@abang_misai Because there are no Petronas/Shell petrol stations in the sea?

Gov ady said no GE15 until 80% vaccinated

Dear @Bullish,

No one analyses Cash flow from operations is RM 530 M ( B4 changes in working capital). In running a business, you need to take working cap into acc too right? As you can see, the company invested back RM190m into the hydropower project and another RM708m repaying debts. Paying more dividends would be like taking a loan to pay shareholders. Although i agree they should come out with a dividend policy soon to attract investors' interest.

Directors are also like ordinary investors, will take profit when the time is right. They are also like every other human, who needs money. Fortune 500 will take years. Can you delay your spending for years? This article seems prejudiced against TG

@humble1102 - Bro, C25 is a structured warrant, cash settled upon maturity, cant convert to mother

Seems like Harta wants to be a gentleman in this covid-era by not raising prices aggressively?

Their miserable retained earnings might not be sufficient for a bonus issue, but how about a share split? No retained earnings requirement. With a share price higher than TG and Supermax but with lower profits, it is obvious which share investors would choose right?

I would like to join too.

Any idea what is the lawsuit about?

https://www.theedgemarkets.com/article/gamuda-jv-shortlisted-au20b-sydney-metro-tunnelling-project-australia

@Jellyj

Please do your homework before commenting, Notion is exporting their face masks to US, that's why they got the FDA. Not for local sales

Instead about arguing how many gloves a doctor use to administer vaccine, the more sustainable demand would be before a patient goes for a surgery, covid-19 test is necessary. Remember the case when a patient lied, causing all the doctors & nurses to be quarantined? When they do Covid-19 tests, need gloves or not?

Yes share prices of gloves might not be as high once the vaccines are out, but it will not fall back to the pre-covid19 levels.

Good point from freetospeak:-

no doctor will want carry the responsibilty of being accused of cross contamination especially during pandemic ...if there is enuff gloves no doc will try to save gloves. why they wan to take the risk.

Hospitals and doctors will get sued for medical negligence if they don't change their gloves or reuse. Do you think doctors will take this risk? After all, they wear, then charge the patients only. Get warded in hospitals, they even charge you for toilet rolls man!

@universeck

FYI purchase of land is NOT an expense.

How much profit is the market expecting? The share price only rose 4 times, so around RM400m is reasonable?

Page not found

Using Topglov-C84 as illustration:-

Current price of C84: RM0.735
Exercise Ratio : 20
Exercise Price : RM18

Breakeven : RM0.735 x 20 + RM18 = RM32.70
Closing price of Mother = RM25.88
Premium: 26.35% (RM32.70/RM25.88)

After BI:
Current price of C84: RM0.735
Exercise Ratio : 20/3 = 6.67
Exercise Price : RM18/3 = RM6

Breakeven : RM0.735 x 6.67 + RM6 = RM10.90
Closing price of Mother = RM25.88/3 = RM8.62
Premium: 26.35% (RM10.90/RM8.62)

Premium remains the same, hence post BI the price of CW should still be the same.

Good results considering they were not operating during MCO right?

@super_newbie

Caring has been acquired by 7-11.

@RRlapanlapan

Is the price for TG US OTC correct?https://www.bloomberg.com/quote/TGLVY:US

USD24?

@wickedlion

Better than Pharmaniaga/Duopharma, it is as if they manufacture the vaccine, the profit margin for their bottling could be lower than Bioalpha's

@ High5

Myeg already completed the acquisition of 10%


https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3066647

https://www.theedgemarkets.com/article/ancom-group-restructure-see-entry-immigration-tech-company-s5

https://www.theedgemarkets.com/article/ancom-group-restructure-see-entry-immigration-tech-company-s5

@ hengsame

Doctors inject vaccine also need gloves.
After Covid-19, do you think healthcare staff will dare to handle any patient without gloves?
All patients come in with a 'I have taken the Covid-19 vaccine' is it?

@vivabursa

Supermax's normal quarter PAT is around 30mil.
10x that amount is 300mil, which is within analysts' expectations for the next few quarters.

The question is, for how many quarters?

That aside, glove sector commands a highers now, as which other sector is capable of showing a profit?

It is rightS issue, not right.
It refers to shareholders' preemptive rights

@ahbah
All right issues are actually WRONG issues ! All right issues steal

our hard earn moni !

Of course, I ALWAYS welcome all massive div !

https://www.dw.com/en/coronavirus-in-beijing-lockdown-extended-citywide-as-outbreak-grows/a-53837402

@newbie8080

That is not apple to apple comparison.
The correct comparison should be OEM + distributor/brand markup vs OBM price.

DJ futures is up 100 - https://www.cnbc.com/2020/06/11/stock-market-futures-open-to-close-news.html

Any1 has a list of banks with margin calls and their due date?

Another small potential customer base for glovemakers? Lol

“We are ready to make sure our barbers wear a face shield and disposable aprons and gloves, which must be changed after every customer.

https://www.malaymail.com/news/malaysia/2020/06/06/senior-minister-barbers-hairdressers-personal-grooming-businesses-can-resum/1873018

@ LiimInvest Could you pls share your source?

