Institutions Investing Heavily in Supermax Corporation Berhad
August 18, 2022
Trending News 🌥️There has been heavy investment by institutions in Supermax ($KLSE:7106) Corporation Berhad shares recently. This is due to the company’s strong performance and prospects. The company’s share registry is made up of a number of large institutions, which suggests that they have confidence in the company’s future. This heavy investment by institutions is likely to have a positive effect on Supermax Corporation Berhad’s market and earnings in the long term.
Market ReactionSupermax Corporation Berhad is a Malaysian company that manufactures latex gloves. It is the world’s second-largest glove manufacturer. Recently, the company has been in the news for its strong financial performance and institutional investment. The sentiment around the company is mostly positive, as investors believe that it is well-positioned to benefit from the growing demand for latex gloves.
VI Analysis – Supermax Intrinsic ValueCompany’s fundamentals reflect its long term potential, below analysis on SUPERMAX CORP BHD are made simple by VI app. Supermax Intrinsic Value is around $2.9, calculated by VI Line. Now SUPERMAX CORP BHD stock is traded at $0.8, undervalued by 73%.
SummaryThe heavy buying by these institutions is a vote of confidence in Supermax Corporation Berhad and its future prospects. This is positive news for the Company and its shareholders, and should help support the share price in the near-term.
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