Despite being the largest gloves manufacturer in the world, there is a shortage of good quality gloves in our local Gov Hospitals lol.

Finally seeing some $$ on MahSing.

Talking about gloves.
I do deal with gloves and what I can say is that the demand for gloves remained strong and as a matter of fact there's shortage in local market hence glove prices are quite expensive( 3-4X than usual price)

If Mahsing can produce good quality Exam Gloves than I must say they have a very good future.
Health industry is very sensitive to quality and if Mahsing produce something like their property than....
Anyway scooped some of their shares yesterday.

Golden cross took place and support is around 3.20-3.30
Collect on dips.

Let the Brits become guinea pig first...

Nice.Hopefully it can maintain above RM3.00. Next resistance is around 3.20-3.30, after that RM4.00 is the target.

Will Qtr 4 any better?
Patients turnover are still not back to normal level and the worst part I heard, Gov did not top-up any additional fund to the Hospital's which they usually do towards end of the year. Looks like no Christmas shopping for this year...☹️

its nearing 200 EMA, Looking good so far.

This sounds bad : https://codeblue.galencentre.org/2020/11/06/government-slashes-2021-medical-public-health-budgets-amid-covid-crisis/

More downside than upside.
If dip below 2.30 can start nimble. Below 2.00 can start collect....

There's a gap up price between 2.34-2.64
Will it be filled up?

Patients turnover in the Government Hospitals/Clinics doesn't look all that good.
Gloomy 3rd Qtr?

Patients turnover in the Gov Hospitals for the month of April,May and June were quite poor due to MCO hence Q2 result might be disappointing.

Couldn't sustain on a weak uptrend channel.
Long term bearish.

Market already flooded with Hand Sanitizers....

Locking in profits.;-)
Time to hibernate....

$$$ ;-)
Take profit...

Actually there's serious shortage of Alcohol in the market.
Heard from a friend who's working in the hospital says that they are trying to make their own sanitizer/disinfectant but short of Alcohol. And you are right ppl chasing glove and mask manufactures but forgot about alcohol producers.

Wirajati will be smiling all the way to the bank soon. haha

It is not change of heart but an act of suicide if they cut off Pharmaniaga immediately. The Gov will not survive.
Both party are in symbiosis mode.
What the gov doing now is buying time. If I were Pharmaniaga I will
reject the 25 months extension and request for an immediate open tender. See who dies first. Stupid politician always think they know all.

patrick2
Some years ago Zuellig was good but not anymore.
Their logistics and customer service sucks big time.

It was a government agency which was privatize and some years
later they call it monopoly? What nonsense is this lol

Anyway it is a daring move by the government to ditch Pharmaniaga's role. Whoever up there making such decision should
take full responsibility if there's any breakdown in the supply chain.
Ppl's life at risk. Imagine if there is an epidemic or war.....

Stopping this concession is not as easy as many people thought, as a matter of fact it could be disastrous. Most likely extension will be granted but probably for a shorter period.
Targeting to enter at below RM2.