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[公司专区] 7106 SUPERMAX 速伯瑪

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发表于 2010-6-12 15:07 | 显示全部楼层
本帖最后由 kia 于 2010-6-12 15:29 编辑
很惊人,我从来没有想过手套可以这样宣传,看来mr.stanley很有决心扩展海外市场。
巴西这块金砖,如果能够吃下真的不是开玩笑的。
lavender17 发表于 2010-6-12 15:00


郑董的确扩展海外市场野心大,企业形像专走高调路线。这点和郭董还真像


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发表于 2010-6-14 15:21 | 显示全部楼层
SUPERMX- EMPLOYEES' SHARE OPTION SCHEME ("SCHEME")  

LISTING'S CIRCULAR NO. L/Q :  57462 OF  2010
Kindly be advised that the abovementioned Companys additional 162,000 new
ordinary shares of RM0.50 each issued pursuant the aforesaid Scheme will be
granted listing and quotation with effect from 9.00 a.m., Monday, 14 June 2010.
SNR MANAGER, ISSUERS


11/06/2010   02:52 PM

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发表于 2010-6-16 13:10 | 显示全部楼层
本帖最后由 x_m_v_p 于 2012-9-20 12:30 编辑

82# kia
SUPERMX- EMPLOYEES' SHARE OPTION SCHEME ("SCHEME")  

LISTING'S CIRCULAR NO. L/Q :  57462 OF  2010
Kindly be advised that the abovementioned Companys additional 162,000 new
ordinary shares of RM0.50 each issued pursuant the aforesaid Scheme will be
granted listing and quotation with effect from 9.00 a.m., Monday, 14 June 2010.
SNR MANAGER, ISSUERS


11/06/2010   02:52 PM


有什么影响?

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发表于 2010-6-16 23:21 | 显示全部楼层
本帖最后由 kia 于 2010-6-16 23:23 编辑
82# kia


请问这会有什么影响吗?
x_m_v_p 发表于 2010-6-16 13:10


那是员工配股,提供员工的一种奖励, 允许员工以较低(固定)价位买进新股。员工是企业最重要的资产。利用员工配股可以让员工们对企业更有归属感,好事来的。当然蓝领外劳就没有认购的福利

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发表于 2010-6-17 11:14 | 显示全部楼层
本帖最后由 x_m_v_p 于 2012-9-20 12:30 编辑
允许员工以较低(固定)价位买进新股


用低价买进新股

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发表于 2010-6-22 13:06 | 显示全部楼层
CIMB Research maintains overweight on rubber glove sector
Written by CIMB Equities Research   
Tuesday, 22 June 2010 08:31

KUALA LUMPUR: CIMB Equities Research said despite the potential hiccups, it remains positive on the rubber glove sector and retain its OVERWEIGHT call.

It said on Tuesday, June 22 the outlook for rubber gloves remains positive as demand is still set to rise by at least 8-10% p.a., led by growth in the usage of medical gloves in emerging countries.

CIMB Research said the results announced during Apr- Jun proved that the rubber glove is a resilient sector and that cost changes have minimal impact on margins due to the transparent method of passing on the previous month’s average latex price and RM:US$ exchange rate to customers.

“We expect earnings for rubber glove players to continue heading higher this year, especially given the additional capacity that is coming in. We make no changes to our earnings forecasts or Outperform calls for all the rubber glove players,” it said.

Its top picks remain are Supermax which sells most of its gloves under its own brand which allows it to command higher margins and gives it a strong presence in markets such as the US and Brazil.

It added that Latexx is well on course for continued growth, thanks to its aggressive expansion and move into the premium segment.

“Our Outperform call remains intact, along with our target price of RM5.44, which we continue to base on an 11.6x P/E or a 30% discount to Top Glove’s target P/E of 16.5x,” it said.

