Posted by myinvestor > 2024-01-19 11:23 | Report Abuse

Shorties moved their focus on Rapid, Ynh properties , Widad and 13 hit low limits counters.

Posted by irwan > 2024-01-19 21:34 | Report Abuse

2002 SARS 1 year goreng rockets 2 year drop back sleeping 8 year

Posted by irwan > 2024-01-19 21:35 | Report Abuse

2010 last time MERS 1 year goreng rockets ... 2 year drop back ALSO sleeping 10 year

Posted by irwan > 2024-01-19 21:35 | Report Abuse

2020 this time COVID 1year goreng rockets ... 2 year drop back ,look sleeping 8~ 10 year

Posted by younglean > 2024-01-23 09:24 | Report Abuse

Covid moment was an inorganic growth for all glove companies... now back to normal, and it will move up after it turns profit. don't worry

Posted by foo > 2024-01-29 11:18 | Report Abuse

look difficult stay above 100

Posted by tradek > 2024-02-06 13:44 | Report Abuse

https://www.peterboroughtoday.co.uk/news/people/peterboroughs-supermax-healthcare-gets-green-light-for-uk-and-european-headquarters-in-city-4500290

Posted by tradek > 2024-02-06 14:01 | Report Abuse

https://www.instagram.com/p/C20HnQSrsRD/?hl=en

Posted by ChloeCheong > 2024-02-07 11:30 | Report Abuse

Dragged down by Harta's qr ...

Posted by Investor126 > 2024-02-21 09:40 | Report Abuse

Some time ago, I highlighted the issue and apparently some genius promoter trying hard to spread bs. Where are they now?

Posted by CharlesT > 2024-02-21 09:51 | Report Abuse

Glovetards never die.......

Posted by gohkimhock > 2024-02-21 10:18 | Report Abuse

each quarter they will promise next quarter shall be recovery. This nonsense have been going on for too many quarters 😁. And yet we tend to see people falling into this "sweet talk" trap..

China's threat is real.

Posted by SinGor > 2024-02-21 10:27 | Report Abuse

Hit like Thunder. Analyst said wait for " musang King ".Now they are all Diving from KLCC. Face whiter than Ghost

Posted by EatCoconutCanWin > 2024-02-21 10:36 | Report Abuse

widen loss.. business getting hard. all is gov problem as keep increase raw material cost.

Posted by SuperA > 2024-02-21 10:49 | Report Abuse

Every Q the management from Glove company in Malaysia will mention the same excuse which is China Glove, China Glove, China Glove. Which mean forever Malaysia Glove company cannot make profit already as long as China Glove still there. The fact is the China Glove will be there forever.

Posted by EatCoconutCanWin > 2024-02-21 11:24 | Report Abuse

Limit down?

Posted by EngineeringProfit > 2024-02-21 11:38 | Report Abuse

yup

Posted by EatCoconutCanWin > 2024-02-21 11:47 | Report Abuse

GG. Wait to average at 0.50

Posted by alenac > 2024-02-21 12:11 | Report Abuse

The glove market not going anywhere but down. Prices in 2024 remained low.
Unfavourable outlook to persist in 2024, with continued squeeze on margins
On prospects, the group acknowledges that the rubber glove market remains lacklustre with an unfavorable outlook for 2024 due to ongoing demand-supply dynamics post-pandemic.

"At the two most recent large international trade shows, the takeaway was that the oversupply situation is expected to moderate gradually over an extended period as more and more smaller players exit the market, while bigger players scale back expansion and retire older factories and production lines.

"The industry is basically going through a consolidation stage at this time," the group said.

Moreover, the group notes that ASPs remain suppressed, with manufacturers from China proving to be daunting competitors and believed to have taken over the global leadership from Malaysia, at least in terms of pricing.

Supermax does not expect to see a significant improvement in performance for the rest of the year 2024 due to the high volume of high-priced stocks at its overseas distribution centers.
https://theedgemalaysia.com/node/701611

Posted by EngineeringProfit > 2024-02-21 13:58 | Report Abuse

Good when cheap price.................I can buy back for another round of profit$

Posted by joyvest > 2024-02-21 20:08 | Report Abuse

Sunset industry. No more cyber troops to hype on it....

Posted by SinGor > 2024-02-22 11:51 | Report Abuse

Nvidia makes Graphic Card can put 800mil Transistors into a wafer the size of thumb nail ( This is High Tech )
While Super can add 200 Bangla for every factories they Built in Malaysia however China can add 200mil workers with No immigration problems

Posted by Adrian Tan > 2024-02-26 12:06 | Report Abuse

Supermax’s CEO must also be made to be responsible on how its shares are performing on the exchange. He needs a good PR officer to help him sell to investors the company’s prospects. But first he needs to sack the person who, through the bad design & maintenance of its website makes it look like a 3rd class company with no hope. How I wish some big time investors can apply pressure on him to change things for the better!

