Why ramped up the tax if not serious....kakaka

Dont hope can buy cheap Ah Tai will share buy back...cash RM 1.3 billion

Surprisingly revenue up RM 35 million as compared with last quarter....which is better than Kossan 0% up in revenue...

Profit 16 million if take off the one off charges..... Revenue Up 30 million mean the sales pickup ady...

In this quarter, the Supermax Group suffered losses before and after tax mainly due to several
one-off charges as follows:
• Impairment of plant and machinery, factory equipment, mould & tools at an old plant, which
has stopped production during the quarter amounting to RM27.1 million;
• provision for old and obsolete stock of packaging materials and certain down-graded glove
inventory at the old plants amounting to RM3.3 million;
• write-down of high price inventory at an overseas subsidiary amounting to RM72.85 million;
• pre-operating expenses of the new US plant amounting to RM421,223 (RM880,745 for FYE
30.6.2024);
• additional tax charged at certain manufacturing units for prior years charges amounting to
RM30.8 million; and
• Unrealised foreign exchange losses for the quarter amounting to RM9.9 million (RM27.9
million for FYE 30.6.2024)

Revenue up RM 30 million...

Are you ready another 5 days...

My expectation is 3 billion profit..... no woner drop to 2.0

How M-pox spread?

nothing to worry rm2 on the way...

RSS reduce to the lowest since pass 3 years...

Monkey pox pandemic seem like very wide spread...

QR today?? or Boss will postponed again?

Kossan Net Profit 80 million+

TP 1.5 by Month end

Tomorrow Glove Gap UP.... Trump win

Another 30 days.... Kossan Result.... Another 40 days Harta Result

Aiyaya dare to buy at RM 5.1 not dare to buy at RM 1.5 ..... this is pig not human...

dawchok

Need to compare to the historical data to say Boleh or Tak Boleh Pakai. Not many got in at 1.50, instead many entered at 5.1.

TP 1.5 by month end..

TP 3 by year end

Management sold all the share already....now get few million play v u all...

You will never see Topglov at Rm 0.8 again...

0.8 above stay more than 1 weeks.... high possibly the JCY management offload their tickets ...RM 1?? risk is very high ....no worth to fight...

Calvin if buy from 0.3-0.4 also 100% lo... bettter than warrent buffet

Esos at 0.285 ...all staff at JCY rich untill father until recognized...

If the boss sell off 100 million keep inside Maybank every month also can get RM 2.5 million interest ...haiyo ....selling share tickets better than doing business

300% up ...apa lu mao??

0.285 till 0.9.....if I'm boss cash out 100 million and enjoy at Hawaii beach with many many lenlui lo...

Aiyaya RM 1.5 up to RM 3.55...up RM 2 leh...Who said glove sector cant pakai ...see??

Buy now or never? Year end TP RM 2

Going back To RM 4 ...

long time dint see topglove at 80 sen.... this month will say bye bye to price below 1.2 ..... after result price will maintain above 1.2 forever ever and never..

TP RM2 August 2024

See you at 0.2

If tariff up to 50%, many sales in USA will change to local made factory , that time Supermx is the biggest winner as Supermx is the only one invested 3 years ago to build the manufacturing line that cost about RM 2 billion.... RM 3-4 easily achived for supermx if the tariff rise to 50% ....If 100% ...supermx will BOOM ...

Supermx:

"The next stage will involve the installation of various manufacturing equipment including artificial intelligence (AI) automation and robotics facilities.

"A technical team from Supermax Malaysia will be deployed to the US facility in various stages for commissioning of the manufacturing facility.

Supermx:

"The next stage will involve the installation of various manufacturing equipment including artificial intelligence (AI) automation and robotics facilities.

"A technical team from Supermax Malaysia will be deployed to the US facility in various stages for commissioning of the manufacturing facility.

THE ONLY AI GLOVE FACTORY:
Supermax’s US factory nears completion

08 Dec 2023

Supermax Corp Bhd announced that its first glove manufacturing facility in the US is nearing completion, with the group having fulfilled and complied with various regulatory requirements, including permits, to operate the plant in Brazoria County, Texas.

“Supermax’s American and Malaysian teams have been working very hard to manage the setting-up of the US operations and we are pleased to announce that construction of our first manufacturing facility will be substantially completed before the end of December 2023. The next stage will involve the installation of various manufacturing equipment including AI, automation and robotics facilities,” said Supermax executive chairman Datuk Seri Stanley Thai in a statement that was issued following the group’s annual general meeting on Friday.

“A technical team from Supermax Malaysia will be deployed to the US facility in various stages for commissioning of the manufacturing facility,” Thai added.

According to the group, it is the first Malaysian company to set up a glove plant in the US, the biggest glove consuming market in the world.

The group, however, did not indicate when the plant, in which it planned an investment of US$350 million (RM1.6 billion), is expected to start production. It had originally targeted that to be in the fourth quarter of 2022, which was then pushed back to the second quarter of this year.

Meanwhile, Thai shared with shareholders at the AGM that the group is expected to continue to face challenges for the next five to six quarters, with improvements only expected in 2025.

Last month, Supermax reported a net loss of RM2.05 million for its first quarter ended Sept 30, 2023 (1QFY2024), compared to a net profit of RM5.71 million in 1QFY2023, as revenue shrunk to RM177.96 million from RM247.96 million amid weaker demand, while selling prices remained lower.

It is the group’s fourth straight loss-making quarter since 4QFY2023. Still, the group has been progressively narrowing its losses each quarter. It logged a net loss of RM108.07 million in 2QFY2023, RM39.91 million in 3QFY2023 and RM7.17 million in 4QFY2023.

