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

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

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.

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

they are announcing results this thursday. now 3. anyone buying?

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

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.”

Thanks for the links. 

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 %).