myinvestor

myinvestor | Joined since 2011-02-13

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2 weeks ago | Report Abuse


In fact Biden govt is spending more healthcare products after pandemic over annoucement

Much of the huge price tag for Biden's pandemic plan would help people who are financially struggling because of COVID-19, offering $1400 checks, rent and food assistance, and expanded health care and unemployment benefits. But Biden also wants Congress to allocate $400 billion of the money to bolster the pandemic response, with $160 billion of that going toward mounting "a national vaccination program," expanding diagnostic testing for COVID-19, and hiring 100,000 new community health workers—nearly tripling the 59,000 now doing the work. They would promote vaccination and trace contacts of newly infected people, but they are also intended to become a permanent fixture in the U.S. public health infrastructure.
https://www.science.org/content/article/biden-proposed-science-led-new-deal-end-pandemic-suffering

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1 month ago | Report Abuse

Decision to reintroduce US tariff 25% to china glove and mask will before 30 Sept 2022.

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1 month ago | Report Abuse

LONDON, ON, Aug. 25, 2022 /PRNewswire/ - Minco Wholesale & Supply Inc. is proud to announce a brand-new partnership with Canadian manufacturer Supermax Healthcare Canada Group, a leader in the industry specializing in the manufacture of premium healthcare, dental, industrial, and EMS products, including their renowned disposable protective product line, Aurelia®.
https://www.prnewswire.com/news-releases/minco-wholesale--supply-inc-now-offering-supermax-aurelia-healthcare-and-industrial-products-301612066.html

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1 month ago | Report Abuse

China declares first ever drought emergency amid intense heatwave
Yesterday. Power cut and many factories shutdown.

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1 month ago | Report Abuse

The Rosharon site will be Supermax’s 18th manufacturing facility worldwide, but the first to be built in the United States.
The State of the Art company, which specializes in manufacturing medical gloves, is planning on a four-phase build out with phase one already underway at CR 52 and CR 48, just off Hwy. 288.

Alvin Mayor Paul Horn said that the city will form an Industrial District to protect the entire facility from being annexed.
He added, “This will definitely impact our area. We have new housing developments being created on Hwy. 288 and CR 1462 in the near future and those new homes will really benefit them.”

Each phase of the development should produce an estimated 400 million gloves per month, according to Maxter Healthcare President Stanley Thai.

An estimated 1.6 billion gloves will be produced each month, meaning 19.2 million gloves can be produced annually.
“This domestic manufacturing capacity will aid the U. S. in its ability to respond to the current pandemic and help safeguard the U.S. in the future,” said Thai.

“In addition, through the establishment of our research and development center and collaborations with the local and regional education institutions, we will be developing innovative new products and technologies,” he added.

State of the art equipment is going to be a part of the manufacturing with “world-class” capabilities, such as automation, robotic manufacturing and Industry Revolution 4.0, according to the company.

Maxter CEO CK Tax said the facility will strengthen the U.S. Personal Protective Supply Chain by building domestic capacities. “We will be capable of catering to at least 10-15 percent of the total annual medical glove imports into the country over the next two to four years.

"Over the next four to six years, as our capacity increases, we will be able to provide 20-25 percent of the domestic demand and consumption.”

Elected officials, as well as education leaders, are excited to see this area chosen, and anticipate jobs, training and education with the company to benefit all of Brazoria County.

Alvin Community College President Dr. Robert Exley said the College is eager to partner with Maxter Healthcare.

“I am excited about the opportunities for Alvin Community College to work closely with the leadership of Maxter Healthcare, Inc. to assure that they have a skilled workforce. I remember attending a Brazoria County Commission meeting last year where their project was presented and we heard from their executive leaders and owners,” said Exley.

“ACC stands ready to continue to meet our mission of access and excellence for our community members through workforce development and education. This is a very concrete example of teamwork in action,” he added.

Brazoria County Matt Sebesta said, “We welcome Maxter Healthcare and the significant investment they are making in the county and the great job opportunities they will provide for our citizens.

Alvin ISD Superintendent Carol Nelson agreed, adding, “The long-term benefits of a project like this in our community are clear and significant. The direct and indirect jobs and educational partnerships abound. The implications of a project like this goes far beyond our local boundaries and will add to our local economy.”

Stock

1 month ago | Report Abuse

Blue sail lost 2.2 b last 2 qtr. It even worse than our big 4. China gloves companies will go bankrupt faster.

