Posted by Sharegod88 > 2021-12-20 10:35 | Report Abuse

limit up now....

Posted by hoot9e996 > 2021-12-20 10:37 | Report Abuse

very hard to limit up lel, once up a lot everyone selling no more holding
SEE PROFIT TAKE PROFIT - retailer's mindset now after kena KON 99 by stocks in bursa

Posted by Sansing > 2021-12-20 10:38 | Report Abuse

Buy for long holding , u will laugh all the way to bank in 1 yr duration

Posted by Ryan83 > 2021-12-20 11:10 | Report Abuse

Top US infectious disease expert Dr. Anthony Fauci has warned of a new high in the number of deaths over the latest variant of Covid-19, omicron.

He made the comments during an interview with CNN, in which he was asked whether he expected new record high numbers for cases as well as hospitalizations and deaths.

“I think that that is going to happen,” Fauci confirmed. “We are going to see a significant stress in some regions of the country on the hospital system, particularly in those areas where you have a low level of vaccination, which is one of the reasons why we continue to stress the importance of getting those unvaccinated people vaccinated.”

He further anticipated “tough” times for US hospitals and the healthcare sector in the efforts to handle the new variant.

“It is going to be tough. We can't walk away from that... We can't, because, with omicron that we're dealing with, it is going to be a tough few weeks to months as we get deeper into the winter,” Fauci said.

The omicron variant, which was found in the US earlier this month, is said to have a much higher transmissibility than the previous variants.

“Well, the one thing that's very clear, and there's no doubt about this, is its extraordinary capability of spreading, its transmissibility capability. It is just, you know, raging through the world, really,” Fauci told NBC earlier.

Posted by Knm_bottomed > 2021-12-20 12:09 | Report Abuse

Missing moneymakers

Posted by monetary > 2021-12-20 12:22 | Report Abuse

As usual. After 2days spike will plunge further. This time will b deeper bcoz 1.45B is utilised for USA expansion. Less cash to support share price. Tariff on China glove clearly tell u USA has stocked sufficient cheap gloves. Malaysia glove asp has normalised and USA doesn't need China glove to threaten Malaysia glove. With normalised asp TG needs 3x prepandemic earning, SP needs 2x to achieve prepandemic eps as a result of bonus share. Good luck.

Posted by monetary > 2021-12-20 12:30 | Report Abuse

To those who chased high. Thanks for the chicken rice.

Posted by Knm_bottomed > 2021-12-20 12:32 | Report Abuse

Got limit up today or tomorrow. This week finish above 2.10

Posted by Sharegod88 > 2021-12-20 12:34 | Report Abuse

Knm_bottomed, u bought aat 2.10?

Posted by hoot9e996 > 2021-12-20 14:42 | Report Abuse

walao weh why like this

Posted by hoot9e996 > 2021-12-20 14:43 | Report Abuse

morning all gloves counter so strong, afternoon .... lao sai

Posted by cwc1981 > 2021-12-20 14:50 | Report Abuse

Same same only

Posted by Biliskecil > 2021-12-20 14:55 | Report Abuse

Still asking why like this meh? Already so many example let you see d… chart also show dead cat bounce lo

Posted by mf > 2021-12-20 14:56 | Report Abuse

Singapore

255 new COVID-19 cases in Singapore, including record 67 imported infections
19/12/2021

Posted by mf > 2021-12-20 14:57 | Report Abuse

Sydney shrugs off COVID-19 spike, resists calls to restore tough curbs
20/12/2021

Posted by JacobYim > 2021-12-20 14:57 | Report Abuse

today cant move lol

Posted by JacobYim > 2021-12-20 14:57 | Report Abuse

what happen

Posted by mf > 2021-12-20 14:59 | Report Abuse

Australia well prepared for mounting COVID-19 cases: Health minister
19/12/2021

Posted by mf > 2021-12-20 15:07 | Report Abuse

Netherlands starts 'painful' Christmas COVID-19 lockdown
20 hours ago

Posted by cwc1981 > 2021-12-20 15:08 | Report Abuse

Looks like need to hold longer

Posted by Ryan83 > 2021-12-20 15:08 | Report Abuse

Stock futures were lower following a losing week as investors continued to grapple with the resurgence of Covid cases and an upcoming shift in the Federal Reserve’s easy monetary policy.

