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

Posted by investmalaysia618 > 2022-01-14 16:42 | Report Abuse

Exactly, becareful for what you wish for. last year people keep saying rm3 come lo this and that. now RM1.4 give you hahaha
-------------------
Habisgl0v3333 Last time I keep saying Fpe 1 fpe 1 .. today pe 1

Posted by Investor126 > 2022-01-14 16:53 | Report Abuse

Be very wary with this up 1 cent, down 10 cents counter. No fund wants to buy.
Do not listen to those who call buy for Chinese New Year angpau. You do not get angpau till then but seeing the share price in red.

Maridien2

1,084 posts

Posted by Maridien2 > 2022-01-14 17:56 | Report Abuse

Omicron's not the last variant we'll see. Will the next one be bad?

"There's no reason to believe that the virus has run out of room, genetically," he said. "I would expect that we're going to see more variants, and we're going to see similar types of wave-like behavior," meaning a surge in infection rates following a new variant's introduction.

https://www.livescience.com/coronavirus-variants-after-omicron-2022

CITADEL

1,867 posts

Posted by CITADEL > 2022-01-15 14:20 |

Post removed.Why?

Posted by Habisgl0v3333 > 2022-01-16 01:12 | Report Abuse

Investor126 I've been warning investor since nov16,2020 , that price was rm8+ , when I said fpe1 will be used, glovers ejaculated me with their theory, most of them using new norms with glove, vaccine useless etc. And I'd been doing gods work by keep on posting and advice like mother to son. Then they said I'm paid by ib, short sellers. Ostrich thinking such as DJoker89 will always be the biggest loser. Lastly My account was banned by glovers. Can't even comment now, and I created another one just to keep on warning mooncake business. Enough nagging. Just posting this to say ; checkmate.

Image for prove : https://imgur.com/a/1kPBcxn

Posted by Habisgl0v3333 > 2022-01-16 01:16 | Report Abuse

Even if 1 investor listened , I'm happy. Glove price will still go down, but already limited downsize , even if buyer : hold long term is not as risky as before. My job is done here. Will still comment on and off but this mark my theory correct and won't as negative as before. That's the most important point to checkmate glovers. No hard feelings if I offend anyone which I try not to. I earned in supermx and tg which I'm truly grateful and by helping, I try to warn other investor since the peak. But my job is done here. Cheers

Posted by Habisgl0v3333 > 2022-01-16 01:21 | Report Abuse

I hope everyone a happy Chinese new year and happy holiday, stay safe

AlanNga

184 posts

Posted by AlanNga > 2022-01-16 03:54 | Report Abuse

CITADEL kena silencer?

newguy0801

1,616 posts

Posted by newguy0801 > 2022-01-16 10:16 | Report Abuse

Canada just terminated the contract with Supermax? I saw that news from Andy Hall's Twitter.

Posted by Habisgl0v3333 > 2022-01-16 12:38 | Report Abuse

hahahah supermx kena sad

Ryan83

1,835 posts

Posted by Ryan83 > 2022-01-16 13:01 | Report Abuse

The new report from Britain, which included data on people who had received the AstraZeneca, Pfizer or Moderna shots, confirmed that the vaccines — both the initial two-shot series and booster doses — were less effective and waned faster against Omicron than against Delta.

Among people who received two doses of the AstraZeneca vaccine, a booster with one of the mRNA vaccines, made by Pfizer and Moderna, was 60 percent effective at preventing symptomatic disease two to four weeks after the shot. After 10 weeks, however, the Pfizer booster was just 35 percent effective. The Moderna booster was 45 percent effective at up to nine weeks.

newguy0801

1,616 posts

Posted by newguy0801 > 2022-01-16 17:26 | Report Abuse

Even with high demand, if you can't even export your products to those countries, those opportunities will be useless for you.

Ryan83

1,835 posts

Posted by Ryan83 > 2022-01-16 17:53 | Report Abuse

Supermax is losing entirely all its market share in US and Canada to other top 3 Malaysia glove makers as record high hospitalizations in both countries causing very high demands of nitrile gloves since December

newguy0801

1,616 posts

Posted by newguy0801 > 2022-01-16 18:19 | Report Abuse

Yeap, so technically it is really fked up.

cwc1981

1,376 posts

Posted by cwc1981 > 2022-01-16 18:57 | Report Abuse

Don't worry this won't be an isolate case here. Is foreign labor in others factories having the benefits of Directors?

