they are announcing results this thursday. now 3. anyone buying?
Supermax
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 Oct 13 2009, 10:36 AM, updated 16y ago
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#1
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Junior Member
347 posts Joined: Jul 2009 
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Oct 13 2009, 12:59 PM
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#2
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Junior Member
11 posts Joined: Jun 2007
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glove makers seem to be making profit with the H1N1 is around
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Oct 13 2009, 01:46 PM
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#3
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Senior Member
869 posts Joined: Mar 2008
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should be a good news
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Oct 13 2009, 02:30 PM
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#4
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Junior Member
347 posts Joined: Jul 2009
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heard they will declare interim divi also
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Dec 9 2009, 12:02 PM
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#5
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Newbie
2 posts Joined: Jul 2009
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QUOTE(johndisaster @ Oct 13 2009, 02:30 PM) heard they will declare interim divi also Supermax is really a good counter, i should know because I know the BIG BOSS. |
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Dec 9 2009, 04:18 PM
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#6
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Junior Member
347 posts Joined: Jul 2009
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now is a good price to go in? how far can it go?
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Dec 9 2009, 09:50 PM
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#7
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Junior Member
253 posts Joined: Jun 2009 From: Sg Long 
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QUOTE(bolehreptiles @ Dec 9 2009, 12:02 PM) Supermax is really a good counter, i should know because I know the BIG BOSS. Any good things to share  QUOTE(johndisaster @ Dec 9 2009, 04:18 PM) now is a good price to go in? how far can it go? deletedThis post has been edited by APPA: Dec 22 2009, 03:05 PM |
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Dec 11 2009, 02:28 AM
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#8
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37 posts Joined: Aug 2009 
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It seems to always go down after touching RM4.00 mark.
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Dec 11 2009, 02:52 AM
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#9
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Senior Member
1,006 posts Joined: Mar 2006 From: Proud of Kelantan
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to those who have money, it is good to accumulate below rm4
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Dec 11 2009, 09:15 PM
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Senior Member
1,499 posts Joined: Jan 2003
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Yup, i think just need to wait until end of this month, this counter will shoot up again ....simple as that, the profit is almost match to TopGlove as topGlove selling almost double of Supermx price
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Dec 13 2009, 09:55 AM
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Junior Member
347 posts Joined: Jul 2009
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hope they declare some special divi next month!! |
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Dec 23 2009, 03:48 AM
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Junior Member
37 posts Joined: Aug 2009
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Bought @2.84 then accumulate again @3.64, don't know good idea to buy in some more before next month.
If I can get around 4.15, then ABP would be 3.54 |
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 Dec 26 2009, 10:43 AM
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Junior Member
66 posts Joined: Aug 2009
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7106 SUPERMX SUPERMAX CORPORATION BHD
Notice of Resale/Cancellation of Treasury Shares - Immediate Announcement Date of Transaction : 21/12/2009 Total No. of Treasury Shares Sold : 2,100,000 shares Minimum Price Paid For Each Share Sold : RM 4.100 Maximum Price Paid For Each Share Sold : RM 4.160 Total Amount Received For Treasury Shares Sold : RM 8,636,670.00 Total No. of Treasury Shares Cancelled : 0 shares Cumulative Net Outstanding Treasury Shares As At To-Date : 3,460,000 shares Adjusted Issued Capital After Cancellation/Resale : 0  |
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Dec 27 2009, 02:47 PM
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Senior Member
633 posts Joined: Jan 2006
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QUOTE(kplu @ Dec 26 2009, 10:43 AM) 7106 SUPERMX SUPERMAX CORPORATION BHD Net profit will be given back to share holders in the form of dividends Notice of Resale/Cancellation of Treasury Shares - Immediate Announcement Date of Transaction : 21/12/2009 Total No. of Treasury Shares Sold : 2,100,000 shares Minimum Price Paid For Each Share Sold : RM 4.100 Maximum Price Paid For Each Share Sold : RM 4.160 Total Amount Received For Treasury Shares Sold : RM 8,636,670.00 Total No. of Treasury Shares Cancelled : 0 shares Cumulative Net Outstanding Treasury Shares As At To-Date : 3,460,000 shares Adjusted Issued Capital After Cancellation/Resale : 0  |
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Dec 28 2009, 11:59 AM
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Junior Member
66 posts Joined: Aug 2009
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QUOTE(penangmee @ Dec 27 2009, 02:47 PM) Net profit will be given back to share holders in the form of dividends Supermax sold off the treasury shares because they don't have confidence and expecting to buy back at lower price? |
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Dec 28 2009, 04:49 PM
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VIP
37,028 posts Joined: Jan 2003 From: Petaling Jaya
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Supermax hit 52-weeks high today!
Now at 4.44 (+30 sens) |
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Dec 28 2009, 05:13 PM
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Senior Member
1,217 posts Joined: Aug 2005 From: d' Kay El
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QUOTE(panasonic88 @ Dec 28 2009, 04:49 PM) Supermax hit 52-weeks high today! Wow.. what a sudden surge! Now at 4.44 (+30 sens)  |
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Dec 28 2009, 05:16 PM
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Junior Member
253 posts Joined: Jun 2009 From: Sg Long
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QUOTE(panasonic88 @ Dec 28 2009, 04:49 PM) Supermax hit 52-weeks high today! aiyah.....miss the opportunity to dispose my last 5k Now at 4.44 (+30 sens)  |
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Dec 28 2009, 09:04 PM
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Junior Member
66 posts Joined: Aug 2009
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7106 SUPERMX SUPERMAX CORPORATION BHD
Notice of Resale/Cancellation of Treasury Shares - Immediate Announcement Date of Transaction : 28/12/2009 Total No. of Treasury Shares Sold : 3,461,000 shares Minimum Price Paid For Each Share Sold : RM 4.100 Maximum Price Paid For Each Share Sold : RM 4.120 Total Amount Received For Treasury Shares Sold : RM 14,191,138.30 Total No. of Treasury Shares Cancelled : 0 shares Cumulative Net Outstanding Treasury Shares As At To-Date : 0 shares Adjusted Issued Capital After Cancellation/Resale : 0 Date Lodged With Registrar of Company : Lodged By : Remarks: |
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Dec 28 2009, 09:10 PM
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Junior Member
327 posts Joined: Apr 2009
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QUOTE(tan1818 @ Dec 23 2009, 03:48 AM) Bought @2.84 then accumulate again @3.64, don't know good idea to buy in some more before next month. If you don't know what's the Fair Value for this share b4 you buy, then you're gambling If I can get around 4.15, then ABP would be 3.54  This post has been edited by DanielW: Dec 28 2009, 09:11 PM |
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Dec 28 2009, 11:03 PM
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Senior Member
5,191 posts Joined: May 2009
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QUOTE(panasonic88 @ Dec 28 2009, 04:49 PM) Supermax hit 52-weeks high today! Hey, Pana, this was the price I paid for KPJ... Now at 4.44 (+30 sens)  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 |
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Dec 29 2009, 01:16 AM
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Senior Member
633 posts Joined: Jan 2006
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QUOTE(kplu @ Dec 28 2009, 11:59 AM) Supermax sold off the treasury shares because they don't have confidence and expecting to buy back at lower price? 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. |
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Dec 29 2009, 09:03 AM
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VIP
37,028 posts Joined: Jan 2003 From: Petaling Jaya
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QUOTE(protonw @ Dec 28 2009, 11:03 PM) Hey, Pana, this was the price I paid for KPJ... Added on December 28, 2009, 11:05 pm The way Supermx sold its treasury shares, your special dividend is very near liao... QUOTE(penangmee @ Dec 29 2009, 01:16 AM) 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 |
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Dec 29 2009, 10:34 AM
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Senior Member
8,447 posts Joined: Nov 2005
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QUOTE(panasonic88 @ Dec 29 2009, 09:03 AM) wow, great, that would be our CNY Big Ang Pow by Supermax You bought a lot? |
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Dec 29 2009, 10:30 PM
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Junior Member
89 posts Joined: May 2007
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QUOTE(jasontoh @ Dec 29 2009, 10:34 AM) You bought a lot? i bought Supermax Latexx Adventa |
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Jan 2 2010, 11:26 AM
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Newbie
2 posts Joined: Jan 2010
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QUOTE(protonw @ Dec 29 2009, 12:03 AM) Hey, Pana, this was the price I paid for KPJ... Based on the treasury shares sold amount and the estimated FY2009 earning of 125 millions. Added on December 28, 2009, 11:05 pm The way Supermx sold its treasury shares, your special dividend is very near liao... I have worked out the dividend plus special dividend will be 20.4 cents per share ! |
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Jan 2 2010, 12:01 PM
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VIP
37,028 posts Joined: Jan 2003 From: Petaling Jaya
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QUOTE(forestbird @ Jan 2 2010, 11:26 AM) Based on the treasury shares sold amount and the estimated FY2009 earning of 125 millions. Thanks for the calculation, forestbird. I have worked out the dividend plus special dividend will be 20.4 cents per share ! Yuppie, Indeed a good news for fellow shareholders |
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Jan 4 2010, 10:10 AM
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Junior Member
127 posts Joined: Aug 2008
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whats the TP for this counter ?
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Jan 4 2010, 11:07 AM
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Junior Member
112 posts Joined: Apr 2008
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based on average of 10 research it is RM5.53
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Jan 5 2010, 08:51 AM
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89 posts Joined: May 2007
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Jan 5 2010, 12:05 PM
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66 posts Joined: Aug 2009
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QUOTE(superhifi77 @ Jan 5 2010, 08:51 AM) tabung haji and foreign fund are selling supermax. |
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Jan 5 2010, 12:47 PM
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Senior Member
5,191 posts Joined: May 2009
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QUOTE(mmusang @ Dec 11 2009, 02:52 AM) to those who have money, it is good to accumulate below rm4 Is good call. I missed it....  |
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Jan 6 2010, 03:18 PM
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89 posts Joined: May 2007
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ALL GLOVE & CONDOM MAKERS ARE CRAZY SHOOT TODAY!
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Jan 6 2010, 04:11 PM
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Junior Member
66 posts Joined: Aug 2009
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• 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 |
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Jan 6 2010, 04:56 PM
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Junior Member
347 posts Joined: Jul 2009
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ppl making lots of $$$ from this glove makers!!!!1
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Jan 6 2010, 05:01 PM
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VIP
37,028 posts Joined: Jan 2003 From: Petaling Jaya
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QUOTE(johndisaster @ Oct 13 2009, 10:36 AM) they are announcing results this thursday. now 3. anyone buying? you started the thread, so did you buy at $3?  |
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Jan 6 2010, 05:01 PM
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VIP
37,028 posts Joined: Jan 2003 From: Petaling Jaya
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Recorded a 52-weeks high - RM5.35 (up 65 sens) today!
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Jan 6 2010, 05:08 PM
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Junior Member
194 posts Joined: Dec 2009
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really amazing day today. such a rally. 12% increase in one day. who do you think the buyers are? funds or retail investors?
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Jan 6 2010, 05:15 PM
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Senior Member
7,960 posts Joined: Dec 2007 From: Kuala Lumpur
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QUOTE(Chill4x @ Jan 6 2010, 05:08 PM) 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 ? -- anyway congratz everyone   |
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Jan 6 2010, 05:22 PM
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VIP
37,028 posts Joined: Jan 2003 From: Petaling Jaya
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QUOTE(mopster @ Jan 6 2010, 05:15 PM) from my observation, the buying pattern doesnt look like retail players... they goreng is very organized... moppy yours not even T+3 yet huh most likely funds... any CIMB funds invest in rubber industry ? -- anyway congratz everyone  handsome profits ya~!! |
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Jan 6 2010, 05:24 PM
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Senior Member
7,960 posts Joined: Dec 2007 From: Kuala Lumpur
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QUOTE(panasonic88 @ Jan 6 2010, 05:22 PM) moppy yours not even T+3 yet huh yah lol.... tomolo is T+3... need to make sure payment has been made.. later remisier force sell i will handsome profits ya~!!   ... hehehhee |
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Jan 6 2010, 05:24 PM
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Junior Member
194 posts Joined: Dec 2009
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yeah, the goreng today was very obvious. non-stop buying all the way from 4.70-5.35. doesnt help that CIMB also released research reports saying rubber glove sector will be overweight this year. Affin investment bank set the TP at RM 6.60. Who thinks it will hit this by Dec? XD
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Jan 6 2010, 09:30 PM
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Senior Member
641 posts Joined: Jun 2009
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i checked the stock tracker, noticed that only the small fish sapu...make the price fly up high!!
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Jan 6 2010, 10:57 PM
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Senior Member
5,191 posts Joined: May 2009
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QUOTE(panasonic88 @ Jan 6 2010, 05:01 PM) Recorded a 52-weeks high - RM5.35 (up 65 sens) today! This one runs better than KPJ..... now...I regret weighing both and dropped Super... |
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Jan 7 2010, 08:31 AM
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Junior Member
66 posts Joined: Aug 2009
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After so much of gained and top the gainers list yesterdays, rubber glove counters could be in top losers list today.
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Jan 7 2010, 02:46 PM
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Senior Member
1,174 posts Joined: Feb 2005
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QUOTE(kplu @ Jan 7 2010, 08:31 AM) After so much of gained and top the gainers list yesterdays, rubber glove counters could be in top losers list today. top losers? still going up some more today... geng! |
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Jan 8 2010, 12:03 PM
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VIP
37,028 posts Joined: Jan 2003 From: Petaling Jaya
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for Supermax fans, hoh seh ah
Supermax sees strong glove demand Supermax, Malaysia’s No 2 rubber glove maker, expects another year of strong profit growth in 2010 as fears about a resurgence of the H1N1 flu fuel demand for its products. The glove maker had previously forecast a net profit of RM133m for 2010 and it may upgrade its earnings outlook for this year when it unveils full-year earnings for 2009 in Feb 2010. (Malaysian Insider) Comments: The potential earnings revision comes within our expectation for the same reasons that we stated in the sector report. We reiterate trading buy on the stock with a target price of RM5.85. |
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Jan 8 2010, 04:56 PM
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VIP
37,028 posts Joined: Jan 2003 From: Petaling Jaya
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Today Supermax is recording new high~!
Now at 5.70 (+0.310) |
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Jan 8 2010, 08:41 PM
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Senior Member
934 posts Joined: Sep 2005 
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supermax really superman.. fly non stop
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Jan 10 2010, 08:16 PM
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Senior Member
2,335 posts Joined: Jul 2008
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QUOTE(panasonic88 @ Jan 8 2010, 12:03 PM) for Supermax fans, hoh seh ah http://www.facebook.com/?flyingspaghettimonster=home#/profile...100000386838545 Supermax sees strong glove demand Supermax, Malaysia’s No 2 rubber glove maker, expects another year of strong profit growth in 2010 as fears about a resurgence of the H1N1 flu fuel demand for its products. The glove maker had previously forecast a net profit of RM133m for 2010 and it may upgrade its earnings outlook for this year when it unveils full-year earnings for 2009 in Feb 2010. (Malaysian Insider) Comments: The potential earnings revision comes within our expectation for the same reasons that we stated in the sector report. We reiterate trading buy on the stock with a target price of RM5.85. May chat with SUPERMAX bozz personally. |
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Jan 10 2010, 11:09 PM
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Senior Member
5,191 posts Joined: May 2009
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QUOTE(kplu @ Jan 7 2010, 08:31 AM) After so much of gained and top the gainers list yesterdays, rubber glove counters could be in top losers list today. Below rm5, I will join you guys party. |
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Jan 13 2010, 05:24 PM
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VIP
37,028 posts Joined: Jan 2003 From: Petaling Jaya
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Glove rally continues!
