COMFORT GLOVES BERHAD
KLSE (MYR): COMFORT (2127)
You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!
Last Price
0.38
Today's Change
0.00 (0.00%)
Day's Change
0.375 - 0.385
Trading Volume
42,400
Post a Comment
Market Buzz
Featured Posts
Introducing MY's First IPO Fund for Sophisticated Investors!
New Update. Discover investment communities that resonate with your ideas
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
MQ Trading Signals
Time
Signal
Duration
Type
2024-09-09 12:15:00
EMA 5
5 Mins
BUY
Apps
Top Articles
1
3
save malaysia!
4
5
Good Articles to Share
6
TA Sector Research
7
Good Articles to Share
Venezuela opposition leader Gonzalez flies to Spain after arrest warrant
8
Good Articles to Share
Greece to tax cruise ship arrivals to protect popular islands from overtourism
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
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....
Investor 9999
168 posts
Posted by Investor 9999 > 2020-05-15 08:02 | Report Abuse
Cautious on over valuation
SELL HIGH IF YOU CONCUR WITH ME
I noted the disposal of 2.3 mil shares in the open market by owner Dato Lau Eng Guan on 30 April and 6 May at the price of RM1.40 for 1 mil shares and RM1.60 for 1.3 mil shares respectively.
From 8 May to 12 May, Dato Lau sold 670K shares as follows:
8 May sold 250k shares at RM1.65
12 Mar sold 250k shares at RM1.93
12 May sold 100k shares at RM2.02
12 May sold 70k shares at RM2.14
The DISPOSAL COULD reflect the fair value price of Comfort share to Dato Lau.
As a substantial shareholder and Director, Dato Lau has within 3 market days after the dealing has occurred to give notice of his dealings in writing to the company secretary and the company must immediately announce such notice to the Exchange. Below are the summary of the announcements.
On 14 May announced that on
7 May sold 500,000 shares at RM1.60
On 13 May announced that on
6 May sold 500,000 shares at RM1.60
6 May sold 800,000 shares at RM1.63625
On 6 May announced that on
30 April sold 1,000,000 shares at RM1.4038
Since 6 May closing price of 163 (3 market days passed by), the operators had pushed the share price to a high of 275 and spiral down to 221 closing on 13 May with a 19.6% drop. 14 May closing was 238 after it nose dived to a low of 119.
IMHO, Dato Lau was unlikely or could not be wrong to sell Comfort shares at RM1.40 to RM2.14 as the “CEO”, he knows the business prospects and projected profit based on operating full capacity of all plants.
The above recent disposals of shares by owner Dato Lau in open market in my humble opinion could reflect market price being more than fair valued at 160 then. From 8 May to 12 May DS Lau sold another 670k shares show above.
The CFO is financially acute to sell 77.4k shares at RM2.60 on 13 May
Market could have wrongly priced Comfort shares and had probably misled by operators pushing the share price up daily with current “GLOVE THEME PLAY”