1 usd =rm 3.66....last quarter rm 3.23 ..10% up

Start soft .. Need vigra...

same glove..different area usage...hahaha...
all make from rubber....

Karex up 0.22 sen, kossan up 0.10 sen, harta up 0.03 sen...
Top glove down 0.03 sen...supermax down 0.07 sen...yahoo....

All glove counter up.. Except supermax

today not rebound but redown....wakakaka...

falling knife

below rm 2.00.....

Run

Amendments were made on the following items -

i) Profit attributable to owners of the parent and minority interest, total comprehensive income attributable to owners of the parent and minority interest and earnings per share ("EPS") diluted (Sen)- as appeared in Interim Financial Statement - Unaudited Income Statement for 4th Quarter Ended 31 December 2014

ii) Item 13 - EPS as appeared in page 12 of 15 of notes to the Interim Financial Report for the 4th quarter ended 31 December 2014

due to omission of current quarter and current year-to-date minority interest portion in income statement as a result of formula error in excel worksheet.

Harta share price down 0.5%, kossan 1.5%, supermax 8%

The Board of Directors of Supermax Corporation Berhad ("Company") is pleased to propose a single-tier final dividend of 6% per ordinary share of RM0.50 each in respect of the financial year ended 31 December 2014 for the approval of the shareholders at the forthcoming Company's Eighteenth Annual General Meeting.

The proposed entitlement and payment dates for the final dividend shall be determined at a later date and announced accordingly.

ma hai also break....

soon below 2.00

boss lari liao..no support....die liao

BIG BOSS SUPPORT AT RM 2.06

others glove counters kena hit still ok coz they already up to historical high.
Supermax not yet hit historical already go down.
up no follow but down supermax follow...

Target price downside to RM 2.21 from RM2.46...

CIMB RESEARCH : Higher costs and competition
FY14’s net profit came in below our (94% of FY14 forecast) and consensus’
estimates (88%) as intense competition reduced selling prices and start-up cost
of its new plants dragged down its 4Q earnings. FY14’s revenue was impacted
by capacity constraints in 1H, lower raw material prices and higher
competition in 4Q, while net profit was also dragged down by weak associate
contribution and a higher effective tax rate. We cut our FY14-16 EPS by 7-8%,
lowering our target price (12.6x P/E CY16, 40% discount to Hartalega). We
maintain Hold. While FY14’s results were weak, Supermax should deliver
earnings growth in FY15 as new capacity is rolled out. It declared a final DPS
of 3 sen for a full-year DPS of 5sen, above our expectations of 4.4 sen. We
prefer Kossan.
Weaker FY14 performance
Supermax’s FY14 revenue dropped 3.9% while net profit declined 15.8% yoy.
The top line was mainly impacted by its 1HFY14 results in which revenue
dropped 27.7% as the group was affected by (i) the temporary loss of production
caused by the fire at its Alor Gajah plant in 4Q 2o13, and (ii) lower selling prices
due to competition and lower raw material prices. In 4QFY14, Supermax’s
revenue jumped by 34.6% yoy mainly due to the full recovery of its Alor Gajah
plant and a stronger US$ vs. RM, to a lesser extent. Although 4QFY14’s revenue
was much stronger, net profit declined 20.2% due to start-up costs (RM11m)
incurred as the group continued to install and test run its new lines of its two
new plant and as margin in 4QFY13 was exceptionally high due to a large drop
in latex prices in 4QFY13 (Supermax locked in much of its raw material
requirements in mid-4Q when latex prices were at their lowest). The lower
full-year net profit was also due to (i) lower associate profit in 9M, and (ii)
stocking up cost on the resumption of full running of Alor Gajah plant. The
lower full-year net profit was also due to the slightly higher effective tax of 22%
in FY14 vs. 19.7% in FY13. Supermax aims to achieve full commercial
production of the new plants by end-2015. It is running at 85% utilisation rate.
Intense competition impacted qoq numbers
Revenue declined 7.1% qoq due to intense competition especially in the nitrile
segment, while net profit declined much more than revenue due to the
much-higher effective tax rate of 38.3% in 4Q versus only 15.2% in 3Q.

Below 2.10 liao

Need fund manager to push.. Rafidah maybe can ask EPF to push...

吉隆坡27日讯）速柏玛（SUPERMX，7106，主板工业产品股）建议，改变董事部组合，拿督斯里郑金森将担任集团董事经理而已，并委任丹斯里拉菲达为主席。

速柏玛通过文告，这主要是为了能够让主席和集团董事经理之间，有更清晰的角色和责任。

在更动之前，郑金森同时担任集团主席兼董事经理。

根据文告，拉菲达目前也是亚航X（AAX，5238，主板贸服股）、美佳钢铁（Megasteel）和松木依斯干达大马影城（Pinewood Iskandar Malaysia Studios）的主席

The edge:
Supermax Corp Bhd, the world's second largest rubber gloves maker by volume, saw its net profit slip 19.9% to RM20.07 million or 2.95 sen for the fourth quarter ended Dec 31, 2014 (4QFY14), from RM25.05 million or 3.68 sen a year ago, dragged down by start-up costs for its new lines at its two new plants in Meru, Klang.

