HAPPY COMFORT YEAR

already started on-line packing process. Really save manpower cost.
really advance.

https://www.youtube.com/watch?v=Q-g1i4A3EDk

comfort factory. Quite big, one of the building has solar roof. Really save energy cost.

later I call my fund manager to buy up

drop a bit; sudah pengsan
hahaha... small fish always small fish

mean total profit is 32 mil per quarter or 120 mil profit per year

this will create additional 24 mil profit per quarter

the 35 acres land will give them a huge jump in profit

then the price will make a huge jump

now comfort still small
wait for bonus issue and epf come in

no risk no gain. buy big gain big. sleep still sleep. no worry.

comfort awakening

next target 90 cents

who is useless now ? hahahha

useless piece of stock by ks5s..... hahahah

anytime can cross 0.80 .

this comfort very useless one.

Mr useless ncm

pls shout useless so that comfort can go up

ncm... I need some motivation speech from u

this ncm is hyperactive guy. Always looking for short-term spike excitement.
this comfort is a long-term growing stock based on good fundamental. Not the type for excitement like ncm,

Comfort Gloves Bhd - Still Going Strong

Author: MalaccaSecurities | Publish date: Tue, 17 Dec 2019, 11:36 AM
Results Review

Comfort Gloves Bhd‘s 3QFY20 net profit rose 4.9% Y.o.Y to RM7.4 mln, from RM7.1 mln a year ago, in-line with higher sales revenue, which grew 5.9% Y.o.Y to RM134.5 mln, from RM127.0 mln last year.

Subsequently, cumulative 9MFY20 also jumped 23.9% Y.o.Y to RM22.9 mln compared to RM18.5 mln earlier, while revenue increased 8.4% Y.o.Y to RM372.1 mln, from RM343.3 mln in 9MFY19.

The latest earnings were broadly in-line with our estimated net profit, although revenue outperformed our expectations and accounted for 81.2% of our previous estimated revenue of RM458.4 mln, mainly due to higher-than-expected ASPs.

Moving forward, we revised our FY20-FY21 revenue upwards by 10.5% and 12.1% to RM506.4 mln and RM538.1 mln respectively, on the back of stronger ASPs, while net profit estimates remains unchanged after some minor housekeeping in our margins, depreciation and net interest assumptions.

Prospects

Meanwhile, we expect Thailand’s largest gloves maker Sri Trang Gloves (STG) to continue its expansion activities, on the heels of its IPO debut on the Stock Exchange of Thailand by 3Q2020. We believe the group will expand its production capacity by about 20% to 30.0 bln gloves next year, from 25.0 bln in 2019. Although, the new capacity influx from STG could weigh on pricing dynamics, we think that increased competition could be limited to the latex segment for now as majority of STG’s sales are contributed from latex gloves (about 67% of total sales). To recap, CGB derived close to 85% of its revenue from synthetic premium specialty gloves in FY18, thus we also see limited negative impact to CGB from the aforementioned issue. On the upside, we expect increased market share from the U.S. markets after Washington’s tariffs hit China-made medical rubber gloves from 1st September, 2019. Increased sales, however, could be slightly capped by stronger price competition in Europe on potential trade diversion. Moving forward, CGB’s earnings growth is expected to be driven by higher sales volumes, improved margins and cost efficiency.
Valuation and Recommendation

We maintain our BUY recommendation on CGB with an unchanged target price of RM0.95 by ascribing to a target PER of 17.0x to CGB’s FY20 EPS of 5.6 sen, as we continue to believe in its solid revenue growth and earnings recovery prospects, after overcoming the FDA issue last year. The ascribed target PER remains at a discount to the PER of industry bellwethers like Hartalega Holdings Bhd and Top Glove Corporation Bhd due to CGB’s smaller market capitalisation and capacity. Potential downside risks to our call include labour abuse allegations, unexpected fluctuations in latex prices and forex movements.

