https://www.youtube.com/watch?v=gthL3I9mt5A

Shorties had invested long and value of investment are:
TG -1.26b
Spmx -252m
Harta -530m
Kossan-76m

The interest/dividend they had already paid to Ib lenders should big amount. Also they also spend big on theedge papers publishing bad news about gloves and hired IB analyst to spreading fake news.. There is also big spending on private lb lending which no body know the exact amount. That's why the shorties gang are asking u to sell every day n night in order for them to cover at very low price.

Shorties had invested long since Jan1. Until now , did not cover. They think Supermax is good investment. They are happy to pay high dividend/high interest to IB lenders.

TG had increased the gloves output from 93b to 100b since March 2021.
Expecting the next QR revenue of 6.5b and PAT at least 3.2b.
Assuming 90% efficiency, 32% operating expenses and ASP US 75.

Euro 2020: Will there be fans in stadiums?
A year after Euro 2020 was postponed, the plan for the rearranged tournament remains unclear. UEFA appear to be demanding fans in stadiums in multiple cities, but is that possible? The hosts themselves are not so sure.
Despite Ceferin's insistence, the last year has thrown up numerous reminders that little can be securely planned during a pandemic. Just last week in India, for example, a rise in infection rates meant that a series of cricket matches between England and India went from having more than 60,000 in attendance on Friday to none on Tuesday.

https://www.dw.com/en/euro-2020-will-there-be-fans-in-stadiums/a-56898603

Global shutdown.
https://www.bing.com/search?q=countries+lockdown&cvid=498aa9296b9d4561a24f40912a48ae10&aqs=edge.0.0j69i59j0j69i60l2j69i65j69i60.4623j0j1&pglt=515&FORM=ANNTA1&PC=U531

Us cases spike up. 69k
https://virusncov.com/

Riverstone a malaysian glove company listed in SGX. Lowest was 1.17 in Jan and today price is 1.46. The share price is going uptrend.

If Riverstone is listed in Bursa, i bet it will drop by half.
https://sginvestors.io/sgx/stock/ap4-riverstone/share-price-history

Shorties starting to cover Kossan (-19m shares) n top gloves (-5.2m). Kossan net short had reduced 0.83%. They are worried about Rss suspension.

https://www.bursamalaysia.com/about_bursa/media_centre/bursa-malaysia-to-introduce-a-pilot-market-making-program-aimed-at-improving-liquidity-and-price-efficiency-of-eligible-stocks?fbclid=IwAR2wYXVlD1Sz4fnekx34GqAuRJeW6Hn47ncJK533vITp7YxIidiNyvjnZLE

Genting workers in a spin after being ordered to take leave.

https://www.freemalaysiatoday.com/category/nation/2021/05/31/genting-workers-in-a-spin-after-being-ordered-to-take-leave/

Posted by CJkenho > May 31, 2021 5:54 PM | Report Abuse

So yes Mr DIY did rise alot in the ranking [BUT] Supermax has not fallen to or below 36th position. Supermax at that point of final day review was at position 33.

That now leaves us to the other 2 criterias... free float & liqiudity.

Do u think Mr DIY could fare better in [free float & liquidity] than Supermax?

Mrdiy 20.2% free float
oustanding shares 6.28b
Free float shares 1268m value:5.04b

Supermax 57% free float
Outstanding shares 2.72b
free float shares: 1550m value:6.4b

Supermax fare much better Mrdiy in free float market cap.

MRdiy vs Supermax in FTSE Klci index. The Kenanga and Cimb analyst say the supermax will be kicked out.

