Director sold around 25m shares on Nov26. Like all small gloves... Shit. However, it will come back once TG got it's shit straight... hopefully by year end.
Hahahhaha kids been told from 2.70 no more game in gloves counters....my anaylsis since 4 weeks ago will drop to below 1.70 and what is the best price to buy ? I wound said 0.64 but have to depend on the big players. Next limit up will be next year after first season. Tale care and good luck kids
Company is making mony and the fundamentals are good but still dropping. Othe companies just signing MOU and pushing the share price up. Really can't understand the investors nowdays.
MyEG will be the sole distributor of the vaccine in Malaysia upon successful completion of the phase three trials, it said in a statement.
PETALING JAYA: My E.G. Services Bhd has entered into a memorandum of understanding (MoU) with Anhui Zhifei Longcom Biopharmaceutical Co Ltd to conduct phase three clinical trials and subsequent commercialisation of its Covid-19 vaccine in Malaysia.
MyEG will be the sole distributor of the vaccine in Malaysia upon successful completion of the phase three trials, it said in a statement.
Under the terms of the contract, the companies will strive to achieve compliance to halal status requirements to secure halal certification from the Department of Islamic Development Malaysia and ensure increased acceptance from the global Muslim population.
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, particularly the production of vaccines for human use.
It is presently one of five Chinese companies conducting phase three clinical trials of the Covid-19 vaccine in various parts of the world.
The MoU is valid for three years from the date of signing and may be further extended upon mutual agreement.
The contract is not expected to have any material effect on the net asset per share and gearing of the company for financial year 2020 (FY20) but is expected to contribute positively in FY21 upon successful completion of the phase three trials and commercialisation of the vaccine.
for good growth company, every downtrend will have a reversal..all glove counters right now are facing forced downtrend due to strong vaccine & market opening sentiment..& the sentiment is still there..more vaccine news to come..i think glove counters will being keep pressing down until end of this year
once all the vaccine news hype is over, once we have a confirmed vaccination in process, i anticicpate glove counters will make a comeback..
why? because good growth stock never stay low for a long time
our strategy right now? stop the thematic trading mindset for glove counters..the super bull has long gone way behind us, just accept it with open heart & move on..start the growth investing strategy..choose good fundamental glove stocks with high output with a confirmed production expansion..the big 4s, careplus, comfort & rubberex; for me, this is the only growth glove stocks worth to invest..can start discard other small micro-players let alone overhyped-soon-to-be-producing-glove stocks
due to vaccine sentiment, all good fundamental glove stocks right now is grossly undervalued, that's all i can say
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
1,220 posts
Posted by Dannyfyl88 > 2020-12-07 11:40 | Report Abuse
Director sold around 25m shares on Nov26. Like all small gloves... Shit. However, it will come back once TG got it's shit straight... hopefully by year end.