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2021-11-03 16:01 | Report Abuse
At least glove stocks can afford to pay prosperity tax. Dunno Genting when can pay prosperity tax?
2021-11-03 11:33 | Report Abuse
As at 30 June 2021, the Company held a total of 102,980,727 ordinary shares of its 2,720,619,520 issued ordinary shares as
treasury shares. Such treasury shares are held at a carrying amount of RM186,368,292.
Average price for treasury share is 1.80.
2021-11-03 11:29 | Report Abuse
Dividend and dividend_share paid 2020 n 2021 total is 912.2m. This total did not include the propose special dividend share 1:30 (165m) fy 2021. The overall total will be over 1.0b if included the sp share div.
2021-11-02 13:16 | Report Abuse
Harta PAT 914m . Record dividend 35.2ct
2021-11-02 13:05 | Report Abuse
Harta qtr result revenue 2.0b Pat 914m. Record dividend 35.2ct. Despite Asp downtrend still very good result
2021-11-02 11:30 | Report Abuse
Shorties are seen exiting on Harta. It could be they have reach the TP. Similar for other gloves short position, i believe they are exiting all before the end of year, shorties are worry about rise of the contract and stamp duty in 2022.
Harta short position 0.89%
2021-11-01 22:46 | Report Abuse
Hong Seng had been sign up so many agreements since oct 1. Last qtr revenue only 7m profit 651k PE 811. Goreng company!
2021-11-01 15:19 | Report Abuse
Najib speaks about GST, windfall tax n prosperity tax. Live now.
https://www.youtube.com/watch?v=Bwr107rQNCM
2021-11-01 10:48 | Report Abuse
If u look SPMX shareholder list, the retailers consist only of 9.6m shares out of 2.62b total shares. Even the retailers sell all the shares, the shorties still cannot buyback 64m shares from retailers.
2021-11-01 09:28 | Report Abuse
Gloves stocks are oversold for many months. They are more worry about making less profit then paying prosperity tax.
2021-10-31 17:57 | Report Abuse
Gloves stocks already oversold for months. Most of retailers and inst. investors already sold their tickets. Shorties already short 65 m tickets. Those sectors in klci index stocks other than glove stocks will hit hard tomorrow
2021-10-31 10:39 | Report Abuse
Ib bank also hit by prosperity tax.
2021-10-29 21:16 | Report Abuse
"The RM32.4 billion allocation for healthcare is a good budget in total and its very timely for the healthcare sector," APHM told the New Straits Times.
https://www.msn.com/en-my/news/national/2022-budget-private-hospitals-laud-allocation-for-healthcare-sector-covid-19-management/ar-AAQ57nT?ocid=uxbndlbing
Health care sector will be booming in year 2022. World will be spending trillion dollar on healthcare sector. PPE and gloves are needed for healthcare workers administering vaccine and taking of patients.
2021-10-29 09:45 | Report Abuse
Shorties will need to buy the shares to pay share dividend.
2021-10-28 20:02 | Report Abuse
Financial Year 30-Jun-2021
Subject Share Dividend
Type Dividend - Share
Description Final dividend via share dividend distribution on the basis of one (1) treasury share for every thirty (30) existing ordinary shares held in the Company in respect of the financial year ended 30 June 2021.
Amount 1.0000 : 30.0000
Ex Date 17-Dec-2021
Entitlement Date 20-Dec-2021
Special dividend for last Qtr end 30 June 2021.
Total from last Qtr dividend=0.15(PAID)+0.064 (SPd)=0.214
Expecting another dividend (10-15c) for the coming Qtr in Nov.
2021-10-28 11:38 | Report Abuse
Shorties are buying to cover some RSS position and same time they are shorting to press down the price. The whole exercise cost a lots of money just to achieve the TP. Problem now there is only small vol shares are flowing in the market.
2021-10-28 11:12 | Report Abuse
Supermx if stop business still can pay 10ct dividend (260m) for 15 qtrs based on 4b cash.
