Value Invest : SUPERMX

When I say value invest, meaning I'm will be hold.ing based on her fundamental. The period again depends whether want to gain a higher % of profit or just a short trade. Well, I have enter into position at 2.00 when I mentioned about her the last post. She have jump out from the short term downtrend but slowly dissipate back to the trendline level. Today she just ex-div (6% of par value of RM0.50 = RM0.03), so my cost would be RM1.97.

Based on my intrinsic value calculation, Supermx is valued at RM2.82.
Let see what the analyst Fair Value.
Today she is at 2.00, 4 out of 5 analyst say is a BUY.
Well, RHB target price is similar to mine :)
So they were accurate, then at least a gain of >16% would be good.

Date	Open Price	Target Price	Upside/Downside	Price Call	Source
31/05/2013	2.04	2.60	+0.56 (27.45%)	BUY	TA
31/05/2013	2.04	2.84	+0.80 (39.22%)	BUY	RHB
31/05/2013	2.04	2.39	+0.35 (17.16%)	BUY	KENANGA
31/05/2013	2.04	2.37	+0.33 (16.18%)	BUY	CIMB
31/05/2013	2.04	2.04	0.00 (0.00%)	HOLD	ALLIANCE

Currently Supermx is trading at a TTM PE of 10.8 which is quite low among her peers.
I'm using TTM (Trailing Twelve months as I think it is more real time rather than Maybank ost data which only used the closing financial year EPS)
Lets have a look on her peers :
Top Glove : Price 650 TTM EPS = 36.39, so TTM PE=17.8 (Maybank ost data = 19.93)
Harta : Price 574  TTM EPS = 32.11, so TTM PE= 17.9  (Maybank ost data = 17.95)
Kossan :  Price 440   TTM EPS 36.2, so TTM PE =12.2  (Maybank ost data = 13.47)

So, if there is some catch up to follow her peers, Supermx should at least trade at 12.2 ? which the price would be around RM 2.25 ? or trade at PE 17, then the price would be RM3.13 ?

What about growth, according to RHB, she will grow around 11~13%.
Hmm, when I decided to keep a share, I would like to have some dividend to make my keeping worth, at least around Fix Deposit rate. Well, she is forecast to give around 3% this year.

Let see whether she lives up to her name.....SuperMax ......