Thank you /r/wallstreetbets

Yo you have lit the world of financials on fire with GME.
You've broken down every single financial model and decided to take things into your own hands. And you've inspired us to bring our market back into our control.
Well done! We here in Malaysia have been exporting nearly 65% of all gloves in the world and our glove companies are reaching for the stars in profits every quarter. However, our markets are under the complete domination and supression, that might be manipulating the public media to any way they see fit and to collect shares at the cheapest possible prices. All while causing domino effects of panic selling. Our own people are terrified to invest into our highest performing industry because of constant manipulation. Glove companies like Topglove, Supermax, Hartalega, Kossan , Comfort, Care Plus and a few more other smaller glove producers are now all trading at criminally low PE of less than 15 and forward PE of single digits despite earning record breaking profits because of the pandemic. Are they perfect? No, everyone can improve their processes, even if they're highly profitable. Are their products saving lives? Yes, imagine how many lives have been saved just from the usage of gloves. They deserve criticism and a chance to improve, not to be supressed like this.
gloveisgold


A certain big investment bank has put a target price of 80usd cents per share for Topglove, who earned half a billion usd in profit after tax in one quarter!
Every time a record breaking quarterly result is released, all glove prices crash, predictably, every single time. Hartalega earned 1 billion in MYR PAT last qr, and it dropped 5% the next day.
All gloves are on overall downtrend for months now despite breaking records and outperforming every single sector in our country.

We're gonna be fighting in our markets tomorrow, and I want to thank you so much for inspiring us to do it. We retailers are the market. Good luck with your fight, I'm cheering you on!

Asia could be next as Reddit squeeze on hedge-fund shorts goes global- TOP GLOVE next ?
-------------------------------------------------------------
(ATF) Retail traders who take a cue from Reddit’s “Wallstreetbets” thread made further gains against short-selling hedge funds Citron and Melvin on Wednesday January 27, but US regulators may clamp down on trading posts on social media.

The success of this week’s retail assault on short positions in GameStop has prompted hedge funds to cut similar positions around the world and sell long positions in stocks to pay for their losses, which contributed to a slide of over 2% in Wall Street’s main indices on Wednesday.

The current squeeze on holders of short positions by retail investors is putting institutional sellers in an awkward position. The slump into huge losses by Melvin Capital has alarmed other short-selling hedge funds and led to spikes in European companies including Nokia and Pearson that had been shorted, as well as US names.

Asian stocks next?

The trend could spread to Asian names that have recently seen short selling, such as Malaysia’s TOP GLOVE, or larger liquid stocks such as Alibaba.

LETS SQUEZZE THE SHORTIES
------------------------
Just HOLD your TG shares and if possible BUY more -This is the ONLY option we retailers have at our disposal to send the SHORTIES packing.

SHORTIES have to buy back 229 million TG shares to close their short position and return these shares to EPF-the willing lender/traitor.

If we all stand UNITED and HOLD on to our TG shares- SHORTIES - especially JP Morgan will be ROASTED!

Lets all UNITE to FIGHT the SHORTIES and SQUEEZE them to DEATH- So to speak.

Correct Ben, vaccine rollout seem to be a big problem in this raging pandemic. Wall Street is acknowledging this fact where DJ index and Nasdaq took beating yesterday as they believe economic recovery will be severly impacted.

Stocks Drop on Concerns About Vaccine Rollout
-----------------------------------------------
Major stock indexes suffered their sharpest one-day losses since October amid concerns about Covid-19 vaccine distribution, while traders were also captivated by the frenzied trading in GameStop and other heavily shorted stocks.

Global stocks tumble on fears of economic recovery & massive Gambling ie SHORT SELLING.
-----------------------------------------------------

Stocks fell around the world on Wednesday as investors turned more cautious over stretched valuations and the economic impact of the COVID-19 pandemic, while the dollar rose on its safe-haven appeal.

Stocks in the US added to losses after the Federal Reserve left its key rate near zero and made no change to its monthly bond purchases, while flagging a potential slowdown in the pace of the economic recovery.

Wall Street had been weighed earlier by a slump in Boeing Co and by hedge funds dumping long positions to cover a short squeeze in GameStop Corp and AMC Entertainment.

“Fears are circulating that some investment funds might be quickly closing out positions as a way of shoring up their cash,” said UK’s CMC Markets market analyst David Madden,

" we might see selling pressure ramp up for fear there could be a stampede for the exit.”
------------------------------------------------------------------

Hope the SHORTIES suffer the safe fate here in BURSA particularly- JP Morgan & Company.

