Posted by ks5S > 2023-09-07 19:33 | Report Abuse

sorry, nutsuko

can you translate to japanese ? i don't know mandarin

Posted by Felix888 > 2023-09-07 20:08 | Report Abuse

Googoletranslate says USA has banned China medical gloves because found Covid virus contamination in samples.

Posted by ks5S > 34 minutes ago | Report Abuse

sorry, nutsuko

can you translate to japanese ? i don't know mandarin

Posted by Michael Kwok > 2023-09-07 23:21 | Report Abuse

Price 82.5
Resistance 87 cents(Break but come down in a small range bound few days then up back is the genuine)
Support 80.5 cents
7/9/23 11.20pm

Posted by ChloeCheong > 2023-09-08 12:15 | Report Abuse

It seems like contra players are taking profit today..

Posted by myinvestor > 2023-09-08 12:47 | Report Abuse

https://www.regulatoryoversight.com/2023/02/new-dod-rule-limits-ppe-from-china-and-other-foreign-nations/
On January 30, the U.S. Department of Defense (DOD) issued an interim procurement rule, prohibiting the procurement of personal protective equipment (PPE) from four “non-allied” countries: China, North Korea, Russia, and Iran.
Effective January 31, the draft interim rule implements the restrictions in the 2022 and 2023 National Defense Authorization Acts (NDAA), which limit the acquisition of “covered items” like PPE and “sanitizing and disinfecting wipes, testing swabs, gauze, and bandages.” The restrictions (1) boost public health in the U.S., (2) encourage the expansion of domestic capacity to produce PPE, (3) enhance U.S. national security by reducing PPE dependence on these countries, and (4) reduce the influx of counterfeit PPE items into the U.S. The ban on covered items does not apply to PPE procurement used outside of the U.S. or if the maximum procurement value is under $150,000.

Posted by ChloeCheong > 2023-09-11 13:55 | Report Abuse

Nice sharing, myinvestor. Can tell it to glove naysayer especially natsuko

Posted by Michael Kwok > 2023-09-12 23:36 | Report Abuse

Supermax 80.5
Feng shui say must collect glove counter 20 sept onward
12/9/23 11.36pm

Posted by Albukhary > 2023-09-14 11:03 | Report Abuse

My US fren told me:-

Currently, US is rely on imported glove, so they welcome the cheap price glove from China. Moving forward, once there are more n more manufacturer setup in US, US will start to impose the Anti Dumpling Law against China, because those China Manufacturer are selling their product below their own cost, so this is not fair to US Glove Player.
By that time, China player will be force to increase their price and they will become less competitive. And Supermax US Factory will be benefit from this.

Posted by ChloeCheong > 2023-09-14 11:31 | Report Abuse

Time will tell that glove ASP will increase

Posted by ChloeCheong > 2023-09-18 11:29 | Report Abuse

Glove counters will move up this week

Posted by Investor126 > 2023-09-18 16:11 | Report Abuse

Move on, guys. You are just gambling on a pathetic counter, where the script has written since 2021. This might moves on till 2025, or maybe longer. So, why parked your funds here while you can roll somewhere else for better ROI? The longer you parked here, the louder you cry.

Posted by ChloeCheong > 2023-09-19 14:48 | Report Abuse

Just insist don't want to realize the paper loss, hehe

Posted by frankkoh > 2023-09-19 17:30 | Report Abuse

Any status update on their US factory?

Posted by tradek > 2023-09-20 11:45 | Report Abuse

no update so far, but the last update on US factory about 3 months ago was this post... https://www.linkedin.com/feed/update/urn:li:activity:7071501349732974592/?updateEntityUrn=urn%3Ali%3Afs_feedUpdate%3A%28V2%2Curn%3Ali%3Aactivity%3A7071501349732974592%29
Distribution center looks completed, First of 4 manufacturing plant is halfway... bet AGM end of year will have more info... So far the news is quite mixed, either start production end of year, or only complete plant 1 end of year and start in Q1/Q2 2024 etc... so best to ask during AGM...

