1. Hartalega - would always command a premium over the rest (founder Mr Kuan - is an industry titan / pioneer) with strong balance sheet and state of the art facility / technology.

2. Top Glove is the ever expanding, aggressive, high profile number 2 chasing Hartalega market leader (market cap) position. What made me hesitant was the huge debts taken to expand - perpetual sukuk. I never liked overly aggressive business philosophy. However, today Topglove is reaping the full benefit due to their aggressive growth model.

3. Kossan was the number 3, steady, expanding with good margin glove player who was not as aggressive as Topglove but reliable and willing to work hard to fulfil their OEM client needs whilst carving their own niche is technical gloves.

4. Supermax was the OBM player who had fluctuating performance, and margin that was lower with a less healthy balance sheet. Today, Supermax OBM model is paying off benefiting from full ASP increase.

1. Hartalega - would always command a premium over the rest (founder Mr Kuan - is an industry titan / pioneer) with strong balance sheet and state of the art facility / technology.

2. Top Glove is the ever expanding, aggressive, high profile number 2 chasing Hartalega market leader (market cap) position. What made me hesitant was the huge debts taken to expand - perpetual sukuk. I never liked overly aggressive business philosophy. However, today Topglove is reaping the full benefit due to their aggressive growth model.

3. Kossan was the number 3, steady, expanding with good margin glove player who was not as aggressive as Topglove but reliable and willing to work hard to fulfil their OEM client needs whilst carving their own niche is technical gloves.

4. Supermax was the OBM player who had fluctuating performance, and margin that was lower with a less healthy balance sheet. Today, Supermax OBM model is paying off benefiting from full ASP increase.

1. Hartalega - would always command a premium over the rest (founder Mr Kuan - is an industry titan / pioneer) with strong balance sheet and state of the art facility / technology.

2. Top Glove is the ever expanding, aggressive, high profile number 2 chasing Hartalega market leader (market cap) position. What made me hesitant was the huge debts taken to expand - perpetual sukuk. I never liked overly aggressive business philosophy. However, today Topglove is reaping the full benefit due to their aggressive growth model.

3. Kossan was the number 3, steady, expanding with good margin glove player who was not as aggressive as Topglove but reliable and willing to work hard to fulfil their OEM client needs whilst carving their own niche is technical gloves.

4. Supermax was the OBM player who had fluctuating performance, and margin that was lower with a less healthy balance sheet. Today, Supermax OBM model is paying off benefiting from full ASP increase.

Commentaries on The Recent Glove Sector Selldown Since Top Glove Results Announcement

When Covid-19 was still known as Novel Coronavirus in end Jan and before a full blown pandemic, during a round of golf, a seasoned investor whom I was having a game with told me to buy Supermax. The price was RM1.70 then. I refused as my biggest reservation was the past political issues of the founder. Clearly, I was wrong

I wanted to be patient to wait for results earnings before I make a call which is my style.I couldn't believe how crazy the sector rerated as retailers, research analysts and promoters were pushing Big 4 and other lesser known / loss making glove players. To me it has become like a "Tulip Mania". But I was wrong when Top Glove released the results last week. It was off the charts. They were right.


Now fast forward to today, the entire sector appears to be facing sell off due to a variety of reasons. I won't address it here one by one but will deal with it in a later article. I will only say this - the gloves sector retractment / selloff is a godsend opportunity to those who missed the ride. Whoever entered earlier and is taking profit now, congratulations, you or the fund did well hence taking profit off the table is good discipline.

BUT, this is a good opportunity to collect Topglove, Supermax, Kossan and Hartalega (in order of position) because fundamentally, this will be a record run never seen in our history and it is a culmination of 30-40 years since the industry was built by the pioneers back when there were over 300 players competing. What you see today are the reward being reaped after years of innovation, persistence, competition by these manufacturers who built their business on solid foundation that even China manufacturers with their skilled copycat / technology innovation cannot compete. Malaysia glove sector is an industry that controls 65% of world market share not by sheer luck or opportunistic play. It is years of organic growth backed by natural resources, technology innovation, R&D which has won the trust, certification and global reputation for the country.



