SUPERMAX CORPORATION BHD

KLSE (MYR): SUPERMX (7106)

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Last Price

0.84

Today's Change

-0.025 (2.89%)

Day's Change

0.835 - 0.86

Trading Volume

6,286,400


100 people like this.

222,734 comment(s). Last comment by Mini2021 15 hours ago

MoneyMakers

7,674 posts

Posted by MoneyMakers > 2021-11-05 15:33 | Report Abuse

Still got 3 bloodbath coming this yr (supermx QR/tg QR/div xdate)

Relax be patient 65sen will come..no need soo triggered

DJoker89

4,901 posts

Posted by DJoker89 > 2021-11-05 15:36 |

Post removed.Why?

parastoo

24 posts

Posted by parastoo > 2021-11-05 15:37 | Report Abuse

If you want to find out the latest news what the western human rights group or NGOs are doing against our glove manufacturers and plantations read FB of Andy Hall. He is consultant to certain companies he formerly attacked. At present certain groups are petitioning U.K. government to reconsider renewal of contract to Supemax citing USA as example. A crowdfunding was created to this purpose. Though the guy is mountain climbing in Nepal don’t underestimate his influence.

https://www.independent.co.uk/news/uk/home-news/covid-ppe-supermax-latest-b1951413.html?r=5742&fbclid=IwAR24p5bJ7alEhuHqGmPp-gTnmNt55zEn27TFf4EhI2nGNw2WwGM9srXEL8c

https://www.crowdfunder.co.uk/scrutinise-government-contracts?fbclid=IwAR01TvmPGHrMWnSlv1tgClQAU6P_ryMmh0cYy4_oEblpzQBtt68dHX3eUuU

DJoker89

4,901 posts

Posted by DJoker89 > 2021-11-05 15:38 |

Post removed.Why?

MoneyMakers

7,674 posts

Posted by MoneyMakers > 2021-11-05 15:46 | Report Abuse

Aiyoo donkey89 where got say monday bloodbath

monday kossan xdate only selloff..not bloodbath

MoneyMakers

7,674 posts

Posted by MoneyMakers > 2021-11-05 15:46 | Report Abuse

Exact morning warning/quote:

“Last day to clear..monday selloff @ kossan xdate”

DJoker89

4,901 posts

Posted by DJoker89 > 2021-11-05 15:48 |

Post removed.Why?

Larn

280 posts

Posted by Larn > 2021-11-05 15:50 | Report Abuse

ya la..hopefull will drom RM1 this Monday selloff.. :)

DJoker89

4,901 posts

Posted by DJoker89 > 2021-11-05 15:51 |

Post removed.Why?

Knm_bottomed

1,122 posts

Posted by Knm_bottomed > 2021-11-05 15:53 | Report Abuse

Confirm bottom alrreadyyyy!!! Buy now!!!

newbie8080

2,771 posts

Posted by newbie8080 > 2021-11-05 15:55 | Report Abuse

Let the QR release in next few weeks.

Then you can decide.

MoneyMakers

7,674 posts

Posted by MoneyMakers > 2021-11-05 15:57 | Report Abuse

Dont be soo optimistic see 1.0 nxt week..if can see 1.8 nxt week also good enough 4 now

DJoker89

4,901 posts

Posted by DJoker89 > 2021-11-05 16:03 |

Post removed.Why?

DJoker89

4,901 posts

Posted by DJoker89 > 2021-11-05 16:57 |

Post removed.Why?

DJoker89

4,901 posts

Posted by DJoker89 > 2021-11-05 16:58 | Report Abuse

RSS GG

Posted by Benhobenhobenho > 2021-11-05 17:46 | Report Abuse

Why Hong Seng consolidated a company also in healthcare dealing in gloves, share prices can go up to 3.75 today from only around 1.50 in February this year. The big 4 instead were down so much till today, why eh?

Posted by Benhobenhobenho > 2021-11-05 17:53 | Report Abuse

Are the big 4, earning less than Hong Seng or are they paying less dividends than Hong Seng

Posted by HengyuanZai > 2021-11-05 18:45 | Report Abuse

okok all shut up and wait 0.005 company delisted

Posted by Benhobenhobenho > 2021-11-05 18:50 | Report Abuse

Hong Seng consolidated also dealing in gloves n they are building a huge glove manufacturing plant in Kedah, yet their share prices are trading at record high.

myinvestor

1,219 posts

Posted by myinvestor > 2021-11-05 18:56 | Report Abuse

HS is not building the glove factory in kedah after clarification from BOD.
https://www.klsescreener.com/v2/announcements/view/3450727


Posted by Benhobenhobenho > Nov 5, 2021 6:50 PM | Report Abuse

Hong Seng consolidated also dealing in gloves n they are building a huge glove manufacturing plant in Kedah, yet their share prices are trading at record high.

