Datuk Kevin Lau Eng Guang (co founder of Leong Hup Holdings) emerged as substantial shareholder during Comfort Glove regulation plan in 2015. Now he and his family owned more than 20% stake. Kevin Lau is an old man in the market and he used to own a rubber glove company but then he retired and left for US.
riko, who say I tak boleh pakai. Had you listened to me you should sell at 74.5 sen today.
Posted by riko > Feb 19, 2017 06:29 PM | Report Abuse i have told you that this guy(k55s) tak boleh pakai liao, you can check his previous comments ,always give false alarm , do homework lah why quarterly loss ... dont spread the shit.
Based on latest Q3'17 result, Comfort share cap = RM55.8mil, share premium,=RM72.0mil n Retained earning=45.9mi. Under the new company act, in future, there will be no more share premium account in balance sheet. Hence the current figure in share premium need to be utilised for bonus issue or transfer it to retained profit.
If consider bonus issue it should be at least 1 for 1....How you all think??
don't let bones accumulate this stock. Once he fully accumulate , he will write something on this hidden gem Maybe he will link jack ma with comfort boss...
linges.. hold on to your stock. Coming soon. 73 cents is the base now. Need something to trigger the explosive.... Comfort is waiting for its turn to goreng like kps and dataprep.... The goreng king and the chicken king is waiting for the right moment.... they also do not want to waste this bull run to make more money for themself ....
The outbreak of diseases will always spurs the demand for gloves, as what happened to Kelantan this week. Just like consumer product companies, glove companies is recession proof. People get sick even it is recession, and hospitals need gloves as what people need water, food and shelter.
Comfort glove has a clean balance sheet as compared to another small glove company, Careplus. It is in net cash, with a big room for expansion as opposed to Careplus. Careplus has stretched their balance sheet just to keep in the game with big guys.
In addition, the average currency exchange between Nov 16' to Jan 17' is estimated to be around RM4.40/USD, while in the previous quarter, Q3 is approximately at RM4.10/USD (when they achieve RM8.3 million net profit). In Q2, the average is RM4.05/USD, where they achieved RM6.0 million net profit after deducting the proceed from insurance claim of RM12 million. Believe that they will post a higher revenue and net profit in Q4!! In long term, the share price will keep rising in tandem with EPS expansion. Remember that Top Glove was once a penny stock, unlike today. Short term TP RM0.90, while long term RM2.00 (probably can be achieved in 2-3 years)
Do not forget that Top Glove has openly declared their intention to acquire smaller player. Only god knows which company they are looking after.
comfort cannot grow organically. Too slow if doing it this way . They have to merge with other company. They are working something behind the scenes. Just trust me and buy. You won;t regret.
Usually the commodities like rubber & latex will follow the oil price. Now that oil price has decline, their raw material become cheaper. Good news is currency exchange still hover between RM4.45 to RM4.42/USD. Meaning their margin will improve!
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ks5S
4,601 posts
Posted by ks5S > 2017-02-20 14:16 | Report Abuse
riko-song... kaki-kong, kaki-song