Posted by xuxu > 2020-06-30 17:11 | Report Abuse

when up above 3.0 not worth to chase

Posted by amateurJR > 2020-06-30 17:12 | Report Abuse

U all see broke college student angry d. Dun simply sell. Buy and hold till August. U confirm will earn. Earn gao gao then stay in bungalow and buy helicopter!

Posted by amateurJR > 2020-06-30 17:13 | Report Abuse

Want to hold glove counter hold top glove la (hold abit also not bad). Confirm can sleep everynight

Posted by Boon Keng > 2020-06-30 17:21 | Report Abuse

Copy from “manage our finance” fb pages.

For reading purpose. This is not a *buy/sell call*

Comfort AGM.

1) How many production lines will Comfort increase in 2020 & 2021?
We will add 5 production lines, a total of 58 production lines, these five new production lines will add 600m gloves. In total there will be 6b gloves.

2) How do you compete with other glove companies?
We focus on professional gloves, which makes us more different than other glove manufacturers, and we also work closely with customers and manufacture gloves that meet their requirements

3) What is the current price of gloves?
Last year's price was USD 22, the previous quarter was USD 25-27, followed by USD 30-35. We will continue to increase by an average of 5-10% every month.

4) Comfort invested in automation systems. How much can this help the company?
Automation makes our operations more efficient. We implement automation step by step to avoid affecting daily operations too much. When automation is implemented, our labor costs will fall by 8%

5) How much can energy-saving systems reduce costs?
Will save 10% of natural gas (gas)

6) The company's investment in subsidiary has an impairment RM 101m, what is this?
These are the Impairment before the new management enters the company. It is about Comfort Rubber Glove Industries S/B (RM 90.3m) & PBT S/B (10.9m). These are things that happened a long time ago. If the accounting standards allow it in the future, it is possible to do reverse of Impairment

Opinion: It is usually not easy for Impairment so long ago to do reverse, so investors don’t have to expect too much

7) I see that most of the market share of the annual report is in Malaysia. Why not sell more to the US?
In fact, these are sold in Malaysia, but eventually they are shipped out to foreign countries

8) Does FDA Import alert affect the company?
No effect at all.

9) What is the approximate price of Spot Order?
It is about 12%, the price is definitely higher, most of them will not channel more than 100 USD

Opinion: We can see that the boss is very enthusiastic about the glove business, and it is not a company that only looks at profit. The management stated that doing business must look at the long-term, not just sacrificing long-term customers at hand because of higher profits in the short term. At present, the price of Comfort gloves is indeed lower than other gloves manufacturers, but for smaller companies, this approach is also more appropriate. After all, they do not have as many different customers as other large companies. We also saw Mr. Guan Youyuan, who also praised the performance of the management, and also mentioned that more rewards should be given to the management next year. Preliminary calculations, assuming that before selling USD 26, now selling USD 33, then the company's turnover will be as high as RM 194m, an increase of 41m in profit compared to the previous quarter's RM 153m. This performance is pretty good.

Note:

The boss also mentioned that TopGlov spot order reach a high of 170 usd.

Likeky Comfort PAT for next quarter around 35mils at eps 5.6-6.0 cents which translate to 3.50-4.00 based on forward PE20.

Mr Koon complemented the management and said he'll acquire more shares.

Posted by KL Liew > 2020-06-30 17:21 | Report Abuse

stupid la what they AGM meeting make share drop

Posted by Smart Beginners > 2020-06-30 17:22 | Report Abuse

shooting star.. need to wait a while who buy at high.

Posted by link91 > 2020-06-30 17:26 | Report Abuse

Take profit day maybe

Posted by Apple1234 > 2020-06-30 17:28 | Report Abuse

AmateurJR: So just now i told you comfort selling price only 30 USD right?

Posted by Apple1234 > 2020-06-30 17:28 | Report Abuse

Please check out how about Harta, Topglove and Supermax now selling price?

Posted by luckyzaii27 > 2020-06-30 17:29 | Report Abuse

says acquire more shares
meanwhile, selling out slowly in the evening today? i dont know, just guessing haha

Posted by Apple1234 > 2020-06-30 17:31 | Report Abuse

Invest in high selling price glove company, you get my means? If get it, money is yours.

Posted by Apple1234 > 2020-06-30 17:33 | Report Abuse

Amateur JR: please go do your homework for every glove company about the selling price.

Posted by amateurJR > 2020-06-30 17:38 |

Post removed.Why?

Posted by amateurJR > 2020-06-30 17:42 |

Post removed.Why?

Posted by Kimgold > 2020-06-30 18:18 | Report Abuse

Manage to sell all before the collapse. Bought at 4000 rm3. 30 sold at rm3. 31. Before that already made fr 2.86 rm2. 90 and rm3

Posted by Sapodilla > 2020-06-30 18:19 | Report Abuse

@Boon Keng - where do you get the report from? Can share link?

Posted by jolow > 2020-06-30 18:22 | Report Abuse

stupid AGM....hahaha

Posted by jolow > 2020-06-30 18:27 | Report Abuse

uncle complement comfort by selling more shares .....

Posted by Apple1234 > 2020-06-30 18:55 | Report Abuse

Selling price only 33 USD, may i ask how to announced bombastic results? If cant announced bombastic results, the share price can fly how far?