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1 month ago | Report Abuse

US monkey pox cases shot up to 10392 in two months. Multiply 10k in 2 months. What will new cases in US in x2 months.? Just guess 5m-10m of new cases. Several states in US had already declared emergency. I believe North America and Europe the usage of gloves definitely is very high in coming months due to outbreak of monkey pox. The health workers who dispense the vaccine will sure to wear gloves this time and ppl there will start to wearing gloves to prevent infection.
https://www.youtube.com/watch?v=ro9HwYwtRgQ&t=120s

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1 month ago | Report Abuse

Market Analysis and Insights: Global Protective Gloves Market
Global protective gloves market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 7.2% in the forecast period of 2021 to 2028 and expected to reach USD 22,601,206.87 thousand by 2028.

https://www.databridgemarketresearch.com/reports/global-protective-gloves-market

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1 month ago | Report Abuse

Market Analysis and Insights: Europe Protective Gloves Market
Europe Protective Gloves Market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing at a CAGR of 6.3% in the forecast period of 2021 to 2028 and expected to reach USD 3,964,761.34 thousands by 2028.

Protective gloves or safety gloves are gloves designed to protect individuals from safety hazards such as cuts, burns, chemicals, abrasions, biohazards, among others. Although, various types of safety gloves are available in the market, it is important to choose the right materials and product for the intended purpose.
https://www.databridgemarketresearch.com/reports/europe-protective-gloves-market

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1 month ago | Report Abuse

Taiwan's Centers for Disease Control and Prevention (CDC) confirms 35 human infections of the novel Langya Henipavirus in China's Shandong and Henan provinces. The CDC told Taipei Times that they would begin to establish nucleic acid testing, track close contacts of patients, and conduct genome sequencing.

Health officials in China are now monitoring the transmission of this novel zoonotic virus that has infected dozens of people, despite having no known close contact.
Langya Henipavirus in China
A study titled "A Zoonotic Henipavirus in Febrile Patients in China," published in the New England Journal of Medicine, reports a new henipavirus linked to the fever-causing illness reported in China.

The researchers of the study investigated 35 patients that have acute Langya henipavirus in Shandong and Henan provinces, of which 26 were infected with Lanya virus only and no other pathogens.

All 26 patients experienced fever, 54% reported fatigue, 50% had a cough, 50% experienced a loss of appetite, 46% also had muscle pain, 38% complained of nausea, and 35% had headaches and vomiting. More so, 54% showed a decrease in white blood cells, while 35% had low platelet count, 35 had liver failure, and 8% had kidney failure.
https://www.sciencetimes.com/articles/39279/20220809/china-detects-new-zoonotic-virus-infected-35-people-two-provinces.htm

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1 month ago | Report Abuse

KUALA LUMPUR (Aug 8): The Malaysian Rubber Glove Manufacturers Association (Margma) estimated that the Malaysian glove industry suffered losses of about RM1.8 billion from 2020 to 2022 as a result of the US Customs and Border Protection (CBP) sanctions on six glove companies.

Margma president Dr Supramaniam Shanmugam also said the CBP’s import ban for the four glove industry players, namely YTY Group, Smart Glove, Brightway Group and Supermax Corp Bhd, will be lifted “very soon”.

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2 months ago | Report Abuse

US Cbp lifting wro maybe coming end of this month or early of next month (All ILO standard in June me). Some gloves export resume in Europe already.

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2022-05-26 12:04 | Report Abuse

Tax recoverable 346,553. Overpaid 346m. One time tax cukai makmur is covered by tax recoverable.

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2022-02-24 21:27 | Report Abuse

Nitrile butadiene factory explosion and fire in Johor.
https://www.youtube.com/watch?v=tPlQTgj021w

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2022-02-22 17:55 | Report Abuse

With the Omicron variant accounting for 99.9% of all COVID-19 cases in the United States, it’s proving even deadlier than the Delta variant.

https://www.webmd.com/lung/news/20220127/deaths-due-to-omicron-higher-than-from-delta#:~:text=Jan.,deadlier%20than%20the%20Delta%20variant.

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2022-02-21 18:59 | Report Abuse

In short, Supermax has already diversified to overseas as the management was not interested in putting all the eggs in one basket. In fact, the new mega plant in America will be Supermax’s 18th manufacturing facility worldwide. Here’s the best part – the U.S. does not have any silly racist and discrimination policy, such as Malaysia’s 30% Bumiputera equity ownership.

