Posted by jansnow > 2020-08-10 10:07 | Report Abuse

hopefully QR3 will gap up this counter. sighhh

Posted by jansnow > 2020-08-10 10:23 | Report Abuse

Tommyhilfiger, sorry im a newbie, whats RSI?

Posted by OG_trader > 2020-08-10 11:06 | Report Abuse

tomorrow will go down again. lucky sell first last week. now waiting again down 0.5, please fetch me.

Posted by unomi12 > 2020-08-10 13:37 | Report Abuse

rebounded, stay tune guys.
EG will come next to limit up.

Posted by Ming96 > 2020-08-10 14:03 | Report Abuse

buy now don't miss it

Posted by Investing_Bursa > 2020-08-10 14:33 | Report Abuse

Strong rebound....

Posted by OG_trader > 2020-08-10 15:14 | Report Abuse

ok chow. Govt already announced today SCGM, Notion, Ni Hsin, Caely, Pecca as face mask aim local production company

Posted by OG_trader > 2020-08-10 15:17 | Report Abuse

no eg mention. this company no money one. better look for ni hsin. cheap. same bos in inix. see what happen to onix

Posted by asiv92 > 2020-08-10 15:19 | Report Abuse

OG_trader: can share the news?

Posted by unomi12 > 2020-08-10 15:45 | Report Abuse

The news just mentioned that the government will provide incentive for local mask producers.
They will try to stop importing face mask from china .

And the news from TheStar just mentioned this few company without EG, it was not announced by the government

Because EG is a hidden gem, if you look other face mask producer, the share has went up skyrocket except EG. I suspect in a few more days, the momentum will back to EG.

Stay tune.

Posted by OG_trader > 2020-08-10 15:51 | Report Abuse

PETALING JAYA: Plans are underway to encourage the wholesale production of face masks, an essential item which almost all of it is still being imported from China now.
Sources told StarBiz this is because face masks are deemed a central tool to win the battle against Covid-19 pandemic and thus the item has to be considered in light of national security interests.

“There are plans for government subsidies or incentives to be given for the setting up of production facilities for face masks. And the plan is for the whole supply chain to be securely located within the country itself, ” a source said.
“Even the raw materials such as elastic bands on the face masks should be sourced from local players. That is why the government is keen on creating incentives for the whole supply chain to be located within the country, ” the source added.

However, from a business standpoint, the manufacturing of face masks has a low entry barrier and carries the risk of a glut in the event the pandemic slows down.
A report by AFP stated that in China, the tens of thousands of mask-making companies that mushroomed following the coronavirus pandemic are now struggling to survive.
This has come about after some 73,000 companies registered as mask makers in the first half of the year – including over 36,000 new companies in April alone – as prices and demand soared, the report indicated.
But the influx of new companies led to a “dilution in quality and a surge in scams”, according to China-based researchers at Daxue Consulting, as firms from carmakers to diaper producers converted their production lines to make masks.
Now the outbreak is largely under control in mainland China, domestic mask demand has dropped dramatically, pushing prices down, AFP reported.
The report also said that some of the companies that piled into the industry are now backing out.
This has not stopped a number of locally listed companies from venturing into face mask production. Their announcements on these ventures has led to a surge in their share prices, amidst the red-hot stock market.
These include SCGM Bhd, Notion VTEC Bhd, Xidelang Holdings Bhd, Ni Hsin Resources Bhd, Caely Holdings Bhd and Pecca Group Bhd. Some of these companies reckon that their high quality masks and personal protective equipment will differentiate their products from others and hence provide them with higher profit margins.
Notably, another challenges facing the industry is the government’s decision to put a cap on the pricing of face masks.
Following a recent government announcement, ceiling prices for face masks will be reduced to RM1.20 from RM1.50 per unit from Aug 15. Wholesale prices would also be reduced from RM1.45 per unit to RM1.15 from the same date.

Posted by OG_trader > 2020-08-10 15:51 | Report Abuse

source - the star

Posted by OG_trader > 2020-08-10 16:23 | Report Abuse

im very sure ni hsin will overtake eg price. now ni hsin is just 0.28

Posted by OG_trader > 2020-08-10 16:29 | Report Abuse

btw good luck guys. rmmber. never do hope analysis and never hold lost. just hold profit.

Posted by unomi12 > 2020-08-10 16:31 | Report Abuse

in terms of company structure, i would go for EG, their current sales performance is way larger than ni hsin.

Not to mentioned, EG is supplying 5G as well which is the upcoming technology trend.

EG is also exporting their face mask since April, i expect good QR soon.
So trust this counter , if not its too late to invest :)

Posted by Tracy123 > 2020-08-10 16:36 | Report Abuse

unomi12, do u know Alex Kang direct leading selling or buying

Posted by greencode > 2020-08-10 16:40 | Report Abuse

based on volume the eg will fly again till limit up.

Posted by OG_trader > 2020-08-10 16:51 | Report Abuse

eg already break support 0.58. high possible tomorrow will limit down again and if break support 0.565. then better becareful

Posted by unomi12 > 2020-08-10 17:02 | Report Abuse

Every major mask counter drop.
It will definitely rebound back soon , but dont know which has the highest rebound it the upcoming wave.

Posted by limkokthye > 2020-08-10 19:17 | Report Abuse

face mask is over supply

Posted by Nancy Boon > 2020-08-11 00:23 | Report Abuse

face mask will gradually be over but I think not so soon the Convid peoples increasing daily and Vaccine is not out yet says on the way and still need to test on humans...? Those few Countries are rushing to be first to prove that they are more advance but end of the day we won"t know who's is number 1....? wait and see..

