SUPERMAX CORPORATION BHD
KLSE (MYR): SUPERMX (7106)
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Last Price
0.82
Today's Change
-0.005 (0.61%)
Day's Change
0.81 - 0.82
Trading Volume
826,500
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Discussions
99 people like this. Showing 50 of 222,405 comments
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
1 month ago
Good when cheap price.................I can buy back for another round of profit$
1 month ago
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
1 month ago
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!
1 month ago
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
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
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
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
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
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
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
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
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
So what are you trying to say? Right now there are sizeable stocks not absorbed by the market till 2026.
1 month ago
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
@myinvestor. Do you know how many gloves Supermax's Texas factory can produce?
1 month ago
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
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
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
US' operation will deplete the reserved cash very soon. The expansion is not as brigthful as most of you think.
1 month ago
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
@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
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
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
“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
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.
4 weeks ago
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
3 weeks ago
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.
3 weeks ago
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
3 weeks ago
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
3 weeks ago
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
3 weeks ago
Imagine the loss widened with the upcoming quarter. Be prepared for the worst to come.
2 weeks ago
Positive news for gloves
https://thesun.my/business/demand-prices-for-medical-surgical-rubber-gloves-rising-expert-PC12320492
3 days ago
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