Posted by skyhin > 2020-07-18 19:35 | Report Abuse

If 6.80 or 8.80 hoh sei lio....

Posted by EngineeringProfit > 2020-07-18 19:37 | Report Abuse

See there....

....once Topglov resolves issue with USA

Posted by Max2838 > 2020-07-18 19:38 | Report Abuse

Geary's comments are relevant.... "Clearly, it is not the kind of market for retailers. It’s only for those who are really experienced in trading and understand the dynamics of jumping in and out without getting hurt".

DATO' LAU (a substantial shareholder & ex-Strategic Biz Director of Leong Hup) acquired 460,000 shares on 17-Jul-2020. We know that.
He sells some at RM3.50 in June and now he buys some back at RM3.50 in July. He didn't get hurt jumping out and jumping in.

I know some of you didn't get hurt too jumping in 'n out. So, why do it ?
Hoping to be SuperTrader 'n SuperSpreader ?

Posted by Belinda > 2020-07-18 22:00 | Report Abuse

I missed the boat.

Posted by skyhin > 2020-07-18 22:12 | Report Abuse

First time see. Uncle lau buy back the share..... Next monday will drive us...... Top of second group

Posted by saahmad7 > 2020-07-18 23:37 | Report Abuse

still not missed the boat, comfort will jump over 4.2 this week

Posted by ikenduit > 2020-07-18 23:57 | Report Abuse

to the top!

Posted by geary > 2020-07-19 00:03 | Report Abuse

Belinda I missed the boat.
18/07/2020 10:00 PM

Probably it's half way...so u need a helicopter to jump inside...so your price will be higher...sell before the clock strike midnight...◉‿◉

Posted by cucubud > 2020-07-19 07:48 | Report Abuse

Why that Dato Lau keep selling his shares from May until June when other gloves counters are rising? He doesn’t see the potential in his own gloves?

Posted by PZOGRO > 2020-07-19 08:26 | Report Abuse

Oldman bought over 13Mil shares in Supermx last week...samewise, I think Comfort will also start engine to push up next level this week ...as this pricing has not been moved since the big4 rally, Comfort like what olman said would play catch up show ......after 5 will be next his next target 6,80 ! stay tuned

https://klse.i3investor.com/blogs/koonyewyinblog/2020-07-18-story-h1510605378-Supermax_Sellers_are_caught_Koon_Yew_Yin.jsp

Posted by PZOGRO > 2020-07-19 08:34 | Report Abuse

Comfort market cap Rm 2.262 billion divided by 5.9 billion gloves = 38 sen per glove.

Supermax market cap Rm 24.07 billion divided by 25.7 billion gloves = 94 sen per glove.

Based on my above calculation, Comfort is so much under-priced. That is why RHB OSK has Rm 4.80 target price for Comfort Glove.


Total for the year profit Rm 275.3 million

Total issued shares 580 million

EPS 47 sen

Based on P/E 20 target price Rm 9.40

Based on P/E 15 target price Rm 7.05

Based on P/E 10 target price Rm 4.70

https://klse.i3investor.com/blogs/koonyewyinblog/2020-06-21-story-h1508905214-Comfort_my_revised_target_price_to_include_tax_Koon_Yew_Yin.jsp

Posted by Goldberg > 2020-07-19 12:34 | Report Abuse

The Rm 4.80 target price for Comfort Glove conservative to say the least.

Total for the year profit Rm 275.3 million

Total issued shares 580 million

EPS 47 sen

A fair valuation at PE of 15 is Rm7.05.

Comfort is a laggard glove stock- accumulate.

Posted by geary > 2020-07-19 14:28 | Report Abuse

Comfort market cap Rm 2.262 billion divided by 5.9 billion gloves = 38 sen per glove.

Supermax market cap Rm 24.07 billion divided by 25.7 billion gloves = 94 sen per glove.

Based on my above calculation, Comfort is so much under-priced. That is why RHB OSK has Rm 4.80 target price for Comfort Glove.


Total for the year profit Rm 275.3 million

Total issued shares 580 million

EPS 47 sen

Based on P/E 20 target price Rm 9.40

Based on P/E 15 target price Rm 7.05

Based on P/E 10 target price Rm 4.70

Ya...These are FA...there are TA to consider...plus intrinsic value of management team...macro n economic...geopolitical factors...interest rates...supply n demand for its outstanding share...n present sentiments of its products.

