THE INVESTMENT APPROACH OF CALVIN TAN
3 THINGS YOU MUST KNOW ABOUT GLOVES & PALM OIL FROM COMFORT GLOVES VERSUS UMALACCA RESULTS, Calvin Tan
calvintaneng
Publish date: Fri, 17 Dec 2021, 10:49 PM
calvintaneng
0 1,791
Hi Guys,
I have An Investment Approach I which I would like to all.
I have An Investment Approach I which I would like to all.
Dear friends
As this title implies Gloves are losing almost 50% while Palm oil profit up 500%
See these 3 Important Facts
1) Comfort Glove's profit dropped by almost 50% while Umalacca profit jumped up by 500%
See
COMFORT GLOVE
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
Three Months
|
Three Months
|
Nine Months
|
Nine Months
|
||
|
01 Aug 2021
To |
01 Aug 2020
To |
01 Feb 2021
To |
01 Feb 2020
To |
||
|
31 Oct 2021
|
31 Oct 2020
|
31 Oct 2021
|
31 Oct 2020
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
220,930
|
276,688
|
1,266,401
|
627,547
|
| 2 | Profit/(loss) before tax |
49,036
|
117,526
|
547,480
|
196,654
|
| 3 | Profit/(loss) for the period |
45,850
|
90,329
|
413,807
|
149,465
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
45,850
|
90,329
|
413,807
|
149,465
|
| 5 | Basic earnings/(loss) per share (Subunit) |
7.90
|
15.50
|
71.29
|
25.64
|
| 6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
6.00
|
1.50
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
1.6000
|
1.0000
|
||
Both Revenue & Profit have dropped from Year to Year
UMALACCA
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
31 Oct 2021
|
31 Oct 2020
|
31 Oct 2021
|
31 Oct 2020
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
143,854
|
97,949
|
258,722
|
184,735
|
| 2 | Profit/(loss) before tax |
48,343
|
9,902
|
75,597
|
11,808
|
| 3 | Profit/(loss) for the period |
36,571
|
6,326
|
57,852
|
9,064
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
36,096
|
7,433
|
56,941
|
10,987
|
| 5 | Basic earnings/(loss) per share (Subunit) |
17.21
|
3.54
|
27.14
|
5.24
|
| 6 | Proposed/Declared dividend per share (Subunit) |
5.00
|
3.00
|
5.00
|
3.00
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
6.4700
|
6.2400
|
||
Revenue Up & Profit jumped 500%
This shows clearly that while Gloves are earning less and less profit Palm oil is earning more & more profit
WHY?
This brings us to 2nd Answer
2)VERY INTENSE PRICE WAR IN GLOVES DRAG DOWN SALES WHILE STRONG PRICE SUPPORT FROM COMPETING CANOLA/SOYOIL PUSH UP CPO PRICES
GLOVES NO BARRIER TO ENTRY WHILE PALM OIL HAS HIGH TIME BARRIER TO ENTRY
Gloves are made in Malaysia for decades but NOT THE GLOVE AUTO MAKING MACHINES WHICH ARE IMPORTED FROM CHINA
Since China saw Malaysia Minted New Glove Billionaires they came to join the party in BIG WAY
Just 4 months are needed for China to set up new Glove Factories & start Production - Resulting in very fierce competition against all gloves entities every where
See what Comfort gloves reported
The Group anticipates that the business environment will be challenging in immediate term as the competition will be very intense despite the weakening glove demand.
The ASP has been softening continuously due to the increase of gloves supply.
Read again:
Competition wil be very intense
ASP has been softening continuously due to the increase of gloves supply
That is the downtrending direction of gloves which might swing to losses later if prices thrown down below cost of production in next few quarter results & longer
Palm oil on the other hand is supported by Very Very high Prices of competing Vege OIl like Canola & Soybean oil
See Canola oil Chart
Now unlike Gloves which any Tom, Dick or Harry in China could set up in just 4 months & start churning out Gloves by the Billions it takes at least 4 to 5 years to find & clear lands & plant Oil Palm seed to harvest
So there won't be any new competition till year 2026 at the very least. And Next year New Renewable Energy Demand by New Biodisel Refineries for biodisel will further support Canola oil, Soyoil as well as palm oil prices
This shows that Glove will show decreasing profits while Palm oil profits will see exponential growth
That brings us the 3 Facts
3) GLOVE INSIDERS ARE SELLING AND PALM OIL INSIDERS ARE BUYING
See COMFORT GLOVES
| TAN SRI DATO' LAU ENG GUANG | 29-Nov-2021 | Disposed | 630,000 | 0.327 |
 |
| TAN SRI DATO' LAU ENG GUANG | 15-Nov-2021 | Disposed | 400,000 | 0.259 |
