Posted by joyvest > 2023-04-25 15:13 | Report Abuse

The company is said to have compromised its ESG policy in the eyes of many investors.

Posted by Havefun > 2023-04-25 15:37 | Report Abuse

No wonder this company share was not moving. Selling gloves but use the money to buy aircraft. How did one justify such purchase in a public listed company? I can’t imagine they manage to do it twice

Posted by Havefun > 2023-04-25 15:55 | Report Abuse

One of the non-executive director is chairman of a aircraft leasing company shown in their 2022 annual report

Posted by Bullkobear > 2023-04-25 16:04 | Report Abuse

Privatisation OTW private jet is not the issues as this is a cash rich company.

Posted by joyvest > 2023-04-25 16:51 | Report Abuse

cash rich is due to the pandemic as a "blessing in disguise" after which it is no longer cash rich but cash stricken given the fact that their profits are reducing quarter by quarter, year in and year out.....

Posted by KML889 > 2023-04-25 18:07 | Report Abuse

1.20 ringgit

Posted by dompeilee > 2023-04-25 18:30 | Report Abuse

The co. bought back 41 mil shrs in the last 3 sessions...

Posted by Thinker > 2023-04-25 18:32 | Report Abuse

How much it is worth if privatisation is done ? I guess may be they want listed in US share market ?

Posted by pang72 > 2023-04-25 21:42 | Report Abuse

Repeat TG mistake of SBB from 9,8,7,6,5 to 3 then rm1..

Posted by pang72 > 2023-04-25 21:43 | Report Abuse

Spend money buy private jet better than losing money for SBB.

Posted by Bon888 > 2023-04-25 22:34 | Report Abuse

Producing products with thin margin, using so many manpower and natural resources but old Thai simply use the cash to buy private jet. How many tonnes of gloves produced and converted to his private jet? How the low level employees think about this management?

Posted by CHHu > 2023-04-26 03:58 | Report Abuse

Still many many uncle shareholders defend old Thai decision and insult Cecile lol. She did the right thing tough

Posted by ykloh > 2023-04-26 05:12 | Report Abuse

believe plane was bought when time was much better for Supermx

Posted by ykloh > 2023-04-26 05:14 | Report Abuse

in any event wrong for Cecile to bring issue to the public domain

Posted by Havefun > 2023-04-26 08:44 | Report Abuse

Was the 2nd aircraft bought already in 2022?

Posted by nicholas99 > 2023-04-26 08:49 | Report Abuse

wah.. boss jumped the gun already?

Posted by nicholas99 > 2023-04-26 08:50 | Report Abuse

every billionaire who bought a jet already knew its a piece of depreciated asset. its like car. but it lose value faster than car. lol.

Posted by alenac > 2023-04-26 08:57 | Report Abuse

Good article on accountability and corporate governance, too often CEO or owner of companies ignore their responsibility to the shareholders and treat their companies like the neighbourhood sundry shop. Let the share price drop to the bottom.
https://www.freemalaysiatoday.com/category/opinion/2023/04/25/thai-vs-thai-supermaxs-boardroom-saga-raises-huge-red-flag/

Posted by myinvestor > 2023-04-26 09:01 | Report Abuse

https://www.youtube.com/watch?v=dr3RwZQVgYg
Too many family members in board of director is not good governance in a company. Overlapping roles will waste in management. According to Stanley the removing his daughter is not bc of propose aircraft.

Posted by willc48 > 2023-04-26 09:31 | Report Abuse

daughter too young despite 35 to be in board. this is the problem with gen Y.

