freetospeak gives insightful view and yet being every humble, from here we can see who's the real sifu x 2

I'm not selling a single lot since April, I think sifu Henry is correct kossan will tayar pancit later becoz can't deliver result as good as Supermax, it may effect a bit to all glove counter but wouldn't be more easier for people to see the true value of Supermax? so I guess no need sell la just keep and wait... my polite view

Western people are different, although they r advance in many aspects but their arrogance bring them to Holland especially no.1 sor hai ah Trump...following by those that not advance yet never believe in science and always flocking around to pray or whatever is even worst, they some more misleading by the leader, also going to Holland... that's why I buy back Supermax in April lo...

China second wave is wrong, can say japan second wave Australia second wave xxx second wave but definitely not China, China control very well that's y I bought supermax RM1.4 in January but I sold end of February becoz I strongly believe China government can handle this situation, their people all following government instructions, they have strong execution can build hospital in 10 days, they strongly believe in SCIENCE, China managed to save more than 3,000 old folk aged above 80 years old during wuhan crisis.

JAPAN 9th July - COVID-19 Returns 354 new cases

https://www.smartkarma.com/insights/japan-results-revisions-9th-july-covid-19-returns-new-lows

japan anytime second wave

Indonesia reports 2,657 new Covid-19 cases, 58 new deaths

https://www.thestar.com.my/aseanplus/aseanplus-news/2020/07/09/indonesia-reports-2657-new-covid-19-cases-58-new-deaths

diu loh higher and higher, real figure could be double triple already, becareful guys...

covid cases rose to 12,146,073 another one million reported within 5 to 6 days... beware of Indonesia, god bless Malaysia

wow tq info from sifu OTB

this morning so many people rush to hospital ICU becoz kuku bird missing... lol

oh is legend yfhew1, tomorrow RM12 on 11.88 also nice, cheers

morning sifu freetospeak, I think sifu you forecast faster than uncle kyy... lol

history proven a real talent always hiding in the crowd just like the movie: Crouching Tiger Hidden Dragon

卧虎藏龙

good morning everyone, a mid night gift from uncle kyy:

"Based on this new information, I realised that I have under estimated my target price of Rm 18. I believe the share price for Supermax should be above Rm 20 after the announcement of the next 2 quarter results."

hand shaking... luckily see the message in morning not yesterday night otherwise how to sleep?

Indonesia reports record daily high of 1,853 Covid-19 cases
Wednesday, 08 Jul 2020 5:36 PM MYT

https://www.thestar.com.my/aseanplus/aseanplus-news/2020/07/08/indonesia-reports-record-daily-high-of-1853-covid-19-cases

everybody know Indonesia don't have adequate tests, if open flight we sure pok gai, god bless Malaysia

Trump rebukes Fauci's coronavirus assessment: 'I think we are in a good place'

https://www.google.com/amp/s/amp.cnn.com/cnn/2020/07/06/politics/fauci-coronavirus-us-response/index.html

we r in a good place...kekekeke...again sor hai Trump will make all glove company rich ! Up ASP up up up sell USD 1000 per box to US pls

(14.99 - 5.83) x currency 5.37 = RM49.2 pure profit per box... fark so terrible

Koon Yew Yin 8 July 2020

My nephew from Manchester UK just sent me these 2 photos which show that the old price before the Covid19 pandemic was 5.83 pounds for a box of 100 nitrile gloves and the current price is 14.99 pounds for a box of 100 nitrile gloves, an increase of 260%. 

Due to Covid 19 pandemic, the demand for glove far exceeds supply. As a result, the glove price has been shooting higher and higher and all the glove

manufacturers are making unprecedented profit which is being reflected on their share prices. 

Investors should know that all the price increase will be accounted as pure profit because the company does not require additional production cost. 

Glove makers which have their own sale outlets would be able to increase their selling prices more easily. I know Supermax has its own sale outlets in USA, UK and many other countries.

