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"
User avatar
winston
Billionaire Boss
 
Posts: 118536
Joined: Wed May 07, 2008 9:28 am

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"
User avatar
winston
Billionaire Boss
 
Posts: 118536
Joined: Wed May 07, 2008 9:28 am

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"
User avatar
winston
Billionaire Boss
 
Posts: 118536
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: 118536
Joined: Wed May 07, 2008 9:28 am

Re: Supermax

Postby winston » Sat Jan 30, 2021 8:20 am

vested

Profit margin of 50% lifts Supermax 2Q net profit to record RM1.06 bil, declares 3.8 sen dividend

by Syahirah Syed Jaafar

On a year-to-year basis, net profit jumped by a whopping 3,412% from RM30.17 million last year, as revenue jumped more than four times from RM385.5 million a year ago.


Source: theedgemarkets.com

https://www.theedgemarkets.com/article/ ... n-dividend
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: 118536
Joined: Wed May 07, 2008 9:28 am

Re: Supermax

Postby winston » Mon Feb 01, 2021 2:18 pm

vested

CGS-CIMB Research expects stronger quarters ahead for Supermax, raises TP to RM11.80

by Syafiqah Salim

Solid dividend yields of 4%-9% forecast for the financial year ending June 30, 2021 (FY21F)-FY23F.


Source: theedgemarkets.com

https://www.theedgemarkets.com/node/552780
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: 118536
Joined: Wed May 07, 2008 9:28 am

Re: Supermax

Postby winston » Tue Feb 02, 2021 1:07 pm

not vested

Supermax Corp (SUCB MK)
2QFY21: Beyond Expectations; ASPs Remain Resilient


2QFY21 results came in above expectations off robust ASP revisions ahead.

Significantly higher NBR cost but was largely alleviated by lofty ASPs.

Supermax is slated for an explosive influx of capacity over the next two years.

Combined, these factors with largely still-favourable near-term industry dynamics should support windfall earnings for Supermax.

Maintain BUY with a lower target price of RM7.80 as we anticipate sentiment to diminish once peak quarterly earnings are realised.

Source: UOBKH

https://research.uobkayhian.com/content ... f3457dee88
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: 118536
Joined: Wed May 07, 2008 9:28 am

Re: Supermax

Postby winston » Mon Feb 08, 2021 9:01 pm

vested

Supermax's North America operations to benefit from increased local production

by Syahirah Syed Jaafar

The US government recently said it plans to use the Defence Production Act (DPA) to produce 12 billion gloves per annum by the end of 2021 to reduce its reliance on imported PPE.


Source: theedgemarkets.com

https://www.theedgemarkets.com/article/ ... production
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: 118536
Joined: Wed May 07, 2008 9:28 am

Re: Supermax

Postby winston » Thu May 06, 2021 7:39 am

not vested

Supermax: Rubber glove spot prices on downtrend, falling 15% to 25%

by Tan Siew Mung

Currently, the spot market prices are lower than the contracted prices".

Supermax announced a quarterly net profit of RM1 billion for 3QFY21, 5.2% lower compared with RM1.06 billion recorded in 2QFY21.

Its quarter revenue fell 3% to RM1.94 billion in 3QFY21 compared with RM2 billion in 2QFY21.

The group currently exports 58% of production under its own brands via its own distribution centres and 40% through independent distributors; the remaining 2% is for original equipment manufacturer (OEM) production.


Source: theedgemarkets.com

https://www.theedgemarkets.com/article/ ... fall-15-25
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: 118536
Joined: Wed May 07, 2008 9:28 am

Re: Supermax

Postby winston » Thu May 06, 2021 9:26 am

not vested

Supermax Corp (SUCB MK)
3QFY21: Within Expectations As Temporary Closure Weighs On Output


3QFY21 results came in within expectations as revenue remained flat despite higher
ASPs as a result of the temporary closure of production due to COVID-19.

Supermax is due for an explosive influx of capacity over the next two years.

However, this is against the backdrop of realising its peak quarterly earnings and potentially moderating sentiment.

This balanced reward-to-risk payoff prompts us to downgrade Supermax to a HOLD from BUY with an unchanged target price of RM5.00.

Source: UOBKH

https://research.uobkayhian.com/content ... c7cfc53453
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: 118536
Joined: Wed May 07, 2008 9:28 am

PreviousNext

Return to S to Z

Who is online

Users browsing this forum: No registered users and 4 guests

cron