It may not be the Optimus Prime of the Malaysian rubber glove industry, but it have hit the RM billion mark revenue target in 2011 and may soon catch up on Top Glove if the latter becomes lackadaisical.
One of the popular counters, Supermax has seen great heights in years gone by and may be on a plateau right now given the rising latex prices that may impact negatively upon its sales and revenue.
Let us review their 11-year profile for a purchase of 10,000 shares at RM2 in 2000.
As of February 2012, given the corporate restructurings that have taken place during this period,your investment of RM20,000 would have ballooned up in value to RM160,830. On top of that, you would have received accumulated dividends of RM15,819.
Your capital gain would be RM156,650 and your net returns would be 783%.
Don't you think you have made a smart investment by just investing in rubber gloves?
Fast forward,do you think Stanley Thai can bring this company further up the profit path to new heights or has the company 'hit the wall' in its growth trajectory?
To prop the price of the counter up needs more aggressive marketing and perhaps some health exigencies.
Meanwhile, this is a good price to buy into this dividend paying company.
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