A vaccine play, SOLUTN is set to supply 3.5m doses of Covid-19 vaccine starting from July this year under an agreementpreviously signed with the government, as Malaysia plans to accelerate the vaccination programme to bring the Covid-19pandemic under control as quickly as possible.
This follows last Thursday’s conditional approval given by the Drug Control Authority for the product registration of the singledose Convidecia Covid-19 vaccine produced by China’s CanSino Biologics, which has earlier authorised and granted theexclusive right to SOLUTN to register, manufacture (by providing fill-and-finish services) and commercialise the vaccine in Malaysia.
Via the collaboration, CanSino will also be using SOLUTN’s fill-and-finish facility as the regional hub to market and distributethe COVID-19 vaccine in the ASEAN countries except Indonesia.
The venture marks the group’s diversification into the bio-pharmaceutical related business, complementing its existingbusiness segments, namely engineering equipment, industrial automation, biotechnology, industrial lubricants, metalfabrication & assembly and solar energy.
The group – which posted a marginal net loss of RM1.7m in 1QFY21 – is in a financially healthy position with net cashholdings & short-term investments of RM39.5m (or 9.3 sen per share) as of end-March 2021.
Technically speaking, after bouncing off an ascending trendline and the 50% Fibonacci retracement level on numerousoccasions since November last year, the share price uptrend remains intact.
With the stochastics indicator about to climb out from an oversold area, the stock is expected to advance towards ourresistance thresholds of RM1.36 (R1; 15% upside potential) and RM1.48 (R2; 25% upside potential).
We have pegged our stop loss price at RM1.03 (or 13% downside risk from yesterday’s close of RM1.18).
So that's all? After all the hoohaa from Jan for the delivery..now vaccine delivered share price only increase by mere 9% for a one day show...hahaha..funny laa u all
Hahahaha...hol yy sneak peak trying to pull the the price kaa hahahahaha....what a lousy IB ..just go back to your cave ...u appear must be a good sign for future..
Sneakpeek you’re back. I missed you. Your fake news is so silly it’s so funny. That day you said no vaccine coming now switch to no more news. Hahaha. How’s Avi - hide there few days ah? Need to learn. Vaccine cargoes are either MAS or Raya. No Air Asia hor. Must read up otherwise your con job not effective lah. Don’t disappear k - we like to laugh at you.
Sneakpig is back. It ran away when the vaccines came and it’s lie of Air Asia was caught out, it was hiding in Port Dickson hotel. It goes around once a day spreading lies in different counters. Biography of a loser. But still so funny to laugh at. Please come back ya
Sneaky you listened earlier or not - they disclosed margin range and expected dividend. Now say low margin . That day was no contract lah will have preference for Johnson and Johnson lah. So I keep responding to remind all of your lies. There’s no order for Johnson and Johnson yet - you can read or not oh? But the absolute funniest was your Air Asia joke. So left field I still laugh at you so hard.
QR is out..The revenue growth in Q2FY21 was led by solar business projects. the first batch of vaccine was supply to government one week ago and more expected to come and to be deliver by October. then they can start selling to private sector. Q3 and Q4 will be good. we can see a couple of few hundreds of revenue for vaccine segment.
https://www.thestar.com.my/news/nation/2021/08/29/pm-tells-factory-owners-to-set-up-ppv-at-premises single dose vaccine will be better for the factory owner if they are paying for the vaccine.. cause now pfzier , az or sinovac might consider taking third dose. just imagine if the owner would have to pay 3 doses for each of the workers. how much would it cost. a single dose vaccine will be the cheaper option for them.
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