SUPERMAX CORPORATION BHD

KLSE (MYR): SUPERMX (7106)

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Last Price

0.85

Today's Change

+0.005 (0.59%)

Day's Change

0.84 - 0.86

Trading Volume

3,388,100


100 people like this.

222,691 comment(s). Last comment by 5231428 2 hours ago

Citadel12

1,045 posts

Posted by Citadel12 > 2021-08-13 14:21 |

Post removed.Why?

ToneeFa

2,529 posts

Posted by ToneeFa > 2021-08-13 14:21 | Report Abuse

@myinvestor More 98% USA is red zone.

https://www.msn.com/en-my/news/berita/zon-merah-covid-19-di-as-naik-mendadak/ar-AANggvp?ocid=msedgntp
13/08/2021 2:11 PM

I think the day of reckoning is drawing closer. As many medical expert have been predicting, the day of a new variant totally evading the current vaccines may be arriving soon. I predict that there may be more than 1. Perhaps one will rise in the West, another may come from the East.

pjseow

2,264 posts

Posted by pjseow > 2021-08-13 14:22 | Report Abuse

GOff, please dont talk nonsense and tell lies.

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by GlovesOff > Aug 13, 2021 2:12 PM | Report Abuse

pity ... now left last ambassador tonefahai to hold the fort ...


GlovesOff
1204 posts
Posted by GlovesOff > Aug 13, 2021 2:13 PM | Report Abuse

pjseow left all the trapped younglings here

Citadel12

1,045 posts

Posted by Citadel12 > 2021-08-13 14:23 | Report Abuse

ya then tunafa Kena this virus so share price can up

Citadel12

1,045 posts

Posted by Citadel12 > 2021-08-13 14:23 |

Post removed.Why?

GlovesOff

2,499 posts

Posted by GlovesOff > 2021-08-13 14:24 | Report Abuse

Is there double standard in CBP treatment of Supermax and Top Glove?

Source: savemalaysia

IT is an open secret that Top Glove Corp Bhd has been subject to forced labour related sanctions for more than a year by the US Customs and Border Protection (CBP) department.

On a similar note, one may wonder how come fellow Big-Four glove maker, Supermax Corp Bhd, is able to get away scot free for what one prominent migrant rights activist described as much more “blatant and systemic abuses of its very often irregular and captive foreign workforce, mostly from Bangladesh and Nepal”.

The question of the rationality and fairness in CBP’s approach in sanctioning Top Glove but failing to act on alleged abuses at Supermax follows its letter dated Feb 22 this year to migrant worker rights specialist Andy Hall following the latter’s complaint on the situation.

In the letter, CBP said the allegations and information provided by Hall about continued abuses he has documented for several years at Supermax was sufficient to merit a more detailed investigation.

The need for CBP to respond to the alleged abusive situation facing foreign workers at Supermax seems to have been given a higher relevance now following Hall’s findings – shared with FocusM – from his personal interviews with almost 60 deported Nepalese workers who recently returned to Kathmandu from various Supermax glove plants in Malaysia.

Almost all of these workers were irregular when departing Malaysia, holding expired visas for up to 15 months or more and allegedly having been blacklisted by the Malaysian authorities for up to 10 years on their departure through no fault of their own.

The workers alleged to Hall that they suffered systemic abuse during their years working at this leading Malaysian glove company which is one of the largest in the world and recently boasted of record profits.

GlovesOff

2,499 posts

Posted by GlovesOff > 2021-08-13 14:24 | Report Abuse

Hidden agenda

“It’s highly questionable how Top Glove remains subject to sanctions when despite all the evidence against Supermax, the CBP, CBSA (Canada Border Services Agency) and even the UK’s NHS (National Health Service) being a major buyers of the company’s gloves, have yet to take action against the company,” Hall told FocusM.

“Could this discriminatory approach by CBP be due to the fact that Supermax is such a large glove supplier to the US (and Canada, the UK and Europe) during the pandemic that they cannot sanction them due to the US’s consumptive needs for its gloves?

“Or is there some other political or hidden agenda at play? Whatever the reason, CBP cannot stay silent at this contrast in approach between two major gloves companies accused of forced labour.”

Hall lamented that despite having shared information on Supermax with Malaysian and international law enforcement authorities for so long, nobody has acted publicly to denounce this most disconcerting situation.

Some of the accounts of the Nepalese deported workers shared with Hall concerning their experiences while working at Supermax include:

17 months of almost total restriction of personal freedom of movement since March 2020 in the factory compound and living quarters. Many of the workers alleged they were held in their rooms for up to five months prior to departure due to their irregular visa and work status.

Worker’s personal ATM cards (and passcodes for these ATM cards) have generally been kept by Supermax staff since March 2020 and these staff withdraw a limited amount of money per month on behalf of the workers. Workers are then given whatever amount remains after a compulsory food provision amount is automatically deducted.

