people who bought this counter better be safe, 4th QR coming soon and based on previous reports 4th quarter often the worst performing and basically annihilated all other quarters income....oil price may rise temporarily, but the future is still bleak with more electric cars and renewable energy coming into the market

sell on news as usual malaysia market. only benefit insiders trading..why would stock suddenly rise up before news and go down after easy money

@kimsua Glove sectors PE before Covid is 30-40, healthcare average is 40. Majority analyst estimated the lowest earning post covid will dropped to RM1.6b before Supermax resume its normal growth, at RM1.6b is nowhere same as pre-covid. This is due higher margin due to OBM model, and higher production capacity, new products such as masks and global gloves demand>supply even post-covid due to new normal and standard


Based on glove and average healthcare PE at 30-40 the fair price based on Supermax lowest earning it should be RM0.6 EPS x 30

RM18.

As i said RM6.7 alrdy undervalued considering normal Supermax PE and average healthcare even before covid is PE30-40 . While future earning in 2023 estimated to drop to RM1.6b which translated to 0.6 EPS post-covid compare to this year RM4b, The fair price based 30-40 PE based on the lowest earning is still RM18..even PE 12 should be RM7.2

RM6.7 is grossly undervalued.

Analyst estimated supermax earning will be RM4b in 2021, RM2b in 2022 and drop its lowest to RM1.56b in 2023 post-covid and continue its growth onwards.

Thats RM1.56b earning stil give you RM0.6 EPS,

If we consider average Supermax historical PE at 30-50x pre-covid

RM0.6 x 30 = RM18 .

What if we being super conservative by taking 12 PE ( much2 lower than healthcare average at 40x PE)

RM0.6 x 12 - RM7.2

Compare current share price at RM6.76 still undervalue.

See how IB/analyst keep predict the earning will fall, the question is how much??

Based on historical PE of Supermax pre-covid its PE was hovering around 30-40x (healthcare average)

https://www.gurufocus.com/stock/SPMXF/data/pe-ratio

Analyst predicted the earning in 2023 ( if no more covid or other pandemic) will reach it lowest peak at RM1.6b before grow into RM1.7b in the 2024

https://simplywall.st/stocks/my/healthcare/klse-supermx/supermax-corporation-berhad-shares#future

Lets take supermax lowest earning in the future post covid. What is the fair price should be?

RM1.6b / 2.5b shares

EPS = 0.62


EPS 0.62 * most conservative below average PE 12 = RM7.44
EPS 0.62 * normal PE 20 = RM12.4
EPS 0.62 * average PE 30 = RM18.6
EPS 0.62 * average healthcare PE 40 = RM24.8

In a nutshell even considering lower future earning the price should be between RM12.4 - RM18.6 based on its historical PE.

if yall thinking supermax will go back to pre-covid then yall forgot that even before covid exist, gloves CAGR are expected to grow each year. Were not talking about stagnant business prospect loss-making company here...also supermax with new distribution model OBM which translated into higher margin , at this price still undervalued even post-covid

yes they extend they just need to keep paying interest which also their loss

Shorties have to buy back shares, if no one sell than they have to offer higher price, if the lowest price someone want to sell is at rm11 than they have to buy back at RM11 otherwise they have to pay high interest until they return the borrowed shares.

every shorted stocks are opportunity to buy since they need to buy back shares to return them

Who gonna sell a stock with 7 PE when next QR its gonna be 5 PE at current price and collect another dividends???...Only shorties , sooner or later they have to buy back the shorted stocks at higher price, Watch.

When the RSS choose company to short, they should not have chosen glove counters.

Besides having good fundamentals, the owners of the business are very personally attached with the business, and involve in the running of the business. When you short their counters, they feel it PERSONALLY. That why they launch counter attack SBB at critical times.

These glove counter have not been institutionalised yet, unlike Maybank, CIMB..the owners are themselves another institutions like PNB, ASB, LTAT..so to them maybank or cimb is just another investment amongst their many investments, don't really give a damn.

So when you screw around with the glove counters, you also screw around with the owners who are very personal.


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Agreed bro. Shorties are crazy trying to lower the owner asset valuations when they are rich in cash. They can just collect all shares at lower value.

Dont listen to bias TP by IB who make money out of your buy and selling here is valuation by investment advisory service who offer real insights based on high quality financial data like wall st. Supermax fair value is RM17

https://simplywall.st/stocks/my/healthcare/klse-supermx/supermax-corporation-berhad-shares#valuation

7 PE too low, median should PE12 which is RM10 as of now, which still undervalued if we consider forward earning EPS in next quarter.

i dunno why yall buy penny stocks when we have undervalued fundamental companies in bursa

Maxsuper profit margins wont drop to 10% which is same pre-covid since now they use OBM model with no middle man..lowest will be 20% .

the price wont drop any further below RM6, you think ppl wanna sell their holding with 6 PE ratio, definitely not. They will only collect more..given coming quarters already confirmed to reek in billion more profits which then only drop the PE further, see how this quarter margin dropped but the profit still increased. They might have lower ASP but the revenue and profit will be steady/increasing till 2023, in addition with new plants rolling out their production capacity. Remember gloves demand always more than supply even pre-covid. It will be insane to sell at this price,..better just hold and collect dividend and see either your stocks value either become more and more undervalued due to increased earning, or the price go further up to match the earning.

Human Resources minister said 90% glove companies comply with occupational safety and health laws and regulations

https://www.theedgemarkets.com/article/almost-90-employers-glove-manufacturing-comply-occupational-safety-health-laws-%E2%80%94-deputy

This morning session i said someone accumulating at RM6.5 now i said someone is accumulating RM6.7, ride while u can..

IB want short, foreign fund coming for the tickets...they have trillion assets, IBs shorting are like childplay for them.

