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2020-10-12 14:48 | Report Abuse
Closing above RM10 today should be a breeze.
2020-10-12 14:38 | Report Abuse
9.98 roadblock to be cleared soon . opps cleared already.
2020-10-12 14:28 | Report Abuse
Break out already ahh- will be flying to the m0oon then. Yipeeee.
2020-10-12 14:22 | Report Abuse
SUPER is a PPE-SUPER market.( Disposabls Gowns, Masks & Disp Gloves).
OBM+ODN= SUPER PROFIT.
2020-10-12 12:32 | Report Abuse
BIG BOOST FOR SUPERMAX- TP RM15 (after Q1 results and imminent inclusion in d KLCI index).
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KUALA LUMPUR (Oct 12): Supermax Corporation Bhd and Kossan Rubber Industries Bhd will likely be featured as the FTSE Bursa Malaysia KLCI (FBM KLCI) constituents in its next review following the rise in both glove manufacturers’ market capitalisation.
Maybank Investment Bank Bhd (Maybank IB), in a note, said Supermax and Kossan were now the 20th and 24th largest stocks on the Malaysian exchange.
“The potential changes clearly reflect a new COVID-19 landscape with the glove sector expected to post above-normal demand-driven profits and gaming (casino) falling victim of the pandemic.
2020-10-12 12:19 | Report Abuse
Remember Share Buy Back up to rm 8.75 which mgmt viewed as GROSSLY UNDERVALUED.
It should be valued. at least RM15 in the near term. Insiders know better.
2020-10-11 19:58 | Report Abuse
Posted by GiantPanda > Oct 11, 2020 2:42 PM | Report Abuse
The latest Quarterly Result for April to June 2020
Profit After Tax PAT
Harta PAT RM 220 Million
SUPERMX PAT RM 400 Million
400 / 220 = 182% SUPERMX very much Higher than Harta
Net Profit Margin
Harta 24%
SUPERMX 44%
44% / 24% = 183% SUPERMX very much Higher than Harta
Earnings Per Share
Harta EPS 6.49
SUPERMX EPS = 30.58 before 1-for-1 Bonus Issue
30.58 / 6.49 = 471% SUPERMX very very very very very much Higher than Harta
SUPERMX EPS = 15.29 after 1-for-1 Bonus Issue
15.29 / 6.49 = 236% SUPERMX STILL VERY VERY VERY MUCH HIGHER than Harta
Harta Last Price RM 17.40 Market Cap = RM 59,640 Million
SUPERMX Number of Shares Outstanding after bonus issue = 2,721 Million shares
59,640 / 2,721 = *** RM 21.92 is SUPERMX Fair Price ***
59,640 / 2,721 = *** RM 21.92 is SUPERMX Fair Price ***
59,640 / 2,721 = *** RM 21.92 is SUPERMX Fair Price ***
59,640 / 2,721 = *** RM 21.92 is SUPERMX Fair Price ***
59,640 / 2,721 = *** RM 21.92 is SUPERMX Fair Price ***
59,640 / 2,721 = *** RM 21.92 is SUPERMX Fair Price ***
When Harta and SUPERMX announce the next quarterly result for July to September 2020 in early November
(SUPERMX could announce earlier Anytime from now in October as not its financial year end quarter;
Topglov released August end result in on 17 Sep in 17 days, Supermax sure can do in 30 days by end of October, up to the management team decision),
Harta probably PAT RM 300 Million another record high profit
SUPERMX possibly PAT RM 900 Million Superb Explosive Bombastic Record High Profit
RM 900 Million / RM 300 Million = 300%
SUPERMX Profit After Tax PAT WILL BE TRIPLE (3 TIMES!!!) of Harta
SUPERMX Earnings Per Share WILL BE QUADRABLE (4 TIMES!!!!) of Harta
The sickest stock market in the world Bursa is full of the dumbest investors among all the parallel universes still sleeping under the old perception
THEY WILL SOON WAKE UP to buy SUPERMX
2020-10-10 11:38 | Report Abuse
GLOVE makers set resume upward trajectory as DEMAND & ASP surges
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THE super bulls that have powered the uptrend momentum in the stock market are now in hibernation mode after an impressive run. The Covid-19 –is currently evoking a third wave with the rising number of cases globally with no end in sight.
Just when everyone thought that the value of glove stocks had peaked, massive (3rd Wave) Covid-19 infections are sending their values even higher. This led to EPF acquiring close to RM500mil just on rubber glove counters over the past month.