Supermax is recording new high today! Broke 6.00, highest 6.04, closing 5.99. Gambateh! |
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Feb 20 2010, 01:57 AM
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Junior Member
37 posts Joined: Aug 2009
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Sold in 1st session today for reasonable profit. Waiting for it to drop so can re-enter again
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Feb 20 2010, 04:39 AM
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Junior Member
50 posts Joined: Oct 2008
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Hi, im a newbie here. Regarding this stock, around how much would u guys advice to buy? =)
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Feb 21 2010, 05:11 PM
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Newbie
2 posts Joined: Jan 2010
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QUOTE(panasonic88 @ Jan 13 2010, 06:24 PM) Glove rally continues! DATO SERI Stanley Thai 的reply如下：Supermax is recording new high today! Broke 6.00, highest 6.04, closing 5.99. Gambateh! The Gain from Sale of Treasury Shares is capitalized in the Capital Reserve in Share Premium Account as one of the Balance Sheet items. It would be distributed to Shareholders in the form of Bonus Issue among others. The company would make the announcement via Investment Banker once the IB is appointed in early March,2010 Thank you Dato’Seri Stanley Thai Group Managing Director Supermax Corporation Added on February 21, 2010, 5:24 pm QUOTE(xken @ Feb 20 2010, 05:39 AM) Hi, im a newbie here. Regarding this stock, around how much would u guys advice to buy? =) DATO SERI Stanley Thai 的reply如下：The Gain from Sale of Treasury Shares is capitalized in the Capital Reserve in Share Premium Account as one of the Balance Sheet items. It would be distributed to Shareholders in the form of Bonus Issue among others. The company would make the announcement via Investment Banker once the IB is appointed in early March,2010 Thank you Dato’Seri Stanley Thai Group Managing Director Supermax Corporation This post has been edited by forestbird: Feb 21 2010, 05:24 PM |
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Feb 21 2010, 05:56 PM
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Senior Member
1,164 posts Joined: Sep 2004 From: KaYeLL�
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QUOTE(DanielW @ Dec 28 2009, 09:10 PM) If you don't know what's the Fair Value for this share b4 you buy, then you're gambling And When you are gambling , u will get addicted.. and when u get addicted , u will lose money instead of earning and when u lose money , u will feel like wanna jump from KLCC well , why i said so ? coz i experienced this before  |
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Feb 21 2010, 10:19 PM
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Senior Member
785 posts Joined: Jan 2003
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fair value is less than RM 1.50 when the rubber play is over. beware of this counter and only for contra player or very short term players.
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Feb 21 2010, 10:46 PM
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Junior Member
371 posts Joined: Jan 2003
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QUOTE(amco @ Feb 21 2010, 10:19 PM) fair value is less than RM 1.50 when the rubber play is over. beware of this counter and only for contra player or very short term players. Then I think PBBank should only worth RM5 right? If it ever drop to 1.50 I will grab 400 lots ! |
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Feb 21 2010, 11:05 PM
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Senior Member
1,164 posts Joined: Sep 2004 From: KaYeLL�
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QUOTE(Yeapy @ Feb 21 2010, 10:46 PM) Then I think PBBank should only worth RM5 right? If it ever drop to 1.50 I will grab 400 lots ! i will follow too...rubber price at the peak now.. time for some correction lo~ |
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Feb 22 2010, 09:19 AM
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Senior Member
8,510 posts Joined: Dec 2004 From: KayEL
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QUOTE(Yeapy @ Feb 21 2010, 10:46 PM) Then I think PBBank should only worth RM5 right? 1.50??? or 4.50? If it ever drop to 1.50 I will grab 400 lots ! |
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Feb 22 2010, 09:47 AM
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Senior Member
3,037 posts Joined: Jun 2007
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Today OSK gave Superman a TP of RM10.00.
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Feb 22 2010, 09:54 AM
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Senior Member
4,966 posts Joined: Nov 2008
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QUOTE(amco @ Feb 21 2010, 10:19 PM) fair value is less than RM 1.50 when the rubber play is over. beware of this counter and only for contra player or very short term players. 1.50??? Sell me all your shares. |
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Feb 22 2010, 01:17 PM
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Junior Member
25 posts Joined: Nov 2007
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can supermx keep for long term within 1 yrs with target of 7.50?
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Feb 22 2010, 01:36 PM
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Junior Member
138 posts Joined: Nov 2008
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QUOTE(redbluez18 @ Feb 22 2010, 01:17 PM) can supermx keep for long term within 1 yrs with target of 7.50? Honestly, nobody knows. But if SUPERMX is able to produced excellent profits for every quarter I don't see why not. |
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Feb 22 2010, 03:47 PM
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Junior Member
371 posts Joined: Jan 2003
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Last year when I bought Superman at 0.84 during mid March and I told my friend my TP end of 2009 is 4 he don't believe. This year my TP is 8! Fat fat
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Feb 23 2010, 05:34 PM
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Junior Member
89 posts Joined: May 2007
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QUOTE(skiddtrader @ Feb 22 2010, 09:47 AM) Today OSK gave Superman a TP of RM10.00. IF Supermax= RM10, then LATEXX = RM7 ? ADVENTA = RM6 ? TOPGLOVE = RM20 ? KOSSAN = ? HARTA = ? This post has been edited by superhifi77: Feb 23 2010, 05:34 PM |
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Feb 23 2010, 09:20 PM
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All Stars
14,990 posts Joined: Jan 2003
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QUOTE(Yeapy @ Feb 22 2010, 03:47 PM) Last year when I bought Superman at 0.84 during mid March and I told my friend my TP end of 2009 is 4 he don't believe. This year my TP is 8! Fat fat How did you figure that out? |
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Feb 24 2010, 12:06 AM
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Junior Member
371 posts Joined: Jan 2003
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TP 8 just conservative prediction.
Latest eps would be around 18 sen if not due to the 5.4M bond. Higher TP is likely based on this year EPS around 18x4= 72 sen then x 12 PE. Note that 72sen haven't factor in the rise in production by about 20%, which translate into more profit later this year. |
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Feb 24 2010, 04:30 PM
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Junior Member
350 posts Joined: Sep 2008 From: tyrsflgiugiug
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so how far would superma fly untill any ideas?
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Feb 24 2010, 04:47 PM
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Junior Member
162 posts Joined: Aug 2009
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this stock was so tempting...my TP probably RM7 by end of this yr...
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Apr 5 2010, 10:10 PM
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56 posts Joined: Mar 2010
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Apr 8 2010, 04:36 PM
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Junior Member
22 posts Joined: Aug 2007
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Bought at 5.xx, now at 7.xx, still have upside, think eventually will overtake Kossan because of it's lower PE and higher liquidity.
This post has been edited by tankahhoe: Apr 8 2010, 04:37 PM |
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Apr 19 2010, 03:44 PM
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Junior Member
56 posts Joined: Mar 2010
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Excellent latest 2010 Q1 quarter report result, price shoot up soon after this correction
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Apr 19 2010, 05:11 PM
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Junior Member
347 posts Joined: Jul 2009
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QUOTE(cwyeoh @ Apr 19 2010, 03:44 PM) Excellent latest 2010 Q1 quarter report result, price shoot up soon after this correction yeah... i alwiz believe in the counter!! go superman!! |
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Apr 19 2010, 06:11 PM
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Senior Member
1,217 posts Joined: Aug 2005 From: d' Kay El
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If tomorrow breaks 7.00 (high possiblity), then it will fly.
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Apr 19 2010, 06:26 PM
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Junior Member
371 posts Joined: Jan 2003
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Tmr CIMB will raise the TP to 11 ++ , hopefully I can see a rally to 8 this week
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Apr 19 2010, 06:29 PM
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Senior Member
1,217 posts Joined: Aug 2005 From: d' Kay El
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QUOTE(Yeapy @ Apr 19 2010, 06:26 PM) Tmr CIMB will raise the TP to 11 ++ , hopefully I can see a rally to 8 this week Me too.. let's hope so.  |
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Apr 19 2010, 07:27 PM
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VIP
37,028 posts Joined: Jan 2003 From: Petaling Jaya
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Sharing another blog on Supermax.
SUPERMX net profit triple jump http://kstockview.blogspot.com/2010/04/sup...riple-jump.html |
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Apr 20 2010, 09:23 AM
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VIP
37,028 posts Joined: Jan 2003 From: Petaling Jaya
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Supermax - Trading Buy. TP: RM8.80
 Buy/Hold with confidence! Attached File(s) 
researchview_Supermax_200410.pdf ( 90.73k )
Number of downloads: 19 |
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Apr 20 2010, 12:11 PM
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Senior Member
1,217 posts Joined: Aug 2005 From: d' Kay El
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Supermx (from 6.90) breached 7.00 and then 7.10 today.
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Apr 20 2010, 12:20 PM
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VIP
37,028 posts Joined: Jan 2003 From: Petaling Jaya
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Attaching CIMB Research Paper on Supermax.
CIMB changed their Supermax target price rises from RM9.65 to RM11.90 as we continue to value the stock at a 20% discount to Top Glove’s target P/E of 16.5x. We maintain our BUY call on Supermax. Attached File(s)
Supermax_200410_by_CIMB.pdf ( 223k )
Number of downloads: 59 |
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Apr 20 2010, 01:30 PM
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Senior Member
2,148 posts Joined: Nov 2007
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supermax = superman up up and away.
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Apr 20 2010, 02:05 PM
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Senior Member
1,217 posts Joined: Aug 2005 From: d' Kay El
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Let see whether it can breach 7.20 in the 2nd session today.
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Apr 20 2010, 02:16 PM
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VIP
37,028 posts Joined: Jan 2003 From: Petaling Jaya
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Let's hope it break the previous high 7.45 by end of the month
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Apr 20 2010, 02:26 PM
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Senior Member
1,217 posts Joined: Aug 2005 From: d' Kay El
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QUOTE(panasonic88 @ Apr 20 2010, 02:16 PM) Let's hope it break the previous high 7.45 by end of the month Yesss.  But its going to be tough due to many sellers/profit takers lining up the queues.  |
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Apr 21 2010, 09:48 AM
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VIP
37,028 posts Joined: Jan 2003 From: Petaling Jaya
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More readings & blogs about Supermax.
http://bursa99.blogspot.com/2010/04/supermax-apr10.html QUOTE Affin Keeps Supermax At Buy, Raises TP To RM10.69 Affin Investment kept Supermax Corp at Buy, but raised its target for the glove maker to RM10.69 from RM8.47 after its 1Q10 net profit more than double from a year ago. The brokerage said the results were 24% ahead of consensus as well as its own estimates, hence it raised its FY10-12 net profit projections for Supermax by 26-34%. Affin said, “with the recent pullback in share price and the upgrade in our earnings estimates, Supermax’s valuations are looking even more attractive, trading at CY10 P/E of 8.6X, and is backed by a robust 62% on-year earnings growth.†http://www.stockmarketsreview.com/reports/..._20100420_4902/ |
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Apr 21 2010, 11:27 AM
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Senior Member
1,217 posts Joined: Aug 2005 From: d' Kay El
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QUOTE(panasonic88 @ Apr 21 2010, 09:48 AM) More readings & blogs about Supermax. Thanks for the links. http://bursa99.blogspot.com/2010/04/supermax-apr10.html http://www.stockmarketsreview.com/reports/..._20100420_4902/ With many good reviews from various parties, I wonder why its price is not that bullish as anticipated. Even Adventa is going up at a higher rate (in terms of %). |
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Apr 21 2010, 11:48 AM
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VIP
37,028 posts Joined: Jan 2003 From: Petaling Jaya
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QUOTE(Freelancer @ Apr 21 2010, 11:27 AM) Thanks for the links. patience is virtue. no hurry, man man lei With many good reviews from various parties, I wonder why its price is not that bullish as anticipated. Even Adventa is going up at a higher rate (in terms of %). |
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Apr 21 2010, 12:00 PM
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Senior Member
2,148 posts Joined: Nov 2007
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sikit sikit lama jadi bukit.
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Apr 21 2010, 12:15 PM
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Senior Member
1,217 posts Joined: Aug 2005 From: d' Kay El
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QUOTE(panasonic88 @ Apr 21 2010, 11:48 AM) patience is virtue. no hurry, man man lei QUOTE(smartly @ Apr 21 2010, 12:00 PM) sikit sikit lama jadi bukit. Yes.. I understand. But look at the reality e.g. today. Harta up 2.1%, Adventa 1.8%, Topglov 1.1% and Supermx.. only 0.99%.  |
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Apr 21 2010, 12:40 PM
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VIP
37,028 posts Joined: Jan 2003 From: Petaling Jaya
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Bringing out my crystall ball:
Mid of next month, we shall see Supermax comes to 8.00-8.20. |
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Apr 21 2010, 12:46 PM
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Senior Member
1,217 posts Joined: Aug 2005 From: d' Kay El
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QUOTE(panasonic88 @ Apr 21 2010, 12:40 PM) Bringing out my crystall ball: I thought end of this month.. haha. Thanks for your shiny crystal ball. Mid of next month, we shall see Supermax comes to 8.00-8.20. |
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Apr 24 2010, 12:47 AM
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All Stars
17,100 posts Joined: Mar 2005
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i still collecting supermax. it shd shoots over rm8.35, i guess. hope i am right this time. after this level there is 'no way back' .... good luck to all super supporters.
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Apr 24 2010, 02:27 AM
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Junior Member
371 posts Joined: Jan 2003
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8.88 nicer haha
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Apr 24 2010, 12:23 PM
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Senior Member
1,082 posts Joined: Mar 2009
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QUOTE(PandanKia @ Apr 24 2010, 01:04 AM) 8.35? sure boh? Look at Harta, Topglov, Adventa all with 12 - 14 P/E no way superman ccannot shoot to 8.50 |
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Apr 24 2010, 05:00 PM
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Junior Member
124 posts Joined: Dec 2008
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Topglove, Harta and Adventa are managed by highly ethical and top notch people. I can't say the same about Supermax.
Maybe you do not know something. Do you know that Lim Wee Chai (Topglove boss) used to work with Supermax boss? Due to diference in opinion, Lim Wee Chai set up Topglove and became the largest glove company in the world. On the other hand, Supermax was tangled in a messy web of corporate takeovers and it's run like a chinamen company. I would not go into business with Supermax boss! As a shareholder, just be carefull who is running your business. Hartalega and Topglove are the only two companies I admire the most. |
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May 23 2010, 01:08 PM
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Junior Member
114 posts Joined: Mar 2010
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TopGlove boss learn from Stanley mistake!
I would like to work with SUPERMAX boss,learn his mistake ,take huge salary and set up Megaglove |
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May 23 2010, 02:25 PM
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Senior Member
732 posts Joined: May 2008
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support fibo retracement 23.6% broken down again for second time in may.
 This post has been edited by imax80: May 23 2010, 02:31 PM |
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May 23 2010, 05:11 PM
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Junior Member
114 posts Joined: Mar 2010
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Good trend?sorry donno ta lah.
Tomolo Supermax CHIONG? |
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May 23 2010, 09:44 PM
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Senior Member
732 posts Joined: May 2008
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QUOTE(ekhoono @ May 23 2010, 05:11 PM) Good trend?sorry donno ta lah. technically not condusive for entry at the moment, downtrend with two lower low. for short term trader better be ready to cutloss.Tomolo Supermax CHIONG? This post has been edited by imax80: May 23 2010, 09:44 PM |
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May 27 2010, 02:26 AM
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Junior Member
73 posts Joined: Dec 2005
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When is Supermax going to announce it's approved 1 for 4 bonus issue?Already 26th May ..I thought the tentative date was 26th May?
