Mini2021

Mini2021 | Joined since 2021-04-27

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1 day ago | Report Abuse

Why you not able to see fund buy supermx ? tell me why..

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2 days ago | Report Abuse

2 years ago, I totally disagree Boss purchase private Jet...... but today I'm totally agree... In US you need private Jet if not Donald Trumph will not play golf v you.

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1 month ago | Report Abuse

You come back another 6 months ...no need to grandmother story...

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1 month ago | Report Abuse

Adrian Tan: Shameful on you... Supermx will reach RM 5 within 18 months....mark my word.

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2 months ago | Report Abuse

Keep BUY, higher MYR1.04 TP (DCF) from MYR1.01, 27% upside. 4QFY24 (Jun) core profit swing back to the black (MYR6.4m), bringing Supermax Corp’s FY24 core losses to MYR36m. Results were lower-than-expected, as SUCB has continued to execute low-price contracts for two years at certain distribution and manufacturing plants since 1QFY23. Nonetheless, we see the light at the end of the tunnel, premised on its recovery in profitability, given that global demand for gloves are gradually picking up.

Results overview. SUCB reported a core profit of MYR6.4m in 4QFY24 (3QFY24: -MYR15m). Core profit was primarily adjusted for MYR27m (impairment of PPE), MYR72.9m (write-down of high price inventory), and additional tax charged at certain manufacturing units for prior years (amounting to MYR30.8m). On a sequential basis, the group saw higher sales (+25.6% QoQ), attributed to the increase in sales orders as customers ramp- up their stock replenishments. Assuming a blended ASP of USD20.50/1,000 pieces, this should work out to an estimated volume sold of 1.85bn pieces during this quarter (implying a 22% QoQ growth).

Cost outlook. We expect key raw material costs to normalise in the coming quarters on the back of lower nitrile prices (4% lower in 3Q24 as at August). Meanwhile, natural gas prices are set to be lower QoQ in 3Q24 (-8% QoQ as at August) on the back of a lingering global demand outlook.

Operating landscape turns favourable. Industry demand-supply dynamics continue to show signs of recovery on: i) The inventory destocking cycle coming to an end, ii) improving order visibility (with recent July exports showing signs of improvement; +11.8% MoM), and iii) customers being more receptive of price hikes. With the industry excess capacity gradually phasing out, we expect the gloves industry to achieve demand-supply equilibrium by 2H24. All in, we retain our view that gloves demand will continue picking up in the coming quarters, as client inventory levels continue to deplete – this is on top of gloves inventory levels (stockpiled since 2020) approaching their expiry dates (typical shelf life for gloves: 3-5 years).

Earnings adjustments. Post results, we raise our FY25F earnings (FY26 unchanged) by 5%, taking into account of a favourable cost outlook that should be able to offset against the weakening USD/MYR exchange rate. Our TP is incorporated with a 14% ESG discount, as SUCB’s 2.3 ESG score is below our 3.0 country median. Post our earnings adjustment, our DCF-derived TP is now raised to MYR1.04. Our TP implies 0.9x FY25F P/BV against its pre- COVID-19 historical mean of 1.3x.

Key risks: Higher-than-expected sales volumes, weaker-than-expected USD against the MYR, and lower-than-expected raw material prices.

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2 months ago | Report Abuse

Mr Lim bought RM8 , supermx bought RM 0.8

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2 months ago | Report Abuse

Boss share buy back 170,000,000 units... still can purchase 100,000,000 units....

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2 months ago | Report Abuse

AI , Bank and Property all are over!!!!! you can see fund move their money to the low price stock...... just look at HARTA and Topglov how KWSP sapu.....those who still holding AI stock congratulation....

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2 months ago | Report Abuse

Short seller short supermx kaw kaw.... Boss sharebuyback kakaka... shortseller now dilemma

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2 months ago | Report Abuse

I warm you guys...one day Supermx will reach RM 10

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2 months ago | Report Abuse

You buy Magnum and Toto better ... Morning buy , Evening harvest or people harvest you... fast result

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Ah Thai is building a liability in US instead of an asset. Asset generating positive cashflow, liability generating negative cashflow. 😂

Posted by CharlesT > 11 hours ago | Report Abuse

Ah Chai spent Co's RM1B+ for shares buyback n the current value is abt 10% left

AH Thai spent RM1B+ to build plant in US n we will see...

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2 months ago | Report Abuse

One off charges- RM 147 million ..... - RM 127 million= RM 20 million nett profit...


wakakaka you can sell I want to sapu...

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2 months ago | Report Abuse

Why ramped up the tax if not serious....kakaka

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2 months ago | Report Abuse

Dont hope can buy cheap Ah Tai will share buy back...cash RM 1.3 billion

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2 months ago | Report Abuse

Surprisingly revenue up RM 35 million as compared with last quarter....which is better than Kossan 0% up in revenue...

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2 months ago | Report Abuse

Profit 16 million if take off the one off charges..... Revenue Up 30 million mean the sales pickup ady...