BREAKING NEWS: Brazilian President Jair Bolsonaro tests positive for coronavirus

https://www.google.com/amp/s/amp.cnn.com/cnn/2020/07/07/americas/brazil-bolsonaro-positive-coronavirus-intl/index.html

ah Trump die hard brother kena positive !!

wow freetospeak sifu so handsome can write song lyrics...so romantic sure many girls admire

let the result slap 97 those sor hai who keep cursing Supermax

White House claims US is ‘a leader’ in coronavirus fight despite rise in cases in many states – as it happened

https://www.google.com/amp/s/amp.theguardian.com/us-news/live/2020/jul/06/coronavirus-frederick-douglass-statue-donald-trump-live-updates

kekeke... sor hai Trump want to make all glove company rich, no mercy la quickly up ASP up up up ! hiong hiong sell USD 500 per box !

up down up down is normal la diu, just like u in love with somebody during paktor period sure got quarrel, sometime emotion a bit down is normal, this is not the excuse to let go Supermax later everything will back to normal

Dual-stream incomes from manufacturing and distribution. Supermax is expected to gain from higher margins from both its gloves manufacturing and distribution divisions. We expect higher margins going forward due to product mix skewed higher towards OBM distribution to account for 95% of total sales compared to 70% pre Covid-19 which we believe had caught us as well as the market by surprise at a time when supply is tight due to aggressive stockpiling of critical medical supplies including gloves. With a diverse customer base, we expect SUPERMX to have better pricing power, potentially getting higher than industry average selling prices.

Our analysis suggests shortage in supply. We have done an analysis to dispel any concerns of gloves oversupply. Our analysis (see table overleaf) suggests that acute supply and supernormal demand could persist till end 2021. Interestingly, players are also getting orders from new group of users including airlines, restaurants, retail apparel chains and hotel operators. If we look at the capacity expansion numbers in isolation, it looks overwhelming. But viewed against the incremental new pandemic-driven demand in addition to the annual base level demand growth, the additional capacity is not a concern. In fact, the estimated new yearly capacity may not actually start as scheduled and hence the supply shortage will continue to be acute in 2021. Typically, to cater for normal demand, glove makers essentially need to build just one plant per year. However, from channel checks, to cater for this current pandemic-driven demand, two to three plants are required for each glove maker (on average) annually in order to meet the supernormal demand, which takes between 12 to 24 months to complete.

China and low user per capita countries are potential high growth markets. We expect gloves consumption per capita in China to surge sharply following the COVID-19 experience. For illustration purposes, assuming a population of 1.4b and conservative 30 gloves per capita (from currently 9 compared to developed western countries which averaged 200 pieces per capita), this implies a massive 42b piece (from currently 2.8bn pieces) of rubber gloves consumption in China annually. Hence, any new supply from the Chinese players could be absorbed domestically.

Raised FY20E/FY21E net profit by 7%/33% after raising EBITDA margin assumption from 21%/28% to 22%/36% in FY20E/FY21E. Raise our plant utilisation assumption for FY21 from 95% to 100%.

Undemanding FY21E PER valuation of 19x. TP is raised from RM10.90 to RM14.00 based on 25x CY21 revised EPS of 55.9 sen (previously 26x) (at slightly less 2.0SD above the 5-year historical forward mean). We lowered our PER rating as we believe valuations are pegged to supernormal earnings; hence, upside to peak earnings should have been factored in. We like Supermax because: (i) the stock is trading at an undemanding 19x FY21E EPS compared to expected explosive earnings growth of >100%, and (ii) of its OBM model, where it can extract higher margin from distributor prices, compared to the OEM model at lower factory prices. Reiterate Outperform. Key risk to our call is lower-than-expected ASP

Source: Kenanga Research - 7 Jul 2020

Ong ah !!

Huat ah !! Long ah !! Hosei ah !! those that don't like Supermax please fark off

Kenanga new TP RM14 !!

Taking cue from the other glove players’ quarterly earnings announcements over the past month, we are raising our assumptions for SUPERMX. Our analysis further suggests that ASP is expected to stay elevated over the next few quarters. We highlight that SUPERMXs OBM distribution model could yield higher margins. Hence, we raised our FY20E/FY21E net profit by 7%/33%, to account for higher margins. TP is raised from RM10.90 to RM14.00 based on 25x CY21E EPS. Reiterate OP.