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May 28 2010, 12:23 AM
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All Stars
17,100 posts Joined: Mar 2005
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i am still waiting. sin chew states that it is still waiting for SE approval.
also, it declares dividend liao .... patient, it shd go up and up and up .... |
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May 31 2010, 11:57 PM
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All Stars
17,053 posts Joined: Jan 2003
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if it refuses to breach the RM7 soon I might just sell all of it and go into some defensive counter soon
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Jun 2 2010, 12:50 AM
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Junior Member
73 posts Joined: Dec 2005
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When is Supermax going to announce the good news??? Already 1st June! By the time they announce, the bloody stock would have collapsed already..siallar
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Jun 2 2010, 01:15 AM
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All Stars
17,053 posts Joined: Jan 2003
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QUOTE(leiwulong90 @ Jun 2 2010, 12:50 AM) When is Supermax going to announce the good news??? Already 1st June! By the time they announce, the bloody stock would have collapsed already..siallar That's very cynical of you lolz. Well they quarterly report should be out soon right? |
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Jun 4 2010, 03:14 AM
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Junior Member
73 posts Joined: Dec 2005
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Finally! Supermax announces bonus issue...EX date is 16th
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Sep 5 2010, 02:04 PM
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Junior Member
114 posts Joined: Mar 2010
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Why the price going down ? Most of the stock already bounce back ma! Dividen also on the way.Monday will try to cautch knife. http://www.btimes.com.my/Current_News/BTIM...icle/index_html]supermax[/URL] This post has been edited by ekhoono: Sep 5 2010, 02:05 PM |
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Sep 5 2010, 02:06 PM
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All Stars
17,100 posts Joined: Mar 2005
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this counter shows some resistence at RM5.10. yeah, maybe its time for the rubber counters again to move up. they stayed too long in the oversold position.
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Sep 5 2010, 02:26 PM
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Junior Member
114 posts Joined: Mar 2010
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Talking about resistant, 2 time break already! Will it break the 3rd? Emm I don't thing so, see this
Attached thumbnail(s) 
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Sep 5 2010, 03:45 PM
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All Stars
17,100 posts Joined: Mar 2005
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so tempted to as they said, catch the fslling knife this monday .....wow
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Sep 6 2010, 09:41 PM
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Senior Member
4,518 posts Joined: Apr 2010
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Glove counters are in for a downward revision following top glove management guidance on the forthcoming release of the quarterly results.
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Sep 7 2010, 05:01 PM
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Junior Member
327 posts Joined: Apr 2009
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QUOTE(cckkpr @ Sep 6 2010, 09:41 PM) Glove counters are in for a downward revision following top glove management guidance on the forthcoming release of the quarterly results. Where did you get the news from? |
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Sep 7 2010, 09:11 PM
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Senior Member
2,850 posts Joined: Aug 2006 From: Stellar Nursery
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Wow, almost 30% drop since the last high
Added on September 7, 2010, 9:23 pmI think 4.65 is a good entry if it bounces This post has been edited by Polaris: Sep 7 2010, 09:23 PM |
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Sep 7 2010, 09:36 PM
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Senior Member
4,966 posts Joined: Nov 2008
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QUOTE(cckkpr @ Sep 6 2010, 09:41 PM) Glove counters are in for a downward revision following top glove management guidance on the forthcoming release of the quarterly results. Yeah . Where is this earnings guidance please. |
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Sep 7 2010, 10:33 PM
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Senior Member
546 posts Joined: Dec 2009 From: Malaysia
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i entered @ 4.82 today!!
This post has been edited by Jtic: Sep 7 2010, 10:33 PM |
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Sep 7 2010, 10:57 PM
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Junior Member
114 posts Joined: Mar 2010
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I caught babi hell 20lot @5.04 yesterday!!
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Sep 8 2010, 12:37 AM
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Junior Member
271 posts Joined: Oct 2007
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entered too damn early today at 4.95 .. saddddddd
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Sep 8 2010, 12:15 PM
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Senior Member
3,037 posts Joined: Jun 2007
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QUOTE(Polaris @ Sep 7 2010, 09:11 PM) Wow, almost 30% drop since the last high RM4.65 already Added on September 7, 2010, 9:23 pmI think 4.65 is a good entry if it bounces |
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Sep 8 2010, 12:15 PM
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Senior Member
2,850 posts Joined: Aug 2006 From: Stellar Nursery
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4.65 now, I'm preparing to go in...
Wonder if it'll go even lower.. |
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Sep 8 2010, 12:43 PM
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All Stars
12,698 posts Joined: Jun 2010 From: kuala lumpur
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QUOTE(Polaris @ Sep 8 2010, 12:15 PM) 4.65 now, I'm preparing to go in... already lower now. Wonder if it'll go even lower.. |
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Sep 8 2010, 12:47 PM
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Senior Member
1,307 posts Joined: Sep 2009
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glove industries get hammered these few days. Wondering whether "they" will re-bounce soon...
Will try q at 4.60, let's c how... |
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Sep 8 2010, 01:15 PM
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All Stars
17,100 posts Joined: Mar 2005
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rubber counters like topglove was downgraded few weeks back, and it led the downtrend of all the rubbers. but still, they cant be so bad right? now they are worth 'penniless'....damn !
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Sep 8 2010, 01:37 PM
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Junior Member
114 posts Joined: Mar 2010
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U want Q @4.60, tomolo drop till RM4.50 how?
any technic to average down? |
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Sep 8 2010, 01:53 PM
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Junior Member
383 posts Joined: Aug 2010 From: Hamburg
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QUOTE(ekhoono @ Sep 8 2010, 01:37 PM) U want Q @4.60, tomolo drop till RM4.50 how? technical analysis is useless for bursa stocks that are heavily sundicatedany technic to average down? sundicates are big and more poweful then us Added on September 8, 2010, 1:56 pmi queue at 4.50 Added on September 8, 2010, 1:57 pmrubberex is the only counter in my list that still tahan today This post has been edited by amalthea: Sep 8 2010, 01:57 PM |
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Sep 8 2010, 02:09 PM
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Senior Member
1,307 posts Joined: Sep 2009
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QUOTE(ekhoono @ Sep 8 2010, 01:37 PM) U want Q @4.60, tomolo drop till RM4.50 how? I think the market value should not go far beyond +/- RM4.50... Q at RM4.60 is because... I hope it is the lowest market price for today.. any technic to average down? |
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Sep 8 2010, 04:34 PM
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Junior Member
59 posts Joined: Oct 2008
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QUOTE(ekhoono @ Sep 7 2010, 10:57 PM) I caught babi hell 20lot @5.04 yesterday!! 20 lots is 2,000 units or 20,000 units? |
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Sep 8 2010, 05:13 PM
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Junior Member
383 posts Joined: Aug 2010 From: Hamburg
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QUOTE(shelynssl @ Sep 8 2010, 04:34 PM) 20 lots is 2,000 units or 20,000 units? in klse general and in here 1 lot is always 100which stupid uncle still uses 1 lot = 1000 lots  |
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Sep 8 2010, 05:58 PM
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Senior Member
5,291 posts Joined: Dec 2004 From: I Luv Msia
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QUOTE(amalthea @ Sep 8 2010, 05:13 PM) in klse general and in here 1 lot is always 100 opps...seems like i m the stupid unker that u mentioned which stupid uncle still uses 1 lot = 1000 lots my call with my remisier still 1lot = 1000units, does it bother u? |
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Sep 8 2010, 06:22 PM
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Senior Member
713 posts Joined: Mar 2005
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QUOTE(sotong168 @ Sep 8 2010, 05:58 PM) opps...seems like i m the stupid unker that u mentioned we are all stupid uncle my call with my remisier still 1lot = 1000units, does it bother u? bcz all/most of my the remisier still refer 1lot = 1000unit  |
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Sep 8 2010, 06:33 PM
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All Stars
23,851 posts Joined: Dec 2006
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100 shares each , are not like to boost the price of Supermax. We need more uncles to buy 100 lots x 1000 shares. Just joking . This post has been edited by SKY 1809: Sep 8 2010, 06:34 PM |
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Sep 8 2010, 08:20 PM
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Senior Member
5,291 posts Joined: Dec 2004 From: I Luv Msia
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be it 100unit or 1000unit, so long as all of us making $$$, cheers
tomolo bursa opens half day, how much more dip u expected |
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Sep 8 2010, 10:24 PM
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Junior Member
114 posts Joined: Mar 2010
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QUOTE(shelynssl @ Sep 8 2010, 04:34 PM) 20 lots is 2,000 units or 20,000 units? 20 lot is 2000 unit share, i also small fish nia.Don't follow me. Added on September 8, 2010, 10:29 pm QUOTE(sotong168 @ Sep 8 2010, 08:20 PM) be it 100unit or 1000unit, so long as all of us making $$$, cheers Today whole day,drop Rm0.19, tomolo bursa opens half day, how much more dip u expected Tomolo half day , drop RM 0.08 =supermax RM4.56 This post has been edited by ekhoono: Sep 8 2010, 10:29 PM |
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Sep 9 2010, 01:39 AM
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Senior Member
2,850 posts Joined: Aug 2006 From: Stellar Nursery
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The index looks like it's in correction mode now, but since august or so supermax is not moving in step with it.
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Sep 9 2010, 10:00 AM
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Junior Member
29 posts Joined: Feb 2010
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Lower down your expectation for the near term for this stock but do place an eye on it =D
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Sep 13 2010, 07:10 PM
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Junior Member
172 posts Joined: Jun 2009
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i buy supermax today at 4.90. Is my entry price high?
I realise the dividend yield is rather low...any opinion? Please advise, |
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Sep 13 2010, 09:47 PM
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All Stars
12,698 posts Joined: Jun 2010 From: kuala lumpur
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QUOTE(BrendaChee @ Sep 13 2010, 07:10 PM) i buy supermax today at 4.90. Is my entry price high? Gloves are not dividend stocks i guess, where most bank's stocks are dividend stocks. I realise the dividend yield is rather low...any opinion? Please advise, On dividend stocks, normally we don't expect dramatic price change. For non-dividend stocks, more drama loh...either make you cry or make you laugh. |
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Sep 17 2010, 05:23 PM
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Senior Member
559 posts Joined: Mar 2010 From: Ipoh/Kuala Lumpur
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I think not only Supermax but the whole the glove industry would have come through an adjustment period that their share prices heading south in the next 6 to 12 months. Crude Oil and rubber prices would be higher if the world economy still keep growing instead of double dip. Another point need to factor in is that RM is going stronger and the exporter would be jeopardised.
My investing strategy is based on value investing, so I'd only start to accumulate Supermax once its price drops below RM3.5 This post has been edited by kinwing: Sep 17 2010, 05:27 PM |
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Sep 17 2010, 05:27 PM
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Senior Member
559 posts Joined: Mar 2010 From: Ipoh/Kuala Lumpur
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QUOTE(BrendaChee @ Sep 13 2010, 07:10 PM) i buy supermax today at 4.90. Is my entry price high? There are 2 ways to make money from Supermax.I realise the dividend yield is rather low...any opinion? Please advise, One way is to buy Supermax in cheap when it's undervalued. If you have bought Supermax 3 years with its share price around RM1.8 (before the bonus issue but after share split), you would have made a few hundred % of return from capital appreciation. Another way is to buy Supermax based on growth vision. But you think can Supermax's growth outpace Top Glove or Hartalega? BTW, if anyone want to get good dividend, then Supermax won't match the expectation. |
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Sep 17 2010, 07:05 PM
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Junior Member
491 posts Joined: Jan 2005
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Rubbergloves have been growing in leaps and bounds even before recession till today. Don't u think its time for a shake up in the industry. Those rubber companies who invest more and have high gearing will be hardest hit. Those companies which have highest stocks level will also be hardest hit. There is also possibility that some of these companies may be manipulating their stocks level to show higher profits and thus misleading investors to buy the stocks at a much higher price.
http://whereiszemoola.blogspot.com/2010_09_01_archive.html |
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Sep 19 2010, 09:19 PM
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Junior Member
271 posts Joined: Oct 2007
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are we getting the dividend 2.5sen in term of cheque ? or a direct bank in our investment bank acc ?
and also roughly by when can we expect to receive them ? cheers |
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Sep 20 2010, 01:09 PM
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All Stars
17,100 posts Joined: Mar 2005
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this morning got hit again, just cant say what is the entry price. but i think better wait.
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Sep 20 2010, 05:28 PM
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Senior Member
1,307 posts Joined: Sep 2009
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I think now is also another chance to go in this counter.
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Sep 20 2010, 05:51 PM
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Senior Member
1,006 posts Joined: Mar 2006 From: Proud of Kelantan
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people still dumping glove counters, so need to wait
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Sep 20 2010, 10:29 PM
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Junior Member
383 posts Joined: Aug 2010 From: Hamburg
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i bought at a higher price around sept 9
not planning to cut lose need to improve my holding power |
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Sep 21 2010, 12:08 AM
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Senior Member
1,028 posts Joined: Oct 2006 From: Urban area, Rural area now back to Urban area
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I'm holding it too.. need to be patience
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Sep 21 2010, 12:44 AM
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Junior Member
62 posts Joined: Mar 2010
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wait until rm4.10?
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Sep 21 2010, 01:43 AM
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Junior Member
172 posts Joined: Jun 2009
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QUOTE(amalthea @ Sep 20 2010, 10:29 PM) i bought at a higher price around sept 9 Me too....my entry price 4.89...then all the way down....really wrong timing.not planning to cut lose need to improve my holding power I will hold till it rise. |
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Sep 21 2010, 01:57 AM
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All Stars
12,698 posts Joined: Jun 2010 From: kuala lumpur
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QUOTE(junjie @ Sep 21 2010, 12:44 AM) wait until rm4.10? Nop. Hold it till rm8.00.  |
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Sep 21 2010, 05:01 AM
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Senior Member
2,850 posts Joined: Aug 2006 From: Stellar Nursery
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I got in at 4.6, this could be a shakeout
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Sep 21 2010, 07:03 AM
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All Stars
17,100 posts Joined: Mar 2005
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QUOTE(yok70 @ Sep 21 2010, 01:57 AM) Nop. Hold it till rm8.00. hehe .... support |
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Sep 21 2010, 12:18 PM
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Senior Member
4,518 posts Joined: Apr 2010
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Not expecting any significant turnaround in prices at least in the near term unless "surprise" upwards bias in the forthcoming Sept quarter results announcment.
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Sep 21 2010, 09:29 PM
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Junior Member
198 posts Joined: Mar 2009
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Will this stock reach rm8.00? Why?
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Sep 21 2010, 10:04 PM
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All Stars
10,125 posts Joined: Aug 2007
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Hey guys, I think the bullish side is over for SUPERMX.
Prices moved below 200MA, that is very bearish. Sell signal in, not buy. Price target: $3.70 |
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Sep 22 2010, 10:51 AM
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Junior Member
383 posts Joined: Aug 2010 From: Hamburg
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QUOTE(danmooncake @ Sep 21 2010, 10:04 PM) Hey guys, I think the bullish side is over for SUPERMX. do not always use technical indicators to predict market sentiments especially as the case for KLSePrices moved below 200MA, that is very bearish. Sell signal in, not buy. Price target: $3.70 » Click to show Spoiler - click again to hide... « this couldn't mean anything else |
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Sep 22 2010, 11:44 AM
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All Stars
17,100 posts Joined: Mar 2005
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agree agrre, cant agree more. klse is irrational with no directions in the trend. movement does not coincide nor agree with sector play, perhaps there is a new sector in play now .... the glc sector. haha ..... a new sector ?
