COMFORT GLOVES BERHAD

KLSE (MYR): COMFORT (2127)

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Last Price

0.42

Today's Change

0.00 (0.00%)

Day's Change

0.415 - 0.425

Trading Volume

539,500


25 people like this.

38,781 comment(s). Last comment by Dannyfyl88 1 week ago

Albukhary

3,045 posts

Posted by Albukhary > 2021-06-03 00:40 | Report Abuse

感觉市场开始慢慢回来了。
希望这一两个月大家持有的股票慢慢涨上来。
只要你觉的这是个好公司,就继续持有吧。
套句冷眼的名句:-
有成长,不要卖。
成长长,长持有。
加油。

Speed99

223 posts

Posted by Speed99 > 2021-06-03 16:09 | Report Abuse

Dont miss the boat... collect now .. rebound soon

Amar

28 posts

Posted by Amar > 2021-06-03 16:41 | Report Abuse

gloves will be the norm in future. It will always be needed not just covid but for any other virus. So chill ...
If they give a good dividend or free warrant take it...

ks5S

4,601 posts

Posted by ks5S > 2021-06-03 21:17 | Report Abuse

building more machine
revenue growing . buy more and keep

4444

1,800 posts

Posted by 4444 > 2021-06-04 04:37 | Report Abuse

Early QR no hope?

Posted by Newgirlearninvestmen > 2021-06-04 16:50 | Report Abuse

Waiting....

5c0160

1,763 posts

Posted by 5c0160 > 2021-06-04 17:43 | Report Abuse

Wait long long. Down to 1.70 next week

koowakzai

251 posts

Posted by koowakzai > 2021-06-04 21:00 | Report Abuse

Comfort will rebound. Director Lau bought 2.40 from founder. Pretty sure it will back to 2.40 and above. Huge upside and limited downside.

Camel0602

69 posts

Posted by Camel0602 > 2021-06-05 23:25 | Report Abuse

blanket moratorium will save comfort.

Camel0602

69 posts

Posted by Camel0602 > 2021-06-05 23:26 | Report Abuse

credit card cut interest rate will save comfort.

ks5S

4,601 posts

Posted by ks5S > 2021-06-07 11:31 | Report Abuse

https://www.cnbc.com/2021/06/05/blackstone-group-nears-a-30-billion-deal-to-buy-medline-report-says.html

Private equity buying medline which dealing a lot in glove supply. High value bought over

traderTRX

27 posts

Posted by traderTRX > 2021-06-08 10:06 | Report Abuse

what is going on?

Posted by AxeCapital2077 > 2021-06-08 10:18 | Report Abuse

Gloves still got people want? Save your money don’t let the directors scam eveyone

Dannyfyl88

1,220 posts

Posted by Dannyfyl88 > 2021-06-08 11:31 | Report Abuse

It is up and down... on Bursabet. Gloves are so cheap now compared to the rest and still making money till Next year-end. Buy... there will be another round of going to 3 to 4 later....

Wukong

224 posts

Posted by Wukong > 2021-06-08 20:48 | Report Abuse

是你们给庄家玩死啦哈哈哈哈哈哈。TP1

Amar

28 posts

Posted by Amar > 2021-06-09 12:14 | Report Abuse

hold on to gloves. It will never be over. you need gloves even after covid. Maybe the asp will drop but it's not the end. they are expanding

Posted by Antfakeguru1 > 2021-06-09 13:16 | Report Abuse

TP RM0.50

Posted by BuffetOnWeed > 2021-06-09 13:27 | Report Abuse

Antfakeguru1 TP should be zero. PN17 soon

Will76

591 posts

Posted by Will76 > 2021-06-09 22:52 | Report Abuse

KUALA LUMPUR (June 9): Top Glove Corp Bhd expects average selling prices (ASPs) of gloves to drop further in the coming month due to weaker demand from the US and lower raw material costs.

Its executive director Lim Cheong Guan noted that the ASP of nitrile gloves fell 20% in Top Glove's third financial quarter ended May 31, 2021 (3QFY21).