|
| TAN SRI DATO' LAU ENG GUANG | 12-Nov-2021 | Disposed | 420,000 | 0.240 |
|
| DATO' LAU ENG GUANG | 18-Oct-2021 | Disposed | 650,000 | 2.256 |
|
| DATO' LAU ENG GUANG | 12-Oct-2021 | Disposed | 410,000 | 0.250 |
|
| DATO' LAU ENG GUANG | 21-Sep-2021 | Disposed | 800,000 | 0.369 |
|
| DATO' LAU ENG GUANG | 17-Sep-2021 | Disposed | 270,000 | 0.378 |
|
| DATO' LAU ENG GUANG | 10-Sep-2021 | Disposed | 2,500,000 | 0.396 |
|
| DATO' LAU ENG GUANG | 08-Sep-2021 | Disposed | 1,300,000 | 0.378 |
|
| DATO' LAU ENG GUANG | 07-Sep-2021 | Disposed | 270,000 | 0.445 |
|
| DATO' LAU ENG GUANG | 03-Sep-2021 | Disposed | 700,000 | 0.462 |
|
| DATO' LAU ENG GUANG | 27-Aug-2021 | Disposed | 400,000 | 0.522 |
|
| DATO' LAU ENG GUANG | 25-Aug-2021 | Disposed | 1,000,000 | 0.523 |
|
| DATO' LAU ENG GUANG | 24-Aug-2021 | Disposed | 300,000 | 0.520 |
|
| DATO' LAU ENG GUANG | 20-Aug-2021 | Disposed | 350,000 | 0.529 |
|
| DATO' LAU ENG GUANG | 18-Aug-2021 | Disposed | 405,900 | 0.536 |
|
| DATO' LAU ENG GUANG | 18-Aug-2021 | Disposed | 550,000 | 0.539 |
|
| DATO' LAU ENG GUANG | 17-Aug-2021 | Disposed | 374,100 | 0.527 |
|
| DATO' LAU ENG GUANG | 13-Aug-2021 | Disposed | 250,000 | 0.535 |
|
| DATO' LAU ENG GUANG | 13-Aug-2021 | Disposed | 750,000 | 0.543 |
|
| DATO' LAU ENG GUANG | 12-Aug-2021 | Disposed | 700,000 | 0.544 |
|
| DATO' LAU ENG GUANG | 12-Aug-2021 | Disposed | 500,000 | 0.547 |
|
| DATO' LAU ENG GUANG | 11-Aug-2021 | Disposed | 1,500,000 | 0.519 |
See UMALACCA
| MR TEE CHENG HUA | 16-Nov-2021 | Acquired | 2,500 | 5.200 |
|
| MR TEE CHENG HUA | 15-Nov-2021 | Acquired | 11,000 | 5.216 |
|
| MR TEE CHENG HUA | 08-Oct-2021 | Acquired | 11,800 | 5.090 |
|
| MR TEE CHENG HUA | 01-Oct-2021 | Acquired | 1,000 | 5.040 |
|
| MR TEE CHENG HUA | 30-Sep-2021 | Acquired | 3,200 | 5.040 |
|
| MR TEE CHENG HUA | 29-Sep-2021 | Acquired | 1,000 | 5.000 |
|
| MR TEE CHENG HUA | 28-Sep-2021 | Acquired | 34,700 | 4.931 |
|
| MR TEE CHENG HUA | 27-Sep-2021 | Acquired | 1,500 | 5.053 |
|
| DATO' SRI TEE LIP SIN | 19-Aug-2021 | Acquired | 30,000 | - |
|
| MR TEE CHENG HUA | 19-Aug-2021 | Acquired | 30,000 | - |
|
| DATO' SRI TEE LIP SIN | 18-Aug-2021 | Acquired | 30,000 | - |
|
| MR TEE CHENG HUA | 18-Aug-2021 | Acquired | 30,000 | - |
|
| MR TEE CHENG HUA | 17-Aug-2021 | Acquired | 45,700 | - |
|
| DATO' SRI TEE LIP SIN | 17-Aug-2021 | Acquired | 45,700 | - |
|
| MR TEE CHENG HUA | 16-Aug-2021 | Acquired | 25,000 | - |
|
| DATO' SRI TEE LIP SIN | 16-Aug-2021 | Acquired | 25,000 | - |
|
| DATO' SRI TEE LIP SIN | 12-Aug-2021 | Acquired | 45,300 | - |
|
| MR TEE CHENG HUA | 12-Aug-2021 | Acquired | 45,300 | - |
|
| DATO' SRI TEE LIP SIN | 11-Aug-2021 | Acquired | 15,600 | - |
|
| MR TEE CHENG HUA | 11-Aug-2021 | Acquired | 15,600 |
A VICTORIOUS ARMY CHARGE FORWARD IN CONQUEST LIKE PALM OIL WHILE A LOSING GLOVE RETREATS AND RUN AWAY
BEST REGARDS
Calvin Tan
Please buy or sell after doing your own due diigence or consult your Remisier/ Fund Manager
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Created by calvintaneng | Apr 06, 2024
Discussions
Be the first to like this. Showing 9 of 9 comments
Do the opposite ?
Insiders sell, I buy ?
Insiders buy, I sell ?
Korrect ?
But can I know more than the insiders n go against them ?
2021-12-18 14:49
Time to consider Palm Oil
Palm oil November results all up because Cpo average price for July to Sept 2021 was Rm4,417 a ton
February 2022 for Palm oil results will be even better because October to November 2021 Cpo crossed World Record price of Rm5,000 & December 2021 average also above Rm4,417 should be the best ever
2021-12-18 22:47
Since got flood in Peninsula better Buy these Palm oil Companies in Sabah & Sarawak : SOP, TAANN & TSH
2021-12-19 23:08
Comfort net cash better give all back to shareholders or else further expansion will deplete cash & later face lean times no more money left.
For Palm oil it will be flowing in with lots of Cash like Niagara Falls
https://www.youtube.com/watch?v=R0rU18uPs4o
2021-12-19 23:18
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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ahbah
Thank you. I now got know oredi.
Action : Follow the glove insiders' action n sell glove stocks like them ? Follow palm oil insiders' action n buy palm oil stocks like them ? Korrect ?
2021-12-18 12:08