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Sep 22 2010, 11:04 PM
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Senior Member
546 posts Joined: Dec 2009 From: Malaysia
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my charges is so high. average buy price 4.39 but breakeven at 4.47
sigh... ikan bilis life |
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Sep 23 2010, 09:11 AM
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Senior Member
1,307 posts Joined: Sep 2009
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QUOTE(Jtic @ Sep 22 2010, 11:04 PM) my charges is so high. average buy price 4.39 but breakeven at 4.47 U bought in few transactions and each transaction is less than RM2500?sigh... ikan bilis life This post has been edited by z21j: Sep 23 2010, 09:11 AM |
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Sep 23 2010, 05:44 PM
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Senior Member
4,518 posts Joined: Apr 2010
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There will be more freefall with more forced selling on the way.
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Sep 23 2010, 11:35 PM
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Junior Member
491 posts Joined: Jan 2005
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Supermax on superdive...................... RM 3.70 reacheable as dow go on correction. The shake up on the rubber glove industry has just begin.
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Sep 23 2010, 11:56 PM
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Junior Member
13 posts Joined: Mar 2007 From: KL/SG
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rm4.19....
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Sep 24 2010, 12:16 AM
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Junior Member
66 posts Joined: Jun 2008 From: seremban
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hi supermx buddy ~
today i m join u guy lo~ |
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Sep 24 2010, 10:27 AM
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Junior Member
383 posts Joined: Aug 2010 From: Hamburg
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QUOTE(kray_keigo @ Sep 24 2010, 12:16 AM) hi supermx buddy ~ i dumped all at 4.1 just nowtoday i m join u guy lo~ |
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Sep 24 2010, 10:43 AM
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Junior Member
271 posts Joined: Oct 2007
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QUOTE(amalthea @ Sep 24 2010, 10:27 AM) i dumped all at 4.1 just now on loss or profit ? |
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Sep 24 2010, 11:03 AM
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All Stars
10,125 posts Joined: Aug 2007
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Like I've said SELL signal is in. Very bearish and ugly looking chart.
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Sep 24 2010, 11:12 AM
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Junior Member
383 posts Joined: Aug 2010 From: Hamburg
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QUOTE(2611 @ Sep 24 2010, 10:43 AM) on loss or profit ? loss lah unker! |
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Sep 24 2010, 01:05 PM
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All Stars
11,058 posts Joined: Jun 2008
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QUOTE(amalthea @ Sep 24 2010, 10:27 AM) i dumped all at 4.1 just now HI YO, just got time to read your post. Now I also have to dump and suffer lost as least it is a small contra-lost. Guess my broker going to be rich in this round. |
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Sep 24 2010, 09:35 PM
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All Stars
17,100 posts Joined: Mar 2005
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it simply cant make a breakthrough in the morning!!!
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Sep 25 2010, 02:40 PM
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Senior Member
641 posts Joined: Jun 2009
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it's totally over sold, maybe can wait til the technical rebound to sell at a higher price.
my entry price is 5.65...damn |
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Sep 25 2010, 05:08 PM
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Junior Member
383 posts Joined: Aug 2010 From: Hamburg
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QUOTE(IGax2000 @ Sep 25 2010, 02:40 PM) it's totally over sold, maybe can wait til the technical rebound to sell at a higher price. you more my entry price is 5.65...damn than myselfhow many lots you bought? |
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Sep 25 2010, 06:05 PM
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Junior Member
491 posts Joined: Jan 2005
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Any of u guys know when technical rebound coming? Let's all of us here put our brains together and offer a solution of when to jump in b4 the boat leave.
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Sep 26 2010, 01:50 AM
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All Stars
12,698 posts Joined: Jun 2010 From: kuala lumpur
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OSK already response days ago with some lower TP etc., still not too bad.
Maybank looks bad on it. RHB, Alliance all response. Where is CIMB? Response yet?  |
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Sep 26 2010, 12:43 PM
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Junior Member
114 posts Joined: Mar 2010
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21 SEPT 2010 THE EDGE
KUALA LUMPUR: Glove manufacturers' share price declined on Bursa Malaysia after OSK Research downgraded the sector to neutral from overweight and said the rubber glove sector had been experiencing normalising demand since the start of 2H10 when the H1N1 pandemic lost its influence as a factor driving demand growth and as new capacity started to flood the market. It said on Tuesday, Sept 21 that as rubber glove manufacturers were unable to pass on to their customers all additional cost increases arising from higher latex prices and an unfavourable US dollar-ringgit exchange rate, most saw their margins as well as absolute bottom lines being compressed. At 11.20am, Top Glove fell 22 sen to RM5.58, Hartalega down 12 sen to RM4.58, Supermax lost six sen to RM4.29, Adventa fell three sen to RM2.44 while Kossan shed two sen to RM3.10. NO HAVE REBOUNCE FACTOR! minor rebounce wound't save bloody lost. |
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Sep 26 2010, 01:14 PM
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Junior Member
114 posts Joined: Mar 2010
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However due to DJ sammy Friday Rock,
SUPERmax also got big lot buy up monday will see some rebounce  Attached thumbnail(s) 
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Sep 26 2010, 11:29 PM
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Junior Member
105 posts Joined: Oct 2008
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according to my observations, the prices for rubber gloves stocks do rely on the demand and supply needed daily. few months back, i read an article that the nations are demanding for rubber gloves and the next day, the prices sky rocketed. now, i don't think there's season of demand for the rubber gloves unless an epidemic attack the whole world again which we wouldnt want.
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Sep 26 2010, 11:51 PM
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Junior Member
172 posts Joined: Jun 2009
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QUOTE(IGax2000 @ Sep 25 2010, 02:40 PM) it's totally over sold, maybe can wait til the technical rebound to sell at a higher price. wah, higher than my entry price. I enter when 4.89 , will you cut loss or hold on?my entry price is 5.65...damn |
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Sep 27 2010, 07:35 AM
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Senior Member
714 posts Joined: Jan 2009
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QUOTE(ekhoono @ Sep 26 2010, 12:43 PM) 21 SEPT 2010 THE EDGE got to have strong heart to hold man ... cause many negative news flowing in for rubber stock counter this month... KUALA LUMPUR: Glove manufacturers' share price declined on Bursa Malaysia after OSK Research downgraded the sector to neutral from overweight and said the rubber glove sector had been experiencing normalising demand since the start of 2H10 when the H1N1 pandemic lost its influence as a factor driving demand growth and as new capacity started to flood the market. It said on Tuesday, Sept 21 that as rubber glove manufacturers were unable to pass on to their customers all additional cost increases arising from higher latex prices and an unfavourable US dollar-ringgit exchange rate, most saw their margins as well as absolute bottom lines being compressed. At 11.20am, Top Glove fell 22 sen to RM5.58, Hartalega down 12 sen to RM4.58, Supermax lost six sen to RM4.29, Adventa fell three sen to RM2.44 while Kossan shed two sen to RM3.10. NO HAVE REBOUNCE FACTOR! minor rebounce wound't save bloody lost. the rest of the market like property counter and small cheap cents counters are coming in wave .. all my friends are avoiding rubber stock ... at the moment.. until clearer picture coming in please take care and cautious with it... |
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Sep 27 2010, 11:40 PM
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Senior Member
641 posts Joined: Jun 2009
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QUOTE(BrendaChee @ Sep 26 2010, 11:51 PM) wah, higher than my entry price. I enter when 4.89 , will you cut loss or hold on? see i live longer or it go bankrupt 1st lor the financial report still show a good sign.... i believe rebound from over sold just a matter of time...wait lor |
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Sep 28 2010, 12:02 AM
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Senior Member
546 posts Joined: Dec 2009 From: Malaysia
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adventa qtr report out. pretty handsome. shd have a look there. this may bring a little rebound on glove? no idea~
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Sep 29 2010, 06:20 AM
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Senior Member
4,966 posts Joined: Nov 2008
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Supermax expects RM1b sales this year
Published: 2010/09/28 SUPERMAX Corporation Bhd expects to achieve close to RM1 billion annual sales by the end of its current financial year ending Dec 31, 2010. Its executive chairman and group managing director Datuk Seri Stanley Thai, in stating this, said sales would be driven world demand and good marketing strategy. "This will an increase of 20 per cent from the previous year's annual sales of RM800,000," Thai said on the sidelines of the Fifth International Rubber Gloves Conference and Exhibition launch here today. He said by December this year, the group's installed capacity should be able to produce 17.5 billion pieces of gloves. Asked about the group's plans, Thai said the company was building its Glove City in Kapar, Klang, under a project costing RM400 million. "Phase one of the project is expected to be commissioned by the second half of next year," he said. The project will be funded by internal sources and is expected to be completed by 2020, Thai said. "Upon completion, Glove City will consist of six rubber glove manufacturing plants in which every plant can generate 4.1 billion pieces of gloves a year," he said. - BERNAMA Read more: Supermax expects RM1b sales this year http://www.btimes.com.my/articles/20100928.../#ixzz10rfNd1Jf First 2 quarters revenue 220652+ 234825 = 455477. So they are 45% from the full year revenue. That is revenue la. Profit is another thing of course. |
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Sep 29 2010, 12:35 PM
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All Stars
12,698 posts Joined: Jun 2010 From: kuala lumpur
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QUOTE(GregPG01 @ Sep 29 2010, 06:20 AM) Supermax expects RM1b sales this year you are right, revenue doesn't mean profit. Published: 2010/09/28 SUPERMAX Corporation Bhd expects to achieve close to RM1 billion annual sales by the end of its current financial year ending Dec 31, 2010. Its executive chairman and group managing director Datuk Seri Stanley Thai, in stating this, said sales would be driven world demand and good marketing strategy. "This will an increase of 20 per cent from the previous year's annual sales of RM800,000," Thai said on the sidelines of the Fifth International Rubber Gloves Conference and Exhibition launch here today. He said by December this year, the group's installed capacity should be able to produce 17.5 billion pieces of gloves. Asked about the group's plans, Thai said the company was building its Glove City in Kapar, Klang, under a project costing RM400 million. "Phase one of the project is expected to be commissioned by the second half of next year," he said. The project will be funded by internal sources and is expected to be completed by 2020, Thai said. "Upon completion, Glove City will consist of six rubber glove manufacturing plants in which every plant can generate 4.1 billion pieces of gloves a year," he said. - BERNAMA Read more: Supermax expects RM1b sales this year http://www.btimes.com.my/articles/20100928.../#ixzz10rfNd1Jf First 2 quarters revenue 220652+ 234825 = 455477. So they are 45% from the full year revenue. That is revenue la. Profit is another thing of course. however, since our major concern is capacity, so revenue does mean something. lets hope the sentiment can come back to glove. |
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Sep 29 2010, 03:20 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(yok70 @ Sep 29 2010, 12:35 PM) you are right, revenue doesn't mean profit. Revenue means little if company cannot make profit.however, since our major concern is capacity, so revenue does mean something. lets hope the sentiment can come back to glove. The worry on capacity is about over-capacity will lead to price war, and profit margin shrinking. |
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Sep 29 2010, 06:35 PM
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Junior Member
491 posts Joined: Jan 2005
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Stanley super forecast of increase sales is to stem decline in the rubberglove stock price. Nothing new. Ok see if next quarter results of supermax is closed and reliable to what he forecasted.
Often from experienced, especially in chicken feed business, stocks were delibrately sent to buyer without them ordering just to meet forecasts. In the end this high flyer chicken feed company closed shop. |
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Sep 30 2010, 03:01 AM
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All Stars
12,698 posts Joined: Jun 2010 From: kuala lumpur
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QUOTE(cherroy @ Sep 29 2010, 03:20 PM) Revenue means little if company cannot make profit. thanks for pointing that out. The worry on capacity is about over-capacity will lead to price war, and profit margin shrinking.  |
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Sep 30 2010, 07:59 PM
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Junior Member
114 posts Joined: Mar 2010
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Name Employees Provident Fund Board
Address Tingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur NRIC/Passport No/Company No. EPF Act 1991 Nationality/Country Of Incorporation. Malaysia Descriptions(Class & Nominal Value) Ordinary Shares of RM0.50 each Date Of Cessation Sep 24, 2010 Name & Address Of Registered Holder Employees Provident Fund Board of Tingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur (2,000,000) Details of changes Type of transaction Acquired Date of change Sep 23, 2010 No of securities 2,000,000 Circumstances by reason of which change has occurred Purchase of shares from open market Nature Of Interest Direct Direct (units) Direct (%) Indirect/deemed interest (units) Indirect/deemed interest (%) Total no of securities after change 28,816,900 Date of notice Sep 30, 2010 Remarks: (1) Employees Provident Fund Board - 25,987,600(2) AmInvestment Management Sdn. Bhd. - 1,250,000(3) Amundi Malaysia Sdn. Bhd. - 945,000(4) BNP Paribas Asset Management Malaysia Sdn. Bhd.- 34,300(5) Mayban Investment Management Sdn. Bhd. - 600,000Supermax Corporation Berhad received the Form 29B dated 24 September 2010 fromEmployees Provident Fund Board on 30 September 2010 EPF KEEPON BUYING Goods news to come? |
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Sep 30 2010, 08:08 PM
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Junior Member
236 posts Joined: Jul 2006
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QUOTE(ekhoono @ Sep 30 2010, 07:59 PM) Name Employees Provident Fund Board haha... i hope.. but why keep heading south ? Address Tingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur NRIC/Passport No/Company No. EPF Act 1991 Nationality/Country Of Incorporation. Malaysia Descriptions(Class & Nominal Value) Ordinary Shares of RM0.50 each Date Of Cessation Sep 24, 2010 Name & Address Of Registered Holder Employees Provident Fund Board of Tingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur (2,000,000) Details of changes Type of transaction Acquired Date of change Sep 23, 2010 No of securities 2,000,000 Circumstances by reason of which change has occurred Purchase of shares from open market Nature Of Interest Direct Direct (units) Direct (%) Indirect/deemed interest (units) Indirect/deemed interest (%) Total no of securities after change 28,816,900 Date of notice Sep 30, 2010 Remarks: (1) Employees Provident Fund Board - 25,987,600(2) AmInvestment Management Sdn. Bhd. - 1,250,000(3) Amundi Malaysia Sdn. Bhd. - 945,000(4) BNP Paribas Asset Management Malaysia Sdn. Bhd.- 34,300(5) Mayban Investment Management Sdn. Bhd. - 600,000Supermax Corporation Berhad received the Form 29B dated 24 September 2010 fromEmployees Provident Fund Board on 30 September 2010 EPF KEEPON BUYING Goods news to come? |
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Sep 30 2010, 08:31 PM
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All Stars
17,100 posts Joined: Mar 2005
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i really hope so. lets hope that it will take a BIG U-turn to the north ... make sure its to the NORTH !!! cant tahan ady ....
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Sep 30 2010, 11:38 PM
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Junior Member
8 posts Joined: Feb 2010
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QUOTE(mikehwy @ Sep 30 2010, 08:31 PM) i really hope so. lets hope that it will take a BIG U-turn to the north ... make sure its to the NORTH !!! cant tahan ady .... |
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Oct 1 2010, 02:04 AM
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All Stars
10,125 posts Joined: Aug 2007
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Just keep selling till you see an uptick candlestick.
