【SUPERMX 7106 交流专区】速伯玛

Mr.Business

DATUK SERI STANLEY THAI
Group managing director
Supermax Corp Bhd

Can 2007 be described as a year of mergers and acquisitions (M&As) in Malaysia and worldwide?

M&As are the way to go. Size matters when it comes to global competition. M&A activities will continue in the corporate sector in Malaysia and further consolidation of the financial services sector via M&As worldwide is expected in 2008 and beyond.


In what way has your group benefited or will benefit from M&As you have completed or proposed?

As a result of M&A activities, our group has grown much larger in terms of size and capacity. A larger size does give us better visibility, especially to multinational customers, as it enhances their confidence in doing business with us.  

It has given us greater competitive advantage in terms of operational efficiency, expansion of market reach, enhanced our capability and enlarged our capacity to compete as well as further strengthen our market leadership globally.  

Ultimately, it has enhanced our group earnings and, at the same time, allowed us to maintain global competitiveness.


How will the M&As you have completed or proposed enhance your company’s standing in the eyes of investors?

The M&A activities that we have undertaken were solely based on a long-term business decision for Supermax.  

The current price/earnings (PEs) of Supermax may not be reflective of our long-term plans for now as it is considerably low compared with that of Bursa’s companies and the PEs of our peers.  

We have completed three M&As since 2003 and the effects of M&A exercises can only be seen after some period. We continue to be very focused on our business and would be able to deliver the investment returns and added value to all our shareholders.

On this note, I am happy to say that Supermax's fourth-quarter results saw the positive first-quarter consolidation of the financial results of Supermax and Seal Polymer into a single enlarged entity.


Will you be on the lookout for further M&As to strengthen your position?

Yes, definitely. The industry is consolidating and there are opportunities for M&As.  

However, we are more experienced this time and hence may do things differently where a more thorough due diligence on target company/companies is mandatory.  

Conducting site audit and carrying out financial due diligence on competitors are tough decisions to be agreed upon by the sellers.  

However, we will have to make it a prerequisite in all our future M&As.  


Please share some insights on the challenges in your industry and what needs to be done.

In a globalised world, the main challenges we face in the glove industry are:

# Continuous volatility of material costs such as commodity prices, the volatility of natural rubber latex prices and synthetic latex prices;

# Volatility of US dollar against ringgit;

# Volatility of fuel costs; and

# Shortage of middle management professional managers in Malaysia.

We work under this challenged environment all the time and yet we rise to the occasion every time. Hence, we have been quite good in managing volatility and fluctuation of costs.  

We do not believe in speculation of commodity prices, thus speculative losses, if any, are minimised.  

However, a new challenge has emerged. The shortage of middle management professional managers is affecting all sectors and businesses operating in Malaysia.

Malaysia is facing an acute shortage of middle management personnel as we see professionals, such as accountants, marketing personnel and engineers, lured to more lucrative jobs overseas. These come with better incentives and less restriction on career advancement.

Countries that are benefiting from Malaysians brain drain are China, Vietnam, India, Singapore and certain Middle Eastern countries.  

English and Mandarin-speaking managers are being lured to China and Vietnam. Accountants and financial managers are being recruited in Singapore for overseas postings.  

Professional managers are being recruited to work in the Middle East where they enjoy free personal income tax.  

We have foreseen this and, since 2000, we have started opening up overseas marketing offices and distribution centres in the US, Canada, Brazil, Europe and Australia, and a manufacturing facility in Vietnam.  

This move enables us to create better career opportunities for our people.

http://biz.thestar.com.my/news/story.asp?file=/2008/1/2/business/19875824&sec=business

[ 本帖最后由 Mr.Business 于 2-1-2008 05:01 PM 编辑 ]

Mr.Business

新闻。

S&P sees 50pc rise in Supermax net earnings

The equity research services firm is resuming its coverage on Supermax with a strong buy recommendation and a 12-month target price of RM3
      
Published: 2008/01/04

STANDARD & Poor’s (S&P) has projected latex glove manufacturer Supermax Corp to grow its net earnings by 45 per cent and 50 per cent in 2007 and 2008 respectively.