Futures on the Dow Jones Industrial Average dropped 420 points, or 1.19%. S&P 500 futures dipped 1.25% and Nasdaq 100 futures declined 1.24%

Posted by StartOfTheBull > 2021-12-20 15:15 | Report Abuse

Tha same cycle repeat again and again. Still got people chased high.

Posted by JacobYim > 2021-12-20 15:19 | Report Abuse

yea need to hold lol

Posted by mf > 2021-12-20 15:27 | Report Abuse

Israel in fifth COVID-19 wave, mulls adding US to Omicron 'red' list
9 hours ago

Posted by JacobYim > 2021-12-20 15:45 | Report Abuse

aiyo drop back

Posted by mf > 2021-12-20 15:47 | Report Abuse

The Star
Floods: 181 Covid-19 cases detected among flood victims so far, Khairy warns of possible hike
2 hours ago

Posted by Knm_bottomed > 2021-12-20 16:00 | Report Abuse

430 got show

Posted by mf > 2021-12-20 16:02 | Report Abuse

Covid news: UK reports 82,886 new cases; Omicron dominant in Ireland – as it happened

Posted by Sharegod88 > 2021-12-20 16:06 | Report Abuse

Knn_bottomed, 430pm limit up?

Posted by Bullrunrun > 2021-12-20 18:42 | Report Abuse

Just buy and forget.

Cash in hand Rm 1.30 per share

Great expansion in USA to supply local there almost 20% of the market.
Sign contract to supply.

Target price RM 4.50 by 2022

Posted by Bullrunrun > 2021-12-20 18:52 | Report Abuse

215 acres land in Texas to supply glove and signed contract with Department of Defence.

Supermax will be better off once the factory ready by 2022 mid year.

Posted by stockraider > 2021-12-20 19:23 | Report Abuse

U ask yourself lah! Supermax set up gloves factory in USA....can it make money or not leh!?

The min pay in USA is USD 50 per hr or Rm 210 per hr...whereas in Msia min pay only Rm 6 per hr loh!

So the labor cost in USA is 35x higher than msia mah!

U may say...go fully automation lah !
But on practical side cannot fully automate, still need labor mah!

Thus u still need labor & yet spend alot of capex loh!

But is USA & Canada willing to pay very much higher price to cover its very much higher local usa production cost leh ??

Not that easy for supermax, for its gloves factory in USA loh!

Posted by Ryan83 > 2021-12-20 20:03 | Report Abuse

Minimum wages per hour in US is around USD7-8 (RM30-35) so the labour cost is around 5-7 times higher than Malaysia foreigners labour cost.... Anyway glove demands set to increase next year as Omicron variant peak as early as Jan/Feb

Posted by i3lurker > 2021-12-20 20:11 | Report Abuse

Walmart 15.00
Amazon 18.00

Kellogg 22.41
Target 11.20

Dollar 7.99
General Motors 12.44

Boeing 13.60

for newco US gloves factories a pay of USD8.00 should be able to hire workers

Posted by cwc1981 > 2021-12-20 20:21 | Report Abuse

Guess businessman won't do lose money business kua.

Posted by cwc1981 > 2021-12-20 20:21 | Report Abuse

Must have some incentives

Posted by NatsukoMishima > 2021-12-20 21:14 | Report Abuse

Wow this time really in big trouble because US n europe countries all underestimated the virulent of omicron n it is killing more victims now in UK !
Stay home stay safe ,lock down is the only way to curb this pandemic !