I just calculate floating cap weighting on 31/5
Supermax 1.28%
MrDiy 1.0%
HLFG 0.9%

It seem mrdiy is a threat to HLFG. I might be wrong. Just have fun.
https://imgur.com/iFfxole

Press release.
SUPERMAX UPHOLDS ESG PRACTICES
KUALA LUMPUR, MONDAY, 31 MAY 2021 - Supermax Corporation Berhad and its subsidiaries (“SCB”
or the “Group”) is committed to combatting forced labour and adheres to labour law regulations pertaining to migrant workers. Our efforts are guided by international policies such as the 17 Sustainable Development Goals1(“SDG”) and the International Labour Organization’s 11 Indicators of Forced Labour2(“ILF”). We would like to reiterate that SCB is a member of Sedex, one of the world’s leading ethical trade service providers and we adhere to all the audit standards and Malaysian Labour Law. We constantly review and conform our sustainable business practices, relating to our human resources, with independent audit guidelines. We abide to labour laws and regulations pertaining to recruitment of migrant workers. Existing policies and procedures, guided by local and international policies, are constantly being reviewed for gaps if any, for further improvements. To validate our continuous efforts to strengthen our social compliance, the company had proactively commissioned and successfully undergone a SMETA audit (Sedex Members Ethical Trade Audit) conducted by independent international auditors. SMETA is an ethical audit format which reports on Sedex's four pillars of labour, health, safety and environment in reflecting good business ethics.
We have taken concrete steps and are resolute in ensuring that the rights of our workers are respected and protected. SCB upholds to both local and international labour standards and is in full compliance
with ESG practices.

KUALA LUMPUR (May 31): Malaysian glove maker Supermax Corp Bhd on Monday said it adhered to labour laws on treatment of migrant workers, after a report that the United States was investigating a unit over forced labour allegations.

On Saturday, The Edge Malaysia weekly said US Customs and Border Protection (CBP) is investigating Malaysian glove makers Hartalega Holdings and a unit of Supermax.

The CBP said in an email it does not comment on whether specific entities are under investigation.

Supermax and its subsidiaries are committed to combatting forced labour and adhere to labour law regulations, the company said in a statement.

It added that it followed laws on recruitment of migrant workers.

"Existing policies and procedures, guided by local and international policies, are constantly being reviewed for gaps if any, for further improvements," it said.


https://www.klsescreener.com/v2/news/view/834979/supermax-says-abiding-by-labour-laws-after-report-on-us-probe

It said the glove sub-sector remained the largest export for the industry, increasing by 265.7% to reach RM17,863.8 million in 1Q21.

https://www.klsescreener.com/v2/news/view/834877/malaysian-rubber-exports-increased-169-6-y-o-y-to-rm21-84m-in-1q21

Bursa is place where shorties citadel cohort jpm are happy to stay long paying high interest n high dividend to IB lenders. As long they have not cover, shorties have not earn a single cent profit.

Malaysia export 67%
2020 254b
2021 280b 160b oversold: lead time 6-8m (order 420b but only produced 280b) 160b to carry forward to 2022.
2022 320b est. production cap increased 15%
2023 380b est. production cap increased 15%

2022 already had CF l60b from order 2021. It need anther 160b of fresh order to fill full production capacity of 320b in 2022.

Malaysia, the world’s biggest rubber gloves manufacturer, is racing to increase production to close a supply gap caused by the coronavirus pandemic that it warns could last until into 2023.

The Malaysian Rubber Glove Manufacturers Association (Margma) said today the country was in an oversold position of 160 billion gloves.
ven with global production expected to ramp up to 420 billion this year from 380 billion last year and annual growth of 10-15 per cent, Supramaniam said excess demand could run into 2023. Malaysia expects to supply 280 billion, or 67 per cent, of that increased global supply.

Malaysia’s gloves export earnings more than doubled in 2020, rising 103 per cent to RM35.3 billion, Margma said, forecasting that would rise to 38 billion ringgit this year.

Top Glove Corp is in the midst of resolving an import ban placed by the US Customs and Border Protection (CBP) last July on allegations of forced labour.

Supramaniam said Margma was periodically in touch with the US CBP and the European Union “to ensure they know we are on the right path in terms of ensuring all that’s needed in fulfilling the requirements of the social compliance.” — Reuters

world gloves demand.
2020 380b
2021 420b
2022 480b 15% increase demand est.
2023 550b 15% increase demand est.