In regards to the barriers of entry, yes the gloves industry looks good.
You are well aware that setting up factory, production line and approvals for exports could easily take up more than a year. Who would risk setting up a factory when Covid 19 could have just ended in less than a year, before the factory is completed? Besides, gloves is a volume game, you do need that economies of scale. Who in their right mind would want to compete with the Big 4, given that their costs are like USD 0.06c a piece? Are new entrants confident that they can beat that price? Plus the oversupply in a few years time will bring down ASP that will hurt new entrant's margin even further.

https://www.thestar.com.my/news/nation/2020/06/05/visa-kiplepay-partnership-accelerates-e-wallet-solutions?fbclid=IwAR1VHxA0LOujoq8HrB_qtVZ5UAaOiOAzZe_tfgQZaTT4JiGnta0S0bnWubk

@ kitkat could you pls share the link to DOSM file? thx

In recent years, the Group had introduced auto financing services which include the provision of conventional hire purchase loans and Islamic hire purchase loans as well as personal and business financing services. In addition to the aforementioned, the management of the Company is also keen to venture into digital banking services and
is currently in the midst of preparing and submitting the application(s) for the licence(s) necessary for the provision of digital banking services, which entails the leveraging and application of technologies for the delivery of financial products and services

@remomama94 Could you kindly post the content of the article here? Thanks.

The Group collaborates with over 1 200 distributors globally, in addition to eight of the company’s own distribution centres based in the United States, Brazil, Canada, Ireland, United Kingdom, Hong Kong,
Singapore and Japan.

Covid 19 ranking based on country with highest cases and Number of cases:
United States (Ranking 1, 1.81m cases)
Brazil (Ranking 2, 500k cases)
Canada (Ranking 14, 90k cases)
Ireland (Ranking 34, 25k cases)
United Kingdom(Ranking 5, 273k cases)
Hong Kong (Ranking 109, 1k cases)
Singapore (Ranking 26, 34k cases)
Japan (Ranking 42, 16,8k cases)

With 3 owned distribution centres in the top 5 countries (US, Brazil, UK) with most cases, Supermax's profits should be able to sustain.

@probability According to https://www.worldometers.info/coronavirus/, Brazil's population is No 6 in the world, so probably this is one of the reason.

Plus according to Hartalega's 2018 AGM Slides, the gloves consumption per capita in Brazil is at 32, ranks at bottom 6, only above Romania (30), Philippines (10), China (6), Indonesia (4), and India (2). For comparison, Netherlands ranks top at 276, followed by Denmark (259) and US (250).

Imagine the growth potential!

Posted by probability > May 23, 2020 9:45 AM | Report Abuse

Just curious to know, why did Supermax venture to Brazil far ahead of covid 19? There must huge demand there naturally. but could not figure out the reasons...

Brazil suffers record daily coronavirus death toll, soon to be world No 2 (https://focusmalaysia.my/others/brazil-suffers-record-daily-coronavirus-death-toll-soon-to-be-world-no-2/)

In Supermax's 2019 Annual Report, the only investment in associate which is not impaired is Supermax Brasil Importadora S/A whose principal activity is Marketing, importing and distributing latex gloves with a stake of 50%.

Unfortunate news for Brazil, but good for Supermax. Share of profit in associates also increased 2.7 times in the latest Q3 from RM1.675m to RM4.575m which is assumed to be from the Brazil associate.

The request for suspension is made under Paragraph 3.1(c) of Practice Note 2 on Requests for Suspension of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

​3.1 ​The Exchange may approve a listed issuer's request for suspension where -
​​(c) ​any other reason which, in the opinion of the Exchange, justifies a suspension.

Sounds like some clarification required by Bursa?

On 15 January 2020, Ideal Quality Sdn Bhd, a subsidiary of the Company entered into a conditional sale and purchase agreement (“SPA”) for the disposal of its vacant freehold industrial land measuring approximately 390,397 sq. metres (4,202,194.27 sq.ft) (“Land”) in the District of Kuala Langat, State of Selangor for a total cash consideration of RM 147,749,148.00. The audited net book value of this land as at 31 December 2019 was RM 96,697,695.00

The Company had on 16 March 2020 terminated the said Sale and Purchase Agreement ("SPA") for the nonfulfillment of the terms and conditions as stipulated in the SPA by the Purchaser. Upon the termination, neither party shall have any claim against the other in relation to the SPA.
On 01 April 2020, the same subsidiary of the Company entered into a conditional sale and purchase agreement (“SPA”) for the disposal of its vacant freehold industrial land measuring approximately 390,397 sq. metres (4,202,194.27 sq.ft) (“Land”) in the District of Kuala Langat, State of Selangor for a total cash consideration of RM153,380,091.00. The audited net book value of this land as at 31 December 2019 was RM 96,697,695.00. This SPA is not completed at the date of this announcement.

Assuming the SPA is signed by the end of June, another one off profit of ~ RM57mil is to be realised next Q!

Latest QR shows increase in EBITDA. After removing one-off gains (disposal & remeasurement) in corresponding Q, PBT declined by only 95m due to MFRS 16. No need to over-react

ECRL is on!

I wonder the same about inventory gains as well, as under MFRS inventory is recognised at lower of cost or net realisable value, not fair value. Hence inventory gains will only be reflected in the form of higher margins. Correct me if I am wrong.

I also dont understand how rising crude oil is a good news( other than inv gains) , as it is a raw material for refiners. Can anyone explain?