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 11 hours ago

Posted by Start_0f_the_bull > 2021-11-09 11:02 | Report Abuse

Where got burnt by gloves? Only those bought in last few months not sure want to cut loss, holding on or top up now. Those bought in March last year and sold off before the downtrend are still counting their money now.

Onggal

763 posts

Posted by Onggal > 2021-11-09 11:05 | Report Abuse

Let it drop to 1.65 then soon to 1.50.

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

Hope EPF left Supermx n Serba long time already…. otherwise lesser year-end dividends for me…

Posted by Habisgl0v3333 > 2021-11-09 11:12 | Report Abuse

Wow waterfall

monetary

4,447 posts

Posted by monetary > 2021-11-09 11:13 | Report Abuse

u don't need a crystal ball to tell u it's downtrend. u don't even need TA signal bcoz the trend is so obvious.

monetary

4,447 posts

Posted by monetary > 2021-11-09 11:14 | Report Abuse

u can see it but u just refuse to give in. u pretend not seeing it.

gohkimhock

3,128 posts

Posted by gohkimhock > 2021-11-09 11:22 | Report Abuse

致命的是excessive production from China. You can see the effect clearly in the next 6 months onwards..

Posted by Start_0f_the_bull > 2021-11-09 11:23 | Report Abuse

It seems the reason why director were selling the past few days is real.

Posted by investmalaysia7777 > 2021-11-09 11:27 | Report Abuse

end game

Posted by Investor126 > 2021-11-09 11:35 | Report Abuse

If last week never drop below 1.80, they will surely wallop it all the way down this week. Seeing this, 1.65 could achieve anytime by end of this week. Till then, you know it very well what will happen.
No rebound, but boiling frog.

Ryan83

1,835 posts

Posted by Ryan83 > 2021-11-09 11:38 | Report Abuse

Share price keeps falling as it moves closer to QR release

sharemarket21

1,912 posts

Posted by sharemarket21 > 2021-11-09 11:39 | Report Abuse

Bursa value is not enough to sustain the overall sector and market momentum. Even if there is a spike, it is hard to sustain and follow through. Trade and invest prudently. The beginning of the cleaning up before the the little light in the tunnel.

monetary

4,447 posts

Posted by monetary > 2021-11-09 11:50 | Report Abuse

China or no China. Cash pile stays or cash pile fully utilized in the future who can tell for sure? I bet even Stanley Thai can't tell for sure.

joyvest

10,540 posts

Posted by joyvest > 2021-11-09 11:50 | Report Abuse

At the end of the day,pricing is the main factor of the demand. There is no way it can complete with China. Their products are as good as Malaysian ones if not better in terms of everything... they don't need to establish their own brands...gloves are gloves ,which are not luxurious ......

goody99

1,814 posts

Posted by goody99 > 2021-11-09 12:00 | Report Abuse

everyday got big sellers dumped their shares... Like never ending. There must be good reasons for them to think it is still a good price to sell. One of the reason is that share price now is still above the price before the pandemic. Revenue/profit will not be good in the next 2 years, I still think it is better to sell high now and buy back at cheaper price.

Posted by Benhobenhobenho > 2021-11-09 12:00 | Report Abuse

At this extremely low price, no one will sell for sure even there's an emergency need of funds.

Ryan83

1,835 posts

Posted by Ryan83 > 2021-11-09 12:03 | Report Abuse

Looks like lower and lower price every day if share price continues falling until QR release end of this month

Posted by Investor126 > 2021-11-09 12:22 | Report Abuse

Director disposed, and now Supermax also do not want their own treasury shares and share dividend 1:30 soon to the shareholders?

OnTime

2,188 posts

Posted by OnTime > 2021-11-09 12:45 | Report Abuse

whoa, all the oracles on this forum!

RISK8888

2,232 posts

Posted by RISK8888 > 2021-11-09 12:48 | Report Abuse

Mkt cap 4.7 bil. Are you kiddding me? Faster buy lor. Don’t waste the golden opportunity. With 4bil cash and still earning in the coming QR. Glove demand remain strong.

MoneyMakers

7,674 posts

Posted by MoneyMakers > 2021-11-09 12:57 | Report Abuse

Kbtsyl dont forget fake topup..want 1.8 soo much now can get

MoneyMakers

7,674 posts

Posted by MoneyMakers > 2021-11-09 13:00 | Report Abuse

Just delete app come back nxt yr..still got long way down to 65sen (orig price)

skyu

2,497 posts

Posted by skyu > 2021-11-09 13:16 | Report Abuse

3.77 billion cash la, not 4 bil. this week quarter result out, u might see less than 3 bil. cash is nothing

Jason85

652 posts

Posted by Jason85 > 2021-11-09 13:19 | Report Abuse

Never cut, hold and it will come up soon.

monetary

4,447 posts

Posted by monetary > 2021-11-09 13:21 | Report Abuse

1.39B set aside for local expansion. 500mil USD for USA. u can't count the existing cash but can forecast future cash

monetary

4,447 posts

Posted by monetary > 2021-11-09 13:21 | Report Abuse

so basically cash is out of the equation

monetary

4,447 posts

Posted by monetary > 2021-11-09 13:24 | Report Abuse

all these no clearly stated in Qr prospect. bod is honest. just tat u choose to deny the fact

GlovesOff

2,499 posts

Posted by GlovesOff > 2021-11-09 13:33 | Report Abuse

haha funny how glovers only realize when waterfalling

mana geng MLM .. ???

