Supermax Corporation Berhad

Titan Trading Notes For Thursday [17/4/2025]:

KLCI retraced back towards the 1476 points region with an overall negative market sentiment as we saw over 570 counters closing red for the day today. Daily trading volume settled around the 2.9 billion mark, which is still average.

Main stocks that showed strong buying momentum would be the likes of PERTAMA, TANCO, SUPERMX, AUMAS, and CIMB. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market sentiment

$SUPERMX / 7106 (SUPERMAX CORPORATION BERHAD) since retracing from the RM 0.89 regions all the way back towards its RM 0.81+ support, been able to hold well and bounced back towards the RM 0.85 regions today with good volume and buying momentum despite the weak market sentiment.

Seems to have formed its higher low regions here already and if able to sustain, could trend back up towards the RM 0.85 - RM 0.89+ major resistance levels soon in the coming weeks for an uptrend continuation pattern.

Will be monitoring SUPERMX closely.

$GREATEC / 0208 (GREATECH TECHNOLOGY BERHAD) although had a decent rebound back towards the RM 1.40 regions, retraced back towards the RM 1.26 levels today with some selling pressure still persisting on here.

With that, could be headed lower towards the RM 1+ major support levels on the weekly charts soon in the coming few weeks until we see a more meaningful rebound as global tech stocks resume its sell offs.

Will be monitoring GREATEC closely

Titan Trading Notes for Friday [4/4/2025]

KLCI retraced back towards the 1518 points region with an overall mixed market sentiment as we still had over 540 counters closing red for the day along with it. This came after Trump announced retaliatory tariffs on most countries. Daily trading volume settled low around the 2.5 billion mark, not a good sign.

Main stocks that showed strong buying momentum would be the likes of TOPGLOV, SUPERMX, HARTA, KOSSAN, NEXG, TANCO, NATGATE, MRCB, and AXIATA. All of which were able to sustain their rallies throughout the day on the top volumes list.

$SUPERMX / 7106 (SUPERMAX CORPORATION BERHAD) since consolidating over the past few weeks back around the RM 0.70+ main support levels, was able to breakout strong all the way back towards the RM 0.82+ regions with huge volume and buying momentum as gloves won't be as affected by the tariffs.

For now looking quite decent here and as long as able to sustain above its RM 0.75+ support levels on the daily chart, could breakout all the way back towards the RM 0.83 - RM 0.85+ regions in the coming weeks for a further rebound.

Will be monitoring SUPERMX closely.

$MNHLDG / 0245 (MN HOLDINGS BERHAD) on the other hand been able to hold quite well above its RM 1+ main support levels over the past few weeks here despite the weak market sentiment and was able to do so with decent volume.

For now looking quite strong here and as long as able to sustain above its RM 1.05+ immediate support, could breakout from its RM 1.10+ major resistance levels and start trending up back towards the RM 1.20+ regions once more for an uptrend continuation pattern.

Will be monitoring MNHLDG closely.

Looking at global market sentiment since Trump announced huge retaliatory tariffs on all its trading partners, Bursa Malaysia is actually holding up quite well here already due to high value companies and strong local institution support.

For now we are just facing a lack of liquidity here due to huge foreign fund outflows. Have to be very patient and monitor it closely while not making any rash trading decisions.

Titan Trading Notes For Tuesday [4/2/2025]:

KLCI closed back red around the 1553 points region with an overall mixed market sentiment as we still saw over 580 counters closing red for the day. Daily trading volume remains low around the 2 billion mark with foreign funds still selling.

Main stocks that showed strong buying momentum would be the likes of SUPERMX, MAG, TOPGLOV, KOPI, GAMUDA, IJM, HARTA, SCGBHD, CTOS, RL, and JFTECH. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market sentiment.

Following US's tariffs on China, $SUPERMX / 7106 (SUPERMAX CORPORATION BERHAD) had a huge breakout all the way towards the RM 1.23+ regions with huge volume and buying momentum today as it has a high exposure in the US market and likely will benefit from this.

Definitely the main star for the day here and as long as able to hold above its RM 1.18+ immediate support, could continue to trend up towards the RM 1.30+ major resistance levels soon in the coming few days.

