 | Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 26, 2020 7:00 PM | Report Abuse 英科医疗(SZ300677)$
其实手套制造过程是一种不稳定的过程，这一点对制造业来说是极难的。
在制造业领域，很多事情都是可以积累的，比如加工精度、比如加工速度等，一旦技术上突破了，就可以积累，然后让制造能力稳定在一个水平。但是手套制造并不是这样的，他的产线速度、手套的克重、成品率等核心制造指标往往会因温度、杂质、速度等差异出现不稳定的状态，因而手套制造的学习曲线相当长，往往并不是一两、两年就能快速掌握并持续提升的。
这玩意儿就如同踢足球或打蓝球，是团队问题，并不是你从贺特佳挖一位工程师或是买一份设计图纸就能够完成的。
生产容易，做好难，特别是行业中已经有了贺特佳、英科这样的老司机的时候，未来的从业者会越来越绝望。 |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 26, 2020 12:45 AM | Report Abuse Glovefinish should apologize for providing false information regarding topgloves shares activity. Obviously under new normal for the next 10 years, the most impacted companies will be those under recovery. Now they are just dead cat bounce from vaccine hype. Don't try to trap people to buy into your theory and please talk with logic. The economy is at its worst shape right now and recovery is going to be slow, or else how the heck would government allow EPF withdrawal? But recovery stock almost at pre-covid price. It's totally disconnected. Anyone who is going to buy in be aware. |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 26, 2020 12:35 AM | Report Abuse @teripen, I suggest you to revisit your statement here 6 months and 12 months later too see if your thought still holds then. Maybe you're a short term investor looking for fast gain, i'm not sure.
This pendamic is unprecedented, market may not be right of what's going to happen 6 months or 9 months later, market is not always right, it's just a reflection of what it anticipated based on current news flow. Dr. Fauci just increased the threshold which he thought up to 90% American population to get vaccinated to achieve herd immunity, which means herd immunity may not be able to achieve given having 90% American to get vaccination is harder than place a human to moon. News flow could change and sentiment could change anytime in the next 6 months as things develop and vaccines hype subsides.
3 questions to you:
1) ASP will normalize, everyone knows that, but at what price? Have you thought about that?
2) ASP will normalize at a much higher price for an extended period of time, do you agree?
3) Gloves companies especially with OBM business will reap a sustainable higher earnings due to structural change in distribution/supply chain dynamics, and market had not factor this in as it is still not sure about this. Do you agree?, |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 25, 2020 7:48 PM | Report Abuse You're trying to talk down gloves by sharing fake information of Topglove share activities. That's immoral and illegal. |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 25, 2020 5:45 PM | Report Abuse @Agjl bro, yeah, I reckon it as well. Anyway need someone to clarify so people who read his unjustified claims not be fooled by him. |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 25, 2020 5:38 PM | Report Abuse @glovefinish, please digest a bit the information yoi've received before you used it for your argument. Don't follow blindly what the media says. |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 25, 2020 5:37 PM | Report Abuse @glovefinish, why you tend to believe Chinapress than Bursa announcement itself? Chinapress has made many mistakes in reporting stock news don't you know that? I give you an example. It mentioned today that EPF is selling Topglove shares even on Christmas eve, but truth is, the announcement was made on Christmas eve but the selling was done 3 days ago. The reporter has no knowledge but you choose to follow him. Lol. |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 25, 2020 5:32 PM | Report Abuse The real bubble is recovery stock like AAX etc, those needed to be controlled instead of gloves. AAX's debt has rendered it's share price practically valueless but still many are willing to goreng it with false hope. I think you should look into those stocks instead of gloves. |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 25, 2020 5:29 PM | Report Abuse @glovefinish, when company sell their shares, it must be announced to Bursa and public. Please provide your source from Bursa announcement. |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 25, 2020 1:19 PM | Report Abuse @stockraider, like many have said, whatever goes up will come down, likewise for palm oil CPO. So investors should have factored in one day the CPO price will drop also. |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 24, 2020 7:59 PM | Report Abuse @glovefinish, I'm not sure why you've conveniently ignored the fact that, a large portion of increased profit is due to cutting away middleman. It's one of the irreversible structural changes post-covid, especially for Supermax. |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 24, 2020 6:48 PM | Report Abuse Out of all big 4, Supermax has got no Covid infection till now. This shows their superb corporate governance in view of crisis. |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 24, 2020 6:37 PM | Report Abuse @glovefinish, then it's even more ridiculous, post covid of 1.5-2B is easily >15-20 times pre-covid earnings. Share price only <10 times increase. |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 24, 2020 6:12 PM | Report Abuse IBs have their own agenda. They are not saint. Do you always follow IBs when you invest? Are they always right? I think you have the answer. |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 24, 2020 6:11 PM | Report Abuse @glovefinish, time has proven that gloves moved higher after each outbreak in the past 20 years. And outbreak will not stop here as it is a course of nature. |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 24, 2020 6:09 PM | Report Abuse PPE in the future will not be treated like what they were pre-covid. The serious shortage now is an extremely painful experience for many governments. PPE especially gloves become a strategic product that is linked to national security and public health security. Supermax managment knows this well and their move to US is a brilliant move and will give investors a very