Posted by 5231428 > 2023-11-29 10:42 | Report Abuse

QR if not today then tomorrow.

Posted by zzzzz > 2023-11-29 10:53 | Report Abuse

All down today... Harta below RM2.50, TopGlove Below RM0.90.... sighs

Posted by PryorBuyer > 2023-11-29 16:10 | Report Abuse

laosaiiii!

Posted by trader101 > 2023-11-29 18:07 | Report Abuse

1.4m quarterly loss

Posted by Realrich > 2023-11-29 18:42 | Report Abuse

Omg supermax losses again? I buy so many die

Posted by Zrenxy > 2023-11-29 18:53 | Report Abuse

Tomorrow fly up until 1.11

Posted by Zrenxy > 2023-11-29 18:53 | Report Abuse

Profit before tax!

Posted by younglean > 2023-11-29 19:00 | Report Abuse

Next loss starts reducing. Next Q will turn green then

Posted by iPlay > 2023-11-29 19:04 | Report Abuse

Revenue dropped.....Profit before tax is GOOD,. Loss after tax narrowed significantly.... trend is next Q should be positive !

Mr Market is normally 6 months ahead...

Tomorrow UP !!!..... and whole gloves theme will be UP too !!!💪💪💪

Posted by ket4212 > 2023-11-29 19:21 | Report Abuse

good

Posted by tradek > 2023-11-29 20:24 | Report Abuse

Dont really like the significant revenue drop, however looking at the bright side, even with 177m revenue, the cost of producing gloves and operation is so low... With higher revenue, profit margin will be good..

Posted by messi88 > 2023-11-29 20:30 | Report Abuse

Never expect revenue drop actually

Posted by Lai Yu > 2023-11-29 20:36 | Report Abuse

Only loss 8 cents per share

Posted by Realrich > 2023-11-29 21:24 | Report Abuse

I run first the share price too high already I wait until quarter result come out but is a losses result not my expectations. Hope I can run without losing too much money

Posted by yfchong > 2023-11-29 21:25 | Report Abuse

let's review gross profit

Posted by Shortsqueeze > 2023-11-29 23:19 | Report Abuse

Revenue affected by when cannot sell in USA. Next quarter onwards we are all over USA!

Posted by Albukhary > 2023-11-29 23:58 | Report Abuse

Insider news.. Since Supermax WRO being uplifted CBP, Supermax global sales team has started to travel to US & Europe actively. How I know? Because so happen that one of my facebook friend is from Supermax sales team, and recently this two month I saw that fren is always on business trip (i.e. Netherland, Germany, Canada, US....etc)

So, expected that Supermax revenue will be increase on Q4'23 and Q1'24

Posted by Mak_kiah > 2023-11-30 08:17 | Report Abuse

sell over to usa?I heard this since supermax price in the peak.

Posted by zzzzz > 2023-11-30 08:57 | Report Abuse

Pre open 0.98.0.......gg

Posted by Cookieyirl > 2023-11-30 09:05 | Report Abuse

Your first purchase after the epidemic
97 check in

Posted by EatCoconutCanWin > 2023-11-30 09:05 | Report Abuse

Run... GG lol

Posted by yilonma > 2023-11-30 10:08 | Report Abuse

everybody ignoring the red flags with share price. malaysia market of course similar to gambling, but if you always prioritize speculation over fundamentals of course die 😂😂

Posted by ChloeCheong > 2023-11-30 10:21 | Report Abuse

That's from speculative/ day trader/ contra player 's perspective

Posted by zzzzz > 2023-11-30 10:52 | Report Abuse

US only lifted the ban on September 23 ? so the effect only reflects coming quarter ??

Posted by tradek > 2023-11-30 11:48 | Report Abuse

Yes, im also curious to know... some factory shut down for maintenance? etc?

Felix666888
Why revenue dropped so much 20% QoQ. Last quarter revenue is higher than this quarter with US custom ban situation. Is Supermax loosing the market share?

Posted by SaintPao > 2023-11-30 12:13 | Report Abuse

The moderate but encouraging revenue uptick in the preceding 2 quarters could not be sustained and revenue eased back as demand and ASPs again waned amid stiff competition in a contracted market.