The projection was based on the group consolidating 100 per cent of Seal Polymer Industries and increasing production capacity by 10 per cent and 18 per cent in 2007 and 2008 respectively, the equity research services firm said today.

Supermax completed its privatisation of Seal Polymer on September 18, 2007, whereby the enlarged group will have a production capacity of 16 million pieces of gloves annually.

“Following the acquisition, management is turning its attention towards expanding and upgrading Seal Polymer’s existing capacity to improve production and efficiency,” S&P said in a statement.

Supermax has upgraded the Ayer Tawar plant by removing nine old production lines and replacing them with eight new lines.

It has also put in 10 new lines for the production of nitrile gloves in its plant in Kamunting, Perak, in December 2007 and will start commissioning these lines gradually from this month onwards.

At its own plants, Supermax is planning to add another 1.7 billion pieces of capacity in 2008.

S&P said risks included potential delays in the commissioning of new lines, possible integration issues from the enlarged entity and an appreciating ringgit “as revenue is predominantly derived from exports”.

“We are resuming our coverage on Supermax with a strong buy recommendation and a 12-month target price of RM3.00,” it said.

“Our target price is based on a relative valuation method using price-earning ratio (PER).”

According to S&P, Supermax should be re-rated upwards, given its potential realisation of cost synergies from the Seal Polymer privatisation and sustained operational turnaround and successful implementation of its 12.95 per cent associate APL Industries’ restructuring scheme.

Supermax ended yesterday’s session on Bursa Malaysia at RM2.16 sen a share. — Bernama

http://www.btimes.com.my/Current ... /Article/index_html

[ 本帖最后由 Mr.Business 于 5-1-2008 10:32 AM 编辑 ]

Mr.Business

新闻。

Monday January 7, 2008

Stock watch

BY FINTAN NG

Supermax

STANDARD & POOR'S has a "strong buy" call and a 12-month target price of RM3 on the country's second-largest latex glove manufacturer. The target price was based on price-to-earnings ratio of 9 times against projected 2008 earnings per share and estimated tax-exempt net dividend per share of 3.3 sen for 2007. It noted that Supermax should be re-rated upwards because of potential cost synergies from the privatisation of Seal Polymer Industries and sustained operational turnaround as well as successful restructuring of associate APL Industries.

http://biz.thestar.com.my/news/s ... 931085&sec=business

Mr.Business

速伯瑪與Tillotson簽丁晴手套專利協議

2008-01-09 19:01

（吉隆坡訊）速伯瑪（SUPERMX，7106）與美國Tillotson機構就丁晴手套專利達成協議，成為全國第一家簽約的手套公司。

根據雙方協議，速伯瑪將繳付105萬美元（約344萬令吉）予Tillotson機構，作為部份結算費。

同時，從今年4月起，速伯瑪也會以每1000隻手套1美元與2美元的比例，分別將權利金付給註冊與未註冊的經銷公司。

速伯瑪執行主席與集團董事經理拿督斯里鄭金森在文告中說，由於這批權利金開銷早從2007年8月起納進預算，相信不會為集團盈利帶來影響。

他補充，專利結算費僅會造成輕微影響，因為可透過對美銷售丁晴手套抵銷。

與Tillotson機構簽約的包括速伯瑪屬下6家公司，分別是斯保利（Seal Polymer）機構、速伯瑪製造公司、Maxter手套製造公司、速伯瑪乳膠產品公司、速伯瑪公司與亞太工業（APLI，5479）子公司亞太乳膠公司。

擁有丁晴手套專利權的美國Tillotson機構，向速伯瑪等全球多家涉及代工生產丁晴手套的廠商提出侵權控訴。一旦勝訴，所有出口到美國的丁晴手套，須繳交每1000隻手套2美元的權利金。

http://biz.sinchew-i.com/node/8577?tid=6

Mr.Business

新闻。

09-01-2008: Supermax signs licence pact with Tillotson

by Sharon Tan

KUALA LUMPUR: Supermax Corporation Bhd has agreed to pay US$1.05 million (RM3.46 million) as part of its settlement and licence agreement with Tillotson Corporation, the US-based owner of the nitrile glove patent to ensure uninterrupted supply and avoid unnecessary legal suits.

