SUPERMAX CORPORATION BHD
KLSE (MYR): SUPERMX (7106)
You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!
Last Price
0.96
Today's Change
+0.03 (3.23%)
Day's Change
0.92 - 0.97
Trading Volume
12,306,600
Overview
Market Cap
2,612 Million
NOSH
2,721 Million
Avg Volume (4 weeks)
11,978,590
4 Weeks Range
0.74 - 0.97
4 Weeks Price Volatility (%)
95.65%
52 Weeks Range
0.64 - 1.33
52 Weeks Price Volatility (%)
46.38%
Previous Close
0.96
Open
0.925
Bid
0.955 x 110,100
Ask
0.96 x 34,500
Day's Range
0.92 - 0.97
Trading Volume
12,306,600
Financial Highlight
Latest Quarter | Ann. Date
31-Dec-2022 [#2] | 20-Feb-2023
Next QR | Est. Ann. Date
31-Mar-2023 | 25-May-2023
T4Q P/E | EY
-46.39 | -2.16%
T4Q DY | Payout %
6.06% | 0.00%
T4Q NAPS | P/NAPS
1.72 | 0.56
T4Q NP Margin | ROE
-5.11% | -1.21%
Market Buzz
2023-03-27
News and Blogs
Company Profile
Sector: HEALTH CARE
Sector: HEALTH CARE
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
97 people like this. Showing 50 of 221,694 comments
Moooon ! Moon to longgang !!!
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3328289
1 month ago
lari.. they should start selling assets and trim down company to pre-covid era la..
1 month ago
Many here been telling not to collect after 2020, but still got naive people who refused to listen and call buy. Now this "impressive" QR will let you jaw drop even more. Be prepared to stuck forever.
1 month ago
Breaking news: Supermx key stakeholder potentially proposed to acquire one of the profitable Electronic Vehicle (EV) company from excess internal funds.
1 month ago
US 30 33,603.9 -93.0 -0.28%
US 500 4,072.0 -18.4 -0.45%
Dow Jones 33,696.85 -431.20 -1.26%
S&P 500 4,090.41 -57.19 -1.38%
Nasdaq 11,855.83 -214.76 -1.78%
1 month ago
Breaking news: Supermax to close down some cost inefficient plants and relocate to more efficient automated production plant to improve the bottom line cost performance. Analyst expected with this cost reduction activity, Supermax expected able to cushion the rising cost impact and low
ASP. Analyst expected likely with this exercise, Supermax able to reach break even performance.
1 month ago
Breaking news: Earnings adjustments. We forecast an FY23F core loss of MYR120m from a profit of MYR33m to account for lower effective capacity, lower utilisation rates, and a weaker USD.
SELL with higher MYR0.62 TP after tweaking our DCF assumptions. Our TP implies 0.3x FY24F P/B, against its pre-COVID-19 historical mean of 1.6x. We think SUCB’s previous aggressive expansion plans and OBM business model (typically carries high fixed costs) could be detrimental to its efforts to streamline its cost. Key risks: Higher-than-expected sales volumes, stronger- than-expected USD/ MYR, and lower-than-expected raw material prices.
1 month ago
Impressive loss rather, it seems that Malaysia will slowly lose out to bigger fighters over at the mainland. Topglov next to go?
1 month ago
KUALA LUMPUR (Feb 9): The US Customs and Border Protection (CBP) has modified the withhold release order (WRO) against imports of synthetic disposable gloves manufactured by YTY Group....
The agency announced on Wednesday (Feb 8) that shipments from YTY Group, which had been banned since a year ago due to forced labour allegations, will be allowed to enter the US effective immediately.
“Since the implementation of the WRO, YTY Group has taken numerous actions to remediate forced labour indicators within its manufacturing process and employee housing facilities,” the CBP said in a statement.
1 month ago
Ukraine war live updates: Putin suspends nuclear arms treaty with U.S.; hits out at oligarch traitors
Karen Gilchrist
This is CNBC’s live blog tracking developments on the war in Ukraine. See below for the latest updates.
