Since the demand in U.S is overwhelming, i believe the next action from Supermax (after 95% to OBM, where almost half of this OBM is external distributors) will be to divert all 100% if its OBM to OWN Distributors like Supermax Corporation US.

This way every single profit achievable till end of supply chain will get into Supermax pocket.

At current scenario in U.S, this is definitely possible.

The Virus Will Win

JUNE 12, 2020

https://www.theatlantic.com/ideas/archive/2020/06/virus-will-win/612946/

According to a forecasting model by Morgan Stanley, the number of American cases will, if current trends hold, roughly double over the next two months.

But neither the impact of mass protests over police brutality nor the effect of the recent reopening of much of the country—including the casinos in Las Vegas—is reflected in the latest numbers. It can take at least 10 days for people to develop symptoms and seek out a test, and for the results to be aggregated and disseminated by public-health authorities.

just copy paste and send by email now.....not even 5 sec!

unless you want to buy first tomorrow morning

Silent supermax investors, kindly do your part:
...............................................


REQUISITION TO MOVE AND VOTE FOR EARLY REPORTING OF THE Q4 FY 20 TO JULY 202O INSTEAD OF AUGUST 2020



I, ____________ Malaysia Identity Card Number: __________ holder of SUPERMAX share (Co-requisitors of no less than 50 voting members) hereby request as per the following:

1. To approve an earlier than usual reporting of Q4 FY 20 results to July instead of August. This is done in the interest of making the market realize earlier the potential implications of the Covid 19 pandemic on Supermax share valuation.

Please kindly acknowledge received of my official notice of requisition by an acknowledgment return email.



Thank you



Yours Sincerely,

Name:

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

Send to email: corporate-at-supermax-dot-com-dot-my, info-at-supermax-dot-com-my

tomorrow 100 cases?

Covid-19: China reports 57 new virus cases, highest daily count since April

By AFP - June 14, 2020 @ 6:15am
...............................


BEIJING: China reported 57 new cases of the coronavirus on Sunday, the highest daily figure since April, as concerns grow about a resurgence of the disease.

The domestic outbreak in China had been brought largely under control through strict lockdowns that were imposed early this year – but a new outbreak has been linked to a meat and vegetable market in south Beijing.

The National Health Commission (NHC) said 36 of the new cases were domestic infections in the capital.

The other two domestic infections reported Sunday were in northeastern Liaoning province, and local health officials said they were close contacts of the Beijing cases.


The alert was sounded after the NHC confirmed the first cases in Beijing for two months on Friday and city officials delayed the return of students in primary schools that had not already resumed classes.

Several of the new cases were linked to the Xinfadi wholesale market, and more cases connected with the market emerged Saturday after wider testing.

The market was closed and AFP reporters saw hundreds of police officers – many wearing masks and gloves – and dozens of paramilitary police deployed there on Saturday.

The new cluster of domestic infections has prompted fresh lockdowns with people ordered to stay home in 11 residential estates near to the market.

Worries have also grown about the safety of the food supply chain, with some other markets in the city also closed.

State-run media had reported that the virus was detected on chopping boards used to handle imported salmon, and that major supermarket chains had removed stocks of salmon.

Beijing's market supervision authorities ordered a city-wide food safety inspection focusing on fresh and frozen meat, poultry and fish in supermarkets, warehouses and catering services.

Nine nearby schools and kindergartens have been closed, sporting events, group dining and cross-provincial tour groups have also been stopped.

The majority of cases in recent months have been overseas nationals tested as they return home, and the rest of the cases reported Sunday were imported cases from abroad. - AFP

Send to email: corporate-at-supermax-dot-com-dot-my, info-at-supermax-dot-com-my

REQUISITION TO MOVE AND VOTE FOR EARLY REPORTING OF THE Q4 FY 20 TO JULY 202O INSTEAD OF AUGUST 2020



I, ____________ Malaysia Identity Card Number: __________ holder of SUPERMAX share (Co-requisitors of no less than 50 voting members) hereby request as per the following:

1. To approve an earlier than usual reporting of Q4 FY 20 results to July instead of August. This is done in the interest of making the market realize earlier the potential implications of the Covid 19 pandemic on Supermax share valuation.

Please kindly acknowledge received of my official notice of requisition by an acknowledgment return email.



Thank you



Yours Sincerely,

Name:

@sslee, means we no need IC and signature?

thanks sslee sifu, it is your draft of hengyuan up there...

miss universe supermax...all she needs is first move from us...others will start flowing automatic..