The SHORTIES were squeezed to death yesterday- so to speak in Wall Street.

Glove Stocks is still the BEST SECTOR to invest in this raging & ferocious pandemic that will be around for years.

Another interesting article Ben.

https://finance.yahoo.com/news/vaccines-versus-variants-israels-exit-150603838.html

Hi Ben, here is an interesting article.

https://uk.style.yahoo.com/davos-2021-benjamin-netanyahu-israel-covid-19-vaccine-mutations-pfizer-145820700.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAAT5YkYvwLK_UA5wYNFFSTFVQwgkKaxmDpNzYAWNicBZgmXnuEV5d8YNtl5M5Gv8w8MWN2X6CTSxVQEp_bG4eCyt4YbaOWL1O0zRO96_0nhH1JvD6gQvbhVBHxi5niIPFgd1Rrj_u1xtR7LxFi2sKQ9-n6eLGUM4V4LXCbRiCbTz

Ben, thanks for the time and effort you have spent in piecing this insightful and sobering article. Its sad that vaccines is just part of the equation in curbing this dreadful pandemic. WE have to live life and adjust to the new norm.

https://klse.i3investor.com/blogs/bursainvestments/2021-01-27-story-h1540184805-The_World_and_Malaysia_Under_the_COVID_Siege_Setting_Our_Expectations_R.jsp

Interesting article
https://klse.i3investor.com/blogs/bursainvestments/2021-01-27-story-h1540184805-The_World_and_Malaysia_Under_the_COVID_Siege_Setting_Our_Expectations_R.jsp

interesting article

https://klse.i3investor.com/blogs/bursainvestments/2021-01-27-story-h1540184805-The_World_and_Malaysia_Under_the_COVID_Siege_Setting_Our_Expectations_R.jsp

Interesting article.

https://klse.i3investor.com/blogs/bursainvestments/2021-01-27-story-h1540184805-The_World_and_Malaysia_Under_the_COVID_Siege_Setting_Our_Expectations_R.jsp

Interesting article!

https://klse.i3investor.com/blogs/bursainvestments/2021-01-27-story-h1540184805-The_World_and_Malaysia_Under_the_COVID_Siege_Setting_Our_Expectations_R.jsp

HARTA UPGRADED YESTERDAY BY by MOST IBs. with average TP around RM21.50

Here's the Good News- SUPERMAX earns more and has a better Business model ie OBM & ODN

Shouldn't SUPERMAX TP at least match that of HARTA.
-----------------------------------------------------------------------------------
Hartalega Holdings Berhad - Breaking Its Own Records
Source : PUBLIC BANK, Price Call : BUY,...............................Price Target : 24.50


Hartalega Holdings Berhad - Full speed on Plant 7 ahead
Source : MalaccaSecurities, Price Call : BUY,.........................Price Target : 20.26


Hartalega Holdings - 9MFY12 Above Expectations
Source : KENANGA, Price Call : BUY,.......................................Price Target : 21.00


Hartalega Holdings - Rise in ASP Ignited Earnings
Source : HLG, Price Call : BUY,.................................................Price Target : 19.06


CIMB: The best is yet to come. HARTA TP RM21.80
Source : CIMB, Price Call : BUY,................................................Price Target : 21.80

LATEST NEWS on LOCKDOWN

Govt to discuss impact of total lockdown before announcement is made.
=============================
Ainaa Aiman - January 26, 2021 5:30 PM

PETALING JAYA: The government will discuss the need and impact of another total lockdown similar to the movement control order (MCO) imposed in March and April last year, senior minister for security Ismail Sabri Yaakob said.

He added that either he or the health director-general will be making an announcement on the issue before the current MCO 2.0 ends on Feb 4.

He said relevant government agencies and ministries will be discussing the matter before then. Ismail added that the decision will consider both the health and the economy.

https://www.freemalaysiatoday.com/category/nation/2021/01/26/govt-to-d...

DEMAND IS EXPECTED TO OUTSTRIP SUPPLY FOR THE NEXT FEW YEARS
---------------------------------------------------------------
This time around it is not the same as the previous round. Hartalega and other glove stocks has gone through massive selling on the news of vaccine rollout and its efficacy of reducing the spread of COVID cases. This has caused funds to create a selling pressure on glove stocks for a good period of time resulting in glove stocks being DEEPLY UNDERVALUED.

What we have seen so far is far from what was expected as COVID cases are still on the rise worldwide and countries are going back into lockdown despite the vaccine innoculation.

