Supermax Corp Bhd has incorporated a new wholly-owned subsidiary, Maxter Healthcare Inc, in Delaware, US, to manufacture medical gloves and other personal protective equipment.
Maxter Healthcare's intended principal activities include "the building of a national headquarters in the US", according to Supermax's stock exchange filing today.
“The initial paid capital is part of the total allocation of US$550 million capital investment for Medical Glove Plant #18, when both Phase #1 & #2 are completed and commissioned,” it said, but did not elaborate.
The group said the proposed capital investment will be financed through a combination of internal funds and bank borrowings, the ratio of which will be decided later.
A LONG TERM Agreement to supply USA with GLOVES & PPE's.is on the cards.
This Icon8888- .- Certainly not the REAL icon88 we respect.
DS Stanley Thai was happily collecting the cheap tickets via a Share Buyback exercise -8,151,600 shares .
SHARE BUYBACK BY SUPERMAX TODAY IS A PRELUDE TO MORE EXCITING TIMES TO COME ----------------------------------------------------------------------- THE GOOD NEWS MAY BE AS FOLLOWS :-
1- MAY HAVE SECURED A MULTI BILLION CONTRACT WITH THE BIDEN ADMINISTRATION
2- RECORD PAT OF AT LEAST RM1.1 BILLION
3- SG EXCHANGE LISTING PLANS
4- FACTORY IN DELAWARE TO SUPPLY GLOVES & MASKS TO USA STRATEGIC RESERVE
ABOVE ALL - DS STANLEY THAI IS TELLING ALL OF US THAT SUPERMAX IS ABSOLUTELY UNDERVALUED.
BY THE WAY THIS SBB IS REMINISCENT TO THE ONE DONE IN APRIL 2020- WHERE SUPERMAX SHOT UP IMPRESSIVELY. RIGHT AFTER THE SBB .
Even if you assume Supermax cannot increase its selling price for the whole year, its annual EPS should be 4 X 30.58 sen = Rm 1.22 per share. Based on PE 10 its share price should be Rm 12.20. The last traded price was Rm 6.53.
A letter signed by a number of US Senators from the Democratic Party to President Biden regarding utilizing to the fullest the authorities given to him under the Defense Production Act.
In the letter they greatly emphasized the urgent needs of nitrile gloves & call to incentivize “Made in America”
Supermax will be the greatest beneficiary with the move of incentivize “Made in America”. as Supermax in progress of setting up PPE manufacturing plant in the state of Delaware in US. Brilliant move by Dato’ Seri Stanley Thai.
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