The year 2024 was eventful for Supermax Corporation Berhad $SUPERMX (7106.MY)$ and its investors, marked by both opportunities and challenges. The stock exhibited high volatility, ranging from a low of RM0.78 to a high of RM1.26, reflecting the glove's producers consolidation, glove's demand recovery and U.S. tariff imposed on Chinese glove manufacturers.
Key highlights included Supermax's strategic decision to build a new factory in...
Key highlights included Supermax's strategic decision to build a new factory in...
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Cinmas OP : Supermax Corporation Berhad 2024 Timeline of Key Events
April 2024
Scandal involving the founder and his wife comes to light.
May 2024
Reports surface of increased U.S. tariffs on Chinese glove manufacturers, boosting demand for gloves from alternative markets, including Malaysia.
September 2024
Strategic initiatives, including operational efficiency improvements and market diversification efforts and status of U.S. plant are announced.
December 2024
Proposed 1-for-5 bonus issue and 1-for-20 free warrants unveiled.
Supermax’s share price reaches a three-year high of RM1.26 on December 20th.
Cinmas OP : https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-12-17-story-h476637158-SUPERIOR_SUPERMAX_A_RISING_STAR_AGAIN_DUE_TO_ITS_FIRST_MALAYSIAN_GLOVE_F
Cinmas OP : https://theedgemalaysia.com/node/729668
Cinmas OP : - YouTube
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Merry Christmas
Cinmas OP : https://www.reuters.com/world/china/china-steps-up-monitoring-emerging-respiratory-diseases-2024-12-27/