M A L A Y S I A
//\\ GLOVE SECTOR COMPETITIVENESS
DAMAGED by \\//
falIng USD
13th October 2010:
Top Story
Top Glove:
¨ Still cautious on near-term outlook.
¨ We retained fair value of RM5.40 and Underperform call.
Top Glove:
¨ FY10 net profit grew 45% yoy.
¨ Our fair value has been raised slightly to RM5.40.
Maintain Underperform.
Top Glove:
¨ Medi-Flex ends the year in black.
¨ We retained our fair value of RM5.30 and Underperform call.
Most rubber stock have somewhat found their bottom/support levels so as USD/MYR today. On top of that China PMI data show China has resumed it upward manufacturing momentum after falling slow in May-Jun period and also a local brokerage firm issued their re-itteration that rubber glove maker are still TOP of their buy list.
How's that?
To: RHBInvest@yahoogroups.com
From: kamarazaman@gmail.com
Date: Fri, 1 Oct 2010 17:00:27 +0800
Subject: Re: [RHBInvest-Yahoo!] Stock pickings
oh my.., Gloves sector start flying from the same ground as earlier this year. Anyone got information on what cause? A technical rebound?
On Fri, Oct 1, 2010 at 4:03 PM, Jeffrey Teow <teowjeffrey@yahoo.com> wrote:
Just read the RHB toppicks for this last Qtr, list as below.TP - target price /Fairvaluedisclaimer : this is not recommendation to buy or sell. Just sharing the learning.
RHB has other top picks
Tenaga TP- 10.80
Gamuda TP-4.51
MRCB - TP 2.49
Faber -TP- 3.82
HSL -TP - 1.95
Maybank -TP-10.50
CIMB- TP -9.60
IOI -TP-6.75
KLK- TP-22.05
Parkson - TP 7.72
Dialog - 1.30
Media -2.75
KPJ - 4.51
Carlsberg - 6.03
Mahsing 2.06
Fri: 1 OCT 2010 CLOSING
| TOP GLOVE CORP | 7113 | i | -- | MYR | 5.350 |
![]() ![]() |
+0.220 | +4.3 | 3,988,300 | 1,900 | 5.350 | 5.360 | 2,000 | 5.130 | 5.130 | 5.400 | 5.130 | -- | -- | KLS | 7113 | TPGC.KL | -- | -- | -- |
| TOP GLOVE-CW11 | 7113CB | i | -- | MYR | 0.155 |
![]() ![]() |
+0.005 | +3.3 | 2,129,000 | 20,500 | 0.155 | 0.160 | 30,000 | 0.135 | 0.150 | 0.160 | 0.135 | -- | -- | KLS | 7113CB | TPGC_ta.KL | -- | -- | -- |
| TOP GLOVE-CW11B | 7113CC | i | -- | MYR | 0.110 |
![]() ![]() |
-0.005 | -4.3 | 125,200 | 31,400 | 0.110 | 0.120 | 44,900 | 0.115 | 0.115 | 0.120 | 0.110 | -- |
Tuesday: 28 SEP 2010 CLOSING
| TOP GLOVE CORP | 7113 | i | -- | MYR | 5.250 |
![]() ![]() |
0.000 | 0.0 | 1,102,900 | 14,000 | 5.240 | 5.250 | 200 | 5.250 | 5.250 | 5.310 | 5.210 | -- | -- | KLS | 7113 | TPGC.KL | -- | -- | -- |
| TOP GLOVE-CW11 | 7113CB | i | -- | MYR | 0.155 |
![]() ![]() |
0.000 | 0.0 | 235,200 | 200,000 | 0.145 | 0.155 | 34,700 | 0.155 | 0.155 | 0.155 | 0.150 | -- | -- | KLS | 7113CB | TPGC_ta.KL | -- | -- | -- |
| TOP GLOVE-CW11B | 7113CC | i | -- | MYR | 0.000 |
![]() ![]() |
0.000 | 0.0 | 0 | 160,000 | 0.115 | 0.120 | 30,000 | 0.000 | 0.120 | 0.000 | 0.000 | -- |
Top Glove:
¨ Expect weaker earnings qoq.
¨ Fair value is lowered to RM5.30 (from RM6.90). Downgrade to Underperform.

TOPGLOV (7113)
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| pharoah88 ( Date: 23-Sep-2010 21:11) Posted: |

SUPERMAX CORPORATION BERHAD
Lot 38, Putra Industrial Park,
Bukit Rahman Putra,
47000 Sungai Buloh, Selangor
Tel: 603-6145 2328
Fax: 603-6156 2191
Email: info@supermax.com.my
Listing Date: 07.08.2000
IPO Price: 2.000
Market: MAIN
Sector: INDUSTRIAL
Par Value: 0.50
Major Industry: Chemicals
Sub Industry: Synthetic Fibers
SIC Industry Code: 3021 - Rubber And Plastics Footwear
Lot 38, Putra Industrial Park,
Bukit Rahman Putra,
47000 Sungai Buloh, Selangor
Tel: 603-6145 2328
Fax: 603-6156 2191
Email: info@supermax.com.my
Listing Date: 07.08.2000
IPO Price: 2.000
Market: MAIN
Sector: INDUSTRIAL
Par Value: 0.50
Major Industry: Chemicals
Sub Industry: Synthetic Fibers
SIC Industry Code: 3021 - Rubber And Plastics Footwear
SUPERMAX CORPORATION BERHADis an investment holding company engaged in the manufacturing, distribution and marketing of medical gloves. The Company's subsidiaries are engaged in manufacturing and selling of latex gloves. The Company operates in three segments: manufacturing of gloves, trading of gloves and investment holding. The Company's products are exported to over 145 countries, such as the United States, European Union, Middle East, Asia and South Pacific countries. Its wholly owned subsidiaries include Supermax Latex Products Sdn. Bhd., Supermax Glove Manufacturing Sdn. Bhd., Maxter Glove Manufacturing Sdn. Bhd., Supermax Incorporated, Seal Polymer Industries Berhad., Aurelia Disposable Products Sdn. Bhd. and Supermax Energy Sdn. Bhd.



