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2020-12-09 11:36 | Report Abuse
Extract fm newscut
.Inix plans to expand the factory’s production up to 14 lines in the next one-year plus. It estimates that the total investment into the expansion will be worth no less than RM50 million.
He said the ACE Market-listed company sees a synergy between WGI and L&S Gloves, allowing it to market and promote its own gloves to become an international glove supplier and not depend on third-party suppliers.
“In that way, whatever supply WGI is doing right now, we expect it to increase by two or three times in the short-term period,” he said after a memorandum of agreement was sealed with WGI yesterday.
WGI currently distributes one million boxes of nitrile and latex gloves to the US, Europe, the Middle East, India, Japan and South Korea..
Next year production Inix determined to increase 3 times...with investment addtional line to boost output.
Translate it into revenue to apperciate from RM10 mil/ month to RM 30 mil/ month.
Which means the stock price is as good as TP 2.00 0r more.
This not yet vacc initiatives.....taking into considerations.
Decisions are yours.. trade wisely
Disclaimer
2020-12-09 11:31 | Report Abuse
Haaaa now good of u Becareful..the rational is there....
2020-12-09 11:21 | Report Abuse
Wowwww..very lucrative...indeed
2020-12-09 11:21 | Report Abuse
Thats above is extract fm WGI.....genuine info
2020-12-09 11:19 | Report Abuse
.WGI Group chief operation officer Goh Poh Seng said it has advanced equipment and perfect international sales channels.
"The three main glove products produced by the group, namely latex gloves, nitrile gloves and surgical gloves, sell well in many countries. Our turnover is RM10 million per month," he said.
Last Friday, Inix inked a Memorandum of Agreement with L&S Gloves Sdn Bhd (L&S Glove) to buy a 51 per cent stake in the latter.
This would be Inix's latest manoeuvre to penetrate into the lucrative rubber glove industry.
Turn over monthly wgi...impressive rm 10 mil/ month
2020-12-09 11:13 | Report Abuse
Monthly revenue if not mistaken....usd10 mil....
2020-12-09 10:55 | Report Abuse
Price sideways for a while..forced selling yet to come.. 1100-1230..my guess.
As long as above .44.... Its strong support .... Intact
2020-12-09 10:15 | Report Abuse
Maybe forced sell coming in for trading on 4/12/20...2.6 mil shares ....
If the market can absorb well..then sure its indicator for inix to flyyyyyyyyyyy
2020-12-09 10:12 | Report Abuse
Hahaaaa rite batman..arcadia is wonderwoman..match...hahaas
2020-12-09 08:01 | Report Abuse
Hahaaa enjoy breakfast first... .
2020-12-09 07:33 | Report Abuse
Batmanreturn..your input is marvelous bro..tq thumbs up
2020-12-09 07:31 | Report Abuse
Tq all traders sharing info.... Views... To naysayers pls less bad mouth.. stock is nothing wrong, shark ..bilis is part of the game. Be pro.... Trade on own risk.... Decision is ownself. Your trading style may differ from your peers but not necessarily yours are righteous. No right or wrong... And do not mislead ppl. .. The only result we sought is the best ROI.....achieving this then your decisions is correct.. other wise we keep on strategise on our approach ....
No one solution fits all approaches....
Trade wisely...
Inix fly
2020-12-09 07:06 | Report Abuse
Agreed with Yuhain.... External and internal indicators are very strong will be translated and reflected in the open market. May God guide us all to a very very fruitful journey .... ..
Vacc theme and glov could never be separated.. they complement each other... No use if u re male(vaccine) but no female ( glove)
2 make things happen....
Trade on own risk decisions are yours
2020-12-08 22:19 | Report Abuse
Hahaaa batman.. yeeah inix save the world 3 times with 3 types oof vacc. Cansino, sinopham, sinovac
Yesssss inix fly
2020-12-08 22:16 | Report Abuse
Miz rayA bloom... KYY likes to mislead ppl...his comments lately at times contradict... Ayooo..
2020-12-08 22:10 | Report Abuse
Jom terbang. Well dun bro...marvelous
Forget KYY...always mislead ppl for his gain
Its very optimistics inix fly
2020-12-08 21:37 | Report Abuse
.Gap up tomorrow imminent
2020-12-08 21:36 | Report Abuse
To recap...success stories of inix latest acquisition initiatives .
Inix Technologies Holdings Berhad (0094) Signs Memorandum of Agreement with World Gloves International Group Sdn Bhd (WGI)
8 December 2020
At a press conference held at World Gloves International Group Sdn Bhd (WGI) headquarters today, Inix Technologies Holdings Berhad (INIX) signed a memorandum of agreement (MOA) to acquire a 51% stake of WGI.
