KUALA LUMPUR: Bursa Malaysia followed most key Asian markets to close in the red on Tuesday, trekking the overnight tech sell-off on the Wall Street, while declining counters totalled nearly 1,000 as the Movement Control order 3.0 takes effect on Wednesday across the nation.

At 5pm, the FBM KLCI was down 6.28 points or 0.4% to 1,577.64. Turnover was 5.51 billion shares valued at RM2.90bil. Decliners hammered advancers nearly five to one or 980 losers to 199 gainers and 360 counters unchanged.

Despite the firmer GDP data for 1Q, the mood of investors remained cautious due to the MCO 3.0.

https://www.klsescreener.com/v2/news/view/827237/bursa-closes-broadly-lower-as-980-stocks-in-the-red

PjSeow, Thanks for excellent reasoning. While shorties stucked at bursa will have to pay RM2.6 + high interests + treasury shares to the lenders.

Most of the countries covid19 testing is not enough. The cases low reflect the less testing.
To determine this whether the covid testing is sufficient, takes no of death divide by no of new cases. There are cases more death but new cases is low. This mean they are testing not enough and new cases are not detected and contributed to high death.
10/5
WORLD 1.6% death 9734
USA. 1.28% death 326 opening soon n no need wear mask
India 1.17% death 3879 lockdown
Brazil 3.2% death 811 ease already
France 8.8% death 292 ease already
Turkey 2.0% death 282 lockdown
Russia 3.8% death 321 lockdown
Malaysia 0.4% death 17 0.4% already MCO
UK 0.16% death 4 opening soon.

Just 2 ct study.

Post removed.Why?

Dr Mahathir delivers special message as Covid-19 cases surge ahead of Hari Raya

https://www.msn.com/en-my/news/national/dr-mahathir-delivers-special-message-as-covid-19-cases-surge-ahead-of-hari-raya/vi-BB1gyr0H?ocid=msedgntp

Ya correct. Share price in bursa artificial manipulated by crook. Every one in the forum knows about it.

On June 25, 2014, Citadel Securities was fined a total of $800,000 by its various regulators for serious trading misconduct. Citadel paid the fines in the typical manner, without admitting or denying the charges. The New York Stock Exchange alleged that the following had occurred:

“The firm sent multiple, periodic bursts of order messages, at 10,000 orders per second, to the exchanges. This excessive messaging activity, which involved hundreds of thousands of orders for more than 19 million shares, occurred two to three times per day.

In addition, according to the York Stock Exchange, Citadel “erroneously sold short, on a proprietary basis, 2.75 million shares of an entity causing the share price of the entity to fall by 77 percent during an eleven-minute period.” In another instance, according to the New York Stock Exchange, Citadel’s trading resulted in “an immediate increase in the price of the security of 132 percent.”

On January 9, 2014, the New York Stock Exchange charged Citadel Securities LLC with engaging in wash sales 502,243 times using its computer algorithms. A wash sale is where the buyer and the seller are the same entity and no change in beneficial ownership occurs. (Wash sales are illegal because they can manipulate stock prices up or down.) Citadel Securities paid a $115,000 fine for these 502,243 violations and walked away. That’s less than 23 cents per violation.

“…two algorithms used by Citadel Securities did not internalize retail orders at the best price observed nor sought to obtain the best price in the marketplace. These algorithms were triggered when they identified differences in the best prices on market feeds, comparing the SIP feeds to the direct feeds from exchanges. One strategy, known as FastFill, immediately internalized an order at a price that was not the best price for the order that Citadel Securities observed. The other strategy, known as SmartProvide, routed an order to the market that was not priced to obtain immediately the best price that Citadel Securities observed.”

On November 13, 2020, FINRA fined Citadel Securities $180,000 for failing to mark 6.5 million equity trades as short sales. Citadel did not admit or deny the allegations but paid the fine. The activity occurred between September 14, 2015 and July 21, 2016, according to FINRA.

Citadel’s hedge fund filings with the SEC also indicate that some of the largest banks on Wall Street, such as JPMorgan Chase, Goldman Sachs, and Citigroup, are its prime brokers – meaning that it is highly likely that they and other globally systemic banks are providing margin loans that have helped Citadel Advisors Citadel’s hedge fund
Congresswoman Maxine Waters, Chair of the House Financial Services Committee, has promised to hold two more hearings on the structure of Wall Street trading: one hearing with experts from various disciplines and one hearing with federal regulators.