This is my view and I hope it will clear some of the confusion / anxiety / worry faced by my fellow investors. Rather than throw your money into syndicated promoted goreng stocks with poor fundamentals, have a little faith in our Malaysian industrialist who have toiled and sweat more than 30 years to play a big role in fighting covid-19 global pandemic and protecting frontliners with their products. Their valuation is more than justified and I believe this is one of the best opportunities in the market right now

Commentaries on The Recent Glove Sector Selldown Since Top Glove Results Announcement

When Covid-19 was still known as Novel Coronavirus in end Jan and before a full blown pandemic, during a round of golf, a seasoned investor whom I was having a game with told me to buy Supermax. The price was RM1.70 then. I refused as my biggest reservation was the past political issues of the founder. Clearly, I was wrong

I wanted to be patient to wait for results earnings before I make a call which is my style.I couldn't believe how crazy the sector rerated as retailers, research analysts and promoters were pushing Big 4 and other lesser known / loss making glove players. To me it has become like a "Tulip Mania". But I was wrong when Top Glove released the results last week. It was off the charts. They were right.


Now fast forward to today, the entire sector appears to be facing sell off due to a variety of reasons. I won't address it here one by one but will deal with it in a later article. I will only say this - the gloves sector retractment / selloff is a godsend opportunity to those who missed the ride. Whoever entered earlier and is taking profit now, congratulations, you or the fund did well hence taking profit off the table is good discipline.

BUT, this is a good opportunity to collect Topglove, Supermax, Kossan and Hartalega (in order of position) because fundamentally, this will be a record run never seen in our history and it is a culmination of 30-40 years since the industry was built by the pioneers back when there were over 300 players competing. What you see today are the reward being reaped after years of innovation, persistence, competition by these manufacturers who built their business on solid foundation that even China manufacturers with their skilled copycat / technology innovation cannot compete. Malaysia glove sector is an industry that controls 65% of world market share not by sheer luck or opportunistic play. It is years of organic growth backed by natural resources, technology innovation, R&D which has won the trust, certification and global reputation for the country.



This is my view and I hope it will clear some of the confusion / anxiety / worry faced by my fellow investors. Rather than throw your money into syndicated promoted goreng stocks with poor fundamentals, have a little faith in our Malaysian industrialist who have toiled and sweat more than 30 years to play a big role in fighting covid-19 global pandemic and protecting frontliners with their products. Their valuation is more than justified and I believe this is one of the best opportunities in the market right now

Commentaries on The Recent Glove Sector Selldown Since Top Glove Results Announcement

When Covid-19 was still known as Novel Coronavirus in end Jan and before a full blown pandemic, during a round of golf, a seasoned investor whom I was having a game with told me to buy Supermax. The price was RM1.70 then. I refused as my biggest reservation was the past political issues of the founder. Clearly, I was wrong

I wanted to be patient to wait for results earnings before I make a call which is my style.I couldn't believe how crazy the sector rerated as retailers, research analysts and promoters were pushing Big 4 and other lesser known / loss making glove players. To me it has become like a "Tulip Mania". But I was wrong when Top Glove released the results last week. It was off the charts. They were right.


Now fast forward to today, the entire sector appears to be facing sell off due to a variety of reasons. I won't address it here one by one but will deal with it in a later article. I will only say this - the gloves sector retractment / selloff is a godsend opportunity to those who missed the ride. Whoever entered earlier and is taking profit now, congratulations, you or the fund did well hence taking profit off the table is good discipline.

BUT, this is a good opportunity to collect Topglove, Supermax, Kossan and Hartalega (in order of position) because fundamentally, this will be a record run never seen in our history and it is a culmination of 30-40 years since the industry was built by the pioneers back when there were over 300 players competing. What you see today are the reward being reaped after years of innovation, persistence, competition by these manufacturers who built their business on solid foundation that even China manufacturers with their skilled copycat / technology innovation cannot compete. Malaysia glove sector is an industry that controls 65% of world market share not by sheer luck or opportunistic play. It is years of organic growth backed by natural resources, technology innovation, R&D which has won the trust, certification and global reputation for the country.



This is my view and I hope it will clear some of the confusion / anxiety / worry faced by my fellow investors. Rather than throw your money into syndicated promoted goreng stocks with poor fundamentals, have a little faith in our Malaysian industrialist who have toiled and sweat more than 30 years to play a big role in fighting covid-19 global pandemic and protecting frontliners with their products. Their valuation is more than justified and I believe this is one of the best opportunities in the market right now

Commentaries on The Recent Glove Sector Selldown Since Top Glove Results Announcement

When Covid-19 was still known as Novel Coronavirus in end Jan and before a full blown pandemic, during a round of golf, a seasoned investor whom I was having a game with told me to buy Supermax. The price was RM1.70 then. I refused as my biggest reservation was the past political issues of the founder. Clearly, I was wrong

I wanted to be patient to wait for results earnings before I make a call which is my style.I couldn't believe how crazy the sector rerated as retailers, research analysts and promoters were pushing Big 4 and other lesser known / loss making glove players. To me it has become like a "Tulip Mania". But I was wrong when Top Glove released the results last week. It was off the charts. They were right.


