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At last lai liao
Sgvale ( Date: 02-Feb-2021 14:06) Posted:
| 0.80 Coming liao. No need to say one de |
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hope can announce special dividend !! huat ah
0.80 Coming liao. No need to say one de
Few days trend. Open up .. after retrace. Retrace today can hoot for result out
Bro, sorry, was out exercising this afternoon..
Full details of H1 Results will be out after close of trading on 4th Feb. That will be just 3 more days to go... Cheers.
ringo88 ( Date: 01-Feb-2021 15:47) Posted:
Bro LT.. any idea if the result announce after closing on Thurs or within trading day itself?
Longtermer ( Date: 01-Feb-2021 11:33) Posted:
Coming Thursday results for UG likely mirror Supermax below.
Note the comments by them:
" the prices will continue to trend upwards, adding that the highest ASPs have not yet been reflected in this current quarter for the group."
&ldquo We are optimistic that our original brand manufacturer (OBM) and Distribution Business Model will exhibit even healthier and stellar performances in the coming quarters,&rdquo
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Profit margin of 50% lifts Supermax 2Q net profit to record RM1.06 bil, declares 3.8 sen dividend
KUALA LUMPUR (Jan 29): Supermax Corp Bhd reported a new record net profit of RM1.06 billion for the second quarter ended Dec 31, 2020 (2QFY21), a 34% quarter-on-quarter jump from RM789.52 million in preceding 1QFY21.
Quarterly revenue surged to RM2 billion compared with RM1.35 billion in the preceding quarter. This implies a net profit of nearly 50%.
Earnings per share (EPS) ballooned to 41.14 sen in the quarter compared with 30.58 sen a quarter ago.
The anticipated big leap in earnings was mainly fuelled by higher average selling prices (ASPs) as demand for gloves continued to soar worldwide against the backdrop of the Covid-19 pandemic.
Furthermore, the group has an increase in production capacity.
Supermax declared an interim single tier dividend of 3.8 sen per ordinary share for the current financial year ending June 30, 2021, to be paid on Feb 26. It did not declare a dividend in the same quarter a year ago.
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.
Commenting on ASPs, Supermax said in a statement today that the prices will continue to trend upwards, adding that the highest ASPs have not yet been reflected in this current quarter for the group.
While the roll out of Covid-19 vaccines is expected to cause glove demand and consumption to moderate, the company said it believes that it will likely be gradual and not drop sharply due to the structural change in consumption, such as new consumption, new customers and greatly heightened healthcare and hygiene awareness.
&ldquo Natural rubber glove prices, which have been lagging its nitrile counterpart rather significantly throughout the pandemic, are beginning to gap up in tandem with rising demand as nitrile glove supply becomes more constricted by raw material supply constraints.
&ldquo We are optimistic that our original brand manufacturer (OBM) and Distribution Business Model will exhibit even healthier and stellar performances in the coming quarters,&rdquo it said.
Shares of Supermax ended 24 sen or 3.66% higher at RM6.80, giving it a market capitalisation of RM17.8 billion.
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0.78 lai
Overall market mood still cautious.in many counters. Maybe a day b4 result announce will surge
Bro LT.. any idea if the result announce after closing on Thurs or within trading day itself?
Longtermer ( Date: 01-Feb-2021 11:33) Posted:
Coming Thursday results for UG likely mirror Supermax below.
Note the comments by them:
" the prices will continue to trend upwards, adding that the highest ASPs have not yet been reflected in this current quarter for the group."
&ldquo We are optimistic that our original brand manufacturer (OBM) and Distribution Business Model will exhibit even healthier and stellar performances in the coming quarters,&rdquo
------------------------
Profit margin of 50% lifts Supermax 2Q net profit to record RM1.06 bil, declares 3.8 sen dividend
KUALA LUMPUR (Jan 29): Supermax Corp Bhd reported a new record net profit of RM1.06 billion for the second quarter ended Dec 31, 2020 (2QFY21), a 34% quarter-on-quarter jump from RM789.52 million in preceding 1QFY21.
Quarterly revenue surged to RM2 billion compared with RM1.35 billion in the preceding quarter. This implies a net profit of nearly 50%.
Earnings per share (EPS) ballooned to 41.14 sen in the quarter compared with 30.58 sen a quarter ago.
The anticipated big leap in earnings was mainly fuelled by higher average selling prices (ASPs) as demand for gloves continued to soar worldwide against the backdrop of the Covid-19 pandemic.
Furthermore, the group has an increase in production capacity.
Supermax declared an interim single tier dividend of 3.8 sen per ordinary share for the current financial year ending June 30, 2021, to be paid on Feb 26. It did not declare a dividend in the same quarter a year ago.
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.
Commenting on ASPs, Supermax said in a statement today that the prices will continue to trend upwards, adding that the highest ASPs have not yet been reflected in this current quarter for the group.
While the roll out of Covid-19 vaccines is expected to cause glove demand and consumption to moderate, the company said it believes that it will likely be gradual and not drop sharply due to the structural change in consumption, such as new consumption, new customers and greatly heightened healthcare and hygiene awareness.
&ldquo Natural rubber glove prices, which have been lagging its nitrile counterpart rather significantly throughout the pandemic, are beginning to gap up in tandem with rising demand as nitrile glove supply becomes more constricted by raw material supply constraints.
&ldquo We are optimistic that our original brand manufacturer (OBM) and Distribution Business Model will exhibit even healthier and stellar performances in the coming quarters,&rdquo it said.
Shares of Supermax ended 24 sen or 3.66% higher at RM6.80, giving it a market capitalisation of RM17.8 billion.
