Iconic Worldwide: Diversifies into face mask-making . Iconic Worldwide is venturing into face mask manufacturing, initially targeting factory and construction companies in Malaysia. The tourism and property development company said its new business would be placed under fully-owned Iconic Medicare SB. "Currently, the manufacturing facility located at Juru, Penang, is capable of producing face masks at a rate of 100 pieces per minute, amounting to about two to three million face masks a month. (New Straits Times)
When is Iconic going to get their approval from our local authority before they are permitted to sell their face masks locally; also the certification from oversea authority b4 they can export.
"There were also plans to increase production to 5 million face masks a month by the third quarter of this year. Iconic Worldwide said there was a need to adopt to the new normal by venturing into new and relevant businesses. The face mask business will start to contribute to the company's financial year ending March 31, 2021."
Be patience. The time will come. Top up as many as u can once it dropping. Whatever it is... you money is your decision...
Please see clearly at 0.30 there is someone blocking about 4000 lot with good to date selling. For sure that 0.30 cannot break for a reason. Reason being they try to force retailer out. Even today, the volume is so slow. More contra players should cutloss already since that already broke the critical support 0.295. Why havent they so? I believe this counter is held by those who are having cash in hands and also the money maker. This counter has a strong prospect. Please come revisit this counter later. Cheers
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Posted by Leader11 > 2020-06-16 10:10 | Report Abuse
New norm of life ... mask is compulsory... become a big counter in BURSA ... 1.00 is coming !!! ...