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

Overview

Market Cap

2,258 Million

NOSH

2,721 Million

Avg Volume (4 weeks)

5,250,315

4 Weeks Range

0.79 - 0.89

4 Weeks Price Volatility (%)

93.26%

52 Weeks Range

0.70 - 1.07

52 Weeks Price Volatility (%)

77.57%

Previous Close

0.845

Open

0.845

Bid

0.83 x 6,000

Ask

0.835 x 339,300

Day's Range

0.825 - 0.845

Trading Volume

2,510,800

Financial Highlight

Latest Quarter | Ann. Date

30-Jun-2023 [#4] | 29-Aug-2023

Next QR | Est. Ann. Date

30-Sep-2023 | 22-Nov-2023

T4Q P/E | EY

-15.11 | -6.62%

T4Q DY | Payout %

4.11% | 0.00%

T4Q NAPS | P/NAPS

1.72 | 0.48

T4Q NP Margin | ROE

-21.87% | -3.20%

Market Buzz
Company Profile

Sector: 

Sector: 

Subsector: HEALTH CARE EQUIPMENT & SERVICES

Subsector: HEALTH CARE EQUIPMENT & SERVICES

Description:

Supermax Corp Bhd is an investment holding company. The company is an international manufacturer, distributor, and marketer of high-quality medical gloves. It offers various types of latex gloves, which are exported to over 155 countries around the world. The company is organized into the following operating segments, Investment Holding, Manufacturing of Gloves, Trading of Gloves and Others. It has operational footprints across America and Canada, Europe and Asia. The company's largest end market by revenue is the America.

Discussions
99 people like this. Showing 50 of 221,996 comments

myinvestor

last 2 days , Top glove shorties covered 100mil shares. A good sign gloves is back.

4 weeks ago

NatsukoMishima

See money take money loh otherwise dont know how many years will be trapped !

3 weeks ago

ChloeCheong

Kenanga is a reverse indicator for glove sector, ha

3 weeks ago

EngineeringProfit

SUPERMAn is my favourite

3 weeks ago

Go lucky Happy

Actually Supermax is better than Topglove because their cash in hand compare to their debt looks better.

3 weeks ago

EngineeringProfit

It's a bird?

3 weeks ago

EngineeringProfit

3.......2........

3 weeks ago

ks5S

sorry, nutsuko

can you translate to japanese ? i don't know mandarin

3 weeks ago

Felix888

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

Michael Kwok

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

ChloeCheong

It seems like contra players are taking profit today..

3 weeks ago

myinvestor

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

ChloeCheong

Nice sharing, myinvestor. Can tell it to glove naysayer especially natsuko

3 weeks ago

Michael Kwok

Supermax 80.5
Feng shui say must collect glove counter 20 sept onward
12/9/23 11.36pm

3 weeks ago

Albukhary

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

ChloeCheong

Time will tell that glove ASP will increase

2 weeks ago

ChloeCheong

Glove counters will move up this week

2 weeks ago

Investor126

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

ChloeCheong

Just insist don't want to realize the paper loss, hehe

2 weeks ago

frankkoh

Any status update on their US factory?

2 weeks ago

tradek

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

minher

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

tradek

wow, good news...

2 weeks ago

5231428

For sure Supermax will fly.

2 weeks ago

Fklim888

Stanley will be back ...or how far can go ....

2 weeks ago

Havefun

No buying power

2 weeks ago

speakup

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

speakup

Let's all boycott USA products!
I start with McD, Starbucks, ...

2 weeks ago

Casino123

Tommorrow still can buy?

2 weeks ago

SWT1988

will be a brilliant move if pump n dump like how Top glove had done b4.

1 week ago

SWT1988

ikan bilis masuk masuk. cepat masuk

1 week ago

SWT1988

satu kasi sapu n tangkap semua

1 week ago

huatkia

am I billis or brilliant? time will tell
Entry 0.860
TP 1.03-1.13

1 week ago

ChloeCheong

At last they lifted the import ban and hopefully it will raise the demand a bit

https://theedgemalaysia.com/node/683219

1 week ago

SWT1988

c how low it will down after TG qtr result released.

1 week ago

SWT1988

l will only buy if TG result is not too bad or price around 0.70

1 week ago

Havefun

Topglove is not banned to sell to US, right? See how much was their revenue last quarter?

1 week ago

Investor126

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

ChloeCheong

Glove counters will ride up with the good qr from TG

1 week ago

tradek

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

EngineeringProfit

A two-year-long US import ban on Supermax rubber gloves has been lifted from Sept 18

1 week ago

huatkia

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

myinvestor

True, previously US market had been always 10-15% of company revenue and profit.

1 week ago

ChloeCheong

US will buy more gloves from Malaysia after they lifted the ban in order to 'compensate' something

1 week ago

ivanlau

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

SWT1988

C how long they can hold above 0.80

19 hours ago

SWT1988

m waiting @ around 0.70

19 hours ago

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