caught at 0.55... how...

INSIDERASIA STOCK OF THE DAY, LATEST NEWS, CORPORATE

FROM THE EDGE

Insider Asia’s Stock Of The Day: Supermax

By Asia Analytica / The Edge Financial Daily | December 15, 2015 : 10:39 AM MYT

This article first appeared in The Edge Financial Daily, on December 15, 2015.


Supermax Corporation Bhd ( Valuation: 1.40, Fundamental: 1.00)

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WE continue to favour Supermax (Fundamental: 1.0/3, Valuation: 1.4/3) for its comparatively undemanding valuations and strong growth potential. Its peers Hartalega, TopGlove and Kossan are trading at trailing 12-month P/E of 25.2-40.8 times and 4.3-6.5 times book. In comparison, Supermax is trading at 30-50% discount with trailing P/E of only 17.2 times and 1.8 times book.

The stock has been a laggard for the past one year (+47.5% year-to-date) compared to the other Big Four glovemakers (+62.2-146.9%). This was partly due to repeated delays in commissioning its new plants, which affected its financial performance. However, we believe Supermax has largely overcome the issue, judging from its latest quarter results.

For the quarter ended September 2015 (change in FYE to June from December, starting FYJune2016), revenue grew 11.3% y-y to RM309.9 million, thanks to higher output from the new production lines and efficiency gains. Net profit surged 38.3% to RM38.5 million, boosted by increased sales of higher-margin nitrile glove and the stronger USD.

Going forward, we expect Supermax to continue its strong double-digit growth momentum, underpinned by the two new plants in Meru, Klang, which has started production in batches since early 2015. The plants will have a total of 40 production lines with installed capacity of 600 million pieces of nitrile gloves per month.

When fully commissioned at end-2015, total production capacity will increase by 40% to 25 billion gloves per year. Higher-value nitrile gloves will then account for 53% of its total installed capacity.

Supermax was recently awarded one of the licenses to supply medical gloves to the UK’s National Health Service (NHS) for the next four years. The NHS, which covers all hospitals in the UK, consumes approximately GBP50 million (about RM327.6 million) of medical gloves per year. Assuming a conservative 25% market share, this contract alone would contribute an additional 8% to its topline, starting FY2017.

today volume is considerate low, and selling are on market sentiment based.
play counter strike always say : "stick together team!"

Next report on February 2016. be patient..

should be around 0.71 at this point of time (after tax)

nothing happen.. thats why..

buying @ 2.800 beats the seller.. be patient.. still early

correction after so many days of rising is expected. Correction with low volume meaning people are keeping the stocks. Good ma

i am happy with low volume, drop a few cents

another new T1 today.

any sifu read the revised SPA ?
Guess most retail investor is still go EGM vote NO right ?

Lets hope the price can sustain for coming 3 working days.
Then 2.800 will become a new support level.

I bench marked it with Top Glove. TG grew from 8.20 to 11.00 in 2 months. (+34%).
So im expecting Supermax at 3.350. ( from 2.500 ) in 2 months. if not hitting that price im also selling.

anyone sold the mother share ?

today T+3. If well absorbed and continue to up, is firm.

suddenly a million dollar seller is queuing..

(Reference is made to the Company's announcements dated 24 March 2015, 27 March 2015, 30 March 2015, 23 April 2015, 14 May 2015, 24 June 2015, 16 July 2015, 31 July 2015, 8 October 2015, 22 October 2015, 9 November 2015, 18 November 2015, 27 November 2015 and 1 December 2015 ("Announcements"). Unless otherwise stated, all abbreviations and definitions used herein shall have the same meanings as those used in the Announcements.)

We refer to the news article titled "CLIQ may not need a cash call" published by The Edge Malaysia for the week of 7 December 2015 to 13 December 2015.

The Board of Directors of CLIQ Energy Berhad ("CLIQ" or "Company") ("Board") wishes to clarify that the Announcements made to Bursa Malaysia to-date still remains.

The Company is in the midst of compiling and finalising information in connection with an updated application to be submitted to the Securities Commission in light of among others, the Proposed Rights Issue with Warrants and Proposed Increase in Authorised Share Capital.

Should there be any material development to the proposal as announced by the Company in the various Announcements, the Company will make the necessary announcement to Bursa Malaysia.

super block @ 2.600

my cost 2.360.. guess will keeping for mid term, another 3 months.

good luck everyone. Oil price drop, weak ringgit seems like will persist to end the 4thQ2015.

Friday last minute lots of buying to sapu 2.50 and 2.51.Thats a lot of confidence there

@cadmus_C , i believe we need to less 25%++ on the interest earn for corporate tax.
That leave the interest nett about 3.1 cents.
3.1 / 44.0 = 7.04% return until maturity.

change of way to die maybe. Ending still the same = die

today will cut it first. damn.

