3jrockie: rich people mindset is think about what people talking and see is it logic? If logic they improve it and use it. But poor people mindset is cant accept the facts, will continue negative and think people show off, keep find many excuse. At the end you earn what? See people earn money?
this is signs that someone is dumping (could be all or partially.....nobody knows).......most ppl won't understand why i say so.......be very cautious if i were you
@nickthebest This Comfort like pondan up down up down 03/07/2020 9:07 AM
Hartalega is the only company in the world that is able to produce the AMG Antimicrobial gloves that can kill 99.999% of bacteria transmission in gloves patented by Hartalega.
Share price rally in recent days could be due to investors appreciating the AMG Antimicrobial gloves that will replace nitrile gloves as the number 1 glove in the world.
Ranking:
1. AMG Antimicrobial gloves (Only Hartalega can produce)
2. Nitrile gloves (All big 4 can produce high quality, other company can produce at lower quality)
KUALA LUMPUR: Anzo Holdings Bhd is believed to have signed a sales and purchase agreement to buy over a local glove manufacturer for about RM50 million to RM60 million.
The company is expected to make an announcement on the deal soon.
Last week, Anzo told Bursa Malaysia that it had secured a RM1.3 billion contract to supply millberry/candy copper scrap over 40 months indirectly to a steelmaker in South Korea effective from July 1.
People with knowledge on the matter said the glovemaker had been looking to cash out after being in business for over 15 years and aproached Anzo to buy it over.
The glovemaker, which has the licence to export medical gloves, produces more than one billion pieces of nitrile gloves per annum, worth about RM400 million.
It is expected that Anzo would start exporting nitrile gloves from next month to countries such as Canada and the United Kingdom.
"The return on investment for Anzo should be six to 12 months. Anzo may sell the gloves at the current market price of US$70 to US$75 per box of 1,000 pieces. The net profit for Anzo is expected to be in the region of RM150 million or more," said a person close to the glove-making company.
According to him, the factory has nine production lines that can churn up to 100 million pieces of gloves a month.
Anzo can increase the production lines to 12 or 15 should demand exceed supply, he said.
"The World Health Organisation has warned of a chronic global shortage of personal protective equipment including N95 masks and gloves brought about by the unprecedented Covid-19 pandemic.
"Further, Anzo has been seeking to diversify to mitigate loss of earnings from its current business of property development. The glove business is a lucrative business and it is expected that it will continue to prosper even post-Covid-10," he said.
The stock opened one sen higher at 17.5 sen today, giving it a market capitalisation of RM147 million.
Okay , faster run guys , then I buy ..People said losing money in stock market can learn more than those winning in stock market. no right and wrong .I hope can learn more and feel the pain :)
Comfort Glove likes other glove companies are also very profitable. There is also the high possibility that the price will go higher with the better results in the next few Quarters. Why so many desperate people trying to convince the shareholders to dump and shift to the big 4. Surely the big 4 would have plentiful of their existing supporters. No need to snatch from here.
Comfort being bullish supported by the bull flag on the 1h chart.
Watch out of any breakout of 3,25-3,28 region, that to target 3,80 in near term. That said, the bull would begun also from here with final 5th wave up in target at 5,26 (161,8%) and higher 6,85 (261,8%).
^^^GLOVE RALLY - BM HEALTHCARE INDEX "BREAKS" HISTORIC HIGH TODAY??!
With gloves, bursa healthcare indices to make a bullish breakout today to takedown historic high 2,540 done on 9/6/2020, which could see a really nice upside price swing for gloves for over the next 6 months or longer. We see potential hike of 15%-30% that can be aiming for the important fibonacci extension target around 2,790 (161,8%) or higher 3,205 (261,8%) area!
so many stock pusher in this forum.....really dangerous time.....newbie who don't know what you are doing......i'm worried for your safety......don't simply listen to ppl here.....not all but most here are scammers.......newbie please wake up!!
to newbie.....if kena one time you will cry i tell you seriously......many poster here have no credential and i3 never monitor these fake account......you cannot just listen to any tom, dick & harry with you hard earn money
this is really crazy..........i bought other stocks this morning loss a few hundred bucks i also run.......so scary the whole market......like almost going to trap ppl..........i know how it feels like when you all in and kena 20-30% losses.............VERY PAINFUL and if those money from loan lagi teruk......u might commit suicide......no joke man!! get out if you got profit......as fast as possible
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
MaBadri
945 posts
Posted by MaBadri > 2020-07-02 22:24 | Report Abuse
Buy call