suddenly so kuat jalan.... looks like aiming for 4 already...

one thing to note is, as superman approaches 4, not many forumers commenting, looks like not many retailers.... when come July, pple start to realise, hey, superman already 4... few months back was still at 2++... they missed the golden egg again...

previously when they have bonus in 2010, was about RM7... so look forward to it also...

re: pang, for 6 to 8, their EPS need at least 6 cents and above... which means 40+mil net profit.... maybe need to take some time...

pang, June reach 4+ i happy first... whether 6 or 8 is just a second phase thing..

of course, one of the good thing is to give bonus, but then think again, like Nestle, without giving bonus and still can keep going up is not a bad thing too... important is must show good earning results... and earnings growth...

the last split was in 2012, price before split was about 4.40... this is also the gap from current price, high before split was 4.80... so maybe touch a high of 4.80 and settles back at 4.40 to close the gap for first half this year? end june....

re: newbie... funds have been collecting since Oct 2017... maybe average price 1.90?... the new plant was fully operational last november... so the extra sales come from the new plant... the faster rally was after new gomen promised no interference to local business going forward...

end june, too fast... end of year looking forward to 10 haha....

4.20 or 4.80 by end June?

after 3.30pm, start to surge again... strange, this time all other gloves didn't follow, only superman kuat...

it needs some news to have fresh buying momentum...

pang, not yet ler... still struggle at the resistance... now pullback already... need news and volume to push it through else will consolidate again before attempt to push again

finally meet significant resistance at all time high... really need good news to generate volume to push pass this resistance... or rerating...

all glove stocks on fire... led by Topglove... even kossan now is > 8...

fuyoh, transact at 3.50 closing... :) Topglove close 10.90 same as previous highest 10.90....

topglove all time high, the rest will follow on Monday onwards... + next week Fed will increase interest rate, so may push up USD...

F&B very price sensitive... i have many friends and relatives, they always go to cheapest one... if you look at Harta's growth in China, they target medical, high end... else they can't get high ASP... for supermax, since it's in retail, it has a broad portfolio, meaning vinyl for food, the black nitrile for automotive and tattoo and arts, the nitrile and latex ones for dental...

re: HighFiveBread, the vinyl glove is still cheap...

you look at the prices in UK...
http://www.safetygloves.co.uk/aurelia-gloves.html
Supermax sources vinyl gloves from China, it's priced at significantly lower price than latex and nitrile... vinyl 2pound+ and latex 3pound+...
but for china, think the rubber gloves target market is in medical, higher end type, not really food preparation...

re: Cannot and wrong to assume that price of China vinyl glove will remain the same as before

I heard its monday...

this one will jalan kuat on Monday onwards, after court ruling...

topglove new high already, all others will follow soon...

with the daily volume so strong... it's just matter of time...

lets see end June, close at what level first...

i one thing for sure is, after break all time high, this stock will get much attention and new sets of shareholders holding for its future growth potential...

re: Kentrade, then it's a good news... looks like RM8 to RM10 possible... are you from Kenanga?

maybe now without the threat from LHDN, they can report a proper after tax earnings... and possibly water disruption to be stopped?

re: Kentrade, yes it's true, if superman can get his act together... but he still need to show earnings growth... meaning 8cents eps and above will launch it towards RM8 share price...

correct, but why comment beyond (kossan, harta)...

re: Actually what do you mean with this statement? Do you mean this year target more than RM8?

kentrade888 This year the share price may be beyond (KOSSAN, HARTA)

yes, so long already no bonus.... but topglove waited till > 10cents eps quarterly earnings (before ex in 2016) only give bonus (then they sleep until Oct 2017 to break new high)... not sure if superman will wait for 10 cents eps first or not... if yes, then they may need until 2019...

my calculation is 4 to 4.20 end July based on MACD length symmetry :)... non conventional but good enuff to approximate

ok, now I know, Kenanga always give 12X EPS... so yes, there's room for rerating... so far has CIMB written anything?

Charles, what do you see in Notion? Tot their business was very interesting during last time like precision metal etc... then fire, then venture into failed Silver mining business... what happens now? Anything new to look forward to?

Kenanga to rerate supermx? all the while they only give target price 2.20...

from Kenanga
SUPERMX (Not Rated)

Yesterday, SUPERMX gained 12.0 sen (3.73%) to close higher at RM3.34, firmly above key moving averages.
This brought the share to break out of its short consolidation for the past few days, possibly reiterating a continuation of its underlying uptrend.
From here, its immediate resistance at around RM3.40 (R1) first needs to be taken out decisively before the technical picture can turn affirmatively bullish. A further resistance can be found higher up at 3.54 (R2).
Meanwhile, downside supports can be seen at RM 3.29 (S1) and 3.21 (S2) further down.

Source: Kenanga Research - 5 Jun 2018

today topglove and supermax to break new high?

close 3.40 today?

roger...

Charles, one question i have with regards to HengYuan... if I intend to build a long term portfolio with HY, is it good time now? want to diversify from gloves counters for long term...

and also pay more dividend...

welcome charles, your comments and reasoning are very good to read... :)

but then again, if they show surprises... eg... 40m and above... then 2nd half is definitely another show... after some rest...

that's why i said 4.20... already calculated...

this round maybe 4.20 target price... 2 months end july...

all gloves on power... maybe bcoz there's a glove company to represent in FBMKLCI...

looking good... should test 3.30 soon....

U have affin report link?

once the index rebounds, superman will follow and retest 3.30...

looks like a t+4 today... with rising volume.... so it has done a t+7 and t+4...

i do not have concrete data on its dividend, but based on its trend, i think it wants to give 3 times per calendar year... means March, June and maybe December... if they can make it Oct would be best... so if 3 times of 3 cents, that will be 9cents, at current price 9cents over 3.24... about 2.8% dividend per year... if 4 times of 3cents, will be 12cents will be 3.75%, not bad for a growth company