THE ONLY AI GLOVE FACTORY:
Supermax’s US factory nears completion

08 Dec 2023

Supermax Corp Bhd announced that its first glove manufacturing facility in the US is nearing completion, with the group having fulfilled and complied with various regulatory requirements, including permits, to operate the plant in Brazoria County, Texas.

“Supermax’s American and Malaysian teams have been working very hard to manage the setting-up of the US operations and we are pleased to announce that construction of our first manufacturing facility will be substantially completed before the end of December 2023. The next stage will involve the installation of various manufacturing equipment including AI, automation and robotics facilities,” said Supermax executive chairman Datuk Seri Stanley Thai in a statement that was issued following the group’s annual general meeting on Friday.

“A technical team from Supermax Malaysia will be deployed to the US facility in various stages for commissioning of the manufacturing facility,” Thai added.

According to the group, it is the first Malaysian company to set up a glove plant in the US, the biggest glove consuming market in the world.

The group, however, did not indicate when the plant, in which it planned an investment of US$350 million (RM1.6 billion), is expected to start production. It had originally targeted that to be in the fourth quarter of 2022, which was then pushed back to the second quarter of this year.

Meanwhile, Thai shared with shareholders at the AGM that the group is expected to continue to face challenges for the next five to six quarters, with improvements only expected in 2025.

Last month, Supermax reported a net loss of RM2.05 million for its first quarter ended Sept 30, 2023 (1QFY2024), compared to a net profit of RM5.71 million in 1QFY2023, as revenue shrunk to RM177.96 million from RM247.96 million amid weaker demand, while selling prices remained lower.

It is the group’s fourth straight loss-making quarter since 4QFY2023. Still, the group has been progressively narrowing its losses each quarter. It logged a net loss of RM108.07 million in 2QFY2023, RM39.91 million in 3QFY2023 and RM7.17 million in 4QFY2023.

In its results filing, Supermax attributed the losses it incurred to continued weak demand as buyers were still going through their heavily over-stocked positions post-pandemic, while it had to face a loss of revenue from a major market, the US, due to the Withhold Release Order imposed by the US Customs and Border Protection in October 2021, which was only lifted on Sept 18 this year.

Shares in Supermax settled unchanged at 90 sen on Friday, giving the group a market capitalisation of RM2.44 billion. The stock has climbed five sen or 5.88% since the start of this year.

Source: The Edge Malaysia

THE ONLY AI GLOVE FACTORY:
Supermax’s US factory nears completion

08 Dec 2023

Supermax Corp Bhd announced that its first glove manufacturing facility in the US is nearing completion, with the group having fulfilled and complied with various regulatory requirements, including permits, to operate the plant in Brazoria County, Texas.

“Supermax’s American and Malaysian teams have been working very hard to manage the setting-up of the US operations and we are pleased to announce that construction of our first manufacturing facility will be substantially completed before the end of December 2023. The next stage will involve the installation of various manufacturing equipment including AI, automation and robotics facilities,” said Supermax executive chairman Datuk Seri Stanley Thai in a statement that was issued following the group’s annual general meeting on Friday.

“A technical team from Supermax Malaysia will be deployed to the US facility in various stages for commissioning of the manufacturing facility,” Thai added.

According to the group, it is the first Malaysian company to set up a glove plant in the US, the biggest glove consuming market in the world.

The group, however, did not indicate when the plant, in which it planned an investment of US$350 million (RM1.6 billion), is expected to start production. It had originally targeted that to be in the fourth quarter of 2022, which was then pushed back to the second quarter of this year.

Meanwhile, Thai shared with shareholders at the AGM that the group is expected to continue to face challenges for the next five to six quarters, with improvements only expected in 2025.

Last month, Supermax reported a net loss of RM2.05 million for its first quarter ended Sept 30, 2023 (1QFY2024), compared to a net profit of RM5.71 million in 1QFY2023, as revenue shrunk to RM177.96 million from RM247.96 million amid weaker demand, while selling prices remained lower.

It is the group’s fourth straight loss-making quarter since 4QFY2023. Still, the group has been progressively narrowing its losses each quarter. It logged a net loss of RM108.07 million in 2QFY2023, RM39.91 million in 3QFY2023 and RM7.17 million in 4QFY2023.

