Posted by CoolBull > 2021-11-15 19:14 | Report Abuse

Hong Seng subsidiary investing RM3 billion to build world's largest NBL plant in Kedah Rubber City

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

just shows the vast confidence in rubber gloves over the long term

Posted by CoolBull > 2021-11-15 19:16 | Report Abuse

Malaysia not fully safe from covid yet

https://www.nst.com.my/news/nation/2021/10/738052/malaysia-not-fully-safe-covid

So, better not be going around feeling so exuberant & overconfident yet, guys

Posted by CoolBull > 2021-11-15 19:17 | Report Abuse

Supermax can use capital to expand in other sites if US factory project is cancelled

Posted by kbtsyl68 > 2021-11-15 19:17 | Report Abuse

@skyu
You are right. based on reliable sources, all the shorties has " cirit birit " today and unable to operate after the shares continue to go up despite so many negative news.
After recovering they will commence their operations again tomorrow morning.
Tomorrow all glove investors better standby to collect below 1.80.

Posted by CoolBull > 2021-11-15 19:17 | Report Abuse

living with covid does not mean everybody forgetting about safety health precautionary preventive measures including stringent restrictions, appropriate ppe, tight sop etc.

living with covid does not mean everybody freely & deliberately exposing themselves to the risk of getting covid, that would just be surefire recipe for another disaster

Posted by Beautyseeker > Oct 18, 2021 2:08 PM | Report Abuse

We need to live with it already

Posted by CoolBull > 2021-11-15 19:18 | Report Abuse

covid not gonna disappear completely so fast yet just from high vaxxing rate

OTOH, if govt & rakyat get excessively overconfident from temporary reduction in daily cases & both sides drop their guard, covid could quite easily make another upsurge

as has indeed actually happened in US, UK, Israel, Singapore, Germany, Russia

this is neither a threat, nor a scare story, but a friendly, brotherly, realistic, responsible, mature adult reminder

Posted by CoolBull > 2021-11-15 19:19 | Report Abuse

yep, mercator is only a small player with a big name, nothing like malaysian Gloves Big 4

Posted by pjseow > Oct 19, 2021 8:49 AM | Report Abuse

The small player like mercator with only 3 to 4 billions capacity will not survive with the ASP coming down to normalised state. Those new comers which havent even.started production will also vanish . They just cant compete when they need to borrow to put up the capacity, do not have the economy of scale., steep.learning curve and and has yet to build up customer relationship. All these factors are detrimental to their survivals

Posted by CoolBull > 2021-11-15 19:21 | Report Abuse

We should have been learning lessons from the UK, which is currently experiencing another big Covid-19 wave despite the high vaccination rate there.

But here in Malaysia, we are already prematurely celebrating & acting so overconfident AS IF we have beaten the pandemic.

Posted by CoolBull > 2021-11-15 19:23 | Report Abuse

Cukai Makmur is iddi0t proposal from iddi0t fin min only, it is not an umno idea

it's gonna be attacked from left, right & centre

punishing businesses for being profitable is so, so ridiculous, man

it is the height of absurdity

successful profitable businesses should rightly be rewarded with tax cuts, not penalised with tax increases

Posted by CoolBull > 2021-11-15 19:24 | Report Abuse

mr. market has given a clear signal to zafrul, responding with a RM33 billion fall to zafrul's iddi0t 33% cukai makmur proposal

mr. market is telling zafrul to letak jawatan immediately

Posted by BoomBerg > 2021-11-15 19:24 | Report Abuse

https://www.klsescreener.com/v2/announcements/view/3456653

Posted by kbtsyl68 > 2021-11-15 19:32 | Report Abuse

@Boomberg
Thank you for sharing the info. This info will probably add another 5 cents to the share price tomorrow.

Posted by OnTime > 2021-11-15 19:35 | Report Abuse

up up and away tomorrow!

Posted by farisfx54 > 2021-11-15 19:37 | Report Abuse

Cool Bull U are absolutely right .

