SOLUTION GROUP BERHAD

KLSE (MYR): SOLUTN (0093)

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Last Price

0.13

Today's Change

-0.005 (3.70%)

Day's Change

0.13 - 0.135

Trading Volume

367,900


16 people like this.

16,188 comment(s). Last comment by Mar2083 1 month ago

joyvest

10,575 posts

Posted by joyvest > 2020-11-28 06:24 | Report Abuse

PUTRAJAYA (Nov 27): Health director-general Tan Sri Dr Noor Hisham Abdullah said Malaysia’s procurement and use of the Covid-19 vaccine will depend on five aspects.

He said they are safety registration, supply, distribution, monitoring of side effects and evaluation of the vaccine’s effectiveness.

Dr Noor Hisham said the registration of the Covid-19 vaccine was a key condition that must be met to ensure it was effective and safe.

The vaccine needs to be registered with the FDA (United States Food and Drug Administration) and the Health Ministry’s National Pharmaceutical Regulatory Agency (NPRA), he said.

“If, for example, the pharmaceutical company Pfizer fails to register with FDA, then the whole deal will fall apart,” Dr Noor Hisham said referring to the agreement reached with the Pfizer for the supply of the vaccine.

Dr Noor Hisham said this when responding to Prime Minister Tan Sri Muhyiddin Yassin's announcement of the Malaysian government’s agreement with Pfizer to obtain 12.8 million doses of Covid-19 vaccines to meet the immunisation needs of 20% or 6.4 million Malaysians.

On the 6.4 million Malaysians who will receive the vaccine, Dr Noor Hisham said the vaccine would be given to those aged 18 and above with priority for health workers, frontliners and high-risk groups such as the elderly and those with low immunity.

He said currently 12 vaccines have been tested at the third phase of clinical research but there was still no complete report on any one of them.

Dr Noor Hisham said the Health Ministry (MoH) for now only received reports from the media and social media on the effectiveness of the vaccines.

"When the MoH studies a report, we (MoH) will set up a committee to look into the effectiveness, side effects and so on.

"This is important before the vaccine can be registered. If the vaccine cannot be registered, there may be safety issues and so on, and we (MoH) will not use the vaccine,” he said.

_____________________________________________

It appears that China one is the most reliable and effective in terms of meeting the above requirements....

Victorino

628 posts

Posted by Victorino > 2020-11-28 06:31 | Report Abuse

Pfizer not receive approval from FDA and NPRA yet, and even though they managed to get it, 50m doze by this year production, domestic demand also not enough, the 1st queue from UK and EU countries already purchased more than next year productions which is 1.3 billion. Our PM announcement is only 'going to sign booking'. But our DG said those effectiveness are all from the news.The purchase must base on the proven of safe to use, which is report comes 1st, follow by the FDA and NPRA....

Victorino

628 posts

Posted by Victorino > 2020-11-28 06:44 | Report Abuse

More than 1 million people vaccinated in China. Its a convincing number compared to Pfizer number.

joyvest

10,575 posts

Posted by joyvest > 2020-11-28 07:34 | Report Abuse

That's why I say.....no side effect has been reported...the longer the time,the better the proof of effectiveness.

HamsterHuat

2,852 posts

Posted by HamsterHuat > 2020-11-28 09:14 | Report Abuse

@joyvest.....
Atian looking for you.

hahaha

HamsterHuat

2,852 posts

Posted by HamsterHuat > 2020-11-28 09:14 | Report Abuse

CanSino better or Sinopharm.?

High5

1,269 posts

Posted by High5 > 2020-11-28 09:47 | Report Abuse

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING | https://www.klsescreener.com/v2/announcements/view/3268999
PRIVATE PLACEMENT AT 91CENTS

High5

1,269 posts

Posted by High5 > 2020-11-28 09:52 | Report Abuse

Friday closed 1.27
If Mon limit down 0.89
private placement 91cts
Attractive PP @ 91cts...?
How limit down?

Victorino

628 posts

Posted by Victorino > 2020-11-28 10:25 | Report Abuse

High 5, no need think so negatively, now everyone are switching from glove counter to vaccines counter, that's why you can see the big wave of more than 200mil turnover per day. You scare but to those who are big player had earned a lots from glove counter seeing this as kacang... When TG at RM4.. they say expensive, RM8 very high, RM16 roof top.. Eventually reach over RM27...
We don't expect this as TG, we can treat it as Supermax...
Keep for a while, unless you have no enough money and playing contra...
give it at least 2 weeks....for expert they look at the chart, actually the chart looking good with momentum... Actually the news from Muhiddin is positive to the market, some of them outside will move in to vaccine counter. Just only you have sit on 143th floor... me too.. Add more if you afford.

joyvest

10,575 posts

Posted by joyvest > 2020-11-28 10:34 | Report Abuse

@Hamster, dont bother them. Group of crooks down there.

