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UGHealthcare share worth keeping?
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tonyja
Elite |
07-Jul-2021 00:59
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Okie I always thought they sell ppe then be careful guys
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Everyday
Elite |
07-Jul-2021 00:03
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UGhealthcare is a glove company started in 1989 with 2 factories in Seremban
We started out as a rubber glove manufacturer with a single production line in 1989. After three decades, we have grown to become an established rubber glove manufacturer with two manufacturing plants and an extensive global distribution platform for our products.OUR GLOBAL PRESENCECurrently, our two manufacturing plants are located in Seremban, Malaysia. Globally, we have six marketing subsidiaries and associated companies located in Europe, USA, China, South America and Africa. Please see OUR DISTRIBUTION for more details. Currently, we distribute our products to more than 50 countries, including Germany, UK, US, France, Switzerland, PRC, Japan, Canada, Brazil and Nigeria through our distribution platform and third party distributors. POISED FOR RAPID GROWTHWe spent the last three decades developing our technical know-how, a distribution platform and cultivating our " UNIGLOVES" brand to secure demand for our products. Having successfully implemented these strategies, we continued our manufacturing capacity expansion. Through our two manufacturing plants, we are currently capable of producing approximately 3.2 billion pieces of examination gloves per annum. We will continue to expand this capacity to complement and support our global distribution business. http://www.ughealthcarecorporation.com/historyandoverview.html |
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tonyja
Elite |
06-Jul-2021 23:27
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ug Like medtech Tradeview - Retail Investors Are Not Lambs To Slaughter, They Have Families Too For many years, our local stock market had subdued retail investors participation. There are many reason why but mainly it has to do with the past financial crises. Whilst writing my book, I did substantial research sifting through past news reports and academic papers. For every cycle between 1987, 1997/98, 2008/09 and 2020, the stock market rally was always precipitated by influx of retail investors pushing it to new highs. However, they are always the last to leave ending up the biggest loser when the market collapse or selloff. This will then cause a period where retail investors participation dwindles to record low before normalising. This is why brokerage houses or investment bank often focus on institutions / large funds as their key clients. This means they will get good insights from analysts, access to corporate management which help them invest better. Retail investors on the other hand will always be disadvantaged. This caused a vacuum and who fills the void? Fake Gurus Retail investors influx in 2020 reach levels unseen since the 1993 bull run. Similarly, fake gurus started propping up everywhere. Countless Facebook & Youtube Ads of Fake Gurus flooded my social media. No matter how many times I hide or report ads, just like cockroach, they will find a way to come back. Now imagine, with many new retail investors, this makes them easy target for the Fake Gurus. Especially in a time of pandemic, where people are locked up at home, businesses are closed, income reduced, job loss, even boredom kicks in. Many invest in stocks hoping to pass time or simply to make ends meet. When those Fake Gurus keep appearing in your screen, showing you his expensive watch, car, house dressed in suit, you start wondering, maybe you should try investing too. With no knowledge in the stock market, your only reliance is the Fake Guru and his " philosophy" . You dont even know whether what he is teaching you is real because the Fake Guru gets celebrity endorsements and pictures with VIPs. When you ask question, they brush you off. You end up blindly following. Sadly, these bunch of flamboyant and ostentatious people are indeed Fake Gurus who know NOTHING about investments, risk management or valuation. They only know simple theories. Needless to say, tragedy strikes when the market is no longer in a bull run like in 2020. These Fake Gurus had no idea about macroeconomics hence they would not know the intricacies of global landscape, politics or social issues which would necessitate retail investors to conserve cash entering 2021. They would also would not know cashflow importance and missed out Serba Dinamik' s glaring issue. As of today, KLCI is at 1531 which is 9% down from 2020' s peak which is close to a 10% correction. Why am I writing this? After the FM988 live call suicide incident, I felt very empathetic towards the caller' s predicament. What I didn' t know was there are in fact so many victims like him out there who have paid RM 15k per person to these bunch of Fake Gurus and lost almost everything they invested in the stock market. Retail investors are crucial towards the healthy development and vibrancy of Malaysia' s stock market. The fact that their record participation in 2020 have filled the void by foreign funds who have been selling our Malaysia stocks for the past 13 consecutive quarters shows how precious they are. If our retail investors are burnt by your actions and never to return to the market, it would lead to a huge void in future just like the Singapore Penny Stock Scandal in 2013. So, I would like to put this on record, to those Fake Gurus, if you still have conscience and a heart, REFUND every single sen to these poor people. After that, close down your website, social media accounts and do not ever promote yourself as a GURU again. It is not their fault that they are misled by intentional and systemic misrepresentation. They are not lambs for you to slaughter. They have family too. Full article source : www.tradeview.my
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Longtermer
Elite |
06-Jul-2021 22:49
Yells: "A disciplined investor is a wealthy investor" |
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UG not a glove company?
