SUPERMAX CORPORATION BHD
KLSE (MYR): SUPERMX (7106)
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Last Price
0.83
Today's Change
+0.005 (0.61%)
Day's Change
0.82 - 0.83
Trading Volume
3,257,800
Financial
Financial Year 2020
| Financial Year | Annual Audited Account | Annual Report | View | |
|---|---|---|---|---|
| Ann. Date | Ann. Date |
Discussions
99 people like this. Showing 50 of 222,641 comments
Short seller short supermx kaw kaw.... Boss sharebuyback kakaka... shortseller now dilemma
3 weeks ago
Boss share buy back 170,000,000 units... still can purchase 100,000,000 units....
2 weeks ago
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.
2 weeks ago
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.
2 weeks ago
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!
1 week ago
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 !
1 week ago
compliments from the US import policy, imposed 50% tax levy in 2025 on China’s medical gloves
1 week ago
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
1 week ago
Only the boss can see the company future with activated so many SBB in cheap price
1 week ago
Bull13
If tomorrow EU & Canada follow US tariff move on gloves, ALL will limit up!!
11 minutes ago
WOW! MACAM ADA POSSIBLE
1 week ago
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
1 week ago
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
1 week ago
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...
1 week ago
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
1 week ago
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.
1 week ago
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!
1 week ago
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
1 week ago
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.
1 week ago
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.
1 week ago
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!
6 days ago
Adrian Tan: Shameful on you... Supermx will reach RM 5 within 18 months....mark my word.
5 days ago
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5 days ago
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?
4 days ago
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:
4 days ago
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!
1 day ago
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.
16 hours ago
No worry lah. SUPERMAX is now in investment mode, building capacity..down time build, up time reap
12 hours ago
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.
8 hours ago
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Adrian Tan
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.
4 weeks ago