Malaysia export 67%
2020 254b
2021 280b 160b oversold: lead time 6-8m (order 420b but only produced 280b) 160b to carry forward to 2022.
2022 320b est. production cap increased 15%
2023 380b est. production cap increased 15%

https://www.malaymail.com/news/malaysia/2021/03/15/malaysian-rubber-glove-group-says-2021-supply-estimated-at-420-billion-amid/1957916

I believe ASP will going to rise due to world wide shortage of gloves as Malaysia is the largest producer of gloves in the world are facing full lockdown (MCO3). This sector gloves factories may allow to operate half capacity or full shutdown until further notice by MIti. The lead time will probably extended due to factory shutdown.

SC should consider removing gambling stocks from FTSE KLCI index. They are losing billion in last 5qtrs and heavily in debts. Why keeping them in index stocks when they are not able to contribute to the growth of KLCI index in next 2-3 years?

According to Adham, 219 frontliners had tested positive despite receiving their first dose of the Covid-19 vaccine. Some 97 were also infected after both doses.

Most of them, he said, were frontliners stationed in Selangor, Kedah and Kelantan.

He also said his ministry would discuss with the Covid-19 vaccine supply access guarantee special committee (JKJAV) to make vaccines compulsory or penalise those who failed to turn up for their vaccination appointments.

This comes after some 20,000 individuals in Kedah and Kelantan did not turn up for their vaccination appointments earlier this month


https://www.msn.com/en-my/news/national/sharp-rise-in-number-of-covid-19-patients-in-stage-4-and-5/ar-AAKqICI?ocid=msedgntp

Post removed.Why?

PJ Seow, Only hired IB analyst are spreading fake new to frighten the investors.

Sc did right thing to filter out stocks of high debt, 0 PE and Pn17 out first from syariah compliant list.

Supermax is not in excluded list of syariah compliant securities.

Meanwhile, the 15 securities that were excluded from the SC’s Shariah-compliant securities list are Diversified Gateway Solutions Bhd, Pinehill Pacific Bhd, IDB Technologies Bhd, Poh Huat Resources Holdings Bhd, Impiana Hotels Bhd, Polydamic Group Bhd, Khee San Bhd, REDtone Digital Bhd, KTG Bhd, Scomi Group Bhd, MTAG Group Bhd, Trive Property Group Bhd, mTouche Technology Bhd, XOX Bhd and Pan Malaysia Corp Bhd, according to the commission.



https://www.theedgemarkets.com/article/sc-karex-eco-world-international-23-others-classified-shariahcompliant-securities

Supermax still remains in FTSE klci bursa. MrDiy not qualify as its free float shares is less than 9%.

Note: Ftse klci composite index need at least 10% free float shares.

Booster likely needed 'within a year or so' of vaccination, Fauci says
A Covid-19 vaccine booster, when authorized, will likely be needed within a year following initial vaccination, Fauci said in an Axios interview posted Wednesday.
"We know that the vaccine durability of the efficacy lasts at least six months, and likely considerably more, but I think we will almost certainly require a booster sometime within a year or so after getting the primary," Fauci said.
Pfizer CEO Albert Bourla, citing data he's seen, told Axios that Pfizer vaccine recipients may need a booster "between eight and 12 months" after their second shot.
Pfizer has not finished its trials on a booster.


Vaccination process will requires after 8-12 months as the antibodies drop to low level. The low level of antibodies will possibility of reinfection.

PETALING JAYA: A doctor has sounded the alarm over the high number of dead-on-arrival, or DOA, Covid-19 patients aged below 55, saying they represent a particularly dangerous group of virus spreaders.

Speaking to FMT on condition of anonymity, he said these were people who would travel to work.

“They will mingle about more than those in their 60s,” he said. “If they are asymptomatic, they are the most dangerous group in terms of spreading the virus.”

DOA patients are those who test positive after they die. The doctor said they would most likely be asymptomatic.


https://www.msn.com/en-my/news/national/alarming-rise-in-dead-on-arrival-covid-19-cases/ar-AAKqI05?ocid=uxbndlbing

Genting borrowed USD 1.6b heavily to invest in RW Las vergas. It cant pay the loan with its own cash and asset. Now they are had to issued USD 350m senior notes to pay the RW las Vergas investment. If pandemics carry on for next 3 years, Genting will go bankrupt. Supermax will only earn less profit. U see the difference.

