Posted by EdwinYap86 > 2020-12-07 16:05 | Report Abuse

Last time RM3 i say will drop to RM2.5 everyone laugh

now who's laughng?

Posted by EdwinYap86 > 2020-12-07 16:05 | Report Abuse

see you bag holders in 5 years

bye

Posted by strattegist > 2020-12-07 16:26 | Report Abuse

red

Posted by newbie4444 > 2020-12-07 18:28 | Report Abuse

I3 13 sen true or not?

Posted by lalazai9 > 2020-12-07 19:03 | Report Abuse

Tradeview Commentaries 7th December 2020 - Risk On For Financial Markets?

Record high for Dow, SP500 and Nasdaq last Friday was a huge boost in confidence for participants of the financial markets. The global stock market participants are clearly risk on, with bullish mode and relying on a abundant of reasons to justify the rally.

1. Liquidity due monetary policies of central banks around the world
2. Vaccine optimism and potential economic reopening
2021
3. A hopeful new Biden era ushering multilateralism and ending of trade wars
4. Weakening USD and rebounding of commodities
market
5. Inflow of funds into emerging markets

Cumulatively, all these are strong reasons for a bull market. Locally, even KLCI Bursa closed at 1622 today with 16 billion in volume and 7.2 billion in value, erasing losses for the year to close above January 2020 levels. All naysayers which said if Trump is gone, stock market and economy will collapse are now proven wrong. The big question remains is whether the rally is sustainable? There ought to be some correction, no?

Whether I or you agree with the stock market rally or not, our view doesn’t really matter anymore. The stock market and the larger economy is clearly at a disconnect. This is the effect of releasing large amount of liquidity into the economy. Although our government coffers are limited, our country monetary policies consist of loan moratorium, SOCSO, and EPF 1 & 2 early withdrawal. This is akin to bringing forward future earnings / income to the present. Raising debt ceiling and borrowing more to spend now to spur the economy is what's being done by most governments. This has structurally change the stock market direction. It can be seen from the banning of short selling, extension, holding back on force selling, the stock market is being prop up by agencies.

The worst in terms of the stock market is definitely behind us. Nothing can be worst than "March Plunge 2020" when Covid-19, oil crash and government change happen all at once. The strategy forward, should simply be to have 30% of cash on hand at all times (in case of any untowards incidents like Election), buy into fundamentally sound stocks with minimal debts or net cash and not to get ahead of ourselves or too gung ho on recovery stocks especially loss making stocks. Sell into strength for stocks that hit TP or exceed Fair Value. I will maintain this strategy going into 2021. A gentle reminder to be careful of loss making companies especially penny stocks that are making announcements on deals / vaccine related plays etc without basis.

As for the Glove stocks, it will remain a solid feature in my portfolio. I believe unequivocally it will rebound and the current levels are close to the bottom. There are no better value stocks in the market currently in terms of earnings, yield, balance sheet and outlook. Those who thinks otherwise, is making a mistake ignoring fundamentals.

Source : www.tradeview.my

Posted by Newbie318 > 2020-12-07 20:33 | Report Abuse

https://codeblue.galencentre.org/2020/12/07/no-middlemen-in-governments-covid-19-vaccine-deals-khairy/

Posted by GengSaham > 2020-12-07 21:03 | Report Abuse

Still above support 2.02......just wait another 1 week

Posted by SA2023 > 2020-12-07 22:04 | Report Abuse

https://www.cbsnews.com/news/nitrile-glove-shortage-covid-19-vaccine-60-minutes-2020-12-06/

Posted by SA2023 > 2020-12-07 22:05 | Report Abuse

U.S. faces nitrile glove shortage ahead of national COVID-19 vaccination effort

Posted by Noobee88 > 2020-12-07 22:34 | Report Abuse

Yup!

Posted by CUTLOST > 2020-12-07 22:42 | Report Abuse

Just Q sell tmr Rm3

Posted by rocky_88 > 2020-12-07 23:23 | Report Abuse

no hope.. better CL.. dont play2 with volatile company

Posted by bisonbull > 2020-12-07 23:29 | Report Abuse

https://www.cbsnews.com/news/nitrile-glove-shortage-covid-19-vaccine-60-minutes-2020-12-06/

Posted by gemfinder > 2020-12-07 23:56 | Report Abuse

Many waterfish stucked st high px. Worse, keep adding. Kikili

Posted by LiimInvest > 2020-12-08 08:43 | Report Abuse

MyEG will be the sole distributor of the vaccine in Malaysia upon successful completion of the phase three trials, it said in a statement.

