@edward96, agreed fully with your views that today's movement is just a minor correction and some panic selling due to the reduction in face mask ceiling price to RM1 that was just announced. The demand for face mask will continue to grow and may become permanent as more people around the world grow conscious of its hygiene benefits and accept mask wearing as a new societal norm. Countries would also need to rebuild and replenish their stockpiles even after Covid-19 is completely eradicated that may still be a long way ahead.

In any event, Pecca's core business of manufacturing, distributing and installing car leather upholstery is still rock solid and is bound to do exceptionally well during the entire SST exemption period for motor vehicle sales. Will continue to buy on price dip while monitoring the ongoing development.

With all major car manufacturers announcing record sales in July, timely venture into PPE while the world demand for face masks continues to soar and strong solid fundamentals, it is obvious that the market has yet to fully realize and price in the PECCA's full potential.

There is in fact great news announced by PECCA today that their venture into the PPE Business Activities in the Healthcare Sector is going smoothly and they plan to expand!

Already received ISO certification for design, development and manufacturing of Non-woven Jumpsuit, Isolation Full Set Cover, Isolation Cap Cover, Isolation Shoes Cover, Face Shield, 3-Ply and KN95/N95 Face Mask for Surgical/Medical and General Use! And applying for US FDA and EU CE marking for export! Regret not loading up more today as it will definitely limit up on next Monday!

Company Name : PECCA GROUP BERHAD ("PGB" OR "THE COMPANY")
Type : Announcement
Subjects : Others
Description : Venturing into PPE Business Activities in the Healthcare Sector

Further to the Company's announcements dated 29 June 2020 and 2 July 2020 in relation to PPE
Business Activities in the Healthcare Sector, the Board of Directors (“Board”) wishes to announce that Pecca Leather Sdn Bhd ("PLSB"), a wholly owned subsidiary of the Company, has obtained ISO13485:2016 Quality Management System Certificate for the design, development and manufacturing of Non-woven Jumpsuit, Isolation Full Set Cover, Isolation Cap Cover, Isolation Shoes Cover, Face Shield, 3-Ply and KN95/N95 Face Mask for Surgical/Medical and General Use.

PLSB has also registered with Medical Device Authority (MDA) of Malaysia for the establishment license to commence the sole of PPE products.

Additionally, PLSB is in the midst of applying the certification from the U.S. Food and Drug Administration (FDA) and the CE marking from European Union for the abovementioned products, so that to enable the Company to penetrate into the export market.

The Board wishes to further announce that PLSB is purchasing additional face mask machineries to expand its production capacity.

Further announcements will be made to Bursa Malaysia Securities Berhad if there is any material development on the above business activities.

This announcement is dated 7 August 2020

With a 8 year record breaking monthly sales figure for Proton and the PPE manufacturing line coming online, the positive impact to Pecca could be doubled!

Finally, it is time for PECCA to shine now.