there must be a reason why china covid infection cases are low? i think malaysia and china already have an agreement

https://www.theedgemarkets.com/article/malaysia-have-priority-recipient-status-chinas-covid19-vaccine-under-development-says

surely there will be an allocation in budget 2021. kanger rebound is coincidence?

Winfall tax IF include have to wait 6 nov 2020 during malaysian budget tabling, but due to politics uncertainty, it maybe not being approve or need longer time to be approve.

Even IF windfall tax approve, at what stage it will be implement.
1. If on manufacturing, harta will be effect the most due to more production and all its product manufacture in Malaysia. (Tax for each glove)
2. If on trading, supermax will be the most effect but supermax do most of their trading overseas through their oversea distributor so they can set bigger profit margin or operation cost for their oversea subsidiary then put it on their oversea expension.
3. If on earning, supermax did not only sell glove but other ppe and contact lens too.. so cannot lump sum all supermax earning are from glove. Again the most effects is harta.

Anyway price of glove sell by each manufacture are not the same, depend on how they negotiate. Is it fair to punish the better negotiator?
So how to calculate the windfall tax to make it fair to every company.

Then we have new entrant, even before their investment bear fruit, their profit already will be tax. This will discourage investment in glove and halt growth of glove industry in malaysia.

Rilek brother, already told you all to wait until after US election and malaysian budget. Plus winfall tax sentimen is strong but the after effect is overrated.

Investor this is the time to accumulate, wait and pick your best entry price. This is not buy call. Everybody has their own trading plan and analyses.

Share always up and down. I'm still waiting to topup at 8.50, 4 more days to look for this opportunity.

Want to fry and gamble your money, can go to logistic counter, PN17 or maybe notion (got approve by FDA for examination glove)

Good luck everybody.

Reference is made to the Company’s announcement on 17 July 2020 in relation to the Collaboration Agreement entered into between PDZ and Sanichi to jointly develop and operate a regional e-Commerce logistics hub on the land located in Desaru, Johor.

The Board of Directors of PDZ wishes to announce that the Company had on 30 October 2020 entered into a Joint Venture Agreement with Sanichi to formalise and set out the terms and conditions of their joint venture and of regulating their relationship with each other via their respective investment participation in the joint venture through a joint venture company to be incorporated.

9.47 just below warrant exercise price 9.49 (30/10/2020).... then the nearest warrant 20/11 with exercise price 10.57...

it is not hoping for people to die lor, they are just stating facts and data which show opportunity for business and profit. even if vaccine already found, glove market already expand and the use of glove and mask will become norm. It will become SOP in medical, aviation, hotel and a lot more. glove will have up and down but glove market and value will not be shrinking.

Top Glove worker's hand chopped off in factory mishap

A worker lost his hand in a workplace accident at Top Glove's Ipoh factory.

The migrant worker's hand was chopped off at the wrist on Thursday, the Penang division of the Malaysian Trades Union Congress (MTUC) said.

This 1/45 share dividend show that supermax want to focus on big and long term investor. (Price will be more stable)
This dividend cannot pull in small retailers cause if only have below than 45 lot, you will stuck with odd lot which cannot be sell (actually hard to sell).
This type of share can only be appriciate if you are long term investor (more share = more dividend).
So i think this share dividend announcement will not cause supermax share price to spike.
Even if there is price spike, trader have to be carefull before the ex date, cause small retailers will sell their share to prevent odd lot.

I cannot predict whether it can pull institutional investor but if supermax follow up with cash dividend on the next quarter and every quarter. I think it can be attractive to institutional and long term investor plus the capital appreciation.

I think we have to accept the supermax share price will keep being press around this two week (due to US presidential election and malaysia 2021 budget tabling)

Gold price is falling
Nasdaq and down jones futures is falling
No US Stimulus
Potential lockdown in US states and Europe

Not only Supermax share is falling but a lot other share keep falling below support level.
Should keep you money for now, for long term investor and want to look for value try to wait and look for good entry point.

BE PATIENT AND CALM SUPERMAX INVESTORS... REVENUE, PROFIT AND SUPERMAX PLAN SHOW THAT SUPERMAX HAS A BRIGHT FUTURE.

