26 March 2013

Bought Supermax

New fund injected into portfolio, bought 7500 shares of Supermx at RM1.85. The new investment result in the glove-companies forming ~28% weight in my whole portfolio now.

a glance of Supermax's historical data:



RM Million

Revenue PBT PAT
2003 131.2 20.0 17.4
2004 218.4 34.3 30.2
2005 284.7 39.9 36.3
2006 400.3 47.3 39.8
2007 574.3 58.6 55.9
2008 811.8 52.0 47.0
2009 803.6 151.5 126.6
2010 977.3 183.8 159.0
2011 1,021.4 112.1 104.1
2012 1,048.4 140.2 121.5


Supermx is expanding its surgical glove capacity since 2012. According to the management's plan, the nitrile capacity of Supermx will soon be doubled when its new plants are commissioned by next year. This will cause nitrile-glove forming ~50% of the company's total output. 

This change in product portfolio will deliver a better profit margin, hence great potential of profit growth in near future. It's expansion of distribution business in US and Canada will also position the group to secure greater share in these markets.

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3 comments:

wei chong said...

still keeping? Supermax look like being heavily targeted since the tauke stand up for pkr.

Anonymous said...

but this should be a good chance for buy-in.

invest_klse said...

considering to increase my holding in supermx...

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