Posted by alenac > 2023-04-26 09:33 | Report Abuse

Stanley can say anything he likes as he controls the BOD through his stake in the company. Buying 2 planes within 2 years is a crazy decision when the business is in a downturn. More of mismanagement. Moreover, Stanley had a record of insider trading as well, even though the court found him not guilty. The question is can you trust the owner from past events and records to buy Supermax? I won't be surprised if funds start to shy from covering Supermax. Already they are underweight on Supermax.
myinvestor
https://www.youtube.com/watch?v=dr3RwZQVgYg
Too many family members in board of director is not good governance in a company. Overlapping roles will waste in management. According to Stanley the removing his daughter is not bc of propose aircraft.
https://www.theedgemarkets.com/article/high-court-overturns-guilty-verdict-stanley-thais-insider-trading-case
3 minutes ago

4 seconds ago

6 minutes ago

Posted by myinvestor > 2023-04-26 09:43 | Report Abuse

Just not time yet for her to take over. She is heir of company who can bully her. Her dad still have unfinished job in the company. Patient girl!

Posted by alenac > 2023-04-26 09:50 | Report Abuse

So are you saying that father and daughter are playing good cop and bad cop? If so shareholders are in deep shit.
myinvestor
Just not time yet for her to take over. She is heir of company who can bully her. Her dad still have unfinished job in the company. Patient girl!

2 minutes ago

Posted by myinvestor > 2023-04-26 10:00 | Report Abuse

First thing the investor must think who can create value for the company. Stanley or Cecile.? When Stanley setup the company 30 years old she was just a kid. As saying he is 'eat salt more than her eat rice'. I will prefer his dad to manage the company as he is still healthy and capable.

Posted by alenac > 2023-04-26 10:23 | Report Abuse

The issue is not who is capable. The issue is who is accountable. No doubt the company had net cash of RM2.6 billion, but for how long with continued losses and hoping to revive in the next pandemic? It is better for the company to declare the net cash flow of RM2.6 billion as a divi distribution if the company can't create value from the excess cash. Thereafter, let the market determine the supermax price post-dividend.

myinvestor
First thing the investor must think who can create value for the company. Stanley or Cecile.? When Stanley setup the company 30 years old she was just a kid. As saying he is 'eat salt more than her eat rice'. I will prefer his dad to manage the company as he is still healthy and capable.
9 minutes ago

Posted by myinvestor > 2023-04-26 10:25 | Report Abuse

All the decision is made by the boards of director. The proposed aircraft not even approve yet. What accountability u talking about? Anyone can propose a buy a "moon" but final decision is still need to get approval from board of directors and shareholders.

Posted by alenac > 2023-04-26 10:30 | Report Abuse

hahaha are you talking on behalf of management?
myinvestor
All the decision is made by the boards of director. The proposed aircraft not even approve yet. What accountability u talking about? Anyone can propose a buy a "moon" but final decision is still need to get approval from board of directors and shareholders.

25 seconds ago

Posted by cooledhawk123654 > 2023-04-26 10:45 | Report Abuse

this event aldy announced one week ago, looks like the authority is not going to probe into this matter..

Posted by myinvestor > 2023-04-26 10:45 | Report Abuse

haha On behalf of my investors.

Posted by cooledhawk123654 > 2023-04-26 10:49 | Report Abuse

as long as no probe, meaning BOD decision is not violate any rules...agreed?? although some party raises concern ....

Posted by kmohan62 > 2023-04-26 11:17 | Report Abuse

Generally glove manufacturers are facing a number of headwinds namely lower ASP,overcapacity,stiff competition,low demand,imminent impairments etc.As such the big players who are lucky enough to sit on piles of reserves should endeavour to preserve these hoards of cash.Splurging on extravagant items or egregious spending that add to overall expenses and do not help to maximise shareholders' wealth should be avoided at all cost to show that the company has the shareholders' interest at heart.The way these company's BODs are behaving is nothing but an affront to shareholders's intelligence.I will think hard before a buying into this company as the share price will only go south for I believe institutional buyers will slowly but surely shave their positions overtime.

