SUPERMAX CORPORATION BHD

KLSE (MYR): SUPERMX (7106)

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Last Price

0.84

Today's Change

-0.01 (1.18%)

Day's Change

0.835 - 0.85

Trading Volume

669,300


100 people like this.

222,681 comment(s). Last comment by Endgame 1 day ago

MoneyMakers

7,647 posts

Posted by MoneyMakers > 2021-10-14 14:05 | Report Abuse

Slow day stuck boring range..zigzag down nicely while waiting for Nov/Dec QR massacre

Timercheng

733 posts

Posted by Timercheng > 2021-10-14 14:29 | Report Abuse

Current price is a no-brainer buy stock

tah16600

2,646 posts

Posted by tah16600 > 2021-10-14 14:36 | Report Abuse

The operators r marking time loh!

skyu

2,497 posts

Posted by skyu > 2021-10-14 14:38 | Report Abuse

getting more intensify rhe selling pressure , no sign of technical rebound

tah16600

2,646 posts

Posted by tah16600 > 2021-10-14 14:49 | Report Abuse

Rebound anytime, hold tight

skyu

2,497 posts

Posted by skyu > 2021-10-14 14:51 | Report Abuse

hope u are right

Sansing

1,028 posts

Posted by Sansing > 2021-10-14 14:53 | Report Abuse

Too cheap to be ignore

CoolBull

3,675 posts

Posted by CoolBull > 2021-10-14 14:54 | Report Abuse

well, malaysian kabinet gagal #2 (recycled waste product from kabinet gagal #1) is taking a helluva big risk opening up & loosening up everything when daily infection rate is still in high 4 digits

Posted by Knm_bottomed > Oct 11, 2021 12:53 AM | Report Abuse

https://m.theepochtimes.com/mkt_breakingnews/china-prepares-for-possible-large-scale-covid-19-outbreak-leaked-ccp-documents_4041025.html/amp?__twitter_impression=true

Get ready for big Delta wave. 100k cases a day for Malaysia possible!

Posted by Jason85 > Oct 11, 2021 1:20 AM | Report Abuse

Wtf 100k case?

CoolBull

3,675 posts

Posted by CoolBull > 2021-10-14 14:55 | Report Abuse

when israel opened up & loosened up everything in march 2021, they had already achieved 16 infections per day

by september 1, they had climbed back up to 10,000 infections per day

when singapore opened up & loosened up everything in may 2021, they were already on 2 digit infections per day

on saturday 9 october 2021, they had climbed back up to record high 3,703 infections per day

CoolBull

3,675 posts

Posted by CoolBull > 2021-10-14 14:55 | Report Abuse

so you think MARGMA is a bullkrapping fearmongering association, just like shorting cartel boys & girls gang la

can simply be spouting bullkrap out of their arrse just like you all for the media to publish la

okay la, whatever you say la hor, everything you say must be correct la

hor

Posted by Snowpiercer > Oct 9, 2021 9:58 AM | Report Abuse

Who are members of MARGMA? Sure say got shortfall. The fact i think it's not. And such a low tech industry, low barrier to entry, no competitive advantage.

CoolBull

3,675 posts

Posted by CoolBull > 2021-10-14 14:56 | Report Abuse

Rubber glove industry lobbying for special reinvestment allowance in Budget 2022

https://www.theedgemarkets.com/article/rubber-glove-industry-hopes-reinvestment-allowance-budget-2022

CoolBull

3,675 posts

Posted by CoolBull > 2021-10-14 14:57 | Report Abuse

yep, precisely, the frontliners always gonna be there

Posted by Starship2 > Oct 10, 2021 2:08 PM | Report Abuse

Gloves are usually one-time use product..My feeling is even covid becames "endemic", fear of contacting the disease, especially for medical staff will always be there...and using them is also hygenic...So the practice of using gloves that peaked due to covid will not decrease very quickly in my view.....

oskchoon

3,186 posts

Posted by oskchoon > 2021-10-14 14:57 | Report Abuse

Shorties is helping genuine ppl investors to buy cheap undervalued Supermax shares in the open market whereas Kenanga research house TP is RM 2.35...

oskchoon

3,186 posts

Posted by oskchoon > 2021-10-14 15:01 | Report Abuse

Whether Glove ASP is dropping fast, this in turn will allowed Glove Buyers to order more stock from Supermax and its cash pile of RM 1.30 per share will allow Supermax to acquire smaller Glove company at bargaining prices...

