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Hot Stock Supermax up 3.6% after MIDF Research starts coverage

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Hot Stock Supermax up 3.6% after MIDF Research starts coverage

Post by Cals Sat 07 Nov 2015, 02:25

Hot Stock

[size=28]Supermax up 3.6% after MIDF Research starts coverage

By Surin Murugiah / theedgemarkets.com | November 6, 2015 : 10:04 AM MYT

KUALA LUMPUR (Nov 6): Shares of Supermax Corporation Bhd ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 1.00) jumped 3.6% this morning after MIDF Research initiated coverage on the stock with a”Neutral” rating and target price of RM2.09.

At 9.42am, Supermax rose 8 sen to RM2.31 with 4.09 million shares done.

In a note today, MIDF Research said Supermax was a pioneer of OBM gloves in Malaysia with a wide export market to over 155 countries

“Completion of Plants 10 and 11 to increase capacity by 30%. Stock currently trading at a comparatively low PER of 14x.

“Initiate Supermax with a Neutral stance at target price of RM2.09 per share based on PER16 of 14x,” it said.
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Cals: Administrator; Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
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Comments : â€œMy plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis

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