JOHANNESBURG, Dec 8 (Reuters) - South Africa reported nearly 20,000 new COVID-19 cases on Wednesday, a record since the Omicron variant was detected, and 36 new COVID-related deaths.

https://www.reuters.com/business/healthcare-pharmaceuticals/south-africa-reports-nearly-20000-new-covid-19-cases-record-omicron-wave-2021-12-08/

Israel and UK go for 4 jab.

https://www.timesofisrael.com/liveblog_entry/israel-said-to-consider-4th-covid-vaccine-dose-for-immunocompromised/

TG qtr result should be better this qtr.
Reasons:
CBP lifted. Recover 10% lost revenue from US. TG Thailand has big volume nitrile gloves sales to US
MCO lifted. Production efficiency improved from 60% to 90%. TG resume full production. Capacity 100b.

Intco medical and Blue sail mostly export vinyl gloves to US. There is little competition between the Malaysia nitrile gloves in past 3 months.

Banking stocks MBSB and CIMB Pat negative 100m n 140M respectively. Probably try to evade cukai makmur.

Probably shorties rss exit end of year. All rss low short position below 1.0% except TG. TG will be final shorting before cover end of year.

In first, Health Ministry says one of the new cases wasn’t recently abroad, but had been exposed to traveler returning from South Africa; all 4 received 3 shots
https://www.timesofisrael.com/israel-reports-4-more-omicron-infections-bringing-total-to-11/

Pfzier, Moderna n Az booster shot dont work on Omicron.

Xifu email to Andy Hall to seek clarification on Ataims video

We are not the subject matter expert on labour rights, however if i may i'd like to share my personal thoughts with you on this issue, the reality is that the alternative for some of the foreign labourers working in Malaysia may be even worse, their families back in their home countries live in destitute conditions and rely heavily on foreign remittance. The loss of income from a sole breadwinner will have a large social economic impact beyond the borders of Malaysia, therefore any allegations made has to be carefully considered and must be backed by real hard concrete evidence because the 2nd and 3rd degree consequences will impact not only capital markets but more pertinently the livelihood of foreign labourers' families back home indirectly. I watched your video on your twitter account copied below , showing workers from ATA running away from an apparent audit team from Dyson (inaudible), why are they running away? No one should be held hostage by their employer, however my interpretation of the video is that they are running so that they can keep their jobs, and its not because of ill treatment or hardships they have to endure.

https://twitter.com/Atomicalandy/status/1464027034728939520?s=20

Dividend ex date 6/12/2021 today 5ct.

Omicron and Hiv are there connected?

If infected with Omicron, will the person also infected with HIV??
That's world scientists worried about.

https://foreignpolicy.com/2021/12/02/hiv-omicron-covid-variants-south-africa-connected/

Singapore 2 Omicron cases detected
https://www.channelnewsasia.com/singapore/covid-19-singapore-omicron-variant-detected-imported-cases-moh-2353941

https://www.nst.com.my/news/nation/2021/12/750801/another-515-delta-cases-identified

Glove Manufacturers Repurpose ESG Compliance Into Healthcare

https://www.klsescreener.com/v2/news/view/917841/glove-manufacturers-repurpose-esg-compliance-into-healthcare

Zuraida: Emergence of Omicron variant to further boost exports of rubber glove

https://www.malaymail.com/news/malaysia/2021/11/30/zuraida-emergence-of-omicron-variant-to-further-boost-exports-of-rubber-glo/2024854

run out of bullets soon shorties.

UK’s minimum gap for Covid booster jabs to be halved to three months

The UK’s minimum gap for Covid booster jabs will be halved from six months to three, after the government accepted advice from its vaccines watchdog to speed up the programme to limit the spread of the Omicron variant.
https://www.theguardian.com/world/2021/nov/29/covid-booster-jabs-to-be-offered-to-all-uk-adults-after-three-month-gap

With just over 200 new confirmed cases per day in the recent week, South Africa’s new daily cases driven by the Omicron skyrocketed to 2,465 as of last week. Sharon Peacock, who has led genetic sequencing of COVID-19 in Britain at the University of Cambridge, in a statement acknowledged that the large mutations in B.1.1.529 are “consistent with enhanced transmissibility,” but the “significance of these many mutations is still not known.”


https://www.republicworld.com/world-news/rest-of-the-world-news/omicron-variant-spread-can-have-severe-consequences-says-who-gives-safety-tips.html

Glove companies committed to 0 indices of forced labour.

https://www.pressreader.com/malaysia/the-borneo-post-sabah/20211112/282114934815884

Australia detects first COVID-19 Omicron infections

https://www.channelnewsasia.com/world/covid-19-australia-detects-first-omicron-cases-south-africa-flight-2343076?cid=FBcna

New virus variant B.1.1.529 could evade vaccine.
https://www.skynews.com.au/world-news/scientists-scramble-to-analyse-new-coronavirus-variant-b11529-for-more-information-fearing-it-could-evade-vaccine-effectiveness/news-story/57a1a3fb1ed997e05dad7d3a20462cea

Let shorties dump to 0.65ct. Prepare to full top up.

