Hi guys,
In few short weeks we saw the powerful Bull run stocks of Comfort
Gloves, Rubberex, Supermax, Luxchem and others due to the new found
Thematic Glove Play of Year 2020 all because of Coronavirus & the
collapse of oil prices.
Yesterday Adventa suddenly spiked up
Why?
Answer could be due to this announcement
Malaysia Airlines: Face masks mandatory for passengers starting tomorrow
Wednesday, 22 Apr 2020 09:41 AM MYT
Sanitizer
AND MANY OTHER MEDICAL EQUIPMENTS
WITH SINGAPORE IN LOCKDOWN OVER 5 MILLION PEOPLE WILL HAVE TO WEAR A FACE MASK WHEN LEAVING THE HOME UNTIL JUNE 2020
IT IS NOW COMPULSORY FOR OVER 5 MILLION PEOPLE IN SINGAPORE TO WEAR A FACE MASK OR FACE A FINE OF S$300 (RM900) FOR 1ST OFFENSE
Can we expect Adventa sales to accelerate upward like Gloves (more than
Gloves as Adventa also got Face Mask, Isolation gown & sanitizer)?
Of course
See how the frenzied buying since yesterday and still ongoing as we type
Calvin has a target price for Adventa at 80 sen to Rm1.00
Price still yet unfolding as we see how Covid 19 plays out in coming months
Best regards
Calvin Tan Research
Please buy or sell after doing your own due diligence. In doubt consult your remisier or fund manager