Posted by CharlesT > Jun 14, 2020 10:51 AM | Report Abuse

Having said so if u guys wanna push them to annouce q4 earlier then what abt q1 n q2 n q3 n q4 2021 leh?

it only takes 5 minutes...

all supermax shareholders, please update on the blog once you have sent the email accordingly

SUPERMAX - REQUISITION TO MOVE AND VOTE FOR EARLY REPORTING OF THE Q4 FY 20 TO JULY 202O INSTEAD OF AUGUST 2020'

Author: freetospeak | Publish date: Sun, 14 Jun 2020, 9:16 AM

https://klse.i3investor.com/blogs/freetospeak/2020-06-14-story-h1508784032-REQUISITION_TO_MOVE_AND_VOTE_FOR_EARLY_REPORTING_OF_THE_Q4_FY_20_TO_JUL.jsp

Appendix A:
...........

Standard official REQUISITION FORM as below:



Date: _______________

Supermax Corporation Berhad. (Company No: 420405-P)

Dear Sir/Madam,

REQUISITION TO MOVE AND VOTE FOR EARLY REPORTING OF THE Q4 FY 20 TO JULY 202O INSTEAD OF AUGUST 2020



I, ____________ Malaysia Identity Card Number: __________ holder of SUPERMAX share (Co-requisitors of no less than 50 voting members) hereby request as per the following:

1. To approve an earlier than usual reporting of Q4 FY 20 results to July instead of August. This is done in the interest of making the market realize earlier the potential implications of the Covid 19 pandemic on Supermax share valuation.

Yours Sincerely,





Signature: _______________



Identity Card (scanned or snapshot attached here)

totally agree

Posted by Goldberg > Jun 14, 2020 10:25 AM | Report Abuse

Since the boss loves number 8, the Quarterly results could be announced on the 8 of July. LOL.

TG announced in 11 days..... may be Supermax in 7 days,,,,

so we can see it on 7th July then...only 3 weeks more!

thanks freetospeak, very good idea!!

will send shortly...

Best Gloves for Barbers and Stylists

https://www.elegancegel.com/blog/best-gloves-for-barbers-and-stylists/#:~:text=Nitrile%20Gloves&text=Nitrile%20is%20perfect%20for%20use,protect%20themselves%20and%20their%20clients.

Many professions require the usage of gloves while they work, barbers and stylists are among those professionals. Not everyone working in this field wears them though; you can say it is a personal preference. If you ask around there are arguments for and against wearing gloves.

According to some barbers or stylists they do not wear gloves because they consider gloves uncomfortable to wear, especially for extended periods of time. They can make your hands sweaty and make it hard to grip the clippers.

Here are some reasonable points on why it’s important for barbers and stylist to wear gloves:

Gloves are sanitary and good for everyone’s overall hygiene.
Wearing gloves helps to protect you and your clients from any possible blood contact, especially during razor cuts.
Gloves will prevent client’s hair from getting under your nails and will protect you from getting painful hair splinters.
Gloves will also keep your hands from getting stained while you’re applying color to client’s hair.


Nitrile Gloves
................

Nitrile gloves are made from synthetic rubber and often referred to as “medical grade.” Nitrile gloves mold to your hand for a superior fit and they are comfortable for wearing for extended periods of time. They will protect you and your client from puncture resistance better than any other type of glove. Available in different colors, like blue, red, or pink you can easily see if they happen to get a puncture in them. Nitrile is perfect for use with color and perms as they are resistant to most chemicals. The shelf life of Nitrile gloves is long, and there is no worry about allergies.

Nitrile Gloves are the best choice for barbers and stylist to use to protect themselves and their clients.

With Nitrile gloves being so comfortable, the glove trend seems to be a tendency that not only protects the professional but the client. Wearing gloves might not just be for style purposes but a shop necessity.

Mutation could make coronavirus more infectious, study suggests

June 13, 2020

https://edition.cnn.com/2020/06/12/health/coronavirus-mutations-scripps-gene/index.html

"Sometime in the middle of January, there was a change that allowed the virus to become more infectious. It doesn't mean it's more lethal," Haseltine said. "It makes it about 10 times more infectious."

"This virus is going to respond to whatever we do to control it. We make a drug, it is going to resist it. We make a vaccine, it is going to try to get around it. We stay at home, it is going to figure out how to hang around longer," he said.

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

Above fact means, the change in hygiene habit is going to be permanent.

