let's get rid of PH and bring back Najib.. at least if he took the money he gave it back to people.. this old man took all the money and gave it to his sons!
this counter is in production of comfortable glove but whether at comfortable pricing or not - that i am not so sure ............. all i know is demand is more than supply..................
Over there, Ansell buys 50% of Careplus, will it trigger limit up tomorrow? today Ansell share price AUS$32.45; market cap AUS$ 4.2billion Ansell 10 times bigger than Topglove?
"Our last assigned target price was RM1.10, by ascribing to a higher target PER of 20.0x (from 17.0x) to CGB’s unchanged FY20 EPS of 5.6 sen. The increased target PER is in-line with the recent increase in peers’ valuation following expectations of increased demand for gloves worldwide. Source: Mplus Research - 6 Feb 2020"
Comfort is currently traded at PER 15x, the lowest among glove counters. The additional machinery increasing capacity by 20% will be put into operations in this quarter It’s just in time to cater the surging demand.
Vietnam succeeds in isolating coronavirus, faster detection kits and treatment expected Author: Tan KW | Publish date: Fri, 7 Feb 2020, 9:33 PM
HANOI : The National Institute of Hygiene and Epidemiology (NIHE) has successfully cultivated and isolated the new coronavirus, first reported in Wuhan City in China.
The information was revealed on Friday (Feb 7) by Deputy Minister of Health Nguyễn Thanh Long on the sidelines of the National Steering Committee meeting on coronavirus prevention and control.
With the isolated virus, the NIHE will start work to develop test kits capable for quick diagnosis.
More than 1,000 people returning from China, and nearly 500 with close contacts to people infected with coronavirus are being quarantined and put under close observation in Vietnam.
With the cultivation and isolation of the acute respiratory virus, Vietnam is capable of conducting tests on thousands of samples per day if necessary, said Long.
It would also offer further research for vaccines against the virus in the future, he said.
Long added that so far Vietnam ensured provision of enough biological products for testing.
A week ago, Japan’s National Institute of Infectious Diseases announced that it has succeeded in cultivating and isolating the virus.
Using the isolated virus, the institute will also develop vaccines, and discover the infection mechanism and promote research on the toxicity of the virus
We can expect higher demand of gloves to tackle the current Wuhan virus outbreak. The share price has corrected some 15% from its recent high. Time to accumulate this on weakness for short-term play.
While Yoong sees buy opportunities in the market, he does opine that the rubber glove sector is overvalued, as it is now trading at an average sector price earnings ratio of 32 time
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
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....
zhm540
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Posted by zhm540 > 2020-02-04 16:24 | Report Abuse
let's get rid of PH and bring back Najib.. at least if he took the money he gave it back to people.. this old man took all the money and gave it to his sons!