Posted by EngineeringProfit > 2024-08-20 12:34 | Report Abuse

Right timing kah?

Posted by 5231428 > 2024-08-20 12:46 | Report Abuse

No need mpox, just a good QR.

Posted by Eagle77 > 2024-08-20 22:46 | Report Abuse

https://www.hindustantimes.com/india-news/monkeypox-scare-aiims-delhi-issues-guidelines-to-treat-suspected-patients-10-points-101724154532092-amp.html

Posted by 5231428 > 2024-08-21 12:04 | Report Abuse

Let's see who will report QR first, Kossan or Supermax.

Posted by ChloeCheong > 2024-08-21 15:42 | Report Abuse

Monkey Pox effect is wearing off ...?

Posted by fengfengfeng > 2024-08-22 17:05 | Report Abuse

made in USA, Trump

Posted by 5231428 > 2 months ago | Report Abuse

QR out on the 29 August.

Posted by 5231428 > 2 months ago | Report Abuse

Good QR above 90 for sure.

Posted by 5231428 > 2 months ago | Report Abuse

Trump will support Supermax made in USA,maga.

Posted by 5231428 > 2 months ago | Report Abuse

Report coming out in two days time.

Posted by 5231428 > 2 months ago | Report Abuse

QR tomorrow.

Posted by pang72 > 2 months ago | Report Abuse

-5c leh....

Posted by pang72 > 2 months ago | Report Abuse

The worst among glove leh..
I got the feeling of the private jet is bought for holidays but not for work

Posted by Konnichiwa > 2 months ago | Report Abuse

Result no good lo

Posted by SinGor > 2 months ago | Report Abuse

🤔🤔🤔 Whats wrong????

Posted by Mini2021 > 2 months ago | Report Abuse

Revenue up RM 30 million...

Posted by Mini2021 > 2 months ago | Report Abuse

In this quarter, the Supermax Group suffered losses before and after tax mainly due to several
one-off charges as follows:
• Impairment of plant and machinery, factory equipment, mould & tools at an old plant, which
has stopped production during the quarter amounting to RM27.1 million;
• provision for old and obsolete stock of packaging materials and certain down-graded glove
inventory at the old plants amounting to RM3.3 million;
• write-down of high price inventory at an overseas subsidiary amounting to RM72.85 million;
• pre-operating expenses of the new US plant amounting to RM421,223 (RM880,745 for FYE
30.6.2024);
• additional tax charged at certain manufacturing units for prior years charges amounting to
RM30.8 million; and
• Unrealised foreign exchange losses for the quarter amounting to RM9.9 million (RM27.9
million for FYE 30.6.2024)

Posted by CharlesT > 2 months ago | Report Abuse

Ah Chai spent Co's RM1B+ for shares buyback n the current value is abt 10% left

AH Thai spent RM1B+ to build plant in US n we will see....

Posted by JovaneChua > 2 months ago | Report Abuse

hair to soi ga, topglove daigor will save the trend.

Posted by Wiwi82 > 2 months ago | Report Abuse

With the impending tariff hike by the US government on imports, and the government’s policies
to catalyse more domestic manufacturing, the development of Supermax’s first overseas
manufacturing operations in the USA is poised to benefit from these such policies. The Supermax
Group anticipates that market prices for personal protective equipment (“PPE”) including gloves
and face-masks in North America would stabilise and rebound starting from the first quarter of
CY2025. The US government’s policies to boost domestic manufacturing are designed to
accelerate the buildout of domestic infrastructure and manufacturing capabilities in key industries
and incentivise more investment from the private sector. The USA venture provides a domestic
production and supply capability to serve primarily the US domestic demand for gloves.

Posted by Mini2021 > 2 months ago | Report Abuse

Profit 16 million if take off the one off charges..... Revenue Up 30 million mean the sales pickup ady...

Posted by GreenTrade > 2 months ago | Report Abuse

Excluding all one off charges (RM143mil) , Netprofit would be RM21mil.

Cash on hand RM1.3billion vs total liability RM370mil.

To all the paper hands that would panic sell tomorrow on the opening, please sell more so that i can buy more cheap.

Thanks and all the best :)

Posted by Mini2021 > 2 months ago | Report Abuse

Surprisingly revenue up RM 35 million as compared with last quarter....which is better than Kossan 0% up in revenue...

Posted by Vincent8864 > 2 months ago | Report Abuse

Ah Thai is building a liability in US instead of an asset. Asset generating positive cashflow, liability generating negative cashflow. 😂

Posted by CharlesT > 11 hours ago | Report Abuse

Ah Chai spent Co's RM1B+ for shares buyback n the current value is abt 10% left

AH Thai spent RM1B+ to build plant in US n we will see....

Posted by lee901 > 2 months ago | Report Abuse

Result like shit....sell

Posted by Mini2021 > 2 months ago | Report Abuse

Dont hope can buy cheap Ah Tai will share buy back...cash RM 1.3 billion

Posted by Mini2021 > 2 months ago | Report Abuse

One off charges- RM 147 million ..... - RM 127 million= RM 20 million nett profit...


wakakaka you can sell I want to sapu...

Posted by Mini2021 > 2 months ago | Report Abuse

You buy Magnum and Toto better ... Morning buy , Evening harvest or people harvest you... fast result

___________________________________________________________________________


Ah Thai is building a liability in US instead of an asset. Asset generating positive cashflow, liability generating negative cashflow. 😂

Posted by CharlesT > 11 hours ago | Report Abuse

Ah Chai spent Co's RM1B+ for shares buyback n the current value is abt 10% left

AH Thai spent RM1B+ to build plant in US n we will see...

