Posted by CharlesT > 2023-12-12 08:32 | Report Abuse

In 2021, Ah Chai of TG spent RM1B+ for their shares buy back@ average RM7+-RM8+ per share n suffers 80%+ paper loss now

As for Ah Thai's RM1B expansion project in USA......

Posted by NatsukoMishima > 2023-12-12 08:52 | Report Abuse

https://theedgemalaysia.com/node/693457

Congrats all shareholders , u have a good boss !

Posted by CharlesT > 2023-12-12 09:00 | Report Abuse

A new aircraft costs US$47.39 million (RM210.32 million) only.

Cheap cheap to Supermx

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

If they cancel their expansion plan in USA they can buy 4 to 5 more aircrafts

Then" Everyone can fly" will become the new motto of Supermx staffs i guess...not only Ah Thai can fly

Posted by CharlesT > 2023-12-12 09:07 | Report Abuse

Can make it as a reward to loyal staffs who works more than 20 years in Supermx, cleaning lady also can fly then.....

Or as a grand prize for lucky draw in their Annual Dinner....

If so I also wanna join them....toilet cleaner also can

Posted by CharlesT > 2023-12-12 09:12 | Report Abuse

U can fly I can fly Ah Thai can fly Cecile can fly la la la la

Posted by Investor126 > 2023-12-12 09:17 | Report Abuse

Fly kite got la. Their recent statement indirectly asking those not on board to stfu. Imagine supporting this company be like what is the point? LOL....
Hard earned money, of course must find ways to pump out. Soap opera is common in Supermx.

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

https://www.youtube.com/watch?v=4qPOWeA-L5I

Mayb this opportunity can be offered to shareholders as well

I think they will still be happy if they can have the chance for a private jet ride even they suffer 80% to 90% paper loss now

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

If this happens, I think most shareholders will support Ah Thai should there is any tussle in the family fight later....

Posted by joyvest > 2023-12-12 09:52 | Report Abuse

Nope, that director, be it sitting in the BOD or not , has the right to speak to improve the Corporate Governance which is apparently deteriorating . No director including the MD can subjugate/ deter other directors from speaking and/or proposing any thing conducive to the Company. " Authoritarianism" in the Management should not be condoned and should be condemned

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

The purpose of the purchase of private jet is to exhaust the cash resources to the maximum before it is running out . Another agenda is to avoid paying " Big " dividend to the shareholders who are all "hungry " for the enormous cash reserves.

Posted by joyvest > 2023-12-12 10:11 | Report Abuse

The share price continues to be doomed if " Authoritarianism" in the Management " is palpable as it appears to be .......

Posted by younglean > 2023-12-12 10:18 | Report Abuse

it drops today due to Thai's family dispute...?

Posted by joyvest > 2023-12-12 10:48 | Report Abuse

What do you think? Do you think it drops due to loss making ? Have you checked what has contributed to loss making? Could it be due to excessively high administrative expenses or operational expenses ? could it be due to the high maintenance costs for the private jet ? Nevertheless ,it is believed that some expenses are controllable and avoidable.

Posted by NatsukoMishima > 2023-12-12 13:11 | Report Abuse

Malaysia glove business is dead , past tense , sunset + good boss = TP 20 SEN

Posted by Macrullen > 2023-12-12 14:05 | Report Abuse

U guys really thought it’s abt private jet? Think, what a man do will anger his wife n his kids so much? I think u know.

Posted by i3lurker > 2023-12-12 14:14 | Report Abuse

daughter angry
wife angry

Posted by AhHuat168 > 2023-12-12 14:19 | Report Abuse

This supermax wants to drop forever....lol

Posted by AhHuat168 > 2023-12-12 15:12 | Report Abuse

i think have to wait at 0.7, now 0.86 still high

Posted by fortunefire > 2023-12-12 15:13 | Report Abuse

family issues has greatly affected the company's corporate decision. that shows the no.1 guy has lost control in both the company and family.

Posted by joyvest > 2023-12-12 15:35 | Report Abuse

When the trust and harmony has been shattered in the union of family business , it is destined to be doomed....

Posted by alenac > 2023-12-12 15:42 | Report Abuse

Not lost control, he is on cloud nine where the pandemic gave a bountiful harvest of cash, and a reckless decision to set up a glove factory in the USA, perhaps Biden will impose import control of gloves to protect Supermax production in the USA.
fortunefire
family issues has greatly affected the company's corporate decision. that shows the no.1 guy has lost control in both the company and family.

20 minutes ago

Posted by joyvest > 2023-12-12 16:48 | Report Abuse

The balance of " Ying " and Yang " is very important. Apparently, the MIB ( Man In Black ) has lost his balance and gone " hay wire" to the anger of his family members. It is believed that other shareholders are beginning to lose faith in him. The company is expected to be doomed sooner than you and me could imagine.

