IQZAN (7183) IQZAN HOLDING BERHAD THE NEW GLOVE COUNTER IN TOWN !
A little rumours around the corner that IQZAN would be the next to join the glove maker company in Bursa Malaysia by merging with one of the leading glove maker in Malaysia based in Alor Gajah,Melaka.The company is one of the leading suppliers and exporters for Latex Examination Gloves and Latex Surgical Gloves. Currently, they exports to over 45 countries. The main continents covered Africa, Central and South America, European Countries, Japan, Middle East Countries, South East Asia and United States (USA).
The company emphasizes stringent quality control in order to adhere and meet with Good Manufacturing Practice and Standards, such as ASTM D3578-05, and EN455 Part 1&2. It is accredited with FDA 510K, CE, ISO9001, and ISO13485. The announcement could be out by the next few weeks and this will be the most CHEAPEST !! glove counter in the bursa.
Yes, we are talking about a PN17 company that is so eager to be released from the PN17 status.
In December 2019, the name was changed to IQZAN. Unlike other PN17 companies, the change of name is an early sign for the owners to become very ambitious.Now with merging with one of Malaysia leading glove maker could be a turning point for their company.
On 21 Jul 2020, a sudden spike in volume traded took place. It is like a tsunami warning. The peak of RM 0.20 took place on 23 July with the respective OHLC of RM 0.120, RM 0.20, RM 0.120, and RM 0.135.
Iqzan is now trading below the ema 20 and above ema 40 with stochastic oversold,I strongly believe that IQZAN will be testing RM 0.17. After that, RM 0.20 should be the next target. With the current bull rally on glove counters i believe we will see another limit up soon !
SOME OF THE PRODUCTS THAT IS CURRENTLY BEING PRODUCED BY THE GLOVE FACTORY
Nitrile Examination Gloves
Latex Surgical Gloves
SOME OF THE APPROVALS OBTAINED BY THE GLOVE FACTORY
ISO 13485 Medical Devices Quality Management
UKAS Management Systems
FDA Registered U.S.A
Disclaimer : The above opinion is never intended to be a BUY CALL whatsoever. I am sharing my observations ONLY based on fundamental; past history; current trading pattern; charts etc. Please make your own informed decision before buying this share or whatever share for that matter.