Supermax has 2.720b shares. Before Pandemic, the Profit For Shareholders was way less than RM100m/quarter. Assuming can maintain at RM100m/quarter after super-profit cycle over. RM400m/year or RM0.1471 per shares at RM6.20 per share PE = 42.14x (RM6.20/RM0.1471) Expensive forward PE
Old geezer is quietly selling and buying something else. Once the selling is done and the new stock is announced with justification, he will shit Supermax like no tomorrow. That is how he operates. He is a MAN without principles and ethics. He gets away each time because he knows most traders have short memory due to GREED.
Human can bluff but not the technical chart. As a retail investor we are always subjected to share prices manipulation by analyst who write misleading report to con the poor retail investors.
When Glove stocks being targeted for Short Selling with gigantic sized fund in hand... Who else can stop the rage ? Even making huge profits on every QR would be meaningless... The only medicine to teach the Shorters is by just watching them buying at their own selling price... We just need to move on to other theme like Tech counters and return to Gloves when Shorters learnt their on doing ..
Wah KYY wants big sharks + bilis to push to RM 10 for him unload on long term investors, but i must admit the current price is kinda attractive compared to the overpriced tech stocks. Right now big sharks hot money is pushing tech stocks to unload on bilis so gotta wait abit until they are done there.
@charlesT... you were right. KYY just revealed that he sold ALL his supermax around the same time he published this article.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Report Abuse
Please Sign In to report this post as abuse.
Market Buzz
No result.
Featured Posts
MQ Trader
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3201 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
siradrian
51 posts
Posted by siradrian > 2021-02-10 08:15 | Report Abuse
Thank you sir