Now fast forward to today, the entire sector appears to be facing sell off due to a variety of reasons. I won't address it here one by one but will deal with it in a later article. I will only say this - the gloves sector retractment / selloff is a godsend opportunity to those who missed the ride. Whoever entered earlier and is taking profit now, congratulations, you or the fund did well hence taking profit off the table is good discipline.

BUT, this is a good opportunity to collect Topglove, Supermax, Kossan and Hartalega (in order of position) because fundamentally, this will be a record run never seen in our history and it is a culmination of 30-40 years since the industry was built by the pioneers back when there were over 300 players competing. What you see today are the reward being reaped after years of innovation, persistence, competition by these manufacturers who built their business on solid foundation that even China manufacturers with their skilled copycat / technology innovation cannot compete. Malaysia glove sector is an industry that controls 65% of world market share not by sheer luck or opportunistic play. It is years of organic growth backed by natural resources, technology innovation, R&D which has won the trust, certification and global reputation for the country.



This is my view and I hope it will clear some of the confusion / anxiety / worry faced by my fellow investors. Rather than throw your money into syndicated promoted goreng stocks with poor fundamentals, have a little faith in our Malaysian industrialist who have toiled and sweat more than 30 years to play a big role in fighting covid-19 global pandemic and protecting frontliners with their products. Their valuation is more than justified and I believe this is one of the best opportunities in the market right now

Commentaries on The Recent Glove Sector Selldown Since Top Glove Results Announcement

When Covid-19 was still known as Novel Coronavirus in end Jan and before a full blown pandemic, during a round of golf, a seasoned investor whom I was having a game with told me to buy Supermax. The price was RM1.70 then. I refused as my biggest reservation was the past political issues of the founder. Clearly, I was wrong

I wanted to be patient to wait for results earnings before I make a call which is my style.I couldn't believe how crazy the sector rerated as retailers, research analysts and promoters were pushing Big 4 and other lesser known / loss making glove players. To me it has become like a "Tulip Mania". But I was wrong when Top Glove released the results last week. It was off the charts. They were right.


Now fast forward to today, the entire sector appears to be facing sell off due to a variety of reasons. I won't address it here one by one but will deal with it in a later article. I will only say this - the gloves sector retractment / selloff is a godsend opportunity to those who missed the ride. Whoever entered earlier and is taking profit now, congratulations, you or the fund did well hence taking profit off the table is good discipline.

BUT, this is a good opportunity to collect Topglove, Supermax, Kossan and Hartalega (in order of position) because fundamentally, this will be a record run never seen in our history and it is a culmination of 30-40 years since the industry was built by the pioneers back when there were over 300 players competing. What you see today are the reward being reaped after years of innovation, persistence, competition by these manufacturers who built their business on solid foundation that even China manufacturers with their skilled copycat / technology innovation cannot compete. Malaysia glove sector is an industry that controls 65% of world market share not by sheer luck or opportunistic play. It is years of organic growth backed by natural resources, technology innovation, R&D which has won the trust, certification and global reputation for the country.



This is my view and I hope it will clear some of the confusion / anxiety / worry faced by my fellow investors. Rather than throw your money into syndicated promoted goreng stocks with poor fundamentals, have a little faith in our Malaysian industrialist who have toiled and sweat more than 30 years to play a big role in fighting covid-19 global pandemic and protecting frontliners with their products. Their valuation is more than justified and I believe this is one of the best opportunities in the market right now.

Why @mf keep spamming negative news at all Gloves stocks ?
1) He misses the boat on Gloves stocks super bull and jealous
2) Most of his investment are O&G stocks (not moving) and some penny/ABC stocks.
I alrd check his past/present history comments at mf profile
3) He almost or alrd lost his pant off , low sai / bankrupt

Note: We should forgive n pity this dumber/retard or sochai mistake



DJoker89 Mf not much money to invest, he need to sing vaccine song until the price drop cheap cheap till the price he can afford. Not his fault, but he didn't realised his action only create hatred and more curse to himself...

