Chief999, I have no idea on their cover
back. I just read the information from this article from Nanyang.
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chief999 re: pjseow, have they started cover back for supermx? as far as i know, only TG has been covered back a bit....
14/07/2021 3:17 PM

Supermx was the second most shorted shares in.Bursa. The total shorted amount is rm 16.8 millions .

https://www.klsescreener.com/v2/news/view/854037

Jef3880, you are welcomed.

Delta Variants Ripping Around The World.At Scorching Pace

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https://www.news18.com/news/world/delta-variant-ripping-around-the-world-at-a-scorching-pace-driving-new-spike-in-cases-death-who-3957128.html

Beary you huat already. All glove stocks green especially Harta dark green.

MM commented 15 repeated messages within 4 minutes. On average 4 messages within.1 minute or 15 seconds one message. This is an abuse of freedom of comments. Those who support such abuse is insane . What if everyone do the same as MM as what some stupxxd fellow who call this freedom of comments ? What will this forum be like ? If 10 or 20 persons
do these repeatedly like MM ?
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MoneyMakers Post removed. Why?
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imvu petang gap up limit up ?
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13/07/2021 11:48 AM

In February this year , India declared victory in overcoming covid 19 . In March , an explosive infections swept through India with the new Delta variants. US will be.facing similar explosive outbreaks again with loosening of SOPs. The extire population is only 48 vaccinated with 2 doses.

Opec produce a total of 40 % worlds crude oil and 60 % of worlds total petroleum . When Opec reduce its production , oil price will rise. Likewise, the Malaysia glove manufectureres produce 65 % of worlds gloves . When our glove makers reduce productions since June 2021 , ASP will.stabilise or possibly rise .

Fairtalk, you are welcomed.

skyu, below is the extract from TA analyst who had the same analyst briefing from supermx. Namura report stated the same thing also that the ASP for April to June 2021 was between US 80 to 110. This is not my own.assumption. The average ASP of 80 to 110 is 95 which is in.fact higher than the average of Jan to M arch ASPs.

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速柏玛（SUPERMX，7106,主板医疗保健组）第三季净利暴涨13.15倍至10亿零521万2000令吉，分析员预期多锁定80至110美元合约价的速柏玛医疗手套，未来两季盈利依旧呈升势。

达证券预测该集团第四季手套平均售价，每1000个80至110美元之间，新财政年首季则为80美元。

手套合约价已“锁定”
管理层指目前70至80美元的现货售价，低於合约价5%，因此达证券认为人们所说的盈利冲击，是按现货价计算，并非以合约价为基准。

达证券因而认为，盈利冲击不会发生在未来两季，主要是合约价皆是已“锁定”的价格。

分析员说，速柏玛也未遇到取消订单之事，因为是与买家直洽，并非经过代理

Supermx management expect.the.coming qtr profit to be the same as last qtr.which.is about 1 billion based on the following input.


--------------------------------------------

ASP have reach a peak in the March quarter.
Supermax’s ASP starting to see a drop in 2Q2021 which is earlier than our expectation in 2H2021.
Blended ASP still rose in 3QFY21 = Jan: USD84.61 (+1.3% mom), Feb: USD87.65 (+3.6% mom), March: USD89.2 (+1.7% mom).
Going forward, nitrile ASP (factory level) for April - June is about USD80-110, while July onward deteriorating to about USD70.
Currently, spot prices are lower than contracted prices and Supermax’s current spot prices for shipment in June is slipping down to USD70-80. As Supermax mostly sells its products under contract basis (its spot <5% of total production), it is expecting that blended ASP will not be significantly impacted in at least next 2 quarters

https://www.hindustantimes.com/world-news/delta-variant-threatens-us-tourist-hub-missouri-s-ozark-mountains-101625928210501.html

Toneefa, If the exchange rate weakened to about 4.45 , it means a 10% drop of our ringgit against the US dollar. The earnings will increase by 10 to 20% . I am afraid the gang of 5 will ask me to prove again that a 10 % drop in ringgit can increase earning by 10 to 20%.