Revenue in 4QFY14 however, rose 34.6% to RM258.75 million, compared with RM192.24 million in 4QFY13, as the group had fully recovered from the fire at one of its plants in the quarter under review, and also benefited from a stronger US dollar which had appreciated by 5%.

For the full year of 2014 (FY14), its net profit fell 15.8% to RM100.8 million, from RM119.72 million the previous year; while revenue declined 4.6% to RM1.01 billion, from RM1.05 billion in FY13.

Nevertheless, Supermax (fundamental: 1; valuation: 0.6) is proposing a final dividend of 3 sen per share for FY14, for the approval of the shareholders at a forthcoming annual general meeting (AGM).

In a separate filing with Bursa Malaysia today, Supermax said it intends to seek its shareholders’ approval at the upcoming AGM, on the proposed appointment of Tan Sri Rafidah Aziz as its chairman and independent non-executive director.

"Upon obtaining shareholders’ approval on the proposed appointment, Supermax's executive chairman and group managing director (MD) Datuk Seri (Stanley) Thai Kim Sim will be redesignated to group MD (only).

"The proposed appointment and redesignation reinforce clear division of roles and responsibilities between the chairman and group MD respectively, and are in line with the recommendation of Malaysian Code on Corporate Governance 2012," said Supermax.

The Board of Directors of Supermax Corporation Berhad (the "Company") (“Board”) believes that a board made up of highly qualified directors with gender diversity (including diversity in age and ethnicity) of whom comprised individuals from diverse professional and business backgrounds and experience as well as with character, integrity, core skills, competence and time to discharge their roles as directors and promote good corporate governance in the Company.
To support this, at the recommendation of the Company’s Nominating Committee, the Board wishes to announce that the Company intends to seek its shareholders’ approval at the forthcoming Company’s Eighteenth Annual General Meeting to be convened at a later date on the proposed appointment of Tan Sri Rafidah binti Jubur Aziz as Chairman, Independent Non-Executive Director of the Company pursuant to Section 129(6) of the Companies Act, 1965 ("the Proposed Appointment”).
A copy of Tan Sri Rafidah’s profile is attached for your information.
Upon obtaining shareholders’ approval on the Proposed Appointment, Dato’ Seri Thai Kim Sim shall be redesignated from Executive Chairman and Group Managing Director to Group Managing Director (“Redesignation”). The Proposed Appointment and Redesignation reinforce clear division of roles and responsibilities between the Chairman and Group Managing Director respectively and are in line with the recommendation of Malaysian Code on Corporate Governance 2012.
The Annual Report containing the Notice of Annual General Meeting setting out the details of the Proposed Appointment will be sent to the shareholders of the Company in due course.

glove share: kossan,harta,carepls share historical high..
top glove and supermax still sleep.

kossan :Gloves division
We expect a solid growth in both revenue and earnings for 2015 with additional 6 billion pieces of
gloves added after the full completion of our 2013 expansion where 3 plants have been built with 17
double-former high speed technological advanced production lines running in full force. This too,
have enlarged the Group’s annual production capacity to 22 billion pieces from 16 billion pieces. The
product mix of nitrile and natural rubber have also shifted to 70:30 from 57:43 previously. Our
production capacity despites added by 6 billion pieces and delivered to customers’ with confirmed
orders, the Management will kick start another phase of expansion within the next 6 months as new
orders are continue building up for various glove products.
Besides satisfying capacity needs of our customers, at Kossan, we aim to produce gloves for
maximum satisfaction and usage of our wide range customers. We emphasize on product innovation
at in-house R&D facilities, to develop new materials and specialised gloves to cater for some specific
applications. We will continue to place more efforts and resources on production process
improvements and automation, to improve product quality and overall efficiency aiming to reduce
head counts. We will build more new and modern production lines with high output combined with
high degree of automation to safeguard our highly competitive position in the challenging market
condition.
Barring any unforeseen circumstances, the Group is optimistic to deliver a better set of performance
in 2015.

careplus 0163 . glove share move faster

this week...only Quarter result ...nothing special...

No suprise.. Price wont move

1 us= Rm 3.64...

RM 3.00 stii hv long journey to go....

next move ....maybe Holland....haha

today ....dead water again

Next move rm 3.00

somebody collect supermax-cx today...

run.....