Sansing

1,028 posts

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

Supermx is the best profit growth prospect among the Top 4

MoneyMakers

7,647 posts

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

Yup really no brain buy current price..anytime can drop 10sen

Posted by ThePowerOfGlove > 2021-10-14 15:08 | Report Abuse

shorting gang spend every hour of their life awake dissing gloves, badmouthing gloves, attacking gloves, talking gloves down, in order to drag glove stock price down further

Posted by ThePowerOfGlove > 2021-10-14 15:09 | Report Abuse

RSS shorting is destructive & damaging to Bursa

Posted by ThePowerOfGlove > 2021-10-14 15:09 | Report Abuse

That is why RSS shorting gang gonna be banned soon

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

RSS shorting ban in the pipeline

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

RSS shorting not gonna last for very long more under new administration, gonna be banned soon, if not under pm9 then under pm10

Posted by ThePowerOfGlove > 2021-10-14 15:11 | Report Abuse

Gloves Big 4 are collectively a significant source of tax revenue for govt of Malaysia

So govt will be defending the interests of Gloves Big 4 & also other glove firms in general, including defending their stocks from the indiscriminate attacks & destruction & devastation from RSS shorting gang

Posted by ThePowerOfGlove > 2021-10-14 15:11 | Report Abuse

shorting gang are not really concerned at all about us losing our money, that line of talk is just simply their complete bullkrapping

they're really only concerned with themselves losing their money, when their desperate pathetic bullkrapping fearmongering does not work on us any more & they fail to drag down the stock price further

Maridien2

1,084 posts

Posted by Maridien2 > 2021-10-14 15:11 | Report Abuse

Shorties no balls to press down to below 2, somemore want to talk 65sen really brainless mf.

Posted by ThePowerOfGlove > 2021-10-14 15:12 | Report Abuse

So, once suspended, RSS should not be reinstated until Bursa is in crazy gila insane hyperbull mode again

MoneyMakers

7,647 posts

Posted by MoneyMakers > 2021-10-14 15:20 | Report Abuse

Need patience 65sen (prepandemic price) is marathon..not sprint

MoneyMakers

7,647 posts

Posted by MoneyMakers > 2021-10-14 15:22 | Report Abuse

Profit growth all old story..now is profit shrink

TG (3x supermx capacity) only make 600Mil profit (expected going lower)..can guess how small supermx future profit will shrink

Larn

280 posts

Posted by Larn > 2021-10-14 15:30 | Report Abuse

ayoo...bring down price quickly la...now only marathon mode ka..b4 this so quick bring down from 7,6,5,4,3...now only marathon race..

lousy lousy..make it drop quickly laa..everyday say glove business no hope..
but still price cannot go 65sen...faster2 laa

Larn

280 posts

Posted by Larn > 2021-10-14 15:32 | Report Abuse

if like this this up 2,3 sen..drop 2,3 sen...when price 65sen can get..
shorties...can make money or not...

Youngkid

298 posts

Posted by Youngkid > 2021-10-14 15:32 | Report Abuse

No RM 2 no buy

Larn

280 posts

Posted by Larn > 2021-10-14 15:35 | Report Abuse

glove business no hope..ASP pre prependemic..china glove cheaper..covid endemic no more pendemic..what else excuse shortise have after this...

still price cannot get 65sen...lousy super lousy...

