Dear Investors & Traders of i3 Investor's Forum,
4 years have come and gone swiftly since year end 2020 till now. Year 2020 witnessed the Glove Superbull of A Century when Supermax gave us Out-sized Returns of more than 1,000% upside gain from Rm1.73 to over Rm18.00 when we sold and left for Palm Oil
And now is the time to revisit Supermax
And these are the MAIN REASONS Why?
1) DONALD TRUMP 2 WILL REIGN ON JANUARY 2025.
He will impose a 50% Tariff on China gloves plus up to 20% Tariff on all other Nations exporting to USA
The Exception will be SUPERMAX.
Why do we say so?
KOREA'S Hanwha Qcells sets the precedent
After setting up factory on USA Soil to manufacture Solar Panels - Hanwha Qcells complained to US Govt about Imports which impacted its business
In Response US Govt has raised High Barriers of Imports by High Tariffs to protect Hanwha QCells in USA
WASHINGTON, Nov 30 — US trade officials announced yesterday a new round of tariffs on solar panel imports from four Southeast Asian nations after American manufacturers complained that companies there are flooding the market with unfairly cheap goods.
It is the second of two preliminary decisions that President Joe Biden's Commerce Department is making this year in a trade case brought by Korea's Hanwha Qcells, Arizona-based First Solar Inc and several smaller producers seeking to protect billions of dollars in investments in US solar manufacturing.
Jinko Solar received duties of 21.31 per cent for products made in Malaysia and 56.51 per cent for those produced in Vietnam.
China's Trina Solar received a dumping margin of 77.85 per cent for products it makes in Thailand and 54.46 per cent for those it produces in Vietnam.
In contrast, the Commerce Department did not lay out any dumping margin for Hanwha Qcells products made in Malaysia.In October, the department had calculated subsidy rate of 14.72 per cent for the company.
Read again
Jinko Solar received duties of 21.31 per cent for products made in Malaysia and 56.51 per cent for those produced in Vietnam.
China's Trina Solar received a dumping margin of 77.85 per cent for products it makes in Thailand and 54.46 per cent for those it produces in Vietnam.
In contrast, the Commerce Department did not lay out any dumping margin for Hanwha Qcells products made in Malaysia.In October, the department had calculated subsidy rate of 14.72 per cent for the company.
THIS SETS THE PRECEDENT
USA WILL IMPOSE HIGH TARIFF ON CHINA GLOVES
USA WILL ALSO IMPOSE TARIFF ON ALL OTHERS (EXCEPT SUPERMAX) BECAUSE LIKE HANWHA QCELLS IT HAS ITS FACTORY ON USA SOIL
THIS SETS SUPERMAX APART FROM OTHER GLOVES IN ALL OTHER COUNTRIES EXCEPT USA
THE MAIN PURPOSE IS TO PROTECT JOBS FOR US CITIZENS: TO "MAKE AMERICA FIRST" AGAIN AS THE SLOGAN GOES!
2) THE SUPERIOR SHARP FORESIGHT OF SUPERMAX'S LEADERSHIP HAS BOUGHT 215 ACRES OF LANDS IN USA (CIRCA YEAR 2021) WHEN PRICES WERE CHEAP DURING COVID 19 LOCK DOWN TIME
For that let us Go See SUPERMAX: ANNUAL REPORT
Refer Bursa
Listed are 40 Real Estate Assets owned by Supermax
See property number 36
36. 14559 County Road 48, Rosharon,
Texas 77583, USA
Land
868,289 sq m. Freehold......Rm 25,409,592
Let us now do a breakdown
868,289 sq meter for Rm25,409,592
First convert sq meter to sq feet by multiplying 10.764
so 868,289 X 10.764
= 9,346,262.796 sq feet
Now convert to Acres by dividing with 43,560
214.56 Acres
So to get cost per acre just divide price by acres
= Rm118,426 (Ringgit)
In US Dollars?
