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

Haha Danny boy oh boy ... stucked so deep rabbithole no choice now but to avg down GL!

Posted by Bgt 9963 > 2021-11-11 09:50 | Report Abuse

Hold !

Posted by RISK8888 > 2021-11-11 09:53 | Report Abuse

Where can I find a stock with 4bil cash and mkt cap also 4bil? If don’t buy really failure in life of investment. Drop more buy more. Glove is needed as long human is a live. Dont regret.

Posted by Dannyfyl88 > 2021-11-11 09:59 |

Post removed.Why?

Posted by Jilohhuat > 2021-11-11 10:01 | Report Abuse

Posted by RISK8888 > Nov 11, 2021 9:53 AM | Report Abuse

Where can I find a stock with 4bil cash and mkt cap also 4bil? If don’t buy really failure in life of investment. Drop more buy more. Glove is needed as long human is a live. Dont regret.

You are indeed wise.

Posted by skyu > 2021-11-11 10:02 | Report Abuse

https://www.google.com/amp/s/www.fool.com.au/2021/11/03/ansell-asxann-share-price-climbs-2-amid-takeover-rumours/amp/

not the latest news, but recently this week. ansell takeover rumour by 3m or Dupont

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

haha danny warehouse of gloves spmx, tg, kossan and comfort ???

i got no problem ppl buying, buy more drop more, we can troll more

lost your ferrari like pjseow ?
****************
Stock: [TOPGLOV]: TOP GLOVE CORP BHD

Nov 9, 2021 11:53 AM | Report Abuse

Scary if you think Short Term. Close your eyes and open Next Year... It will be up there... or else... lose your shirt too. Now.. losing my car... WTF... Gloves are the poorest performer this year for sure. Absolute failure. Everyone got burnt. Down 50-80%. The first will be the last... and the last will be the first.... wishful thinking hope.

Posted by Dannyfyl88 > 2021-11-11 10:27 | Report Abuse

Aiya... GF. I am a LT player. No worries. All cash buy. Yes, lost a Ferrari but gain a Lambo later... it is part of up and downs in stocks. I buy companies based on value and financial position... not sentiment. At this price point for Supermax, Comfort, TG... all gloves, the value is just great. No other counters are more value added now. Let's see loh. Talk again in 1 year.

Posted by GlovesOff > 2021-11-11 10:33 | Report Abuse

Ok GL ! Covid 22 ?

Posted by RISK8888 > 2021-11-11 10:49 | Report Abuse

Offer offer, don’t blind your sight. Open big big your eyes. 4bil cash is in front of you, take it! Life opportunity in front of u.!

Posted by Dannyfyl88 > 2021-11-11 10:53 | Report Abuse

Covid is here to stay. Demands will be greater than in 2019 with new norms/hygiene awareness. All about demands and ASP going forward. With the current ASP at US60-70, the Chinese glove makers are making a lost. No sane Chinese companies will get into this business now. Only the old and established companies to carry on. ASP will stabilized and with it comes clarity and better earnings as the Malaysian gloves companies have little/no debts. So.. let's talk next year. Let's see how long this P/E 1.3 can hold.

Posted by MoneyMakers > 2021-11-11 13:17 | Report Abuse

Nxt yr alrdy 65sen..future supermx is no cash (all spend US factory) making 100Mil/qr - same as prepandemic

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

aiseh moneymakers, u curse also curse with some logic, rhe usa factory is 550mil usd or 2.3 bil myr. not all the cash although we may predict some excess of expenditure

Posted by MoneyMakers > 2021-11-11 14:05 | Report Abuse

Supermx spending 3.6Bil on US factory+capex..go read QR properly..cash all gone

Posted by skyu > 2021-11-11 14:12 | Report Abuse

i already read, usa 550 million in total, which is true . uk, 50 mil gbp. but u never mention uk.

again, curser, seems like u are not as smart as i thought to be.

if u cant find the report, go get the report on 27 oct 2020.

don’t get me wrong , i don’t buy their investment abroad, but at least don’t spread lie fake info, have some dignity with u, curser. don’t forget , rhe more u curse , the more the karma will come to u although is just an online forum

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

SPMX OBM which is mostly contractual business will have a high ASP compare to OEM business.

