Usually companies issue bonus because their profits are good and they have to pay by reducing the retained earnings from balance sheet.I wonder why investors are scared. Tesla aand apple did a bonus issue because they realised alot of retail investors are in the markets today then previously. So did top glove, super and kossan.
Bonus issue is another type of dividend for investors and no tax.
Brokers discouraged me to buy Comfort when it was RM1+, friends always discouraged me to buy Supermax due to political issue when it was RM1.75... but look at their price even today's... I would say thanks God I didn't heed their words
PPE demand has gone up and will keep on increasing because countries have close to no inventory for PPE due to Pandemic ! May you refer to WHO about the daily infection case - no sign of reversal. TG as the largest gloves manufacturer produces 80 billions pcs of gloves annually. The backlog order for TG is 560 days. Which part of it you do not understand is over demand ? your brain got water ? Over demand will go on for 1-2 years even vaccine is created and can only be even out if manufacturer increase their former production lines and it takes time.
Thus, coming quarter result will only increase exponentially and for many quarters to come. Share price will follow suit fundamentally.
enghoo When price up, push for target price. When price down, price correction. Hahaha. Always a reason just like a scammer. The cases around globe is more controlled rather than spiking high and the PPE demand will be much higher? No way.
Asia Market mostly red. STI red, HK red, Beijing red, Shanghai red, Thai red etc. So bursa red abnormal? And bursa red only due to gloves counters? pls la most counters in bursa also red.......and do not associate DJ with Asia Market....nowadays DJ follow Asia market
PPE demand has gone up and will keep on increasing because countries have close to no inventory for PPE due to Pandemic ! May you refer to WHO about the daily infection case - no sign of reversal. TG as the largest gloves manufacturer produces 80 billions pcs of gloves annually. The backlog order for TG is 560 days. Which part of it you do not understand is over demand ? your brain got water ? Over demand will go on for 1-2 years even vaccine is created and can only be even out if manufacturer increase their former production lines and it takes time.
Thus, coming quarter result will only increase exponentially and for many quarters to come. Share price will follow suit fundamentally.
enghoo When price up, push for target price. When price down, price correction. Hahaha. Always a reason just like a scammer. The cases around globe is more controlled rather than spiking high and the PPE demand will be much higher? No way.
pls know why you are buying and selling. News, forums, news papers etc are merely for entertainment only. You cannot use such platforms to make your buy and sell call la. Aiyo....susah la. Believe in what you are investing. Its absolutely normal for market to go ups and downs.
so childish to just ask people to sell or telling people gloves is over when market is down for "right" reasons. This is especially so when most markets are down in the region and across sectors.
Cansino is the only viable vaccine available for msian with Solution as the distributor.
The rest will take too long bcos USA & west will sapu 1st loh..!
(Sept 3): The U.S. Centers for Disease Control and Prevention (CDC) has asked state public health officials to prepare to distribute a potential coronavirus vaccine to high-risk groups as soon as late October or early November, documents published by the agency showed on Wednesday.
The timing of release of any vaccine has taken on political importance as U.S. President Donald Trump seeks re-election in November, after putting substantial federal resources into vaccine development.
"For the purpose of initial planning, CDC provided states with certain planning assumptions as they work on state specific plans for vaccine distribution, including possibly having limited quantities of vaccines in October and November," a CDC spokeswoman told Reuters.
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READ MORE The New York Times had earlier reported that the CDC had contacted officials in all 50 states and five large cities with the documents.
The country's top infectious disease expert Anthony Fauci earlier on Wednesday said on MSNBC that based on the patient enrollment rate in COVID-19 vaccine trials underway, there could be enough clinical data to know by November or December that one of the vaccines is safe and effective.
The documents put online by the New York Times showed that the CDC is preparing for one or two vaccines for COVID -19 to be available in limited doses as soon as late October.
The vaccines may be available free of cost first to high-risk groups including health care works, national security personnel, residents and staff at COVID-19 long-term care facilities, the agency said in the documents.
Drug developers including Moderna Inc, AstraZeneca Plc and Pfizer Inc are leading the race to develop a safe and effective vaccine for the respiratory illness.
The documents describe two vaccine candidates that must be stored at temperatures of -70 and -20 degrees centigrade. Those storage requirements match profiles of candidates from Pfizer and Moderna.
What do media and analyst do? Just like 1:20 of this movie, they have to talk just anything for their works, creating stories when there is nothing happened And the moral of this part of movie, "if you don't move, probably no one can move you"
Small counters no fundamental no profit no management also can go up kaw2 what do you think glove counters that for sure will gain higher and higher profit in coming quarters can't go higher?
Today all glove stocks dropped in view of the availability of the vaccine. Moreover, a few investment banks have down graded glove stocks. Most investors are selling their glove stocks. I also sold all my Supermax, some Top Glove and some Comfort. I think all glove stocks will be depressed for some time. It is safer to sell. Koon
Taiwan News channel interview a Mainland Chinese female Dr. last week. She says there are volunteers who have been rushed to Beijing Hospital after being injected with the Cansino Vaccine. So, it is still a very long way to a successful vaccine.
@JohnnyBravo69, Johnny boy, oh johnny boy, i am here...sleeping on streets ? lol hahahahahahaha maybe you are not me ;) ...u know nothing about me la boy, i can donate you my supermax lot if you want la, its a pity that you assume a person is missing but who has meetings with corporate entities...you are nothing la boy..im a C level, how to entertain 24/7 cheap chaps like you ?
lol funny that you missing me, still lingering in this forum and shouting your lungs out ?
i'll see you once comfort touches and flies above RM 5..i'll come back and find you once tops over 5...see ya soon cheap chap.
-------------------------
JohnnyBravo69 Paging for @Roslan67, sleeping on the streets tonight? 03/09/2020 7:40 PM
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Posted by covid2019 > 2020-09-03 15:28 | Report Abuse
Usually companies issue bonus because their profits are good and they have to pay by reducing the retained earnings from balance sheet.I wonder why investors are scared. Tesla aand apple did a bonus issue because they realised alot of retail investors are in the markets today then previously. So did top glove, super and kossan.
Bonus issue is another type of dividend for investors and no tax.