Business must be run. i believe management have a good move. poor quality or not, the company sure need to enhance and meet all the compliance based on FAD guideline after this incident.
Insider told me that their newly land bought from nestle at Batu Gajah Perak already installed with gas pipeline as Perak govt is connecting gas pipe from lumut until that industrial area.it is matter of time comfort going to build new plant and continue with expansion. That area of 30 acre can build plant that have capacity of 15 billion pieces per year. Super growth coming for comfort.
The worst is over for comfort, one off shipping cost due to shipment issues. FDA issue completely resolved for new acquisition by Pacewell Asia Sdn. Bhd. (“Pacewell”). Smart management by doing this acquisition. Thumbs up. People create panic said limit down, anyway I believed the worst is over.
and that reason must be able to sync with data, the costing and whatever expenses incurred. acquisition doesn't come free. it needs money, time and many other regulatory process before everything back on track. time is your enemy.. think wise.
Haiyaakkk gua ingat glove pinya counter sulah susah mau nyatuuh maa. Big brothers pinya semua sulah tuju langit. 2019 will be more exciting for glove counters. Ramai olang buang, lagi lamai olang beli.
can buy on technical gain only, in term of earnings, next quarter will be bad too. why? because next qtr rpt is for Aug, Sep & Oct where FDA issue yet to be solved.
RHB Gives COMFORT A Neutral Comfort Gloves Neutral (Maintained) Target Price: MYR0.87 Price: MYR1.00 A Disappointing Quarter Market Cap: MYR562m Bloomberg Ticker: CG MK Maintain NEUTRAL, new TP of MYR0.87 (unchanged 14x FY19F P/E) from MYR0.76, -9% total expected return. Comfort Gloves’ 1HFY19 core earnings of MYR11.4m came below expectations.
The underperformance was mainly due to one-off logistics expenses of MYR4.4m. We trim FY19F earnings by 4% on higher selling and marketing expenses but lift FY20-21F by 14%, after updating USD/MYR and sales volume assumptions.
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Report Abuse
Please Sign In to report this post as abuse.
Market Buzz
No result.
Featured Posts
MQ Trader
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
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....
fujiapple
241 posts
Posted by fujiapple > 2018-09-29 00:06 | Report Abuse
Business must be run. i believe management have a good move.
poor quality or not, the company sure need to enhance and meet all the compliance based on FAD guideline after this incident.