SUPERMAX CORPORATION BHD

KLSE (MYR): SUPERMX (7106)

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Last Price

0.885

Today's Change

+0.04 (4.73%)

Day's Change

0.845 - 0.885

Trading Volume

13,104,700


100 people like this.

222,677 comment(s). Last comment by 5231428 2 hours ago

Ryan83

1,835 posts

Posted by Ryan83 > 2022-01-09 12:59 | Report Abuse

Scientists in Cyprus have found 25 cases of a strain of the coronavirus that they say combines elements of the delta and omicron variants, dubbing it “deltacron,” with a high proportion of the variant found in patients hospitalized for Covid-19, a professor involved in the identification of the new strain said Saturday.

BoomBerg

812 posts

Posted by BoomBerg > 2022-01-09 14:37 | Report Abuse

New 'Deltacron' coronavirus variant discovered in Cyprus

https://flip.it/wsD567

Ron90

4,113 posts

Posted by Ron90 > 2022-01-09 22:46 | Report Abuse

one thing for sure..gloves sales much2 higher than pre covid era.. means profit masih kekal banyak2 ler.. with number of infection in this region olso skyrocket now.. sooner or later.. ppl will get back to glove counters.. monday would be the last day for u guys. I believe la.. hehe.

masterus

3,600 posts

Posted by masterus > 2022-01-10 07:21 | Report Abuse

WASHINGTON - The United States Centres for Disease Control and Prevention (CDC) is working with Singapore's Ministry of Health regarding the country's Covid-19 testing data, the US agency told Bloomberg News on Thursday (Jan 6).

The CDC will also update its Travel Health Notice for Singapore accordingly.

The move comes days after the CDC earlier this week reclassified its Covid-19 advisory for Singapore and said the situation in the country was "unknown".

masterus

3,600 posts

Posted by masterus > 2022-01-10 07:23 | Report Abuse

The CDC's designation surprised officials in Singapore, which maintains far stricter testing and social distancing measures than the US, and its Ministry of Health posts detailed virus statistics in English online every day.

In response, Singapore said it would share its Covid-19 statistics with the CDC and the local US embassy.

"Just to be clear, we know our situation very well," Health Minister Ong Ye Kung told reporters on Wednesday.

masterus

3,600 posts

Posted by masterus > 2022-01-10 07:27 | Report Abuse

This is happen when us not happy with you and find an excuse to blame and kacau you. Just like us don't happy with your country, find an excuse of forced labour to your country company etc gloves companies over forced labour claim.

masterus

3,600 posts

Posted by masterus > 2022-01-10 07:28 | Report Abuse

That put Singapore in the company of Afghanistan, North Korea and Syria under a category of destinations which Americans are told to avoid because of high infections.

masterus

3,600 posts

Posted by masterus > 2022-01-10 07:30 | Report Abuse

Don't listen to us, us angry and find excuses to kacau you.

masterus

3,600 posts

Posted by masterus > 2022-01-10 07:31 | Report Abuse

Us is the emperor and ruler of the world.

masterus

3,600 posts

Posted by masterus > 2022-01-10 09:33 | Report Abuse

DUBAI/WASHINGTON (Reuters) -- The United Arab Emirates has informed the United States that it will suspend discussions to acquire F-35 fighter jets, a UAE official said on Tuesday, part of a $23 billion deal that also includes drones and other advanced munitions.

The sale of 50 F-35 warplanes made by Lockheed Martin to the UAE had slowed amid concerns in Washington over Abu Dhabi's relationship with China, including use of Huawei 5G technology in the country.

"Technical requirements, sovereign operational restrictions, and cost/benefit analysis led to the re-assessment," the UAE official said in a statement to Reuters that confirmed a report in the Wall Street Journal.

Posted by Habisgl0v3333 > 2022-01-10 09:49 | Report Abuse

Here became a spam forum from glovers. Then u know u must stay away

Posted by Investor126 > 2022-01-10 10:34 | Report Abuse

Funds and Supermax do not want to buy, let retailers buy.

