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.

If buying supermax is a scam then 90% of bursa counters are worst with heavy losses, high debt, no growth.

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?

https://www.forbes.com/sites/yessarrosendar/2022/03/23/malaysian-billionaire-stanley-thai-invests-350-million-to-build-supermaxs-glove-manufacturing-plant-in-texas/?sh=6631091d20b0

Cash rich debt free high growth. Next catalyst is the lifting of CBP ban. Better invest in Supermax rather than 90% of rubbish companies in bursa. At least u could sleep soundly at night hehe.

Yes still holding at 11 but I sold Tesla, Nvidia and use my super profit to buy in at the lowest. Have to thank Stanley for giving buy signal with the sbb.

Lucky I all in at 0.99, now paper profit 200k hehehe. In Stanley and Supermax we trust. Better buy in before ticket price go higher.

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.

Immediate Announcement on Shares Buy Back
21/3/22 - 302,800
16/3/22 - 3,800,000
15/3/22 - 2,377,800
14/3/22 - 2,822,200
08/3/22 - 5,000,000
07/3/22 - 7,700,000
04/3/22 - 8,000,000
03/3/22 - 1,700,000
02/3/22 - 2,800,000
28/2/22 - 4,800,000

Net outstanding treasury shares 55,061,009

Supermax USA glove factory will be something like this or better
https://www.usagloves.com/factory/updates

See chart lah. Glove already bottom and palm oil is all time high. Want to make money is buy low sell high not buy high sell low.

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.

https://www.maxter-glove.com/

Supermax USA glove website, nice video enjoy.

No boss wants to sink own ship. Stanley wants to be richer not poorer. Supermax USA glove factory will be his cash cow hehehe. Believe in Stanley.

usagloves accepting orders for their upcoming gloves plant. The glove asp is very good.

Price Chart
1case - USD115.99 per 1,000 gloves
2000case - USD89.99 per 1,000 gloves

https://www.usagloves.com/product/examination-grade-nitrile-gloves

Hope Supermax give timeline updates on their USA glove factory like usagloves, very well done with the pictures and explanations.
https://www.usagloves.com/factory/updates

Immediate Announcement on Shares Buy Back
16/3/22 - 3,800,000
15/3/22 - 2,377,800
14/3/22 - 2,822,200
08/3/22 - 5,000,000
07/3/22 - 7,700,000
04/3/22 - 8,000,000
03/3/22 - 1,700,000
02/3/22 - 2,800,000
28/2/22 - 4,800,000

SBB 10%, 1% so far still got 9% to go. Please sell those cheap tickets so all shareholders can enjoy as share dividend later.

Just buy la, scare what. I am still holding at 11.

Immediate Announcement on Shares Buy Back
15/3/22 - 2,377,800
14/3/22 - 2,822,200
08/3/22 - 5,000,000
07/3/22 - 7,700,000
04/3/22 - 8,000,000
03/3/22 - 1,700,000
02/3/22 - 2,800,000
28/2/22 - 4,800,000

Immediate Announcement on Shares Buy Back
14/3/22 - 2,822,200
08/3/22 - 5,000,000
07/3/22 - 7,700,000
04/3/22 - 8,000,000
03/3/22 - 1,700,000
02/3/22 - 2,800,000
28/2/22 - 4,800,000

Immediate Announcement on Shares Buy Back
08/3/22 - 5,000,000
07/3/22 - 7,700,000
04/3/22 - 8,000,000
03/3/22 - 1,700,000
02/3/22 - 2,800,000
28/2/22 - 4,800,000

Immediate Announcement on Shares Buy Back

07/3/22 - 7,700,000
04/3/22 - 8,000,000
03/3/22 - 1,700,000
02/3/22 - 2,800,000
28/2/22 - 4,800,000

Immediate Announcement on Shares Buy Back

04/3/22 - 8,000,000
03/3/22 - 1,700,000
02/3/22 - 2,800,000
28/2/22 - 4,800,000

No give dividend but use the money to sbb is a brilliant strategy by stanley. Lucky supermax got billions in cash.

Stanley is smart to use spmax cash to sbb instead of paying shareholders dividend. Good strategic decision knowing the price is undervalue.

Lucky Supermax cash rich, everyday buy back 4.8mil will be good. Lets see sharks got how much shares to throw.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3238467

Share buy back 4.8mil shares today. Stanley starts to make his move liao...

I bought at 11, hope can get back my money before i die if not i will look for stanley in hell

Just ask Stanley sell all his shares to PNB or Khazanah, He get billions and a good retirement life. bumi get their 30%. Win win. Maybe then can push price sky high.

As dead as sgwang, 3damansara, mines. Who buy who go holland...

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.

lets hope bumiputera buy more to make it 30% equity and stanley can build his operation hq.

Good, let bumi sapu 30% cheap tickets so supermax can build their operation hq.

I am sure Stanley wants to be a multi billionaire not millionaire.

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 enter at 11 still very happy everyday

If Supermax is worthless than why gov want Maxter (subsidiary of Supermax) to sell 30% equity to bumi? On the contrary bumi cronies want to swallow this company because it is very very valuabe.

Now is time to dump not buy, u buy at 0.80. That's how u make money in this zero sum game.

No matter how terrible also will have hundred millions of profit, better than 90% of bursa counters. The next deadlier covid strain will be born or maybe born already. Glove business huat huat huat.

Rubbish company with rubbish management, all gaji buta. Buy if u want your money trapped forever.

IB words also can trust kah hahaha, u have higher chance to get burnt by those self serving IB.

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

When IB ask u to buy, its time to sell. Bursa is a zero sum game.

Sharks pump u sell, sharks dump u buy. Repeat until sharks move to other counter.

No need worry about the share price, i am more worry about the inevitable arrival of the super omicron that is deadlier and more transmissible. Is not a matter of if but a matter of when...

Fully agreed to open the borders, more people movement means better chances to spread and better chances for covid to mutate to the next monster variant.

Malaysia currently Omicron BA.1 wave, few more months BA.2 wave, then BA.3 wave then BA.4 wave...

WHO says new omicron BA.2 subvariant will rise globally, but scientists don’t know if it can reinfect people

WHO official Maria Van Kerkhove said the omicron subvariant BA.2 is more transmissible than BA.1, currently the dominant version of omicron worldwide, and will likely become more common.

https://www.cnbc.com/2022/02/08/who-says-omicron-bapoint2-subvariant-will-rise-globally.html

Cash can distribute as dividend, make acquisition, expand operation, diversify to other sector, etc. Most importantly company no need do pp to dilute the shares if need to raise cash.

So what, at least net cash company unlike 90% of bursa counters net debt borrow here borrow there to tutup lubang