SUPERMX GOT CASH 30 BILLION AND 27 BILLION SHARES WHICH IS MORE THAN RM1 CASH PER SHARE. IF INTEREST ALONE IS 3% THE MONEY TO BE COLLECTED FROM FIXED DEPOSIT IS RM90 MILLION PER YEAR. WHY WORRY !!!
Supermax Market Capitalization is RM 2B Cash and Bank Balances alone is RM 3B, with practically zero debt. You guys do realize it can keep buying itself up to 100% at this price and still have RM 1B cash after that right.
The more you buy, the louder you cry. No chance to run anymore. Those who enter, despite after being warned will just follow the journey to the south. Market is cruel. Good sentiment will not see gloves rebound anymore.
With CHINA Challenge , there will be no growth for malaysia glove anymore , no growth dont buy because lesser n lesser dividen , lower n lower share price , this is the most important point to consider before buying a stock !
0.69, someone should either question him/herself why should the buy or the what is going wrong with this counter. Even at a discount of 15% from current price, still I will think twice before entering.
Among all glove stock, supermax balance sheet is strongest. Net cash holding is higher than market capitalisation allow supermax to continue reward dividend to shareholders.
Supermax aldy propsed 3 sen final dividend to be declared next month.
ASP alrdy reached bottom based on topglove latest result. ASP to gradually increase 5% start next month
Dividend yield of mote than 10% now shpuld cushion any further downside risk.
Supermax US glove plants is next key earnings driver as US healthcare policy to gradually self sufficient on healthcare product including glove and mask. Policy to souce local US producr glove and mask to be based on contractual local produce healthcare product.
Alike other industries like semiconductor, US policy now emphasized on self supply by attract direct investment in US, souce on US produce product.
Large new semiconductor plant set up in US also increase glove and mask demand in US
In fact Biden govt is spending more healthcare products after pandemic over annoucement
Much of the huge price tag for Biden's pandemic plan would help people who are financially struggling because of COVID-19, offering $1400 checks, rent and food assistance, and expanded health care and unemployment benefits. But Biden also wants Congress to allocate $400 billion of the money to bolster the pandemic response, with $160 billion of that going toward mounting "a national vaccination program," expanding diagnostic testing for COVID-19, and hiring 100,000 new community health workers—nearly tripling the 59,000 now doing the work. They would promote vaccination and trace contacts of newly infected people, but they are also intended to become a permanent fixture in the U.S. public health infrastructure. https://www.science.org/content/article/biden-proposed-science-led-new-deal-end-pandemic-suffering
From news report about Top Glove.. In October, Top Glove hiked its selling price by 5 per cent. We need an initiator to start raising prices, he added, noting that other players might follow suit and increase prices as well. He added that the company did face some resistance from its customers after the price increase. For now, Top Glove does not have plan to raise funds from markets, said managing director Lim. He noted that the group also has banking facilities that it can draw on if there is a need .
A company spokesperson told The Business Times that the company upward price revision, declining raw material prices and a stronger US dollar will help the group return to profitability. ASPs are bottoming out, and there should be no need for further writedowns if the price continues to stabilise. Hence, we should see an improvement next quarter the spokesperson added.
Supermax and the other gloves companies MUST increase ASP to reverse the down trend.. Period.
Yayaya.. Keep your own bs together with Stanley. If really so good, why is the price keep moving down? You are assuming too much. Your pocket is burning into a bigger hole at the end.
Supermax at least their SBB is at much better prices than tg. Also their cash position . If need to hv gloves in portfolio definitely would choose supermax.
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....
myinvestor
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Posted by myinvestor > 2022-08-28 09:02 | Report Abuse
LONDON, ON, Aug. 25, 2022 /PRNewswire/ - Minco Wholesale & Supply Inc. is proud to announce a brand-new partnership with Canadian manufacturer Supermax Healthcare Canada Group, a leader in the industry specializing in the manufacture of premium healthcare, dental, industrial, and EMS products, including their renowned disposable protective product line, Aurelia®.
https://www.prnewswire.com/news-releases/minco-wholesale--supply-inc-now-offering-supermax-aurelia-healthcare-and-industrial-products-301612066.html