Vaccine news caps rally of new glove industry entrants
KUALA LUMPUR (Nov 10): The slew of companies that recently announced plans to enter the rubber glove business were broadly hit by a selldown this morning amid news that an experimental Covid-19 vaccine developed by Pfizer and its German partner BioNTech was more than 90% effective.
As of 10.09am, shares in AT Systematization Bhd had slipped 11.6% or 2.5 sen to 19 sen. It was the most traded counter this morning, with 1.05 billion shares traded within two hours after the opening bell.
Luster Industries Bhd was the seventh most actively traded stock today, with some 76.86 million shares done. It was down by 11.63% or 2.5 sen at 19 sen, valuing it at RM458.05 million.
Meanwhile, HLT Global Bhd shares were trading 5.03% or eight sen lower at RM1.51, giving the stock a market capitalisation of RM925.99 million. HLT saw 8.77 million shares transacted.
Mah Sing Group Bhd, whose share price had more than doubled after announcing its foray into the rubber glove space, dropped 5% or five sen to 95 sen apiece, translating into a market value of RM2.31 billion.
As for Inix Technologies Holdings Bhd, it was down 6.52% or 1.5 sen at 21.5 sen, valuing it at RM89.76 million. The counter saw 2.45 million shares transacted.
Titijaya Land Bhd fell by 1.21% or half a sen to 41 sen piece, valuing the property developer cum rubber glove and Covid-19 vaccine player at RM556.94 million.
Meanwhile, Hong Seng Consolidated Bhd (formerly known as MSCM Holdings Bhd) was down by 2.83% or three sen at RM1.03.

Kanger bucks the trend
However, Kanger International Bhd bucked the trend. Its share price was up 2.63% or half a sen at 19.5 sen. Thes stock was the third most actively traded counter on Bursa Malaysia, with 240.34 million shares done.
The new entrants, except for HLT Global, have yet to commence glove production. The availability of the vaccine raises the question of whether growth in demand for disposable rubber gloves will remain as strong moving forward to absorb additional supply from the new entrants.
The selldown seen among most of the new kids on the block in the rubber glove sector came after Pfizer made an overnight announcement that its Covid-19 vaccine candidate had a more than 90% efficacy rate with no serious concerns based on initial trial results.
Pfizer is hoping to ship out up to 50 million doses this year for 25 million people, and produce 1.3 billion doses in 2021.

KUALA LUMPUR (July 29): The Ministry of Communications and Multimedia (KKMM), via its agency Malaysia Digital Economy Corp (MDEC), will be working closely with the Ministry of Higher Education (MOHE) to partner with more tech companies such as Acestar, AWS, Cisco Academy, Microsoft, Oracle, Quandatics, and SAS Institute to create digitally-skilled faculty experts and graduates.
In a statement, MDEC said as part of its commitment to ensuring industry-relevant curriculum delivery at all MDEC’s Premier Digital Tech Institutions (PDTIs) and Data Partner Universities, MDEC will be working closely with more technology partners to expand its Digital Tech Faculty Expert (DTeX) programme.
It said the partnership will allow the tech partners to contribute to growth of industry-ready skills required in the workforce that is critical to meet the industry’s current and future demand.
MDEC said the DTeX initiative was started in 2019 and to date it had garnered the support of eight technology companies which had collectively trained 370 lecturers.
It said for this year, DTeX 2020 is in line with MDEC’s objective to create a pool of digital experts among PDTI faculty members for more sustainable and scalable ways to equip tertiary-level students with industry-relevant skills.
MDEC said DTeX 2020 aims to continue strengthening the quality of teaching and learning in PDTIs and Data Partner Universities via the creation of a pool of digital tech subject matter experts among faculty members.
MDEC added that it is now calling for more tech partners to come forward and work together to build a sustainable and quality digital tech talent pipeline, hence accelerating the digital economy forward.
The latest line-up of technology partners will be conducting Train-the-Trainer programmes for PDTI lecturers in a range of in-demand tech solutions and skills, it said.
MDEC vice-president for digital talent development Dr Sumitra Nair said MDEC had a strong focus on creating digitally-skilled Malaysians across the talent life cycle.
The DTeX 2020 initiative kicked off in May this year with lecturers from 23 institutions of higher learning, inclusive of 16 PDTIs.
We are targeting a total of 200 lecturers to be trained over the next five months, who will then integrate their skills into their classes at their respective institutions, potentially impacting about 2,000 students. This will help to produce more job-ready graduates,” she said.
Sumitra said the initiative is meant to help Malaysians make that digital leap in the area of Fourth Industrial Revolution (IR 4.0) jobs, while establishing Malaysia as a designated hub for talent and the best location for businesses to invest and grow. Malaysia must make the digital leap and embrace the concept of living and working in the era of IR 4.0 to drive shared prosperity and reinforce the country's role as the heart of a digital Asean.

The Government via the Communications and Multimedia Ministry, along with other relevant agencies is working together with major communications service providers to develop a comprehensive digital infrastructure plan to meet the people’s needs.
Communications and Multimedia Minister Datuk Saifuddin Abdullah said discussions at the National Digital Infrastructure Laboratory (IDN Lab) had commenced on July 13 with the Malaysian Communications and Multimedia Commission (MCMC) as its facilitator.
These firms had also briefed him on the latest development of the talks in Parliament today, he added.
In its first two weeks of the discussion, Saifuddin said the IDN Lab had agreed in principle on the nation’s aspirations and needed achievements concerning broadband coverage and services.
“Special focus is given on plans to widen coverage in rural and remote areas, besides also improving broadband services as a whole,” he said in a statement here today.
The availability of existing digital infrastructure information as well as other relevant data from various sources would also be enhanced to enable more effective planning.
Saifuddin said the results of the final discussions of the IDN Lab to finalise targets related to the development of the country's digital infrastructure would be known in mid-August.
He said the Government was very concerned and aware of the people's wish to enjoy a satisfactory level of connectivity and quality of experience in communications services.
“The need for digital connectivity is becoming increasingly important, especially after COVID-19. The planning and construction of a more thorough, comprehensive and quality digital infrastructure that supports the economic sectors and new growth areas have become important aspects,” he said.
Saifuddin, who also expressed his appreciation to all parties involved said, the results of the IDN Lab would provide a solid foundation very much needed for the 4th Industrial Revolution and 5G mobile technology.
Looking at the progress of the IDN Lab discussions so far, he expressed confidence that a comprehensive digital infrastructure plan could be finalised to enable key sectors to benefit from the digital economy environment and new norms.

good sign

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