Sinovac Biotech Ltd (SVA) : Fifth Order for H1N1

Just saw the headline : Sinovac Obtains Fifth H1N1 Vaccine Order from Chinese Central Government

With these orders, SVA is off to a good start for this year.

Add on to that, they have a JV which allows them to increase production capacity.

On top of that, SVA has another ‘gap up’. Not a huge one. But this is the third gap up in less than a month.

And if their earnings beats expectations, there is a high chance that it could break 52 week high.

Edit: Added chart and commentary

Resistance at kumo : 7.78

Bullish indication : Tenkan sen – Kijun sen cross below kumo


Sinovac Biotech Ltd (SVA) : Obtains Third H1N1 Vaccine Order From Chinese Central Government

From Reuters:

Sinovac Biotech Ltd. announced that it has received its third purchase order for its H1N1 vaccine, PANFLU.1, from China’s Ministry of Industry and Information Technology for the national stockpiling plan.

Under this purchase order, Sinovac is required to produce an additional 5.19 million doses of PANFLU.1 (15ug/0.5ml) for the Chinese central government. Out of announced PANFLU.1 order, Sinovac is required to complete delivery of 2.89 million doses to the appointed provincial and municipal governments by the end of this year and supply the remaining 2.3 million doses for the central government stockpiling.

The latest 5.19 million dose purchase order is in addition to an initial order for 3.3 million doses and second order for 3 million doses received by Sinovac from the Ministry of Industry and Information Technology of China on September 4, 2009 and September 30, 2009, respectively, for a total of 11.49 million doses.