Posted by raymond96 > Sep 9, 2021 1:34 PM | Report Abuse

myinvestor can u let me know how to get SUPERMAX SHORT POSITION Info

https://www.bursamalaysia.com/market_information/market_statistic/securities

Supermax net short position.
08/09/21 71214386 -680600
07/09/21 71894986 489700
06/09/21 71405286 -403910
03/09/21 71809196 1314660

Dump and cover still around 2.6% net short position.

The younger Kuan seem to be inexperience when briefing the gloves business to the press. Especially the important business briefing must provide important data when talk about ASP, competitors. He seem lacking in all aspects. TG director Lim is different more experience and provided a detailed information with charts of company growth on gloves business. BC young Kuan of poor briefing this has affected the downgrade of company shares and also other glove stocks.

Biden’s top trade adviser, US Trade Representative Katherine Tai, has been vocal about what she describes as China’s “coercive and unfair trade practices”.
The tariff exemptions on the medical goods and personal protective equipment are set to expire on September 30. Trump put the exemptions in place after the pandemic began to spread wildly in the US.
US may

US might install back the tariff on China medical goods and protective equipment after September 30.

China production facing power outage.
GUANGZHOU, China - In a world still recovering from the reverberating effects of the COVID-19 health crisis, one of the international community's wealthiest nations is struggling through a power shortage that may impact the global economy.

China's struggles are causing problems for its international partners, according to a recent CNN report.

The news outlet says Guangdong Province is one of several Chinese regions battling an electricity shortage caused by the threefold issue of extreme weather conditions, surging demand for energy, and strict limits of coal usage.

CNN says the shortage could last for months.
The production cuts and prospect of missed delivery deadlines across China pose a threat to an already tight global supply chain.

"It [the power shortage] might add to the shipping delays which can be felt around the globe," said Henning Gloystein, director of energy, climate and resources at Eurasia Group.

At this time, it remains to be seen how long China's energy shortage and ensuing manufacturing slowdown will continue

https://www.wbrz.com/news/how-china-s-power-shortage-impacts-the-global-community

Toneefa, There is little changes in net short position of supermax. Shorties are covering and dump by daily for past 2 to 3 weeks still around 2.6%. The high dividend dampen their short selling activities.

While TG 180m had reduced the net short position of 80m from peak of 250m. Shorties had covered netshort position from the range 3.70 to 3.80 and now they short back to 2.2%. I think they are renewing the short position of TG bc it is close to deadline of 12mths.

Posted by ToneeFa > Sep 8, 2021 3:35 PM | Report Abuse

Total Net Short Position for 07/09/2021

Supermax - 71,894,986 2.64%
Top Glove - 180,426,092 2.20%
Harta - 47,852,656 1.40%
Kossan - 44,164,285 1.73%

Looks like they have increased net position a bit on SpmX since last week which was ard 2.58%.

MM,"Malaysia is mainly producing natural latex gloves, but the clinical and ordinary gloves used in all walks of life are not latex gloves, but nitrile and other synthetic gloves," Chen said.

This is fake news. Harta is largest producer of nitrile gloves in the world.

Supermx production lines had been booked for entire 2021. There is only need issue is to produce sufficient gloves for shipment 2021. With 13 plant in operation, the lost production shipment during emco will be filled up by plant 13 in production.

Gloves stocks are still paying good dividends from last qtr despite shorties claimed of reduced ASP.
Harta 19.5ct, Supermax 15ct, Kossan 12ct and TG -18ct.

citadel go bankrupt, Local ib lenders should be aware the risk of lending shares to shorties.

citadel habislah. Amc squeeze.

Singapore facing increasing likelihood of 'exponential rise' in COVID-19 cases, quick action needed: MOH

https://www.channelnewsasia.com/singapore/covid19-singapore-cases-rise-quick-action-testing-moh-2159366

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.
8.2 The borrowing transaction for each covered short sale must be entered on
T0 for a borrowing period that begins not later than value T2 to at least Tx

Source: GUIDELINES ON REGULATED SHORT SELLING OF
SECURITIES IN THE WHOLESALE MONEY MARKET

Shorties are desperate to cover as some net position is nearer to 12m

Top Glove Corporation Bhd ADR (TGLVY)


OTC Markets

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3.70 -0.01 -0.27%
03/09 - Closed. Currency in USD ( Disclaimer )

TG ADR still trading last week.

