When SuperMx Become Superman
For the past 1 year, the Glover Maker Supermx is not performing well in term of stock price...
- Heavy sell down by EPF especially in APRIL 2013
- some people said due to the CEO said he supports DAP in GE...? how true is this?
- No more sell down by EPF since May 2013
- Increase EPS since recent QE
- PE still low around 12 compare to Peers ( Kossan 18, Harta 24, Topglove 18 ), Lagger come to peers
- break through the RM 2.3 resistance today!
- Increase EPS in COMING QE due to weaken of RM to DOLLAR , stand at RM 3.2 ++ to 1 US dollar!!
- Increase of production by the machine implementation
- Nevertheless, its good fundamental! within 10 years, its revenue had multiple 10 x from RM 141 Million to RM 1,120 Million!
Will Supermx continue its uptrend in coming days/ weeks/ months... Let's us watch and see!