JPM shorties boss want to outlast China.

https://www.smh.com.au/business/companies/regret-jpmorgan-chief-jamie-dimon-moves-quickly-to-stop-china-fallout-after-quip-20211125-p59bx6.html

Plantation stocks still doing well despite the cbp banned.

https://apps.theedgemarkets.com/article/us-sanctions-put-malaysian-palm-oil-giants-conundrum

KUALA LUMPUR (Nov 19): Supermax Corp Bhd, whose products are facing an import ban in the US over allegations of forced labour, is in talks with various diplomatic bodies in Malaysia including the Nepalese and Bangladeshi embassies in order to assist migrant workers in asserting their rights.

Supermax Healthcare Canada (SHC) said its Malaysian partner also confirmed that two auditing processes are currently being conducted over forced labour concerns and that the two additional US auditors will conduct analysis and monitory through April 2022.

“If the [recently] reported allegations are substantiated by the findings of these audits, Supermax Healthcare Canada will explore all possible options to address the situation and take swift action to ensure that workers' rights are respected in its supply chain.

“The company is eagerly awaiting the results of these independent audits, which are intended to clarify the situation for everyone,” SHC added in a statement dated Nov 17

Shorties bought 10m SPMX shares and 14.4 m shares of TG.
Total for past 3 days
TG 34m
SPMX 34m.

Fast exiting for shorties.

US new covid19 cases hitting 100k daily for past 3 days.

https://www.msn.com/en-my/money/topstories/stanley-thai-to-return-to-supermax-board-as-executive-chairman/ar-AAQOMmp?ocid=msedgntp

Tell me how jPm works?

Stocksafeplayer, u maybe laughing but shorties JPM think otherwise bought 16.3m shares yesterday which is grossly undervalue.

JP didn't set bc the NTA 1.91 and share price 1.82. The share price is undervalue.

Despite the MCO, lower factory capacity and 60% work force, SPMX OBM still enjoy supernormal profit 630m. Its profit per qtr has exceeded TG, Kossan and most of banking stocks.

Shorties are buying heavily daily. Follow shorties.

Shorties bought 23m shares yesterday for Harta, Supermx and Kossan. Dun no who sold the shares?. Maybe from left to right by shorties.

Shorties still have 60m shares to buyback. Every day buy 5m shares will takes 12 days cover all.

Post removed.Why?

China power cut, Ai also no use. cant produce.

When there is dip, Shorties will buyback.

Canada barred additional deliveries from the company's unit, Supermax Healthcare Canada, to the government until an audit report on the matter mandated by the firm is reviewed by authorities,

Public Services and Procurement Canada said in a statement on November 10.

The audit report is expected by the middle of this month, according to the statement.

Audit report will be out by 16 Nov.

TG is the first company in Malaysia to pass the 11 ILO FL standard. It will follow suit by SPMX and the Smart glove. In future it is labor std for those who want do business with USA and Europe.

Supermx will seek the shareholders approval in share buyback of 10% approx (525m) of its shares at AGM in 3 Dec.

Meanwhile TG to allocate 2.49b fund to share buyback.

https://www.klsescreener.com/v2/news/view/908497/top-glove-to-allocate-up-to-rm2-49b-for-share-buy-back

I believe the short interest of shorties can be as high as 99% to bring down SPMX price down by 70%. RSS 2.4% only for show only. Private ib lending to shorties have provided them unlimited shorts to bring down the share price. The latest share holders list, the retailers hold less than 0.03%. Probably shorties already shorted close to a billion shares. That's why the other gloves stock down but SPMX still green bc shorties are buying the shares to pay share dividend. Even phantom shares are sold by ib. For e.g the nominees shares already loaned out to shorties and same time retailers sold the same shares. Probably million of phantom shares already sold.

Who is owning the a billion shares sold by shorties n ib now?



Posted by kbtsyl68 > Nov 11, 2021 8:19 PM | Report Abuse

Today only traded 4 million shares. The group of shorties are now scratching their head where to find seller to sell them the shares. If you monitor the last hour of trading, most of the transacted lot is 1 lot and 2 lot. The shorties are buying and selling themselves to lure sellers.

Capital Commitments
As at 30 April 2021, the Group had capital commitments amounting to RM 277.8 million for the purchase of plant and equipment to be installed at its various factories in Malaysia.