Now we know their "intended" sales forecast are nothing but BS, because they have to issue clarification to Bursa. This post has been edited by danmooncake: Oct 1 2010, 02:07 AM |
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Oct 1 2010, 11:06 AM
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Senior Member
1,616 posts Joined: Aug 2010
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On BFM radio, news reports blame the heavy laosai on the recent bonus issue
 I thought it was overcapacity concerns? |
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Oct 1 2010, 11:31 AM
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Senior Member
1,022 posts Joined: Mar 2006
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QUOTE(Currylaksa @ Oct 1 2010, 11:06 AM) On BFM radio, news reports blame the heavy laosai on the recent bonus issue It's in the Star I thought it was overcapacity concerns? Thai blames bonus issues for share price falls This post has been edited by kroegand: Oct 1 2010, 11:32 AM |
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Oct 1 2010, 01:31 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(Currylaksa @ Oct 1 2010, 11:06 AM) On BFM radio, news reports blame the heavy laosai on the recent bonus issue It is the downgrade that prompt the recent fall due to potential overcapacity which soon coming online as well as USD depreciation issue.I thought it was overcapacity concerns? Do remember fund managers do follow such rating to invest around. |
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Oct 1 2010, 02:56 PM
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Junior Member
33 posts Joined: Dec 2005
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just restocking at 3.83 go go go
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Oct 1 2010, 03:42 PM
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Senior Member
1,022 posts Joined: Mar 2006
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QUOTE(guymarmalade @ Oct 1 2010, 02:56 PM) just restocking at 3.83 go go go gud luck to you ... |
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Oct 1 2010, 04:48 PM
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All Stars
17,100 posts Joined: Mar 2005
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i got him i got him !!! wa ka ka .....
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Oct 1 2010, 11:26 PM
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Senior Member
1,616 posts Joined: Aug 2010
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QUOTE(guymarmalade @ Oct 1 2010, 02:56 PM) just restocking at 3.83 go go go Your timing is god-like |
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Oct 3 2010, 11:02 AM
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All Stars
17,100 posts Joined: Mar 2005
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if comes moday there is an uptrend for the rubbers, perhaps it shows sign of oversold, and they go upwards again ? .... i got to hope so. anyone?
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Oct 3 2010, 10:10 PM
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Senior Member
4,966 posts Joined: Nov 2008
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QUOTE(kroegand @ Oct 1 2010, 11:31 AM) Thai blames bonus issues for share price falls = BS |
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Oct 4 2010, 12:11 AM
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Junior Member
327 posts Joined: Apr 2009
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QUOTE(mikehwy @ Oct 3 2010, 11:02 AM) if comes moday there is an uptrend for the rubbers, perhaps it shows sign of oversold, and they go upwards again ? .... i got to hope so. anyone? It's still too early to say if the stock will U-turn. But it's selling at an attractive valuation now. The best strategy will be to buy in stages. |
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Oct 4 2010, 02:26 AM
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Junior Member
62 posts Joined: Mar 2010
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Supermax...
  http://www.kwongwah.com.my/news/2010/10/03/29.html so what will happen 2molo? ==================== http://1klse.blogspot.com/ ==================== |
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Oct 4 2010, 03:55 AM
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Senior Member
7,960 posts Joined: Dec 2007 From: Kuala Lumpur
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OMG.... Superman.. under.. fire.. O_o
seems like gloves factory catches fire easily =/ last year was Kossan, now Supermax... 二零一零年å月三日 上åˆå一时七分 = 2010/Oct/03 11:07 AM.... i cant find other sources to read abt this probably need to wait till tomorrow.. This post has been edited by mopster: Oct 4 2010, 04:02 AM |
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Oct 4 2010, 04:01 AM
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All Stars
12,698 posts Joined: Jun 2010 From: kuala lumpur
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QUOTE(mopster @ Oct 4 2010, 03:55 AM) OMG.... Superman.. under.. fire.. O_o 一波未平，一波åˆèµ·ã€‚ 二零一零年å月三日 上åˆå一时七分 = 2010/Oct/03 11:07 AM.... i cant other sources to read abt this |
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Oct 4 2010, 08:54 AM
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All Stars
17,100 posts Joined: Mar 2005
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analysts from sin chew predicts target prices at, rm6.80 and 7.60 ... wow !!!
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Oct 4 2010, 09:20 AM
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All Stars
12,698 posts Joined: Jun 2010 From: kuala lumpur
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QUOTE(mikehwy @ Oct 4 2010, 08:54 AM) analysts from sin chew predicts target prices at, rm6.80 and 7.60 ... wow !!! today's paper? since can't find it online. |
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Oct 4 2010, 09:58 AM
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All Stars
17,100 posts Joined: Mar 2005
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sin chew newspaper, financial section. although many analyss have been downgrading due to lowre demand and unfavourable forex, still some are more upbeat now ....
rubbers ... go go go !!! |
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Oct 4 2010, 10:35 AM
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All Stars
12,698 posts Joined: Jun 2010 From: kuala lumpur
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QUOTE(mikehwy @ Oct 4 2010, 09:58 AM) sin chew newspaper, financial section. although many analyss have been downgrading due to lowre demand and unfavourable forex, still some are more upbeat now .... cool! rubbers ... go go go !!! |
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Oct 4 2010, 11:37 AM
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Junior Member
383 posts Joined: Aug 2010 From: Hamburg
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glad i am still holding some
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Oct 4 2010, 11:17 PM
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Junior Member
327 posts Joined: Apr 2009
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QUOTE(mopster @ Oct 4 2010, 03:55 AM) OMG.... Superman.. under.. fire.. O_o Probably someone is burning it down to reduce over-supply of rubber gloves in the market.. seems like gloves factory catches fire easily =/ last year was Kossan, now Supermax... 二零一零年å月三日 上åˆå一时七分 = 2010/Oct/03 11:07 AM.... i cant find other sources to read abt this probably need to wait till tomorrow.. This post has been edited by DanielW: Oct 4 2010, 11:18 PM |
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Oct 5 2010, 06:11 AM
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All Stars
10,125 posts Joined: Aug 2007
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QUOTE(DanielW @ Oct 4 2010, 11:17 PM) Probably someone is burning it down to reduce over-supply of rubber gloves in the market.. Could be.. In that case, time actually to buy TOPGLOV (not SUPERMX) This post has been edited by danmooncake: Oct 5 2010, 06:14 AM |
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Oct 5 2010, 06:58 AM
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All Stars
17,100 posts Joined: Mar 2005
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topglove shd always be the major choice for the rubber exposure?
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Oct 5 2010, 06:35 PM
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All Stars
17,053 posts Joined: Jan 2003
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QUOTE(mikehwy @ Oct 5 2010, 06:58 AM) topglove shd always be the major choice for the rubber exposure? Maybe it's because topglove is the market leader? |
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Oct 5 2010, 08:24 PM
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All Stars
17,100 posts Joined: Mar 2005
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i personally think that tglove is the best bet at the time being. hope i am right ... else ... OMG le
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Oct 5 2010, 10:16 PM
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Senior Member
4,526 posts Joined: Mar 2006
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you guys missed the ride...
latexx was behind |
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Oct 6 2010, 01:00 AM
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All Stars
17,100 posts Joined: Mar 2005
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QUOTE(JamesPond @ Oct 5 2010, 10:16 PM) you guys missed the ride... i hv been bleeding for latexx for long long time. dint let go at rm4.40. hope tglove can help to recoverlatexx was behind |
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Oct 6 2010, 07:27 PM
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Junior Member
383 posts Joined: Aug 2010 From: Hamburg
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supermax up people dun wanna talk
Added on October 6, 2010, 7:28 pmtomolo down sad people will start posting here This post has been edited by amalthea: Oct 6 2010, 07:28 PM |
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Oct 6 2010, 09:05 PM
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Senior Member
641 posts Joined: Jun 2009
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quite optimistic on supermx performance tomolo, who said? ME!!
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Oct 6 2010, 11:49 PM
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All Stars
17,100 posts Joined: Mar 2005
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all rubber counters seemes oversold? they have to play catch up with the KLCI. go go go ....
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Oct 7 2010, 11:41 AM
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Junior Member
383 posts Joined: Aug 2010 From: Hamburg
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QUOTE(IGax2000 @ Oct 6 2010, 09:05 PM) quite optimistic on supermx performance tomolo, who said? ME!! quoted |
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Oct 11 2010, 08:01 PM
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Junior Member
236 posts Joined: Jul 2006
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today the stock up ! why r ?
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Oct 11 2010, 09:41 PM
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All Stars
12,698 posts Joined: Jun 2010 From: kuala lumpur
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QUOTE(max2k @ Oct 11 2010, 08:01 PM) today the stock up ! why r ? you don't like? |
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Oct 11 2010, 10:24 PM
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Junior Member
327 posts Joined: Apr 2009
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QUOTE(max2k @ Oct 11 2010, 08:01 PM) today the stock up ! why r ? Could be temporary rise only.."The strengthening ringgit, rising latex prices and overcapacity in the industry are expected to translate into thinner margins for Malaysian rubber glove manufacturers." http://www.theedgemalaysia.com/business-ne...e-ijm-land.html |
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Oct 11 2010, 10:32 PM
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Junior Member
225 posts Joined: Mar 2010 From: nipporn
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QUOTE(DanielW @ Oct 11 2010, 10:24 PM) Could be temporary rise only.. so bila balu mau masok? wait until usd strengthened, lower latex price or high demand balu mau masok? guide me pls "The strengthening ringgit, rising latex prices and overcapacity in the industry are expected to translate into thinner margins for Malaysian rubber glove manufacturers." http://www.theedgemalaysia.com/business-ne...e-ijm-land.html |
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Oct 12 2010, 04:36 PM
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Junior Member
327 posts Joined: Apr 2009
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QUOTE(Heihachi777 @ Oct 11 2010, 10:32 PM) so bila balu mau masok? wait until usd strengthened, lower latex price or high demand balu mau masok? guide me pls I think it's gonna take years for USD to be strengthened since they print so much money already..demand won't suddenly go high unless there is H2N2 outbreak Lower latex price is possible because the price of this commodity is always volatile. Another positive factor will be reduction of overcapacity problem which this industry is facing now, as well as better management of cost. Wait for the next quarter earnings report in 3 months time. |
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Oct 13 2010, 10:01 PM
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All Stars
17,100 posts Joined: Mar 2005
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i guess its still a decent stock to observe?
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Oct 13 2010, 10:31 PM
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Junior Member
236 posts Joined: Jul 2006
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QUOTE(mikehwy @ Oct 13 2010, 10:01 PM) i guess its still a decent stock to observe? i beleive so.. look at all glove counter today... all head green.. ! |
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Oct 14 2010, 02:23 AM
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Senior Member
4,526 posts Joined: Mar 2006
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i hope to see it red again..
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Oct 14 2010, 03:45 AM
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Senior Member
2,850 posts Joined: Aug 2006 From: Stellar Nursery
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Up people quiet, it's not like retail investors exert any meaningful influence in Bursa.
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Oct 14 2010, 04:25 AM
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All Stars
12,698 posts Joined: Jun 2010 From: kuala lumpur
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QUOTE(Polaris @ Oct 14 2010, 03:45 AM) Up people quiet, it's not like retail investors exert any meaningful influence in Bursa. Let me sing a song now. This post has been edited by yok70: Oct 14 2010, 04:25 AM |
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Dec 14 2010, 09:32 AM
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Newbie
4 posts Joined: Nov 2010
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Supermx wait for good news......
All the best... This post has been edited by money_man85: Dec 14 2010, 08:41 PM |
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Dec 14 2010, 06:29 PM
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All Stars
12,698 posts Joined: Jun 2010 From: kuala lumpur
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Good news.
Supermax to get foreign investors. Read the paper attached. Attached File(s)
Supermax_20101214_ADR.pdf ( 201.18k )
Number of downloads: 51 |
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Jan 7 2011, 02:44 PM
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Junior Member
82 posts Joined: Jan 2011
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Very nice! Yesterday +0.2xx, till afternoon today, +0.1xx.
It's catching up |
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Jan 7 2011, 03:02 PM
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Senior Member
5,291 posts Joined: Dec 2004 From: I Luv Msia
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QUOTE(newbie_trader @ Jan 7 2011, 02:44 PM) Very nice! Yesterday +0.2xx, till afternoon today, +0.1xx. now 4.43, what is happening? other glove counters r not that furiousIt's catching up |
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Jan 7 2011, 03:56 PM
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Junior Member
112 posts Joined: Apr 2008
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any chance rm5.50? by next week?
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Jan 7 2011, 04:06 PM
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Senior Member
5,291 posts Joined: Dec 2004 From: I Luv Msia
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QUOTE(highlander124 @ Jan 7 2011, 03:56 PM) any chance rm5.50? by next week? hopefully my strategy now is cut loss dun cut profit, use trailing stop, let the profit rolls  |
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Jan 7 2011, 05:17 PM
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Junior Member
118 posts Joined: Nov 2007
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everything is possible is such bullish market...
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Jan 7 2011, 05:25 PM
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Junior Member
82 posts Joined: Jan 2011
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looks like there is resistance at 4.80, if can clear this, looks like can reach 6.50, if clear this then 7.50?
anyone know when supermax declare dividend? Q4 dividend not out yet.. |
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Jan 7 2011, 08:04 PM
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Junior Member
732 posts Joined: Jul 2010
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Ive spoken to a latex supplier, presumeably the largest in Msia & Thailand, he actually told Stanley go fly kite when Stan wanted to buy more latex. This is bcos when Stan wants to buy, he'll call personally. When time to pay, Stan will not answer call & giving esok lusa excuses. But then again, this is between buyer & supplier, y do we care
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Feb 14 2011, 04:24 PM
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Junior Member
82 posts Joined: Jan 2011
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Feb 14 2011, 04:27 PM
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All Stars
13,681 posts Joined: Mar 2006
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QUOTE(newbie_trader @ Feb 14 2011, 04:24 PM) Very less |
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Feb 14 2011, 04:41 PM
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Junior Member
82 posts Joined: Jan 2011
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QUOTE(StupidGuyPlayComp @ Feb 14 2011, 04:27 PM) Very less |
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Feb 14 2011, 04:44 PM
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All Stars
13,681 posts Joined: Mar 2006
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QUOTE(newbie_trader @ Feb 14 2011, 04:41 PM) yeah.. looks like no one goreng this counter yet.. profit lower and lower, how to goreng?only can hope 2nd half of the year, the latexx price can drop |
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Feb 14 2011, 09:14 PM
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All Stars
12,698 posts Joined: Jun 2010 From: kuala lumpur
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Rubber gloves manufacturer Supermax Corporation Bhd expects to rake in an earnings growth of between 15-20 per cent for the financial year 2011, supported by its planned capacity growth and varying of product mix, in line with market demand.
