Posted by Sneakpeek > 2021-10-21 09:40 | Report Abuse

Actually how big is spermax market in US?

Posted by GlovesOff > 2021-10-21 09:42 | Report Abuse

factory/expansion still on ke?
*************
Sneakpeek Actually how big is spermax market in US?

Posted by Rockers > 2021-10-21 09:43 | Report Abuse

Panic selling in the making

Posted by skyu > 2021-10-21 09:43 | Report Abuse

bad bet

Posted by investmalaysia7777 > 2021-10-21 09:43 | Report Abuse

Safest glove counter to buy is harta if you want to invest in glove sector. forget about supermax. much overvalue

Posted by oskchoon > 2021-10-21 09:44 | Report Abuse

Supermax shares dropping have caused the top 7 Glove counters to drop but I believe EPF, GLCs and Foreign funds will starts to accumulate the top 7 Glove counters shares due to their strong cash position with continuous profit margins as USA and Europe are being attacked by new varient of Covid-19 virus, subsequently the global Glove demands will remains...

Posted by Rockers > 2021-10-21 09:46 | Report Abuse

Margin call triggers this morning n kaki contras kena roasted

Posted by stingray_ea > 2021-10-21 09:48 | Report Abuse

pecah 2

Posted by stingray_ea > 2021-10-21 09:49 | Report Abuse

4 cents to go below 2...

Posted by NatsukoMishima > 2021-10-21 09:50 | Report Abuse

How about kossan n harta ?? Next target ??

Posted by tah16600 > 2021-10-21 09:50 | Report Abuse

Don't play2 loh! with shorties

Posted by gohkimhock > 2021-10-21 09:52 | Report Abuse

if you treat your workers good, people will respect you. Workers are just like assets to an organization.

Posted by cheeseburger > 2021-10-21 09:52 | Report Abuse

so US company has no forced labor issue..i see

Posted by Timercheng > 2021-10-21 09:55 | Report Abuse

I think today could be the final flush out before the start of new trend

Posted by investmalaysia7777 > 2021-10-21 09:55 | Report Abuse

you go and tell US this la lol

Posted by DJoker89 > 2021-10-21 09:55 |

Post removed.Why?

Posted by investmalaysia7777 > 2021-10-21 09:55 | Report Abuse

@oskchoon, you believe?? hahaha

Posted by masterus > 2021-10-21 09:55 | Report Abuse

Supermax over forced labour claims
KUALA LUMPUR – Supermax Corp Bhd is the latest Malaysian company to have its products barred from entering the United States over allegations of forced labour.

The US Customs and Border Protection (CBP) today issued a withhold release order (WRO) against Supermax and its subsidiaries – Maxter Glove Manufacturing Sdn Bhd, Maxwell Glove Manufacturing Bhd and Supermax Glove Manufacturing Sdn Bhd.

Posted by masterus > 2021-10-21 09:56 | Report Abuse

The order is based on “information that reasonably indicates their use of forced labour and manufacturing operations”, CBP said in a statement.

It added that it identified 10 of the International Labour Organisation’s indicators of forced labour during its investigation.

Federal Statute 19 U.S.C. 1307 prohibits the importation of merchandise produced, wholly or in part, by convict labour, forced labour, and/or indentured labour, including forced or indentured child labour.

“With 10 of the 11 forced labour indicators identified during the course of our investigation, CBP has sufficient evidence to conclude that Supermax Corp Bhd and its subsidiaries produce gloves in violation of US trade law,” said CBP office of trade executive assistant commissioner AnnMarie R. Highsmith.

Posted by RezekiBanyak > 2021-10-21 09:56 | Report Abuse

Later will limit down?

Posted by stingray_ea > 2021-10-21 09:58 | Report Abuse

2

Posted by investor2021trading > 2021-10-21 09:59 | Report Abuse

any bad news, why down 10%??

Posted by dompeilee > 2021-10-21 10:00 | Report Abuse

Averaged down Supermx @ 2.00....Come 2 mama!

Posted by Ryan83 > 2021-10-21 10:00 | Report Abuse

KUALA LUMPUR (Oct 21): Disposable gloves produced by Supermax Corporation Bhd units Maxter Glove Manufacturing Sdn Bhd, Maxwell Glove Manufacturing Bhd, and Supermax Glove Manufacturing will be detained at at all U.S. ports of entry effective Thursday (Oct 21).

In a statement Wednesday, U.S. Customs and Border Protection (CBP) issued a Withhold Release Order (WRO) against Supermax Corp and its subsidiaries based on information that reasonably alleged their use of forced labor in manufacturing operations.

CBP said it identified 10 of the International Labour Organization’s indicators of forced labor during its investigation.

CBP Acting Commissioner Troy Miller said the Withhold Release Order will help protect vulnerable workers.

