Supermax: Up, up and down!
MD: Our shares are grossly undervalued
Supermax Corp Bhd, once the darling of investors chasing rubber glove stocks, is now going through a much different phase in its life cycle.
It is trading at a lower earnings multiple than its peers. Supermax’s shares are currently trading at a historical price earnings multiple of 19.72 times earnings, compared with Top Glove Corp Bhd’s 23 times, Hartalega Holdings Bhd’s 31 times and Kossan Rubber Industries Bhd’s 24 times.
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