@mf it may sound smart plan but it's look retard and ineffective in a way yeah.
20/06/2020 9:56 AM

Why @mf keep spamming negative news at all Gloves stocks ?
1) He misses the boat on Gloves stocks super bull and jealous
2) Most of his investment are O&G stocks (not moving) and some penny/ABC stocks.
I alrd check his past/present history comments at mf profile
3) He almost or alrd lost his pant off , low sai / bankrupt

Note: We should forgive n pity this dumber/retard or sochai mistake



DJoker89 Mf not much money to invest, he need to sing vaccine song until the price drop cheap cheap till the price he can afford. Not his fault, but he didn't realised his action only create hatred and more curse to himself...

@mf it may sound smart plan but it's look retard and ineffective in a way yeah.
20/06/2020 9:56 AM

Farkmfmother @mf your mother juice mix with my cummm is a good vaccine for corona..ask yourmother to clean her part properly
i heard your mom service the bangla gardener for rm 10

Congrtulation @mf u did it again !


@Farkmfmother when his daughter turn?



Farkmfmother hello mf i am having a good time with your mom..you can collect her secretions with my cumm and make a vaccine out of it

Ayoyo this sorhai never tired of reposting the vaccine non stop
Must be using his wife n daughters juice to produce vaccine but not enough for Malaysia beside world needs

mf Russia begins human trials of COVID-19 vaccine: Epidemiologist says mass vaccination may begin this fall

Ayoyo this sorhai never tired of reposting the vacine non stop
Must be using his wife n daughters juice to produce vaccine but not enough for Malaysia beside world needs

mf Russia begins human trials of COVID-19 vaccine: Epidemiologist says mass vaccination may begin this fall

@ aramcooo created new fake id on Jun 18, 2020 7:01 PM yesterday to talk rubbish here
Must be a psychopath just ignore this sohai

EngineeringProfit Why got 2 aramcos here???

Original Aramco alrd few years in i3
The copycat aramcooo just created yesterday (comments 21 only), must be kena hantam by the Original Aramco Kao Kao n now trying to mislead i3 member is me
The copycat must be low class people or sohai
19/06/2020 8:49 AM

The new emerge so call expert appearing could be Sohai/Sorlou n opening his brady stinky mouth

aramcooo don't ever think it will go back RM8 and above. those ppl think who is cheap and hold while bought it at RM9... think wisely.

Dont open ur brady big mouth so soon sorlou

I've been in business n stock investment for more than 30 years
Got no knowledge of buying Land,Machinery,Building,Warehous n Vehicle will affect EPS
Please check/refer to somebody u know as a accountant or auditor b4 u coomment in this Forum. @sharesnewbie 20 years experience in stocks market?
XIAO XI REN / LAUGH ME DIE


Jack Khan Yes buy land and machine all go into asset! and machine normaly have depreciation that will go into expenses!
Land remain asset until they decide to sell it or revaluation!

Posted by fightingdragons > Jun 18, 2020 6:07 PM | Report Abuse

sharesnewbie frank, the EPS will factor in their expenses also. how much they spend to buy a new land ? and machine / cost is not low, so the EPS deserves a discount, when it goes lower expectation, even if the report shows revenue. it will go low also, somemore there are many weeks to announce QR.

and i saw here previously got ppl go ask supermx reveal the report ontime or early ? i wonder that will work.
----
Since when buying land and machinery is an expense??
18/06/2020 6:38 PM

mf Coronavirus (Covid-19) Vaccine Latest Update: Vaccines developed by Moderna Inc, China's Sinovac Biotech and UK's Oxford-AstraZeneca are set to enter late-stage trials in July and subject to large-scale studies

At last ur non stop reposting comments really work this time
Congratulation , should give u a very big applaud
All ikan bilis n contra player suffer very bad set back n lost a lot of money + panic seller too

Just like a 20 yrs old parrot talking without using brain/logic , just parroting only

@sharesnewbie This BRO@ChaseBros should be recognize knowledgeable n a very good piece written. ChaseBros should be applaud
Not the way u comment just a NEWBIE without Knowledge n should be call DUNGUN

ChaseBros Any Tom, Dick and Harry can produce face mask, even home made also can. TopGlove just imported some machines and also trying to produce face mask. Maybe a good strategy tapping into the same distribution network. Glove especially NP nitrile glove is a different thing and Malaysia control 2/3 of the world market. Malaysia is also a leader in nitrile glove technology. To setup a glove factory and also meeting FDA requirement would require 2 years (and probably 1 year if on super expedited schedule with the land ready already). The order backlog is more than 12 months thus the manufacturer can demand high price. In SARS case, the demand for gloves lasted 5 quarters even it was far less severe then, and in Covid case, the demand is expected to last at least 8 to 9 quarters. And, if there is no vaccine, it will last a long long time. The truth is no one can tell if a vaccine can be successfully developed in 18 months because on the average it will take 10 years, even SARS has no vaccine till today. The scientist are trying to understand the nature of Covid as it mutated quite rapidly and there are so many different genome found throughout the world. Thereby, different statement surfaced every month. There are probably 100 vaccine development programs running concurrently and every now and then, the media and politicians will publicize some positive result at early stage to keep people out of the blue though they are completely clueless. Also, the vaccine manufacturing and distribution will take at least one year thereby some countries signed an agreement with pharmaceutical company to be the first to receive it when the vaccine was successfully developed. All country leaders are clueless and can't do much at the same time.
18/06/2020 5:25 PM

