SUPERMAX CORPORATION BHD

KLSE (MYR): SUPERMX (7106)

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Last Price

0.855

Today's Change

-0.015 (1.72%)

Day's Change

0.845 - 0.865

Trading Volume

2,151,800


100 people like this.

222,677 comment(s). Last comment by 5231428 1 day ago

monetary

4,447 posts

Posted by monetary > 2021-11-03 18:38 | Report Abuse

bro. there's a thing called TA. look at the big volume of gap down candle on 21Oct

Posted by risingstar21 > 2021-11-03 18:38 | Report Abuse

Gloves surely can pay

Posted by myinvestor > Nov 3, 2021 4:01 PM | Report Abuse

At least glove stocks can afford to pay prosperity tax. Dunno Genting when can pay prosperity tax?

Posted by Start_0f_the_bull > 2021-11-03 19:29 | Report Abuse

Dunno when lah? Whether there would be another lockdown if there is another covid-19 outbreak also no one can be sure. Genting is one of the sinful business mah, this is Malaysia you know.
Nevertheless, Genting will enjoy some capital allowance for the new theme park. Right?

risekita8

534 posts

Posted by risekita8 > 2021-11-03 21:49 | Report Abuse

Green today

: [SUPERMX]: SUPERMAX CORP BHD

Last Price Today's Change Day's Range Trading Volume
1.89 +0.07 (3.85%) 1.81 - 1.90 10,954,300

pjseow

2,264 posts

Posted by pjseow > 2021-11-03 22:42 | Report Abuse

"Dividend suppression seen with prosperity tax in Budget 2022 — Maybank Investment | The Edge Markets" https://www.theedgemarkets.com/article/dividend-suppression-seen-prosperity-tax-budget-2022-%E2%80%94-maybank-investment

Posted by dianatrader > 2021-11-03 23:33 | Report Abuse

Cukai Makmur!
Posted by pjseow > Nov 3, 2021 10:42 PM | Report Abuse

"Dividend suppression seen with prosperity tax in Budget 2022 — Maybank Investment | The Edge Markets" https://www.theedgemarkets.com/article/dividend-suppression-seen-prosp...

CoolBull

3,675 posts

Posted by CoolBull > 2021-11-03 23:55 | Report Abuse

that's becos hong seng is lucky not to be the target of relentless daily non-stop bullkrapping fearmongering shorting cartel goons

Posted by Benhobenhobenho > Nov 1, 2021 7:20 PM | Report Abuse

Strange eh!! Top glove shares n the rest dropped so much in share prices but Hong Seng can go up so much on the contrary, why? Any special about this counter, is their earnings more than top glove n the rest of the big 4

CoolBull

3,675 posts

Posted by CoolBull > 2021-11-03 23:56 | Report Abuse

which just says it all, about the real level of confidence that the guys who really know have, in the glove business & the future prospects of it

Posted by Drachen > Nov 1, 2021 6:54 PM | Report Abuse

Company to invest RM3bil in world’s largest nitrile butadiene facility in Kedah

https://www.freemalaysiatoday.com/category/nation/2021/11/01/company-to-invest-rm3bil-in-worlds-biggest-glove-plant-in-kedah/

Posted by ThePowerOfGlove > 2021-11-04 00:03 | Report Abuse

shorting gang losing power

Posted by ThePowerOfGlove > 2021-11-04 00:03 | Report Abuse

shorting gang running out of gas

Posted by ThePowerOfGlove > 2021-11-04 00:03 | Report Abuse

shorting gang getting tired & exhausted

Posted by ThePowerOfGlove > 2021-11-04 00:04 | Report Abuse

shorting gang now back to having to resort to desperate pathetic hopeless grandmother windfart tax tale

pooooorrrrrttttt

Posted by ThePowerOfGlove > 2021-11-04 00:04 | Report Abuse

shorting gang now also resorting to desperate pathetic ridiculous grandfather qr massacre waterfart tale

pooooorrrrrttttt

Posted by ThePowerOfGlove > 2021-11-04 00:05 | Report Abuse

shorting gang desperate pathetic non-stop scaremongering bullkrapping not working anymore

Posted by ThePowerOfGlove > 2021-11-04 00:05 | Report Abuse

so called 'living with covid' strategy does not mean simply forgetting that covid still exists & still raging & rampaging

OTOH living with covid means living & working as normal BUT keeping all safety health precautionary preventive measures, stringent restrictions, using appropriate preventive ppe, tight sop etc. to keep covid daily cases at as low level as achievable

