Stuck... the whole market is STUCK. Banks are too expensive now. Recovery already too high also. Gloves are not in favor now with all the shit on TG. Stuck for a week or so... But it will recover as the price now seems like strong support with ALL the BAD news being said and done. Add for further growth. Already down 40%
Malaysia today logged 1,141 new Covid-19 cases, raising the country's cumulative confirmed infections above the 70,000 mark to 70,236.Dr Noor Hisham said, the Klang Valley — comprising Selangor, Kuala Lumpur and Putrajaya — recorded the bulk of cases with 578 cases or 50.7% of the total new cases.Both Selangor and Sabah recorded the highest number of Covid-19 infections, with 320 cases respectively. This was followed by Kuala Lumpur, which registered 256 cases
5 HOURS AGO WHO warns reinfections may occur as data suggests antibodies wane Recent data suggests people who were once infected with the coronavirus could be infected again as their antibody response wanes, Dr. Mike Ryan, executive director of the World Health Organization’s health emergencies program, said during a press briefing.
According to the U.S. Centers for Disease Control and Prevention, some Covid-19 reinfections are expected based on the agency’s prior experience with similar viruses. In late August, researchers in Hong Kong reported what appeared to be the first confirmed case of Covid reinfection. While rare, the WHO said at the time that reinfection could be possible.
Maria Van Kerkhove, head of the WHO’s emerging diseases and zoonosis unit, said that researchers are still trying to determine how long an antibody response lasts after someone is naturally infected with the virus.
“In some people, it may wane after a few months but we do get a good indication that natural infection immune response is lasting for some months,” Van Kerkhove said.
Dr Fauci said Pfizer n Moderna vaccine can only last for a couple of weeks. First dose can last for 28 days and then the 2nd jab can last for 7-10 days only . So how leh? Every 2 months have to jab the vaccine, like that die lah....
IF after glove counter added into index.. glove still falling. that means bursa has make big mistake. Any up of other industry will eventually drag down by glove counter. So I personally think Bursa is not stupid. Either glove will sustain at current level or easily having some growth over the next 2-3 years..otherwise I don't think Bursa will add them in.
Vaccines or no vaccines and whether effective or not effective, the bottom line is the demand for gloves will continue to grow. So for the next 1-2 years the increase in demand gor gloves shld be quite significant.
The problem is whether you still need gloves in the case of vaccine doesn't matter. People who abuse typical retailer thinking have already sold and will continue to sell. It's all about sentiment. Bursa is all sentiment, FA or no FA dgaf. When it goes low enough, collect again.
Gloves are no longer the greatest thing since slice bread. It's all spekulasi
CNBC - WHO warns reinfections may occur as data suggests antibodies wane Recent data suggests people who were once infected with the coronavirus could be infected again as their antibody response wanes, Dr. Mike Ryan, executive director of the World Health Organization’s health emergencies program, said during a press briefing. According to the U.S. Centers for Disease Control and Prevention, some Covid-19 reinfections are expected based on the agency’s prior experience with similar viruses. In late August, researchers in Hong Kong reported what appeared to be the first confirmed case of Covid reinfection. While rare, the WHO said at the time that reinfection could be possible. Maria Van Kerkhove, head of the WHO’s emerging diseases and zoonosis unit, said that researchers are still trying to determine how long an antibody response lasts after someone is naturally infected with the virus. “In some people, it may wane after a few months but we do get a good indication that natural infection immune response is lasting for some months,” Van Kerkhove said.
Energy sector will be takng a breather next week. All eyes on the direction of Brent crude prices. In the mean time, funds need to go somewhere else. Hope some will end up in Comfort.
The country has recorded an additional 61,140 cases since the start of the third wave of Covid-19 infections on Sept 20, when there were 10,219 cases.This afternoon, Senior Minister (Security Cluster) Datuk Seri Ismail Sabri Yaakob announced the Conditional Movement Control Order (CMCO) for Selangor, Kuala Lumpur and Sabah will be extended for another 14 days from Dec 7 until Dec 20.In Selangor, three districts, namely Sabak Bernam, Hulu Selangor and Kuala Selangor, will not be under the CMCO.Meanwhile, the CMCO in Perak, Kelantan, Penang, Negeri Sembilan, Labuan and Putrajaya will be lifted from midnight tomorrow.
Sounds good on paper. Currently, Gloves counters are taking a Back Seat... Sentiment for these counters are just BAD for the next week or so. I hope this will reverse by this year. However, I will add more with my last remaining bullets. I still believe there's NO better businesses in Malaysia for 2021 to early 2022 than Gloves business. Cash cow for the next year.
KUALA LUMPUR (Dec 7): MY E.G. Services Bhd (MYEG) announced today that it has entered into a cooperation with Anhui Zhifei Longcom Biopharmaceutical Co., Ltd. (Zhifei) to obtain Malaysian Halal certification for the Chinese biopharma company’s COVID-19 vaccine and to exclusively distribute the vaccine in Malaysia for a 3-year period.
In a statement today, MYEG said the two companies have signed a Memorandum of Understanding, agreeing to cooperate in conducting Phase 3 clinical trials of Zhifei’s vaccine in Malaysia and in achieving compliance to Halal status requirements to secure Halal certification from the Department of Islamic Development Malaysia (JAKIM).
MYEG said the commencement of Phase 3 trial will make Zhifei’s vaccine one of the first to undergo this final stage trial in Malaysia under the purview of the Ministry of Health.
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, mainly the production of vaccines for human use. Zhifei is presently one of five Chinese companies conducting Phase 3 clinical trials of their COVID-19 vaccines in various parts of the world.
Upon successful completion of the Phase 3 trials, MYEG will be the sole distributor of the vaccine in Malaysia.
Since Nov 1, 2020, MYEG has been appointed by the Malaysian Ministry of Health to develop and operate the MySafeTravel digital health pass system to facilitate inbound travellers’ compliance to mandatory COVID-19 testing and quarantine requirements.
In addition, MYEG also operates a one-stop portal for the COVID-19 screening of workers in the country, which includes a data sharing collaboration with the Department of Labour of Peninsular Malaysia.
MYEG was last traded at RM1.81, valuing it at RM6.61 billion.
Lau Sai again. The Bad Sentiment continues... Gloves will probably see recover only after December. Bankers chips are now in Banks, transport, Oil, properties and will not come back till later...
Yes rocker.. average down again. This will go back to 5 once TG gets it's shit straight and banker money rotate back to the sector. This will take at least 2 weeks with the Bad Sentiment. Still got time to add.
<Beginner_Newbie> Defintely Glove will shoot up because it is undervalue. Glove are still in great demand despite Vaccine. MIDF expect the world would be still short of 30 billion gloves into 2022 (not even 2021). A value investor like Warren Buffet will buy good fundamental stock which is greatly undervalue due to temporary weak sentiment or insensible sell-down.
This would be a brutal winter and after all the euphoria associated with Biden victory, vaccine "perceived" success, Thankgiving holiday, Christmas holiday started to subside, people will come back to reality.
Probably even we Malaysians just have to live with this persisting 1,000 Covid cases on daily basis and observe the SOP. At the end of the day, no science can save us from ourselves.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
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!
MQ Trader 505 views | 3 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 12629 views | 11 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main 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....
Dannyfyl88
1,215 posts
Posted by Dannyfyl88 > 2020-12-04 09:21 | Report Abuse
Stuck... the whole market is STUCK. Banks are too expensive now. Recovery already too high also. Gloves are not in favor now with all the shit on TG. Stuck for a week or so... But it will recover as the price now seems like strong support with ALL the BAD news being said and done. Add for further growth. Already down 40%