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Hi guys
Very sorry I must be the "bad guy" who gives warning
Spammers like 3iii, Mikecyc, shootup & others in Netx forum should do their duty in warning. But none bothered as they are all obsessed & possessed with spams there day and night - totally oblivious to real danger stocks like this covid 19 vaccine bull rampage

1) Pharmaniaga is not the inventor of Covid 19 vaccine. It only do the bottling.
How much does bottling makes?  As we know Pharmaniaga deals with Malaysian Government.
The margin is razor thin
Let's check the Results of Pharmaniaga

SUMMARY OF KEY FINANCIAL INFORMATION
31 Mar 2020

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Mar 2020
31 Mar 2019
31 Mar 2020
31 Mar 2019
$$'000
$$'000
$$'000
$$'000
1 Revenue
819,921
786,108
819,921
786,108
2 Profit/(loss) before tax
30,880
30,243
30,880
30,243
3 Profit/(loss) for the period
22,415
19,648
22,415
19,648
4 Profit/(loss) attributable to ordinary equity holders of the parent
22,399
19,617
22,399
19,617
5 Basic earnings/(loss) per share (Subunit)
8.57
7.53
8.57
7.53
6 Proposed/Declared dividend per share (Subunit)
6.00
6.00
6.00
6.00
   
AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7 Net assets per share attributable to ordinary equity holders of the parent ($$)
1.3400
1.2900

Definition of Subunit:
In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:
 
Country Base Unit Subunit
Malaysia Ringgit Sen
United States Dollar Cent
United Kingdom Pound Pence

Revenue is Rm819.921 Millions
Profit is Rm22.399 millions
So divides Rm22.399 millions by Rm819.921 Millions
= 2.7% that's the razor thin profit margin dealing with Govt Hospitals
Now how much will bottling cost for 32 million Malaysians (by the way not all Malaysians go Govt hospitals)
Now if all 32 million Malaysians use One Bottle of vaccine which might be free
See