Posted by Ryan83 > 2021-11-11 14:26 | Report Abuse

KUALA LUMPUR (Nov 11): Supermax Healthcare Canada Inc (SHC) is undertaking an independent auditing process of the working conditions at its facilities in place.

In a statement on Wednesday (Nov 10), SHC said the audit was being conducted by an independent firm specialising in compliance with International Labour Organization (ILO) criteria after the US Customs and Border Protection (CBP) issued a Withhold Release Order (WRO) against the company and its subsidiaries' products on forced labour allegations.

Posted by AdCool > 2021-11-11 14:35 | Report Abuse

USD550 mil capital investment for 2 phases is not 3.6 Bil.

Posted by RISK8888 > 2021-11-11 14:36 | Report Abuse

Capex anytime can call off one ma. But cash already in pocket dy. maybe super change mind to buy power plant for better return? Wa...4bil power plant with roi 10% equal 400mil consistent profit every year? Fat lor!

Posted by MoneyMakers > 2021-11-11 14:36 | Report Abuse

Really sien need spoonfeed these strawberry
——————————————

QR item 3(b) - “Supermax Group would invest total capital expenditure of RM1.39 billion”

US factory USD 550Mil + capex RM 1.39Bil = RM3.6 Bil..cash all gone

Posted by skyu > 2021-11-11 14:44 | Report Abuse

1.39 bil capex is for malaysian plant from 13 to 17. usa plant is plant 18.

i did not read wrongly nor did i support their oversea investment as most of malaysian oversea venture ended up burnt . but, u are the one misleading people with info.

moneymakers, don’t curse trop much, karma is coming to u

Posted by AdCool > 2021-11-11 14:49 | Report Abuse

RM1.39 billion capex for 2021,2022 and 2023. As at 20 August 2021, RM293.8 mil had been spent. Would Supermax cont to generate a total of 1.1 billion cash in 2nd half of 2021, 2022 and 2023 to cover such Capex or are they going to use the current cash for such expansion? Alternatively, would Supermax normalize their expansion, anticipating lower demand in gloves and prolong the expansion to 2025 instead of 2023? All these remain to be seen. Top Glove has started to normalize their expansion.

Posted by Dannyfyl88 > 2021-11-11 14:50 | Report Abuse

MM trying to talk his way to 65c so he can buy. GL loh... The Capex investment is not a lost regardless of what MM said. Investment to build factories to make more money. What is the problem??? All I can see is that Spmx will make more money with little and no debts...

Posted by MoneyMakers > 2021-11-11 15:03 | Report Abuse

All that investment will give 2x capacity = 2x profits..but b’coz last yr bonus issue 1:1, EPS will remain same

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

True xtra factory will bring more money but no effect on EPS..meaning no benefit to fair value/share price (still 65sen)

Posted by myinvestor > 2021-11-11 15:36 | Report Abuse

Capital Commitments
As at 30 April 2021, the Group had capital commitments amounting to RM 277.8 million for the purchase of plant and equipment to be installed at its various factories in Malaysia.

SPMX factory investments are allocated for every qtr from the profit before tax. So 3.9b cash is not touch.

Posted by Ryan83 > 2021-11-11 15:39 | Report Abuse

Glove capacity utilisation already slow down from 90+% to 60+% due to capacity expansion and slower demand

Posted by Maridien2 > 2021-11-11 15:50 | Report Abuse

Most bursa companies all borrow here borrow there to expand business, end up money earned also not enough to pay interest. Supermax is using their own money to make more money for investors. Trust Stanley because rich people want to become richer, not poorer LOL.

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

Gap up tomorrow

Posted by Dannyfyl88 > 2021-11-11 15:56 | Report Abuse

Huh?? Utilization drop from 90 to 60% is from where you get the info?

Posted by skyu > 2021-11-11 15:56 | Report Abuse

glove capacity utilisation down to 60% from 90%? where is your source ? u working as production team ?

more production line doesn’t mean more earning, that line can stay idle too.

