Posted by A Choo Pin > 2017-03-29 11:29 | Report Abuse

good..buy buy buy

Posted by linges > 2017-03-29 19:10 | Report Abuse

http://www.malaysiastock.biz/Company-Announcement.aspx?id=961550

Posted by linges > 2017-03-29 19:16 | Report Abuse

revenue, profit and NTA; both for Q-Q and Y-Y; increased...:))

Posted by xcu843 > 2017-03-29 20:00 | Report Abuse

Good report

Posted by linges > 2017-03-29 20:12 | Report Abuse

Hope tomolo gap up above my avg 74.7c...:))

Posted by vxpoison > 2017-03-29 20:30 | Report Abuse

Current year prospects

The Group is planning to install an additional 8 production lines in financial year
ended 2018 to bring the total production lines to 48. This will boost productivity by at
least 20%.

Continuous research and development projects will be carried on to promote better
quality speciality gloves. With encouraging response from customers for speciality
gloves, the Group will maintain its focus on these gloves.

The Group foresees that current market conditions will remain robust and challenging.
However, the Group remains confident that through cost reduction and improvement
in efficiency will enable the Group to be more competitive in the quarters ahead.

Posted by vxpoison > 2017-03-29 20:32 | Report Abuse

Preceeding Year to Date Comparison

Following the installation of additional 8 production lines, the Group’s productivity
increased by 20% as compared to previous year. To be cost effective, the
management team aggressively conducted projects to improve on production
processes and yield. Through energy efficiency projects, the Group achieved a great
saving in consumption of natural gas and water by 17% and 20% respectively. The
saving in natural gas mitigated the impact of increase in natural gas rate of 26%,
hence, further strengthened the Group’s competitive position.

The sales revenue increased by 14% mainly due to increase in demand of specialty
gloves. The Group has successfully built up reputation on quality specialty gloves that
suit for various applications at a reasonable price. This was also contributed by
management team that actively involved in sourcing supply chain partners that
offered value added products and services.

The Group’s performance was affected by fire outbreak that occurred in March 2016,
which led to a loss of RM 0.6 million. The fire outbreak slowed down the gloves
manufacturing operations in both 1st and 2nd quarters. The Group is able to maintain a
gross profit margin and net profit margin of 15% and 10% respectively.

Posted by satellitel510 > 2017-03-29 21:33 | Report Abuse

steady! cash rich and debt free!

Posted by azlan88 > 2017-03-29 23:43 | Report Abuse

not a bad result eventhough I'm expecting more than RM10 million net profit. The current EPS is 4.62cent, which should be higher if not for the losses due to fire at their factory in Q1 FY16.

PE is 15.5%, which is on the low side considering that they achieved same margin with Topglove & Kossan. Here is the breakdown of glove manufacturers PER and their margin percentage.

[Market Cap, PER, Margin, ROE]
Hartalega [RM7.965b, 31.2x, 15.00%, 24%annualized]
Topglove [RM6.278b, 28.7x, 9.77%, 16% annualized]
Kossan [RM4.028b, 23.7x, 11.00%, 18% average]
Supermax [RM1.346b, 19.64x, 8.30%, 8% annualized]
Comfort [RM0.400b, 15.5%, 11.24%, 12.5% actual]
Rubberex [RM0.181b, 8.7x, 6.73%, 8.3% actual]
Careplus [RM0.152b, 959x, 3.06%, 0.2% actual]

If it is accorded a PER of 20x (some discount as compared to Topglove and Kossan due to smaller size], the price shall be RM0.92, which is 20 cent upside from the current share price.

The management is very committed to enhance productivity and cost saving, which I think they will overtake bigger glove manufacturers by delivering on efficiency and productivity.

Posted by A Choo Pin > 2017-03-30 10:43 | Report Abuse

result out and good..lai lai lai .

Posted by Frontline > 2017-03-30 12:21 | Report Abuse

No go.

Posted by linges > 2017-03-30 12:39 | Report Abuse

Still at 72c...hmmm.. i don't understand

Posted by kyosan > 2017-03-30 12:41 | Report Abuse

look other gloves counter...n compare their revenue n profit vs net worth..

Posted by riko > 2017-03-30 15:54 | Report Abuse

talk 3 talk 4 , no used lah ... as i said ... pukima control this counter.

Posted by vxpoison > 2017-03-30 17:09 | Report Abuse

Looks like riko very du 9 Lan this counter.... U must be holding at a high price I guess...

