I hope now you guys know why I kept on advising to not all in comfort. Comfort is still hanging around 3-3.7
Come on. The big 4 have been hitting new high and new high.
I’m really not saying comfort is not good. If it is rm2.5 now. Please all in. Rm4 is kinda its fair value if no better catalyst like insider news. When we say rm4 is the fair value, do u wait for rm4? If u can, but not with all your money here.
I’m not showing off but I’m laughing to the bank now by seeing how much more paper gain I have now after switching 70% of my fund to harta and supermx from Comfort.
Basically comfort will only move when the big four have big movement. That’s it. Comfort will not lead by flying 10% a day anymore. From now on, comfort will just be like “another” glove counter. When big four move and fly high, then the rest of the small players will move 2%?
I’m really not saying comfort is not good. But there is no better catalyst to move the price. Supermx is fcking 12.4 today. U tell me comfort is better? Don’t fool urself. Pls. I’m not asking you to sell all. Just sell partly and switch to supermx and harta. Thank me later. I’m trying to help u maximise ur gain in glove.
Somebody cannot see the actual Comfort talent. Its expanding of factory at main brand and Ipoh brand. 90% of business by U.S. and Europe. More longer time picture will more brighter.
Demand for gloves is skyrocketing. Shortage is almost everywhere around the world. Am in the gloves biz, the ASP hike of 20% is actually higher than what claimed in the Comfort AGM.
Depending on how much allocation for spot orders. If already lock in most of the capacity for long term, then the manufacturer won't be able to capture hike in spot prices. Same theory for palm oil sales. But that's separate topic. Logic is the same though.
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huatarr8888
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Posted by huatarr8888 > 2020-07-09 15:08 | Report Abuse
All glove counters up now! Huat arr