Right now its just the sick who are going to the doc for treament. But if its a vaccine then it will be the healthy as well. So increase of Gloves are a surety.
Some of the comments really funny, please la provide some quality comment with support to let all of us learn la. Moreover, like rr88 this type of pp I really don’t know what to say, sometimes act like technician, sometimes act like da Vinci.
For me I think this result is consider good, at least give Comfort investor some confident to prove them have the ability and potential to gain the higher profit next QR. Although this result is not really enough the boost the share price. But I think 2.6 - 2.9 this area is a good entry point. Just personal opinion
top glove record profit and stock price plunge! Comfort so so result .....limit down ( not becuase result) because MArgin call by all sifus selling........
Simply comments without supporting data. Calculate PE/G then you only find the high potential growth with next few qtrs can only moving up ..good price to buy as still below rm3 & hold for 6 months. The only biz that safe to invest at this moment..
Comfort business is definitely going to be better because of high demand of gloves although directors keep selling their shares. There are people here keep on condemning Comfort in this forum, wondering what is their intention?
A vaccine against COVID-19 developed by US biotech firm Moderna will enter the third and final stage of its clinical trial in July with 30,000 participants, the manufacturer has announced.
I guess some of the negative comments are from very short-term speculators who have list some money recently whrn they got in at the wrong time and sold recently.
Note: Rubber gloves stocks are one of the best, if not the best sector to invest in recetime.
Monday will continue to sell down. If it goes up initially faster sell and exit before it comes down further. All glove counters are fairly valued. Look at the amount of people trapped.
Wow Comfort Glove has just posted very impressive 1st Quarter Result. Net Profit jumped 94% to almost RM17 Million. Additionally interim dividend of 1.5 sen also declared. Congratulations to all the shareholders of Comfort Gloves.
The company is very confidence on its future prospects. With the commissioning of additional lines and increasing productivity they are very very confidence that they are able to meet the increasing demands of the surging orders.
Baring unforeseen circumstances it will not be surprised that Comfort Gloves will continue to deliver more sterling results and rewards its shareholders. Very glad that we have invested in Comfort Gloves. Cheers.
KUALA LUMPUR, June 12 — Comfort Gloves Bhd’s net profit almost doubled to RM16.34 million in the first quarter (Q1) ended April 30, 2020, from RM8.41 million in the same quarter last year.
Rubber gloves stocks will grow and profit will jump exponential in view of current COVID-19 situation.
Just look at the COVID-19 chart on new cases and you will see that it is still climbing up the slop (situation is still not under control yet). So, will the demand for rubber gloves be up, flat or down? No brainer, right?
In investment, we look at the future.. Yes, FUTURE prospect!
BTW, you must understand why some of these "gamblers" (they are not investors) who lost money punting on COMFORT stocks recently, come here and post negative comments about this company even though the company achieved a much better result compared to the previous quarter! Well, because they buy high and sell low recently and lose their pants using borrowed money (margin account & contra play), money that they do not own. Now, they are very sad, frustrated and cannot think properly. Pity them, they have financial and emotional problems to handle.
Investors should know the prospect of the company they invest in and don't be influenced by some irresponsible comments.
Qr is impressive but the best is yet to come. Second quarter will see even more phenomenal profit growth as the covid crisis was truly global during this time. Furthermore, Comfort's additional new production lines will be contributing to the additional revenue for the next qtr. Those who continue to hold will be rewarded. Be patient.
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SpartanFury
198 posts
Posted by SpartanFury > 2020-06-13 00:12 | Report Abuse
that actually makes sense.. .
Right now its just the sick who are going to the doc for treament. But if its a vaccine then it will be the healthy as well. So increase of Gloves are a surety.
Dint think of that.