Posted by geary > 2020-07-19 15:10 | Report Abuse

KUALA LUMPUR (July 19): When COVID-19 first started to send cataclysmic waves through the global equity market, glove maker counters were among those that had bucked the trend and skyrocketed due to a sudden surge in demand for disposable rubber gloves from both the medical and non-medical sectors.

Shares of homegrown rubber glove manufacturer, Top Glove Corporation Bhd had spiked more than 400 per cent year-to-date, creating more job opportunities during the pandemic.

However, on Thursday, the United States Customs and Border Protection (US CBP) imposed a detention order on imports from two of its subsidiaries, Top Glove Sdn Bhd and TG Medical Sdn Bhd, placing the companies on its Withhold Release Order (WRO) list.

The move saw Top Glove’s share price plummeting by 10 per cent to RM19.70, although trading was later halted by Bursa Malaysia due to technical issues.

Top Glove stocks were not the only casualties on Thursday’s trading, as its main competitors, Hartalega Holdings Bhd, Supermax Corporation Bhd and Kossan Rubber Industries Bhd also took a hit, which resulted in a total of RM10 billion worth of market capitalisation wiped out from the local bourse in a single day.

Top Glove said the WRO may be related to foreign labour issues which is expected to be resolved within the next two weeks or a month.

This was not the first time the glove maker had been put in a tough position by the US CBP.

In December 2018, the company faced the same predicament after a British daily, The Guardian, reported that its migrant workers were allegedly subjected to forced labour, forced overtime and debt bondage, and had their wages withheld and passports confiscated.

Top Glove, however, denied the allegations, and exports had resumed as usual.

Migrant Worker’s Issue: A Global Concern

When COVID-19 started to spread across the globe, the US Embassy in Kuala Lumpur tweeted that 65 per cent of medical gloves used by US frontliners had been made in Malaysia.

“Through the production of medical gloves and other medical products, the world relies on Malaysia in the fight against COVID-19,” it said.

However, in June, Britain’s Channel 4 reported that migrant workers were only paid £1.08 an hour (RM5.77) and were forced to work overtime to meet the demand for gloves during the COVID-19 pandemic.

Putting things in the Malaysian context, a wage of RM5.77 per hour is considered as standard payment, even for Malaysians who work as part-timers in the food and beverages industry.

Meanwhile, in the United Kingdom (UK), public service union assistant general secretary Christina McAnea said the UK government had treated its migrant workers in a “shameful way.”

“Migrant workers are in the frontline of the fight against COVID-19 in care homes, propping up a neglected system that would collapse without them.

“Hundreds of thousands of care jobs are unfilled, yet the government is intent on cutting off a source of skilled workers just when the UK needs them the most,” reports quoted her as saying.

In the US, media reports said that migrant workers were either turned away or barred from receiving treatment for COVID-19.

On the contrary, migrant workers in Malaysia -- both legal and illegal -- had received adequate treatment and care.

It is important to understand that Malaysia is not the only country to deal with issues posed by migrant workers.

It is a universal issue which requires global attention. Cherry picking on the matter would not help solve it.

US Detention Order - A temporary dent

An equity analyst said that the WRO would only have a temporary impact on Top Glove’s stocks as well as those of other glove makers.

“The foreign investors’ interest in Top Glove’s shares remain sturdy as it holds a huge market share in badly affected nations, especially the US,” she said.

According to Top Glove’s annual report for financial year 2019 (FY2019), the North America region -- comprising the US and Canada -- accounted for 27 per cent of its sales volume.

It noted that the sales volume to the region leapt by 20.3 per cent in FY2019 compared with FY2018.

As the world’s largest rubber glove manufacturer, Top Glove commands a 26 per cent share of the global market, with a production capacity of 80.2 billion pieces per annum.

As of July 17, the company’s market capitalisation stood at RM62 billion.

Besides rubber gloves, the company had also ventured into manufacturing other essential healthcare products such as the three-ply mask to address the shortage due to the pandemic, condoms, as well as dental care products.

At Friday’s close, the company’s shares on Bursa Malaysia rose 16.65 per cent to close at RM22.98, with a total of 56.56 million shares traded, erasing its losses from the previous day.

On the Singapore Exchange, its shares rebounded 15.87 per cent to settle at S$7.52.

According to research notes, Top Glove is expected to continue its bullish momentum and the uptrend is not expected to end anytime soon.

