younglean

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

1 month ago

younglean

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

1 month ago

alenac

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

1 month ago

younglean

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

1 month ago

Investor126

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.

1 month ago

myinvestor

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/

1 month ago

alenac

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.

1 month ago

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..

1 month ago

tradek

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..

1 month ago

alenac

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

1 month ago

younglean

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

1 month ago

myinvestor

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

1 month ago

myinvestor

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

1 month ago

alenac

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

1 month ago

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.
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

1 month ago

ChloeCheong

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

1 month ago

myinvestor

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?

1 month ago

tradek

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.

1 month ago

myinvestor

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?

1 month ago

Investor126

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

1 month ago

tradek

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.

1 month ago

EngineeringProfit

Reversal pattern is most profitable $$$

1 month ago

ChloeCheong

@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

1 month ago

myinvestor

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

1 month ago

KimSua

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

1 month ago

ChloeCheong

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

1 month ago

myinvestor

“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/

1 month ago

ChloeCheong

Supermax is Andy-Hall Proof now 😁

1 month ago

EngineeringProfit

I'll back soon

1 month ago

younglean

Who will be back to where soon? 😏

1 month ago

KimSua

Glove manufacturers is US will not survived if the 25% tariffs is not reinstated. I don't think they will continue with this exclusion made during the Covid 19 emergency. Supermx will be the main beneficiary and all big 4 will benefit if this is true. Let's see.

1 month ago

myinvestor

GHSC-QA is publishing this list of manufacturers, included in US FDA Import Alert 80-04 (Published Date: 01/Dec/2023), with a recommendation to NOT procure medical gloves (examination or surgical) from these manufacturers.

Import Alert 80-04 (fda.gov) 2023.
Firm Country
Filta Safety Products Co Limited China
HUAGUANG MEDICAL PRODUCTS CO.,LTD. China
Jiayuan Medical Products Co., Ltd. China
Letcom Medical Products Co.,Ltd. China
Pinnacle Co., LTD China
SHANDONG BAISHENG MEDICAL PRODUCTS CO., LTD China
SHANGDONG TAIXIANG MEDICAL PRODUCTS CO., LTD. China
SHANXI HONGRUIDA HEALTH PROTECTION TECHNOLOGY CO LTD China
WeiLin Plastic And Rubber Products Company Limited China
ZEHUI GLOVE CO., LTD. China
ZIBO LANHUA MEDICAL PACKAGING MATERIAL CO., LTD. China
Zibo Yahao Supplies Co., Ltd China

1 month ago

5231428

Supermax will greatly benefit from the US ban on China gloves.

1 month ago

younglean

Supermax won't be kacau by andy lao hall, no more. ha

4 weeks ago

myinvestor

GHSC-QA is publishing this list of manufacturers, included in US FDA Import Alert 80-04 (Published Date: 01/Dec/2023), with a recommendation to NOT procure medical gloves (examination or surgical) from these manufacturers.
Import Alert 80-04 (fda.gov) Updated 28/2/24
Firm Country
Dongtai City Huayi Gloves, Co., Ltd. China
Filta Safety Products Co Limited China
Grand Work Plastic Products Co., Ltd. China
Guangdong Kingfa Sci. & Tech. Co., Ltd. China
HUAGUANG MEDICAL PRODUCTS CO.,LTD. China
Jiayuan Medical Products Co., Ltd. China
Jinzhou City Xinrui Plastic Products Co., Ltd. China
Letcom Medical Products Co.,Ltd. China
Pinnacle Co., LTD China
SHANGDONG TAIXIANG MEDICAL PRODUCTS CO., LTD. China
SHANXI HONGRUIDA HEALTH PROTECTION TECHNOLOGY CO LTD China
Shandong Yinghong Medical Products Co Ltd China
Syntex Healthcare Products Co., Ltd. China
WeiLin Plastic And Rubber Products Company Limited China
Wise Medical Products Co., Ltd. China
XIANGYUN MEDICAL PRODUCTS CO., LTD China
ZEHUI GLOVE CO., LTD. China
ZIBO LANGU NEW MATERIAL TECHNOLOGY CO., LTD China
ZIBO LANHUA MEDICAL PACKAGING MATERIAL CO., LTD. China
Zibo Intco Medical Products Company Limited China
Zibo Yahao Supplies Co., Ltd China
Zibo Yingbo Medical Products Co., Ltd. China
INTCO MEDICAL HK CO LTD Hong Kong
Tegamen Safety Products PVT. LTD. India
Latexx Manufacturing Sdn Bhd Malaysia

Intco Medical Hk CO LTD is in the FDA alert list.

