lot of bilis q buy, not thinking that more bilis is buying, the more bilis seller they gonna have blocking the price from going up..the cycle repeats itself...while shark take this opportunity to run away

today fly, mark my word

walao 18 cents company loss every year every quarter is worth 400m..crazy KLCasIno

I bet even ppl in bursa bought this counter..easy meh

imagine a company with negative profits, 0.18 nta market cap worth more than a profit making company with RM1.34 nta. Bursa is casino

https://klse.i3investor.com/servlets/stk/fin/7130.jsp

even a company as big as Tenaga can be use to scammed investors...and the fact they only deny at late night few days later after the news..this is how bursa works.

Remember stocks are reflection of forward profits, real investors target price for fy21 already realized when it reached the highest peak at rm23 and now is just distribution phase to all retailers..anyone who can see the graph can see it will never reach a new high anymore..so trade with cautions.

dont catch falling knives, ib , big investors already enter at rm2 before price shoot up to rm20, even if they sell at rm6-7 still making profits..with vaccine everything will be back to normal

i personally think share split is good for kpower, because the volume are too small hard for big guys to come in

supermax is donating 4% from its pocket. its like donating RM87 from 2100 cash it has in its pocket, might be small value for supermax...but big for charity. What they get in returns?

1. CSR = tax rebate
2. More investors wiling to invest to help contribute to the society.

plus giving donation is CSR = which means tax rebate

100m each, supermax has 2.1b cash..easy liao, good thing not windfall tax..this is basically like donating rm84 from RM2100 money you have for the country to help people. Good cause

RM3bil allocated for vaccine, more gloves needed to handle vaccines. and there is no guarantee vaccine will succeed. There are cases where people died after being injected with vaccines and lot of vaccines trials are being put on halt.

https://www.scmp.com/week-asia/health-environment/article/3107230/flu-vaccine-deaths-south-korea-scrambles-control-panic
https://www.thestar.com.my/news/world/2020/10/22/astrazeneca-covid-19-vaccine-trial-volunteer-has-died-brazil-health-authority-says

5b COVID allocation healthcare and gloves will benefit the most? Khairuddin also hint to support and maintain Malaysia as glove global leader

ppl thinking they can buy supermax at cheap price when this is already cheap see where got other glove counter with 20 PE only supermax..

10k kwsp , more retailers will flock to buy supermax

@Agjl what do you mean 1.2b net cash its already 2b now

BNM maintains OPR at 1.75%

https://www.theedgemarkets.com/article/bnm-maintains-opr-175

there is no reason to drop further unless the windfall tax alrdy confirmed thats why big volume keeps running

where got green???..it open higher than 9.50 and close lower at just rm9.47

struggling to pass 9.45, even 15k supports keep being eaten and now 9.5 12k block..

too obvious someone is distributing, fake big volume q to push the price up, and then throw million worth of shares..happening many times today.

@Lasthope they support the price because they want to throw ma..see the price support but big volume worth 1-2m keep being thrown

someone keep throwing RM1m-2m worth of shares.

distribution by big guys done, free fall.

seems like distribution pattern based on b and q

the price wont go any higher today due to warrants..

who sold 2m just now wew..big volumes keep running away, windfall tax confirmed

ill wait at rm8 tomorrow

We never know, but at current price already cheap with only pe 20 compare to other glove stocks with 40-60 PE valuation if fall down only trigger more buy signal and it will still go higher.

@Seeyounoup the price since last few days already dropped to match earning below RM1b...thats why it become pe 20, when other glove counters are still pe 40 and above.. the price will fly to rm 13-14 to match average PE glove of 30~40

tomorrow all glove investors will run from harta and top glove, and come to supermax..with their higher ASP and OBM model..supermax is the future glove leader

@papasmurf harta still got 1 month to go..supermax got 2 warrants expiring this friday

@papasmurf cuz of warrants expiring, IB need to hedge their position..if increase too high they will lose money to pay all the warrant holders

supermax net asset per share is higher than harta, higher 4q coming eps rm0.4 compare to harta rm0.3 and supermax with cash pile that they can purchased land for new factory while still have 600+ hundred million cash left..only priced at rm9.7 while harta is rm18

@youngfish is it going to drop or opportunity to add on retracement?

retracement of coz. last quarter supermax was 400m pat alrdy valued at rm12 , while harta is just rm200 pat, now harta is rm500m what do you think supermax pat will be?? Its gonna be around RM700m~800m pat and valued at least rm14

take conservative forecast 800m PAT = 0.3 eps

trailing 4 quarters eps will be 0.485

0.485 x 30 PE > RM14
0.485 x 40 PE > RM19
0.485 x 50 PE > RM 24

After seeing harta result, now we can easily predict Supermax QR result

March-June 2020

Harta - RM 221m PAT
Supermax - RM 408m PAT

July-Sept 2020

Harta - RM 549,698 (more than double )
Supermax with OBM (higher margin) - RM 800m~900m ??

the only one pushing down is IB. Buy

Post removed.Why?

Why are EPF running?

yep for FY20 and FY21, Chemtrex was guaranteed RM5m profit (EBITDA) compared to their

Fy17 1.7m
FY18 2.7m
FY19 3.6m

Some keypoints

- Buy 51% ownership in Chemtrax for RM10 million through internal borrowing ( kpower currently has 89m cash and debt well covered by operating cashflow by 534% and long term lialibities only RM1.6m)
- Guaranteed contribution to Kpower earning will be RM2,550,000 for FYE 2020 and FYE 2021, which is 51% of the EBITDA Guarantee (based on 51% equity interest of Chemtrax to be acquired by KPower).
- Chemtrax principally involved in the provision of chemical and gas transportation and forwarding services
- Chemtrax is heavily involved in the transportation of amongst others, synthetic latex and nitrile butadine rubber which are key materials for latex gloves, the Company expects that Chemtrax would be able to benefit from the current surge of demand of latex gloves across the world arising from the COVID-19 pandemic.
- Malaysia is projected to produce 220 billion gloves which translates to 67% of global market share, Chemtrax by leveraging on its experience and expertise in transporting key materials for the manufacturing of latex glove, envisaged that its size of transportation fleet will increase by approximately 15 units in order to meet the increase in demand of raw materials by glove manufacturers, with incoming of new glove players such as Mah Sing,

The Proposed Acquisition is expected to contribute positively to the consolidated earnings and EPS of KPower in the future through its share of the consolidated net profits from Chemtrax.

im eating mister potato now while watching that 13k block support being eaten like chips in less than 1 min..

i dunno why u guys selling, see long chart la still in uptrend move, all want take smol profit when this company real value based on growth income is rm10..

https://simplywall.st/stocks/my/consumer-durables/klse-kpower/kumpulan-powernet-berhad-shares#valuation

Keep seeing bilis queuing big wall at certain price range, shark has to ate lot big blocks just to rise to rm 10++, no power to rise higher anymore, now mahsing has come enter into glove play and already piling up their factory (easy for them since they already experience in plastic moulding manufacturing and property development ) and ready to pour another 2b gloves in the market..all the sophisticated investors cabut already.

good news from US expo sept last year?

when will be the share split exercise?

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

For me see the shipments up until Sept although still high compared to pre-covid are nowhere as high between may-June it was around 20% lower, also RM has become stronger against USD since the past few months, which means export will have lower sales due to forex exchange..the only thing better is 30% ASP price hike.

@ATARAH which analyst estimated 800m pat?