Posted by riko > 2017-03-30 18:08 | Report Abuse

75c/half year

Posted by Frontline > 2017-03-31 13:27 | Report Abuse

Waste money and time only

Posted by Orang_Terengganu > 2017-04-02 21:49 | Report Abuse

If bull market still drop then Comfort is the 1 lousy not SKH.

Posted by smartInvestor1 > Apr 1, 2017 06:48 PM | Report Abuse
you try to check the history and pattern. this lousy stock is goreng stock.

Posted by A Choo Pin > 2017-04-04 08:56 | Report Abuse

i hold it since last year around june at price 0.88 something ,then i keep buying until now my price 0.76.... keep buying ~~ matter of time..~

Posted by farinsight > 2017-04-04 15:24 | Report Abuse

hi smart sifu,

之前写的两次分析，对我长期投资很有用处，如何能看回呢?

Posted by riko > 2017-04-04 17:15 | Report Abuse

kaki kong kaki song.

Posted by farinsight > 2017-04-04 21:52 | Report Abuse

smart sifu, 非常感谢，我需要多多向你们学习。把你的分析再加上koko888 sifu的分析，更棒。我也想收它几年，只要安持续成长。谢谢！

Posted by Davidl > 2017-04-04 22:59 | Report Abuse

Should b very safe to enter at around 60cts.

Posted by Jolin Lai Chi Pet > 2017-04-05 12:34 | Report Abuse

buy it before limit up!!!!!!!!!!!!!!! good profit company

Posted by VFTRADER > 2017-04-05 15:50 | Report Abuse

If look at the result and management, this is a good company. in the past, Top Glove, Kossan n Hartalega took about 10 years to give investors 10 fold return.

That means if someone invested 1mil, 10 years later if they sold their share, they will get 10mil.
And take this 10mil put in 3% FD, per year interest is 300k, per month is 25k.

Not many jobs offer 25k salary per month. Good luck.

Posted by riko > 2017-04-05 23:22 | Report Abuse

apa x apa lah = apa lah ... stock can caculate like this ah ???? apa logic.
so easy , i teach you ... go to maybank/public bank/cimb bank/apa bank.... loan 100m and hantam. after 3 years come here and share your achievement.

Posted by Jolin Lai Chi Pet > 2017-04-06 08:17 | Report Abuse

use all your money to buy this stock!!!!!!!!!!!!!! SURE WIN......................TP at least Rm1

Posted by happy72 > 2017-04-06 08:34 | Report Abuse

This Stock really so slow. I already kept for 2 year for high price-0.91

Posted by VFTRADER > 2017-04-06 09:09 | Report Abuse

0.91 time is when investors convert their warrants to share and they need some fund to fullfill this requirement. So someone just goreng the share to get extra fund from the market for them to utilised it. This is how share market work.

When 2 big investors came in 2014 whwn the company still in PN17, the share price just around 20sen.

Posted by VFTRADER > 2017-04-06 09:14 | Report Abuse

Cheang who was formerlly onwer of Seal Polymer Bhd (Sold to Supermax at RM1.40/share), together with Lau family dumped in RM22mil each into this company. 22mil for Cheang is huge amount and no businessman will dump so huge money into a company without making sure the company is making money....

If you only have 1mil and you invest 600k into 1 company and you run the company, will you let this company drain away your investment??

Posted by happy72 > 2017-04-06 11:48 | Report Abuse

thanks for your comment.

Posted by lloydlim > 2017-04-06 17:47 | Report Abuse

Time to start accumulation.

Posted by hbyap > 2017-04-06 17:48 | Report Abuse

$$$

Posted by vxpoison > 2017-04-06 22:42 | Report Abuse

touching MA200.... Danger zone. Been selling for days.... Guess the wash out cycle is almost completed... Can average down as current price is the best entry.

Posted by VFTRADER > 2017-04-07 15:24 | Report Abuse

Would like to share some simple calculation as below:

[1] Top Glove ( based on its FY AR from 2001 to 2015)
a) Total invested for Prop, Equp & Machine = RM1,713,333,000
b) Total new lines increased = 430 lines
c) Total new Capacity increased = 38.8bil pcs.

Average per line investment = RM3.984mil.
Average per bil output investment = RM44.158mil.



[2] Kossan (based on its FY AR from 2005 to 2012)
Note: deduct 10% out from the total investment as they have other rubber products.
Average per line investment = RM4.258mil.



