While local investors/IB run, the foreign investors pick up the more shares on 31/10/2021. They are increasing their stakes in SPMX shares recently. They knew something good value which we "dunno".
Total shares/value/changing
2.12% BlackRock, Inc. 55,597,408 /MYR95.1m/9.76% "US fund"
2.84% The Vanguard Group50,959,919/MYR87.1m/5.78% "US fund"
1.84% Geok Tan 48,153,191/MYR82.3m/1.35% "Stanley's wife"
0.58% Mackenzie Financial Corp 15,278,259/MYR26.1m/18.33% "Canadian fund"
0.39%The People's Bank of China 10,220,926/MYR17.5m/7.26% "China central bank"
0.27%abrdn plc 6,976,978/MYR11.9m/5.77% "UK investment fund"
0.26% AP Fonden 2 6,769,528/MYR11.6m/91.15%"Swedish pension fund"
0.26% Dimensional Fund Advisors L.P.6,683,827/MYR11.4m/18.3% "US fund

Nitrile gloves ASP should bottom in the next 3-6 months at between USD25-USD30 level. We believe that ASP should bottom soon. Firstly, major glove producers have slowed down their expansion in the past 3 months. Secondly, there is sign that inefficient players have started to make loss. For example, Blue Sail Medical have registered net loss of RMB22.9m in 3Q2021 which we believe is due to the decline in ASP for gloves. Note that Blue Sail Medical is a major China gloves producer with estimated 5% market share of global medical gloves supply. Coupled with the scarcity of power supply in China as winter approach, we expect less competition from China at current low level of ASP at below USD35 per 1,000 pieces of nitrile gloves.

aminvest.

If SPMX sign a big contract with US govt. Why worry about cost and labour?
With factory there, SPMX will able capture bigger slice of US market. >20%. More US investors will buy supermax shares . Future SPMX may listed in US share market if remain profitable there. It won't be 1.70. but it could be USD 170 in 5 years time.

CBP temporary ban is part of US govt initiatives to fixed the forced labor issue in their supply chain. The company involved in suspected FL will then conduct auditing on their factories whether they are compliance to 11 ILO FL standard. Once it is done they will then submit the auditing report to CBP for review. If more things to be done, CBP will advise the company to make further improvements. When all the issues of FL already solved, CBP will then lift the WRO.

Many foreigners may not know foreign workers especially the Nepal want to earn more money when thy come to Malaysia. They will try to work as many OT as possible during weekend which easily increase daily pay to 1.5x on Sat and 2x on Sun. Their pay easily hit 3-4k. They are willing workers (not forced labour) but US think this is forced labor. Once i met a Nepal who had saved 300k in 3years working in Malaysia factory. In fact they are super rich "forced labour". U can check with them, many Nepal quite rich working in Malaysia some even setup "Ah Long" business, car washing and other business.

DPA initiatives is to increase
The administration is also aiming to bolster the country’s supply of critical personal protective gear such as surgical gloves, which are in short supply. The administration plans to expand the domestic manufacturing of the gloves in the U.S. by building plants to make raw materials and the gloves themselves. About 1 billion nitrile gloves could be manufactured per month by the end of the year, Manning estimated.

Supermx investing a nitrile glove factory in US is timely and as it will help to bolster the supply of nitrile gloves to US govt hospitals. I believe it will be looking forward to sign a contract with US govt at end of year. The building of factory will forecast to completed at end of 2022.
https://www.politico.com/news/2021/02/05/biden-defense-production-act-coronavirus-466130

HS is not building the glove factory in kedah after clarification from BOD.
https://www.klsescreener.com/v2/announcements/view/3450727


Posted by Benhobenhobenho > Nov 5, 2021 6:50 PM | Report Abuse

Hong Seng consolidated also dealing in gloves n they are building a huge glove manufacturing plant in Kedah, yet their share prices are trading at record high.

A software company with last qtr revenue of 7m and have a PE 843 9b market cap. Until now they have not produce a single glove. That was 1 year ago. So it is not easy to setup a glove factory if they are newbie.

To build a NBL factory is even more difficult. It will requires high financing at least 4b. I doubt it will able to borrow 4b with annual revenue of less 100m.

https://www.theborneopost.com/2020/08/25/mscm-appoints-turnkey-project-partner-to-kickstart-glove-business/#:~:text=On%207%20August%202020%2C%20MSCM%20Holdings%20had%20announced,a%20glove%20manufacturing%20plant%20in%20Sungai%20Petani%2C%20Kedah.

The "the shortiest paper" theedge paper they are paid to fear mongering about glove stocks.
Fear mongering title:
1.Harta will pay 700m prosperity tax.
2.Top Glove sits on RM860 mil paper loss on massive share buyback
3.Analysts cut Hartalega's earnings forecast after management warns about possible RM400m prosperity tax in FY22
and many more fear mongering title.

Why don't publish Maybank possible to 2.2b or more for prosperity tax?

osted by pjseow > Nov 4, 2021 12:46 AM | Report Abuse

"Top Glove says share buyback not investment, no impairment needed | The Edge Markets" https://www.theedgemarkets.com/article/top-glove-says-share-buyback-no...

