one thing need to take note. Super commited to set up plant in US. it will cost not less than 1.5bil to do so. looking at current USD exchange rate and construction cost inflation, the capital may easily go up to 2bil. therefore the net cash left maybe around 1bil only.
look at supermax quarterly report on foreign currency translation. RM49m for June period. I estimate they have at least 300M in USD. Another 60m in foreign currency translation for Sept quarter ??
SINGAPORE - There were 11,732 new Covid-19 infections on Tuesday, more than doubling from the 4,719 new local cases the day before.
The spike, while largely driven by the XBB variant, another Omicron subvariant, is seeing low severe cases, said the Ministry of Health (MOH).
MOH is also initiating Pofma (Protection from Online Falsehoods and Manipulation Act) action against rumours circulating via WhatsApp that Singapore is having a rapid and large increase in cases with severe illness and deaths due to the circulating XBB strain.
While the post-weekend spike today is driven by the XBB strain, MOH said that "the number of severe cases has remained relatively low. This is very likely due to the resilience built up through vaccination and previous waves of infection"...
This new strain will hit everywhere.. not just Singapore. How??
Saying, leisurely bought at 79 sen on 6 OCT. Yesterday people sold until 71 sen since not picking up the shares, today can buy at the lower price, 73 sen and parking at...
Moses sent spies, 12, one from each tribe. Moses told them all the laws and commandments during the final month of his life. Joshua took over the leadership from Moses. Anointed. Joshua also sent spies after Moses has passed on. Joshua sent 2 spies, they are Phinehas and Caleb. Joshua was part of the 12 spies. What is the difference between that 12 spies and the 2 spies? These 2 spies, Phinehas is a zealous man, very serious with God's business and strictly following God's requirement.
For 1 small mistake, God barred Moses from entering the Promised Land. He prayed for 515 times, just before he passed on, 3 times a day and the final day he managed to pray 2 times because he passed on before the end of the day.
God had to tell him "Enough", do not pray anymore. The generations that came out from the slavery were all terminated, leaving Joshua son of Nun and Caleb...crossing the Jordan. JUST 1 small error...about knocking the rock for the water...doubting God's and not emphasizing God's holiness.
There were no other prophets that is greater than Moses. Only Moses got God spoken to him while he is awake. The rest of the Prophets got the messages when they are asleep.
Moses has a brother, Aaron and a sister Miriam. This Miriam, can not be mistaken as Jesus's mother who is also Miriam. Jesus can not be calling Moses the uncle. The difference is 3,000 years.
So, the community mourned for Moses for one month. God loved him so much, passed on at the age of 120 yeara at Moab, God buried him, until today nobody knows where is his grave.
Better buy fast while it is super cheap cos next yr will be gogo yr for Supermx as new plant in US will start production by beginning of 2023. Don' said u r not inform
NEEDLESS to say, We can begin to live the life of Heaven from this moment, if we are attached to God, others can see the Light of God on your face every time...HAPPINESS.
Down to earth, no jealousy, no anger, no materialism, no revengeful, no cursing, no swearing, generous, charitable, no false witness, honour the Parents and no kill & steal.
KUALA LUMPUR (Oct 13): Share prices of rubber glove makers stole the limelight on Bursa Malaysia on Thursday (Oct 13), with Hartalega Holdings Bhd’s shares leading the gains in terms of value gains.
When contacted, Malacca Securities head of research Loui Low Ley Yee told The Edge that rotational play kicked in, as investors swapped sectors from technology to rubber gloves, as the market has fully priced in the anticipated downside risk for gloves including acute oversupply and margin compression due to the falling average selling price (ASP) of gloves.
“Because the market has priced in everything (downside risks), any uptick or rebound in ASP, gloves will benefit. Investors have factored in (risks such as) overstretch in valuation and drop in earnings; now perhaps it has [already hit] bottom for the (glove stocks’) earnings and will recover soon.
“In contrast, [the] technology [sector] has more room to drop due to overstretching in valuation. The sector’s earnings are expected to come down, given the layoffs news from the big tech companies, coupled with the US ban on chips sales to China, this could be a repercussion towards the downward cycle of the demand (for semiconductor products) and that worries the market. So, we should be seeing a slowdown in technology companies’ earnings. That is what I am anticipating. So, glove stocks [are a] safer bet to invest in,” Low added....
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....
ahbah
6,238 posts
Posted by ahbah > 2022-10-06 16:17 | Report Abuse
Supermax is still super chip, considering the hugh amount of cash it got.