Posted by Lai Yu > 2023-12-12 17:07 | Report Abuse

我们的钱正在给那两个疯女人敗掉

Posted by Jassie26 > 2023-12-12 17:49 | Report Abuse

big ouch, pushed down so hard

Posted by xiaoeh > 2023-12-12 17:58 | Report Abuse

I thought these 2 womens were trying to make thing right?

Posted by Albukhary > 2023-12-12 17:58 | Report Abuse

Maybe this is a good chance to acquire more share at such a low price.

Posted by xiaoeh > 2023-12-12 18:06 | Report Abuse

What price will u buy Albukhary?

Posted by Albukhary > 2023-12-12 18:16 | Report Abuse

As my target is long term, so as long as I got extra money from my business, or when I dispose other share, I will acquire it.

For me, RM0.865 is a price that I will buy.
For example, if now I buy 10,000 @ 0.865, if next month drop to 0.765, I will be more happy to acquire another 10,000, if drop again I will buy again. Vice versa, if increase to 0.965, I will buy also if I got extra money.

My concept is very simple, I am betting on Malaysia stock market will be grow 100%-200% in next 10 years, I am betting on the MADANI government will bring Malaysia to gain back what it has lost for the last 20 years.

All the 4 glove company is good company, they got factory, got land, got cash, they are unlikely to bankrupt.
They are unlikely to continue making big loss like FY2022 & 2023, so they only will become better in FY2024 & 2025.
At the same time, their factory land price sure will increase if Malaysia economy is turning good.

Posted by xiaoeh > 2023-12-12 18:19 | Report Abuse

Thanks for sharing Albukhary

Posted by myinvestor > 2023-12-12 18:46 | Report Abuse

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=142886&name=EA_GA_ATTACHMENTS
KUALA LUMPUR, December 08, 2023 – Supermax Corporation Berhad (“Supermax” or the
“Company”) Supermax had just concluded its 26th AGM today, provided a company update
on the progress of the construction of its manufacturing facility in the US. Supermax is the first
Malaysian company to have set up a glove manufacturing facility in the US, which is the biggest
glove consuming market in the world.
This own-brand manufacturer which started in Malaysia in 1987 under the stewardship of Dato’
Seri Stanley Thai, Founder and Executive Chairman, has been able to clock in significant
milestones for the Group and Company in the last 2 decades, significantly rising to be one of
the leading global glove producers in the world today.
The pandemic had not deterred the Chairman from taking an executive decision to invest and
expand in significant markets, choosing to capitalise on the opportunities that prevail in the US
market by investing in a manufacturing facility for growth.
“Supermax’s American and Malaysian teams have been working very hard to manage the
setting-up of the US operations and we are pleased to announce that construction of our first
manufacturing facility will be substantially completed before the end of December 2023. The
next stage will involve the installation of various manufacturing equipment including A.I.,
Automation and Robotics facilities. A technical team from Supermax Malaysia will be deployed
to the US facility in various stages for commissioning of the manufacturing facility. Todate we
have fulfilled and complied with various regulatory requirements including permits to operate
glove manufacturing plant in Brazoria County, Texas USA,” said Dato’ Seri Stanley Thai,
Executive Chairman of Supermax.
Press Release
It was such similar executive decisions that had catapulted Supermax to be one of the largest
and active players in the US market dating back to year 2000 when it opened up its first
Supermax Distribution HQ in the US. This enabled the Group to expedite distribution of gloves
to customers in the region speedily and gain greater market share. In addition, it facilitates the
Company to streamline the supply chain in the US domestic market.
Supermax has a dynamic board and a senior management team who has been with the
Company for over 20 years and will continue to contribute well in upholding effective
governance mechanisms within the Board of the Company.
The Chairman, Dato’ Seri Stanley Thai also shared with shareholders at its 26th AGM that the
Company will continue to face challenges for the next 5-6 quarters to come with improvements
expected in 2025

Posted by NatsukoMishima > 2023-12-12 18:58 | Report Abuse

US factory wont profit due to high wages

Posted by OnTime > 2023-12-12 19:17 | Report Abuse

pray these u.s. workers are not unionized otherwise no eye see.

Posted by Albukhary > 2023-12-12 19:18 | Report Abuse

The US Glove factory is produce for US Market.
This is under the Biden Government whereby they already have a National Security Rules whereby all US government hospital must purchase from US producer, instead of importer.
US has already face the glove shortage issue in Year 2019 / 2020, and this is the reason they want company to setup factory in US. They don't mind to buy it at higher price, what they want is national security, they want to ensure they have the ability to produce glove to meet its own demand, instead of fully rely on other country.
Therefore, the selling price is off course higher than the imported glove as it is "Made in USA".
Not only Supermax, there are many other glove factory setup in US, such as Showa, Geiger, Ammex, Kimberly Clark, American Nitrille....and many many more.

