supermx QR not meeting expectation ba....and go read up the press release of supermx, much more thing to see and i feel more honesty than Harta QR yesterday
KL will be under MCO fr 7th May. Covid numbers increased to 3700. Chances of Covid new cases hitting pass 4k or even 5k for the coming weeks will be very high. The sentiment for recovery counters will be very bad for the coming days. So guys, hold on for your gloves. I'm glad that I topped up 2 rounds today. Tomorrow will be glove day. Cheers
Although spot prices have dropped, the volume of sales have increased to counter the drop due increase in demand. That's why PAT is still maintaining at 1B. Infact if not for the shut down of the Meru plant and 400M in inventory due shipping container shortage, PAT would be much higher above market expectation.
So all in all, good performance and excellent PAT compared to any other company in Malaysia or anywhere in the world.
AS for future performance, look at its potential. Top Glove already banned from US. China is not in good books with the US. So Supermax is the only major glove manufacturer to tap that 25 Billion annual glove supply in the US. Especially when they have manufacturing plant in the US itself.
Covid 19 is here to stay. World numbers in new vases are increasing. Glove demand will continue to surge. New players will find it difficult to compete with the big 4 or 5.
So future PAT will continue to remain. Also Supermax has ventured heavily into masks as well.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
sc4lper
97 posts
Posted by sc4lper > 2021-05-05 16:42 | Report Abuse
better cut loss. dont wait unless got more money to average down