Fm reliable sources.. extract part of it regards to glove industry.... Forecasted
1.Higher ASP which is in line with market prevailing price. ASP for is expected to be 30% higher from 1QFY21.. 4. Demand continue to increase, underpinned by in both healthcare and hygiene awareness ...
Fm here can deduce that INIX has moved in the correct direction and aggresively into glove at global level.
yesterday Friday shooting Star represent there is Force start buying ya.. Confront bearish.. However, Monday may close maybe less 0.01 but create "Doji" sign like this + It means , Buying force start stronger and breakeven with Selling Force.. I here, Foresee, Wednesday will sure Green up .. Sure !
Yuhainteck is TA specialist..i reckoned.... .but again thats based on TA..not necessarily 100% on the dot...but along that line as guidance beside FA..... At times uncontrolled, inexpected imperatives pop up....
Some ppl when things not happen as per TA..start berserk.... Wrong..no point..... Trading on own risk ..decision is ours... Avoid herd mentality
TP diberi dari berita atas FUTURE VALUE, semua ngam2 itulah FV kaunter ini, dari apa ku bacala, ini cma gloves sahaja, jika ada vaccine mungkin tinggi sikit, but stocks susah nak cakap sebab ada up and down, finger crossed ya
Pfizer Vaccine Cleared in U.S., a Landmark in Covid-19 Fight
Pfizer Inc. gained emergency U.S. authorization for its Covid-19 vaccine on Friday, completing an unprecedented scientific sprint that could eventually help bring an end to a pandemic that has killed nearly 300,000 Americans
Bursa Malaysia expected to break 1,700 psychological level
Bursa Malaysia is expected to trend higher next week, with the key FTSE Bursa Malaysia KLCI (FBM KLCI) breaking the psychological level of 1,700, and poised to march into the new year with a big bang.
INIX has gone up from lowest of 18.5c to highest of 53c ie 186% gain. Since then...It has gone down to close at 42.5c yesterday....ie a retracement of only 19%. So...I really don't understand and it puzzles me if anybody says that INIX's share price is crashing down and going back to 20c level. To me...this is nothing more than just a normal profit taking activity. They should go back to basics and learn how the stock market works. Most of them fail to realise that INIX now is not like the INIX before. INIX now has a reliable glove business and also one of the potential appointed vaccine distributors. Its business direction is now more focused. Obviously there is light at the end of the tunnel and a bright future ahead for INIX. Hence....thats how the TP of RM1.80 was derived.
Outlook for nx week..... Based on friday's closing.....from candlesticks...an inverted hammer has been formed. This is a Bullish reversal pattern indicating that on monday INIX will open higher and will rally past the 45c initial level. Nx week INIX will once again test the recent high of 53c and will possibly challenge and break the 60c barrier. Good Luck everyone.....and have a pleasant weekend!
old margin player already gone... on monday when the candle turn to green, new margin player will login to this group.. we the senior must make this group look nice to them... show them how the senior play on this stock.. ;p
No problem guys.....I'll try to assist and continue to share whatever info I have about INIX here.....and you can decide and make yr own decision whether to buy....sell....or hold.
@char1234.......Yes bro Inverted Hammer is a major bullish reversal signal in candlestick charting. It marks an end to a few days of selling pressure and a dawn of a new bullish trend. Tomorrow it will open gap-up and the share price will move higher with a significant increase in volume. It will initially break the 45c level and then proceed to rechallenge and test the recent high of 53c. Next week we can expect INIX to convincingly break the 60c level and form a new high. I'd like to wish everyone the best of luck.....and let us all make a fortune together.
.....Unlike certain new ventures which requires a long unproductive wait time before commencement of production, Inix's venture provides access to active production with existing certification and licensing, coupled with ready global distribution channel.
"Combine that with the ambitious expansion plans aimed to service the global supply shortage of rubber gloves, we opine that the investment is timely and will be mature to begin generating returns once finalised. As such, we are positive on the outlook of Inix," it said.
However, SJ Securities said since there were still many blank spaces that was open for assumptions, it based its forecast on the industry average of the rubber glove manufacturing industry, as well as the production capacity changes estimated based on media release.
Without taking into consideration future dilution, SJ Securities has set a *target price of RM1.80 for Inix on a projected basic earnings per share of 10.6 sen and forward price earnings ratio of 17 times*
Acquisition of L&SGlove and WGI Glove / Distributor is really leap frogging initiatives by BOD Inix...
No body con anybody..its just bad mouth..... If u happy to trade buy sell inix then its your choice. If you feel decide not to..it is again your choices.
Issues are why some ppl tends to incite something hate and provocative other gp member. You can just walk away.... No need to be stubborn or arrogant ... Emmm at times its disgusting attitude ..then why the bad mouth keep on barking. . We share info..trading decisions are solely oneself... Own decisions ..
Accusing others gp member of con, lying etc. is itself of no integrity.
Thats what one preceived.. if you look at it differently..its ok but avoid inciting haters and personl attacking personl ... Its display immaturity and childish ..emmmm
Bahrain approved the registration of the Sinopharm Group Co Ltd. vaccine against the coronavirus, about a week after the United Arab Emirates registered the Chinese-made vaccine.
“Results from Phase III clinical trials showed an 86% efficacy rate, a 99% seroconversion rate of neutralizing antibody and 100% effectiveness in preventing moderate and severe cases of Covid-19,” the National Health Regulatory Authority said in a statement Sunday.
Bahrain has participated in phase III clinical trials, in which more than 7,700 volunteers signed up. Bahrain had previously authorized the emergency use of the vaccine, which was provided to frontline workers in contact with coronavirus patients.
The UAE registered the Sinopharm vaccine after finding it had a 86% efficacy rate, paving the way for a full public use and allowing for a re-opening of the Gulf nation’s economy.
Egypt plans to start the process of inoculation against the coronavirus after receiving the first shipments of Sinopharm vaccine.
Glove and vacc complement and supplement each other... For the next 2-3 years demand for glove exceeded production... This is data analysis fm glove players and not fm own mindset..Dont mislead..read more..rather than spread the wrong info....
Commented by ceo of one glove player.. an extraction.
..According to the Malaysian Rubber Glove Manufacturers Association, the world demand for gloves is estimated to be 330 billion pieces a year and after the completion of our new manufacturing facility, we are capable of producing 3.3 billion pieces of gloves, which is equivalent to 1% of the global demand.
"The demand for gloves has been on the rise of 10% per annum pre-Covid, but it is expected to rise over 30% per annum due to the pandemic. We have set our sights on producing 17 billion pieces of gloves, which commands a global share of approximately 5%," he said.
So where is the fact that support your statement saying glove demane decline.... Thats just mislead and ill intention .
Govt to increase Covid-19 vaccine purchase to cover 60%-70% of M'sians — PM
The government has plans to increase its purchase of the Covid-19 vaccine to cover the immunisation needs of about 60%-70% of Malaysians compared with 30% currently.
Prime Minister Tan Sri Muhyiddin Yassin said this was because some nations had purchased doses exceeding their population.
“As for Malaysia, we have already got 30%. I have instructed Health Minister Datuk Seri Dr Adham Baba along with [Science, Technology and Innovation Minister] Khairy Jamaluddin Abu Bakar to negotiate and increase it from 30% to 60% or 70%.
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....
char1234
5,299 posts
Posted by char1234 > 2020-12-12 14:47 | Report Abuse
Abv 50 !! let's go !?