Will be monitoring SUPERMX closely as it's leading the glove sector.

$TOPGLOV / 7113 (TOP GLOVE CORPORATION BHD) on the other hand also had a decent breakout back towards the RM 1.25 regions with good volume and buying momentum here following US tariffs on China gloves.

So far looking quite strong her and as long as able to hold above its RM 1.20 immediate support on the daily chart, could trend back up towards and beyond the RM 1.30+ major resistance levels soon.

Will be monitoring TOPGLOV closely as expecting gloves to be the main theme in the coming weeks.

$GENETEC / 0104 (GENETEC TECHNOLOGY BERHAD) since retracing back towards its RM 1.38+ main support levels last week, been able to hold well and rebounded back towards the RM 1.53 regions today with good volume despite the mixed market sentiment.

Now looking quite healthy and on track to recovery here. As long as able to hold above its EMA 200 support of RM 1.47, could continue to trend back up towards the RM 1.80+ regions soon in the coming weeks for further recovery.

Will be monitoring GENETEC closely

$SUPERMX / 7106 (SUPERMAX CORPORATION BERHAD)
Research Reports by RHB

Titan Trading Notes For Monday [30/12/2024]:

KLCI had a decent breakout back towards the 1628 points region with an overall positive market sentiment as KLCI window dresses to close for the year of 2024. Overall daily trading volume remains relatively low as we ended the day with only 2.8 billion.

Main stocks that showed strong buying momentum would be the likes of MYEG, JCY, CUSCAPI, SUPERMX, ECA, TOPGLOV, UEMS, EKOVEST, GAMUDA, TENAGA, MRCB, SIMEPROP, TANCO, MUIIND, IWCITY, HAWK, and DNEX. All of which were able to sustain their rallies throughout the day on the top volumes list.

$MYEG / 0138 (MY E.G. SERVICES BERHAD) since breaking out from its RM 0.915+ main downtrend resistance with good volume and buying momentum earlier this month, been able to sustain its buying momentum over the past few weeks.

On Friday, was even able to breakout back towards the RM 0.97 regions with good volume and buying momentum. So far as long as able to hold above its RM 0.94+ immediate support, could continue to trend back up towards the RM 1+ regions soon.

Will be monitoring MYEG closely here as seems to be starting to trend back up soon.

$SUPERMX / 7106 (SUPERMAX CORPORATION BERHAD) on the other hand since breaking out towards the RM 1.20+ regions, had been able to hold well above the RM 1.18 support over the past week despite the mixed market sentiment.

On Friday, it was even able to breakout back towards the RM 1.29 regions with good volume and buying momentum here. Looking very strong here and as long as able to sustain above its RM 1.22+ immediate support, could continue to trend back up towards the RM 1.30+ regions soon.

Will be monitoring SUPERMX closely here as it's one of the strongest glove counters that are trending back up now.

$SUNCON / 5263 (SUNWAY CONSTRUCTION GROUP BERHAD) since consolidating within a huge symmetrical triangle pattern over the past 5-6 months on the daily chart, was able to breakout from its RM 4.60+ major resistance levels over the past week and hold strong above it.

On Friday, it was even able to breakout towards the RM 4.73+ regions with good volume here. If able to sustain, could trend back up towards the RM 5+ major resistance levels in the coming weeks for an uptrend continuation pattern.

Will be monitoring SUNCON closely here

$SUPERMX / 7106 (SUPERMAX CORPORATION BERHAD)
Research Report by TA

Titan Trading Notes For Thursday [19/12/2024]:

KLCI had a slight rebound back towards the 1599 points region with an overall mixed market sentiment as we still saw over 500 counters closing red for the day. Daily trading volume remains low around the 2.5 billion mark, which isn't so good.

Main stocks that showed strong buying momentum would be the likes of TOPGLOV, YNHPROP, TANCO, JTGROUP, PESTECH, YBS, JCY, MUDAJAYA, HARTA, SDCG, and SUNWAY. All of which were able to sustain their rallies throughout the day on the top volumes list despite the mixed market sentiment.