Posted by younglean > 2024-02-27 16:52 | Report Abuse

Ask him to sell his private jet and do share buyback 😆

Posted by younglean > 2024-02-29 19:52 | Report Abuse

I predict it will move up when tg announces its qr nxt week

Posted by alenac > 2024-03-05 10:47 | Report Abuse

While other industries recovering at full speed after the pandemic, the glove industry is in a doldrum. Until the next health crisis, the industry will remain stagnant at the foot of KLSE. The Edge looks at Supermax expansion to the States & does not think it will work out. A disaster in the making.

https://theedgemalaysia.com/node/703248

Posted by younglean > 2024-03-05 11:17 | Report Abuse

The political reasons for Supermax’s expansion into the United States ...

Posted by Investor126 > 2024-03-06 09:17 | Report Abuse

Speculating will only burden your wealth. Just apply a 16% discount on current price and that is my TP for the upcoming 3 more quarter.

Posted by myinvestor > 2024-03-06 11:02 | Report Abuse

Reasons to Invest in American Manufacturing
ax Incentives
1.Tax incentives are a major contributor to the strength of American manufacturing. The government offers tax rebates and exemptions for companies that manufacture in the states. To take advantage of this incentive though, you either have to be a company that commissions an onshore manufacturer or be an onshore manufacturer acquiring materials.
Logistical Incentives
2.Logistical incentives for domestic manufacturing can also make a significant impact on a business’s bottom line. The US has an interconnected transport system of train, road, air, and sea travel options that make it easy to ship products anywhere. This includes shipping products around the world since the US is boarded on two sides by oceans, and the coasts are filled with ports that make sea access easier and cost-effective. For your company, this means lower costs when shipping manufactured products wherever they need to go
3. A Reputation for Innovation and Quality
The main reason why companies choose to invest in American manufacturing is because of our reputation for innovation and quality across many industries. The US is known for designing products to high-quality standards, while offshore manufacturing has a reputation for using cheap and low-quality materials.
4. Access to a Skilled Workforce
The quality in US manufacturing comes from investments in technology, development, and a quality workforce. The US has a universal education system that puts it ahead of many other manufacturing centers around the world. A higher educated and tech-savvy workforce makes it easier for manufacturing companies to recruit better talent. More talented workers mean improved manufacturing processes and outcomes.
5. Compliance With Environmental Regulations
Finally, the US is largely committed to environmental protection when it comes to manufacturing. Government regulations for pollution and environmental impact are stricter here in the US than in most places overseas.
The drive for greater sustainability is not only important to the longevity of your business but is also increasingly important to customers

https://msipipeprotection.com/reasons-to-invest-in-american-manufacturing/

Posted by alenac > 2024-03-06 20:38 | Report Abuse

Whatever the reason to build a glove plant in America, the end product must be cheaper than in China & Malaysia. A glove plant is not a high-tech value-added industry where the margin is super high. The reason most industries seeking low cost goes to emerging economies & China.

Posted by myinvestor > 2024-03-07 10:10 | Report Abuse

https://splash247.com/first-casualties-feared-in-red-sea-shipping-crisis-as-crew-abandon-missile-struck-bulker/
First casualties feared in Red Sea shipping crisis as crew abandon missile-struck bulker.

Supermax setup factory in USA is step to right direction. In future Spmx will able diverge the shipments from North America to Europe customers despite the red sea shipping crisis..

Posted by tradek > 2024-03-07 10:25 | Report Abuse

Any idea when the factory will start commissioning and start shipping?

myinvestor

https://splash247.com/first-casualties-feared-in-red-sea-shipping-crisis-as-crew-abandon-missile-struck-bulker/
First casualties feared in Red Sea shipping crisis as crew abandon missile-struck bulker.

Supermax setup factory in USA is step to right direction. In future Spmx will able diverge the shipments from North America to Europe customers despite the red sea shipping crisis..

Posted by alenac > 2024-03-07 10:30 | Report Abuse

myinvestor, you must be a rep of Stanley? Let us have a glimpse of the US factory projections of sales. profit and its assumptions.
myinvestor
https://splash247.com/first-casualties-feared-in-red-sea-shipping-crisis-as-crew-abandon-missile-struck-bulker/
First casualties feared in Red Sea shipping crisis as crew abandon missile-struck bulker.

Supermax setup factory in USA is step to right direction. In future Spmx will able diverge the shipments from North America to Europe customers despite the red sea shipping crisis..

16 minutes ago

Posted by younglean > 2024-03-07 19:11 | Report Abuse

Glove stocks moving up instead 😆

https://www.thestar.com.my/business/business-news/2024/03/07/no-v-shaped-recovery-for-glove-sector-in-2024

Posted by myinvestor > 2024-03-08 10:47 | Report Abuse

Global Disposable Medical Gloves Market size was valued at USD 4,147 Million in 2021 and is projected to reach USD 8,485 Million by 2028, growing at a CAGR of 9.63% from 2021 to 2028 according to a new report by Intellectual Market Insights Research.
Disposable Medical Gloves Market Players Analysis:

Berhad Supermax Corporation
Berhad Kossan Rubber Industries Bhd.
Cardinal Health Semperit AG
Ansell Ltd.
Top Glove Corporation
Bhd Hartalega Holdings
Holding Rubberex Dynarex Corporation
B. Braun Melsungen AG

Supermax ranking no.1 in the analysis

Posted by myinvestor > 2024-03-08 10:49 | Report Abuse

https://www.intellectualmarketinsights.com/report/disposable-medical-gloves-market-size/imi-000593

Posted by alenac > 2024-03-08 11:07 | Report Abuse

So what are you trying to say? Right now there are sizeable stocks not absorbed by the market till 2026.