Posted by samiar > 2020-08-11 08:13 | Report Abuse

Buy, hold or sell is your choice. Too much information kills your intelligence and affects your decision making. Good luck.

Posted by laychee > 2020-08-11 09:30 | Report Abuse

Vaccine will be widely available before US presidential election. Fauci said it might take longer before he doesn't want all the preventive measures to be ignored. If you say vaccine is coming soon, everyone will go out partying now.

Now we are talking about the effectiveness of vaccine and no longer the availability.

Even now all vaccines can be used. It's just that the effectiveness still needs to be measured by trials to make sure it is more than 75%.

If the effectiveness is only 50%, only one of the two people who took the vaccine can stimulate antibody.

Posted by OG_trader > 2020-08-11 09:38 | Report Abuse

told you it will break support today at 0.565. careful guys. good luck

Posted by greencode > 2020-08-11 10:22 | Report Abuse

buy now

Posted by Vin Chuah > 2020-08-11 10:22 | Report Abuse

:(

Posted by greencode > 2020-08-11 10:25 | Report Abuse

this is IT company i saw as 5G counter not healthcare face mask is only 1 5% of its bussiness

Posted by OG_trader > 2020-08-11 10:38 | Report Abuse

it will break 0.51 support today.

Posted by Huitan > 2020-08-11 10:48 | Report Abuse

EveryBody still OK?
To me is time to buy.
But also time to cut loss for most of you.

Posted by Huitan > 2020-08-11 10:49 | Report Abuse

Og trader, you are right, maybe it will break 0.51.

Posted by kasrim > 2020-08-11 10:50 | Report Abuse

yeah.. its time to buy.. tq..

Posted by Huitan > 2020-08-11 10:55 | Report Abuse

And most probably it will break 0.51 if most of retailer no cut loss

Posted by Huitan > 2020-08-11 11:11 | Report Abuse

We don't know where is bottom and where is highest. For those who can buy and sell highest and lowest within 30%, he better than warrant buffet.
To me 0.53 is the price, But maybe it will drop back to 0.45, who know?

Posted by Pizzaboy > 2020-08-11 11:29 | Report Abuse

I am wondering why everyone thinking mask is lifting this counter. Look at other mask counter like OCNCASH remain intact. Do you still think EG lift because of Mask?

Posted by learningok > 2020-08-11 11:34 | Report Abuse

will eg increase TT

Posted by jeannie > 2020-08-11 11:46 | Report Abuse

EG down in the drain

Posted by Ming96 > 2020-08-11 11:51 | Report Abuse

not sure but now I think can start collect if you have money

Posted by Huitan > 2020-08-11 11:53 | Report Abuse

Fuh ,0.48 will touch by today.

Posted by Huitan > 2020-08-11 11:55 | Report Abuse

It back to lowest,0.525, that mean it will come lower and lower. God bless you all

Posted by OG_trader > 2020-08-11 12:05 | Report Abuse

my advice for this counter is don't que first. wait until new doji is form. bcoz sure it will reach new support.

Posted by OG_trader > 2020-08-11 12:05 | Report Abuse

when new doji form? don't know. mybe this week, mybe next year.

Posted by OG_trader > 2020-08-11 12:07 | Report Abuse

and for this counter, i prefer que at 4.30 to 5.00.

Posted by OG_trader > 2020-08-11 12:10 | Report Abuse

and if u guys hope that this is mask counter. up to you. the news many times already give clue mask counter, yet u never choose and still believe eg will up coz of mask. always do hope analysis.

Posted by Khaz > 2020-08-11 13:41 | Report Abuse

EG produce mask machine and sell mask

https://www.lazada.com.my/products/egcare-surgical-face-mask-3ply-i1068062612.html

Posted by unomi12 > 2020-08-11 14:00 | Report Abuse

http://esmtt.com/egcare.html

EG fully own " SMT TECHNOLOGIES SDN BHD (MALAYSIA) "
You may refer to their company profile to their company profile under group structure
http://esmtt.com/about.html

Please dont spread false news if you arent ensure about it

Posted by unomi12 > 2020-08-11 14:48 | Report Abuse

By the way, EG management is not that good in PR unlike Notion. But they have started way earlier on their mask production , they even gotten their FDA mask approval on early May.

But i believe they have a plan behind all of this , the recent downfall of this share were only minor selling volume compare to 80 to 90 mil volume trade when it hit up.

Posted by EST85 > 2020-08-11 14:48 | Report Abuse

https://www.lazada.com.my/products/ready-stock-eg-wireless-power-bank-10000mah-with-built-in-cable-for-all-type-of-handphones-dual-input-dual-usb-output-led-display-i1282330693-s3887678720.html?spm=a2o4k.pdp.recommendation_1.1.553577374StPh4&mp=1&scm=1007.16389.126158.0&clickTrackInfo=59257589-f2c2-4f00-8eb7-48780f8a27d7__1282330693__11190__trigger2i__124572__1.0__0.95__0.0__0.0__7.5E-5__0.9500075__0__null__null__null__null__null__null__

EG powerbank. LOL!

Posted by Vin Chuah > 2020-08-11 15:11 | Report Abuse

laaaaaa.....laosai

Posted by jeannie > 2020-08-11 15:26 | Report Abuse

All kena liow...

Posted by Mikewg > 2020-08-11 15:26 | Report Abuse

However, even the government set the ceiling price for the mask, the government still provide incentive to local mask manufacturer which will benefit to the company right ? Any sifu can enlight me on today’s news ?