Before those hearings occur, it will be critically important for members of this Committee to have a far better understanding of precisely how hedge funds, high frequency traders, Dark Pools, and federally-insured banks backed by taxpayers are interacting with the highly fragmented and non-transparent U.S. trading markets.



This had happened in Bursa from March to Aug 2020 before where simultaneously all the gloves share price are brought down by using computer algorithms.
Citadel hedge fund is fully supported by power broker JP Morgan.

JP Morgan shorties sued by 1mdb.

https://www.klsescreener.com/v2/news/view/826481/1mdb-files-multibillion-suits-against-deutsche-bank-coutts-jp-morgan-wong-partners-and-others

Spain crowds are not wearing gloves at the beach. For past weeks Spain had not update covid19 cases and death.

"I am a bit worried, although the most vulnerable people are already vaccinated, I think we should still be careful of the cases increasing again," Natalia Pardo Lorente, a biomedical researcher at the Centre for Genomic Regulation in Barcelona, told CNN Sunday.

https://edition.cnn.com/2021/05/09/europe/spain-covid-curfew-party-intl-scli/index.html

8.0 PERIOD OF SHORT SELLING
8.1 A short selling transaction should not exceed 12 months from the trade date,
T0. The period of short selling as per Appendix I, refers to the period
between T0 and Tx.


According the bursa guidelines, the net short position must be close before 12months. TG shorts already in 5 months and shorties cant reach target. Pandemic still on the rise. TG making billion next 4 quarters. Short squeeze coming soon.

Supermax has advantage of 4 b cash in hand. They had already business in gloves, contact lens and beyond mask.

With cash in hand they can easily expand their business
1. Gloves expand factory capacity from 26b to 42 b in 2022
2.Contact lens -70m -1b once enter china market. Expect announcement of 4 lines to xx lines in coming quarters. Relocate the bigger factory in coming quarters.
3 Started Beyond mask-8m per month. 1b business per annum. Expanded production into Canada. 2020.
5. Going to setup factory in US. CITR approved. Supermax had already land 2.34 hectare in US bought in 2015. Boss Stanley already in US in preparation of setup.

What to worry about ASP? The next 4 qtr still going to make 1 billion. Future business is more important in any company.

Supermax gloves demand so good, all models out of stock in wholesalepoint.

https://www.wholesalepoint.com/list/exam-gloves.aspx?brands=aurelia

Shorties are desperate and intimidating as the pandemics on the rise. Already mire 5 months, still cant reach the target price. According to bursa securities, the short position must be cleared within 1 year. Retailers just hold the shares next 2 quarters (1b profit safe), enjoy the high dividend and company is going reward the shareholders with treasury shares. While shorties gang will suffer the high interest, high dividend and need to reward the IB lenders with own treasury shares. While the time is ripe, bursa will force them to close position.

https://www.klsescreener.com/v2/news/view/826107/%E6%89%8B%E5%A5%97%E9%9C%80%E6%B1%82%E6%96%99%E7%BB%AD%E7%BA%A2%E7%81%AB-%E9%80%9F%E6%9F%8F%E7%8E%9B%E4%B8%A4%E5%AD%A3%E7%9B%88%E5%88%A9%E8%B6%8B%E5%8D%87

US have 6.67m active cases. To clear to 0 it will at least 4.5years based 4000 recoveries per day and 0 new cases. But the new cases keep maintain at 50k, the clear 0 it will takes more 4.5years. ASP will maintain at least 4 years based on active cases.

Ah! Shorties will reward the lender with own treasury shares.

US buy own product first. Cost no issues for US govt, they print money.

KUALA LUMPUR, May 7 — Supermax Corporation Bhd’s dual listing on the Singapore Exchange (SGX) has been put on hold amid current circumstances.

MIDF Research said in a recent post results briefing, Supermax indicated that the idea of using its treasury shares for secondary listing was not feasible at the moment.

“We think that the company could instead use the treasury shares to be paid out as dividend to shareholders.


https://www.malaymail.com/news/money/2021/05/07/supermax-puts-sgx-listing-on-hold/1972355

Supermax will rewards the shareholders with free treasury shares instead. Thumb up for Supermax.

President Biden’s spending plan calls for an almost 25 percent increase in discretionary funding — to $131.7 billion — for the Health and Human Services Department, the hub of the federal government’s pandemic response.

That increase includes a $1.6 billion increase for the Centers for Disease Control and Prevention, an agency public health experts have viewed as chronically underfunded and neglected until public health emergencies. Data collection would be modernized, and epidemiologists would be trained to support local health departments.

