pre-pandemic peak present
------------------ ------ ----------
Intco 9.0 230 97
Mercator 12.0 500 155
Supermax 0.65 10.50 2.60

Intco is still up more than 10 times from Jan 2020 level
Mercator is till up more than 12 times from Jan 2020 level

Benchmarking with international peers, what is Spx fair value from its pre-pandemic level?

I have a strong feeling that MonKeyMakers is actually a woman, She doesn't even have a tiny weenie, so there's nothing for her to chop off to show. Another proof that she's a woman is her knack for repeating the same useless thing over and over again, very much like my grand old ma! :)

US recorded 266k cases yesterday alone, and we have yet to enter the winter months yet!

https://www.nytimes.com/interactive/2021/us/covid-cases.html

Great start, 3 of us are in now! Do we hear more voices now to support the retail profitable causes and drown out the shorties? Come on all, we can't be passive anymore!

Shall we all now make a concerted effort not to perform net selling at least until the QR result is out? Let's do it guys!

Thanks @pjseow! You have given us such good, detailed and rational analysis...shall go full throttle on my Supermax purchase now!!!

https://www.nytimes.com/interactive/2021/us/covid-cases.html

Latest Covid-19 stats in US :

3rd Aug - 149788 new cases

DAILY AVG. ON AUG 3 14-DAY CHANGE TOTAL REPORTED
Cases 92,005 +139% 35,325,243
Tests 769,691 +41% —
Hospitalized 47,393 +79% —
Deaths 371 +49% 614,104

All glovemakers used their old inventories from the previous quarter to make up for the partial loss of production in June

https://www.nytimes.com/interactive/2021/us/covid-cases.html

US new infection has shot up to more than 135,000 cases yesterday (Aug2) according to New York Times. Please note that data on worldometers.info is not accurate and updated.

https://www.nytimes.com/interactive/2021/us/covid-cases.html

US new infection has shot up to more than 135,000 cases yesterday (Aug2) according to New York Times. Please note that data on worldometers.info is not accurate and updated.

Shangdong Intco shares also up more than 5% today!

Panic gloves buying 2.0 fm US and Europe soon, no?

Latest data from New York Times shows that infection in US has shot back up to 108,775 cases now!

UK had a mega jump of deaths from 14 to 131 deaths from two days ago to yesterday while US had 146 to 339 deaths over the last two days period too!!!

Including let's say another RM1 billion generated in the 2nd quarter ending 30June, Supermax would have roughly RM 5 billion cash sitting in its account. Let's say if the management decides to just invest this huge sum with Warren Buffet's Berkshire Hathaway funds (avg annual return of 13.6%), each subsequent year going forward Supermax will yield 13.6% x RM 5B = RM 650M annually even if shutting down all their factories, doing nothing and merely shaking legs!

Strange that so far no short-selling performed on Supermax today. Only TG and Kossan have RSS today....

This MoneyMakers aka MotherMonkey aka MM is more long-winded than my grandmother. great grandmother and great great grandmother combined! If anyone wants to advise against buying this stock, it's accepted of its opinion. But a normal person will just say it once, and then will let nature or market takes its course, not keep flooding the forum like a tout trying to sell a fake Rolex!!!

Sorry, I meant French gloves buyer, not manufacturer

All should remember that just last week, a big French gloves manufacturer was anxiously enquiring about the lockdown in Malaysia and eager to find out how would the gloves production be affected. That shows there is still urgency in the demand of gloves! This will also dispel the assumption that the Europeans and Americans are fully stocked up on gloves and are in no hurry to buy more!!

Thanks for the info @pjseow. However, is that 1.39B been factored in already when arriving at 4B cash in hand in the last quarter or will the expenses on expansion to be staggered over time as the expansion takes place?

--------------------------
pjseow 1.39 billions

How much would SM use fm their RM4B cashpile to upgrade their capacity locally in producing 48 billion gloves by 2022?

Anyone noticed Mercator also went up quite abit last nite?

As I am new here, are the expenses for expanding their production to 48 billion pair of gloves by 2022 to be used from the RM 4 billion cashpile Supermax has now? @pjseow

Question....

Good closing today. New theme to play O&G stocks now

Sorry, yes was priced at 69.5 sen not 71.5 sen

When was there announcemt on anthr pp? Tot the most recent pp was just completed 2 weeks ago priced at 71.5 sen.....

Weak holders are mostly pushed out d. Now it's time to tango!