Being in the market at all times is not the key to profits. Being in the market when there is a clear, unconfused technical signal during a strong market, and the trader's judgment is not swayed by emotion, is a method for trading success. No matter how good the fundamentals and technicals are, stocks will have a high risk of failure during weak markets.
Thursday, February 18, 2010
Supermax (7106.KU) may post 4Q net profit of MYR46 million
Supermax (7106.KU) may post 4Q net profit of MYR46 million vs MYR1.5 million year earlier, says CIMB Research's analyst Terence Wong; cites robust demand, stronger margins as reasons for substantially improved 4Q earnings. "Although no new capacity came onstream for Supermax last year, excess demand has given glove manufacturers including Supermax pricing power and boosted their margins," says Wong; adds 4Q net profit forecast +15% on quarter; takes FY net profit to MYR132 million (vs MYR46.5 million year earlier), which exceeds glovemaker's target of MYR117 million. Wong thinks Supermax may also surprise with special dividend of 5-sen/share. Keeps Buy call with unchanged target of MYR7.96. Company expected to release 4Q earnings at 0500 GMT Monday.
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