The run has just started. Foreign fund managers are back to mop up shares in Comfort. Let them do the push-up work. We can now sit back and sip our coffee.
I strongly believe they will not sell until Comfort hits the min of RM4.96

Expected EPS ( Jan 2022) of RM0.62
X
PE multiple of 8

= RM4.96

Today's closing is only RM2.41

If they think it makes profit sense to sell low and buy high, why not?

You mean they shoot themselves In the stock market?

It is RM2.36 now. Going yo hit RM3.40 soon

Good chance Comfort will hit RM2.40 level today.
The buying seems persistent.

The ancient TP of RM0.50 has been there for a long time. Its just a silly number to laugh at.

Short sellers swallowed alive this morning. Just wonder how many are left.

At RM2.32 this morning, Comfort looks like a beauty pageant again today.

Have a profitable day.

It is normal for a company issuing convertible warrants to put the conversion price as high as possible ( but still looks reasonable to the investors). It is in their interest to raise as much cash as possible from the exercise. To justify a higher conversion price the mother share price needs to be high too. What do you think the company would do?They have to push up the price of the mother share to justify a higher conversion price.
This is the simplest and most logical thing for the company to do before they fix the conversion rate.

On this reasoning, you can expect the mother share price to move up significantly soon. This clearly explains why it only fell 2 cents today when all the other glove counters suffered a much bigger fall.

Only the smarter players who can read the game are buying today.

I am not surprised if more buyers will chase after Comfort shares next few days.

Any room for the short sellers? Your guess is as good as mine.

All glove counters tumbled except for Comfort which was only 2 cents down on last minute trade. What does that say about Comfort?

You only have to pay when u want to convert to mother shares, normally within 5 years. Otherwise you can trade on the free warrants given to you.

Where is that guy with red undies? Has changed it to green undies?
That is the problem with people who cannot understand the logic of low PE multiple. How to make money by shorting shares with low PE multiple? May be they learn from JPM?

Goldberg: i tend to agree with you but i strongly feel it will eventually come back to RM4 to RM4.50

Close RM2.28, up 4.11%. Bravo!

Target price tomorrow is likely to be RM2.40 - RM2.50

Up 3.65% today. Comfort is the best performing glove counter today. Bravo!

May hit RM2.30 on closing

Buyers turn aggressive. Now shorties panicking.

Persistent nibbling by the buyers at 2.24/2.25 lebel is a sign that there are people collecting Comfort at these prices which gives support to the counter.

You mean there is a typing error i.e. it shld be 4/1 onstead of 1/4?

At RM2.31 the PE multiple is still low at 4.5x only. That is why fund managers are buying aggressively.

Aggressive buying by fund managers. Shld hit RM2.50 by end of today.

The people who sold Comfort shares on Friday are basically the day traders and short term T-3 players. That was why the traded volume shrank from 30+ million on Thurday to 15+ million units on Friday. Tomorrow ( Monday) the fund managers who missed the buying on Thursday and did not buy enough on Friday are likely to pick up more Comfort shares.
Comfort is not likely to drop much tomorrow but more likely to go up instead.

See all of you at 9.00 sharp tomorrow.

Why you sell then Youngkid?

You see it is 2.24/2.25 now. Its on the way to 2.30 next

Big fund managers do not" buy today and sell tomorrow". So the sellers today are small players only. Of course the cleverer big funds will push it down to buy. Or the major shareholders and their syndicate also help to queeze the weak holders out.

I just added at RM2.20 minutes ago. It shld close nearer to RM2.30 today.

Good luck to all.

This presents a good opportunity for long term players to buy if they missed it yesterday. Sure there are many fund managers who missed it yesterday morning.

Don't worry. Only weak holders or T+2 players selling out. Thar is why vol only 14mil today compared to 30+ million done yesterday.

Nothing to fear. Its just common sense.

At RM2.27 the PE multiple is only 4.6 Still very cheap. Fund managers who are long term players are still buying at these prices.
Only the short term and T+2 players are selling. These are low-margin players and they will disappear after a while and come back later to buy at higher prices from you and me. They belong to a diff class of players.

I believe the price run-up from now PE multiple of 5 X to 7X will be very rapid and then pause at around RM3.45 level.

Perhaps you may like to read these numbers:
The EPS for y/e Jan 2022 is around 62 cents and i am convinced that a more sensible PE multiple would be maybe 11× which gives a fair value of RM6.82 ( quite close to Maybank's initial TP. PE multiple of 11 is nothing compared to many other sectors where their PE multiple is easily 30 to 40X

Nicnic shld be able to get his money back. But the shorties hate to read these.

2.37 already. Many people are stuck at 4 to 5 if they bought very early

There is a slim chance it will hit RM2.50 by 5.00 pm, then TimerCheng can sell. His TP, i think.

All the shorties have disappeared into the thin air. They shld come back when Comfort touches RM6.80 TP set by Maybank ( i think) Research.

Looks like most of us laughing all the way to the bank except the shorties. I managed to add abit more at RM2.10 early this morning. I can contra that off and get free lunch and dinner today.

What a happy day!

Yeh! RM2.20 done

Good start for the the day. Looks like it will hit RM2.30 end of the day.

Shorties buying back. Haha!

If Comfort opens above RM2.10 sure there will be panic buy-back by the shorties.

Sit back and enjoy your day.

The syndicate is capable of pushing the price by 20 - 35 cents in a trading day. Let us see if they will do it tomorrow.

Sure many are excited about the prospects of this counter making a big jump tomorrow morning.

But don't lose sleep over this. Tomorrow will be another exciting day for most of us.

At the rate it is going up then it shld hit the min TP of RM2.50 by this Wednesday. The shorties are happy and ready to by at that price.

It shld go above RM2.10 tomorrow. Bravo!

It looks like the short sellers are losing out to the syndicate who are pushing up the closing price.

The Company and their directors are piling up to buy at RM2 and they are not likely to sell unless they can make at least 25-30% which means this round the price is likely to hit at least RM2.50-RM2.60.

This would happen once they have finished buying. I guess is anytime soon.

I can imagine some already shit in their pants and dirty their red undies by now.

Wow! RM2.07

There are still a few small short sellers around but they are fighting a losing battle. They are not thinking straight.

I noticed that each time the syndicate pushes the share price, it will move abt 70 cents. So there is still room to pick up.
Enjoy your day, brothers and sisters.

So the undie still continue to be green. Don't change it. Wear it for a few more days.