Posted by ivanlau > 2020-06-30 18:59 | Report Abuse

boon keng , thanks for your good sharing.......

Posted by KL Liew > 2020-06-30 18:59 | Report Abuse

maybe shark pull down collect , tomorrow fly 10%

Posted by al8800 > 2020-06-30 19:01 | Report Abuse

http://www.msn.com/en-us/news/us/our-luck-may-have-run-out-californias-case-count-explodes/ar-BB167I8p?li=BBnb7Kz&ocid=iehp

‘Our Luck May Have Run Out’: California’s Case Count Explodes

Posted by al8800 > 2020-06-30 19:06 | Report Abuse

http://www.msn.com/en-us/news/world/flu-virus-with-pandemic-potential-...

BBC News
Flu virus with 'pandemic potential' found in China

Posted by jolow > 2020-06-30 19:17 | Report Abuse

end month window dressing .
wear red dress.

Posted by Eric6790 > 2020-06-30 19:27 | Report Abuse

surprise others up so much but it drops,

Posted by ivanlau > 2020-06-30 19:29 | Report Abuse

insider news, some big funds are purposely pushing down this stock for enable them to buy more in cheap price ...........

Posted by EngineeringProfit > 2020-06-30 19:38 | Report Abuse

The syndicate pushed up to create an aura of optimism ..........for distribution

Posted by Boon Keng > 2020-06-30 19:38 | Report Abuse

https://koonyewyin.com/2020/06/30/comfort-what-the-chairman-said-at-the-agm/

Posted by skyhin > 2020-06-30 20:07 | Report Abuse

Lagi uncle attend Agm...... Sian loh.. But no push up pricing.....

Posted by Boon Keng > 2020-06-30 20:10 | Report Abuse

Purposely wash down, to chase out the weak holder.

Posted by Boon Keng > 2020-06-30 20:12 | Report Abuse

See the news you will scare. How terrible of the new cases.

https://www.bbc.com/zhongwen/trad/science-53221612?at_custom3=BBC+Chinese+(Traditional)&at_medium=custom7&at_campaign=64&at_custom4=2450FF3C-BAA8-11EA-8330-C47996E8478F&at_custom1=%5Bpost+type%5D&at_custom2=facebook_page

Posted by KL Liew > 2020-06-30 20:15 | Report Abuse

they pull down the price collection la, u can see tomorrow fly 10% glove counter run no 1

Posted by George Leong > 2020-06-30 20:26 | Report Abuse

Worrying!

"WHO - WORST IS YET TO COME!"

https://www.google.com/amp/s/www.bbc.com/news/amp/world-53227219

Posted by drobertp40 > 2020-06-30 20:29 | Report Abuse

Anyone knows why comfort and carepls drop today while harta, topglov and rubberexcontinued to go up? Anything to do with not being in msci (I can't find the list of stocks by googling) list which are normally used by international investors - if so then it's the local players who cabut?

Posted by nicky > 2020-06-30 20:30 | Report Abuse

I m surprised Comfort pullback this afternoon... Anyway i still think that it is worth to hold and hopefully.will gap up tomorrow..

Posted by David Gunter > 2020-06-30 20:31 | Report Abuse

Pullback cos retailers taking profit

Posted by drobertp40 > 2020-06-30 20:33 | Report Abuse

Yes gunter, but why other glove counters didn't?

Posted by chopstick > 2020-06-30 20:34 | Report Abuse

this forum is to understand more about mkt situation, not for each individual boosting oneself of making money. who's care how much u made, all bullshit.

Posted by chopstick > 2020-06-30 20:35 | Report Abuse

the most hippo kimgold

Posted by mcmann > 2020-06-30 20:36 | Report Abuse

reason of pull back is because people selling like mad

Posted by terrylam84 > 2020-06-30 20:40 | Report Abuse

Comfort sell cheaper price to the long term customers, but would it's long term customers buy from comfort mou if they find cheaper source equal quality? Comfort still have more upside!

Posted by drobertp40 > 2020-06-30 20:41 | Report Abuse

Mcmmann, why topglov, ruberrex, harta still go up today?

Posted by anthonywml82 > 2020-06-30 20:43 | Report Abuse

33 usd?red or green?doesn't matter

Posted by chopstick > 2020-06-30 20:47 | Report Abuse

contra player normally dun bet on high value share, mostly hlt careplus, advant, esceram, etc

Posted by drobertp40 > 2020-06-30 20:49 | Report Abuse

Chopstick, that is a good plausible explanation. Tq

Posted by saahmad7 > 2020-06-30 20:58 | Report Abuse

Stoch RSI buy signal

Posted by Boon Keng > 2020-06-30 21:50 | Report Abuse

I think all the indicator is useless now. All control by crocodile. They decide to push high or down. Today mplus and Maybank give TP, can see they are in the same gang.

Posted by Gooner82 > 2020-06-30 22:11 | Report Abuse

Comfort should comfortably gets to RM4 by end of July :)

Posted by apolloang > 2020-06-30 22:26 | Report Abuse

tomoro apa 4d number can come out 1st prize? hahaha

Posted by bombominvest > 2020-06-30 22:26 | Report Abuse

gong le today , tomorrow must go RM3.5