New U.S. Covid-19 Cases Top 80,000 to Reach a Single-Day Record Cases spreading in remote areas as well as cities that have already battled virus; hospitalizations also rising
Daily case around the world make new high again, 465322 covid 19 case today
Locked in retailers are selling off. Look at volume, if small, then it is only these selling out because of several reasons - lack of funds, margin calls, or simply unsure of their investment. Right now, volume is only 2mil. At RM1.02, it is steal
The safest bet of any stock in Bursa now is in healthcare sector. Even EPF is putting money into glooves. There will be profit taking ....normal....as other stock loosing money. So ride with it. Others counters don't touch until all QR report done by next month & trend show bullish
Recent developments in Sabah and elsewhere is driving demand for increased bed capacity and other medical peripherals LKL is producing. Might one guess that the coming quarter will be a profitable one also, given spending have been relegated to the last.
This below will also factor into the anticipated profitability as it is supplying nitrile gloves as well
there are a number of things to consider though if LKL were to JV with AT, since AT systemization has said that their first dipping line were to be commisioned in early November, and the production will start on end of November, existing production is able to cater about 1.7 billion gloves per annum, and its still was not confirmed it was enough to fulfill the contract that was given to LKL nor can they deliver on time, secondly LKL never mentioned whether the export has commence or no since the announcement is way back in September, i wouldnt be surprised if LKL outsource the supplier from another country first for this contract, again not saying it was impossible, this are things to consider, however i do think if it does happen, it will at least be next week or near mid November
Supermax also down lah. This week market will be volatile like lask week due to local & US politics....no surprise there. To me no trade till review next week. Just let it all settle. After budget also, maybe there are better stocks to catch, hence save some cash.
PennyStock123 LKL Director Lim Pak Hong aquired company shares at price of 1.075.....now orady up 1.220.....soon LKL will shine..... 14/10/2020 3:31 PM
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....
markian92
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Posted by markian92 > 2020-10-23 12:58 | Report Abuse
friday normally no show...wait till next week..