PETALING JAYA: My E.G. Services Bhd has entered into a memorandum of understanding (MoU) with Anhui Zhifei Longcom Biopharmaceutical Co Ltd to conduct phase three clinical trials and subsequent commercialisation of its Covid-19 vaccine in Malaysia.

MyEG will be the sole distributor of the vaccine in Malaysia upon successful completion of the phase three trials, it said in a statement.

Under the terms of the contract, the companies will strive to achieve compliance to halal status requirements to secure halal certification from the Department of Islamic Development Malaysia and ensure increased acceptance from the global Muslim population.

Zhifei is a subsidiary of Chongqing Zhifei Biological Products Co Ltd which is listed on the Shenzhen Stock Exchange and has been engaged in the biological products industry since 2002, particularly the production of vaccines for human use.

It is presently one of five Chinese companies conducting phase three clinical trials of the Covid-19 vaccine in various parts of the world.

The MoU is valid for three years from the date of signing and may be further extended upon mutual agreement.

The contract is not expected to have any material effect on the net asset per share and gearing of the company for financial year 2020 (FY20) but is expected to contribute positively in FY21 upon successful completion of the phase three trials and commercialisation of the vaccine.

Posted by LiimInvest > 2020-12-08 08:47 | Report Abuse

“The government’s deal is only with Pfizer and Covax, and does not go through any third party or middleman,” he added.

https://www.malaymail.com/news/malaysia/2020/12/07/allocation-for-mosti-approved-minister-says-govts-covid-19-vaccine-deal-onl/1929671

Posted by keown83 > 2020-12-08 09:02 | Report Abuse

for good growth company, every downtrend will have a reversal..all glove counters right now are facing forced downtrend due to strong vaccine & market opening sentiment..& the sentiment is still there..more vaccine news to come..i think glove counters will being keep pressing down until end of this year

once all the vaccine news hype is over, once we have a confirmed vaccination in process, i anticipate glove counters will make a comeback..

why? because good growth stock never stay low for a long time

our strategy right now? stop the thematic trading mindset for glove counters..the super bull has long gone way behind us, just accept it with open heart & move on..start the growth investing strategy..choose good fundamental glove stocks with high output with a confirmed production expansion..the big 4s, careplus, comfort & rubberex; for me, this is the only growth glove stocks worth to invest..can start discard other small micro-players let alone overhyped-soon-to-be-producing-glove stocks

due to vaccine sentiment, all good fundamental glove stocks right now is grossly undervalued, that's all i can say

happy investing guys

Posted by BearishTrend > 2020-12-08 11:30 | Report Abuse

already sold 2.65 this morning..bought yesterday 2.45

Posted by TonalDrump > 2020-12-08 12:00 | Report Abuse

Tomorrow Top Glove expected QR. Expected to post record breaking profits of at least RM2 Bililion. Hopefully this will improve the sentiments that regardless of vaccine news, gloves are still the biggest money makers

https://www.theedgemarkets.com/article/top-gloves-next-recordbreaking-quarterly-profit-expected-surge-past-rm2b

Posted by bigby7 > 2020-12-08 12:46 | Report Abuse

@Abba84. Hopeless then sell.
we all collect

Posted by strattegist > 2020-12-08 13:34 | Report Abuse

green

Posted by bigby7 > 2020-12-08 14:45 | Report Abuse

Let's help push to 2.80 by 430pm

Hohoho

Posted by GengSaham > 2020-12-08 15:32 | Report Abuse

2.8 done

Posted by staedy > 2020-12-08 15:39 | Report Abuse

let's help push to 3.50 by tomorrow?

Posted by ImmortalSoul87 > 2020-12-08 15:40 | Report Abuse

Pos malaysia has shown a bullish reversal this week. price target 1.17
good reccomendation

Posted by Primeinvestor > 2020-12-08 15:41 | Report Abuse

eh i tot edwin yap came here to shout like a dog yesterday, where was him? hiding in kennel?

