A Supermax
Supermax is one of the world's leading manufacturers and markets for healthcare gloves and a sales leader in the U.S. dental segment. With eleven manufacturing facilities in Malaysia, Supermax has industrial plants dedicated exclusively to Brazil and eight distribution centers around the world.

With a modern Distribution Center certified by ANVISA in Good Practices of Storage and Distribution of Health Products with more than 5,300m2 of built area and storage capacity of more than 150 containers, Supermax Brazil has stock with immediate delivery, backed by the manufacturer Supermax Corporation Berhad of Malaysia.

The shipment of goods with automation by barcode reading provides accuracy and full traceability of the commercialized batches. The storage area has temperature, humidity and luminosity control, preserving the original characteristics of packaging and products.



http://supermax-brasil.com/

AFTER the Philippines Stock Exchange Index, which is down 8.2% year-to-date, the FTSE Bursa Malaysia KLCI (FBM KLCI) is now the second worst-performing index in Asia this year with a year-to-date decline of 7.7%.

For foreign investors, who are likely using the US dollar as their base currency investing in the Malaysian bourse, their year-to-date return in dollar terms is even larger at negative 12.9%, as the Ringgit is down by 5.2% so far this year.

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One of the reasons for the underperformance of the local bourse is the relentless selling pressure that we have seen coming from foreign institutional shareholders.

In fact, based on data that has been compiled since 2014, net outflows were recorded in seven out of the last eight years. As can be seen from the chart, foreign flows to a large extent determine the performance of the FBM KLCI.

With the exception of last year, whereby the benchmark index rose 2.4%, despite the RM24.6bil net foreign outflows, the market has always gone the same direction as per foreign flows.

In 2020, despite the huge net foreign outflows, the 30-stock index provided positive returns on the back of the performance of the two main index-linked glove stocks, Top Glove Corporation and Hartalega Holdings, which accounted for 109 index points gain of the FBM KLCI.

Supermax, which was added with effect from Dec 21, 2020, provided negative returns of about four points to the FBM KLCI last year. Hence, although the 30-stock index gained 38 points last year, the index would have been at just 1,523 points and down 4.2% for the year, had the two glove stocks not perform as well as they did

This year, the glove stocks have taking a beating and the three stocks alone contributed to a 65 points loss to the index (Note: Supermax has since been removed from the 30-stock index with effect from June 21, 2021 and was replaced by Mr. D.I.Y. Group).

Hence, if we were to add back the 65 points loss due to the sell-off among the glove stocks, the FBM KLCI will be at 1,567 pts as of Thursday’s close, or up 2.9% year-to-date from last year’s adjusted performance.

source klse screener

Past 8qtrs, 5 of Q result are out of end of the month. So it is normal.

Shorties dump and cover strategy, buy and selling all by shorties itself.

Posted by AlsvinChangan > Aug 17, 2021 10:07 PM | Report Abuse

Revenge of the bilis comming soon

when RSS reach its limit 4%

3% limit is about 108M shares, the actual limit could be 4%

3% of 2720m shares (total shares) is 81.6m

Top glove highest net short position 253m shares about 3.1%
Kossan highest NS 2.1%
Harta-1.75%
supermax today -2.56% yesterday 2.61%.
Shorties covered 1.48m yesterday. Using dump and cover tactics.

There is no much play for shorties this week. The net short position already 3.0% by end of this week. They will start to cover when 3%+ is reach. This is based on past record.

Fund managers are getting more defensive as they grow more pessimistic on the economy and corporate profits, according to the latest monthly survey conducted by Bank of America.
Global fund managers have increased their holdings in healthcare, insurance, utilities and cash, while trimming their exposure to materials, commodities, emerging markets and energy.

market watch.

Gloves shares will be rebounding soon.

Spmx share holder fund 4.2b. A year ago it is only 1.5b.
Prepayment received 1.0b from customer from last qtr. The prepayment will converted to revenue when goods are deliver.

Shorties average shorting volume is about 1m a day (7days). It takes them about 8days short to 3.0% of net short position. Shorties will starts to cover after reaching 3+% based on past records.

Supermax had total asset 7.05b. A increase 3b from the period of 9 months. Another qtr result will the increase total asset to cross 8b which is more less the market cap 8.5b. Grossly undervalue.

Posted by monetary > Aug 13, 2021 9:41 PM | Report Abuse

From careplus QR we can expect SP PAT should be around 850mil.


SP makes additional 20-30% or more in OBM model. OEM 850M , OBM 1.1b.
Based on 30% more profit.
OBM
Removal of middle man , agent and Big distributor had completely overhauled the margin of Supermax which permanently increase by 20-30% more. This increase is permanent and even the ASP were to drop back to precovid price.

