Please see this link above on vaccines. Just look at every picture. Glove is used. So Vaccine is the catalyst for gloves. Also the spike in cases is driving the demand. So its a win win win game for gloves, which will support the Malaysian economy
Based on the trading activities on glove counters with a positive start, there might be follow through support on the sector starting from this moment. The catalyst for the sector could be looking at higher combat actions of Covid-19 cases in the US which may translate to more demand of gloves as well as if there is a vaccine to be mass produce for the global population that will be additional gloves needed.
Rubberex 3Q For the cumulative nine months ended Sept 30, 2020, net profit increased 860% to RM71.74 million from RM7.47 million in the previous year, while revenue increased 57% to RM263.56 million from RM168.33 million.
Going forward, the group said it is focused on the nitrile disposable glove division, which is currently operating at full capacity, and said its performance is expected to continue for the rest of 2020, pointing out that its order book has been filled up to last until the second half of 2021.
Well, I was at 3.50 manage to average down to 2.88 when everyone panic sell. I only trust earnings. If the share price doesn't reflect earnings in the longer run, then I'm willing to admit defeat.
PUTRAJAYA: Despite claims made by some pharmaceutical companies on vaccine discovery and that third phase of it clinical trial has been completed, it is still a long way for it to be made available for Malaysia.
Health director-general Tan Sri Dr Noor Hisham Abdullah said currently there were 10 companies claiming to have come close to finding a vaccine. However none had actually published their clinical trial data to be reviewed.
"Some companies such as Pfizer and Moderna claimed to have found a vaccine and that they had completed phase three of the clinical trial. But until now, these companies have yet to publish the data from the clinical trials.
"There are also media reports saying that Covid-19 vaccine has been found, but that alone is not enough to convince its effectiveness or safety," Dr Noor Hisham said during a Covid-19 briefing session with the media here today. He said reports that Pfizer had submitted their vaccine discovery to the US Food and Drug Administration (FDA) in the United States on Friday for approval, was only for clinical interim analysis report.
"It is not the data from the clinical trial that they allegedly carried out," he said.
He was responding to a question on how soon a vaccine would be available for Malaysia and if three was any preferred vaccine producer for the country.
Meanwhile, deputy director-general of Health Dr Hishamshah Mohd Ibrahim said vaccine approval was not a simple process, as it needed to undergo various levels of testing and approval from multiple agencies.
"These companies have yet to provide data from their clinical trials, as required by the World Health Organisation and relevant authorities. "There are several stages of testing and reviews which the vaccine must first pass, before it can be certified as an effective and safe to use vaccine," he said.
For instance, Dr Hishamshah said, in Malaysia there is the Vaccine Supplies Access Guarantee Special Committee under the purview of Ministry of Science, Technology and Innovation comprising academicians, medical experts and professionals who will review vaccines approved by FDA, before it can be selected for use in Malaysia.
"As of now, there are no pharmaceutical companies that have successfully produced a Covid-19 vaccine, that has been backed by relevant empirical data.
"All those (reports) are mostly claims and media reports that have no published data of the trials conducted," Dr Hishamshah said.
It was reported today that US biotech giant Pfizer and German partner BioNTech had sought approval on Friday (Saturday in Malaysia) to roll out their coronavirus vaccine early.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
bigby7
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Posted by bigby7 > 2020-11-20 10:33 | Report Abuse
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