@ tw01

There's many counters to invest in.
If not for MYEG boss to invest in, I don't think this stock worth to look at.

It's speculative, and hoping MYEG boss will do bring more value to the company.

To be honest, I would not bet my life savings on this counter.

Next QR report coming out next month should be able to push it beyond RM1.

@ kk7198

No of glove produced rather than market cap will be basis of valuation.

Based on the amount RM700++ mil, it seems that Topglove may have overpaid by that amount in valuing Aspion.

This litigation may take years.

Expect the share price to correct over next few weeks towards RM10 and maybe lower depending on the severity of the distorted and inflated figure by Adventa Capital.

Hopefully, while Topglove have to deal with the fraud purchase of Aspion(adventa capital), Supermax can take back the pole position as largest glove manufacturer in the world by gaining market share.

When SUpermax had to struggle with APLI issue, Supermax growth was stagnated, which allow Hartalega and Topglove to claim bigger market share. With the political issue out of the way, Supermax can now focus to build more production line and diversify part of it into nitrile glove.

@ wiki123

Trade war comes with 2 sides or more.

US had already put tariff on our products (eg: solar panels, washing machines,etc) @ 30%.

UK had will barred any imports of Msia palm oil in the next few years(not tariff by United states, may be a form intimidation)

In the next few months, united states could imposed tariff on gloves and semiconductor.
No one knows for sure except Donald Duck.

@ tw01

This counter tracks MYEG. Look at both charts.
It has the same substantial shareholder as well.

@ Ron90

Sapura Energy is not even in FBM KLCI components.
Nothing to do with index-linked.

@ tonyfuk

I think it's the other way around.

@ rr88

The company had secured RM4.5 bil of contract this year.
With the crude oil now hovering above USD70 per barrel, it should be positive.
Don't think there's anything bearish and your TA signal is not accurate.

Daily volume had dropped substantially.
Looks like rally is over.

@ OG_Investor1

WHy big drop?

The entire construction industry is so quiet. Not much news of any job allocation since GE14.

@ chanjinone

Ex-date= 5/6/2018.

Answer is NO

@ Gorenger

Your cue is here already.

Let's see if it even can pass through RM4 first.

Next Thursday have court hearing regarding the legal dispute with TheStar.

The quantum of share buyback is not sufficient to push the share price.
I think the sbb should be done in the range of 1-2mil instead if the company genuinely intent to prop up the share price.

Maybe that's one of the reasons ,why Mokzhani cashed out and left.

@ trulyinvest

If you truly invest instead of trading the stock, you should hold it for the next 30 years.

Is the ex-MD Stanley Thai confirm sentenced to 5-years jail?

Wow, haven't seen the share price this low since last year.

@ stockholm999

Go see a doctor.

About 10-12 years ago, SUpermax and Topglove was figting neck to neck for No. 1 position as world largest glove company.
The insider trading issue with APLI and Jib Gor caused losses of Supermax's market share to Topglove. Then Hartalega came into the picture with nitrile glove to steal some market share from Topglove.

Now Supermax had recovered, and growing. Whether it can take some market share back from Topglove and Hartalega, I doubt so.

Any comments?

@ wkkht

The company has proposed dividend.
Not a rumour.

@ Value Investor Coo1eo

When the DRP was announced, the average price was around RM10.70.

You can opt not to subscribe to the DRP and take cash instead then using the cash to re-invest back by buying at market price of RM9.00

This will be better investment strategy.

@ stockholm999

Why the need to sell?
Not looking for a 10-bagger?

No share buy back for this counter?

Hopefully, next quarter result will justify it's valuation and bring in replenishment of order book for future earnings.

@ options

The question whether how much the EXACT yearly contribution(revenue/profits) from the power plant once completed is everyone's guess.

I'm very sure the CEO/CFO WOULD NOT be able to answer that.

To be honest, only GOD knows the future.

However,the management team could only provide ESTIMATES at best.

To be transparent, I believe the management SHOULD declare in BURSA on the Power Purchase Agreement (PPA), BOT contract, Government Guarantee Undertaking (GGU), Land Lease Agreement (LLA), EPC contract, Coal Supply Agreement (CSA), tender programs and consortium agreements.

Foreign funds are disposing in favour of supporting their home country as MYR had depreciated over the years.
More over, the funds normally based on country debt rating to invest and they are expecting a re-rating in view of the change in government and political issues here in Malaysia.
The fundamental of Maybank's financial had not changed regardless of any government as financial institution are the liquidity provider to the country's engine.