Larn

280 posts

Posted by Larn > 2021-10-14 15:37 | Report Abuse

after all those drama concert with IB + dumb directors selling cheap to shorties..
still cannot get price down to 65sen..

shorties dumb dumb...

Larn

280 posts

Posted by Larn > 2021-10-14 15:41 | Report Abuse

everyday waiting and dreaming price to breakdown to 65sen.....forever dreaming..

kura-kura shorties..super slow

MoneyMakers

7,647 posts

Posted by MoneyMakers > 2021-10-14 15:56 |

Post removed.Why?

Larn

280 posts

Posted by Larn > 2021-10-14 15:59 | Report Abuse

ayoo..waiting make you crazy bro

Larn

280 posts

Posted by Larn > 2021-10-14 16:00 | Report Abuse

2,3sen up...only crazy will exit

Larn

280 posts

Posted by Larn > 2021-10-14 16:02 | Report Abuse

shorties..your borrowing terms how long..1+1 year ka...haha

Larn

280 posts

Posted by Larn > 2021-10-14 16:06 | Report Abuse

at this rate 2,3sen...you not even breakeven on daily transection

Larn

280 posts

Posted by Larn > 2021-10-14 16:12 | Report Abuse

waiting impatiently 65sen promisee...

MoneyMakers

7,647 posts

Posted by MoneyMakers > 2021-10-14 16:13 | Report Abuse

Last time give chance exit higher @ 3/4/5/6/7 dont want..now dont complain soo much

MoneyMakers

7,647 posts

Posted by MoneyMakers > 2021-10-14 16:13 | Report Abuse

Since dont intend to exit at current range (loss too big), better just delete app no need see price everyday

Price range getting lower&lower every week making new low

Lam LH

300 posts

Posted by Lam LH > 2021-10-14 16:14 | Report Abuse

cash holding already worth 1.40. forsee the next 2 qr good profit and the cash value will reaches around 2.30

Maridien2

1,084 posts

Posted by Maridien2 > 2021-10-14 16:23 | Report Abuse

Ya Lam is spot on. Cash is king, with huge cash war chest can do alot of things. Expand, Diversify, Acquisition.

oskchoon

3,186 posts

Posted by oskchoon > 2021-10-14 16:47 | Report Abuse

Cash is King, I prefer RSS Shorties keep on pushing down the Supermax share prices, so that we can easily buy undervalued and cash rich company at very low price, the dividend yield will be higher when share prices are low, since Supermax have Glove venture in US, it will have strong profit growth eventhough ASP is lower, thus will also bring down the raw material costs for Glove production...

Larn

280 posts

Posted by Larn > 2021-10-14 16:53 | Report Abuse

yes...65sen spmx..95sen tg..would be dream combo dividen company

oskchoon

3,186 posts

Posted by oskchoon > 2021-10-14 16:59 | Report Abuse

Hahaha, those useless RSS Shorties today again failed to bring down the Share prices unless ppl are selling, but who will sell a Jewel company with RM 3.7 billion cash in money market plus current ratio is 2.62 times, it means what ever the ASP prices, Supermax will continue to make profit in the coming quarter...

MoneyMakers

7,647 posts

Posted by MoneyMakers > 2021-10-14 17:00 | Report Abuse

Cash all gone 4 US factory..no cash 4 shareholder div = no use to share price

MoneyMakers

7,647 posts

Posted by MoneyMakers > 2021-10-14 17:01 | Report Abuse

Stuck boring range..soo fast almost mid-Oct/weekend..another day closer to Nov/Dec QR massacre

oskchoon

3,186 posts

Posted by oskchoon > 2021-10-14 17:04 | Report Abuse

MoneyMakers, with due respect, pls be informed Supermax have only business partners in USA, but no confirm plan to built factory yet, may be set up distribution agents in USA...

MoneyMakers

7,647 posts

Posted by MoneyMakers > 2021-10-14 17:22 | Report Abuse

Aiyoyo Osk Go read QR alrdy specify spending 3.6Bil on US factory/capex

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