Then what are they doing?
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Everyday
Elite |
06-Jul-2021 17:23
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UG closed at 0.565. Only slightly higher than opening of 0.560. Have to wait patiently.... | ||||
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Everyday
Elite |
06-Jul-2021 17:16
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Top Glove is the largest and successful Rubber Glove producer.It will not fail. Just have temporary US prob. Will recover soon.
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Everyday
Elite |
06-Jul-2021 11:27
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Funny...Top Glove only go up by 0.3 cents fr 1.28 to 1.31. Riverstone by 0.2 cents fr 1.18 to 1.20. UG went up the most at 1.5 cents fr 0.560 to 0.575. UG have the highest improvement as of 11.27am. |
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1c2e3s
Veteran |
06-Jul-2021 11:11
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top glove lift glove counter up. however it could dead cat bounce back
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Everyday
Elite |
06-Jul-2021 11:03
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From opening to 11am Aspen went up from 0.162 to 0.170. Top Glove fr 1.28 to 1.30, Riverstone fr 1.18 to 1.20. Glove counters are moving up. UG went up from 0.560 to 0.575... | ||||
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Everyday
Elite |
06-Jul-2021 10:31
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From previous quarter report ending 31st Mar 2021 UG have cash and bank balances of 60.126m. The long term bank borrowings was 5.97m, short term bank borrowings was 4.314m. The net cash and bank balances was 49.80m | ||||
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Everyday
Elite |
06-Jul-2021 10:23
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After deducting a small debt of 10m from 60m....UG have net cash balance of 49.8m | ||||
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tonyja
Elite |
06-Jul-2021 10:21
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Misuse small debt ? where you get this info
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Everyday
Elite |
06-Jul-2021 10:21
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Going up. fr 0.560 opening to now 0.575 at 10.20am..moving slowly ....keep it up UG.....slow and steady | ||||
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Everyday
Elite |
06-Jul-2021 10:02
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Open at 0.560 and now at 0.565..at 10am..... all the best to investors....UG after minusing a small debt ...have net cash up to 49.8m. So it is a stable company. | ||||
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tonyja
Elite |
06-Jul-2021 07:48
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Rubber Gloves ASPs to average at US$67-US$75 in second half | Daily Express Online - Sabah' s Leading News Portal.jpg) Despite the decline in ASPs, it noted that supply shortage for disposable gloves still remains, with the crunch expected to last until 2023 before supply catches up with demand. &ldquo With vaccines appearing less effective against certain new variants and upcoming winter towards year-end, we do not rule out the possibility of Covid-19 cases rising again, despite vaccination efforts in key markets. This would inevitably increase the demand for disposable gloves,&rdquo it said in a note Friday. ADVERTISEMENT The investment bank lowered its financial year 2021/2022 net profit forecasts for Top Glove Corp Bhd by -3.3 per cent/-2.6 per cent, and Kossan Rubber Industries Bhd&rsquo s FY21 net profit forecast by -7.9 per cent to account for lower sales volumes from smaller workforce capacity during full Movement Control Order (FMCO). The recently imposed FMCO mandates that glove manufacturers operate at 60 per cent workforce capacity from June 1-30 for the duration of the total lockdown. Furthermore, in the government&rsquo s National Recovery Plan (NRP), Phase Two and Phase Three 3 (July-October 2021) continues to mandate that manufacturers operate at below full capacity (80 per cent workforce). ADVERTISEMENT At the current price levels, it still expects healthy dividend yields for glove players to support share prices. At current prices, glove players have FY21/22 dividend yields of 6.9 per cent to 19.2 per cent. HLIB maintained its &ldquo Overweight&rdquo call on the rubber glove sector and adjusted downwards its target price for Top Glove (RM6.76 to RM6.72) and Kossan (RM5.60 to RM5.54). |