Effective April 2008, Supermax will also pay royalties of US$2 per 1,000 gloves for sale of nitrile gloves to unlicensed distributors and US$1 per 1,000 gloves to licensed distributor as part of the agreement.

The licence agreement also covers companies in the Supermax Group — Seal Polymer Corporation Bhd, Supermax Manufacturing Sdn Bhd, Maxter Glove Manufacturing Sdn Bhd, Supermax Latex Products Sdn Bhd, Supermax Inc and Asia Pacific Latex Sdn Bhd, a unit of APL Industries Bhd.

“The royalties have been budgeted (since August 2007) into all forward sales of nitrile gloves to the US market. The royalties does not in any way affect our bottom lines for sales of nitrile gloves under licence. The value of the settlement will have minimal impact on our financial year 2008 (FY08) accounts due to the trade-off from the revenue increase in sales for nitrile gloves to the US market,” said its executive chairman and group managing director Datuk Seri Stanley Thai in a statement yesterday.

Unlike other glove makers in Malaysia, Supermax did not participate in forming a committee to defend the suit from Tillotson thus avoiding a costly action to challenge the infringement of a US patent that has been effect since 1977.

http://www.theedgedaily.com/cms/ ... a-39060b00-97d14ac0

小树-TT

SUPERMX(7106)  1.83 最近怎么样了?

东邪

7106

Changes in Sub. S-hldr's Int. (29B)

Particulars of Shareholder 36 Name : Atlantis Investment Management Ltd NRIC/Passport No./Company No. : 2957432 Nationality/Country of Incorporation : United Kingdom Address: 4th Floor, 30-34 Moorgate, London, EC2R 6DN Descriptions (Class and Nominal Value): Ordinary Shares of RM0.50 each Name and Address of Registered Holder: Atlantis Investment Management Ltd 4th Floor, 30-34 Moorgate, London, EC2R 6DN Details of Changes Date of Notice : 07/02/2008 Transactions: No. Date Transaction Type No of Shares Price (RM) 1. 05/02/2008 Disposed 20,000 - Circumstances by reason of which change has occurred: Disposal of shares Nature of Interest: Direct Consideration: No of Shares Held After Changes: Direct : 0 shares (0.0000%) Indirect/Deemed Interest : 0 shares (0.0000%) Total : 14,857,000 shares Remarks: N/A Submitted By: WONG WEI FONG

11/02/2008   05:50 PM

invest_klse

原帖由 小树-TT 于 11-2-2008 03:43 PM 发表
SUPERMX(7106)  1.83 最近怎么样了?

正在大减价。。。

东邪

7106

Changes in Sub. S-hldr's Int. (29B)

Particulars of Shareholder 36 Name : Atlantis Investment Management Ltd NRIC/Passport No./Company No. : 2957432 Nationality/Country of Incorporation : United Kingdom Address: 4th Floor, 30-34 Moorgate, London, EC2R 6DN Descriptions (Class and Nominal Value): Ordinary Shares of RM0.50 each Name and Address of Registered Holder: Atlantis Investment Management Ltd 4th Floor, 30-34 Moorgate, London, EC2R 6DN Details of Changes Date of Notice : 12/02/2008 Transactions: No. Date Transaction Type No of Shares Price (RM) 1. 11/02/2008 Disposed 57,600 - Circumstances by reason of which change has occurred: Disposal of Shares Nature of Interest: Direct Consideration: No of Shares Held After Changes: Direct : 0 shares (0.0000%) Indirect/Deemed Interest : 0 shares (0.0000%) Total : 14,799,400 shares Remarks: N/A Submitted By: WONG WEI FONG

13/02/2008   05:30 PM

khliew7

原帖由 东邪 于 13-2-2008 08:41 PM 发表

7106           Changes in Sub. S-hldr's Int. (29B)
Particulars of Shareholder 36
Name:Atlantis Investment Management LtdNRIC/Passport No./Company No.:2957432Nationality/Country of Incorporation: ...