$SUPERMX / 7106 (SUPERMAX CORPORATION BERHAD) was definitely the star player today as it was able to breakout all the way towards the RM 1.23 regions with huge volume and buying momentum despite taking a little hit over the past 2 trading days.

For now looking very bullish here and as long as able to sustain above its RM 1.13 immediate support on the daily chart, could continue to trend back up towards the RM 1.30+ regions soon in the coming weeks for an uptrend continuation pattern.

Will be monitoring SUPERMX closely here as may be the main theme running.

$CLOUDPT / 0277 (CLOUDPOINT TECHNOLOGY BERHAD) since breaking out towards the RM 0.94 regions earlier this month, been consolidating over the past 2 weeks here with RM 0.89+ as the main support levels and was even able to breakout towards the RM 0.95+ regions today with good volume.

So far looking quite bullish here and if able to sustain, could continue to trend back up towards its RM 1.05 all time high levels soon in the coming weeks for an uptrend continuation pattern.

Will be monitoring CLOUDPT closely here

$YTLPOWR / 6742 (YTL POWER INTERNATIONAL BHD) since breaking out towards its RM 3.80+ major resistance levels earlier this month, been consolidating over the past few weeks with RM 3.60+ as the main support levels on the daily chart here.

So far seems to be forming a potential higher low region already on the daily chart. If able to sustain, could breakout from its RM 3.80+ major resistance levels once more and start trending up back towards the RM 4.10+ regions soon in the coming weeks.

With MACC clearing its case on the 1Bestarinet issue, I expect the market to react positively to this news tomorrow. Will be monitoring it closely

Titan Trading Notes For Wednesday [11/12/2024]:

$KLCI closed slightly red back towards the 1608 points region today with an overall mixed market sentiment as we saw over 510 counters closing red along with it for the day. Daily trading volume settled low around the 2.7 billion mark.

Main stocks that showed strong buying momentum would be the likes of TOPGLOV, SUPERMX, JCY, YNHPROP, GENETEC, MICROLN, JHM, PCHEM, GTRONIC, HARTA, and GAMUDA. All of which were able to sustain their rallies throughout the day on the top volumes list despite the mixed market sentiment.

$TOPGLOV / 7113 (TOP GLOVE CORPORATION BHD) since breaking out from its RM 1.15+ major resistance levels earlier last week, had been able to sustain its buying momentum and rallied all the way towards the RM 1.40 regions today despite being overbought here on the daily chart.

Although still facing some selling pressure around the RM 1.40 regions, as long as able to sustain above its RM 1.30 immediate support, could continue on this parabolic rally soon.

Will be monitoring TOPGLOV closely here as something big seems to be brewing here.

$SUPERMX / 7106 (SUPERMAX CORPORATION BERHAD) on the other hand also was able to perform well today, breaking out all the way towards the RM 1.10 regions with good volume and buying momentum despite the mixed market sentiment.

For now looks like on a parabolic rally here and despite being overbought, still not showing any signs of weakness yet. If able to sustain above its RM 1.03+ immediate support, could continue on towards the RM 1.15+ regions soon for an uptrend continuation pattern.

Will be monitoring SUPERMX closely here.

$CORAZA / 0240 (CORAZA INTEGRATED TECHNOLOGY BERHAD) since breakout from its RM 0.48 main downtrend resistance levels over the past week, had been able to sustain the buying momentum and even broke out towards the RM 0.575 regions here with good volume and buying momentum despite being overbought.

So far looking quite strong here and could be on a brand new uptrend. As long as able to sustain above its RM 0.54+ immediate support on the daily chart, could continue on towards and beyond its RM 0.60+ major resistance levels soon.

Will be monitoring CORAZA closely here.

$NOTION / 0083 (NOTION VTEC BERHAD) n the other hand since retracing back towards its RM 1.30+ support levels, was able to hold strong and rebound back towards its RM 1.39 regions today with good volume, even closing on its intraday high here.

So far looking quite bullish and as long as able to sustain above its RM 1.33+ immediate support levels on the hourly charts, could continue on towards testing its RM 1.45+ major resistance levels soon.

Monitoring NOTION closely.

