Hospital collecting medical stockpile to avoid any potential shortage
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15th Jan 2021

HARTFORD, CT (WFSB) — At the onset of the pandemic, the medical supply chain weakened as hospitals scrambled to fine personal protective equipment.

When the coronavirus cases surged at the beginning of 2020, it crushed hospitals as people flooded testing sites. At a critical time when the healthcare workers needed personal protective equipment for infectious disease, hospitals watched the supply chain crash in real time.

“The increase of demand globally led to consistently back order shortages and allocations,” said Milrose Mercado, Harford HealthCare.

Interesting article on Pfizer vaccine.

https://www.globaltimes.cn/page/202101/1212939.shtml

Correct ! . @ PJ Seow.

It is a wrong assumption to value the stock at pre pandemic valuation. Based on Topglove past 18 years records from 2001 till 2019, its revenue,earnings and.share prices has grown.at an average of about compounded 20 %. That means in every 3 to 4 years , its earnings.and share prices will double. Topglove is a 100 baggers from.2001 till 2019. If you extrapolate , Topglove would have double its share price of 2019 in 2013 based on its average gowth rate even without the extra ordinary pandemic. We should also not just omit the exceptional profits of abot 30 billions made betwren 2020 till 2023. This profits is sbout 8 x of what topglove made from 2001 till 2019. This is real cash if which 70 % will be rewarded bac to the shareholders as dividend and the balance 30 % will be used to re invest in its capacity expansion. The total dividend would be worth about rm 2 . The company will be at.nett cssh position compared with nett debt position in 2019. These 2 factors.should be considered in our valuations of topglove.

Well said Bro.- Glove makers know their business better than JP Analyst who are paid to tell
stories (LIES)
--------------
Posted by Kc1154 > Jan 15, 2021 6:52 PM | Report Abuse

World biggest user of glove is the US. A third of the population are considered stiff neck who refuse to wear mask which explain why they are the number one in both infected cases and death. These people value freedom and humanity more than life. Very likely this group of people will also refuse to get inoculated. Worst the world famous expert Dr Fauci is doubtful of the effectiveness of the vaccines. There is no guarantee that one will not get infected after being vaccinated. Many stories about the side effects after being vaccinated have been reported. Including death. Do you think the medical community can afford to use less glove?

I think the glove makers know their business better than the analysts who are paid to tell stories. Hospitals not only buy for immediate use. They buy to keep for tomorrow, just in case.

Let's HOLD on tight to our investment to ensure the shorties fail in their game.

Whether GLOVES are used or not during vaccination won't affect the massive demand for GLOVES.

This is a very poor argument by JP MORGAN to bring down Gloves.

Glove usage on Vaccine administration helps to increase demand for glove, but it's not signifcant in the grand scheme of things. What's significant is more towards perception of hygiene. Afterall, assuming the entire world population requires a pair of glove for them to get vaccine done, that's merely 14b gloves.

That's only about 4% of current glove demand.
.
.
.
.

Whether GLOVES are used or not during vaccination won't affect the massive demand for GLOVES.

This is a very poor argument by JP MORGAN to bring down Gloves.

Glove usage on Vaccine administration helps to increase demand for glove, but it's not signifcant in the grand scheme of things. What's significant is more towards perception of hygiene. Afterall, assuming the entire world population requires a pair of glove for them to get vaccine done, that's merely 14b gloves. That's only about 4% of current glove demand.

Absolutely @Morpheus- When did JP Morgan become a Medical Expert to even comment on usage of Gloves for vaccination ?

KUALA LUMPUR (Dec 21): Supermax Corp Bhd has incorporated a new wholly-owned subsidiary, Maxter Healthcare Inc, in Delaware, US, to manufacture medical gloves and other personal protective equipment.

Incorporated last Friday, Maxter Healthcare's intended principal activities include "the building of a national headquarters in the US", according to Supermax's stock exchange filing today.

“Maxter Healthcare Inc was incorporated with an issued and paid-up share capital of US$1. Subsequent to the incorporation, the issued and paid-up share capital will be increased to US$100 million (about RM404.5 million, based on exchange rate of US$1 = RM4.045 on Dec 21, 2020).

