Posted by arv18 > 2022-06-18 20:52 | Report Abuse

Problem is it has committed itself to building a loss-making factory in USA (the country blocking its goods) with half that cash, in the midst of a glove glut and sky-high construction and natural gas prices.

Posted by kennyongg > 2022-06-19 16:41 | Report Abuse

Hi sir, not related to Supermx, but how do you post a blog ya? My blog seems to get deleted immediately after posting, need some help!

Posted by Raymond Tiruchelvam > 2022-06-20 22:27 | Report Abuse

arv18... capex for expansion plans are for the future, not for now, t is to anticipate 5 years from now demand and beyond, besides supermax has cash, rather than put in FD better to expand facilities.... as for the article, yes very interesting to see valuation below cash holding, but as you know share price is always forward looking towards earnings.... but since we are in downturn, the forward looking stance is rather short term.... while long term future is bright, the question than remains at what price is a good time to move in ..... yup yup happy hunting