SUMMARY OF KEY FINANCIAL INFORMATION

31/12/2007

		INDIVIDUAL PERIOD	CUMULATIVE PERIOD
	CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31/12/2007	31/12/2006	31/12/2007	31/12/2006
		RM'000	RM'000	RM'000	RM'000
1	Revenue	188,754	112,030	582,133	389,140
2	Profit/(loss) before tax	17,813	11,480	67,164	47,242
3	Profit/(loss) for the period	15,481	9,612	59,414	40,839
4	Profit/(loss) attributable to ordinary equity holders of the parent	15,481	9,612	59,414	40,839
5	Basic earnings/(loss) per share (sen)	6.68	8.56	25.63	36.37
6	Proposed/Declared dividend per share (sen)	1.75	0.00	3.50	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent (RM)	1.6900		1.0600

Mr.Business

Supermax的票数是265.24 million股，2007年的净利是RM59.414 million，所以EPS是RM0.224，股价是RM1.75，所以PE是7.8。

SUPERMX
(7106) 20:56:47
Last Done        1.750
Change        -0.030
Day High        1.780
Day Low        1.700
Best Buy        1.730
Best Sell        1.740
Volume(Lot)        124

Mr.Business

新闻。

Supermax enjoys 61pc hike in profit after tax
       
Published: 2008/02/28

SUPERMAX Corporation Bhd’s profit after tax for the fourth quarter ended December 31, 2007 increased 61 per cent to RM15.48 million from RM9.61 million in the previous year’s corresponding quarter.

Revenue rose 68.5 per cent to RM188.75 million from RM112.03 million previously.

Releasing its unaudited results yesterday, the company attributed the rise in its revenue mainly to Seal Polymer Industries Bhd’s increased output from its Alor Gajah plant and the continuous strong demand for rubber gloves worldwide.

For the full year, Supermax recorded a revenue of RM582.13 million against RM389.14 million a year before while profit after tax was RM59.41 million. — Bernama

http://www.btimes.com.my/Current ... 0228223230/Article/

悶蛋

虽然诸葛亮是被罗贯中给神化了没错，
但是论贡献，论政治眼光等等，
诸葛亮还是比司马懿好的，
说回手套吧，这场仗胜负未见分晓，
但是很明显的supermax的赚幅仍是比topglove好的，
到底最后结果如何。。。
也许他们两比我们更紧张吧

Mr.Business

Supermax的债务这么高。。。

invest_klse

哈哈。。。意外发现。

大家一直都感到奇怪，为什么 Supermx 会甘愿给 Tillotson 知识产权费？

我，还以为是 Supermx 是很尊重知识产权呢。


原来。。。


Tillotson 是 Spolymer 的顾客。

三年前，Spolymer 的 IPO 中，有这么个资料：

悶蛋

手套业目前是遭众人唾弃的行业
有别于topglov的财大气粗，
supermax的默默无闻似乎更能体现目前市场给它们的定位价，
也许我的最后那一点资金会用来购买supermx吧

Blog

香港爆发流感将打击旅游业和零售业-京华山一
大 | 中 | 小2008年3月13日 14:55

京华山一证券称，香港爆发流感将打击本月的旅游业收入和零售销售。经济学家Henry Li称，目前流感在学校范围内的爆发对旅游业的影响有限。

然而，如果进一步蔓延至更广泛的社区，不利影响将加剧，并拖累3、4月份的旅游业收入和零售销售。在流感导致三名学生死亡后，香港政府前夜宣布关闭幼儿园和小学两周。香港1月份的零售销货额较上年同期增长23.2%，12月份增长16.9%，因为农历新年假期前本地消费强劲。2月份的零售数据将于4月1日公布，3月份的数据将于4月29日公布。

Blog

Hong Kong Shuts Schools to Halt Flu Following Deaths (Update4)

By Le-Min Lim and Chia-Peck Wong

March 13 (Bloomberg) -- Hong Kong shut all primary schools and kindergartens, halting classes for more than half a million students, after four children with flu-like symptoms died.