Posted by Tantoro > 2021-11-15 19:47 | Report Abuse

OTHERS Supermax Corporation Berhad ("SCB" or "the Company") - Pause in imports of Supermax gloves into Canada relates to contracts with the Federal Government of Canada
SUPERMAX CORPORATION BERHAD

Type Announcement
Subject OTHERS
Description
Supermax Corporation Berhad ("SCB" or "the Company") - Pause in imports of Supermax gloves into Canada relates to contracts with the Federal Government of Canada
Reference is made to The Edge Markets article titled “Canada pauses imports from Supermax over forced labour concerns” which appeared on 14 November 2021.



The Company wishes to announce that the headline of the media is misleading and not accurate. Only the Federal Government contract is on hold pending the submission of the audit report from an Independent Auditor. Currently, a US-based Independent Auditor is conducting the site audit and the report would be available for submission sometime in the 4th week of November 2021.

Posted by Tantoro > 2021-11-15 19:48 | Report Abuse

The Supermax Group had embarked on its undertaking to meet the International Labour Organisation (ILO) standards on migrant workers since 2019. The process has well started and Supermax is surprised that due consideration has not been given to the fact that corrective steps have started and improvements made to labour welfare. We will speed up the process to come to meeting the ILO standards.



The Canadian market represents approximately 9% of the Group’s total market and the market share fluctuates based on successful tender awards for each year.



The duration of the withholding of contract would also determine the extent of the adverse financial impact. However, the Company does not foresee any material impact operationally.



All other Personal Protective Equipment (PPE) products such as surgical face mask, glove imports from other suppliers, gowns and dental products which Supermax Canada is doing are not affected. Business operations on other PPEs is running on business as usual.



This announcement is dated 15 November 2021.

Posted by Plantermen > 2021-11-15 19:56 | Report Abuse

Supermax learn from rival TG embargo. sales diversion from the US may hurt its ASP but contributions will still be positive.

Posted by dompeilee > 2021-11-15 20:26 | Report Abuse

Wow...wow...wow...unbelievable. 2day I found out that one of my Japanese stocks is under a takeover offer of ¥3,400 per shr compared with the price of ¥ 1,035 on Friday. Invested since Aug 2017 for ¥ 1,278 based on deep undervaluation with 4 dividends since then covering the buying commission.

This bolsters my faith that my paper losses in Supermax can quickly be erased & I won't have to wait 4 years + this time !

Posted by skyu > 2021-11-15 20:57 |

Post removed.Why?

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

Post removed.Why?

Posted by ToneeFa > 2021-11-15 21:17 | Report Abuse

@MoneyMakers Walao darth tunafa summon me..no need tell everyone ur fake average price..nobody cares aiyoyo
15/11/2021 12:49 PM

Aiyoh, a Darth has the power to summon and kick the ass of any storm trooper, even the big mouth type.

Posted by ToneeFa > 2021-11-15 21:21 |

Post removed.Why?

Posted by Benhobenhobenho > 2021-11-15 21:36 | Report Abuse

https://www.freemalaysiatoday.com/category/highlight/2021/11/15/supermax-says-only-canada-govt-contract-on-hold/

Posted by Benhobenhobenho > 2021-11-15 22:12 | Report Abuse

https://www.freemalaysiatoday.com/category/highlight/2021/11/15/supermax-says-only-canada-govt-contract-on-hold/

Posted by MoneyMakers > 2021-11-15 22:17 | Report Abuse

Being sithlords can gain power that seem unnatural..include having very low average price

If darth tunafa fake average price @ rm2, his master darth pjseow fake average price must be rm1.5 by now lol

Posted by MoneyMakers > 2021-11-15 22:17 | Report Abuse

Master darth pjseow & apprentice darth tunafa..guiding chickens into deep dark hole with TP 6/7/8

Posted by dianatrader > 2021-11-15 22:20 | Report Abuse

Another good green day for Supermax.