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发表于 2010-6-23 18:57 | 显示全部楼层
SUPERMX- EMPLOYEES' SHARE OPTION SCHEME ("SCHEME")  

LISTING'S CIRCULAR NO. L/Q :  57555 OF  2010
Kindly be advised that the abovementioned Companys additional 4,000 new
ordinary shares of RM0.50 each issued pursuant the aforesaid Scheme will be
granted listing and quotation with effect from 9.00 a.m., Friday, 25 June 2010.
SNR MANAGER, ISSUERS


23/06/2010   04:39 PM

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发表于 2010-7-6 19:32 | 显示全部楼层


恭喜Supermax,恭喜郑董勇夺2010年Billion Ringgit Club大赏

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发表于 2010-7-6 19:35 | 显示全部楼层
本帖最后由 kia 于 2010-7-6 19:37 编辑

Company of the Year
Glove maker Supermax Corp Bhd took home the coveted Company of the Year award. Supermax was recognised for its measurements on profitability and shareholder value creation, plus corporate social responsibility and other qualitative elements that were determined by a panel of judges.

In its citation for the award, The Edge said the Company of the Year award not only reflects Supermax’s entrepreneurial success, it also reflects the strong gains in its share price and profitability over the past three years.

It noted that Supermax is today the second-largest rubber glove manufacturer in the world with a 12% global market share, annual revenue of over RM800 million, and is a global operation with manufacturing plants in Malaysia and distribution centres the world over.

Between 2006 and 2009, Supermax’s pre-tax profit increased over three-fold to RM151.5 million, while revenue doubled to RM803.6 million. The Edge noted that its total return to shareholders, which includes share price gains and dividends, amounted to 44% per year over the three-year period, while annual compounded pre-tax profit growth was a commendable 47%.

Supermax executive chairman Datuk Seri Stanley Thai, who was surprised and delighted, said he did not expect to win the award.

“We got here today through perseverance and teamwork. We put the idea and make it work. The company started as a RM2 company and we are doing well today,” said Thai.

转载:http://www.theedgemalaysia.com/h ... e-launches-brc.html

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发表于 2010-7-6 20:27 | 显示全部楼层
Sunday, July 4, 2010
Supermax Corporation
RECOM Buy
PRICE RM5.88

• Maintain BUY. Supermax’s comments during its briefing at our Small to Mid Cap Conference were broadly in line with our expectations save for one negative surprise – confirmation that the delivery of equipment for its new lines will be delayed by a few months. However, the group is steadfast in its belief that its capacity expansion to 17.6bn pieces this year is on target. Management also confirmed that its progressive expansion plans will lead to higher sales starting 2Q. We maintain our BUY call and hold the view that its upcoming quarters should at least match its 1Q earnings, helped by the progressive expansion and growing demand. These factors could extend the stock’s re-rating. Our target price remains intact at RM9.50, still pegged to 13.2x P/E or a 20% discount to Top Glove’s target P/E of 16.5x. The stock remains one of our top picks for the sector.

• Promising demand outlook. Supermax remains upbeat on its prospects, underpinned by the robust demand outlook. Global consumption of gloves is expected to continue growing at 8-10% annually. There should also be spillover effects from changes in healthcare regulations. Although North America currently dominates Supermax’s sales, management sees promising prospects for the South America and Asian markets, which currently make up only 16% and 6% of Supermax’s sales mix, respectively. For Asia, step-ups in healthcare reforms in the economic powerhouses of China and India are expected to create a new wave of growth.

• 2Q10 earnings to exceed 1Q10? During the presentation, management hinted that 2Q’s financial performance could be even better than 1Q’s core net profit of RM51.5m, thanks to newly installed capacity. But it is sticking to its FY10 earnings guidance of RM168m though it did qualify that this target could be revised upwards again in the coming quarters.

Supermax’s session during yesterday’s small-mid-cap conference was attended by some 28 buy-side analysts and fund managers. The presentation by its director of corporate affairs, Mr Denis Low, covered the group’s business model, financial performance and strategies. Also present were group accountant, Mr. Andrew Lim and accounts executive, Mr Edwin Yong. The subsequent Q&A session addressed queries on the group’s distribution business, its upcoming 2Q results and its product mix, among others.

Moving towards a more favourable product mix... Supermax is looking to expand the higher-margin OBM business from 65% of overall sales to 70% by next year (Figure 1). Management believes in having a strong brand name to promote stability, loyalty and consistency. The increasing dominance of the OBM business will largely helped by the group’s goal of entrenching its position in the dental and scientific laboratory market segment. Notably, Supermax is gunning for the top spot in the US dental market segment by next year. In 1Q10, it was the second largest vendor with an 8.6% share. The US dental market is estimated to be worth about US$700m-800m currently.