To support the growing demand globally, Supermax said it will fast track the construction of a new plant in Meru, while rebuilding its Sg Buloh plant into a full surgical glove production facility. Once completed, the Sg Buloh plant will increase its surgical glove capacity by more than 10-fold, it said in a statement today. - Bernama |
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Feb 14 2011, 10:18 PM
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Junior Member
62 posts Joined: Mar 2010
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QUOTE(yok70 @ Feb 14 2011, 09:14 PM) Rubber gloves manufacturer Supermax Corporation Bhd expects to rake in an earnings growth of between 15-20 per cent for the financial year 2011, supported by its planned capacity growth and varying of product mix, in line with market demand. Supermax 4Q earnings fall 24.8pct on high latex prices, unfavourable forex To support the growing demand globally, Supermax said it will fast track the construction of a new plant in Meru, while rebuilding its Sg Buloh plant into a full surgical glove production facility. Once completed, the Sg Buloh plant will increase its surgical glove capacity by more than 10-fold, it said in a statement today. - Bernama KUALA LUMPUR: Supermax Corp Bhd saw its earnings decline by 24.8% from RM43.54 million to RM32.72 million in the fourth quarter ended Dec 31, 2010 due to the continuous high latex prices and unfavourable exchange rates. The rubber glove maker said on Monday, Feb 14 its revenue rose 18.4% from RM196.42 million to RM232.67 million. Its earnings per share were 9.62 sen versus 16.22 sen. It proposed a dividend of 5% per share. The 4Q earnings also showed a decline of 14.3% from the third quarter net profit of RM38.14 million. “The rising latex costs and the weakening of the US dollar can pose a challenge but nevertheless manageable as management has the experience to tackle the headwinds and minimise their effects,†it said. Supermax said as glove prices increase in tandem with latex price increase and the management had taken steps to adjust glove price on a more regular basis to pass through the cost increases. For the financial year ended Dec 31, 2010, its earnings rose 32.8% from RM126.58 million to RM168.16 million while revenue increased 14.8% from RM803.63 million to RM932.25 million. Supermax said the group managed to achieve the profit guidance for FY10 as set out early last year despite the difficult operating environment. “Moving forward, we expect demand to remain strong, driven by new usages for gloves, rising demand from developing countries that are growing more affluent and spending more on healthcare and more and more countries regulating their healthcare industry,†it said. http://www.theedgemalaysia.com/business/18...able-forex.html |
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Feb 15 2011, 04:41 PM
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All Stars
12,698 posts Joined: Jun 2010 From: kuala lumpur
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Alex just wrote on Supermax:
Supermx has just announced its results for 4Q2010 ended 31/12/2010. Its net profit for QE31/12/2010 dropped 14% q-o-q or 26% y-o-y to RM32.7 million while turnover was marginally lower q-o-q but still grew by 18.5% y-o-y to RM233 million. The drop in its net profit was attributable to higher latex cost & weakening US dollar. Valuation Supermx (closed at RM4.25 yesterday) is now trading at a PE of 8.5 times (based on last 4 quarters' EPS of 50 sen). At this PE multiple, Supermx is deemed fairly attractive. Technical Outlook Supermx peaked at RM6.60 in July 2010. After a short decline, its price movement over the past 4 months is trapped within a symmetrical triangle, with support & resistance presently at RM4.10 & RM4.70. Given the continued slide in its bottom-line, we are likely to see a test of the RM4.10 support on Wednesday (when the market re-opened). A break below this support could send the share price to the horizontal support at RM3.70 or even RM3.25. However, the attractive valuation of the stock should give investors some incentive to slowly nibble into the stock. I believe the stock would be well-supported at RM4.00-4.10. A momentary drop to RM3.70 is possible & that could be a good entry level for the stock for now. Conclusion Despite the continued slide in its bottom-line, I would rate Supermx as a HOLD due to its fairly attractively valuation. http://nexttrade.blogspot.com/2011/02/supe...pped-again.html |
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Feb 15 2011, 07:12 PM
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Senior Member
2,211 posts Joined: Sep 2009 From: Kuala Lumpur
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QUOTE(yok70 @ Feb 15 2011, 04:41 PM) Alex just wrote on Supermax: This report by the star don't paint a very nice pictureSupermx has just announced its results for 4Q2010 ended 31/12/2010. Its net profit for QE31/12/2010 dropped 14% q-o-q or 26% y-o-y to RM32.7 million while turnover was marginally lower q-o-q but still grew by 18.5% y-o-y to RM233 million. The drop in its net profit was attributable to higher latex cost & weakening US dollar. Valuation Supermx (closed at RM4.25 yesterday) is now trading at a PE of 8.5 times (based on last 4 quarters' EPS of 50 sen). At this PE multiple, Supermx is deemed fairly attractive. Technical Outlook Supermx peaked at RM6.60 in July 2010. After a short decline, its price movement over the past 4 months is trapped within a symmetrical triangle, with support & resistance presently at RM4.10 & RM4.70. Given the continued slide in its bottom-line, we are likely to see a test of the RM4.10 support on Wednesday (when the market re-opened). A break below this support could send the share price to the horizontal support at RM3.70 or even RM3.25. However, the attractive valuation of the stock should give investors some incentive to slowly nibble into the stock. I believe the stock would be well-supported at RM4.00-4.10. A momentary drop to RM3.70 is possible & that could be a good entry level for the stock for now. Conclusion Despite the continued slide in its bottom-line, I would rate Supermx as a HOLD due to its fairly attractively valuation. http://nexttrade.blogspot.com/2011/02/supe...pped-again.html http://biz.thestar.com.my/news/story.asp?f...61&sec=business |
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Feb 16 2011, 12:45 AM
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All Stars
12,698 posts Joined: Jun 2010 From: kuala lumpur
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QUOTE(rosdi1 @ Feb 15 2011, 07:12 PM) This report by the star don't paint a very nice picture This post is just a combination of various articles/papers, not a true write up. http://biz.thestar.com.my/news/story.asp?f...61&sec=business Buy when everyone else fear....haha! Do you think supermax/topglove have reached their bottom? If so, it's time to buy and hold for 6 months to get the reward. |
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Feb 17 2011, 01:34 PM
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Junior Member
82 posts Joined: Jan 2011
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May 16 2011, 01:34 PM
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Senior Member
1,732 posts Joined: Mar 2009
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Time to put this stock into monitoring.
My entry price would be 3.8x. Holding period : 100 days Capital appreciation: 10-15 % my 2 cents. Attached File(s)
Supermax_1QFY11_Results_Review_20110516_OSK.pdf ( 84.14k )
Number of downloads: 27 |
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May 16 2011, 01:39 PM
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Junior Member
82 posts Joined: Jan 2011
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QUOTE(andrewckj @ May 16 2011, 01:34 PM) Time to put this stock into monitoring. Hope the latex price and forex will improve. Currently I am underwater too. My entry was 4.09.My entry price would be 3.8x. Holding period : 100 days Capital appreciation: 10-15 % my 2 cents. On a positive note, the revenue did increase.. Added on May 16, 2011, 1:41 pmI am targetting 4.5x. Do you think that is too optimistic. This post has been edited by newbie_trader: May 16 2011, 01:41 PM |
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May 16 2011, 01:43 PM
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Senior Member
1,732 posts Joined: Mar 2009
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QUOTE(newbie_trader @ May 16 2011, 01:39 PM) Hope the latex price and forex will improve. Currently I am underwater too. My entry was 4.09. 4.50 is achievable, it's not a question on can or cannot, but when. When latex price go down and the continuation of USD to strengthen, we will see this stock surge. Don't forget too, if got any outbreaks of disease, this stock will soar as well On a positive note, the revenue did increase.. Added on May 16, 2011, 1:41 pmI am targetting 4.5x. Do you think that is too optimistic. |
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May 16 2011, 02:11 PM
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Senior Member
851 posts Joined: Jan 2003 From: Anywhere
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QUOTE(andrewckj @ May 16 2011, 01:43 PM) 4.50 is achievable, it's not a question on can or cannot, but when. When latex price go down and the continuation of USD to strengthen, we will see this stock surge. Don't forget too, if got any outbreaks of disease, this stock will soar as well Same here...targeting 4.50 ...entry price 4.07... |
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May 16 2011, 02:42 PM
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Senior Member
1,082 posts Joined: Mar 2009
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3.8x good price to enter???
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May 16 2011, 02:54 PM
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Senior Member
1,256 posts Joined: Nov 2004
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From Mr Alex:
"Based on deteriorating financial performance & poor technical outlook, I would rate Supermx as an AVOID for those currently looking to buy the stock or to REDUCE for those currently holding the stock. However, the stock is not grossly overvalued and it could benefit from any decline in the cost of rubber latex as well as strengthening of the USD. " |
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May 16 2011, 04:07 PM
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Senior Member
1,732 posts Joined: Mar 2009
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QUOTE(Junior83 @ May 16 2011, 02:54 PM) From Mr Alex: Which Mr Alex? "Based on deteriorating financial performance & poor technical outlook, I would rate Supermx as an AVOID for those currently looking to buy the stock or to REDUCE for those currently holding the stock. However, the stock is not grossly overvalued and it could benefit from any decline in the cost of rubber latex as well as strengthening of the USD. " |
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May 16 2011, 04:20 PM
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Junior Member
82 posts Joined: Jan 2011
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pardon me, but who is Mr. Alex? Any blog or link?
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May 16 2011, 04:32 PM
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Senior Member
1,256 posts Joined: Nov 2004
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QUOTE(newbie_trader @ May 16 2011, 04:20 PM) pardon me, but who is Mr. Alex? Any blog or link? http://nexttrade.blogspot.com/2011/05/supe...high-latex.htmlBare in mind. this is TA. Refer at ur own risk |
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May 16 2011, 06:05 PM
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Senior Member
1,732 posts Joined: Mar 2009
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QUOTE(Junior83 @ May 16 2011, 04:32 PM) http://nexttrade.blogspot.com/2011/05/supe...high-latex.html Yes, it is TA, but base on the TA, the price should drop further to 3.70 msybe to 3.60. It is achievable and might not before the next uptrend. However, I would like to invest in this company base on fundamental. I will enter when it hit 3.80, see if it is achievable on Wednesday.Bare in mind. this is TA. Refer at ur own risk |
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May 17 2011, 08:34 PM
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Senior Member
2,020 posts Joined: Oct 2006
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QUOTE(andrewckj @ May 16 2011, 04:07 PM) Which Mr Alex? Alex Lu is a remisier for Kenanga Investment Bank. He is the author of NEXTTRADE blog. |
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May 18 2011, 12:38 AM
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Senior Member
1,385 posts Joined: Mar 2008
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I am currently stuck at this share as well. bought @3.93. Anybody else stuck? but its at stop loss lvl now. i am thinking whether to cut.
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May 18 2011, 04:58 AM
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Senior Member
1,732 posts Joined: Mar 2009
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QUOTE(Mikiyo @ May 18 2011, 12:38 AM) I am currently stuck at this share as well. bought @3.93. Anybody else stuck? but its at stop loss lvl now. i am thinking whether to cut. You bought at 3.93? Quite a good entry price what. Why thinking to cut so fast? It is trading at 3.88 now. How much you set for your stop loss trade each time? |
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May 18 2011, 10:53 AM
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Elite
5,784 posts Joined: Jan 2003 From: Shah Alam 
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QUOTE(Mikiyo @ May 18 2011, 12:38 AM) I am currently stuck at this share as well. bought @3.93. Anybody else stuck? but its at stop loss lvl now. i am thinking whether to cut. Y? if u know that the fundamental of this stock is good..just keep it.. |
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May 18 2011, 10:55 AM
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Senior Member
905 posts Joined: Sep 2010
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QUOTE(Mikiyo @ May 18 2011, 12:38 AM) I am currently stuck at this share as well. bought @3.93. Anybody else stuck? but its at stop loss lvl now. i am thinking whether to cut. Bought at RM3.93 and thinking to cut loss at RM3.8X?^^" So fast... Haha... |
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May 25 2011, 01:02 PM
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Senior Member
1,732 posts Joined: Mar 2009
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Still hovering 3.8x. I'm still on the sideline. Just read this announcement.
Announcement Subject : DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS OUTSIDE CLOSED PERIOD Description : Notification by the Director of Supermax Corporation Berhad ("Supermax" or "the Company') pursuant to Rule 14.09 of the Listing Requirements of Bursa Malaysia Securities Berhad for the Main Market Announcement Details/Table Section : Pursuant to Rule 14.09 of the Listing Requirements of Bursa Malaysia Securities Berhad for the Main Market, the Board of Directors of Supermax wishes to announce that the Company had received notification from the following Director of the Company of his dealings in securities outside closed period, the details of which are as set out in the Table below:- Name of Director Rashid Bin Bakar 18.05.2011 Disposed 100,000 units @ 3.882 19.05.2011 Disposed 9,200 units @ 3.88 20.05.2011 Disposed 90,800 units @3.94 Added on May 31, 2011, 7:20 pmI'm already on board @ 3.6x. Good luck to me. Added on June 9, 2011, 2:45 am QUOTE(andrewckj @ May 25 2011, 01:02 PM) Still hovering 3.8x. I'm still on the sideline. Just read this announcement. Has been in uptrending since it's lowly traded at 3.60. Hopefully we can see a RM 4 real soon. I'm positive on this counter!Announcement Subject : DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS OUTSIDE CLOSED PERIOD Description : Notification by the Director of Supermax Corporation Berhad ("Supermax" or "the Company') pursuant to Rule 14.09 of the Listing Requirements of Bursa Malaysia Securities Berhad for the Main Market Announcement Details/Table Section : Pursuant to Rule 14.09 of the Listing Requirements of Bursa Malaysia Securities Berhad for the Main Market, the Board of Directors of Supermax wishes to announce that the Company had received notification from the following Director of the Company of his dealings in securities outside closed period, the details of which are as set out in the Table below:- Name of Director Rashid Bin Bakar 18.05.2011 Disposed 100,000 units @ 3.882 19.05.2011 Disposed 9,200 units @ 3.88 20.05.2011 Disposed 90,800 units @3.94 Added on May 31, 2011, 7:20 pmI'm already on board @ 3.6x. Good luck to me. This post has been edited by andrewckj: Jun 9 2011, 02:45 AM |
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Nov 1 2011, 03:52 PM
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Junior Member
50 posts Joined: Oct 2011
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supermx now issue 1 to1 bonus issue and also buy back 10% share Supermax plans 1-for-1 bonus issue, share buy-back |
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Nov 1 2011, 11:00 PM
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Junior Member
35 posts Joined: Jan 2011
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Will this stock go higher tmw?? plannin to grab some.....
QUOTE(jingxianho @ Nov 1 2011, 03:52 PM) supermx now issue 1 to1 bonus issue and also buy back 10% share Supermax plans 1-for-1 bonus issue, share buy-back |
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Nov 3 2011, 08:52 PM
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Newbie
2 posts Joined: Nov 2005
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QUOTE(jingxianho @ Nov 1 2011, 03:52 PM) supermx now issue 1 to1 bonus issue and also buy back 10% share May I know what does this mean?Supermax plans 1-for-1 bonus issue, share buy-back |
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Nov 4 2011, 09:29 AM
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Senior Member
1,886 posts Joined: Jan 2005 From: world above you
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QUOTE(borntoruin @ Nov 3 2011, 08:52 PM) May I know what does this mean? It's basically the same thing. Say u hold 100 shares at rm4.00/share (for eg.) thn upon bonus issue 1 for 1. U'd get additional 100 shares upon the exercise date. So total u have 200 shares! But the price would be rm2.00/share. your net effect would still be the same. The share buy back would mean The company whn favorable will buy back it's shares to increase earnings per share for its shareholders meaning the company has no better avenue of increasing returns for the company. So it's kinda like an alternative to make the shareholders happy. But if u ask me. Stay away whn it's gonna exercise. Glomac and tenaga are a few examples. See the trend. Thy push it up thn whn bonus issue it jus comes falling down. Glomac does share buy back pretty extensively. Your call |
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Nov 5 2011, 07:40 PM
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Senior Member
2,455 posts Joined: Aug 2008 From: Malaysia 
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QUOTE(ruztynail @ Nov 4 2011, 09:29 AM) It's basically the same thing. Say u hold 100 shares at rm4.00/share (for eg.) thn upon bonus issue 1 for 1. U'd get additional 100 shares upon the exercise date. So total u have 200 shares! But the price would be rm2.00/share. your net effect would still be the same. The share buy back would mean The company whn favorable will buy back it's shares to increase earnings per share for its shareholders meaning the company has no better avenue of increasing returns for the company. So it's kinda like an alternative to make the shareholders happy. hi just a question, when it's 10% buyback share. How do I calculate it ?But if u ask me. Stay away whn it's gonna exercise. Glomac and tenaga are a few examples. See the trend. Thy push it up thn whn bonus issue it jus comes falling down. Glomac does share buy back pretty extensively. Your call 10% increase of my current share price ? or their cap amount of buyback is 10% of all SUPERMAX share units in the market This post has been edited by bennike129: Nov 5 2011, 07:41 PM |
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Nov 8 2011, 09:54 AM
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Junior Member
50 posts Joined: Oct 2011
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CIMB Research has a technical sell on Supermax Corp at RM3.62 at which it is trading at a FY12 price-to-earnings of 9.1 times and price-to-book value of 1.6 times.
