Today bought at average 3.55, hope share price can U-turn and get me some profit!
Gloves counters I think power rangers lah...they can stay around 3 to 4 weeks in overbought position...n never limit down into oversold position...so you need some TA judgement when is the right price to buy...within that period... that's 50, 100 or 200 days SMA...!!!
Patience needed...@4.00 no problem...if market trends still positively aligned...!!!
BATFLY Need to understand why comfort share dropped.. Maybe overpriced!!!
Overpriced not really if you look into its sales, profit margin n EPS growth...just take @50% average 3 years growth...then the next fiscal year the PE multiply is just 25x...or lower...growth stock where got sell at PE 10...too conservative...auditors standard lah...!!! Of course its growth has certain time period. Oversupply will happen n ASP margins will decline...Now I don't think so...still demand higher than supply...!!!
Stockhunter88 IB making you guys lost confident on this stock, will uturn soon
Stock market psychology mah... can't blame them...they earn an income...they want a good window dressing...year end...so we need to understand some tradings psychology... that's why EQ is more important than IQ...in trading or investing in stock...◉‿◉
chtan33 comfort can easily sell to india, indon, brazil etc at higher ASP. it not necessarily compete with the big 4...
Some of those countries don't have the buying power...and they don't care much about health issues...so the demand is only for certain organisation...not everywhere...!!!
Let’s face the reality comfort hlt carepls all are small cap like ruberex boss said why offered much lower price for MGO. Tomorrow small cap will collapse back to normal price which he said this might not be sustainable....
Everyday I queue buy at limit down price but cannot get,haizzz.Tomorrow will try again...I will never chase if it goes up. Hope what you say limit down will come true...DJ green & up 400point again
Pfizer and German biotech BioNTech SE were granted fast track designation by the FDA for two of the companies’ four vaccine candidates against the coronavirus. BioNTech jumped 11%.
ASP Uptrend Intact Sector Update Maintain OVERWEIGHT on sector, with Top Glove (TOPG MK, BUY, TP: MYR28.88) as our Top Pick. Global gloves shortages has worsened as COVID-19 cases in US surged 24% month-to-date. For all five gloves stocks that we cover, we raise our earnings estimates and TP due to higher ASPs assumptions. Our Top Pick is Top Glove due to its superior market cap/liquidity and its ability to raise ASP more than peers.
*Top Glove (TOPG MK, BUY, TP: MYR28.88)* ASP Uptrend Continues Company Update Keep BUY with higher DCF-derived MYR28.88 TP from MYR24.80, 20% upside and 1% yield. Gloves shortages has worsened as COVID-19 cases in US surged 24% month-to-date. We raise our earnings estimates and TP due to higher ASPs. Our new TP reflects 33.5x FY21F P/E (+1.8SD to the 5-year mean). The premium is justified due to its status as the biggest gloves producer globally and its ability to raise ASP more than peers.
*Hartalega (HART MK, BUY, TP: MYR21.60)* ASP Uptrend Intact Company Update Maintain BUY with higher DCF-derived MYR21.60 TP from MYR19.00, 21% upside and 1% yield. Gloves shortages has worsened as COVID-19 cases in US surged 24% month-to-date. We increase our earnings estimates and TP due to higher ASP. Our TP reflects 44.9x CY21F P/E or +1.6SD above its 5-year mean valuation. The premium is justified due to its highest exposure (96%) to nitrile gloves which command better ASP.
*Supermax (SUCB MK, BUY, TP: MYR18.88)* Steeper ASP Increase At Distribution Level Company Update Keep BUY with higher DCF-derived MYR18.88 TP from MYR13.88, 18% upside and 1% yield. Gloves shortages has worsened as COVID-19 cases in US surged 24% month-to-date. We increase our earnings estimates and TP due to higher ASP. As Supermax has its own distribution channel in US, we expect its earnings to outperform peers. Our new TP reflects 27.5x FY21F P/E. This is at 23% discount against sector average due to its smaller market cap/ liquidity.
*Comfort Gloves (CG MK, BUY, TP: MYR4.80)* A Rising ASP Lifts All Boats Company Update Upgrade to BUY with new TP of MYR4.80 from MYR3.18, 40% upside with c. 1% yield. Gloves shortages has worsened as COVID-19 cases in US surged 24% month-to-date. We increase our earnings estimates and TP due to higher ASP. Our TP is based on CY21F P/E of 25x – 30% discount against peers average. This is to reflect its smaller market cap/liquidity to peers. BUY for its FY21 earnings growth of 128% supported by 10% ASP increase and 14% capacity expansion.
*Kossan (KRI MK, BUY, TP: MYR15.50)* Factoring In Higher ASP Company Update Keep BUY with DCF-derived TP of MYR15.50 from MYR13.00, 22% upside plus c.1% yield. Gloves shortages has worsened as COVID-19 cases in US surged 24% month-to-date. We increase our earnings estimates and TP due to higher ASP. Our TP implies a FY21F P/E of 31.3x or 13% discount against sector average forward P/E. This is justified due to its smaller market cap and lower liquidity.
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Posted by newbie2201 > 2020-07-13 19:49 | Report Abuse
today last round of washing .....tomorrow ready