"The ASP adjustment was in line with market pricing trends and lesser sales volume to the US," he told a virtual press conference held in conjunction with the announcement of the group's latest quarterly results.

Lim expects lower nitrile latex prices as costs of the raw materials, namely butadiene and acrylonitrile, are expected to decline by 10% and 6% respectively between May and August.

"A lower natural rubber latex concentrate price is expected in the coming months as the wintering season ended in May 2021, and yields are expected to improve," he added.

The world's largest glove manufacturer posted a softer quarter-on-quarter (q-o-q) performance for 3QFY21.

Its net profit fell 29.03% to RM2.03 billion from RM2.87 billion for 2QFY21, while revenue shrank 22.42% to RM4.16 billion from RM5.37 billion, as the group was barred from exporting to the US.

The group said the weaker q-o-q performance was owing to a decline in ASPs by 16%, a lower sales quantity following a temporary halt in shipments to the US from Malaysia and higher latex as well as natural rubber latex concentrate prices.

On a year-on-year (y-o-y) basis, the group’s quarterly net profit jumped almost five times to RM2.04 billion from RM347.9 million a year earlier on a higher revenue.

Revenue climbed to RM4.16 billion for 3QFY21 from RM1.69 billion previously.

Despite the weaker earnings performance, Top Glove declared a dividend of 18 sen a share, including a special dividend of 5.3 sen.

Top Glove gained six sen to close at RM4.84 today, with a market capitalisation of RM39.72 billion. It saw 34.54 million shares traded.

Play_Joy

224 posts

Posted by Play_Joy > 2021-06-10 00:53 | Report Abuse

Free warrant coming.....more to come

Dannyfyl88

1,220 posts

Posted by Dannyfyl88 > 2021-06-10 12:32 | Report Abuse

Soft... have to hold LT now...

1invest1

1,467 posts

Posted by 1invest1 > 2021-06-10 17:42 | Report Abuse

Comfort is good. No doubt abt it.
Going forward, profits will become lower due to recovery, vaccinations, ASPs, competition, etc.

Mkt conditions, trends, environment, industries, competition, etc. change & move forward. No stk can continue dominating & give high returns & dividends permanently. Perhaps, high-tech and medicine maybe exceptions due to patents & monopolies.

Projections are good but mkt conditions change very quickly due to numerous factors including faster & rising vaccinations, recovery, lower infections, etc.

If you want to not put all yr eggs in 1 basket or consider an alternative, RWLV is opening on June 24 & Grand Opening on July 4 in Nevada, USA.

Fklim888

1,613 posts

Posted by Fklim888 > 2021-06-10 21:18 | Report Abuse

Finally announcement ....

5c0160

1,763 posts

Posted by 5c0160 > 2021-06-10 21:35 | Report Abuse

3 warrant for 10 share exercise p 2.30?

Jokers2020

2,006 posts

Posted by Jokers2020 > 2021-06-10 21:42 | Report Abuse

will there be changes on mother share price when free warrant is ex

tiruban85

95 posts

Posted by tiruban85 > 2021-06-11 08:32 | Report Abuse

warrant will be shown as another stock on the list. once you exercise them, it will be converted into your mother share

Bgt 9963

7,445 posts

Posted by Bgt 9963 > 2021-06-11 09:13 |

Post removed.Why?

Posted by Achilles83 > 2021-06-11 10:14 | Report Abuse

what is warrant? How to convert it into mother share?

selesa2020

269 posts

Posted by selesa2020 > 2021-06-11 11:24 | Report Abuse

Aiya, no one wants to sell to me, waiting RM1.88 for so many days. Thought people said TP .50, or PN17.

Posted by thedancingbull > 2021-06-11 20:19 | Report Abuse

free warrant yay! remember, do not sell before expire which is 24 June 2021!