2021-10-28 09:32 | Report Abuse
Super low volume today. RSS ban?
2021-10-28 09:02 | Report Abuse
With recent exposure of counterfeit gloves in Thailand, the whole world will not buy gloves from Thailand. Most of them switch to Malaysia and China for nitrile gloves purchase. ASP will be uptrend due to shortage of nitrile gloves.
2021-10-27 08:00 | Report Abuse
Glovemakers, tech companies and EMS players to shine
We are positive on exporters, namely, glove manufacturers, tech companies
and electronics manufacturing services (EMS) players.
While glove companies face labor and environmental, social and governance (ESG) concerns that impact valuations, global demand for gloves remains high as the pandemic is ongoing due to the spread of the Delta variant. Most manufacturers still have orders for more than a year. The average selling prices of gloves, albeit off their peaks, appear to be moderating and are largely within market expectations.
News from the edgE
2021-10-26 15:06 | Report Abuse
SINGAPORE: A new COVID-19 cluster of 116 cases has emerged at the Institute of Mental Health (IMH).
The COVID-19 cases comprise 108 inpatients and eight staff members from both inpatient and outpatient settings, IMH said late Monday (Oct 25) night, after it was identified as a large cluster by the Ministry of Health (MOH).
https://www.channelnewsasia.com/singapore/large-covid-19-cluster-imh-100-cases-2268001
2021-10-26 09:41 | Report Abuse
Thailand had produced more recycle glove than real glove bc it is cheap and 99% profit. Now US healthcare have more recycle glove on hand than real glove. CBP takes no action on counterfeit companies in Thailand are shocking. They can endure counterfeit goods in their supply chain but not forced labor. Crazy right.
2021-10-25 14:18 | Report Abuse
No wonder the gloves ASP downtrend so fast bc of Thailand selling billion recycle gloves to US and the world. Many of healthcare workers are now at great risk using the recycle nitrile gloves.
https://edition.cnn.com/2021/10/24/health/medical-gloves-us-thailand-investigation-cmd-intl/index.html
"It's a total safety issue... to me the fact that these companies were never blacklisted is shocking," he told CNN.
2021-10-25 12:19 | Report Abuse
The survey by NCCIM, he said,
reveals that plantations require
70,000 foreign workers, rubber
glove industry (25,000), furniture
(30,000), construction (200,000),
manufacturing (25,000), services
(45,000) and plastics (6,293)
Glove industry still shortage of 25k workers despite ASP downtrend..
2021-10-22 18:25 | Report Abuse
Posted by Geek2020 > Oct 22, 2021 5:41 PM | Report Abuse
Walau. Until now no announcement.. what kind of investor relations is this
https://www.klsescreener.com/v2/news/view/897897/supermax-seeks-details-from-us-over-forced-labour-allegations
2021-10-22 09:43 | Report Abuse
Supermax is one of strategic healthcare investor (USS550m investment) in US. CBP action will further ensure SPMX compliance to ILO so that there is no issue in the future glove supply chain in US. This ILO issue will resolve faster than TG bc the workers is around 5000 compare to TG 20000 workers.
2021-10-22 09:27 | Report Abuse
11 ILO forced labor indicator have been auditing since 12 OCT. Once completed the audit, the report will be submitted to CBP for review and close case.
2021-10-20 13:15 | Report Abuse
Experts are warning we could see what they are calling a "twindemic" of COVID-19 and flu this coming winter.
Millions of children get sick with the flu every year and tens of thousands are hospitalized with respiratory syncytial virus or RSV. Research being presented at an American Academy of Pediatrics conference shows pandemic precautions, like wearing masks and social distancing, helped stop the spread of flu and other common respiratory viruses last season.
https://www.cbsnews.com/news/covid-19-flu-season-winter-twindemic/
US ppl will need to have 2 shots to protect against covid19 and flu in this coming winter.
2021-10-15 10:48 | Report Abuse
China power shortage threatens supply chain disruption and higher prices.