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CGS-CIMB Research expects stronger quarters ahead for Supermax, raises TP to RM11.80
February 01, 2021 11:23 am +08
KUALA LUMPUR (Feb 1): CGS-CIMB Research has retained its " add" call on Supermax Corp Bhd at RM6.80 with a higher target price of RM11.80 (from RM10.80) to reflect an earnings per share (EPS) upgrade, pegged at 15 times calendar year 2022 forecast (CY22F) price-earnings (P/E), in line with the glove sector&rsquo s five-year mean P/E.
In a note last Friday, analyst Walter Aw continued to view Supermax as an attractive play, backed by strong global glove demand owing to Covid-19, higher-than-average margins in the sector (due to its original brand manufacturing model) and solid dividend yields of 4%-9% forecast for the financial year ending June 30, 2021 (FY21F)-FY23F.
To recap, the glove maker&rsquo s net profit for the second quarter ended Dec 31, 2020 (2QFY21) climbed 34% quarter-on-quarter (q-o-q) to RM1.06 billion from RM789.52 million in preceding 1QFY21, while quarterly revenue surged to RM2 billion compared with RM1.35 billion in the preceding quarter.
https://www.theedgemarkets.com/article/cgscimb-research-expects-stronger-quarters-ahead-supermax-raises-tp-rm1180
80 cents.
Coming Thursday results for UG likely mirror Supermax below.
Note the comments by them:
" the prices will continue to trend upwards, adding that the highest ASPs have not yet been reflected in this current quarter for the group."
&ldquo We are optimistic that our original brand manufacturer (OBM) and Distribution Business Model will exhibit even healthier and stellar performances in the coming quarters,&rdquo
------------------------
Profit margin of 50% lifts Supermax 2Q net profit to record RM1.06 bil, declares 3.8 sen dividend
KUALA LUMPUR (Jan 29): Supermax Corp Bhd reported a new record net profit of RM1.06 billion for the second quarter ended Dec 31, 2020 (2QFY21), a 34% quarter-on-quarter jump from RM789.52 million in preceding 1QFY21.
Quarterly revenue surged to RM2 billion compared with RM1.35 billion in the preceding quarter. This implies a net profit of nearly 50%.
Earnings per share (EPS) ballooned to 41.14 sen in the quarter compared with 30.58 sen a quarter ago.
The anticipated big leap in earnings was mainly fuelled by higher average selling prices (ASPs) as demand for gloves continued to soar worldwide against the backdrop of the Covid-19 pandemic.
Furthermore, the group has an increase in production capacity.
Supermax declared an interim single tier dividend of 3.8 sen per ordinary share for the current financial year ending June 30, 2021, to be paid on Feb 26. It did not declare a dividend in the same quarter a year ago.
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.
Commenting on ASPs, Supermax said in a statement today that the prices will continue to trend upwards, adding that the highest ASPs have not yet been reflected in this current quarter for the group.
While the roll out of Covid-19 vaccines is expected to cause glove demand and consumption to moderate, the company said it believes that it will likely be gradual and not drop sharply due to the structural change in consumption, such as new consumption, new customers and greatly heightened healthcare and hygiene awareness.
&ldquo Natural rubber glove prices, which have been lagging its nitrile counterpart rather significantly throughout the pandemic, are beginning to gap up in tandem with rising demand as nitrile glove supply becomes more constricted by raw material supply constraints.
&ldquo We are optimistic that our original brand manufacturer (OBM) and Distribution Business Model will exhibit even healthier and stellar performances in the coming quarters,&rdquo it said.
Shares of Supermax ended 24 sen or 3.66% higher at RM6.80, giving it a market capitalisation of RM17.8 billion.
After UG Results out
UG will hit 0.80
Result will be fantastic!! Why still no move?
73.5 just kena walloped...now clearing 74
boyboy61 ( Date: 01-Feb-2021 10:04) Posted:
buyers started to come in....hopefully some upward movement later
Longtermer ( Date: 01-Feb-2021 09:48) Posted:
Glove counters moving up with earnings season started ...
TG up 3.2%
UG up 0.7%
RS same
Supermax up 3.7%
UG will report this Thurs.
Most undervalued glove counter imo..
Buy and hold! Dyodd.
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buyers started to come in....hopefully some upward movement later
Longtermer ( Date: 01-Feb-2021 09:48) Posted:
Glove counters moving up with earnings season started ...
TG up 3.2%
UG up 0.7%
RS same
Supermax up 3.7%
UG will report this Thurs.
Most undervalued glove counter imo..
Buy and hold! Dyodd.
look@bright ( Date: 01-Feb-2021 09:35) Posted:
| fundamental and soild earnings for next 2 years |
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Glove counters moving up with earnings season started ...
TG up 3.2%
UG up 0.7%
RS same
Supermax up 3.7%
UG will report this Thurs.
Most undervalued glove counter imo..
Buy and hold! Dyodd.
look@bright ( Date: 01-Feb-2021 09:35) Posted:
| fundamental and soild earnings for next 2 years |
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fundamental and soild earnings for next 2 years
UG Healthcare today 0.735 up 0.01
Democrat Congressman Stephen Lynch, 65, tests positive to COVID-19 after receiving both doses of Pfizer' s vaccine
www.dailymail.co.uk/news/article-9205321/Rep-Stephen-Lynch-65-tests-positive-COVID-19-receiving-doses-Pfizer-vaccine.html
UG topline and margin increases are quite similar to Supermax results.. UG will report results next Thurs.. All the best to UG longists.
look@bright ( Date: 29-Jan-2021 21:46) Posted:
Profit margin of 50% lifts Supermax 2Q net profit to record RM1.06 bil, declares 3.8 sen dividend
www.theedgemarkets.com/article/profit-margin-50-lifts-supermax-2q-net-profit-record-rm106-bil-declares-38-sen-dividend |
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