Wukong

224 posts

Posted by Wukong > 2021-06-11 21:18 | Report Abuse

Tp 0.50

Jingweihan

1,605 posts

Posted by Jingweihan > 2021-06-12 08:59 | Report Abuse

So clever

Dannyfyl88

1,220 posts

Posted by Dannyfyl88 > 2021-06-12 13:28 | Report Abuse

Wukong TP 0.5 is even lower than Pre COVID. WTF man… if u have to put in your 2 cents… look at AA who is making losses and have 2b debts. This company is growing despite the lower ASP and COVID will be around for a long long time. Use some brain lah…

Jingweihan

1,605 posts

Posted by Jingweihan > 2021-06-12 13:42 | Report Abuse

Up kaokao

Solidrock

55 posts

Posted by Solidrock > 2021-06-12 21:37 | Report Abuse

Topgrove ADR US up 60%. Next week all grove counters will fly to sky high. Ini kalilah!

Benny1123

117 posts

Posted by Benny1123 > 2021-06-13 17:23 | Report Abuse

Waiting so long already..

ks5S

4,601 posts

Posted by ks5S > 2021-06-13 17:26 | Report Abuse

comfort near to zero debt but with cash 130 million. cash is piling. reward shareholder with bonus

Dannyfyl88

1,220 posts

Posted by Dannyfyl88 > 2021-06-14 09:39 | Report Abuse

Like W. Buffett said, Sell if you can find something better... like better a bargain counter with greater earnings/no debts (No company can go bankrupt with little/No Debt). Currently, there is no better bargain than gloves. All recoveries and techs are already up there and the risk is greater for a correction. Also, the economy is still like sh!t with lockdowns, MCO, CMCO etc... as covid is not going to go away soon,

selesa2020

269 posts

Posted by selesa2020 > 2021-06-14 10:05 | Report Abuse

Akai! missed the ship again... @##2##38;@#$##

Posted by Newgirlearninvestmen > 2021-06-14 12:19 | Report Abuse

What is the strike price for bonus issue?

Posted by Zerone Sun > 2021-06-14 12:53 | Report Abuse

For the warrant must entitle for 10shares, if less than that 8 shares is that counted?

Shines

2,824 posts

Posted by Shines > 2021-06-14 13:21 | Report Abuse

Counted, you will get propn 2400 warrants

Posted by Zerone Sun > 2021-06-14 14:59 | Report Abuse

Thank@Shines, is based on 0.3 warrants x 1 share

5c0160

1,763 posts

Posted by 5c0160 > 2021-06-14 18:12 | Report Abuse

Anybody can predict whats the listing price for warrant? any target price?

brian3381

1,888 posts

Posted by brian3381 > 2021-06-15 08:14 | Report Abuse

Europe usa cases drop drop drop. Gloves all gg

Benny1123

117 posts

Posted by Benny1123 > 2021-06-15 11:24 | Report Abuse

When Gloves all gg, wonder??

Dannyfyl88

1,220 posts

Posted by Dannyfyl88 > 2021-06-16 10:50 | Report Abuse

Flat...low ass volume.... as with all gloves... So out of favor now.... What other counters to invest? No good bargain out there. All recoveries/tech at ATH. With the current economic situation, it is riskier than gloves in terms of earnings.

yumchar

55 posts

Posted by yumchar > 2021-06-16 22:25 | Report Abuse

Most people like to eat fried food, that's why they go for goreng stocks that made losses or little profit and are not comfortable with Comfort that made RM173m PBT last quarter. Assuming PBT starts dropping 25% every quarter, the PBT for next 12 months hopefully should still be around RM 350m barring any unforeseen circumstances. How many companies can earn this much profit with a estimated PE of around 5? Tempting to get the bonus warrants (Exercise price RM 2.30) of 3 for 10 going ex next Wednesday. Waiting to get a good price from short sellers.

Posted by AxeCapital2077 > 2021-06-17 09:05 | Report Abuse

Not a good counter to invest

Dannyfyl88

1,220 posts

Posted by Dannyfyl88 > 2021-06-17 09:45 | Report Abuse

Ya... for now. Not hot at all.... That goes for all gloves too. Sad... P/E damn low, good earnings, no debts, good dividends/WC but everyone is negative because of decreasing ASP. No anticipation of Virus variance, long term vaccine effect, difficulties in vaccinating all and recoveries at ATH now. That is how Bursabet goes... Going to have to hold it LT now...

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