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ToneeFa @pjseow Another macro area which we should look at is the weakening of our ringgit since January. Our ringgit was weakened from 4.03 in.Jan to 4.19 last Friday. There is a possibility that our ringgit will be weakened to 4.4 or 4.5 per 1 US dollar if our covid situation doesnt improve. Less taxes will be collected and the government need to print more money to support the economy. Weaker ringgit means higher profit for glove makers.
11/07/2021 12:33 PM

True, holding Supermax tickets can also hedge against falling RM since earnings mostly in USD.
11/07/2021 3:47 PM

Another macro area which we should look at is the weakening of our ringgit since January. Our ringgit was weakened from 4.03 in.Jan to 4.19 last Friday. There is a possibility that our ringgit will be weakened to 4.4 or 4.5 per 1 US dollar if our covid situation doesnt improve. Less taxes will be collected and the government need to print more money to support the economy. Weaker ringgit means higher profit for glove makers.

Last year, Trump and Boris Johnson brushed off the dangers of Covid 19 infections. Trump the mad said covid 19 is like flu , it will go away in summer. Boris the joker said let everyone get infected to achieve Herds immunity . Later Boris himself got infected and almost dead . It looks like Biden and Boris never learnt or economy is more important than human lifes.



Beary Of course they will not say it openly lah....want face mah.

But the directions UK and US are going seems to point to that isn't it?

They seem to gamble on achieving herd immunity before winter comes.

That means let people die lah.

Do you think they will succeed or not ah?
11/07/2021 11:21 AM

In life , everyone is " betting" be it choosing the college , what course to take , which career to go into , which girl to.marry, what stocks and prices to buy . We bet based on probability or odds in.favour of our ourself.
In.the case of supermx , I.am.betting that supermx will continue to have.higher margin than the other glove makers come post pandemic. In the last analyst briefing , Namura picked up the statement that supermx net margins will be in the range of 30 to 40 % which is still SIGNIFICANTLY higher than the margin.during pre pandemic. To me even if the net margin.is between 20 to 30 % , supermx will still be the champion in net margins among the glove makers due to its changed OBM business model. You can do your own calculations on its earnings based on new capacity and new net margin.assumptions.

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http://www.supermax.com.my/html/filedownload.aspx?file=(1)%20NOMURA%20RPT%20DD%206.5.2021%20BUY%20TP%20RM8.39.PDF

Below is the extract from supermx analyst briefing on 6th May. OBM ASP s are higher than its peers because 58 % of its business sells directly to the final customers instead of through the.middlemen like OEM, direct.distributors , agents or dealers. Hence, Supermx has the highest margins among all the 7 or 8 glove makers in the last 5 qtrs. Its margin is even higher than topglove and hartelega despite having much lower capacity relatively .
Fundamentally , supermx has the highest net margin of 55 % , eps of 120 sen for last 4 qtrs, highest cash per share of rm 1.45 and yet has the lowest PE ratio of 2.75 only. With the estimated net profit if 1 b in.coming QR , the total eps for rolling 4 qtrs will hit 150 s. The PE will drop further to 2.2 .


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Strong global demand but ASP trending downward
Moving forward, we believe ASP will see a gradual decline as glove urgency expected to fade due to increasing percentage of global vaccinations and rising competition from existing and newcomers’ capacity which will mostly be up in 2H21 onwards. Zooming in on Supermax, its ASP could be slightly higher than most of its peers due to its OBM business model and lesser cancellation of orders as most of its sales are to contractual direct customers rather than middlemen/ importers. Nonetheless, we hold the view that long term glove demand postCovid19 to remain stable due to increase hygiene awareness and structural changes in glove usage.

How does the Delta variants.dogde the immune system ?

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https://m.economictimes.com/news/science/how-does-the-delta-variant-dodge-the-immune-system-scientists-find-clues/articleshow/84245327.cms

Onhands , Are you also one of them like Gloveoff or Citadel and like to be busybody kepochi who like to keep track of other peoples portfolio and.lie about it.?

Onhands, Dont talk nonsense. I listed the 6 tgt prices of 6 IBs on.may 30 at 1.11 pm. Check the price then and open.your big eyes.
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Jul 6, 2021 2:11 PM | Report Abuse

IB target prices ka ?
Look at how PJSeow how get a Bezza but lost his Lamborg & Cayenne when price was above 6 he listed six IB gave high target prices toyed him continue keeping.
Glovesoff lazy bumpkin long time no up date scores

For me , Toneefa , Beary and few others ，we are around whether up or down & rain or shine . We wont disappear or hide.
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Start_0f_the_bull When price goes up naysayers go for hiding, supporters emege. When price goes down the opposite happen. I love this forum!
Note : But one very boring thing is that naysayers keep on repeating the same things over and over again.
09/07/2021 2:22 PM

Wow, 20 million volume in morning session. This volume is double the daily average volume of ladt few weeks. Who are buying ? Retailers alone cannot push so much. Up 27 sen . The shorties scrambling to cover the shorts or institutional buying? Supermx starts sbb?

