https://theedgemalaysia.com/node/736628
Read the part about CMS very carefully. Supermax will get priority/advantages from US medical glove procurements (payment adjustment schemes)

The Americans knew China has been using back doors to enter their goods into US. It’s a matter of time they will only buy made in USA. So Smax is indeed in the lead positions amongst the big four manufacturers in Msia once they start their US productions. At current price of 0.90 it’s the best time to accumulate.

A more severe variant of covid making a comeback. Australia currently is in winter season and many of my relatives got
covid. Whole household not one or two and more severe compared to previous variants. Taking longer to recover, feeling more sick eg bone aches and headaches. Paris Olympic in summer but higher than normal cases of covid have been reported. What the article below said is atypical (not normal) cause usually you don’t see this many cases during summer. Hence UN is giving warning now because they are expecting more cases coming winter season. Good time to load up on Supermax!!
https://news.un.org/en/story/2024/08/1152866

Ekve’s construction started since 2015 and was expected to be completed in four years time which was 2019. This year is 2024 and I am still waiting!!!. The delays in delivery will continue to increase construction costs and ended up we the consumers will have to pay for them via higher toll price😡

This stock very underrated and undervalued. One of the major world players in thermal insulation used in air conditioning systems. Weather nowadays is very hot, so more aircond are needed and with more data centres opening in Malaysia, more of their materials are required.

Hiaptek moved nearly 10%. Prestar engine about to start. Some of Prestar products are boltless shelving, pallet racking, automated storage and retrieval systems, racking systems and storage equipment

More good news coming for steel. Pre star one of the beneficiaries for government latest move on using local steels in building data centre. Remember lots needed not only for external buildings but the racks used is a lot. https://theedgemalaysia.com/node/717473

You got read the article or not?. Already said it’s holding company, has no material effect on the listed company. From what I see when got such disputes, share prices usually go up due to some parties trying to get majority control.

It’s better to watch the grass grow for companies such as Ytl and ytlp. Still haven’t unlock a lot of business potentials plus Francis Yeoh has a great family succession unlike a lot of other public listed companies with succession problems.

Usually when there is a family tussle, share prices will go up because each party beh song and will try to accumulate from the market to enlarge what they have in order to control the company. More so when the price is way below the nta.

@dragon328 most likely those retailers are speculators. Buy and sell hoping for a quick gain. Not surprised the same retailers who sold cheaper are now chasing to buy on the high.

Prefers YTL rather than YTLPOWER because this mother has shares/pies in every kind of business. The sky is the limit

HLIB actual one is 2.69 and with potential to be higher. They have to give 20% discount with accordance to standard practice

@cwc1981. Pls check your messages

CIMB TP 1.91

I bet 1.70 by end Sept

So will YTL go above 2.00 seeing it’s future prospects?

Sometimes I wonder if buying and selling like Hng33 style is the right way to go especially with stocks such as YTL?. I have been holding since 0.70 and added at 0.90. Reason being it’s a dividend stock plus with economic recovery, Ytl seems to be a big recipient of them - tourism, construction, energy, cement etc. Having stayed in a few of YTL hotels, I have positive vibes about the running of this company. Workers attitude, cleanliness, service all top notched. That’s one of the reasons why I bought into YTL. It’s hard to duplicate such an attitude if a company is run poorly

Hng33 is a risk taker. Play shares like play casino. Really admire his style but not everyone can do it. I recalled he had some major losses playing margin a few years back. Admire his honesty and courage, so always wishing him the best

Going forward, YTL has a lot of positivities. From cement, constructions, energy, tourism etc at 1.10 plus range, where to find?

Covid death reported recently in Sg double up. Don’t think it’s fake news. Can verify from Bloomberg and Sg Straits times
https://www.bloomberg.com/news/articles/2023-05-26/singapore-s-covid-deaths-surged-in-april-even-as-infections-fall?utm_source=website&utm_medium=share&utm_campaign=mobile_web_share

Good!. With such a result, there will be less interest in glove counters leaving them in peace to run their business. RSS and IDSS will shift to overvalued tech stocks since they have more meat to skin.

Time to buy more Smax :)

“Wall Street are turning cautious and are moving into defensive stocks. Health care was the top sector among fund managers for the first time since November 2020. Service industries, tourism and travel are the biggest losers”.
https://edition.cnn.com/2021/08/31/investing/premarket-stocks-trading/index.html

Do you all notice these 2 quarters, the dividends are called "special dividends"?. I believe there should be a final dividend to be announced either in October or November 2021 based on their history. Total so far is about 22%, hence hopefully we may get some bumper final dividend soon.