Titan Trading Notes For Friday [6/12/2024]:

$KLCI had a slight rebound back towards the 1615 points region with an overall market sentiment as we still saw over 530 counters closing red for the day. Daily trading volume on the other hand was still able to hold around the 3.2 billion mark, which is pretty good.

Main stocks that showed strong buying momentum would be the likes of SUPERMX, ARMADA, JCY, YNHPROP, HAWK, 99SMART, RGB, KPJ, NATGATE, DIALOG, WCT, and CAPITALA. All of which were able to sustain their rallies throughout the day on the top volumes list.

Main star for the day would definitely be $SUPERMX / 7106 (SUPERMAX CORPORATION BERHAD) as it manged to gap up and rally all the way towards the RM 1 major resistance levels with huge volume and buying momentum here out of nowhere.

This came after a few month-long of consolidation between the RM 0.80 - RM 0.90 regions without much volume and action while the other glove stocks had been slowly climbing upwards. For now looking quite ripe here and if able to sustain above its RM 0.935+ support, could start a brand new uptrend soon.

Will be monitoring SUPERMX closely here as seems to be a star in the making.

$YNHPROP / 3158 (YNH PROPERTY BERHAD) although retraced all the way back towards the RM 0.63+ main support levels from the day before, was able to rebound strongly back towards the RM 0.71+ regions with huge volume and buying momentum today.

So far looking very strong here and as long as able to hold above its RM 0.65+ immediate support on the hourly charts, could continue to trend back up towards the RM 0.79 major resistance levels soon.

Will be monitoring YNHPROP closely here as had been going up parabolically.

$JPG / 5323 (JOHOR PLANTATIONS GROUP BERHAD) although retraced back towards the RM 1.31+ support levels earlier this week, was able to recover quite well and even tested its RM 1.40 major resistance levels with good volume and buying momentum today.

So far still consolidating within a symmetrical triangle pattern here but as it trades towards the end of this pattern, could breakout from its RM 1.42 major resistance levels to test its RM 1.46 all time high regions soon in the coming weeks.

Monitoring JPG closely here as might have a move soon if able to sustain.

$SUPERMX / 7106 (SUPERMAX CORPORATION BERHAD)
Research Report by TA

$SUPERMX / 7106 (SUPERMAX CORPORATION BERHAD)
Research Report by KENANGA

$SUPERMX / 7106 (SUPERMAX CORPORATION BERHAD)
Research by RHB

$SUPERMX / 7106 (SUPERMAX CORPORATION BERHAD)

$TOPGLOV / 7113 (TOP GLOVE CORPORATION BHD) $HARTA / 5168 (HARTALEGA HOLDINGS BERHAD) $SUPERMX / 7106 (SUPERMAX CORPORATION BERHAD) $COMFORT / 2127 (COMFORT GLOVES BERHAD) $HLT / 0188 (HLT GLOBAL BERHAD)

$SUPERMX / 7106 (SUPERMAX CORPORATION BERHAD)
Research by TA
BUY – TP RM0.92

"4Q24 Hit by One-off Charges”

We maintain our Buy recommendation with a TP of RM0.92/share based on 0.6x FY25 P/B. In terms of asset quality, Supermax’s cash and bank balances stood at RM1.3bn as at Jun-24, equivalent to 59.8% of market capitalisation

Analyst:
Tan Kong Jin
kjtan@ta.com.my

$SUPERMX / 7106 (SUPERMAX CORPORATION BERHAD)

glove another wind to gogogo? monkeypox spread in singapore and indonesia already
malaysia sure kena soon

https://cutt.ly/iebzOoZh

this morning most gap up 5% d
$HARTA / 5168 (HARTALEGA HOLDINGS BERHAD) $TOPGLOV / 7113 (TOP GLOVE CORPORATION BHD) $KOSSAN / 7153 (KOSSAN RUBBER INDUSTRIES BERHAD) $SUPERMX / 7106 (SUPERMAX CORPORATION BERHAD)