See Harta's presentation page 14 'Gloves per capita consumption':

https://www.insage.com.my/Upload/Docs/HARTA/12th%20AGM%20Presentation.pdf

all european countries even developing countries is above 112 while china is at 6

Imagine if China, India and Indonesia comes to half the level (112 ) at 56.

3 Billion times x (50) = 150 Billion per annum rise

Pre-Covid demand was at 300 Billion level, meaning 50% increase in global demand.

Its not that difficult to envisage China and India increasing their consumption by 10 times compared to pre-covid level permanently, just at 50% level of other developing countries.

all the governments already book order till next year 2021 winter (northern hemisphere)...by coming winter all back to square one looks like...

i will never invest in any other businesses...all are heading doom direction especially retails, tourism, airlines, hotels...

https://www.worldometers.info/coronavirus/country/china/

Zero cases from 22 April (20 days)....and now 45 cases!

may be already infected 1000s...

Beijing District in 'Wartime Emergency Mode' After Fresh Virus Cluster in Market, Some Areas Locked Down

https://www.news18.com/news/world/beijing-district-in-wartime-emergency-mode-after-virus-case-spike-in-wholesale-market-2667337.html

Chu Junwei, an official of Beijing's Fengtai district, said at a briefing that throat swabs from 45 people, out of 517 tested at the district's Xinfadi market, had tested positive for the new coronavirus.

.......

walao...from zero suddenly 45 new cases!

Malaysia must be joking to open up so soon.....

"Its show how damn difficult it is to eliminate this virus"
............................................

and the world is generating 140,000 new cases daily....WTF!

if TG can drop, may be super will drop further too

the question is will TG drop?

“Monthly sales orders went up by some 180%,” it added.

https://www.cnbc.com/2020/06/12/share-price-of-malaysias-top-glove-surged-due-to-coronavirus-pandemic.html

Such an increase in demand has led to an increase in the average selling price of Top Glove’s products by as much as 30% since the start of this year.

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

30% todate + 15% June / July = 45%

https://www.theedgemarkets.com/article/still-screaming-buy-top-glove-it-prepares-more-bumper-results

Furthermore, Top Glove also plans to raise the ASPs by 15% a month in July and August respectively, which would widen its profit margin.

.........

must be the barber effects

Post removed.Why?

well said hng33

covid 19 changed standard operating procedures (SOP) of healthcare and uplifted global hygiene awareness permanently

just like 9/11 attack permanently change SOP of screening at the airports

the potential implication is reflected by the enormous difference in per capita consumption of the developed nation vs developing countries like China, India, Brazil and Indonesia

this is the fundamentals that is driving glove players to invest heavily on new capacity

RM 2 per glove kah?

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


All the SOPs, like having to wear a disposable apron and new gloves for each customer, will be followed as long as they can go back to work.

Yusof said he would charge RM5 more for each service at his 10 outlets in Terengganu and Pahang to cover the cost of buying disinfectants, disposable aprons and gloves to comply with the SOP

Posted by Apple1234 > Jun 8, 2020 10:45 AM | Report Abuse

https://www.freemalaysiatoday.com/category/nation/2020/06/07/barbers-to-charge-rm5-extra-to-cover-cost-of-gloves-apron-disinfectant/

Coronavirus: top glove supplier Malaysia says shortage to drag on, warns buyers to beware of scammers

- The coronavirus-driven surge in demand for the personal protective equipment will spill into 2021, Malaysia’s glove manufacturers body says
- It cautioned buyers to stay vigilant as bogus agents offer ‘ridiculous’ prices with a promise to cut short delivery time

5 Jun, 2020

https://www.scmp.com/news/asia/southeast-asia/article/3087615/coronavirus-top-glove-supplier-malaysia-says-shortage-drag


“MARGMA foresees the shortage of gloves due to overwhelming demand this year to spill into 2021.”

The global disposable gloves market was valued at US$7.6 billion last year and is expected to reach U$11.8 billion by 2025, according to

MARGMA, whose members include top-two players Top Glove Corp and Supermax Corp, also said worker safety and welfare were being monitored “critically” as pressure increases to step up production.

Coronavirus: top glove supplier Malaysia says shortage to drag on, warns buyers to beware of scammers

- The coronavirus-driven surge in demand for the personal protective equipment will spill into 2021, Malaysia’s glove manufacturers body says
- It cautioned buyers to stay vigilant as bogus agents offer ‘ridiculous’ prices with a promise to cut short delivery time

5 Jun, 2020

https://www.scmp.com/news/asia/southeast-asia/article/3087615/coronavirus-top-glove-supplier-malaysia-says-shortage-drag


“MARGMA foresees the shortage of gloves due to overwhelming demand this year to spill into 2021.”

