KUALA LUMPUR: Malaysia said on Wednesday it has signed an agreement with China to cooperate on the development of a safe and efficacious vaccine, as part of efforts to combat the Covid-19 pandemic.
Under the agreement, in force for an initial period of five years, the Southeast Asian nation will be given priority access to Covid-19 vaccines developed by China. Both will share knowledge and expertise and facilitate scientific and technological capabilities to advance vaccine development in their countries, Malaysia said in a joint ministerial statement. Science, Technology and Innovation Minister Khairy Jamaluddin signed the agreement with his Chinese counterpart Wang Zhigang in a virtual ceremony.
Cooperation between Malaysia and China under the agreement would be supervised by a committee chaired by the foreign affairs ministers of both countries that was formed in October to address post-pandemic challenges.
"Both countries will also support the participation of their public and private sectors including universities, institutions, societies and organisations in joint collaborative projects," the Malaysian ministries said.
Hi SHQuah, Sentiment has improved that is why price is going up. In the short run, the market is like a voting machine--tallying up which firms are popular and unpopular. But in the long run, the market is like a weighing machine--assessing the substance of a company.
I don't trust the low TP given by analyst. Based on the NTA, cash in hand, Assets like land, property, machinery and accumulates profit since day one, plus good will. Company TP should be more than RM1.50.
With all the share buy back, company share is getting less and less. PE ratio will be lower and dividend % will be higher. Earnings per share will be higher.
No idea why, but I suspect the index funds for construction are buying, as the entire industry is having an uptick in sentiment. Plus some profits to be expected.
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SHQuah Philips and Sslee...... yesterday high trading volume and price going up. Any reason why ? 21/11/2020 11:13 AM
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....
DreamCruiser
1,091 posts
Posted by DreamCruiser > 2020-11-15 14:11 | Report Abuse
Very good