Posted by ket4212 > 2 months ago | Report Abuse

who sell I want ticket

Posted by SinGor > 2 months ago | Report Abuse

I think Super US plant will suffer continue losses for atleast 3 years.......This what I heard from Chinese
Manufacturer from China. You have to train very expensive Labours and they are All bound by Labor Union
standard ( Malaysia Bangla where got working Standard ). In China Management works 16hours a Day---USA
they leave at 5PM sharp

Posted by CharlesT > 2 months ago | Report Abuse

U sound very positive on their Plant in US

Posted by Vincent8864 > 2 months ago |

Post removed.Why?

Posted by Habisgl0ve > 2 months ago | Report Abuse

HAHAHAHAHAHKEKEKEkekkeke I did warn u guys

Posted by Adrian Tan > 2 months ago | Report Abuse

Supermax threw in the kitchen sink to get a completely clean start in the next financial year? Management’s decision to continue share buy back to capitalize on what’s to come when results starts to turn really rosy in the new year is comforting.

Posted by ChloeCheong > 2 months ago | Report Abuse

Supermax's net loss widened instead... it's no longer super ?

Posted by Habisgl0ve > 2 months ago | Report Abuse

Ggmax

Posted by ivanlau > 2 months ago | Report Abuse

--------- quote ------------
Stock: [SUPERMX]: SUPERMAX CORPORATION BHD

2024-05-25 10:31 | Report Abuse

Back to basic, this coming QR will still losing money, if based on forward eps 4x18, the fair value only 0.72, today closing 0.94, think about that..........
--------- unquote --------
Today closing 0.785 !!!

Posted by Mini2021 > 2 months ago | Report Abuse

I warm you guys...one day Supermx will reach RM 10

Posted by speakup > 2 months ago | Report Abuse

sure but only if monkey pox become pandemic like Covid

Posted by freddiehero > 2 months ago | Report Abuse

U guys still brave to touch this super man ka

Posted by Investor126 > 2 months ago | Report Abuse

Read carefully this QR has shown something unsual, next QR red again.

Posted by Adrian Tan > 2 months ago | Report Abuse

Supermax will most likely record profits in the next quarter. They’re in the 2nd month of the quarter when management did their share buy back. If it’s going to lose more money, they might as well wait. Doubt this buy back is only to frighten or punish short sellers.

Posted by Mini2021 > 2 months ago | Report Abuse

Short seller short supermx kaw kaw.... Boss sharebuyback kakaka... shortseller now dilemma

Posted by newbie9893 > 2 months ago | Report Abuse

Supermx looks promising...will rocket up very soon

Posted by newbie9893 > 2 months ago | Report Abuse

something is brewing, buy now to be rewarded very soon, mark my words

Posted by Cheers > 2 months ago | Report Abuse

0.50

Posted by Mini2021 > 2 months ago | Report Abuse

Boss share buy back 170,000,000 units... still can purchase 100,000,000 units....

Posted by Willtolive > 2 months ago | Report Abuse

buyback glove stocks, ask Mr. Lim about his experience

Posted by Mini2021 > 2 months ago | Report Abuse

Mr Lim bought RM8 , supermx bought RM 0.8

Posted by Mini2021 > 2 months ago | Report Abuse

Keep BUY, higher MYR1.04 TP (DCF) from MYR1.01, 27% upside. 4QFY24 (Jun) core profit swing back to the black (MYR6.4m), bringing Supermax Corp’s FY24 core losses to MYR36m. Results were lower-than-expected, as SUCB has continued to execute low-price contracts for two years at certain distribution and manufacturing plants since 1QFY23. Nonetheless, we see the light at the end of the tunnel, premised on its recovery in profitability, given that global demand for gloves are gradually picking up.

Results overview. SUCB reported a core profit of MYR6.4m in 4QFY24 (3QFY24: -MYR15m). Core profit was primarily adjusted for MYR27m (impairment of PPE), MYR72.9m (write-down of high price inventory), and additional tax charged at certain manufacturing units for prior years (amounting to MYR30.8m). On a sequential basis, the group saw higher sales (+25.6% QoQ), attributed to the increase in sales orders as customers ramp- up their stock replenishments. Assuming a blended ASP of USD20.50/1,000 pieces, this should work out to an estimated volume sold of 1.85bn pieces during this quarter (implying a 22% QoQ growth).

Cost outlook. We expect key raw material costs to normalise in the coming quarters on the back of lower nitrile prices (4% lower in 3Q24 as at August). Meanwhile, natural gas prices are set to be lower QoQ in 3Q24 (-8% QoQ as at August) on the back of a lingering global demand outlook.

Operating landscape turns favourable. Industry demand-supply dynamics continue to show signs of recovery on: i) The inventory destocking cycle coming to an end, ii) improving order visibility (with recent July exports showing signs of improvement; +11.8% MoM), and iii) customers being more receptive of price hikes. With the industry excess capacity gradually phasing out, we expect the gloves industry to achieve demand-supply equilibrium by 2H24. All in, we retain our view that gloves demand will continue picking up in the coming quarters, as client inventory levels continue to deplete – this is on top of gloves inventory levels (stockpiled since 2020) approaching their expiry dates (typical shelf life for gloves: 3-5 years).

Earnings adjustments. Post results, we raise our FY25F earnings (FY26 unchanged) by 5%, taking into account of a favourable cost outlook that should be able to offset against the weakening USD/MYR exchange rate. Our TP is incorporated with a 14% ESG discount, as SUCB’s 2.3 ESG score is below our 3.0 country median. Post our earnings adjustment, our DCF-derived TP is now raised to MYR1.04. Our TP implies 0.9x FY25F P/BV against its pre- COVID-19 historical mean of 1.3x.

Key risks: Higher-than-expected sales volumes, weaker-than-expected USD against the MYR, and lower-than-expected raw material prices.