Almost a billion dollars would go to the Strategic National Stockpile, the country’s emergency medical reserve, for supplies and efforts to restructure it that began last year.
https://www.nytimes.com/2021/04/09/us/hhs-cdc-spending.html

This is right time for Supermax to venture in US gloves factory. 131.7b is allocated to Health and Human service dept. 1.6b is allocated for strategic national stockpiles to stockpiles PPE use to fight the future pandemics.

Supermax is the first glove company from Malaysia to expand their gloves factory in US . The capex expenditure is expected to 550m. In the preparation of setting a factory, the state govt of US there had already approved tax relief CITR. The future demand of gloves is great as more industries are using gloves due to awareness of hygienic and prevention spread of virus. If the business venture in US is successful one and very profitable, I believe the management will eye Supermax listing in NYSE in three years time. In order for Supermax to listing in US, see below:
The first is aggregate pre-tax income of $10 million for the previous three years, with at least $2 million in each of the two most recent years. An alternate is $200 million in global market capitalization. In each case, the company still has to meet the shareholding threshold.
Just 2 cents.

https://www.globalsources.com/Nitrile-medical/Intco-nitrile-medical-gloves-powder-free-1181148728p.htm#1181148728

"A picture is worth more than thousand words" of Intco gloves quality.

Supermax gloves are high quality and even the packaging is better than Intco.

https://www.globalsources.com/Nitrile-medical/Intco-nitrile-medical-gl...

FEMA will work quickly and make every attempt to review and make determinations to minimize disruptions to the supply chain. If a shipment is detained for review under the TFR, FEMA and CBP will work to provide a response to the owner of the shipment within 72 hours.

If FEMA determines that it is in the national defense interest for a shipment to remain in the U.S to support the COVID-19 pandemic response, the agency may take one of the following three options:

Purchase part or all of the shipment, using a rated order under Title 1 of the Defense Production Act.
Return part or all of the shipment for domestic distribution.
Allow part, or all, of the shipment to be exported.


The recent Top gloves shipment was detained by CBP. The goods will be purchased, return or allow shipment.
https://www.fema.gov/fact-sheet/allocation-rule-personal-protective-equipment-exports

KUALA LUMPUR, Dec 23 — The government has no plans to impose a windfall profit levy on rubber glove manufacturers that are enjoying supernormal profits from the higher demand and selling price of rubber gloves worldwide nor to other businesses that have profited greatly due to the Covid-19 pandemic, according to the Ministry of Finance (MoF).


Govt no to Windfall tax. Why not revive GST again and added income for the country?
https://www.malaymail.com/news/malaysia/2020/12/23/putrajaya-has-no-plans-to-hit-glove-makers-with-windfall-tax-dewan-negara-t/1934446

FEMA will work quickly and make every attempt to review and make determinations to minimize disruptions to the supply chain. If a shipment is detained for review under the TFR, FEMA and CBP will work to provide a response to the owner of the shipment within 72 hours.

If FEMA determines that it is in the national defense interest for a shipment to remain in the U.S to support the COVID-19 pandemic response, the agency may take one of the following three options:

Purchase part or all of the shipment, using a rated order under Title 1 of the Defense Production Act.
Return part or all of the shipment for domestic distribution.
Allow part, or all, of the shipment to be exported.


https://www.fema.gov/fact-sheet/allocation-rule-personal-protective-equipment-exports

n/cases death
1USA +43,460 +814
42Malaysia +3,551 +19

US vaccination doses 75/100 whereas Malaysia is only 5.3/100. The US infection rate is 12 times higher than Malaysia even after 75% of their population had already vaccinated. If u compare the population of both countries US has the population 332m and Malaysia have 32m, approximately 10 times ours population. Even if u divide the US population by 10, the new cases still higher than Malaysia.

KUALA LUMPUR: Inari Amertron Bhd has proposed to issue up to 333 million new shares to investors, as the electronics manufacturing firm seeks fresh funds for working capital, as well as for potential acquisitions and investments.

Supermax advantage has already cash. There is dilution of shares if placed private like Amertron which need cash badly to expand business.


https://www.klsescreener.com/v2/news/view/825539/inari-amertron-plans-rm1bil-private-placement

https://klse.i3investor.com/blogs/sts/2021-05-05-story-h1564292574-SUPERMAX_EARNINGS_RIGHT_ON_TARGET.jsp

Supermax QR still good maintaining 1b Pat despite slight dipped in ASP.
The balance inventories are cf to next quarter despite the goods already for shipment. Incase of dip in order in next Q, they still can maintain a good 1b pat. Announcing the ASP drops may discourage newbies companies from entering the market.

