is a solid company and its earning are roughly on par with Kossan.

Now I guarantee you that Supermax will break the RM3.00 barrier..

Mark my words...

Eddy Wong: With Supermax, have to be patient.. this stock I predict will go beyond RM3.00 with the new plants and stronger USD. Mark my words, by first half of 2015, Supermax will reach RM3.00..

LOL

Tornado: LOL

I just bought some more at RM2.00...wasted, should've bought more when it was below RM2.00..Regret..LOL

Even at the current price of RM2.08, there is still a HUGE room for the stock price to go up further.

If you buy now at RM2.08, and Supermax hit RM3.00, thats 44% profit!! POWER MAN!!!


Supermax -> FLY AWAY!!

The reason I like and support Supermax is that all it peers like HART and KOSSAN are freaking overbought until no room for upside! This is especially true with HARTA which is trading at more than 20X PER. Supermax is the only one with alot of upside room...

AMMB latest TP haven't taken into account Supermax's next quarter result..after it's released, you can bet they will revise up the price to RM3.00..LOL

Jolie2: if you're reading, please don't touch Supermax stock since you condemn this company and ST so much...

You all mark my words lar..by the first half of 2015, Supermax's stock will hit RM3.00 or above...

Just wait and see...


I was right when I predicted that Supermax will not drop to below RM1.60...now my prediction is it will go beyond RM3.00 by the first half of 2015...

Kenanga's TP is RM3.06..my TP is RM3.50 ..

Within the new few weeks,all stock analyst will upgrade their TP for this stock especially Kenanga...

LOL

From a technical perspective, Supermax has already broke past the resistance level of RM1.90. That means from this point onwards, it will soar to RM3.00..

jacklintan: i'm one of the few people with integrity. Since the begining, I've been advising Supermax shareholders in this forum to keep them and not sell on panic just because of some silly politically-motivated charges brought upon Stanley Thai.

Read my previous post and you can see that I still see that Supermax's fundamentals are still solid. Supermax earning are roughly on par with Kossan and yet Kossan is trading higher than Supermax. Supermax should also be trading at 15-15 PER as the USD is very strong now and getting stronger..

When the USD Fed raises interest rates, you can be sure the USD will soar to above RM3.70...


LOL...

jolie2: where are you? why so quiet all of a sudden??? are u crying because Supermax didn't hit 10cents??LOL..

U must be in Nirvana to think that Supermax will drop to 10cents..LOL..

Come and talk cocklar some more...

If u dislike Supermax so much, u'd better not buy or hold any Supermax stocks because if u do, ur no better than a con man!..LOL

I bet my ass that Supermax will go above RM3.00 by the first half of this year, or the latest by year end...it will go all the way up to RM4.00 also if the USD keeps rising..LOL

Supermax wins!

Where is the bloody fool Jolie2? Few weeks back was sprouting nonsense saying Supermax is worth RM1.00..LOL..

He is a bloody fool...or a bloody dishonest fellow..LOL

USD is very strong now and getting stronger by the day. Now it is 1 USD = MYR3.62 and by the end of the year, it will hit RM3.80. Supermax's profit will soar through the roof!

TP 3.06 as predicted by Kenanga. Where are those idiots who said Supermax was a crap stock and will nose dive to 10cents? LOL..bloody fools all of them..

I've been saying all along that Supermax is deeply undervalued and oversold. Just because Stanley Thai has been chanrged for allegedly committing insider trading doesn't mean the stock is crap. Those who sold on panic at RM1.60 are now regretting...

LOL..I bet you all that Supermax will go above RM3.00 by the first half of the year...LOL

Stupid man. Oil price has nose dived to below USD44, people still want to buy..

Oil extended losses to trade near $45 a barrel amid speculation that U.S. crude stockpiles will increase, exacerbating a global supply glut that’s driven prices to the lowest in more than 5 1/2 years.

Futures fell as much as 1.7 percent in New York, declining for a third day. Crude inventories probably gained by 1.75 million barrels last week, a Bloomberg News survey shows before government data tomorrow. The United Arab Emirates, a member of the Organization of Petroleum Exporting Countries, will stand by its plan to expand output capacity even with “unstable oil prices,” according to Energy Minister Suhail Al Mazrouei.


The United Arab Emirates will stick with a plan to increase oil-production capacity to 3.5 million barrels a day in 2017 even as an oversupply pushed prices to the lowest in more than five years.

“In this time of unstable oil prices, we are showing in Abu Dhabi and across the country that we remain dedicated to reach our long-term production goals,” Energy Minister Suhail Al Mazrouei said in a presentation in Abu Dhabi yesterday. “Our investments remain there.”

