Posted by myinvestor > 2021-08-27 07:00 | Report Abuse

Posted by gentingfinish > Aug 27, 2021 1:36 AM | Report Abuse
Kossan higher profit than supermax without so called 'OBM' but has lower market capitalisation compared to supermax. Buy undervalued company not overvalued

The valuation of the company is based on NTA. Not just 1 qtr profit.
Kossan Nta:1.52
Supermx NTA:1.82

Anyway both of the stocks are undervalue based NTA valuation and billion profit

Posted by ket4212 > 2021-08-27 08:03 | Report Abuse

morning

Posted by Sales > 2021-08-27 08:18 | Report Abuse

Hrrypttr, why worry so much, if drop still making profit. How many stock can have this type of profit? Common is not 10 to 100 millions, even drop to 500 millions also still good.

Posted by xiaomixiaohai > 2021-08-27 08:18 |

Post removed.Why?

Posted by smurfbee > 2021-08-27 08:26 |

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Posted by wallstreetrookie > 2021-08-27 08:34 | Report Abuse

Supermax Corp Revise to Neutral from Underweight

The worst is probably over for glove companies due to concerns regarding the drop in ASP for gloves. We think that the future correction in glove's ASP has been fully priced in and therefore the downside risk has contracted. This presents a decent entry opportunity for investors to gain an exposure into perhaps the most profitable healthcare companies alongside TopGlove Corp. Both companies have spent a large portion of revenue on expansion and automation and we believe that this will allow the companies to fully capitalise on the next rise in glove demands.

Short term price target: RM3.8 Long term price target: RM6.4

Posted by ket4212 > 2021-08-27 08:35 | Report Abuse

good

Posted by krish52 > 2021-08-27 08:50 | Report Abuse

keep going. care the minority shareholders confidence at your heart. soon price to move north.

Posted by Bgt 9963 > 2021-08-27 08:51 |

Post removed.Why?

Posted by Mak_kiah > 2021-08-27 08:52 |

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Posted by EatCoconutCanWin > 2021-08-27 08:53 | Report Abuse

asp stable.. time to add

Posted by ket4212 > 2021-08-27 09:04 | Report Abuse

open green

Posted by lkoky > 2021-08-27 09:14 |

Post removed.Why?

Posted by LossAversion > 2021-08-27 09:16 | Report Abuse

@lkoky, if the scenario is gloomy, how come businessman Stanley is still putting money in investment? Who knows the business more than him?

Posted by Mak_kiah > 2021-08-27 09:16 |

Post removed.Why?

Posted by pjseow > 2021-08-27 09:18 | Report Abuse

Summary.of supermx performance

FY 2021 PAT 3.888 biliion ( YOY 739 %)
FY 2020 PAT 526 million ( YOY 424%)
FY 2019 PAT 124 million

No stock in.KLSE can give.such.fantastic growth rates of consecutive triple digits growth for 2 years.
The Earning yield for FY 2021 is a whopping 48 % based on the price of 3.08. In other words its PE ratio is 2.1. Total dividend for FY 2021 is 31.8 sen which give a Dividend yield of 10.3 % . The company has a Nett cash of 3.5 billions . Font you think the stock is undervalue.

Posted by Maridien2 > 2021-08-27 09:18 | Report Abuse

With more than 100,000 people in the hospital with Covid-19 in the US, this August is worse than last, expert says

More than 100,000 people are hospitalized with Covid-19 in the US -- the first time that level has been reached since January -- as medical workers say they're once again struggling to treat waves of patients.

The latest figure, amid a summer surge in Covid-19 cases driven by the highly transmissible Delta variant, is also more than double what it was on the same day last year, when vaccines were not available as they are now.

Posted by Maridien2 > 2021-08-27 09:20 | Report Abuse

12-hour wait in a Tampa emergency room

With 48.3% of the US still not fully vaccinated, hospitals are straining to keep up with incoming patients as cases rise. Florida has been hit particularly hard, with the worst per capita Covid-19 hospitalization rate in the country -- about 80 per 100,000 people. That's followed by Alabama, Mississippi, Georgia and Louisiana, each with more than 55 hospitalizations per 100,000 people, according to HHS data.

Posted by Mak_kiah > 2021-08-27 09:20 |

Post removed.Why?

