SUPERMAX CORPORATION BHD

KLSE (MYR): SUPERMX (7106)

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Last Price

0.845

Today's Change

+0.02 (2.42%)

Day's Change

0.825 - 0.845

Trading Volume

7,173,900


100 people like this.

222,672 comment(s). Last comment by Dannyfyl88 9 hours ago

Posted by ChloeCheong > 2023-11-02 18:44 | Report Abuse

Agreed. Next few quarters we will see them turning green

alenac

2,654 posts

Posted by alenac > 2023-11-03 11:21 | Report Abuse

Anybody makes money from this counter by hit and run, as the price sank. Sure very tight price spread.

younglean

227 posts

Posted by younglean > 2023-11-07 13:09 | Report Abuse

Harta's QR out today and it turns profits successfully

Havefun

384 posts

Posted by Havefun > 2023-11-07 14:05 | Report Abuse

How about supermax?

Posted by ChloeCheong > 2023-11-07 14:25 | Report Abuse

Supermax will turn green also. It will go up when opening later 😉

myinvestor

1,218 posts

Posted by myinvestor > 2023-11-07 18:26 | Report Abuse

Good news, Maxter resumes shipment to US this month Nov.

Havefun

384 posts

Posted by Havefun > 2023-11-08 07:42 | Report Abuse

When is the QR out?

tradek

68 posts

Posted by tradek > 2023-11-08 10:01 | Report Abuse

Thats very good news :)

myinvestor
Good news, Maxter resumes shipment to US this month Nov.

Albukhary

3,024 posts

Posted by Albukhary > 2023-11-08 11:29 | Report Abuse

Both Intco and Bluesail (China biggest glove producer) has reach 100% capacity.
They have start raising the ASP, some buyer has move their order to Malaysia.

Havefun

384 posts

Posted by Havefun > 2023-11-09 08:38 | Report Abuse

When is the QR out?

younglean

227 posts

Posted by younglean > 2023-11-09 09:52 | Report Abuse

next week I guess ...

Posted by ChloeCheong > 2023-11-10 10:31 | Report Abuse

You have to take its capital changes into consideration

myinvestor

1,218 posts

Posted by myinvestor > 2023-11-10 11:44 | Report Abuse

Ones need to reset your mindset in investment.

Apastock

158 posts

Posted by Apastock > 2023-11-10 12:48 | Report Abuse

come my superman... true hero

myinvestor

1,218 posts

Posted by myinvestor > 2023-11-12 13:38 | Report Abuse

Hartalega sales volume increased by 8% partly bc of Dod rule (DFARS Case 2022-D009 final rule 20 July 2023) restriction on PPE sourced from Allied countries. esp. China to max of 150k per contract. Hence little profit or loss for China ppe companies to fulfill the contract bc of low volume order.. Outcome either they stop exporting their PPE or they increases their ASP to compensate their losses.

younglean

227 posts

Posted by younglean > 2023-11-14 09:27 | Report Abuse

Might hit 90 cents if QR is green

ivanlau

1,383 posts

Posted by ivanlau > 2023-11-15 08:19 | Report Abuse

Insider news, will have big impairment loss in coming QR , better sell off now

tradek

68 posts

Posted by tradek > 2023-11-15 16:01 | Report Abuse

on track for USA production 2024... cool

SuperA

46 posts

Posted by SuperA > 2023-11-15 21:11 | Report Abuse

A major manufacturer of surgical gloves has selected Brazoria County for its first U.S. manufacturing plant.
Maxter Healthcare will build a $500 million complex on a 215-acre site at CR 52 and CR 48 just off Highway 288 in Alvin’s extraterritorial jurisdiction. The facility will be constructed in four phases, the company said in a news release.
Each phase is expected to produce 400 million gloves per month for each phase. When all the four phases are completed, the total installed production capacity would be 1.6 billion gloves per month and 19.2 billion gloves per year, the release states.
“This domestic manufacturing capacity will aid the U.S. in its ability to respond to the current pandemic and help safeguard the U.S. in the future,” company founder and president Stanley Thai said in the release. “In addition, through the establishment of our research and development center and collaborations with the local and regional education institutions, we will be developing innovative new products and technologies.”
At that meeting, commissioners approved creating a Tax Increment Reinvestment Zone, which will abate the company’s real and property taxes at 100 percent for seven years. Part of the agreement is that the company will use Brazoria County businesses as vendors whenever possible.
In its announcement, Maxter Healthcare cited community support as one of the deciding factors in selecting Brazoria County over other finalists for the facility in Chambers County and Florida.
“This manufacturing facility, when operational, will strengthen the U.S. Personal Protective Equipment Supply Chain by building domestic capacities,” CEO CK Tan said. “We will be capable of catering to at least 10 percent to 15 percent of the total annual medical glove imports into the country over the next two to four years. Over the next four to six years, as our capacity increases, we will be able to provide 20 percent to 25 percent of the domestic demand and consumption.”
The dental field is one of the company’s largest customers, company representatives said in October.

Posted by Felix666888 > 2023-11-15 22:43 |

Post removed.Why?

Albukhary

3,024 posts

Posted by Albukhary > 2023-11-16 01:07 | Report Abuse

Will Supermax turn into profit as well?