Malaysian gloves companies will definitely boost their gloves sales from September 2021 onwards due to China power cut and higher prices.
https://news.yahoo.com/china-power-shortage-threatens-supply-110000507.html
2021-10-14 09:26 | Report Abuse
Shorties bought:
TG 44.5m shares past 1 week.
Spmx 14.4m shares past 1 week.
2021-10-12 12:56 | Report Abuse
Flooding in northern China is hitting a major coal production center hard, sending coal prices soaring and complicating efforts by Beijing to tackle ongoing power shortage.
Heavy rains have forced the closures of 60 coal mines in Shanxi province, China's largest coal mining hub, according to a statement released Saturday by the provincial government's Emergency Management Bureau. The province is home to a quarter of the country's coal production
"China's electricity cuts will add to economic stresses, weighing on GDP growth for 2022," Moody's analysts said in a Monday report. They added that the "risks to GDP forecasts could be larger as disruptions to production and supply chains feed through."
https://www.msn.com/en-us/money/markets/chinese-coal-prices-hit-record-high-and-power-cuts-continue/ar-AAPn1q4?ocid=uxbndlbing
There will further disruption of manufacturing industries esp. gloves companies which require high power to manufacture nitrile glove.
2021-10-12 12:36 | Report Abuse
Health Ministry Khairy Jamaluddin’s information on the new drug, however, may not be totally correct (that it could be used on patients in Category 3, 4 and 5). It’s better to wait for Health director-general Dr Noor Hisham Abdullah to explain the matter further.
According to the website of US drugmaker Merck & Co, the company we’re purchasing the pills from, molnupiravir trial involved non-hospitalised patients with mild to moderate Covid-19 disease. It has not been used in patients hospitalised or in ICU.
‘Buying 150,000 courses may cost the rakyat RM420m.’
https://www.msn.com/en-my/news/national/yoursay-rush-for-molnupiravir-at-possibly-high-cost/ar-AAPowNN?ocid=msedgntp
2021-10-12 10:17 | Report Abuse
Supermx NTA will expected to raise from 1.82 to 2.0+ in coming quarter. A large portion of gloves exports are contracted to foreign govt hospital.
2021-10-11 11:42 | Report Abuse
Shorties bought more 6.5m shares on 8/10/2021. Total shares bought 10.8m.
08/10/21 69925489 -6545240
07/10/21 76470729 -4332200
2021-10-08 09:27 | Report Abuse
Waiting for AR 2021 this month.
Attached last AR 2020
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=204345&name=EA_DS_ATTACHMENTS
2021-10-07 13:17 | Report Abuse
Shorties covered -4.3m net short position on 6/10/2021
06/10/21 76470729 -4332200
05/10/21 80802929 50000
2021-10-04 14:55 | Report Abuse
PITTSBURGH — U.S. Trade Representative Katherine Tai said in an interview on Thursday that the Biden administration plans to “build on” existing tariffs on billions of dollars in Chinese imports and confront Beijing for failing to fulfill its obligations under a Trump-brokered trade agreement.
https://www.politico.com/news/2021/09/30/biden-trump-tariffs-china-514866
Gloves from china will getting expensive when US reimpose the tariff of 15%-25%
2021-10-03 14:25 | Report Abuse
Posted by Benhobenhobenho > Oct 3, 2021 2:13 PM | Report Abuse
http://www.financetwitter.com/2021/10/merck-unveils-first-covid-pill-c...
Therefore, the molnupiravir pill is not a vaccine, let alone the Holy Grail in fixing the pandemic. It is an oral antiviral, another tool or weapon to fight Covid-19. Vaccinations through jabs are still required to prevent from getting the virus in the first place. The pill provides a good tool for people who refuse to receive vaccine, but ready to take the oral antiviral during the early days of symptom
2021-10-02 17:59 | Report Abuse
Earlier study results showed the drug did not benefit patients who were already hospitalized with severe disease. Only use cat1/2 treatment.
2021-10-02 17:13 | Report Abuse
Merck’s antiviral pill may help to beat COVID-19, but gloves still needed for prevention spread of virus to health workers and patients.
