Currently, US is rely on imported glove, so they welcome the cheap price glove from China. Moving forward, once there are more n more manufacturer setup in US, US will start to impose the Anti Dumpling Law against China, because those China Manufacturer are selling their product below their own cost, so this is not fair to US Glove Player. By that time, China player will be force to increase their price and they will become less competitive. And Supermax US Factory will be benefit from this.
@NatsukoMishima, I am not sure whether you have read the Intco financial report that just released yesterday. At summary level, Intco is making profit in Q2'2023. But after I spending 2 hours read the detailed financial report, I found that actually the glove operation is not profitable, the profit is actually come from its other income (i.e. Investment income).
FYI, Intco has invested up to RMB 6-7bil into money market or short term investment. At the same time, Intco has stop its expansion plan, now it only maintain 48bil Nitrile Glove, and company did not mention any further expansion in near future.
As China has stop its expansion, and Malaysia has reduce the capacity via discontinue those old factory, glove price has been stable.
China player won't reduce its ASP anymore, and they will follow Malaysia to increase the ASP accordingly (maintain 10-15% below Malaysia ASP, as nobody will buy their glove if they offer the same price as Malaysia)
@Likesung, the total losses at the group level is RM30mil, however, net loss attributable to supermax shareholder is only RM7.1mil, meaning RM22.9mil loss is belong to other party (minority shareholder).
You may wondering how come Minority shareholder absorbed more losses than Majority shareholder (Supermax), let me explain in simple example below:-
ABC Holding Berhad have 2 subsidiary:-
Subsidiary A is 100% owned. Subsidiary B is 70% owned, and balance 30% belong to minority shareholder.
Company A made profit of RM50mil Company B make losses of RM80mil
At group level, ABC Berhad is making losses of RM30mil. However, if you calculate on in detail, ABC Berhad actually is making RM50mil profit from Subsidiary A, and RM56mil losses (70% x RM80mil losses), so actual losses attributable to ABC Berhad shareholder is RM6mil , not RM30mil, because the minority shareholder at Subsidiary B have to absorbed 30% of the RM80mil losses (i.e. RM24mil).
So back to Supermax, I believe this loss making subsidiary is the US/Canada subsidiary, as their operation have been affected by CBP.
Many analyst comment that KLK is paying a high price for BPLANT, but they are comment based on the land price, low yield of BPlant's plantation, old ages of tree. None of them mentioned about the Bplant's land location, nor they have mentioned about KLK ability to convert plantation land become new township like how they did previously for Bandar Coalfield.
If you compare Hexcare with Comfort, you will realised Comfort is a better buy, as Comfort has :-
1) Higher sales 2) Higher capacity 3) Higher cash 4) Higher NTA 5) Lower market cap (mean cheaper than Hexcare, although share price is 38sen)
Then we look at what Hexcare have :-
1) Dato Eddie (one of the mastermind in Bursa) 2) 20% Investment in Empire City, not sure this investment will become 3) Test Kit business (I believe Self Test Kit is one of the future trend). I hope they can invent many new type of test kit, such as influenza test kit, dengue test kit, cancer test kit...etc. Imagine next time we all no need to go clinic anymore, just spend few dollar at pharmacy to buy the test kit, then you can self test whether you got the disease.
@spider68, in this market there are many day trader, and many remiser that working for bosses. For example, day trader can buy & sell the same counter for many times during the day, as they are aim for 1-2 bid gain only. They can buy at 30sen, sell at 31sen, then buy back at 27.5sen, sell at 28sen, then buyback again 25sen, sell at 26 sen again..... so, if assume each transaction is 1mil unit, the same 1mil will be transacted 6 times during day, so the volume will be 6mil shares transacted, but actually only 1mil share is moving in the market.
Danco subsidiary JUSEV will soon be appointed as Tesla Charger Installer. Of course this is not a exclusive appointment, other player will be appointed as well, but this will keep the team busy, almost everyday have appointment, and the margin should be quite luctrative. I think company should start hire 30-50 technician, to prepare for the market demand next year.