Oil fell to the lowest level since March 2009 yesterday after Goldman Sachs Group Inc. and Societe Generale SA cut their price forecasts. Venezuela called on producers in the Organization of Petroleum Exporting Countries to work together to lift prices back toward $100 a barrel. The U.A.E., the fifth- largest OPEC member, produced 2.7 million barrels a day last month and has a current capacity of 3 million barrels a day, according to data compiled by Bloomberg.

The United Arab Emirates will stick with a plan to increase oil-production capacity to 3.5 million barrels a day in 2017 even as an oversupply pushed prices to the lowest in more than five years.

“In this time of unstable oil prices, we are showing in Abu Dhabi and across the country that we remain dedicated to reach our long-term production goals,” Energy Minister Suhail Al Mazrouei said in a presentation in Abu Dhabi yesterday. “Our investments remain there.”

Oil fell to the lowest level since March 2009 yesterday after Goldman Sachs Group Inc. and Societe Generale SA cut their price forecasts. Venezuela called on producers in the Organization of Petroleum Exporting Countries to work together to lift prices back toward $100 a barrel. The U.A.E., the fifth- largest OPEC member, produced 2.7 million barrels a day last month and has a current capacity of 3 million barrels a day, according to data compiled by Bloomberg.

Studip man. Oil price has nose dived to USD45, people still want to buy..

Oil extended losses to trade near $45 a barrel amid speculation that U.S. crude stockpiles will increase, exacerbating a global supply glut that’s driven prices to the lowest in more than 5 1/2 years.

Futures fell as much as 1.7 percent in New York, declining for a third day. Crude inventories probably gained by 1.75 million barrels last week, a Bloomberg News survey shows before government data tomorrow. The United Arab Emirates, a member of the Organization of Petroleum Exporting Countries, will stand by its plan to expand output capacity even with “unstable oil prices,” according to Energy Minister Suhail Al Mazrouei.

Supermax will be flying sky high soon. TP: RM3.00 as Kenanga out it..LOL

Huat!! Huat!!

Post removed.Why?

Oil trading below USD59/barrel...USD20 oil is coming..LOL

RUN!!!!!!

Drop faster UZMA! Coastal drop 27 cents, why you drop only 7 cents?

RUN!!!!!!!!

Oil stocks will be on major discount tommorow..LOL

http://www.marketwatch.com/story/oil-futures-down-after-hitting-fresh-multiyear-lows-2015-01-04?dist=lcountdown

Oil stocks will be on major discount tommorow..LOL

http://www.marketwatch.com/story/oil-futures-down-after-hitting-fresh-multiyear-lows-2015-01-04?dist=lcountdown

Oil stocks will be on major discount tommorow..LOL. Oil already below USD50 per barrel

http://www.marketwatch.com/story/oil-futures-down-after-hitting-fresh-multiyear-lows-2015-01-04?dist=lcountdown

With the USD now trading at RM3.54 to a dollar and the flu epidemic lurking around, Supermax will fly like tommorow.

Hang on for the ride people

Yay!

Loo jangan cakap banyak lar... 14% untung saja sudah action...saya untung 28% dari uzma, baru jual semalam @ 1.65 ..LOL...

Dari Uzma saya sudah untung lebih RM 4 juta, beli Uzma dulu kat RM1 dan jual bila harga di RM4..sekarang round 2..LOL


Sekarang boleh beli kereta Porsche 911 dalam koleksi kereta saya Ferrari, Lamborghini..

Oil stocks bounced, in their best day in three years, but oil industry analysts say the equities may be premature in celebrating a bottom in oil prices.
"I think it's too early to call that," said John Kilduff of Again Capital. "All the elements are in place that got us to these new lows. We've had episodes of backing and filling and working off some of those oversold conditions. I think the Russian situation was a disrupting event and oil was acting bad because of it. OPEC is on the wires every day saying they don't care how low it goes, they're not going to cut back."

West Texas Intermediate crude futures rose 54 cents to settle at $56.47 per barrel, while the S&P energy industry sector jumped 4.2 percent. Brent crude futures settled up 1.9 percent at $61.18 per barrel.

A new oil well head waits to be fracked at a Hess site near Williston, N.D.
Andrew Cullen | Reuters
A new oil well head waits to be fracked at a Hess site near Williston, N.D.
Read MoreOil extends gains after EIA data

Oil majors like Exxon and Chevron were sharply higher, as were energy ETFs, like Market Vectors Oil Services ETF OIH and the Energy Select Sector SPDR Fund XLE. Transocean, Diamond Offshore, Halliburton and dozens of other names in the sector saw gains of 3 and 4 percent.