Posted by Benhobenhobenho > 2021-11-05 19:03 | Report Abuse

But Hong seng still selling gloves, right?

Posted by risingstar21 > 2021-11-05 19:13 | Report Abuse

Another green day for supermax.

But he dispose it now

DATO' TING HENG PENG (a company director) disposed 760,000 shares on 01-Nov-2021.

RISK8888

2,232 posts

Posted by RISK8888 > 2021-11-05 19:32 | Report Abuse

Now just need to buy and keep, enjoy dividend, wait for bonus event to happen. Now very safe to buy Super. Glove demand will sustain for sometime due to the vaccine not seems to be efficient as expected. Which means the situation will hang on and demand for glove remain high. Even ASP drop, the profit easlily double pre-pandemic level (100mil x 2) 200mil per annum. 100% dividend payout ratio projected in the coming years.

kbtsyl68

145 posts

Posted by kbtsyl68 > 2021-11-05 20:11 | Report Abuse

@RISK8888
You are absolutely right. This is the last week selling below RM 2. Next week should be selling at above RM 2 .

kbtsyl68

145 posts

Posted by kbtsyl68 > 2021-11-05 20:42 | Report Abuse

When US imposed ban on Top glove in May, the inventory level by the hospital and traders in US is high due to overstocking . After so many months, the stocks already been used up and the hospital and Glove traders in US are ordering again. With the US ban on supermax glove there will be a shortage of supply in Us in the coming months especially new wave of covid is coming in US and Europe. This will cause the ASP to increase again. Supermax which has enough cash in hand will be able to produce the glove and hold it as inventory until the ban is uplifted. Then All the gloves produced will be selling at higher ASP. Supermax will have a good quarter ending December and March.

Posted by michaelgohmox > 2021-11-05 22:20 | Report Abuse

Viagra …… wkwkwkwkwk

Posted by dianatrader > 2021-11-05 22:25 | Report Abuse

Really good day for supermax.

Will it reach 2.00?

ToneeFa

2,529 posts

Posted by ToneeFa > 2021-11-05 22:37 | Report Abuse

kbtsyl68 @RISK8888
You are absolutely right. This is the last week selling below RM 2. Next week should be selling at above RM 2 .
05/11/2021 8:11 PM

Ah Ting dumped so much shares on shorties, now they are trying to make some profit out of it by pushing above the purchase price of 1.84, Looks like if less buyers, then they may have to push higher >2,0 to create FOMO to sell Ah Ting's shares. Be careful. On the other hand, Ah Ting is waiting for the share to dip lower than his dumping price and then buy back when Stanley SBB later.

risekita8

534 posts

Posted by risekita8 > 2021-11-05 23:07 | Report Abuse

Why suddenly?


michaelgohmox
227 posts
Posted by michaelgohmox > Nov 5, 2021 10:20 PM | Report Abuse

Viagra …… wkwkwkwkwk

ToneeFa

2,529 posts

Posted by ToneeFa > 2021-11-05 23:15 | Report Abuse

https://edition.cnn.com/2021/11/04/europe/europe-covid-winter-who-projection-intl/index.html

Europe facing 500,000 more Covid deaths by February, WHO warns

Europe is facing a potentially devastating winter that could see half a million people die with Covid-19, the World Health Organization (WHO) warned on Thursday, as it sounded the alarm over a surge in cases and bemoaned stuttering vaccination rollouts on parts of the continent.

"According to one reliable projection, if we stay on this trajectory, we could see another half a million COVID-19 deaths in Europe and Central Asia by the first of February next year," he warned, adding that 43 of the 53 countries on his patch could also see high or extreme stress on hospital beds.
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This signals the arrival of the global 4th wave' projected another 500,000 death in the next 3-4 months in Europe alone. Europe cannot afford to ban a world class glove maker and risk buying reused gloves from less reliable glove suppliers.

Posted by Benhobenhobenho > 2021-11-05 23:27 | Report Abuse

Share prices of Hong Seng which also a glove manufacturer closed at almost year high today when the rest of the glove counters are still struggling to sustain their prices.