LKL sue JP shorties papers (the edge communication).

https://www.klsescreener.com/v2/announcements/view/3364963

Post removed.Why?

The KLCI adopted the FTSE’s global index standards and became known as the FTSE Bursa Malaysia KLCI. The FTSE Bursa Malaysia Derivatives Index adopts an internationally accepted index calculation method to provide a more investment-oriented, manageable and transparent management index.…show more content…
During the term of the term, free-float shares do not include restricted shares, such as cross holdings, significant long-term shareholdings held by the founders and their families and / or directors, restricted employee stock ownership plans, government shareholdings and Securities Investment Subject to Locking Terms. According to the basic rules of the FBMK, a free float factor is applied to each company 's market capitalization. This factor is used to determine the attribution of the company 's market activity to the index. And they also required each company must ensure that at least 10% of the outstanding shares in free float adjusted for trading are traded within 12 months prior to the annual index review in December to make sure the company 's stock is liquid enough for


MrDiy have 10% free float?
https://www.ipl.org/essay/FTSE-Bursa-Malaysia-Kuala-Lumpur-Composite-Index-F3H9RL2PCE86

he vulnerability of disruption of PPE supply chains and over dependence on imports is the primary
concern of governments around the world. To address this major concern in countries where Supermax operates, we are reinvesting the earnings derived from our distribution centres into the respective countries where Supermax operates. The capital expenditure earmarked for the US is US$300 million for phase #1 and US$250 million for phase #2 making total of US$550 million. Currently, the company is working with various government agencies in the US to identify suitable manufacturing site, negotiate with various agencies, counties & local governments for providing the full infrastructure that the Company needs for production of Medical Gloves and to provide various supports from local institutions such as on R&D, Employee Training and other support services that the company needs.
We have to-date received approval from a State Government, Capital Investment Tax Credit (CITC) with Projected Capital Investment of US$482 million. We are currently working with another State for
a similar or better Capital Investment Incentives before making the final decision on the State and the Shortlisted Site where the project would be located.

Probably Supermax management are waiting US govt to provide them a lucrative contract before investing 550m in US.

They are currently working with another State for a similar or better Capital Investment Incentives before making the final decision on the State and the Shortlisted Site where the project would be located.

Could announcement be in end of May or June 2021? Just wait for good news as they already said production will starts end of Dec 2021.

67% of the world still full or partial lockdown due to covid19 infection.

https://www.kaggle.com/jcyzag/covid19-lockdown-dates-by-country

Free-float weighting
A com­mon ver­sion of cap­i­tal­iza­tion weight­ing is the free-float weight­ing. With this method a float factor is as­signed to each stock to ac­count for the pro­por­tion of out­stand­ing shares that are held by the gen­eral pub­lic, as op­posed to "closely held" shares owned by the gov­ern­ment, roy­alty, or com­pany in­sid­ers (see float). For ex­am­ple, if for some stock 15% of shares are closely held, and the other 85% are pub­licly held, the float fac­tor will be 0.85, by which the com­pany's mar­ket cap­i­tal­iza­tion will be mul­ti­plied be­fore weight­ing its value against the rest of the index. In other words, the num­ber of shares used for cal­cu­la­tion is the num­ber of shares "float­ing", rather than out­stand­ing.

FTSE Klci components of stocks the listing is based free float weighting and not shares outstanding.
The free float of mrdiy is less 9% of 6.3b shares that is about about 576m shares free floated) whereas the supermax shares free float shares is 67% of 2.720b that is about 1822m shares free float.
mrdiy free float shares 576mx 3.89=2.24b market cap.
Supermax free float shares 1822m x4.6=8.38b

Supermax cap still higher the mrdiy in FTSE klci based today pricing.

