Dont really like the significant revenue drop, however looking at the bright side, even with 177m revenue, the cost of producing gloves and operation is so low... With higher revenue, profit margin will be good..
Insider news.. Since Supermax WRO being uplifted CBP, Supermax global sales team has started to travel to US & Europe actively. How I know? Because so happen that one of my facebook friend is from Supermax sales team, and recently this two month I saw that fren is always on business trip (i.e. Netherland, Germany, Canada, US....etc)
So, expected that Supermax revenue will be increase on Q4'23 and Q1'24
1) Q2'23 - Revenue RM175mil, loss RM108mil 2) Q3'23 - Revenue RM175mil, loss RM40mil 3) Q1'24 - Revenue RM175mil, loss RM2mil
With the same amount of revenue, the loss has reduced substantially. It mean, Supermax cost efficiency has improve a lot, even though with such a low plant utilisation, still can maintain breakeven performance.
Demand is down, manufacturing plants have downscaled as current factories have undermanufactured by almost 50%, and market share volume is down. doesn't matter if efficiency increases if total market VOLUME is down. you think competition will just lie there and let you eat for free
Hahaha, yilonma, you are the one who nitpick. We are old investor, more than 20 years in market, we have been watching Supermax grow since its IPO. We see how it grow, how it overcome crisis, how it earn 3-4 billion a year, how it loss hundred million a year.
From high of 1.06 yesterday to 93c today.....Private Jet seen landed at Swiss Alps for skiing holidays......the villages there are fantastic....you should try it........ooppsss... you have donated for their holidays!
yes crisis is a blessing, every 3/4 years, enter and ride the wave, do this every cycle... :) always got chance...
Albukhary Hahaha, yilonma, you are the one who nitpick. We are old investor, more than 20 years in market, we have been watching Supermax grow since its IPO. We see how it grow, how it overcome crisis, how it earn 3-4 billion a year, how it loss hundred million a year.
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....