Equity analysts for the sector are expecting the revenue and earnings of glove makers to continue growing over the next few quarters as demand outstrips the supply and the average selling prices (ASPs) are still on the rise and will not be tapering off any time soon.
They are bullish on rubber glove stocks- especially SUPERMAX for its SUPERIOR business model compared to the rest (OBM & ODN factor) which results in SUPER high Net Margins.
Supermax is set announce excellent PAT for Q1 -2021 (July,August,Sept) results soon.
2020-10-09 22:59 | Report Abuse
Top Glove mulls raising US$1 bil in Hong Kong listing
Bloomberg - October 9, 2020 9:30 PM
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This could be a powerful catalyst for the GLOVES sector and TG in particular on Monday.
2020-10-08 17:19 | Report Abuse
SUPERMAX PROJECTED Q1 2021 PROFIT AFTER TAX- RM869 MILLION.
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Total PBT (Q1 2021)...............................................1159
Less 25% tax.........................................................290
PAT........................................................................869
EXCLUDING - PAT rm 120 million not accounted for from previous Q.
2020-10-08 14:29 | Report Abuse
Supermax at 50sen eps.
pe 40 will be 20.00
pe 30 will be 15.00
pe 20 will be 10.00
Supermax is trading around pe 20 now .
Where shld supermax stand?
U will know in few wks time.
2020-10-08 14:17 | Report Abuse
Mr OTB, many thanks for the excellent analysis on SUPER DOOPER MAX.
2020-10-08 14:08 | Report Abuse
Mr OTB's strategy on SUPERMAX
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Compared against the performance of Mercator WA, the share price of Supermx is really underperformed. I hope the share price of Supermx can catch up in the next 20 days.
During the analyst briefing after the Q4 2020 result is out, all analysts are informed that 150 million PBT or 120 million PAT was not captured in time for the Q4 2020 result. This amount is carried forward to Q1 2021.
In the month of July 2020, the selling price of the glove increased by 15%.
In August and September 2020, the selling price of gloves increased by 30%.
I believe Q1 2021 result will be better than Q4 2020.
Look at the outstanding performance on Q2 2020 result of Shandong Intco Medical Product Company Ltd in China, I believe Q1 2021 result of Supermx will be very outstanding.
The most important criteria for the share price of stock to go up north is the growth of PAT or EPS. There is a strong growth in PAT in Q1 2021 result.
According to my calculation, PAT in Q1 2021 result is 989 million. I used the same method to calculate Q4 2020 result of Topglov, my projection is 24% lower than the actual PAT of Topglov achieved in Q4 2020 result.
Based on technical chart reading, my first target price of Supermx is at 12.20 to be achieved before Q1 2021 result is out. I believe Q1 2021 result to be released will be good in view of price increase of 15%, 30% and 30% of the glove prices in the month of July, August and September 2020 respectively.
I believe the Q1 2021 result will be released in October 2020. The management of Topglov can release Q3 2020 result in 11 days, I believe the management of Supermx can release Q1 2021 in 30 days.
I recommend holding on to the share until Q1 2021 result is out.
I have checked many times, I believe all my assumptions stated above are achievable. Please wait for the Q1 2021 result to be released and let us verify the performance on the share price of Supermx.
I will review the performance of Supermx again after Q1 2021 result is out. It is pointless to project a high target price which is not achievable in a short term period.
2020-10-07 15:13 | Report Abuse
Big Funds are just nibbling at the moment, just waiting for them to sapu in a big way- as SUPER is SUPER undervalued.
Remember ,FF/Big Funds sapu 5% of SUPER at RM11 just before inclusion in the MSCI global index.
2020-10-07 14:33 | Report Abuse
SUPERMAX
TP: RM15-00
Dual-stream incomes from manufacturing and distribution. Supermax is expected to gain from higher margins from both its gloves manufacturing and distribution divisions. We expect higher margins going forward due to higher product mix skewed towards OBM distribution which accounts for 95% compared to 70% pre Covid-19 which we believe had caught us as well as the market by surprise at a time when supply is tight due to aggressive stockpiling of critical medical supplies including gloves. Supermax is getting enquiries from foreign government agencies, non-government organizations, retailers and restaurants chains. Amplifying the pent-up demand, buyers are paying between 30% to 50% deposits in advance to secure glove supply and timely delivery.
