Posted by Arsenewenger8383 > 2 months ago | Report Abuse

Besides that, there will also be increases in tariffs on Chinese medical face masks and surgical gloves to 50% next year and then to 100% in 2026. That compares with the initial plan for an immediate 25% tariff. But the ones mentioned above are the heavy hitters.

Posted by dompeilee > 2 months ago | Report Abuse

Felt so foolish averaging down on Supermax @ just below 90c to exceed 30,000 shares for the 1st time ever last mth...don't feel so silly 2day!

Posted by bullrun168 > 2 months ago | Report Abuse

Walaoeh, what happend ?
Super damn hot man Supermx today !
Now Supermx was traded at @RM1.00 (+0.21) (+26.6 %)
Heng ah, Ong ah, Huat ah !

Posted by Bursino > 2 months ago | Report Abuse

compliments from the US import policy, imposed 50% tax levy in 2025 on China’s medical gloves

Posted by myinvestor > 2 months ago | Report Abuse

Maxter Healthcare Inc.
Today, we celebrate the pivotal decision by the USTR to impose tariffs on Chinese medical glove imports (50% in 2025 and to 100% in 2026), marking a significant step towards enhancing our nation's security, PPE supply chain resiliency, and supporting our domestic PPE manufacturing sector.

This move is not just about economics; it's about safeguarding our healthcare system, ensuring that in times of crisis, our nation is not vulnerable to foreign supply chains' dynamics. By fostering a robust domestic medical glove manufacturing industry, we're not only creating jobs, but also securing the health of every American.

Maxter Healthcare has been passionate in our continued advocacy surrounding this topic, through our active participation with the American Medical Manufacturers Association (AMMA), of which we are a proud board member.

Why This Matters:

National Security: Reducing reliance on foreign supplies, especially in critical healthcare sectors is a matter of national security. Our healthcare workers deserve a steady supply of essential equipment, no matter the global situation.

Economic Growth: This decision boosts our PPE manufacturing sector, encouraging investment and innovation here in the USA.

Supply Chain Resiliency: By diversifying our supply chain portfolio, we're contributing to a more resilient economy. This resilience is crucial for any future challenges, ensuring that our nation's critical need for PPE is never caught off-guard again.

Supporting Local: Every glove manufactured in the US means more jobs, more tax revenue, and more economic activity that stays within our borders, directly benefiting our communities.

Let's applaud this move together as we stride towards a brighter future

Posted by Bull13 > 2 months ago | Report Abuse

BUY MADE IN U.S.A. GLOVES!!

Posted by SWIN88 > 2 months ago | Report Abuse

Let break 1.00

Posted by klee > 2 months ago | Report Abuse

https://www.malaysiastock.biz/Company-Announcement.aspx?id=1590484

Posted by klee > 2 months ago | Report Abuse

Perfect timing Supermx.

Posted by klee > 2 months ago | Report Abuse

No wonder co has sbb aggressively.
Yup RM1 n above tmr

Posted by 5231428 > 2 months ago | Report Abuse

Tomorrow limit up for sure.

Posted by Bull13 > 2 months ago | Report Abuse

If tomorrow EU & Canada follow US tariff move on gloves, ALL will limit up!!

Posted by pang72 > 2 months ago | Report Abuse

Only the boss can see the company future with activated so many SBB in cheap price

Posted by pang72 > 2 months ago | Report Abuse

Bull13

If tomorrow EU & Canada follow US tariff move on gloves, ALL will limit up!!

11 minutes ago

WOW! MACAM ADA POSSIBLE

Posted by klee > 2 months ago | Report Abuse

News released after today's market close.

https://www.klsescreener.com/v2/news/view/1393265/supermax-to-begin-glove-production-in-us-by-jan-2025

Posted by 5231428 > 2 months ago | Report Abuse

Good news for sure as Supermax will start glove production in the USA.

