老板买票，老板赢了。

http://www.theedgemarkets.com/article/bad-news-comfort-gloves-pushes-competitors-higher

They put CG same level with TG & Harta.
TQ for this infor.

let said in the worst case, all your glove cannot use for medical, then can sell to food ind w np1-3%.
400mil rev with 2% nm = 8mil net profit.

your product wont be totally reject in US. cannot use for medical which give u 10% net margin, then can downgrade to use in food ind whereby net margin only 3%.

200mil rev 3% nm=6m
bal outside US 200m rev 8% nm=16mil
total=22mil np.

22mil np can become pn17.

wait the smart investor sell first..

boss ask Warren Buffet to q at 0.63-0.65 n get ready for PN17.
WB said ur xpot to US on 50%. Take out 50% from here u still hv 200mil rev with 8% NP (16mil)
16mil np company to for PN17, then 30% of bursa companies in PN17 liao.

After u relesed from PN17 in 2014, FY2015 rev was 155m w 4m NP. why no re-enter PN17??

let the smart investors sell first n i will become stupid investor to buy at 0.60...

Comfort is very small compared to big 4. if need to survive, they have to be very low profile and this is the right way for good management.

if you are small and try to show off your business activities n direction, big 4 can easily nail you down n you are dead meat.

@ 避孕套和医疗手套漏洞检查的可接受质量标准（AQL） ....

GOOD, TQ.

riko, u banyak pandai.

sell sell sell. like mrcbaii said. dead counter.
but seem like still many ppl support this company. y??

yesterday i said can q at 0.68-0.70.
anyone managed to get this good offer??

how about tomorrow px??

stay tune.

if you all still worry, then just sell it n go away from here n not need here to talk about this company anymore.

y still wasting your time for a future pn17 company???

sell sell sell

if you all came across this type of FDA issue before, actually it is not a big issue lah.
Dont over excited about it. One think I need to say is American is still human and human made mistake........understand....

judge yourself

transacted vol (share) after this case appear:
4-apr = 21,724,200
5-apr = 16,455,600
6-apr = 17,059,500 (2.30pm)

total = 55,239,300 shares (10% of total share issued)
let c any substantial shareholders selling....

who want to sell, fast fast do it.
and who want to wait 2nd round, also can.

up to you.

riko vs r1ko . fake news??

when mrcbaiii ask u to keep selling, better sell. dont listen to me.
hahaha.

tmr can q at 0.68-0.70.

Normally this type of quality issue can not be just pop-up like that. it should hv already some sign from customer reject 2 to 3 mths ago mb coz by raw material issue or material issue + super cold winter there.

But funny think was that both 2 big directors keep buying share from open market back in early Feb'18 with px 1.05-1.10. I don't think it is serious issue only some parties try to blow it up to force retailer sell.

Mr. Cheang bought 565,000 shares at 1.10 ave
Dato Lau bought 755,000 shares at 1.05 ave
Mr. Sean bought 265,000 shares at 1.09 ave.

If it is a serious issue, both directors can wait until now to buy it from open market which is 30% cheaper than 1.05.

If you already sold, then can forget about this company.
If still holding, wait for 2nd waive...

prepare your bullet at 0.75.
you will be not so lucky if you can get it.

smartguy, u are right.

Basically when came to quality issue, raw material is the key then only process flow.

If it is raw material issue, then not only CG expose to the risk, other unknown companies as well if they got it from the same supply source..

Watch out....

if no confident on this company, can cut loss looking for nx.

there is 1 company EPF juz became major shareholder in Feb'18.
till now, EPF still keep buying and the big boss (with >35% share) also keep buying.
Both of them very kiasu and keep buying.

But don't happy first, px still not moving.....

bosses spent around 25sen before share consolidated 2 to 1. so their cost is 50sen.
end Jan'18, Esos at 93.5sen.

so now share px 82sen. spent 4 yrs with 10% annual return??

this is bad return for rich people...

px stable liao. can pick up.
after pick up, go sembahyang kuat kuat...

Based on the future market opportunity, this company has put more attention on Asia mkt especially China market and the US FDA impact will not as bad as what market think.