2021-10-01 16:00 | Report Abuse
The big 4 already expansion or future expansion had already using industry 4.0 automation. This will cut the manpower use in production lines by 6x. Reduce from 9.7 to 1.5 workers to produce 1 million gloves according Margma. This will further cost saving in production and this saving will be converted to additional profit.
2021-10-01 14:06 | Report Abuse
WASHINGTON (Reuters) - U.S. Trade Representative Katherine Tai will unveil the Biden administration's long-awaited strategy for the troubled U.S.-China trade relationship in a speech on Monday at a Washington think tank, her office said.
Biden administration officials say China has not met its Phase 1 trade deal commitments and they intend to hold it to its international trade commitments.
Chad Bown, a senior fellow at the Peterson Institute for International Economics in Washington, estimates that China's purchases of U.S. exports through August are running at about 62% of the Phase 1 targets, based on U.S. export data.
US tariff on imposing 15% tax on China medical gloves will be announced on Monday.
2021-09-29 16:06 | Report Abuse
Most of the ib analysts review on gloves market are based on Frost and Sullivian 2020 data which i think is outdated information. They didn't know the delta is so dominant in year 2021 onwards. Vaccination have not resolve the pandemics. They also failed to notice the China which is 2nd largest economy will be big user of gloves in the world.
Forbest website.
"The U.S. Market is Estimated at $11.4 Billion in 2021, While China is Forecast to Reach $13.6 Billion by 2026
The Nitrile Gloves market in the U.S. is estimated at US$11.4 Billion in the year 2021. The country currently accounts for a 33.58% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$13.6 Billion in the year 2026 trailing a CAGR of 29.1% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.3% and 22.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 20.2% CAGR while Rest of European market (as defined in the study) will reach US$14.8 Billion by the close of the analysis period."
2021-09-28 16:14 | Report Abuse
At least 15 Chinese companies have said in exchange filings that production had been disrupted by power curbs, while more than 30 Taiwan-listed firms with China operations had stopped work to comply with the power limits.
The steel, aluminium and cement industries have also been hard hit by the output curbs, with about 7% of aluminium production capacity suspended and 29% of national cement production affected, Morgan Stanley analysts wrote in a Monday note. Paper and glass could be the next industries to face supply disruptions, they said.
Producers of chemicals, dyes, furniture and soymeal have also been affected.
https://www.marketscreener.com/news/latest/China-power-crunch-spreads-shutting-factories-and-dimming-growth-outlook--36522262/#:~:text=China%20power%20crunch%20spreads%2C%20shutting%20factories%20and%20dimming,as%20the%20economic%20toll%20of%20the%20squeeze%20mounted.
2021-09-28 15:57 | Report Abuse
Ah jib kor got mention TG high dividend in his speech in Parliamant.
https://www.facebook.com/watch/live/?ref=watch_permalink&v=291373885827087
2021-09-28 11:00 | Report Abuse
If u watch "Chinese doctors" movie, the doctors and nurses in China are wearing low quality PPE, gloves and face mask. The hand and face of healthcare workers all have scar and swollen after prolong wearing of low quality gloves and facemask.
That's why Europe and US prefer quality Malaysia produced gloves and PPE.
Stock: [SUPERMX]: SUPERMAX CORPORATION BHD
2021-11-04 09:17 | Report Abuse
The "the shortiest paper" theedge paper they are paid to fear mongering about glove stocks.
Fear mongering title:
1.Harta will pay 700m prosperity tax.
2.Top Glove sits on RM860 mil paper loss on massive share buyback
3.Analysts cut Hartalega's earnings forecast after management warns about possible RM400m prosperity tax in FY22
and many more fear mongering title.
Why don't publish Maybank possible to 2.2b or more for prosperity tax?
osted by pjseow > Nov 4, 2021 12:46 AM | Report Abuse
"Top Glove says share buyback not investment, no impairment needed | The Edge Markets" https://www.theedgemarkets.com/article/top-glove-says-share-buyback-no...