OBM booster business model. OBM 48b capacity the ROE is as good as 100b capacity of OEM.

https://www.sharetisfy.com/2020/08/supermax-obm-x-revaluation-imminent.html

America is flying blind when it comes to the Delta variant
The Delta variant was first identified in the United States in April and by May it was well onto its exponential growth curve, doubling every 10-12 days, as the basis for Covid infections, now reaching over 96% prevalence. Ironically, on 1 May, the CDC announced it would stop monitoring post-vaccination breakthrough infections unless they led to hospitalizations or deaths

https://www.theguardian.com/commentisfree/2021/aug/09/america-is-flying-blind-when-it-comes-to-the-delta-variant

US now facing acute shortage of gloves in all all 50 states. No time to play forced labour. Gloves are needed for their health care workers. Cbp might release the withhold order for top glove anytime.

More 98% USA is red zone.

https://www.msn.com/en-my/news/berita/zon-merah-covid-19-di-as-naik-mendadak/ar-AANggvp?ocid=msedgntp

US failing to end pandemics. Shorties failing to end gloves stock in bursa. They are correlated.

Kelly your boss will fired u all guys staying in bursa just to earning peanut. Wasting billion in bursa to earn peanut.

JP morgan power broker /citabdel is so no so clever and investing 3b ringgit in klci to make a few million ringgit. Almost a year already still stay in bursa. Pity them.

The know the US cbp will release the withhold order for top glove soon. So they covering as many shares as possible.

Shorties overvalue. They covering topglove everyday.

As the United States recorded its highest daily Covid cases on Sunday, a top public health official has warned that the country is failing to handle the situation.

"We should not really have ever got to the place we are," said Francis Collins, Director of the National Institutes of Health, on a local news show. "In that regard, yes, we are failing."



https://www.wionews.com/world/experts-say-us-is-failing-to-control-covid-fauci-warns-against-worse-variant-404096

US n UK failing badly to end of pandemics in 2021. It seem they are back to square one after 6 months.

1 USA 37,055,916 +143,459 635,636 +614
27 Malaysia 1,320,547 +20,780 11,373 +211

USA hitting record 143k yesterday.

Supermax will be uptrend. Reasons
1 ASP stablised due raised in delta infection in US, Europe, SA and Asia pacific.
2 Margmac projected 500b gloves needed in year 2021. A 80b increase in demand from previous projection 420b in Jan 2021.
3 Supermax has huge cash balance and can be used for expansion in 2021 and 2022. Total capacity 48b by the year 2022. Future factory expansion will included in distribution center US, UK and Canada where there is great demand there.
4.Supernormal profit for every qtrs. Pandemic will not end in 2021.
5 Leaky vaccine will supply by pharma can only last 6m.

More IBs good news supporting supermax. Rebound soon.

https://klse.i3investor.com/blogs/hleresearch/2021-08-11-story-h1569683653-Technical_Tracker_SUPERMX_Potential_oversold_rebound_amid_a_resurgence_.jsp

Despite the expected moderation, Bank Islam Malaysia Bhd economist Adam Mohamed Rahim said the surge in cases involving the Delta variant would help cushion the drop in ASPs and keep the demand elevated for the short-to medium-term.

“The Malaysian Rubber Glove Manufacturers Association has projected global demand for gloves will hit 500 billion pieces this year,

compared to an estimated supply of 420 billion pieces. In short, demand for products of local rubber glovemakers remains strong as Malaysia accounts for about 68% of the global glove supply.

“A declining trend in ASP could be mitigated by higher order volumes for gloves,” he told The Malaysian Reserve (TMR) recently.

China’s growing supply of gloves for the global market is putting pressure on the ASPs especially when its supply helps narrow the gap with demand, he said.

China now contributes 10% of the global glove supply.

Despite the competition, Rakuten Trade Research VP Thong Pak Leng said Malaysian producers’ experience as the biggest supplier of gloves globally gives them a competitive edge over Chinese producers.

The research and development investments by local industry players to enhance the quality and performance of gloves play a key role in ensuring Malaysian glovemakers remain ahead of the curve globally.

“Our technology is far ahead of China. It will take time for them to catch us.

“Furthermore, our climate is more ideal for the glove making industry. For example, the hot weather with no drastic change between day and night helps maintain the quality of raw materials,” Thong told TMR.

On the labour scrutiny faced by local glovemakers, he said Malaysian companies are constantly improving their environmental, social and governance practices to maintain their sustainability.

These efforts and their implementation would eventually lead to the lifting of an import ban by the US Customs and Border Protection (CBP) on companies like Top Glove Corp Bhd.

