SUPERMAX CORPORATION BHD

KLSE (MYR): SUPERMX (7106)

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Last Price

0.865

Today's Change

+0.015 (1.76%)

Day's Change

0.85 - 0.87

Trading Volume

3,079,900


100 people like this.

222,697 comment(s). Last comment by ket4212 3 hours ago

strattegist

23,459 posts

Posted by strattegist > 2021-07-14 17:38 | Report Abuse

closed green

MoneyMakers

7,656 posts

Posted by MoneyMakers > 2021-07-14 17:38 |

Post removed.Why?

MoneyMakers

7,656 posts

Posted by MoneyMakers > 2021-07-14 17:39 |

Post removed.Why?

ToneeFa

2,529 posts

Posted by ToneeFa > 2021-07-14 17:53 | Report Abuse

@imvu khamis / jumaat akan buat satu candlestick hijau limit up .
14/07/2021 5:29 PM

Now look at Covid TA more important. Any long green covidstick will guarantee Supermax will have long green candlestick.

ToneeFa

2,529 posts

Posted by ToneeFa > 2021-07-14 17:57 | Report Abuse

MM don't disappear when next QR out ok, U need to prepare ur kuku for chopping board and wear the MASSCARA.

pjseow

2,264 posts

Posted by pjseow > 2021-07-14 18:19 | Report Abuse

Toneefa, I bet he will disappear because his number is plucked from the sky. He himself is not confident with his numbers
That s why he was repeating it every few minutes trying to re assure for himself.

ToneeFa

2,529 posts

Posted by ToneeFa > 2021-07-14 18:40 | Report Abuse

Haha pjseow, i thought so too. This guy has no balls, and about to lose his kuku too. He kept repeating coz he knows his days are numbered. With 65sen/post, he is trying to earn as much of his nasi lemak money before too late. After the QR out he will disappear into thin air, maybe come back again with a different ID. If he got any dignity at all he should come back as MommyHomeMaker.

ket4212

619 posts

Posted by ket4212 > 2021-07-14 18:46 | Report Abuse

supermx have surprize

ToneeFa

2,529 posts

Posted by ToneeFa > 2021-07-14 18:48 | Report Abuse

https://www.straitstimes.com/singapore/health/41-new-covid-19-cases-in-spore-linked-to-ktv-cluster-including-passenger-on-dream?utm_campaign=stfb&utm_medium=social&utm_source=facebook&fbclid=IwAR3-OcKz0tyFxEFNruognCGvd8pk0vh5plpqh-yv-kbdrS_TShyYtOmtMmo

41 new Covid-19 cases in S'pore linked to KTV cluster, including passenger on Dream Cruises ship
------------------------------------------------
Singapore pre-opening special cluster. Ibelieve, pls take care if you read this.

Fong Kh

1,837 posts

Posted by Fong Kh > 2021-07-14 19:08 | Report Abuse

Kikiki jomo zai zomo

ToneeFa

2,529 posts

Posted by ToneeFa > 2021-07-14 19:17 | Report Abuse

Just ask him to retire and diam diam la

ket4212

619 posts

Posted by ket4212 > 2021-07-14 19:23 | Report Abuse

bad news

ToneeFa

2,529 posts

Posted by ToneeFa > 2021-07-14 19:34 | Report Abuse

Just give another donation is ok la.

Bullrunrun

971 posts

Posted by Bullrunrun > 2021-07-14 19:40 | Report Abuse

Tun M should just donate his salary away because he already a billionaire

Goldberg

2,914 posts

Posted by Goldberg > 2021-07-14 19:56 | Report Abuse

Windfall tax on glove makers will send wrong signal to investors: Tengku Zafrul
-----------------------------------------------------------------
Tengku Zafrul expressed optimism that Malaysia's 2021 gross domestic product (GDP) would grow within the range of 6.5 per cent to 7.5 per cent as projected by the government.

KUALA LUMPUR: The implementation of a windfall tax on glove companies that have benefited from the pandemic is a non-consistent policy which will a send a wrong signal to investors and shoo them away from investing in the country, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.

He said should the windfall tax be imposed, it would make investors think twice before investing in the country, or even opt to invest in the neighbouring countries like Vietnam and Singapore which do not impose such taxes.

