I invested in this stock before they made a deal with RDIF because it had good prospects in the imedic sector. But the problem is most investors now are looking at the Sputnik V deal because it is more lucrative in the short term. That's why the price keeps falling due to sanctions on cross border payments. However, there might be respite soon with payment settlements now possible through China's financial institution.
Sputnik aside, the imedic may take a longer time to flourish here. Teladoc is in a different playground. Even then they are still in the red.Ucrest will depend much on the implementation of 5 G infrastructure. We will see how this pans out.
war ending soon, ucrest fundraise most probably to 1. expand business in other countries 2. AI plan completing soon 3. More advance AI n IOMT. = WIN WIN WIN
Let's hope the Sputnik V payment issues are resolved. Many contract manufacturers are in a predicament due to this. At this moment Sputnik V is the catalyst. Imedic is only for the long run.
Sanctions are on RDIF etc. But vaccines should be exempted on humanitarian grounds.
Having said that, most investors don't look beyond the short term now because of conflict. That explains the volatility of its share price. Everyone wants to make a quick profit
Even if someone goreng, others will dump to make a quick profit. Everything will go back to square one. Unless there's really substantial news about the company that will sustain its uptrend. So trade cautiously
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
JovaneChua
524 posts
Posted by JovaneChua > 2022-03-05 03:44 | Report Abuse
im still supporting, i will not run, because im sure that it will reach RM 1.