Really wondering who will be the financial provider for YBS?
Someone mentioned OCBC bank in thread above. Some source said is Government linked institution (i.e. KWSP, KWAP, LTAT) Some even said is International Institution (i.e. Termasek, Softbank, Goldman Sach, JP Morgan)
Malaysia stock market have been behind its peer for many years. It is time to catch up. Day trader with low holding power have been dominated the market for many years, it now for value investor . long term investor to control the market. We donwan earn few cents and take profit, we are targeting 10 bagger. Select few stock with great potential and growth for next 5 years , then keep invest on them, every month very week invest, never think about sell before it reach 200-300% of your original investment
GENTING BERHAD ("COMPANY") Offering by Resorts World Las Vegas LLC and RWLV Capital Inc., both of which are indirect wholly owned subsidiaries of the Company, of US$400,000,000 in aggregate principal amount of 8.450% Senior Notes due 2030 ("Notes")
Does it mean Genting need to pay 8.45% interest to those investor that purchase the Notes? USD400,000,000 x 8.45% x RM4.5 = RM152,000,000 interest per annum? Why willing to pay so high interest?
@Hotstuff, for the past few months, I believe YBS has been working closely with Local Bank Institution, together with Government Institution (such as EPF, Khazanah, LTAT, KWAP) , to work out on the funding of USD70mil. And today they have signed this agreement, meaning YBS should has successful secure the funding.
This company market only RM180mil, and now it is signing a contract with a USD3bil company to collaborate on a production facility which involved USD 100mil cost of investment.
I mean this is a very big project and it could help this company to turnaround to become one of the top manufacturer in Penang, why retailer are jumping ship now?
Please imagine yourself, if you are going to invest USD100mil on a factory (equivalent to RM450mil), which is more than double of its existing market cap, what kind of annual sales your are expecting? Let said very prudence, this factory should at least produce minimum RM200mil sales per year (current existing revenue is around RM100mil), so you can expect this company will become a company with RM300mil revenue per annum, and assume 10% profit, it will have PAT of RM30mil per year.
Once again, Sell on News happen! Really disappointed with Malaysian market, full of retail investor that aiming for small profit and hit n run. Why Malaysian investor cannot aim for long terms? Hold the share from RM0.70 to RM7.00, Why earn 3sen, 5sen already take profit ?
Its subsidiary is doing extremely well in the EV Charger market. Malaysia is expecting minimum 10,000 charge station by 2025, and I am expecting market should have et least 50,000 unit of EV car by 2025. Assume each customer average spend RM4000 on the EV Charger installation, DANCO is expecting to capture 10% of the market share, so perhap we can expecting at leas 5000 customers installation within the next two years, which is equivalent to RM20,000,000 sales.
@JJPTR, the warehouse will have 2.8mil square feet of rentable area. So you can imagine how big is it. One football field has 57600 sqft, so the warehouse size is about 48 football field. So now you believe it worth RM654 mil?
Eddie style is like this, your will forever 估他不到。 I think he must have very professional team and very canggih system to help him count the ticket on all the retailer's hand. When you bought and hold the share, it will everyday sink few cents. No matter how strong you are, it will make your blood slowly slowly drain out. 95%, 80%, 65%, 55%, 45%, 32%, 26%.. untill you terpaksa cut loss at 25%, then it start to surge up.
Trust me, Opcom will never never become Hextech. You know why, because Opcom got too many retailer like you n me sitting inside dreaming Eddie will goreng it one day. Hextech can go so high because no retailer inside, the counter is fully corner. Opcom has too much retailer.
Someone said Opcom is cash rich and no need money for right issue, then for me cash rich is even more dangerous. When the company has too many cash, Eddie will proposed something like sell his personal asset to this cash rich company and transfer out all the cash. Please study SWSCAP, see how he propose SWSCAP to buyover those useless vacant land from HEXTECH, then all the cash of SWSCAP will be channel to his own company.