The Board of Director of HWGB wishes to announce that the Company had on 21 May 2020 received a letter dated 20 March 2020 from Sabah Chief Minister’s Department informing that approval has been given to HWGB to bring in Covid-19 test kit to Sabah for the purpose of Covid-19 screening.
As at the date of the announcement, HWGB is the authorised distributor of Covid-19 diagnosis kit manufactured by Shanghai Liangrun Biomedicine Technology Co Ltd, Wuhan Easydiagnosis Biomedicine Co. Ltd. and Xiamen AmonMed Biotechnology Co. Ltd.
there's always spectator who speak loud and frequent compare to participants. at the end, participants earn experience / money while specatator got nothing.
If Sabah allowed the Covid-19 test kit to be used there, it means that the MOH had already granted their approval. This will be a game changer for HWGB's foray into the healthcare sector!
HWGB: HEALTH & WEALTH = GOOD BLESSINGS A TURNAROUND STORY IN THE MAKING
#Posted by Spectre888 > May 17, 2020 9:13 PM | Report Abuse
How much profits would HWGB be generating from the sale of the Shanghai Liangrun's rapid test kits?
(i) With our population of abt 32m, let's assume 20% as the population that will be tested over the next 6 months. That is about 6.4m people (excluding PRs, Work Permit holders, tourists, illegal immigrants, etc);
(iii) As there are 5 rapid test kits recommended by the MOH, namely Lionrun Shanghai Liangrun Diagnostics Kit, Wondfo, Vazyme, Standard Q Covid-19 igM/IgG Combo, and Healgen, the market share of the total revenue that is expected to be earned by HWGB = (20% of RM2.4B) = RM480M.
(iv) Let's assumed that the profit margin for HWGB is 35%. This will translate into (35% of RM480M) = *RM168M over 6 months (or RM28M per month); * This is only a rough & conservative estimation. Imagine the added potential to be reaped from the appointed sub-distributor, PM Care Sdn Bhd with its network of more than 3,500 medical providers nationwide!
Folks, we all know that a vaccine for Covid-19 can only be found some 1.5yrs or more down the road. Figures don't lie, so its no wonder that this attractive profit margin is freaking out the Board who has been frantically trying to takeover the company with their cheapo offer price of 0.125, 0.14 & 0.205 respectively!! Expect smart investors to come in and stop them in their tracks tomorrow!!!
As far i know for covid 19 test..MOH only use antigen test kit..coz more accurate, compared to antibody test kit..which only can detect patient with covid 19 at the later phase of disease (once patient start to develop antibody)..but not in the early phase of disease..as for covid 19..require at east 7-10 days for antibody to develop..
for time being if not mistaken..sabah just started to used antigen test kit as approved by MOH..yet not for screening of all patient..only for selected emergency cases .screening test still use nasal swab coz more reliable..
With the current situation of COVID-19, reaching a potential second wave internationally, testing requirements are expected to balloon in the coming months.
While the Government has actively sought to provide adequate testing facilities and resources to the general public, there has to be increased contribution from the private sector, if the economy is to be returned to normalcy as soon as possible. This is where the demand for HWGB's premium Shanghai Liangrun test kits will boom!
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....
Hunter8888
505 posts
Posted by Hunter8888 > 2020-05-21 10:04 | Report Abuse
paperplane panic buying today hahaha.