PRESS RELEASE

World leaders unite in call for a people’s vaccine against COVID-19

More than 140 world leaders, experts and elders have made an unprecedented call for guarantees that COVID-19 vaccines, diagnostics, tests and treatments will be provided free of charge to everyone, everywhere
GENEVA, 14 MAY 2020—More than 140 world leaders and experts, including the President of South Africa and Chair of the African Union, Cyril Ramaphosa, the Prime Minister of Pakistan, Imran Khan, the President of the Republic of Senegal, Macky Sall and the President of the Republic of Ghana, Nana Addo Dankwa Akufo-Addo have signed an open letter calling on all governments to unite behind a people’s vaccine against COVID-19. The call was made just days before health ministers meet virtually for the World Health Assembly on 18 May.
The letter, which marks the most ambitious position yet set out by world leaders on a COVID-19 vaccine, demands that all vaccines, treatments and tests be patent-free, mass produced, distributed fairly and made available to all people, in all countries, free of charge.
Other signatories include the former President of Liberia, Ellen Johnson Sirleaf, the former Prime Minister of the United Kingdom, Gordon Brown, the former President of Mexico, Ernesto Zedillo, the former United Nations Development Programme Administrator and former Prime Minister of New Zealand, Helen Clark.
They join notable economists, health advocates and others, from the Chair of the Elders and the former President of Ireland, Mary Robinson, Nobel Laureate, Joseph Stiglitz, to Moussa Faki, Chairperson of the African Union Commission, Dr John Nkengasong, Director of African Centres for Disease Control and Prevention, and Dainius Puras, the Special Rapporteur on the right of everyone to the enjoyment of the highest attainable standard of physical and mental health.
“Billions of people today await a vaccine that is our best hope of ending this pandemic,” said Cyril Ramaphosa, President of South Africa. “As the countries of Africa, we are resolute that the COVID-19 vaccine must be patent-free, rapidly made and distributed, and free for all. All the science must be shared between governments. Nobody should be pushed to the back of the vaccine queue because of where they live or what they earn.”
“We must work together to beat this virus. We must pool all the knowledge, experience and resources at our disposal for the good of all humanity,” said Imran Khan, Prime Minister of Pakistan. “No leader can rest easy until every individual in every nation is able to rapidly access a vaccine free of charge.”
The letter, coordinated by UNAIDS and Oxfam, warns that the world cannot afford monopolies and competition to stand in the way of the universal need to save lives.
“This is an unprecedented crisis and it requires an unprecedented response,” said former President of Liberia, Ellen Johnson Sirleaf. “Learning the lessons from the fight against Ebola, governments must remove all the barriers to the development and rapid roll out of vaccines and treatments. No interest is more important than the universal need to save lives"
The leaders recognize that progress is being made and that many countries and international organizations are cooperating multilaterally on research and development, funding and access, including the welcome US$ 8 billion pledged on 4 May at the European Union’s international pledging marathon.
However, as many countries and companies are proceeding with unprecedented speed to develop an effective vaccine, the leaders are calling for concrete commitments to ensure that it is made affordable and available to all in the quickest possible time. These include:
  • A mandatory worldwide pooling of patents and sharing of all COVID-19-related knowledge, data and technologies in order to ensure that any nation can produce or buy affordable doses of vaccines, treatments and tests.
  • The rapid establishment of an equitable global manufacturing and distribution plan for all vaccines, treatments and tests that is fully funded by rich nations and which guarantees transparent “at true cost prices” and supplies in accordance with need rather than the ability to pay.
    • This would include urgent action to massively increase manufacturing capacity to produce the vaccines in sufficient quantities and train and recruit millions of health workers to distribute them.
  • A guarantee that COVID-19 vaccines, treatments and tests are provided free of charge to everyone, everywhere, with priority given to frontline workers, vulnerable people and poor countries with the least capacity to save lives.
“Faced with this crisis, we cannot carry on business as usual. The health of each of us depends on the health of all of us,” said Helen Clark, former Prime Minister of New Zealand. “The COVID-19 vaccine must not belong to anyone and must be free for everyone. Diplomatic platitudes are not enough—we need legal guarantees, and we need them now.”
“Market solutions are not optimal to fight a pandemic,” said Nelson Barbosa, former Finance Minister of Brazil. “A public health care system, including free vaccination and treatment when that becomes available, is essential to deal with the problem, as shown by the Brazilian experience with compulsory licensing of antiretroviral drugs in the case of HIV.”
Read again
More than 140 world leaders, experts and elders have made an unprecedented call for guarantees that COVID-19 vaccines, diagnostics, tests and treatments will be provided free of charge to everyone, everywhere
Read in BOLD LETTERS
BE PROVIDED FREE OF CHARGE TO EVERYONE, EVERYWHERE
Then how much will Pharmaniaga charge Govt for each bottle?
50 sen? Or Rm1.00 per bottle
Ok take Rm1.00
Then Rm1 x 32 millions Malaysian = Rm32 millions
How much profit it will be?
The simple formula is
Rm32 millions divide by Rm22.399 x 8.57 sen = 12.24 sen
And this is a one off
Now for an increase of 2.24 sen projected profit
PHARMANIAGA SHARE PRICE HAS GONE LIMIT UP FROM Rm3.50 to Rm4.55 or Up Rm1.05 (and the day before was Rm2.77)
SINCE THE NEXT FEW QUARTER RESULTS OF PHARMANIAGA WILL STILL REPORT SMALL 2.7% PROFIT THE PRICE HAS NOW RUN FAR AHEAD OF FUNDAMENTAL
OF COURSE FEW WILL TAKE HEED & ANYTHING GOES AS THIS IS NOT BULL RUN BUT "MAD COW FEVER"
May I repost an article to describe this

THE GREATER FOOL THEORY By Dr Neoh Soon Kean (Excerpts from STOCK MARKET INVESTMENT), Calvin Tan comments

Author:    |    Publish date: 




This is an excerpt from STOCK MARKET INVESTMENT In Malaysia And Singapore by Dr Neoh Soon Kean, the Benjamin Graham of Malaysia. Year of printing 1985
 
THE GREATER FOOL THEORY (Page 67 Last paragraph)
This is a theory that is usually very popular during the immature phase of a stock market's development. More of the followers of this theory are not aware that the trading system which they believe in goes by this peculiar name. From the stock market's behaviour during the past three booms, we can say that many Malaysians/Singaporeans appear to be strong supporters of this theory. This theory was very popular in the US during the 1920s but since then, it has fallen out of favour even though pockets of true believers still appear from time to time.
 