… and expanding distribution business too. Management sees promising prospects for the glove distribution business and wants to increase the share of this business from the current 40% to 45%. We gather that the margins for the distribution business are about 30-40%, much higher than the mid-teen margins reaped by its
manufacturing business.

Slight blips in expansion plans. Supermax indicated that there could be some bottlenecks in its expansion due to delays in the delivery of equipment for its new lines such as glove formers and conveyor chains. We are not surprised by this, having highlighted in previous sector reports that rubber glove manufacturers’ expansion could be at risk of equipment delivery. Furthermore, Adventa had made a similar announcement last week. However, Supermax is steadfast in its belief that its capacity expansion to 17.6bn pieces this year is on target. Management also confirmed that its progressive expansion plans will lead to higher sales starting 2Q as the group is upgrading some of its older lines to improve efficiency.

2Q10 earnings to exceed 1Q10? During the presentation, management hinted that 2Q’s financial performance could be even better than 1Q’s, thanks to newly installed capacity. This is in line with our earlier prediction that the company’s remaining quarters could at least match its 1Q’s performance given its expansion and the growth in demand. To recap, Supermax reported 1Q core net profit of RM51.5m. But it is sticking to its FY10 earnings guidance of RM168m though it did qualify that this target could be revised upwards again in the coming quarters. In light of this, we make no changes to our forecast but will monitor the company’s performance closely.

Broadly in line. The company’s presentation and management’s comments were broadly in line with our expectations. The capacity holdup was not a major surprise and does not alter our forecasts as management expects sales to improve in the upcoming quarters, led by additional capacity and growing demand. Reiterate OUTPERFORM. As there are no change to our earnings forecasts, our target price remain at RM9.50, still pegged to 13.2x P/E or a 20% discount to Top Glove’s target P/E of 16.5x. We maintain our BUY call on Supermax as we expect the continued growth of global glove demand and the company’s capacity expansion to extend its re-rating. The stock remains one of our top picks for the sector. Investors with a high risk appetite can consider Supermax’s three call warrants.

Major Shareholders: %
Dato' Seri Thai Kim Sim, Stanley 20.4
Datin Seri Tan Bee Geok, Cheryl 15.1


By CIMB
Analyst:Terence Wong CFA

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发表于 2010-7-7 22:33 | 显示全部楼层
本帖最后由 kia 于 2010-7-7 22:47 编辑

On July 5,2010, Supermax won not just 1 but 3 awards altogether at the award ceremony of The Edge Billion Ringgit Club of the Bursa Malaysia Listed companies:
1) The Company of the Year Award
2) Highest Return to Shareholders over 3 years Award
3) Highest Growth in Profits before tax over 3 years Award

The most Prestigious award was the COMPANY OF THE YEAR as Supermax beats all the 163 member companies in the most exclusive Billion Ringgit Club of the Kuala Lumpur Stock Exchange, Bursa Malaysia listed companies.






















以上是7月5日的现场报导。Supermax 今年连夺三个奖项,实实在在是一间用心为股东们打理生意的企业啊!除了郑鸿标和Nazir,我看好郑董在未来二十年内会成为大马最有影响力的企业家

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发表于 2010-7-9 12:52 | 显示全部楼层
郑董加油!开番靠你了

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发表于 2010-7-10 14:27 | 显示全部楼层
三大巨头同时登上The Edge Weekly News


整大篇幅介绍速柏玛机构

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发表于 2010-7-11 13:33 | 显示全部楼层
12-Month Target Price: MYR8.50

• Supermax reported results that were significantly higher than expectations. 1Q10 net profit of MYR51.5 mln accounted for 34% of our previous 2010 forecast, as margins came in higher than expected.

• Strong glove demand and higher average selling price (ASP) contributed to a 15% YoY rise in 1Q10 revenue to MYR220.7 mln. In addition, better cost efficiency and productivity helped to boost operating margin to 21.6% from 10.6% in 1Q09 and operating profit by 134% YoY to MYR47.6 mln from MYR20.4 mln.