@sharesnewbie dont open ur big mouth so soon , do u read Supermax/Gloves report from IB(UOB,CIMB n KENANGA) IF never please keep ur brady mouth shut
U think u r so called expert/sifu ? , my foot
Dont compare HENGYUAN n Gloves stock , dont u know what happening in the world
Still sleeping KAH ?
Low class people talking KOK




sharesnewbie also ask urself, today u buy let's say 6.80, but price going down and u listen to those so called pro in this forum, u dunno this shares will rise or not exactly, and hoping for a rise, then now yes, finally from 6.50 to 6.90 u have little profit (if u are not from those group buy at RM7, RM8 & RM 9), so what u wanna do now ?

waiting the rise to 7.50 ? or 8.00 ? how likely it will, u manage ur own risk, if tomorrow drops till 6.50 again, do u think will rise to 6.90 at closing ? or go higher ?

find more details for your shares....ask in person those ppl ask u to hold, when to sell ? really TP 12 or TP 20 ? even heng yuan also need 1 year to reach from RM 3 to RM 20
18/06/2020 5:11 PM

Dow Jones 30 Futures 26,120.5 +95.5

26,120.5 +95.5

M for MOUSIFATT or MOUKNOU of secretinvestor8888

@secretinvestor8888 Hey Pariah n low class people r u down syndrome kah (BANGANG KAH),this is supermax forum not for u to promote or show off how good u r or so called expert u r . Dont take this forum to promote whatever u like here PODAH LAH



secretinvestor8888 see my comment in KNM counter:

secretinvestor8888 BUY BUY BUY KNM!!! SELL UR UCREST AND AT QUICKLY!!!
17/06/2020 12:13 PM

i predict it before going up at 2pm... i dont even hold this stock... my secret methodology is different but it works...!!! subscribe now!!! PM me
17/06/2020 10:24 PM

secretinvestor8888 limited slots only... and dun forget tomorrow M is the stock!!!
17/06/2020 10:25 PM

Must be newbie n so naive? , dont think they know the facts n reality of stock investment/trading


sammofee M for matrix

meistsk3134 m for msm

Must be newbie n so naive? , dont think they know the facts n reality of stock investment/trading
sammofee M for matrix

Here is TopGlove Forum/Thread not secretinvestor8888
I wonder why got people so Dungun interested his comment
Please lah stop guessing u Dungun spoil our thread here
Just join him in other forum n all those Dungun can guess as many M as u like but not here
17/06/2020 9:12 PM

Guess what ? Guess can strike TOTO & LOTTERY jackpot
No need to invest share what just guess TOTO/LOTTERY jackpot , u will be multi millionaire or billionaire

secretinvestor8888 im no expert but i guessed this weeks "black monday" and GENTING going up today... my methodology is not free... pm me for more details (for a fee)...
17/06/2020 9:33 PM

@EDINVESTOR the so called expert is than brady pariah n low class secretinvestor8888


secretinvestor8888 the winner tomorrow starts with letter "M", KOSSAN and DRB-HICOM... sell your SUPERMX and LCTITAN and GENTING to buy some "M"... i will reveal by 9:10am tomorrow...
17/06/2020 8:45 PM

secretinvestor8888 stock ticker M?????? what could it bee??? arnt u curious?
17/06/2020 8:50 PM

17/06/2020 9:11 PM

Fake/Con Sifu @ secretinvestor8888 , who interested ur recommendation . Day dream , DIY lah
Low Class people come here talk rubbish/kok



secretinvestor8888 the winner tomorrow starts with letter "M", KOSSAN and DRB-HICOM... sell your SUPERMX and LCTITAN and GENTING to buy some "M"... i will reveal by 9:10am tomorrow...
17/06/2020 8:45 PM

secretinvestor8888 stock ticker M?????? what could it bee??? arnt u curious?
17/06/2020 8:50 PM