For traders good luck.

Should pray for biden to win cause democrat will approve big stimulus including for covid-19 contact tracing and treatment (more gloves will be use) ;p

In order to built plant at US and UK, supermax do dual-listing at SG estimating raising more than US$1 billion from the listing exercise. Beside supermax has net cash position with cash and bank balances amounting to RM2.36 billion, already can cover the cost for US plant.

Good company always be creative to expand their business and increase their profit. U should worry with company that is comfortable with their consistent profit, stagnant company.

i think the only good point missing from supermax is an announcement about paying good and consistent quarterly dividend. In order to hold investor and investment fund, a good and consistent dividends are a must (Look at Hartalega, even with PE 60 their investors still holding their share while supermax with super profit, expansion plan, dual listing, diversified business and good future planning cannot attract big investor and investment fund).

Only drop 2%, should drop to 8.70.. i want to collect.. anybody cut loss please.

If sell on news tomorrow, i will wait to topup at 8.70. previously wait at 8.50 but didnt match. (This can happen due to malaysia have more traders than investor). Be optimistic all supermax investor:

1. Dual listing SG - supermax will be more expose to foreign investor. Share price will be more stable like topglove, no more price waterfall. They will value a super profit company like supermax.

2. ASP for next quarter will keep increasing (bos already gave assurance that this quarter ASP is not the highest) mean PAT of more than 1B next quarter are possible. Due to increase capacity and ASP, supermax revenue will increase 30% to 50% every quarter.

3. Malaysia expension already underway. It mean even if ASP stagnant after 2021 or 2022, supermax income will keep increase due to increasing capacity.

4. Supermax will build glove factory in US and UK. This will make supermax more visible to foreign investor and foreign goverment. Supermax can capitalize on tax incentive in US and UK. Opportunity to expand revenue. US And UK consumer / distributer/ goverment will prioritize locally produce glove.

5. Supermax as healthcare distributer not only distribute glove but mask, sanitizer, gown, contact lense and protective shield. If kanger or bintai can be vaccine distributer in Malaysia. Maybe supermax with 100+ country visibility, can be distributor for some small country.

Supermax has limitless potential.

If malaysia gov put winfall tax, supermax will have no problem to expand to overseas

Revenue will rapidly increase:

b) ASPs Continue to Increase
The Average Selling Prices (ASPs) are continuing to trend upwards and the highest ASPs
have not been reflected in this current quarter. We are optimistic that our OBM cum
Distribution Business Model will exhibit even healthier & stellar performances in the
coming quarters.

c) Glove Capacity Expansion in Malaysia
Supermax is currently building 5 glove manufacturing plants concurrently and scheduled
for completion progressively between now and year 2022. The new plants will add 22.25
billion new capacity bringing the Group’s total capacity to 48.42 billion gloves by end-
2022. The Supermax Group would invest total capital expenditure of RM1.39 billion for
the new plants.

d) Building Glove Manufacturing Plants Closer to Customers in the USA and UK
The vulnerability of disruption of PPE Supply Chains or over dependence on imports is the
primary concern of governments around the world. To address this major concern in
countries where Supermax operates, in addition to the capital expenditure that the Group is
putting into Glove Manufacturing in Malaysia, we are reinvesting the earnings derived
from our Distribution Centres into the respective countries where Supermax operates:
i) Allocation of US$300 million in Glove Manufacturing in USA for Phase #1 &
US$250 million for Phase #2.
ii) Allocation of GBP£50 million in Glove Manufacturing in UK.

Why reverse gear?? Thought shooting to the superstar

Superoket

Wow u shape, profit who buy at 8.70 earlier

Average supermax share buy back at the end of september 8.50. let see will these political turbulence drag supermax price lower than 8.50. As long did not use loan money to invest... Investor keep calm!!! ;)

If drop around 8.50, i will top up some more .... Situation is getting worse. Any other company can generate gain and stable income such as glove company? Even tech companies are uncertain, like MI .. their income drop.