North America glove usage= more than 100pcs/population.
China glove usage = less than 10pcs/population.

With China GDP is growing + their middle income group (400mil people) and still growing, their glove demand increase 3 times will make whole world supply big shortage....

COMFORT 2 big bosses, pumped in total of RM40mil in 2014 purpose to create this problem for them to loss money after they have put lots of hardwork on it?????

2016 new factory on fire.
2018 glove got quality issue mb from new production lines??

应该是没好好拜拿督公吧?
再不拜，2019再多一单。。。。。。

https://view.inews.qq.com/a/20180302A1H74T00

https://mbd.baidu.com/newspage/data/landingshare?pageType=1&isBdboxFrom=1&context=%7B%22nid%22%3A%22news_9481499450950771837%22%2C%22sourceFrom%22%3A%22bjh%22%2C%22ssid%22%3A%22%22%7D

[For positive thinker]
Most of WF followers who follow him since 1990s now can go to Holland via own purchased private jet.

[For negative thinker]
Congra for those who didnt follow WF and not able going to Holland via own private jet.

Njoy

TQ. Sad to say u are not from Super rich group.
Njoy.

dont think CG boss will sell the company coz in glove industry, if develop probably they can become super rich group in 15yrs time. Msia top 40 richest ppl, 3 from glove.

Seems like the boss prefer become super rich (>RM1b), then we can become rich also.
good luck.

Buy Buy Buy, good result then px hit 1.50. Then all can go Holland n Europe by 1st Class Spore Airline for holidays...

oh bad result? thats y big bosses keep buying the share in last mth try to show that the result is good.....mb. juz njoy...

next week school holidays. so sell to get money for family holidays...

Harta proposed the 7th plant for their NGC with capex RM250mil.
That means they are able to smell that the future glove demand is still very robust.

Good sign for glove ind.

Major water supply cut in Klang Valley for abt 3 days especially in Klang area whereby it is consider production center for glove...

reading pleasure [2]


https://mbd.baidu.com/newspage/data/landingshare?pageType=1&isBdboxFrom=1&context=%7B%22nid%22%3A%22news_9481499450950771837%22%2C%22sourceFrom%22%3A%22bjh%22%2C%22ssid%22%3A%22%22%7D


https://view.inews.qq.com/a/20180302A1H74T00

TQ.

OCK is just a mid-cap company but lots of institutional funds are interested on it.

Zai-Zai, how about shareholding stake for Great Eastern & AIA compare to FY2016?

the problem start when they don't carried-out sufficient "due diligence" process while talking to the potential seller on this assets.

Recently the CEO said "... After we took over, we found a lot of wells had been kept idle for too long due to the oil px scenario, therefore they had dried up...."

That means during the S&P agreement, they only listen to what the seller said and never hire consultant to test one well by one well see got oil or not.

And they only hire new consultant in CQ4'17 timeline.

So he is a fund manager type of CEO and not Operating type of CEO ( he an get the fund to support him but not to carry out the operation).

suspect a very big fund slowly accumulate CG n if it is true, it will become substantial SH in 3 mths time..

haha, expecting 2 scenarios:

[Good]
managed to clear all pending qty due to bad weather in CQ3 + all output in CQ4.

[Bad due to super cold weather]
a) Oil tanker cannot sail due to sea frozen if they export via sea....

b) Oil flow true the pipe for export get frozen and cannot flow.....


v can get the answer after 5pm.
Njoy..

Sometimes EPF not making so call smart move bcoz it is their commitment to the country like their investment in Felda ( They have no choice).

But who is OCK to them, if EPF have other chances, why they need to come here n they don't hv any commitment to be here as well??

Further more, the share px keep dropping from 90sen in CQ4'17 till now and they are averaging down the px, that means they are lossing money for the additional 2-3% stake they took during 6 to 9 months time......

One more interest movement from OCK is their boss immediately declare intention to trade during closing period n purchase 5k lots of share in the next day...

haha. only time can tell...

CQ3'17 = Jul-Sep (before winter) = bad weather.