Posted by Youngkid > 2021-08-27 09:20 | Report Abuse

No 5 bucks no sell

Posted by Maridien2 > 2021-08-27 09:22 | Report Abuse

US will see 100,000 more COVID-19 fatalities between now and December 1 to bring death toll to nearly 730,000, new model predicts

A new model from IHME predicts that an additional 98,000 Americans will die of COVID-19 between now and December 1 for a total of 727,949 deaths

The projection says deaths will rise from the current 1,100 per day to 1,400 per day by mid-September, then decline slowly

In an absolute worst-case scenario, IHME predicts there will be a total of 797,506 coronavirus deaths over the next 13 weeks

Posted by AlsvinChangan > 2021-08-27 09:27 | Report Abuse

With more than 100,000 people in the hospital with Covid-19 in the US, this August is worse than last, expert says

The gloves ASP is falling off the 14th floor

Posted by Maridien2 > 2021-08-27 09:34 | Report Abuse

More than 100,000 Americans are hospitalized with COVID-19 for the first time since January: Doctors say they've had to turn away patients as virus cases rose 138% in the last month

More than 100,000 Americans are currently hospitalized with COVID-19 for the first time since January. The 101,050 figure is a 147 % increase from the 40,791 patients who were hospitalized with the virus four weeks ago

On Wednesday, the U.S. recorded 148,143 cases of COVID-19 with a seven-day rolling average of 152,480, which is a 138% jump in the last month

Deaths also rose with 1,456 fatalities recorded on Wednesday and a seven-day rolling average of 1,100, a spike of 391% from the average seen 28 days prior

In New Mexico, 433 people are hospitalized with Covid, a figure not seen since February, and officials say the state is days away from reaching 'crisis standards of care' meaning doctors will have to decide who gets care

In Tennessee, 2,984 patients are hospitalized with COVID-19, a 319% jump from 712 one month ago, and hospitals say they have had to divert people to other medical centers

Oregon has a record-high 1,080 patients hospitalized and Gov Kate Brown announced the state is deploying 'crisis teams' of frontline workers to the hardest hit regions

Posted by AlsvinChangan > 2021-08-27 09:38 | Report Abuse

More than 100,000 Americans are hospitalized with COVID-19 for the first time since January: Doctors say they've had to turn away patients as virus cases rose 138% in the last month

Still use only WAN pair gloves for whole day

Posted by blackchicken > 2021-08-27 09:39 |

Post removed.Why?

Posted by Maridien2 > 2021-08-27 09:43 | Report Abuse

Sturgis Motorcycle Rally is blamed for 450% surge in COVID cases in South Dakota county after 700,000 roll through state

South Dakota is seeing Covid-19 cases skyrocket two weeks after about 700,000 people flooded Meade County for the 81st Sturgis Motorcycle Rally, a 10-day event that officials say was one of its biggest this year.

Covid cases in South Dakota rose from 657 on August 4 to 3,655 cases on August 25 following the 10-day Sturgis Motorcycle Rally that began on August 6

Meade County, where the event was held, is now reporting a 36% positivity rate

The event had no vaccine test requirements and no mask mandates

Posted by Sansing > 2021-08-27 09:49 | Report Abuse

Ayoyo ! NP is 3.9 B Long term above Rm 10 is I think is achievable , So hold tight folks!

Posted by lkoky > 2021-08-27 09:50 | Report Abuse

nowadays reporters choice of words is really interesting.

Supermx QoQ profit, lowered by 50m; than it is glove prices fallen off a CLIFF

when Genting M reported loss of -348m (losing streak of 6 qr), then it is revenue increased by >6 folds.

One report is overly pessimitic, another is super ecstatic.

Posted by Sansing > 2021-08-27 09:53 | Report Abuse

According to uncle KYY 's golden rule , strong must buy stock loh!

Posted by ooi8888 > 2021-08-27 09:54 | Report Abuse

didn't hear any dogs barkings this morning, surprising haha...

Posted by DJoker89 > 2021-08-27 09:55 | Report Abuse

Good timing to do SBB and further trigger foreign fund

Posted by DJoker89 > 2021-08-27 09:58 |

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Posted by AlsvinChangan > 2021-08-27 09:58 | Report Abuse

ASP are SPOT price walk in buy now price

SUPERMAX sales are preorder perbooking from few months back price very much higher than SPOT price walk in buy NOW price NO STOCK GOT i3 BOOK already

Posted by Stealth > 2021-08-27 10:01 | Report Abuse

ITS AVERAGING MORE THAN RM1B PAT THE PAST 3 QTRS!!. OTHER THAN GLOVE STOCKS, HOW MANY IN KLSE CAN BEAT THIS!!!

Posted by Stealth > 2021-08-27 10:11 |

Post removed.Why?