@High, Yes PP is fixed at 91 cents.( after 10% discount of the average price of 1.00 ) . so it can not be down by 1.00 . it must be up high in order to attract PP investors to buy at 0.91.

another piece of good news, Solu has just been approved as SHARIAH-COMPLIANT SECURITY. it will attract more shariah funds into the pool.

The theme is Vaccine on the table now with solid hope and optimism.

with the above, i just cant see how the shares could be depressed

joyvest

10,575 posts

Posted by joyvest > 2020-11-28 10:44 | Report Abuse

imagine you are the pp investor and pay for RM 0.91 per share, what would be the expected return as required by you ? 50% or 100 % ? I leave it to you to decide.

With the current price of 1.27, the pp investor has the instant gain of 40 . do you think PP investor is satisfied with 40% ? Again, i leave to your wild imagination.

joyvest

10,575 posts

Posted by joyvest > 2020-11-28 10:45 | Report Abuse

if the share price is attractive, PP will be sought after like hot cakes . For this reason, it can only be up .......

joyvest

10,575 posts

Posted by joyvest > 2020-11-28 10:50 | Report Abuse

it doesnt matter if Pfizer has stolen the show of what, solu can still ride on it as a raider who can capitalize on the theme of vaccine...... no big deal... expected to limit up next week.......

joyvest

10,575 posts

Posted by joyvest > 2020-11-28 10:51 | Report Abuse

well, pang, i am still the shareholder of gloves....dont write them off yet.......esp the big 4......

joyvest

10,575 posts

Posted by joyvest > 2020-11-28 10:57 | Report Abuse

this forum has been very quiet... i guess all have been stuck with gloves esp AT ??

joyvest

10,575 posts

Posted by joyvest > 2020-11-28 10:59 | Report Abuse

yeap, i though of that also but i have fallen in love with glove madly , truly and deeply ...

joyvest

10,575 posts

Posted by joyvest > 2020-11-28 11:02 | Report Abuse

no matter what, my philosophy in investment is i never put all the eggs in one basket ............

Skng Keong

1,256 posts

Posted by Skng Keong > 2020-11-28 11:03 | Report Abuse

I had already sell my Solution yesterday change to EAH at 3cts.

Skng Keong

1,256 posts

Posted by Skng Keong > 2020-11-28 11:11 | Report Abuse

SOLUTION I still got some free SOLUTION, I heard EAH going to get vaccine also.

joyvest

10,575 posts

Posted by joyvest > 2020-11-28 11:25 | Report Abuse

hearsay only.... come back before it is too late...

Posted by Warren_Buffett88 > 2020-11-28 12:49 | Report Abuse

solution wil get at least 50 per cent of the Malaysian population deal soon.... monday limit up...

Jjkcl

883 posts

Posted by Jjkcl > 2020-11-28 13:13 | Report Abuse

Not everyone will get injected with whichever Covid vaccine, some don't want, the rest are babies, kid, sick people and old people. Malaysia have approximately 31 million people.

joyvest

10,575 posts

Posted by joyvest > 2020-11-28 14:12 | Report Abuse

if you dont get vaccinated , you will be backlisted by the Government ..

tien171

125 posts

Posted by tien171 > 2020-11-28 14:24 | Report Abuse

I am confident Solution have a verbal go ahead when the China minister was in Msia . That is why Solution is building a bottling plant in KL .

from google.
Nonetheless, Solution Group believes it is now the frontrunner in the vaccine race.

“We are the closest to the commercialisation of vaccines than anyone else,” says Solution Group managing director Barry Lim in an interview with The Edge.

The company is finalising a collaborative agreement with China’s vaccine specialist CanSino Biologics. The parties signed a memorandum of understanding (MoU) on Aug 3.

joyvest

10,575 posts

Posted by joyvest > 2020-11-28 14:45 | Report Abuse

Here we go....fast and furious ...

Posted by Soon5139 > 2020-11-28 14:57 | Report Abuse

Anyone can explain shariah compliant?

joyvest

10,575 posts

Posted by joyvest > 2020-11-28 15:13 | Report Abuse

Shariah-compliant funds are investment funds governed by the requirements of Shariah law and the principles of the Muslim religion. Shariah-compliant funds are considered to be a type of socially responsible investing.

If the stock is shariah compliant, then it can be invested by shariah compliant funds.hence ,the stock creates another source of funds and opens up to more investors clienteles or base.

In a nutshell,its good for the co which is shariah compliant...

Limit up next week.....