Carton box label M. It is TG logo.
https://www.cbp.gov/newsroom/local-media-release/cbp-cleveland-seizes-top-glove-products-under-forced-labor-finding

Harta Inventories 646,738m gloves bc of container issue will carry forward to next QR. Expected big increase in revenue and profit in next qr.

https://cdn1.i3investor.com/my/files/st88k/5168_HARTA/qr/2021-03-31/5168_HARTA_QR_2021-03-31_HHB_announcement_4QFY2021result_20210504_1543040540.pdf

A fully vaccinated nurse from TTSH got infected and became the super spreader.
https://www.todayonline.com/singapore/covid-19-long-queues-waits-5-hours-public-testing-starts-possible-exposures-ttsh-cases

Shorties JPM slowly covering 8.48m shares of TG and 7.3m shares of Kossan for past 3 days (26/4-28/4).

MACD hourly chart is crossed the zero line. The engine just starts.

Supermax beyondfit mask business is worth 1 billion pa.

Canada face masks manufacturing.
- Supermax’s face mask manufacturing in Canada started operation in September 2020.
- Production targeted at 8m pcs/ month with installed capacity of up to 120m pcs p.a.
- Management also advised that they recently obtained a contract for the supply of 200m pcs of face
mask

Sources:BIMB securities.

https://www.linkedin.com/pulse/aurelia-launches-revolutionary-n95-reusable-face-mask-gabriel-coulet

From 2020 to 2023, world production will only add about 224 billion gloves to the market or an increase of 72%. At 20% annual growth in world production, supply will still not be able to meet demand up to 2023 and possibly beyond, with or without restocking Shortages will be greatest in 2021. Without restocking, there will be a shortage of 74 billion gloves and with restocking, it will be 141 billion gloves in that year. At the assumed restocking levels, world production output needs to grow by 66% 2021, 48% in 2022 and 49% in 2023 Even without restocking, world production output will have to grow by 44% in 2021, 38% in 2022, and 32% in 2023

29/4 N/cases Death
World +877,235 +14,631
1USA +58,873 +849
2India +386,888 +3,501
3Brazil +69,079 +3,074

World covid19 recorded 877k 29/4 and India hit another record 386k new cases.

The world is nearing the light at the end of the pandemic tunnel thanks to the effectiveness of mobility restriction, social distancing, usage of masks and the start of massive vaccination campaigns. However, there is a black hole on the planet, and its name is Brazil.

https://www.brazzil.com/unable-to-control-covid-brazil-has-become-a-global-threat/

The US – Exports of Rubber and E&E Products Remained Strong
Trade with the US in March 2021 rose by 41.8% y-o-y to RM18.26 billion, accounting for 9.8% of Malaysia’s total trade. Exports continued to expand with a double-digit growth of 67.5% to RM12.31 billion. Higher shipments were recorded mainly for MALAYSIA EXTERNAL TRADE STATISTICS MARCH 2021 5 rubber products and E&E products. Imports from the US increased by 7.6% to RM5.94 billion.

Compared to February 2021, trade, exports and imports were higher by 21.3%, 23.3% and 17.4%, respectively.

During the first three months of 2021, trade with the US rose by 17.1% to RM49.24 billion compared to the same period of 2020. Exports increased by 35.9% to RM32.62 billion driven by higher exports of rubber products and E&E products. Imports from the US was lower by 8% to RM16.62 billion.

The EU – Trade, Exports and Imports Recorded Double-Digit Growth
Total trade with the EU which constituted 8.7% of Malaysia’s total trade in March 2021 rose by 38.9% y-o-y to RM16.21 billion. Exports surged by 45.9% to RM9.85 billion, underpinned by higher exports of rubber products, E&E products as well as transport equipment. This was the fourth consecutive months of double-digit expansion to the
EU. Imports from the EU grew by 29.2% to RM6.36 billion.

All top 10 EU markets which accounted for 91.3% of Malaysia’s total exports to the EU recorded increases namely, the Netherlands (↑26.3%), Germany (↑55.8%), Italy (↑54.1%), Belgium (↑69%), France (↑52.5%), Spain (↑44.7%), Poland (↑160.9%), the Czech Republic (↑61%), Slovenia (↑111.5%) and Sweden (↑96.5%).
Compared to February 2021, trade, exports and imports grew by 27.1%, 27.3

World +885,563 +15,284
29/4 N/cases death
1USA +56,604 +954
2India +379,45 +3,647
3Brazil +77,266 +3,019

World recorded 885k new cases in Covid19. India hit record 379k yesterday.

https://www.aljazeera.com/news/2021/4/28/india-virus-death-toll-tops-200000-essential-supplies-run-out

Details leaked from an Israeli Health Ministry report have raised concerns among experts about a possible link between the Pfizer-BioNTech COVID-19 vaccine and myocarditis, according to The Times of Israel and other news outlets.

