I believe you have already know Supermx has made 40 times net profit and EPS than the previous year quarter. What an outperform company! It's outstanding financial result is outshine it's peers and become the attention of investors. Well, if you aware about it, I've been reiterated mentioning this gem since the beginning of my blog.
From the statistics, it's production volumes have dropped 5% compare to previous quarter, but surprisingly it still managed to make more profits. Well, it shouldn't be surprising because we can understand that the glove price has been adjusted due to the high demand.
Supermax management team, led by Dato Seri Stanley Thai (left hand with spec).For the 2Q10 outlook, Supermx will continue to outshine under rubber glove industry, because of the followings:
1) Higher demand volume as H1N1 seems yet to be over.
2) Strong volume orders received for Q2, indicating higher future revenue.
3) Capacity expansion is on track, with the ability to increase annual capacity of 20%.
4) Opening new subsidiary in Germany, with 90% share owned, indicating more orders to come for Euro market.
5) Improving management and operation efficiency.
On the other hand, Latex price has shot back to the peak price recently, due to high demand from rubber glove makers. We know the industry peak season will eventually over, perhaps next year or later. Perhaps you would like to reap some profits now, before it comes to the end.
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