2020-10-07 10:44 | Report Abuse
SUPERMAX is GROSSLY UNDERVALUED- HERE's PROOF
Company bought back their shares up to a top price of RM8.75
Stock............................[SUPERMX]: SUPERMAX CORP BHD
Date..............................29-Sep-2020
Number of Shares.........5,036,000
Price (per shares).........8.300 - 8.750
In a nutshell, SUPER is absolutely Undervalued and only INSIDERS knows the extent of it.
A TP of RM 12 -15 in the short term shouldn't be a problem.
2020-10-07 08:40 | Report Abuse
No lockdown/MCO announced , foreign fund and retailers panic buy and chase SUPER to RM10 today.
2020-10-06 21:31 | Report Abuse
SUPER's FUNDAMENTALS are getting stronger by the day. Just look at the scary COVID numbers- no end in sight. This is going to be a long haul for the gloves industry.
This bio warfare is gonna stay with us for a long time.
Always remember Supers business model-OBM+ODN=SUPER PROFITS.
Just wait for SUPERS explosive Quarterly Results / PAT to be announced soon.
In terms of forward PER- SUPERmax is the cheapest and most valuable counter in Bursa.
2020-10-05 16:52 | Report Abuse
Good Closing RM9.71, tomorrow should be above RM 10 easily. Well done to all SUPER investors !
2020-10-05 16:38 | Report Abuse
TP of RM5-00 coming- excellent results to be announces soon. Accumulate.
2020-10-05 16:25 | Report Abuse
SUPER MAXX MASK to power SUPERMAX to the MOON
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BeyondMask™ is powered by Supermax Healthcare Canada, the health Canada approved division of Supermax Group, a world leading personal protection equipment manufacturer.
2020-10-05 16:17 | Report Abuse
Don't worry Folks, EPF & Uncle Warrant will sapu all the road blocks up to RM10-00 today.
2020-10-05 14:46 | Report Abuse
OBM- Own Brand Manufacturer n ODN - Own Distribution Network.= SUPER profits.
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Posted by LearningLearning > Oct 5, 2020 2:25 PM | Report Abuse
Goldberg, I am very ignorant. Can you please enlighten me on what does OBM / ODN mean?
2020-10-05 14:08 | Report Abuse
"ASP is going to be STUBBORNLY high at least till mid 2021 which supports exponential QoQ earnings growth over the next few quarters". I feel this is a powerful catalyst going forward for GLOVE counters particularly SUPERMAX.
With the pandemic gaining strength and without any signs of abating, demand will exceed supply for at least 3 years - As per Mr Kuan, Chairman of Hartalega.
SUPER will benefit the MOST- due to its OBM +ODN business model.
2020-10-05 12:23 | Report Abuse
Anwar just want to recommend DYMM Agong accumulate SUPER , good investment mah!
Nothing sinister lah. SUPER" s fundamentals too strong to ignore.
2020-10-05 12:15 | Report Abuse
SUPER's PAT of RM 880-980million probably leaked to the market.
2020-10-05 12:07 | Report Abuse
Next target RM15 before quarter results out end of month.
2020-10-05 11:40 | Report Abuse
ANOTHER FANTASTIC PRODUCT BY SUPERMAX - BEYOND MASK
BeyondMask™ is powered by Supermax Healthcare Canada, the health Canada approved division of Supermax Group, a world leading personal protection equipment manufacturer. Supermax has been servicing the Canadian healthcare, dental, and many other industries for over 15 years.
Unique designs with sterilizable over 100 times warrantied, custom 3D-printed shells and memory shape silicone gasket, scan-fitted for each individual. BeyondFit is the new generation reusable face mask for long-lasting comfort and maximum protection.
2020-10-05 11:27 | Report Abuse
Looks like EPF nicely sapuing SUPER to the MAX.
All roadblocks sapued by them. They are just waiting for more road blocks.
The only bright sector left in Bursa, the rest struggling to be profitable.
2020-10-04 10:19 | Report Abuse
This @ KNM clown is a TROLL ie. someone who leaves an intentionally annoying or offensive message on the internet, in order to upset someone or to get attention or cause trouble. a message that someone leaves on the internet that is intended to annoy people.
Best is to Ignore such clowns or rather TROLLS.
2020-10-03 12:07 | Report Abuse
Worldwide promotion of BIG 4 vital -
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I feel this is logical way to deter/prevent IBs from manipulating SUPERMAX shares is by promoting shares of the BIG 4 (world class GLOVE companies) around the globe by world renowned Investment bankers such as Goldman Sachs to Foreign Investors. These value seeking FF will punish such manipulative acts by local IBs. Currently, a large chunk of SUPERMAX shares are held by retail investors who are weak and easily manipulated. Just my 2 cents.
