Supermax fully owned subsidiary Maxter Healthcare Incorporated in USA may follow Grab's route to list in the NASDAQ ie via SPAC ( SPAC a special purpose acquisition company with no commercial operations that is formed strictly to raise capital through an initial public offering (IPO) for the purpose of acquiring an existing company.)

For the record- Maxter Healthcare Inc. will construct a giant Glove manufacturing plant with 12 billion capacity per annum in Delaware USA.

Interesting times lies ahead for Supermax shareholders

I hope Sifu @freetospeak return to this forum and give his wise & witty comments. It he does it will be a big boost , as he is respected here.

Analysis: India shifts from mass vaccine exporter to importer, worrying the world.

https://klse.i3investor.com/blogs/kianweiaritcles/2021-04-16-story-h1563362202-Analysis_India_shifts_from_mass_vaccine_exporter_to_importer_worrying_t.jsp

Analysis: India shifts from mass vaccine exporter to importer, worrying the world.

https://klse.i3investor.com/blogs/kianweiaritcles/2021-04-16-story-h1563362202-Analysis_India_shifts_from_mass_vaccine_exporter_to_importer_worrying_t.jsp

Fully agree with you- rr88

Major negative divergence. End of the run for this grossly overcooked overbought overmanipulated TWENTY-FIVE BILLION $ company.

TWENTY-FIVE BILLION. Laugh until kok about to fall off.

First support 3.26. Next support 2.75. SELL.

Fully agree with you Chief999- a glorified lapsap hardware shop replacing SUPER TO THE MAX is ridiculous.

another motivation to up is, SC wont allow billion ringgit company to be taken out of KLCI by 100mil Mr DIY (malu lar if this happens)... by June, Super market cap is big enuff to remain in KLCI... so still long way to go up :)

Buying power far too strong for Shorties (RSS) to press down Supermax.

This time they will get roasted.

Short term TP of Rm 8.00 very much in sight.

Huat arr.

https://klse.i3investor.com/blogs/kianweiaritcles/2021-04-16-story-h1563360186-Two_to_a_bed_in_Delhi_hospital_as_India_s_COVID_crisis_spirals.jsp

https://klse.i3investor.com/blogs/kianweiaritcles/2021-04-16-story-h1563360186-Two_to_a_bed_in_Delhi_hospital_as_India_s_COVID_crisis_spirals.jsp

LATEST

Pfizer CEO says-

1-Third Covid vaccine dose likely needed within 12 months.
2-People may need to get vaccinated against the coronavirus annually.
----------------------------------------------------------------------

APR 15 2021

KEY POINTS

>Pfizer CEO Albert Bourla said people will “likely” need a third dose of a Covid-19 vaccine within 12 months of getting fully vaccinated.
>He also said it’s possible people will need to get vaccinated against the coronavirus annually.

https://www.cnbc.com/2021/04/15/pfizer-ceo-says-third-covid-vaccine-do...

Hospitals run short of beds as Asia's COVID-19 cases surge.
------------------------------------------------------------
By Neha Arora, Chayut Setboonsarng

April 15 2021.

NEW DELHI/BANGKOK (Reuters) - India and Thailand reported record daily coronavirus cases on Thursday, as a new wave of infections, combined with a shortage of hospital beds and vaccines, threatens to slow Asia’s recovery from the pandemic.


https://www.reuters.com/article/health-coronavirus-idUSKBN2C213Z

Hospitals run short of beds as Asia's COVID-19 cases surge.
------------------------------------------------------------

April 15 2021.

NEW DELHI/BANGKOK (Reuters) - India and Thailand reported record daily coronavirus cases on Thursday, as a new wave of infections, combined with a shortage of hospital beds and vaccines, threatens to slow Asia’s recovery from the pandemic.


https://www.reuters.com/article/health-coronavirus-idUSKBN2C213Z

LATEST

Pfizer CEO says-

1-Third Covid vaccine dose likely needed within 12 months.
2-People may need to get vaccinated against the coronavirus annually.
----------------------------------------------------------------------

APR 15 2021

KEY POINTS

Pfizer CEO Albert Bourla said people will “likely” need a third dose of a Covid-19 vaccine within 12 months of getting fully vaccinated.
He also said it’s possible people will need to get vaccinated against the coronavirus annually.

https://www.cnbc.com/2021/04/15/pfizer-ceo-says-third-covid-vaccine-do...

