Posted by Icon8888 > 2020-03-26 11:47 | Report Abuse

buy now before miss the boat

Posted by John1234 > 2020-03-26 12:55 | Report Abuse

Haha, somebody says a red candle is coming, better watch out. But technical chartists have yet to classify what "a red candle" is.

By the way, he gave a sell call, the moment the last quarterly report was out on 24/03/2020. This was probably when the price of this counter was near its lowest, at 61 sen. He might mean well, but his unsound advice might have caused some poor chaps to sell their shares at a dirt cheap price.

Of course, this counter has been up for 3 consecutive days today, after price and vol have spiked up already. Nobody can be 100% sure how much higher the banker will continue to play this counter and for how long, given the current mkt conditions.

Do your own analysis. Buy and sell at own risks.

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Stock: [COMFORT]: COMFORT GLOVES BHD
Mar 26, 2020 9:39 AM | Report Abuse
red candle coming

mrlimitdown extend movement restriction until 14-4
die-loh comfort. Sales volume down, cost high, profit very down,
25/03/2020 9:03 PM

mrlimitdown cheap is not good. sell
worst yet to come die movement restriction
24/03/2020 9:03 AM

Posted by BullRUN2021 > 2020-03-26 15:40 | Report Abuse

But I sell d la earn sikit sikit to cover lunch money, wait until market stable first, but I know comfort will always give comfort in the long run. KEEP BULL MY FELLOW FRIENDS!

Posted by hooi > 2020-03-26 21:12 | Report Abuse

Sell. Don’t get trap in this lousy counter. Other big counter build one factory one year but this lousy counter build one dipping machine one year

Posted by mrlimitdown > 2020-03-26 22:17 | Report Abuse

https://klse.i3investor.com/servlets/fdnews/248214.jsp

Posted by mrlimitdown > 2020-03-26 22:21 | Report Abuse

glove manufacturer has many foreign workers. if allow to operate 100%, govt worried msia cases of infected will be high. Sure they won;t allow 100%. Govt have to protect our own country first. They don't care other country affected.

Posted by mrlimitdown > 2020-03-26 22:27 | Report Abuse

the movement restriction cause many problem to manufacturer.
involve a lot of downtime cost. Have to buy sanitizer , facemask for workers, control here, control there... all this things involve cost.....

Posted by miker > 2020-03-27 11:04 | Report Abuse

Comfort Gloves - A Just in Time Expansion; Reiterate BUY
Author: rhboskres | Publish date: Tue, 24 Mar 2020, 5:18 PM

Maintain BUY and MYR1.08 TP, 80% expected total return, on FY21F P/E of 18x – lower than peers’ 27x 1-year forward average P/E. FY20 (Jan) earnings were within expectations. The COVID-19 pandemic has led to a global surge in demand for gloves. We think Comfort Gloves is on the right track to catch the wave given its timely commencement of new lines, ongoing research and development and capacity expansion to fulfil rising demand. We expect a busy year ahead for the gloves manufacturer.

A good close to the year. Comfort Gloves’ FY20 earnings of MYR33.2m were within expectations, at 104% of our full-year estimates. Net profit jumped 19% YoY, on the back of higher revenue (+8% YoY) and better productivity. QoQ, net profit margin chalked up to 7.4%, from 5.5% in 3QFY20, mainly due to disciplined cost rationalisation and better product mix. We believe this could also have been contributed by lower raw materials costs.
Lower net gearing position. As at 4QFY20, net gearing reduced from 0.24x to 0.16x, given pared down borrowings and higher cash piles. Assuming the majority of the cash is to be ploughed back to support business expansion, we expect FY21F DPS of 2 sen (3% yield), slightly higher than FY19’s 1.5 sen.

No change to FY21F earnings. Meanwhile, we introduce FY23F earnings at MYR46m.
Six new lines commenced in 1QFY21. 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.

Risks to our call are higher-than-expected increases in raw material prices, and heightened competition among the rubber glove players.
Source: RHB Securities Research - 24 Mar 2020

Posted by miker > 2020-03-27 11:11 | Report Abuse

PublicInvest Research Headlines - 24 Mar 2020
Author: PublicInvest | Publish date: Tue, 24 Mar 2020, 9:14 AM

Comfort Gloves: FY20 net profit higher at RM33.18m . Comfort Gloves posted a firmer set of results for the financial year ended Jan 31,2020 at RM33.18m, up 19% from the RM27.89m a year ago underpinned by stronger revenue growth. The specialty glove manufacturer said its revenue rose by 8% to RM510.74m from RM474.03m a year ago. Comfort Gloves said its emphasis on natural and synthetic premium speciality gloves will continue to provide it opportunities for growth and improvement. On the prospects for the rubber glove manufacturing sector, Comfort Glove said it remained strong with increasing demand arising from switching trends towards nitrile glove. (Starbiz)

"..... On the prospects for the rubber glove manufacturing sector, Comfort Glove said it remained strong with increasing demand arising from switching trends towards nitrile glove...."

Posted by 东方不败 > 2020-03-28 18:17 | Report Abuse

TOP GLOVE - TARGET PRICES FROM ALL MAJOR INSTITUTIONS (27 MARCH 2020)

https://klse.i3investor.com/blogs/DFBB/2020-03-27-story-h1485673007-TOP_GLOVE_TARGET_PRICES_FROM_ALL_MAJOR_INSTITUTIONS_27_MARCH_2020.jsp

Posted by Kaviyarasu > 2020-03-31 16:26 | Report Abuse

This is my thought about this stock. Let me know your thoughts once you have read it and if there is anything that I have missed in analysing this stock.

https://klse.i3investor.com/blogs/kaviyarasu/2020-03-31-story-h1485727040-Comfort_Gloves_Stock_ID_2127_A_Relatively_Undervalued_Stock.jsp

Posted by joelim17 > 2020-03-31 20:16 | Report Abuse

【独家】近郭鹤年财富50% 4手套天王身家204亿

https://www.enanyang.my/news/20190312/%E3%80%90%E7%8B%AC%E5%AE%B6%E3%8...

