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

Posted by myinvestor > 2023-03-03 09:04 | Report Abuse

Posted by Jason85 > 18 hours ago | Report Abuse

Management shall do something already in view of this.

In fact, supermax had already sub glove manufacturing to Blue sail china, Intco, to produce nitrile gloves for them under aurelia brand.
Blue sail china. export data.
73996 AURELIA BOLD NITRILE PF 5MIL FULL TEXTU RE BLACK S 73997 AURELIA BOLD NITRILE PF 5MIL FULL TEXTURE BLACK M

Posted by NatsukoMishima > 2023-03-11 00:16 | Report Abuse

Welcome Lehmann brothers crisis 2.0 ! All gamblers will be bankrupt in 2023 ! What a good show ! Enjoy all !

Posted by Income > 2023-03-11 00:54 | Report Abuse

https://www.facebook.com/reel/555841903067013?mibextid=0NULKw&fs=e&s=TIeQ9V

Posted by mf > 2023-03-11 04:03 | Report Abuse

Dow Jones

Dow Jones Industrial Average

31,980.75

-274.11

0.84%

Nasdaq

NASDAQ Composite

11,172.58

-165.77

1.46%

Posted by looiting > 2023-03-15 12:07 | Report Abuse

TIG - The Investment Gents 中文 is back on Facebook. Change their websites but faces still the same. Gloves is still in longkang

Posted by yiqqre > 2023-03-17 08:45 | Report Abuse

顶级手套亏损未恶化 手套股逆市大涨
Sinchew Thu, Mar 16, 2023 09:03pm - 11 hours


（吉隆坡16日讯）顶级手套（TOPGLOV,7113,主板医疗保健组）业绩亏损并未如市场预期般进一步扩大，并表示将上调手套平均售价，市场认为手套平均售价已触底，而处在低股价水平的手套股也大获投资者追捧，使得手套股在马股逆市中掀起“涨风”。

Areca资本首席执行员黄德明在接受《星洲日报》电话访问时指出，虽然顶级手套业绩持续报亏损，但并非如市场预期般进一步扩大，公司也表示将上调手套股平均售价，这意味着手套平均价格已经见底，之后会出现回弹。

另外，在过去一两个月内，中国手套制造商已上调了手套售价，因此大马与中国手套的售价差距减少，为大马手套商提供了调整售价的空间。

“还有就是整个市场情绪，大家都在找寻股价已经见底的股项，像是之前跌了很多的手套股，价格是相对便宜的。”

Posted by Long George > 2023-03-19 13:14 | Report Abuse

Make Gloves Great Again: Look Forward
Many are asking - why glove stocks are running after reporting huge losses. Simple, because stock market looks forward, not backwards, not even at the present. Usually, most take a 12-month view. Remember Mar-Apr 2020? Many stocks tumbled 50-70% as funds panicked and rushed to sell out holdings, especially tech stocks. On the other hand, retailers believed that although earnings outlook for stocks might be very bad for the next few quarters, but share price has fallen too much. They believed if they invest and hold their nose for 12 months, the outlook will eventually improve, and they could potentially make more than 100%. So they took the bold decision to start buying the stocks way before the stocks turn profitable. Sounds familiar? Let's examine if this is a déjà vu for gloves below:

ASP finally started rising - the one signal the whole market had been waiting for a long time, and now it's here. Harta raised ASP this Feb. Topg has followed suit, and will be raising again in April. Even Chinese players like Intco also said they will start raising in 2Q-3Q this year.

Customers' destocking will end in a few months' time (according to glovemakers), and inventory will go back to normalised level - so no more excess inventory. Once that happens, customers will have to start restocking again. One of the signs was, glove tenders from government and NGOs have stopped for 1.5 years, and recently, Topg saw the tenders coming back from UK, and rising enquiries from other countries. So, if we look forward, glovemakers' utilisation rate/volume could improve.

No more oversupply. All small glovemakers like Mah Sing, Salcon and many Chinese players have exited the market. Semperit also sold its glove business. Not to mention major players like Topg, Intco and Harta have all aborted expansion plans, and in fact, halted a big chunk of their existing capacities.

Costs will likely peak in 1H 2023, and could improve in 2H 2023, because natural gas prices (needed for production) will likely fall in coming months as oil prices have fallen almost 50% from last year's peak. Besides, the worst impact from electricity tariff hike will be effected in 1H 2023. Anwar said "we will only increase tariff for big companies that earn billions of profits". Are glovemakers making billions of profits now? Obviously not. So I believe electricity rates will not rise further for glovemakers in 2H 2023. So, if we look forward, costs could improve.

So how now brown cow? Yes, admittedly things are still not rosy yet right now, but if ASP climbs, volume picks up and cost improves later, doesn't that indicate the worst losses could be over by Mar or Jun 2023 quarter, and things could improve thereafter? So if we look forward and take a 12-month view, can we make more than 100% from gloves this time? I'm not sure, but pre-pandemic, Harta for instance was trading at RM5-7, now it's below RM2. Btw, TOPG, the leader of glove, has just seen MA200 breakout the first time after 2 years.

F China supply. Some may argue, China may spoil market, like steel last time. Consider this difference: more than 50% of steel supply comes from China, whereas only around 20% of glove supply comes from China while Malaysia has 60% market share. So who's the price determinant over the long term? Don't forget, some of their supplies need to go to their own domestic consumption. More importantly, consider ESG - Europe wants to phase out CPO due to ESG issues, and US banned Topg previously due to foreign worker treatment (but lifted it after Topg improved their treatment and resolved it). So what makes u think that these countries would wanna buy from China, which uses environment-killing coal? Not to mention the US-China trade tension now. Why would they prefer Chinese gloves, if glove purchases constitute such a tiny % of hospitals' expenditure? FYI, Europe and US buy 55-60% of gloves produced globally.

To both groups who have bought and have not bought - good luck.

Let's look forward.

Posted by myinvestor > 2023-03-19 16:38 | Report Abuse

Last time when glove companies was still making billion profit, the share price drop like shit. These investors foresee the profit and revenue dropped in next 2 years due to oversupply. Now that 2 years had passed, the same investors foresee that the revenue and profit will back in next 2 years so the share price goes up.

Posted by stncws > 2023-03-21 13:19 | Report Abuse

superman look good to rm1

Posted by 5231428 > 2023-03-21 16:47 | Report Abuse

Always looking forward.

Posted by Hew Kiong Peng George > 2023-03-22 06:25 | Report Abuse

Confirm hit rm1 in 2 weeks time. Haha