Must be newbie n so naive? , dont think they know the facts n reality of stock investment/trading

Piratebilis MQ dot dot dot?
17/06/2020 9:00 PM

KcZz0ngMali MMSV
17/06/2020 9:01 PM

Here is Supermax Forum/Thread not secretinvestor8888
I wonder why got people so Dungun interested his comment
Please lah stop guessing u Dungun spoil our thread here
Just join him in other forum n all those Dungun can guess as many M as u like but not here

Fake/Con Sifu @ secretinvestor8888 , who interested ur recommendation . Day dream , DIY lah
Low Class people come here talk rubbish/kok

Maxam secretinvestor8888 the winner tomorrow starts with letter "M", KOSSAN and DRB-HICOM... sell your SUPERMX and LCTITAN and GENTING to buy some "M"...

_______________________________________________

Start with M...?
Hahahaha.... Such a joker.
There are so many companies which starts with M...

Don't listen to joker. Caused people to lose money.
17/06/2020 8:59 PM

HI,BW_Trade_Wisely where u get the info from ?, u dont mind share with us
TQ





BW_Trade_Wisely Some key highlights views from UOB Kay Hian on Supermax on 17 Jun 2020:

'Supermax with its OBM model could be an underappreciated diamond.
Unlike Hartalega, Top Glove and Kossan which are predominantly OEMs,Supermax has toiled for
years to establish its own brand and distribution channels. The benefits are coming to fruition
with the surge in ASPs. It currently commands ASPs of close to US$160-175/’000 pieces vs
US$150 in May and US$90 pre-COVID period. We gather there is limited upside to current
ASPs as various government agencies have implemented redirecting of personal protective
equipment (PPE) supplies of close to US$160-175/’000 pieces. That said, Supermax does
receive urgent ad hoc orders in the range of US$190/’000 pcs.'

'Appears to have well beaten consensus.
Based on Supermax’s ASPs and product mix, it appears Supermax could significantly beat consensus expectations of RM395m and the highest projected earnings of RM561m.'
17/06/2020 5:02 PM

Dow Jones 26,567.71 +804.55 +3.12%
S&P 500 3,147.30 +80.71 +2.63%
Nasdaq 9,935.34 +209.31

Dow Jones 26,567.71 +804.55 +3.12%
S&P 500 3,147.30 +80.71 +2.63%
Nasdaq 9,935.34 +209.31

Dow Jones 30 Futures

26,454.0 +779.0 +3.03%

Dow Jones 30 Futures

26,454.0 +779.0 +3.03%

DOW FUTURE UP
26,397.0 +722.0

SINGAPORE (June 16): It’s been a good year for glove companies and their founders.

Malaysia, a country that produces about 65% of the world’s supply for rubber gloves, now counts at least four billionaires whose fortunes were made in the industry, including two new ones this year alone. Thai Kim Sim of Supermax Corp was the latest to join the club, with a net worth estimated at about US$1 billion at the stock high earlier this month, according to the Bloomberg Billionaires Index.

A jump in demand due to the coronavirus outbreak has propelled shares of companies making protective gear, suddenly turning the Southeast Asian nation into a hotspot for creating ultra-wealthy individuals within the sector. Top Glove Corp, the world’s biggest maker of the product, Hartalega Holdings Bhd and Kossan Rubber Industries Bhd have all benefited. But with a fivefold jump, Supermax’s ascent has been particularly notable this year.

“It has become a new norm to wear gloves for various purposes, including medical and retail, and the high usage will benefit their makers in the long term,” said Walter Aw, an analyst at CGS-CIMB Research. “Supermax is a very interesting story. It does its own brand manufacturing, while others are mainly suppliers.”

Thai founded Supermax with his wife in 1987, starting it as a business trading latex gloves before venturing into manufacturing in 1989. It became the first manufacturer to come up with its own glove label, Supermax, in response to the government’s call to brand Malaysian products. The company now exports to more than 160 countries and meets 12% of the global demand for latex examination gloves, according to its website.

Thai and his direct family members own 38% of Supermax, according to company filings. He declined to comment for this story.

Just like social distancing and temperature checks, wearing protective equipment has become the norm with the virus pandemic that has already killed more than 430,000 people worldwide. Global demand for rubber gloves could grow 11% to 330 billion pieces this year, two-thirds of which is likely to come from Malaysia, the country’s rubber glove manufacturers association estimates.