Dont fry politics here, politic effect only short term. Sentiment only... Good fundamental company share price will fast back to normal price.
Even if they face vote of no confident, people with power will not easily give up their position, PRN Sabah history will happen again. Election during covid-19 will only pile misery to country and rakyat.
During this time everybody should be together focusing on our health and economy.

December this counter will play.
the result for LLS4 (RM4 Billion allocation) succesfull bidder will come out around december 2020.
If Biden win, he give more attention to Renewable Energy than Trump which mean there will be a lot of budget allocation, incentive, tax incentive and investor support for RE. Surely it will impact Malaysia too.
If cypark dare to venture around ASEAN there will be a lot of opportunity in indonesia, vietnam, and philippines.

Iconic already has a good expertise to diversified into glove production. Experience working at Hartalega and Ansell.

Below form circular to shareholder of Iconic:-

Further, the Group has appointed Ashok Kumar in September 2020 as the Plant Manager for
the PPE Business. He will also be responsible for the operations of the upcoming 12 double
former gloves dipping lines.
The brief profiles of Ashok Kumar as follows:

(i) Ashok Kumar

Ashok Kumar, a Malaysian aged 58, is mainly responsible for the setting-up and overall management of the New Facility as well as operations of the upcoming 12 double former gloves dipping lines. He will also be leading the team in day-to-day operations of the PPE Business with his extensive 32 years of experience in the glove manufacturing industry.

Ashok Kumar graduated in 1986 from University Sains Malaysia with a Bachelor Degree in Polymer Science and Technology. Subsequently, he obtained his Masters in Business Administration from University of Portsmouth, United Kingdom in 2003. In 1988, he started his career in Safeskin Corporation Sdn Bhd, a US-based company involved in the manufacturing of exam gloves as a Production Supervisor, where he successfully set up the operations of 4 dipping lines of the plant within the targeted quality and output requirement. In 1991 to 1994, he moved to Toray Plastic Malaysia Sdn Bhd a company principally involved in manufacturing of acrylonitrile butadiene styrene (ABS) resin as a process engineer and was subsequently promoted as Shift Manager. He was mainly responsible for managing the start-up operation of the plant and subsequently in charge of shift operation of the polymerization, rubber plant and packaging to meet the production output and quality.In 1994, he joined MAPA Malaysia Sdn Bhd, a company involved in the manufacturing of industrial gloves as a Process Manager. He was mainly responsible for providing technical support for the operations of the plant and was involved in development of
new product transfer and in charge of test laboratory for category III waste water plant management.

In 2005, he moved to Thailand and joined WA Rubbermate Thailand, a company involved in manufacturing of gloves as the Plant Manager. He was mainly responsible for the overall management of the plant which included QA/QC, packing, store, maintenance and technical departments. In 2007, he left to join Hartalega Malaysia Sdn Bhd, a company principally involved in manufacturing of nitrile examination gloves as the Production Manager where he was mainly responsible for the management of plant consisting of 8 double former dipping lines to produce and pack nitrile examination gloves. In 2010, he joined Medisafe Technologies Medan in Indonesia a company involved in manufacturing of gloves as a Senior Production Manager. He was mainly responsible for the overall management of the plant operations and all related departments.

In 2011, he joined Multisafe Sdn Bhd a company involved in manufacturing of rubber gloves as Plant Manager where he was principally involved in the overall operations and manufacturing of cleanroom and industrial gloves. In 2018, he joined Nitritex Ansell Sdn Bhd a company involved in manufacturing of rubber gloves as the Engineering Manager, where he was responsible for the operation of batch dipping line and maintenance of clean room and utilities.

No new project to push this counter. if obtain cyber security project from gov, maybe can jump. Yesterday i3 PublicInvest blog highlight this counter also cannot up.

now investors are more cautious, they want to see the factory, FDA approval, order... don't think will limit up soon. maybe after confirm private placement will up a bit. need to secure oversea order and glove machine commissioning to limit up.

Profit RM 1 Billion are too optimistic,
if u kompang next quarter profit RM 1 billion and the target not met, the price will fall like waterfall.
I'm a big supporter of supermax and optimistic about supermax growth for many years, but we have to watch for short-term sentimen to. PAT 600M - 800M is good already, then continue to grow.