Posted by minher > 2023-09-20 12:17 | Report Abuse

US lifts import ban on Supermax over forced labour concerns

KUALA LUMPUR (Sept 20): The US allowed imports from Supermax Corp Bhd, after customs authorities lifted a ban imposed on the company since October 2021 for alleged forced labour.

In a statement on Tuesday, the US Customs and Border Protection (CBP) said effective immediately, the agency will allow imports of disposable gloves manufactured by Supermax Corp and its wholly owned subsidiaries to enter the US, provided they are otherwise in compliance with US laws.

The CBP on Oct 21, 2021, issued a withhold release order (WRO) against Supermax Corp and its wholly owned subsidiaries (Supermax Glove Manufacturing, Maxter Glove Manufacturing Sdn Bhd and Maxwell Glove Manufacturing Bhd).

CBP Senior Official Performing the Duties of the Commissioner Troy A Miller said the action underscores the ongoing impact of CBP’s enforcement efforts in driving remediation and eliminating forced labour from supply chains.

“Everyone is entitled to humane and dignified treatment in the workplace, no matter who they are or where they live, and that’s why this work matters,” said Miller.

CBP began enforcing the WRO against Supermax Corp and its wholly owned subsidiaries based on evidence reasonably indicating the presence of 10 of the 11 International Labour Organization indicators of forced labour.

In response to the WRO, the company demonstrated to CBP that it has taken steps to remediate the forced labour indicators identified in its supply chain.

Meanwhile, CBP’s Office of Trade's Executive Assistant Commissioner AnnMarie R Highsmith said the agency’s vigilance on this issue is showing the industry and the world that it is fully committed to elevating the ethical standard of goods entering the US and ending forced labour.

Thus far in fiscal year 2023, CBP has issued four modifications.

CBP said forced labour enforcement efforts have resulted in the improvement of living and working conditions for tens of thousands of workers, including the repayment of more than US$50 million (RM234.72 million) in withheld wages and recruitment fees used to trap workers in debt bondage.

At the time of writing, Supermax Corp gained 1.23% or one sen to 82 sen with 1.66 million shares traded.

Read also:
US Customs issues seize order on Supermax products on forced labour finding

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Posted by tradek > 2023-09-20 13:04 | Report Abuse

wow, good news...

Posted by myinvestor > 2023-09-20 13:34 | Report Abuse

Finally cbp lifted wro. US restriction China ppe final rule 20/7/2023 updated.

https://www.federalregister.gov/documents/2023/07/20/2023-15154/defense-federal-acquisition-regulation-supplement-restriction-on-acquisition-of-personal-protective

Posted by myinvestor > 2023-09-20 13:44 | Report Abuse

https://www.cbp.gov/newsroom/national-media-release/cbp-modifies-withhold-release-order-against-supermax-corporation
cbp media release on modifies supermax wro.

Posted by 5231428 > 2023-09-20 13:52 | Report Abuse

For sure Supermax will fly.

Posted by Fklim888 > 2023-09-20 15:22 | Report Abuse

Stanley will be back ...or how far can go ....

Posted by Havefun > 2023-09-20 16:16 | Report Abuse

No buying power

Posted by speakup > 2023-09-20 18:58 | Report Abuse

https://www.thestar.com.my/business/business-news/2023/09/20/us-customs-lifts-ban-on-supermax-gloves

USA is pure evil! During covid they jealous our glove companies make big profits. Now COVID over, foreign worker no longer issue anymore

Posted by speakup > 2023-09-20 20:22 | Report Abuse

Let's all boycott USA products!
I start with McD, Starbucks, ...

Posted by Casino123 > 2023-09-20 21:38 | Report Abuse

Tommorrow still can buy?

Posted by SWT1988 > 2023-09-21 08:52 | Report Abuse

will be a brilliant move if pump n dump like how Top glove had done b4.