“The initial paid capital is part of the total allocation of US$550 million capital investment for Medical Glove Plant #18, when both Phase #1 & #2 are completed and commissioned,” it said, but did not elaborate.

The group said the proposed capital investment will be financed through a combination of internal funds and bank borrowings, the ratio of which will be decided later.

The report was deliberately concocted to create PANIC. This well orchestrated plan with The Edge to mass publicise abject LIES about the GLOVE sector inMalaysia. JPM is a KNOWN Market Manipulator and the SC should reprimand them in their disgusting manipulation here . EPF is another big disappointment as they willingly worked with the DEVIL.-JPM.

Public Bank, the best run bank in Malaysia. If drop just top up. no worries.

Question by The Edge- TS LIM of TOP GLOVE

Q: Your profit margin stood at 49.9% in the first quarter ended Nov 30, 2020 (1QFY21). Is the current profit margin sustainable?

Answer by Lim: The coming quarters performance will be better due to the reasons below:
1. Additional 10% new capacity
2. Higher nitrile gloves mix by switching some latex capacity, and sufficient NBR (Nitrile Butadiene Rubber) latex
3. Higher ASP which is in line with market prevailing price. ASP for 2Q is expected to be 30% higher from 1QFY21
4. Demand continue to increase, underpinned by in both healthcare and hygiene awareness

Q: Has there been any indication from the US Customs and Border Protection on when it will revoke the import ban on the company's two subsidiaries? Will sales to the North American market continue to slip in 2QFY21? (1QFY21 dropped 2% on-year)

A: We continue to actively engage with the US Customs and Border Protection towards the expeditious upliftment of the Withhold Release Order (WRO), for which it is making good progress. The sales drop to North America was also due to shortage of NBR supply and also the EMCO (enhanced movement control order); the coming quarter should be higher due to sufficient availability of NBR latex and with new capacity in nitrile.

Supermax is finalising plans for its US-based glove factory- Maxtor Medical Inc.in Delaware.
-------------------------------
Could be building USA Strategic Reserve for PPEs- Medical Gloves, Masks & Protective Gowns.

Need to wait after Biden's inauguration for details.

Supermax is also finalising plans for its US-based glove plant and the company believes it is strategic to have a glove plant situated in the US due to the proximity to its large-volume customers and raw material supply.

A supply agreement could be on the cards.

Shorty JP morgan is paying weekly interest. Assuming SBL for all gloves stock is total 2b, the interest calculated will be below

2b x 10% x 7/365=38.4m weekly.

If JP couldn't bring down the gloves shares target price, it will lose 76.8 million (14 days) based on 2b loan.

JP MORGAN DONT HAVE MUCH AMMUNITION to SHORT.

THEY MAY HAVE TO SURRENDER SOON.

@ PZOGRO - HOPE announcement will be made today.

HOT!

BURSA TO SUSPEND RSS & IDSS NEXT WEEK TILL AUGUST!!

FLY FLY FLY!

JP MORGAN - The most NOTORIOUS IB in the world. Manipulation is second nature to them.

$50 billion toward Covid-19 testing

The aid are mostly extending till end of Sep 2021 including US$50B toward Covid-19 testing. JPM just shot itself in the foot by suggesting the number of testing is dwindling.

Difficult for JP Morgan to PRESS SUPERMAX
-------------------------------------
Here's why-

1- Record profits will be announced next week.

2-Supermax is expected to announce a whopping PAT of RM 1 .1 billion or RM0.40 sen earnings per share for the coming quarter. This will leaves Supermax with a Trailing PE of just 8 times.

(2.31+5.42+30.58+40=78.31 sen)

6.80/78.31= 8 times PE

SUPER Value.

Another loan moratorium needed to keep jobs, say bosses
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Another round of loan moratorium is needed to keep struggling companies afloat, says the Malaysian Employers Federation.
PETALING JAYA: Another round of loan moratorium and incentives for employers is needed to prevent struggling businesses from closing down, declaring bankruptcy and retrenching workers, the government has been told.