Haha panic only for kontra, i just add some at 9.50. If drop 8.50 .. i will collect again. Next quarter better result, PE will go down some more. Will get dividen to. Even Feb quarter will be better than Nov Q as already confirm that glove ASP for sept till nov increase 15% to 30%.

Supermax with PE 50 are high? But Pharma (PE -9), DPharma (PE 50) or Bintai (PE -17) are better?

Even as trader, Better play in an uptrend stock with actual profit, cause u know it will go up again.
Better trap in a good fundamental counter than trap in 'every quarter lost counter + beautiful dreams' later become nightmare.

Vaccine counter just like internet company during dotcom bubble, dreams without income yet. History prove that vaccine is not easily produce. Hastily approved, if have side effect the vaccine company will fall into drain.

foreign fund or IB are not important, if company is generating profit and keep improving. the price will increase... even retailer can push the price up as shown by supermax from march till august.
it's not about hope, it's about fundamental.
Malaysian investor is more educated now about investing and fundamental. the problem for small retailers are companies with good fundamental like Supermax is too expansive for them to participate even after bonus issue.

Que at 9.50 to top up, but rebound at 9.51.....

https://klse.i3investor.com/blogs/freetospeak/2020-10-20-story-h1534679237-SUPERMAX_BEYOND_GLOVES.jsp

still upbeat on supermax

Good analysis... supermax should be hold for long term.

no need news la, current progress is good already. 20%/day

too slow, must fast settle private placement then can follow mahsing.
private placement at quotation phase.

hope 2 trilion stimulus will come, i think not only gold... other share too will spike due to spending by american

hope super good news

today look like super penny day.... not supermax day to break 11.00 :(

wow.. 01.60 with buyrate 86%... really good news?

buy volume coming....

Drop opportunity to collect.... haha. This quarter collect dividen first. even drop ...market will chase next quarter profit, price will be higher cause Supermax net profit will significantly increase again. Remember ASP for glove are increasing every month.

Mahsing plan only, no income yet. no factory, no expertise no RnD.... goreng only.

Notion european company glove supply contract worth RM337 milion not worth to push this counter? this confirm income for this quarter.

up step by step...

when glove counter red yesterday, notion follow fall into red. today glove counter green, why notion cannot rise??

Mahsing, Iconic, Aspen, gets and many more want to venture into glove and their factory only will run in 2Q2021 show the prospect of glove for many more years(surely they do their research before venture into glove).... but still there is a lot of rubbish talk about glove counter. i think they are stuck in genting, airasia or bank sector, cannot invest in glove then hope for glove to fall to push their counter. wait another 2-3 years laa..

For this new entrant of glove even if they can built a glove factory where can they get the expertise and R&D to challenge the already establish glove company (supermax, topglove, harta, kossan). not in a short time.

For country in the north hemispere, this is early stage of covid-19 spike cases... their peak winter is around january + US election (Same situation as PRN Sabah = covid case will spike).

if the market already factor the 1 bilion net profit for June to August Quarter, still the expected net profit for next quarter will grow as the expectation ASP for glove will increase 30% in october, 15% in november and 10% after.

https://www.theedgemarkets.com/article/asp-nitrile-gloves-grow-30-october-and-15-november-says-top-glove

Conclusion: glove still uptrend and the rally will continue...

First Resistance = 1.34, Second Resistance = 1.55, Need profit from glove contract to fly!!!

always play2 with hk aerospace news, make tv interview like already acquire hk aerospace... even the patent is not confirm. crazy!!! may be have to wait 3-5 years to fly

aiyaa need longer time to breakout..... so sad.

the theme this week 'healthcare and glove'. this counter need stimulus to move.

what happen to the glove supply to european company contract?

Slow slow collect... waiting for this Nov QR + after US election... US will spend a lot on stimulus package meaning gold price will shoot up, hopefully more than 2200.

March till June = 88 kg gold (4 Weeks MCO, suspend mining) = 21M Revenue while average gold price 1600

July till Sept (no MCO), output more than >>> 88kg, average gold price > 1800 Revenue = ++++

hope fast settle private placement, then glove factory coming...