Ular, It can either be unrealised.gain or unrealised loss. He.did not specify how.much.he.bought earlier. He could.have.bought it higher than 5.50 or lower . Now. he.bought again at 4.48 but he havent sold yet . Tomorrow price can be higher or lower than 4.48 , there will be.many unrealised.gain.or .loss depends on which. dates of closing prices in.the future. Only. when he sell then gain or loss will be realised. After.reading so many.experts on.hedging principles, I.also begin to think likewise .


UlarSawa

Then you already earned rm1.00 without realised it. Correct?


dompeilee

Bought back the Hengyuan I SOLD above 5.50...for 4.48

44 minutes ago

Probability, glad to hear that your plantation does not face labour shortage problem.
I also bought some HY and Petronm . With the record cracked spread which is more than double the 2017 , i hope we can.make the same or more gain than 2017.

probability, how is your oil.palm plantation ? With palm oil price went up more than 3x , you must be huat ah . Now you bet big on HY ?

MFCB delivered fantastic and record Q4.result with 22. 47 sen eps. Net profit UP 129 % yoy.

Observatory, With the last QR inventory valued at 423 millions valued at 35 to 40 % lower ASP than the preceeding QR inventory valued at 408 million with higher ASP , it means the the inventory volumes in.last QR were much higher than preeding QR. The RHB report did mention that they had container shortage problem also. It means some of the shipments were withheld as finished goods inventory due to container shortage. The inventory as a percentage of revenue is 15 % higher than preceeding qtr. Hence I believe the Utilization may be just slightly lower than 80 % and the ASP for last qtr could be between USD 35 to 41.

Obsevatory, you could be right .

Based on the article from.Nanyang press which quoted rhb report, the utilization is 80 % . This is very high compared with Harta and Topglove. Kossan is very resilient in the current oversupply situation. If at 80 % utilization, the blended ASP work out to about US 35 per 1000.
https://www.klsescreener.com/v2/news/view/952439

https://www.ndtv.com/world-news/coronavirus-as-omicron-replaces-delta-dark-days-ahead-for-hospitals-warn-experts-2705278

USA 1 million.cases per day.

https://www.usatoday.com/story/news/health/2022/01/04/covid-omicron-cases-biden-vaccines-tests/9084898002/

https://www.theedgemarkets.com/article/big-shift-growth-value-stock-investing-if-world-goes-back-normalcy-%E2%80%94-maybank-kim-eng

https://www.thestar.com.my/business/business-news/2022/01/03/supermax-launches-new-foreign-worker-policies

https://www.bloomberg.com/news/articles/2021-12-23/three-sinovac-doses-fail-to-protect-against-omicron-study-shows

Yes, besides saving on.freight charges, there is no corporate tax and windfall tax .
---------------
myinvestor SPMX had chosen Texas because of offer of tax relief for 15 years. This will save million on taxes.
20/12/2021 10:43 PM

Labour cost accounts for only 11 % of total glove mfg cost. The major cost is raw material which accounts for 50 % of the cost followed by natural gas or fuel. Assuming.the cost for Nitrile glove is US20 per thousand and US labour cost is 5x.of Malaysia, the additional labour cost is 2.2 x 5 or US 11 . Total cost will be 20 x 0.89 or 17.8 plus 11 . Total cost is 28.8 . Overall , it is 44 % higher . The US volume or capacity is only 10 % of total supermx capacity . Overall weighted cost will be 20 x 0.9 plus 28.8 x 0.1 . The number is US 20.88 or a mere 4.4.% increase in overall cost. The savimg on.freight cost may.mitigate or minimise such increase. If PROXIMITY to customers improve customers INTIMACY , it is worth it.

https://www.deseret.com/coronavirus/2021/12/17/22841381/covid-booster-shot-stop-omicron-new-study-data

Natsuko, looks like the tariff imposition on China gloves are true.
----------+----------
Albukhary Confirmed, you can google US Tariff Section 301 Exclusion list.

Previous there are 99 products, but now only 81 product can enjoy the exclusion till 30 June 2022, while remaining 18 product will end from the exclusion list by 30 Nov 2021.