WGI is a supplier of nitrile and rubber latex gloves and has been selling its products to the United States, Europe, the Middle East, Japan and South Korea. It’s products all carry FDA, EN455 and CE certification.
This acquisition, together with INIX’s recent purchase of a 51 l% stake into L&S gloves Sdn Bhd has positioned INIX as a serious player moving into the lucrative glove industry.
2020-12-08 21:28 | Report Abuse
Limit up indicators are there ... 0.74..
2020-12-08 21:27 | Report Abuse
Inix is now.glove abd vacc counter... Hahaaaa
2020-12-08 21:19 | Report Abuse
Tomolow. Limit up.....likely ..yesss bravo inix fighters
2020-12-08 18:06 | Report Abuse
.David3app...buy or sell is your own decisions... What you do...is not necessarily buy or sell call...
But dont be a hero..talking being trap, ..etc..thats you..the forum dont bloody care..
But please do not protray as if your actions is good... And try to be robin hood to save others.. ..this is trading market..we share info ....
Appaling and embarassing atitude
Ayoooooo.
Decisions is yourself
2020-12-08 17:55 | Report Abuse
Tomorrow must be exciting....
2020-12-08 17:53 | Report Abuse
Some additional positive news for INIX 0094 as Malaysia will be taking VACCINE from CHINA because of different production method, and only required to be kept at 2 to 4 degrees celcius. INIX 0094 will potentially benefit the most from this.
https://twitter.com/501Awani/status/1328930243294367744?s=19
Follow the link its quite clear doctors and pharma..prefer Chinese vacc due to logistic and ease of storage, etc over pFizer or Moderna
2020-12-08 17:46 | Report Abuse
Now inix have acquired 2 gloves factory.. L&S Glove sdn bhd beranang industrial park... And WGI World Glove International in PJ....
Inix really grab the opportunities for growth.
2020-12-08 15:54 | Report Abuse
.World Gloves International Group - WGI
Manufacturing and Distribution of Latex Gloves and Nitrile Glove
2020-12-08 15:18 | Report Abuse
Inix sure fly good news
2020-12-08 14:34 | Report Abuse
Hahaaaaa momentum up
2020-12-08 12:14 | Report Abuse
Demand for glove still hot
2020-12-08 12:13 | Report Abuse
..hot stuff u rite.. bz move on..
https://www.theedgemarkets.com/article/covid19-rhb-says-vaccine-deployment-could-generate-demand-18-billion-pieces-gloves-year
2020-12-08 12:10 | Report Abuse
So see glove demand still at its best
2020-12-08 12:10 | Report Abuse
Info
Buyers are reminded that while glove prices have soared and demand is overwhelming, the industry’s supply is being fully booked until early next year," MARGMA President Denis Low said in a statement.
"MARGMA foresees the shortage of gloves due to overwhelming demand this year to spill into 2021."
The global disposable gloves market was valued at $7.6 billion last year and is expected to reach $11.8 billion by 2025, according to VynZ Research
2020-12-08 11:19 | Report Abuse
See afternoon session...whats in store....
2020-12-08 11:19 | Report Abuse
Otherwise u re just instil bad mouth talks ...
2020-12-08 11:18 | Report Abuse
Trap????thats ur preceptions
Facts.. inix embarking into glove and vacc are true.
Give reason why trap? To support ur argument.
Market place up down normal...
2020-12-08 11:08 | Report Abuse
.Afternoon..session...inix surge back above .50
News coming in..
2020-12-08 11:06 | Report Abuse
Og trader... U re wrong.... Just off pc... In a month time Jan TP $1
Hahaaa
2020-12-08 10:26 | Report Abuse
Inix already operating glove factory... Running. Acquisition done 2 Dis20
Now to start producing already ....
2020-12-08 10:25 | Report Abuse
Why agreement? Ayaaaaaaa
Already acquire ...and to start producing churning glove soonest
2020-12-08 10:14 | Report Abuse
Yes acquisition of on going operationl glove factory L&S Glove Sdn bhd in Beranang industrial park
2020-12-08 09:58 | Report Abuse
Inix will likely to follow GETs, Solution and Bintai footprints........just patience...
Trade on own decisions
2020-12-08 09:57 | Report Abuse
The initiatives by INIX ..... Glove and vaccc is good combination.... With the new latest Chairman...networking ..its something good for inix growth. In the pipe line... Budget covid already readout and approved. ..catalyst for uptrend
2020-12-08 09:53 | Report Abuse
Accumulating againnnn.....emmmm
Stock: [ZENTECH]: ZEN TECH INTERNATIONAL BERHAD
2020-12-09 12:35 | Report Abuse
Hahaaaa .. never belowc.40.....emmm