KUALA LUMPUR, 02 FEBRUARY 2021 - Ho Wah Genting Berhad ("HWGB" or the "Company") (Bursa Stock Code: 9601), through its wholly-owned subsidiary HWGB Biotech Sdn Bhd ("HWGB Biotech") has been successfully granted the Pharmacist's Poisons Licence (Type A License) from the Pharmaceutical Services Division of Ministry of Health Malaysia which enable the Company to import, store and deal generally by wholesale all controlled medicine (termed as poison according to Poisons Act Malaysia).
General Manager, Medical & Pharmaceutical Research of HWGB Biotech, Dr.Yaman Walid Kassab expressed: "We are delighted to have obtained the license which make us qualify to handle import and distribute our healthcare products in compliance with the MOH regulations. This license shows that we are committed in our healthcare related business and we believe that this license can bring a huge growth potential to HWGB as well".
"With the granted license, we believe that the consumer will be able to trust the product that we are going to distribute such as vaccines and controlled medicine. This is because only a pharmacist registered with the Pharmacy Board of Malaysia or a qualified pharmacist recognized by the state health directors of Sabah or Sarawak is able to hold for such license" he added.
This stock has never been able to hold it's highs for long. However I do wish that it would this time. Any appreciation of its share price should be followed up with actual progress reports and eventually positive earnings.
it could of course touch 68.5 , just a symbolic move to back up again to 71.5 then if break 71.5 to retest 74 and possibly closing at 76...we shall see then how it pans out ya
Yes, after moving sideways for so long, many traders are locking in profit or could possibly cutting a lesser loss. This goes to show how low their confidence level is with this stock. Can't blame them though.
At the end of the day it boils down to who has the holding power. Weeding out short term traders will pave and clear the way for a more sustainable uptrend.
As assumed, -ve earning company always pump and dump for short time. You guys helping politician (vaccine warrior) take profit at peak and now left you guys at peak.
Hopefully not one day show, may not today, tomorrow or next2 day continue.
When the HWGB's vaccine distribution becomes a reality, it's pump and dump days would be behind it. No businessmen with the right mind, would want to see its company's earnings forever in the red. I want to believe every listed company is listed with the intention to grow and expand with public investment. HWGB is one that I see responsible enough to progressively report its vaccine project development. I hope my faith is not misplaced.
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....
PN2020
247 posts
Posted by PN2020 > 2021-02-17 17:45 | Report Abuse
Ringgit Satu akan mari.