Immediate Announcement on Shares Buy Back

Immediate Announcement on Shares Buy Back

$TOPGLOV / 7113 (TOP GLOVE CORPORATION BHD) $HARTA / 5168 (HARTALEGA HOLDINGS BERHAD) $KOSSAN / 7153 (KOSSAN RUBBER INDUSTRIES BERHAD) $SUPERMX / 7106 (SUPERMAX CORPORATION BERHAD)

$SUPERMX / 7106 (SUPERMAX CORPORATION BERHAD)
Research by Kenanga
Underperform - TP RM0.83

"Losses Narrowed, but Not Good Enough"

SUPERMX disappointed with a wider-than-expected 9MFY24 net loss on a weak sales volume and margins. Nonetheless, its 9MFY24 net loss narrowed YoY. We widen our FY24F net loss forecast to RM50m (fromRM5m) but fine-tune down our TP to RM0.83 (from RM0.84). Downgrade to UNDERPERFORM from MARKET PERFORM after the recent unjustified run-up in its share price.

Analyst:
Raymond Choo Ping Khoon
pkchoo@kenanga.com.my

GLOVE
$HARTA / 5168 (HARTALEGA HOLDINGS BERHAD) $KOSSAN / 7153 (KOSSAN RUBBER INDUSTRIES BERHAD) $SUPERMX / 7106 (SUPERMAX CORPORATION BERHAD) $TOPGLOV / 7113 (TOP GLOVE CORPORATION BHD)
Research by Kenanga
Underweight

“1QCY24 Report Card: Weak Earnings Undertone”

We reiterate our UNDERWEIGHT rating on the sector. Players either were in the red or reported tepid profits in 1QCY24, with only one meeting our expectation. The weak earnings undertone in 1QCY24 suggests the operating environment remains challenging, plagued by overcapacity, predatory pricing by certain overseas players, weak demand and the high cost of inputs. On a slightly brighter note, further decommissioning of older production facilities locally should help to ease supply pressure, at least bringing about more rational competition amongst local players.

Analyst(s):
Raymond Choo Ping Khoon
pkchoo@kenanga.com.my

Notice of SBB by a Company Pursuant to Section 127 (16) of CA 2016

Quarterly rpt on consolidated results for the financial period ended 31/03/2024 (Amended Announcement)

$SUPERMX / 7106 (SUPERMAX CORPORATION BERHAD)

$SUPERMX / 7106 (SUPERMAX CORPORATION BERHAD)
Research by RHB
Buy – TP RM1.01

“A Slight Misfortune; Maintain BUY"

Maintain BUY, with new MYR1.01 TP (DCF) from MYR1.03, 10% upside. Supermax 3QFY24 (June) results disappointed as it registered core net profit of MYR0.5m, bringing its 9MFY24 core losses to MYR14m – below ours and consensus’ estimates. However, we maintain our bullish stance on SUCB, underpinned by the sectoral improvement in market dynamics (by 2H24), which should propel it to profitability. Our TP incorporates a 13% ESG discount as its 2.3 ESG score is below our country median of 3.0.

Analyst:
Oong Chun Sung
chun.sung@rhbgroup.com

$SUPERMX / 7106 (SUPERMAX CORPORATION BERHAD)
Research by Kenanga
Underperform – TP RM0.83

“Losses Narrowed, but Not Good Enough"

SUPERMX disappointed with a wider-than-expected 9MFY24 net loss on a weak sales volume and margins. Nonetheless, its 9MFY24 net loss narrowed YoY. We widen our FY24F net loss forecast to RM50m (fromRM5m) but fine-tune down our TP to RM0.83 (from RM0.84). Downgrade to UNDERPERFORM from MARKET PERFORM after the recent unjustified run-up in its share price.

Analyst:
Raymond Choo Ping Khoon
pkchoo@kenanga.com.my

$SUPERMX / 7106 (SUPERMAX CORPORATION BERHAD)
Research by TA
Buy – TP RM1.05

“Improving QoQ Performance"

Reiterate our Buy recommendation with an unchanged TP of RM1.05/share based on 0.6x FY25 P/B.

Analyst:
Tan Kong Jin
kjtan@ta.com.my

Quarterly rpt on consolidated results for the financial period ended 31/03/2024

Immediate Announcement on Shares Buy Back