Hospitals run short of beds as Asia's COVID-19 cases surge.
------------------------------------------------------------
By Neha Arora, Chayut Setboonsarng

April 15 2021.

NEW DELHI/BANGKOK (Reuters) - India and Thailand reported record daily coronavirus cases on Thursday, as a new wave of infections, combined with a shortage of hospital beds and vaccines, threatens to slow Asia’s recovery from the pandemic.


https://www.reuters.com/article/health-coronavirus-idUSKBN2C213Z

LATEST

Pfizer CEO says-

1-Third Covid vaccine dose likely needed within 12 months.
2-People may need to get vaccinated against the coronavirus annually.
----------------------------------------------------------------------

APR 15 2021

KEY POINTS

Pfizer CEO Albert Bourla said people will “likely” need a third dose of a Covid-19 vaccine within 12 months of getting fully vaccinated.
He also said it’s possible people will need to get vaccinated against the coronavirus annually.

https://www.cnbc.com/2021/04/15/pfizer-ceo-says-third-covid-vaccine-dose-likely-needed-within-12-months.html

Covid-19: Case numbers breach 2,000, highest since March 5----- 4th wave hits Malaysia.

Thursday, 15 Apr 2021

PUTRAJAYA: The number of Covid-19 cases in Malaysia has continued its ascending trend, with 2,148 new cases recorded on Thursday (April 15).

The last time the country's daily figures were above 2,000 was on March 5 - when there were 2,154 cases that day.

Health director-general Tan Sri Dr Noor Hisham Abdullah (pic) said in a Twitter post that Sarawak has the highest number out of all states with 512 new cases, followed by Selangor with 459 infections.

Cumulatively, the country has 367,977 confirmed Covid-19 cases since the pandemic began.

Stay safe folks.

By the way the SHORTIES has 44,715,625 Supermax shares to cover. Looks like they are in for a grand roasting- soon I hope.

All trapped at upper floors will be released from " jail " soon.

Don't get too excited- Still a long way to go. TP Rm 8.0 in August.

Gloves sector is on the unptrend now.

Pandemic far from over- Roll out of vaccines too slow- Mutations rising.

Return of the Glove euphoria 2.0

Congrats to all - traders, investors and contra players- all making money and laughing- the one's willing to hold for a least 3 months - will laugh the most.

TP 4.80 coming - soon.

https://finance.yahoo.com/news/denmark-permanently-discontinue-astrazeneca-vaccine-100546543.html

Denmark to permanently discontinue use of AstraZeneca vaccine

https://finance.yahoo.com/news/denmark-permanently-discontinue-astrazeneca-vaccine-100546543.html

MARGMA expects a shortfall of 80 bil pieces of rubber gloves this year as demand continues to outstrip supply
----------------------------------------------------------------------
theedgemarkets.com

March 15, 2021

KUALA LUMPUR (March 15): Global supply of rubber gloves is projected to reach 420 billion pieces this year, some 80 billion pieces short of the projected demand of 500 billion pieces, according to the Malaysian Rubber Glove Manufacturers Association (MARGMA).

MARGMA expects a shortfall of 80 bil pieces of rubber gloves this year as demand continues to outstrip supply
----------------------------------------------------------------------
theedgemarkets.com

March 15, 2021

KUALA LUMPUR (March 15): Global supply of rubber gloves is projected to reach 420 billion pieces this year, some 80 billion pieces short of the projected demand of 500 billion pieces, according to the Malaysian Rubber Glove Manufacturers Association (MARGMA).

There was a shortfall of 100 billion pieces of rubber gloves last year, when global demand reached 460 billion but supply was only at 360 billion. In 2019, the shortfall was 40 billion pieces, when global demand was 340 billion pieces, while supply reached 300 billion pieces. In 2018, global demand was at 280 billion pieces, while supply stood at 268 billion pieces.

Folks- to maximise profits buy and hold- shorties need to cover as soon as possible before getting slaughtered- when Q results are released- estimated at Rm1.28 billion.

Covid is far from over.

Covid-19: 1,889 new cases bring total to 365,829
--------------------------------------------------

Take care folks- Its getting bad here as well.

The Star- NATION
Wednesday, 14 Apr 2021

4:26 PM MYT

Comfort is the best performing Glove counter today. More upside to follow tomorrow.

tbooi1168.

