Koon Yew Yin's Blog

Comfort: When to sell? Koon Yew Yin

Koon Yew Yin
Publish date: Tue, 28 Apr 2020, 09:31 AM
Koon Yew Yin
0 1,440
An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.

All materials published here are prepared by Mr. Koon Yew Yin
Following Message
As shown on the price chart below, Comfort has gone up from 80 sen to close at Rm 1.34 yesterday, an increase of about 70% in 3 weeks. The daily traded volume has been more than 50 million shares in the last few days. The price has gone up so rapidly which tempted many short-sighted shareholders to sell their holdings and hope to buy back at cheaper prices. They will be disappointed. 
 
Due to Covid 19, the demand for gloves far exceeds supply. As a result, the price for gloves continues to go higher and higher and Comfort and other glove makers are making unprecedented profit.  
 
 
In my previous article namely “Can you be trained to be a Super Investor”, I have touched on selling. Now I wish to elaborate on this question more in details because unless investors know how and when to sell, they cannot make much money. 
 
No stock can go up continuously for whatever reasons. After sometime, the price will correct due to day traders’ selling. Good share, like Comfort which has very good profit growth prospect, will continue to go up higher and higher. Never sell if the company can continue to report increasing profit every quarter. 
 
The reasons to sell Comfort shares are as follows:
  1. When Covid 19 is under control and the demand for gloves is reduced. 
  2. When the company has no more good profit growth prospect. 
  3. When the company starts to report reduced profit in one quarter. 
My aim for writing this piece is to help investors and I am not encouraging readers to buy or sell. 
 
COMFORT (2127)
Related Stocks
Market Buzz
More articles on Koon Yew Yin's Blog
Water pollution in the UK: the causes and effects - Koon Yew Yin

Created by Koon Yew Yin | Sep 06, 2024

Water pollution is a huge challenge for freshwater in the UK, impacting our rivers, streams, and lakes and the wildlife that call them home.

Johor Property Boom - Koon Yew Yin

Created by Koon Yew Yin | Sep 03, 2024

State housing and local government committee chairman Datuk Mohd Jafni Md Shukor said demand for properties in Johor has gone up since last year’s announcement about the SEZ.

KSL’s Profit Record - Koon Yew Yin

Created by Koon Yew Yin | Aug 30, 2024

KSL announced its total 4 quarter EPS of 42.3 sen and its net tangible asset (NTA) backing of RM3.86. It is selling for less than 50% of its net tangible asset (NTA). KSL is undervalued. Its share...

How Malaysia can become a Developed Nation? - Koon Yew Yin

Created by Koon Yew Yin | Aug 26, 2024

In 2012, I wrote my first book “Malaysia: Road Map For Achieving Vision 2020” which was launched by former Financial Minister Tengku Razaleigh.

How to make money from the stock market - Koon Yew Yin

Created by Koon Yew Yin | Aug 26, 2024

On 21st Aug 2024, I posted my article with the title “90% of investors lose money in the stock market”. Now I will tell you how to make money from the stock market.

90% of people lose money in stock markets - Koon Yew Yin

Created by Koon Yew Yin | Aug 26, 2024

A few years ago, one relative asked me to invest for him. I told him to let one famous professional fund manager manage his life saving. I cannot mention his name. He teaches Technical and Financial..

Why do people riot? - Koon Yew Yin

Created by Koon Yew Yin | Aug 19, 2024

On 14th Aug 2024, I posted my article “Why people are rioting across UK”. Now I want to tell you why do people riot?

How much do our MPs and assemblymen earn? - Koon Yew Yin

Created by Koon Yew Yin | Aug 19, 2024

If I knew politicians are so well paid, I should have been a politician. A few days ago, one old friend who migrated to Australia about 40 years ago, visited me. He told me that he was a Member of P..

Why are people rioting across UK? - Koon Yew Yin

Created by Koon Yew Yin | Aug 14, 2024

Riots have spread across numerous cities and towns in England, and in Belfast in Northern Ireland, over the last week in the worst outbreak of civil disorder in Britain for 13 years. Police have ma...

Can Harris beat Trump? - Koon Yew Yin

Created by Koon Yew Yin | Jul 30, 2024

The new poll, conducted between July 22-24 and released Sunday, found that Harris’s approval rating had surpassed Trump’s in Wisconsin, Pennsylvania, Minnesota, and Michigan. In Michigan, Harris was..

Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment