Directors selling a bit everyday is okay because daily volume is rm250 million and more. Besides wait for June QR. Even IB revise topglove to rm20. Comfort Rm5 is certainly reachable. Unlike JAKS it collapsed because the deal was not secured for the Vietnamese water dam. As for this covid is real and rubber gloves are in demand until the thave a vaccine. So far all the vaccines news have been a lie to push up share prices, for example modern. Let's focus on what is real first. Covid is real and the demand for rubber gloves. The rest are just unnecessary noise only.
cn21 History repeats itself...................When KYY bought in JAKS....the main shareholders keep selling......have u ever ask yourself...why???? 29/05/2020 8:07 PM
Technically speaking is OK coz the amount dato Lau sold is relatively small compared to total daily volume BUT it is sending the wrong message to the investing community, some more everyday sell non stop.
But if everyday sell like this, though each day not big, but cumulatively over a period, it could be substantial
It may send the wrong message that the owner is not focus in his business, depends on trading of shares to make money or no long term commitment to his business..cashing out...etc.
People will also look at its peers...example Spermax...frequent SBB some more owner daughter also buy even at high price.
Sometimes is not what you do..it is the perception or signal from your action that the investing community judge you.
You know when the conmen came out 2 days ago trying to sell all the BS story, good things most of us just brushed them off. They have an issue counting 1+1 that is why. That type of stupid they have cannot be taught
pharker Technically speaking is OK coz the amount dato Lau sold is relatively small compared to total daily volume BUT it is sending the wrong message to the investing community, some more everyday sell non stop.
But if everyday sell like this, though each day not big, but cumulatively over a period, it could be substantial
It may send the wrong message that the owner is not focus in his business, depends on trading of shares to make money or no long term commitment to his business..cashing out...etc.
People will also look at its peers...example Spermax...frequent SBB some more owner daughter also buy even at high price.
Sometimes is not what you do..it is the perception or signal from your action that the investing community judge you. 29/05/2020 8:23 PM
for me 2cents => follow KYY la...that's for now the best guiding light; go and read his blog on comfort target price. if hit u got the jackpot, if not hit u got nothing to lose but gain also, right? the important #1 ques to ask is: hv u jumped on this gloves bandwagon? next ques: when is the music stop? ;O
i hated the RHB Research report came in the midst of euphoria...glad that Mr Market knew that the fxxxing research is confusing and raise more questions than answering/guiding investors/speculators. RHB u r reputable research house, u wanna see Comfort's share price tumble now? what evil heart u possess?
Additionally, he believes that Comfort Gloves’ average selling price (ASP) has increased as demand-supply dynamics have tightened up. “We expect near-term demand growth of 50% to exceed supply growth of a maximum 10%,” he added.
On the demand side, the worse-than-expected Covid-19 spread globally has led to higher demand for gloves, while on the supply side, the movement control order has slowed construction of a new manufacturing plant, said Lim.
“Under such market conditions, an ASP rise is inevitable, and it will be across the board for all glove companies, including Comfort Gloves,” said Lim.
Thus, after factoring in higher ASP, Lim expects Comfort Gloves’ FY20 to FY22 earnings to have increased by 24% to 90%, adding that the share price downside is limited due to strong earnings prospects.
Lim has projected the company’s net profit for the financial year ended Jan 31, 2021 (FY21) to be at RM44 million, and RM76 million in FY22. Revenue is projected at RM566 million in FY21 and RM677 million in FY22.
Shares of Comfort Gloves closed 37 sen or 12.01% higher at RM3.45 today, valuing the company at RM2.01 billion. Year-to-date, the counter has jumped by 337% from 79 sen.
FY 2021 RM 44,000,000.00 44 million only eps of 0.0755 sen
See Aramcock today come to sing again.Aramco come here cheat people lagi? I listen to myself all in Comfort. 2 days capital increase from 500k to 850k already lo. Tq for your limit down story. Many ikan bilis masuk net. U r really good la. All u talk semua terbalik. Yesterday we all celebrate here. Tonight win a bit only but happy also to see u alive.
Glove counter i can told you guys, hold until September and some glove counter is August, you will earn big. If you study deep, some glove counter actually can say undervalue example Supermax and top glove. You need to study deep the power of selling price increase, the result will have huge improve. If you really study deep, you will know next quarter or next few quarter the result is super crazy. You know supermax increase selling price over 100%? From one box glove 30 plus dollar to now 110 dollar? The increase of selling price is their pure profit, so for those smart investors, is it now glove counter very expensive? Of course i think comfort results also will very good but i need to see the results announced first just can comment. For this covid-19, is it possible small glove company will more benefits? For example Kossan, Harta, Supermax, which company result is perfect? Supermax right? Supermax is the smallest company right? Now covid-19 those big company already full order, and the price from last years until this years already have agreements, price hard to increase too high. When those big company order already full, than is it will benefits small glove company? Many country urgent need glove and small glove company can sell with high selling price in this opportunity time compare to big company. The example is supermax result better than harta and kossan. So i expect June result will be very good for comfort and if you guys can hold it until September, you will win big. Trump November will have election so i think he wont let the share market drop, is it a good opportunity? Think yourself, and most opportunity IDSS will be extand again due to covid-19 havent settle and economic of Malaysia is very very bad. Opportunity wont come every time, grab it or give up is your chooice. 10 years 1 time golden opportunity, if you give up after that you need wait another 10 years. 1997,2008 economy crisis is your opportunity to invest. Now 2020 is it a good time become millionaire? Think yourself, want earn small or win big? Think, now glove counter is a gold, dont easy sell out your glove counter.
Now harta already RM12.54, topglove already RM13.3, Kossan already RM8.7, Supermax already RM7.70. Now good faudamental glove company with cheaper share price only left comfort, so you think most of investor will choose which company to invest? Market investors like invest in cheaper share price company or expensive share price company? Now comfort price only RM3.62, if coming result is good will shooting up like supermax. Comfort this February have new six production line so i expect the results will very good.
Directorsell: I suggest you go take a course study to improve your knowledge if you dont want forever become poor ppl. This time is like 1997 and 2008 crisis, the economy down seriously, this is the time for you earn huge money. 10 years 1 time the opportunity, grab it and dont fight with market.
rhb report is lousy. Uncle tp also not correct. tp not 5.60 it should be tp 50.60 Continue buy-ah. I;m very happy if you buy bcos once you buy, i getting richer.
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Posted by cn21 > 2020-05-29 20:07 | Report Abuse
History repeats itself...................When KYY bought in JAKS....the main shareholders keep selling......have u ever ask yourself...why????