TP for comfort is RM7-8 now, considering all IBs are revising their target price for goove companies. There are more quarters to come. Glove is the best business nowadays, no one can deny that. Patience is the key.
definitely should be more than RM 6...dont forget the ASP also increase, thought ASP is not like supermax but ASP still increase thus next qr will record higher PAT...so if you use forward valuation, current price is considered cheap
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kory1310 Probably someone sifu here can tell us the exact fair share price of this company based on latest quarter report...
be confident that in the midst of such vaccine news, he bought back, that explains eveything...action speaks louder than words....relax and enjoy the sweet fruits later...
Regarding the GDP announcement, if everyone can think rationally which sector make the most money in this Covid 19 pandemic? Finance? Petroleum? ANSWER IS GLOVES
I'm not saying this cos I want share price to up or whatever. I sold All comfort at few weeks back. But yea this fear of vaccine is really strange. Glove demand won't disappear. Whoever r pointed out that to administer billions of vaccine, ppl need to wear gloves, I agree.. Even to manufacture need to wear gloves. If one day cure for HIV found,will yall f**k without condom? I hope not cos there are many more diseases just like there are many more virus in this world. But perhaps this vaccine is a wake up call to the high valuations.. It definitely does not mean demand growth will slow..
Top 4 glove counters n Comfort have no momentum to go up since 11-11.30 am... Today BNM will announce GDP growth of second quarter.... It looks like small correction after 3-3:30...
i dont know la but i think ah its from the massive shock. Maybe momentum will come back next monday or maybe it wont. Lets see what happens over the weekends. Still holding mine 4.16 :)
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New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
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degaht
338 posts
Posted by degaht > 2020-08-13 11:35 | Report Abuse
comfort's fair value is at RM 6...it is considered a fair bargain at current share price..continue hold.
why worry when institution funds are revising top 4 gloves and supermax been re-rated @13 Aug
CITI Research maintain BUY on SUPERMX. Target price = RM24.90
https://klse.i3investor.com/servlets/ptres/56258.jsp