It is cruel that many people will die, I believe this Covid-19 pandemic is far from over. I am taking a chance to buy glove stocks because I believe foreign fund managers are net buying Topglov and Supermx. I buy Supermx and Comfort in last 2 days.
Covid will not go away as quickly as some shorties think. Not this year or Next. Gloves will be profitable for the next 3 years at least. Take comfort and add. 1/4 formula is already in play...still confusing...4/1 or 1/4?
The run has just started. Foreign fund managers are back to mop up shares in Comfort. Let them do the push-up work. We can now sit back and sip our coffee. I strongly believe they will not sell until Comfort hits the min of RM4.96
Expected EPS ( Jan 2022) of RM0.62 X PE multiple of 8
Someone keeping shouting glove stocks become glut , caused many producers jump into the bandwagon. Come-on be realistic, see what's happening all around. Despite USA and their alliance boycott TG suppliers, see still shortage? Imagine those embargoes are lifted , you bet.
MARGMA expects a shortfall of 80 bil pieces of rubber gloves this year as demand continues to outstrip supply ---------------------------------------------------------------------- theedgemarkets.com
March 15, 2021
KUALA LUMPUR (March 15): Global supply of rubber gloves is projected to reach 420 billion pieces this year, some 80 billion pieces short of the projected demand of 500 billion pieces, according to the Malaysian Rubber Glove Manufacturers Association (MARGMA).
Posted by ImWhatIm....It is normal for a company issuing convertible warrants to put the conversion price as high as possible ( but still looks reasonable to the investors). It is in their interest to raise as much cash as possible from the exercise. To justify a higher conversion price the mother share price needs to be high too. What do you think the company would do?They have to push up the price of the mother share to justify a higher conversion price. This is the simplest and most logical thing for the company to do before they fix the conversion rate.
Thank you...A clear n concise explanation for a novice like me.
how if the mother share never really go up? and warrant is at 2.60. so once issued, they might sell of warrant, in turn the price will go down so drastically if investors find the correct price for Comfort is in fact around this price now. 2.30 or 2.40. Just asking.
It is nice to see many investors coming out of the woodwork to enquire about Comfort's restructuring. This will somehow entice them to pick up shares in Comfort.
Have another exciting with Comfort.
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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....
BoomBerg
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Posted by BoomBerg > 2021-04-14 00:13 | Report Abuse
Covid-19 pandemic long way from over’: WHO Chief warns
7,161 views•13 Apr 2021
https://www.youtube.com/watch?v=FpVCFn8d4wM