The following suggestion by PUREBULL must be looked into by the BIG 4 or rather their controlling shareholders.
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SPM n TOPGLOV must try to engage say Goldman Sachs, Credit Suisse or Morgan Stanley to do block placements to long term big name funds with their treasury shares.
Just throw 10% ++ fee. it will be a done deal asap, guaranteed.
Also to conduct road.shows at the soonest possible in global financial centres of LONDON, NEW YORK n HONG KONG.
Lots of buy side international funds wish to n must meet up with your CEO n teams.
Only then they will commit big buy. The fund fraternity is eager to talk to you n to hear your tone n confidence.
GLOVES r sexy to them! VALUES of your stocks could grow 2 - 3 X more by doing the simple 'cat walking' that works.
NB: The external foreign fund managers, NOMURA, TEMPLETON n ABERDEEN for EPF r actively buying TOPGLOV this week onwards...
2020-10-03 11:00 | Report Abuse
SUPERMAX poised to be the MOST PROFITABLE company among the Big 4
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Currently, based on the fundamental analysis, the best rubber gloves stock is TOPGLOVE and the next one is SUPERMAX I believe once SUPERMAX announced its excellent PAT for QR1 in late October/ early November- widely expected to be around RM800-900million, its will overtake TOPGLOVE as the most profitable company in the industry due to its OBM /ODN business model.
( last Q net margin of 44%)
HARTALEGA used to be the number 1, most profitable rubber glove stock fell behind the rest because they were tied down by its usual forward contracts (3 months ahead) and did not benefited from the sharp rise in the ASP (average selling price) earlier. However, in the coming QR, we can expect a steep rise in the financial performance of HARTALEGA as it has already caught up with the higher ASP (as can be seen that market already started to factor in this in its share price recently).
Note that the 4 largest rubber gloves namely, TOPGLOVE, HARTALEGA, SUPERMAX & KOSSAN usually the market are willing to give a higher PE multiples to them, especially when the stock is included in the MSCI and KLCI Component stocks. Recently all 4 of them are included in the MSCI with the inclusion of SUPERMAX and KOSSAN.
Currently, only TOPGLOVE and HARTALEGA are the KLCI 30 component stocks. I believe SUPERMAX and KOSSAN will make it to the list by this year end as they are now in the top 30 stock list in KLSE. Based on Friday market capitalization, TOPGLOVE is no. 2, HARTALEGA is no. 5, SUPERMAX is no. 20 and KOSSAN is no. 26
The above are comments by Investar.
2020-10-02 17:37 | Report Abuse
Supermx closed at 8.98 which is above 8.85 is good news. My wish was granted and I feel very happy today. I hope the Primary Third Wave up is ready to take off. I hope all the investors here will be laughing all the way to the bank in this month.
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Mr OTB thanks for your comments.
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Yes, I hope all SUPER investors will be laughing to the bank as well.
Huat Arr!
SUPER to fly to the MOON next week onwards.
2020-10-02 12:48 | Report Abuse
Carepls, Supermx and Topglov, the share prices had breakout from the downtrend channel. We are in the Primary Wave 3 now which will take the share price to previous high soon. Stay invested and hold them tight.
Thanks Mr OTB for the comments.
2020-09-29 17:35 | Report Abuse
High Court OVERTURNS guilty verdict in Stanley Thai's insider trading case
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theedgemarkets.com
September 29, 2020 15:09 pm +08
KUALA LUMPUR (Sept 29): The High Court today reversed the Sessions Court's decision three years ago in convicting former Supermax Corp Bhd managing director Datuk Seri Stanley Thai Kim Sim for insider trading in relation to APL Industries Bhd (APLI) shares.
"Hence, the conviction and sentence are SET ASIDE," said the judicial commissioner.
Tomorrow SUPER will fly to the MOON as Stanley will be back in action.
Hallelujah !
2020-09-29 10:21 | Report Abuse
Don't worry folks, Stanley will be cleared and SUPER will start flying to the MOON.
2020-09-27 12:35 | Report Abuse
Correct ! eddie1884, other sectors have very limited upside - banking, oil and gas, retails, construction, property, energy, hospitality, airlines etc. you can name it, they are all affected this by pandemic induced contraction.
Just put your money in the winning sector.
EPF is parking their colossal funds in gloves as gloves counters are the only stocks in Bursa which offers good returns/yields & also defensive.
2020-09-27 11:59 | Report Abuse
Many expert expressed that COVID is here to stay permanently, we have to live with it.