Posted by SWT1988 > 2023-09-21 09:04 | Report Abuse

ikan bilis masuk masuk. cepat masuk

Posted by SWT1988 > 2023-09-21 09:06 | Report Abuse

satu kasi sapu n tangkap semua

Posted by huatkia > 2023-09-21 10:04 | Report Abuse

am I billis or brilliant? time will tell
Entry 0.860
TP 1.03-1.13

Posted by ChloeCheong > 2023-09-21 11:20 | Report Abuse

At last they lifted the import ban and hopefully it will raise the demand a bit

https://theedgemalaysia.com/node/683219

Posted by SWT1988 > 2023-09-21 12:43 | Report Abuse

c how low it will down after TG qtr result released.

Posted by SWT1988 > 2023-09-21 12:45 | Report Abuse

l will only buy if TG result is not too bad or price around 0.70

Posted by Havefun > 2023-09-21 14:05 | Report Abuse

Topglove is not banned to sell to US, right? See how much was their revenue last quarter?

Posted by Investor126 > 2023-09-21 15:48 | Report Abuse

Yes, time definitely will tell. Stanley and his proxies never buy now, but you bought. Few months to years down the road, you could only wish for a gap up just to withdraw quickly.

Posted by ChloeCheong > 2023-09-22 15:09 | Report Abuse

Glove counters will ride up with the good qr from TG

Posted by tradek > 2023-09-22 17:11 | Report Abuse

American Medical Manufacturers Association (AMMA)
https://drive.google.com/file/d/1d6A9-2zgC9517pjqatKRkBGogLWKDiyf/view?pli=1
lol, stanley also part of Made in America committee now...

Posted by EngineeringProfit > 2023-09-24 06:26 | Report Abuse

A two-year-long US import ban on Supermax rubber gloves has been lifted from Sept 18

Posted by huatkia > 2023-09-24 20:41 | Report Abuse

what is the logic of tp by some of the bank by unchanging the TP oist uplifting of the import ban? after 2 years of inability to sell to US, biggest market? to now able to sell. even a 1 cent raise also logic, unless.....

________________________________________________

EngineeringProfit

14,826 posts

Posted by EngineeringProfit > 14 hours ago | Report Abuse

A two-year-long US import ban on Supermax rubber gloves has been lifted from Sept 18

Posted by myinvestor > 2023-09-25 14:23 | Report Abuse

True, previously US market had been always 10-15% of company revenue and profit.

Posted by ChloeCheong > 2023-09-26 12:21 | Report Abuse

US will buy more gloves from Malaysia after they lifted the ban in order to 'compensate' something

Posted by ivanlau > 2023-10-01 20:16 | Report Abuse

Insider news, TopGlove coming QR will be worst than expectation , it will cause the bad market sentiment toward glove counters , good luck guys.........

Posted by SWT1988 > 2023-10-04 12:58 | Report Abuse

C how long they can hold above 0.80

Posted by SWT1988 > 2023-10-04 12:59 | Report Abuse

m waiting @ around 0.70

Posted by ChloeCheong > 2023-10-06 10:20 | Report Abuse

Shorting forces are huge on glove counters today ..

Posted by myinvestor > 2023-10-06 11:04 | Report Abuse

Most of shorties had already reduced short volume esp. top glove by 160 m . Balance about short vol 23m.

Posted by SWT1988 > 2023-10-06 16:17 | Report Abuse

c u below 0.80 next week

Posted by ChloeCheong > 2023-10-11 10:14 | Report Abuse

Coming again. Ha

https://www.channelnewsasia.com/singapore/covid-19-wave-new-variants-more-people-fall-sick-ong-ye-kung-moh-vaccines-3826216

Posted by alenac > 2023-10-11 10:21 | Report Abuse

Good morning, another Q of bad results for TG, the future of the glove counter is worsening. Now is not the time to hear cock N bull stories of glove company owners.

Posted by SWT1988 > 2023-10-11 18:24 | Report Abuse

0.80 support been broken today. Next? Anyhow not many ikan bilis being caught during this downtrend except the stubborn one.

Posted by Investor126 > 2023-10-12 14:52 | Report Abuse

Who else dare to buy a counter that has no credibility, especially the boss got case before.
US' factory is just a smokescreen only. Release good news once in a while, especially when the market is stagnant, just to trap more inside.

Posted by Akash4599 > 2023-10-12 14:56 | Report Abuse

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