SUPERMAX CORPORATION BHD

KLSE (MYR): SUPERMX (7106)

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Last Price

0.995

Today's Change

+0.13 (15.03%)

Day's Change

0.885 - 1.01

Trading Volume

88,351,900


99 people like this.

222,409 comment(s). Last comment by ValueInvestor888 5 minutes ago

SWT1988

1,321 posts

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

ikan bilis masuk masuk. cepat masuk

SWT1988

1,321 posts

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

satu kasi sapu n tangkap semua

huatkia

107 posts

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

SWT1988

1,321 posts

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

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

SWT1988

1,321 posts

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

Havefun

361 posts

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

tradek

63 posts

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

huatkia

107 posts

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

myinvestor

1,211 posts

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

ivanlau

1,330 posts

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.........

SWT1988

1,321 posts

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

C how long they can hold above 0.80

SWT1988

1,321 posts

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 ..

myinvestor

1,211 posts

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.

SWT1988

1,321 posts

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

c u below 0.80 next week

alenac

2,622 posts

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.

SWT1988

1,321 posts

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

https://www.futurewiseresearch.com/healthcare-market-research/Feminine-Hygiene-Products/1272
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Posted by ChloeCheong > 2023-10-13 16:56 | Report Abuse

Noticed that supermax bought some gloves from Intco on 6 Oct...demand is raising?

cwc1981

988 posts

Posted by cwc1981 > 2023-10-16 16:11 | Report Abuse

Wondering what is the asp in supermax?

alenac

2,622 posts

Posted by alenac > 2023-10-17 20:17 | Report Abuse

Good evening owners of glove companies & funds caught in glove counters are speculating that the glove industries will recover at the end of 2024 or rather last quarter of 2024. Far from it, if we take into account the rising costs of material & transport as well the low turnover of these companies, they can hardly break even with the stiff ASP.

myinvestor

1,211 posts

Posted by myinvestor > 2023-10-21 14:01 | Report Abuse

OTHERS Supermax Corporation Berhad (Supermax or the Company) - Proposed Renewal of Authority for the Company to Purchase its Own Shares

alenac

2,622 posts

Posted by alenac > 2023-10-24 10:13 | Report Abuse

No point in purchasing your own shares when the business can't make money. The rational step is to pay all available cash reserve and start a new even if the share price drops to 10 sen,
myinvestor
OTHERS Supermax Corporation Berhad (Supermax or the Company) - Proposed Renewal of Authority for the Company to Purchase its Own Shares

2 days ago

0 seconds ago

SWT1988

1,321 posts

Posted by SWT1988 > 2023-10-24 19:57 | Report Abuse

almost time to slump toward 0.70 like TG?

ivanlau

1,330 posts

Posted by ivanlau > 2023-10-26 08:20 | Report Abuse

Insider news, will have big impairment loss in coming QR , better sell off now

myinvestor

1,211 posts

Posted by myinvestor > 2023-10-26 13:45 | Report Abuse

Overall, Chinese companies supply a majority of US imports for 46 percent of products that fall under critical PPE. When looking more generally at US imports of critical public health goods (including PPE), the share of products for which China is the majority supplier falls to 31 percent

tradek

63 posts

Posted by tradek > 2023-10-31 09:12 | Report Abuse

notice of AGM... https://www.klsescreener.com/v2/announcements/view/5872027

1) No cash dividend announced
2) No share dividend announced
3) Waiver of Pre-emptive Rights pursuant to Section 85 of the Companies Act 2016 (dont know what is this?) .... from google explanation can be rights issue to existing shareholder or can be some major shareholder wants to offload shares but the existing shareholders has the first right to the offer... not sure which is which in this case...

tricky situation...

Asia88

588 posts

Posted by Asia88 > 2023-11-01 01:14 | Report Abuse

maybe tired of getting shoot by shareholder. hold the agm virtually this year.

tradek

63 posts

Posted by tradek > 2023-11-01 10:22 | Report Abuse

noticed also the AGM is also virtual... hmm...

myinvestor

1,211 posts

Posted by myinvestor > 2023-11-02 09:14 | Report Abuse

Importkey hartalega ngc reveal its sales volume in July, Aug n Sept 2023 has surpassed the sales in Jun to Oct 2021. It is hard to harta lega to lose money in the coming qtr.

Posted by ChloeCheong > 2023-11-02 18:44 | Report Abuse

Agreed. Next few quarters we will see them turning green

alenac

2,622 posts

Posted by alenac > 2023-11-03 11:21 | Report Abuse

Anybody makes money from this counter by hit and run, as the price sank. Sure very tight price spread.

younglean

207 posts

Posted by younglean > 2023-11-07 13:09 | Report Abuse

Harta's QR out today and it turns profits successfully

Havefun

361 posts

Posted by Havefun > 2023-11-07 14:05 | Report Abuse

How about supermax?

Posted by ChloeCheong > 2023-11-07 14:25 | Report Abuse

Supermax will turn green also. It will go up when opening later 😉

myinvestor

1,211 posts

Posted by myinvestor > 2023-11-07 18:26 | Report Abuse

Good news, Maxter resumes shipment to US this month Nov.

Havefun

361 posts

Posted by Havefun > 2023-11-08 07:42 | Report Abuse

When is the QR out?

tradek

63 posts

Posted by tradek > 2023-11-08 10:01 | Report Abuse

Thats very good news :)

myinvestor
Good news, Maxter resumes shipment to US this month Nov.

Albukhary

2,745 posts

Posted by Albukhary > 2023-11-08 11:29 | Report Abuse

Both Intco and Bluesail (China biggest glove producer) has reach 100% capacity.
They have start raising the ASP, some buyer has move their order to Malaysia.

Havefun

361 posts

Posted by Havefun > 2023-11-09 08:38 | Report Abuse

When is the QR out?

younglean

207 posts

Posted by younglean > 2023-11-09 09:52 | Report Abuse

next week I guess ...

Posted by ChloeCheong > 2023-11-10 10:31 | Report Abuse

You have to take its capital changes into consideration

myinvestor

1,211 posts

Posted by myinvestor > 2023-11-10 11:44 | Report Abuse

Ones need to reset your mindset in investment.

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