52 weeks lowest, 1.27 first hit was on 14 December 2021. Almost a month ago. Second hit was a day later, on 15 December 2021. Logic sense if based on current situation, third hit could be anytime in these few days. If Supermax's US expansion deemed good, foreign funds could have caught an eye on this and buy low. But, none yet so far. So, get ready for another new low incoming.
Good luck to those who are still awaiting Supermax share buy back.
Brent, WTI scale multi-year highs amid supply disruptions Iraq-Turkey pipeline outage adds to supply concerns Some OPEC+ sources say $100/bbl oil is possible
Why? Because scientists warn Omicron’s whirlwind advance practically ensures it won’t be the last version of the coronavirus to worry the world.
Every infection provides a chance for the virus to mutate, and Omicron has an edge over its predecessors: It spreads much faster despite emerging on a planet with more immunity from vaccines and prior illness.
More spread means more people in whom the virus can further evolve. Experts don’t know what the next variants will look like or how they might shape the pandemic, but they say there’s no guarantee the sequels of Omicron will cause milder illness or that existing vaccines will work against them.
Fundamental changed..company going under like AA. Don't care about the cash in the bank. Assume Zero cash now. More competitions...factories coming up in China Every Month despite losing money selling gloves to USA, low 'money losing' ASP...drop below Cost and will continue to drop Below Cost like nobody needs to buy gloves anymore, Force Labour Issues... Blangas still live like dogs in containers and No A/C for them. Cannot see the light for the next 20 years as this kind of business is like Blackberry. GOOD. Pls go to 65c... bullets loaded.
Better stay far from this kind of cancerous counter. The management is inactive. The expansion in US sounds good, but not until the end when you realized something fishy, that is too late already. Cash on hand may seems a lot, but how well how efficient it being use is another problem. This reminds me when Supermax on hold the SGX dual listing.
Yes agreed. At this price level it is attractive for long term investment. I always preferred to choose the leader of the industry. Please consult your financial adviser for further information
With the existing Omicron also can't push up the price. Now WHO is predicting the arrival of the epidemic stage. If there isn't any upcoming serious variants there is very likely it is the end of gloves play now. 99% confirmed.
for me.. its not about the new variant or no of cases..
the FA and the demand still high for the glove plus the TA, go see the chart from the previous year, hx will be repeated.. pls la guys, nobody one the lockdown again right..
doesnt matter the covid end or what.. the hx will be repeated remember that.. the price could go higher that rm11.. buy when others fear sell when other greed /FOMo
Political development no good, corruption in MACC. , SC dare not take action , big companys left Malaysia to Indonesia ,Singapore etc.....Foreign funds also left . Convid 19 not over , flood problem come .Jobless problem increases All this contribute to the weakness in share market. . Operators will press he shares lower since no foreign funds to compete . Best stay away .
Reference is made to The Star article titled “Canada terminates contract with Supermax” which appeared on 19 January 2022.
The Company wishes to confirm that the Supermax Group’s Canadian subsidiary, Supermax Healthcare Canada Inc, has indeed agreed to terminate by mutual consent with the Federal Government of Canada the 2 existing contracts for the supply of nitrile gloves. The remaining balance of these 2 contracts at FOB value is US$ 12.67 million or under 0.8% of the Group’s revenue. The Group’s Canadian unit’s contracts for other Personal Protective Equipment (PPE) products remain in place and are not affected.
The Supermax Group wishes to reiterate that it had embarked on its undertaking to meet the International Labour Organisation (ILO) standards on migrant workers since 2019. The Group has been implementing many improvements and upgrades to improve its workers’ welfare in stages and has taken steps to speed up the process in order to meet the ILO standards in good time.
only 0.8% group revenue affected..and they are not banned in Canada, just remaining balance gloves supply for Canada government has been terminated, other contracts with PPE are still ongoing, once this labour issue is solved sure Canada government will re-sign the contract
Supermax US CBP ban since October is the most negative news and needs to be settled as soon as possible...Next month QR will not be good as predicted by analysts
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Citadel123
352 posts
Posted by Citadel123 > 2022-01-19 16:04 |
Post removed.Why?