Supermax QR end of this month will be worse than previous QR profits RM40+ millions due to US CBP ban, depressed ASP price, higher costs e.g salary and logistics
Yes, why benefits the shareholder other than own pocket? Sure must find way to syphon those monies out. Ask your self this question if you are a late comer after this pandemic. Since when one benefited from glove counter? In what form? Dividend? Dividend also cannot cover your losing. Furthermore, dividends were only given lately after glove came down from it's peak. Many will deny the logic sense, but your money been trapping inside could have used somewhere else.
SBB provides assurance to investors that company is solid and price is undervalue. Last qtr results released by UG Healthcare (OBM company) shown revenues and profits increased qoq. Supermax should be the same?
KUALA LUMPUR (May 20): The UK High Court had on Wednesday (May 18) allowed a case against the UK government to proceed for its continued use of gloves manufactured by Supermax Corp Bhd due to forced labour allegations against the Malaysian company, legal news and commentary website Jurist reported.
"In December 2021, the UK awarded a contract to Supermax to supply the National Health Service (NHS) with disposable gloves.
"All the Citizens, represented by UK law firm, Wilson Solicitors, is suing the government for continuing its relationship with the Malaysian company, despite an investigation uncovering allegations of forced labour in Supermax’s factories,” Jurist reported on Thursday (May 19).
I thought the alleged labour abuse has been clarified and settled and no longer an issue by now. Why out of the sudden you get this kind of unexpected event?
When we tell people the shares of this company was overvalued one year ago, there is always a reason why we came into this conclusion. Those who refused to listen, congratulations on this expensive lesson.
Price still above pre-covid... before covid was 70 cents, but now earnings lower than 2019. This one... GG... will drop to 70 cents or lower, that is the support line.
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....
Posted by NatsukoMishima > 2022-05-11 16:40 | Report Abuse
64 sens price tag for lelong !