FairTalk, good morning . welcome back . Nice to hear from you . Regards
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FairTalk Hi PJ Seow, Good morning. You are on the right track . Regards.
09/07/2021 11:01 AM

Toneefa, agreed with you . Let me add another potential windfall which is distribution of the currently held 103 million Treasury shares as bonus as mentioned in the last briefing.

wow, supermx up.the.most with high volume .

Myinvestor, agreed with you. The shortages will create panic like last year . Many will place big orders to stock up . Lead time will shoot up to 6 months and higher again. ASP may stabilise or go higher again. The law of demand and supply will.apply . The under supply situation may persist longer if the EMCO.continues. Some forms of controlled openings of glove.factories may be a wiser move. The world need gloves.

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myinvestor When gloves supply is cutoff, the fear of shortage, all countries dominate by delta virus will try to stock up as many as possible for future use. ASP will definitely shoot up near future..
09/07/2021 9:12 AM

Extract from.Supermx analyst.briefing .to BIMB .Please note that supermx ASPs are slightly higher than its peers due to its OBM.business model where 58 % of its gloves are sold Directly to the contractual customers instead of through middlemen or importers .

--------------------------------------------
Strong global demand but ASP trending downward
Moving forward, we believe ASP will see a gradual decline as glove urgency expected to fade due to increasing percentage of global vaccinations and rising competition from existing and newcomers’ capacity which will mostly be up in 2H21 onwards. Zooming in on Supermax, its ASP could be slightly higher than most of its peers due to its OBM business model and lesser cancellation of orders as most of its sales are to contractual direct customers rather than middlemen/ importers. Nonetheless, we hold the view that long term glove demand postCovid19 to remain stable due to increase hygiene awareness and structural changes in glove usage.

Earnings revision
We revised down our earnings forecast for FY21f/FY22f by 16%/22% after imputing lower utilisation rate and lower ASP assumptions. Lower utilisation rate of c.80-85% due to temporary plant closures and normalising demand and supply assumptions. Our blended ASP estimate for FY21f/22f now reduce to US$78/US$50 per 1k pcs of gloves

Beary, got some below 7 . Will try tomorrow somemore. Anyway. congratulation .

Below is the extract from.BIMB analyst report .
The briefing was on 6th May after the last QR. At that time the share price was more than rm 5. The analyst expected 8.6 % dividend yield. At today price the dividend yield will be more than 15 % per year. Last qtr profit was 1.08 b despite meru plant shutdown which caused a loss of 313 million revenue.

--------------------------------------------+
Supermax held a 3QFY21 results briefing to sell-side analysts on 6th May. Profit increased to RM1.08bn mainly due to higher ASP. However, volume was impacted by plant closures due to Covid-19 cases.

Global demand for glove expected to remain strong but ASP anticipated to gradually decline from its March quarter peak due to increasing competition moving forward.

Supermax declared 13sen special DPS, bringing YTD DPS of 16.8sen and committed to declare more dividends. We estimate dividend yield of 8.6% FY21f.

Aiya, I said good profitable companies with good records. All the 4 king glove makers have 15 to 20 years of strong.growth and profitable records of 20 to 25 % CAGR. Sapura and Hengyuan are not on.the same league lah. Your check the last 5 years or 10 years records , you can see the.big difference.
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investmalaysia2 @pjseow, yes ah? How about hengyuan, sapura energy, aax ah?
08/07/2021 12:38 PM

Yes, You apply last year march big dip of 40 to 50 % to current big dip of current glove counters which have dropped 60 to 75 % . It doesnt matter how long ut takes to come down.
You will get the answer loh. The 1998 financial crisis took one year to drop from 1300 to 250. It took one and half year to go back to 1000, a 4x increase within one and a half year leh.It was worth waiting .
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investmalaysia2 Pjseow, no need to say last year March la. That time you simply buy and shares also can earn a lot. Last year March shares were plunging down. When a share plunge too fast, it will recover fast also. Supermax is slowly drop day by day. See the difference?
08/07/2021 11:55 AM

