Supermax glove production capacity will overtake Kossan by end of this year another 3-4 months (36 billions pieces per annum)

Most analysts are predicting Supermax profit after tax RM2billions (2022) and RM1billion (2023)....Their low target price are based on RM1billion PAT in 2023 with ASP drops to just USD25-30......Let see how this pandemic evolves coming few years

We don't hv to be smarter than the rest...We just hv to be more discipline than the rest...

Top Glove coming QR next month which date released?

Tengku Zafrul reappointed Finance Minister good news for top 4 glove companies no windfal tax

Azmin Ali reappointed MITI minister and all glove factories can operate 100% capacity as all workers already fully vaccinated

Glove demands keep increasing as winter season next few months....Supermax next 6 months capacity increase another 10 billions gloves to cope with higher demands

Glove companies still making billions of profits next year due to more dangerous variants emerging.Supermax current PE 2.1 is ridiculously low

Profit after tax RM1.011billions
Retained earnings/reserves RM4.6billions

Hope Supermax will reward shareholders special dividends and treasury shares

Supermax QR should be out these last 2 days most probably tomorrow

Coming Supermax QR expected huge dividends

Hope Supermax rewards treasury shares and special dividends coming QR announcement

All glove rebounds last minute closing green maybe QR announcement with huge special dividends

RSS suspended all top 4 glove stocks bullish uptrend

Tomorrow break new low and rebound closing super green

Hartalega super good QR profit also drops....If Supermax announce not too good QR profit maybe can reverse downtrend

KUALA LUMPUR (Aug 19): S&P Global Ratings has downgraded Serba Dinamik Holdings Bhd lower to “CCC” from “B-” previously to reflect the company’s sizable debt maturities of some RM1.7 billion within the next nine months.

It also has a negative outlook on the company to reflect its view of the refinancing risk the company faces, given its weakened access to funding, coupled with sizable debt maturing in the near term.

The ratings agency added that they see Serba Dinamik’s challenges surrounding the special independent review and statutory audit to be a roadblock to the company’s ability to get external sources of funding.

“With less than nine months to its sukuk maturity, Serba Dinamik's ability to get external sources of capital hinges on a resolution of the special independent review, a timely completion of its statutory audit, and a restoration of market confidence in the company,” said the rating agency in a statement today.

The ratings agency said while the company has not revised its targeted fiscal 2020 filing, any further delays would mean that the company would be hard pressed to meet its articulated deadline.

It sees this as a “key stepping stone” in dispelling uncertainty and restoring confidence among capital providers.

Serba Dinamik had appointed Nexia SSY PLT as the new statutory auditor of the company in August 2021, while Ernst & Young was appointed as the special independent reviewer of audit issues raised by ex-auditor KPMG PLT in July.

Notably, Serba Dinamik’s stock and bond prices have declined about 75% and 60% to 70% respectively, said S&P.

It does not see the company raising funds from the capital markets in the near term, as it believes that market confidence will take some time to be restored after the resolution of the special independent review and audit.

“In our view, the company's decision to take legal action against the previous auditor, KPMG, further complicates its bid to restore market confidence,” it added.

S&P highlights that in the next nine months, Serba Dinamik has maturing debts that include RM900 million in sukuk, RM700 million in loan amortisation of its long-term bank facilities and short-term facilities, and RM100 million of its commercial paper.

The last reported cash balance as at March 31, 2021 of the company amounted to RM1 billion.

S&P estimates that Serba Dinamik will generate RM300 million to RM400 million in negative free operating cash flow over the 12 months ending June 30, 2022.

Closed intraday high maybe good QR announcement today

How many RSS volumes for Supermax today?

Kossan price will be traded ex dividend price Thursday

KUALA LUMPUR, Aug. 11 (Xinhua) -- Malaysia's rubber and rubber products exports surged 150 percent to 44.43 billion ringgit (about 10.48 billion U.S. dollars) in the first half of this year from 17.77 billion ringgit a year ago, due to the strong demand of rubber gloves amid the COVID-19 pandemic, official data showed Wednesday.

The Malaysian Rubber Council (MRC), a unit under the Ministry of Plantation Industries and Commodities (MPIC) in Malaysia, said in a statement that the downstream rubber products exports, making up the bulk 89.7 percent of the total rubber industry exports, surged by 180.2 percent year on year to 39.87 billion ringgit, driven by strong performance in the latex goods in particular gloves products.

How much RSS volumes for all top 4 glove stocks today?

Kossan ex dividend 12 sen today but share price rally 19 sen today.Supermax needs to give much higher dividend for next price uptrend momentum

RSS should hv fixed period imposed to buy back their short sell shares

Boston Ryan…if 46b. How come the price keep dropping?? 46b given by the management??? TG and Harta expansion plans also on hold, right?? So frustrating price keep coming down.

Supermax capacity increase from 26 billions end 2020 to 36 billions end 2021 and 46 billions end 2022

Boston If capacity only 25/30b in 2022 -2024??? You buy at rm3.20 thinking it’s cheap but seller also not naive selling at that price. You seeing what others not seeing. End of the day, market is always right based on current price.

Supermax capacity 46 billions end 2022

investmalaysia77 delay US expansion meaning no growth hahahaha
Supermax glove capacity will grow 85% from 26 billions to 48 billions end 2022 from Malaysia factories expansion

Delaying US expansion factories almost USD550millions(RM2.2billions) will free up more cash to reward shareholders

Supermax will lead today

Vaccines hv failed to control this Delta variant and more gloves are needed coming next few months

Delta variant will be worse this coming fall and winter another 2-3 months causing exponential hike in US and European countries

ASP will drop gradually but will not drop to pre-pandemic ASP price

Supermax very likely will postpone US glove and PPE investment US550millions to reward bumper dividends for shareholders

If Supermax announce huge dividend short sellers going to lose

EPS 66sen Dividend 19.75sen superb QR result and bumper dividend!!!

All glove stocks reverse uptrend

Hartalega price dropping so much really sad for shareholders

Next uptrend wave to reach RM4 before QR release next week

Many retailers still stuck above RM5-RM7 still long way to reach previous price around RM5.50-5.90 when last QR announced 5th May

Hartalega undervalue at current price level https://youtu.be/ElsOToQM5Yc

Many Supermax holders still stuck above RM5+,6+,7+

Still long way to reach above RM5 before QR release

Still long way to go above RM5 before QR release next 2 weeks

Supermax, Hartalega and Kossan will release quarterly results as early as next 2 weeks

Foreign funds are joining institutional investors and retailers strong buying gloves stocks

Institutional investors and sharks start buying back aggresively

How about Hartalega 3 weeks before coming QR profit? Another coming selling down below RM6?

Post removed.Why?

Next Monday and Tuesday will know whether uptrend momentum or bullish trap