Posted by myway > 2021-12-17 15:24 | Report Abuse

吉速柏玛美国首座厂房-首阶段投资15亿令
https://www.enanyang.my/%E8%B4%A2%E7%BB%8F%E6%96%B0%E9%97%BB/%E9%80%9F%E6%9F%8F%E7%8E%9B%E7%BE%8E%E5%9B%BD%E9%A6%96%E5%BA%A7%E5%8E%82%E6%88%BF-%E9%A6%96%E9%98%B6%E6%AE%B5%E6%8A%95%E8%B5%8415%E4%BA%BF%E4%BB%A4%E5%90%89

Posted by Ryan83 > 2021-12-17 15:25 | Report Abuse

Gloves strong rally in anticipation of Omicron variant burst in US and Europe post long 2 weeks Christmas and New Year holidays...US and European countries should be planning large stockpiling of nitrile gloves to tackle rising overwhelming hospitalisations by early January

Posted by Roy 8 > 2021-12-17 15:31 | Report Abuse

pump and dump again? One day affair?

Posted by linheng > 2021-12-17 15:51 | Report Abuse

OTHERS Supermax Corporation Berhad ("Supermax" or "the Company") Press Release: Supermax invests USD350 million to build first phase of manufacturing facility in the United States
SUPERMAX CORPORATION BERHAD

Type Announcement
Subject OTHERS
Description Supermax Corporation Berhad ("Supermax" or "the Company")
Press Release: Supermax invests USD350 million to build first phase of manufacturing facility in the United States
Pursuant to Paragraph 9.03 of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, the Company wishes to announce that Supermax will invest USD350 million to build its first phase of manufacturing facility in the United States.

Kindly refer to the attached press release for further information.

This announcement is dated 17 December 2021.

Posted by linheng > 2021-12-17 15:51 | Report Abuse

Sure sudah kaotim CBP ban

Posted by Benhobenhobenho > 2021-12-17 15:57 | Report Abuse

CBP ban lifted on the way

Posted by NatsukoMishima > 2021-12-17 16:00 | Report Abuse

USD 550 million for new plant while ASP drop like hell , cash flow all gone ! No more cash dividen ! What do u think of this new plant ??

Posted by haha1234 > 2021-12-17 16:05 | Report Abuse

lol this is well played

Posted by haha1234 > 2021-12-17 16:06 | Report Abuse

market gonna float with glove

Posted by BursaBearAlways > 2021-12-17 16:09 | Report Abuse

Brazil factory churning gloves for usa canada market.
Andy la la busy no go to brazil.
Andy loves malaysia factory


Malaysia fctory supply to South America.

Supermx is untouchable

Posted by 6222 > 2021-12-17 16:10 | Report Abuse

Once manufacturing plant in US start production they will apply for listing in Dow

Posted by Superbull8798 > 2021-12-17 16:21 | Report Abuse

Today Dead cat rebound , by Feb TP = 90 sen

Posted by myinvestor > 2021-12-17 16:32 | Report Abuse

Supermax Corp Bhd's US-based subsidiary Maxter Healthcare Inc is planning a major manufacturing facility in Texas to increase glove production.

In a statement, the rubber glove maker said the facility will be built in four phases, with the first one to start in the first quarter of 2022 and production to be possible from this phase by the fourth quarter of the same year.

"Each phase is expected to produce 400 million gloves per month. When all four phases are completed, the total installed capacity will be a whopping 1.6 billion gloves per month or 19.2 billion gloves per annum," Supermax said, adding that its board of directors had approved a total capital spending of US$550 million (about RM2.32 billion) for the capacity expansion.

The investment identified for the first phase will total US$350 million and comprise the group's North America manufacturing headquarters, a research and development centre, a training centre and an employee facility centre, said Supermax.

https://www.klsescreener.com/v2/news/view/925561/supermax-invests-us-350m-to-build-first-phase-of-major-manufacturing-facility-in-us

Posted by Superbull8798 > 2021-12-17 16:41 |

Post removed.Why?

Posted by hoot9e996 > 2021-12-17 16:48 | Report Abuse

hard to say, maybe those tax incentives, better relationship with government, control in market share. i take it as a good investment, if they use their factory in US to further extend their business to neighboring countries.
long run better be close to where your source of income is anyway

Posted by UPlanet > 2021-12-17 16:50 | Report Abuse

Sell higher price with higher cost where US government will impose higher import duty on imported gloves?

