Looking at industry average for glove players INIX fairvalue should be around RM0.7++. PS, my comments here not a call for buy/sell trade at your own risk.
To recap...success stories of inix latest acquisition initiatives .
Inix Technologies Holdings Berhad (0094) Signs Memorandum of Agreement with World Gloves International Group Sdn Bhd (WGI) 8 December 2020
At a press conference held at World Gloves International Group Sdn Bhd (WGI) headquarters today, Inix Technologies Holdings Berhad (INIX) signed a memorandum of agreement (MOA) to acquire a 51% stake of WGI.
WGI is a supplier of nitrile and rubber latex gloves and has been selling its products to the United States, Europe, the Middle East, Japan and South Korea. It’s products all carry FDA, EN455 and CE certification.
This acquisition, together with INIX’s recent purchase of a 51 l% stake into L&S gloves Sdn Bhd has positioned INIX as a serious player moving into the lucrative glove industry.
INIX is expecting a revenue of RM10 million per month from gloves, assuming in a year they made RM120 million thats like almost half of Rubberex revenue or 1/3 of Carepls revenue.. Which means the fairest share price should be around 0.7-0.9. BUT, that only applies if market didnt messed up inix later since idk myself but market seems to be messed up quite a lot recently.Thoughts anyone?? Seems like a hope analysis for me lol. #Not a call to buy/sell, trade your own risk#
Assell, first batch should be sinovac. Not sure why they did not announce during November when they get the letter... I believe they have their own planning regarding the announcement
Yesterday's pullback was healthy for INIX as it was just a normal profit taking day and not a total sell-out after going up for a few days. INIX opened gap-up at 51c but eventually succumbed to selling pressure and ended up closing at 44c. Volume was also very significant. Based on candlesticks....it has developed into the upside Tasuki Gap formation. This is a bullish sign indicating that today it will resume its uptrend movement with a gap-up opening and will once again test and break the 50c level. The TA looks positive as well with the closing price still above all the MAs. Momentum and MACD look good. Stochastic is still not in the overbought territory although RSI is beginning to enter the 70% zone. In general...everything looks positive and we can look forward to a very promising day today. Good luck guys.
Agreed with Yuhain.... External and internal indicators are very strong will be translated and reflected in the open market. May God guide us all to a very very fruitful journey .... .. Vacc theme and glov could never be separated.. they complement each other... No use if u re male(vaccine) but no female ( glove)
2 make things happen.... Trade on own risk decisions are yours
Tq all traders sharing info.... Views... To naysayers pls less bad mouth.. stock is nothing wrong, shark ..bilis is part of the game. Be pro.... Trade on own risk.... Decision is ownself. Your trading style may differ from your peers but not necessarily yours are righteous. No right or wrong... And do not mislead ppl. .. The only result we sought is the best ROI.....achieving this then your decisions is correct.. other wise we keep on strategise on our approach .... No one solution fits all approaches....
Trade wisely... Inix fly
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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....
Jason5889
11 posts
Posted by Jason5889 > 2020-12-08 20:38 | Report Abuse
yeah, they replaced the previous chairman with someone with more connections, means more money for the company also