$20 billion for a national vaccination program (need glove for healthworkers)
$30 billion for purchasing supplies and protective gear (include gloves for non-related with covid usage)
$50 billion for a scaled-up diagnostic testing program (also need gloves)

in a nutshell $100b for whole glove industry

someone keep accumulating at RM6.5 and also RM6.51 which is 11% and 6% of total shares traded today.

2021 CNY bursa rally no more penny stocks, all go into stocks with strong fundamental to help recover the country.

stay away from this kind of con counter. The Edge has already hints you.

" Bintai Kinden diversifies into property business, LESS THAN 6 MONTHS after vaccine venture "

'...Its two largest shareholders had dumped the company’s shares in December last year. Its second largest shareholder Nusankota Development Sdn Bhd sold its entire stake of 50.03 million shares or 14.4% interest on the open market on Dec 16 last year. Meanwhile, its largest shareholder Bintai Holdings (M) Sdn Bhd sold 28.5 million shares or an 8.14% stake in the group, which reduced its shareholding to 31.69 million shares or 9.05%."

now theyre going for another PP to take more money hahaha,

https://www.theedgemarkets.com/article/bintai-kinden-diversifies-property-business-less-six-months-after-vaccine-venture

not good yet, RM3-4 sounds good

Maybank say glove counters will turned into yield stocks instead of growth..if we estimate 40% spending on 1b cash earning on annual basis than it wil be 0.14 cents dividend per share..to be honest to get 4-5% yield, or lil bit more than FD the price should be around rm3-4

Juniper

i see people around me who dont bother subscribe to unifi now all subscribe already since pandemic. people now wfh, and everything basically online nowadays like video conference , meeting, live all require stable,unlimited and fast internet connection.

Seems like next QR wont be so good, most probably less than 0.3 cents eps or lower Q-O-Q.
This is based on their export shipments are much smaller than previous quarter. Price will adjust to RM4-5

https://importkey.com/i/maxter-glove-manufacturing-sdn-bhd

in US most vaccinations and handling require to wear glove, different country may have different protocol. Singapore market is irrelevant.

Remember shorties sell at a price than they need to buy back the share to return it to the stock owner ie EPF. If the price didnt fall they still need to exit their position and buy the share at high price which make the stock price jump upward further

JP morgan caught lying when almost all videos of vaccination in US show them wearing gloves. Never trust the IB like JP if they say sell it means we buy.

Vaccination

https://www.youtube.com/watch?v=KsWEvH_U_2s
https://www.youtube.com/watch?v=lNYnIc94kdM

Vaccines distribution and handling also requires gloves,

https://www.youtube.com/watch?v=TQFQwSENai8

JP morgan saying vaccination doesnt need gloves, why are they lying when almost all videos of vaccination in US show them wearing gloves. Never trust the IB like JP if they say sell it means we buy.

Vaccination

https://www.youtube.com/watch?v=KsWEvH_U_2s
https://www.youtube.com/watch?v=lNYnIc94kdM

Vaccines distribution and handling also requires gloves,

https://www.youtube.com/watch?v=TQFQwSENai8

today give u chance to buy at cheaper price, for those who missing still got tomorrow below rm9 still cheap, still tp mostly rm12

big volume this past few days. engine started. Buy on weakness

there are 2 other factors beside covid which also gonna launch glove stocks to the moon and tomorrow we will see how it goes.

1. Politics instability
2. Stronger USD against ringgit.

ibelieve rss max only 4% total??

USD keep dropping against ringgit, bad for export...also see Supermax export shipments for Oct-Dec are much lower than previous period july-Sept export

https://importkey.com/i/maxter-glove-manufacturing-sdn-bhd

and thats even before vaccines rolllout...imagine January onwards...it will be much lower and the ASP too will dropped.

Fair price based on forward earning will be much lower than expected, RM2-3 or RM4-6 pre-covid. (and thats not considering bonus share dividend yet)

that small volume keep coming in at 10.5 turn in the buy rate from 46% to 55%

anyone can explain why small volume is coming in non stop buying and selling at 10.5?

monthly chart still not good, need to reach at least RM5 which just above bank valuations of RM4..since future earning in 3 years are expected to decline 25% per year yearly post-covid so need to drop at least 60-70% from it peak during pandemic...based on weekly chart it seems like slowly going down its TP at rm 4-5

@ntygis dividend in Jan

Dec 17, 2020 10:11 PM | Report Abuse

looking at weekly chart If tomorrow bullish and closed around 7.15...most highly the weekly chart is forming morning star, if next monday gap up due to 1st day inclusion in FBM30 KLCI index and formed green maburozu then it means a new long uptrend started and another uptrend wave to rm12-RM14

this is my comment yesterday.

looking at weekly chart If tomorrow bullish and closed around 7.15...most highly the chart is forming morning star, if next monday gap up due to 1st day inclusion in FBM30 KLCI index and formed green maburozu then it means a new long uptrend started and another uptrend wave to rm12-RM14

https://www.theedgemarkets.com/article/tun-m-says-perikatan-nasional-govt-may-fall-tomorrow-third-budget-2021-reading

stock crash repeat?

https://www.theedgemarkets.com/article/tun-m-says-perikatan-nasional-govt-may-fall-tomorrow-third-budget-2021-reading

stocks crash again like early this year

Analyst forecast Supermax earning to drop 30% each year after pandemic over so one can see that its share are dropping slowly toward since RM4.5-5 as Supermax fair value based on its future earning

rm5 gogo

when will we got the share dividend?

anyone have receive share dividend??

haahahah revenue dropped 114% in latest quarter , with 2m lost...the stock rose 11%
another company reported 2b profit, 80% increased per quarter..share price dropped 2% only in Bursa.