Security deposit of RM2,280 deducted from workers’ salary (at Maxwell plant) upon their arrival (RM120/month for 19 months) which was to be returned prior to their departure. But the workers did not get back their deposit back while their last one month salary is still pending payment to them.
More than 20 or up to 30 categories of fine or sanctions allegedly imposed on workers by the company with one worker even saying “we would be fined even for not walking straight."

Many workers ended up working for up to 11 years at Supermax. When questioned why they would stay so long in such an allegedly abusive situation, they claimed they could not change employer or their savings were inadequate to return home or to allow them to pay off their own and family loans.

In one positive note, workers reported reimbursement of previously paid recruitment fees over seven months amounting to around RM5,400 (RM18,000 for Bangladeshi workers) that had been paid in full after an external audit.
Very poor quality food but if workers complained, they would be fined (so they had to lie that the food was good).

During pre-COVID days, up to 200 workers were housed together in a large room but the number of workers in one room has been reduced to 100 to 150 workers in recent pandemic times (FocusM has seen video footage of the living quarters’ condition).

Workers consider a 12-hour work per day as their mandatory shift. However, two years ago, they had to work up to 14-15 hours per day and many could work every day in a month to get a RM30 incentive bonus.

Prior to its removal about one month ago, workers alleged only two toilet passes per department were accorded, forcing workers in extreme cases to urinate on the floor or be subject to a RM300 fine if caught going to the toilet without a pass.

Workers were charged for small personal lockers provided to them in their rooms which were not large enough to store their clothes which they strung out around their bunk beds subject to removal on inspection by management.
Poor medical assistance with workers having to pay themselves for better treatment (fellow workers donated for the treatment of one worker who lost his finger as they was no compensation forthcoming from the management).
If nails or hair are found to be long, they can be forcibly cut off with workers charged RM100 for the ‘service’. Wearing a watch was prohibited with a penalty imposed. – Aug 10, 2021

ToneeFa

2,529 posts

Posted by ToneeFa > 2021-08-13 14:25 | Report Abuse

@Citadel12 buy more or what?? just so ple question also can't answer??? blow how good how good but at the end no money to buy??
13/08/2021 2:09 PM

You should create another ID name Citadel-Gollum for urself? Really suits u la. Whatever Citadel-Gollum ask of me , I will answer.

Citadel12

1,045 posts

Posted by Citadel12 > 2021-08-13 14:26 |

Post removed.Why?

Citadel12

1,045 posts

Posted by Citadel12 > 2021-08-13 14:27 | Report Abuse

so many articles but u won't sailang before coming qr??? what's Ur logic??? Ur brain rosak??

Citadel12

1,045 posts

Posted by Citadel12 > 2021-08-13 14:28 |

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Citadel12

1,045 posts

Posted by Citadel12 > 2021-08-13 14:29 |

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ToneeFa

2,529 posts

Posted by ToneeFa > 2021-08-13 14:30 | Report Abuse

GlovesOff pity ... now left last ambassador tonefahai to hold the fort ...
13/08/2021 2:12 PM

Hei GOffokOff, U r another LPPL with MM. Don't even own one ticket, but everyday gate crashing in here.

ToneeFa

2,529 posts

Posted by ToneeFa > 2021-08-13 14:34 | Report Abuse

Hei Citadel-Yuck-ee, wowow. cool it with the drugs and alcohol mix. U sound like u r overdosing. Anyway, its Friday the 13th, so maybe u r lucky today u may be waking up in Holland later.

Citadel12

1,045 posts

Posted by Citadel12 > 2021-08-13 14:36 |

Post removed.Why?

DickyU

101 posts

Posted by DickyU > 2021-08-13 14:37 |

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DickyU

101 posts

Posted by DickyU > 2021-08-13 14:37 |

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Citadel12

1,045 posts

Posted by Citadel12 > 2021-08-13 14:37 |

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LossAversion

1,727 posts

Posted by LossAversion > 2021-08-13 14:38 | Report Abuse

Excellent quarter or financials seems to lose to sentiments!!!

Citadel12

1,045 posts

Posted by Citadel12 > 2021-08-13 14:38 |

Post removed.Why?

Citadel12

1,045 posts

Posted by Citadel12 > 2021-08-13 14:38 |

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GlovesOff

2,499 posts

Posted by GlovesOff > 2021-08-13 14:46 |

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ToneeFa

2,529 posts

Posted by ToneeFa > 2021-08-13 14:48 |

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GlovesOff

2,499 posts

Posted by GlovesOff > 2021-08-13 14:49 |

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GlovesOff

2,499 posts

Posted by GlovesOff > 2021-08-13 14:52 |

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Maridien2

1,084 posts

Posted by Maridien2 > 2021-08-13 14:52 | Report Abuse

I cannot tell u Supermax share price will go up or down next week but I can tell u Covid cases will definitely go up next week. Delta is not even the final boss, so better make sure u get vaccinated, stay at home and wash your hand. If u lazy to wash hand just wear glove when u go out.