Glove Powerhouse
The Southeast Asian nation became a glove powerhouse in the 1980s, when demand began to surge with the AIDS epidemic. Thanks to low labor costs, Malaysian entrepreneurs were able to set up shop. The country’s plantations of rubber trees — British colonists introduced the plants originally from Brazil in the 1870s — and its large oil industry help provide local manufacturers supplies to make the protective equipment.

Top Glove has more than tripled this year, lifting the net worth of its founder, Lim Wee Chai, to US$2.5 billion, according to Bloomberg calculations excluding the value of his pledged shares. The company reported a 366% surge in net income to a record RM348 million (US$81 million) for the three months through May, with sales also reaching an all-time high. Its executive director said in an analyst briefing Thursday that “the best is yet to come,” with a “more spectacular performance” for the quarters to follow.

Local rivals Hartalega and Kossan Rubber have seen their stock double in 2020. That’s pushed the value of the Hartalega stake held by founder Kuan Kam Hon and his family to US$4.8 billion, including shares indirectly owned through holding companies. Kossan Rubber’s Lim Kuang Sia, who’s now worth US$1.1 billion, also became a new billionaire this year.

Exponential Surge
But with a 394% stock surge in 2020 through Monday, Supermax’s ascent is unparalleled. The company reported a 24% increase in revenue to RM447 million for the three months through March, party driven by an “exponential surge in demand due to the Covid-19 pandemic,” it said in its quarterly release. The company churns out 24 billion gloves annually and is looking to expand that to 44 billion by 2024, according to its 2019 annual report. It bought additional land to increase manufacturing capacity this month.

Thai’s rise to a billionaire hasn’t come without controversy, though. He has appealed against a 2017 conviction for an insider trading offense he allegedly committed in 2007. He was sentenced to five years in jail and fined RM5 million for communicating non-public information about APL Industries Bhd, a company Supermax gained control of in 2005 that was delisted in 2009.

While most analysts are positive on Supermax — eight of the 10 tracked by Bloomberg recommend buying the stock, and none advises to sell — some are saying Malaysian glovemakers are at risk should countries such as China expand their production, according to a Maybank Investment Bank Bhd report by Lee Yen Ling last week. Their shares gave up some gains on Monday, with Supermax losing 13% for its biggest slump since August 2018. It regained 7.4% at 10:50am in Kuala Lumpur.

But for now, Supermax remains a favorite. The fact that the company manufactures its own brand of gloves means it

SINGAPORE (June 16): It’s been a good year for glove companies and their founders.

Malaysia, a country that produces about 65% of the world’s supply for rubber gloves, now counts at least four billionaires whose fortunes were made in the industry, including two new ones this year alone. Thai Kim Sim of Supermax Corp was the latest to join the club, with a net worth estimated at about US$1 billion at the stock high earlier this month, according to the Bloomberg Billionaires Index.

A jump in demand due to the coronavirus outbreak has propelled shares of companies making protective gear, suddenly turning the Southeast Asian nation into a hotspot for creating ultra-wealthy individuals within the sector. Top Glove Corp, the world’s biggest maker of the product, Hartalega Holdings Bhd and Kossan Rubber Industries Bhd have all benefited. But with a fivefold jump, Supermax’s ascent has been particularly notable this year.

“It has become a new norm to wear gloves for various purposes, including medical and retail, and the high usage will benefit their makers in the long term,” said Walter Aw, an analyst at CGS-CIMB Research. “Supermax is a very interesting story. It does its own brand manufacturing, while others are mainly suppliers.”

Thai founded Supermax with his wife in 1987, starting it as a business trading latex gloves before venturing into manufacturing in 1989. It became the first manufacturer to come up with its own glove label, Supermax, in response to the government’s call to brand Malaysian products. The company now exports to more than 160 countries and meets 12% of the global demand for latex examination gloves, according to its website.

Thai and his direct family members own 38% of Supermax, according to company filings. He declined to comment for this story.

Just like social distancing and temperature checks, wearing protective equipment has become the norm with the virus pandemic that has already killed more than 430,000 people worldwide. Global demand for rubber gloves could grow 11% to 330 billion pieces this year, two-thirds of which is likely to come from Malaysia, the country’s rubber glove manufacturers association estimates.

Glove Powerhouse
The Southeast Asian nation became a glove powerhouse in the 1980s, when demand began to surge with the AIDS epidemic. Thanks to low labor costs, Malaysian entrepreneurs were able to set up shop. The country’s plantations of rubber trees — British colonists introduced the plants originally from Brazil in the 1870s — and its large oil industry help provide local manufacturers supplies to make the protective equipment.