"You can (impose such tax), but you might send a wrong signal, especially for an open economy like Malaysia," he told Bernama after appearing as a guest on Bernama TV's "Ruang Bicara” programme titled "Budget 2021 the Rakyat’s Victory” here Saturday evening.

Tengku Zafrul said policies have to be for the long term and not based on short-term gains.

Ibelieve

1,429 posts

Posted by Ibelieve > 2021-07-14 19:57 | Report Abuse

Tun suggested windfall tax to ALL kinds of companies that made profit, including his own companies Petron etc. But I would rather sokong Jibby's GST.

Posted by GloveShortDIE > 2021-07-14 20:01 | Report Abuse

Thanks to the one who delete MoneyMakers and gang 's posting,
their posts really get on my nerves

monetary

4,447 posts

Posted by monetary > 2021-07-14 20:32 | Report Abuse

check lazada n shopee nitrile medical glove price. they raised the asp alrdy.

pjseow

2,264 posts

Posted by pjseow > 2021-07-14 20:33 | Report Abuse

The government already get windfall taxes from the normal taxes when companies make more profits. Any company which make double , triple or 10 x profits , the government will get.double, triple or 10x more taxes correspondingly . How many windfall taxes the government wants ? How to draw the lines ? Company that make more than 1 billion.per year ? Then.many banks like Maybank , PBB will be subjected to this new additional " windfall " taxes beside the normal 25 % taxes. What message does the government want to send? Malaysia already had 68 % less FDI last year . Does our government want fewer companies to invest in M alaysia ? Will.Jomo.be responsible for lower FDI ?

ToneeFa

2,529 posts

Posted by ToneeFa > 2021-07-14 20:37 | Report Abuse

Yup, u can see more supporters coming back now. Most were annoyed and stayed away.

ToneeFa

2,529 posts

Posted by ToneeFa > 2021-07-14 20:37 | Report Abuse

Wow Indonesia today 54k+ cases. Today global cases should see new high

glovefinish

2,070 posts

Posted by glovefinish > 2021-07-14 20:42 |

Post removed.Why?

ToneeFa

2,529 posts

Posted by ToneeFa > 2021-07-14 20:44 | Report Abuse

@monetary check lazada n shopee nitrile medical glove price. they raised the asp alrdy.
14/07/2021 8:32 PM

The way Delta is ferociously infecting every country around the world, the medical gloves shortage will be so severe that ASP may rise even more than the previous waves. This time gloves will really be diamond.

glovefinish

2,070 posts

Posted by glovefinish > 2021-07-14 20:48 |

Post removed.Why?

ToneeFa

2,529 posts

Posted by ToneeFa > 2021-07-14 20:48 | Report Abuse

yup pjseow , good point, the scaring away FDI factor is critical. Gov't never lift a finger to help the glove makers, so shouldn't impose windfall tax. They impose windfall tax now, most glovemakers will shift out immediately.

glovefinish

2,070 posts

Posted by glovefinish > 2021-07-14 20:51 |

Post removed.Why?

Beary

1,553 posts

Posted by Beary > 2021-07-14 20:55 | Report Abuse

Luckily my investment fund is not exhausted yet.

Still have 41% remaining to average down.

Lol...

glovefinish

2,070 posts

Posted by glovefinish > 2021-07-14 20:59 |

Post removed.Why?

Posted by NatsukoMishima > 2021-07-14 21:00 |

Post removed.Why?

Beary

1,553 posts

Posted by Beary > 2021-07-14 21:09 | Report Abuse

Windfall tax is akin to killing the goose that lays the golden eggs.

They think the glove factories can only produce gloves in malaysia is it?

There are many other countries with abundant labor supply and better corporate tax rate which the companies can relocate to such as Indonesia, Thailand, Vietnam, Cambodia or even Bangladesh.

Another short term gain long term pain policy.

Can say goodbye to FDI lah.

Existing foreign investments may also want to consider moving out too if this windfall tax is implemented.

Only the banks have no choice lah cannot move anywhere hahaha...

sharemarket21

1,911 posts

Posted by sharemarket21 > 2021-07-14 21:13 |

Post removed.Why?

sharemarket21

1,911 posts

Posted by sharemarket21 > 2021-07-14 21:18 |

Post removed.Why?