The preliminary report by a committee tasked with monitoring vaccine side effects found 62 cases of myocarditis, including two deaths, in people who received the Pfizer vaccine. Fifty-six of the cases occurred after the second dose of the vaccine, and 55 cases occurred in men — most between the ages of 18 and 30.

https://childrenshealthdefense.org/defender/pfizer-vaccine-heart-inflammation-people-under-30-leaked-study/

World +830,822 +14,821
27/4
1 USA +52,046 +885
2 India +362,902 +3,285
3 Brazil +76,085 +3,120

Yesterday another record of new cases 830k. Death record 14.8k. Always wear mask and ensure safe distancing n avoid crowd.

(CNN)India, home to the world's worst ongoing coronavirus outbreak, has reported more than 17.6 million cases since the pandemic began last year.

But the real number, experts fear, could be up to 30 times higher -- meaning more than half a billion cases.


https://edition.cnn.com/2021/04/27/india/india-covid-underreporting-intl-hnk-dst/index.html

Worldwide, deaths are on the rise again, running at around 12,000 per day on average, and new cases are climbing too, eclipsing 700,000 a day.

"This is not the situation we want to be in 16 months into a pandemic, where we have proven control measures," said Maria Van Kerkhove, one of the World Health Organization's leaders on COVID-19.

https://medicalxpress.com/news/2021-04-global-covid-death-toll-tops.html

Glove maker Supermax Corp Bhd is set to “grow strongly” next year as it expands distribution of its own brand manufacturing (OBM) products in India, China and Japan, said executive chairman and group managing director Datuk Seri Stanley Thai.
Japan, the world’s third largest economy, would be a key market for Supermax, Thai said.

Supermax has a sizeable distribution centre in Chicago and it is the largest and most popular glove brand in Brazil, where its market share stands at 35% to 40%, according to Thai.

The group plans to set up its European headquarters in London next year to oversee all its marketing and distribution activities in the UK and Ireland, as well as manage its European investments.

https://rubberjournalasia.com/malaysian-glove-maker-to-expand-distribution-of-obm-products/

Supermax to achieve PAT 1.5b.
Full capacity 26b
90% capacity 23.4b
Qtr output/1000 (per carton)-23.4m
ASP 85-90 (Nitrile 70% +30% latex rubber)
Tax 23%

PAT 1.57b.

Singapore discovered dorm workers re-infected with covid19. Hundreds of them are quarantines.

Warning: 123m peoples recovered from covid19 in the world may re-infected again if they didn't wear mask and safe distance.


https://www.thestar.com.my/aseanplus/aseanplus-news/2021/04/22/singapore-quarantines-hundreds-after-dorm-workers-infected

21/4 World +874,266 +13,935
1USA +64,187 +839
2India +315,802 +2,102
3Brazil +71,910 +3,157

21/4 hit record of covid19 new cases 874k. Wear mask and safe distance to avoid being infected.

The new possible side effect is capillary leak syndrome, which involves the leakage of blood from the capillaries and into the surrounding tissues. The condition was detected in five persons who were inoculated.

https://news.cgtn.com/news/2021-04-17/EMA-probes-second-side-effect-of-AstraZeneca-vaccine-media-ZwIpIdDTEs/index.html

20/4 World 143,536,206 +824,975 +13,905
20/4 T/cases N/cases Death
1USA 32,536,470 +60,317 +883
2India 15,609,004 +294,290 +2,020
3Brazil 14,050,885 +73,172 +3,481

New cases of covid19 yesterday was 824k. Always wear mask and keep a safe distance.

ASP for nitrile gloves no more 44-50 USD/1000 (June2020 price). A box 100pcs of nitrile gloves already USD 22-30/100 pcs. A carton 1000 pcs is easily over 150 USD/1000 PCS.


https://www.glovesaver.com/nitrile-gloves.html#:~:text=Wholesale%20Price%20%24124.50.%20%28SOLD-OUT%29%20Nitrile%20Gloves%3A%20Microflex%20Neo,enhanced%20grip%20and%20tactile%20sensitivity%20are%20a%20must.

Kossan PAT 1b dividend 12ct. Supermax should exceed 1.3b.