It said on Tuesday the rebound has taken prices back up to retest the previous support turned resistance levels. CIMB Research has technical buy on Supermax Added on November 14, 2011, 2:39 pmSupermax Corp rose to a four-month high in Kuala Lumpur trading and Top Glove Corp climbed after OSK Holdings Bhd said the two Malaysian glove-makers will benefit most from the recent drop in latex prices. Supermax, Top Glove up as latex prices fall This post has been edited by jingxianho: Nov 14 2011, 02:39 PM |
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Nov 14 2011, 05:39 PM
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Junior Member
132 posts Joined: Oct 2011
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The Thailand’s worst flooding in five decades has had little impact on rubber supply, as many factories, plantations and trading are located in the south, which has not been affected by the deluge.
Good luck, Supermax. http://klse.i3investor.com/servlets/fdnews/204340.jsp SUPERMX Supermax Corp rose to a four-month high in Kuala Lumpur trading and Top Glove Corp climbed after OSK Holdings Bhd said the two Malaysian glove-makers will benefit most from the recent drop in latex prices. Supermax gained 1.3 percent to RM3.86 at 11:27 a.m. local time, set for its highest close since July 7. Top Glove added 1.8 percent to RM4.50, the highest since Sept. 9. The longer-term downtrend in latex prices is likely to be sustained, OSK wrote in a report today. -- Bloomberg |
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Nov 17 2011, 10:20 AM
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Junior Member
27 posts Joined: Jul 2006 From: Perak
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Hi all,
I need some advice here, I've got some supermx-cd, bought at .02 and been hold for quite some times.. May i know what will happen (to its price) after expiry date of Supermx dividend? Will it plunge further down? thank you.. ps: dont want to end up like proton cg, bought at .03 and sold at .045.. but a week after, price rose to .14.. |
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Jan 11 2012, 12:00 PM
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All Stars
17,100 posts Joined: Mar 2005
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it is rewarding those super patient pundits today.
good luck to rubber gangs! |
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Jan 16 2012, 11:18 AM
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Junior Member
163 posts Joined: Dec 2005
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anyone know what happened to this counter? from last week until today really run like mad bull. dammmnnn i really wanted to buy it last month but not enough bullet
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Jan 16 2012, 02:04 PM
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Senior Member
1,229 posts Joined: Sep 2006
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Bonus issue 1:1 and the CEO quoting a growth in revenue for 2012
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Feb 3 2012, 05:11 PM
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Newbie
4 posts Joined: Feb 2012 From: Puchong
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when supermax want to announce the annual report? will it boost after the announcement?
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Feb 8 2012, 08:51 PM
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Senior Member
525 posts Joined: Apr 2011
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QUOTE(SaMe Chong @ Feb 3 2012, 05:11 PM) when supermax want to announce the annual report? will it boost after the announcement? It confirmed will fly hehe...This post has been edited by Paradise_Trader: Feb 10 2012, 01:40 PM |
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Feb 10 2012, 01:40 PM
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Senior Member
525 posts Joined: Apr 2011
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They will take 5 Day VWAP ( 5 Day Average Price ) Before the Expiry Date
Means ( 31/01/2012 , 02/02/2012 , 03/02/2012 , 08/02/2012 , 09/02/2012 ) The bank Issuer of the SUPERMX-CE ( OSK BANK ) Sure will Press down the Price for the Premium. After 09/02/2012 Then will Fly GAO GAO !!! ****************** I Can't Disclose Before avoid Disturb the shark's " construction " Haha.... SUPERMAX CORPORATION BERHAD Notice of Shares Buy Back - Immediate Announcement 31/01/2012 Total number of shares purchased (units) 10,300 @ RM 2.140 02/02/2012 Total number of shares purchased (units) 189,700 @ RM 2.140 03/02/2012 Total number of shares purchased (units) 400,000 @ RM 2.120 They Buy Back Shares for Quarterly Report on consolidated results in 1 Week Time and DIVIDEND!!! They Going To Announce Report Soon in February. That's why they Press Down for Accumulation. Why the Share Price be Controlled... Because the Call Warrant SUPERMX-CE Expiry Date. That's all that i able to Mention to Public. Enjoy the Statement.!! |
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Feb 11 2012, 08:18 PM
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Senior Member
525 posts Joined: Apr 2011
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Defensive counter will be goreng soon. There are quite few reasons why I strongly recommend Supermx! 1. Quarterly Report 2. Dividend 3. Japan Flu ( HK China effected ) 4. Call warrant Issue ( refer back to my previous post ) |
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Feb 21 2012, 01:15 PM
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Junior Member
81 posts Joined: Aug 2011
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QUOTE(Paradise_Trader @ Feb 10 2012, 01:40 PM) They will take 5 Day VWAP ( 5 Day Average Price ) Before the Expiry Date when will the bonus effect wear off... price already low low... rsi 19% only... Means ( 31/01/2012 , 02/02/2012 , 03/02/2012 , 08/02/2012 , 09/02/2012 ) The bank Issuer of the SUPERMX-CE ( OSK BANK ) Sure will Press down the Price for the Premium. After 09/02/2012 Then will Fly GAO GAO !!! ****************** I Can't Disclose Before avoid Disturb the shark's " construction " Haha.... SUPERMAX CORPORATION BERHAD Notice of Shares Buy Back - Immediate Announcement 31/01/2012 Total number of shares purchased (units) 10,300 @ RM 2.140 02/02/2012 Total number of shares purchased (units) 189,700 @ RM 2.140 03/02/2012 Total number of shares purchased (units) 400,000 @ RM 2.120 They Buy Back Shares for Quarterly Report on consolidated results in 1 Week Time and DIVIDEND!!! They Going To Announce Report Soon in February. That's why they Press Down for Accumulation. Why the Share Price be Controlled... Because the Call Warrant SUPERMX-CE Expiry Date. That's all that i able to Mention to Public. Enjoy the Statement.!! |
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Jun 1 2012, 04:16 PM
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Junior Member
99 posts Joined: Dec 2008
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supermax went up like crazy today
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Jul 5 2012, 10:45 AM
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Junior Member
89 posts Joined: May 2007
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Jul 25 2013, 11:50 AM
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Senior Member
28,187 posts Joined: Mar 2007 From: Underworld
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Should be time for Supermax to reach the max already.
Target RM 2.50 in a middle term of 3 to 6 month time frame. My opinions here.. Supermax - Bursting to Super Growth |
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Jul 25 2013, 02:11 PM
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Junior Member
331 posts Joined: May 2009
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QUOTE(Bonescythe @ Jul 25 2013, 11:50 AM) Should be time for Supermax to reach the max already. got volume but price not moving. Target RM 2.50 in a middle term of 3 to 6 month time frame. My opinions here.. Supermax - Bursting to Super Growth |
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Jul 26 2013, 12:53 AM
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Senior Member
28,187 posts Joined: Mar 2007 From: Underworld
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QUOTE(orientaliew @ Jul 25 2013, 02:11 PM) got volume but price not moving. Coming de la.. Gonna fry soon!!! |
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Jul 31 2013, 02:07 PM
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Senior Member
822 posts Joined: Aug 2006 From: Perak[Sitiawan] -> SubangJaya[SS15] -> Sunway
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QUOTE(Bonescythe @ Jul 26 2013, 01:53 AM) Coming de la.. Gonna fry soon!!! moving abit then now swing edi... =.= |
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Jul 31 2013, 02:38 PM
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Senior Member
3,459 posts Joined: Jan 2009
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What's the price now ? Is it cheaper if I buy shares thr' M2U online trading vs buy thr' my remisier ? And what are all the expenses - brokerage is how much, clearing fee is how much and stamp duty is how much ?
I've not play shares for ages and now want to try my luck again. |
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Jul 31 2013, 03:42 PM
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Senior Member
1,449 posts Joined: Dec 2007
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QUOTE(topearn @ Jul 31 2013, 02:38 PM) What's the price now ? Is it cheaper if I buy shares thr' M2U online trading vs buy thr' my remisier ? And what are all the expenses - brokerage is how much, clearing fee is how much and stamp duty is how much ? always use your remisier? different people usually get different rate, the standard rate is around 0.42%I've not play shares for ages and now want to try my luck again. |
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Jul 31 2013, 04:04 PM
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Senior Member
7,142 posts Joined: Oct 2008 From: Sin City
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Current price now rm2.07
If wanna buy, better wait for price around rm1.80 |
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Jul 31 2013, 04:17 PM
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Senior Member
3,459 posts Joined: Jan 2009
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QUOTE(davinz18 @ Jul 31 2013, 04:04 PM) Current price now rm2.07 Is the share making profits ? What's the dividend yield like ?If wanna buy, better wait for price around rm1.80 |
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Jul 31 2013, 04:26 PM
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Senior Member
7,142 posts Joined: Oct 2008 From: Sin City
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QUOTE(topearn @ Jul 31 2013, 04:17 PM) Is the share making profits ? What's the dividend yield like ? http://www.bursamalaysia.com/market/listed...cements/1308305 |
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Jul 31 2013, 05:50 PM
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Senior Member
822 posts Joined: Aug 2006 From: Perak[Sitiawan] -> SubangJaya[SS15] -> Sunway
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QUOTE(davinz18 @ Jul 31 2013, 05:04 PM) Current price now rm2.07 but i think RM1.90 can start collect edi .. lol ... slowly ..If wanna buy, better wait for price around rm1.80 |
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Aug 2 2013, 09:27 AM
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Senior Member
28,187 posts Joined: Mar 2007 From: Underworld
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No 2.14 liau.
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Aug 28 2013, 06:02 PM
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Senior Member
7,142 posts Joined: Oct 2008 From: Sin City
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Supermax Corp Q2 earnings up 18.3% to RM35.4m
Glove maker Supermax Corp Bhd's earnings rose 18.3% to RM35.48mil in the second quarter ended June 30, 2013 from RM30mil a year ago, underpinned by higher revenue due to an expansion in capacity. It said on Wednesday its revenue jumped 42.2% to RM330mil from RM232.10mil a year ago while earnings per share rose to 51.3 sen from 4.41 sen. "This was largely because of new capacity added from new and refurbished lines. The higher revenue enabled the Group to record a 19.5% increase in profit before tax and 16.2% increase in profit after tax," it said. In the six months ended June 30, 2013, its earnings rose 17% to RM67.88mil from RM57.98mil while its revenue rose at double the [ace or 35.3% to RM650.54mil from RM480.62mil. "The surgical glove capacity expansion at the Sg Buloh plant is progressing with five of the seven lines planned having been commissioned since May 2012. "The remaining lines will continue to be commissioned in stages when the additional capacity of sterilisation facility are allocated to Supermax Group," it said. Supermax said that besides surgical gloves, the group was also moving ahead with fast tracking its plans to build and complete plants 10 and 11 in Meru, Klang within the next two quarters. It said these new plants could be inter-switchable between natural rubber and nitrile glove production. "When the two new plants as well as the converted plant have been fully commissioned by the first quarter of 2014, it would increase by 6.9 billion gloves which is more than double the Supermax Group's current nitrile capacity from 5.4 billion pieces per annum to 12.3 billion pieces per annum," it said. Supermax said the higher production capacity would result in nitrile gloves forming 53% of the group's total installed capacity while natural rubber latex gloves would account for the remaining 47%. It also expected competition to be more intense for nitrile gloves and it had expected revenue from additional sales of nitrile gloves to be within 9% to 11% from the additional capacity it would be adding to the market in 2014. |
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Aug 29 2013, 05:52 PM
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Junior Member
331 posts Joined: May 2009
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i would say most of us fishing arround 1.80-1.90 level and we all catch no fish!
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Sep 5 2013, 01:21 PM
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Senior Member
2,661 posts Joined: Jan 2003
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@orientaliew
Do your own research, rather than listening to speculators. This post has been edited by guanteik: Sep 5 2013, 01:21 PM |
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Sep 5 2013, 02:34 PM
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Senior Member
1,216 posts Joined: Mar 2009 From: Cut Throat Land
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supermax kena goreng!
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Sep 5 2013, 02:47 PM
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Senior Member
7,142 posts Joined: Oct 2008 From: Sin City
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QUOTE(orientaliew @ Aug 29 2013, 05:52 PM) i would say most of us fishing arround 1.80-1.90 level and we all catch no fish! Too bad for all |
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Sep 5 2013, 04:54 PM
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Senior Member
10,001 posts Joined: May 2013
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Wow...
Among the top gainers today Closed at 2.74, up 28 cents |
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Sep 8 2013, 04:37 PM
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Senior Member
7,142 posts Joined: Oct 2008 From: Sin City
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Affin Research has upgraded Supermax from “Add†to “Buy†with a raised target price of RM2.82 from RM2.32 in light of the group’s improved earnings visibility.
“Management guided that these two will be completed by first quarter 2014 and that they have successfully secured orders for 60% of the total production capacity for Plant 10 and 11 from both new and existing customers,†it said. |
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Sep 8 2013, 07:35 PM
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Senior Member
10,001 posts Joined: May 2013
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Past 52 weeks
Highest = 2.77 Lowest = 1.79 Now = 2.63 |
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Sep 15 2013, 11:16 PM
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Senior Member
10,001 posts Joined: May 2013
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Rhb recommend Buy with target @ 3.01
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Sep 16 2013, 03:17 PM
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Senior Member
3,459 posts Joined: Jan 2009
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QUOTE(wil-i-am @ Sep 15 2013, 11:16 PM) Rhb recommend Buy with target @ 3.01 noticed most of these investment banks will recommend a TP that is a lot higher vs current price. |
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Sep 16 2013, 03:38 PM
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Senior Member
10,001 posts Joined: May 2013
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QUOTE(topearn @ Sep 16 2013, 03:17 PM) noticed most of these investment banks will recommend a TP that is a lot higher vs current price. They assume 12 times FY14 PER |
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Sep 17 2013, 05:01 PM
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Senior Member
7,142 posts Joined: Oct 2008 From: Sin City
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Today (17/9/13) closed at rm2.73, up 1c
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Nov 8 2013, 02:16 PM
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Senior Member
10,001 posts Joined: May 2013
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PROPOSED ACQUISITION BY MAXWELL GLOVE MANUFACTURING BERHAD, A WHOLLY-OWNED SUBSIDIARY OF SUPERMAX CORPORATION BERHAD, OF ALL THAT PIECE OF VACANT FREEHOLD INDUSTRIAL LAND HELD UNDER GERAN 28698, LOT 1858, MUKIM SERENDAH, DAERAH ULU SELANGOR, NEGERI SELANGOR FOR A TOTAL CASH CONSIDERATION OF RM78,408,000
http://www.bursamalaysia.com/market/listed...cements/1455721 |
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Nov 13 2013, 08:01 PM
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Senior Member
10,001 posts Joined: May 2013
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PROPOSED ACQUISITION BY MAXWELL GLOVE MANUFACTURING BERHAD, A WHOLLY-OWNED SUBSIDIARY OF SUPERMAX CORPORATION BERHAD, OF ALL THAT PIECE OF VACANT FREEHOLD INDUSTRIAL LAND HELD UNDER GERAN 28698, LOT 1858, MUKIM SERENDAH, DAERAH ULU SELANGOR, NEGERI SELANGOR FOR A TOTAL CASH CONSIDERATION OF RM78,408,000.
http://www.bursamalaysia.com/market/listed...cements/1459901 |
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Nov 28 2013, 06:59 PM
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Senior Member
10,001 posts Joined: May 2013
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Quarterly rpt on consolidated results for the financial period ended 30/9/2013
http://www.bursamalaysia.com/market/listed...cements/1477213 |
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Nov 28 2013, 07:09 PM
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Senior Member
10,001 posts Joined: May 2013
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EX-date 19/12/2013
Entitlement date 23/12/2013 Entitlement time 05:00:00 PM Entitlement subject Interim Dividend Entitlement description First Interim Single-Tier Dividend of 4% Period of interest payment to Financial Year End 31/12/2013 Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlements Registrar's name ,address, telephone no Tricor Investor Services Sdn. Bhd. (Company No. 118401-V) Level 17, The Gardens North Tower Mid Valley City, Lingkaran Syed Putra 59200 Kuala Lumpur Tel No. 03-2264 3883 Payment date 21/01/2014 |
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Dec 11 2013, 11:42 AM
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Senior Member
28,187 posts Joined: Mar 2007 From: Underworld
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Supermax should be able to see a running surge soon.