Posted by Sweetchocalates > 2 months ago | Report Abuse

Lol this mgmt smart. Release news at the right time. 2molo huat. My only regret i didnt sapu the last batch of lots to add more

Posted by Alistino G > 2 months ago | Report Abuse

Hopefully, it breaks 0.955 Resistance tomorrow and heading towards 1.08. At 63%, it is not at extreme overbought position so, we can expect some buying...

Posted by SWIN88 > 2 months ago | Report Abuse

All the way to 1.00

Posted by Income > 2 months ago | Report Abuse

Apa Macam?

Posted by Income > 2 months ago | Report Abuse

Posted by dompeilee > Sep 17, 2024 9:18 AM | Report Abuse

Felt so foolish averaging down on Supermax @ just below 90c to exceed 30,000 shares for the 1st time ever last mth...don't feel so silly 2day!

？

The only i3 person never lose。Wow，Fanta stic

Posted by Income > 2 months ago | Report Abuse

Posted by dompeilee > Sep 17, 2024 9:18 AM | Report Abuse

Felt so foolish averaging down on Supermax @ just below 90c to exceed 30,000 shares for the 1st time ever last mth...don't feel so silly 2day!




？

Her maths is very good laa.

Posted by dompeilee > 2 months ago | Report Abuse

3-day correction or more is lovely! Gives me a chance to build up gradually to 50,000 shares b4 the tariffs kick in & the US plant begins to bring in the earnings!

Posted by James Ng > 2 months ago | Report Abuse

美国上调中国手套关税50%，case study: SUPERMAX CORPORATION - James的股票投资James Share Investing
https://klse.i3investor.com/web/blog/detail/general/2024-09-18-story-h469214516

Posted by WDCQ_I_am_legend > 2 months ago |

Post removed.Why?

Posted by Michael Lee > 2 months ago | Report Abuse

Republican U.S. Senator Marco Rubio on Thursday proposed barring Chinese manufacturers from evading tariffs by setting up factories in other countries like Mexico, Vietnam or Malaysia.
Rubio accused Chinese manufacturers of shifting production to other countries that face lower U.S. tariffs, saying it allowed them "to evade tariffs and flood the U.S. market with cheap goods." A House committee raised concerns last week about a Chinese auto parts firm that may have sought to evade tariffs.

Posted by wbwanabe > 2 months ago | Report Abuse

The Americans knew China has been using back doors to enter their goods into US. It’s a matter of time they will only buy made in USA. So Smax is indeed in the lead positions amongst the big four manufacturers in Msia once they start their US productions. At current price of 0.90 it’s the best time to accumulate.

Posted by Adrian Tan > 2 months ago | Report Abuse

Supermax is trading at about half book value, way lower compared to Kossan, Hartalega & Top glove. Share price is a measure of profitability and it therefore seems to indicate supermax management can’t work on its assets to generate as much profits as the other 3 companies. Or perhaps the other 3 companies have good Investor Relations managers who can tell convincing stories about themselves. What happened to Supermax’s? Its management can’t even put up a decent website! Shameful for a billion RM company!

Posted by Mini2021 > 1 month ago | Report Abuse

Adrian Tan: Shameful on you... Supermx will reach RM 5 within 18 months....mark my word.

Posted by mf > 1 month ago | Report Abuse

Dow Jones

Dow Jones Industrial Average

41,891.12

-317.10

0.75%

Nasdaq

NASDAQ Composite

18,058.43

-16.08

0.08%

Posted by Adrian Tan > 1 month ago | Report Abuse

Mini2021, I will be very happy if supermax can even reach RM2! I am upset that it’s not moving as fast as the other 3 big glove companies & shareholders, especially institutional should pressure the management to do something about it. For a start they should revamp their website to project itself as a progressive company not one that reflects badly on its management. Now tell me, is it not shameful?

