The research house also expects the endemic transition period to last for another three quarters before glove manufacturers will be able to pass on the entire cost increase as seen during the pre-pandemic period as the supply or demand situation normalises.
new issue of securities (chapter 6 of listing requirements) : bonus issues supermax corporation berhad (supermax or the company) bonus issue of up to 1,360,309,760 new ordinary shares in supermax (supermax share (s) or share (s)) (bonus share (s)) on the basis of 1 bonus share for every 1 existing supermax share held on an entitlement …
On Friday (April 29, 2022), Supermax’s share price closed up two sen or 1.83% at RM1.11 for a market value of about RM3 billion based on the company’s estimated 2.7 billion outstanding shares. Supermax’s major rivals Top Glove, Hartalega and Kossan appear to have halted their share buyback since 2021, according to these companies’ Bursa filings.
Supermax announced on Tuesday that its net profit for the second quarter ended Dec 31, 2021 (2QFY22) fell 95.48% to RM47.84 million from RM1.06 billion for 2QFY21. For 1HFY22, the glove maker's net profit also slipped 62.88% to RM686.37 million from RM1.85 billion a year ago.
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.
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