In its results filing, Supermax attributed the losses it incurred to continued weak demand as buyers were still going through their heavily over-stocked positions post-pandemic, while it had to face a loss of revenue from a major market, the US, due to the Withhold Release Order imposed by the US Customs and Border Protection in October 2021, which was only lifted on Sept 18 this year.

Shares in Supermax settled unchanged at 90 sen on Friday, giving the group a market capitalisation of RM2.44 billion. The stock has climbed five sen or 5.88% since the start of this year.

Source: The Edge Malaysia

If buy during afternoon no need to think?

If limit up cant then slow up can?

So tommorow how? if push until 1.2 then back to 0.8 kwap earn very little how? why not push till rm 2 then slowly throw till rm 1.5? Then can earn big ma..right?

TP 2.0 by year end.

TP 1.5 by month end...

The effects of tariff benefit to Malaysia since January 2024.... Please do more homework. Yesterday surge is the last call for late comer.

When??? Now lo!! WAKAKAKA

If Donald Duck Win 100% on rubber gloves tariff... immediately enforcement...

Malaysia Steel will up up up...

A mandatory review of the Section 301 tariffs on imports from China concluded May 14 with recommendations to increase some tariffs on $18 billion worth of Chinese goods, establish an exclusion process for a limited number of products, and make other changes. A Federal Register notice soliciting comments on the proposed changes is expected next week.

The recommendations are included in the Office of the U.S. Trade Representative’s report on its review of the tariffs, which were first imposed in 2018 in an effort to persuade China to modify its “harmful technology transfer-related acts, policies, and practices.” USTR Katherine Tai said that while the tariffs have been somewhat successful in that regard, “further action is required.”

USTR also downplayed the impact of the tariffs on U.S. businesses, saying they have had small negative effects on U.S. economic welfare, prices, and employment and that these impacts are “particularly associated” with China’s retaliatory tariffs on U.S. exports. In fact, USTR asserted, the tariffs have helped to increase U.S. production in the most-affected industrial sectors, reduce imports from China, and increase imports from alternate sources, “thereby potentially supporting U.S. supply chain diversification and resilience.”

USTR is therefore proposing to maintain all existing Section 301 tariffs on Chinese goods and to add or increase tariffs on the following products.

- battery parts (non-lithium-ion batteries) – from 7.5 percent to 25 percent in 2024

- electric vehicles – from 25 percent to 100 percent in 2024

- lithium-ion electrical vehicle batteries – from 7.5 percent to 25 percent in 2024

- lithium-ion non-electrical vehicle batteries – from 7.5 percent to 25 percent in 2026

- medical gloves – from 7.5 percent to 25 percent in 2026

- natural graphite – from 0 to 25 percent in 2026

- other critical minerals – from 0 to 25 percent in 2024

- permanent magnets – from 0 to 25 percent in 2026

- personal protective equipment – from 0-7.5 percent to 25 percent in 2024

- semiconductors – from 25 percent to 50 percent by 2025

- ship-to-shore cranes – from 0 to 25 percent in 2024

- solar cells (whether or not assembled into modules) – from 25 percent to 50 percent in 2024

- steel and aluminum products – from 0-7.5 percent to 25 percent in 2024

- syringes and needles – from 0 to 50 percent in 2024

Let the result take the walk..

Topglove will be RM 3 within next 3 years...... This is why KWAP keep sapu...

A mandatory review of the Section 301 tariffs on imports from China concluded May 14 with recommendations to increase some tariffs on $18 billion worth of Chinese goods, establish an exclusion process for a limited number of products, and make other changes. A Federal Register notice soliciting comments on the proposed changes is expected next week.

The recommendations are included in the Office of the U.S. Trade Representative’s report on its review of the tariffs, which were first imposed in 2018 in an effort to persuade China to modify its “harmful technology transfer-related acts, policies, and practices.” USTR Katherine Tai said that while the tariffs have been somewhat successful in that regard, “further action is required.”

USTR also downplayed the impact of the tariffs on U.S. businesses, saying they have had small negative effects on U.S. economic welfare, prices, and employment and that these impacts are “particularly associated” with China’s retaliatory tariffs on U.S. exports. In fact, USTR asserted, the tariffs have helped to increase U.S. production in the most-affected industrial sectors, reduce imports from China, and increase imports from alternate sources, “thereby potentially supporting U.S. supply chain diversification and resilience.”