Posted by Soon5139 > 2020-11-28 15:15 | Report Abuse

Tq..joyvest

tien171

125 posts

Posted by tien171 > 2020-11-28 15:35 | Report Abuse

fake news !

lee9fold

4,730 posts

Posted by lee9fold > 2020-11-28 15:49 | Report Abuse

before that no 1 is here, when the price surge, suddenly everyone flock here

thomh4

336 posts

Posted by thomh4 > 2020-11-28 16:43 | Report Abuse

I was here long ago HEUHEUEUHEHEU

tien171

125 posts

Posted by tien171 > 2020-11-28 17:06 | Report Abuse

Solution spend much money to ready a facility to bottle the vaccine .
so I think they will supply be 1 of the suppliers .
There are already about 6 vaccine all ready to use , pending approval.
you think the GOV have not sign them up yet ?
if GOV not yet sign you think we can get the supply . many countries all wait and some have gone ahead sign supply contracts.
Think about this .

from Edge.
KUALA LUMPUR (Sept 23): Solution Group Bhd's subsidiary Solution Biologics Sdn Bhd and China-based CanSino Biologics Inc today signed a registration, manufacturing and commercialisation agreement, which will enable Solution Biologics to market and distribute in Malaysia the novel coronavirus vaccine developed by CanSino.

In a statement to Bursa Malaysia today, Solution Group said Solution Biologics will register with Malaysia's National Pharmaceutical Regulatory Agency to apply for the market authorisation certificate.

Solution Group said Solution Biologics "will establish a state-of-the-art fill and finish facility" to host a technology transfer for the filling, finishing and final quality control of CanSino's recombinant novel coronavirus vaccine.

The facility will be established at Solution Biologics' current premises at PT13796, Jalan Tekno Usahawan 2, Technology Park Malaysia in Bukit Jalil here.

Stockisnotfun

5,143 posts

Posted by Stockisnotfun > 2020-11-28 17:37 | Report Abuse

Can still goreng next Monday?

Yu_and_Mee

3,459 posts

Posted by Yu_and_Mee > 2020-11-28 17:41 | Report Abuse

no one knows how far it can goes but personally, this is really overvalued.
may be they will fry it up to 3.00 one day, or even higher than pharma. who knows.

joyvest

10,575 posts

Posted by joyvest > 2020-11-28 18:20 | Report Abuse

All the way up....no limlt....only sky is the limit....

Up_again

949 posts

Posted by Up_again > 2020-11-28 18:48 | Report Abuse

Malaysia’s agreement with Pfizer void if Covid-19 vaccine fails to be registered with FDA, NPRA — health DG

Is the Chinese vaccines going for FDA?

joyvest

10,575 posts

Posted by joyvest > 2020-11-28 19:25 | Report Abuse

FDA Approval is Required by Law
Federal law requires all new prescription drugs in the U.S. be shown to be safe and effective for their intended use prior to marketing. However, some drugs are available in the U.S. even though they have never received the required FDA approval.

Fc78020

753 posts

Posted by Fc78020 > 2020-11-28 20:07 | Report Abuse

Yu and Mee - Overvalued? At its current price, Solutn is valued even cheaper than Kanger with its sheer number of shares

Victorino

628 posts

Posted by Victorino > 2020-11-28 20:18 | Report Abuse

Cansino has collaboration with local authorities in order to get NPRA from our government 3rd phase will be 3000 candidates to be choose.

joyvest

10,575 posts

Posted by joyvest > 2020-11-28 21:02 | Report Abuse

As long as the china vaccine is registered by the National Pharmaceutical Regulatory Division (NPRA) ,then it can be marketed and used jn malaysia .

NPRAis an agency under the Ministry of Health Malaysia responsible for registering pharmaceutical products, traditional health supplements and notification of cosmetic products that are marketed in Malaysia.

Any vaccine to be marketed and used in USA must be registered and approved by FDA in USA.since pifzer is manufactured from USA,it must be registered and approved by FDA there.

joyvest

10,575 posts

Posted by joyvest > 2020-11-28 21:08 | Report Abuse

China vaccine must be registered and approved by China’s National Medical Products Administration (NMPA).

Victorino

628 posts

Posted by Victorino > 2020-11-28 21:12 | Report Abuse

I have smell a rat that coming few days, there will be an announcement on 3 phase in results, maybe not in Malaysia, because China has collaborated with few countries not only in Malaysia, China will not keep quiet and letting US to keep signing contract with other countries.

Jjkcl

883 posts

Posted by Jjkcl > 2020-11-28 21:40 | Report Abuse

Ministry of health holds the key, which vaccine connected counter up or down.

joyvest

10,575 posts

Posted by joyvest > 2020-11-28 21:51 | Report Abuse

Yeah. China is also in collaboration with Brazil ....very likely positive result will be announced there....

joyvest

10,575 posts

Posted by joyvest > 2020-11-28 22:00 | Report Abuse

Beijing-based Sinovac, which makes a COVID-19 vaccine from inactivated virus, has efficacy trials underway in Brazil, Turkey, and Indonesia—but not in China.

Scylla

676 posts

Posted by Scylla > 2020-11-28 23:25 | Report Abuse

not sure why it dropping. London bridge falling down

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