Posted by myinvestor > 2024-03-11 16:49 | Report Abuse

Maxter healthcare inc Texas, factory buildings electricity are connected already. Latest photo updates 6 hours ago. It seem SPMX factory could be ready for production probably in 2nd quarter.
https://www.google.com/maps/uv?pb=!1s0x8640f5195aae5cc9:0x257cd588fa38ea3b!3m1!7e115!4s/maps/place/maxter%2Bhealthcare%2Binc%2Btexas/@29.3746661,-95.4416161,3a,75y,220.65h,90t/data%3D*213m4*211e1*213m2*211s_oOhETf48TjQ4BeUmqmBZg*212e0*214m2*213m1*211s0x8640f5195aae5cc9:0x257cd588fa38ea3b?sa%3DX%26ved%3D2ahUKEwjEkbqH5-uEAxUny6ACHUCzAwcQpx96BAgTEAA!5smaxter+healthcare+inc+texas+-+Google+Search!15zQ2dJZ0FRPT0&imagekey=!1e2!2s_oOhETf48TjQ4BeUmqmBZg&hl=en

Posted by ChloeCheong > 2024-03-11 16:57 | Report Abuse

@myinvestor. Do you know how many gloves Supermax's Texas factory can produce?

Posted by myinvestor > 2024-03-11 17:16 | Report Abuse

Supermax expects each phase to produce 400 million gloves/month (phase 1). When all four phases are completed, the facility will produce 19.2 billion gloves/year
@ChloeCheong
Do you know how many gloves Supermax's Texas factory can produce?

Posted by tradek > 2024-03-11 17:33 | Report Abuse

Thx for the update...
2nd Q - so fast. Any idea if equipment installation already started?

myinvestor

Maxter healthcare inc Texas, factory buildings electricity are connected already. Latest photo updates 6 hours ago. It seem SPMX factory could be ready for production probably in 2nd quarter.

Posted by myinvestor > 2024-03-12 12:31 | Report Abuse

Installation of plant and machinery
shall follow once the main civil and structural works are completed in year 2023 (qtr report). I believe the installation should be started in Jan 2024. Testing n commissioning of equipment should be completed before 2nd qtr.


@tradek
Thx for the update...
2nd Q - so fast. Any idea if equipment installation already started?

Posted by Investor126 > 2024-03-12 14:50 | Report Abuse

US' operation will deplete the reserved cash very soon. The expansion is not as brigthful as most of you think.

Posted by tradek > 2024-03-12 15:19 | Report Abuse

Very optimistic... in fact my thinking is since we see the first electrification photo on yesterday you sent... i think installation of equipment could be only be starting now... installation and commisioning and test run, i think easily 6 months... perhaps 2 more quarters... then after test run if successful, need to submit samples to FDA for certification. my 2 cents...

Installation of plant and machinery
shall follow once the main civil and structural works are completed in year 2023 (qtr report). I believe the installation should be started in Jan 2024. Testing n commissioning of equipment should be completed before 2nd qtr.

Posted by EngineeringProfit > 2024-03-12 15:33 | Report Abuse

Reversal pattern is most profitable $$$

Posted by ChloeCheong > 2024-03-13 16:33 | Report Abuse

@myinvestor. Thanks for the info. I'm guessing the gloves they make in Texas must have higher asp because the labor costs are high there

Posted by myinvestor > 2024-03-13 17:07 | Report Abuse

Offset by shorter lead times, lower shipping cost, high quality products, high tax relief (saving 200m/year), Environmental compliance, No forced labor risk and no red sea crisis.

@ chloeCheong,
Thanks for the info. I'm guessing the gloves they make in Texas must have higher asp because the labor costs are high there

Posted by KimSua > 2024-03-17 15:24 | Report Abuse

US tariffs exclusion on Gloves imports from china will end on May 31st. I doubt they will extend this exclusion and impose back the25% tariffs. With trump in the presidency race, Biden will act tougher with China.
With US inflation under control and imports alternatives which will/can be well absorb and not pass down to consumers, high change on the import tariffs (especially covid19 category) to be reinstated. Let's wait for the news

Posted by ChloeCheong > 2024-03-18 21:07 | Report Abuse

Trump will be stricter on China. He will impose 60% tariffs

Posted by myinvestor > 2024-03-19 09:49 | Report Abuse

“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.

Recruitment drive start in middle of Year 2024.
https://www.businesstoday.com.my/2023/12/08/supermax-corps-usa-facility-ready-by-end-dec-2023/