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after gloves companies boomm..now is the right timing where the drug companies will boomm..as they need to produce huge amount of vaccines and supply...
This is silly euphoria. There’s no covid vaccine yet but people are crazily buying this stock already just bcos Khairy said these 2 companies hv been selected to package the vaccine. Plus, covid cases in Malaysia so low, who will buy the vaccine?
Areaf, agreed with you bro...their revenues and profit is also on par or higher than the 2nd tier rubber stocks...furthermore pharmaceutical businesses in other countries during this covid19 has exceptional results as they too supply medicines, facemask, sanitizers etc not only to government but nationwide too...other countries has picked their source of pharma companies to supply them when the vaccine is available.it is not just supply but they must have facilities to bottle/encapsulate them..
nothing wrong to collect before or now obviously not for short term but 'long term' before vaccine is available and ready...vaccine is for prevention and not to cure already infected ones like during those flu time influenza A&B , ppl take flu jabs to prevent getting flu and those affected takes antiviral (dun confuse vaccine and antiviral)...so the demand will still be there..it could possibly be a compulsory or recommended vaccine to take next time before you travel...