Nitrile Glove and Mask are one of the item under the 18 products, so their tariff exemption is until 30 Nov 2021 only.
18/12/2021 4:59 PM

I am not sure. The info came from the link Double Sword . I myself also put a question.mark. If it is true , then good news for all malaysian glove makers and investors.
---------------
NatsukoMishima @pjseow US imposed taxes on China Nitrile gloves? Good news for Malaysian.glove makers?
-----------------
https://youtu.be/BPLQIzjGxnk

_____________

Sure or not ?? No news out ??
18/12/2021 4:46 PM

Supermx new plants will not only supply gloves to US but to Canada and Latin America like Mexico, Brazil, Columbia etc. Mexico is just Texas.neighbour. The per capita consumption of gloves will grow at 10 to 15 % per year. The current requirements for both Canada and US alone is 368 m x 200 or 73.6 billions per year .

--------------------
Ryan83 Supermax 19 billions annual capacity in US will be completed in 6 years time by 2027 still long way to go
18/12/2021 11:59 AM

US imposed taxes on China Nitrile gloves? Good news for Malaysian.glove makers?
-----------------
https://youtu.be/BPLQIzjGxnk
18/12/2021 8:30 AM

US imposed taxes on China Nitrile gloves? Good news for Malaysian.glove makers?
-----------------
https://youtu.be/BPLQIzjGxnk
18/12/2021 8:30 AM

US imposed taxes on China Nitrile gloves? Good news for Malaysian.glove makers?
-----------------
https://youtu.be/BPLQIzjGxnk

https://www.enanyang.my/node/448648

Kossan current Nitrile to Latexx.gloves capacity ratio is 85 to 15 % . By end of 2022, Kossan capacity will be increased from 32 b.to 41 b per year with about 88 % Nitrile to latexx ratio. This is almost the current Harta capacity of 43 b per year. However, the price of Kossan is only 1/3 of Harta . This is because Harta used to enjoy PE of more than 40 during prepandemic while Kossan PE is just more than 20. The main reason is the higher Harta growth rate compared with Kossan during pre pandemic years and also the 15 % Harta margin compared with Kossan 11 %. I expect Kossan to.close the gap gradually.as it.increase its Nitrile ratio.

Kevin Tam, agreed with your opinion.

With Nitrile utilization at 40 to 50 % whole natural rubber glove at 80 % utilization , it is obvious that Topglove had lost Nitrile market shares to Harta , Kossan and Supermx plus others with high Nitrile Capacities and Nitrile Ratios. Topglove has no choice but has to lower the Nitrile price aggressively to recapture lost mkt shares in the last one year.

"Top Glove awaits demand pickup from Omicron variant" https://themalaysianreserve.com/2021/12/13/top-glove-awaits-demand-pickup-from-omicron-variant/amp/

Moneymakers, you lost twice to me on.supermx PAT. You should have cut off your kuku bird when you lost the bet the first time. I.am still waiting for your 65 s which you have been.singing for months.

IM618, Aiya ,You can still read my article in.other forum like Topglove mah. My bet is only in.supermx forum.

-------------------------
Stock: [SUPERMX]: SUPERMAX CORP BHD

Oct 27, 2021 7:54 PM | Report Abuse

GO , A bet is a bet. It is still.on. Just a reminder in.case you forget . The bet is if supermx price touches 1.32 within 6 months you win. If it touches rm 3 within 6 months I win. I agree with you that if you win, I will not write any comments in supermx forum. If I win , you also. must disappear from.supermx forum. If the price do not hit both my and your prices within.6 months. It is a draw. Agree

Ah pek Charkes T , You are always buttock itchy picking gaduh with me . You started name calling first. I think you are unhappy that I posted the article on actual.Topglove ASP rather than your roadside ASP . You are too.proud to.admit your mistake and started attacking me.

Ah Pek Charles T got this info from.a Chinese.Auntie in.fish.market.
--------------------------------
UlarSawa where you get all those ASP. so high leh. Tipu apa lah. Cannot be so high mah. Who believe still have so high price leh. Data source must be from unidentified sources kah. Correct?



Posted by CharlesT > Dec 12, 2021 11:01 AM | Report Abuse

The China ASP

Sep 2021- 51.31 dolllar
Oct 2021 - 53.14 dolllar

Malaysia ASP

Sep 2021 - 74.07 dollar
Oct 2021 - 67.47 dollar

Seeing this price difference n the recent 80% to 90% plunge in profit of CAreplus of Topglove n yet u still wanna buy glove now for long term I trust u must have iron balls.....

Good.