fruitful return. |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 24, 2020 6:04 PM | Report Abuse @glovefinish, I'll say it again, higher ASP due to removing of middleman and direct sales of gloves, plus end user price increased 2-3x compared to pre-covid. There's never 10x of end user price compared to pre-covid. So please state your facts right. |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 24, 2020 6:00 PM | Report Abuse @glove finish, i'm not sure where you got the numbers, end-user gloves price were never 10 times higher than pre-covid. If you check out the comments through medical distributors website or Amazon, you'll find that gloves are at most 2-3 times higher than pre-covid. Why ASP increased so much because pre-covid gloves games were dominated by middle man who had huge margins. Now that end-users approached manufacturers directly, the ASP hikes. |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 24, 2020 5:55 PM | Report Abuse Market is very much disturbed by the analyst reports plucking numbers from the sky, thus the bearish sentiment. But who should you trust more? The industry players or the analysts? |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 24, 2020 5:53 PM | Report Abuse @glovefinish, by 2022 Supermax will have 48B capacity excluding US/UK. Even if glove price dropped to USD30-35 they will still be able to earn PAT RM500M/quarter or 2B/year. Go find out how much a company earning PAT 2B/year is worth in Bursa, and it's still a growing manufacturing company, not stagnant like banks. |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 24, 2020 5:37 PM | Report Abuse @glovefinish, like what you said, the bearish trend if gloves is due to sentiment. Sentiment is shortlived and will be beaten by fundamentals. Ultimately it's the earnings that investors are looking for. Gloves will earn more and more in the coming years and Supermax will have the most bullets for business expansion or new business exploration to increase shareholders value. |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 24, 2020 5:28 PM | Report Abuse @glovefinish, downside is very limited given the strong fundamental and sustainable earnings post covid which is much higher than pre-covid. |
|
| Blog: AT Glove (0072) - CERTIFICATE PROGRESS UPDATE 2 (Step 3) Dec 24, 2020 3:52 PM | Report Abuse first try to understand what is CE mark before assessing the importance/significance of this piece of news. https://asq.org/quality-resources/ce-marking |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 24, 2020 2:59 PM | Report Abuse @Teripen, the real winner is the one who see the true value when others don't. |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 24, 2020 2:00 AM | Report Abuse @glovefinish, I'm not talking about the peak, instead I was saying the sustainability of 500M-600M PAT of Supermax when the time comes for normalized ASP, post-covid. 500M-600M is not the peak earning for Supermax, they are able to earn probably 1.5-2B at peak. Not forgetting even if ASP is halved from peak, by that time Supermax's capacity will be more than 2 fold from pre-covid. |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 23, 2020 9:33 PM | Report Abuse @glovefinish, short selling is not a sure-win movement. If the market realized earlier that the earnings of Supermax could sustain for an extended period of time, then the short selling is doomed. Ask yourself, don't you think a 500-600M QR target is an easily sustainable PAT for Supermax in the future? And what should be the market cap to value a growing company for such earnings? Think about longer term, not just a quarter ahead. |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 23, 2020 7:34 PM | Report Abuse @Morpheus, they have the ability to influence the market. For a long term investor and bought the ticket at the right price. Then don't need to care about the short term hoo haa... |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 23, 2020 5:42 PM | Report Abuse Supermax has the highest % free flowing of in-the-money warrant expiring 31st Dec with high premium. That could be the reason. In 2021, most call warrants issued from Sep/Oct 2020 are fully hedged, or conversion ratio is high, also the initial issuing price is high, IB will not do the suppression in 2021. I would say, 2020 is an unprecedented year for gloves counters growth, it's so fast that IBs were not fast enough to catch it. Thus now they need to recoup their losses during low sentiment. |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 20, 2020 4:56 PM | Report Abuse @stockraider, everybody knows the ASP is going to fall eversince the beginning what. Nothing can sustain at the extreme high level. What is there be afraid of? The ASP will eventually normalized to a price significantly higher than pre-pandemic, and supply will not be so soon to catch up. all additional capacity is factored in. If not, u think gloves companies can grow so much in the past 20 years? |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 20, 2020 4:45 PM | Report Abuse @stockraider, gloves usage grow significantly higher after each outbreak. Please check your facts. |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 20, 2020 4:44 PM | Report Abuse @Gloveburst, Genting almost reaching pre-covid level, upside is limited. O&G no future as electric car is coming out and europe and Japan is banning new combustion engine car in 10 years time. |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 20, 2020 12:08 AM | Report Abuse @ibelieve, well said. The JPM's report came with so many flaws which made people wonder what is their true agenda. The analyst signing off the report just joined JPM Aug this year and his LinkedIn acc does not even have a picture of him. I wonder if he's a real person or not. |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 19, 2020 9:50 PM | Report Abuse Many recovery counters had reached almost pre-covid level. Upside is limited. If the economy is recovering well there's no need of EPF withdrawal for the public. Think about it. Certain