Rockers

249 posts

Posted by Rockers > 2022-01-10 11:03 | Report Abuse

Slowly & surely going up , be patient Bro !!

rajuselva

17 posts

Posted by rajuselva > 2022-01-10 11:54 | Report Abuse

gloves up follow virus

sharemarket21

1,911 posts

Posted by sharemarket21 > 2022-01-10 12:27 | Report Abuse

Nimble all you can and waiting to cash out pre post CNY rally or GE sentiment when funds flowing into Bursa again. Set TP 15-20% or additional 10% max returns.

paperplane

21,658 posts

Posted by paperplane > 2022-01-10 12:47 | Report Abuse

市场知道你们不知道的事情。你知道你不知道了吗

Dannyfyl88

1,218 posts

Posted by Dannyfyl88 > 2022-01-10 14:37 | Report Abuse

No...pls wait for me to gather bullets to buy. Why go up so soon? Did not load up enough....

Posted by Investor126 > 2022-01-10 14:48 | Report Abuse

https://www.theedgemarkets.com/article/sector-year-collapse-glove-stocks


Do not worry. You have plenty of time to buy.

accure

66 posts

Posted by accure > 2022-01-10 14:57 | Report Abuse

https://www.nst.com.my/business/2021/12/756169/glove-asps-continue-decline-1h-2022-says-hlib-research

anyone can clarify this?? cuz today i checked seems like nitrile and latex med glove are back in 100-200 usd price range per 1000 pcs??

Sunyata

166 posts

Posted by Sunyata > 2022-01-10 15:20 | Report Abuse

the edge article sounds like the author thinks soon there will be world peace, most people healthy without sickness, glove usage will drop drastically. Althou i don't wish for it to happen but, i would say catastrophes will keep on coming, if we continue our never ending progress of destruction to earth, and more likely we won't stop soon... so, whatever nonsense we chasing after, chaos is quite inevitable.

myinvestor

1,218 posts

Posted by myinvestor > 2022-01-10 15:46 | Report Abuse

ASP still at USD 60-61. IBs just pluck ASP from the air without any solid data.

https://www.youtube.com/watch?v=XTw1a96df08

Taipan

1,139 posts

Posted by Taipan > 2022-01-10 15:51 | Report Abuse

Media trying to push glove stock down so that IBs can buy cheap.

Ryan83

1,835 posts

Posted by Ryan83 > 2022-01-10 16:02 | Report Abuse

Supermax can't export to US market since October and their US market share already taken over by other top 3 glove companies and new record high hospitalizations in US has caused very high usage and demands of gloves in US healthcare systems

Dannyfyl88

1,218 posts

Posted by Dannyfyl88 > 2022-01-10 16:05 | Report Abuse

Sooner or later... reality kicks in... Covid is NOT going to away so soon. I hate wearing Mask, check-in on MySejahtera and social distancing empty seats BS in MRT and these BS will be with us for a few years down the line. Gloves will always be on high demand and with more New variances, it will be in more demand. Should have bought TG and SM last month... WTF.

AdCool

3,864 posts

Posted by AdCool > 2022-01-10 16:19 | Report Abuse

The more they suppress the more pressure it build up. Just need to be patient.

Panorama1

971 posts

Posted by Panorama1 > 2022-01-10 18:20 | Report Abuse

Stay Invested :-) Nothing Venture Nothing Gain. Too early to take profit.

paperplane

21,658 posts

Posted by paperplane > 2022-01-10 22:02 | Report Abuse

you want to know, ask lah insider dalam Gloves companies, so many companies to ask for price, aiyoyoyoyo

mf

29,066 posts

Posted by mf > 2022-01-10 22:09 | Report Abuse

US 30 36,159.2 -72.5 -0.20%
US 500 4,648.0 -29.0 -0.62%

DJoker89

4,901 posts

Posted by DJoker89 > 2022-01-10 22:27 | Report Abuse

Is true up too fast alrd,
I'm still waiting 0.65 wet dream LOL

Posted by StockGodFatt > 2022-01-11 00:04 | Report Abuse

Technology stocks starts to koyak. Smart money has moved to gloves stocks now.

masterus

3,600 posts

Posted by masterus > 2022-01-11 07:13 | Report Abuse

UK faces legal action for approving firm accused of using forced labour as PPE supplier
High court to review government’s decision to include subsidiary of Malaysia’s Supermax in £6bn ‘framework’ deal for buying gloves

masterus

3,600 posts

Posted by masterus > 2022-01-11 07:13 | Report Abuse

The UK government is facing legal action over its decision to keep using a Malaysian company accused of using forced labour as a supplier of personal protective equipment (PPE) to the NHS.

