yala, last time the big players just spread the vaccine news to splash the glove price for thier low price collection, no one now dare enter ald. thanks for big player!
lazy play guessing games dy. yes stockexchange is right. no1 wants to make first move coz scare later limit down. everyone wants to buy when the price has been 'established' as a upward trend
my estimate of very good is 40mil , 50mil - super good, beyond 50m - sailang tomorrow, by right 5b capacity can make more actually but they have alot of industrial gloves
small fishes will only enter, when the price boost constantly & continuously. Im sure now small fish will not dare enter into market even it is now 5.0. bcos the price are too fluctuated.
Mercator Polish (WSE: MRC) glove counter up from PLN 10 (January) to PLN 385, so it is only a matter of time before it shoots up to RM 24 or more. My advise is just buy and keep and see the bull run.
Assume 4 quarters of the same results (not factoring in any growth) 7.34 x 4 Q = 29.36 EPS 20 PE = 29.36 x 20 = RM5.87
If we factor in a little growth
25 PE = RM7.34
Current running PE (based on EPS of the last 4 quarters) = 31.35
To put it in perspective, the running PE for the rest that have just reported their earnings: Ruberex = 36 PE Carepls = 50 PE Harta = 86 PE Kossan = 57 PE Supermx = 47 PE TopGlov (has not reported their latest earnings yet)
Comfort is clearly oversold and undervalued in relative terms, at the moment.
qr result vely good.but have to be careful tomolow.bursa now reverse.. stock not good quater price go up but the one show increase profit price go down..bugger
To meet this increase demand, the Group has begun optimizing and streamlining its existing operations to increase productivity and output by 10% this quarter when compared with the 1QYE21. The Group intends to continue this process with the goal of achieving an additional increase of 10% by 4QYE21. In addition to this, the Group will commission additional production lines that will increase overall capacity by 20% by 1QYE22. The current market environment has allowed the Group to work with our partners worldwide to lock in commitments for the purchase of gloves for the next 18 months.
Ya... 62 new cases news came out 4:50pm... And u guys sapu last minute? haha... The whole days saw sentiments of u guys here up and down, quite torturing
KUALA LUMPUR: Comfort Gloves Bhd registered its best ever quarterly profit in the three months ended July 31 on stronger sales and higher margin.
"The increase emphasis placed on hygiene and sanitation by Covid-19 has led to an increase in the demand for the Group’s speciality premium gloves," the company said in a filing with Bursa Malaysia today.
Comfort Gloves said based on its discussion and feedbacks from partners worldwide, it expects demand for premium gloves to increase further.
"The emphasis on hygiene and sanitation will also not be reduced in the event a vaccine becomes generally available," it said.
Net profit is the second quarter soared to RM42.8mil, or 501% higher compared with RM7.1mil made a year ago.
Revenue rose to RM198mil from RM117.6mil previously.
Comfort Gloves has declared an interim dividend payout of 1.5 sen a share.
To meet the increased demand, the group has begun optimising and streamlining its existing operations to increase productivity and output by 10% this quarter when compared with the 1QYE21.
"The Group intends to continue this process with the goal of achieving an additional increase of 10% by 4QYE21," it said.
In addition to this, Comfort Gloves is adding new production lines that will increase overall capacity by 20% by 1QYE22.
"The current market environment has allowed the Group to work with our partners worldwide to lock in commitments for the purchase of gloves for the next 18 months," it said.
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stockexchange
97 posts
Posted by stockexchange > 2020-09-07 15:33 | Report Abuse
bcos everybody is wait for ppl to collect the share on high price. no one willing to rugi !