Invest malaysia , 燕子去了，有再来的时候，楊柳枯了，有再青的时侯。桃花谢了，有再开的时候。

It is not only Jaks and Dayang.lah. It applies to many other good profitable stocks with good records. For example MFCB , last year March the price went down 50 % despite an almost a guarenteed rm 330 m earning per year from a 25 year contractual PPAof Don Sahong power plant . It would be stupxxd to sell at the low. After a few months the price recovered and went even higher than before March. After every gloomy autumn and winter , the sunshine spring and summer will come. It is a natural phenomena. Dont go against natural laws. Have a fun ride with nature.

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Investmalaysia2 Haiz, Pjseow too confident with his investment style which he can hold for long time. He apply his experience in jaks and dayang into supermax. Sadly supermax might not work in how he thinks.
08/07/2021 11:02 AM

Citadel 666, bye. take care of your mental health ya. Dont forget to bring.your favourite number 666 along ya.
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CITADEL NVM I GONNA LEAVE THIS PARIAH FORUM SOON

Aiyo, why they are so dumb. The admin.already blacklisted the names of the gang of 5 already.
These names already.programmed into auto delete. No matter how fast or how.many messages sent also no point. The admin just Press auto delete, within seconds all messages from the gang of 5 just disappear.
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investmalaysia2 It’s because of the losers who keep deleting the post. That’s why they send messages within few mintired
07/07/2021 10:24 PM

Finally ,the ktcn cabinet come to their senses. Billions of taxes at stake. At least.they see the money. Just send more police and other personnels to monitor and inspect and ensure strict sop compliants.

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Benhobenhobenho https://www.google.com.my/amp/s/www.malaymail.com/amp/news/malaysia/2021/07/07/miti-aerospace-repair-healthcare-ee-manufacturing-among-new-economic-sector/1988029
07/07/2021 8:46 PM

Aiya, it was the shorties.fatt lan zar lah. This was.demonstrated by citadel666 and moneymakers sent repeated messages every 2 to 3 minutes. They must have panic or afraid more peoples will buy up because the prices were shorted at very low already. Who can tolerate these peoples fatt lan zar with so many meesages? You happened to be in the same.group. So the admin round up the whole group loh. The admin also very smart. They know it is the same person who try to use different id.
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investmalaysia2 @pjseow, no choice la. All the losers here keep fat Lan zha. Keep blocking people who say bad about gloves. Typicall loser behavior
07/07/2021 7:40 PM

https://www.thestar.com.my/news/nation/2021/07/07/glove-factories039-operations-suspension-affects-earnings-overseas-interests

Harta PE us still the highest at 8.4 vs the others at below 4 . Topglove at 3.7 , kossan at 3.72 and supermx at 2.6.

--------------------------------

Robinhud harta price almost equal to before pandemic.
that is why it stable now.
But supermax&TG long2 way to go.
07/07/2021 4:33 PM

Investmalaysia , you also got many id ya. Investmalaysia999, investmalysia66, investmalaysia666 , investmalaysia333. Now investmalaysia2 . More than citadel666 now.

Delta variants infected more young.peoples and more severed , less asymptomatic and hence more easily detectable.
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https://www.taipeitimes.com/News/taiwan/archives/2021/07/07/2003760429

TERRIAN, Yes. I saw a big contrast in patriotism between China and MY. When US.and othet western countries tried to use "Forced Labour"" on Xinjiang to boycott its cottons with the intention to kill the cotton.industry, the China.government and their.citizen rise up to defend the cotton.industry by boycotting H&M and BCI. In.Malaysia , the minister and some holier than thou local NGO seems to be.happy with CBP.ban on Topglove indefintely. They failed to see the doubke standard and.hypocrisy of the US government. Nike and other US companies had worsed labour abuses like.child labour in Bangldesh and extremely low.wages in.myamar and cambodia but did US government.ban.Nike products ? Some of the commentators in i3 are.also happy with the CBP bans but close their eyes on US companies abuses in other countries.

