comfort is now in "comfort zone" . next quarter result will be very good... latex price low, us dollar strong, ...... ALL THE GOOD THINGS ARE WITH COMFORT
will expect comfort net profit increase at least 25% next quarter from 4 million to 5 million . not bad for company just of of pn17. Current production output is about 1.2 billion pieces annually. Will expect to ramp-up to another 1.2 billion in another 1-2 years time. Then u will see profit to growth from 5 million per quarter to 10 million per quarter. Annual profit will be 40 million. They may get in more nvestor , probably low bo teck , ex-ceo of latexx partner to pump in money to growth. Continue growth. Share price may reach 1.40 with 100% gain from current price of 74 cents. This is my version growth story for comfort. Therefore, focus on long-term fundamental. This company is still infant... and will turn into adult in 2-3 years time.
dow plunge 500 points.... bursa down 60 points on monday ringgit down to 4.3 ..... soon reach 4.5..... comfort still at comfort at 0.755 due to weaken ringgit. the more the world sick, the more the gloves is needed for medical treatment.... bull run for glove industry
the new management would not bought over a sick company just for "playing toys" . They bought it for HOPE. Their hope is turn into 1 billion market cap company. Wish their HOPE come true. We will ride with them on this hope.
Manufacturing may be concerned about export-oriented stocks, and to study the company's cost structure and whether there are pegged to the dollar. As for the rubber and packaging industries, in the oil price downturn can reduce costs, would also benefit.
Comfort glove use natural gas instead of oil....Natural gas price has been increase for years and keep going on. Read the quarter report carefully. Its stated in there.
the trend for glove industry is to replace oil with natural gas. This already happened 10 years ago. That's why many of the top glove, kossan , supermax and hartalega factories are located at industrial park with gas facilities. It is very common energy source.
You should check in on some of those fields below.
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Posted by Wang Masuk > 2015-08-04 22:46 | Report Abuse
hope uptrend..