Malaysian Employers Federation (MEF) executive director Shamsuddin Bardan said almost all sectors are struggling and have yet to recover after being hit in last year’s economic slowdown due to the Covid-19 pandemic.

“We do not know the impact of the MCO 2.0 yet. Unemployment may rise. Companies are trying to keep overheads low to avoid retrenchments,” he told FMT.

He said smaller businesses will suffer again, adding that last year 30,000 businesses ceased operations causing up to 100,000 people to lose jobs.

https://www.freemalaysiatoday.com/category/nation/2021/01/14/another-loan-moratorium-needed-to-keep-jobs-say-bosses/

https://www.chinapress.com.my/?p=2360763

Correct !

The EDGE & JP Morgan- Foreigners - are working hand in glove to bring down Malaysia's largest taxpayer- The Glove Sector-

Just boycott this Dodgy Edgy Daily - JP Morgans mouthpiece.

The Edge must be well remunerated by JP and associates.

Posted by HrryPttr > Jan 15, 2021 11:58 AM | Report Abuse

Did anyone notice negative news in The Edge & but The Star post positive news on glove?

You mean the hardcore naysayers & JP Trolls?

Posted by MYinvestor > Jan 15, 2021 11:48 AM | Report Abuse

today no show?

@SteadyT
https://www.thestar.com.my/business/business-news/2021/01/15/glove-makers-valuation-still-attractive

SUPERMAX Valuation Attractive
=======================

Friday, 15 Jan 2021

SUPERMAX CORP BHD

PETALING JAYA: Supermax Corp Bhd’s shares are deemed undervalued at current prices, considering its ROBUST EARNINGS prospects for at least the next one year, says CGS-CIMB Research.

“In our view, Supermax is undervalued at current valuation of seven times 2021 earnings, ” the brokerage said in its report.

It retained its add call on the stock with a target price of RM10.80 on a conservative approach.

Glove usage on Vaccine administration helps to increase demand for glove, but it's not signifcant in the grand scheme of things. What's significant is more towards perception of hygiene. Afterall, assuming the entire world population requires a pair of glove for them to get vaccine done, that's merely 14b gloves. That's only about 4% of current glove demand.

1% left of Topglove shares to be shorted by JP Morgan and their foreign associates. Don't let foreign investors fool you to sell

Author: GillianTan78 | Publish date: Thu, 14 Jan 2021,

As expected, foreigners shorted huge amount of Topglove shares today (11% of total traded volume) after their associate JP Morgan wrote a unreliable and non factual analyst report on gloves yesterday.

There is only 1% left to short Topglove (4% cap set by Bursa).

Their current shorted average price is RM5.9 for Topglove.

If the price can sustain above RM5.9 before the 4% cap is reached, all short sellers will officially lose money and forced to buy back at higher price

Note that most of the short sellers are foreign investors (scums), and

JP Morgan's clients are mostly foreign investors (scums)

Their report is written with ill intention by stating all the negative and fake news instead of facts from management and reality of covid situation. Shame on Jeffrey Ng and YY Cheah

SPOT ON - THE BAND OF TROLLS are NO WHERE IN SIGHT./ GONE MIA.

Posted by YayorNay > Jan 15, 2021 9:29 AM | Report Abuse

"Trust in what you have invested, these naysayers are not here to help you. Once it's green, you won't even see a glimpse of them, but they will hound you with fear mongering once its red, how pathetic "

Good news for Maxtor Healthcare Inc (Supermax 100% subsidiary)- massive GLOVE factory in Wilmington, Delaware- to ensure USA does not run out of GLOVES -Probably JV with USA Govt.

kltower Joe Biden unveils ‘American Rescue Plan,’ a $1.9T stimulus to stem COVID-19 and steady the economy

https://www.google.com/amp/s/www.chicagotribune.com/coronavirus/ct-nw-...

"The plan provides $50 billion to expand testing"
........................
Superb as every single testing requires a pair of gloves.