Posted by ThePowerOfGlove > 2021-11-04 00:06 | Report Abuse

shorting gang goons only come out in big droves when stock showing big dip, just to do their usual badmouthing scaremongering bullkrapping

when stock up they all quickly disappear, leaving only a few of the most hardcore goons among them

Posted by ThePowerOfGlove > 2021-11-04 00:08 | Report Abuse

Of course, why not, number of daily cases is without any doubt the fairest, truest & most fundamental indicator of country covid management performance

gulf arab states now doing low to middle 2 digits cases per day

so why US, UK, israel, singapore failing?

well, you have to ask their governments then

Posted by gemfinder > Oct 31, 2021 1:53 PM | Report Abuse

Stil talking about cases?

Posted by ThePowerOfGlove > 2021-11-04 00:10 | Report Abuse

MARGMA expecting rubber glove supply shortfall of 80 billion pieces in 2021

https://www.theedgemarkets.com/article/margma-says-glove-demand-expected-continue-being-robust-until-2q2022

demand 500 billion pcs, supply only 420 billion pcs

Posted by ThePowerOfGlove > 2021-11-04 00:10 | Report Abuse

singapore covid-19 cases just hit record high 4,248 cases per day on friday 29 october 2021

Posted by ThePowerOfGlove > 2021-11-04 00:11 | Report Abuse

UK still doing 43,000+ cases per day

Posted by ThePowerOfGlove > 2021-11-04 00:11 | Report Abuse

high vaxxing rate alone not gonna bring covid under control, vaxxing needs to be combined & integrated with restrictions, good healthcare preventive measures & precautions, use of ppe, tight sop etc.

even highly vaxxed UK & singapore struggling hard to manage covid now

Posted by ThePowerOfGlove > 2021-11-04 00:12 | Report Abuse

vaxxing alone can't do the job, as has been proven by experiences in US, UK, israel, singapore etc.

Posted by ThePowerOfGlove > 2021-11-04 00:12 | Report Abuse

only wackos, nuthedds, crackos & stuppidos still believe that covid-19 gonna disappear completely in one month, just with high vaxxing rate alone

Posted by ThePowerOfGlove > 2021-11-04 00:13 | 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

pjseow

2,264 posts

Posted by pjseow > 2021-11-04 00:46 | Report Abuse

"Top Glove says share buyback not investment, no impairment needed | The Edge Markets" https://www.theedgemarkets.com/article/top-glove-says-share-buyback-not-investment-no-impairment-needed

OnTime

2,188 posts

Posted by OnTime > 2021-11-04 09:06 | Report Abuse

The Edge should apologise to Top Glove ASAP.

myinvestor

1,218 posts

Posted by myinvestor > 2021-11-04 09:17 | Report Abuse

The "the shortiest paper" theedge paper they are paid to fear mongering about glove stocks.
Fear mongering title:
1.Harta will pay 700m prosperity tax.
2.Top Glove sits on RM860 mil paper loss on massive share buyback
3.Analysts cut Hartalega's earnings forecast after management warns about possible RM400m prosperity tax in FY22
and many more fear mongering title.

Why don't publish Maybank possible to 2.2b or more for prosperity tax?

osted by pjseow > Nov 4, 2021 12:46 AM | Report Abuse

"Top Glove says share buyback not investment, no impairment needed | The Edge Markets" https://www.theedgemarkets.com/article/top-glove-says-share-buyback-no...

monetary

4,447 posts

Posted by monetary > 2021-11-04 11:13 | Report Abuse

after surging 14% yesterday Intco now plunged 3%. let's see how it closes today. will give a clue what's SP direction

monetary

4,447 posts

Posted by monetary > 2021-11-04 11:19 | Report Abuse

if your claim of China power crunch will benefit glove, China glove asp is the 1st to shoot up.

skyu

2,497 posts

Posted by skyu > 2021-11-04 12:50 | Report Abuse

i am also puzzling why someone would put in the number 1 business news that labelling share but back is a list of investment or impairment loss ? lobbying by certain quarter ?

skyu

2,497 posts

Posted by skyu > 2021-11-04 12:52 | Report Abuse

today , they the edge further salting the hive industry by taking kossan and super max as a victim of index reserve which will be ditched soon

masterus

3,605 posts

Posted by masterus > 2021-11-04 14:04 | Report Abuse

Top Solar Firm Longi Says U.S Customs Detained Products

Ryan83

1,835 posts

Posted by Ryan83 > 2021-11-04 14:14 | Report Abuse

Hoping Supermax to release QR by next week as Kossan and Hartalega QR already released last 1 week

kbtsyl68

145 posts

Posted by kbtsyl68 > 2021-11-04 16:16 | Report Abuse

Wednesday closing was good. China currently experiencing new wave of Covid. Read Bloomberg for more news. Glove demand will be increasing going forward and the ASP will also increase gradually starting from now. Just imagine every USD 1 how much is the profit for glove companies in malaysia.
Glove investor eventually can see the sunshine again.