companies like AA is at very high risk, especially recent share price hike is likely over optimism and there will be a sell down if expectation is not met timely. Even if recovering, huge rights issue may be awaiting. |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 18, 2020 7:40 PM | Report Abuse Swagger855, do you really think the economy could be back to pre-covid situation by 2022? Without herd immunity, and all companies still stay intact and banks will suffer no bad debt risks? |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 18, 2020 3:37 PM | Report Abuse @swagger855, based on your logic, I wonder how glove counters in Malaysia could grow so much in the past 20 years. |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 15, 2020 10:05 PM | Report Abuse @Supersinginvestor, Pfizer said their production next year is 1B doses leh, enough for only 500M ppl. US and Europe alone got >1B ppl, plus Pfizer also supply to other then US and Europe. How do you deduce 70% US Europe got inoculation within 6 months? Moderna 1 year production also only 100M doese a year. |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 15, 2020 10:00 PM | Report Abuse @Supersinginvestor, you know, Pfizer said they are not sure if people immunized can still transmit virus or not. PPE still needed. |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 15, 2020 9:39 PM | Report Abuse @Supersinginvestor, I wonder why the first nurse giving the first vaccine jab in US yesterday wearing gloves, and diplaying a box of gloves in front of the cameras. Think about it. |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 15, 2020 9:20 PM | Report Abuse @supersinginvestor, go to Singapore and ask doctors and nurses around in their hospitals, gloves must be used for vaccination. |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 15, 2020 9:15 PM | Report Abuse @supersinginvestor, please read carefully, all 'existing' mutations and all variant's they have seen, not future mutations and did not mention the mutations in England found just a day ago. I've read this article since it was published. Even Pfizer boss doesn't dare to take the vaccine himself. |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 15, 2020 8:53 PM | Report Abuse @glovefinish, agreed partially of what you said. But forum is a place to exchange ideas and thoughts. So just let it be. |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 15, 2020 8:51 PM | Report Abuse @supersinginvestor Lol you're claiming something even Pfizer doesn't dare to. |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 15, 2020 8:37 PM | Report Abuse @Supersinginvestor, there're still many questions left unanswered by Pfizer and needs further data to justify. Howcome it seemed you're more knowledgeable than Pfizer? If you have source of your claim, please share it here. |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 15, 2020 8:33 PM | Report Abuse Increase in nitrile butadiene will start to subside by end 2021 and new capacity starts supplying the raw material. Topglove boss already confirmed this. I believe this is what JPM didn't tell you. |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 15, 2020 8:31 PM | Report Abuse Swagger855, I suggest if you read their analyst's briefing slides, you may find that the ASP captured in their QR now is only the begining. The past 6 months delivery ended Sep was mainly delivering the sales till Apr/May, which the ASP then was starting to increase. The higher ASP since then was only starting to deliver from Sep/Oct. Take Apr and May price to be the normalized ASP, it will guarantee them at least 400-600M every QR after 2022, not inluding the additional capacity. Perhaps you can also trace the selling price at https://us.vwr.com/store/catalog/product.jsp?product_id=13688249
To confirm if they indeed increase their ASP over time. |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 15, 2020 8:20 PM | Report Abuse I'm not sure if you've heard Harta and TG bosses mentioned demand outstrips supplies in years to come at least for another 2-3 years. Even if ASP normalized, it would be back to pre-covid price. And Super's ASP is different as they are selling to end users, the margin will still be huge compared to OEM producers, and by 2021 there's another nearly 10B capacity finishing up. It'll get closer to what Harta has right now. |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 15, 2020 8:11 PM | Report Abuse Swagger855, please elaborate more on your red flag issue on the accounting. I'm from trading sector, thus understand that cross month transaction for some potential revenue to not able to be captured is perfectly normal. For example, goods shipped by end of the month on DAP terms arriving early next month may not be captured by month end closing, as ownership of goods and liability still not transferred yet. I believe you have ignored their OBM business model to direct compare with TG and Harta. |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 15, 2020 6:53 PM | Report Abuse Please check out news from various sources, gloves are used for vaccination in many countries, some may not make it mandatory, but vaccination practice will definitely increase the use of gloves tremendously. If you have friends in Singapore medical line you may verify this. Gloves are mandatory items during vaccination overthere. |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 15, 2020 6:50 PM | Report Abuse Swagger855, I think u don't understand what I mean. Designing a vaccine could be fast, but manufacturing, delivering and inoculating it to the whole population for herd immunity is going to be very slow, especially when the capacity is that low. If the current vaccine cannot defend against new strain, that's gonna be a big issue. |
|
| Stock: [SUPERMX]: SUPERMAX CORP BHD Dec 15, 2020 3:18 PM | Report Abuse We don't know if the vaccine works for newly mutation virus variant. If it doesn't, it's going to be a big problem, because the whole population needs another jab again. Flu people can ignore, COVID 19 can't. |
|
