Posted by myinvestor > 2023-02-10 09:37 | Report Abuse

https://www.theedgemarkets.com/node/654544

Posted by newbie8080 > 2023-02-10 12:33 | Report Abuse

@myinvestor

I'm referring to Supermax healthcare ltd Uk opening new distribution center in Eu.

Posted by myinvestor > 2023-02-10 13:03 | Report Abuse

@newbie8080
here is the link.
https://www.aureliagloves.co.uk/blog-articles/99-operational-expansion-the-netherlands

Posted by Endgame > 2023-02-11 09:00 | Report Abuse

Breaking news: Analyst expected to see higher loss bottom line for coming QR released. The higher cost from energy bill and labor cost plus the weak ASP will added the burden to the bottom line performance in last year. Nevertheless, 2023 will be a turnaround for Supermax from the cost cutting resulted from automation and improving ASP. Analyst continued to stand a SELL (target 0.50) call until the business environment turned into positive.

Posted by Investor126 > 2023-02-14 10:35 | Report Abuse

Do not waste money to collect this counter. It will not move up but down more.

Posted by Timercheng > 2023-02-14 11:02 | Report Abuse

Cheap must accumulate more lol! folks

Posted by tahong > 2023-02-14 11:05 | Report Abuse

Got more than 3B in the Balance sheet, so don't worry , buy

Posted by Endgame > 2023-02-14 11:41 | Report Abuse

Breaking news: Local institutions investment funds expected the upcoming Supermx
QR will see a bigger loss compared with previous quarters. Advised strong sell with target price 0.50

Posted by SamanthaNg > 2023-02-14 16:28 | Report Abuse

Shorties detected. Hehe

Posted by Anaconder > 2023-02-16 12:27 | Report Abuse

Look like coming , hoot lah!

Posted by Endgame > 2023-02-16 18:46 | Report Abuse

108k huge loss...who kena trap today?

Posted by pang72 > 2023-02-16 18:49 | Report Abuse

QR - 4c
How come insider didn't sell but up today?

Posted by pang72 > 2023-02-16 18:51 | Report Abuse

Obviously, pump and dump today

Posted by BursaVulture > 2023-02-16 19:06 | Report Abuse

@Endgame

Not 108K, it is 108,000K. It is millions, not thousand.

Posted by ivanlau > 2023-02-16 19:09 | Report Abuse

Tomorrow will gap down 5 %, good luck guys......

Posted by Endgame > 2023-02-16 20:06 | Report Abuse

Yaya, 108 mil loss, warning already give, who run today have a nice sleep

Posted by Wiwi82 > 2023-02-16 20:11 | Report Abuse

Making loss so no windfall tax liao.

Posted by gohkimhock > 2023-02-16 20:19 | Report Abuse

Glove counters have become junk stock now..

Posted by observatory > 2023-02-16 20:30 | Report Abuse

Comparison of quarter ending Dec 22 versus Dec 19 (which is the "normal" just before pandemic):
Revenue: RM175m now, RM385m then (only 45% of "normal")
Operating loss of RM100m now, operating profit of RM47m then

Compare against Kossan, which also released results today, at least Kossan is making a small operating profit.

The only bright spot for Supermax is the RM2.5 billion net cash could sustain bleeding for many years to come, assuming that it doesn't squander the money in its US dream.

There lies the problem for glove industries. All big players except Top Glove have ample cash. Intco Medical in China has even more cash. If they don't actively trim capacity, and just one of them harbours the dream to win market share, the price war could go on for a long time!

Posted by BursaVulture > 2023-02-16 20:43 | Report Abuse

topglove boss went kuku with the sudden windfall. crazy dividends and share buybacks... he still thinks TG will be profitable in a few quarters... i think this is a long long battle as most glove companies are cash rich, can fight till last man standing. TG... TG naked now.

Posted by davidkkw79 > 2023-02-16 21:11 | Report Abuse

Moooon ! Moon to longgang !!!
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3328289

Posted by mf > 2023-02-16 21:43 | Report Abuse

Quarter Result

Quarter Result on 31-Dec-2022[#2] QoQ - -1,992.61% YoY - -325.89%.

Posted by Raymond Tiruchelvam > 2023-02-17 03:05 | Report Abuse

RM108m loss vs RM3billion in cash holding...... how?

Posted by Good123 > 2023-02-17 06:19 | Report Abuse

Nosedive today

Posted by Ron90 > 2023-02-17 09:03 | Report Abuse

lari.. they should start selling assets and trim down company to pre-covid era la..

Posted by Investor126 > 2023-02-17 09:21 | Report Abuse

Many here been telling not to collect after 2020, but still got naive people who refused to listen and call buy. Now this "impressive" QR will let you jaw drop even more. Be prepared to stuck forever.

Posted by troy88 > 2023-02-17 09:39 | Report Abuse

My goodness. The star stock of 2020 now become 100M net loss company. Good luck

Posted by TATA > 2023-02-17 10:04 | Report Abuse

Bad result now, don’t collect now, let it go lower and lower to 0.50….

Posted by Endgame > 2023-02-17 10:45 | Report Abuse

Breaking news: Supermx key stakeholder potentially proposed to acquire one of the profitable Electronic Vehicle (EV) company from excess internal funds.

