1.41...nice, those who sold early and keep screaming langit runtuh in hope of picking up cheap, probably giler by now...

no impact at all on current glove company's performance for 2020 (huge orders already secured till year end), research stage/clinical trials of drugs will take 1.5-2yrs min...many companies already reported promising results at the beginning, all end up as a dud when start clinical trials...

alamak....bad news for those who sold early and screaming everyday it will collapse/end of play already. Tomorrow I think they will be screaming even louder/thumping chest/pulling out their hair coz it continued to go up higher although they were screaming doom/gloom. Mayb they shld just leave tis comfort forum and focus on their potential counters instead.

will resume uptrend...

@joyvest keeps screamin going down...comfort keeps going up...haha

https://www.nst.com.my/business/2020/04/588475/rubber-gloves-stocks-outperforming-not-time-profit-taking-yet

KUALA LUMPUR: Shares of rubber gloves companies have outperformed Bursa Malaysia's FBM KLCI but it is still not the time to take profits, Affin Hwang Capital said.
The firm noted that year-to-date, the rubber gloves sector had gained 43.9 per cent to outperform the Benchmark index by 57.8 percentage points.
"Demand for rubber gloves continues to surprise us on the upside, as some manufacturers have locked in orders until the end of 2020.
"Although manufacturers have increased their utilisation to above 90 per cent, it is still insufficient to satisfy the spike in demand," Affin Hwang said in a report today.

https://www.thestar.com.my/business/business-news/2020/04/29/ee-players-laud-govt-decision#cxrecs_s

Good news for all manufacturing approved by MITI. Tomorrow full scale production...

https://www.malaymail.com/news/malaysia/2020/04/28/azmin-ali-govt-allows-economic-sectors-to-resume-full-operations-tomorrow/1861019

haha.. run..go down 0.45?. Looking at the huge vol for the last 2 days, institutional fund managers are collecting...something is brewing la...I would buy more...

Additional lines will be in the pipeline in view of the continued increase demand of gloves from 2020-2021

Comfort's current max capacity is 5.4billion pcs of gloves with new 6 lines opened already in Feb 2020.

https://www.thestar.com.my/business/business-news/2020/04/17/rubber-products-makers-relieved-smes-can-resume-ops

No problem for sure, I think Comfort already obtained MITI approval for full capacity production since they are under critical sector category...

JHM resumed 70% operation in tis 3rd MCO. Why shld we run?

https://www.theedgemarkets.com/article/global-rubber-glove-demand-expected-grow-8-10

https://www.theedgemarkets.com/article/rubber-glove-exports-expected-hit-rm20-bil-year

ttps://klse.i3investor.com/blogs/valueseek/2020-04-16-story-h1506012669-WHY_COMFORT_GLOVES_BHD_IS_THE_BIGGEST_BENEFICIARY_FROM_COVID_19.jsp

Harta PE (64x), Topglove (45x), and after yesterday's surge Comfort PE still ard (18x). No brainer here which to buy in..

https://klse.i3investor.com/blogs/kiasutrader/2020-04-16-story-h1505991434-Did_Comfort_Fulfill_Uncle_Golden_Rule.jsp

Given the increasing demand for medical gloves, it is evident that Comfort Gloves will continue to deliver a strong financial performance especially for the Calendar Year 2020. The closing price as at 30 March 2020 is RM0.82 indicating a 54% discount to the minimum fair value of its share price (RM1.26). Remember, that number hasn't even incorporate the rapidly rising demand for medical gloves.

I think we have seen many 'promising drugs' such as combo HIV antiviral drugs, hydroxychloroquine, EIDD-2801, etc against covid...so far the infected keeps increasing in Europe/USA. Glove companies revenue already assured for the next 6-8mths due to the backlogged orders. Glove demand drop? definitely not for 2020...

Comfort's current max capacity is 5.4billion pcs of gloves with new 6 lines opened already in Feb 2020. I am sure Comfort will be opening additional lines in view of the global shortage. Not sure why JN88 keep hammering comfort without proper facts and promoting Kossan which he claimed is undervalued (P/E 32). Looking at the vol of comfort of 66mill shares traded you would know that fund managers and perhaps KYY already bought into tis counter which is still the most undervalued glove counters among all of them still and strong 2 consecutive quarters of growth. Still alot of upside...

Carepls: Disastrous consecutive quarters. Supermx: PE too high already
Comfort: Increasing profit for 2 consecutive quarters/PE 15 (closest match to golden rule)

Uncle Koon Golden Rule:
The company must report increasing profit for 2 consecutive quarters and the price is selling below P/E 10.

The company aggressively buying back their shares at 78-89.5sen shows that the management opined the current share price is way undervalued and worth buying back. With MITI allowing more industries to reopen, JHM as a supplier of automobile/aerospace LEDs will definitely be granted this permission to reopen. MITI site had already crashed with over 100K applicant's submission to reopen.

KUALA LUMPUR - Malaysia, the world's top rubber glove maker, is apparently relaxing a partial lockdown of the country so that factories can return to full staffing and help fend off a global shortage of the critical protective gear for health care workers battling the coronavirus pandemic.

Malaysian glove makers warned last month of a global shortage because of the lockdown.

However, according to a March 27 letter to its members from the Malaysia Rubber Glove Manufacturers Association, the Ministry of International Trade and Industry gave way late last month at a meeting with the association, allowing glove factories to return to full staffing as of April 1.

The six new lines commenced operation in Feb 2020. This, alongside the existing 49 production lines in the two plants in Simpang and Matang, Taiping, are running at close to full capacity, which collectively can produce between 430-450m pieces of gloves/month. In our view, the commencement of the new lines was timely as it helps to cater for both existing demand as well as the global surge in demand – arising from the unexpected outbreak of the COVID-19 pandemic. Beyond current expansion, we believe more capacity may be added in the future, as the company had acquired about 39 acres of land in Perak in 2018 that can potentially house more capacity ahead. As demand for nitrile and specialty gloves increase, the potential capacity expansion could help to capture more market share moving forward, in our view, given its niche in the premium specialty gloves segment.

https://www.malaysiakini.com/news/520013

Malaysia has relaxed rules on rubber glove makers, allowing them to return to full-staff strength, with conditions, to meet urgent global demand in the wake of the Covid-19 pandemic.

Looking at the volume tis morning...some deep pocket investors or institutions are already picking up tis undervalued counter

KYY hv a knack in picking undervalued company when he sees it..dun missed out in the action...

As mentioned by many incl KYY, comfort has the lowest P/E of 15 compared to the rest of the glove counters...alot of upside for comfort since all glove factories are experiencing huge backlogged orders.

https://klse.i3investor.com/blogs/koonyewyinblog/2020-04-12-story-h1505927977-Glove_share_prices_shooting_up_Koon_Yew_Yin.jsp

US lift bans on previous glove manufacturers to meet their demand for gloves for the pandemic. All glove companies will capitalized on this surge in demand incl comfort. Will have fantastic numbers at least for 2-3 more quarters to come

Jhm not even into chip/wafer biz...not sure why dropped so badly as compared to the rest of the semicon who is into chip/wafer manufacturing...so strange

#EatCoconutCanWin. Suggest you read their 2018 annual report before making such false statement. JHM biggest overseas customers are from the USA, Spore and UK

https://www.thestar.com.my/business/business-news/2020/01/28/malaysias-glove-makers-get-urgent-request-from-china

The CEO lah
.....https://www.bloomberg.com/profile/person/15175130

too many ppl cashing in for CNY angpows...looks like loss momentum already..

jhmgogo2020...i sailang bcoz of u..u simply say only? OMG. haha..just kidding..