Posted by riko > 2021-07-20 10:37 | Report Abuse

junior guy only looks at PE , professional one looks at debt/cash pile and expansion
after 2 years , no more supermax listed because company can buy back all the share at current price with its cash on hand.

Posted by planta > 2021-07-20 10:58 | Report Abuse

What we need to know is, glove is for prevention and vaccine is to reduce risk of infections. Both are needed but of course prevention is better than cure. Vaccine can reduce risk of hospitalisation but prevention remains here for these few years. My 2 cents
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Start_0f_the_bull Covid-19 cases surge. Which demand increases more, gloves or vaccines?

Posted by glovefinish > 2021-07-20 11:03 |

Post removed.Why?

Posted by riko > 2021-07-20 11:04 | Report Abuse

holiday nothing to do .... see the simple facts here.

latest FR:
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=213849&name=EA_FR_ATTACHMENTS

company cash pile : ~4B
company debt(long+short) : ~0.3B

Supermx Holdings Sdn Bhd : 38.26% , ~3.5B
Supermx Corp Bhd retained share : 102,980,727 x 3.39 = ~0.35B
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3126391

Supermx market capital : 9.2B

To take the company private without borrowing from Bank.

(9.2B + 0.3B) - (4.0B + 3.5B + 0.35B) = 1.65B

2 more quarters profit with contracted ASP , supermx is gone from Bursa !

Who care you even the ASP dropping to USD 25.

Posted by riko > 2021-07-20 11:06 | Report Abuse

bye bye ... talk 3 talk 4 is no used.

Posted by roadtomillionaires > 2021-07-20 11:07 | Report Abuse

@pjseow thanks for the clarification. Meaning to say the 2 weeks shutdown wont make a big impact as expected on their financial?




roadtomillionaires, the current supermx capacity is 26 billion per year or 6.5 billion per qtr . Previous qtr ( Jan to March), supermx shipped 5.4 billions pcs which was 80 % utilization. I presumed the last qtr ( April to June) shipment will be about the same or slightly higher due to June MCO with 60% workforce allowed. I understand currently supermx is still.operating.at 60 % with the lifting.of EMCO yesterday besides last 2 weeks shutdown .
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roadtomillionaires @pjseow hey mate, do you know what's the current production rate for Supermax during this MCO 3.0?
17/07/2021 11:15 AM

Posted by glovefinish > 2021-07-20 11:09 |

Post removed.Why?

Posted by pjseow > 2021-07-20 11:35 | Report Abuse

Roadmillionaires, The last qtr comprises April, May and June . I presumed April.and May were running full.production.without disruption. Only in June the MCO was implemented with 60 % production. Net net the full qtr utilization is abour 80 %.
The total shutdown was during.July EMCO which will affect subsequent qtr ( July to Sept).

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roadtomillionaires @pjseow thanks for the clarification. Meaning to say the 2 weeks shutdown wont make a big impact as expected on their financial

Posted by myinvestor > 2021-07-20 11:58 | Report Abuse

HONG KONG (Reuters) - Asian stocks were down early on Tuesday as growing fears the spreading Delta variant of the coronavirus would harm the global economic recovery sent riskier assets, including oil, skidding sharply.

MSCI's gauge of Asia Pacific stocks outside Japan fell as much as 0.29%, with Australia's S&P/ASX 200 down 0.39%.

Japan's Nikkei 225 hit a six-month low in early trade and widened the losses to 1.05%.

The Hang Seng Index opened 0.3% lower and China's benchmark CSI300 Index slid 0.7% at the start.

In Beijing, policymakers kept the benchmark lending rate for corporate and household loans unchanged at its July fixing on Tuesday, despite growing expectations for a cut after a surprise lowering of bank reserve requirements.

"The markets are clearly on risk-off mode," said Edison Pun, senior market analyst at Saxo Markets, adding that Wall Street's uptrend is weakening.

Stocks on Wall Street fell as much as 2% on Monday, with the Dow posting its worst day in nine months as COVID-19 deaths increased in the United States.

Riskier assets globally have come under pressure recently as many countries struggle to contain the outbreak of the fast-spreading Delta virus variant, raising fears that further lockdowns and other restrictions could upend the worldwide economic recovery.

"Despite the vaccine rollout, markets do not appear to be learning to live with COVID-19," ANZ analysts wrote in a note to clients.