Harta today rm8.00... Supermax still dead water..2.21

Big boss support at 2.19..10000 lot... But nobody push..

rest for prepare next momentum...wait....

Not mh370 is rocket..

Today big support at 2.17

Glove manufacturers will see less downward margin pressure in 2015 due to a weaker ringgit arising from the decline in global oil prices, said Supermax Corp Bhd's CEO Datuk Seri Stanley Thai. Speaking at a media round table on the glove industry outlook organised by the Malaysian Rubber Glove Manufacturers Association (MARGMA), he said lower transport and logistics costs will help the glove players.
 "Our gloves will be more competitive and able to meet global competitiveness. Overall we're looking for a good year in 2015 for glove industry," he added. On average, earnings before interest, taxes, depreciation and amortization (ebitda) margin for the local glove manufacturers is about 20%.MARGMA has set a target of achieving a global market share of 65% for rubber gloves by 2020 from the current 58%. (Sun)
The Malaysian Rubber Glove Manufacturers Association (MARGMA) expects better earnings as long as crude oil prices remain low, an industry expert said today. "Latex is the main raw material for rubber gloves and nitrile gloves are made from crude oil by-product," said Supermax Corp Bhd executive chairman/group managing director, Datuk Seri Stanley Thai Kim Sim.
 Thai, one of the panel members, said this at a MARGMA's question-and-answer session. "If oil prices continue to drop to US$40 from the current US$50 per barrel, it will allow rubber gloves to be competitively priced," he added. (Bernama)

Yes... Buy before late

Very soon supermax will go to rm3

The government has decided to slash electricity tariff from March 1 to June 30, according to Energy, Green Technology and Water Minister Maximus Ongkili.

He said with the new tariff, users can save between RM13 and RM45 per month depending on usage.

The minister added that for the peninsular, the new tariff will see a reduction of 2.25 sen per kWh.

M'sian glove manufacturers aiming for 65% of global market share by 2020
By Charlotte Chong / theedgemarkets.com | February 11, 2015 : 4:18 PM MYT

KUALA LUMPUR (Feb 11): Malaysian Rubber Glove Manufacturers Association (MARGMA) expects Malaysian glove companies to achieve a global market share of 65% in all glove sectors by 2020.

MARGMA president Lim Kwee Shyan said Malaysian glove companies are currently contributing to about 58% of the global market.

Malaysia recorded a 6.4% growth in natural rubber gloves export by volume and 0.3% growth in synthetic rubber gloves export by volume for the first nine months in 2014, as compared with figures from 2013.

"The drivers for the growth of demand for rubber gloves come from requirements of nursing homes in advanced economies," he told reporters at the MARGMA media roundtable on the 'Rubber Glove Industry 2015 Outlook' today.

Meanwhile, there was a shift in the demand ratio of natural rubber and synthetic rubber gloves from 49:51 in 2013, to 53:47 in 2014, Lim noted.

However, Lim said this would not be the trend moving forward.

Supermax executive chairman and group managing director Datuk Seri Stanley Thai, who was also present, said the shift was caused by the drop in latex price.

"The ratio [of natural rubber and synthetic rubber gloves] will eventually be at 55:45, moving forward," added Thai.

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This is due to lower average selling price from declining raw material prices, more competitive selling price, and increase in electricity and natural gas cost. ....

From hartalaga result and commnentary, we can know how is the glove market now....

Commentary on Prospects and Targets
The global demand for nitrile rubber gloves continued to grow at a high rate of over 19% due mainly to switching momentum from latex to nitrile rubber gloves. This has spurred an increase of nitrile capacity by the industry which we are confident would be more than matched by strong nitrile glove demand. Furthermore, we do not expect price war as claimed by certain quarters as global demand growth continues to be strong. However, average selling price will be lower from declining raw material price and more competitive product selling price. The lower selling price and sustaining demand will support efforts to open new markets.

HARTALAGA 3Q RESULT
The Group's performance for the quarter under review and year-to-date versus the corresponding quarter and year-to-date of the previous financial year is as follows:
(a) The increase in revenue is basically due to increase in sales volume of 7%. The weakening of the Ringgit has mitigated the effect of lower average selling price from declining raw material prices and more competitive selling price.
(b) The operating profit margin reduced from 26.2% to 24.8% due to start-up expenses from NGC project, increase in electricity and natural gas cost.
The Group’s performance for the year-to-date versus the corresponding year-to-date of the previous financial year is as follows:
(a) The Group’s sales revenue increased by 1.7%. The increase in revenue is due to increase in sales volume.
(b) The operating profit margin reduced from 29.4% to 24.8% for the current year-to-date compared with the corresponding year-to-date of the preceding year. This is due to lower average selling price from declining raw material prices, more competitive selling price, and increase in electricity and natural gas cost.