Banks OPR cut is most likely as the MCO is going to hurt the economy. A loan MORATORIUM is also on the cards.

Posted by CatMoney > Jan 15, 2021 9:35 AM | Report Abuse

HrryPttr OPR cut soon. Maybe another targeted moratorium since MCO sure will extend up to 12 weeks

DG said max 4 weeks MCO

Next week maybe. No announcement made so far. A PAT of rm 1.1 billion for the quarter is conservatively expected.

X

Absolutely! This group of TROLLs HIRED by JP & IBs are just out to create PANIC.
BURSA will ban RSS as it is DESTRUCTIVE to Malaysia TOP TAX CONTRIBUTORS- ie the GLOVE Manufacturers.
The GOVT should PROTECT these companies from those foreign VULTURES ie JPM
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Posted by YayorNay > Jan 15, 2021 9:29 AM | Report Abuse

"Trust in what you have invested, these naysayers are not here to help you. Once it's green, you won't even see a glimpse of them, but they will hound you with fear mongering once its red, how pathetic "

Disappointing Chinese Sinovac Vaccine Results Pose Setback for Developing World
----------------------------------------------------------------------------

Brazil says CoronaVac has an efficacy rate just over 50 percent, much lower than previously announced. More than 380 million doses have already been ordered.
Jan. 13, 2021

Scientists in Brazil have downgraded the efficacy of a Chinese coronavirus vaccine that they hailed as a major triumph last week, diminishing hopes for a shot that could be quickly produced and easily distributed to help the developing world.

Officials at the Butantan Institute in São Paulo said on Tuesday that a trial conducted in Brazil showed that the CoronaVac vaccine, made by the Beijing-based company Sinovac, had an efficacy rate just over 50 percent. That rate, slightly above the benchmark that the World Health Organization has said would make a vaccine effective for general use, was far below the 78 percent level announced last week.

https://klse.i3investor.com/blogs/GillianTan/2021-01-14-story-h1539327494-1_left_of_Topglove_shares_to_be_shorted_by_JP_Morgan_and_their_foreign_.jsp

1% left of Topglove shares to be shorted by JP Morgan and their foreign associates. Don't let foreign investors fool you to sell


Author: GillianTan78 | Publish date: Thu, 14 Jan 2021,

As expected, foreigners shorted huge amount of Topglove shares today (11% of total traded volume) after their associate JP Morgan wrote a unreliable and non factual analyst report on gloves yesterday.

There is only 1% left to short Topglove (4% cap set by Bursa).

Their current shorted average price is RM5.9 for Topglove.

If the price can sustain above RM5.9 before the 4% cap is reached, all short sellers will officially lose money and forced to buy back at higher price

Note that most of the short sellers are foreign investors (scums), and

JP Morgan's clients are mostly foreign investors (scums)

Their report is written with ill intention by stating all the negative and fake news instead of facts from management and reality of covid situation. Shame on Jeffrey Ng and YY Cheah

Moderna CEO says the world will have to live with Covid ‘forever'
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PUBLISHED WED, JAN 13 20213:07 PM EST UPDATED WED, JAN 13 20214:59 PM EST
CNBC

Berkeley Lovelace Jr.

KEY POINTS

Stephane Bancel, CEO of Covid-19 vaccine maker Moderna, warned Wednesday that the virus will be around “forever.”

Public health officials and infectious disease experts have said there is a high likelihood that Covid-19 will become an endemic disease, meaning it will be present at all times, though likely at lower levels than it is now.

“SARS-CoV-2 is not going away,” Bancel said during a panel discussion at the JP MORGAN Healthcare Conference.

--------------------------------------------------------------

In Malaysia JP MORGAN SHORT SELL GLOVES like no tomorrow.

Khairy: If you’re a healthy Malaysian under 60 and not a frontliner, expect to be vaccinated only by Q3 2021 or even later
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Author: savemalaysia | Publish date: Thu, 14 Jan 2021, 8:40 PM

KUALA LUMPUR, Jan 14 — Malaysians who are not active frontliners, below the age of 60 and in relatively good health can expect to receive their dose of Covid-19 vaccinations only by the third-quarter of this year or later, the science, technology and innovation minister revealed today.

