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I am not sure the vaccine is useful or not. CEO have better answer.

Do you have to wear GLOVES to give a vaccine shot?

I am holding my GLOVES. I will only sell when ASP come down but not stock price come down.

I buy vaccine logistic by using the GLOVEs profit as hedging to vaccine news.

• How to distribute the ultra-cold vaccine? I am allocating my GLOVE profit to TASCO Cold Chain to hedge vaccine news
• How to distribute the ultra-cold vaccine? I am allocating my GLOVE profit to FREIGHT to hedge vaccine news
• KGB's dry ice plant to flourish from Pfizer's vaccine success?

I am reproducing the RHB Research update to my blog.

This post don't have any value added content.

Compile here for my own record.

Please skip if you don't like it.

*Kossan briefing update*

*1. 427 workers are COVID-19 positive.* Kossan shared that 427 of its employees are tested positive. Note that Kossan has started testing its 7004 workers from 4-10 December.

*2. Action taken by Kossan* The Company has transported the positive cases to hospitals as per Ministry of Health’s instruction. A thorough disinfection of all areas where the affected individuals have been present has also been carried out. For those under quarantine due to close contact, a second PCR test will be done on 16 and 17 Dec with the result to be known on 18-Dec.

*3. Plans to test 20% of its workers every 2 weeks going forward*. The Company believes that this is necessary as all of its employees who are tested COVID-19 positive are asymptomatic.

*4. Accommodation space for workers exceed ILO standard* Kossan shared that its average accommodation space per worker is 46 sq ft. This is above the requirement of 38.75 sq ft per worker set by International Labour Organization (ILO).

*5. About 1% of total annual output volume affected*. 25% if its capacity is affected for 2 weeks. This works out to be around 0.96% of total annual output. Earnings impact is estimated to be around 2% of FY20 earnings.

*RHB Research*