Based on MQ Research, China glove production.cost is 25 to 35.% higher than Malaysian big glove makers. The cost per 1000 for new glove makers with a few billions capacity per year is 35 to 40 per 1000. With Topglove aggressive price reduction.strategy, those new comers will.lose money followed by China glove makers. With Nitrile price at 25 and rubber glove at 20, the big 4 can still make good money as proven before pandemics but the Chinese glove makers and newbies will turn red. Mergers and Acqusitions will happen then.
-------------++++-----
https://klse.i3investor.com/m/blog/kltrader/2021-11-22-story-h1594587201-MQ_Research_Initiates_Coverage_on_Malaysia_Gloves.jsp

Stupxxd Charles T posted this message below trying.to.misled that Topglove ASPs were higher than China without knowing the details..Only when I posted the article showing Topglove ASP was much lower than China , only then he woke up and now trying to be smart instead of thanking me for showing his ignorance.
Stockraider was obviously.misled by him thinking that Topglove ASP in Oct was 67. The 67 in.OCT was average for all.Malaysian glover makers .
Topglove was already far ahead in price reduction to recapture market share lost to both China and its local competitors.
---------------++++--------------
Posted by CharlesT > Dec 12, 2021 11:01 AM | Report Abuse

The China ASP

Sep 2021- 51.31 dolllar
Oct 2021 - 53.14 dolllar

Malaysia ASP

Sep 2021 - 74.07 dollar
Oct 2021 - 67.47 dollar

Seeing this price difference n the recent 80% to 90% plunge in profit of CAreplus of Topglove n yet u still wanna buy glove now for long term I trust u must have iron balls.....

Good....
12/12/2021 11:35 AM

Pls read the article below on Topglove ASPs . For last qtr ,Topglove ASPs was only 36 to 38 for Nitrile and 28 to 30 for natural rubber gloves. In fact , Topglove was the lowest compared with Supermx 78 , Harta 67 and Kossan 60 weighted average for last qtr. This was one of the key reasons why Topglove PAT was so dissappointingly low. Topglove was using aggressive low pricing to get back its market share which were lost during the one year cbp ban. These pricings were.about 2/3 .of China pricings of 55 in OCT.
I want to clarify that I fo not hold any topglove shares now.
--------------------
https://www.theedgemarkets.com/article/top-glove-expects-10-qoq-sales-volume-boost-higher-us-sales-stockpiling-2q

https://www.theedgemarkets.com/article/top-glove-expects-10-qoq-sales-volume-boost-higher-us-sales-stockpiling-2q

Gloworm, my last two projections on supermx were very close to actual . 1 billion vs 959 millions and 562 millions vs 639 millions. It looks like you have no chance to see my next projection.on.supermx .This could be my last message in this forum if next week hit 1.32.
--------------------
GlovesOff siao2 come project spmx next Q before you're muted at 1.32

show us your kindergarten math
10/12/2021 9:41 PM

I have sold all my.Topglove Harta and Kossan on Dec 1 2021.
-------------------------
Stock: [SUPERMX]: SUPERMAX CORP BHD

Dec 1, 2021 5:05 PM | Report Abuse

IM168, i sold.all.my harta, toppglove and.kossan and keep my supermx. Nett nett still.lose money.

-----------
investmalaysia618 @pjseow, are you still doing well?
01/12/2021 4:42 PM

MM , taking up my challenge ? Your 300 millions TG profit is still 3x of average prepandemic profit of 93 million per qtr.

------------------------
MoneyMakers Wait limit down if tomorrow TG profit left 300Mil (prepandemic level)
09/12/2021 1:37 PM

MM , Want to bet with me on TG coming PAT ? I projected around 600 mil . What is your projection? Below 300 million?
TG FY 2019 prepandemic full year profit was 371 millions. Average per qtr was 93 millions.

----------++++++-------------
MoneyMakers Even 400Mil TG profit bad alrdy..if left 200Mil (below prepandemic level) + low div 2/3sen str8 limit down
08/12/2021 4:39 PM

With 1.30 cash in.hand ,before it touches 1.32, supermx will sbb already.
Lets wait and see. Dont be too happy first.
------------------
GlovesOff haha pjseow ready change id ? 1.32 incoming
07/12/2021 8:41 PM

"Next pandemic could be more lethal: AstraZeneca vaccine creator | Coronavirus pandemic News | Al Jazeera" https://www.aljazeera.com/amp/news/2021/12/6/next-pandemic-could-be-more-lethal-astrazeneca-vaccine-creator

Bankers seldom lend money to new start ups like EV battery which are.very risky. Success rate for new technology start up is less than 10 %. Only VC or Venture capitalists will.fund new start ups. Funding is not lending which has a fixed return whereas VC funding involve buying up shares of new start ups. Founder of Grab Anthony Tan only hold 2.2 % of Grab shares today. A big chunk of his shares go to VC s. Normal Bankers prefer to lend money to more stable and predictable businesses .