At least glove stocks can afford to pay prosperity tax. Dunno Genting when can pay prosperity tax?

As at 30 June 2021, the Company held a total of 102,980,727 ordinary shares of its 2,720,619,520 issued ordinary shares as
treasury shares. Such treasury shares are held at a carrying amount of RM186,368,292.

Average price for treasury share is 1.80.

Dividend and dividend_share paid 2020 n 2021 total is 912.2m. This total did not include the propose special dividend share 1:30 (165m) fy 2021. The overall total will be over 1.0b if included the sp share div.

Harta PAT 914m . Record dividend 35.2ct

Harta qtr result revenue 2.0b Pat 914m. Record dividend 35.2ct. Despite Asp downtrend still very good result

Shorties are seen exiting on Harta. It could be they have reach the TP. Similar for other gloves short position, i believe they are exiting all before the end of year, shorties are worry about rise of the contract and stamp duty in 2022.

Harta short position 0.89%

Hong Seng had been sign up so many agreements since oct 1. Last qtr revenue only 7m profit 651k PE 811. Goreng company!

Najib speaks about GST, windfall tax n prosperity tax. Live now.
https://www.youtube.com/watch?v=Bwr107rQNCM

If u look SPMX shareholder list, the retailers consist only of 9.6m shares out of 2.62b total shares. Even the retailers sell all the shares, the shorties still cannot buyback 64m shares from retailers.

Gloves stocks are oversold for many months. They are more worry about making less profit then paying prosperity tax.

Gloves stocks already oversold for months. Most of retailers and inst. investors already sold their tickets. Shorties already short 65 m tickets. Those sectors in klci index stocks other than glove stocks will hit hard tomorrow

Ib bank also hit by prosperity tax.

"The RM32.4 billion allocation for healthcare is a good budget in total and its very timely for the healthcare sector," APHM told the New Straits Times.


https://www.msn.com/en-my/news/national/2022-budget-private-hospitals-laud-allocation-for-healthcare-sector-covid-19-management/ar-AAQ57nT?ocid=uxbndlbing

Health care sector will be booming in year 2022. World will be spending trillion dollar on healthcare sector. PPE and gloves are needed for healthcare workers administering vaccine and taking of patients.

Shorties will need to buy the shares to pay share dividend.

Financial Year 30-Jun-2021
Subject Share Dividend
Type Dividend - Share
Description Final dividend via share dividend distribution on the basis of one (1) treasury share for every thirty (30) existing ordinary shares held in the Company in respect of the financial year ended 30 June 2021.
Amount 1.0000 : 30.0000
Ex Date 17-Dec-2021
Entitlement Date 20-Dec-2021

Special dividend for last Qtr end 30 June 2021.
Total from last Qtr dividend=0.15(PAID)+0.064 (SPd)=0.214

Expecting another dividend (10-15c) for the coming Qtr in Nov.

Shorties are buying to cover some RSS position and same time they are shorting to press down the price. The whole exercise cost a lots of money just to achieve the TP. Problem now there is only small vol shares are flowing in the market.

Supermx if stop business still can pay 10ct dividend (260m) for 15 qtrs based on 4b cash.

Super low volume today. RSS ban?

With recent exposure of counterfeit gloves in Thailand, the whole world will not buy gloves from Thailand. Most of them switch to Malaysia and China for nitrile gloves purchase. ASP will be uptrend due to shortage of nitrile gloves.

Glovemakers, tech companies and EMS players to shine

We are positive on exporters, namely, glove manufacturers, tech companies
and electronics manufacturing services (EMS) players.
While glove companies face labor and environmental, social and governance (ESG) concerns that impact valuations, global demand for gloves remains high as the pandemic is ongoing due to the spread of the Delta variant. Most manufacturers still have orders for more than a year. The average selling prices of gloves, albeit off their peaks, appear to be moderating and are largely within market expectations.

News from the edgE

SINGAPORE: A new COVID-19 cluster of 116 cases has emerged at the Institute of Mental Health (IMH).

The COVID-19 cases comprise 108 inpatients and eight staff members from both inpatient and outpatient settings, IMH said late Monday (Oct 25) night, after it was identified as a large cluster by the Ministry of Health (MOH).

https://www.channelnewsasia.com/singapore/large-covid-19-cluster-imh-100-cases-2268001

Thailand had produced more recycle glove than real glove bc it is cheap and 99% profit. Now US healthcare have more recycle glove on hand than real glove. CBP takes no action on counterfeit companies in Thailand are shocking. They can endure counterfeit goods in their supply chain but not forced labor. Crazy right.

No wonder the gloves ASP downtrend so fast bc of Thailand selling billion recycle gloves to US and the world. Many of healthcare workers are now at great risk using the recycle nitrile gloves.

https://edition.cnn.com/2021/10/24/health/medical-gloves-us-thailand-investigation-cmd-intl/index.html

"It's a total safety issue... to me the fact that these companies were never blacklisted is shocking," he told CNN.

