Of coz comfort cant compare with topglove and supermax because they are the big4 players in the market. Comfort fundamental is strong. Few quarters report also making stable profit. The value is there.
Folks, its impact of margin cap and correction with bit overdone, it will move up again, keep calm, avoid the noise and decide on next course action tomolo.
Idss postpone, i believe glove counter will continue bullish after topglove announced the result. Smart investors please remember dont so easy let big fish eat. Now you can see every bank already cooperation together, everyday will have different bank come out announced cut margin. The purpose is they will use reduce margin capping help them eat finish all the small fish. After eat finish all the small fish, big fish will push up the share price. When big fish push up the share price, others small fish see (wao) share price already up and will come in grab again. So dont be so stupid, be a smart investor.
correct me if im wrong, comfort can only sell its gloves at certain price as they are not OBM and have locked pricing cap for glove boxes..only the distributors are averaging up their selling price of the gloves...meaning to say, the average selling price (ASP) of the gloves are fixed, right ? supermax which has increased their ASP from USD 30 per carton to USD 120 per carton...and comfort cant as they are not OBM ?
Notably after today’s sell-off, the share price of smaller players like Rubberex and Comfort Gloves have retreated to around the valuation range by some of the brokerage houses. That said, analysts are bullish that 2021 earnings will catch up to justify the hefty premium valuation.
Typical, after collecting cheap the last couple of days, all is good now by the analysts.
You know why local institutions will become big player today? Why everyday come out different bank say want cut margin capping? (Why everyday difference bank come out)? After share price drop who have so big of money buy it? Why here cut margin that side give high Target price? Now economy down if cut investor margin capping will make a lot of ppl no ability pay bank right? Think what is the purpose of those bank doing? Is it those IB want buy the cheaper share? Is it those bank want reduce lose from warrant side? Think , become smart investor dont become stupid investor.
Tmr if still have many stupid investor automatic want give big fish eat i also dont know how to comment. Than please, tmr panic sell and let it limit down. Let me sapu cheaper share.
All panic sell, then bank will collect. And gloves fundamental never change, in fact much better future in coming year. Just because of IB, price drop so much... Buy and keep. Will be back to RM4
Swim with the shark.Not eat by the shark... QR report will be good. Top glove result coming next week. Other glove counter will follow limit up. Just don’t panic when swim with the sharks...steady bossku Lol
degaht correct me if im wrong, comfort can only sell its gloves at certain price as they are not OBM and have locked pricing cap for glove boxes..only the distributors are averaging up their selling price of the gloves...meaning to say, the average selling price (ASP) of the gloves are fixed, right ? supermax which has increased their ASP from USD 30 per carton to USD 120 per carton...and comfort cant as they are not OBM ? 03/06/2020 10:54 PM
Mostly panic of rumors and go into shark mouth waiting 03/06/2020 11:44 PM X Aramco Go and see the fish aka shark story i just share Those are ikan bilis n punters panic mode related to the Fish story 03/06/2020 11:46 PM
Hi all, i would like to say base on bursa daily trade statistic, the highest participation(%) is Local Institution, you can check from bursa website and you will know who is the biggest manipulator, those big shark is eating our tickets, i hope you all dnt be panic and dnt get trap on in. The bright future is coming, be patience.
Forced selling have already done and factor in when the share price retreated to a 35% discount to its estimated TP price . So , there's no point keeps repeating childishly about bank margin calls and capping . There are certainly still others sources of funds capable of buying up when the price reached a certain low level with lesser minimised risks . The downside is either minimal in a day or end of the week and more upside will resume and set in .
Will be collecting by 2morrow and Friday for upswing imminent technical rebound after steep retreat . No stock will continuously go down or go up non stop in any general common sense of views . Remember , in whatever bad market sentiments , there are people's making money out of steep price retreat to collect cheaply and sell on every rebound intervally
@degath I think comfort may increase their ASP due to high demands, just because they’re distributing the glove thru agent so that the asp maybe not as high as glove companies which have obm. Their orders not locked down by contract, so that the price increment should be happen. May have a look thru kyy blog
Don't worry , aggressive buying support will set in by 2morrow if the price drops below 2.50 . If it goes up early in the morning , l will remain sideline and below a big opportunity to buy if that happened and let's see as the huge sell off already factor in the force selling process and those hits by margin calls have almost overdone. Standby for 2morrow interesting events....... cheers!
everything below 3.00 is easy buy for Comfort.. and it wont drop below 2.60.(my layman calculation la)..less than 1 month to get that splendid and marvelous QR. Of U look from the top, price only depreciate 28%, but if you look from below, it actually drop 40%..and that's a very big and healthy correction! ..
Most Gloves Company around the world ASP increase by 5-15% month to month Why not Comfort After all demand is 3-5 times of supply according to many IB n Gloves company Directors Most/All gloves company PAT will be explosive QTR To QTR , Why worry Early bird catches the big fat worms b4 too late
The MEGA Questions to justify the MEGA rise are 1) How many Gloves company are there globally? 2) How many investors or their staff needs gloves at home or work place? 3)So far no news of any shortage of gloves globally as its only temporary measures . 4) From pennies to all time high , many promoters bought few months ago eagerly wants an exit including insiders directors and sharks ! 5) Is this Glove Rally sustainable ? even after vaccine is found . 6) Are you investing due diligence or simply punting into uncharted waters. 7) Never follow the herds blindly, recovery is futilely.
Before you spend your hard earned money into the abyss of sharks infested territories, take some time to answers these Questionaires first. It might save you later...
Still expecting many panicker sellers in the early morning by 2morrow and hopefully if there's a steep panic drop , best buy for the fast long handed investors to sell on immediate rebound for fast short term profits . Stock markets is about the smart to outsmart the panic and unsecured by enriching themselves fruitfully . So the early bird catches worms with the cheapest buying price if that materialised by sharp falls .
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kitkat
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Posted by kitkat > 2020-06-03 22:30 | Report Abuse
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