Read MoreTrying to pick a bottom in energy stocks

Analysts say it could take a change in stance by OPEC for the oil market to see a bottom. "I don't think we can determine that at all yet. In the last four months we've seen rebounds in prices from $3 to $5 and the market is still headed lower," said Gene McGillian, analyst at Tradition Energy.

"Until we get a sign these things that were driving us down are changed, we're still going to go lower," said McGillian, who said short covering was a big factor Wednesday.

Fadel Gheit, senior energy analyst with Oppenheimer, said the market may be getting close to a bottom.

"All the oil stocks are rising because people believe oil prices have bottomed. That's a second strong day in a row. People think if it repeats three times then the thing is real," said Gheit.

One reason that analysts expect oil prices to remain low is that supply continues to increase and will into the first half of next year. Newer U.S. wells are expected to continue to produce several hundred thousand more barrels a day next year, down from the million barrels expected when prices were high.

U.S. oil production grew last week to 9.14 million barrels a day from 9.12 million the week earlier.

Even Russia, badly burned by lower oil prices, could also put more onto the world market. New rules on refining tariffs could result in more product exports starting in January, said Andrew Lipow, president of Lipow Oil Associates. Russian consumers could also require less fuel if the economy continues to tank, and that could put more oil on the world market.

Citigroup energy analyst Eric Lee, however, said Russian output could go either way next year, depending on how much the financial crunch is hurting production. But he does agree more U.S. oil will make it to market and also oil from other places, like Kurdistan and potentially Iraq.

"I think there will be a sub-$50 (for WTI) in our future ... I think the low for this market will be late February/March due to the slack demand period. The refineries will be in maintenance for turnarounds," Kilduff said.

il stocks bounced, in their best day in three years, but oil industry analysts say the equities may be premature in celebrating a bottom in oil prices.
"I think it's too early to call that," said John Kilduff of Again Capital. "All the elements are in place that got us to these new lows. We've had episodes of backing and filling and working off some of those oversold conditions. I think the Russian situation was a disrupting event and oil was acting bad because of it. OPEC is on the wires every day saying they don't care how low it goes, they're not going to cut back."

West Texas Intermediate crude futures rose 54 cents to settle at $56.47 per barrel, while the S&P energy industry sector jumped 4.2 percent. Brent crude futures settled up 1.9 percent at $61.18 per barrel.

A new oil well head waits to be fracked at a Hess site near Williston, N.D.
Andrew Cullen | Reuters
A new oil well head waits to be fracked at a Hess site near Williston, N.D.
Read MoreOil extends gains after EIA data

Oil majors like Exxon and Chevron were sharply higher, as were energy ETFs, like Market Vectors Oil Services ETF OIH and the Energy Select Sector SPDR Fund XLE. Transocean, Diamond Offshore, Halliburton and dozens of other names in the sector saw gains of 3 and 4 percent.

Read MoreTrying to pick a bottom in energy stocks

Analysts say it could take a change in stance by OPEC for the oil market to see a bottom. "I don't think we can determine that at all yet. In the last four months we've seen rebounds in prices from $3 to $5 and the market is still headed lower," said Gene McGillian, analyst at Tradition Energy.

"Until we get a sign these things that were driving us down are changed, we're still going to go lower," said McGillian, who said short covering was a big factor Wednesday.

Fadel Gheit, senior energy analyst with Oppenheimer, said the market may be getting close to a bottom.

"All the oil stocks are rising because people believe oil prices have bottomed. That's a second strong day in a row. People think if it repeats three times then the thing is real," said Gheit.

One reason that analysts expect oil prices to remain low is that supply continues to increase and will into the first half of next year. Newer U.S. wells are expected to continue to produce several hundred thousand more barrels a day next year, down from the million barrels expected when prices were high.

U.S. oil production grew last week to 9.14 million barrels a day from 9.12 million the week earlier.

Even Russia, badly burned by lower oil prices, could also put more onto the world market. New rules on refining tariffs could result in more product exports starting in January, said Andrew Lipow, president of Lipow Oil Associates. Russian consumers could also require less fuel if the economy continues to tank, and that could put more oil on the world market.

Citigroup energy analyst Eric Lee, however, said Russian output could go either way next year, depending on how much the financial crunch is hurting production. But he does agree more U.S. oil will make it to market and also oil from other places, like Kurdistan and potentially Iraq.

"I think there will be a sub-$50 (for WTI) in our future ... I think the low for this market will be late February/March due to the slack demand period. The refineries will be in maintenance for turnarounds," Kilduff said.