@Stockraider - time to enroll for British Council courses, Keen Setup is still the major shareholder of Comfort. It's just that Bryan has reduced his shareholding in Keen Setup. If you can't afford British Council then better keep quiet. Your words are more misleading than the press.
Raider says look at sohai announcement mah...!! IF KEEN SET UP SOLD 84M OF COMFORT TO HIS FAMILY MEMBERS THAT HAD BOUGHT..THEY MUST DISCLOSED WHO ARE THE FAMILY MEMBERS OF LAU THAT BOUGHT LEH ? VERY SOHAI N MISLEADING MAH...!!
OTHERS COMFORT GLOVES BERHAD ("Comfort Gloves", "COMFORT", or "the Company")
COMFORT GLOVES BERHAD
Type Announcement Subject OTHERS
Description COMFORT GLOVES BERHAD ("Comfort Gloves", "COMFORT", or "the Company")
Referring to the article published by The Edge Markets dated 4 September 2020 which reported that Comfort Gloves’ majority shareholder sells off stake.
The Company wishes to clarify that the disposal of shares by Lau Joo Kien Brian (the son of Dato’ Lau Eng Guang) in Keen Setup Sdn. Bhd. is to his immediate family member (herein refer to internal restructuring of Keen Setup Sdn. Bhd.).
After the internal restructuring of Keen Setup Sdn. Bhd., Lau Joo Kien Brian's controlling interest in Keen Setup Sdn. Bhd. had dropped below 20% hence he ceased to have deemed interest through Keen Setup Sdn. Bhd. pursuant to Section 8(4) of the Companies Act 2016, and thus, ceased as a substantial shareholder of the Company.
In conclusion, Keen Setup Sdn. Bhd. is still controlled by the Lau’s family and their controlling interest in COMFORT via Keen Setup Sdn. Bhd. remained unchanged.
A 15% increase in ASP could double their profits. Assume that’s the case. That’ll be 5.6 EPS
Assume they do the same for the next 4 quarters 5.6 x 4 = 22.4
Assume 20 PE 22.4 x 20 = RM4.48.
Regardless of whatever is happening in the shareholding, this is its potential.
The current price is not overinflated at all. Are there other glove stocks with greater potential? Of course. Is this a bad stock to hold? Or course not.
If they raised their ASP by 30%, the earnings would be significantly more.
The current malaise in the market is affecting all stocks, not only gloves. Once sentiments get better, hopefully we see all glove counters recover strongly.
I think our people scare DJ correction more than over-valued gloves la... After worrying for many days, last night finally DJ correction, and it might take a few more days... This is tradition. Anyway, rest your worry, DJ never dies, though it sometimes collapses. DJ, play that funky music...
In the study, half of the participants developed fevers and 42% developed headaches. In addition, about 28% experienced weakness and 24% had joint pain.
WHO says widespread coronavirus vaccinations are not expected until mid-2021
The organization is stressing the importance of rigorous checks on their effectiveness and safety.
None of the candidate vaccines in advanced clinical trials so far has demonstrated a “clear signal” of efficacy at the level of at least 50% sought by the WHO, spokeswoman Margaret Harris said.
"As a result, customers must now wait nearly 600 days for their orders to be filled, compared with a normal delivery time of 30 to 40 days, said chief executive, Lim Wee Chai."
1) TG Earnings report 2) TG US customs resolution 3) Comfort earnings report (should be good, hope it'll be great) 4) Perhaps early reporting of Supermax results in October (yet to be seen)
Run when u still have some limited time to act mah..!!
Posted by IronShirt > Sep 5, 2020 11:21 AM | Report Abuse
If you want to used 3-4 times TP is a better product, but most Glove are same day throw or one time used....lower spec. can sell very well in India and Africa / Latin America
After I sold almost all my glove stocks, I cannot find any stocks besides glove stocks that have profit growth prospect which is the most powerful catalyst to push up share prices. The pandemic has been affecting everybody and all the listed companies with the exception of medical gloves and medical products for the virus prevention.
I believe the glove stock play is not over yet. All the glove makers should be reporting increasing profit in the next few quarters. Smart investors can still make money. I am waiting for the glove stock prices to rebound. By Koon Yew yin
Lim Kok Thye also sold his business, and he sold Zouk to his son... It makes me wonder was it because he wants his son to party with Paris Hilton like Jho Lo, or anything else ridiculous? Father and son need to Kira so much meh until need to pay for ownership of business, and after all it's deemed as family business at least from our perspective, who knows well that Chinese is eventually Chinese, Jews is always Jews, Sicilian is always Sicilian, they stay with the family. But like some Jews they are special, they share their company fortune with employees, and some even give away a large part as charity. Steve Jobs even once lost his control in Apple the company he founded, Apple didn't actually die also, and now Jobs is strumming harp in heaven, Apple is still the largest in the world. It's like some successful Chinaman company, the taukeh himself doesn't have MBA or PhD, but he engages someone else with that to do it. So Brian sold his stake and Comfort will die together?
The last one out from glove need to close the door..
Shareholders who cash out gradually will laugh till xiao...
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Posted by wehcant > 2020-09-04 18:40 | Report Abuse
Steer investors on safer course when family squabbles erupt.