Top Glove has more than tripled this year, lifting the net worth of its founder, Lim Wee Chai, to US$2.5 billion, according to Bloomberg calculations excluding the value of his pledged shares. The company reported a 366% surge in net income to a record RM348 million (US$81 million) for the three months through May, with sales also reaching an all-time high. Its executive director said in an analyst briefing Thursday that “the best is yet to come,” with a “more spectacular performance” for the quarters to follow.

Local rivals Hartalega and Kossan Rubber have seen their stock double in 2020. That’s pushed the value of the Hartalega stake held by founder Kuan Kam Hon and his family to US$4.8 billion, including shares indirectly owned through holding companies. Kossan Rubber’s Lim Kuang Sia, who’s now worth US$1.1 billion, also became a new billionaire this year.

Exponential Surge
But with a 394% stock surge in 2020 through Monday, Supermax’s ascent is unparalleled. The company reported a 24% increase in revenue to RM447 million for the three months through March, party driven by an “exponential surge in demand due to the Covid-19 pandemic,” it said in its quarterly release. The company churns out 24 billion gloves annually and is looking to expand that to 44 billion by 2024, according to its 2019 annual report. It bought additional land to increase manufacturing capacity this month.

Thai’s rise to a billionaire hasn’t come without controversy, though. He has appealed against a 2017 conviction for an insider trading offense he allegedly committed in 2007. He was sentenced to five years in jail and fined RM5 million for communicating non-public information about APL Industries Bhd, a company Supermax gained control of in 2005 that was delisted in 2009.

While most analysts are positive on Supermax — eight of the 10 tracked by Bloomberg recommend buying the stock, and none advises to sell — some are saying Malaysian glovemakers are at risk should countries such as China expand their production, according to a Maybank Investment Bank Bhd report by Lee Yen Ling last week. Their shares gave up some gains on Monday, with Supermax losing 13% for its biggest slump since August 2018. It regained 7.4% at 10:50am in Kuala Lumpur.

But for now, Supermax remains a favorite. The fact that the company manufactures its own brand of gloves means it

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15/06/2020 9:37 PM

mf Dow Jones 24,914.279 -691.26 2.70%
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15/06/2020 9:37 PM

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Why come here to do ur A&P on HARTA , u come to the wrong Forum lah ?@HerbertChua
HARTA forum boring kah or tak laku than go to LAY HONG forum ur favorite stock, maybe phobia lay hong , kena burn kao kao
Dont be low class people come here to disturb our mood after all u dont own any Supermax shares, Hypocrite

HerbertChua Hartalega is the only company in the world with the techhy
https://hartalega.com.my/innovation/latex-nitrile-glove-product-develo...

Many notice that Hartalega share price fall only 6.6% compare to Top Glove and Supermax that fall more than 13%.

Many investors understand that Hartalega will ultimately be the only mega beneficiary of the Covid pandemic.

The world will switch to high quality glove with functionality that can kill bacteria compare to generic use gloves from Top Glove and Supermax.

Hartalega's profit is expected to be RM250-RM350mil next quarter and then above RM500mil the following quarters.

By using Hartalega's historic PE of 50:

At 30 PE, share price should be RM18

At 40 PE, share price should be RM24

At 50 PE, share price should be RM30

Can Hartalega be Malaysia's largest market capitalization company? The ans is yes. Why?

- Maybank presence is only in ASEAN, Hartalega presence is the world

- Maybank customer is only Malaysian, Hartalega customer is the world

Thank you

Chua
15/06/2020 8:25 PM

Expertise walao idss come back on july...

Talk with proof or dont talk, show us the news report just copy n paste very easy
If cannot do it than shut ur brady stinky mouth @Expertise
Dont be so low class people

Dont worry guys!
US market drop due to 2nd wave convid 19 , why worry its better for gloves stock what? Panic selling n heavy profit taking cause Supermax share steep drop but its temporary only
If no margin why worry( if got xtra cash should add some at such a cheap price), what come down will surely go up
Supermax QTR 4 ended this month , when result out will be explosive hopefully announce early on 10-15 July . In 2009 H1N1 pandemic supermax result was announce early at 10 July 2009.
Recently TG also announce earlier QTR 3 (March,April n May) 11th June last week with very good results of 347 millions (triple)

Note: Most of the stock drop n gloves stock is the hardest hit and also across the world too

@YTH888 Wah! so great n clever , trying very hard to show off
Just a few hundred K only mah ,Sub Sub Water lah
This Gloves super Bull Sueh Sueh at least few millions K lah. What a disapointed
Only few hundrek k n show off , tak tau malu