Posted by pjseow > 2021-12-20 21:59 | Report Abuse

Labour cost accounts for only 11 % of total glove mfg cost. The major cost is raw material which accounts for 50 % of the cost followed by natural gas or fuel. Assuming.the cost for Nitrile glove is US20 per thousand and US labour cost is 5x.of Malaysia, the additional labour cost is 2.2 x 5 or US 11 . Total cost will be 20 x 0.89 or 17.8 plus 11 . Total cost is 28.8 . Overall , it is 44 % higher . The US volume or capacity is only 10 % of total supermx capacity . Overall weighted cost will be 20 x 0.9 plus 28.8 x 0.1 . The number is US 20.88 or a mere 4.4.% increase in overall cost. The savimg on.freight cost may.mitigate or minimise such increase. If PROXIMITY to customers improve customers INTIMACY , it is worth it.

Posted by dianatrader > 2021-12-20 22:04 | Report Abuse

Thanks mate

Posted by mf > Dec 20, 2021 3:47 PM | Report Abuse

The Star
Floods: 181 Covid-19 cases detected among flood victims so far, Khairy warns of possible hike
2 hours ago

Posted by Bullrunrun > 2021-12-20 22:09 | Report Abuse

Use Robot no need salary one...

Posted by myinvestor > 2021-12-20 22:33 | Report Abuse

American always buy their own produced products first. Made in USA. Cost factor may not be a issue.

https://www.moneycrashers.com/products-made-usa-american-made/

According to a 2015 report by Consumer Reports, 80% of American shoppers say they prefer to buy goods made in the United States. More than 60% say they’d even be willing to pay 10% more for an American-made product.

Posted by kami82 > 2021-12-20 22:39 | Report Abuse

1.70 tomorrow?

lets see will sell

Posted by myinvestor > 2021-12-20 22:43 | Report Abuse

SPMX had chosen Texas because of offer of tax relief for 15 years. This will save million on taxes.

Posted by i3lurker > 2021-12-20 22:50 | Report Abuse

US Gloves factories
for fully automated 2 Billion per year requires 300 jobs

=> no overtime thats why

:)

Posted by myinvestor > 2021-12-20 23:04 | Report Abuse

Maxter Healthcare’s decision to choose Texas started with a site list that included New York, South Carolina, Georgia, Florida and Texas. The list was narrowed to Florida and Texas with the decision to locate in Brazoria County, Texas finalized this year.

Local support for the development has been strong and encouraging.

“We welcome Maxter Healthcare and the significant investment they are making in the county and the great job opportunities they will provide for our citizens.” Brazoria County Judge Matt Sebesta

Superintendent Carol Nelson, said, “The long-term benefits of a project like this in our community are clear and significant. The direct and indirect jobs and educational partnerships abound. The implications of a project like this goes far beyond our local boundaries and will add to our local economy.”

“Our community is uniquely suited for this project, said
Phyllis Saathoff, Executive Director/CEO of Port Freeport. “It is significant because the project will bring important PPE capacity home and create jobs for our citizens. Maxter will benefit not only from our Port’s strategic location and capacities, but a symbiotic relationship with other local industries for feedstock. This project makes sense especially in light of the ongoing supply chain interruptions experienced around the world.”

https://www.themarcomjournal.com/article/558572259-maxter-healthcare-selects-brazoria-county-for-first-u-s-manufacturing-complex

Posted by pjseow > 2021-12-20 23:31 | Report Abuse

Yes, besides saving on.freight charges, there is no corporate tax and windfall tax .
---------------
myinvestor SPMX had chosen Texas because of offer of tax relief for 15 years. This will save million on taxes.
20/12/2021 10:43 PM

Posted by Knm_bottomed > 2021-12-20 23:33 | Report Abuse

Ppe is small budget only for US. No problem paying premium for locally made products

Posted by Ryan83 > 2021-12-20 23:37 | Report Abuse

Supermax 1st phase 4.8 billions capacity revenue contribution earliest by 1st quarter 2023... Omicron variant deadly effects coming full force next January in US and all European countries

Posted by masterus > 2021-12-21 06:30 | Report Abuse

Customs and Border Protection (CBP) detain imports of disposable gloves produced by Supermax on forced labour allegations vs Supermax invests US$350m to build first phase of major manufacturing facility in US. Being bullied by the them but still wanted to crawling back to invest and build a factory at there.

Posted by masterus > 2021-12-21 06:33 | Report Abuse

As said previously, how bad is they treated our company previously but they still crawling back to them and invest there.