Sorry I made an optimistic outlook on this counter that day. I myself have also lost a significant chunk here. Hopefully the worst is over, uptrend could be resumed soon and those who holding can recoup their losses. Company remains solid hope the QR can provide some boost.
3.3 still strong support. It is not that bad except on Friday. Yes, the worst is over on Friday and expect some more drops for the few days. People will come back here just like Pharma and Dpharma
As a concerned investor pondering the abovementioned questions myself,
I did some research to look at the impact of vaccine approvals/introduction on glove stocks during the most recent major pandemic i.e. 2009/2010 H1N1 pandemic which lasted from April 2009 to August 2010. Based on the research on the H1N1 pandemic, there are two key findings that may help us answer those questions above:
Glove stocks continue to climb despite vaccine approvals (at least 5 vaccines approved between Sep-Nov 2009) as well as mass production and availability of vaccines to the overall population (end 2009). Glove bull run finally ended with the WHO announcement of the end of the 2009 H1N1 pandemic (11 Aug 2010)
Ever had the thought that when others jump in, big profit, but when you jump in, stock crashes... The chance of getting it right is 50-50 but 90% of the time it messed up. You will always be thinking "why me?"
Anyway, today all including gloves drop big because Putin has announced Russia is approving a vaccine which will be ready by next year. The Russian vaccine is filled with doubts because it has yet to enter Phase 3 clinical test. But the market reaction is drastic. Big drop for gold, bio, medical, etc. We don't know if this will be the next trend or just a knee-jerk reaction.
Sad this happened, I don't think there is any point to sell now as you will be losing too much and probably the counter is already at its near-term bottom... I mean like 50% gone in one week. Painful but hang in there and good luck.
Halo all, please go and check properly, Adventa is no more involved in Glove business, its an empty shell after sold their glove section to Aspian (owned by CEO of Adventa) and subsequently sold to Top Glove (can search in Google), sorry to say that Adventa is not worth a sen now....
Congrats to those who managed to sell above 5.00. Never too greedy in share trading. You'll never know when the big correction is coming. With more vaccine news coming out means glove stocks going to continue to correct itself. Happy days over for glove stocks ?
Johnfook always giving silly comments in many counters? Why buy overvalued Dpharma n pharma while most probably vaccine from the West won’t come in Malaysia in near future ??
Correct me if I am wrong. @Robert Lee, Ya Adventa did sold his Aspion which doing his majority of glove counter but refer to portal https://www.sunhealthcare.com.my/products.php?cat=2 (link in the main portal), Adventa is still producing glove and other PPE like mask etc. Not completely irrelevent to the glove market. Well the fundamental might not as well as Comfort or Rubberex but still doing PPE, am I right. :)
wat if china or US tomorrow announce their 3rd trial vaccine is successfull? so should we keep buying or selling. anyone ? no more fundamental, it PANIC SELLING AGAIN.,
Posted by dixon19 > Aug 13, 2020 9:50 AM | Report Abuse
LOL a lot vaccine promoter here keep create fear sell cheap ticket...
chopstick, US FDA already said, Phase 3 testing will take 6 months and result will not out until Nov election which trump pressing them to do. They go public to make their case clear.
vaccines will be inject to those not being infected with covid-19 and the success rate is still an unknown...PPE still required atleast months or years to avoid the outbreak even after the injection...
Don't just focus on the face mask and gloves distribution tho. Even the vaccine is approve tomorrow, you do need syringe and needle to inject into human body, so hold tight cause Adventa got it all !
Investor relation department also really shit. Can't answer questions with confidence. Shit fundamentals, Shit financials. Don't waste your money on this counter. Sure kena burnt.
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....
hcy1030
6 posts
Posted by hcy1030 > 2020-08-08 21:42 | Report Abuse
correction. Adventa Health Sdn Bhd