Consumers shift might poise a medium term challenges to Pecca.
Changing consumers trend due to Zombie Virus might slow down demand of leather spec. vehicle. People might defer to upgrade leather seat or choose basic spec vehicle model.
still new in bursa just 4yrs.. can have more space compare to those too mature company.. growing n undervalue.. cash rich Is important during this period cos can have more option.. support at 0.855.. below 88 can collect back..
Anyone has latest update on its new PPE production. Once this production starts, I think share prices will slowly move up, especially when company resumes its share buy back.
With a 8 year record breaking monthly sales figure for Proton and the PPE manufacturing line coming online, the positive impact to Pecca could be doubled!
MACD start crossover 0 and have strong buy momentum and Bollinger Band had open mouth and transaction was breakout and will be good signal. Seem a strong buy signal this two three days. Short term price may continue breakout.
Jerasia debts is very very high. If it is 25 Sen, then it is OK. I sold mine. When Pecca is 105 last week, Jerasia was only 25 Sen. Now 90 Sen and Pecca is still 114. Better switch to Pecca as both are doing PPE. Pecca is cash rich about 46 Sen per share.
There is in fact great news announced by PECCA today that their venture into the PPE Business Activities in the Healthcare Sector is going smoothly and they plan to expand!
Already received ISO certification for design, development and manufacturing of Non-woven Jumpsuit, Isolation Full Set Cover, Isolation Cap Cover, Isolation Shoes Cover, Face Shield, 3-Ply and KN95/N95 Face Mask for Surgical/Medical and General Use! And applying for US FDA and EU CE marking for export! Regret not loading up more today as it will definitely limit up on next Monday!
Company Name : PECCA GROUP BERHAD ("PGB" OR "THE COMPANY") Type : Announcement Subjects : Others Description : Venturing into PPE Business Activities in the Healthcare Sector
Further to the Company's announcements dated 29 June 2020 and 2 July 2020 in relation to PPE Business Activities in the Healthcare Sector, the Board of Directors (“Board”) wishes to announce that Pecca Leather Sdn Bhd ("PLSB"), a wholly owned subsidiary of the Company, has obtained ISO13485:2016 Quality Management System Certificate for the design, development and manufacturing of Non-woven Jumpsuit, Isolation Full Set Cover, Isolation Cap Cover, Isolation Shoes Cover, Face Shield, 3-Ply and KN95/N95 Face Mask for Surgical/Medical and General Use.
PLSB has also registered with Medical Device Authority (MDA) of Malaysia for the establishment license to commence the sole of PPE products.
Additionally, PLSB is in the midst of applying the certification from the U.S. Food and Drug Administration (FDA) and the CE marking from European Union for the abovementioned products, so that to enable the Company to penetrate into the export market.
The Board wishes to further announce that PLSB is purchasing additional face mask machineries to expand its production capacity.
Further announcements will be made to Bursa Malaysia Securities Berhad if there is any material development on the above business activities.
With all major car manufacturers announcing record sales in July, timely venture into PPE while the world demand for face masks continues to soar and strong solid fundamentals, it is obvious that the market has yet to fully realize and price in the PECCA's full potential.
Additionally, PLSB is in the midst of applying the certification from the U.S. Food and Drug Administration (FDA) and the CE marking from European Union for the abovementioned products, so that to enable the Company to penetrate into the export market.
Once Pecca obtained the certification from FDA, it will be like Notion - limit up and limit up!
@mf123, they already producing, meaning they have the machines. Read the news properly, they are trying to increase the production! When FDA US approval come, it will fly
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....
bursabull
123 posts
Posted by bursabull > 2020-07-03 01:04 | Report Abuse
MARii, Perodua to create jobs, reskill 1,000 workers
Thursday, 02 Jul 20203:40 PM
https://www.thestar.com.my/business/business-news/2020/07/02/marii-perodua-to-create-jobs-reskill-1000-workers