People dont care results now. Look at Kossan. Bad timing to release results. People throw glove you buy glove; ppl throw pharma you buy pharma; there will be alternate time for you to earn money.
Jhnwck.. yes, the thing about this news as with all American companies... talk louder than actual... to boost their stocks. It is too early to call and the uptick on most covid affected stocks will eventually back to normal after investors realized it is going to take a year to recover. Good play though. Missed the pump and dump play on AA.
Dannyfyl88 Jhnwck.. yes, the thing about this news as with all American companies... talk louder than actual... to boost their stocks. It is too early to call and the uptick on most covid affected stocks will eventually back to normal after investors realized it is going to take a year to recover. Good play though. Missed the pump and dump play on AA. 10/11/2020 9:44 AM
please trust the data.... right now, pfizer has no data to back up their research... market react to it on the basis of a news release by a CEO and not a medical research report which must be peer reviewed...
One patient needs at least 2 jabs mean 2 pairs of glove require. Just say 70% of whole world population vaccinated,so the amount of gloves utilize will be enormous. Hence the gloves company " Fei Sui" lol!
malaysia gloves sell to europe 15% ,US 50%,japan 4%,brazil 6% ,turkey 3%,china 4%=82% Caucasian country have vaccine.. glove demand and price will big drop ...
Tahong, because Comfort Market Cap is bigger. Also, why would comfort sell when it is making Good money? Mahsing is not like what it is. Heard from IB that it is in Huge Financial Troubles.
Biden correct also need to wear glove ..no season covid you buy gloves only pay below 1.00 ... covid season you rushing buy bubble gloves 4.17 the price same kah ?
covid pandemic come uncle KYY scare die quickly buy gloves to wear their heart comfort wor...now uncle KYY know wear glove infection covid also can died wor...uncle kyy scare died quickly inject vaccine wor....
no covid biden wear mask kah ? wear gloves kah ? use sanitiser kah ? look like everyday want mask gloves sanitise damn leceh lah.... injected one vaccine easy easy no need everyday wear this wear that lah...
walao eh...biden one month use one box gloves use one box mask use bottle sanitizer look like need pay 100 one year waste biden 1200 also infection covid can died wor...better biden pay 100 inject vaccines
Later tonite pzifer will share update that their vaccine will only be out end 2021 and before that their directors take profit from today’s gain. Just like what happended 3-4 months ago
Glove stocks down, not part of Pfizer vaccine party KUALA LUMPUR (Nov 10): While the world is celebrating Pfizer’s overnight announcement of a viable Covid-19 vaccine candidate, rubber glove stocks may not be part of the party.
Glove counters top the loser list after the morning bell today. As at 10.20am, shares in rubber glove counters were among the top losers on Bursa Malaysia. Hartalega Holdings Bhd slid by 8.54% or RM1.54 to RM16.60, making it the top value loser on Bursa, followed by Supermax Corp Bhd, down 75 sen or 7.79% to RM8.88. In the third place was Kossan Rubber Industries Bhd, which released a strong set of quarterly earnings yesterday, dropping 63 sen or 8.27% to RM6.88, valuing it at RM17.59 billion. Top Glove Corp Bhd took the fifth place, falling 54 sen or 6.37% to RM7.94.
The smaller players were not spared from the selling pressure. Comfort Gloves Bhd fell 31 sen or 6.97% to RM4.14, Careplus Group Bhd shed 27 sen or 7.8% to RM3.19, and Rubberex Corp (M) Bhd lost 16 sen or 6.45% to RM2.32.
The Healthcare Index was dragged down by the glove stocks, declining by 1.78% or 73.47 points to 4,048.89. Still, while there was a selldown across the rubber glove stocks, shares in companies tapped by the government to bottle and distribute a potential Covid-19 vaccine were rising.
In a note this morning, AmInvestment Bank Research reiterated its view that the market will continue to shift to predominantly pandemic-themed plays to a recovery-focused theme in December.
“We have been advocating for investors to lighten their positions in the 'pandemic play', i.e. glove stocks, and replace them with the 'recovery play'.
“With the latest positive news coming in a rather abrupt manner, we expect volatility as investors of glove stocks rush to the exit at the same time. The two FBM KLCI-weighted glove stocks, i.e. Top Glove and Hartalega, command a combined weighting of 13% to 14%,” AmInvestment Bank wrote in the strategy note.
Having downgraded the glove sector to "neutral" on Aug 25, 2020 from "overweight" on positive news of a vaccine, AmInvestment Bank was putting fair values (FVs) for glove stocks under its coverage under review with negative bias. Still, it expects gains linked to recovery plays to be significantly offset by losses seen in pandemic plays, resulting in it maintaining its end-2020 KLCI target of 1,530 points despite the overwhelming good news. To recap, Pfizer and its German partner BioNTech announced last night that their experimental Covid-19 vaccine was more than 90% effective with no serious safety concerns based on initial trial results, estimating that they can roll out up to 50 million doses this year for 25 million people and produce 1.3 billion doses in 2021.
Panic selling is over... Glove manufacturers are cash rich & making huge sum of money ... if we r not invest in Glove what counters we should buy ? High gearing Airasia ? Casino Genting ? or Banking CIMB ? Don't try to be sifu here. RM1.00 for Comfort ? Lols sound like a helpless kid shouting for ice cream
The market reacts when they see Admiral Pfizer fleets on horizon. They do not wait for it to land . Banks are already set up to allow them to bank and cold stores and filling stations are ready for their wares. Viagra.... now Covidae Vaccines for the World. Be ready for the Play.
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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....
Dannyfyl88
1,215 posts
Posted by Dannyfyl88 > 2020-11-10 09:18 | Report Abuse
Picked up some more... this is emotional play... Will make money eventually.