Supermax

Re: Supermax

Postby winston » Sun Apr 15, 2018 7:11 am

Supermax boss apologises to PM for supporting Opposition in GE13

KUALA LUMPUR: Supermax Corp Bhd group managing director Datuk Seri Stanley Thai has expressed regret for getting involved in campaigning for the Opposition in the 13th general election (GE13).

Extending a formal apology to Prime Minister Datuk Seri Najib Tun Razak at a press conference here on Saturday, Thai said he was influenced by the Opposition's propaganda in the previous general election, and realised that it was wrong for him as a businessman to be involved in politics.

“As a member of the business community I like to see political stability. Businesses operating in Malaysia will continue to prosper with the sound economic policy of the ruling government that is led by Prime Minister Datuk Seri Najib.

“Foreign investors will continue to have full confidence to participate and drive the economic growth and continue to expand their investments in Malaysia,” he said.

During the press conference, Thai also expressed his disappointment with the state of Selangor's management of the water issue, as it had cost Supermax, one of the largest rubber glove makers in the world, millions of dollars and hindered its growth.

“Our last two projects there were delayed for two-and-a-half to three years due to the water supply issues in Selangor, where most of our plants are located,” he said, adding that Supermax has a total of 11 plants nationwide, and eight are located in Selangor.

Thai added that he believed that good governance and management are key to industry's growth, and that he will continue to fully support the government's policies.

Source: Bernama

https://www.thestar.com.my/news/nation/ ... C1F2wfk.99
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 98586
Joined: Wed May 07, 2008 9:28 am

Re: Supermax

Postby winston » Thu Apr 26, 2018 2:39 pm

not vested

CIMB Research upgrades Supermax, raises target price to RM3.47

KUALA LUMPUR (April 26): CIMB IB Research has upgraded Supermax Corporation Bhd (SUCB) to “Add” at RM2.85 with a higher target price of RM3.47 (from RM2.35) and said it now was more positive on SUCB’s current operations and future capacity expansion plans following a meeting with the company.

In a note April 25, the research house said SUCB’s glove production capacity will grow by 16.1% to 27.2 billion by end-2019.

It said this was thanks to ongoing rebuilding works on older plants and the addition of two new plants.

“We raise our FY18-20F EPS by 12.2-17.1% to account for higher glove sales and improved efficiencies.

“Moving forward, the valuation gap should narrow vs. the sector given better earnings visibility and more compelling risk-reward profile.

“Upgrade to Add, with target price raised to RM3.47 (15.2x CY19 P/E),” it said.

Source: The Edge

http://www.theedgemarkets.com/article/c ... rice-rm347
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 98586
Joined: Wed May 07, 2008 9:28 am

Previous

Return to S to Z

Who is online

Users browsing this forum: No registered users and 2 guests

cron