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

Posted by flatso > 2023-03-22 10:28 | Report Abuse

Washing machine 嘻唰唰嘻唰唰

Posted by Timercheng > 2023-03-23 09:07 | Report Abuse

Operators short down

Posted by Anaconder > 2023-03-23 09:09 | Report Abuse

Let join the operators

Posted by RockerArm > 2023-03-23 09:12 | Report Abuse

Game over

Posted by Investor126 > 2023-03-23 09:54 | Report Abuse

RM1? You will not see it anymore until the next QR.
Even with the upcoming QR issued, the chance to hit RM1 is still low. Be wary of this typical trap.

Posted by nicky > 2023-03-24 11:03 | Report Abuse

All glove counters rebound so fast except this one.....

Posted by myinvestor > 2023-03-27 22:03 | Report Abuse

maxter healthcare inc.
https://www.maxter-glove.com/

Posted by Timercheng > 2023-03-31 09:49 | Report Abuse

Will it drop below 90sen--

Posted by Jason85 > 2023-04-06 00:09 | Report Abuse

Look like consolidating and once break RM1 will be target RM1.1

Posted by 5231428 > 2023-04-07 11:48 | Report Abuse

Supermax should be higher than top glove.

Posted by 5231428 > 2023-04-07 12:12 | Report Abuse

For sure coming very soon.

Posted by dompeilee > 2023-04-07 15:10 | Report Abuse

Shorties who made a bundle in 2022 have been continuously SMASHED in the last few weeks shorting glove stocks LOLLLLL!!!

Posted by Jnlee > 2023-04-07 16:00 | Report Abuse

supermax have 2613 million cash

Posted by Jnlee > 2023-04-07 16:00 | Report Abuse

go...go

Posted by Jokers2020 > 2023-04-07 16:21 | Report Abuse

supermx still below rm1 and tg,harta,kossan all above rm1..hope next week supermx turn

Posted by Jokers2020 > 2023-04-10 10:44 | Report Abuse

yes supermx break 1.00..go go catchup on tg n kossan

Posted by zoizai > 2023-04-10 12:07 | Report Abuse

Take profit and buy aimflex now. Cheapest automation stock

Posted by Icon 888 > 2023-04-10 12:52 | Report Abuse

Last push By operator.. DUN catch ticket from operator

Posted by dompeilee > 2023-04-10 19:41 | Report Abuse

Shorties who don't study charts are set to be slaughtered further in the coming weeks...

Posted by Easyguy > 2023-04-10 21:41 | Report Abuse

I think tomolo still can goes up

Posted by dompeilee > 2023-04-11 17:16 | Report Abuse

Any shorties made $ here today? LOL

Posted by Bullkobear > 2023-04-11 23:11 | Report Abuse

Solid and steady moving north

Posted by 2020covid19 > 2023-04-12 08:26 | Report Abuse

shorties could be having tons of hitam$$$ to wash? so they don't bother charts la

Posted by NatsukoMishima > 2023-04-12 11:54 | Report Abuse

Drop 3.5% only small matter lah , why not let it drop 30% one day , all the glove tards who still dreaming in 2020 glove frenzy are very rich n can tahan even drop 80 % more !

Posted by NatsukoMishima > 2023-04-12 11:57 | Report Abuse

Wait n see how big losses in US factory then u will know the real value of glove stock , now even US local government purchase healthcare products from China e-com TEMU , amazon also surrender later !

Posted by dompeilee > 2023-04-12 15:55 | Report Abuse

Any shorties made $ here today? LOL

Posted by 2020covid19 > 2023-04-12 15:59 | Report Abuse

ada kut

Posted by dompeilee > 2023-04-12 17:04 | Report Abuse

I think the shorties like the crazy jap expected it to drop at least 12 c lol

Posted by NatsukoMishima > 2023-04-12 22:57 | Report Abuse

Tomorrow onwards tech stocks show ! Glove stocks balik kampung !

Posted by dompeilee > 2023-04-13 10:19 | Report Abuse

Keep shorting, shorties! More fuel for the price to go up eventually :)

Posted by Investor126 > 2023-04-13 11:45 | Report Abuse

One man's meat is another man's poison. Different people may have different view. Just support if you find it undervalued.
In my honest opinion, more than RM1 is overvalued.
If so good, why not short squeeze? Without any support, it is just a matter of time to bounce back to it's origin.

Posted by velanr > 2023-04-13 17:03 | Report Abuse

https://www.freemalaysiatoday.com/category/highlight/2023/04/13/a-renaissance-or-a-false-dawn-for-malaysian-glove-makers/

Posted by velanr > 2023-04-13 17:06 | Report Abuse

i think I will sell all tomorrow

Posted by Investor126 > 2023-04-14 09:50 | Report Abuse

Be it fundamental or technical, none will be favorable to this counter. Even six months down the road too. Anything you could think of, bankers had long thought of it. For those who stuck high above, you got to find ways out.

Posted by NatsukoMishima > 2023-04-14 12:42 | Report Abuse

U never learnt lesson in glove stocks still stubborn when the story end , the persons who still buy call in glove stocks are those ignored JPM 1st warning in 2021 n stuck above rm 4 , pls lah dont bring other people to holland with you since u already suffered huge losses cant unlock !

Posted by myinvestor > 2023-04-14 17:05 | Report Abuse

Supermax Corporation Bhd is urging its former migrant employees to apply for reimbursement of any fees paid to obtain employment at the company, to complete the transformation of its labour policies. It continues to conduct an outreach campaign in its effort to follow up on earlier efforts implemented in Nepal and Bangladesh, asking that former workers who paid recruitment fees to obtain employment be reimbursed. (The Edge)

Posted by NatsukoMishima > 2023-04-15 01:05 | Report Abuse

Still banned by US CBP ! forget already !

Posted by myinvestor > 2023-04-17 10:27 | Report Abuse

Whether cbp lifted he wro or not , Supermax US factory is going opening in 3rd quarter and 100% US made. The Supermax facility in Texas will cater to at least 10-15% of annual medical nitrile glove in US in next 2 years.

Posted by Investor126 > 2023-04-17 10:49 | Report Abuse

Whether one believe it or not, Supermax's Texas factory in the near future (estimated 3years) will not be brightful. Perhaps you can see it from the upcoming QR.