SUPERMAX CORPORATION BHD
KLSE (MYR): SUPERMX (7106)
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Last Price
0.83
Today's Change
-0.015 (1.78%)
Day's Change
0.825 - 0.845
Trading Volume
2,510,800
News and Blogs
Discussions
99 people like this. Showing 50 of 221,996 comments
See money take money loh otherwise dont know how many years will be trapped !
3 weeks ago
Actually Supermax is better than Topglove because their cash in hand compare to their debt looks better.
3 weeks ago
https://www.orientaldaily.com.my/news/international/2023/09/07/594837
Read carefully all glove tards
3 weeks ago
Googoletranslate says USA has banned China medical gloves because found Covid virus contamination in samples.
Posted by ks5S > 34 minutes ago | Report Abuse
sorry, nutsuko
can you translate to japanese ? i don't know mandarin
3 weeks ago
Price 82.5
Resistance 87 cents(Break but come down in a small range bound few days then up back is the genuine)
Support 80.5 cents
7/9/23 11.20pm
3 weeks ago
https://www.regulatoryoversight.com/2023/02/new-dod-rule-limits-ppe-from-china-and-other-foreign-nations/
On January 30, the U.S. Department of Defense (DOD) issued an interim procurement rule, prohibiting the procurement of personal protective equipment (PPE) from four “non-allied” countries: China, North Korea, Russia, and Iran.
Effective January 31, the draft interim rule implements the restrictions in the 2022 and 2023 National Defense Authorization Acts (NDAA), which limit the acquisition of “covered items” like PPE and “sanitizing and disinfecting wipes, testing swabs, gauze, and bandages.” The restrictions (1) boost public health in the U.S., (2) encourage the expansion of domestic capacity to produce PPE, (3) enhance U.S. national security by reducing PPE dependence on these countries, and (4) reduce the influx of counterfeit PPE items into the U.S. The ban on covered items does not apply to PPE procurement used outside of the U.S. or if the maximum procurement value is under $150,000.
3 weeks ago
Supermax 80.5
Feng shui say must collect glove counter 20 sept onward
12/9/23 11.36pm
3 weeks ago
My US fren told me:-
Currently, US is rely on imported glove, so they welcome the cheap price glove from China. Moving forward, once there are more n more manufacturer setup in US, US will start to impose the Anti Dumpling Law against China, because those China Manufacturer are selling their product below their own cost, so this is not fair to US Glove Player.
By that time, China player will be force to increase their price and they will become less competitive. And Supermax US Factory will be benefit from this.
2 weeks ago
Move on, guys. You are just gambling on a pathetic counter, where the script has written since 2021. This might moves on till 2025, or maybe longer. So, why parked your funds here while you can roll somewhere else for better ROI? The longer you parked here, the louder you cry.
2 weeks ago
no update so far, but the last update on US factory about 3 months ago was this post... https://www.linkedin.com/feed/update/urn:li:activity:7071501349732974592/?updateEntityUrn=urn%3Ali%3Afs_feedUpdate%3A%28V2%2Curn%3Ali%3Aactivity%3A7071501349732974592%29
Distribution center looks completed, First of 4 manufacturing plant is halfway... bet AGM end of year will have more info... So far the news is quite mixed, either start production end of year, or only complete plant 1 end of year and start in Q1/Q2 2024 etc... so best to ask during AGM...
2 weeks ago
US lifts import ban on Supermax over forced labour concerns
KUALA LUMPUR (Sept 20): The US allowed imports from Supermax Corp Bhd, after customs authorities lifted a ban imposed on the company since October 2021 for alleged forced labour.
In a statement on Tuesday, the US Customs and Border Protection (CBP) said effective immediately, the agency will allow imports of disposable gloves manufactured by Supermax Corp and its wholly owned subsidiaries to enter the US, provided they are otherwise in compliance with US laws.
The CBP on Oct 21, 2021, issued a withhold release order (WRO) against Supermax Corp and its wholly owned subsidiaries (Supermax Glove Manufacturing, Maxter Glove Manufacturing Sdn Bhd and Maxwell Glove Manufacturing Bhd).
CBP Senior Official Performing the Duties of the Commissioner Troy A Miller said the action underscores the ongoing impact of CBP’s enforcement efforts in driving remediation and eliminating forced labour from supply chains.
“Everyone is entitled to humane and dignified treatment in the workplace, no matter who they are or where they live, and that’s why this work matters,” said Miller.
CBP began enforcing the WRO against Supermax Corp and its wholly owned subsidiaries based on evidence reasonably indicating the presence of 10 of the 11 International Labour Organization indicators of forced labour.
In response to the WRO, the company demonstrated to CBP that it has taken steps to remediate the forced labour indicators identified in its supply chain.
Meanwhile, CBP’s Office of Trade's Executive Assistant Commissioner AnnMarie R Highsmith said the agency’s vigilance on this issue is showing the industry and the world that it is fully committed to elevating the ethical standard of goods entering the US and ending forced labour.
Thus far in fiscal year 2023, CBP has issued four modifications.
CBP said forced labour enforcement efforts have resulted in the improvement of living and working conditions for tens of thousands of workers, including the repayment of more than US$50 million (RM234.72 million) in withheld wages and recruitment fees used to trap workers in debt bondage.
At the time of writing, Supermax Corp gained 1.23% or one sen to 82 sen with 1.66 million shares traded.
Read also:
US Customs issues seize order on Supermax products on forced labour finding
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2 weeks ago
Finally cbp lifted wro. US restriction China ppe final rule 20/7/2023 updated.
https://www.federalregister.gov/documents/2023/07/20/2023-15154/defense-federal-acquisition-regulation-supplement-restriction-on-acquisition-of-personal-protective
2 weeks ago
https://www.cbp.gov/newsroom/national-media-release/cbp-modifies-withhold-release-order-against-supermax-corporation
cbp media release on modifies supermax wro.
2 weeks ago
https://www.thestar.com.my/business/business-news/2023/09/20/us-customs-lifts-ban-on-supermax-gloves
USA is pure evil! During covid they jealous our glove companies make big profits. Now COVID over, foreign worker no longer issue anymore
2 weeks ago
At last they lifted the import ban and hopefully it will raise the demand a bit
https://theedgemalaysia.com/node/683219
1 week ago
Topglove is not banned to sell to US, right? See how much was their revenue last quarter?
1 week ago
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.
1 week ago
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...
1 week ago
A two-year-long US import ban on Supermax rubber gloves has been lifted from Sept 18
1 week ago
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
1 week ago
True, previously US market had been always 10-15% of company revenue and profit.
1 week ago
US will buy more gloves from Malaysia after they lifted the ban in order to 'compensate' something
1 week ago
Insider news, TopGlove coming QR will be worst than expectation , it will cause the bad market sentiment toward glove counters , good luck guys.........
3 days ago
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last 2 days , Top glove shorties covered 100mil shares. A good sign gloves is back.
4 weeks ago