“The US cannot ban it forever because if this goes on longer, there will be a shortage of gloves in the US,” he said

Source: The Malaysia reserve

MANILA, Philippines — The Medical City on Monday night announced that its COVID-19 floors, Emergency Room and Intensive Care Units hit full capacity amid a sharp increase in new coronavirus cases.

In a statement, The Medical City said these facilities are filled with patients as they urged those seeking medical help for the families infected with the coronavirus to check with the government’s ONE HOSPITAL command.


https://www.philstar.com/nation/2021/08/10/2118945/medical-city-reports-full-capacity-covid-19-floors-er-icu-units

Coronavirus: US hospitals sound alarm over Delta surge; France rolls out ‘health pass’ despite protests
The number of people hospitalised with Covid-19 in the US has more than tripled over the past month to almost 43,000

As Covid-19 cases surge, some hospitals in the United States are raising the alarm over hospitalisation rates that may push facilities to capacity.


https://www.scmp.com/news/world/united-states-canada/article/3144332/coronavirus-us-hospitals-sound-alarm-over-delta

Supermax gloves still fetch good price in UK and US. ASP for Supermax still in the range of USD 100-110/1000pc even after minus 25% distributor margin.
https://www.galleonsupplies.co.uk/aurelia-gloves-m20

Malaysia has reported 360 death yesterday. It is worse than mh370 disaster. Always stay safe and vigilant.

Most of powerful countries was planning to end of covid19 pandemics at year 2021 with full vaccination on their population. It seem now situation is getting control of covid19 to became uncontrolled of delta variant in just short of 4 weeks of opening. Now most of countries in mid of lockdown or already lockdown near the year end. Even shorties ib are predicting the ASP will be lowest in mid year of 2021. Thinking covid19 is "kow tim".

This Supermax (OBM) business model enables the group to supply directly to end customers at distributor’s price instead of at factory prices. Due to the rush to stockpile gloves in preparation of a fourth wave, customers are willing to pay high prices as long as manufacturers are able to offer capacity allocation

By year end 2021 Supermax production capacity will increase to 36b when all the plants 13-17 will in operation.

Dr Noor Hisham: 20.5pc of today’s 20,889 Covid-19 cases have at least one vaccine shot

https://www.malaymail.com/news/malaysia/2021/08/06/dr-noor-hisham-20.5pc-of-todays-20889-covid-19-cases-have-at-least-one-vacc/1995813

How many cases and deaths can the United States expect in the Delta-driven surge?
Many computer models predict case counts will peak sometime between mid-August and early September. That peak may bring as many as 450,000 daily cases, according to forecasters at the Institute for Health Metrics and Evaluation (IHME) at the University of Washington. IHME’s models have drawn controversy throughout the pandemic and other groups are more conservative: The COVID-19 Forecast Hub predicts the daily case count on 21 August will be somewhere between 29,000 and 176,000, using a range of estimates from 41 different models.

But all projections rely on assumptions that are moving targets—such as mask wearing and vaccination behavior—and accuracy quickly diminishes the further out the forecast. “We can probably expect to see cases continue to rise for the next 2 or 3 weeks at least. Beyond that, I think it’s challenging to predict,” says David Dowdy, an infectious disease epidemiologist at the Johns Hopkins Bloomberg School of Public Health.

https://www.sciencemag.org/news/2021/08/what-does-delta-variant-have-store-us-we-asked-coronavirus-experts

Computer predict 450k daily cases in US in early September.

U.S. President Joe Biden declared the U.S. close to independence from the virus. Britons hit the dance floor to celebrate “Freedom Day.” Singapore’s legendarily strict government signaled it would begin to loosen its zero-cases approach and make life and travel more manageable.

But if those places were ready to be done with COVID, COVID wasn’t done with them.

The sputtering U.S. vaccine campaign has run headlong into the highly-contagious delta variant. The U.K.’s reopening has coincided with a new surge in cases and fears of “long COVID” in younger people. In Africa, deaths have spiked as vaccine supplies remain meager. And in Japan, rising infections have forced the already-delayed Summer Olympics to be played in empty stadiums and arenas


https://fortune.com/2021/07/27/how-covid-19-came-raging-back-2021-vaccination-delta/

US hitting 130k today. Every day increase 10k now.

Debt to cash ratio comparison of top stocks
Supermax : 0.078
TG: 0.1106
Harta:0.029
Mrdiy:18.74
Genting:1.56
GenM : 4.30

The higher debt to cash ratio meaning it will takes longer time to recover from debt. For GenM will takes about 4 1/2 years to be debt free. Worst one is Mrdiy, it will takes 18 years to cover its debts.
Investors should take note of this important ratio.