Posted by klee > 2023-11-30 12:15 | Report Abuse

SAPU

Posted by Loh Kok Wai W > 2023-11-30 12:39 | Report Abuse

Big Shark said..Sayonara...。。。。。ready to Celebrate X'mas n New year....see you ikan billis next year...bye...hahaha

Posted by Albukhary > 2023-11-30 12:49 | Report Abuse

Find something interesting :-

1) Q2'23 - Revenue RM175mil, loss RM108mil
2) Q3'23 - Revenue RM175mil, loss RM40mil
3) Q1'24 - Revenue RM175mil, loss RM2mil

With the same amount of revenue, the loss has reduced substantially. It mean, Supermax cost efficiency has improve a lot, even though with such a low plant utilisation, still can maintain breakeven performance.

Posted by klee > 2023-11-30 12:50 | Report Abuse

next qr,revenue will increase 20% to include usa sales starting early nov 2023 after ban lifted

Posted by klee > 2023-11-30 12:51 | Report Abuse

sharks press down to collect bilis takut apa.....kikiki

Posted by yilonma > 2023-11-30 13:07 | Report Abuse

Wow people really like to nitpick the details. missed out on Q1 & Q4 revenues, previous year revenues..

1) YE2022 - Revenue RM2.64bill
2) YE2023 - Revenue RM821mil

Demand is down, manufacturing plants have downscaled as current factories have undermanufactured by almost 50%, and market share volume is down. doesn't matter if efficiency increases if total market VOLUME is down. you think competition will just lie there and let you eat for free

Posted by klee > 2023-11-30 13:13 | Report Abuse

Demand down,plant utilisation % down ,asp down bla bla bla is publicly available info and is factored into prices.Stock market anticipate the scenario 6 months ahead.

Posted by klee > 2023-11-30 13:13 | Report Abuse

What do novices know? hahaha

Posted by Albukhary > 2023-11-30 13:14 | Report Abuse

Hahaha, yilonma, you are the one who nitpick.
We are old investor, more than 20 years in market, we have been watching Supermax grow since its IPO.
We see how it grow, how it overcome crisis, how it earn 3-4 billion a year, how it loss hundred million a year.

Posted by 5354_ > 2023-11-30 14:12 | Report Abuse

Kossan, Harta reported profit why Supermax cannot?

Posted by klee > 2023-11-30 14:16 | Report Abuse

5354,cos harta kossan did not kena usa ban for 2 years.

Posted by TillyLovers > 2023-11-30 14:34 | Report Abuse

why people throw the counter like no tomorrow?

Posted by BobAxelrod33 > 2023-11-30 14:41 | Report Abuse

From high of 1.06 yesterday to 93c today.....Private Jet seen landed at Swiss Alps for skiing holidays......the villages there are fantastic....you should try it........ooppsss... you have donated for their holidays!

Posted by klee > 2023-11-30 14:44 | Report Abuse

thank you for selling lol

Posted by Shortsqueeze > 2023-11-30 15:02 | Report Abuse

Thank you for buying and hodling

Posted by tradek > 2023-11-30 15:32 | Report Abuse

yes crisis is a blessing, every 3/4 years, enter and ride the wave, do this every cycle... :) always got chance...

Albukhary
Hahaha, yilonma, you are the one who nitpick.
We are old investor, more than 20 years in market, we have been watching Supermax grow since its IPO.
We see how it grow, how it overcome crisis, how it earn 3-4 billion a year, how it loss hundred million a year.

Posted by SaintPao > 2023-11-30 15:45 | Report Abuse

https://www.thestar.com.my/business/business-news/2023/11/30/limited-gain-for-glove-firms-from-china-outbreak

Posted by yilonma > 2023-11-30 16:32 | Report Abuse

i'd be embarased if i had 20 years looking at stocks and cant tell when the stock has been priced in.. please seek help 😂😂 you all need to stop smoking all that copium

Posted by Jassie26 > 2023-11-30 17:17 | Report Abuse

lousy qr hahaha, sapu air lor

Posted by klee > 2023-11-30 20:52 | Report Abuse

Lousy qr? Anyone who can read ady know,anyone who know and want sell ady did today.Hahaha.

Posted by StartOfTheBull > 2023-11-30 21:47 | Report Abuse

Latest QR improved also means share price should be reasonably more than share price of three months ago.

Posted by myinvestor > 2023-12-01 09:01 | Report Abuse

The QR is expected as cbp wro still enforced in the last qtr. With resumed shipment to US in Nov, expected better or positive qtr result in Feb 2024 .Most of analyst already updated the supermx target price to 1.00.
https://klse.i3investor.com/web/pricetarget/research/69734

Posted by klee > 2023-12-01 09:08 | Report Abuse

SAPU

Posted by myinvestor > 2023-12-01 11:43 | Report Abuse

Short position of supermax reduced 4m shares yesterday to balance 9.6m shares.