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Daniel, with no tariff for US made gloves and apparently no sea freight shipping cost, the US made gloves may be competitive enough. in addition, there was a proposal to include medical PPE made in the US to be included in the US subsidy list. I recalled it suppose to start in 2026 but seems nobody realized this old announcement back in 2024.
The commencement of production at our US plant in Brazoria County, Texas, positions Supermax
to be one of the key beneficiaries of the severe US tariffs on Chinese gloves, directly serving US
buyers who are seeking non-China supply. This promises to be a direct competitive advantage
as our gloves are exempt from all US import tariffs.
boss won't have the financial and focus to do such massive exercise as still having long court case with his ex wife. all their shares and accounts are frozen until the marital court case complete.
now we know he s desperate to secure the New York license casino by even go all in with highest tax and bids. He even desperate to privatize GenM for total control stake to further his goals in operating and investing more in the US. can a mere 20% minority shareholders stopped him from getting what he wants? it s a futile action and we watched too much meme share like GME. it won't happen here as Malaysia market is too small for minority shareholders to take collective action
Dont forget that we are dealing with a casino boss. can we really outsmart a casino boss on his poker game? he control the cards, he controls the croupier and he even controls the security and CCTV. he can even refuse to exchange your casino chips. don't read into the numbers too much. just follow the stories he wanna sell.
cheng, the low profit in both GenM and Genting already magic numbers..the boss can just do some creative accounting to align to what he plans to do or what stories he wanna sell. I just awaiting how the existing ownership from 64% up to 75% all of sudden next Monday for the privatization.