The global disposable gloves market was valued at US$7.6 billion last year and is expected to reach U$11.8 billion by 2025, according to

MARGMA, whose members include top-two players Top Glove Corp and Supermax Corp, also said worker safety and welfare were being monitored “critically” as pressure increases to step up production.

Agung birthday also fall on 8 liao!

fantastic news...supermx the greatest beneficiary among all gloves stocks

Posted by freetospeak > Jun 5, 2020 6:40 PM | Report Abuse

- Plant #12 (Lot 6061) • Block B (production machineries only)
- Plant #13
- Plant #14
- Plant #16 (Lot 6062)
TOTAL
65.0
230.0
230.0
190.0
715.0 million Total CAPITAL EXPENDITURE

Supermax can apply for factory expansion.

Companies, both foreign and local, which make capital investment of between RM300 million and RM500 million will be able to enjoy zero investment tax for 10 years.
For capital investment above RM500 million, companies will be given 15 years of tax holidays.

brings back memory...


Stock [SUPERMX]: SUPERMAX CORP BHD
Announcement Date 15-Apr-2020
Date 15-Apr-2020
Shares Ordinary Shares
Number of Shares 8,888,000
Shares Retained in Treasury 8,888,00

8.88 must be...

beautifully expressed......'crystal clear'

Posted by freetospeak > Jun 5, 2020 10:20 AM | Report Abuse

leslie..wat is reveue cannot match with profit???how do u know wat is supermax qtr 4 profit? price already at almost 9 now even when jun not over...what is the price gonna b b4 qtr 4 result in aug?even managment also dunno 100% how much the profit.

But i can tell u...normal asp precovid is about US$23/k pcs ,
now the highest price on retail is about 150USD/k pcs

lets say supermax only sell at US$43/kpcs(u think realistic or not?)

6 bill x 20/kpcs (43-23)= 6b x 8 sen/pcs profit = RM480 million....

i giv it 50% discount = RM240 million.

still not convince me.

Shortage of medical gloves to persist into 2021, says top supplier Malaysia

World consumption of the personal protective equipment is estimated to jump more than 11% to 330-billion pieces in 2020

04 JUNE 2020 - 10:46 KRISHNA DAS

Kuala Lumpur — The global shortage of medical gloves due to a coronavirus-driven surge in demand will carry over into 2021, Malaysia, the world's biggest gloves supplier, said on Thursday, warning buyers to be wary of scammers promising quick supplies.

World consumption of the personal protective equipment is estimated to jump more than 11% to 330-billion pieces in 2020, two thirds of which are likely to be supplied by Malaysia, its rubber glove manufacturers association (Margma) said.

It recently received more than a dozen reports of fraud and fake agents claiming to represent member companies for glove supplies. Counterfeit company letters were produced to appoint bogus agents or potential customers were quoted “ridiculous” prices with a promise to cut short delivery time.

“Buyers are reminded that while glove prices have soared and demand is overwhelming, the industry’s supply is being fully booked until early next year,” Margma president Denis Low said in a statement.


“Margma foresees the shortage of gloves due to overwhelming demand this year to spill into 2021.”

The global disposable gloves market was valued at $7.6bn last year and is expected to reach $11.8bn by 2025, according to VynZ Research.

Margma, whose members include top-two players Top Glove Corp and Supermax Corp, also said worker safety and welfare were being monitored “critically” as pressure increases to step up production.

Last week, a group of European politicians urged the EU trade commissioner to make sure higher demand does not become an excuse for exploiting workers, who come mainly from Bangladesh, Myanmar and Nepal.

The US in March lifted a ban on imports from Malaysian glove maker WRP Asia Pacific it had accused of using forced labour.

Developed economies, home to only a fifth of the world's population, account for nearly 70% glove demand due to their stringent medical standards.

Reuters

.........

@Maxam, thanks for sharing

supermax shed its skin today...to grow larger

added to to FTSE!

http://www.mira.com.my/misc/media_release-04062020.pdf

As a result of this review, AMMB Holdings, Axis Real Estate Investment Trust, Datasonic Group, Malaysia Airports, Mega First and MI Technovation have been added to the FTSE Bursa Malaysia Mid 70 Index

may be they will reopen margin after reaching TP

i miss RM8...

Supermax Corporation - Quantum Leap
..................................