--------------------++++--------------
monetary very simple lar..... 1 rich man intended to borrow money from bank to invest in rice business. another poor man invented EV battery pack also goes to the same bank to borrow money to set up EV battery production line. U as a banker lend money to which candidate?
07/12/2021 5:25 PM

It depends on how you define Severity or Seriousness. In the context of Covid 19 infections, Severity means Shortness of breath , Coughing and Finally Unable to breath which require Ventilators or deaths. As for HIV infections, there is no symptoms for months and appear to be.not serious or severe but the HIV virus will gradually destroy your immuned system . You will be easily get infected with viruses and bacteria until you develop.AIDS. In my opinion, HIV infections are considered.severed even though there ate no symptoms initially . Before effective antiviral drugs are developed , contracting.HIV.is like having a death sentence. Scientists and Virologists still do not know how Omicron Variant will affect human bodies until further.data are collected. Peoples are still fearful.


-------------------
Sepolcmd Why they so panic if not serious ?
05/12/2021 12:51 PM

"Omicron in the US: How the new COVID variant is different from delta - CNET" https://www.cnet.com/google-amp/news/omicron-in-the-us-how-the-new-covid-variant-is-different-from-delta/

"A Variant Hunter on Omicron’s ‘Tectonic Shift’" https://nymag.com/intelligencer/amp/2021/12/a-variant-hunter-on-omicrons-tectonic-shift.html

Will CBP ban Nike.? US hypocrisy and dpuble standards.

---------------
"Nike, Patagonia, C&A named in Dutch criminal filing on Chinese forced labour in Xinjiang | South China Morning Post" https://amp.scmp.com/news/china/article/3158093/nike-patagonia-ca-named-dutch-criminal-filing-chinese-forced-labour

Supermx gloves still.selling good prizes last qtr. Otherwise how to.get ASP of US 78 and still.make 639 millions in just one qtr. Supermx nett margin.was still high at 44 % last qtr. Supermx selling with its own.brand directly to final customers still has good ASP lah.
--------------------
GlovesOff Typical sore glove losers. I burn for you la what brand of gloves you want since now all so cheap

Aiya, I already told you I win first set in 2020 and lost second set this year mah . Will.play rubber set in 2022. Target to.win with 1,2,3,4 . Dont forget our bet ya.

------------------
GlovesOff So much work, for so long still NETT NETT LOSE MONEY

Bad Omen, GO maggot just crawl out from his burial plot . Early morning Can smell the irritating and pungent maggot s vomit already.

Fujisnow, I.may be wrong in.my judgement. To some, they may sell supermx but keep the other 3 because supermx is banned by CBP.
There are 8 reasons why I.keep supermx.

1. Supermx has big cash.piles which enable it to pay more than 10 % DY for the next 3 years .
2. Supermx PE is still the lowest.among the 4.
3. I Believe supermx is able to solve the "forced labour " issue within a year .
4. Supermx had announced sbb of 10% of its shares and will do it immediately after it get its approval. It has the cash.to do sbb .If indeed it do sbb at 10 % and then distribute the shares back to all shareholders, it is equivalent to get another 10 % of dividend yield.
5. Supermx.exdate for 5 sen dividend will.go ex in.next few days. The 1 to 30 bonus ahares will also go ex in next few days. Pls take note that supermx did not announce any cash dividend in.Q1FY2021.
6. I.believe the per capita usage of gloves in developing countries will.grow exponentially from less than 30 to 100 making supermx less dependent on US markets.
7. Supermx OBM.Model still.enable it to have higher ASP s than others. The last. qtr.ASP.is still.as high as.US 78 despite all the hoo ha about ASP coming down. Supermx s 58 % of its business sell.direct to final customers.
8. Supermx last qtr profit of 639 millions is still 20x of prepandemic.profit.

OK. Enough of reasoning. Glove haters will complain about my long essay again.

Disclaimer. This is.strictly my opinion .not a.buy or sell call.

IM168, i sold.all.my harta, toppglove and.kossan and keep my supermx. Nett nett still.lose money.

-----------
investmalaysia618 @pjseow, are you still doing well?
01/12/2021 4:42 PM