Posted by MoneyMakers > 2021-07-15 10:11 |

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Posted by monetary > 2021-07-15 10:14 | Report Abuse

1 shot only. not even 1 night stand.

Posted by MoneyMakers > 2021-07-15 10:14 |

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Posted by tah16600 > 2021-07-15 10:16 | Report Abuse

Aldy drop abt 72% from peak, strong n safe buy now

Posted by Benhobenhobenho > 2021-07-15 10:16 | Report Abuse

So many prophets of doom here, why eh

Posted by Youngkid > 2021-07-15 10:19 | Report Abuse

Slowly creeping up

Posted by Youngkid > 2021-07-15 10:24 | Report Abuse

I think RM 6 in medium term should not be a problem considering the company making huge profit / yr

Posted by MoneyMakers > 2021-07-15 10:25 |

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Posted by sinojab > 2021-07-15 10:25 | Report Abuse

@MoneyMakers People goreng based on case numbers but its testing numbers thats important
Coming QR will see lower profit, lower ASP, lower volume..all down
15/07/2021 10:14 AM!


MoneyMakers whatever you say Glove counters and Pharma are industries making money for the rest of this year and years after just too far to consider
Look at other sectors just SeeKialKial !

Posted by Timercheng > 2021-07-15 10:26 | Report Abuse

The shorties will be buried soon

Posted by Timercheng > 2021-07-15 10:29 | Report Abuse

Supermx making Billions per/yr bro! , just close your eyes n hentam kuat2

Posted by MoneyMakers > 2021-07-15 10:29 |

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Posted by MC33 > 2021-07-15 10:40 | Report Abuse

THe US is SuperMax s biggest market
Without FF and local funds , can we really expect any meaningful rebound ???
Having said that , lets all give the shorties a good run for their money .

Posted by ToneeFa > 2021-07-15 10:45 | Report Abuse

MM, Supermax is the biggest glove supplier to US now , taken over part of TG market share in US due to the CBP ban. Supermax as an OBM biz have enough profit margin to buy from other overseas OEM manufacturers to cover for any shortfall due to the EMCO shutdown in Selangor factories. So US glove supply probably not affected by our shutdown.

Posted by glovefinish > 2021-07-15 10:51 |

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Posted by WDCQ_I_am_legend > 2021-07-15 10:56 | Report Abuse

Factory will resume by next week

Posted by ToneeFa > 2021-07-15 10:58 | Report Abuse

Aunty GF, don't bore us with your outdated comments la. Come up with something more current and critical if you want to stay relevant as a naysayer here.

Posted by Start_0f_the_bull > 2021-07-15 11:01 | Report Abuse

Delta is spreading fast. Shorties go for hiding.

Posted by glovefinish > 2021-07-15 11:04 |

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Posted by ToneeFa > 2021-07-15 11:09 | Report Abuse

Ok all Supermax supporters and bag holders, according to Aunty GF(reading between the line), shortists are currently buying back to cover short positions at this low price. So pls hold tight tight and don't allow them to buy cheap cheap to cover their back side.

Posted by z5spyglass > 2021-07-15 11:10 | Report Abuse

Shorties kena bbq

Posted by Start_0f_the_bull > 2021-07-15 11:12 | Report Abuse

GF is here to kacau kacau only lah.

Posted by glovefinish > 2021-07-15 11:14 |

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Posted by MoneyMakers > 2021-07-15 11:18 |

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Posted by MoneyMakers > 2021-07-15 11:19 |

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Posted by glovefinish > 2021-07-15 11:22 |

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Posted by MoneyMakers > 2021-07-15 11:25 |

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Posted by imvu > 2021-07-15 11:32 | Report Abuse

senang buat duit , buy low hujung bulan jutawan .

Posted by MoneyMakers > 2021-07-15 11:32 |

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Posted by trendsetmind > 2021-07-15 11:37 | Report Abuse

oh no...spammers are back!

Posted by ToneeFa > 2021-07-15 11:38 | Report Abuse

Breakdown of daily cases on 14-7-21 , base on daily cases range to number of countries

>50k = 2
<10k - 50k> = 13
<5k - 10k> = 7
<1k - 5k> = 36
<100 - 1k> = 49
<100 = 63
- N/A = 52
--------------------------
Total = 222

These numbers will help us to understand the real global impact of Delta, which is more wide spread than previous variants.

Posted by lamdba > 2021-07-15 11:39 | Report Abuse

Singapore and UK are leading the way. These two countries are always the ahead of other countries. We are living with Covid!!
That means demand will only grow moving forward. Yes, ASP will drop but demand will grow!
Imagine, will you let your children goto school without masks? You go to clinic and get jab and the nurse wear no gloves?
New norm, new way of life. Masks and gloves are now necessities if you dont want to get Covid!

Buy low, sell high! Time to grab before big funds coming in again!

