Supermax

Re: Supermax

Postby winston » Tue Dec 29, 2020 2:41 pm

The stock has fallen 48.78% from its recent peak of RM11.89 on Aug 6.
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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Re: Supermax

Postby winston » Thu Jan 14, 2021 10:51 am

not vested

Greener pastures still ahead

In our view, SUCB is undervalued at current valuations (7x CY21 P/E) given its robust earnings prospects for at least the next 12 months.

SUCB should post stronger results in upcoming quarters, backed by:
i) further ASP hikes
ii) increases in capacity, and
iii) better economies of scale

Retain Add on SUCB, with an upside of 51.9% and CY21F div yield of 5.6%.

TP: RM 10.80

Source: CIMB

https://rfs.cgs-cimb.com/api/download?f ... B3C0132D32
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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Re: Supermax

Postby winston » Sat Jan 23, 2021 12:26 pm

not vested

Supermax Corp Bhd spent RM53.92 million to buy back its own shares today, its first share buyback exercise this year.

In a bourse filing, the glove manufacturer said it bought back 8.15 million shares at between RM6.24 and RM6.70 apiece.

It now holds 102.98 million cumulative net outstanding treasury shares, which is equivalent to 3.79% of its total share capital of 2.72 billion shares.

Source: The Edge

https://www.theedgemarkets.com/article/ ... yback-2021
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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Posts: 110147
Joined: Wed May 07, 2008 9:28 am

Re: Supermax

Postby winston » Tue Jan 26, 2021 9:46 am

not vested

ACCUMULATE (TECHNICAL)

The stock is set to extend its rebound.

The formation of a new higher low structure and the rebound above its 200-day
EMA line show that momentum is gaining pace.

We expect the stock to trend higher in the near term.

Source: Maybank
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: 110147
Joined: Wed May 07, 2008 9:28 am

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