Chief999, Ya, i miss out the global. TQ for correction.

Posted by chief999 > Sep 4, 2021 8:16 PM | Report Abuse

re:myinvestor, SPX own White Oak Global Properties Ltd not the white oak you mentioned. The company is registered in USA... being the holding company for USA distribution centre in illinois

With so much cash on hand 3.7b, Spx may venture in property sales/development projects in UK. I came across in the Annual report 2020, Spx had already owned White Oak Properties Limited 100%.

While TG already ventured in other business such manufacturing of butadiene and they plan to use it for their own nitrile gloves production.


http://www.whiteoak.co.uk/elizabeth-court/

Topglove Excutive director Lim Cheng Guan giving business presentation on Top glove.
https://www.youtube.com/watch?v=HPeFiJylChU

Pjseow, What about non core business contribution to revenue/profit?
Contact lens and PPE/facemask manufacturing in Canada 420m capacity per year.

GENEVA: The World Health Organization has said it is monitoring a new coronavirus variant known as Mu, which was first identified in Colombia in January.

Mu, known scientifically as B.1.621, has been classified as a "variant of interest", the global health body said Tuesday (Aug 31) in its weekly pandemic bulletin.

https://admin.channelnewsasia.com/world/covid-19-mu-new-variant-who-world-health-organization-monitoring-2148471

Supermax NA large distribution office/warehouse in AURORA, ILLINOIS Chicago USA.

https://www.arcomurray.com/project/supermax-healthcare/

up up

Investors here mostly + on Supermax good earning at every qtrs. A good dividend (15ct to 20ct) payout for every qtrs. is better 3x better than keeping FD in bank... Price fluctuation will not bother the long term investors.
Shortist investment are usually short term but they go long term bc of failed earning.
Long term means is disadvantage to them as they have to pay high dividend, high interest, high daily transaction fee and this including paying high commission to the Ib remisers (probably 100's) helping them to dump the shares daily.

Shortist are spending billion to keep netshort position in Bursa.. Already almost 9m they still keep the net short position, that's mean they are still earning peanut.

FF still + net buying 117m 1/9/2021.

In June US active cases was only about 5m. Today US active has shot up to 8.4m. A increased of 3.4m active cases in just 2 months.

FF net buying 514m 30/8/2021. Continues uptrend

Even don't buy glove stocks, u also get infected and died. Always remember gloves are used to protect health care workers and prevent of infection. The usage of high bc above reasons. Even without the pandemic, gloves will expected to grow at slower rate but still 10 to 15% per year.

Shorties are big customers of local IB. The big commission/high lending interest earned from private lending to shorties had forced them write bad on glove stocks.

FF don't care about TA, Kenanga report-(shorties cohort). FF only care about supernormal profit and high dividend payout in next 12 qtrs.

FF net buying 257m 27/8/2021

Klci index is moving toward 1650. Supermx will follow the upward trend

PETALING JAYA: Supermax Corp Bhd’s net profit for its fourth quarter ended June 30, 2021 more than doubled to RM958.71 million from RM398.83 million in the same quarter of the previous year on the back of strong demand due to the Covid-19 pandemic which saw higher sales from additional production capacity and continued increase in average selling prices (ASP) from March 2020.

On the whole, Supermax expects demand to remain buoyant beyond 2021.


https://www.thesundaily.my/business/supermax-s-net-profit-for-q4-more-than-doubles-to-rm9587-million-EC8260798
theSundaily report is fair.

US new cases hit above 190k.
KUALA LUMPUR, August 25 — The World Health Organization (WHO) today recommended that Malaysia properly study the risks before lifting any Covid-19 restrictions amid soaring infections.

Dr Takeshi Kasai, WHO regional director for the Western Pacific Region (WPR), said that vaccines alone will not put an end to the Covid-19 epidemic in Malaysia, and that the country should also implement effective intervention measures to control the outbreak.