280 mil spent of expansion ? some newcomer into the glove claimed 20 million can build a factory within a year. big difference .
m

Posted by AdCool > 2021-11-11 16:07 | Report Abuse

He just must have talked to few bangladeshi workers at kopitiam bawah pokok.


Dannyfyl88 Huh?? Utilization drop from 90 to 60% is from where you get the info?
11/11/2021 3:56 PM

Posted by MoneyMakers > 2021-11-11 17:03 | Report Abuse

Stuck + super low volume..another day closer to QR massacre

Posted by MoneyMakers > 2021-11-11 17:16 |

Post removed.Why?

Posted by dianatrader > 2021-11-11 17:31 | Report Abuse

Yeah, where did he get the info?

Posted by Dannyfyl88 > Nov 11, 2021 3:56 PM | Report Abuse

Huh?? Utilization drop from 90 to 60% is from where you get the info?

Posted by IronShirt > 2021-11-11 18:30 | Report Abuse

Over capacity is a guarantee way to jump into operating loss...Before Covid, I see how TopGlove
squeeze Bangla paycheck to stay above waterline

Posted by IronShirt > 2021-11-11 18:32 | Report Abuse

All this arm twisting against its workforce are recorded and ended up in NGO's hands and then
to CBP

Posted by kbtsyl68 > 2021-11-11 20:19 | Report Abuse

Today only traded 4 million shares. The group of shorties are now scratching their head where to find seller to sell them the shares. If you monitor the last hour of trading, most of the transacted lot is 1 lot and 2 lot. The shorties are buying and selling themselves to lure sellers.

Posted by MoneyMakers > 2021-11-11 20:58 | Report Abuse

No one bother short now..better wait QR/xdate big short

Short position also alrdy reduce from 2.9%-2.4%..bullets ready to strike

Posted by monetary > 2021-11-11 22:23 | Report Abuse

missing persons. pjsiew, toneefa, powerofglove

Posted by MoneyMakers > 2021-11-11 23:06 | Report Abuse

Essay writers all gone..delete app queue 65sen..no use keep track price anymore every week make new low

Posted by MoneyMakers > 2021-11-11 23:09 |

Post removed.Why?

Posted by Geek2020 > 2021-11-11 23:51 | Report Abuse

Gloves are history now. Only nostalgia. Just move on..

Posted by sharemarket21 > 2021-11-12 00:05 | Report Abuse

3.6 was the clear signal. Paid crooked public room operator removed everything and splashed the net. All amateur anchovies swamped by a few sharks. Just like that..You expect the worse and the worst hit you first. Fair game. Company is still alright but share price have changed many investors life and perspectives. So much to learn in this room.

Posted by sharemarket21 > 2021-11-12 00:13 | Report Abuse

Don't curse the commenters because the share price have reflected their predictions but of instead slam this lousy stock share price performance and also the one who made thousands and millions from your losses if you happened to be the unfortunate or meant to be victims. Their strategies paid off. Their gains are your loss and partial went to brokers and agents. Some went to Government. It's not so complicated..

Posted by CITADEL > 2021-11-12 00:19 |

Post removed.Why?

Posted by GlovesOff > 2021-11-12 06:35 | Report Abuse

M soon winning my 1.3 bet w MLM scammer pjseow

HAHAHA
**********
Led by sithlord darth pjseow & his apprentice, darth tunafa..all glovers RIP

Posted by GlovesOff > 2021-11-12 06:36 | Report Abuse

Now you know selling/CL is x10000000 harder than buying ... glovers missed so many windows

Posted by skyu > 2021-11-12 08:32 | Report Abuse

agree, where i are all the diehard supoeters?

Posted by CharlesT > 2021-11-12 08:43 | Report Abuse

Number of shareholders as per Annual Report 2019 : 15,582
Number of shareholders as per Annual Report 2020 : 51,323
Number of shareholders as per Annual Report 2021 : 78,370 (18 Oct 2021)

It seems not only the old waterfish mostly are still around, while new waterfish keeps on coming in (increase of more than 50% in 2021) catching the dropping knives

Like it or not all will stuck in glove for a long long time...becomes the so called real value long term investors