1 month ago
glove sector may need at least 3-5 more years before sunshine, my thought which plugged from sky
1 month ago
Once again, if you refer back the history, you may know if this counter worth to buy or not.
For me, as simple as ABC, the management has never been proactive in handling certain issue is already a big mistake. And more to come too.
1 month ago
Breaking news: Local institutions funds continue short Supermx with the expectation Supermx will not able to recover the business within this year due to prolonged low ASP
1 month ago
Lol investor126 still here. Me and him are true fighters. We fought bull well together
1 month ago
Up until now my main account habisglove still banned. U can see admin won't admit their wrongdoing even though we r right
1 month ago
Supermax ODM can sub the gloves manufacturing to China companies to produce the gloves for them under their brand name bc of lower cost. The cost saving from manufacturing are able to provide more competitive price to the Europe and US market.
3 weeks ago
Sell for these reasons
China in HUGE GLUT OF GLOVE OVER PRODUCTION
Vaccine knocked off Covid 19
High Crude oil prices caused HIGH COST
High Cost. Fierce Price War. Total Glut
Will go down another one two years
Later might as you for money by Rights Issue
Better buy TSH, THPLANT, BPLANT OR JTIASA
ALL THESE EARNING LOTS OF $$$
WILL GIVE YOU GOOD DIVIDENDS
3 weeks ago
Posted by Jason85 > 18 hours ago | Report Abuse
Management shall do something already in view of this.
In fact, supermax had already sub glove manufacturing to Blue sail china, Intco, to produce nitrile gloves for them under aurelia brand.
Blue sail china. export data.
73996 AURELIA BOLD NITRILE PF 5MIL FULL TEXTU RE BLACK S 73997 AURELIA BOLD NITRILE PF 5MIL FULL TEXTURE BLACK M
4 weeks ago
Welcome Lehmann brothers crisis 2.0 ! All gamblers will be bankrupt in 2023 ! What a good show ! Enjoy all !
2 weeks ago
Dow Jones
Dow Jones Industrial Average
31,980.75
-274.11
0.84%
Nasdaq
NASDAQ Composite
11,172.58
-165.77
1.46%
2 weeks ago
TIG - The Investment Gents 中文 is back on Facebook. Change their websites but faces still the same. Gloves is still in longkang
2 weeks ago
顶级手套亏损未恶化 手套股逆市大涨
Sinchew Thu, Mar 16, 2023 09:03pm - 11 hours
（吉隆坡16日讯）顶级手套（TOPGLOV,7113,主板医疗保健组）业绩亏损并未如市场预期般进一步扩大，并表示将上调手套平均售价，市场认为手套平均售价已触底，而处在低股价水平的手套股也大获投资者追捧，使得手套股在马股逆市中掀起“涨风”。
Areca资本首席执行员黄德明在接受《星洲日报》电话访问时指出，虽然顶级手套业绩持续报亏损，但并非如市场预期般进一步扩大，公司也表示将上调手套股平均售价，这意味着手套平均价格已经见底，之后会出现回弹。
另外，在过去一两个月内，中国手套制造商已上调了手套售价，因此大马与中国手套的售价差距减少，为大马手套商提供了调整售价的空间。
“还有就是整个市场情绪，大家都在找寻股价已经见底的股项，像是之前跌了很多的手套股，价格是相对便宜的。”
1 month ago
Make Gloves Great Again: Look Forward
Many are asking - why glove stocks are running after reporting huge losses. Simple, because stock market looks forward, not backwards, not even at the present. Usually, most take a 12-month view. Remember Mar-Apr 2020? Many stocks tumbled 50-70% as funds panicked and rushed to sell out holdings, especially tech stocks. On the other hand, retailers believed that although earnings outlook for stocks might be very bad for the next few quarters, but share price has fallen too much. They believed if they invest and hold their nose for 12 months, the outlook will eventually improve, and they could potentially make more than 100%. So they took the bold decision to start buying the stocks way before the stocks turn profitable. Sounds familiar? Let's examine if this is a déjà vu for gloves below:
ASP finally started rising - the one signal the whole market had been waiting for a long time, and now it's here. Harta raised ASP this Feb. Topg has followed suit, and will be raising again in April. Even Chinese players like Intco also said they will start raising in 2Q-3Q this year.