It is cruel that many people will die, I believe this Covid-19 pandemic is far from over. I am taking a chance to buy glove stocks because I believe foreign fund managers are net buying Topglov and Supermx. I buy Supermx and Comfort in last 2 days.

Thank you.

Covid-19: 1,889 new cases bring total to 365,829

Wednesday, 14 Apr 2021

4:26 PM MYT

PUTRAJAYA: Covid-19 cases in Malaysia continued to rise, with 1,889 new infections recorded in the country on Wednesday (April 14).

A day before, the country recorded 1,767 new infections.

Cumulatively, the country’s total confirmed cases are now 365,829.

Health director-general Tan Sri Dr Noor Hisham Abdullah, in a Twitter post, said Selangor recorded the most cases with 517 new infections.

Malaysia on the brink of 4th wave of Covid 19 infection
------------------------------------------
2021/04/14

DOCTORS warn that Malaysia is on the brink of a fourth wave of Covid-19 infection as the total number of active cases shot to 16,300 yesterday.

According to data from the Ministry of Health (MoH), there were 1,767 new daily cases reported versus 1,290 recoveries, and 12 new deaths were also recorded yesterday.


https://themalaysianreserve.com/2021/04/14/malaysia-on-the-brink-of-4th-wave-infection/

tbooi1168.

It is cruel that many people will die, I believe this Covid-19 pandemic is far from over. I am taking a chance to buy glove stocks because I believe foreign fund managers are net buying Topglov and Supermx. I buy Supermx and Comfort in last 2 days.

Thank you.

Covid-19 pandemic is far from over from the looks of it.

SUPERMAX should emulate GRAB's route to list in the NY Stock Exchange. However, Supermax need to be taken private first in order to make this a reality.

...................................................................................................

From ride-hailing to fintech: Grab’s journey in the fast lane


SINGAPORE: Singapore-based Grab Holdings said on April 13 it plans a US listing after merging with the investment fund Altimeter Capital Management in an operation that values the firm at US$39.6bil .

Here are some facts about the company’s journey from humble beginnings as a taxi-booking app in Malaysia to a South-East Asian tech giant.

Rapid rise

Grab launched in 2012. In just a few years, it has become the largest ride-hailing firm in South-East Asia, operating across eight countries in the region as well as Japan.

‘Prestigious’ New York listing

Grab plans to go public through a merger transaction, the latest instance of a prominent company combining with an entity specifically established by investors for such a merger - a so-called “special purpose acquisition company”.

Market participants say such deals are faster and less costly to execute than traditional share sales known as initial public offerings, or IPOs.

As for listing in New York, NTU's Koh said advantages include “access to a wider shareholder base, higher liquidity, cheaper cost of capital and - to a certain extent - higher prestige since the US stock market is the largest in the world”.

- AFP

Be patient folks. Sentiment towards gloves is improving albeit slowly. Once the sector is back in favour of the investment fraternity- Comfort will zoom to RM5- 6-00. However, currently the big boys are still camping in the Tech & recovery plays and are quietly accumulating gloves stocks The time will come when the euphoria in GLOVES return. I expect this to happen in May or early June.

Pang, here you go -

https://www.bursamalaysia.com/misc/missftp/sblnt/NetShortPosition20210409.pdf

Bro Pang- The figures are from Bursa Malaysia Website. May be they tipu- I don't know.

NET SHORT POSITION AS AT 9th APRIL 2021---SHORTIES REALLY HENTAM GLOVES.

.............................................TOTAL NET SHORT.. ....%.NET SHORT
TOP GLOVE.............................251,555,667 .....................3.07

SUPERMAX...............................44,715,625...................... 1.65

KOSSAN....................................33,779,446......................1.33

HARTA.......................................42,989,833 ....................1.26

CGS-CIMB

Malaysia │ Strategy │ April 13, 2021

Analysis of foreign investors’ fund flows for KLCI constituents

1-Foreign investors’ top three net buy stocks among the KLCI constituents last week were Digi, Top Glove and Sime Darby.

2-Their top three net sell stocks last week were Axiata, Hartalega and Public Bank.

3-YTD, the largest net buy stock was Supermax and the largest net sell was Public Bank.