And from the QR prospects, we can see the gloves demand are still high --> THE OVERALL PROJECTED GROWTH IN DEMAND IS EXPECTED TO OUTSTRIP SUPPLY FOR THE NEXT FEW YEARS
-----------

Good price to accumulate now.

Nextt week onwards Call Warrants Free season.

There is no need to press down the price of Supermax by IBs

GLOVES DEMAND SET TO SURGE FURTHER FOR A FEW YEARS

This time around it is not the same as the previous round. Hartalega and other glove stocks has gone through massive selling on the news of vaccine rollout and its efficacy of reducing the spread of COVID cases. This has caused funds to create a selling pressure on glove stocks for a good period of time resulting in glove stocks being deeply undervalued.

What we have seen so far is far from what was expected as COVID cases are still on the rise worldwide and countries are going back into lockdown despite the vaccine innoculation.

And from the QR prospects, we can see the gloves demand are still high

THE OVERALL PROJECTED GROWTH IN DEMAND IS EXPECTED TO OUTSTRIP SUPPLY FOR THE NEXT FEW YEARS

Latest- Public Bank Investment- Outlook on Covid-19
---------------------------------------------------------
Not stopping just yet. Despite the gradual rollout of viable Covid-19 vaccines, we believe that the demand for gloves is still ROBUST, as Hartalega is expecting to further raise its ASP by another 40-50% in 4QFY21. We opine that it is fairly unlikely to inoculate a sufficient percentage of the population to reach herd immunity, given the limited vaccine supplies.

Here's Mr Kuan's comments- Harta's Chairman.

"In addition, the sector is expected to undergo a structural step-up in demand on the back of increased glove usage from emerging markets with low gloves consumption per capita and heightened hygiene awareness. The overall projected growth in demand is expected to outstrip supply for the next few years.

Hartalega Holdings Berhad - Breaking Its Own Records- TPRM24.50
------------------------------------------------------
Date: 26/01/2021

Source : PUBLIC BANK- The most Conservative IB.
Stock : HARTALEGA
Price Target : 24.50
Price Call : BUY

Hartalega’s 9MFY21 net profit jumped 453.4% YoY to RM1.77bn, on the back of stronger ASP and higher sales volume. The results were below both our and consensus estimates at 66% and 69% respectively. Despite the shortfall, we still deem the results within our projections considering that the Group is expected to continue delivering strong earnings, supported by yet another QoQ ASP increase. We reiterate our Outperform call on Hartalega, with an unchanged TP of RM24.50.

Continues to impress. Hartalega’s 3QFY21 revenue was up by 167% YoY, to RM2.13bn. The strong jump in revenue was fueled by the increase in both ASP (+138% YoY) and sales volume (+12% YoY), on a YoY basis. We note that utilization rate for 3QFY21 was slightly lower at 95%, as opposed to 98% in 2QFY20, despite the booming demand for rubber gloves globally.

Not stopping just yet. Despite the gradual rollout of viable Covid-19 vaccines, we believe that the demand for gloves is still robust, as Hartalega is expecting to further raise its ASP by another 40-50% in 4QFY21. We opine that it is fairly unlikely to inoculate a sufficient percentage of the population to reach herd immunity, given the limited vaccine supplies. With that, we believe that the demand for rubber gloves should be able to sustain in the short to medium term.

Supermax will be earning more than HARTA -RM13-00

SUPERMAX at RM7-00 then is absolutely undervalued with its superior BUSINESS MODEL ( Own Brand and distribution) and Long Term deals in USA & UK.

SUPERMAX poised to play a big role in Biden's Grand Plan on PPEs
-------------------------------------------------------------
Supermax Corp Bhd has incorporated a new wholly-owned subsidiary, Maxter Healthcare Inc, in Delaware, US, to manufacture medical gloves and other personal protective equipment.

A LONG TERM Agreement to supply USA with GLOVES & PPE's.is on the cards.

A listing on the NYSE ? May be in a few years time.

HOLD Supermax for at least a year- price will settle around RM15 easily.

SUPER is going to be the leading GLOVE manufacturer in North America (USA & Canada) and EUROPE- a factory is under construction in UK- its base in Europe.

Both UK and USA Govt. are in talks to sign LONG terms supply agreements.

Think Long Term- you will win BIG

Dont get distracted by daily fluctuations- its normal.

Well said Ben.

Icon8888, the earnings prospects of the Malaysian glove manufacturers depend to practically a negligible extent on if there would a full lockdown in the country or not.

