Market trend has shown all the related share comfort, careplus etc will gradually up. The price movement now are due to the noises posted. Serious player will grab at low price after the uncertain player sold and hold until quarter report out.
2.75 is not a history, due to COVID 19 pandemic, comfort will definitely take this opportunity to push the price up, especially before the quarter report is out.
Consolidating only as last week up a lot. It also follows tai kor Top Glove. 2 research houses just upgraded TP for top glove last week. Another 20% upside for Top Glove.
Quote from PBB
We also roll over our valuation to CY21F earnings, raising our TP to RM12.70, pegged to a PE multiple of 43x (at +2SD of its 5-year historical mean) and we maintain our Outperform.
Last friday, research houses have the following upgrade:
Supermax TP by CIMB = RM 5, 30% upside Top Glove TP by PBB = RM 12.70, abt 23% upside
KYY effect this round is very small as all fund managers are buying gloves shares for increasing profit due to big jump in ASP, production lead time of 10-12 months, shortage of medical gloves world wide. Small player will follow tai kor Top Glove. And they will have bigger % increase due to lower share price. Comfort is in medical gloves.
to reassure uncertain investors, search up the glove market on google. its growing regardless of pandemic or not. an also demand did not drop post pandemics in the past
by the time we decise to jump boats, its time they sold
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Posted by ImFromTheFuture > 2020-05-18 08:01 | Report Abuse
check out their annual report 2019 pdf, page 27. exports outside of malaysia is 68%. countries include us, canada, europe and other parts of asia