Taper talk -> USD up USD up -> Glove profit up Glove profit up -> Supermax up Supermax up -> Supermax holder happy Supermax - The Rubber Taper Short Term TP : RM 2.85 |
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Dec 11 2013, 03:34 PM
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All Stars
24,480 posts Joined: Nov 2010
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QUOTE(Bonescythe @ Dec 11 2013, 11:42 AM) Supermax should be able to see a running surge soon. yep, looking good... Taper talk -> USD up USD up -> Glove profit up Glove profit up -> Supermax up Supermax up -> Supermax holder happy Supermax - The Rubber Taper Short Term TP : RM 2.85 dividend coming, usd strengthening, rm not going anywhere... |
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Dec 12 2013, 02:45 PM
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All Stars
24,480 posts Joined: Nov 2010
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QUOTE(Bonescythe @ Dec 11 2013, 11:42 AM) Supermax should be able to see a running surge soon. 2.84 now!Taper talk -> USD up USD up -> Glove profit up Glove profit up -> Supermax up Supermax up -> Supermax holder happy Supermax - The Rubber Taper Short Term TP : RM 2.85 do you see hartalega and topglov going thru a similar run? any other counter(s) you consider in similar "export in usd" category? palm oil/plantations dun look good so far. thanks for any comment. |
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Dec 19 2013, 12:56 PM
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All Stars
24,480 posts Joined: Nov 2010
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nice...
ex-div today, price regained a few sen. notice epf buying this one again. hope to see 2.85 real soon. |
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Jan 16 2014, 04:14 PM
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Senior Member
2,702 posts Joined: Dec 2004 From: P8X-86A
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supermax good for divvy collection?
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Jan 17 2014, 12:03 PM
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Senior Member
10,001 posts Joined: May 2013
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Maybank IB issued Supermax-CT yesterday
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Mar 21 2014, 04:47 PM
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Junior Member
78 posts Joined: Oct 2011 From: Kuala Lumpur
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any insight on this counter?
keep dropping since 21feb |
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Mar 22 2014, 12:17 AM
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Senior Member
28,187 posts Joined: Mar 2007 From: Underworld
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Shedding a lot despite stronger USD.
All rubber dropping big time |
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Mar 22 2014, 08:27 AM
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All Stars
13,494 posts Joined: Jan 2012
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QUOTE(Bonescythe @ Mar 22 2014, 12:17 AM) Shedding a lot despite stronger USD. Well, how many of them are running full capacity? I bet none is doing that now. Even the industry darling, Hartalega's profit drop and it was not running at full capacity. Over capacity is a fact, and what they are competing now is for the future. All rubber dropping big time Supermax is keen to revive its glove city project, and Hartalega already pushing ahead with its own project as well. |
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Mar 22 2014, 11:32 AM
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Senior Member
28,187 posts Joined: Mar 2007 From: Underworld
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QUOTE(andrekua2 @ Mar 22 2014, 08:27 AM) Well, how many of them are running full capacity? I bet none is doing that now. Even the industry darling, Hartalega's profit drop and it was not running at full capacity. Over capacity is a fact, and what they are competing now is for the future. Won't be surprise one of them will start to do other things in the future. Diversified expansionSupermax is keen to revive its glove city project, and Hartalega already pushing ahead with its own project as well. - Properties? - Oil and Gas? These are the more popular one so far. |
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Mar 22 2014, 12:12 PM
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All Stars
13,494 posts Joined: Jan 2012
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QUOTE(Bonescythe @ Mar 22 2014, 11:32 AM) Won't be surprise one of them will start to do other things in the future. Diversified expansion No idea. Anything is possible. Rubber plantation investment like Supermax? I dont know. I think it all depends on your position in the glove market. If you are leading the market like TG with NR glove and Hartalega with Nitrile glove, you probably focus more on solidifying your claims as market leaders than to venture into something else. Besides, for the likes of Hartalega which enjoy 30-40% ROE, would you really venture into the unknown? Adventa already sold off their glove business, Latexx was looking at the same direction but was called off. - Properties? - Oil and Gas? These are the more popular one so far. I think all depends on how much cash their glove division will be able to generate to fund their diversification. TG and Hartalega probably have no problem with cash, but not sure about the others. |
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Mar 22 2014, 12:56 PM
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Senior Member
8,653 posts Joined: Sep 2005 From: lolyat
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QUOTE(andrekua2 @ Mar 22 2014, 08:27 AM) Well, how many of them are running full capacity? I bet none is doing that now. Even the industry darling, Hartalega's profit drop and it was not running at full capacity. Over capacity is a fact, and what they are competing now is for the future. Hartalega has been running full capacity, 90% according to analyst if not mistaken. Supermax is keen to revive its glove city project, and Hartalega already pushing ahead with its own project as well. Rest assure that Hartalega boss is very conservative type of businessman, he will not expand without potential order in the future. FYI, one of their major customer - Medline Industries Inc. also one of their shareholder. |
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Mar 22 2014, 01:56 PM
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Senior Member
28,187 posts Joined: Mar 2007 From: Underworld
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I believe in 5 years down the road, 1 of the glove industry will either
- Prop - O&G - Plantation Dunno.. just guessing.. Cuz it is the hot trend now |
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Mar 22 2014, 02:53 PM
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All Stars
13,494 posts Joined: Jan 2012
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QUOTE(yhtan @ Mar 22 2014, 12:56 PM) Hartalega has been running full capacity, 90% according to analyst if not mistaken. I won't be surprised if they are not even at 80% right now that's for sure. Otherwise they won't be recording reduced earnings for the past quarter. They had never recorded a single declining quarter since 5 years ago.Rest assure that Hartalega boss is very conservative type of businessman, he will not expand without potential order in the future. FYI, one of their major customer - Medline Industries Inc. also one of their shareholder. We indirectly supplied some part of the assembly lines. Past 5 years, what they had done? Plant 5 (10 lines) and Plant 6 (12lines). Each plant with 12 lines churned out between 3-4 billions pieces. What I can say is they are on the defensive, that's for sure. They are among the smallest, despite being the most profitable of all. There was once Top Glove actually tried to buy Hartalega, instead of developing their own nitrile line, but the boss wont sell. Now Big3 keep ramping their nitrile glove assembly lines and possess a danger to Hartalega dominance. The NGC is already on the way. Initial plan, 24 lines, which meant around 6-8 billions piece capacity depending on the speed they are ramping. I really wonder if there are any customer that can eat it up. I think they are trying to go retail in some countries where the markets lag. I remembered reading something about that. But take Supermax for example, how the analyst said the self distribution should help them get better margin. What number did Supermax posted? Straight dive from RM3 to 2.50. Its good to be positive but sadly, fairy tale over. |
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Mar 23 2014, 01:04 AM
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Senior Member
822 posts Joined: Aug 2006 From: Perak[Sitiawan] -> SubangJaya[SS15] -> Sunway
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btw i just wondering why keep on dropping last two working days, its a big drop. then harta been dropping slowly during end of December .. too bad~~~~
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Mar 23 2014, 08:46 PM
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Senior Member
28,187 posts Joined: Mar 2007 From: Underworld
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EPF being contrarian.
Sell plantation and buying in huge position on glove makers. Supermax saw huge buying in from EPF. But of course. Wad they say make sense, it is easier to sell plantation stock on bullish run. Now collecting tons of rubbers cheaply |
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Mar 24 2014, 12:40 PM
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All Stars
13,494 posts Joined: Jan 2012
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QUOTE(Bonescythe @ Mar 23 2014, 08:46 PM) EPF being contrarian. But if you take into consideration that USD appreciate and yet their profit drop, something is not right.Sell plantation and buying in huge position on glove makers. Supermax saw huge buying in from EPF. But of course. Wad they say make sense, it is easier to sell plantation stock on bullish run. Now collecting tons of rubbers cheaply |
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Mar 24 2014, 05:09 PM
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Senior Member
28,187 posts Joined: Mar 2007 From: Underworld
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Hiding profit?
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Oct 3 2014, 12:25 AM
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Senior Member
28,187 posts Joined: Mar 2007 From: Underworld
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Supermax is just another big bomb that will explode upwards in the market of red sea. Supermax will be a good counter to be traded / invested based on :
- Stronger USD outlook against the MYR, with a projection of reaching RM 3.40 for USD 1. - BNM had just recently announced the unchanged OPR at 3.25%, pegging the nation interest rate for at least another quarter to half year period, hence putting away speculation of a sudden increase in OPR to counter the currency outflow. - Rising global concern on Ebola Virus infection, with 1st US patient confirmed in Texas. - Supermax being a laggard compared to all it's peers which had responded towards both the events - Supermax to see factory expansion producing more output in FYE 2014. Supermax - On Hot Shots |
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Oct 7 2014, 08:55 AM
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Senior Member
2,455 posts Joined: Aug 2008 From: Malaysia
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QUOTE(Bonescythe @ Oct 3 2014, 12:25 AM) Supermax is just another big bomb that will explode upwards in the market of red sea. Supermax will be a good counter to be traded / invested based on : - Stronger USD outlook against the MYR, with a projection of reaching RM 3.40 for USD 1. - BNM had just recently announced the unchanged OPR at 3.25%, pegging the nation interest rate for at least another quarter to half year period, hence putting away speculation of a sudden increase in OPR to counter the currency outflow. - Rising global concern on Ebola Virus infection, with 1st US patient confirmed in Texas. - Supermax being a laggard compared to all it's peers which had responded towards both the events - Supermax to see factory expansion producing more output in FYE 2014. Supermax - On Hot Shots |
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Oct 7 2014, 09:21 AM
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Senior Member
28,187 posts Joined: Mar 2007 From: Underworld
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Go go go ..
Slow n steady |
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Oct 8 2014, 05:56 PM
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All Stars
48,589 posts Joined: Sep 2014 From: REality
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The Employees Provident Fund has ceased to be a substantial shareholder of rubber glove maker Supermax Corp Bhd, having sold 1 million shares on Oct 3, a filing to Bursa Malaysia revealed.
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Oct 31 2014, 08:15 PM
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Senior Member
984 posts Joined: Nov 2008
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QUOTE(Bonescythe @ Oct 3 2014, 12:25 AM) Supermax is just another big bomb that will explode upwards in the market of red sea. Supermax will be a good counter to be traded / invested based on : I totally agree with you. A picture paints a thousand words. Charts do not lie. Just look at the updated chart & you can see Supermax on the uptrend -the first resistance around $2.54 & thereafter it will journey to $3.00. You make a great analyst - Stronger USD outlook against the MYR, with a projection of reaching RM 3.40 for USD 1. - BNM had just recently announced the unchanged OPR at 3.25%, pegging the nation interest rate for at least another quarter to half year period, hence putting away speculation of a sudden increase in OPR to counter the currency outflow. - Rising global concern on Ebola Virus infection, with 1st US patient confirmed in Texas. - Supermax being a laggard compared to all it's peers which had responded towards both the events - Supermax to see factory expansion producing more output in FYE 2014. Supermax - On Hot Shots |
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Nov 7 2014, 09:55 PM
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All Stars
48,589 posts Joined: Sep 2014 From: REality
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Glove-maker Supermax Corp Bhd’s earnings in the third quarter ended Sept 30, 2014 fell 22.3% to RM27.8mil from RM35.8mil a year earlier, with revenue down 2.2% to RM278.4mil from RM284.6mil.
The company, which is declaring a dividend of 2 sen per share, said the lower profitability was largely down to realised and unrealised forex losses totalling RM5.9mil. Earnings per share in the quarter was 4.09 sen, lower than the corresponding quarter a year earlier when it was 5.26 sen. For the three quarters so far, Supermax earned 11.93 sen per share compared to 15.24 sen previously. Earnings during these three quarters totalled RM81.2mil – down 21.7% from the RM103.7mil registered previously. Revenue was down 20% to RM748.7mil from RM935.1mil. |
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Nov 7 2014, 11:32 PM
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Senior Member
16,872 posts Joined: Jun 2011
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die. Monday sure kaboom
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Apr 24 2015, 06:05 PM
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All Stars
48,589 posts Joined: Sep 2014 From: REality
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Supermax confirms diversification into contact lens biz
http://www.theedgemarkets.com/my/article/s...-0?type=Markets from glove maker to manufacturing of contact lenses |
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Oct 21 2015, 07:11 PM
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Senior Member
10,001 posts Joined: May 2013
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Glad to c it goes up today after a long wait
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Nov 12 2015, 10:03 PM
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All Stars
48,589 posts Joined: Sep 2014 From: REality
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Supermax clinches NHS licence to supply gloves to UK hospitals
QUOTE Through the award, Supermax would be able to benefit from the business that sees an annual medical glove consumption worth about £50 million (RM332 million). http://www.theedgemarkets.com/my/article/s...?type=Corporate |
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Jul 13 2016, 04:20 PM
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Junior Member
353 posts Joined: Oct 2010
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What happen to the stock? 2 now...good buy?
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Mar 10 2019, 07:05 PM
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Junior Member
86 posts Joined: Aug 2009
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what about now?
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Oct 14 2020, 09:05 AM
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Junior Member
412 posts Joined: Oct 2017
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What about now? lol
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Oct 14 2020, 09:44 AM
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Senior Member
1,019 posts Joined: Sep 2018
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TP 13.5, can goreng?
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Oct 14 2020, 03:13 PM
Show posts by this member only | IPv6 | Post
#340
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Senior Member
1,190 posts Joined: May 2018 From: Kuala Lumpur, Malaysia
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I bought at 7.35 about a month ago when the glove stock prices were depressed becoz profiit taking. Sold at 8.86 coz I hit my target cap gain
Now I regret my decision kek |
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Oct 14 2020, 03:23 PM
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Senior Member
1,019 posts Joined: Sep 2018
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QUOTE(Eurobeater @ Oct 14 2020, 03:13 PM) I bought at 7.35 about a month ago when the glove stock prices were depressed becoz profiit taking. Sold at 8.86 coz I hit my target cap gain Same. I sold a portion of my SM stocks. Now regret didnt wait longer.Now I regret my decision kek Still keep a small portion for dividends |
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Feb 2 2021, 06:06 PM
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All Stars
48,589 posts Joined: Sep 2014 From: REality
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RHB, Kenanga cut Supermax TP on ASP visibility, risk of US venture https://www.theedgemarkets.com/article/rhb-...risk-us-venture HereToLearn liked this post
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Oct 29 2021, 07:16 AM
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Senior Member
3,482 posts Joined: Sep 2007
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Any holder here? I just entered yesterday around 1.91
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Oct 29 2021, 10:47 AM
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Senior Member
5,529 posts Joined: Oct 2007
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QUOTE(foofoosasa @ Oct 29 2021, 07:16 AM) Any holder here? I just entered yesterday around 1.91 contemplating to buy a bit eh.... |
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Oct 29 2021, 10:54 AM
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Senior Member
3,482 posts Joined: Sep 2007
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QUOTE(tehoice @ Oct 29 2021, 10:47 AM) contemplating to buy a bit eh.... I bought a bit only also. Lol |
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