Here's a quote- by Hartalega Chairman- Mr Kuan - Gloves demand.

"In addition, the sector is expected to undergo a structural step-up in demand on the back of increased glove usage from emerging markets with low gloves consumption per capita and heightened hygiene awareness. The overall projected growth in demand is expected to outstrip supply for the next few years.

DEMAND TO OUTSTRIP SUPPLY FOR NEXT FEW YEARS - Hartalega Boss MR KUAN
=======================================================
Here's the quote:

"In addition, the sector is expected to undergo a structural step-up in demand on the back of increased glove usage from emerging markets with low gloves consumption per capita and heightened hygiene awareness. The overall projected growth in demand is expected to outstrip supply for the next few years.

SUPER TP18.88

Huat Arrrr.

DEMAND TO OUTSTRIP SUPPLY FOR NEXT FEW YEARS - Hartalega Boss MR KUAN
=======================================================
Here's the quote:

"In addition, the sector is expected to undergo a structural step-up in demand on the back of increased glove usage from emerging markets with low gloves consumption per capita and heightened hygiene awareness. The overall projected growth in demand is expected to outstrip supply for the next few years.

JP MORGAN /LOCAL IBS/THE EDGE - PLS DONT WRITE RUBBISH ON DEMAND OF GLOVES.

IBS- IF IN DOUBT ABOUT DEMAND OF GLOVES - DONT JUST SIMPLY GUESS- ASK MR KUAN- DONT WORRY - HE IS A NICE GUY.

DEMAND TO OUTSTRIP SUPPLY FOR NEXT FEW YEARS - Hartalega Boss MR KUAN
=======================================================
Here's the quote:

"In addition, the sector is expected to undergo a structural step-up in demand on the back of increased glove usage from emerging markets with low gloves consumption per capita and heightened hygiene awareness. The overall projected growth in demand is expected to outstrip supply for the next few years.

JP MORGAN /LOCAL IBS/THE EDGE - PLS DONT WRITE RUBBISH ON DEMAND OF GLOVES.

IBS- IF IN DOUBT ABOUT DEMAND OF GLOVES - DONT JUST SIMPLY GUESS- ASK MR KUAN- DONT WORRY - HE IS A NICE GUY.

Thanks Ben for the short and sweet article.

Supermax has a lot of upside from the looks of it.

If we factor in the impending Long term contract deal with the Biden Administration, the sky's the limit for Supermax.

Recovery stocks especially technology stocks which has run up ahead fundamentals- will see a big correction as the looming STRICT lockdown will impact on their earnings for the next 2-3 quarters. Banks will be the hardest hit as the economy contracts and escalating Non performing loans. Genting too will be hit badly.

However, Gloves sector will see its uptrend return after a 40% correction.

All Big 4 are SUPER undervalued.

Latest fro the USA-

President Joe Biden seeks to reset the nation’s inconsistent coronavirus testing efforts with a $50 billion plan and more federal oversight.
-----------------------------------------------------
The plan calls for federal agencies to use the wartime Defense Production Act to fix persistent shortages of testing and vaccine supplies, as well as protective equipment such as gowns, GLOVES and N95 masks. ( Beyond Mask)

I would prefer if HARTA release their record results without giving any prior notice.

The BIG surprise will lead to a BIG rise.

Just my 2 cents.

Harta Results will be released after close today- . RM1 billion PAT expected.- patient ya.

@ targted- He will be seeking for a NYSE listing when his massive factory in Delaware is up and running.

Excellent growth & well managed companies like SUCB are treated like SHIT in Bursa.
---------------------
Im quite sure Stanley already considering plan for US listing..................

Technology stocks has peaked- Most are OVERVALUED.

Look at the valuations of some tech stocks-

1- UWC- PE -.....95
2-Vitrox-PE........85
3-Greatec PE.....88
4-KESMI.PE......189

SUPERMAX PE of only 8.8 times- THE UNDERVALUED GEM in BURSA

Supermax will be announce record profits in a week or two- a whopping PAT of RM 1 .1 billion or RM0.40 sen earnings per share for the quarter.

This will leaves Supermax with a Trailing PE of 8.8 times.

(2.31+5.42+30.58+40=78.31 sen)

6.90/78.31= 8.8 times PE

Correct Bro !

For those who are in recovery stocks and tech, pls be very careful with your hard earned money.

This could be just a beginning for the REAL COVID-19 PANDEMIC MELT DOWN.
__________________
Posted by JohnFarmer458 > Jan 25, 2021 10:28 AM | Report Abuse

Full Lockdown is confirmed could be earlier than 4th Feb

John, your info is always spot on. thanks for sharing.

