Reference is made to The Star article titled “Canada terminates contract with Supermax” which appeared on 19 January 2022.
The Company wishes to confirm that the Supermax Group’s Canadian subsidiary, Supermax Healthcare Canada Inc, has indeed agreed to terminate by mutual consent with the Federal Government of Canada the 2 existing contracts for the supply of nitrile gloves. The remaining balance of these 2 contracts at FOB value is US$ 12.67 million or under 0.8% of the Group’s revenue. The Group’s Canadian unit’s contracts for other Personal Protective Equipment (PPE) products remain in place and are not affected.
The Supermax Group wishes to reiterate that it had embarked on its undertaking to meet the International Labour Organisation (ILO) standards on migrant workers since 2019. The Group has been implementing many improvements and upgrades to improve its workers’ welfare in stages and has taken steps to speed up the process in order to meet the ILO standards in good time.
only 0.8% group revenue affected..and they are not banned in Canada, just remaining balance gloves supply for Canada government has been terminated, other contracts with PPE are still ongoing, once this labour issue is solved sure Canada government will re-sign the contract
Supermax US CBP ban since October is the most negative news and needs to be settled as soon as possible...Next month QR will not be good as predicted by analysts
RM1 or lower maybe. No one knows.. The company should be proactive in tackling this kind of issue, but never. Slow reaction ended up screwed up. Bravo.. This led to Supermax die hard fans to accumulate low now, but still need to think twice before pressing the buy button.
1.20 could reach anytime today. About 5.5% cut from the previous new low of 1.27. Down trend plus no support. Funds do not want to buy. Supermax do not want to buy. Retailers been buying this cocked up counter.
Must thank sharks for pressing price so I can buy cheap cheap. I don't know when price will go back up but I do know each q profits will still be hundred of millions hahaha.
monetary: company that not able to earn rm 3.5 billion ...you dream they can earn rm 3.5 billion...... company ady earn rm 3.5 billion , you said the cash will gone..... i think your life must be very difficult..... let me tell you one thing, later the sky will drop to group ....and the sun will hit earth ..... believe me...
this is how market play.. just HODL la.. if u cannot hold just sell and wait and wait..bursa is not a gambling place lah..or u can buy from breakout if u scare to buy now.. hehe
They been shouting undervalue since rm4,5. especially pjseow and toneefa. one come up with long articles and another one keep saying good write up. now RM1.2. where got face hahahaha delete account lo
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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....
tahong
536 posts
Posted by tahong > 2022-01-20 15:45 | Report Abuse
Don't play with fire