Posted by pjseow > Aug 6, 2021 12:01 PM | Report Abuse

Tonee and Myinvestor,

THere is a possibility that supermx already has 30 billions p.a capacity by now from the newly added 2.75 b from plant 13 and 1.0 b from plant 14 . The last QR briefing did mentioned about such capacity add . The balance 6 billions will most likely be added in 2H making the total capacity to 36 billions which is higher than the present Kossan capacity.
By end of Sept 2021 , supermx might add another 3 billions and by end December by another 3 b making the total to 36 billions as committed by Supermx .
The 2H earnings will be boosted if this is the case . One billion per qtr earning will not be a problem for the subsequent qtrs barring any unforeseen circumstances . I think supermx workers will also be vaccinated as the other glove makers .

PJ Seow, thanks for your updates. It could be 30-32b capacity if u include lot38, Sg buloh. 1.19

Rebuilding & Replacement of Old Lines
Lot 38, Sg Buloh
Capex 70.0m additional capacity 1.19b 2HCY20 (FY21)
Source Midf.

US new cases hit above 120k.

Posted by ToneeFa > Aug 5, 2021 7:11 PM | Report Abuse
I think you are right myinvestor, although there is no official news of the completion and commissioning of the Plant13 except in the aureliagloves website. I read somewhere that Plant14&15 capacities are 6b each. So Plant13 must be 10b. Means that Supermax is currently alrdy producing 36b capacity, just 8b behind Harta at the moment.
Pjseow, looks like Supermax alrdy overtook Kossan this qtr. With its OBM module, its earning will not be far from Harta in 1Q22 QR. What do u think?
Maybe this is why MonkeyMakers has been acting weird and desperate lately, even coming up with the most ridiculous " overvalue" calculation. First of its type in the world, only can be found here bcos we have world class mo ron trolling Supermax forum.

Toneefa, with new 13 plant in operation Supermax are able to clear all backlogs and speed up their shipment in North America. This add more revenue and profit in the this qtr and subsequent qtrs.

Supermax big shipment to US Supermax health inc in July 2021
https://www.usaimportdata.com/usa-import-importer-supermax.aspx

US new cases hit above 111k.

Supermax should no issue get 1b-1.5b this coming qtr based on increased demand in North America market (Cbp banned TG). Furthermore the plant13 already fully operation according to their US aurelia. The timely planned expansion are listed below.
2020 Plant 11 cap 27.3b
2020 Plant 12 (block A n b) add cap 4.4b
2021 Plant 13 4.3b estimate Total cap 36b
2022 Plant 14 and 15 each estimate 6b each.
Total 48b.

Us new cases hit above 100k again.

1 USA 36,043,489 +102,752

With plant 13 in operation, Supermax capacity should had raised production capacity from 27b to 36b in 2h of 2021 according to their AGM 2020.

Covid is surging in Florida. Doctors and nurses are back in crisis mode.

https://www.nbcnews.com/news/us-news/covid-surging-florida-doctors-nurses-are-back-crisis-mode-n1275746

Harta post 2.26b profit and revenue 3.9b. Highest profit for profit for harta. Supermax coming soon another super profit for the q4.

https://www.klsescreener.com/v2/news/view/862659/hartalega-posts-record-quarterly-net-profit-of-rm2-26bil

EIJING: Authorities in Wuhan on Tuesday said they would test its entire population for Covid-19 after the central Chinese city where the coronavirus emerged reported its first local infections in more than a year.

The city of 11 million is "swiftly launching comprehensive nucleic acid testing of all residents", senior Wuhan official Li Tao said at a press conference on Tuesday.

https://www.nst.com.my/world/world/2021/08/714407/chinas-wuhan-test-all-residents-covid-returns

Our 13 production complexes in Malaysia are working full time to maintain production and ensure regular and prompt shipments so we can remain a strong link in the national essential infrastructure supply chain which is depended upon now, more than ever, to battle this public health crisis in our country. We are also accelerating construction and completion of our 14th and 15th production complexes. With all 15 complexes online, we will be able to produce and supply more than 48 billion pieces of medical gloves per year.

https://aureliagloves.com/a-message-to-our-customers/

13 plant had already started full production. The capacity might already increased to more 26b. Probably 32 b. This will add additional revenue and profit to the company.

KUALA LUMPUR (Aug 2): Hartalega Holdings Bhd executive chairman Kuan Kam Hon said prospects for the rubber glove manufacturer remain strong in the short term as glove demand is projected to remain high as the Covid-19 pandemic generates demand for gloves, which are seen as a crucial form of personal protective equipment to curb the spread of the pandemic.

Kuan said in a statement in Hartalega’s latest annual report that while demand for gloves is projected to remain high for the short term, such demand is expected to reach an equilibrium and average selling prices for gloves are subsequently expected to stabilise.

https://www.klsescreener.com/v2/news/view/862023/hartalega-prospects-strong-as-short-term-glove-demand-to-remain-high-chairman