• During the 1Q10 period, latex price surged to an average MYR7.04/kg (+32% QoQ) while USD weakened 1% QoQ against MYR. Despite the headwind, 1Q10 revenue improved 12% QoQ (+8% QoQ in volume sales coupled with +4% QoQ in ASP) while operating profit grew 4% QoQ. Nevertheless, the time lag between adjusting ASP and higher cost (latex) is evident from a marginal squeeze in the operating margin from 23.3% in 4Q09.

• We expect the subsequent quarters to remain robust in terms of glove demand as many customers have delayed orders, considering the recent high latex price. To reflect the stronger 1Q10 margins achieved, we adjust our cost assumptions and lift our 2010 and 2011 earnings estimates to MYR171.7 mln (from MYR152.1 mln) and MYR195.9 mln (from MYR172.3 mln) respectively.

• We maintain our Strong Buy recommendation on Supermax with a higher 12-month target price of MYR8.50 (from MYR7.00), after rolling over our valuation year.

• We utilize a target PER of 11x (from 12x) against our projected 2011 (rollover from 2010) EPS for Supermax and add our estimated tax exempt net DPS for 2010 of 11 sen. The reduced target multiple is in line with the reduction in peer average.

• We expect Supermax to continue benefiting from the continued supply-demand imbalance. The recently approved U.S. Healthcare Reform Bill will also add to the glove demand strength over time, as 32 million uninsured Americans will now gain access to healthcare, which will eventually boost demand for gloves. We continue to retain our positive view on Supermax, given that it trades at an undemanding 2010 PER of 9.9x relative to the forecast 2010 EPS growth of 32%.

• Risks to our recommendation and target price include a sudden downturn in glove demand, volatility in latex price and a significant appreciation of the MYR, as revenue is predominantly derived from exports.

Board: Main
Sector: Industrial Products
GICS: Health Care/Health Care Supplies
Market Value - Total: MYR1,850.9 mln Summary: Supermax Corporation (Supermax) makes latex gloves and is currently the second largest latex glove manufacturer in the country. Supermax was listed on the Second Board of Bursa Malaysia in August 2000 before successfully transferring to the Main Board in October 2003. The stock is a component of FBM EMAS.

Major Shareholders:
Dato' Seri Stanley Thai & family 35%
Koperasi Permodalan Felda 5%
Tabung Haji 5%

By Standard & Poor's
Analyst: Su Peng Ng

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发表于 2010-7-11 18:03 | 显示全部楼层
郑董加油!开番靠你了
GNL 发表于 2010-7-9 12:52


这家公司的股份绝对值得长期持有

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发表于 2010-8-26 13:52 | 显示全部楼层
7106    SUPERMX    SUPERMAX CORPORATION BHD  
Interim Dividend 5% T.E.  

Entitlement Details:
Interim Tax Exempt Dividend of 5%


Entitlement Type: Interim Dividend
Entitlement Date and Time: 20/09/2010  05:00 PM
Year Ending/Period Ending/Ended Date: 31/12/2010
EX Date: 15/09/2010
To SCANS Date:   
Payment Date: 01/10/2010
Interest Payment Period:   
Rights Issue Price: 0.000
Trading of Rights Start On:   
Trading of Rights End On:   
Stock Par Value:   

Share transfer book & register of members will be closed from   to   (both dates inclusive) for the purpose of determining the entitlements  

A Depositor shall qualify for the entitlement in respect of:  
- Securities transferred into the Depositor's Securities Account before 20/09/2010 04:00 PM in respect of ordinary transfers.  
- Securities transferred into the Depositor's Securities Account before     in respect of express transfers.  
- Securities deposited into the Depositor's Securities Account before     in respect of securities exempted from mandatory deposit.  
- Securities not withdrawn from the Depositor's Securities Account as at    .  
- Securities bought on KLSE on a cum entitlement basis according to the Rules of the KLSE.  