Armed with automation, robotic engineering, manufacturing with Artificial Intelligence (AI) and Industry Revolution 4.0., Maxter will eventually be able to provide 20% to 25% of the demand and consumption in the U.S., making Malaysia even more irrelevant. And Supermax can certainly slowly shut down its local plants and relocate to Vietnam, Cambodia or even Indonesia.

https://thecoverage.my/supermax-scraps-rm73-million-investment-plan-to-buy-a-land-in-selangor/

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2022-02-18 21:20 | Report Abuse

New lab experiments from Japan show that BA.2 may have features that make it as capable of causing serious illness as older variants of Covid-19, including Delta.
https://edition.cnn.com/2022/02/17/health/ba-2-covid-severity/index.html

Stock

2022-02-11 09:34 | Report Abuse

2023 onwards will best performance from Supermax where US manufacturing plant start production. Expect revenue contribution from US plant USD 300m per qtr based 5b yearly production. This is only phase 1. Phase 2,3,4 not included. There will be no more FL risk in US.

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2022-02-08 13:31 | Report Abuse

The Supermax Group was founded 1987 as a trading business distributing latex gloves. Building its first manufacturing facility in 1989 the company now has 18 manufacturing facilities worldwide and now commands a significant market share in the highly-competitive U.S. dental market. Supermax is committed to research and development as well as product innovation. The company strives for the pursuit of quality and excellence

Supermax has 18 manufacturing plants now.

https://klse.i3investor.com/servlets/staticfile/449843.jsp

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2022-01-31 12:21 | Report Abuse

Supermx export more in Oct, Nov and Dec 2021 according importkey data. This revenue and profit look good in coming qtr.

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2022-01-30 12:02 | Report Abuse

CBP may receive allegations of forced labour from a variety of sources, including news reports and tips from either the public or trade community.6 CBP may also self-initiate an investigation into the use of forced labour in any given supply chain. Pursuant to 19 C.F.R. § 12.42(e), a WRO will be issued by CBP when it is reasonable to believe that the merchandise falls within the provision of 19 U.S.C. § 1307. In the event that a WRO is issued, importers will have 3 months to obtain release from WRO by providing a certificate of origin and a detailed statement demonstrating that the subject products were not produced using forced labour, e.g. a supply chain audit report.7 After getting sufficient information to determine if the merchandise is prohibited under the provision, the Commissioner will publish a formal finding to that effect in the Customs Bulletin and in the Federal Register.8

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2022-01-28 21:14 | Report Abuse

LKT lost 2.5b ringgit due to pledged shares. 550m genting shares plus 6b ghk shares.

https://www.bloombergquint.com/china/tycoon-behind-tumbling-cruise-firm-pledged-almost-all-his-stake

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2022-01-22 16:52 | Report Abuse

The remaining balance of these 2 contracts at FOB value is US$ 12.67 million or under 0.8% of the Group’s revenue.

This mean 94% of 222m (200m) of Canadian of government contract had already delivered.

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2022-01-18 22:17 | Report Abuse

The company does not foresee any material impact operationally," it said. Canada represents about 9% of the group's total business.

Only Canadian government contract is terminated. They still can sell in Canada. Probably the contract is going to expire soon.

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2022-01-10 15:46 | Report Abuse

ASP still at USD 60-61. IBs just pluck ASP from the air without any solid data.

https://www.youtube.com/watch?v=XTw1a96df08

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2022-01-05 11:05 | Report Abuse

World 295,471,291 +2,143,708

World first cross 2m new cases/day

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2022-01-04 20:57 | Report Abuse

The demand of gloves still very high in year 2022. New supernormal profit in coming qtrs.

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2022-01-03 19:13 | Report Abuse

Andy hall welcome supermax positive development that indeed being confirmed as a genuine improvements of many workers.
https://www.youtube.com/watch?v=4KDbJ0zYmiA

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2021-12-29 10:00 | Report Abuse

World first time cross 1.2m/day new cases.

World 283,159,503 +1,208,958
USA 54,145,470 +309,865
France 9,326,258 +179,807

Stock

2021-12-28 19:44 | Report Abuse

What ASP for supermx? Some analysts said is USD 25-35 for gloves sector.
But this is wrong, it must depend number of gloves shipped.

ASP formula
ASP= Total revenue/no of gloves shipped.

Last qtr revenue:1.46b
Capacity 26b, 70% utilization 18.2b based on 12months.
Average per month 1.52b gloves produced.
Last qtr output from July to Sept 2021= 3x 1.52b=4.56b or 4.56m per/1000 pcs.

Asp for last qtr from July to 30 sept 2021:1460m/4.56m=RM320.
Convert to USD based on 4.2 exchange rate:USD76.

SPMX last qtr ASP is about USD76.

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2021-12-24 14:30 | Report Abuse

World 278,508,088 +978,806 5,400,700 +6,898

World delta +omicron hit almost 1m/daily (978,806 ) yesterday.

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2021-12-23 15:06 | Report Abuse

Should next qtr should be good result for big 4. Export increased 91% from the previous year.