[3] COMFORT (Based on 2016 & 2017 FY AR)
a) Total invested = RM79,736,000
b) Total lines up = 21 lines (based on newspaper interview)
c) Total cap up = 1.9bil pcs (based on newspaper article)

Average per line investment = RM3.896 ( very close to the Top Glove figure)
Average per 1bil output investment = RM41.9mil (very close to Top glove figure)

So for Comfort to add 8 more lines in FY2018, total investment will be RM31.2mil.
I think the new cash that going to generate in FY2018 is sufficient to support this expansion.
8 lines estimate can generate additional 0.7bil glove capacity per annum.

Hopefully my calculation boleh pakai.....

Posted by Zack Aziz > 2017-04-07 22:52 | Report Abuse

Time to buy

Posted by VFTRADER > 2017-04-08 16:10 | Report Abuse

One of my friend is passive investor and he bought Top Glove in 2001 but I don't know how much he was investing and now he said Top Glove Dividen is crazy.

For calculation purpose, I assume he bought 5 shares at RM2.00 each and total =RM10.00

BI=Bonus Issue

2002 BI=5 get 2. Now own 7 shares
2003 BI=5 get 2. Now own 9.8 shares
2007 BI=5 get 2. Now own 13.72 shares
2010 BI=1 get 1. Now own 27.44 shares
2016 BI=1 get 1. Now own 54.88. shares

2016 dividen/share is 14.5sen.
He got 54.88 share and total dividen received is RM7.96.

He invested RM10 (in 2001) and now dividen return is RM7.96. = 79% per year.
For those who invested RM100k back then, now Top Glove is paying them RM79k in 2016.

This is just dividen for 2016.


EPF is 5.7% for 2016.
ASM is 6.0% for 2016.

Posted by TF Peter > 2017-04-09 23:53 | Report Abuse

How about this counter?

Posted by vxpoison > 2017-04-10 16:23 | Report Abuse

if you can hold for another 3-6 months...... then it's good

Posted by azlan88 > 2017-04-10 20:48 | Report Abuse

flag formation, MACD still bearish but about to cross the 50-day. Collect before limit up like Willowglen. haha

Posted by siam8888 > 2017-04-10 23:14 | Report Abuse

Down trend.....

Posted by A Choo Pin > 2017-04-11 12:33 | Report Abuse

lai lai lai

Posted by TrippleZ > 2017-04-11 16:58 | Report Abuse

Like that you call good news?

Posted by lloydlim > 2017-04-11 18:58 | Report Abuse

Wellsay smartinvestor1

Posted by VFTRADER > 2017-04-12 11:44 | Report Abuse

Smartinvestor1, what you said possible right. those big fund is pushing down the price to force retail players sell the share to avoid them make money when they push out the price again.

Just look at TopGlove, EPF is selling in the past few weeks to apply this strategy.
Everytime TopGlove price drop to below RM5, you can see EPF is selling.
Then they buy back again push the price up to above RM5.

Posted by Frontline > 2017-04-12 15:59 | Report Abuse

Next level RM0.65 coming soon.

Posted by azlan88 > 2017-04-12 22:02 | Report Abuse

Deep pocketed shark can press the share price by putting blockage. Haha

But the dynamic will change when its market capitalization breach RM 1 billion in 2-3 years time. During that time, the share base has expanded, which allow funds to take part in the shareholdings. Currently the shareholders are mainly individuals, based on annual report.

Comfort will add another 8 production lines this year in addition of 24 that they currently have. Based on annual report, they have another 4 hectares of adjacent land, which provide enough space for expansion. Their current factory is only taking up a portion of 2.45 hectares.

The current shareholder and management has done a good job of turning around the company and now preparing for growth. Glove manufacturing is a volume game. If they do not expand, they would be stagnant like Rubberex. But if they expand too fast, pile of borrowings would burden them, just like Careplus. I expect them to offer right issue with warrant, for expansion, which I am not hesitate to take up.

Posted by popo92 > 2017-04-13 13:26 | Report Abuse

around 200million gloves capacity currently, how much do comfort to expand in order to breach rm 1billion market cap? compare to its peers, you will have the answer.

Posted by VFTRADER > 2017-04-13 14:49 | Report Abuse

Basically need to reach at least 700mil revenue before reaching 1b mkt cap.

http://blog.eagleprotect.com/new-pollution-laws-in-china-raise-prices-on-chinese-vinyl-gloves

Posted by Bennychua > 2017-04-13 15:11 | Report Abuse

Can see the big leg is playing around this stock share.drip every 5cen per days ...No idea on what they are doing now...