Posted by Superbull8798 > 2021-12-17 16:53 | Report Abuse

Here Malaysia , Supermx employ Bangladeshi , mymar ,indo work like. Dog , work 12 hour per day , per week work 6 day, pay salary RM 1200 per month , acomodation provided 3 bedroom house ,30 ppl stay , threat foreign worker like dog , ,

Earn big money all in his big boss pocket . A dog only pay enough eat .

Don’t know why go U.S set up factory ,employer all U.S ,pay salary USD , come the end loss money invest in U.S

Posted by BursaBearAlways > 2021-12-17 16:53 | Report Abuse

Pecah bumbong monday

Posted by hoot9e996 > 2021-12-17 16:54 | Report Abuse

thats the thing i dont get it as well, production of "cheap" goods at expensive location, US cost of operation is high. how many gloves needed to be sold to cover the cost. all i can think of is creating connection and market control.

thats why you see a lot of "cheap" goods are made in asia where cost of labour is the main cost, is cheap there.

Posted by Benhobenhobenho > 2021-12-17 16:56 | Report Abuse

Uptrend continue next week

Posted by hoot9e996 > 2021-12-17 16:57 | Report Abuse

who cares next week uptrend!!!!!!!!

Posted by hoot9e996 > 2021-12-17 16:58 | Report Abuse

when was the last time all gloves counter closed green!!!!!! except the 2 days after omicron was first detected NEVER!!!!!!!

Posted by 6222 > 2021-12-17 17:00 | Report Abuse

Good to setup in US save a lot on freight cost, container lately up a lot from usd 100-200 to 1,000-2,000

Posted by Ryan83 > 2021-12-17 17:02 | Report Abuse

Supermax closing strongest up 12% today and gloves year end rally just started

Posted by StartOfTheBull > 2021-12-17 17:05 | Report Abuse

Made in USA vs made in Malaysia. Now the game changed.

Posted by kbtsyl68 > 2021-12-17 17:10 | Report Abuse

Today all shorties already go for christmas holiday.next year 2022 only start operations again.

Posted by hoot9e996 > 2021-12-17 17:15 | Report Abuse

im pretty sure the cost of making gloves major % is labour and materials.

Posted by foo > 2021-12-17 17:15 | Report Abuse

Supermax invests US$350m to build first phase of major manufacturing facility in US
KUALA LUMPUR (Dec 17): Supermax Corp Bhd's US-based subsidiary Maxter Healthcare Inc is planning a major manufacturing facility in Texas to increase glove production.
In a statement, the rubber glove maker said the facility will be built in four phases, with the first one to start in the first quarter of 2022 and production to be possible from this phase by the fourth quarter of the same year.
"Each phase is expected to produce 400 million gloves per month. When all four phases are completed, the total installed capacity will be a whopping 1.6 billion gloves per month or 19.2 billion gloves per annum," Supermax said, adding that its board of directors had approved a total capital spending of US$550 million (about RM2.32 billion) for the capacity expansion.
The investment identified for the first phase will total US$350 million and comprise the group's North America manufacturing headquarters, a research and development centre, a training centre and an employee facility centre, said Supermax.
This project will be Supermax’s 18th manufacturing facility worldwide and its first in the US.
Supermax founder and executive chairman Datuk Seri Stanley Thai said the manufacturing plant will be equipped with world-class capabilities, such as automation, robotic engineering manufacturing with artificial intelligence and Industry Revolution 4.0.
“This manufacturing facility, when operational, will strengthen the US personal protective equipment supply chain by building capacities.
“We will be capable of catering to at least 10% to 15% of annual medical glove imports into the US over the next two to four years. Over the next four to six years, as our capacity increases, we will be able to provide for 20% to 25% of demand and consumption in the US,” he added.
At the time of writing on Friday (Dec 17), Supermax shares had risen eight sen or 6.06% to RM1.40, valuing the company at RM3.81 billion. The stock, however, had fallen 75% year-to-date

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

made in malaysia, most of cost is MYR, sold in USD
made in usa, most of cost is usd, sold in USD

1 usd = myr 4.22

Posted by Jason85 > 2021-12-17 17:32 | Report Abuse

Local to local is good strategy.. Company must consider lead time and time cost.. Tax issue and also product sales prices.