Registrar's Name and Contact:
Tricor Investor Services Sdn. Bhd.
(Company No. 118401-V)
Level 17, The Gardens North Tower,
Mid Valley City, Lingkaran Syed Putra,
59200 Kuala Lumpur
Tel No. 03-2264 3883


Remarks:
N/A


Submitted By:
Lim Lee Kuan


26/08/2010   12:39 PM

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发表于 2010-8-26 13:54 | 显示全部楼层
本帖最后由 kia 于 2010-8-26 14:24 编辑

CIMB的最新报告:

http://eresearch.bursamalaysia.c ... 5&type=research

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发表于 2010-8-26 17:55 | 显示全部楼层
速伯瑪:盈利漲78%
派息2.5仙
(吉隆坡26日訊)膠手套行業續發光,速伯瑪(SUPERMX,7106,主要板工業)第二季稅后盈利按年激漲78%,達4585萬6000令吉,每股派發2.5仙中期股息。

該公司向馬證交所報備說,國際膠手套市場需求強勁,加上產品價格高企,帶動截至6月30日次季,速伯瑪營業額從1億8848萬5000令吉,增長24.6%至2億3482萬5000令吉。

“儘管營運環境充滿挑戰,集團盈利仍保持成長,稅前盈利和稅后盈利,分別增長55.8%(1750萬令吉)及77.9%(2010萬令吉)。”

速伯瑪指出,銷售表現佳、成本節省奏效及生產效率提高,從而促進盈利上漲。

橡膠價格在次季攀漲至歷史高點,同時令吉走強,利潤受到壓縮,拖累稅后盈利按季下跌10.9%。

速伯瑪首半財年營業額達4億5547萬7000令吉,按年增加20%,淨利從4549萬令吉大漲1.1倍至9732萬9000令吉。

該公司說,膠手套領域中長期依舊亮眼,高漲的橡膠價格和令吉升值,皆屬暫時性風險,未來走勢將會有調整。

“國際膠手套需求和使用量,每年享受8至10%的自行成長,估計此勢頭將持續,美國依然是最大消費市場,佔整體市場約40%。”

中國正在探討保健改革,一旦落實,將為膠手套市場打開新篇章

http://www.chinapress.com.my/con ... mp;art=0827bs06.txt

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发表于 2010-8-26 22:00 | 显示全部楼层
Supermax 2Q earnings jump 77.9% to RM45.8m

KUALA LUMPUR: Supermax Corp Bhd posted RM45.85 million in earnings in the second quarter ended  June 30, up 77.9%  from RM25.78 million a year ago, underpinned by strong revenue growth, cost savings and productivity.

The glove maker said on Thursday, Aug 26 group revenue rose by 24.6% or RM46.34 million to RM234.82 million from RM188.48 million a year ago, on the back of strong global demand for rubber gloves as well as higher selling prices.

“However, despite a challenging operating environment, the group did well to record profitability growth over the corresponding quarter a year ago,” it said.

Supermax said profit before tax and profit after tax rose by 55.8% (RM17.5 million) and 77.9% (RM20.1 million) respectively. The improvement in profitability is attributed to the revenue growth as well as cost savings from higher efficiency and productivity from improved processes and refurbished lines.

It declared dividend of 2.5 sen a share.

http://www.theedgemalaysia.com/b ... -779-to-rm458m.html

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发表于 2010-9-16 17:50 | 显示全部楼层
SUPERMX (7106) or in full Supermax Corporation Berhad is listed at the Main Board of Bursa Malaysia.

SUPERMX is a world class latex glove conglomerate and also leading international manufacturer, distributor and marketer of high quality medical gloves.
Since the appreciation of “Ringgit” is strong against the USD, all latex companies is Malaysia is being hit badly. Read more on the blood bath of the latex companies in Malaysia :- SUPERMX, TOPGLOV, LATEXX, KOSSAN - Blood bath and red alert

SUPERMX is not spared also with the ever increasing of latex prices.

Some financial highlights of SUPERMX :-

EPS Q1, Q2 = (18.97, 13.51)sen
Total EPS for 2 Quarters = 18.97+13.51 = 32.48sen
Estimated EPS for 4 Quarters ~ 32.48×2 = 64.96sen
Closing price (15/09/2010) = RM4.63
Estimated Per Earning Ratio (PE) ~ 463/64.96 = 7.13

Conclusion

SUPERMX falls on my cup of tea which is fundamentally strong with a PE less then 10.

Pretty sure “Ringgit” appreciation towards USD have come close to bottom.

http://www.kampunginvestor.com/supermx-7106/

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