"Sentiment appears to have shifted, at least for the moment, to a persuasion that growth and earnings expectations may be overdone," they said, noting that risk-averse investors were bailing out of commodities.


DJ index -725.
Hang Seng -306

Posted by pjseow > 2021-07-20 12:59 | Report Abuse

https://www.aljazeera.com/economy/2021/7/19/covid-variant-fears-spook-traders-sending-stocks-lower

Posted by planta > 2021-07-20 13:05 | Report Abuse

Possibility of diversifying business portfolio is high with this huge cash in hands. Your below statement is assuming glove companies stay as it is after 2 years.

Plus, health awareness will be high for next 2 years. Demand definitely will offset the ASP drop. But of coz don’t expect ASP go back to peak like previously.
====================

glovefinish After two years, the price would be much lower, it won't be at current price. Thus if company buy back all its shares after two years would be at much lower price and not at current price. Then if u all holding the stock until that time would suffer substantial loss.

Posted by ToneeFa > 2021-07-20 14:52 | Report Abuse

Global stock coming rout is fueled by fear of global stagflation ie high commodity inflation combined with Covid stagnation. Going forward, only safe haven sector is healthcare. Hospitality will face serious collapse. Not sure if even Genting can survive this Delta and subsequent variant waves.

Posted by UPlanet > 2021-07-20 16:29 | Report Abuse

12,366.

Posted by haha1234 > 2021-07-20 17:16 | Report Abuse

klci tmr dk will green or red

Posted by MoneyMakers > 2021-07-20 18:15 |

Post removed.Why?

Posted by linheng > 2021-07-20 18:39 | Report Abuse

Ya kah. Hope you are right. Will buy more.

Posted by ToneeFa > 2021-07-20 18:46 | Report Abuse

MM, pls ask the shortists to quickly get out also and don't come back anymore. Why the still keep 66mil inside Supermax? ask them to foff la.

Posted by ToneeFa > 2021-07-20 18:56 | Report Abuse

@Slc1 From John Hopkins

Reduced counts in U.S. cases and deaths are the result of states and territories not reporting the information for some or all of the weekend. Those states and territories are: Alabama, Alaska, Arkansas, Colorado, Connecticut, District of Columbia, Florida, Georgia, Guam, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Massachusetts, Michigan, Minnesota, Mississippi, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North Carolina, Northern Mariana Islands, Oklahoma, Rhode Island, South Carolina, South Dakota, Tennessee, Utah, Vermont, U.S. Virgin Islands, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.
20/07/2021 9:37 AM

Looks like not only US is under reporting, many other countries are doing it by reducing testing as well, so that politically the Gov't looked better, as if they are carrying out a good job. Problem with Covid is, the more u hide the bigger the explosion will be later.

Posted by MoneyMakers > 2021-07-20 20:06 |

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Posted by MoneyMakers > 2021-07-20 20:08 |

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Posted by MoneyMakers > 2021-07-20 20:13 |

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Posted by 5231428 > 2021-07-20 20:24 | Report Abuse

The whole world markets are panicking as the covid ramping up, out of control.

Posted by MoneyMakers > 2021-07-20 20:33 |

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Posted by Bgt 9963 > 2021-07-20 20:48 |

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

Tomorrow supermax will fly

Posted by ToneeFa > 2021-07-20 21:28 | Report Abuse

Dow tumbles 700 points will pull down KLCI - Koon Yew Yin

Covid cases have rebounded in the U.S. this month, with the delta variant spreading among the unvaccinated. The U.S. is averaging nearly 26,000 new cases a day in the last seven days through Sunday, up from a seven-day average of around 11,000 cases a day a month ago, according to CDC data. Cases were already flaring up around the world because of the delta variant.

Malaysia: Malaysia has a total of 928,000 Covid 19 cases and 7,148 deaths. These 2 figures are still surging. The 7 day average cases is 11,809 cases. Last September last year started to have Covid 19 cases as shown on the chart below.
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So it takes DJ drop to wake KYY up. Had he read our postings here he would have woke up much earlier.