divides by 4.45
= US26,612 Per Acre
Now what is the Current price in Rosharon, Texas, USA
See
https://www.realtor.com/realestateandhomes-detail/11703-County-Road-48_Rosharon_TX_77583_M98388-42556?from=srp-list-card
Asking price is USD499,000 for 3 Acres
Per Acre is US166,333
That means in 3 Years Land prices have gone up by 500% to 600% after Covid 19 over
Now people think Supermax got high cost operating in USA
This is erroneous as its land cost only Rm118,000 while in Batu Kawan, Selangor or Sedenak land prices now are as high as Rm2 Million an acre
This is only One of 40 Assets listed & mentioned in Supermax Properties Owned
In Kapar, Klang & Serendah & many more places SUPERMAX also own lots of freehold lands listed at old book value
SuperMax has a Net Asset Value of Rm1.63
And if revalued it should be much much higher
Not only is Supermax's Assets Superior
It has A Superior Cash Hoard
3. SUPERIOR CASH HOARD VERSUS TOPGLOVE, HARTA & KOSSAN
Refer Bursa
See
Supermax has Rm1.0248 Billions in Cash
or
40.11 sen pure cash
At Rm1.11 the Cash by percentage is 36.1%
Topglove cash is Rm549 millions
or 6.14 sen
At Rm1.35 cash by percentage
= 4.5% (Among the lowest as it has used and burned its cash in share buy back)
KOSSAN Cash is Rm1.019 Billions
or about 39.8 sen
At Rm2.61
Cash by percentage is 15.2%
HARTALEGA Cash is Rm1.282 Billions
or 37.15 sen
At Rm3.82
cash by percentage is 9.72%
From above Figures we See SUPERMAX Cash of 36.1% Is the Highest Overall
4) TRUMP Promised to PUMP & PUMP MORE CRUDE AS WELL AS SHALE OIL
Very good for Supermax as its feedcost will be much cheaper for its Nitrile Gloves
5) LOWEST TAX REGIME WHEN TRUMP2 BRING DOWN TAX TO 15% FROM 21%
SuperMax will benefit as less tax means better bottom line
6) SUPERMAX - A TURNAROUND STORY
With Locked in ASP in completion SuperMax can raise its ASP price. Esp in USA where competition is almost nil
Plus from Topglove latest AR we can see USA is the Best Growth Market for Gloves
Exerpts from Topglove: Section 2: Message from TopGlove leaders (Refer Bursa)
FROM REVERSAL TO RECOVERY: GLOVE ON THE
REBOUND
Having concluded FY2024 on a positive note amidst a
challenging environment, we are encouraged by the progress
the Group has charted and more importantly, upbeat about
the financial year ahead.
The glove industry has already entered a recovery phase,
which is fast gaining momentum. With excess glove stocks
fully depleted, this has set in motion an ongoing inventory
replenishment cycle, driving strong demand growth. Given
the increasingly favourable demand-supply dynamics, the
Group expects to see continual increase in Sales Volume and
utilisation rate, setting the scene for an inevitable return to
black within the new Financial Year 2025.