The dying director want to take more money from the shareholder.
God damn it.

What next ?

(Reference is made to the Company's announcements dated 24 March 2015, 27 March 2015, 30 March 2015, 23 April 2015, 14 May 2015, 24 June 2015, 16 July 2015, 31 July 2015, 8 October 2015, 22 October 2015, 9 November 2015, 18 November 2015 and 27 November 2015 ("Announcements"). Unless otherwise stated, all abbreviations and definitions used herein shall have the same meanings as those used in the Announcements.)

On behalf of the Board, Maybank IB wishes to announce that the Company and the Vendor had on 30 November 2015 entered into a supplemental letter agreement to amend and vary the SPA.

On behalf of the Board, Maybank IB also wishes to announce that the Company is proposing to revise the Proposed Increase in Authorised Share Capital such that the authorised share capital of CLIQ is now proposed to be increased from RM25,000,000 comprising 2,480,000,000 CLIQ Shares and 20,000,000 RCPS to RM50,000,000 comprising 4,980,000,000 CLIQ Shares and 20,000,000 RCPS instead of RM40,000,000 comprising 3,980,000,000 CLIQ Shares and 20,000,000 RCPS.

opening seller queue is overwhelming.. hang on guys..

Thanks for the valuable comment. Hope we all make money together

Caught today @ 55c. Tomorrow should I cut loss ?...

PE now low as 13.3x... Yet people sell on news. What is missing? No bonus issue ?

that's all ?.... the show is no show ... damn it.. Go EGM vote against it, get back 0.4600

stuck at 2.300,...

cannot just forget about it. To get refund MUST ATTEND the EGM to dissent. Else EGM passes the rights issue, you die straight.

looking forward for a refund next year 7% return, better than FD....
0.45 + interest 3.15% x 3 years - corporate tax 25% = 0.4818..

My best guess is after announcing EGM date, the price will rise near to 0.72. Probably around 0.71. A sure gain of 0.025 from current price, people will buy in.

No point to push it up above 0.72 since 25% will dissent. If push it up above 0.72 and people will start selling, and it will cost the management more money.

Might as well just see you guys at EGM.

if MYR maintain 4.00 above for last quarter, end Jan 2016 announcement will be superb.

keep until bonus ex-date

good final dividend maybe ? 0.12 ?

ask for right issue also need EGM approval.. we will meet at EGM my brothers.

Gosh..... Mother share should be dropping instead of going up right ?!?!

someone is hungry eating @ 0.685

CLIQ ENERGY BERHAD ("CLIQ" or "COMPANY")

We refer to the query letter dated 5 October 2015 from Bursa Malaysia Securities Berhad ("Bursa Securities") to CLIQ Energy Berhad ("CLIQ") regarding the news article titled "New controlling shareholder coming on board CLIQ Energy" which was featured in The Edge Malaysia for the week of 5 October 2015 to 11 October 2015, and in accordance with Bursa Securities Corporate Disclosure Policy, the Board of Directors of CLIQ ("Board") wishes to clarify and comment on the following statements which had appeared in the abovementioned article:

No. Statement in article Clarification
1. "CLIQ is planning to propose a rights issue to fund a shortfall for its qualifying acquisition (QA) to graduate from a special purpose acquisition company (SPAC)" The Board wishes to clarify that CLIQ is in the midst of finalising a fund raising exercise to fund the potential shortfall of the cash available in the Company's trust account to satisfy the cash consideration for the proposed qualifying acquisition announced on 24 March 2015 ("Qualifying Acquisition"). The Company will make the appropriate announcement once the terms of the fund raising exercise has been finalised.
2. "The new shareholder, who is currently a minority, is looking to take up a chunk of the rights issue to acquire his controlling stake" The Board is not aware of any intention of anyone, be it a shareholder of the Company or anyone else, who wishes to acquire a controlling stake in the Company.
3. "It is also anticipating that 25% of its shareholders will vote against the QA" The Board is not aware of any intention of any shareholder of the Company who wishes to vote against the Qualifying Acquisition.
4. "The new shareholder and his proxies are planning to vote against the QA" The Board is not aware of any intention of any shareholder of the Company who wishes to vote against the Qualifying Acquisition.


This announcement is dated 5 October 2015.

be patient..

sell or not to sell callme777 ?

hrm.. someone just ate all 0.680...

i mean dont even got SC approval, no reason for EGM announcement soon. (belum lagi, this is what i meant)

dont even get SC approval. no reason for EGM announcement soon.

doesnt look good... looks like making way for larger shareholder to run