Kk, u are very well researched... Wonder sg buloh plant already start refurbishing now?

kk, the bukit sentosa land, has it got any water pipe supply ready? else, it will face the same issue like Meru Klang

Serendah... hmm interesting... when superman build their plant in Serendah, they will be neighbours... and big ecosystem for glove supporting industries...

actually i always curious the glove manufacturers... we always talk about top 4.... becoz they are listed and we can see... those that are unlisted... like WRP and YTY... they are pretty big too right? If they are included, maybe they are also in contention with top 4... but nvm, it's the bursa we are talking about...

Charles makes most sense...

Sg buloh factory news... Less than 1percent revenue.. And insurance adjustor checking

doesn't matter on my view... my view is very long term... haha... like we discussed before with i3lurker, the extra opex spent maybe on equipment refurbishment... audited annual report will tell me info... wait for that in October only new comment...

haha, if you consider me insider, then it's probably the worst one... bcoz many other insiders already warned to sell... but who really cares, i'm just investor not trader... but i do research well...

Pang, they all have to wait 5 years for the patent to expire b4 can add amg additive into gloves...

re: pang, can we say that with AMG, topglove now also scared...? coz another game changer...

U can find some topglove gloves in some pharmacies... But not in huge volumes... Superman mostly indonesia..

Yah, malaysia gloves conquered by harta...

@highfive... Last time u asked about percent fnb will switch from vinyl... There is also new innovation in nitrile called transparent nitirle.. Think cranberries glove plus supermax have it... As alternative to vinyl... Lets wait that product...

Harta growth will come from india and china with their own brand... Not oem...

Our Finance minister Lim said companies can apply to offset income tax owed on the current year of assessment... so meaning, FY19 may see sudden bump in earnings due to the offset?

https://www.thestar.com.my/news/nation/2018/08/23/lim-apply-now-to-offset-income-tax-more-than-rm16bil-owed-to-taxpayers-over-the-years-says-finance-m/

midf's report previously http://www.midf.com.my/images/Downloads/Research/Equity/Supermax/Supermax-Two-Pronged-Approach-to-Propel-Growth-MIDF-260418.pdf
Capex
Block G, Taiping = RM58mil
Lot 38 Sg Buloh = RM70mil
Block F Kamunting = RM75mil
Plant 12, Klang = RM130mil
total capex = RM333mil...
But then again, they reemphasise capex on Block F Kamunting and Plant 12 Klang is RM205mil... so that would leave Block G Taiping and Lot 38 Sg buloh to a questionable either capex or opex... it looks like this QR is reflecting low depreciation, so no capex charged, but higher deferred tax liabilities... in opex charges...
But they will still need to charge capex RM205mil soon... which means depreciation of about RM10mil per quarter... which is reasonable... so maybe next year we should start seeing > RM10mil depreciation per quarter soon?

"Commercial production at the rebuilt plant of Block G, Taiping plant has commenced on 18 July 2018. The plant is expected to be fully operational by end-September 2018 with annual production capacity of 1.35 billion gloves." Full operational is Q4 2018... commencing could be just trial run etc... to make sure the settings (temperature, treatment etc) are are ok and the gloves performance is on par...

James, where do u get the date July 18 complete taiping plant? The qr said end september...

@i3, usually stock buy back is 5 days later after qr... End next week?

Can share link of ta report?

aiyo, i have some other ler... this one below 2 just leave it... topglov also got... all also low price...

this AGM no original director, can't do that to the new directors... must give chance...

but why superman choose so late only to upgrade their equipments, while others already running at 40k pieces per hour...

interesting, lets see the annual report...

ok, understand... so in other words, they don't really put as buy new equipment, but they do that as installation charges... something like leasing equipment instead of capitalise a new one...

i3, actually i still don't really understand... here it says "EBITDA neglects capital expenditures – a critical, ongoing cash outlay for almost every company." ... so why P&L need to book capital expenditures for equipment renewal? Operating expenditures is different from capital expenditures...

kk, you may be right too... in the qr statement... they have listed down the year assessment income tax refundable... ended in 2017... for 2018, since it's not yet end for assessment, it may not have listed down... but will see the audited annual report to find out more...

i3, thanks... i suspected that.. but until i see the annual report with consolidated account, we can only guess... operating expenses can be higher raw material prices, etc...

i3, i agree with you on the possible purchase of new equipments and charge under deferred tax liabilities instead of depreciation, but still looking at EBITDA, superman's operating cost has gone up by 30mil with no explanation... so something still to find out why... my thought is instead of charging depreciation, they charge deferred tax liabilities to make profit look better... else, charging depreciation will make profit look even worse...

re: i3, wish list only... like topglov, from 12.5, 30% down, it does a hammer.... superman 30% down from 4.4 is 3.08... so likely may get supported by the 3.00 number... 3.20 is the EMA50, so the number is just about there... lets see monday

my Korean friend sent me this site, the product can be purchased in many stores in Korea... and some reviews from the site too... https://m.blog.naver.com/PostList.nhn?blogId=cando1111&categoryNo=23&logCode=0&categoryName=%EC%95%84%EB%B2%A0%EC%98%A4%20%EB%A0%88%EC%95%8C%20%EC%B2%B4%ED%97%98%EA%B8%B0

3.20 is EMA50... do or die it will maintain above... maybe low just below 3, then rebound above 3.20 to close... - thor hammer...

I3lurker, do u mean deferred tax liabilities?

Charles is here... Hooray.. Finally can catch some value...

Of course senang cakap... Just cakap the lens comfortable or not... Nothing about profit..

Re: Calista, i share ur same view. Its very comfortable... It is penetrating korea market aggressively... Most pple can try for free.. Sonfar i have not seen bad reviews...

I3lurker, nolar, depreciation on pbt is only rm10mil. Does not seem new equipment... Ebitda also drop alot... Either somewhere operation cost is higher or they are giving free lenses as promotional items... Need wait more details in annual report.. Oct..

aiyo... 16cents X PE 20= RM 3.6... PE 25 = RM4...

re: cooling, who's margin call? KYY?

nolar... based on their QR report.. read their details...

New capacity october onwards...

Nolar pang, taiping decommisioned june to refurbish... That means they will have no capacity from there of 1 b pieces... Until after september capacity returns 1.35b. Likely next qr will see minus 1b capacity...

re: Wakarimas, not sure... whether the non-payable GST also they put in as operating expenses? But they have been quite aggressive on promotional items in Korea, brazil and US for contact lens... maybe there they decide to pump and charge more A&P this quarter considering the net profit last year quarter is so low, can easily beat... plus expand their branding... they shipped out contact lens to Japan, think it's for the IOFT introduction and officially introduce to Japan market..

re: trulyinvest, only will know when they release annual report

Me too... Cant understand... Likely confident of future earnings?... But remember this proposal announcement can go on 6 months b4 actually ex... Maybe details will be in annual report and agm?

If gst returns, qr is easily 20mil plus... Plus previous quarter will be 40mil with gst return... Plus last year income tax return many millions add to eps...

Another announcement... In bursa

Gst and income tax owed total > 30mil

Yearly profit / eps is the highest... Will stay above 3.6 previous ath... If pple avg cost less than 2 why bother in and out...

It dare to announce bonus means same as kossan earnings already meaning 40+mil net...