Posted by myinvestor > 2023-04-26 11:18 | Report Abuse

https://spicemonsters.com/9supermax9/awards-recognition/

Posted by 1invest1 > 2023-04-26 11:22 | Report Abuse

https://www.freemalaysiatoday.com/category/highlight/2023/04/25/supermax-denies-stanley-thai-wanted-daughter-out-because-of-rm211-million-jet/

Supermax denies Stanley Thai wanted daughter out because of RM211mil jet

Fight between father & daughter.
Something's cooking.
Something's happening.

Buy jet if private co.
Don't buy jet if it is public-listed co.
Co owned by shareholders not by him.
He has fiduciary duty to save & not spend $$$.
Where is the corporate governance ?
Even with over RM2.5B cash pile, must be careful
Glove ind growth has past its peak & prime.
More likely going down.
Over supply, less demand, too competitive

May be 30c is a good buy.

Posted by myinvestor > 2023-04-26 12:45 | Report Abuse

https://www.sustainalytics.com/esg-rating/supermax-corp-bhd/1016071562
Supermax ESG low risk.

Posted by pang72 > 2023-04-26 13:54 | Report Abuse

No need to waste money to pump the shares..
It will fade and goes down after company used up the reserve for pumping

Posted by pang72 > 2023-04-26 15:51 | Report Abuse

87c up 4c..
This is not my money..
I watch only

Posted by pang72 > 2023-04-26 15:51 | Report Abuse

If the company turns to be aviation company then I only buy..

Posted by nicholas99 > 2023-04-26 15:55 | Report Abuse

supermx.. buy airasia x.. :)

Posted by nicholas99 > 2023-04-26 15:55 | Report Abuse

capital a. supermx dont want buy.

Posted by nicholas99 > 2023-04-26 15:55 | Report Abuse

sure limit up 3 days.

Posted by kutipkutip > 2023-04-26 17:23 | Report Abuse

siap sedia gap up limit up khamis / jumaat !

Posted by KML889 > 2023-04-26 18:02 | Report Abuse

Private limited kah

Posted by 1invest1 > 2023-04-26 18:19 | Report Abuse

With him owning so many shares & previous alleged ......... trading, this is a hot, hot, hot potato.

Glove is a commodity.
Overall ASP falling,
Extremely competitive industry.
OTW to become razer thin margin near future
Future may result in over supply
Future potential demand not growing much
China with more factories making gloves.

Low margin prod want buy high liability jet !
Where's the logic ?
Where's accountability governance transparency
Cash pile 2.5+B belongs to shareholders !

Buy 2 planes in 2 years ?
1 plane a year ?

Buy share to enrich us or him ?

Posted by dompeilee > 2023-04-26 18:38 | Report Abuse

Those who SHORT yesterday all FINITO today lol

Posted by dompeilee > 2023-04-26 18:43 | Report Abuse

Why the other co-founder so quiet hah? tan bee geok shld reconcile husband with dotters lor...compromise like maybe buy 2nd jet within next 5yrs IF co. can generate at least 2 yrs of profits etc

Posted by 1invest1 > 2023-04-26 19:13 | Report Abuse

C'mon @dompeilee he listen only to himself
Fact: want 1 plane this year !
nxt yr want 1 more again !

Is this logical, reasonable, realistic.
Would he do this if he's using own money
Bet you 100% won't use own money to buy !

Posted by myinvestor > 2023-04-27 10:52 | Report Abuse

cbp modifies wro of smart glove.
https://www.cbp.gov/newsroom/national-media-release/cbp-modifies-withhold-release-order-response-smart-glove-s

Coming soon for Supermax.

Posted by kmohan62 > 2023-04-27 12:25 | Report Abuse

Watchout newbies....the stock is being unloaded albeit slowly...you have been warn!

Posted by cooledhawk123654 > 2023-04-27 15:05 | Report Abuse

banned on supermx export will get uplifted soon??

Posted by myinvestor > 2023-04-27 17:57 | Report Abuse

Supermax has engaged widely respected international trade and custom partner to resolve cbp issues. See press release below.
http://www.supermax.com.my/html/latest_news_details.aspx?ID=1067&Type=News