Posted by pjseow > 2021-12-17 17:34 | Report Abuse

https://www.enanyang.my/node/448648

Posted by hoot9e996 > 2021-12-17 17:56 | Report Abuse

who cares lets all pray for gloves rally next week

Posted by Jason85 > 2021-12-17 18:05 | Report Abuse

Automated factory is good.. Better quality control.. Lower cost when come to mass production

Posted by DrSteel > 2021-12-17 19:54 | Report Abuse

ANNJOO - Truth to be told

https://klse.i3investor.com/blogs/informationtech/2021-12-17-story-h1595657474-ANNJOO_Truth_to_be_told.jsp

Posted by Benhobenhobenho > 2021-12-17 20:01 | Report Abuse

Did anyone of u notice or not, there's will always be IBs downgrade on glove stocks like supermax n top glove each time there's about to be a rally in glove stocks. It happened quite many times like as if they were worried share prices of glove stocks will fly. To me, I believed all these IBs do have a hidden agenda to finish n kill off glove stocks so they can profit to the maximum. Even yesterday they published negative remarks on TG in an article

Posted by Benhobenhobenho > 2021-12-17 20:02 | Report Abuse

This happened quite too often to be coincidence

Posted by DJoker89 > 2021-12-17 20:06 | Report Abuse

what happen to Inari???

Hahahahahaha told you guys to stay away from tech, EV and recovery.

Glove is the cheapest safe heaven for now. Don't miss out.

Kakakakakaka

Posted by DJoker89 > 2021-12-17 20:21 | Report Abuse

England's Chief Medical Officer Chris Whitty said on Wednesday that the Omicron coronavirus variant posed a really serious threat and that what health officials already knew about was "bad".

https://www.google.com/amp/s/m.economictimes.com/news/international/world-news/omicron-is-very-serious-threat-what-we-know-is-bad-uk-health-official/amp_articleshow/88310144.cms

Posted by NatsukoMishima > 2021-12-17 20:28 | Report Abuse

https://www.klsescreener.com/v2/news/view/925685

Posted by DJoker89 > 2021-12-17 20:36 | Report Abuse

IDSS lifted indeed a good news.
Now everyone can SHORT fly high counter.

Smart one will know which counter good to short.

Hahahahahahha...Hooray

Posted by beinvested > 2021-12-17 20:37 | Report Abuse

https://www.youtube.com/watch?v=FUUIF4ttSxo

Posted by DJoker89 > 2021-12-17 22:05 | Report Abuse

Meanwhile let's watch tonite Nasdaq if another -2% wipe off. Hahahahaha

Posted by Benhobenhobenho > 2021-12-17 22:19 | Report Abuse

Too many things happened not just out of coincidence but rather there's a hidden agenda behind them. Like for example IBs gave very high TPs for glove stocks last year probably to lure retailers to chase to high levels n this year especially these few months gave ridiculously low TPs to the same glove stocks so as to continuously press down the prices. Since many got trapped at high prices, obviously they cannot afford to cut loss n some may even sell off their holdings due to the urgent need of funds.

Posted by Jason85 > 2021-12-17 22:29 | Report Abuse

Hold and see the true value.. I believe Supermax profit will be OK.. PE1 is undervalue for Supermax.. You may count Forward PE with current 10% EPS

Posted by Ryan83 > 2021-12-17 23:39 | Report Abuse

US and European markets red sea today as Omicron variant threats increasing day by day in US and all European countries whereby hospital beds will be overwhelmed 2-4 weeks after Christmas and New Year holidays

Posted by gordonn > 2021-12-18 01:39 | Report Abuse

KUALA LUMPUR: Supermax Corp Bhd is planning to start construction on the first phase of its new US-based manufacturing facility in Texas, US, in 1Q2022. Good news for Supermax, think the undervalued price will rise again.

Posted by pjseow > 2021-12-18 08:30 | Report Abuse

US imposed taxes on China Nitrile gloves? Good news for Malaysian.glove makers?
-----------------
https://youtu.be/BPLQIzjGxnk

Posted by 8899EL8899 > 2021-12-18 09:19 | Report Abuse

supermax want to build a factory in US not a smart move,.......... it will end up a failure one,........ losing billions ringgit,............. the production cost in US is too high ,......... HOW TO MAKE CHEAP GLOVE,........ intel chip also made in malaysia........

Posted by Knm_bottomed > 2021-12-18 09:34 | Report Abuse

Good strategy to go direct to US because of coming uncertaitainties in supply chain, wars, and conflicts in other parts

Posted by Ryan83 > 2021-12-18 09:39 | Report Abuse

LONDON: The British government on Friday reported 93,045 new coronavirus cases, a third consecutive record daily tally, as the Omicron variant fuels a surge in infections across the country.

Scotlandinister Nicola Sturgeon said Omicron is now the country's dominant coronavirus strain, adding "the tsunami I warned about a week ago is now starting to hit us."

And Welsh leader Mark Drakeford told citizens to brace for the "storm of Omicron" having announced the country's nightclubs will close after December 26 and social distancing reintroduced in shops and workplaces.