SUPERMAX CORPORATION BHD

KLSE (MYR): SUPERMX (7106)

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Last Price

0.86

Today's Change

+0.015 (1.78%)

Day's Change

0.855 - 0.865

Trading Volume

565,500


100 people like this.

222,710 comment(s). Last comment by JJPTR 22 minutes ago

Posted by Investor126 > 2021-12-07 16:29 | Report Abuse

Not SBB. Do not worry. Cash shall still reserve for other purpose.

Posted by NatsukoMishima > 2021-12-07 16:31 | Report Abuse

Glove stock really like gambling counter dataprp now , very high risk , u dont know what will happen next 5 minutes , very unstable , not for long term holder !

tah16600

2,646 posts

Posted by tah16600 > 2021-12-07 16:32 | Report Abuse

Luckily buy few lots at Rm1.50 n the next level of buying is Rm 1.00. if any. See operators got gut to throw lol!

kbtsyl68

145 posts

Posted by kbtsyl68 > 2021-12-07 16:35 | Report Abuse

Don't ban RSS. Good to have RSS so that more Lelong sales.

Knm_bottomed

1,122 posts

Posted by Knm_bottomed > 2021-12-07 16:55 | Report Abuse

Tomorrow 2.00

MoneyMakers

7,665 posts

Posted by MoneyMakers > 2021-12-07 16:58 | Report Abuse

Ding3 new low 1.48 unlocked..just 2 days left until TG QR massacre

monetary

4,447 posts

Posted by monetary > 2021-12-07 17:01 | Report Abuse

aiyo..... doesn't drop is blessing in disguise lor...

Posted by BursaBearAlways > 2021-12-07 17:11 | Report Abuse

Why mixup tg with super
You sudah makan obat?

Posted by BursaBearAlways > 2021-12-07 17:11 | Report Abuse

BAN RSS

monetary

4,447 posts

Posted by monetary > 2021-12-07 17:16 | Report Abuse

cash rich but price can't go up. WHY? can study other stocks with plenty of cash but share prices stagnant forever ma....
1. management kiamsap. not paying cash dividend
2. BOD doesn't have a plan in favor of market direction. Market won't buy the ideas like planting more palm oil, exploring oil field, glove production expansion
So market assume all the cash will deplete slowly because investing in low return investment.

monetary

4,447 posts

Posted by monetary > 2021-12-07 17:25 | Report Abuse

very simple lar..... 1 rich man intended to borrow money from bank to invest in rice business. another poor man invented EV battery pack also goes to the same bank to borrow money to set up EV battery production line. U as a banker lend money to which candidate?

monetary

4,447 posts

Posted by monetary > 2021-12-07 17:32 | Report Abuse

what is the expected return from SP USA venture? much higher cost but has to compete with new comers like Mahsing.

monetary

4,447 posts

Posted by monetary > 2021-12-07 17:35 | Report Abuse

1 rich man investing in low ROI investment 2 poor man investing in high ROI investment. Which is better?

monetary

4,447 posts

Posted by monetary > 2021-12-07 17:44 | Report Abuse

market like to see a poor man gets rich. not a rich man going no where or gets poorer.

pjseow

2,264 posts

Posted by pjseow > 2021-12-07 17:45 | Report Abuse

Bankers seldom lend money to new start ups like EV battery which are.very risky. Success rate for new technology start up is less than 10 %. Only VC or Venture capitalists will.fund new start ups. Funding is not lending which has a fixed return whereas VC funding involve buying up shares of new start ups. Founder of Grab Anthony Tan only hold 2.2 % of Grab shares today. A big chunk of his shares go to VC s. Normal Bankers prefer to lend money to more stable and predictable businesses .

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monetary very simple lar..... 1 rich man intended to borrow money from bank to invest in rice business. another poor man invented EV battery pack also goes to the same bank to borrow money to set up EV battery production line. U as a banker lend money to which candidate?
07/12/2021 5:25 PM

monetary

4,447 posts

Posted by monetary > 2021-12-07 17:49 | Report Abuse

welcome back, pjsiew. I have 5 comments. u only answer 1?

Bullrunrun

971 posts

Posted by Bullrunrun > 2021-12-07 19:25 | Report Abuse

All glove companies in red except Supermax.

Even though Supermax was ban in USA but they are able to sell their products online through other brand name.

Sell direct to consumers without middleman is very important for the sustainability profit.

ASP didnt drop as much compared to others glove makers.

TP: RM2.80

pjseow

2,264 posts

Posted by pjseow > 2021-12-07 19:52 | Report Abuse

"Next pandemic could be more lethal: AstraZeneca vaccine creator | Coronavirus pandemic News | Al Jazeera" https://www.aljazeera.com/amp/news/2021/12/6/next-pandemic-could-be-more-lethal-astrazeneca-vaccine-creator

Jason85

652 posts

Posted by Jason85 > 2021-12-07 20:00 | Report Abuse

Can feel shark swim in already

GlovesOff

2,499 posts

Posted by GlovesOff > 2021-12-07 20:41 | Report Abuse

haha pjseow ready change id ? 1.32 incoming

Ryan83

1,835 posts

Posted by Ryan83 > 2021-12-07 20:51 | Report Abuse

Why take so long 1 month Canada investigation report on Supermax labour issue still haven't completed....Top Glove coming QR this Friday profits likely will drop around 30% compares last QR

GlovesOff

2,499 posts

Posted by GlovesOff > 2021-12-07 21:09 | Report Abuse

i tot brand ambassador pjseow bang table during agm ???
****************
Why take so long 1 month Canada investigation report on Supermax labour issue still haven't completed

Posted by dianatrader > 2021-12-07 21:45 | Report Abuse

36 million trades and the movement breakeven.