Customers' destocking will end in a few months' time (according to glovemakers), and inventory will go back to normalised level - so no more excess inventory. Once that happens, customers will have to start restocking again. One of the signs was, glove tenders from government and NGOs have stopped for 1.5 years, and recently, Topg saw the tenders coming back from UK, and rising enquiries from other countries. So, if we look forward, glovemakers' utilisation rate/volume could improve.
No more oversupply. All small glovemakers like Mah Sing, Salcon and many Chinese players have exited the market. Semperit also sold its glove business. Not to mention major players like Topg, Intco and Harta have all aborted expansion plans, and in fact, halted a big chunk of their existing capacities.
Costs will likely peak in 1H 2023, and could improve in 2H 2023, because natural gas prices (needed for production) will likely fall in coming months as oil prices have fallen almost 50% from last year's peak. Besides, the worst impact from electricity tariff hike will be effected in 1H 2023. Anwar said "we will only increase tariff for big companies that earn billions of profits". Are glovemakers making billions of profits now? Obviously not. So I believe electricity rates will not rise further for glovemakers in 2H 2023. So, if we look forward, costs could improve.
So how now brown cow? Yes, admittedly things are still not rosy yet right now, but if ASP climbs, volume picks up and cost improves later, doesn't that indicate the worst losses could be over by Mar or Jun 2023 quarter, and things could improve thereafter? So if we look forward and take a 12-month view, can we make more than 100% from gloves this time? I'm not sure, but pre-pandemic, Harta for instance was trading at RM5-7, now it's below RM2. Btw, TOPG, the leader of glove, has just seen MA200 breakout the first time after 2 years.
F China supply. Some may argue, China may spoil market, like steel last time. Consider this difference: more than 50% of steel supply comes from China, whereas only around 20% of glove supply comes from China while Malaysia has 60% market share. So who's the price determinant over the long term? Don't forget, some of their supplies need to go to their own domestic consumption. More importantly, consider ESG - Europe wants to phase out CPO due to ESG issues, and US banned Topg previously due to foreign worker treatment (but lifted it after Topg improved their treatment and resolved it). So what makes u think that these countries would wanna buy from China, which uses environment-killing coal? Not to mention the US-China trade tension now. Why would they prefer Chinese gloves, if glove purchases constitute such a tiny % of hospitals' expenditure? FYI, Europe and US buy 55-60% of gloves produced globally.
To both groups who have bought and have not bought - good luck.
Let's look forward.
1 week ago
Last time when glove companies was still making billion profit, the share price drop like shit. These investors foresee the profit and revenue dropped in next 2 years due to oversupply. Now that 2 years had passed, the same investors foresee that the revenue and profit will back in next 2 years so the share price goes up.
1 month ago
RM1? You will not see it anymore until the next QR.
Even with the upcoming QR issued, the chance to hit RM1 is still low. Be wary of this typical trap.
6 days ago
Post a Comment
Featured Posts
MQ Trader Announcement!
Trending Events
MQ Trading Signals
Time
Signal
Duration
Type
2023-03-29 16:01:03
TURTLE SYSTEM 20
Hourly
BUY
2023-03-29 15:02:05
TURTLE SYSTEM 20
30 Mins
BUY
2023-03-29 14:50:41
TURTLE SYSTEM 55
10 Mins
BUY
2023-03-29 11:19:44
TURTLE SYSTEM 20
10 Mins
BUY
2023-03-29 09:53:19
EMA 5
10 Mins
BUY
Apps
Top Articles
1
save malaysia!
2
Rh Research Blog
3
5
6
RHB Investment Research Reports
7
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
BursaVulture
topglove boss went kuku with the sudden windfall. crazy dividends and share buybacks... he still thinks TG will be profitable in a few quarters... i think this is a long long battle as most glove companies are cash rich, can fight till last man standing. TG... TG naked now.
0 seconds ago