---------------------------------------------
TERRIAN Somemore glove industry is our country honor, why not support them instead of cursing them. If they really go bankrupt or what, how many people get sacked and become jobless? Of course the support no asking you to buy or what, at least no need make joke of it, just moral issues. The people laugh and hated glove industry is because they buy high and expect go more higher, but end up with a 60% retracement
07/07/2021 3:39 PM

UPlanet , spot on . The government stand to lose a big chunk of taxes with the close down of essential glove industries besides local workers may lose their jobs. For.every 10 billions of profits from our glove makers, the government make 2.5 billions taxes. Glove industry are the only industry which is not affected in this pandemic and it also help to " compensate " for other losses from Hotel, Travel , Airlines and other F&B businesses. What the government should do is to have more checking , inspection, monitoring and inspections to ensure SOP s are Strictly complied rather than force them to close down completely.

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UPlanet Shortage could easily take over by China & Thailand? After reopen, believe many ppl will be jobless!!! Coz Malaysia economy going to slump to the historical level where we never experienced before??? All this blame to our PH gomen( selangor) & PN gomen ??? All same stupxdness!!! Essential products manufacturers/factory also close down??? Who else can produce income for Malaysia in this critical period??? Sigh!!!
07/07/2021 3:36 PM

We must face the reality whether we like it or not. In the last 18 months since the outbreak of covid 19 , the virus has mutated to the UK Alpha , South African beta, Brazillian.Gamma, Indian.Delta and the Peruvian Lambda variants. On average, every 3 to 4 months, there is a new mutated variants which are proven to be more deadly and transmissible. The efficacies are also.lower against these newer variants. We need newer and improved vaccines to counter the new variants while quickly vaccinate as many peoples as possible with the current vaccines. We should.not dismiss or downplay the dangers of these new variants. Today there are already 4 millions deaths in the whole world. The world has a population of about 8 billions . We cant.afford to have 1 % death which is 80 millions . I cant.imagine a death.rate of another 20 X from the current 4 millions death todate. Preventions through stringent measures like social distancing., wearing masks and gloves in hospitals , clinics and other non medical areas like F and.B , Aviation and other hospitability industries are necessary while waiting for new vaccines.

GloveOff , As.I.said earlier , the market prices depends very much on sentiments. The market prices can.swing up and down within.weeks , days or even hrs . Stock prices does not equate the fundamental values of a company. The prices can go far above the fundamental value ir swing way below. It is up to the individual investor to decide whether to buy or sell above or below the value of a company. That is the readons why certain company has suoer high PE while some has super low PE. At the end of the day, reality will prevail.

pampers, thks and congratulatuions to you. I am happy you have such mindset too.
Patience and good holding power ,. buy good and profitable company at reasonable prices are key to investment success.
The biggest joke is the satanic and Narcissistic CITADEL 666 thought you are my secondary account.

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pampers Pjseow, sometimes I really respect u to have the patience and time to talk to those nasyaser aka keyboard sinkalan...
All they know are talking shit in front of the screen...They don't know the power of holding a good fundamental sound company in a long run, because they don't have the mindset and they very short sighted...

I can understand why u can success in stock market in such a long time...Because I am kind of same type with u, good company will not let go easily...
07/07/2021 10:06 AM

Beary, I dont think you can get the price you want.All glove counters green.already. Harta 7.26 already. No chance to get below 7. Supermx also 3.19 . No chance to get bekow 3.

GloveOff , Topglove and Harta distributed the most dividend in the past one year. The company.has less money left in the cash piles . Thats why supermx has the most cash per share in.hand now. I think , this coming QR , the cash per share would reach rm1.6 per share.,the highest among the 4. It can easily announce another 15 to 20 s per share dividend . I expect this year dividend yield to be about 10 to 15 % with the current price even if the dividend policy is between 30 to 40 %. This is better than.putting money in the bank.
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GlovesOff Unfortunately, you bought big in the wrong glove (amongst the four) in terms of defend/reward shareholders. I suggest you do more industry research, not reading reports, go to the ground

Robinhud, SBB and Distribution of 103 millions Treasury shares currently the company possess were mentioned by supermx management in last QR briefing. Personally., I prefer dividend because it give me the freedom whether to use the use the dividend to buy back supermx shares or use it for other purposes. Supermx top.management can do both or choose to use the cash piles to give attractive dividends only.

I think.at this price , the time is ripe for sbb. At current price sbb can buy double the number of shares compared with doing sbb.when.the price was at 6. Tan sri and.supermx upper management are wiser . I am hoping supermx will announce distribution of dividend plus treasury shares next month.