``We have been working closely with the Department of Health and the secondary schools the last few days to know more about this spread,'' said Anna Chan, an officer with the Education Bureau. ``The young get contaminated more easily.''

Hong Kong announced the closures late yesterday, five years after severe acute respiratory syndrome killed 299 people and crippled the city's economy. The government closely monitors influenza outbreaks, with the airport screening all incoming passengers for signs of fever.

``At this time of the year, it's a viral soup everywhere,'' said Peter Cordingley, the Manila-based spokesman for the World Health Organization's Western Pacific region. ``There is nothing exceptional in what is happening in Hong Kong at the moment.''

Two of the children who died tested positive for influenza A, the Health Department said. It declined to cite influenza as the cause of the deaths. Another two children died after suffering flu-like symptoms, the department said, adding that tests haven't yet confirmed the presence of influenza A.

`Little Drastic'

Closing schools ``might be a little drastic, but it's a reassurance to the community,'' Hong Kong Secretary for Food and Health York Chow told reporters today.

The influenza viruses circulating in Hong Kong this year are predominantly type B and a variant of the type A (H3N2) strain that caused epidemics in Australia last year, including the deaths of three children, said John Nicholls, associate professor of pathology at the University of Hong Kong.

In Hong Kong, ``there is a large number of kids being infected,'' he said. Actual deaths from the disease are still very low, he said in an interview yesterday.

A 7-year-old boy died at the city's Tuen Mun Hospital and the school closed amid the flu outbreak, state broadcaster Radio Television Hong Kong reported. A 3-year-old and 27-month-old have also died. No common factors between the deaths have been identified at this stage, according to the government.

`High Anxiety'

``If you look back to SARS, you can understand why there is a high level of anxiety in Hong Kong,'' WHO's Cordingley said. ``Hong Kong is a very jam-packed-tight type city and it's the perfect place for transmission lines to thrive.''

The deaths will be investigated to see whether the virus is mutating, Yuen Kwok-yung, a University of Hong Kong professor in microbiology, said at a press conference yesterday.

The Hospital Authority said it has earmarked HK$20 million ($2.6 million) to implement measures up to the end of April to cope with a surge in demand for public hospital services.

Flu outbreaks were confirmed at three primary schools yesterday, the Centre for Health Protection said on its Web site. The outbreak is suspected to have spread to 20 other schools, it said.

Last week, 13 cases were confirmed, still below the peak of 22 recorded during 2007's flu season, the center, part of the government's health department, said. Hospital admission rates due to flu among children younger than five years old and the elderly, while rising, are still below those recorded during the peak seasons in the past two years, the center said.

Hong Kong had 140,783 kindergarten and 410,516 primary students the school year ended July 2007, according to the Hong Kong Education Bureau's Web site. The closures affect children aged between 3 and 11.

Blog

SARS ??????????????????

huang_su_lang

忍了这么久。。。终于想发表一下。

２００５年买了TOPGLOVE不久就放了，赚得不错，但后来越起越高。一边捶心肝，一边开始发现及研究SUPERMAX，慢慢买入至２００７，平均价是RM１。６７(after split)，共一万多股。有些低价买的回酬曾高达７０多％，不过一直沿用KLSE８K 的看法，如股价没开番就卖，会有些可惜（卖了可能买不回这么低价）。

这些年来慢慢发现，不熟不做，STANLEY THAI在媒体上说的每年２０％－３０％成长，真的做到了。股价方面，如果没有APLI事件和美国的loyalty 事件，不会跌个不休。

心得？只要成长保持２０－３０％，现在的价钱不错，信心还是有的。当然，也在锻炼自己的耐心。WARREN BUFFETT 曾说，＂如果你没有能接受股价跌５０％的胆量，就不适合投资股票＂。果然是名句！



P/S:本人也拥有ADVENTA 股份，一来不熟不做，二来也是看好每年２０－３０％的成长。哈。。。