Posted by MC33 > 2021-07-15 11:48 | Report Abuse

UK covid death rate increased by42,2 % last 7 days compared to the previous 7 but it does look like their vaccination program is effecctive give that the daily average is over 20k .
In Malaysia the death rate is going into the hundreds , likewise Indonesia , but we dont really want to compare ourselves to Indonesia.
Sadly the Indon govt may well be better than the present bunch so-called Government in Malaysia

Posted by MoneyMakers > 2021-07-15 11:49 |

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Posted by MoneyMakers > 2021-07-15 11:50 |

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Posted by MC33 > 2021-07-15 11:51 | Report Abuse

Mmmmm Big funds wont be coming back any time soon.
They hate political uncertainty , just hope local funds but local banks are still advising to stay away due to risk-reward issues

Posted by MoneyMakers > 2021-07-15 11:53 |

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Posted by ToneeFa > 2021-07-15 11:59 | Report Abuse

Big funds will comeback when they sense that the glove supernormal profit will continue much longer and many other "recovery" biz will not do so well bcos the worst of pandemic is still in front.
Later when Supermax clinch the OGM deals and US expansion is confirmed to take off, then it will take the lead amongst the Big4. Imagine next year production capacity will double.

Posted by GloveShortDIE > 2021-07-15 12:09 | Report Abuse

MM and GF
- Losers
- Spammers
- MxtherFxxkers

Posted by ToneeFa > 2021-07-15 12:12 | Report Abuse

But meanwhile still need to take precaution and don't chase high, don't contra play, only long term players should nibble while the rest should just hold tight tight.

Posted by pjseow > 2021-07-15 12:15 | Report Abuse

We have been hearing a lot about supermx dual income streams which are manufacturing incomes and distribution incomes . We are more familiar with manufacturing incomes because the rest of the glove makers derive their incomes from manufacturing only.

I would like to do a reverse calculation so that we can estimate what is supermx Distribution ASP , Distribution Revenues , Distribution Profits and Distribution Margin for last qtr .

Supermx last Qtr Revenue was 1.938 billion, Profit was 1.080 billion , PAT margin was 55.7 % while its average ASP was US 87.15 ( Jan 84.6 , Feb 87.65 and March 89.2 ) .
Total shipment last qtr was 1938/87.15/4.1 = 5.42 billion pcs .
Total shipment to supermx own distributor = 5.42 x0.58 = 3.14 billions

Supermx stated that the ratio of last qtr mfg vs distribution profits was 65 : 35 .

That means manufacturing profit was 1080 million x 0.65 =RM 702 million
Since 58 % of gloves were sold to Supermx own Distribution Division and 42 % sold to Independent Distributors , the respective manufacturing profits were RM 407 million and 296 millions respectively.

The revenue for supermx manufacturing was 702 / 0.45 = 1.560 billions assuming mfg profit margin was 45 % ( Harta was 48 % while Kossan was 47 %) .

The mfg blended ASP was 1.560/5.42 /4.1 = US 70.2 per 1000 pcs

Note: Supermx Nitrile vs Latexx Ratio was 76 % : 24 %.

Hence the mfg revenue selling to Independent Distributors was 1560 x 0.42 = 655 millions .

Hence , The revenue for Supermx distribution Division was 1938 -655 millions = 1283 millions .

Distribution ASP = 1283/ 4.1/3.14 = US 99.7 per 1000

The Distribution profit last qtr was 1080x 0.35 = 378 millions

Hence the profit margin for distribution division was 378/1283 = 29.5 %

Total profits for Supermx gloves which sold through Supermx own Distribution Division was RM 407+378 millions = RM 785 millions

Hence nett margin for the 58 % sold direct to customers = 785/1283= 61.2 %.

THe nett nett profit margin = (61.2 x 0.58) + ( 45 x 0.42 ) = 55%

Summary

1. Supermx mfg blended ASP was US 70.2 per 1000
2. Supermx Distribution ASP was US 99.7 per 1000
3. Supermx Distributoion marked up was 99.7/70.2 =1.42 or 42 % marked up
4. Supermx Mfg profit margin was 45 %
5. Supermx Distribution margin was 29.5 %
6. Supermx overall profit margin was 55 %


Disclaimer : THe above calculation is not a buy or sell call . It is not for naysayers but strictly for supermx serious investors . I welcome civilised comments .

Posted by shybutter > 2021-07-15 12:16 | Report Abuse

Agree. Because the market still volatile

Anytime can go downtrend

But now still look good

Posted by ToneeFa > Jul 15, 2021 12:12 PM | Report Abuse

But meanwhile still need to take precaution and don't chase high, don't contra play, only long term players should nibble while the rest should just hold tight tight.

Posted by Billboard > 2021-07-15 12:16 | Report Abuse

Mmakers sorry to inform bad news for you as per news link below:
https://eminetra.com/the-best-time-for-jp-morgan-strategists-to-buy-asian-stocks/640517/

Posted by MoneyMakers > 2021-07-15 12:21 |

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Posted by MoneyMakers > 2021-07-15 12:22 |

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Posted by MoneyMakers > 2021-07-15 12:24 |

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Posted by MoneyMakers > 2021-07-15 12:25 |

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Posted by MoneyMakers > 2021-07-15 12:25 |

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Posted by Billboard > 2021-07-15 12:30 | Report Abuse

Mmakers u r going against JiP-- Morgon strategist

Posted by Billboard > 2021-07-15 12:32 | Report Abuse

Hi

https://eminetra.com/the-best-time-for-jp-morgan-strategists-to-buy-asian-stocks/640517/

Read to believe