what i am concerned is that the bloody US may announce that the vaccine is proven to be ok. Then it will cause havoc to the gloves industries..............
nope.. the vaccine being suspected by the scientist, that why you can see yesterday night that US vacinne company is dropping due to the confident level issue. mean they only talk for fun not proven tested.
Naysayers do not understand the market dynamic and do not understand the business of gloves that is why they cannot make money, eg someone said everywhere can get gloves, that is low quality gloves. Comfort is producing medical specialty gloves. Also Malaysia is glove producing countries, of course very where can get (but not medical gloves). Have they know US Market? That is difference.
Quote from KYY in his recent article :
As many people are so confused by the wide price fluctuation and do not know how to react. I advise them to remember that statistics shows day traders cannot make much money on a long run. Only long-term investors can make more money. Patience is the key to successful investing. You can make more money by just waiting.
I have been calculating if glove price increase by 5% every month for the next 12 months (after June2020), sales increase by 15% per quarters (vs previous yr Qr), annual profit after tax (25% tax) will be around 203M, at PE 20x price will be RM 6.63, PE 30x at RM 9.95, if you include 30% safety of margin, still worth RM 4.60. Other factor doesnt include such as , drop in raw material price, forex gain/loss, and possible extension of operating hours.
I have learnt that OTB is also buying at low price yesterday, thanks to those who spread fearful msg. This shows that many smart investors still have confidence in Comfort.
Now everyone smiling even joyvest also change to support this counter . I remember someone say comfort no hope la this la that la . Now laughing cause newbie throwing cheap ticket to them .
KYY effect is small as gloves stocks are current market trend and a lot of fund managers are buying for increasing profit prospect especially tai kor Top Gloves.
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Posted by joyvest > 2020-05-20 09:47 | Report Abuse
when the basket falls, it is still ok ........ gloves wont break like eggs.............