You are not alone.
WHY COMFORT GLOVES BHD IS THE BIGGEST BENEFICIARY FROM COVID-19?
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A picture is worth a thousand words, as u can see from the picture above that Comfort Gloves Berhad is SOLELY specialise in Examination Gloves. During the tough time like this, I believe the shortage of gloves is mainly Examination Gloves due to the nature of Covid-19, of which we have to protect ourselve especially the frontliner from the virus. If you are familiar with gloves you might know that demand for Examination Gloves is way above the Surgical Gloves, Sterile Gloves and so on. Other than that, price of Nitrile Examination Gloves might not be as high as Surgical Gloves, Sterile Gloves, and etc so I am quite firm that Comfort Gloves is able to ride on the "Surge of Demand of Examination Glove" Train!
2. KYY effect, as u can see KYY already admitted that he lost 90% of his capital in Dayang. He already hinted last week in his Gloves Post, so I think he is coming back stronger by Riding either on Rubberex or Comfort. Anyway, just my guess....
3. By quoting Tan Sri Lim Wee Chai from this post https://asia.nikkei.com/Business/Markets/Nikkei-Markets/World-s-largest-glove-maker-Top-Glove-expects-40-profit-surge
"Average sale price is expected to rise between 3.5% and 5% in April-to-June period. While raw material prices remain low, Chairman Lim Wee Chai said at a post-earnings briefing."
"The company expects to sell 15.80 billion gloves in the third quarter with sales of nitrile gloves likely to jump 20%"
Lets come out with a simple calculation, by using latest quarter net profit 10million x (123% for factor in the 20% surge of sales and also increase of sales price of nitrile glove between 3.5% to 5%) so we came out with a net profit of 12.3m which is equivalent to 2.14 cents earning per share, x 4 quarter = 8.4 cents. So by dividing the share price over the EPS, we have a PE of just 13!!!!!!!!!!!!! Imagine if market rerate it to 20PE....
8.4 x 20 = RM1.68....
So i am very firm that Comfort Gloves Bhd might have more room to go....what about you??
just my dumb investment thesis...that works for me over the years....
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Created by Connie555 | Apr 07, 2019
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Created by Connie555 | Apr 06, 2019
Discussions
4 people like this. Showing 25 of 25 comments
Ass Ass Lee long time no see, hope you are still around and the klse wave did nt engulf u. Stay safe
2020-04-16 22:16
Thumbs up, good analysis. Way better than others who like to use PE10 to value company. PE20 is the next level.
2020-04-17 06:39
Good morning my friend Connie555,
I am fine, working alternate week form home and office.
2020 the year of Metal Rat, we are all hiding in the house, out only to buy plenty of foods and eat it for several days.
2021 the year of White Metal Ox, we will need to work hard like an Ox so that by 2022 the year of Water Tiger our economy will become Tiger economy and everyone money-money come-come.
Stay home and stay safe.
Thank you
2020-04-17 07:29
Time to dump gloves stock?
https://www.cnbc.com/2020/04/16/sp-500-etf-jumps-2percent-after-hours-on-report-gilead-drug-showing-effectiveness-treating-coronavirus.html
2020-04-17 08:47
but eventually Covid 19 will go...or many of us may die
Dont worry only 2 possibilities
2020-04-17 08:50
The true is there are still hundreds of Virus in the wild waiting for their time to strike.
2020-04-17 08:55
Glove counters are the goose that lay the golden eggs for us.
Please no kill the goose. Thanks.
2020-04-22 17:06
Wow where is Ricky The ROC Yeo now...i smell some sarcasm from this guy. As i speak, comfort is trading at 1.38 now.....
Ricky Yeo Thumbs up, good analysis. Way better than others who like to use PE10 to value company. PE20 is the next level.
17/04/2020 6:39 AM
2020-04-30 19:59
Philip ( buy what you understand)
Ricky Yeo is in Australia lo. Very young man and handsome and still writing articles that sound good but have no results one la.
Of course very sarcastic, he thinks just because he emigrated to Australia he is better than the average Malaysian, not knowing that while he is earning peanuts in a foreign land and jumping from job to job, others are making millions in Malaysia, the land of the hard working asians.
He is also another one who want to start a stock competition ( 10 years woh) with me,
https://klse.i3investor.com/servlets/pfs/138504.jsp
>>>>>>>>>>
https://au.linkedin.com/in/jiayeo
2020-05-01 06:05
Wow where is Ricky The ROC Yeo now...i smell some sarcasm from this guy. As i speak, comfort is trading at 1.65 now.....
Ricky Yeo Thumbs up, good analysis. Way better than others who like to use PE10 to value company. PE20 is the next level.
17/04/2020 6:39 AM
2020-05-05 15:29
Philip ( buy what you understand) just because he emigrated to Australia he is better than the average Malaysian,
=============
what should we call it? white man penis?
whitemen write white papers and buy bonds......I make money play the only game in town........hahahaha
2020-05-05 15:53
In general, the biggest beneficiary from covid-19 is the healthcare
sector which include glove, pharmacy, medical device, chemical
(sanitizer, personal care) etc.
2020-05-05 15:59
stock market is gambling and gambling is emotion......
don't buy only game in town , buy what?
2020-05-05 16:35
why people talk so much facts and figures?
stock market is gambling and gambling is emotion......
don't buy only game in town , buy what?
2020-05-05 16:37
To gamblers, stock market is gambling, their hearts lead them to Magnum, Bjtoto.
2020-05-05 23:41
Call it condom
Is Rubberex, Supermax really the only game in town ? Hahaha
2020-05-05 23:47
Dear Connie555,
Congratulation you are my top picked for the most outstanding i3 blogger of the year 2020.
https://klse.i3investor.com/blogs/Sslee_blog/2020-12-23-story-h1538367552-My_Take_on_Year_2020_The_Year_of_Darkness.jsp
As the year 2020 comes to an end, a new beginning awaits us. The rollout of Covid-19 vaccine is a light at the end of the tunnel, but there are still long ways to go before we emerge from the darkness as each of us need to struggle between good over evil inside us to claim victories.
May good triumph over evil; light dispel darkness; wisdom replace ignorance; humility defeat hubris; love overcome hatred and peace instead of war. Let’s celebrate the return of light inside us and may the light from within shine brightly a path towards a fulfilling life, love, joy, peace and prosperity.
Thank you. I wish all a “Merry Christmas and Prosperous New Year”.
Stay safe, stay invested, stay happy and enjoy the holiday/long weekend with family.
Best Regards
SS LEE
2020-12-23 18:11
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full of substance...precise, clear and convincing....powerful cili padi article!
unlike sifu Rcky Yeo and Jon Choivo...
2020-04-16 21:10