Bear in mind Smax has been a top supplier to UK NHS for many years even prior to covid. Next tender closing on 31/8/2021 worth UK6B pounds

Source -The Guardian
Wed 28 Jul 2021 18.00 BST
The Department of Health and Social Care has set aside up to £6bn to spend on disposable gloves over the next two years, underlining the huge expense of continuing to supply the NHS with personal protective equipment.

The drive to secure PPE since the onset of the pandemic has led to rocketing prices, accusations of cronyism, and reports of forced labour being used to manufacture the products.

The independent National Audit Office found that the government had budgeted “an unprecedented £15bn of taxpayers’ money” for PPE during 2020-21, during a “chaotic” procurement process.

A “framework agreement”, quietly published by the government online on Friday, suggested that ensuring frontline workers never again go without critical protections is likely to be costly.

It states the value of the two-year contract for “medical examination gloves and surgical gloves” – which could be fulfilled by many different suppliers – is £6bn.
DHSC sources said that figure was a cap, rather than a target, representing the maximum amount that could be spent over the lifetime of the contract.

But the fact that this extraordinary sum is being set aside points to the intense cost pressures the NHS continues to face. Pre-pandemic, the most recent contract for two years’ supply of gloves for the NHS – intended to cover 2020-22 – was worth £300m, a twentieth of the new tender.

About 65% of the world’s disposable gloves are produced in Malaysia, where there have been consistent reports of forced labour being used in factories.

The shadow trade secretary, Emily Thornberry, has written to the health secretary, Sajid Javid, urging him to ensure none of the £6bn is spent with suppliers who mistreat workers.
In a letter seen by the Guardian, Thornberry said: “Throughout the pandemic, concerns have been raised over the alleged use of slave labour to make the hundreds of millions of gloves bought for our hospitals from Malaysia.

“Ministers have ignored repeated warnings and allegations against companies whose factories are still supplying the NHS today.

“Government controls have been exposed over the past two years as at best inadequate, and at worst nonexistent. If you are about to authorise £6bn in new spending on medical gloves over the next two years, surely now is finally the time to put proper controls alongside those contracts and ensure they are not going to suppliers in Malaysia that use slave labour.”

Labour is demanding that potential suppliers list the factories from which the gloves will be sourced, and demonstrate they have been independently audited to show they comply with international standards on slave labour. The tender closes on 31 August.

A government spokesperson said: “Proper due diligence is carried out for all government contracts and all suppliers appointed to our frameworks must comply with the Labour Standards Assurance System, which upholds robust rules to prevent abuses of labour.

“All our suppliers are required to follow the highest legal and ethical standards and if they fail to do so, they are removed from consideration for future contracts.”

The government was criticised last year for continuing to source gloves for the NHS from Top Glove, a Malaysian supplier previously accused of operating “slave-like conditions” in some of its factories. The firm has denied the allegations.

Meanwhile, ministers have faced consistent accusations of cronyism, with many lucrative contracts going to firms boasting close contacts to senior government figures, including the former landlord of Matt Hancock’s local pub, The Cock, who denied profiting from the personal contact.

Government insiders said the publication of the formal tender – likely to be followed by others for critical products – marks the return of a more systematic approach to procurement. But it also signals that the impact of the pandemic on NHS costs is likely to continue. The NHS was given more than £60bn in extra funding in 2020-21 to cope with the pandemic, taking its total budget to more than £212bn.

But some Whitehall officials expect Javid to have to bid for another funding boost before the year is out, as the health service struggles with the backlog in other cases created when the NHS was focused on treating Covid patients.
A report produced for the government last year on the sector suggested the global market for PPE had ballooned by 300-400% as the pandemic hit, driven partly by its widespread use in settings such as workplaces.

I would rather park my money in counters that give constant dividends rather than overvalued tech stocks. For tech stocks, US and HK market have better potentials than Msia. Malaysia stocks that have potential to outperform the market in the next few years would be healthcare, shipping and logistics. Covid is here to stay, that is the reality even with on going vaccinations.

Best time to buy Supermax is now. Don't wait until QR announcement!. They should be announcing the best dividends to date this quarter. Since people said Smax so stingy in giving dividends and other glove counters have been declaring hefty dividends recently, Smax will follow suit.

Genting will continue to drop due to on-going RSS. Buy with this in mind

What is Genting's future, SCIB and is Malaysia a failed state?
https://youtu.be/sRB9arN6lRA

Best counter to buy is Bursa!. Market up or down, lock down or no lockdown, still making hefty profits. Dividends given also one of the best!

Just like the previous MCO 1, all essential services such as hospitals, pharmacies, clinics remain open. Glove is considered as an essential product, hence factories would remain open.

Thank you Ben. Great analysis as usual! I would rather keep Supermax shares for the next 10 years than gambling on penny stocks or those that doesn't have recovery prospects in the next few years. At least I am assured my capital is still there plus getting consistent dividends that is higher than FD.

For the sake of simplicity, lets say esceram close at 0.84 today and esceram-wb at 0.540. On 10/5, coming Mon afterX, mom is 0.800 but son remains the same or may be lower. Lets say bought the son at 0.540+0.200 ( conversion price)= 0.740 is your esceram price. Hence its more logical to buy the son and to convert them. Question is should I convert them now or later?
# Convert now - will enjoy future dividends because Boss did say there would be more dividends coming in and the latest 0.04 may be a good indication of future dividends amount. Another possible advantage to buying mom is if company declares bonus.
# Dont' convert or convert in two years time - got until 19th Oct 2023 to convert and by that time the number of warrants available would have become lesser (premium increase as opposed to current -10%). Mom's price in two years could have become double or may be triple and that will also mean son is just minus 0.200 from the mom's price. RHB recent TP for 2021 is 1.40-1.65, so to expect price to double up in two years is not impossible. At that time, somewhere in the future to sell the son for its capital gains or to convert is still good anyway I see it.

Any other potential stocks which can give consistent dividends, with PE<10 selling at these current price?

This unker the funniest I've ever encounter in i3. Every time after he bought, the share price dropped. After he sold, it went up. As sure as the sun rises from the east, be a contratian is the best approach. I sure am making, all thanks to unker

https://www.channelnewsasia.com/news/singapore/covid-19-cases-imported-community-tan-tock-seng-moh-apr-29-14712050

The doctors and nurses all received Pfizer jabs. Completed the 2 dosages also can get be infected. Question now is which variants? India?

@pjseow..very good analysis..shows you have been following Supermax for quite sometime. There are so many newbies who buy shares without doing much homework and these are the ones that always buy and sell at a loss. If only they buy with convictions and not sway so easily like the wind.

This counter movements mirror gloves. When glove up, luxchem also up. Check last year at the height of glove prices, what was luxchem price?. In terms of potential price increase, luxchem has the potential but it's very slow.

Which part in the article mentioned names such as Smax or Kossan? Don't go around sprouting nonsense with no backings.

Just goes to show this calvin69 is a conman who doesn't know anything about smax. Heard of Smeta/sedex audit?

Tks Ben for another fantastic write up. I always await eagerly for your articles. Also a big thank you to @myinvestor for the link you gave. Confirmed what Ben has been writing about FF being net buyers whilst local retailers and funds are selling. These FF are usually long term holders, hence seeing how they have been mopping up a fantastic company at below rm5 is very telling.

Today RSS 1.3M plus cannot do interstate, you think share price can go up tmr?

Why is EPF continuously selling PBB? They know something we retailers do not knowkah?. Today no RSS, yet price keep dropping, so most probably EPF is disposing again. My theory is maybe they know hedge funds are going to short PBB soon, hence EPF quickly sell 1st. Or coming economic data painting a grim picture eg: unemployment, NPL, FDI and etc ...

Tks Ben for another excellent article. I find your analysis to be unbiased and way better than many paid analysts working in investment houses. If you do not mind, pls do share your other portfolios with me (ehem...via PM). Would love to follow what you buy:)

No point short squeeze the shorters at this current price. Wasting bullets only cause it can go much much lower than current price. PBB price after BI adjustment - Highest 4.97; Lowest 2.51. Current is 4.130. So how low do you think PBB can go when shorting just started? Latest available data from Bursa on the net short position up to 29/1/21, PBB is still not listed. Means still got a lot of rooms for RSS to be done. I wait and see shows :) Meantime got bigger fish to catch

By the time it took me to post, RSS is nearly 1,000,000

EPF keep on disposing. May be their own funds cause it didn't state for SBL purposes. So selling pressure is going to intensify for PBB in coming weeks. RSS for today is 805,100. Guess with bonus issues, PBB NOSH increased to 19.42B making it an easy target for RSS. I have set a lower target to buy, below 3.00 if our current covid situations did not improve, lower OPR, retrenchments or higher unemployment data and increased in NPL.

Keep an eye on TG price in Sgx and US OTC market

TG should proceed with law suits against all these malicious news. If what is written is based on facts and merits, then that is not a problem but there have been many articles written recently that purposely put TG in a bad light. Should they take such a drastic step, it may prevent further unsubstantial allegations from all these vested media.