MoneyMakers

7,647 posts

Posted by MoneyMakers > 2021-11-04 16:42 | Report Abuse

Nice exit opportunity b4 nxt selloff monday kossan xdate

IronShirt

3,178 posts

Posted by IronShirt > 2021-11-04 17:11 | Report Abuse

Super has extended Qr release after Oct into Nov.....usually Results are depressing ( Director
dumping already gave some hints )

kbtsyl68

145 posts

Posted by kbtsyl68 > 2021-11-04 19:23 | Report Abuse

@MM. Monday volume only around 10 million shares. how to have sell off? Those who short during the US announcement now should worry how to buy back the shares. i am also hoping the share prices depress further so that i have opportunity to buy more. I am damn unlucky if the price shoot up tomorrow.

skyu

2,497 posts

Posted by skyu > 2021-11-04 19:24 | Report Abuse

hi moneymakers, i also just bought a crystal ball like u, the ball said tomorrow super max will drop 10% at least. have peace of mind and rest well

kbtsyl68

145 posts

Posted by kbtsyl68 > 2021-11-04 19:40 | Report Abuse

Supermax with RM 500 M profit in the quarter ended Sept just has to announce 10% share buy back will make the price shoot up.
Hope my predictions comes true.

skyu

2,497 posts

Posted by skyu > 2021-11-04 20:15 | Report Abuse

the price wouldn’t shot up for certain as third party calling this as impairment loss when the share price dumped to 0.6. don’t forget england just approved Merck anti viral drugs to be used in england

kbtsyl68

145 posts

Posted by kbtsyl68 > 2021-11-04 20:20 | Report Abuse

@skyu. Now i am worry whether i can buy more shares below 1.85 starting from tomorrow.

Posted by Mr.Sm Invest123 > 2021-11-04 20:25 | Report Abuse

Why recently some popular Facebook live got few doctor one stopped open live already ?.
Hahahahaha pls proceed to trust them. Hahaha finally u all died

Posted by Mr.Sm Invest123 > 2021-11-04 20:28 | Report Abuse

3 They gave u TP RM40 RM50. Haha pity those follow These lives

Posted by Mr.Sm Invest123 > 2021-11-04 20:28 | Report Abuse

Finally U bought they sold

kbtsyl68

145 posts

Posted by kbtsyl68 > 2021-11-04 20:31 | Report Abuse

@ Mr Sm
Why recently some popular Facebook live got few doctor one stopped open live already ?.
Hahahahaha pls proceed to trust them. Hahaha finally u all died

They are advising for 3 to 5 years investment horizon. share prices go up and down. Even Warren Buffet may make mistakes. Look at his Tesco and investment in an aircraft engineering parts. Both suffered substantial losses.But still many people buy his shares.

skyu

2,497 posts

Posted by skyu > 2021-11-04 20:39 | Report Abuse

U certainly can get even at rm 1.5 as predicted by moneymakers. History told us share buy back has no impact at all with share price. The lower the better

kbtsyl68

145 posts

Posted by kbtsyl68 > 2021-11-04 20:43 | Report Abuse

@ skyu
I am very happy to buy more shares at 1.80. Anything below that is extra bonus for me. My investment horizon is 2 years and i can afford to wait while collecting the good dividend every quarter.

monetary

4,447 posts

Posted by monetary > 2021-11-05 06:54 | Report Abuse

Haha. Glove is like mysterious gold mine. Adventurers keep coming though get burnt one after another. Why not let the explorers or pioneers have the 1st spoon of soup? If gold is found then we invest.

monetary

4,447 posts

Posted by monetary > 2021-11-05 06:56 | Report Abuse

power crunch isn't a permanent issue. China has started to handle it. cooking coal price started coming down.

monetary

4,447 posts

Posted by monetary > 2021-11-05 06:59 | Report Abuse

it's undeniable the word needs glove but the relevant agencies have their ways to hammer down asp. Glove isn't rocket science.

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