Read the charts - volume momentum is still strong. Exchanges in single level prices are not noticeable contributors but it may hit 0.72 again today. Let's watch if it does
Generex Signs Binding Licensing & Research Agreement with Bintai Kinden to Advance the Clinical Development & Commercialization of Ii-Key-SARS-CoV-2 Coronavirus Vaccine for Malaysia
Why Bintai will likely limit up coming Monday 21st Sept:
Note that Generex has given Bintai the right to not only produce and sell the vaccine in Malaysia, but also in Australia, New Zealand and all the global HALAL markets. The potential profits are EXTREMELY HUGE as Bintai will be selling a HALAL vaccine!
Note that it is stated that the royalty that Generex collects from Bintai from vaccine sales in Malaysia alone is already USD150 million. Taking the $3 royalty per dose (the range of royalty is $3 per dose on government sales and $4.50 per dose in the private sector) for example, this will translate to a profit of USD450 million for Bintai vaccine sales in Malaysia. $4.50 royalty per dose will mean USD675 million of profits for Bintai. And this is only Malaysia. How about Australia, New Zealand and all the global HALAL markets? Do the math yourself and tell us if a limit up is not possible?
What is the stage of development and clinical trials of the Covid-19 Vaccine developed by Generex and whether necessary approvals have been obtained from the relevant government/medical authorities. If yes, to provide the name thereof.
The Covid-19 Vaccine is in the pre-clinical stage of development and pending approvals from the U.S. Food and Drug Administration (FDA) to commerce Phase I/II human clinical trials.
Dream on this Bintai with the estimation of USD150 million in Malaysia. At the moment they are yet to enter human trial while China will report the phase III result in weeks time.
The target market under the collaboration and whether any contact has been secured. The targeted market is mainly for the Malaysia and/or regional and international markets, if warranted.
At the current state, no contact has been secured as the Project still in an infant stage.
Khairy also said today the Malaysian government was currently preparing government-to-government agreements with the Chinese government to get access to coronavirus vaccines developed in China.
So how to achieve Bintai estimation USD150 million in Malaysia? gg Bintai.
"High percentage of retailer who think they can out-smart the stock market and enter lose making penny stock and dream to become a millionaire, majority will lose big amount of money compare to the retailer who put money on profit making company that its share price Rm1 and above counter"
Want to go vaccine counter? go to genuine vaccine counter example Pharmaniaga and Duopharma. Malaysia gave licence only to Pharmaniaga and Duopharma to distribute covid19. Dont act smart and think Bintai can sell vaccine it will never happen in Million years in Malaysia. Never touch any lose making penny stock counter who try to ride on vaccine theme.
Want to invest on glove counter? invest only on genuine glove counter Top glove, Supermax, Hartalega, Kossan, Ruberex, Comfort, Careplus, Hlt and LKL.
Khairy just a spokesperson on behalf. The market is big enough to accommodate more players. Bintai venture might sounds disbelief but a co. can always diversify to create value to shareholders. By the time its materialized, u might have missed the opportunity to catch it low.
vaccine approval is under WHO...once approved, MOH will follow... So far government has never purchased any vaccine directly, most of them through Pharmaniaga, UMNO crony. This time, other companies have already signed exclusive agreement with the vaccine manufacturers. Not sure what roles Pharmaniaga will play. Bottling? perhaps not because the vaccine probably arrived bottled already.
@zhm540 your logic may not be very true. MOH or the Government itself tend to take the route they are confident in or used to use may it be an “UMNO” crony or government related company. Its rather difficult to deal with new companies having such a big project at hand. Even worst if they plan to subsidize the vaccination cost which the Government may do to safe guard Malaysia and its growth.
Has it been signed? ;P because the last it boomed was because they were entering the MOU right? Even then, MoU and MoA are well lets just say changable.
Dont get me wrong, it is a legitimate deal and there is a chance of it booming in Malaysia. But would Bintai have the capacity for this? Just my 2cents la.. i really maybe wrong
Since their AGM just around the corner n lately just concluded private placement. Why not buy some share n attend their AGM. Post these questions to them. Would have more clarity after this.
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 881 views | 5 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!
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....
bowman
2,580 posts
Posted by bowman > 2020-09-18 15:34 | Report Abuse
A nice candle forming above the 68.8% Fibo level. If it breaks the 0.70 limit by 4pm, it should clear the next level of 0.76