bursa hang later?

collecting at 10sen before the announcement of new contract awarded.
- Order book stand at 14B
- Oil demand is recovering with optimism in vaccine to be ready by end of the year
- QR result is better than last year.

guys there have been people collecting at 1.5sen. nobody was able to buy at 1sen since the last several trading days. QR is showing profit.

Director acquired 20,000 shares? something is missing here.. i think missing 000.

The Board of Directors of Nexgram wishes to announce the following additional information
as required in Query:

1. The source of the supply of the PPE i.e. the gown and medical gloves to NBSB
for NBSB’s onward distribution to MAPU.

NBSB get the supply from Crecom Burj Gloves Sdn Bhd which NBSB is the appointed
representative for AAMI Isolation Gown and K-Gloves Nitrile Examination.

2. Total capital and/or investment outlay required of NEXGRAM and/or NBSB in
respect of the venture into the distribution of PPE to MAPU.

No capital or investment outlay is required by NBSB as the customer is required to pay
the deposit of their order.

3. Clarification on whether the sale of PPE to MAPU requires any government
approvals in Malaysia and/or Indonesia. If yes, please state the government
approvals NBSB needs to obtain and the status of such approvals.

PPE is not required approval from Medical Device Authority. However, MAPU will apply
the special access approval from Kementerian Kesehatan Republik Indonesia upon
each delivery.

4. The commencement and expiry dates of the sale of the Products to MAPU as
stipulated in the Agreement.

The first delivery of the order for AAMI Isolation Gown and K-Gloves Nitrile
Examination Gloves-Powder Free will be on November 2020.

This announcement is dated 28 July 2020.

no news is good news

this time for real?

Thanks @Chuan1995. But it didn't mention about profit margin.
Assuming
2millions gowns x RM10 per piece x 12 months = 240m
500k boxes of glove x RM 30 per box x 12 months = 180m

Total contract worth 420M

Estimate
Profit margin 5% = 21m per year
Profit margin 10% = 42m per year
Profit margin 15% = 63m per year
Profit margin 20% = 84m per year

Based on their FY 2019 they are making losses around 22M. Even with profit margin 5% this contract should help them back to profit making next year.

Indonesia rank top 4 highest population in the world.

anyone have reliable info about the profit margin for nexgram from the contract?

it's time to wake up?

looks like something is going to happen this week

good123, i tot you already sold all when it hit 0.66, now u buy low again?

as i said before, the biggest enemy is not the stock itself, but its our own EQ. If your buy sell is controlled by your emotion and you cannot sustain these kind of ups and down. You can sell. The facts is right there, TG management already made announcement about this matter, banks already released their view on this matter. If you buy or sell based on your emotion, you will still lose money no matter you are in which stock. Set a target price to sell and buy for yourself and stick to it.

this is pretty unexpected. TG in singapore recovered almost 10% at the time of writing.

even with vaccine found, the demand for glove will still continue. It's a very common sense thing to think about. If you agree that even with vaccine found, people are still afraid to fly then why would you think that people will stop using gloves, masks and sanitiser?

The fact is that, these gloves company will still make profit for several quarters. As long as the company can make profits for several quarters and each quarter they made more than the previous quarter, these company share price will not stop increasing. There will always be people who panic sell based on rumours and news, but you should really sell when you think their next QR is going to be a bad QR. Why would you want to sell if you think their coming QRs will be better than their previous QR?

Remember, this is a stock market, there is up and down, it will test your EQ to the limit. If you cannot sustain it, you won't see your TP realised.

https://www.bloomberg.com/news/articles/2020-07-14/moderna-vaccine-produced-antibodies-in-all-patients-tested?srnd=premium-asia

Some highlight from the article about moderna vaccine

1. Moderna Inc.’s Covid-19 vaccine produced antibodies to the coronavirus in all patients tested in an initial safety trial, federal researchers said, clearing an important milestone as the U.S. continues to grapple with a surge in new infections.

2. The findings are likely to increase hopes that a vaccine can be brought to market quickly. However, a number of patients in the trial experienced side effects, some of them severe. The vaccine will move into a much larger late-stage trial later this month that’s likely to determine whether it’s approved by U.S. regulators.

3. One significant limitation of the data is it only includes data from the first 45 patients in the study, all of whom were from age 18 to 55. Results from a second portion of the phase 1 trial that included people older than this -- a key demographic for any Covid-19 vaccine, given the high death rate in older patients -- are not available yet.

4. At the time, Moderna was criticized by some scientists for putting out a release describing positive results that temporarily drove up the company’s stock price, but included few numbers that would allow scientists to interpret the data.

the sharp fall most likely was due to some IB taking profit and it causes some people to panic sell. We saw a rebound afterward, it could also means that the IB saw a panic selling and they buy back to hold the position. This should be a normal profit taking procedure and it should be back to normal and still with space to rise.

I am not promoting a buy or sell call here.

https://www.marketwatch.com/story/opec-and-allies-set-to-ease-oil-output-cuts-anticipating-demand-recovery-2020-07-11

https://www.marketwatch.com/story/opec-and-allies-set-to-ease-oil-output-cuts-anticipating-demand-recovery-2020-07-11

let's hope next week we can see someone comment about "it has up more than 90% since last Monday (29 June). There should be some healthy correction in place" =)

waiting for the 4pm geng

wonder where is the hardcore promoter good123? i guess gp hired him to promote and asked him to stop today because the price will speak for itself from today onwards =D

there must be some big investor coming in. if you look at the 5 minutes chart. That volume can't be some fake fish.

The fact that the company is having a positive qr and we all know the coming qr will be good as well. If you have set a value for this stock when you enter and you have patience you win. if you everyday monitoring at the counter and follow the wind you already losing.

https://klse.i3investor.com/blogs/koonyewyinblog/2020-06-11-story-h1508730406-Comfort_how_to_play_the_game_Koon_Yew_Yin.jsp

enter before the banks trying to get in again

My fellow investors, this war is far from ending. These rubber companies will keep produce more and more to help fight the war. The current bullish tells the banker that their evaluation about the value of these rubber companies was wrong. The demand is far from reaching the limit.

break 4 sen soon. hang on tight.

support coming in soon