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2 months ago | Report Abuse

In this quarter, the Supermax Group suffered losses before and after tax mainly due to several
one-off charges as follows:
• Impairment of plant and machinery, factory equipment, mould & tools at an old plant, which
has stopped production during the quarter amounting to RM27.1 million;
• provision for old and obsolete stock of packaging materials and certain down-graded glove
inventory at the old plants amounting to RM3.3 million;
• write-down of high price inventory at an overseas subsidiary amounting to RM72.85 million;
• pre-operating expenses of the new US plant amounting to RM421,223 (RM880,745 for FYE
30.6.2024);
• additional tax charged at certain manufacturing units for prior years charges amounting to
RM30.8 million; and
• Unrealised foreign exchange losses for the quarter amounting to RM9.9 million (RM27.9
million for FYE 30.6.2024)

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2 months ago | Report Abuse

Revenue up RM 30 million...

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2 months ago | Report Abuse

Are you ready another 5 days...

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2024-08-23 08:48 | Report Abuse

My expectation is 3 billion profit..... no woner drop to 2.0

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2024-08-20 10:12 | Report Abuse

How M-pox spread?

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2024-08-20 08:32 | Report Abuse

nothing to worry rm2 on the way...

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2024-08-18 16:43 | Report Abuse

RSS reduce to the lowest since pass 3 years...

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2024-08-16 14:18 | Report Abuse

Monkey pox pandemic seem like very wide spread...

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2024-07-26 10:31 | Report Abuse

QR today?? or Boss will postponed again?

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2024-07-22 09:05 | Report Abuse

Kossan Net Profit 80 million+

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2024-07-16 08:59 | Report Abuse

TP 1.5 by Month end

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2024-07-14 15:32 | Report Abuse

Tomorrow Glove Gap UP.... Trump win

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2024-06-23 07:26 | Report Abuse

Another 30 days.... Kossan Result.... Another 40 days Harta Result

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2024-06-21 06:23 | Report Abuse

Aiyaya dare to buy at RM 5.1 not dare to buy at RM 1.5 ..... this is pig not human...

dawchok

Need to compare to the historical data to say Boleh or Tak Boleh Pakai. Not many got in at 1.50, instead many entered at 5.1.

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2024-06-21 06:19 | Report Abuse

TP 1.5 by month end..

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2024-06-19 11:22 | Report Abuse

Management sold all the share already....now get few million play v u all...

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2024-06-19 11:18 | Report Abuse

You will never see Topglov at Rm 0.8 again...

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2024-06-19 09:50 | Report Abuse

0.8 above stay more than 1 weeks.... high possibly the JCY management offload their tickets ...RM 1?? risk is very high ....no worth to fight...

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2024-06-19 09:40 | Report Abuse

Calvin if buy from 0.3-0.4 also 100% lo... bettter than warrent buffet

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2024-06-19 09:33 | Report Abuse

Esos at 0.285 ...all staff at JCY rich untill father until recognized...

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2024-06-19 09:32 | Report Abuse

If the boss sell off 100 million keep inside Maybank every month also can get RM 2.5 million interest ...haiyo ....selling share tickets better than doing business

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2024-06-19 09:27 | Report Abuse

300% up ...apa lu mao??

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2024-06-19 09:01 | Report Abuse

0.285 till 0.9.....if I'm boss cash out 100 million and enjoy at Hawaii beach with many many lenlui lo...

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2024-06-19 07:45 | Report Abuse

Aiyaya RM 1.5 up to RM 3.55...up RM 2 leh...Who said glove sector cant pakai ...see??

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2024-06-18 15:04 | Report Abuse

Buy now or never? Year end TP RM 2

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2024-06-16 19:59 | Report Abuse

Going back To RM 4 ...

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2024-06-12 06:39 | Report Abuse

long time dint see topglove at 80 sen.... this month will say bye bye to price below 1.2 ..... after result price will maintain above 1.2 forever ever and never..

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2024-06-11 16:04 | Report Abuse

TP RM2 August 2024

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2024-06-07 07:44 | Report Abuse

See you at 0.2

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2024-05-29 09:00 | Report Abuse

If tariff up to 50%, many sales in USA will change to local made factory , that time Supermx is the biggest winner as Supermx is the only one invested 3 years ago to build the manufacturing line that cost about RM 2 billion.... RM 3-4 easily achived for supermx if the tariff rise to 50% ....If 100% ...supermx will BOOM ...

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2024-05-25 07:46 | Report Abuse

Supermx:

"The next stage will involve the installation of various manufacturing equipment including artificial intelligence (AI) automation and robotics facilities.

"A technical team from Supermax Malaysia will be deployed to the US facility in various stages for commissioning of the manufacturing facility.

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2024-05-25 07:45 | Report Abuse

Supermx:

"The next stage will involve the installation of various manufacturing equipment including artificial intelligence (AI) automation and robotics facilities.

"A technical team from Supermax Malaysia will be deployed to the US facility in various stages for commissioning of the manufacturing facility.