Posted by wallstreetrookie > 2021-08-27 10:13 | Report Abuse

Bursa index to hit 1,600 as foreign investors snap shares of local blue chip companies

Posted by blockofstone > 2021-08-27 10:13 | Report Abuse

supermax fly today
supermax-c2c can move?

Posted by Stealth > 2021-08-27 10:16 | Report Abuse

HARTA AND TOPGLOVE ARE INDEX LINKED.THEY WILL PROP IT UP!!!

Posted by King325462 > 2021-08-27 10:21 | Report Abuse

good sign for glove counter. break resistance. good news coming up!

Posted by Ryan83 > 2021-08-27 10:21 | Report Abuse

Glove demands keep increasing as winter season next few months....Supermax next 6 months capacity increase another 10 billions gloves to cope with higher demands

Posted by Goldberg > 2021-08-27 10:22 | Report Abuse

Intraday short selling suspension extended to end-2021- SC should suspend RSS as well.
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By NST Business - August 27, 2021

KUALA LUMPUR: The temporary suspension on intraday short selling (IDSS) and intraday short selling by proprietary day traders (PDT short sale) has been extended to December 31 this year.

The Securities Commission (SC) and Bursa Malaysia Bhd, in a joint statement last night, said accordingly, the temporary waivers related to proprietary day trading would also be extended to December 31.

The temporary suspension of IDSS and PDT short sale was introduced on March 24 last year to mitigate potential risks arising from heightened volatility and global uncertainties as a result of the Covid-19 pandemic.

The SC and Bursa said the decision to extend the suspension was made after careful consideration of the various initiatives currently undertaken to strengthen the control measures for intraday short selling activities in order to promote market stability and strengthen the integrity of the capital market.

These involved the ongoing enhancements to the exchange's trading system to improve the overall capacity and robustness of the Bursa Trade Securities 2 system, including the automated application of the "at-tick rule".

Under this rule, IDSS and PDT short sale orders will be at the prevailing best selling price or higher.

"The SC and Bursa Malaysia will continue to monitor developments affecting the capital market and take the necessary measures, to ensure a fair and orderly market as well as mitigate potential risks," they said.

Posted by Sansing > 2021-08-27 10:27 | Report Abuse

Why suspend loh! good for traders mah!

Posted by King325462 > 2021-08-27 10:28 | Report Abuse

3.4 today

Posted by tah16600 > 2021-08-27 10:31 | Report Abuse

4 bucks ,I think no problem short term, hoot now bro!

Posted by Anaconder > 2021-08-27 10:36 | Report Abuse

With this super profit, I think fund managers will start accumulating especially like JP Morgan, local fund managers etc ...

Posted by Stealth > 2021-08-27 10:36 | Report Abuse

IKOKY, YES,THEY CAN MAKE IT THE WAY THEY LIKE IT AND NOT THE WAY IT SHOULD BE!!

Posted by Rockers > 2021-08-27 10:40 | Report Abuse

Ayoyo ! buy now ,will get 150 bucks soon better than put in bank for 1 yr loh! I believe Bonus coming soon

Posted by Rockers > 2021-08-27 10:43 | Report Abuse

I think uncle KYY start buying leow!

Posted by Stealth > 2021-08-27 10:47 | Report Abuse

YES ROCKERS,AT CURRENT PRICE ITS ALMOST 5% IMMEDIATE RETURN FROM DIVIDEND!! AND MAYBE EVEN BONUS LATER ON!!

Posted by Goldberg > 2021-08-27 10:50 | Report Abuse

Supermax Corporation - FY21 Inline With Expectations

Date: 27/08/2021

Source : KENANGA

Price Target : 5.00

Price Call : BUY

Last Price : 3.20

Outlook.
Due to over-ordering over the past 15 months since the pandemic started, the market is currently undergoing a phase of inventory adjustment. The group highlighted in the quarterly result note that global glove prices have since dropped following the rollout of Covid-19 vaccines but does not expect glove ASPs to drop sharply due to the structural change in glove consumption from new customer segments.

Net cash as at 30 June 2021 stood at RM3.5b or RM1.29/share. According to Malaysian Rubber Glove Manufacturers Association, the global shortage of rubber gloves will last beyond 1Q 2022 with growth rate averaging between 15% and 20% per annum going forward.

The lead times suggest that CY22 demand will remain strong.

It is concurrently building five glove manufacturing plants, scheduled for completion progressively which will add 22.3b pieces in new capacity and raising total capacity to 48b pieces.