TG have 11 Rnd center world wide. Gloves is high tech business. Each center have different type of research on new product, lab analysis, chemical process improvement, material cost improvement and etc.

https://www.topglove.com/rnd-intro/

Stricter MCO3.0. PM will annnounce today.

https://www.msn.com/en-my/news/national/pmo-confirms-stricter-mco-3-0-sops-for-social-and-economic-sectors-details-tomorrow/ar-AAKexVr

HEALTH CARE in Syariah compliant stocks
No. Stock code Name of Securities
1 7191 Adventa Bhd
2 7090 Apex Healthcare Bhd
3 7148 Duopharma Biotech
Bhd
4 5168 Hartalega Holdings Bhd
5 5225 IHH Healthcare Bhd
6 7153 Kossan Rubber
Industries Bhd
7 0002 Kotra Industries Bhd
8 5878 KPJ Healthcare Bhd
9 7081 Pharmaniaga Bhd
10 7106 Supermax Corporation
Bhd
11 7113 Top Glove Corporation
Bhd
12 7178 Y.S.P. Southeast Asia
Holding Bhd

Supermax rank top3 in syariah health sector. No possibility supermax being kick out.

RSS shorties would crash if full MCO3. Bursa could suspend RSS anytime from now.

AAX lost -5.67b just announced QR.

Federation of Malaysian Manufacturers latest to reject total lockdown as Covid-19 response, moots tougher enforcement

https://www.msn.com/en-my/news/other/federation-of-malaysian-manufacturers-latest-to-reject-total-lockdown-as-covid-19-response-moots-tougher-enforcement/ar-BB1gUlPu?ocid=uxbndlbing

US is the largest economy and most lucrative market in the world with GDP of 250b. Supermax planned factory expansion to US and Europe will further capture the bigger slice of global gloves market.. Shortage container worldwide will last longer due to pandemic on the rise. This will also prevent the disruption of shipments due to shortage of containers.

RSI still low below 30. Not full value yet. Median 6.4 eps 119.63ct 7.60

Rubber gloves sector median Pe 6.4.
Supermax with eps at 119.63ct. The price at PE 6.4 will be 7.60.

WASHINGTON—U.S. tariffs have led to a sharp decline in Chinese imports and significant changes in the types of goods Americans buy from China, new data show, with purchases of telecommunications gear, furniture, apparel and other goods shifting to other countries.

Nearly two-thirds of all imports from China—or roughly $370 billion in annual goods—were covered by tariffs imposed by the U.S. in 2018 and 2019. Tariffs now cover just half of Chinese exports to the U.S., or about $250 billion in goods annually, as U.S. companies buy more from other countries, according to a Wall Street Journal analysis of information from Trade Data Monitor.

The Trump administration imposed the levies in 2018-19, aiming to boost U.S. factory production by making Chinese imports more expensive for the American companies that bring them in. That so-called re-shoring of manufacturing hasn’t happened in any appreciable way, economic data show, as U.S. companies instead turned to other countries in Asia for supply.

Vietnam has been an especially big beneficiary. It now ranks No. 6 globally for imports to the U.S., up from 12th as recently as 2018.

https://www.wsj.com/articles/u-s-tariffs-drive-drop-in-chinese-imports-11620811802

Post removed.Why?

World Health Organization (WHO) director-general Tedros Adhanom Ghebreyesus said on Monday that the Covid-19 pandemic is not over yet despite high vaccination rates and falling case numbers in some countries.

During a press conference from WHO’s Swiss headquarters, Tedros noted global cases and deaths had declined for the second consecutive week but also that some nations, such as India, are facing surges.

https://www.msn.com/en-my/news/world/pandemic-long-way-from-over-despite-vaccination-efforts-says-who/ar-BB1gQw4v?ocid=msedgntp

The CDC guidelines is there in 2020 but the health care workers workers insist wearing gloves for their own protection.

The health care workers would not risk their life saving few cents of gloves for the hospital. CDC only provide guidelines and minimum standard. Hospital and health centre can go for higher standard or exceed min standard of CDC if they think risk is higher (chances of infected).

Both Supermax and Genting want to present in US. Genting had borrowed USD 1.6b heavily to invest in RW las Vegas. Recently they even issued senior notes of 350m to repay debt of 1.6b which is due in 2024.
Supermax with cash advantage, can easily invest 500m in gloves factory US which is largest economy and biggest GDP 250b in the world without borrowing or little borrowing. The Genting will stuck with debt of USD 1.6b and while supermax which is debt free. The investors here should decides which stock is better in the mid term to long term.