Posted by nicky > 2020-07-19 15:10 | Report Abuse

Dato Lau starts to acquire....

Posted by geary > 2020-07-19 15:13 | Report Abuse

nicky Dato Lau starts to acquire....
19/07/2020 3:10 PM

Critical thinking...calculated risks...he needs to execute at the right time...!!!

Posted by ccheemd > 2020-07-19 16:30 | Report Abuse

Big4 price is already sky high & comfort quarterly result will be known soon. Is this the right time?

Posted by KK > 2020-07-19 16:34 | Report Abuse

CarePlus will announce Q2 result very soon , might have a surprise with profit from disposal sale to Ansell and last quarter impairment cost of 4 mil stock

Posted by geary > 2020-07-19 16:36 | Report Abuse

Commentary: As world waits for coronavirus vaccine, antibodies treatment a needed plan B
Funding organisations must invest more resources to overcome hurdles in developing antibody treatments for the coronavirus, say observers.

Needed plan B at present momentum...so demand for gloves, masks, n ppe still exceed supply...Hold...!!!

Posted by secretinvestor8888 > 2020-07-19 16:41 | Report Abuse

rubbish.... throw this... buy KOSSAN, SUPERMAX, SUPERMAX WARRANTS

Posted by ccheemd > 2020-07-19 17:44 | Report Abuse

17.5 x 2=35
3.9 x 2=7.8
Think for yourself which one easier to achieve & more likely to happen

Posted by secretinvestor8888 > 2020-07-19 17:45 | Report Abuse

35 easier to happen

Posted by geary > 2020-07-19 19:25 | Report Abuse

secretinvestor8888 rubbish.... throw this... buy KOSSAN, SUPERMAX, SUPERMAX WARRANTS
19/07/2020 4:41 PM

Supermax...already a ten baggers...for those bought 3th week of March...@1.50...those who didn't...Sell or don't know when to sell...n still using margin...are looking for trouble later on...U didnt Sell means U didn't Win...!!!

Posted by cannielim > 2020-07-19 20:11 | Report Abuse

U.S. reports more than 70,000 new coronavirus infections for second day in a row https://www.cnbc.com/2020/07/18/us-reports-more-than-70000-new-coronavirus-infections-for-second-day-in-a-row.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard

Posted by calvintaneng > 2020-07-19 20:44 | Report Abuse

NOTE: LAST THURSDAY TRADING IN COMFORT HALTED

ON THURSDAY LAST WEEK BURSA WEBSITE CRASHED

WHY?

BECAUSE MORE THAN RM9 BILLIONS BUY/SELL ORDERS JAMMED BURSA WEBSITE CAUSING IY TO CRASH

THIS HAPPENED IN YEAR 1929 IN USA WHEN THE TICKER TAPES WERE ALSO JAMMED UP WITH BUY SELL ORDERS

SO WHERE IS THE ANSWER?

NETX OF COURSE

TROUGH ARIANTEC NETX SELLS THE EXINDA NETWORK OPTIMIZATION EQUIPMENT

THIS COULD HAVE SAVED BURSA FROM CRASHING

SEE

https://www.youtube.com/watch?v=vUi_cwBAqNk

Posted by Iamnotasifu > 2020-07-19 22:12 | Report Abuse

I enter this counter at 4.1... motherfucker... it better go up to at least 5 next week xD

Posted by MariYahiMariYaho > 2020-07-19 22:56 | Report Abuse

Who is the boss here always disposed and nowwwww
U see boss acquired, do u think u late join the show or still early Hahahahah , I won’t tell u my friend will sell u all high price ticket coming this week

Posted by MariYahiMariYaho > 2020-07-19 22:57 | Report Abuse

Or u can earn more , think yourself

Posted by geary > 2020-07-20 00:01 | Report Abuse

Geopolitical tension...!!!

https://www.scmp.com/news/china/diplomacy/article/3093762/us-has-lost-its-mind-morals-and-credibility-chinas-foreign

Posted by ikanbilishehe > 2020-07-20 08:44 | Report Abuse

hohoho... open rm 4

Posted by turtleking > 2020-07-20 09:07 | Report Abuse

gogogogogogogoo close 5 today

Posted by ikanbilishehe > 2020-07-20 09:10 | Report Abuse

comfort may be slower compare with others counter but it's steady bom pipi

Posted by PZOGRO > 2020-07-20 09:28 | Report Abuse

today is the time for comfort to show gut leading all small cap ...last week carepls limit up first then only comfort ruberex started to kick in.....vroom vroom vroom uncle show us the money

Posted by PZOGRO > 2020-07-20 09:33 | Report Abuse

go go go

Posted by PZOGRO > 2020-07-20 09:39 | Report Abuse

3.90 x 1.3 = 5.07 limit up price to close today....go go go

Posted by dusti > 2020-07-20 09:53 | Report Abuse

PZ. HOPE YOU ARE RIGHT!!!!!!!!!!!!