Maridien2

1,084 posts

Posted by Maridien2 > 2022-01-16 19:01 | Report Abuse

Everyone knows this andy ccb hall is only after the money. Someone paid him millions to do all this shit, don't tell me this guy has the heart of an angel hahaha. The good thing is there is nothing money cannot solve, just wait for the audit to complete and submit to cbp. I am sure Stanley would have pull some string in his US investment, fingers crossed for process to be expedited.

MoneyMakers

7,647 posts

Posted by MoneyMakers > 2022-01-16 20:38 | Report Abuse

UK cases left 80K (peak 200K few weeks ago)

UK omicron alrdy peak..US omicron will peak in Feb..clear everything b4 Feb QR bloodbath (50%-90% profit drop)

cwc1981

1,376 posts

Posted by cwc1981 > 2022-01-16 21:12 | Report Abuse

if they can said foreign labor is force labor here. then many industries will kena. dare not say all but sure majority is the next target. Wondering why government agencies never react?

Ryan83

1,835 posts

Posted by Ryan83 > 2022-01-16 22:48 | Report Abuse

Top Glove next QR in mid March will be higher than previous QR profits RM180+millions as very high demands of gloves in US and Europe as record high hospitalizations since December

Posted by michaelgohmox > 2022-01-16 23:32 | Report Abuse

Ok lar impossible to go back to rm2.00 but won’t fall d

hoot9eonly

516 posts

Posted by hoot9eonly > 2022-01-17 11:32 | Report Abuse

MAIN goreng again ?

Citadel123

352 posts

Posted by Citadel123 > 2022-01-17 11:33 |

Post removed.Why?

Kim

4,321 posts

Posted by Kim > 2022-01-17 11:52 | Report Abuse

Buy =)

Posted by Habisgl0v3333 > 2022-01-17 14:05 | Report Abuse

Supporters keep bleeding billionaire can become millionaire

Mini2021

1,466 posts

Posted by Mini2021 > 2022-01-17 14:25 | Report Abuse

2025 all back to normal , bye bye covid.... all back to normal...

Investoz88

545 posts

Posted by Investoz88 > 2022-01-17 15:43 | Report Abuse

After the last poor QR for most gloves companies, looking forward to a better than expected results soon.

The current production should recover from many restrictions imposed during fateful months, ASP stabilised and demands/ orders returning due to omicron/ prolonged pandemic and restocking program as presented by some analysts.

Price should not stay low for long, PE ratio will soon return closer to 15 times then current 3 times allowing stock price to do a good gap up..

ahbah

6,236 posts

Posted by ahbah > 2022-01-17 15:52 | Report Abuse

The health ministry has reported 2,342 Covid-19 cases in the past 24 hours.

It is the lowest number of daily cases since April 21 last year, when 2,340 were reported.

Hidup MALAYSIA !!!

Posted by Investor126 > 2022-01-17 16:19 | Report Abuse

What good result are you expecting when US bars imports from Supermax & Canada terminates outstanding contracts with Supermax Healthcare Canada? Be truthful, do not pluck figure from the sky.
Why is Supermax till date still do not defending and taking prompt action against all these allegations over labour abuses if Supermax is innocent?

Read the Canada news and understand the paragraph. "The Press has learned that the Ministry of Public Services and Supply has still not received the results of the audits which had been promised to clarify the allegations that the Malaysian company Supermax Corp used forced labor . These audits were to be submitted to him at the end of November."

I apologize for writing such a long essay. Invest wisely, not blindly.

Investoz88

545 posts

Posted by Investoz88 > 2022-01-17 16:32 | Report Abuse

Malaysian glove manufacturer Supermax Corp (SUPM.KL) has introduced a new foreign worker management policy and enhanced its current human resources policies in light of allegations of forced labour, it said on Monday.

Supermax said in a statement it is currently in the process of updating the CBP about improvements made under the new policies.

"The effectiveness and implementation of these policies will be inspected by different levels of on-going audits with at least two auditing processes, and two additional U.S.-based auditors, which will conduct analysis and monitoring against the ILO 11 Forced Labour Indicators," it said, referring to the International Labour Organization (ILO) standards.

Supermax has also begun reimbursing recruitment fees to former workers since September and expects to complete this process by March.

The company said improvements to working and living conditions are in progress with refurbishment and renovation expected to be completed by mid-February.

It has also adopted an equal pay and benefit structure for foreign workers, to match that of local workers. This will further eliminate any discriminatory practice, it said.

Supermax said it has proactively raised its minimum wage to 1,400 ringgit ($335.73) per month, higher than the current national minimum wage of 1,200 ringgit...

Investoz88

545 posts

Posted by Investoz88 > 2022-01-17 16:35 | Report Abuse

What happen to the depressed price when the above are settled?
US factories are also currently being built with the huge cash generated by the recent profit windfall.. future good or not?
Invest wisely.. agreed.