Recovery stocks especially the overvalued Technology ones will see a big correction.

Posted by JohnFarmer458 > Jan 25, 2021 10:28 AM | Report Abuse

Full Lockdown is confirmed could be earlier than 4th Feb

Excellent BIG ROAD BLOCK at Batu 6.50 - demolished! Yipeee.

Shorties paper loss on TG- estimated at RM 200.million paper loss.

5.69-6.50=81 sen x 2 million =162 million excluding interest

if interest included is around RM200 million.

Very good chance RSS will be suspended.due to the looming STRICT lockdown.

Must be music to JPmorgan's ears lol.

Dont PANIC JPMorgan. Haha

Just unwind your SHORTS and go LONG on GLOVES.

@ Well said Bro Eddie.

The fact that the Gov did not deny the report and instead telling Eurocham to issue denial is proof of the matter. If Gov say no, but implement it later it will be akin to flip flop instruction. Looking at current MCO implementation, if the Gov maintain as it is the cases will not fall. People can literally travel inter district without any problem shows that current MCO is not really strict at all.

Hence, the chances of full lockdown is more likely to happen whether Eurocham leak the news or not because current MCO is just not working. Today cases still hovering above 3000. Anyone think that it will go down to double digit comes 4th Feb ? Big dream.

Not all manufacturing will be closed fully though. Those considered as essential will remain open. Some peeps say that Glove factory will be closed like any other manufacturing are just dumb as NUTS. Glove is the main PPE in fight of this virus. Whole world needs it. And Gov also need the tax from these glove titans to fund the fight against the virus economic impact.

If gloves factory are asked to close, imagine the ASP, it will go up and glove makers will have even longer fulfilling order period to meet the backlog and new incoming order from USA. It will spill over 2023, just on back order alone already 500days++.

It will have potential repeat of V curve for two simple reason.
1. The share price down so much and is so cheap - based on EPS and also the fact the previous bonus split making it more affordable to own.
2. The gloves stellar performance and almost confirm profit and dividend payout is very attractive to fund manager and retailers alike.

Big ang pau coming CNY.

Huat Arr

JP Morgan will be forced to short squeeze and get roasted- they jolly well deserve it.

SUPERMAX poised to play a big role in Biden's Rescue Plan.
-------------------------------------------------------------
Supermax Corp Bhd has incorporated a new wholly-owned subsidiary, Maxter Healthcare Inc, in Delaware, US, to manufacture medical gloves and other personal protective equipment.

A LONG TERM Agreement to supply USA with GLOVES & PPE's.is on the cards.

A listing on the NYSE ? May be in a few years time.

RM12.88 coming.

@ Well said Bro Eddie.

The fact that the Gov did not deny the report and instead telling Eurocham to issue denial is proof of the matter. If Gov say no, but implement it later it will be akin to flip flop instruction. Looking at current MCO implementation, if the Gov maintain as it is the cases will not fall. People can literally travel inter district without any problem shows that current MCO is not really strict at all.

Hence, the chances of full lockdown is more likely to happen whether Eurocham leak the news or not because current MCO is just not working. Today cases still hovering above 3000. Anyone think that it will go down to double digit comes 4th Feb ? Big dream.

Not all manufacturing will be closed fully though. Those considered as essential will remain open. Some peeps say that Glove factory will be closed like any other manufacturing are just dumb as NUTS. Glove is the main PPE in fight of this virus. Whole world needs it. And Gov also need the tax from these glove titans to fund the fight against the virus economic impact.

If gloves factory are asked to close, imagine the ASP, it will go up and glove makers will have even longer fulfilling order period to meet the backlog and new incoming order from USA. It will spill over 2023, just on back order alone already 500days++.

It will have potential repeat of V curve for two simple reason.
1. The share price down so much and is so cheap - based on EPS and also the fact the previous bonus split making it more affordable to own.
2. The gloves stellar performance and almost confirm profit and dividend payout is very attractive to fund manager and retailers alike.

Big ang pau coming CNY.

Huat Arr

SUPERMAX has NO issues with its workers contracting Covid virus will be allowed to operate its state of the art glove manufacturing plants.

The best ESG company- Enviromental, Social & Corporate governance company and complies with the International Labour standards.

