Sell all Comfort and shift to Ruberex(7803) Ruberex is going to propose second interim single-tier dividend 1.5 sen per ordinary share of RM0.50 each by November 2016
hisehatu:i prefer company take profit for business expanding instead of given dividend.many dun understand dividend need deduct share price unless the stock can further up if company very very very good very very undervalue
Comfort will automatically face a big correction due to its Price/Book Value hit up to super high of 1.78 times,means that this counter at present is super over value it may come down to below 0.70 in the near term
Technical shows that panic selling in last 4 days. The sold volume is lower and lower. 4 red bar continously. Fundamentally this company has no issue. It should worth 0.8. So now is slightly undervalued. When nearer to next quarter results. It might shot up to around 0.85 or 0.9 assuming next quarter have a good result again as they predicted in the report.
share price dropped a lot last quarter: from 0.80 to 0.61 is due to inventory burned and everyone panic and worry about this quarter performance. And comfort shows very promising (better YoY) result on this quarter regardless of the accident happened last quarter. Do you think it will drop to there again? it should worth what it has to be before the accident which is ~0.80. So the last few days share price drop is totally normal, its for those people who want to sell for profit (i also can sell for profit since i bought at 0.6x) but I feel it should worth more by end of this year! Save my effort to adding risk by reallocate my money to other counter since I done a lot of study on comfort and i feel it has potential yet undervalued so far. So the share price now is definitely normal if you monitor past year data until now. Always got people sell for profit or cut loss. If you believe in it (PLEASE DO YOUR OWN ANALYSIS) then just hold or buy in at lower price for your future sake! Dont follow the wind :D. Just my 3 cents.
Keep on move toward South due to its super over value pls keep in mind its Price to Book Value still remain very high,that is 1.7 times,unless its P/BV reduce to 1 time,it means that its price will also come down around 0.42-0.50 The price would not be sustained due to its management policy of zero dividend payment even though this selfish company made so much profit for the last few quarter of financial report
when do you see a counter that doesnt drop. Surely people will sell for profit and reallocate their money to other places. up and down is super normal.... just now i monitored a strong buy queue at 0.715~0.720. means people are continuing to collect. Over price or not do your own analysis. at least simplest way is to see pe on competitor. now they are almost similar with top glove that already reached the limit. top glove is bigger company, but i dont see further expansion on it. I but comfort is for future, not now. Small company and eating top glove market.. top glove is waiting people to eat into their market right now. if top glove doesnt do something (other than close malaysia factory and move to thailand). its very hard to grow... what they can do is just cut cost to gain profit... again.. do your own analysis.. and i m sure big player knew these. they are creating sentimental/panic and earn from small player. thats their job to get rich thought.
yesterday closed 0.725 and its P/BV maintain at 1.72 times (0.725/0.42=1.72) Pls do not chase for higher price and let it fall to reasonable price of 0.60 and below
compared with main competitor topglov (4.95/1.4) = 3.53 ? what is abcd intention that keep spreading rumours and mislead every time when the counter drops a bit since early of the year? you want to collect cheap price? lol
abcd is a syndicate agent to make small fish panic. Can see him at RUBEREX, seems like nobody care bout him. he just need attention and love. lol...
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Arvim6
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Posted by Arvim6 > 2016-10-01 11:46 |
Post removed.Why?