Just a sharing with those who feel negatively about maybank over the last few weeks.
Know your facts and not rumours.

@ faizkl

Maybank is doing just fine.
Please do not spread any rumours.

Even during the worst crisis in 1997/1998, Maybank still survive.
Besides, PNB, Khazanah, EPF, Amanah Raya, KWAP,etc are all shareholders representing 60% of the company.

Read the QR and AR before commenting.

@ moneykj
@ Raul

In my opinion, it went up from RM0.36 to RM0.80 because PH won.
Just a surge, nothing more.
No news or catalyst to push it beyond that.
Only noticed the company recent quarter result is good.

@ wiki123

The counter up 15% in 1 month. For large cap, it's much slower and it will consolidate lower and look for support.

It's a good company.
But currently, the orderbook stands at RM38 mil only as per the prospectus (correct me if I'm wrong)

Was wondering if the company has plan to replenish it.

The QR should be out by this Friday.
There's no fixed date.

@ opustang
@ apolloang

How do you know the boss is selling?
There's no record in Bursa yet.

Yup, slowly dying. Going to zero.

Wow, EPF ceased to be substantial shareholder.

KWAP would soon join the club, looking at the rate it is disposing the shares.

Good opportunity to buy at lower price.

This counter still have show?


I recalled back in 2014 when Ewein was talking about collaboration with Zenith for the undersea tunnel project and building some high end condos there.
It's still rumours at that time but the share already surge more than 100% to rm1.

@ JayC

Your calculation for North Sabah of 5,500 bpd is for annual production or quarter?



-------------------------------------------------------------------------------------------

Posted by JayC > Jun 21, 2018 06:56 PM | Report Abuse

check out ALLIANCE DBS latest report :-

http://www.bursamalaysia.com/market/listed-companies/list-of-companies...

according to them, the CORE NET PROFIT IS RM19.3m
means, this quarter contribution from anasuria will be USD 75/USD 65 = 1.15 x 19.3m = 22 million!!!

and since North sabah production is 5500 bpd. Simple calculation :- 5500 bpd / 3000 bpd (anasuria) = 1.833 x 22 = 40.3m

22m (anasuria) + 40.3m (north sabah) = 62.3m NP (this is my minimum estimation because north sabah crude is USD 5 higher than brent price. Also, i did not take into account North Sabah OPEX is so low, USD 15 only)

@ GRACE1966

In my opinion, I believe Mudajaya case is quite unique as the PPA was re-negotiated when the government changed hands in the last election. Worst, the rates was re-negotiated lower if I recalled correctly.

The company took a substantial amount of borrowings between 2015 which cause cashflow issues and the power plant took in some additional unforeseen opex and had difficulty in their collection/;receivables.
Besides that, the company is having too many segments to cope. They have property, construction, power, trading,etc. Not every company is like Hapseng.

Can't say much about J@K$ as it's still in an early stage of construction and I had mentioned much earlier, there's many external factors in doing biz in foreign country. You may read my earlier post.
on it.

Take a case study of YTL Power Wessex Water biz in UK.

The quantum of share buy back is disappointing.
I was hoping like 500k daily.

@ Mary Tan Ling

Ask yourself whether you need the money.
Else keeping it long term should give you better yield than FD in the bank.
This counter is for steady dividend yield and does not offer much capital gain.
Else you should look at other counters that offers growth.

This is just estimates provided when the crude oil trades above USD65 per barrel or when this number was computed. Let's see the numbers and comment again.

@ apolloang

When did the share drop to ard Rm1.20?

Wow, seems the drop is worst than I expected.
Freefall back to below RM1.20?

In my opinion, over the next few years, the trend of changing smart phones every 1-2 years will move to 2-3 years and 3-4years eventually. Most customer today will hold on longer as smart phone prices have appreciated over 45% in the last 3 phone generations.

Thus, this will effects the volume of smart phones shipped starting 2018 onwards and impact on semiconductor companies including inari.
SO, do not expect the explosive growth cagr 30-35%pa that you see in Inari in the last 10 years as many already have a smart phone today.

By tonight will know the supply estimates that OPEC will pour into the market.
Hopefully, it's less than 1 million barrel per day, else the crude oil will experience some weaknesses toward USD60.