SUPERMAX CORPORATION BHD

KLSE (MYR): SUPERMX (7106)

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Last Price

0.855

Today's Change

0.00 (0.00%)

Day's Change

0.845 - 0.865

Trading Volume

3,167,900


99 people like this.

222,364 comment(s). Last comment by younglean 1 hour ago

myinvestor

1,199 posts

Posted by myinvestor > 2 months ago | Report Abuse

JP was once worst gloves hater now upgraded glove sector. It is good news. Harta /Kossan target price up 20 to 26% respectively. Expect Supermx to follow uptrend.

CharlesT

14,517 posts

Posted by CharlesT > 2 months ago | Report Abuse

Last time in 2020 or 2021 JP Morgan was the only Inv Banker who got balls to tell you all the truth on Glove.....

But all glovetards hentam them like hell......the rest is the history (glove share prices drop for another 2 years).....

Posted by Apple4Oranges > 2 months ago | Report Abuse

Don't know if it can hit Rm1 tomorrow or not

younglean

159 posts

Posted by younglean > 1 month ago | Report Abuse

New management new game plan for supermax 😁

CharlesT

14,517 posts

Posted by CharlesT > 1 month ago | Report Abuse

Buy more jets ah?

dompeilee

11,888 posts

Posted by dompeilee > 1 month ago | Report Abuse

Shorties really FINITO this time! Die shorties die...DIe SHORTies diE!👍 Skali Monday break $1.20!!!

Posted by ChloeCheong > 1 month ago | Report Abuse

with this kind of movement, shorties will cover back their position in order to stop the bleeding 😄

Michael Kwok

5,963 posts

Posted by Michael Kwok > 1 month ago | Report Abuse

Buy call Price 1.01 or lower
Tp rm 1.30-rm 1.50
Price should be higher thn top glove as more start to restocking gloves and material price down.
6/1/23 2.31am

chongwee

124 posts

Posted by chongwee > 1 month ago | Report Abuse

Gloves Theme is past

joseph

65 posts

Posted by joseph > 1 month ago | Report Abuse

end covid theme supermax fate is below 100

younglean

159 posts

Posted by younglean > 1 month ago | Report Abuse

I like people think that gloves theme is past. That's the timing I hentam gloves 😆

xiaoeh

1,445 posts

Posted by xiaoeh > 1 month ago | Report Abuse

Agreed Younglean
Better run road if full of people are here shouting LU

onhands

160 posts

Posted by onhands > 1 month ago | Report Abuse

HEALTH ·PUBLIC HEALTH
‘Disease X’ could cause the next pandemic, according to the WHO—or Ebola, SARS, or Nipah. 9 pathogens researchers are keeping a watchful eye on
BYERIN PRATER
January 13, 2024 at 7:31 AM GMT+8

younglean

159 posts

Posted by younglean > 1 month ago | Report Abuse

Demand for gloves will surge for sure

Posted by Investor126 > 1 month ago | Report Abuse

What if another quarter comes in red again? You guys think about it.

xiaoeh

1,445 posts

Posted by xiaoeh > 1 month ago | Report Abuse

Posted by Investor126 > 2 minutes ago | Report Abuse
What if another quarter comes in red again? You guys think about it.

Good question Investor126
mind sharing what's in your mind?

myinvestor

1,199 posts

Posted by myinvestor > 1 month ago | Report Abuse

Supermx since resumed shipment to US have sales more 60 m gloves exported. last qtr with zero sales in Us already almost breakeven. Think yourself.

Posted by ChloeCheong > 1 month ago | Report Abuse

Then more likely Supermax will turn green in Q2

JusinKarl

62 posts

Posted by JusinKarl > 1 month ago | Report Abuse

Time to accumulate below 90 and 9 for call warrants before next QR expected on end Feb 24. Targeted price 1.50 in short terms

younglean

159 posts

Posted by younglean > 1 month ago | Report Abuse

We will witness supermax turning superman next month 😁

chongwee

124 posts

Posted by chongwee > 1 month ago | Report Abuse

SMART MONEY VERY SMART EXIT FROM GLOVES TO PROPERTY THEME ...EXSPECIALLY ISKANDAR JOHOR

chongwee

124 posts

Posted by chongwee > 1 month ago | Report Abuse

NO MORE GLOVE THEME ...NO MORE 1MALAYSIA... AGONG WANT MADANI MALAYSIA WANT JOHOR DEVELOPMENT WANT JOHOR GROWTH IN HIGHNESS LEADERSHIP

myinvestor

1,199 posts

Posted by myinvestor > 1 month ago | Report Abuse

Shorties moved their focus on Rapid, Ynh properties , Widad and 13 hit low limits counters.

irwan

90 posts

Posted by irwan > 1 month ago | Report Abuse

2002 SARS 1 year goreng rockets 2 year drop back sleeping 8 year

irwan

90 posts

Posted by irwan > 1 month ago | Report Abuse

2010 last time MERS 1 year goreng rockets ... 2 year drop back ALSO sleeping 10 year

irwan

90 posts

Posted by irwan > 1 month ago | Report Abuse

2020 this time COVID 1year goreng rockets ... 2 year drop back ,look sleeping 8~ 10 year

younglean

159 posts

Posted by younglean > 1 month ago | Report Abuse

Covid moment was an inorganic growth for all glove companies... now back to normal, and it will move up after it turns profit. don't worry

foo

9 posts

Posted by foo > 4 weeks ago | Report Abuse

look difficult stay above 100

Posted by ChloeCheong > 2 weeks ago | Report Abuse

Dragged down by Harta's qr ...

Posted by Investor126 > 6 days ago | Report Abuse

Some time ago, I highlighted the issue and apparently some genius promoter trying hard to spread bs. Where are they now?

CharlesT

14,517 posts

Posted by CharlesT > 6 days ago | Report Abuse

Glovetards never die.......

gohkimhock

2,873 posts

Posted by gohkimhock > 6 days ago | Report Abuse

each quarter they will promise next quarter shall be recovery. This nonsense have been going on for too many quarters 😁. And yet we tend to see people falling into this "sweet talk" trap..

China's threat is real.

SinGor

4,544 posts

Posted by SinGor > 6 days ago | Report Abuse

Hit like Thunder. Analyst said wait for " musang King ".Now they are all Diving from KLCC. Face whiter than Ghost

Posted by EatCoconutCanWin > 6 days ago | Report Abuse

widen loss.. business getting hard. all is gov problem as keep increase raw material cost.

SuperA

18 posts

Posted by SuperA > 6 days ago | Report Abuse

Every Q the management from Glove company in Malaysia will mention the same excuse which is China Glove, China Glove, China Glove. Which mean forever Malaysia Glove company cannot make profit already as long as China Glove still there. The fact is the China Glove will be there forever.

Posted by EatCoconutCanWin > 6 days ago | Report Abuse

Limit down?

Posted by EngineeringProfit > 6 days ago | Report Abuse

yup

Posted by EatCoconutCanWin > 6 days ago | Report Abuse

GG. Wait to average at 0.50

alenac

2,572 posts

Posted by alenac > 6 days ago | Report Abuse

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

Posted by EngineeringProfit > 6 days ago | Report Abuse

Good when cheap price.................I can buy back for another round of profit$

joyvest

10,019 posts

Posted by joyvest > 5 days ago | Report Abuse

Sunset industry. No more cyber troops to hype on it....

SinGor

4,544 posts

Posted by SinGor > 5 days ago | Report Abuse

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

Posted by Adrian Tan > 1 day ago | Report Abuse

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!

younglean

159 posts

Posted by younglean > 1 hour ago | Report Abuse

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

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