Supermax surges on Q4 turnaround, Bursa's most active in early trade
KUALA LUMPUR: Shares of Supermax Corp Bhd surged more than 14 per cent in early trade after the glove maker returned to profitability in the fourth quarter (Q4) ended June 30,2026.
KUALA LUMPUR: Supermax Corp Bhd's shares skyrocketed over 14 percent during the early trading session of Q4, marking a significant turnaround for the glove manufacturer. The stock was also the most actively traded counter on Bursa Malaysia, with more than 32.5 million shares exchanged within the first 45 minutes. Supermax reached a peak of 36 sen within five minutes, before settling at 31 sen after a 12.9 percent decline, valuing the company at RM1.14 billion.
The surge followed a turnaround in earnings, with the company reporting a net profit of RM80.32 million for Q4, compared to a net loss of RM41.38 million in the previous quarter. Revenue grew 43 percent year-over-year to RM217.3 million, driven by better market conditions and improved cost management. The Q4 performance was a stark contrast to the previous three quarters, during which Supermax had consistently reported losses.
The Q3 net loss was RM41.38 million on revenue of RM126.76 million. Earnings optimism was further reinforced, with the company forecasting more profitability as market conditions improve. Supermax shares closed 12.7 percent higher at 31 sen on the day, up from 27.5 sen earlier.
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