Comfort is in trend reversal & good buying opportunity - Koon Yew Yin - Koon Yew Yin's Blog | I3investor
Comfort is in trend reversal & good buying opportunity - Koon Yew Yin Author: Koon Yew Yin Publish date: Sat, 29 Aug 2020, 10:17 PM
Covid 19 pandemic is affecting everybody and all listed companies except medical gloves stocks and medical products to prevent the virus. The demand for medical glove far exceeds supply. All glove makers can easily increase their selling prices to take advantage of the big demand.
As shown on the charts, Supermax has shot up from Rm 1.80 to close at Rm 22.14 in the last few months, an increase of 12.3 times; while Comfort has shot up from 80 sen to close at Rm 4.31, an increase of 5.4 times.
As shown on the chart below Comfort was selling at Rm 6.76 on 3rd Aug and closed today at Rm 4.31, a drop of Rm 2.45 in less than 3 weeks. During the same period, all the other glove stocks have gone up.
Smart investors should be able to see that this is so ridiculous. It is a good buying opportunity to make money. I sold Comfort earlier to buy Supermax and today I sold Supermax to buy Comfort.
As I said many a time before, no stock can drop continuously for whatever reason. After sometime it must change its trend. The best time to buy is at its pivoting point.
Comfort will report its 2rd quarter result ending July before end of September. Like all glove stock, the result should very good.
My intention for writing this piece is to help readers to make more money. Remember whether you buy or not does not make any difference to the share price because the daily volume traded is a tens of million shares.
Covid 19 will damage US so badly - Koon Yew Yin - Aug 31, 2020 Covid 19 cannot be eradicated completely - Koon Yew Yin - Aug 31, 2020 Chapter 8 (Bonus Chapter): The Winning Formula of Ooi Teik Bee - Aug 26, 2020 AmBank Research is misleading - Koon Yew Yin - Aug 26, 2020 Investors should not be frightened by vaccine news - Koon Yew Yin - Aug 25, 2020 Vaccine will not reduce demand for gloves so soon - Koon Yew Yin - Aug 23, 2020
Next qr min profit 30m to 40m..... That is what we know since last qr profit 16M.. ... After this see boss wanna given bonus split boh..... Now 4.32 is consider cheaper... May push up until 6.50 to 7.00..... Soon.....
Guys remember not only gloves earning 30m to 40m, so many other stocks are so much undervalued and yet there are people shouting Gloves are undervalued
Even with a vaccine. India is doomed. Look at their latest spike. And they have no efficient administration in their poorer regions. 78,000 in one day spike. They have no control. Their demand for the gloves will soar and even if america improves it also doesn’t change the story. The vaccine is temporary and requires top ups. This means no one is fully immune and hence gloves will still be necessary to be used by medical personnel. Nothing changes. It’s why the directors picked up stock last week. They know the story and they know when are good prices to collect.
Comfort Gloves Bhd was leading the downtrend during the month with the biggest loss. Its share price tumbled 19.6% or RM1.05 to RM4.31 as at Aug 28 against RM5.37 at end-July.
@oilwaterman the way he say dao like he regulate the supply for vaccine and glove counters. which phase also know which country glove supply also know. wow he must really hate earning money
Fauci would always disapprove Trump's false statement NoorHisham would do the same to our ridiculous Minister also, or prefer to remain ignorant to what joke the Minister brought to social media. It's either there is still no promising vaccine from US at the moment, or Solution-Cansino will be another Con, or the vaccination shouldn't be commercialized at all. It should better be a non-profit scheme to take care the welfare of the Poor altogether, and thus nothing from it should be worth speculating in the stock market.
the old fox kena left n right on Supermx and now he come here to lure retailers !!! I foreseen the price will not hold because old fox n the gangs are buying and selling aggressively. As his favourite word "only the fool" will not profit taking !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! I already ride on old fox tail n took few hundred k profit from him !!!!! hihihihi............. soon this old man will loose a big chunk of his gloves profit to international buaya which are seen swimming around small bursa pool.
1) We don't need glove as many now. US case dropping (although India's case up, but they are too poor to buy as many gloves at high price).
2) Vaccine will only be here early 2021 in Malaysia (although USA will start populating vaccines end of 2020)
3) What to do between the fall of gloves until the rise of vaccines? Budget 2020 for Malaysia with possible GE15 if budget is not approved by parliament. And US presidential election with 2nd Trump administration as a result.
If you guys want to fight, you need to save your saliva for another 2 months.
Best thing to do is to invest on good fundamentals. Gloves are fully booked and undergoing line expansion. It is not so easy to expand as the production lines require high investment and testing before it can be used. Not to mention compounding of raw materials before the actual production can start. One glove production line can be up to 1.2km long depending on the type and speed. this is a stark contrast to mask production which machines are lower cost and the skill to manufacture is not as complicated. Believe in the companies and the demands which all are fully booked till next year. Lets not creat disharmony. Threads are for constructive ideas and we all live in the same country.cheers guys
For aN ONGOING GLOVE OPERATION, EXPANSION IS EASIER THAN WHAT ,MOST PEOPLE THINK. SECURING ADDITIONAL TOP GRADE RAW MATERIALS MAY BE SLIGHTLY MORE DIFFICULT, BUT NOT INSURMOUNTABLE. GOOD MANAGEMENT WILL HAVE ALL THESE IN THEIR CONTROL. . YES COMFORT WILL CLOSE >4.7, AFTER 4pm.Actually heading for a new high. Good luck ALL
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
KK
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Posted by KK > 2020-08-31 22:44 | Report Abuse
https://www.channelnewsasia.com/news/world/covid-19-coronavirus-vaccine-flu-virus-vector-russia-china-13068746?cid=FBcna