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Prevention measures will not go away and same as to stockpiling for PPE.
The Consortium of Independent Analyst wish to express here is that there is more future to Supermax for the coming quarters due to its OBM advantage which allows them for dynamic pricing and super margin being capitalised .
We believe other Glove stock with exceptional performance in operation and profits will be OP as well during and post this unusual time.
Side Note:
1. Although we believe there is a super bull run in the future. It doesnt mean it will go up in straight line. Up and down are expected during the long up trend.
2. This is the first time the world is going into Winter season with Covid 19 at 30 million base. Last time we had 0 case at this juncture. So the worst had yet to come- 2nd wave imminent.
3. Who is the foreign fund that bought 4+% of Supermax at 22.14 (11.07 post BI) on friday 28th Aug?
2020-09-27 11:43 | Report Abuse
Experts say that even if a coronavirus vaccine is eventually approved by FDA, it could take YEARS for the world to return to pre-pandemic times.
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The Washington Post reported that release of a safe and effective vaccine is only the beginning as sending it out to people in the United States and across the globe may stress distribution networks, the supply chain, and global cooperation, amid little public trust and rising anti-vaccine sentiment.
US regulators require the vaccine produced to be 50 percent effective to reduce the risk of Covid-19 transmission, but herd immunity, where enough of the population is immune to stop the spread of the coronavirus, is also needed.
“We have to prepare ourselves for the idea that we do not have a very good vaccine. My guess is that the first generation of vaccines may be mediocre, “Micheal S. Kinch, an expert in drug development and research at Washington University in St. Louis, was quoted saying.
He cited the HIV/AIDS epidemic that saw a first generation of “fairly mediocre drugs”.
Natalie E. Dean, a biostatistician at the University of Florida, was quoted saying: “You can make something work perfectly in the lab; it’s a whole other thing to make it work out in the community.”
The measles vaccine is 98 percent at preventing the disease. However, the flu vaccine is only 40 to 60 percent effective, as those with a weaker immune system, such as the elderly, require a special high-dose flu vaccine.
Although governments and companies are investing billions of dollars to speed up the production of the Covid-19 vaccine, not everyone will be able to get the vaccine even by the first month when the vaccine is available, The Washington Post reported.
Even those who can get vaccinated immediately, it takes weeks for the immune system to build antibodies against the vaccine and a booster dose may be needed.
2020-09-27 10:57 | Report Abuse
EPF slowly accumulating SUPERMAX ?
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Employees Provident Fund has been on a shopping spree for glove stocks recently. After emerging as a substantial shareholder of Top Glove last week with a 5.06% stake, it bumped up its shareholding to 5.1% this week. It has also raised its stake in Kossan to 8.09%, since emerging as a substantial shareholder of the company in June.
EPF's next target is definitely SUPERMAX as its earnings per share are much superior than TG and Kossan or even Hartalega. In addition its business model OBM&ODN-is also much superior than the rest which led to its impressive Net Margins 44% (last Q).
Next month/early Oct, Supermax is expected to announce a PAT of RM800-900 million for the next Q (July-Sept)- yup, jaw dropping results to say the least.
Accumulate while it is still cheap.
2020-09-26 12:49 | Report Abuse
GLOVES - Undervalued due to irrational selling.
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The glove sector is currently undervalued, especially so during the recent selloff. Those local funds who sold off are probably keen to reenter now but at a much higher entry price. Those retailers who panic sell may also due to FOMO rush back in. In my view, based on the last night statistics of buyers & sellers, I believe many funds are those who bought in the past week and retailers have been the one selling. Probably due to ending of Moratorium as well.
Is there more upside?
Definitely.
Are the glove stocks still cheap?
Definitely. Is it overvalued like what Macquarie, JF Apex and Ambank said? Nope. However, make your own decision based on your risk appetite and investment horizon.
2020-09-25 23:47 | Report Abuse
SUPERMAX to perform well next week
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Mercator WA which shares the same business model with SUPER closed at an all time high of 486 today In the Polish stock market.
This massive rise is due to the confirmed 2nd wave of Covid-19 pandemic sweeping all over the world particularly Europe and USA.
SUPER will catch up with MERCATOR 's rise and will do well next week as SUPER is undervalued as compared to rest of the big 4.
SUPER will probably retest its previous high of Rm12.20 next week.
2020-09-23 23:02 | Report Abuse
Surgical glove makers STRUGGLE to keep pace with BOOMING demand
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PARIS: With no end in sight to the coronavirus pandemic, worldwide demand for surgical gloves - as for other types of personal protective equipment - is booming, leaving manufacturers struggling to keep up.
