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Wednesday, 1 May 2013

Supermax

Malaysian businessman Stanley Thai says he’s joining thousands of fellow ethnic Chinese citizens in abandoning support for Prime Minister Najib Razak and voting for the opposition for the first time in elections next month.

“Why are the Chinese against the government -- it’s simple,” Thai, 53, owner of medical glove-maker Supermax Corp. (SUCB), said in an interview last month. “We don’t want our children to suffer what we suffered, deprived from education, from career opportunities, from business opportunities.”
 
 
http://www.bloomberg.com/news/2013-04-25/malaysian-chinese-may-abandon-najib-as-fear-of-riots-repeat-ebbs.html

Hmm, I solute the Chinese tauke who dare to speak openly against BN for all Chinese in Malaysia. I myself were also unhappy with the system that treat Malaysian Chinese as if we were second class citizen. Therefore, to show a little respect, I bought in some Supermax yesterday.

Although still losing money now, I believe this year glove stock will outperform since H7N9 still around and it's just a matter of time before it spread to further part since the China authority still no idea of how exactly it's being spread and where is the source even though after one month. Reducing rubber price compare to previously and US dollar appreciate will definitely benefit Supermax that export a lot to US market.


http://www.malaysiastock.biz/Corporate-Infomation.aspx?type=A&value=S&securityCode=7106

EPS shows continuous good progressing while Supermax had reward well to its share holder. It will be not far from now before it declare their next dividend. Some more about Supermax can be found from klse.i3investor.com/servlets/stk/7106.jsp which provide detail disclosure on this firms.

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