if there is no one-off logistic cost of RM5.4 million, higher taxation and deferred taxation expenses of RM7.5 million, then the profit for 2019 is rm 40 mil compare with rm 36 mil in 2018. Mean 11% increase in net profit for 2019 vs 2018
Johnfatt comfort, kossan, topglove, supermax which pool to jump? 29/03/2019 9:10 AM
I think Comfort still have much room to go provided no more bad news. Comfort still does not have RI, BI, warrant..also a target of take over. But the best part, actually the current team successfully converted the loss making glove company to profitable one. Newbie, please read the Comfort glove history and the seal polymer taken over by Supermax....
comfort good prospect. Leong Hup doing IPO at PE 16. Comfort also PE 16. Probably Comfort's major shareholder will take comfort private with the money make from leong hup's IPO. Once taken private, they may re-list again as what they have done on Leong Hup.
Top glove becomes bigger and bigger mainly by take over, share becomes diluted, they do not actually grow the company by themself....that is my opinion...
In my opinion, the mgmt did not really handle the previous FDA case promptly and scare off most of the investors. Level of confidence was not there anymore. No doubt, revenue increased >20% but COGS also incurred >20% which is not a good sign to me. Also, I noticed the inventory has gone up too fast, which may further erode their profit margin if they face difficulty to sell. My two cents.
For FDA issue, it is not required by listing requirement to make announcement to public and only 3rd party took this chances to create havoc for self enrichment. Actual they promptly take action on this case. [If FDA issue cannot settle and lose some customers, did you see any listing companies make any announcement on losing customers?]
Who is the 3rd party - kaki goreng to make money from you and me.
When u took over a company, you will not able to get 100% customers from the targeted company coz it is very dangerous when the bargain power is at supplier side (when the supplier is too big) instead of customer.
Some customer will try to avoid the "risk" by ordering from new source and this might help some small glove companies....
FDA issue made all glove from Comfort need to be check physically instead of randomly, to remove the listing in FDA alert, supplier need to pass at least 5 shipments. After removed from the listing, there are probation period of 1 year. If the quality issue happen again in 1 year, supplier will be slapped again but in Level 2....you think it is no action?....I don't think so....
Day 31 of Fundamental Daily, YAPSS will be covering Comfort Gloves Berhad's fundamental via a short animated video. I hope it helps and please enjoy the video, see ya! #FundamentalDaily #ComfortGlovesBerhad
the more you wait for it to go down to buy low, the more it move up further. so don't wait. Buy now while it still cheap. Will break 1.00 soon and moving up above.
Yesterday was the best time for big fund push most of the retailers sell their share. 2 days ago, good news on ECRL and all related counters bull like mad. Then came a report saying that although gov restart the ECRL, the positive impact to construction is very small + Tenaga low price placement push the mkt down ....
The small bull run should be next week coz retailers all get burn in this week. Hopefully.....
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....
ks5S
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Posted by ks5S > 2019-03-26 18:07 | Report Abuse
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