Posted by mf > 2023-02-17 15:32 | Report Abuse

US 30 33,603.9 -93.0 -0.28%
US 500 4,072.0 -18.4 -0.45%
Dow Jones 33,696.85 -431.20 -1.26%
S&P 500 4,090.41 -57.19 -1.38%
Nasdaq 11,855.83 -214.76 -1.78%

Posted by valueinvestor33 > 2023-02-17 18:42 | Report Abuse

HaHa…EV or AV

Posted by Endgame > 2023-02-18 13:49 | Report Abuse

Breaking news: Supermax to close down some cost inefficient plants and relocate to more efficient automated production plant to improve the bottom line cost performance. Analyst expected with this cost reduction activity, Supermax expected able to cushion the rising cost impact and low
ASP. Analyst expected likely with this exercise, Supermax able to reach break even performance.

Posted by Endgame > 2023-02-18 15:15 | Report Abuse

Breaking news: Earnings adjustments. We forecast an FY23F core loss of MYR120m from a profit of MYR33m to account for lower effective capacity, lower utilisation rates, and a weaker USD.
SELL with higher MYR0.62 TP after tweaking our DCF assumptions. Our TP implies 0.3x FY24F P/B, against its pre-COVID-19 historical mean of 1.6x. We think SUCB’s previous aggressive expansion plans and OBM business model (typically carries high fixed costs) could be detrimental to its efforts to streamline its cost. Key risks: Higher-than-expected sales volumes, stronger- than-expected USD/ MYR, and lower-than-expected raw material prices.

Posted by BursaSentinel20 > 2023-02-20 18:28 | Report Abuse

XD

Posted by EatCoconutCanWin > 2023-02-20 18:51 | Report Abuse

Lol

Posted by foreverchung > 2023-02-20 19:10 | Report Abuse

Impressive loss rather, it seems that Malaysia will slowly lose out to bigger fighters over at the mainland. Topglov next to go?

Posted by idunwork > 2023-02-20 19:23 | Report Abuse

Gloves are cutting each others throats !

Posted by flatso > 2023-02-21 14:10 | Report Abuse

Boss can buy boats now! Congrats!

Posted by Oldbird900 > 2023-02-21 16:44 | Report Abuse

KUALA LUMPUR (Feb 9): The US Customs and Border Protection (CBP) has modified the withhold release order (WRO) against imports of synthetic disposable gloves manufactured by YTY Group....

The agency announced on Wednesday (Feb 8) that shipments from YTY Group, which had been banned since a year ago due to forced labour allegations, will be allowed to enter the US effective immediately.

“Since the implementation of the WRO, YTY Group has taken numerous actions to remediate forced labour indicators within its manufacturing process and employee housing facilities,” the CBP said in a statement.

Posted by mf > 2023-02-21 21:22 | Report Abuse

Ukraine war live updates: Putin suspends nuclear arms treaty with U.S.; hits out at oligarch traitors
Karen Gilchrist
This is CNBC’s live blog tracking developments on the war in Ukraine. See below for the latest updates.

Posted by Wealthy99 > 2023-02-21 21:30 | Report Abuse

glove sector may need at least 3-5 more years before sunshine, my thought which plugged from sky

Posted by Investor126 > 2023-02-22 09:13 | Report Abuse

Once again, if you refer back the history, you may know if this counter worth to buy or not.
For me, as simple as ABC, the management has never been proactive in handling certain issue is already a big mistake. And more to come too.

Posted by Endgame > 2023-02-22 19:06 | Report Abuse

Breaking news: Local institutions funds continue short Supermx with the expectation Supermx will not able to recover the business within this year due to prolonged low ASP

Posted by amateurJR > 2023-02-25 22:42 | Report Abuse

haha superman lost his underwear liao

Posted by Habisgl0v3333 > 2023-02-27 10:24 | Report Abuse

Lol investor126 still here. Me and him are true fighters. We fought bull well together

Posted by Habisgl0v3333 > 2023-02-27 10:25 | Report Abuse

Up until now my main account habisglove still banned. U can see admin won't admit their wrongdoing even though we r right

Posted by amateurJR > 2023-02-27 16:10 | Report Abuse

Haha glovetards still alive?

Posted by myinvestor > 2023-03-02 11:19 | Report Abuse

Supermax ODM can sub the gloves manufacturing to China companies to produce the gloves for them under their brand name bc of lower cost. The cost saving from manufacturing are able to provide more competitive price to the Europe and US market.

Posted by Jason85 > 2023-03-02 14:39 | Report Abuse

Management shall do something already in view of this.

Posted by calvintaneng > 2023-03-02 22:42 | Report Abuse

Sell for these reasons

China in HUGE GLUT OF GLOVE OVER PRODUCTION

Vaccine knocked off Covid 19

High Crude oil prices caused HIGH COST

High Cost. Fierce Price War. Total Glut

Will go down another one two years

Later might as you for money by Rights Issue

Better buy TSH, THPLANT, BPLANT OR JTIASA

ALL THESE EARNING LOTS OF $$$

WILL GIVE YOU GOOD DIVIDENDS