“It’s actually up to countries to carefully assess and weigh the risk, the effectiveness of the intervention, and its social acceptance and its negative impacts. The very important point for the Covid-19 response is not to rely on just one measure, but to make it as a combination,” Dr Kasai mentioned today during WHO’s virtual press conference on Covid-19 in WPR.

“The vaccine is a good example. Vaccines alone cannot put Covid-19 under control, but together with public health and social measures, we can suppress Covid-19.”

Dr Kasai noted that strong Covid-19 intervention measures should be taken when a country’s ability to accommodate critical patients exceeds the actual capacity of intensive care units.

“When the number of critical cases exceed ICU capacity or expected to exceed ICU capacity, that’s the time we really have to take strong measures so that we can protect health care workers and health services.”

On August 23, the ICU bed occupancy rate reached more than 100 per cent in six states in Malaysia: Sabah (132 per cent), Kedah (132 per cent), Kelantan (109 per cent), Perak (106 per cent), Penang (103 per cent) and Johor (100 per cent), amid the unrelenting epidemic in these states.

source codeblue

Posted by gentingfinish > Aug 27, 2021 1:36 AM | Report Abuse
Kossan higher profit than supermax without so called 'OBM' but has lower market capitalisation compared to supermax. Buy undervalued company not overvalued

The valuation of the company is based on NTA. Not just 1 qtr profit.
Kossan Nta:1.52
Supermx NTA:1.82

Anyway both of the stocks are undervalue based NTA valuation and billion profit

Supermax 958m PAT dividend 15ct. very Good result under MCO

FF net buy 236m
US hit record 170K

Market (FBM KLCI) reached an all time high of 1896.23 July 2014
DEC 2020 highest index 1681
March 2021 1640

Yesterday FF are buying. Net 154m

Shorties can keep the netshort position until end of next year 2022.

(CNN)President Joe Biden just got some deeply unwelcome news: The pandemic that he was elected to end could drag on deep into a midterm election year, with all the political and economic destruction that could bring.

The warning by the government's top infectious diseases expert, Dr. Anthony Fauci, that the crisis won't be under control until spring of next year -- and even then, it will need most American vaccine skeptics to change their minds -- came as a severe jolt to a weary nation.


https://edition.cnn.com/2021/08/24/politics/anthony-fauci-timeline-covid-joe-biden/index.html

Harta NTA 1.91
Supermx NTA 1.58 still short 1 qtr. Nta could be 1.90-2.00 after this qtr result.
Kossan NTA 1.52
Topglov NTA 0.86

Based on NTS asset valuation only Harta surpass supermx. Supermx is lies 2nd position among top 4 gloves companies.

Facebook Najib.
Di sebalik beberapa laporan media bahawa pasaran saham Malaysia menjunam teruk semalam, indeks Bursa Malaysia sebenarnya tidak bergerak begitu ketara semalam.
Penurunan Bursa Malaysia sebanyak 2.21 point sebenarnya lebih rendah berbanding pasaran saham negara-negara jiran.
Malah nilai Ringgit Malaysia naik semalam

RSS going to ban. Najib is monitoring the stock market performance.

KUALA LUMPUR (Aug 20): The appointment of Datuk Seri Ismail Sabri Yaakob as the ninth Prime Minister is expected to instil more confidence from foreign investors in the local economy as the transition of power has been quite smooth.

Putra Business School associate professor Dr Abu Sofian Yaacob said, moreover, as the former Deputy Prime Minister, Ismail Sabri was not expected to come up with new policies but would probably enhance existing ones.

“The political scenario will quiet down for some time. This is the time for politicians to work together to alleviate the socio-economic problems especially as we celebrate Merdeka Day in a few days' time,” he told Bernama today.

In addition, he said a very high percentage of the population would have been vaccinated by next month and this would open up more business sectors.