SPMX factory investments are allocated for every qtr from the profit before tax. So 3.9b cash is not touch.

SPMX OBM which is mostly contractual business will have a high ASP compare to OEM business.

While local investors/IB run, the foreign investors pick up the more shares on 31/10/2021. They are increasing their stakes in SPMX shares recently. They knew something good value which we "dunno".
Total shares/value/changing
2.12% BlackRock, Inc. 55,597,408 /MYR95.1m/9.76% "US fund"
2.84% The Vanguard Group50,959,919/MYR87.1m/5.78% "US fund"
1.84% Geok Tan 48,153,191/MYR82.3m/1.35% "Stanley's wife"
0.58% Mackenzie Financial Corp 15,278,259/MYR26.1m/18.33% "Canadian fund"
0.39%The People's Bank of China 10,220,926/MYR17.5m/7.26% "China central bank"
0.27%abrdn plc 6,976,978/MYR11.9m/5.77% "UK investment fund"
0.26% AP Fonden 2 6,769,528/MYR11.6m/91.15%"Swedish pension fund"
0.26% Dimensional Fund Advisors L.P.6,683,827/MYR11.4m/18.3% "US fund

Nitrile gloves ASP should bottom in the next 3-6 months at between USD25-USD30 level. We believe that ASP should bottom soon. Firstly, major glove producers have slowed down their expansion in the past 3 months. Secondly, there is sign that inefficient players have started to make loss. For example, Blue Sail Medical have registered net loss of RMB22.9m in 3Q2021 which we believe is due to the decline in ASP for gloves. Note that Blue Sail Medical is a major China gloves producer with estimated 5% market share of global medical gloves supply. Coupled with the scarcity of power supply in China as winter approach, we expect less competition from China at current low level of ASP at below USD35 per 1,000 pieces of nitrile gloves.

aminvest.

If SPMX sign a big contract with US govt. Why worry about cost and labour?
With factory there, SPMX will able capture bigger slice of US market. >20%. More US investors will buy supermax shares . Future SPMX may listed in US share market if remain profitable there. It won't be 1.70. but it could be USD 170 in 5 years time.

CBP temporary ban is part of US govt initiatives to fixed the forced labor issue in their supply chain. The company involved in suspected FL will then conduct auditing on their factories whether they are compliance to 11 ILO FL standard. Once it is done they will then submit the auditing report to CBP for review. If more things to be done, CBP will advise the company to make further improvements. When all the issues of FL already solved, CBP will then lift the WRO.

Many foreigners may not know foreign workers especially the Nepal want to earn more money when thy come to Malaysia. They will try to work as many OT as possible during weekend which easily increase daily pay to 1.5x on Sat and 2x on Sun. Their pay easily hit 3-4k. They are willing workers (not forced labour) but US think this is forced labor. Once i met a Nepal who had saved 300k in 3years working in Malaysia factory. In fact they are super rich "forced labour". U can check with them, many Nepal quite rich working in Malaysia some even setup "Ah Long" business, car washing and other business.

DPA initiatives is to increase
The administration is also aiming to bolster the country’s supply of critical personal protective gear such as surgical gloves, which are in short supply. The administration plans to expand the domestic manufacturing of the gloves in the U.S. by building plants to make raw materials and the gloves themselves. About 1 billion nitrile gloves could be manufactured per month by the end of the year, Manning estimated.

Supermx investing a nitrile glove factory in US is timely and as it will help to bolster the supply of nitrile gloves to US govt hospitals. I believe it will be looking forward to sign a contract with US govt at end of year. The building of factory will forecast to completed at end of 2022.
https://www.politico.com/news/2021/02/05/biden-defense-production-act-coronavirus-466130

HS is not building the glove factory in kedah after clarification from BOD.
https://www.klsescreener.com/v2/announcements/view/3450727


Posted by Benhobenhobenho > Nov 5, 2021 6:50 PM | Report Abuse

Hong Seng consolidated also dealing in gloves n they are building a huge glove manufacturing plant in Kedah, yet their share prices are trading at record high.

A software company with last qtr revenue of 7m and have a PE 843 9b market cap. Until now they have not produce a single glove. That was 1 year ago. So it is not easy to setup a glove factory if they are newbie.

To build a NBL factory is even more difficult. It will requires high financing at least 4b. I doubt it will able to borrow 4b with annual revenue of less 100m.

https://www.theborneopost.com/2020/08/25/mscm-appoints-turnkey-project-partner-to-kickstart-glove-business/#:~:text=On%207%20August%202020%2C%20MSCM%20Holdings%20had%20announced,a%20glove%20manufacturing%20plant%20in%20Sungai%20Petani%2C%20Kedah.