AirAsia (5099) January to March 2020 profit loss -RM803,845,000 .... dllm if u don't like Supermax go buy AirAsia la next quarter profit sure up don't kacau kacau here

UOB new tp RM17.60...hand shaking... huat ah !!

kossan buy land Lot 6074 so near to Supermax existing plant... Supermax last month bought Lot 6060 also located at the same area...they really rival just like Man Utd vs Liverpool...lol

acquisition of the freehold industrial property measuring approximately 4.0494 hectares located at Lot 6074, Jalan Haji Abdul Manan, Meru, 42200 Kapar, Selangor Darul Ehsan (“Property”) for a total cash consideration of RM 40,000,000.00.

wow thanks for sharing sifu freetospeak

kossan siao liao...closed 10.90 obviously lim family beh song ranking 4th place....

aiyo diu lo... kossan 10.14 d...

kossan angry bird already keep chasing behind, faster qr out let it tayar pancit

re: Morning legend yfhew1 good day to you, Bill Gates says COVID-19 'will be back in big numbers' in Oct-Nov when US temperatures turn lower, he asked Stanley to build more factory he scared later glove shortage in US no Aurelia glove can buy

re: skyhin becoz 2021 CNY and Raya probably some investor withdraw a bit for new year house renovation that's y share price stagnant a bit, after that continue up all the way to 2023 that's y Bill Gates hand shaking he knows Stanley will overtake him very soon

https://www.google.com/amp/s/www.businessinsider.com/bill-gates-covid-will-be-back-big-numbers-october-november-2020-6%3famp

Bill Gates very frustration becoz he don't have CDS account in Malaysian cannot buy Supermax share, he said by 2021 Christmas Stanley will overtake him become world No.1 rich and all the supermax shareholder in I3 forum will become millionaire and billionaire

Bill Gates says COVID-19 'will be back in big numbers' in October-November when US temperatures turn lower

https://www.google.com/amp/s/www.businessinsider.com/bill-gates-covid-will-be-back-big-numbers-october-november-2020-6%3famp

don't worry Bill Gates called me already, he said Supermax will everyday green up all the way till Chinese new year 2021 or Hari Raya 2021

Dr. Anthony Fauci says it's 'frustrating' Americans are ignoring science amid coronavirus pandemic

https://www.google.com/amp/s/www.cnbc.com/amp/2020/06/19/dr-fauci-frustrated-americans-are-ignoring-science-amid-coronavirus.html

ah Trump never respect science la, pandai print money only

Trump claims 99% of US Covid-19 cases are ‘totally harmless’ as infections surge

https://www.google.com/amp/s/amp.theguardian.com/world/2020/jul/05/trump-claims-99-of-us-covid-19-cases-are-totally-harmless-as-infections-surge

walao ah Trump 14th times argued in front of media that covid will automatically disappear, now even say 99% cases totally harmless...no need mercy la diu Supermax up ASP up up up!

exceed 11,000,000 cases jor virus spreading fast ....last week 9mil to 10mil took about 6 days, this week from 10mil to 11mil only 5 days...

Japan anytime second wave, infection case rose to three digit from 107 to 124 to latest 239...if 239 in Malaysia already second mco...

thanks to legend glove maker yfhew1, initially I tot u talk for joke only now I started to believe it maybe can hit RM18, thanks for sharing your calculation tq.

Alabama college students are throwing 'COVID parties' where they invite infected people and gamble on who gets sick first, officials say

https://www.google.com/amp/s/www.insider.com/alabama-students-covid-parties-bet-on-who-gets-sick-2020-7%3famp

this is so called world number one country...no need mercy la diu up ASP up up up

30 years making glove, also making love... kekekeke lol

aiyo why ah? so hiong...I just said today no show water silent river fly...then Supermax terus fly already...

re: freetospeak sifu hahaha I guess accountant all head dizzy and eye very dry now...Stanley should free AVEO contact lens to them every person one day one set until result out...lol

today no show la water silent river fly, but we must appreciate becoz accountant very busy very painful doing calculation... some of them complaint eye very dry already, Woi !! PAT so high so many zero behind 000000000 how to calculate? Supermax should free AVEO contact lens to all the accountant loh...

Live updates: U.S. sets record for new coronavirus cases, surpassing 53,000

https://www.google.com/amp/s/www.washingtonpost.com/nation/2020/07/02/coronavirus-live-updates-us/%3foutputType=amp

ah Trump song liao

In record daily jump, Indonesia reports 1,624 new COVID-19 cases

https://www.channelnewsasia.com/news/asia/covid-19-indonesia-reports-record-daily-jump-12894378

god bless Malaysia...

re: legend yfhew1 boss you 30 years glove experience I sure trust you loh, you say RM18 I dumb dumb hold liao, lock Supermax share in safety box sin...

Aurelia 1 piece earn 5 piece is just like 1 soldier beat 5 soldiers...wow excellent, history of "The Battle of Guandu" is going to happen again...go Supermax go go go