“This ultimately would grow our economy and at the same time gain more foreign investors’ confidence. As more economic sectors open, people can now find jobs and thus reduce the social problems,” he added.

https://www.klsescreener.com/v2/news/view/870667/Appointment_of_Ismail_Sabri_as_PM_will_instil_investors_confidence

A Supermax
Supermax is one of the world's leading manufacturers and markets for healthcare gloves and a sales leader in the U.S. dental segment. With eleven manufacturing facilities in Malaysia, Supermax has industrial plants dedicated exclusively to Brazil and eight distribution centers around the world.

With a modern Distribution Center certified by ANVISA in Good Practices of Storage and Distribution of Health Products with more than 5,300m2 of built area and storage capacity of more than 150 containers, Supermax Brazil has stock with immediate delivery, backed by the manufacturer Supermax Corporation Berhad of Malaysia.

The shipment of goods with automation by barcode reading provides accuracy and full traceability of the commercialized batches. The storage area has temperature, humidity and luminosity control, preserving the original characteristics of packaging and products.



http://supermax-brasil.com/

AFTER the Philippines Stock Exchange Index, which is down 8.2% year-to-date, the FTSE Bursa Malaysia KLCI (FBM KLCI) is now the second worst-performing index in Asia this year with a year-to-date decline of 7.7%.

For foreign investors, who are likely using the US dollar as their base currency investing in the Malaysian bourse, their year-to-date return in dollar terms is even larger at negative 12.9%, as the Ringgit is down by 5.2% so far this year.

CLICK TO ENLARGE
CLICK TO ENLARGE

One of the reasons for the underperformance of the local bourse is the relentless selling pressure that we have seen coming from foreign institutional shareholders.

In fact, based on data that has been compiled since 2014, net outflows were recorded in seven out of the last eight years. As can be seen from the chart, foreign flows to a large extent determine the performance of the FBM KLCI.

With the exception of last year, whereby the benchmark index rose 2.4%, despite the RM24.6bil net foreign outflows, the market has always gone the same direction as per foreign flows.

In 2020, despite the huge net foreign outflows, the 30-stock index provided positive returns on the back of the performance of the two main index-linked glove stocks, Top Glove Corporation and Hartalega Holdings, which accounted for 109 index points gain of the FBM KLCI.

Supermax, which was added with effect from Dec 21, 2020, provided negative returns of about four points to the FBM KLCI last year. Hence, although the 30-stock index gained 38 points last year, the index would have been at just 1,523 points and down 4.2% for the year, had the two glove stocks not perform as well as they did

This year, the glove stocks have taking a beating and the three stocks alone contributed to a 65 points loss to the index (Note: Supermax has since been removed from the 30-stock index with effect from June 21, 2021 and was replaced by Mr. D.I.Y. Group).

Hence, if we were to add back the 65 points loss due to the sell-off among the glove stocks, the FBM KLCI will be at 1,567 pts as of Thursday’s close, or up 2.9% year-to-date from last year’s adjusted performance.

source klse screener

Past 8qtrs, 5 of Q result are out of end of the month. So it is normal.

Shorties dump and cover strategy, buy and selling all by shorties itself.

Posted by AlsvinChangan > Aug 17, 2021 10:07 PM | Report Abuse

Revenge of the bilis comming soon

when RSS reach its limit 4%

3% limit is about 108M shares, the actual limit could be 4%

3% of 2720m shares (total shares) is 81.6m

Top glove highest net short position 253m shares about 3.1%
Kossan highest NS 2.1%
Harta-1.75%
supermax today -2.56% yesterday 2.61%.
Shorties covered 1.48m yesterday. Using dump and cover tactics.

There is no much play for shorties this week. The net short position already 3.0% by end of this week. They will start to cover when 3%+ is reach. This is based on past record.

Fund managers are getting more defensive as they grow more pessimistic on the economy and corporate profits, according to the latest monthly survey conducted by Bank of America.
Global fund managers have increased their holdings in healthcare, insurance, utilities and cash, while trimming their exposure to materials, commodities, emerging markets and energy.

market watch.

Gloves shares will be rebounding soon.

Spmx share holder fund 4.2b. A year ago it is only 1.5b.
Prepayment received 1.0b from customer from last qtr. The prepayment will converted to revenue when goods are deliver.