Moreover, the Group anticipates enhanced business
opportunities in the U.S. market following the United
States Trade Representative (USTR)’s September 2024
announcement of impending tariff increases on Chinese
medical and surgical gloves from the existing rate of 7.5%
to 50% effective January 2025, and to 100% by January
2026. Ahead of these timelines, customers in the U.S. where
our sales have already been increasing exponentially, are
expected to start sourcing from alternative suppliers. With
this, Top Glove as a major glove exporter to the U.S. is
optimally positioned to capture more market share from the
trade diversion
what is good news for Topglove will be GREAT NEWS For SUPERMAX IN USA
Esp among Dentists SuperMax has captured a Major Share of business
7) BIGGEST PUSH: FROM TRUMP2 GETTING MORE FACTORIES SET UP FOR US CITIZENS' JOBS
TRUMP Has Kept to his Election Promise so far
Pushed Tesla to multi year high
Pushed Bitcoin over Usd100K
Next will be High 60% Tariff on China and as high as 20% tariff on all others
HE WILL PUSH SUPERMAX TO BUILD PHASE 2, 3 & 4 ALL THROUGH HIS REIGN FROM JAN 2025 To 2029
4 Great Years of Growth For SUPERMAX in USA like never before
According to SUPERMAX it will eventually produce 19.2 Billion Gloves (Starting with 4.2 Billions)
Let us Do A simple projected Calculation
19.2 Billion Gloves
Current medical gloves sold in Walmart is about 35 sen (ringgit) per piece
If Supermax sells at Walmart price of just 35 sen a piece and if we take a 30% net profit
it will be 10.5 sen
And 19.2 Billion Pieces mean
That will be Rm2.016 Billions Net Profit
= 78.92 sen per year
or 19.73 sen per qtr
If we assign 10 P/E
it will be Rm7.89
if 20 P/E
then Rm15.78
and if 30 P/E
= Rm23.67
At 30 P/E it will be a repeat of 2020 Superbull Time
Of course we do not expect year 2020 to be repeated
a 10 P/E of Rm7.89 Target Price will be good enough
With Kind Regards
Calvin Tan
Please buy or sell after doing your own due diligence. Or consult your Remisier or Fund Manager
Then one day in April 2020 SUPERMAX DID A SHARE BUY BACK AND GAVE THIS SIGNAL
See
SUPERMAX CORPORATION BERHAD |
Date of buy back | 30 Apr 2020 |
Description of shares purchased | Ordinary Shares |
Currency | Malaysian Ringgit (MYR) |
Total number of shares purchased (units) | 2,888,000 |
Minimum price paid for each share purchased ($$) | 2.420 |
Maximum price paid for each share purchased ($$) | 2.480 |
Total consideration paid ($$) | 7,093,885.47 |
Number of shares purchased retained in treasury (units) | 2,888,000 |
Number of shares purchased which are proposed to be cancelled (units) | 0 |
Cumulative net outstanding treasury shares as at to-date (units) | 68,888,000 |
Adjusted issued capital after cancellation (no. of shares) (units) | 1,360,309,760 |
Total number of shares purchased and/or held as treasury shares against total number of issued shares of the listed issuer (%) | 5.06414 |
Remarks : |
Total number of issued shares is 1,360,309,760 ordinary shares. The Company had not cancelled any treasury shares. |
Company Name | SUPERMAX CORPORATION BERHAD |
Stock Name | SUPERMX |
Date Announced | 30 Apr 2020 |
Category | Immediate Announcement on Shares Buy Back |
Reference Number | SB1-30042020-00002 |
And on April 30th Supermax closing price opened at Rm2.38 and ended up 10 sen to close at Rm2.48
See
Number of shares purchased retained in treasury (units) | 2,888,000 |
Cumulative net outstanding treasury shares as at to-date (units) | 68,888,000 |
Ok let us go back in time to April 30th 2020 to see this actual posted comment below
Stock: [SUPERMX]: SUPERMAX CORP BHD
Apr 30, 2020 5:39 PM
Wahaha
Secret code in message decoded
2888
2 in Chinese means easy
888 means triple prosperity
So just buy Supermax then
So easy to prosper
Got it?
Indeed. It was a timely morale booster to all. And from Rm2.48 Supermax gradually climbed and climbed to Rm6.00
STARTLING REVELATION
Latest SBB
SUPERMAX CORPORATION BERHAD |
Date of buy back from | 25 Nov 2024 |
Date of buy back to | 26 Nov 2024 |
Currency | Malaysian Ringgit (MYR) |
Total number of shares purchased (units) | 2,888,000 |
Minimum price paid for each share purchased | 0.855 |
Maximum price paid for each share purchased | 0.870 |
Total amount paid for shares purchased | 2,498,507.25 |
The name of the stock exchange through which the shares were purchased | Bursa Malaysia Securities Berhad |
Number of shares purchased retained in treasury (units) | 2,888,000 |
Total number of shares retained in treasury (units) | 172,888,000 |
Number of shares purchased which were cancelled (units) | 0 |
Total issued capital as diminished | 0 |
Date of Notice | 04 Dec 2024 |
Date lodged with registrar of companies | 04 Dec 2024 |
Lodged by | Boardroom.com Sdn Bhd |
Company Name | SUPERMAX CORPORATION BERHAD |
Stock Name | SUPERMX |
Date Announced | 04 Dec 2024 |
Category | Notice of Shares Buy Back by a Company Pursuant to Section 127 (16) of CA 2016 |
Reference Number | SB2-03122024-00003 |
SUPERMAX NOW RM1.11
HOW HIGH WILL SUPERMAX REACH THIS ROUND 2?