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2021-12-23 15:04 | Report Abuse

DESPITE Malaysia’s Big-Four glove makers having to grapple with normalisation of average selling prices (ASPs), rubber products remained dominant in 3Q 2021, allowing the industry to continue to thrive and contribute to the country’s economy.

Until October 2021, the overall exports of rubber and rubber products increased by 70.7% to RM63.2 bil from RM37 bil within the same period in 2020, according to the Malaysian Rubber Council (MRC).

“Large deployment of vaccination ramps up demand for medical gloves,” revealed MRC. “Latex goods sector continues to show strong performance amounting to RM51.4 bil, an increase 86.3% over the same period last year at RM27.6 bil.”

The sector maintained its pace as the leader of the rubber products exports from January to October 2021 at 92.7%. Rubber gloves remain the highest earner with export revenue of almost RM50 bil, an increase of almost 91% from the previous year

https://focusmalaysia.my/malaysias-rubber-product-exports-thrive-despite-economic-uncertainties/

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2021-12-22 09:54 | Report Abuse

Supermx net short position drop to 0.23%. The lowest seen in RSS position. Still left 7 days to clear to 0%.

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2021-12-20 23:04 | Report Abuse

Maxter Healthcare’s decision to choose Texas started with a site list that included New York, South Carolina, Georgia, Florida and Texas. The list was narrowed to Florida and Texas with the decision to locate in Brazoria County, Texas finalized this year.

Local support for the development has been strong and encouraging.

“We welcome Maxter Healthcare and the significant investment they are making in the county and the great job opportunities they will provide for our citizens.” Brazoria County Judge Matt Sebesta

Superintendent Carol Nelson, said, “The long-term benefits of a project like this in our community are clear and significant. The direct and indirect jobs and educational partnerships abound. The implications of a project like this goes far beyond our local boundaries and will add to our local economy.”

“Our community is uniquely suited for this project, said
Phyllis Saathoff, Executive Director/CEO of Port Freeport. “It is significant because the project will bring important PPE capacity home and create jobs for our citizens. Maxter will benefit not only from our Port’s strategic location and capacities, but a symbiotic relationship with other local industries for feedstock. This project makes sense especially in light of the ongoing supply chain interruptions experienced around the world.”

https://www.themarcomjournal.com/article/558572259-maxter-healthcare-selects-brazoria-county-for-first-u-s-manufacturing-complex

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2021-12-20 22:43 | Report Abuse

SPMX had chosen Texas because of offer of tax relief for 15 years. This will save million on taxes.

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2021-12-20 22:33 | Report Abuse

American always buy their own produced products first. Made in USA. Cost factor may not be a issue.

https://www.moneycrashers.com/products-made-usa-american-made/

According to a 2015 report by Consumer Reports, 80% of American shoppers say they prefer to buy goods made in the United States. More than 60% say they’d even be willing to pay 10% more for an American-made product.

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2021-12-17 16:32 | Report Abuse

Supermax Corp Bhd's US-based subsidiary Maxter Healthcare Inc is planning a major manufacturing facility in Texas to increase glove production.

In a statement, the rubber glove maker said the facility will be built in four phases, with the first one to start in the first quarter of 2022 and production to be possible from this phase by the fourth quarter of the same year.

"Each phase is expected to produce 400 million gloves per month. When all four phases are completed, the total installed capacity will be a whopping 1.6 billion gloves per month or 19.2 billion gloves per annum," Supermax said, adding that its board of directors had approved a total capital spending of US$550 million (about RM2.32 billion) for the capacity expansion.

The investment identified for the first phase will total US$350 million and comprise the group's North America manufacturing headquarters, a research and development centre, a training centre and an employee facility centre, said Supermax.

https://www.klsescreener.com/v2/news/view/925561/supermax-invests-us-350m-to-build-first-phase-of-major-manufacturing-facility-in-us

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2021-12-17 09:43 | Report Abuse

RSS net short position for SPMx at 0.49% 13.5m shares, the lowest among the big 4. Left only 10 days to clear to 0.

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2021-12-14 21:37 | Report Abuse

The Edge Billion Ringgit Club Corporate Awards 2021 list of winners

Healthcare
Highest return on equity over three years
Kossan Rubber Industries Bhd
Highest growth in profit after tax over three years
Kossan Rubber Industries Bhd
Highest returns to shareholders over three years
Supermax Corp Bhd

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2021-12-14 12:07 | Report Abuse

Supermx net short position is 0.56% 15m shares left (1m/day,15 days left) , the lowest short position of the big4. I believe the net short position will clear to 0% by end of year Dec 2021.