Posted by ChloeCheong > 2023-11-16 09:19 | Report Abuse

Nice, ride up with Kossan's profitable QR 🤗

tradek

68 posts

Posted by tradek > 2023-11-16 09:21 | Report Abuse

my guess for superman, 1) end of month positive QR... no need super duper like kossan, back in the black is more than enuff.... 2) 8 Dec AGM - virtual... Dato seri will livestream USA facility in the virtual meeting (maybe not since it will be night time in US)...? or there will be recorded video over the virtual AGM?

tradek

68 posts

Posted by tradek > 2023-11-16 09:22 | Report Abuse

double positive to get it over RM1 first...

AlphaCapX

72 posts

Posted by AlphaCapX > 2023-11-16 11:04 | Report Abuse

Not sure if can catch low 80sen before the incoming QR end of the month. Nevertheless, volatility is high for all except Harta that has been constantly moving up

huatkia

112 posts

Posted by huatkia > 2023-11-16 15:04 | Report Abuse

Seems that I am not bilis despite all the noise stating otherwise...

___________
huatkia

72 posts

Posted by huatkia > 1 month ago | Report Abuse

am I billis or brilliant? time will tell
Entry 0.860
TP 1.03-1.13

huatkia

112 posts

Posted by huatkia > 2023-11-16 15:30 | Report Abuse

Baru post dan dan naik 1 cent.
16/Nov/23
3.30pm



huatkia

Seems that I am not bilis despite all the noise stating otherwise...

___________
huatkia

72 posts


Posted by huatkia > 1 month ago | Report Abuse

am I billis or brilliant? time will tell
Entry 0.860
TP 1.03-1.13

dompeilee

11,889 posts

Posted by dompeilee > 2023-11-16 15:47 | Report Abuse

Although still a paper loss, almost 40% of my stake was bought @ below the current price, not counting all the thousands in dividends already earned so that's a consolation!

tradek

68 posts

Posted by tradek > 2023-11-16 15:56 | Report Abuse

re: dompeilee, you will get rewarded.. :)

klee

3,523 posts

Posted by klee > 2023-11-16 15:59 | Report Abuse

but of course after kossan it is supermx's turn...huat ah

klee

3,523 posts

Posted by klee > 2023-11-16 16:07 | Report Abuse

Gloves in 2020,gloves at end 2023 n whole year 2024....

klee

3,523 posts

Posted by klee > 2023-11-16 16:08 | Report Abuse

Analysts are always five steps behind market cos they kiasu.

klee

3,523 posts

Posted by klee > 2023-11-16 16:11 | Report Abuse

only difference this round is the taiko is kossan in terms of performance

klee

3,523 posts

Posted by klee > 2023-11-16 16:23 | Report Abuse

kossan has 1.2 bil ringgit,supermx has 2 bil plus

tradek

68 posts

Posted by tradek > 2023-11-16 16:32 | Report Abuse

today Kossan good result, so price performance % is the best among top 4. However, superman been very close as well... is it effect of laggard play or today QR? but usually QR is end of month... strange

klee

3,523 posts

Posted by klee > 2023-11-16 16:48 | Report Abuse

if you care to check,kossan is closest to 2023 high whereas topglove is far away frm this yr's high

tradek

68 posts

Posted by tradek > 2023-11-16 17:00 | Report Abuse

so laggard play then...

dompeilee

11,889 posts

Posted by dompeilee > 2023-11-16 17:09 | Report Abuse

Yes, & let's not forget it was as high as $1.30 as recently as Apr '22!

tradek

68 posts

Posted by tradek > 2023-11-16 17:13 | Report Abuse

1.30 is about 2.60 before split... this price is pre-covid average, so it is entirely possible to arrive back there too when glove normalises... makes sense...

tradek

68 posts

Posted by tradek > 2023-11-16 17:19 | Report Abuse

if reach 1.30 and pullback, the pullback will form the right shoulder, it will then look like inverse head and shoulder formed... could be setting up for 2nd half 2024 run after this formation...

Apastock

158 posts

Posted by Apastock > 2023-11-16 19:54 | Report Abuse

yes superman return..

yfchong

5,863 posts

Posted by yfchong > 2023-11-16 22:05 | Report Abuse

apa macam results

5231428

610 posts

Posted by 5231428 > 2023-11-17 16:24 | Report Abuse

QR report better than Kossan.

Posted by ChloeCheong > 2023-11-17 16:51 | Report Abuse

Nice. Now it's superman's turn to release superb QR 😆

myinvestor

1,218 posts

Posted by myinvestor > 2023-11-17 18:58 | Report Abuse

Gloves companies in Malaysia, all have same cycles in share prices, gloves sales and revenue/profit. Supermax should be match them this qtr.

dompeilee

11,889 posts

Posted by dompeilee > 2023-11-18 09:00 | Report Abuse

Quarterly loss is also good to allow those of us who have less than 30,000 shrs to average down further in preparation for the next big upswing, when the covid market distortions are ironed out & the 2010-2019 pattern resumes.

klee

3,523 posts

Posted by klee > 2023-11-18 12:47 | Report Abuse

Of late,glove cos have demonstrated stability in prices unseen for 2 yrs.Harta is up 67% frm low of 1.41.Kossan is up 55% from low of 1.02.Both are stabilizing at a higher level as of now.If this is not the best tell tale sign i dunno what is.Supermx's low was 71 sen,if it can rise 55% like kossan it shud be 1.11.This year's high was 1.07.All we need is a good QR.

klee

3,523 posts

Posted by klee > 2023-11-18 12:48 | Report Abuse

It is reasonable to expect supermx to range between 1.0 n 1.1 next week.

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