    In essence, believers of this theory hold that stock prices are not dependent on anything tangible but rather dependent on the continual appearance of more people who are willing to purchase the stocks at an even higher price {these people are the so-called 'greater fools'). Thus, it neither matters what price one buys a stock nor that the stock's price is ridiculously high by any normal standard of measurement. Thus the believers of this school of thought hold the view that whatever stock one buys can always be sold at a higher price because there will always be greater fools than themselves. Thus, it is fine to buy MUIB at $24.00 because there will be another person foolish (or brave) enough to pay $26.00 for it. Believers of the greater fool theory never for a minute think that the supply of fools will be exhausted and that they may be the final purchaser before the crash.
 
   During every stock market boom, there are usually a large number of believers of the greater fool theory and some of them actually make a lot of money on the way up. Some of them get out in time by finding some greater fools to take over their hot potatoes in the nick of time but many find that they themselves end up as the greatest fools because there is no one else willing to bid up the price anymore. Needless to say, the Greater Fool Theory is a much discredited one among academics and most professionals. But it still finds many adherents. Why is this so? Everyone is having too much fun, (that is, making so much money) on the way up that they do not want to leave the market. George Goodman, writing under the pen name of 'Adam Smith' has this wonderful parable to explain how people are caught up in the web of the Greater Fool Theory and do not know when to get out.
 
We are all at a wonderful ball where champagne sparkles in every glass and soft laughter falls upon the summer air. We know, by the rules, that at some moment, terrorists will burst in through the terrace doors, killing many and scattering the survivors. Those who leave early will be saved, but the ball is so splendid that no one wants to leave while there is still time. Everyone wants to enjoy one more dance and sip one more glass of champagne. So everyone kept asking: "What time is it? What time is it?" We look around and find that all the clocks have no hands.
 
  This may be a surrealist's way of describing the stock market but Goodman's parable has a great deal of truth in it. Of course, we know that in every speculative boom of the past, the 'terrorists' did come when most of the guests were still enjoying themselves at the ball. As 'Adam Smith' implies, nobody knows when a speculative boom will end but end it must for that is the rule. At every speculative boom, not many of the small speculators escaped with their gains made on the way up. Most of the smaller speculators known to me eventually lost all their gains and much more than what has been gained.
Some even lost a large part of their original capital. Thus on the next occassion when you happen to find yourselves at this type of a ball, try to leave early. The problem is that once one is caught up in the fun and games of the party, one is apt to lose touch with reality. Chances are that believers of the Greater Fool Theory will hang on to the bitter end, only to be slaughtered. It is better to miss a few dances or a few glasses of champagne than lose one's life. 
In concluding this section, an anecdote about Bernarde Baruch, generally acknowledged to be the greatest stock traders of the 1920s is related. He was once asked how it was that he remained  so rich while many of his contemporaries had declared bankrupt. This was his splendid answer: 'I always sold too early.'
 
Calvin comments:
This greater fool theory could be applied to stocks like IFCA from 7 sen to Rm1.87 & down to 25 sen
I have people telling me I missed IFCA on the way up. Calvin does not go gambling in casino Greater Fool Type of Stocks.  And how they missed a fortune on the way up  due to my warnings.  And how they finally lost all their 'profits and all their capitals' for overstaying. Now I am not here to tell you how to punt or gamble. I am here to warn of a Greater Fool Stock.
All will have to be responsible for your own actions in investment. 
 
LATEST ADDITION TO GREATER FOOL STOCKS ARE HENGYUAN
 
See the Pump & Dump of Hengyuan
 
 

HENGYUAN REFINING COMPANY BERHAD (4324)


HENGYUAN REFINING COMPANY BERHAD (4324) Chart
Chart Period:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The Greatest Fool who chased Hengyuan from Rm17 to Rm19 will be stuck up there for a very long time.
The Opportunistic Fools who bought the Falling Knives of Henguan from Rm15 down to Rm10 are also stuck in limbo!!
 
Now the Greater Fool Stock is Jaks
See

JAKS RESOURCES BERHAD [S] (4723)


JAKS RESOURCES BERHAD (4723) Chart
Chart Period:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The Greatest Fools who chased Jaks near Rm1.80 will be hung up there for a very long time
 
Now in progress are Many Opportunistic Fools who bought the falling knives of Jaks from Rm1.50 to Rm1.00 will also be caught & stuck in limbo later when price of Jaks return back to its true level
 
So take care
 
Calvin Tan Research

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-07-23-story-h1510691619-BE_CAREFUL_OF_COVID_19_VACCINES_TRIGGERED_MAD_COW_FEVER_NOT_BULL_RUN_LA.jsp
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