Posted by Benhobenhobenho > 2021-07-14 21:24 | Report Abuse

U can't just impose windfall tax just because of this pandemic alone. Windfall tax is only imposed on commodity like palm oil, tin, rubber. Pandemics do not happen always n just temporary. Besides the glove companies had already donated millions to the covid fund last year n also they are among the biggest tax contributors to the country.

Posted by Benhobenhobenho > 2021-07-14 21:28 | Report Abuse

If one talk about windfall tax to be imposed, then how about banks, casinos n other institutions also made huge profits n why is it, the govt is not taxing them

sharemarket21

1,911 posts

Posted by sharemarket21 > 2021-07-14 21:33 | Report Abuse

This potential setback has been brought up months ago and it will haunt the stock and sector performance for ages. Another major hurdles CBP and first ever profit potential declination. Vaccinations rolling out fast and big players refused to take position. Don't underestimate these news. And of course like many here were so excited about the rising cases will lead to another potential world wide lock down ? That's the only bet you got here. Digest all these facts and make a good decision and conclusion.

mf

29,156 posts

Posted by mf > 2021-07-14 21:36 |

Post removed.Why?

glovefinish

2,070 posts

Posted by glovefinish > 2021-07-14 21:38 |

Post removed.Why?

ToneeFa

2,529 posts

Posted by ToneeFa > 2021-07-14 21:42 | Report Abuse

Its a ok to have the windfall tax but within reasonable rate, such as 5% on taxable income. on top of the 26% income tax.

ToneeFa

2,529 posts

Posted by ToneeFa > 2021-07-14 21:48 | Report Abuse

CBP issue would not affect Supermax. With the cases set to seriously rise around the world, glove shortage will become even more acute, therefore ASP may rise again, together with profit. Global vaccination is only around 20%, With newer more powerful variants popping up every 3 -4 months, vaccines would struggle to keep, so is global vaccination.

Principal

24 posts

Posted by Principal > 2021-07-14 21:48 | Report Abuse

windfall tax kah? ok fine....they may tax plastic packaging, logistic company, tech stock and tapao platform company because they earning a lot too.... oh ya....never forget serbadk....

pjseow

2,264 posts

Posted by pjseow > 2021-07-14 21:57 | Report Abuse

Our government had reduced the corporate tax from 28 % in the past to current 25 % so that malaysia remain competitive compared with other countries. If the government feel that the pandemic has impacted the collection.of taxes, it would be better to increase the tax % from 25 to 28 % just for this periods. Otherwise, it will be difficult to come up with guidelines which companies made windfall profits. Many electronic companies like inari , mpi , D &O, Greatech , plantations companies and banks also made record profits last year and possibly this year .These across the board increase in taxes will be fairer and more substantial . The setback will be negative perceptions by foreign funds . More funds might pull out from our already worst stock market in the world.

Principal

24 posts

Posted by Principal > 2021-07-14 22:02 | Report Abuse

so...when politician came out of idea of windfall tax....why must always implying glove?

glovefinish

2,070 posts

Posted by glovefinish > 2021-07-14 22:12 |

Post removed.Why?

Zrenxy

611 posts

Posted by Zrenxy > 2021-07-14 22:19 | Report Abuse

Supermax will announce special dividends before windfall tax...all investors aiming tomorrow

glovefinish

2,070 posts

Posted by glovefinish > 2021-07-14 22:32 |

Post removed.Why?

ToneeFa

2,529 posts

Posted by ToneeFa > 2021-07-14 22:35 | Report Abuse

I think u guys are a bit worked up over the old man's words and he is not even part of the Gov't cabinet. The FM has said windfall tax is not on the card. Even if the changed his mind, it may just a 5% windfall tax on all profitable sectors across the board, not just the glove co. The burden must be equally and fairly shared. You should not unfairly burden just a few companies by taxing them unreasonably, that is not a wise move that would have wider repercussion. A 5% windfall tax would be about similar to the 75mil donation paid out last quarter.

glovefinish

2,070 posts

Posted by glovefinish > 2021-07-14 22:43 |

Post removed.Why?

Posted by Benhobenhobenho > 2021-07-14 22:51 | Report Abuse

Why not tax the banks, casinos n other companies making huge profits like tobacco companies. Gloves companies as it is, already among the biggest contributors to the country economy by their huge taxes annually.

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