Pharmaniaga - TP at 6 range possible?

PHARMA



With recent business deal signings will the punters back to this counter?


From 2-3 days observation, personally this counter may still overlooked with addition of MCO 2.0 being introduced - the volume is just not there (yet?)

Like it or not 14mils doses has been bought even some may decries the subpar 50%++ effective rate of Sinovac covid19 vaccine that being shared by certain country.


The stock best performance was recorded last Aug, where the price hit 6.69 which is a handsome multiplier of the price prior to covid era averaging ~2 in last Jan-Feb




*This is not a call sign - the writer can't confirm or deny any dealings related to this stock

Dagangan ditutup: sasaran tercapai:

The counter somehow hit expected range of 6

However it took about 5 months!!


Max price: 7.25 - 01 June 2021
Now: 0.84 - 01 Oct 2021

*After price/stock adjustment activity starting from 05 July 2021