Posted by Investor126 > 2022-01-17 16:47 | Report Abuse

Once bitten twice shy.
Many investor stay far from counter that has unwanted past histories.

Posted by NatsukoMishima > 2022-01-17 21:47 | Report Abuse

Supermx multi millon project in USA will 100 % be a number 1 failure investment by Stanley due to wage inflation n dropping of asp !

Posted by Habisgl0v3333 > 2022-01-17 23:42 | Report Abuse

Continue downtrend wtf. Keep bleeding , keep keep bleeding in love, keep bleeding , keep keep bleeding in price

Posted by Habisgl0v3333 > 2022-01-17 23:43 | Report Abuse

Later bleed until 1.2 see pak tua tut tut red sea comrades all come lol

Bullrunrun

971 posts

Posted by Bullrunrun > 2022-01-18 00:53 | Report Abuse

we will get the Share bonus on 19/1
1:30
keep for life

ampabella

1,378 posts

Posted by ampabella > 2022-01-18 11:24 | Report Abuse

1:30.....haiyoh better give us cash mah, imagine u beli 3 biji dapat 0.1 saja, wan to sell pon susah, commission oreli bayar rm10, tinggal tulang saja

monetary

4,447 posts

Posted by monetary > 2022-01-18 11:38 | Report Abuse

last time say profit sustainable (failed). then dividend play (failed). then price supported by cash (about to fail). what nect?

Citadel123

352 posts

Posted by Citadel123 > 2022-01-18 12:17 |

Post removed.Why?

Posted by Michael Yeo > 2022-01-18 13:01 | Report Abuse

Telorkop. Better be nett sellers tomorrow

Posted by NatsukoMishima > 2022-01-18 14:22 | Report Abuse

https://www.klsescreener.com/v2/news/view/939193

OMG , this is really a huge blow to gloves stock at the worst timing , 100% limit down tomorrow , prepare for Davies double bottom kill , 64 sens also need to consider before buy in because their US project sure will burn out all the cash flow !

AdCool

3,864 posts

Posted by AdCool > 2022-01-18 16:26 | Report Abuse

old news since last week lah. It has been priced in when Canada ban Supermax products in Nov after US CBP ban in October.

NatsukoMishima https://www.klsescreener.com/v2/news/view/939193

OMG , this is really a huge blow to gloves stock at the worst timing , 100% limit down tomorrow , prepare for Davies double bottom kill , 64 sens also need to consider before buy in because their US project sure will burn out all the cash flow !

Mini2021

1,466 posts

Posted by Mini2021 > 2022-01-18 16:42 | Report Abuse

Topglove Tan Sri Lim get Rm 2,000 million cash dividend ..... once Topglove drop to Rm 2 -2.4....Tan Sri keep using own money buy back shares at RM 2-2.4 hahahaha this not including the company share buy back.......... Supermax got Rm 3000 million cash ......Tan Sri Thai got around RM 1000 million...... Supermx Share can buy up all the free floating share outside market ....Share buy back comfirm will happen anytime...... IB wanted to cheat ticket from last group of players..... they not dare to short ady .....just like they not dare to short topglove at low price .....

Mini2021

1,466 posts

Posted by Mini2021 > 2022-01-18 16:43 | Report Abuse

Shortiest not dare to short as Supermx will use cash buy the cheap tickets....once cheap tickets flow into supermx boss hand .....shortiest very difficult to buy back the share tickets....this happening in topglove counter now.....

monetary

4,447 posts

Posted by monetary > 2022-01-18 16:47 | Report Abuse

coming qr profit drops drastically and big chunk of cash disappeared. lets see what argument u can come up eith

Mini2021

1,466 posts

Posted by Mini2021 > 2022-01-18 16:52 | Report Abuse

Why argument ? just closed eyes sapu.....Rm 8 buy RM 7 buy RM 6 buy RM 5 buy RM 4 buy RM 3 buy RM 2 buy RM 1 .....RM 1 i very scare I very scare later rm 1 drop to rm 0.5 how??? hahahahahahahaha Hello...rm 1 drop to rm 0.5 = - rm 0.5......RM 2 drop to RM 0.5 = - RM 1.5........do your math la...kids.... this kind of calculation also dunno haiz...

monetary

4,447 posts

Posted by monetary > 2022-01-18 17:32 | Report Abuse

Tq, Mr water fish

Bullrunrun

971 posts

Posted by Bullrunrun > 2022-01-18 17:35 | Report Abuse

Cash in hand per share RM 1.29

Share buyback is a good idea and reward investors

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