Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
Quarter results is on financial year ended 31 March 2020. Malaysia COVID~19 hit on end of March 2020, MCO started on end of March 2020.
EMCO started on around April 2020, today can CMCO is on May 2020. So according to MFRS 15, Revenue recognition, the revenues will be shown on next quarter right? Because April & May only need to export the gloves to other countries. US & UK COVID hit around April, slower than Malaysia.
Source: Worldometer, look at Active Cases of COVID-19 by country
im very agreed that Bursa more worthy and consistently to uptrend compare with other glove stocks. We all fighting with Bursa tmr, Target Price rm7.87 than rm8.00.