The 2nd wave in USA and Europe will compound the shortage of gloves.
ASPs will keep on increasing for at least the next 6 months.
SUPER set to announce fantastic results in late Oct/early Nov- Rm800-900 million.
2020-09-22 23:05 | Report Abuse
SUPERMAX - SUPER GROWTH STOCK
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Performance of the glove stocks in the last 6 months:
1 Supermax went up from 80sen to close at Rm 7.60, an increase of 950%.
2 Top Glove went up from Rm 1.80 to close at Rm 7.98, an increase of 433%.
3 Kossan went up from Rm 4.50 to close at Rm 12.08, an increase of 268%.
4 Hartalega went up from Rm 5.30 to close Rm 14.16, an increase of 267%.
The reason for Supermax to perform very much better than Top Glove and any other glove stock is that it has the best profit growth rate as show on the table below. In Supermax’s last quarter ending June, its quarter on quarter increase was 462% and year on year was 2,552%.
Based on such good profit growth rate its next quarter ending September should be phenomenal.-
PAT for the coming quarter ( Q1 -2021) estimated to be around RM880 million.
2020-09-22 17:48 | Report Abuse
SUPERMAX made a strong reversal today- bullish engulfing. Uptrend to be continued, barring any unforeseen events.
To create a reliable trading rule we need to look for other indications that SENTIMENT is turning bullish.
Bullish engulfs are also common once an uptrend gets underway.
2020-09-20 13:41 | Report Abuse
MARGMA: Demand SKYROCKETING, glove exports material 29.8 billion ringgit.
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Nanyang Sun, Sep 20, 2020 12:00am
(Kuala Lumpur, 19th) The 2019 COVID-19 pandemic has led to a surge in global glove demand. The Malaysian Rubber Glove Manufacturers Association (MARGMA) has increased its glove export forecast this year by 36.7% to 29.8 billion ringgit.
The association originally predicted that the export value of gloves this year was 21.8 billion ringgit.
The export volume is also expected to increase from 220 billion gloves to 240 billion gloves.
According to a Bloomberg report, the association also predicts that next year's glove exports will reach 33.8 billion ringgit; the export volume will reach 270 billion.
2020-09-20 12:19 | Report Abuse
Big Funds Are Buying Glove Stocks - SUPERMX, TOPGLOV
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Big funds are buying SUPERMX and TOPGLOV at near market closing last Friday (18 Sept) in massive volumes. We can see these transaction in today Stock Tracker where the single order came in 6 digits.
Glove companies are expected to do well in the next few quarters. There are not many company in the market can offered better revenues and profits growth in the near future than glove industry.
Many big funds have missed the boat into buying glove stock as most of them has underestimated the performance of glove company for the past 2 quarters. The actual performance for the last 2 quarters have beaten their most optimistic forecast.
It is not surpirsing big funds will now restructure thier portfolio to increase the holding of glove company stock. They will accumulate the glove stocks when the retail investors sell it at below the intrinsic value.
2020-09-17 13:39 | Report Abuse
Outlook for GLOVE industry- TOP GLOVE Mgmt
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The outlook for the company and glove industry remains very promising.
With COVID-19, Top Glove estimates that glove demand will grow by 20% per annum in 2020, 25% in 2021 and 15% post-COVID. The continuous increase in sales orders from 195 developed and developing countries across the world, coupled with rapid growth in capacity and significant improvements in productivity through technology augurs well for the Group’s results going forward.
Notwithstanding news of several promising vaccines in the pipeline, glove demand remains at a supernormal level, as gloves will still be required even when a vaccine becomes available.
The Group’s monthly order book has seen a significant rise of about 150% from pre-COVID days while lead time (delivery) has gone up from about 40 days to as much as about 400 days presently. The exceptionally strong demand coupled with higher ASPs bodes well for the Group’s results in the coming quarters.
The Group unprecedented performance underlines the effectiveness of ongoing technology-driven improvement initiatives, which focus on quality and cost efficiency, which have enabled the Group to meet the increase in glove demand.
2020-09-17 13:32 | Report Abuse
TG - Profit After Tax] Q4- RM 1.326B. Excellent results- All GLOVES counters to FLY later.
Stock: [SUPERMX]: SUPERMAX CORPORATION BHD
2020-10-12 14:50 | Report Abuse
Finally FF woke up from deep slumber and realised that SUPER is SUPER undervalued.