4 weeks ago

tradek

re: Myinvestor

I saw maxter name also in the list, do you know if they are affected too? What is YY glove, YZ glove etc... ?

Maxter Glove Manufacturing Sdn Bhd
Date Published : 03/13/2024
Lot 6070, Jalan Haji Abdul Manan, , 6th Miles Off Jalan, Meru , Klang, Selangor, MALAYSIA
80 F - - MC Glove, Patient Examination
Date Published: 03/13/2024
Desc: Examination Gloves
Notes: *Level 1
80 L - - YY Glove, Patient Examination, Latex
Date Published: 03/13/2024
Desc: Examination Gloves
Notes: *Level 1
80 L - - YZ Glove, Patient Examination, Vinyl
Date Published: 03/13/2024
Desc: Examination Gloves
Notes: *Level 1
80 L - - ZA Glove, Patient Examination, Poly
Date Published: 03/13/2024
Desc: Examination Gloves
Notes: *Level 1
80 L - - ZC Glove, Patient Examination, Specialty
Date Published: 03/13/2024
Desc: Examination Gloves
Notes: *Level 1

4 weeks ago

myinvestor

Re: tradek
I saw maxter name also in the list, do you know if they are affected too? What is YY glove, YZ glove etc... ?

You may try this link to download whole Import alert in excel file. Under notes u can sort the year 2023,2024 to get the latest alert data.
https://ghsupplychain.org/sites/default/files/2024-03/USAID%20GHSC%20Medical%20Glove%20Manufacturers%20not%20recommended%20for%20procurement%20%28Uncontrolled%20Copy%29_04MAR2024.xlsx

4 weeks ago

tradek

Import Alert 80-04
https://www.accessdata.fda.gov/cms_ia/importalert_229.html

I saw over here... Not sure if its the right place... Although ur link dont show maxter in the list

4 weeks ago

Investor126

Imagine the loss widened with the upcoming quarter. Be prepared for the worst to come.

3 weeks ago

younglean

Loss widened due to huge capex?

3 weeks ago

Why2TellMeWhy

https://www.cdc.gov/ncird/whats-new/human-infection-H5N1-bird-flu.html

2 weeks ago

younglean

Positive news for gloves

https://thesun.my/business/demand-prices-for-medical-surgical-rubber-gloves-rising-expert-PC12320492

1 week ago

ChloeCheong

When will Superman fly towards Rm1? 😗

1 week ago

ivanlau

Monday will gap down due to Supermax big share holder family issue , good luck guys....... foresee it will drop to 75 cents..........

3 days ago

Albukhary

I try to predict another way.
Monday will be gap up, as now both parties is trying to acquire more share in order control the company.
Foresee it will increase above 90 cents.

3 days ago

speakup

https://www.freemalaysiatoday.com/category/highlight/2024/04/22/yet-another-twist-in-supermaxs-thai-family-saga/

1 day ago

smartepf

You think why Tan Bee Geok want to get hold of her share ? To sell it la. This Thai already 60 still cannot let go!

1 day ago

alenac

It's more of an ongoing tussle between family members and Thai. The business also went down the drain due to the added fiasco of building a plant in the USA.

15 hours ago

ChloeCheong

Their family feud is controversial, but it still moves up and breaks 80 cents. ha😁

11 hours ago

Albukhary

Share price is 81sen, NTA is RM1.76.
Many land price has not revaluate.. After revaluate maybe RM2.50.
If you are Tan Bee Geok, you want to sell at 81sen?

11 hours ago