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tonyja
Elite |
05-Jul-2021 20:38
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Israel Sees Decline in Pfizer Vaccine Efficacy Rate, Ynet ReportsAlisa Odenheimer5 July 2021, 3:59 PM SGT
The protection conferred by Pfizer Inc.&rsquo s vaccine against mild forms of Covid-19 appeared to wane after a few weeks in data garnered in Israel as the delta variant took hold, although the shot continued to shield users against severe illness. The vaccine developed with BioNTech SEprotected 64% of receivers against the illness between June 6 and early July as the government lifted restrictions, down from 94% between May 2 and June 5, the Ynet news website reported, citing Health Ministry numbers. More importantly, those who were vaccinated remained far less likely to be hospitalized, with protection dropping only slightly to 93% from 98% in the period. The efficacy against serious illness was similar, according to the report. The delta variant, which first emerged in India, is sparking concern as it spreads around the globe, providing a real-life test for vaccines and dashing hopes of recovery in air travel. Dervila Keane, a spokeswoman at Pfizer, declined to comment on the data from Israel but she pointed to other researchthat shows continued protection against new mutations -- just slightly reduced in some cases. The evidence gathered so far suggests that the vaccine &ldquo will continue to protect against these variants,&rdquo she said. New Curbs?In Israel, where social curbs were lifted at the start of June, many of the new cases are among vaccinated people, according to Ynet. Last Friday, 55% of the newly infected had been vaccinated, the website said. As of July 4, there were 35 serious cases of coronavirus out of a population of 9.3 million, compared with 21 on June 19. The government is considering reinstating additional restrictions after restoring a mandate to wear masks indoors in public spaces. Officials are also discussing whether to recommend a third dose of vaccine, the report said. Pfizer CEO Albert Bourla has said people will &ldquo likely&rdquo need a third dose of vaccine within 12 months of getting fully protected. Israel had one of the world&rsquo s most effective coronavirus inoculation drives and some 57% of the population is now fully vaccinated. |
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Everyday
Elite |
05-Jul-2021 19:42
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The old UGHealtcare Forum still around. Just search under UGHealthcare. Today closing price was a low of 0.560. Read in the Business Times today that there is a global shortage of rubber gloves from Malaysia due to the lockdown.The Malaysian Rubber Glove Manufacturers Association have requested for factories in Selangor to be allowed to operate at normal capacity. Other news source said that the glove Cos have registered their employees for vaccination. Just waiting for the vaccines. Demand for gloves is more than supply this year and will spill over to next year. Malaysia estimated to export about $38b of gloves this year. So a matter of time the glove counters share price will go up..The glove counters price go down partly due to this temporary problem. |
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Inferno
Senior |
05-Jul-2021 11:24
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A few days no log in already got new UG forum? What happen to the preivous one? | ||||
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Everyday
Elite |
05-Jul-2021 11:05
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Now 11am at 0.565. No of shares done 224k.Looks like mkt intend to push down the price. Good for buyers. For us who already bought we wait for better price towards Aug. | ||||
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Everyday
Elite |
05-Jul-2021 09:30
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No movement on opening .Asking price 0.580. For those who hv UG shares like me will just hv to wait till price recovers....likely may move slowly like last few weeks. Price sh be better by Aug or when it picks up...nobody can predict. UG hv 49.8m nett cash balance. Sh be ok | ||||
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