VIZIONE (7070) VIZIONE HOLDINGS BHD - A Laggard Behind the Glove Rebound
Dated 8th December 2020, we see a strong rebound from the general glove sector. Pheim Red Fund had compiled the list of glove stocks and their respective performance on this date.
TOP GLOVE CORPORATION BERHAD - (+7.42%)
SUPERMAX CORPORATION BERHAD - (+7.14%)
HARTALEGA HOLDNGS BERHAD - (+2.09%)
KOSSAN RUBBER INDUSTRIES BERHAD - (+2.04%)
COMFORT GLOVES BERHAD - (+10.73%)
RUBBEREX CORP (M) BERHAD - (+12.20%)
AT SYSMTEMATIZATION BERHAD - (+2.63%)
*I've only factored in companies that are already producing gloves, are very close to producing gloves to have a fair comparison. In general, the glove players rallied by around 6.32% on an average basis.
So, VIZIONE HOLDINGS BERHAD, a company that had acquired 51.0% stakes from SSN Medical Sdn Bhd, an existing glove manufacturer; how much did VIZIONE went up on 8th Dec?
VIZIONE's share price dropped by 1.22% instead. Now, when we compare VIZIONE with the general glove sector, their share price was lagging by 7.54% in total (Negative 1.22% minus the difference 6.32%).
So, I believe tomorrow will be a day where VIZIONE would rebound STRONGLY.
If you saw this post before the market opens, you are in luck, hop onto the rebound trend of glove before you missed another wave!