Hey, Pana, this was the price I paid for KPJ...

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Added on December 28, 2009, 11:05 pm
The way Supermx sold its treasury shares, your special dividend is very near liao...

This post has been edited by protonw: Dec 28 2009, 11:05 PM

The Co have already announced that they will be disposing of treasury shares and distributing the profit as dividend. Go look it up . Also have stated their dividend policy for year end 31 Dec 2009. Do a bit of research.

wow, great, that would be our CNY Big Ang Pow by Supermax

You bought a lot?

i bought
Supermax
Latexx
Adventa

Based on the treasury shares sold amount and the estimated FY2009 earning of 125 millions.
I have worked out the dividend plus special dividend will be 20.4 cents per share !

Thanks for the calculation, forestbird.

Yuppie, Indeed a good news for fellow shareholders

whats the TP for this counter ?

based on average of 10 research it is RM5.53

Lembaga Tabung Haji start going-in now!

http://www.bursastation.com/news.pl?stock_...ion=news_latest

tabung haji and foreign fund are selling supermax.

Is good call. I missed it....

ALL GLOVE & CONDOM MAKERS ARE CRAZY SHOOT TODAY!

• In great shape; maintain OVERWEIGHT. The rubber glove sector had a
spectacular year in 2009, raising the question of further upside from here on. We
believe that prospects remain favourable and demand growth is sustainable. This
underpins our decision to retain our OVERWEIGHT stance on the sector. Factors
that could extend the re-rating include the continuing uptick in demand from the
healthcare industry, ongoing capacity expansion and above-market earnings growth
driven by major capacity expansion by many of the glove companies. Adventa and
Supermax remain our top picks.
• Outperform and higher targets for all stocks. We retain our earnings forecasts
and Outperform recommendations for all the glove stocks under our coverage. In
light of the positive industry outlook and superior earnings growth prospects, we
now value Top Glove at a 10% premium over our target market P/E of 15x instead
of parity. Our target prices for the remaining glove companies rise in tandem, except
for Adventa and Supermax for which we reduced our discount relative to Top Glove
by 10% in view of their exposure to the OBM segment and high liquidity. This raises
their target prices by about 25%.
• 2009 was a great year. 2009 was an excellent year for Malaysian rubber glove
manufacturers. Customers’ order cycle returned to normal, latex prices came down
from record levels, energy prices also fell, the US$ strengthened and to top it off,
H1N1 broke about in early 2Q, leading to a rubber glove shortage which
manufacturers believe will continue well into 2010.
• Strong performance but still undervalued. Rubber glove companies
outperformed the KLCI in 2009, surging 94-540% compared to a 45% gain for the
KLCI. Despite the strong performance, their P/E ratings remain at a discount to the
market instead of the premium that they historically traded at. The sector now
stands at an average FY10 P/E of 9.4x or just half of the peak during end-06/early-
07. We believe that the rubber glove companies are still undervalued and offer
tremendous earnings upside due to their expansion programmes.
• Demand to remain strong... Demand for rubber gloves is expected to be strong
over the next few years. Malaysian glovemakers predominantly manufacture
examination and medical-grade gloves which make up on average 90% of their
output. We believe demand will not only be resilient but will continue to grow along
with hygiene awareness, health regulations and population size.
• …, underpinning major expansion plans. Malaysian glove manufacturers will be
expanding their capacity in a big way over the next few years. Supermax, Latexx
and Top Glove have even brought forward their plans. Over the next two years,
each of the industry giants will be adding annual capacity of 3bn-7bn pieces (17-
97% growth) to capture a bigger slice of the expanding market.

Research done by CIMB

ppl making lots of $$$ from this glove makers!!!!1

you started the thread, so did you buy at $3?

Recorded a 52-weeks high - RM5.35 (up 65 sens) today!

really amazing day today. such a rally. 12% increase in one day. who do you think the buyers are? funds or retail investors?

from my observation, the buying pattern doesnt look like retail players... they goreng is very organized...
most likely funds... any CIMB funds invest in rubber industry ?
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anyway congratz everyone

moppy yours not even T+3 yet huh

handsome profits ya~!!