Posted by xfighter > 2020-07-20 10:35 | Report Abuse

What's the 1.3? :D

Posted by Lelouch Eddie Liang > 2020-07-20 10:41 | Report Abuse

just disposed all mine, no point to keep long term as there is risk, margin hit then run

Posted by Lelouch Eddie Liang > 2020-07-20 10:43 | Report Abuse

later dato lau disposed, then everyone panic sell again... lol

Posted by genghis > 2020-07-20 10:46 | Report Abuse

wah..apa lagi

Posted by ikanbilishehe > 2020-07-20 10:47 | Report Abuse

Trading Call: Buy on breakout RM3.95

Target: RM4.25, RM4.55 (time frame: 2-4 weeks)

Exit: RM3.48

Posted by ikanbilishehe > 2020-07-20 10:51 | Report Abuse

No need 2 weeks alrdy hit the target..omo

Posted by Aaron_tan > 2020-07-20 11:11 | Report Abuse

calvintaneng NOTE: LAST THURSDAY TRADING IN COMFORT HALTED

ON THURSDAY LAST WEEK BURSA WEBSITE CRASHED

WHY?

BECAUSE MORE THAN RM9 BILLIONS BUY/SELL ORDERS JAMMED BURSA WEBSITE CAUSING IY TO CRASH

THIS HAPPENED IN YEAR 1929 IN USA WHEN THE TICKER TAPES WERE ALSO JAMMED UP WITH BUY SELL ORDERS

SO WHERE IS THE ANSWER?

NETX OF COURSE

TROUGH ARIANTEC NETX SELLS THE EXINDA NETWORK OPTIMIZATION EQUIPMENT

THIS COULD HAVE SAVED BURSA FROM CRASHING

SEE

https://www.youtube.com/watch?v=vUi_cwBAqNk
--------------------------------------

eh sohai, have you subscribed the netx RI ?

Posted by TheThird > 2020-07-20 11:15 | Report Abuse

420 GET HIGH. YEE HAW!!

Posted by wallstreetrookie > 2020-07-20 11:56 | Report Abuse

comfort should be valued at RM7.50 strong buy

Posted by Max2838 > 2020-07-20 12:29 | Report Abuse

Dato Lau last sale transaction in June about RM 3.00
Dato Lau latest buy transaction in July about RM 3.67
Why does Dato know that we don't?
Covid, more glove demand, higher ASPs ? Everybody knows that.
You can guess as much as you can about the ASPs, but only Directors know the exact ASP for every month from July to December.....

Posted by PZOGRO > 2020-07-20 12:44 | Report Abuse

If see the trend correctly Dato will start to unload on every dollars rise. Let see on 4.50.....then 5.50 then 6.50 and so on....

Posted by JCTRADE > 2020-07-20 12:45 | Report Abuse

Cup and handle formed. Breaking 4.37 will be hitting 4.93 tp

Posted by PZOGRO > 2020-07-20 14:16 | Report Abuse

@uncle, don't upset by Tg and Supermx bonus issues, Comfort to follow through very soon....limit up cheers

in 2011, mostly all glove makers announced bonus after great year recovery in 2009/10 financial crisis

https://www.theedgemarkets.com/article/more-companies-propose-bonus-issue

Posted by geary > 2020-07-20 14:19 | Report Abuse

Max2838 Dato Lau last sale transaction in June about RM 3.00
Dato Lau latest buy transaction in July about RM 3.67
Why does Dato know that we don't?
Covid, more glove demand, higher ASPs ? Everybody knows that.
You can guess as much as you can about the ASPs, but only Directors know the exact ASP for every month from July to December.....
20/07/2020 12:29 PM

Insider buying is a positive sentiment...probably more to come like bonus issue...◉‿◉