4- Local institutional investors were largest net buyers in the healthcare sector while local retail investors were net sellers last week.

CGS-CIMB

Malaysia │ Strategy │ April 13, 2021

Analysis of foreign investors’ fund flows for KLCI constituents

1-Foreign investors’ top three net buy stocks among the KLCI constituents last week were Digi, Top Glove and Sime Darby.

2-Their top three net sell stocks last week were Axiata, Hartalega and Public Bank.

3-YTD, the largest net buy stock was Supermax and the largest net sell was Public Bank.

4- Local institutional investors were largest net buyers in the healthcare sector while local retail investors were net sellers last week.

WHO says Covid pandemic is growing ‘exponentially’ at more than 4.4 million new cases a week
------------------------------------------------------------------------------
PUBLISHED MON, APR 12 2021- CNBC

KEY POINTS

The WHO said the trajectory of the pandemic is now “growing exponentially” at more than 4.4 million new Covid-19 cases.

Maria Van Kerkhove, the agency’s technical lead for Covid-19, said “we’re in a critical point of the pandemic.”

“This is not the situation we want to be in 16 months into a pandemic where we have proven control measures,” she said.

WHO says Covid pandemic is growing ‘exponentially’ at more than 4.4 million new cases a week
------------------------------------------------------------------------------
PUBLISHED MON, APR 12 2021- CNBC

KEY POINTS

The WHO said the trajectory of the pandemic is now “growing exponentially” at more than 4.4 million new Covid-19 cases.

Maria Van Kerkhove, the agency’s technical lead for Covid-19, said “we’re in a critical point of the pandemic.”

“This is not the situation we want to be in 16 months into a pandemic where we have proven control measures,” she said.

Net short position- Comfort Gloves Bhd

https://www.bursamalaysia.com/misc/missftp/sblnt/NetShortPosition20210409.pdf

arv18- total net short position as at 9th April stood at 1,975.800 shares. Can you check it out bro?

Hopefully you get your facts right.

Correct @ Tantoro- Free warrants is also a good strategy to kill off the SHORTIES- short sellers.
A good roasting of the SHORTIES will be a pretty good sight- and they bloody well deserve it.

Health Ministry data show Malaysia may be hit by fourth wave of Covid-19, says Ismail Sabri
----------------------------------------------------------------------------------
Bernama

April 12, 2021 18:28 pm +08

https://www.theedgemarkets.com/article/health-ministry-data-show-malaysia-may-be-hit-fourth-wave-covid19-says-ismail-sabri

Be careful folks - keep safe.

Comfort Gloves plans to issue free warrants
-----------------------------------------------

TheStar Mon, Apr 12, 2021 07:00pm

KUALA LUMPUR: Comfort Gloves Bhd has proposed to issue free warrants to its shareholders.

The warrants, convertible into new shares, would enable the company to raise as much as RM452.7mil for capital expenditure.


"The exact quantum of proceeds that may be raised by the Company will depend on the actual number of Warrants exercised during the five years tenure of Warrants," the glove maker said in Bursa Malaysia filing.

Comfort Gloves on Monday said it has proposed to issue three new warrants for every 10 ordinary shares in the company held on the entitlement date to be determined later.

The company said the exerc ise price of the free warrants would be fixed at a 20% premium of the stock's 5-day volume weighted average price (VWAP).

"Assuming all 174,132,912 Warrants are exercised at the assumed exercise price of RM2.60 each, the gross proceeds raised would be up to approximately RM452.75mil," it said.

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Yes-I kinda agree with you. I was just being super conservative with my valuation- I guess its better to keep expectations low at times.

Posted by IMwhatIM > Apr 12, 2021 5:10 PM | Report Abuse

Goldberg: i tend to agree with you but i strongly feel it will eventually come back to RM4 to RM4.50

Comfort performed well today - more upside to come- Rm3-20 is my fair value and I believe a bonus issue is in the offing.

Current paid up is just 583 million shares.

new uses for glove:
https://worldofbuzz.com/brazillian-nurse-makes-hand-glove-sandwich-to-...

Comfort gloves brings comfort.

Amongst all the Big4 and glovemakers in Msia, only Supermax can maintain high ASP and 100% production capacity thru long term supply contracts to US,Canada,UK and European Govt and its agencies at post Covid pandemic from 2024 onwards. So for long term investors, a good option will be Supermax.