it's quite evident that glove counters have broken the recent downtrend. today's late morning drop shows that either external forces want to suppress the price temporarily or a minor correction. the long term trend seems to be pointing up.
Now mostly are pure goreng counters already, look at this AT, in losses of millions , just bcos an arrangement with lkl, today goreng up 60%. What this bursa is becoming , pure profit gpove counters lost to those goreng counter, such humiliation .
Kossan announced PAT from 131mil to rm348mil for last quarter! Next up will be HLT and Comfort to announce their 200-250pct growth of their nett profit :)
Vaccine news caps rally of new glove industry entrants KUALA LUMPUR (Nov 10): The slew of companies that recently announced plans to enter the rubber glove business were broadly hit by a selldown this morning amid news that an experimental Covid-19 vaccine developed by Pfizer and its German partner BioNTech was more than 90% effective. As of 10.09am, shares in AT Systematization Bhd had slipped 11.6% or 2.5 sen to 19 sen. It was the most traded counter this morning, with 1.05 billion shares traded within two hours after the opening bell. Luster Industries Bhd was the seventh most actively traded stock today, with some 76.86 million shares done. It was down by 11.63% or 2.5 sen at 19 sen, valuing it at RM458.05 million. Meanwhile, HLT Global Bhd shares were trading 5.03% or eight sen lower at RM1.51, giving the stock a market capitalisation of RM925.99 million. HLT saw 8.77 million shares transacted. Mah Sing Group Bhd, whose share price had more than doubled after announcing its foray into the rubber glove space, dropped 5% or five sen to 95 sen apiece, translating into a market value of RM2.31 billion. As for Inix Technologies Holdings Bhd, it was down 6.52% or 1.5 sen at 21.5 sen, valuing it at RM89.76 million. The counter saw 2.45 million shares transacted. Titijaya Land Bhd fell by 1.21% or half a sen to 41 sen piece, valuing the property developer cum rubber glove and Covid-19 vaccine player at RM556.94 million. Meanwhile, Hong Seng Consolidated Bhd (formerly known as MSCM Holdings Bhd) was down by 2.83% or three sen at RM1.03.
Kanger bucks the trend However, Kanger International Bhd bucked the trend. Its share price was up 2.63% or half a sen at 19.5 sen. Thes stock was the third most actively traded counter on Bursa Malaysia, with 240.34 million shares done. The new entrants, except for HLT Global, have yet to commence glove production. The availability of the vaccine raises the question of whether growth in demand for disposable rubber gloves will remain as strong moving forward to absorb additional supply from the new entrants. The selldown seen among most of the new kids on the block in the rubber glove sector came after Pfizer made an overnight announcement that its Covid-19 vaccine candidate had a more than 90% efficacy rate with no serious concerns based on initial trial results. Pfizer is hoping to ship out up to 50 million doses this year for 25 million people, and produce 1.3 billion doses in 2021.
Pfizer Vaccine needs to be stored at minus 70 Deg C or 80 Deg C. That’s a tremendous logistical issue not only in the U.S. but outside the Western world,” said Dr Gregory Poland, a virologist and vaccine researcher with the Mayo Clinic.
buy when ppl panic selling.. find the price for hlt-wa at 1.11-1.20 .. even you short term trade, i can confirm very hard for you to make loss when you buy at this price..cheers.. hlt remain my fav counter to gain profit..
All vaccine that is produced only 90% effective is consider good already. Side effect is normal. Even all vaccine that has been approved for other sickness some of it 80%. 90 is super good already. Bye bye glove. I hope non of u stick here not jump from genting after it open.
Many information about the Pfizer vaccine is uncertain. I am only saying this to remind you not to panic sell.
Many people always think 1,000 times before entering a position when it looks promising with a lot of backed sources but they only think once to panic sell with a lack of information.
Kwon Jun-wook, an official at South Korea’s Disease Control and Prevention Agency (KDCA), said it wanted to see how vaccination progressed in other countries first and would thoroughly review its supply chain.
The country had recently experienced the problems of cold storage when it had to discard about 5 million doses of flu vaccines because they were not stored at recommended temperatures.
Many Asian countries aren't betting on the experimental shot to solve their COVID-19 crisis any time soon given the tropical heat, and a dearth of ultra-cold freezers. Health experts cautioned that the vaccine, should it be approved, was no silver bullet - not least because the genetic material it’s made from needs to be stored at temperatures of minus 70 degrees Celsius (-94 F) or below. Such requirements pose a particularly daunting challenge for countries in Asia, as well as in places like Africa and Latin America, where intense heat is often compounded by poor infrastructure that will make it difficult to keep the “cold chain” intact during deliveries to rural areas and islands. That is a problem for everyone in the world, given the World Health Organization estimates about 70% of people must be inoculated to end the pandemic, and Asia alone is home to more than 4.6 billion - or three-fifths of the global population. Some Asian countries are prioritising containing the novel coronavirus rather than looking to stockpile vaccines, while others are looking for alternatives to the messenger RNA technology used by Pfizer that requires such ultra-cold storage. “On the cold chain requirement of -70 degrees, that is a hefty requirement. We do not have such facility,” Philippines’ Health Secretary Francisco Duque told Reuters. “We will have to wait and see for now,” he added. “The technology Pfizer is using is new technology. We don’t have experience with that, so risks can be high.”
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....
ProsperousRealm
2,775 posts
Posted by ProsperousRealm > 2020-11-09 01:30 | Report Abuse
Ong ah!!!