TRUMP2 = SUPERMAX2
Created by calvintaneng | Feb 02, 2025
Created by calvintaneng | Jan 27, 2025
Created by calvintaneng | Dec 31, 2024
Supermax is a turnaround
there is something inside this Company that will cause it to emerge and outclass, outperform all others by the foresight of a single move of it's Factories onto the land of USA -
known to the Pilgrim Fathers' as
The Land of the Free & Home of the Brave
https://youtu.be/DYyLrrQ0Os4?si=_NLBkHv9skwGo867
1 month ago
Supermax's Leadership with it's far sighted vision and pro-active management has built the 1st Malaysia Glove Factory on USA homeland
https://youtu.be/Ne3WwNvq0s4?si=qFSF2LIPd1J4jP0f
1 month ago
True to its name
just one day after announcement of free bonus and free warrants
Management of Supermax submitted To Bursa for approval today
Really Super Speed
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3510316
1 month ago
Supermax as illustrated by a
3 Stage Rocket
Now all 3 stages of a Rocket are in progress
China gloves
Malaysian Gloves
Supermax gloves
by Jan 2025 Trump will impose 50% tariff on China Gloves and by 2026 it will be 100% tariff
so the stage 3 rocket booster, ie, China will be discarded and blocked from Us market
the rocket continues ....
then Stage 2 rocket will also disengage as Trump further block Topglove, Harta and Kossan for not building Glove factories in USA
high tariff to keep them out
leaving only stage one rocket Supermax to build phase 2, phase 3 & phase 4
to the intend that USA citizens will get jobs to MAKE AMERICA GREAT AGAIN
SUPERMAX WILL BE THE SOLE CHAMPION ALL BY ITSELF
AS IT HAS BUILT THE RIGHT FACTORY AT THE RIGHT TIME IN THE RIGHT PLACE
1 month ago
Rm1.22 now
see by tomorrow 27th Dec 2024 if Supermax will break through Rm1.30 barrier
1 month ago
SUPERMAX VERSUS TOPGLOVE, KOSSAN & HARTA, Compare & Contrast, By Calviun Tan
https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-12-27-story-h496893176-SUPERMAX_VERSUS_TOPGLOVE_KOSSAN_HARTA_Compare_Contrast_By_Calviun_Tan
1 month ago
SUPERMAX - A TURNAROUND STAR!
SHINING SO BRIGHTLY
SUPERMAX (7106) IN CYCLICAL UPTURN (NOT AFFECTED BY DEEPSEEK) AS IT IS INTO HEALTHCARE; TOTALLY UNRELATED BUSINESS), Calvin Tan
https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2025-01-30-story-h498586274-SUPERMAX_7106_IN_CYCLICAL_UPTURN_NOT_AFFECTED_BY_DEEPSEEK_AS_IT_IS_INTO_
2 weeks ago
calvintaneng
The Secret Code of
2,888,000 Sbb
On 30 April 2020
Then again this 2nd time
2,888,000 Sbb
Message done on purpose!
Now is the time for Supermax to turn Supersonic again
https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2021-04-29-story-h1564201060-THE_ONCE_IN_A_CENTURY_SUPERBULL_OF_MEDICAL_GLOVE_MY_STORY_ON_SUPERMAX_C
calvintaneng
56,823 posts
Posted by calvintaneng > 10 hours ago | Report Abuse
December 4th 2024
Another 2,888,000 sbb
See
👇
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3506541
1 month ago