“CBP is a global leader in forced labor enforcement, and we will continue to exclude products made by modern slavery from entering into the United States.”

Federal statute 19 U.S.C. 1307 prohibits the importation of merchandise produced, wholly or in part, by convict labor, forced labor, and/or indentured labor, including forced or indentured child labor.

CBP detains shipments of goods suspected of being imported in violation of this statute.

Importers of detained shipments have the opportunity to export their shipments or demonstrate that the merchandise was not produced with forced labor.

Meanwhile, CBP Office of Trade Executive Assistant Commissioner AnnMarie R. Highsmith said with 10 of the 11 forced labor indicators identified during the course of investigation, CBP has ample evidence to conclude that Supermax Corp and its subsidiaries produce gloves in violation of U.S. trade law.

“Until Supermax and its subsidiaries can prove their manufacturing processes are free of forced labor, their goods are not welcome here,” she said.

Supermax joins a list of other Malaysian companies to be have been banned by CBP.

Posted by Timercheng > 2021-10-21 10:00 | Report Abuse

First Top group WRO, now Supermx, next who ? .This all the games of operators

Posted by masterus > 2021-10-21 10:00 | Report Abuse

Previously FGV holding, Sime darby and Topglov kena. Sekarang pula Supermax pula kena. Us hate you dude.

Posted by LubeTrader > 2021-10-21 10:00 | Report Abuse

Let it limit down today and tomorrow. No point hoo-haa all day as it's not going to reverse it's downward spiral. Let things unfold.

Posted by masterus > 2021-10-21 10:01 | Report Abuse

Next company targeted for force labour act scapegoat.

Posted by Citadel123 > 2021-10-21 10:01 |

Post removed.Why?

Posted by Sneakpeek > 2021-10-21 10:03 | Report Abuse

Last time TG took more than 1 year to solve the issue..and price keep falling along the way

Posted by Jonathan Keung > 2021-10-21 10:03 | Report Abuse

US targeting Malaysia glove manufacturers.first TG , Kossan now supermax who is next ?

Posted by Citadel123 > 2021-10-21 10:04 |

Post removed.Why?

Posted by tallman > 2021-10-21 10:04 | Report Abuse

long term target 65c is not a dream

Posted by investmalaysia7777 > 2021-10-21 10:06 | Report Abuse

When US started, other countries will follow. just like what happened to topglove

Posted by GlovesOff > 2021-10-21 10:06 | Report Abuse

why glovers buy ... all 4 bosses also never buy ... haha

Posted by NatsukoMishima > 2021-10-21 10:07 | Report Abuse

USA have many tools to play with u , wow ,they really proved to u all now !

Posted by SinGor > 2021-10-21 10:07 | Report Abuse

TopGlove lost about 55% or More...Super will suffer similar faith Or WORST bcos more than 50%
of Super Gloves goes to USA

Posted by dompeilee > 2021-10-21 10:09 | Report Abuse

B4 averaging down, only have 2 lots...don't worry for me, K? lol

Posted by Citadel123 > 2021-10-21 10:09 | Report Abuse

SOMEONE HERE WILL CLAIM HE BOUGHT AT RM 2/RM2.01 AGAIN SO HIS AVERAGE ONLY RM 2.02 HAAHHHA, SITTING HUGE PROFITS!!!!

Posted by MiaoMiao7 > 2021-10-21 10:09 | Report Abuse

all gloves have to go back to their pre covid price before they stabalize. this means supermax have a very good chance of going to 70 cents.

Posted by McChicken > 2021-10-21 10:09 | Report Abuse

Surprisingly MM is not coming out to say something..busy collecting? Or not yet wake up lolzzz

Posted by DJoker89 > 2021-10-21 10:10 | Report Abuse

Waited long enough.....yes laaa
Remember batch by batch to collect .....

Cheers!!!!

Posted by GlovesOff > 2021-10-21 10:10 | Report Abuse

eat popcorn see show ... which ib is the first to downgrade ... more to come

Posted by DJoker89 > 2021-10-21 10:11 | Report Abuse

My 3 months waiting for 2.01 finally come true
Tq tq

Posted by sunrise88 > 2021-10-21 10:12 |

Post removed.Why?

Posted by Pgraduate123 > 2021-10-21 10:12 | Report Abuse

SuperMin

Posted by AlexT12 > 2021-10-21 10:13 | Report Abuse

lot of retailers and analyst sniped today

Posted by investmalaysia7777 > 2021-10-21 10:13 | Report Abuse

supermax is overvalued at current price. harta already back to pre covid price. other glove counters will follow

Posted by AlexT12 > 2021-10-21 10:13 | Report Abuse

you hv fundamental and technical sense. but don't hv common sense

Posted by imvu > 2021-10-21 10:14 | Report Abuse

ku sudah bankrupt