Source: Mplus Research - 17 Dec 2019

but I think comfort can achieve to be a well managed company like harta

comfort have to benchmark against harta. not top glove or kossan.

the only company is consider well managed is hartalega

no wonder the director is accumulating comfort share disregard the price is up or down.
They know the future of comfort is bright.

you cock-eye kah ?

cash flow from operating activities is 35 mil versus 24 mil last year. increase 11 mil. apa lu cakap

revenue and profit continue up .
good-mah. Will hit 10 mil one day

Comfort Gloves Bhd - Growth Prospects Remain Intact
Date: 11/12/2019

Source : MalaccaSecurities
Stock : COMFORT Price Target : 0.95 | Price Call : BUY
Last Price : 0.755 | Upside/Downside : +0.195 (25.83%)


Highlights

Comfort Gloves Bhd is expected to record a better 3QFY20 bottomline on a sequential basis amid its ongoing capacity ramp-up and improved margins. In addition, pressure on the ASPs from the supply-demand imbalance in the earlier quarters is also expected to ease as glovemakers delay their expansion timeline to a later date in a bid to avoid severe oversupply.

Meanwhile, long-term sales will be supported by resilient demand and potentially higher orders from the U.S. after the latter slapped import tariffs on Chinese-made rubber gloves. Consequently, the group is expected to record double-digit growth in its FY20 net profit, although revenue will see a minor decline in FY20 due to lower sales from the trading division.

The group has paid out about 16.0%-30.0% of its profits as dividend in the last two years, which translates to a minimal dividend yield of 1.3%-1.9%. However, we did not include any dividend payout in our FY20 forecast as we concur that the group is likely to keep its cash reserves for expansion activities and working capital needs.

We maintain our BUY recommendation on CGB with an unchanged target price of RM0.95 by ascribing to an unchanged target PER of 17.0x to its FY20 EPS of 5.6 sen, as we continue to like the group’s long-term growth prospects and healthy balance sheet.

Prospects

On a sequential basis, Comfort should see an improved net profit after recording three consecutive quarters of losses, driven by increasing sales volumes and higher margins, although upsides will be capped by the unexpected gas price hike in July.

Even so, we believe that the conditions will improve in 1H2020, following lower production costs i.e.: electricity costs, ASPs normalisation and resilient demand for rubber gloves.

According to MARGMA, the export revenue for the rubber gloves industry is expected to reach RM20.68 bln next year, from RM18.2 bln forecast in 2019, due to higher demand from Asia and Africa. Meanwhile, increased operational and raw materials prices could prompt a price increase in rubber gloves in 2020; supporting revenue growth.
Valuation and Recommendation

We maintain our BUY recommendation on CGB with an unchanged target price of RM0.95 by ascribing to an unchanged target PER of 17.0x to its FY20 EPS of 5.6 sen as we continue to believe in the group’s long-term growth prospects and healthy balance sheet.

Our positive call is also premised on its still attractive valuations as the group is currently trading at forward PER of 12.0x-13.0x, which is below its two-year mean of 16.5x.

The ascribed target PER remains at a discount to the PER of industry bellwethers like Hartalega Holdings Bhd and Top Glove Corporation Bhd due to CGB’s smaller market capitalisation and capacity. Potential downside risks to our call include labour abuse allegations, unexpected fluctuations in latex prices and forex movements

yaloh... dump ncm to the volcano

I call the boss to back up

diew lia seng. why u all sell ?

the growth of the world market is 10-12 % every year. more steady growth

still the best choice is comfort

kossan is more riskier than the other rest.

harta too expensive
top glove name spoil due to social issue

he is holding some share at 1.20 the highest

comfort boss is capable one
you bet higher and riskier if you know who run the management

no one con anyone. buy or sell is ur right.
I only give my opinion that comfort is a good stock.

today the crowd is low due to public holiday in selangor tomorrow the crowd return

sudah satu tahun dia tidur saja. ini betul betul dia mahu bang

volcano mahu letuplah . tunggu apa.

faster buy the ticket
later no discount

can still buy the ticket to watch the volcano explode

don't so kan cheong to sell
the volcano just come out a bit of smoke.

this is the only volcano still active in msia. located in taiping

this volcano explosion won't kill people one. it make people happy

time to buy before the volcano explode in comfort.

this qr profit will be superb. probably 10 mil. comfort start 2020 new year with 90 cent price