Posted by ThePowerOfGlove > 2021-11-06 02:20 | 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 > 2021-11-06 08:44 | Report Abuse

"Where is fairness, economist asks over measly non-Bumi budget allocation | Free Malaysia Today (FMT)" https://www.freemalaysiatoday.com/category/nation/2021/11/05/where-is-fairness-economist-asks-over-measly-non-bumi-budget-allocation/

IronShirt

3,178 posts

Posted by IronShirt > 2021-11-06 10:10 | Report Abuse

https://www.theedgemarkets.com/article/pfizer-says-antiviral-pill-cuts-risk-severe-covid19-89

Any New factory is a waste of Fund...Better distribute Cash back to investors

kbtsyl68

145 posts

Posted by kbtsyl68 > 2021-11-06 12:03 | Report Abuse

Next week after breaking RM 2 ,anyone wants to buy at RM 1.80 can contact MM and others to buy the call option. Since they are expecting the share price to drop to 65 cents and will be very happy to sell us the call option at 1.80

Anaconder

1,031 posts

Posted by Anaconder > 2021-11-06 12:07 | Report Abuse

Director Ting recently selling, to me very weird , why selling when at such of low price but not at near peak ? Any one care to explain

monetary

4,447 posts

Posted by monetary > 2021-11-06 12:29 | Report Abuse

@kbtsyl. if I buy at 1.9 but drops to 1.8 1.7 whom should I contact to get my refund?

myinvestor

1,219 posts

Posted by myinvestor > 2021-11-06 12:48 | Report Abuse

DPA initiatives is to increase
The administration is also aiming to bolster the country’s supply of critical personal protective gear such as surgical gloves, which are in short supply. The administration plans to expand the domestic manufacturing of the gloves in the U.S. by building plants to make raw materials and the gloves themselves. About 1 billion nitrile gloves could be manufactured per month by the end of the year, Manning estimated.

Supermx investing a nitrile glove factory in US is timely and as it will help to bolster the supply of nitrile gloves to US govt hospitals. I believe it will be looking forward to sign a contract with US govt at end of year. The building of factory will forecast to completed at end of 2022.
https://www.politico.com/news/2021/02/05/biden-defense-production-act-coronavirus-466130

masterus

3,606 posts

Posted by masterus > 2021-11-06 13:44 |

Post removed.Why?

myinvestor

1,219 posts

Posted by myinvestor > 2021-11-06 16:53 | Report Abuse

Many foreigners may not know foreign workers especially the Nepal want to earn more money when thy come to Malaysia. They will try to work as many OT as possible during weekend which easily increase daily pay to 1.5x on Sat and 2x on Sun. Their pay easily hit 3-4k. They are willing workers (not forced labour) but US think this is forced labor. Once i met a Nepal who had saved 300k in 3years working in Malaysia factory. In fact they are super rich "forced labour". U can check with them, many Nepal quite rich working in Malaysia some even setup "Ah Long" business, car washing and other business.

pjseow

2,264 posts

Posted by pjseow > 2021-11-06 17:39 | Report Abuse

"Smart Glove: US CBP 'did not provide the basis' for detention order on group’s products | The Edge Markets" https://www.theedgemarkets.com/article/smart-glove-us-cbp-did-not-provide-basis-detention-order-groups-products

Posted by michaelgohmox > 2021-11-06 17:41 | Report Abuse

Surprise u guys still holding on to it , long way to go to hit pre pandemic prices
Blaming short selling , wkwkwkwkwkwkwk GG max monday

Posted by Stocksafeplayer > 2021-11-06 17:47 | Report Abuse

Sharing below for Supermax ban by US CBP, stated clearly ban has chances to be lifted if Supermax’s management can work towards satisfying certain conditions required by US CBP.

https://www.cbp.gov/newsroom/national-media-release/cbp-issues-withhold-release-order-supermax-corporation-bhd-and-its

OnTime

2,188 posts

Posted by OnTime > 2021-11-06 18:01 | Report Abuse

Aiyaa, US just wants to make Msian glove companies uncompetitive lah, for whatever reason! They use the imaginary "forced labor" to ban Xinjiang products too.

Posted by Start_0f_the_bull > 2021-11-06 18:15 | Report Abuse

Abstract from CBP website (Thanks for sharing Stocksafeplayer) :
There is no place for forced labor in today's world, particularly in U.S. supply chains", said CBP Office of Trade Executive Assistant Commissioner AnnMarie R. Highsmith. "It undermines not only the U.S. economy but our commitment to upholding human rights throughout the world."
---------------------------------------------
Truely it sounds good. But think again; what has US done to the world in the past and today? The defeat in Afghanistan, Vietnam; trade war with China, and many more, just to name a few. Think again.

Posted by Stocksafeplayer > 2021-11-06 18:20 | Report Abuse

You are welcome @SOTB :)

Posted by Start_0f_the_bull > 2021-11-06 20:41 | Report Abuse

America's Hypocrisy Exposed
https://m.youtube.com/watch?v=Po12njn-5ZY

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