Date: 03/06/2020

Source : KENANGA

Contrary to our earlier assumptions, the industry ASP has risen further month-on-month in anticipation of tighter supply and supernormal demand due to the pandemic. We highlight that SUPERMXs OBM distribution model could yield higher price and margins. Industry ASP over the next few months is now higher by between 5% and 15%, as opposed to the previous monthly 5% hike. With a diverse customer base, we expect SUPERMX to have better pricing power, potentially getting higher than industry average selling prices. Hence, we raised our FY20E/FY21E net profit by 11%/43%, to account for higher margins. TP is raised from RM7.60 to RM10.90 based on unchanged 26x CY21E EPS. Reiterate OP.

Dual-stream incomes from manufacturing and distribution. We gather that it is confident of raising ASP by between 5% to 10% each month from June till Dec 2020, vs. our previous expectation of 5% monthly increase from June to Sep 2020 indicating supply tightness have further propelled ASP higher. Specifically, Supermax is expected to gain from higher margins from both its gloves manufacturing and distribution. 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 organisations, 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. From a conference call with its investor relations, we understand that demand has continued to climb over the past 2 weeks indicating that lead time is now 12 months compared to 10 months and order-book filled up to June 2021. This led to higher utilisation rate of >95% as compared to pre-COVID-19 level of 80-85%. Case in point is Supermax’s overseas distribution centres which are experiencing fast inventory depletion from the normal 4 months to within 6 weeks. Supermax expects the heightened demand to continue for the next 1 to 1.5 years.

Outlook. Plant 12 consists of Block A and Block B, each consisting of 8 double former lines with 2.2b pieces each (total 4.4b pieces). As of now, for Block A, its remaining 3 lines started commissioning in end March 2020 on top of the 5 lines already in commercial production. For Block B, all 8 lines are expected to be fully commissioned by 2H 2020. Upon full commercial production by 2H 2020, installed capacity will rise 13.4% to 26.2b pieces per annum.

Raised FY20E/FY21E net profit by 11%/43% after raising pre-tax margin assumption from 16%/18% to 17%/25%.

Undemanding FY21E PER valuation of 18x compared to earnings growth of >100%. Correspondingly, our TP is raised form RM7.60 to RM10.90 based on unchanged 26x CY21 revised EPS of 41.9 sen (at slightly above +2.0SD above the 5-year historical forward mean). We like Supermax because: (i) the stock is trading at an undemanding 18x FY21E EPS compared to expected earnings growth of >100%, and (ii) of its OBM model, where it can extract higher margin from distributor prices, compared to the OEM model at lower factory prices. Reiterate Outperform.

Key risk to our call is longer-than-expected commercial operations of new plants.

Kenanga latest TP 10.90

glad to hear this from OTB...

Posted by OTB > Jun 2, 2020 8:26 PM | Report Abuse

Posted by freetospeak > Jun 2, 2020 5:40 PM | Report Abuse

The kyy calculation is not fair to supermx in term of selling price and product %. Should higher than 13

he he...not many understand supermax obm centre, obm independant distributor and oem composition. using supermax price chart to compute topglove n comfort. its already very wrong. u can say 100% ASP for topglove obm department ,that i can understand. for comfort, i think very difficult. only for supermax can capture full 300% increment for 55% obm segment. the other glove company is very very wrong to use this pricing to compute their profit.
-----------------
Ans :
Mr Koon takes my report to attach to his article.
This calculation is very conservative, 10.14 is still has not hit yet.
No reason to put up so high target price.

"The Manufacturer's selling price of gloves had increased from USD 25 to USD 110, an increase of 340%."

From the above statement, I know how high is the target price.
Wait for next quarter result out, I will revise up the target price again.
Thank you.

lets see changing name bring some luck to supermax today...

OMG... and this panther is sleeping

Posted by CharlesT > Jun 1, 2020 2:04 PM | Report Abuse

topglove SG limit up...lol

https://www.theedgemarkets.com/article/malaysian-state-cargo-carrier-profits-soaring-demand-medical-gloves

MAB Kargo profits from soaring demand for medical gloves

May 19, 2020


Posted by CharlesT > Jun 1, 2020 11:25 AM | Report Abuse

Posted by super_newbie > Jun 1, 2020 11:25 AM | Report Abuse

Btw, guess next quarter might not excellent as expected with so many holiday between Apr-Jun.

lol!

Posted by CharlesT > Jun 1, 2020 11:25 AM | Report Abuse

Maybank garang garang revised abt RM9 higher on Topglove from their last TP...io revising 5 times in a month like Kenanga on Supermax