The survey by NCCIM, he said,
reveals that plantations require
70,000 foreign workers, rubber
glove industry (25,000), furniture
(30,000), construction (200,000),
manufacturing (25,000), services
(45,000) and plastics (6,293)

Glove industry still shortage of 25k workers despite ASP downtrend..

Posted by Geek2020 > Oct 22, 2021 5:41 PM | Report Abuse

Walau. Until now no announcement.. what kind of investor relations is this

https://www.klsescreener.com/v2/news/view/897897/supermax-seeks-details-from-us-over-forced-labour-allegations

Supermax is one of strategic healthcare investor (USS550m investment) in US. CBP action will further ensure SPMX compliance to ILO so that there is no issue in the future glove supply chain in US. This ILO issue will resolve faster than TG bc the workers is around 5000 compare to TG 20000 workers.

11 ILO forced labor indicator have been auditing since 12 OCT. Once completed the audit, the report will be submitted to CBP for review and close case.

Post removed.Why?

Experts are warning we could see what they are calling a "twindemic" of COVID-19 and flu this coming winter.
Millions of children get sick with the flu every year and tens of thousands are hospitalized with respiratory syncytial virus or RSV. Research being presented at an American Academy of Pediatrics conference shows pandemic precautions, like wearing masks and social distancing, helped stop the spread of flu and other common respiratory viruses last season.

https://www.cbsnews.com/news/covid-19-flu-season-winter-twindemic/

US ppl will need to have 2 shots to protect against covid19 and flu in this coming winter.

China power shortage threatens supply chain disruption and higher prices.

Malaysian gloves companies will definitely boost their gloves sales from September 2021 onwards due to China power cut and higher prices.

https://news.yahoo.com/china-power-shortage-threatens-supply-110000507.html

Shorties bought:
TG 44.5m shares past 1 week.
Spmx 14.4m shares past 1 week.

Flooding in northern China is hitting a major coal production center hard, sending coal prices soaring and complicating efforts by Beijing to tackle ongoing power shortage.

Heavy rains have forced the closures of 60 coal mines in Shanxi province, China's largest coal mining hub, according to a statement released Saturday by the provincial government's Emergency Management Bureau. The province is home to a quarter of the country's coal production

"China's electricity cuts will add to economic stresses, weighing on GDP growth for 2022," Moody's analysts said in a Monday report. They added that the "risks to GDP forecasts could be larger as disruptions to production and supply chains feed through."
https://www.msn.com/en-us/money/markets/chinese-coal-prices-hit-record-high-and-power-cuts-continue/ar-AAPn1q4?ocid=uxbndlbing

There will further disruption of manufacturing industries esp. gloves companies which require high power to manufacture nitrile glove.

Health Ministry Khairy Jamaluddin’s information on the new drug, however, may not be totally correct (that it could be used on patients in Category 3, 4 and 5). It’s better to wait for Health director-general Dr Noor Hisham Abdullah to explain the matter further.

According to the website of US drugmaker Merck & Co, the company we’re purchasing the pills from, molnupiravir trial involved non-hospitalised patients with mild to moderate Covid-19 disease. It has not been used in patients hospitalised or in ICU.


‘Buying 150,000 courses may cost the rakyat RM420m.’


https://www.msn.com/en-my/news/national/yoursay-rush-for-molnupiravir-at-possibly-high-cost/ar-AAPowNN?ocid=msedgntp

Supermx NTA will expected to raise from 1.82 to 2.0+ in coming quarter. A large portion of gloves exports are contracted to foreign govt hospital.

Shorties bought more 6.5m shares on 8/10/2021. Total shares bought 10.8m.

08/10/21 69925489 -6545240
07/10/21 76470729 -4332200

Waiting for AR 2021 this month.

Attached last AR 2020
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=204345&name=EA_DS_ATTACHMENTS

Shorties covered -4.3m net short position on 6/10/2021

06/10/21 76470729 -4332200
05/10/21 80802929 50000

Post removed.Why?

PITTSBURGH — U.S. Trade Representative Katherine Tai said in an interview on Thursday that the Biden administration plans to “build on” existing tariffs on billions of dollars in Chinese imports and confront Beijing for failing to fulfill its obligations under a Trump-brokered trade agreement.

https://www.politico.com/news/2021/09/30/biden-trump-tariffs-china-514866

Gloves from china will getting expensive when US reimpose the tariff of 15%-25%

Posted by Benhobenhobenho > Oct 3, 2021 2:13 PM | Report Abuse

http://www.financetwitter.com/2021/10/merck-unveils-first-covid-pill-c...
Therefore, the molnupiravir pill is not a vaccine, let alone the Holy Grail in fixing the pandemic. It is an oral antiviral, another tool or weapon to fight Covid-19. Vaccinations through jabs are still required to prevent from getting the virus in the first place. The pill provides a good tool for people who refuse to receive vaccine, but ready to take the oral antiviral during the early days of symptom

Earlier study results showed the drug did not benefit patients who were already hospitalized with severe disease. Only use cat1/2 treatment.