naik naik 1% 2% 2% then turun straight to 4.4%. is this right for a strong glove stocks like comfort, TG, Rubberex, SPMX. really something is wrong with investors/traders
Last year, Comfort's operating cash flow from operations alone was RM402m. That's really exceptional.
If we thought, last year's results were incredible, I think we will be bowled over with 2022 results. For a start, Q1 2022 will be better than Q4 2021 which recorded an EPS of 23.65sen. Details are in the quarterly:
In this current quarter (4QYE21), the Group has achieved the highest quarter profit in the history despite sales were adversely affected by global shipping condition. Pandemic-related safety measures have lowered efficiency at ports, leading to delivery delays. The turnaround time for containers returning to Malaysia became longer and many shipments were delayed due to constraint in containers and vessels. The ripple effect of the shipping situation has caused higher inventory than usual and 25% of shipments in this quarter to be delivered to 1st Quarter of the financial year ended 2022 (1QYE22). The Group is confident to put up a strong performance in the near term.
The flexibility of the Group’s manufacturing process and customer base outside the medical market has allowed the Group to effectively manage the shortage of synthetic latex in the market. Speciality premium gloves manufactured by the Group from natural latex are equally in demand by the Group’s partners worldwide as its synthetic latex counterpart. To meet this increase demand, the Group will commission new production lines that increase production capacity by 33% towards financial year end 2022. The current market environment has allowed the Group to work with our partners worldwide to lock in commitments for the purchase of gloves.
Ya, this has the lowest P/E... Growth is also a straight line wonderful. However, the stock price is the 2nd worse compared to other gloves. WTF. Only in Bursa that happens... Disappointing.
ESCeramic wil be transferred to Main Board by this year. Wil continue rewarding the shareholders with good dividends. New production plants wil be ready by this July
Comfort jumped from 1.87 to 2.94 which is 57% in the last 4 weeks. At 2.70 it is still up 44%. The good prospects still intact. If you are medium-long term investors, i don't see why you need to worry so much. Profit-taking by some players are expected and of course the presence of some short sellers does not help.
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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....
DreamEmperor
3,340 posts
Posted by DreamEmperor > 2021-04-27 16:14 | Report Abuse
So that means your head + brain pon rubbish also leh