USTR is therefore proposing to maintain all existing Section 301 tariffs on Chinese goods and to add or increase tariffs on the following products.

- battery parts (non-lithium-ion batteries) – from 7.5 percent to 25 percent in 2024

- electric vehicles – from 25 percent to 100 percent in 2024

- lithium-ion electrical vehicle batteries – from 7.5 percent to 25 percent in 2024

- lithium-ion non-electrical vehicle batteries – from 7.5 percent to 25 percent in 2026

- medical gloves – from 7.5 percent to 25 percent in 2026

- natural graphite – from 0 to 25 percent in 2026

- other critical minerals – from 0 to 25 percent in 2024

- permanent magnets – from 0 to 25 percent in 2026

- personal protective equipment – from 0-7.5 percent to 25 percent in 2024

- semiconductors – from 25 percent to 50 percent by 2025

- ship-to-shore cranes – from 0 to 25 percent in 2024

- solar cells (whether or not assembled into modules) – from 25 percent to 50 percent in 2024

- steel and aluminum products – from 0-7.5 percent to 25 percent in 2024

- syringes and needles – from 0 to 50 percent in 2024

easily break RM 1.5 ...TP RM 2 year end

USD 200 can buy 1,000 units Topglov Shares.... super cheap ....USA investor these few weeks sapu a lot

I heard someone holding the Kossan Result , they need more time to collect cheap tickets..

RM 2 confirm la...RM 2 is slightly higher than pre-covid price... now foreign investor keep buying... ringgit cheap , glove counter cheap ... aiyo tunggu apa...

KWAP buy not at Rm 0.9 3 years later sell at RM 3...aiyo 200% le

Kossan will hit RM 3 by month end....hold your seat belt ..

KWAP got every data that topglov selling that is why they buy confidently ...

KWAP keep buying Topglove.... What is KWAp???? KWAP: Kumpulan Wang Persara! You think government take all the Persara money play play in stock??

Breaking news: I heard Kossan Boss keep the financial report inside the wash room... and their helper help to throw ady...so expected will delay the report announcement date that should be ready by end of April

Easily RM1

Kossan this quarter result very good until the boss forget to submit the report to bursa.... I heard the boss hug the result report sleep every night ..

Kossan this quarter result very good until the boss forget to submit the report to bursa.... I heard the boss hug the result report sleep every night ..

This is the most undervalue glove counter among Big 4, Kossan and Supermx share price back to pre-covid price... Topglov still below 30% from pre-covid....watch out

PAT for kossan should be RM 50-100 million

The result for glove company is very good until they not dare to announce the result.... they still collecting the ticket.

TP1.2 by end of May

Buy milk free virus ...USA powerful

Aiyo: US FDA said okay to drink o...

CNN —

The US Food and Drug Administration said Tuesday that it had detected viral particles of H5N1 avian influenza in milk purchased at grocery stores, but the agency says it still believes that the milk is safe to drink.

In an update about an ongoing outbreak of bird flu in cattle, the FDA noted that it believes the viral particles were detected by highly sensitive lab tests and are likely to have been remnants of viruses killed during the pasteurization process. The agency said that it does not think it is likely that the particles would able to infect people but it is conducting additional tests to be completely sure.

Topglove supress by big fund manager.... at least 1600,000,000 -2400,000,000 units share s at fund manager hand ....they can easily play up and down...

Steel price up 3%

1 USD = RM 4.8 .....good for export counter....GOOOOOOOOOOOOOOOOOOOO

Last time share buyback was RM 8, Tan Sri said: you will never buy at this price again! Yes he is right because you will never see RM 8 again ......HAhahahahahah

USD up good for export

Thank you Iran , best time to collect...TP RM 1

TP 1.3

Gold, Copper, Silver up to historical high..... Next Steel...

TP 0.90 next week

Congratulations ..... China Glove offically lose to Malaysian Glove counter...... Buy before too late...

8,208,000,000 units share , satu orang makan sikit sikit lama lama jadi bukit...

RM 2.5 reach soon

China Glove ady block by US ma...

See as I mentioned before Harta and Kossan will up first, then until Topglove.....forget about supermx

TP 1.2 end of month

TP RM 1 next week

TP 0.9 next week ....