Even TG is closed green too

Posted by pjseow > 2021-11-15 22:39 | Report Abuse

MM, When.did I say my average is rm 1.5 ? I.am still waiting for your 65 sen which you had been advocating . Without your 65 sen , I cant get the rm 1.50 average lah.
.
---------
MoneyMakers Being sithlords can gain power that seem unnatural..include having very low average price

If darth tunafa fake average price @ rm2, his master darth pjseow fake average price must be rm1.5 by now lol
15/11/2021 10:17 PM

Posted by Benhobenhobenho > 2021-11-15 22:56 | Report Abuse

https://www.freemalaysiatoday.com/category/highlight/2021/11/15/supermax-says-only-canada-govt-contract-on-hold/

Posted by pjseow > 2021-11-15 23:12 | Report Abuse

"Supermax says only Canadian govt contract on hold, audit to be completed in late November | The Edge Markets" https://www.theedgemarkets.com/article/supermax-says-only-canadian-govt-contract-hold-audit-be-completed-late-november

Posted by ToneeFa > 2021-11-15 23:25 |

Post removed.Why?

Posted by dompeilee > 2021-11-16 07:12 | Report Abuse

Shorties' kvkv shrink yesterday & short interest shrank by almost 80%...red ink all over their faces lol

Posted by Ryan83 > 2021-11-16 09:09 | Report Abuse

Supermax short sellers buy back 5 millions shares yesterday and net short selling drops to 2.2% only

Posted by Condom004 > 2021-11-16 09:09 | Report Abuse

Change to Kosaan...kossan rubber material expand till raiway line...pandemic or no pandemic also no worry

Posted by OnTime > 2021-11-16 09:12 | Report Abuse

buy them all?

Posted by monetary > 2021-11-16 09:12 | Report Abuse

taufufa. good effort. keep it up. i chow first.

Posted by Condom004 > 2021-11-16 09:19 | Report Abuse

Supermax b4 covid is 1.36, kossan is 2.09

Posted by Condom004 > 2021-11-16 09:21 | Report Abuse

Heard that Kossan plan every two year give bonus share...2018 , 2020 and ?

Posted by Lucifer999 > 2021-11-16 09:22 | Report Abuse

guess glove still cant make it huh hehe

Posted by Condom004 > 2021-11-16 09:23 | Report Abuse

Kossan boss low profile....

Posted by Lucifer999 > 2021-11-16 09:25 | Report Abuse

and..? it's suppose to benefit us when boss is low proifle? hahahha

Posted by Habisgl0v3333 > 2021-11-16 09:48 | Report Abuse

China gloves is coming, don't play play with china, without china, ur mask is rm5/piece

Posted by Start_0f_the_bull > 2021-11-16 10:10 | Report Abuse

Start_0f_the_bull OK lah. Agree it really rebounds. Congratulations to those that have bought at bottom.
15/11/2021 2:01 PM

Knm_bottomed Told you already
15/11/2021 2:22 PM

Knm_bottomed Sapu all before 2.50-3.00. Sure up super fast
15/11/2021 2:23 PM

--------------------------------------------------
Knm, so you 'sapu' already or not?

Posted by myinvestor > 2021-11-16 10:15 | Report Abuse

Shorties still have 60m shares to buyback. Every day buy 5m shares will takes 12 days cover all.

Posted by monetary > 2021-11-16 10:23 | Report Abuse

I think sharks are just leveraging on TG HK listing to goreng. TG boss has intention to boost up share price in order to have a better listing price in HK. Fundamentally nothing has changed.

Posted by monetary > 2021-11-16 10:25 | Report Abuse

Looks like not many want to join the bandwagon. Only TG price is stable. All others start to retrace alrdy.

Posted by monetary > 2021-11-16 10:29 | Report Abuse

Glove sentiment too bearish. I hope sharks are persistent like our taufufa. Don't run road. kikiki....

Posted by Benhobenhobenho > 2021-11-16 10:33 | Report Abuse

https://www.freemalaysiatoday.com/category/highlight/2021/11/15/supermax-says-only-canada-govt-contract-on-hold/

Posted by Larn > 2021-11-16 10:36 | Report Abuse

lai lai lai 65sen...lelong price coming soon..cant waittt..

Posted by Larn > 2021-11-16 10:37 | Report Abuse

65sen oo 65sen....lai lai lai..everyday lai lai lai..oo 65sen