DickyU

101 posts

Posted by DickyU > 2021-08-13 14:54 |

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Posted by Benhobenhobenho > 2021-08-13 14:56 | Report Abuse

The world is now a dangerous place with so many kinds of viruses n sickness

sharemarket21

1,911 posts

Posted by sharemarket21 > 2021-08-13 14:57 |

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myinvestor

1,219 posts

Posted by myinvestor > 2021-08-13 15:02 | Report Abuse

US now facing acute shortage of gloves in all all 50 states. No time to play forced labour. Gloves are needed for their health care workers. Cbp might release the withhold order for top glove anytime.

MoneyMakers

7,654 posts

Posted by MoneyMakers > 2021-08-13 15:12 |

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ToneeFa

2,529 posts

Posted by ToneeFa > 2021-08-13 15:17 |

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Posted by oldbeginner > 2021-08-13 15:18 | Report Abuse

Those staying here and curse here……either they lost a lot or they are waiting to collect them cheaper. Period

MoneyMakers

7,654 posts

Posted by MoneyMakers > 2021-08-13 15:21 |

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Posted by kennethkdw > 2021-08-13 15:27 | Report Abuse

i hold few gloves counter and i didnt even say a word.. those that do not hold any, keep speaking rubbish here.. sigh..what a wonderful world...

Posted by Sebastian78 > 2021-08-13 15:29 | Report Abuse

Slow and steady win the race ! Supermax boleh !

Citadel12

1,045 posts

Posted by Citadel12 > 2021-08-13 15:29 |

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Citadel12

1,045 posts

Posted by Citadel12 > 2021-08-13 15:30 |

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ToneeFa

2,529 posts

Posted by ToneeFa > 2021-08-13 15:34 | Report Abuse

@MoneyMakers Soo many misinfo b4 QR massacre..glovers must be really panic / shaking in their ripped underwear
13/08/2021 3:21 PM

Haha, MM u r a certified joker. No one can control what deep pocketed shortists want to do with their money. They can short all they want. But as long as the world still need a lot of gloves, Supermax shall continue to supply as much as possible within their capacities to save the world, and at same time earn as much RM as they can. If we small fry bilis can earn >15% div yield at this price, is considered very good alrdy. Better than keep in FD. I m only waiting for the dividend, not concerned about what the shortists gonna do with the share price.

Citadel12

1,045 posts

Posted by Citadel12 > 2021-08-13 15:35 |

Post removed.Why?

ToneeFa

2,529 posts

Posted by ToneeFa > 2021-08-13 15:38 | Report Abuse

@kennethkdw i hold few gloves counter and i didnt even say a word.. those that do not hold any, keep speaking rubbish here.. sigh..what a wonderful world...
13/08/2021 3:27 PM

Haha good one kennethksw...I like straight talker. Now u can see there are many worse pests in life than Covid.

Posted by nataliekoo > 2021-08-13 15:39 | Report Abuse

No worries, limit up soon !!!

myinvestor

1,219 posts

Posted by myinvestor > 2021-08-13 15:40 | Report Abuse

America is flying blind when it comes to the Delta variant
The Delta variant was first identified in the United States in April and by May it was well onto its exponential growth curve, doubling every 10-12 days, as the basis for Covid infections, now reaching over 96% prevalence. Ironically, on 1 May, the CDC announced it would stop monitoring post-vaccination breakthrough infections unless they led to hospitalizations or deaths

https://www.theguardian.com/commentisfree/2021/aug/09/america-is-flying-blind-when-it-comes-to-the-delta-variant

pang72

51,492 posts

Posted by pang72 > 2021-08-13 15:40 | Report Abuse

Another scary day for Malaysia.
Hope that new gomen can do better

pang72

51,492 posts

Posted by pang72 > 2021-08-13 15:42 | Report Abuse

Later, will hv magic show for glove counter

MoneyMakers

7,654 posts

Posted by MoneyMakers > 2021-08-13 15:52 |

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imvu

7,888 posts

Posted by imvu > 2021-08-13 15:58 | Report Abuse

yang belum ada akuan luno cepat buka akaun luno beli crypto . tahun depan confirm jutawan . crpto tak pening macam stock market .

ToneeFa

2,529 posts

Posted by ToneeFa > 2021-08-13 16:00 | Report Abuse

@MoneyMakers Tonee Welcome to hodl down to 65sen nxt year..nobody cares..just remember me when that happens
13/08/2021 3:52 PM

MM, don't talk so much, just get ur little weenie ready for the chopping board. After that, whenever u trying hard to pee, just remember me.

ToneeFa

2,529 posts

Posted by ToneeFa > 2021-08-13 16:05 | Report Abuse

@pang72 Later, will hv magic show for glove counter
13/08/2021 3:42 PM

Something is brewing. It could be a short trap this time.

ToneeFa

2,529 posts

Posted by ToneeFa > 2021-08-13 16:06 | Report Abuse

Somebody just wallop 1.2m shortist share at 3.10. Incredible!

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