CQ4'17 = Oct-Dec (winter comming) = good or bad weather there??

if turn negative, pls sell before px go down to 2016 PP pricing.
look for other opportunity.

Huge q buy support at 0.80. Suspect is from very big fund.

EPF investment strategy. There hv 3 types of companies in the mkt name: Big-cap, Mid-cap & Small-cap.

EPF always become substantial SH for good big-cap companies like Axiata, TopGlove (TG)...

For Mid-cap especially those below RM1b mkt cap, it is abnormal for EPF to become substantial SH as normally they only hold 1-2% stake.

This is what it puzzle me why they interested in this mid-cap co or they foresee that OCK mkt cap will hit >RM1b in FY18??


Further more, before 2008 mkt crash, EPF stake in TG (Mkt cap reach 2b in 2007) only less than 2%. But their thinking changed after the crash as they foresee that TG is the company that can growth in the future.

FY2017 result is over then EPF came into picture.
EPF is targeting FY2018 result and they can foresee the result would be impressive.
If not, how EPF can make money to pay 6.9% div in 2017 then est 6.5% for FY18.

Cash flow is not a concern as if there is a problem, instead of EPF bought from open market, OCK will give placement to EPF ( this is what happened to edotco as they need more cash to run the business)

Net Ops CF = +18mil. The biggest impact on Net CF is the acquisition of subsi (-213mil).

So for CQ1'18, this -213mil (as well as huge current year borrowing at CF statement) will be disappear and will show very strong CF and this is what EPF is looking at.


If your strategy is 2-3yrs, then not much to be worry.
If your strategy is buy today then sell tomorrow, then this is not your company.

Njoy.

http://www.theedgemarkets.com/article/we-will-be-back-black-year-says-reach-energy


Boss said will return to black in FY2018.
So the chances of profit in CQ4'17 is very slim.
For those tak boleh tahan, can sell.
For those who can imagine the success of this company, can continue to hold.....


Note:

See then believe
or
Believe then see

I personally think the future cash flow should be OK.
How can it be OK? The supporting point is OCK can reduce SEATH operating cost at least 20% compared to previous owner.

Hopefully it is correct...

some edotco shareholders:

[a] khazanah = pumped in US$200mil for 10.7% stake
[b] KWAP = invested US$100mil for 5.4% stake.


for EPF, so far only invested 43.6mil share in OCK (assume @0.90/share, only RM40mil or US$10mil @ forex RM4.00)
only kacang putih amt compare to the above 2.

If they just up the stake to 15%, what will be the price by that time?

EPF satisfied with the presentation made by OCK top management and this has boost OCK boss confidence on their tower business strategy overseas.

The good news from here is that once EPF become substantial shareholder in any companies, lots of funds will join...

Good luck.

time will tell someone y the px pattern keep moving down when epf start buying till they become sustain shareholder.

Some main shareholders:

Axiata:
a)Khazanah = 37%
b) EPF=14%
c) KWAP=3.5%
d) LTH=2.6%

Edotco:
a)Axiata=62%
b)Khzanah=11%
c)KWAP=5.4%
d) Bal=Japs company.

Khazanah + KWAP also hold directly on edotco but not EPF.
There must be a reason why EPF keen on OCK instead of edotco.
I think 1 thing get EPF attention on OCK is good in cost control & keep bringing down especially field operating cost although they have high amt of loan.

Note:
EPF also become sustaintial shareholders for ECOWLD this week and ecowld share px pattern same as OCK, price keep dropping when EPF top up their stake....

WHY??

below is just scenario study on comfort future business activities:

[a] matang plant
need at least 2-3yrs to 100% complete new plant + machinery and run 100% cap.
current cashflow + future bank loan can support this activities.
mb they can hit 7b cap.

[b] batu gajah propose plant
it might be 5 yrs later and possible double up the cap become 15b.
possible need cash call for this expansion.
cash call can be done with:
= private placement or RI
= have BI on share and warrant this year with warrant expiry date 5 yrs later.

for better understanding on their expansion, can ask famous fortune teller in perak. hehe...
Njoy