Khairy Jamaluddin, also the Special Committee on Ensuring Access to Covid-19 Vaccine Supply (JKJAV) co-chair, said this is because the first batch of vaccines to arrive will be prioritised to inoculate those within vulnerable groups.

“Frontline workers from the healthcare and security sectors will go first. Then senior citizens and people with chronic illnesses.

“Only then we will move on to the general population in order to get to a meaningful herd immunity threshold.

Stephane Bancel, CEO of Covid-19 vaccine maker Moderna, warned Wednesday that the virus will be around “forever.”

“SARS-CoV-2 is not going away,” Bancel said during a panel discussion at the JPMorgan Healthcare Conference. Notice that it is at JPMorgan Conference, surely JPMorgan know demand for glove is going to go up.

https://www.cnbc.com/2021/01/13/moderna-ceo-says-the-world-will-have-t...

JP Morgan realise glove demand is going to increase in upcoming future, no wonder they want to create panic so they can collect low.

SPOT ON. @True-

WHY ARE THESE CLOWNS STILL HERE?

MUST BE TROLLS HIRED BY JP MORGAN- WHAT ELSE COULD IT BE?

JUST LOOK AT THEIR PSEUDONYMS - SILLY ENOUGH TO TELL THE WHOLE WORLD THAT THEY ARE HIRED TROLLS ANS SILLY ENOUGH TO EXPECT PEOPLE TO BELIEVE THEM.

1-Glovehabis

2-Glovefinish

3-Gloveisover

4-Habisglove

Posted by True > Jan 14, 2021 5:04 PM | Report Abuse

If u guys here provide so many negative view about glove sector , why still here ？
Sum guys r honest , they here to collect cheaper entry price then is ok . But sum id like glovefinish/gloveisover just to spread negativity or behave good souls to help investor like us

ONLY 1% left of Topglove shares to be shorted by JP Morgan and their foreign associates. Don't let foreign investors fool you to sell

As expected, foreigners shorted huge amount of Topglove shares today (11% of total traded volume) after their associate JP Morgan wrote a unreliable and non factual analyst report on gloves yesterday.

There is only 1% left to short Topglove (4% cap set by Bursa).

Their current shorted average price is RM5.9 for Topglove.

If the price can sustain above RM5.9 before the 4% cap is reached, all short sellers will officially lose money and forced to buy back at higher price

Note that most of the short sellers are foreign investors (scums), and

JP Morgan's clients are mostly foreign investors (scums)

Their report is written with ill intention by stating all the negative and fake news instead of facts from management and reality of covid situation. Shame on Jeffrey Ng and YY Cheah

Correct! @gloveisover


JP MORGAN CHEATS & TELL LIES to SHORT SELL-

Vaccine maker Moderna, warned Wednesday that the virus will be around “forever.”
-------------------------------------------------------------------------------------
“SARS-CoV-2 is not going away,” Bancel said during a panel discussion at the JPMorgan Healthcare Conference. Notice that it is at JPMorgan Conference, surely JPMorgan know demand for glove is going to go up.

https://www.cnbc.com/2021/01/13/moderna-ceo-says-the-world-will-have-t...

JP Morgan realise glove demand is going to increase in upcoming future.


No wonder they want to create PANIC so they can COLLECT LOW.

CORRECT @Glovefinish

JP MORGAN CHEATS & TELL LIES to SHORT SELL-

Vaccine maker Moderna, warned Wednesday that the virus will be around “forever.”
-------------------------------------------------------------------------------------
“SARS-CoV-2 is not going away,” Bancel said during a panel discussion at the JPMorgan Healthcare Conference. Notice that it is at JPMorgan Conference, surely JPMorgan know demand for glove is going to go up.

https://www.cnbc.com/2021/01/13/moderna-ceo-says-the-world-will-have-t...

JP Morgan realise glove demand is going to increase in upcoming future.