Posted by NatsukoMishima > 2023-12-12 19:35 | Report Abuse

"Gui da gui " ghost beat ghost , this stock habis , hopeless , eventually will drop below 50 sens !

Posted by Lai Yu > 2023-12-12 20:27 | Report Abuse

Change to top glove first, and then return to supermax after the ghost fight. Because the glove sector will be rejuvenated in 2024

Posted by Jack Khan > 2023-12-13 08:03 | Report Abuse

whatever reason building factory in US is a big gamble! There is a reason why rich US investor does not build factory in US. US goverment policy, they only last for 4 years or max 8 years. They will only think what is beneficial for US and does not care where the glove come from.

Posted by myinvestor > 2023-12-13 09:02 | Report Abuse

"A technical team from Supermax Malaysia will be deployed
to the US facility in various stages for commissioning of the manufacturing facility."
A good aircraft is required to airlift the Technical team to US plant to n fro from Malaysia to US to support the AI robotics installation in US in coming months.
Why Supermax relies on aircraft for business and support?
https://nbaa.org/flight-department-administration/tax-issues/federal-taxes/explaining-why-your-company-relies-on-business-aviation-questions-and-answers/

Posted by ChloeCheong > 2023-12-13 09:44 | Report Abuse

The US promotes the products that are made in their own country, so Supermax might get more orders from there

Posted by SaintPao > 2023-12-13 11:07 | Report Abuse

Supermax currently looking to increase penetration of their gloves to US that have high demand of gloves. This is because, Supermax believe they can grow their glove production as high as 100% in that region as proof by other gloves manufactures that have received excellent demand of gloves in US.

Posted by joyvest > 2023-12-13 11:39 | Report Abuse

US will always support local produce. Medical products are subject to stringent compliances and requirement. Hence it eliminates the possibility of detention and /or boycott if shipment is done from Malaysia. It is a strategical move to produce directly from USA and sell locally and even export to other regional countries like Canada and so on. Gloves business is not high tec business and its growth is rather constrained and saturated given the stiff competition in USA.

Posted by Andre Kua > 2023-12-13 13:14 | Report Abuse

USD350m for a plant in the USA? Hello... that is like your leftover cash reserves. Tell me it doesnt smell fishy... Being a shareholders in Chinaman company is facepalm.

Posted by KingKKK > 2023-12-13 14:48 | Report Abuse

Share price performance comparison between SUPERMX and the rest

https://klse.i3investor.com/web/blog/detail/bestStocks/2023-12-13-story-h-212436426-Gloves_Sector_Which_Share_Price_UP_THE_MOST_Discussion_about_KOSSAN_HAR

Posted by prudentinvestor > 2023-12-13 15:46 | Report Abuse

Husband in disagreement with wife, father in disagreement with daughter, what kind of company is this? Want to invest also scared.

Posted by Bursino > 2023-12-13 16:10 | Report Abuse

Ya-lah. Use own self money to buy-lah. Semua masuk akaun kongsi. Mana boleh.

Posted by zonefinder > 2023-12-13 16:13 | Report Abuse

On a positive note, I applaud his wife and daughter for speaking up as directors of the Company even if they are speaking up against the husband and father respectively. I wonder if the 2 billion plus cash in the books if before or after the acquisition of the bloody plane. Thai probably spending too much time in the US with jet setting tycoons and suffering from insecurity complex mixing with this lot.

Posted by kiwimelon > 2023-12-13 16:24 | Report Abuse

Glove business quite bad nowadays la. My boss supply one of the raw materials to glove makers

Posted by joyvest > 2023-12-13 16:43 | Report Abuse

His purpose in purchase of new private jet and in construction of factory in USA is to exhaust the cash resources to the maximum and to avoid payment of big dividend to the shareholders. Her daughter was against the idea of replacing the " still " new private jet while Datin was against his abuse of authority in the BOD by calling for more transparency in the Corporate Governance.

Posted by zonefinder > 2023-12-13 16:52 | Report Abuse

Avoid paying big dividends as a reason is nonsense. Payment of dividends is a management option, not a mandate.

Posted by Ron90 > 2023-12-14 10:36 | Report Abuse

every day meeting-cum-vacation and using all company sponsor money la... rather than distributing that 2 B to shareholders.. Revenue less than 200m only.. much less than pre-covid 2014-2018!.. and when you consider inflation value... .means revenue really drop so much already !!.. equivalent to only 100m revenue/QR !!..huhu.