Posted by hng33 > 1 month ago | Report Abuse

bought supermax at 83.5sen

Posted by Alistino G > 1 month ago | Report Abuse

The company is buying back the shares and again recently on 23Sep.2024

7106 SUPERMX SUPERMAX CORPORATION BHD
Notice of SBB by a Company Pursuant to Section 127 (16) of CA 2016
Date of Buy Back : 10/09/2024
No. of Shares Purchased : 1,223,500 shares
Minimum Price Paid For Each Share Purchased : RM 0.800
Maximum Price Paid For Each Share Purchased : RM 0.800
Total Amount Paid For Shares Purchased : RM 983,009.04
Shares Were Purchased Through : Bursa Malaysia Securities Berhad
No. of Shares Purchased Retained in Treasury : 1,223,500 shares
Total No. of Shares Retained in Treasury : 170,000,000 shares
Total Issued Capital as Diminished :
Date Lodged With Registrar of Company : 23/09/2024
Lodged By : Boardroom.com Sdn Bhd
Remarks:
You are advised to read the entire contents of the announcement or attachment.

To read the entire contents of the announcement or attachment, please access

the Bursa website at http://www.bursamalaysia.com
Submitted By:

Posted by Adrian Tan > 1 month ago | Report Abuse

The 2 continuing articles in The Edge suggested that telling good stories about themselves, pushed Nvidia & Tesla’s valuations up a lot higher than their underlying earnings. Why isn’t Supermax IR doing something, anything a little like this? First place of reference for anyone is naturally their website but its current state is just terrible and doesn’t install much confidence. Can the CEO of supermax please revamp it quickly!

Posted by Adrian Tan > 1 month ago | Report Abuse

Sorry, instill confidence, not install confidence & we desperately need that.

Posted by Mini2021 > 1 month ago | Report Abuse

You come back another 6 months ...no need to grandmother story...

Posted by Adrian Tan > 1 month ago | Report Abuse

We need all minority shareholders to push Supermax management to up its game in projecting the company adequately, perhaps learn from Kossan, Hartalega or Topglove. Its shares should not be trading at half its book value when these 3 in the same industry are more than 1 & half time.

Posted by ScotFree > 1 month ago | Report Abuse

No worry lah. SUPERMAX is now in investment mode, building capacity..down time build, up time reap

Posted by Alistino G > 1 month ago | Report Abuse

There's no need to worry (go for holiday for a month or two) and let the stock move up gradually to it's next resistance at 0.955 which is quite far. RSI is at 54% indicates it's neutral position. This is a good time to accumulate to each individual capacity and tolerance.

Posted by Alistino G > 1 month ago | Report Abuse

Today, I managed to buy some more.

Posted by EngineeringProfit > 1 month ago | Report Abuse

Glove party approaching ke??

Posted by Alistino G > 1 month ago | Report Abuse

EngineeringProfit,
Yup, don't miss the opportunity.

Posted by newbie9893 > 1 month ago | Report Abuse

look likes glove counters going to shoot up to the moob soon lead by Harta...buy...........

Posted by blackmamba87 > 1 month ago | Report Abuse

All the price target says Supermx to be at RM1. But no harapan also..

Posted by Adrian Tan > 1 month ago | Report Abuse

Supermax share price is going the opposite direction of the industry. It must be the market reflection of what it thinks of its management. Why is it not projecting anything positive about supermax? Wonder if they even talk to analysts regularly. Wonder when they are going to revamp their disgracefully outdated website. Where the hell is its Investor Relation manager?

Posted by Alistino G > 1 month ago | Report Abuse

RSI 46%, can start loading. Next Resistance is 0.955

Posted by bose00 > 1 month ago | Report Abuse

https://theedgemalaysia.com/node/729668

Posted by bose00 > 1 month ago | Report Abuse

Good news!

Posted by Gaussian > 1 month ago | Report Abuse

Limit up lol

Posted by Alistino G > 1 month ago | Report Abuse

Last week, I managed to get some. Today, I queued but didn't manage to close. See tomorrow, any luck.