【独家】菜农之子跻身亿万富豪 黄德顺隐形的手套天王

https://www.enanyang.my/news/20190319/%E3%80%90%E7%8B%AC%E5%AE%B6%E3%8...

Posted by mrlimitdown > 2020-04-01 19:02 | Report Abuse

tomorrow drop to 75 sen

Posted by amet2017 > 2020-04-01 19:05 | Report Abuse

Possible.. Then back to 60 cents

Posted by Jingweihan > 2020-04-01 20:09 | Report Abuse

Back to 2017

Posted by Jingweihan > 2020-04-02 17:53 | Report Abuse

Ha..ha

Posted by miker > 2020-04-02 18:04 | Report Abuse

No way back...2020 is a glove event....

Posted by tah16600 > 2020-04-03 10:03 | Report Abuse

Very strong,look like going to break Rm 1 anytime

Posted by tah16600 > 2020-04-03 10:29 | Report Abuse

Volumes improve days after days, sign of uptrend ,break out anytime .be an early birds

Posted by tah16600 > 2020-04-03 11:27 | Report Abuse

Suppose to bull run last month technically but did no materialize due to Covid 19, now is the good chance to buy cheap. The demand for gloves was tremendous . Actually Covid 19 is a blessing for glove companys .The cheapest among the Top 5 gloves companys I can find

Posted by miker > 2020-04-03 11:51 | Report Abuse

World demands already outnumbered supply...see news of kossan have to sell land plot to add new production lines..

Posted by tah16600 > 2020-04-03 11:52 | Report Abuse

I am waiting for the breakout to buy more

Posted by miker > 2020-04-04 11:15 | Report Abuse

https://malaysia.yahoo.com/news/report-northern-malaysia-thai-border-021259036.html

Report: Northern Malaysia-Thai border to reopen — but only to allow latex imports for rubber glove production

Posted by ahbah > 2020-04-04 11:47 | Report Abuse

Accumulate bit by bit, please.

or buy on dips.

Posted by tah16600 > 2020-04-07 15:57 | Report Abuse

Very strong resistant at 88sen ,if can break through then upward trend will continue

Posted by Sansing > 2020-04-09 15:32 | Report Abuse

Lai lai loh!

Posted by Sansing > 2020-04-09 15:49 | Report Abuse

Next wk above 1 buck

Posted by Sansing > 2020-04-09 16:17 | Report Abuse

Uptrend stock

Posted by Sansing > 2020-04-09 16:43 | Report Abuse

Coming , don't say I never inform

Posted by i3bayu > 2020-04-10 00:33 | Report Abuse

Waiting for golden cross

Posted by thanos2020 > 2020-04-12 14:47 | Report Abuse

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

Posted by thanos2020 > 2020-04-12 14:49 | Report Abuse

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.

Posted by Sansing > 2020-04-12 16:36 | Report Abuse

Monday gap up

Posted by fightingdragons > 2020-04-12 21:29 | Report Abuse

Been waiting for this ride up. Catch it before it shoots up

Posted by ahbah > 2020-04-12 21:33 | Report Abuse

agreed

Posted by Connie555 > 2020-04-12 23:10 | Report Abuse

www.voanews.com/science-health/coronavirus-outbreak/malaysia-loosens-lockdown-rules-meet-soaring-global-glove%3famp Full capacity

Posted by thanos2020 > 2020-04-13 09:19 | Report Abuse

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

Posted by thanos2020 > 2020-04-13 09:26 | Report Abuse

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

Posted by thanos2020 > 2020-04-13 09:35 | Report Abuse

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.

Posted by bursagoat > 2020-04-13 10:05 | Report Abuse

covid 19, glove maker sure make money one

Posted by JN88 > 2020-04-13 10:06 | Report Abuse

Total 4.1 billion pieces gloves...maximum capacity ...how to go up?? facebook sifu start to ask student buy, becareful...

Posted by JN88 > 2020-04-13 10:10 | Report Abuse

Maximum for comfort is RM 0.9-1.....if reach you can sell.....the boss will push down the share price.

Posted by JN88 > 2020-04-13 10:11 | Report Abuse

Boss will start to take profit....

Posted by thanos2020 > 2020-04-13 10:23 | Report Abuse

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.

Posted by monetary > 2020-04-13 10:30 | Report Abuse

top glove says new orders can only b delivered by Nov in an interview. saw it in TV news 2days ago.

Posted by monetary > 2020-04-13 10:34 | Report Abuse

I think glove stock uptrend can last until 4Q20

Posted by miker > 2020-04-13 11:01 | Report Abuse

Don't worry, glove and mask will be the event theme this year...though index may be masuk longkang.....huuhuhuhu...backlog order also sulah sampai hujung tahun....

Posted by Hush77 > 2020-04-13 11:39 | Report Abuse

did kyy buy in or ?

Posted by JN88 > 2020-04-13 11:44 | Report Abuse

This counter basically goreng buy boss.....boss ESOS at 0.40 ...selling at rm 1...you dare to buy ar?

Posted by Hush77 > 2020-04-13 11:47 | Report Abuse

not sure yet... have to see if kyy or any other big player join in...
if not then just watch and see