Nothing interesting

pjseow

2,264 posts

Posted by pjseow > 2021-12-07 22:03 | Report Abuse

With 1.30 cash in.hand ,before it touches 1.32, supermx will sbb already.
Lets wait and see. Dont be too happy first.
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GlovesOff haha pjseow ready change id ? 1.32 incoming
07/12/2021 8:41 PM

Gerrardo

630 posts

Posted by Gerrardo > 2021-12-07 22:06 | Report Abuse

Hahaha. That's true

Posted by dianatrader > Dec 7, 2021 9:45 PM | Report Abuse

36 million trades and the movement breakeven.

Nothing interesting

MoneyMakers

7,665 posts

Posted by MoneyMakers > 2021-12-07 22:19 | Report Abuse

Where got shark swim in..alrdy drop 30% past 5 days, alot bilis trap swim into shark mouth

MoneyMakers

7,665 posts

Posted by MoneyMakers > 2021-12-07 22:27 | Report Abuse

Expecting more chickens get slaughtered friday TG QR

Posted by risingstar21 > 2021-12-07 23:25 | Report Abuse

Lucky it is breakeven

Ahhaha

Posted by dianatrader > Dec 7, 2021 9:45 PM | Report Abuse

36 million trades and the movement breakeven.

Nothing interesting

Tokok69

21 posts

Posted by Tokok69 > 2021-12-08 07:57 | Report Abuse

"I don't think it's good news to have something that spreads fast," Bourla told The Wall Street Journal during an interview at the paper's CEO Council Summit. "Spreads fast means it will be in billions of people and another mutation may come. You don't want that."

Knm_bottomed

1,122 posts

Posted by Knm_bottomed > 2021-12-08 08:00 | Report Abuse

*Pfizer Vaccine Less Effective Against Omicron Than Beta Variant -- South Africa Study

*Study Shows 40-Fold Reduction in Neutralization Capacity of Pfizer Vaccines Vs Omicron -- Scientist

Posted by NatsukoMishima > 2021-12-08 08:25 | Report Abuse

Today all glove stocks confirm drop kaw kaw 15 - 20%

Ryan83

1,835 posts

Posted by Ryan83 > 2021-12-08 08:27 | Report Abuse

Supermax net short selling continues to fall to lowest 20 millions shares equivalent to 0.74% as short sellers continues large share buy back at low prices every day

Posted by NatsukoMishima > 2021-12-08 08:28 | Report Abuse

64 only buy make safe because that s the bottom n fair value for smx in such volatility trend!

Posted by Benhobenhobenho > 2021-12-08 08:37 | Report Abuse

64 safe? No la better wait till 0.25 safer la, lol

Posted by BursaBearAlways > 2021-12-08 08:47 | Report Abuse

I wait 0.01
Ban rss kaw kaw

Posted by NatsukoMishima > 2021-12-08 09:34 | Report Abuse

0.25 yes when bossku become PM again !

Posted by Benhobenhobenho > 2021-12-08 10:09 | Report Abuse

Just bought some at 1.50.

Posted by Start_0f_the_bull > 2021-12-08 10:33 | Report Abuse

CBP ban, Canada and UK investigations are still ongoing. When other gloves counters drop, SM drops more, that is expected.

Posted by Habisgl0v3333 > 2021-12-08 10:33 | Report Abuse

Sad red again

Posted by Benhobenhobenho > 2021-12-08 10:36 | Report Abuse

SBB had been approved at the recent agm so it should be not too long SBB will start.

wkkht

957 posts

Sharegod88

546 posts

Posted by Sharegod88 > 2021-12-08 10:43 | Report Abuse

why red again? anyone still hold the shares?

Posted by Benhobenhobenho > 2021-12-08 10:59 | Report Abuse

Share buy back about to happen anytime soon. With so low a price, it will be a fatal mistake not to buy back n company can easily afford to with the retained billions in its coffers.

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

U.S. COVID update: Cases and hospitalizations continue to rise

- New cases: 116,690
- Average: 118,906 (+1,136)
- In hospital: 61,222 (+1,642)
- In ICU: 14,643 (+238)
- New deaths: 1,798
- Average: 1,303 (+46)

Posted by Benhobenhobenho > 2021-12-08 11:15 | Report Abuse

Some more winter coming in northern hemisphere

Posted by NatsukoMishima > 2021-12-08 11:15 | Report Abuse

Banker dont want push also no use lah how high cases ! 64 sens this round they will push !

Posted by Benhobenhobenho > 2021-12-08 11:19 | Report Abuse

When u have such a low price, u want it lower, then u will miss the boat forever. When opportunity shows up n if don't take it then it's a real pity. Yes it may go lower a bit but to wait, may just miss the chance.

Posted by Benhobenhobenho > 2021-12-08 11:34 | Report Abuse

U trust IBs too much u go holland n lose even your pants lol

Posted by investmalaysia618 > 2021-12-08 11:48 | Report Abuse

Meanwhile, based on his channel checks, Tan said glove players have not seen an increase in demand for gloves despite the emergence of the Omicron Covid-19 variant.

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So donkeys here can stop spreading Omicron

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