Lawyers at the London-based law firm Wilson Solicitors have filed for a judicial review of the government’s decision to name the UK subsidiary of the Malaysian company Supermax as one of the approved suppliers in a new £6bn contract for disposable gloves for NHS workers.

masterus

3,600 posts

Posted by masterus > 2022-01-11 07:14 | Report Abuse

Supermax has faced persistent allegations of the use of forced labour involving its migrant workforce at factories in Malaysia since 2019. In October 2021, the US banned imports from Supermax after an investigation found “ample evidence” of forced labour. Canada halted federal imports in November 2021, also due to concerns over labour abuses.

In 2019 Supermax workers claimed they had to work 30 days in a row without a day off and had paid high fees in their home countries to get the jobs. The company denied the allegations.

masterus

3,600 posts

Posted by masterus > 2022-01-11 07:14 | Report Abuse

After the US ban, the UK government launched its own investigation into the allegations of modern slavery and forced labour concerning Supermax. But in December 2021 Supermax was named as one of the approved suppliers able to pitch for contracts under NHS Supply Chain’s new “framework agreement” for the purchase of surgical gloves.

masterus

3,600 posts

Posted by masterus > 2022-01-11 07:16 | Report Abuse

The West find an excuse to punishing the unfavourable nation. Forced labour tool.

Ryan83

1,835 posts

Posted by Ryan83 > 2022-01-11 09:42 | Report Abuse

The United States is poised to surpass its record for covid-19 hospitalizations as soon as Tuesday, with no end in sight to skyrocketing case loads, falling staff levels and the struggles of a medical system trying to provide care amid an unprecedented surge of the coronavirus.

Monday’s total of 141,385 people in U.S. hospitals with covid-19 fell just short of the record of 142,273 set on Jan. 14, 2021, during the previous peak of the pandemic in this country.

But the highly transmissible omicron variant threatens to obliterate that benchmark. If models of omicron’s spread prove accurate — even the researchers who produce them admit forecasts are difficult during a pandemic — current numbers may seem small in just a few weeks. Disease modelers are predicting total hospitalizations in the 275,000 to 300,000 range when the peak is reached, probably later this month.

Posted by Investor126 > 2022-01-11 09:52 | Report Abuse

RM1.44, the panic alarm been triggered and reaching a new low soon.
Be wary as the trap moves on. This counter cocked-up.
Funds and Supermax do not want to buy.

Ryan83

1,835 posts

Posted by Ryan83 > 2022-01-11 10:20 | Report Abuse

Pfizer CEO Albert Bourla on Monday said two doses of the company’s vaccine may not provide strong protection against infection from the omicron Covid variant, and the original shots have also lost some of their efficacy at preventing hospitalization.

Bourla, in an interview at J.P. Morgan’s healthcare conference, emphasized the importance of a third shot to boost people’s protection against omicron.

“The two doses, they’re not enough for omicron,” Bourla said. “The third dose of the current vaccine is providing quite good protection against deaths, and decent protection against hospitalizations.”

Bourla said omicron is a more difficult target than previous variants. Omicron, which has dozens of mutations, can evade some of the protection provided by Pfizer’s original two shots.

Posted by Habisgl0v3333 > 2022-01-11 12:29 | Report Abuse

Sad to see, is hard to talk sense to glovers

rocky_88

1,034 posts

Posted by rocky_88 > 2022-01-11 12:39 | Report Abuse

just a healthy correction.. dont worry

Posted by Investor126 > 2022-01-11 14:34 | Report Abuse

Deemed healthy correction if dispose and acquire is almost proportionate.

But this one is unhealthy, plus not correction. Huge dumping. Some one is playing obviously.

rocky_88

1,034 posts

Posted by rocky_88 > 2022-01-11 16:18 | Report Abuse

no worries.. price is supercheap.. just hodl..

Posted by NatsukoMishima > 2022-01-11 16:32 | Report Abuse

Look like 64 sen is coming soon !

Posted by NatsukoMishima > 2022-01-11 16:48 | Report Abuse

Covid vaccine programs could end with third dose for most people, Israeli doctor predicts
PUBLISHED TUE, JAN 11 20222:19 AM EST

Posted by Investor126 > 2022-01-11 16:49 | Report Abuse

Not going to rub salts on your wound but I do not understand how you define the share price as supercheap. Maybe you are considering P/E ratio, NTA, cash on hand etc., who knows? Any bad news later, this counter could be a dead duck. After all, it is already deteriorating.

What I see is no fund wants it so far. Someone experienced can please enlighten me. Thank you.

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