Posted by ToneeFa > 2021-07-20 21:43 | Report Abuse

https://edition.cnn.com/videos/health/2021/07/19/monologue-bolduan-covid-19-fauci-smoldering-outbreak-vaccinations-delta-ebof-vpx.cnn/video/playlists/coronavirus/

Fauci warns about 'smoldering outbreak' of Covid-19 without vaccinations

Posted by ToneeFa > 2021-07-20 21:47 | Report Abuse

https://edition.cnn.com/2021/07/20/politics/covid-reality-check/index.html

A day of reckoning shows America's pandemic battle is sliding backward
"If we don't get a significant proportion of these recalcitrant people vaccinated, you're going to be seeing a smoldering of this outbreak in our country for a considerable period of time," Dr. Anthony Fauci, the government's top infectious diseases expert, told CNN's Kate Bolduan on Monday.

Posted by pjseow > 2021-07-20 22:47 | Report Abuse

Toneefa, kyy may start buying.supermx again. haha.
----------------------------------------
So it takes DJ drop to wake KYY up. Had he read our postings here he would have woke up much earlier.
20/07/2021 9:28 PM

Posted by MoneyMakers > 2021-07-20 22:48 |

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Posted by MoneyMakers > 2021-07-20 22:49 |

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Posted by MoneyMakers > 2021-07-20 22:54 |

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Posted by Bullrunrun > 2021-07-20 22:58 | Report Abuse

Level 4 tomorrow

Posted by ToneeFa > 2021-07-20 23:31 | Report Abuse

@pjseow Toneefa, kyy may start buying.supermx again. haha.
20/07/2021 10:47 PM

Ya pjseow, not surprising. He had written Supermax off with his last sermon, followed by 3 eulogies. After that he held monthly memorial services for glove counters in general. Maybe now he is thinking of proclaiming Supermax resurrection soon, 3 months after his last eulogy.

Posted by ToneeFa > 2021-07-20 23:33 | Report Abuse

MM, tell your shorty bosses to get out while they still can, coz later nobody want to sell their tickets cheap anymore.

Posted by ToneeFa > 2021-07-20 23:53 | Report Abuse

The 2 biggest glove markets US and UK will need to prepare with record gloves stock pile for the huge Delta tsunami about to hit them. US ain't buying from China and TG. Maxter Healthcare Inc would need to play a bigger role to meet the US huge glove demand.

Posted by imvu > 2021-07-21 05:28 | Report Abuse

hujung bulan jutawan .

Posted by xiaomixiaohai > 2021-07-21 07:14 |

Post removed.Why?

Posted by imvu > 2021-07-21 08:21 | Report Abuse

open gap up limit up .

Posted by Maridien2 > 2021-07-21 08:26 | Report Abuse

Israeli government says Pfizer's COVID-19 vaccine provides 'significantly LESS' protection against the Indian 'Delta' variant than health officials had hoped.

Israel says the Pfizer-BioNTech COVID-19 vaccine is 'weaker' against the Indian 'Delta' variant and provides 'significantly less' protection than hoped.

The country, which once led the world in the vaccine race, said new data show the two-dose shot provides just 64% protection against infection.

The variant now makes up more than 80% of all samples sequenced in Israel as it deals with a surge in cases.

Prime Minister Naftali Bennett also addressed the crises in the UK and the US, which have seen new cases reach 50,000 and 26,000, respectively.

Posted by MoneyMakers > 2021-07-21 08:27 |

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Posted by MoneyMakers > 2021-07-21 08:27 |

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Posted by Bgt 9963 > 2021-07-21 08:32 |

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Posted by UPlanet > 2021-07-21 08:36 | Report Abuse

41,768, US recent new high?

Posted by imvu > 2021-07-21 08:37 | Report Abuse

sekarang harga dekat ekor bawah @ area bottom untuk minggu ni .
ada 3 hari lagi untuk buat body candlestick hijau limit up .

Posted by glovefinish > 2021-07-21 09:24 |

Post removed.Why?

Posted by Ryan83 > 2021-07-21 09:27 | Report Abuse

Hartalega undervalue at current price level https://youtu.be/ElsOToQM5Yc

Posted by imvu > 2021-07-21 09:27 | Report Abuse

sekarang glove sedang rebound , hujung bulan sama sama jadi jutawan .

Posted by Maridien2 > 2021-07-21 09:33 | Report Abuse

Delta variant is the real killer compare to original Wuhan variant. Many people still unvaccinated around the world. Even if vaccinated with 2 doses Pfizer only 60% efficacy according to Israel scientist. Delta variant already mutated to Delta Plus so the situation will only get worst not better.

Posted by glovefinish > 2021-07-21 09:35 |

Post removed.Why?