No wonder they want to create PANIC so they can COLLECT LOW.

Correct! The Clown thinks he is smart but instead spewing nonsense lol.

Posted by vaccineneedgloves > Jan 14, 2021 3:40 PM | Report Abuse

Habisglove So funny supermax not do share buyback bcoz they are using the capital for usa expansion. So genius perhaps better than Elon musk this Habisglove. After covid there will still be demand for gloves that's why they thinking long term for usa expansion.

@witan.Thanks for sharing.

IMO, JP MORGAN, the biggest market manipulator should barred from trading in BURSA.

Vaccine maker Moderna, warned Wednesday that the virus will be around “forever.”
-------------------------------------------------------------------------------------
“SARS-CoV-2 is not going away,” Bancel said during a panel discussion at the JPMorgan Healthcare Conference. Notice that it is at JPMorgan Conference, surely JPMorgan know demand for glove is going to go up.

https://www.cnbc.com/2021/01/13/moderna-ceo-says-the-world-will-have-t...

JP Morgan realise glove demand is going to increase in upcoming future.


No wonder they want to create PANIC so they can COLLECT LOW.

Maybe next week

Yup the only way to defeat these JP CROOKs is to HOLD on to your valuable SUPERMAX & TOP GLOVE shares.

Smart retailers collecting all the cheap tickets short sold by JP Morhgan & Associates.

Real Smart Retailers

Correct Announcement will be made soon.

JP MORGAN & the 40 thieves will be punished soon.

Posted by PZOGRO > Jan 14, 2021 2:56 PM | Report Abuse

HOT!

BURSA U TURN TO SUSPEND RSS & IDSS!!!!

DON'T SHORT MARKET

DON'T SHORT MARKET

FLY FLY FLY!

RSS may be suspended on the !st of Feb 2021.

Posted by HrryPttr > Jan 14, 2021 2:51 PM | Report Abuse

That’s what I heard also. RSS suspended?

Correct @Habisglove.

JP Morgan's demented Troll will be sacked for failing to cause PANIC. The barking doggies will be roasted by their paymasters.

Well said - Onglai@Pineapple.

Posted by pineapple123 > Jan 14, 2021 2:04 PM | Report Abuse

Gloves finished??So, all medical and hospitals used plastic bags to handle the equipments and patients???

-----------------------------------
Posted by Habisgl0ve > Jan 14, 2021 2:30 PM | Report Abuse

Price is down not because of short sellers. Price down is because people don't buy into gloves anymore. Moats are for losers.

This explains why JP Morgan, The Mega Shortist has hit the PANIC button.
Soon they will be peeing in their pants- and serve them right.
Never short FUNDAMENTALLY SOLID Glove counters- (The Big 4)
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Shorty JP morgan is paying weekly interest. Assuming SBL for all gloves stock is total 2b, the interest calculated will be below

2b x 10% x 7/365=38.4m weekly.

If JP couldn't bring down the gloves shares target price, it will lose 76.8 million (14 days) based on 2b loan.

JP MORGAN DONT HAVE MUCH AMMUNITION to SHORT.

THEY MAY HAVE TO SURRENDER SOON.

Well said Bro. This badly infected stray mongrel must be put to sleep. This paid IB cypertropper/Troll is a big nuisance here. Just incessantly spewing nonsense.
------------------------------------------------------------------
Posted by Everybodyhuat > Jan 14, 2021 10:21 AM | Report Abuse

So who are you then glovefinish..stray dog? If you think losers are here, why are you still around? Didn't I tell you to bugger off last? Thick face or a stray dog sent by your IB master to input negative news?

Difficult for JP Morgan to PRESS SUPERMAX
-------------------------------------
Here's why-

1- Record profits will be announced next week.

2-Supermax is expected to announce a whopping PAT of RM 1 .1 billion or RM0.40 sen earnings per share for the coming quarter. This will leaves Supermax with a Trailing PE of just 8 times.

(2.31+5.42+30.58+40=78.31 sen)

6.80/78.31= 8 times PE

SUPER Value.