Posted by keown83 > 2020-12-08 15:43 | Report Abuse

volume small..all glove counters also like that..might be just a technical rebound..i might be wrong but let see about it tomorrow

Posted by Sunshine123 > 2020-12-08 15:46 | Report Abuse

Pos Malaysia .... the other day I bought stamps to post an ordinary letter. Guess how much the stamps cost now? RM1.30 now. Their revenue will only increase because of the unbelievably high increase in the rates charged.

Posted by Equilibrium > 2020-12-08 15:47 | Report Abuse

https://aleteia.org/2020/12/01/priest-who-volunteered-for-covid-19-vaccine-trial-passes-away/

Posted by charchar > 2020-12-08 15:55 | Report Abuse

show after 4pm?

Posted by strattegist > 2020-12-08 16:12 | Report Abuse

green

Posted by CCbb > 2020-12-08 16:47 | Report Abuse

Gud close

Posted by DonWorryBeHappy > 2020-12-08 16:48 | Report Abuse

Greennn. My price 2.88

Posted by smartmove100 > 2020-12-08 16:52 | Report Abuse

fundamentally sound, technically positive, will swing above rm 3.10 abov tomorrow..

Posted by MatKoh > 2020-12-08 16:55 | Report Abuse

well done comrades. Finally seeing it move in a big way today!

Posted by lalazai9 > 2020-12-08 17:22 | Report Abuse

Sharks come in goreng, sure will goreng until 4.0, history repeat same as July and September

Posted by strattegist > 2020-12-08 17:36 | Report Abuse

closed green

Posted by Noobee88 > 2020-12-08 17:37 | Report Abuse

Hurry up to 4th floor!!!!

Posted by Noobee88 > 2020-12-08 17:38 | Report Abuse

Any old rebound is good!!!! But must TP our ourselves ...happy day all! Hope this trend continues!

Posted by ivanlau > 2020-12-08 17:45 | Report Abuse

careplus till end March 2021 fair value as following :

conservative calculation : forward eps 28x15 pe = rm 4.20
moderate calculation : forward eps 28x18 pe = rm 5.04
optimistic calculation : forward eps 28 x 20 pe = rm 5.60

now price at 2.89, think about that........

Posted by keown83 > 2020-12-08 18:08 | Report Abuse

this counter is super undervalued..but please don't ever think the uptrend will be like before..imo, this counter is a very good investment counter, not a goreng counter anymore

Posted by petervi1988 > 2020-12-08 19:04 | Report Abuse

https://www.thestar.com.my/news/world/2020/12/08/who-says-immune-barrier-from-vaccines-quotstill-far-offquot

Posted by petervi1988 > 2020-12-08 19:04 | Report Abuse

GENEVA (Reuters) - A World Health Organization official said on Monday that only public health measures, not vaccines, can prevent a new surge of COVID-19 cases as the first vaccines are administered in Britain.

"Vaccines are a great tool, they will be very helpful, but the effect of the vaccine in providing some kind of immune barrier is still far off," said Dr. Margaret Harris in response to a question at a Geneva briefing about whether the vaccines would come in time to prevent a third wave of cases in Europe.

"The things that must be done to prevent an increase, an uptick, a surge or whatever you want to call it are the public health measures," she added.

(Reporting by Emma Farge; Editing by Catherine Evans)

Posted by mamatede > 2020-12-08 19:40 | Report Abuse

https://www.youtube.com/watch?v=ZXvtzer4hB4&ab_channel=CGTN

If you watch this video on coverage for the vaccine given in UK to the first patient. The nurse not even use any gloves but bare hands. Guess we dont need any gloves in giving vaccine ... this misconception need to be address.

Lai lai share this facts.

Posted by Invicibletrader > 2020-12-08 21:14 | Report Abuse

Bought some at RM2.6, TP tomorrow RM 3.05-RM3.10.

Posted by jeremylin > 2020-12-08 21:24 | Report Abuse

https://www.bbc.co.uk/news/uk-northern-ireland-55216347

Posted by jeremylin > 2020-12-08 21:24 | Report Abuse

The nurse that received vaccine injection got use glove

Posted by lalazai9 > 2020-12-08 21:34 | Report Abuse

Careplus always fly over 4.0 once rebound, this big player style, after over 4.0 then throw same like July and September

Posted by Seeyounoup > 2020-12-08 22:11 | Report Abuse

buy buy buy

Posted by keown83 > 2020-12-08 22:19 | Report Abuse

most countries in the world practicing using glove all the time during vaccine jab regardless any kind of vaccine jab