The Biden Administration is also eyeing Supermax.
-----------------------------------------------------------------
Posted by gemfinder > Jan 24, 2021 9:34 PM | Report Abuse

Yup. Should mco all 4 gloves. There r d culprits in d first place

Breaking news-on lockdown

https://klse.i3investor.com/blogs/emsvsi/2021-01-24-story-h1540126365-BREAKING_Complete_Economic_Shutdown_Actual_Eurocham_Letter_to_Members_d.jsp

Latest on Lockdown- Judge for yourself.

https://klse.i3investor.com/blogs/emsvsi/2021-01-24-story-h1540126365-BREAKING_Complete_Economic_Shutdown_Actual_Eurocham_Letter_to_Members_d.jsp

SUPERMAX has NO issues with its workers contracting Covid virus will be allowed to operate its state of the art glove manufacturing plants.

The best ESG company- Enviromental, Social & Corporate governance company and complies with the International Labour standards.

The Biden Administration is also eyeing Supermax.

-----------------------------------------------------------------------------------
Posted by Superbull88 > Jan 24, 2021 5:07 PM | Report Abuse

Glove factory are 1 main factor spread COVID-19 virus , government gurantee will instruct shut down production 4 week , to disconnect COVID-19 from spread , this good to bring COVID-19 drop below 200 caases ,

If thats the case SUPERMAX will surge to all time high of RM12 soon.

Posted by beginner > Jan 24, 2021 4:29 PM | Report Abuse

Asp up 100% to 300% then, Biden will pay whatever price to cut queue

Correct !.There is an acute world shortage of Gloves and maybe only Gloves manufacturers will be allowed to operate. Absolutely ESSENTIAL in this raging pandemic.

Posted by lanikai > Jan 24, 2021 3:48 PM | Report Abuse

If glove companies need to shut down or need to be limited in operation, ASP will shoot up further, win-win situation ma

I dont think glove factories will need to shut down as it is an essential PPE not only in Malaysia but also all over the world.

In glove, we trust.

Gloves will not be impacted as GLOVES are essential industries and it will be business as usual.

Other non essential industries will be affected such as technology & construction.

Gloves will not be impacted as GLOVES are essential industries and it will be business as usual.

Other non essential industries will be affected such as technology & construction.

Posted by darksith > Jan 24, 2021 3:13 PM | Report Abuse

If strict lockdown, would gloves be impacted?

“Do not enforce a half-baked MCO which will surely be extended numerous times,” he said on his Facebook.
--------------------------------------------------------------------------------------
In light of soaring workplace clusters, Najib asks Putrajaya to enforce strictest MCO for at least two weeksAuthor: savemalaysia | Publish date: Sun, 24 Jan 2021, 2:31 PM

KUALA LUMPUR, Jan 24 — Putrajaya should enforce the strictest of movement control order (MCO) for at least two weeks following the recent spike in the number of Covid-19 clusters involving workplaces, Datuk Seri Najib Razak said today.

Najib, who is also Pekan MP, questioned the logic behind the renewed MCO — dubbed MCO 2.0 — as to whether its objectives were actually meant to maintain control over the pandemic.

“Since the beginning, it has been said that sectors contributing to the majority of Covid-19 cases in the third wave leading to the reinstatement of the MCO is the manufacturing and construction sector.

“Yet, sectors allowed to operate in MCO 2.0 also include the manufacturing and construction sector. For that reason, do enforce MCO 2.0 with the strictest measures without any relaxation for two weeks.

“Do not enforce a half-baked MCO which will surely be extended numerous times,” he said on his Facebook.

In light of soaring workplace clusters, Najib asks Putrajaya to enforce strictest MCO for at least two weeks
---------------------------------------------------------------------------------------
Author: savemalaysia | Publish date: Sun, 24 Jan 2021, 2:31 PM

KUALA LUMPUR, Jan 24 — Putrajaya should enforce the strictest of movement control order (MCO) for at least two weeks following the recent spike in the number of Covid-19 clusters involving workplaces, Datuk Seri Najib Razak said today.

Najib, who is also Pekan MP, questioned the logic behind the renewed MCO — dubbed MCO 2.0 — as to whether its objectives were actually meant to maintain control over the pandemic.

“Since the beginning, it has been said that sectors contributing to the majority of Covid-19 cases in the third wave leading to the reinstatement of the MCO is the manufacturing and construction sector.

“Yet, sectors allowed to operate in MCO 2.0 also include the manufacturing and construction sector. For that reason, do enforce MCO 2.0 with the strictest measures without any relaxation for two weeks.

“Do not enforce a half-baked MCO which will surely be extended numerous times,” he said on his Facebook.