The building of US glove factory was delayed becuz no way US would approve a company with active ban on force labour. Very obvious there is some positive negotiation between US gov and Supermax to uplift the ban in Q2 2022. So the timeline is just nice for the construction to start in Q2. You will have expedite clearance if u are investing USD350mil and create jobs to jobless americans.
Yes buddy do your own research. U will find this cash rich, debt free, high growth company is earning tons of USD and by setting up factory in USA will continue to earn more USD. I know u will say got competition but which industry no competition one. Operator press price so low for u to buy still wait for what?
Supermax Corporation Berhad (“Company” or the “Group”) announced to Bursa Malaysia that its US-based subsidiary Maxter Healthcare Inc. has released the artist impression of its Advance Manufacturing Facility in Brazoria County, Texas, United States. This will be the Company’s 18th manufacturing plant worldwide and its first in the United States. The new 215-acre manufacturing facility will showcase cutting edge capabilities through expanded use of artificial intelligence and robotic engineering. The facility will be comprised of a total of eight buildings. Phase one will begin construction sometime in the second quarter of 2022 with glove production expected to start sometime in the second quarter of 2023. The Company had earlier announced an investment of USD$350 million on the first of four construction phases. The Supermax facility in Texas will cater to at least 10-15% of annual medical nitrile glove demand in the U.S. over the next two to four years in the first phase alone. The second phase will follow closely, meeting 20-25% of demand and consumption in the U.S. over the next four to six years.
Why no good? Cash rich debt free. Growth is confirmed. Covid still in rampage mode worldwide. I bought 1 million shares at 0.99 last week now already appreciate in value in less than 1 week. I dare the sharks to crash the price to 0.90 if they see no value in this company.
Ya paper loss only if never sell. if you bought Apple shares in 1997 also paper loss that time, what happen next no need to say. Cash rich, debt free, products sold globally company is the best to invest.
No need to be disappointed because current price already factor in the bad result. Look forward to better result once the force labour issues rectified and cbp ban lifted. Current expansion in Malaysia and new USA factory will surely push Supermax to new height.
I am sure Supermax will get preferential treatment from cbp after investing USD500 mil to build mega factory and hire americans to work. Furthermore, already rectified most of the force labour issues like debt bondage, zero cost recruitment, higher minimum wage, better working condition, 5k ex gratia bonus, etc