The EPS for year just ended was 49 cents. I believe the EPS for y/e 31Jan 2022 is going to be around 62 cents. The current PE multiple for most of the glove counters is ( under current suppressed condition) is 4. A more reasonable and acceptable ( to many investors) PE multiple is 6. On this basis, the fair value of Comfort is RM3.72. This is purely my personal view.
With this valuation, there is room for all to make some handsome profits.
With the strong support for the counter from all of us, let us hope the major shareholders and the syndicates will lend their support and keep the prices reasonably high and make Comfort Gloves an "enviable" counter.
With this concerted effort there is no need to look at other glove counters.
I noticed that each time the syndicate pushes the share price, it will move abt 70 cents. So there is still room to pick up. Enjoy your day, brothers and sisters.
I cannot find any stocks better than Gloves in term of profit performance .This year is still glove year n there after . This pandemic is not going to end till 2024 according to expert.
The Company and their directors are piling up to buy at RM2 and they are not likely to sell unless they can make at least 25-30% which means this round the price is likely to hit at least RM2.50-RM2.60.
This would happen once they have finished buying. I guess is anytime soon.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
yingzhe17
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Posted by yingzhe17 > 2021-04-06 17:57 | Report Abuse
1/4 is good ... up today