Profit taking after yesterday price hike

.Believed China sinopharm get the vaccine out first

Heavy profit taking yesterday

Must be patient with this counter. Wait for coming qtr result

US DJ index jump from 26,925 points on Wed { 4Nov} to close yesterday at 29,420 { 11Nov} after the US elections and Pzifer announcement. A rise of 2,495 points. { +9.26%} matter of 4-5 trading days. What to Gpacket??

November CPO spot prices trading between MYR 3,300 - MYR 3,450 per tonne { highest for the past 4 - 5 years} uptrend will continue to sustain due to La nina weather conditions in South America soy growing region. Both CPO and SBO prices are closely correlated

Sinopharm and Pzifer are both racing to be the first covid vaccine for mass inoculations. Every lab is testing testing round the clock for a antidote

Pzifer and US politics are interlink { announcement made right after Joe wins } this is to ensure US pharmaceutical firms are in the eyes of the public

Next 2 years will still be OK. Demand already lock in.

Afternoon session will see the trend

Both have the core support. Glove for long term. Vaccine for current theme play

Ecoworld board has asked for more time on the merger proposal tabled by UEM group { 2 Jan 2021}

Glove makers will be hit hard with Pfizer vaccine. Expect trading volatility and heavy selling { Gpacket } possibility following suit. Pharmaceutical stocks will buck the trend and spike upwards

Expect trading volatility in Glove producers. Small players will follow the big 4 trend

Expect trading volatility

Expect trading volatility in Glove markers

Jump-start with Pfizer vaccine theme play. HWGB /Bintai tie up venture with vaccine supplier and producer

Vaccine Pharma theme play

DJ skyrocketed news of vaccine found +1,400 opening

Kwsp collected 3 million Dpharma shares {27/10, 28/10,30/10} PNB collected. 642k {4/11} and YPBumi collected another 642k D pharma shares {4/11}

Cpo on a rising trend. Cpo now sitting at 3,400 per tonne

A lot of retail uncles also got conned by GP at 54-55 by all the hypes and PP placements. Look at the hard figs u see the true picture. No dividends, bad P&L result, share dilution

10 years tax exemption for Malaysian companies dealing with anti covid 19 vaccines under budget?

Calvintaneng :agreed with your reasoning but the main issue lies with palm { CPO } itself. It's not a price maker but it tends to correlate closely with SBO and other competing soft oils. Demand is seasonal and with Brent crude { Gas oil spread } trading at a big discount. Demand for biofuel will not be robust. Not viable to sustain the used of palm biofuel in the long run.
Nevertheless with the El nino or La nina production of palm may be affected. China and India holds the key. Hopefully, we can see better days and higher prices in the coming 3-4 months.

Bagging the new job at Indonesia is a boast for Kpower. Hydro, solar, biomass, power plant projects are our Malaysian expertise . Aminvest has started their coverage and revised their buy call at higher price at 4.16 { based on 15 times FY21}

Started moving last hours. Hopefully with budget incentives healthcare will be in the limelight

Waiting for budget incentive any tax break for property developers { the slump in property take up real. Condos and apartmens are empty with the borders closed in definety. rental rates have spiral down hurting investor

Plantatio counters have started recovering from their low but too early to have a bullish buy. They have recovered from their year low and not on a hot streak. Counters like Rsawit or TSH have not hit their year high despite CPO is on roll at their 4 year high { hitting above 3,300 per tonne} Rsawit trading at 29 sen {against their high of 48} TSH manged to close at 1.02 { still far below this year high of 1.54}

Without prejudice :is gpacket a good or bad investment
09/10 close at 50
14/10 close at 50.5
21/10 close at 49.5
28/10 close at 48
O2/11 close at 45.5

This dates are pick prior to PP placement announcement.

DJ up +1400 points past 3 trading days. Worse off
Gpacket still zzzzz { whereas AT or Iris} all stirring higher

If trump is confident no need to stop counting

Highly possible china vaccine will be in first

Rulethemarket. Agreed with your reasoning. Mah Sing have recruited few new guys who are all hands on { apart from their own plastic division} that 's makes the gist of easing thier start ups

Mid West holds the key. Farm areas in the mid West { rural areas} have significant influence. New York { cities tradionally votes Democrat}

Macd is flat neither oversold. momentum volume also down.

Vaccine for all Malaysian. Selling point for Moohidyin. Expect bigger allocation for healthcare

Vaccine doses for all Malaysian. Selling point for Moohidyin. Expect bigger allocation for health care

Zafrul { FM } is a not a politician. He will favour a windfall tax to balanced his books.

DJ jump 1000+points the past 2 days { if Green packet} still sleeping & lifeless. If bad quarters, share dilution and no dividend forthcoming or key JV partners backtrack! what will be the consequences. TRADERS only look at the $$$ numbers { everything else is secondary}

DJ jumpup past 2 days q

MAH SING has plans in place to start their glove operations without the usual gestatation or factory hiccups. They have recruited few key guys who betw them 15 - 20 years hands on experience

Need to fine comb the nitty gritty details of the approval. The BOD have their valid reason for a y approval

WHO rushing to fast track vaccines. Anything that is workable and not have adverse side effects after clinical trials will be recommend for mass testing

Market mood dampen by covid 19 3th wave of infections. Countries announcing further lockdown. Worldwide covid hit 46 +million. Most businesses will delay/put on hold their expansion or any new IT development. Countries facing financial constrain. Even Japan have trouble financing pandemic recovery. 5G implementation will be delay and put on hold until a vaccine is develop. across the world people will shift to a new normal { working from home} big and pricey IT hardware { servers} will be a thing of the past. New Micro-processor and high speed smart chip { big GB data memory} will render most office servers redundant. Hp and laptop do not required any servers

Market down 2:1 need to wait after budget 2021 tabling

Trump playing his last card. Announcing vaccine???

Gloves under selling pressure presumably ahead of US presidential elections

bursa no news on private placement parties IID? Please share the source of your info

Today not a good day a sea of red

Will average it if the price drop below 1.80 { hold for 2 years}