Current year prospects The construction of the destroyed building due to fire outbreak is in progress and expected to be completed by end of July 2016. While waiting for insurance compensation, the rebuilding costs were disbursed from internal generated fund. This warehouse and packing building are crucial to cater for foreseeable increasing productivity and orders after completion of all the new production lines. Currently, 6 production lines were completed and operated. The remaining lines are expected to be completed by end of July 2016. These production lines have proved to be more efficient with higher productivity and better resources and energy savings that will further improve on the Group’ profit margin. Peeking further into the future, the Management has earlier expected the focus on speciality gloves able to differentiate us from other competitors and alleviate the pressure of price war in synthetic gloves market. Hence, the Management are confident that the Group able to gain more market share and maintain a sustainable growth in this financial year.
overall COMFORT is still one good company from FA point of view.... Revenue & profit has been consistently increased for the past many Q. The recent losses is mainly due to the fire outbreaks which affected the production line but then, if you look at the entire glove/rubber sector... no one outperform their peers either due to the weaker USD last Q. Its all up to you to hold for mid term... whatever goes down will rebound same as whatever went up will reverse too. COMFORT yet to find a strong bottom thus its not advisable for short term trade.
Thabks vxpoison for ur advise.it may drop further if lower than 0.6.in dangerous situation.USDbegin strongly for these pass few days after UK vote to out from euro.a lot of ppl are saying the usd should be up but ,dont knoe why it will drop back ..
agreed. the company CEO really got strong management and strong technical skills. Very low profile and don't like to talk cork like other glove CEO. Slowly fund manager will attack this hidden gem . No wonder the director keep on buying from the open market.
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Posted by vxpoison > 2016-06-23 22:54 | Report Abuse
Current year prospects
The construction of the destroyed building due to fire outbreak is in progress and
expected to be completed by end of July 2016. While waiting for insurance
compensation, the rebuilding costs were disbursed from internal generated fund. This
warehouse and packing building are crucial to cater for foreseeable increasing
productivity and orders after completion of all the new production lines.
Currently, 6 production lines were completed and operated. The remaining lines are
expected to be completed by end of July 2016. These production lines have proved to
be more efficient with higher productivity and better resources and energy savings that
will further improve on the Group’ profit margin.
Peeking further into the future, the Management has earlier expected the focus on
speciality gloves able to differentiate us from other competitors and alleviate the
pressure of price war in synthetic gloves market. Hence, the Management are confident
that the Group able to gain more market share and maintain a sustainable growth in this
financial year.