GlovesOff

2,499 posts

Posted by GlovesOff > 2021-11-09 13:36 | Report Abuse

got one LarnLek or LarnChao say director situpeed wo

consumed too much of situpeed2u brainwash

monetary

4,447 posts

Posted by monetary > 2021-11-09 13:39 | Report Abuse

u r informed black n white. forumers also bring up the matter many times. u still talking about cash. If that isn't called state of denial I don't know what it's called.

GlovesOff

2,499 posts

Posted by GlovesOff > 2021-11-09 13:40 | Report Abuse

geng MLM - is it low enough to privatize ???

HAHAHA

GlovesOff

2,499 posts

Posted by GlovesOff > 2021-11-09 13:44 | Report Abuse

CASH. ohmy this is most dumb debate ever. dsst & spmx is a glovemaker not freaking bank/hedge fund. rm64 bux BOBA divi is a real insult.

this is what happens when you don't love your own cash. happily avging down somemore dai lan 7 sei.

monetary

4,447 posts

Posted by monetary > 2021-11-09 13:49 | Report Abuse

glovers only care about company cash which they can't control. they never care about their own account cash.

MoneyMakers

7,674 posts

Posted by MoneyMakers > 2021-11-09 13:52 | Report Abuse

Most glovers alrdy 60%++ loss how to cut..now only cut onion & watch bloodbath

Dannyfyl88

1,220 posts

Posted by Dannyfyl88 > 2021-11-09 13:59 | Report Abuse

Ya MM... cutting onion and cry. Gloves are a complete failure investment which will be the talk for all investments in the future. From Hero become zero in the quickest time.

Posted by NatsukoMishima > 2021-11-09 14:04 | Report Abuse

China using AI technology to make gloves but Malaysia using NepalBangla , how to fight ?? Ai technology dont have forced labour issue !

GlovesOff

2,499 posts

Posted by GlovesOff > 2021-11-09 14:16 | Report Abuse

Genuinely advise to leave the party, kena cursed, stayed on w paying the bill, advise GTG, double the curse, clean dishes+throw the trash, advise UGTG, triple the curse, now not only pay 99 yrs lease, maybe 199 yrs lease HAHA

Posted by Start_0f_the_bull > 2021-11-09 14:20 | Report Abuse

Shareholders should come up in full force to defend it when the price is falling but here mostly non shareholders are coming out to chat instead even their opinions are not necessary when the price is already falling. This is the funniest part of gloves forum. LOL

MoneyMakers

7,674 posts

Posted by MoneyMakers > 2021-11-09 14:26 | Report Abuse

Nice 2 see old glovers like monetary/natsuko join the dark side..at least manage 2 save capital early instead of total loss

Posted by Start_0f_the_bull > 2021-11-09 14:55 | Report Abuse

Share market is like a crocodile pool. Those bought at RM6 how are they doing now?

Posted by Habisgl0v3333 > 2021-11-09 15:08 | Report Abuse

Kesian.. we ve been warning this since rm12

MoneyMakers

7,674 posts

Posted by MoneyMakers > 2021-11-09 15:21 |

Post removed.Why?

julian1981

900 posts

Posted by julian1981 > 2021-11-09 15:22 | Report Abuse

omg..ggwp.

Bgt 9963

7,445 posts

Posted by Bgt 9963 > 2021-11-09 15:23 | Report Abuse

Still down trend !

Come

1,146 posts

Posted by Come > 2021-11-09 15:29 | Report Abuse

Dropped 90% from highest

Posted by Investor126 > 2021-11-09 15:32 | Report Abuse

What if Supermax announce their US venture bang wall later? I mean what if.

skyu

2,497 posts

Posted by skyu > 2021-11-09 15:34 | Report Abuse

1.72, more to go down

Posted by Benhobenhobenho > 2021-11-09 15:41 | Report Abuse

Whatever may happen, definitely will hold for longer term. Is company going bust anytime? No, isn't it so why sell at this ridiculous low price.

Posted by Benhobenhobenho > 2021-11-09 15:44 | Report Abuse

Moreover, this is a highly manipulated price

monetary

4,447 posts

Posted by monetary > 2021-11-09 15:52 | Report Abuse

I don't think i join the dark side. I get out from the dark side when i decided to exit.

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