In its results filing, Supermax attributed the losses it incurred to continued weak demand as buyers were still going through their heavily over-stocked positions post-pandemic, while it had to face a loss of revenue from a major market, the US, due to the Withhold Release Order imposed by the US Customs and Border Protection in October 2021, which was only lifted on Sept 18 this year.

Shares in Supermax settled unchanged at 90 sen on Friday, giving the group a market capitalisation of RM2.44 billion. The stock has climbed five sen or 5.88% since the start of this year.

Source: The Edge Malaysia

THE ONLY AI GLOVE FACTORY:
Supermax’s US factory nears completion

08 Dec 2023

Supermax Corp Bhd announced that its first glove manufacturing facility in the US is nearing completion, with the group having fulfilled and complied with various regulatory requirements, including permits, to operate the plant in Brazoria County, Texas.

“Supermax’s American and Malaysian teams have been working very hard to manage the setting-up of the US operations and we are pleased to announce that construction of our first manufacturing facility will be substantially completed before the end of December 2023. The next stage will involve the installation of various manufacturing equipment including AI, automation and robotics facilities,” said Supermax executive chairman Datuk Seri Stanley Thai in a statement that was issued following the group’s annual general meeting on Friday.

“A technical team from Supermax Malaysia will be deployed to the US facility in various stages for commissioning of the manufacturing facility,” Thai added.

According to the group, it is the first Malaysian company to set up a glove plant in the US, the biggest glove consuming market in the world.

The group, however, did not indicate when the plant, in which it planned an investment of US$350 million (RM1.6 billion), is expected to start production. It had originally targeted that to be in the fourth quarter of 2022, which was then pushed back to the second quarter of this year.

Meanwhile, Thai shared with shareholders at the AGM that the group is expected to continue to face challenges for the next five to six quarters, with improvements only expected in 2025.

Last month, Supermax reported a net loss of RM2.05 million for its first quarter ended Sept 30, 2023 (1QFY2024), compared to a net profit of RM5.71 million in 1QFY2023, as revenue shrunk to RM177.96 million from RM247.96 million amid weaker demand, while selling prices remained lower.

It is the group’s fourth straight loss-making quarter since 4QFY2023. Still, the group has been progressively narrowing its losses each quarter. It logged a net loss of RM108.07 million in 2QFY2023, RM39.91 million in 3QFY2023 and RM7.17 million in 4QFY2023.

In its results filing, Supermax attributed the losses it incurred to continued weak demand as buyers were still going through their heavily over-stocked positions post-pandemic, while it had to face a loss of revenue from a major market, the US, due to the Withhold Release Order imposed by the US Customs and Border Protection in October 2021, which was only lifted on Sept 18 this year.

Shares in Supermax settled unchanged at 90 sen on Friday, giving the group a market capitalisation of RM2.44 billion. The stock has climbed five sen or 5.88% since the start of this year.

Source: The Edge Malaysia

If buy during afternoon no need to think?

If limit up cant then slow up can?

So tommorow how? if push until 1.2 then back to 0.8 kwap earn very little how? why not push till rm 2 then slowly throw till rm 1.5? Then can earn big ma..right?

TP 2.0 by year end.

TP 1.5 by month end...

The effects of tariff benefit to Malaysia since January 2024.... Please do more homework. Yesterday surge is the last call for late comer.

When??? Now lo!! WAKAKAKA

If Donald Duck Win 100% on rubber gloves tariff... immediately enforcement...

Malaysia Steel will up up up...

A mandatory review of the Section 301 tariffs on imports from China concluded May 14 with recommendations to increase some tariffs on $18 billion worth of Chinese goods, establish an exclusion process for a limited number of products, and make other changes. A Federal Register notice soliciting comments on the proposed changes is expected next week.

The recommendations are included in the Office of the U.S. Trade Representative’s report on its review of the tariffs, which were first imposed in 2018 in an effort to persuade China to modify its “harmful technology transfer-related acts, policies, and practices.” USTR Katherine Tai said that while the tariffs have been somewhat successful in that regard, “further action is required.”

USTR also downplayed the impact of the tariffs on U.S. businesses, saying they have had small negative effects on U.S. economic welfare, prices, and employment and that these impacts are “particularly associated” with China’s retaliatory tariffs on U.S. exports. In fact, USTR asserted, the tariffs have helped to increase U.S. production in the most-affected industrial sectors, reduce imports from China, and increase imports from alternate sources, “thereby potentially supporting U.S. supply chain diversification and resilience.”

USTR is therefore proposing to maintain all existing Section 301 tariffs on Chinese goods and to add or increase tariffs on the following products.

- battery parts (non-lithium-ion batteries) – from 7.5 percent to 25 percent in 2024

- electric vehicles – from 25 percent to 100 percent in 2024

- lithium-ion electrical vehicle batteries – from 7.5 percent to 25 percent in 2024

- lithium-ion non-electrical vehicle batteries – from 7.5 percent to 25 percent in 2026

- medical gloves – from 7.5 percent to 25 percent in 2026

- natural graphite – from 0 to 25 percent in 2026

- other critical minerals – from 0 to 25 percent in 2024

- permanent magnets – from 0 to 25 percent in 2026

- personal protective equipment – from 0-7.5 percent to 25 percent in 2024

- semiconductors – from 25 percent to 50 percent by 2025

- ship-to-shore cranes – from 0 to 25 percent in 2024

- solar cells (whether or not assembled into modules) – from 25 percent to 50 percent in 2024

- steel and aluminum products – from 0-7.5 percent to 25 percent in 2024

- syringes and needles – from 0 to 50 percent in 2024

Let the result take the walk..