Dude this company is not only distributing vaccine. Other healthcare products as well. Go and check their website. What interest me as well is their exposure Indonesia. The population.
Many investors were frightened by AmBank’s publication and sold their holdings aggressively. As a result, Top Glove dropped Rm 2.50, Supermax dropped Rm 2.30, Harta dropped Rm 1.00, Ruberex dropped 54 sen and Comfort also dropped 54 sen.
Covid 19 pandemic has been affecting everybody and all the listed companies with the exceptions of glove stocks and other medical products for the prevention of the virus. Investment Banks including AmBank usually have a basket of stocks and they have to sell all their holdings to cut loss to buy glove stocks. AmBank would have been buying Glove stocks and all of them have gone up a few hundred percent in the last few months.
Many investors strongly suspect AmBank purposely downgrade all the glove stocks so that it can continue to buy at cheaper prices.
Perhaps Security Commission should look into this case.
this is not like gloves bro.... haha... Pharma in malaysia have no solid earning fundamental... they are NOT PRODUCER.. just PACKAGER... foreign funds not interested as they'll go to those companies PRODUCING the Vaccines in other stock exchanges... we don't have any Vaccine producer... Gloves are different, we are the world's largest producer, thats why foreign funds pours into gloves and the rally can last for weeks...
grab any good glove stocks before the bonus issuance next week !!! 1:1 for Supermax & 2:1 for Top Glove...!! another rally awaits once the stock price becomes half after the bonus issued next week...
How a stock go up when there is no fundamental reason to? Doesn't even make the vaccine (which is NOT a cure), just at best potentially providing packaging services for it and only IF a vaccine is found or works for that matter ... happy goreng guys!
to be honest, option#2 is good :) but it comes with risk... not sure how long it will be sleeping and when it will be awake... but once it is awake, it'll be very lucrative...
"The Great Migration" probably has just begun. It happens throughout history of mankind, where people move from one place to another to seek for peace, a safer place and shelter. Soon, we shall see more hot cash flowing out from over-priced counters to pharmaceutical - our hope for vaccine, our hope for better future. Let's embrace the challenges we have today.
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!
MQ Trader 634 views | 3 d ago
0:17
New IPO: An enterprise IT solutions provider that provides implementation services, maintenance, support and professional services, Vetece Holdings Bhd aims to list on the Ace Market!
MQ Trader 639 views | 7 d ago
0:17
New IPO: A manufacturing and trading of biomass fuel products, particularly PKS and wood pellets company, Elridge Energy Holdings 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....
facialking
25 posts
Posted by facialking > 2020-08-26 09:29 | Report Abuse
wake up call for those still thinking vaccine is real deal.