@abc123_2020 as u saw in my previous reply, no one is questioning on the value appreciation as this company have potentials... but the question is more on unrealistic & dangerous appreciation... institutions/investors with holding power don't like it.... when you have more retailers in a stock, be prepared to have a roller coaster ride and uncertain fluctuations without fundamentals...
AstraZeneca already said they will sell at no profit while on pandemic and nation don't have to vaccinations entire population to free us from covid, small percentage will do. The problems in production is shortage of glass vials, seem all already booked.
KUALA LUMPUR: Despite Malaysia's effort to help develop a Covid-19 vaccine with several other nations, it would take years before a precise vaccine is made available to the public, says Deputy Health Minister Datuk Dr Noor Azmi Ghazali.
"Although a lot of countries say that they are close to developing a vaccine, our worry is that it is still at the early stages of clinical trials.
"To get a vaccine in the near future may not happen as it will take years," he said when answering a supplementary question by Syed Ibrahim Syed Noh (PH-Ledang) in the Dewan Rakyat on Wednesday (July 22).
guys, i am really afraid of many of you will fall from high... just take profit and count the money, dont be greedy and all in once, phase by phase... I had seen a lot of people trapped in past (included me )
China have been focusing sternly onto the development of the VACCINE and they are into the final phase. I foresee in 3 months time, the vaccine will get patented and deliver to every corners of the world. Big pharma will buy the patented rights for OEM
Malaysia government will not sell to the poor but definitely will sell to middlemen like MO, private hospitals and clinic. It will provide spending flow for the country,
hahaha..like glove scenario in April & early May when people talk glove counter in overprice that time...but good luck to all holder, take profit if you think that's enough now.
Its better to take profit now rather than regret.. Pharma is not to earn profit, they are to save people. In this economy if they mark up the price to make big profit Whats the consequences? Do you think gov will allow them to do so?
Think wisely, government need to recover the economy but if covid issues cant be settled, the whole economy is depressed.
Now the market is hot Buying momentum is strong Even the news come out say the vaccine is only suitable for dog , the share price still go up Hence ,if we want to earn money we must take the ride as well , just get in only...
Investor interest shifts from rubber gloves to pharmaceuticals TheStar Wed, Jul 22, 2020 01:12pm - 51 minutes ago
KUALA LUMPUR: The FBM KLCI edged slightly lower on Wednesday as investors continued their profit-taking on glove counters on news of a several vaccines being in their final stage of testing.
At 12.30pm, the key index was down 0.43 points to 1,595.6. Trading volume was 5.4 billion shares valued at RM2.8bil.
The pause in rubber glove stocks have kept the FBM KLCI hovering below the 1,600 line, despite analysts upgrading their target prices on the counters on the expectations of continued upward movement in the average selling prices over the medium term .
"In our view, Top Glove can continue to charge a premium in the next six months given the acute shortage," said Maybank Investment Bank Research, which revised its target price on the counter higher to RM28.60.
Nevertheless, optimism over progress in drug trials sent the counters lower with Hartalega dropping 40 sen to RM17.60 and Top Glove slipping four sen to RM24.90.
Investors however shifted their interest to pharmaceutical stocks as the vaccine hopes served to offer potential upsides.
Pharmaniaga jumped RM1.05 to RM4.55, Duopharma climbed 68 sen to RM2.96, Apex Healthcare gained 90 sen to RM3.96 and Kotra added 81 sen to RM3.56.
Among the most actively traded stocks, Sapura Energy rose 0.5 sen to 10.5 sen, Lambo dropped 0.5 sen to four sen and VS slid one sen to seven sen.
Meanwhile in crude oil markets, prices were dampened by the soaring number of global coronavirus cases. US crude was down 22 cents to US$41.70 a barrel and Brent crude fell 20 cents to US$44.12 a barrel.
On the currency market, the ringgit gained 0.2% against the weaker US dollar to 4.2533. It was flat against the pound sterling at 5.4098 and down 0.2% against the Singapore dollar to 3.0725.
Aids , H1N1 , SARS , Malaria , dengue and many more viruses alreday few decades n no vaccine found yet . Do u think Convid 19 vaccine can easily be invented such a short time. hahaha The old viruses still cannot Kow Tim n want to solve this mysterious convid 19 virus OMG The God Must Be Crazy
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Posted by gnath_77 > 2020-07-22 13:16 | Report Abuse
okey, please buy more and make more money (Thurs - 30% & Fri - 30%)... treat us some coffee. good luck :)
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KL Liew Will continue Up 30% till friday
22/07/2020 1:09 PM